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Side-by-side financial comparison of Digital Turbine, Inc. (APPS) and Ecovyst Inc. (ECVT). Click either name above to swap in a different company.

Ecovyst Inc. is the larger business by last-quarter revenue ($199.4M vs $151.4M, roughly 1.3× Digital Turbine, Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 12.4%). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% CAGR vs 16.2%).

Digital Turbine, Inc. is a global ad technology company that provides end-to-end mobile app monetization, user acquisition, and targeted advertising solutions. It partners with mobile network operators, original equipment manufacturers, and app developers to deliver seamless, contextually relevant app experiences and ad engagements to end users across North America, Europe, and Asia-Pacific, serving core segments of telecom, mobile tech and consumer app industries.

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

APPS vs ECVT — Head-to-Head

Bigger by revenue
ECVT
ECVT
1.3× larger
ECVT
$199.4M
$151.4M
APPS
Growing faster (revenue YoY)
ECVT
ECVT
+21.5% gap
ECVT
34.0%
12.4%
APPS
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
16.2%
APPS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
APPS
APPS
ECVT
ECVT
Revenue
$151.4M
$199.4M
Net Profit
$5.1M
Gross Margin
57.4%
23.4%
Operating Margin
14.3%
10.9%
Net Margin
3.4%
Revenue YoY
12.4%
34.0%
Net Profit YoY
122.1%
EPS (diluted)
$0.03
$0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APPS
APPS
ECVT
ECVT
Q4 25
$151.4M
$199.4M
Q3 25
$140.4M
$204.9M
Q2 25
$130.9M
$176.1M
Q1 25
$119.2M
$143.1M
Q4 24
$134.6M
$148.9M
Q3 24
$118.7M
$153.9M
Q2 24
$118.0M
$154.0M
Q1 24
$112.2M
$141.6M
Net Profit
APPS
APPS
ECVT
ECVT
Q4 25
$5.1M
Q3 25
$-21.4M
$-79.3M
Q2 25
$-14.1M
$6.0M
Q1 25
$-18.8M
$-3.6M
Q4 24
$-23.1M
Q3 24
$-25.0M
$14.3M
Q2 24
$-25.2M
$8.3M
Q1 24
$-236.5M
$1.2M
Gross Margin
APPS
APPS
ECVT
ECVT
Q4 25
57.4%
23.4%
Q3 25
55.1%
25.4%
Q2 25
55.6%
22.8%
Q1 25
55.4%
13.3%
Q4 24
48.0%
28.9%
Q3 24
52.6%
29.3%
Q2 24
52.7%
27.3%
Q1 24
52.3%
23.5%
Operating Margin
APPS
APPS
ECVT
ECVT
Q4 25
14.3%
10.9%
Q3 25
4.7%
13.8%
Q2 25
-3.6%
9.0%
Q1 25
-9.8%
-0.7%
Q4 24
-9.5%
15.1%
Q3 24
-11.4%
17.9%
Q2 24
-13.6%
14.1%
Q1 24
-185.2%
9.5%
Net Margin
APPS
APPS
ECVT
ECVT
Q4 25
3.4%
Q3 25
-15.2%
-38.7%
Q2 25
-10.8%
3.4%
Q1 25
-15.8%
-2.5%
Q4 24
-17.2%
Q3 24
-21.0%
9.3%
Q2 24
-21.3%
5.4%
Q1 24
-210.7%
0.9%
EPS (diluted)
APPS
APPS
ECVT
ECVT
Q4 25
$0.03
$0.06
Q3 25
$-0.20
$-0.69
Q2 25
$-0.13
$0.05
Q1 25
$-0.18
$-0.03
Q4 24
$-0.22
$-0.26
Q3 24
$-0.24
$0.12
Q2 24
$-0.25
$0.07
Q1 24
$-2.33
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APPS
APPS
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$40.2M
$197.2M
Total DebtLower is stronger
$355.0M
$392.6M
Stockholders' EquityBook value
$194.6M
$603.4M
Total Assets
$858.2M
$1.3B
Debt / EquityLower = less leverage
1.82×
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPS
APPS
ECVT
ECVT
Q4 25
$40.2M
$197.2M
Q3 25
$38.8M
$82.0M
Q2 25
$33.4M
$69.6M
Q1 25
$39.4M
$127.5M
Q4 24
$34.6M
$131.4M
Q3 24
$32.1M
$123.5M
Q2 24
$35.0M
$83.3M
Q1 24
$32.9M
$103.1M
Total Debt
APPS
APPS
ECVT
ECVT
Q4 25
$355.0M
$392.6M
Q3 25
$396.4M
$854.8M
Q2 25
$400.5M
$856.6M
Q1 25
$408.7M
$859.0M
Q4 24
$408.2M
$860.8M
Q3 24
$407.6M
$862.7M
Q2 24
$393.8M
$862.4M
Q1 24
$383.5M
$866.2M
Stockholders' Equity
APPS
APPS
ECVT
ECVT
Q4 25
$194.6M
$603.4M
Q3 25
$148.1M
$607.9M
Q2 25
$152.3M
$692.4M
Q1 25
$154.0M
$698.7M
Q4 24
$163.6M
$700.5M
Q3 24
$182.4M
$729.4M
Q2 24
$196.0M
$717.3M
Q1 24
$213.9M
$711.4M
Total Assets
APPS
APPS
ECVT
ECVT
Q4 25
$858.2M
$1.3B
Q3 25
$818.7M
$1.7B
Q2 25
$818.4M
$1.8B
Q1 25
$812.9M
$1.8B
Q4 24
$839.7M
$1.8B
Q3 24
$844.5M
$1.8B
Q2 24
$860.2M
$1.8B
Q1 24
$865.5M
$1.8B
Debt / Equity
APPS
APPS
ECVT
ECVT
Q4 25
1.82×
0.65×
Q3 25
2.68×
1.41×
Q2 25
2.63×
1.24×
Q1 25
2.65×
1.23×
Q4 24
2.50×
1.23×
Q3 24
2.24×
1.18×
Q2 24
2.01×
1.20×
Q1 24
1.79×
1.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APPS
APPS
ECVT
ECVT
Operating Cash FlowLast quarter
$14.2M
$41.8M
Free Cash FlowOCF − Capex
$22.9M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPS
APPS
ECVT
ECVT
Q4 25
$14.2M
$41.8M
Q3 25
$14.5M
$55.3M
Q2 25
$8.8M
$33.0M
Q1 25
$11.9M
$10.3M
Q4 24
$10.4M
$43.5M
Q3 24
$-8.7M
$59.9M
Q2 24
$-1.4M
$10.0M
Q1 24
$28.7M
$36.5M
Free Cash Flow
APPS
APPS
ECVT
ECVT
Q4 25
$22.9M
Q3 25
$53.2M
Q2 25
$7.8M
Q1 25
$-14.0M
Q4 24
$30.9M
Q3 24
$53.6M
Q2 24
$-9.3M
Q1 24
$19.1M
FCF Margin
APPS
APPS
ECVT
ECVT
Q4 25
11.5%
Q3 25
26.0%
Q2 25
4.4%
Q1 25
-9.8%
Q4 24
20.7%
Q3 24
34.9%
Q2 24
-6.1%
Q1 24
13.5%
Capex Intensity
APPS
APPS
ECVT
ECVT
Q4 25
9.4%
Q3 25
1.0%
Q2 25
14.4%
Q1 25
16.9%
Q4 24
8.5%
Q3 24
4.1%
Q2 24
12.5%
Q1 24
12.3%
Cash Conversion
APPS
APPS
ECVT
ECVT
Q4 25
2.78×
Q3 25
Q2 25
5.52×
Q1 25
Q4 24
Q3 24
4.21×
Q2 24
1.20×
Q1 24
29.90×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APPS
APPS

On Device Solutions$99.6M66%
App Growth Platform$52.6M35%

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

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