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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) 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 $156.4M, roughly 1.3× CBL & ASSOCIATES PROPERTIES INC). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 18.8%). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% CAGR vs 10.1%).

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

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.

CBL vs ECVT — Head-to-Head

Bigger by revenue
ECVT
ECVT
1.3× larger
ECVT
$199.4M
$156.4M
CBL
Growing faster (revenue YoY)
ECVT
ECVT
+15.2% gap
ECVT
34.0%
18.8%
CBL
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
10.1%
CBL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBL
CBL
ECVT
ECVT
Revenue
$156.4M
$199.4M
Net Profit
$49.0M
Gross Margin
23.4%
Operating Margin
10.9%
Net Margin
31.3%
Revenue YoY
18.8%
34.0%
Net Profit YoY
29.0%
EPS (diluted)
$1.61
$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
CBL
CBL
ECVT
ECVT
Q4 25
$156.4M
$199.4M
Q3 25
$139.3M
$204.9M
Q2 25
$140.9M
$176.1M
Q1 25
$141.8M
$143.1M
Q4 24
$131.7M
$148.9M
Q3 24
$125.1M
$153.9M
Q2 24
$129.7M
$154.0M
Q1 24
$129.1M
$141.6M
Net Profit
CBL
CBL
ECVT
ECVT
Q4 25
$49.0M
Q3 25
$75.4M
$-79.3M
Q2 25
$2.8M
$6.0M
Q1 25
$8.8M
$-3.6M
Q4 24
$38.0M
Q3 24
$16.2M
$14.3M
Q2 24
$4.7M
$8.3M
Q1 24
$50.0K
$1.2M
Gross Margin
CBL
CBL
ECVT
ECVT
Q4 25
23.4%
Q3 25
25.4%
Q2 25
22.8%
Q1 25
13.3%
Q4 24
28.9%
Q3 24
29.3%
Q2 24
27.3%
Q1 24
23.5%
Operating Margin
CBL
CBL
ECVT
ECVT
Q4 25
10.9%
Q3 25
13.8%
Q2 25
9.0%
Q1 25
-0.7%
Q4 24
15.1%
Q3 24
17.9%
Q2 24
14.1%
Q1 24
9.5%
Net Margin
CBL
CBL
ECVT
ECVT
Q4 25
31.3%
Q3 25
54.2%
-38.7%
Q2 25
2.0%
3.4%
Q1 25
6.2%
-2.5%
Q4 24
28.8%
Q3 24
12.9%
9.3%
Q2 24
3.7%
5.4%
Q1 24
0.0%
0.9%
EPS (diluted)
CBL
CBL
ECVT
ECVT
Q4 25
$1.61
$0.06
Q3 25
$2.38
$-0.69
Q2 25
$0.08
$0.05
Q1 25
$0.27
$-0.03
Q4 24
$1.22
$-0.26
Q3 24
$0.52
$0.12
Q2 24
$0.14
$0.07
Q1 24
$-0.01
$0.01

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$42.3M
$197.2M
Total DebtLower is stronger
$2.2B
$392.6M
Stockholders' EquityBook value
$374.9M
$603.4M
Total Assets
$2.7B
$1.3B
Debt / EquityLower = less leverage
5.79×
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
ECVT
ECVT
Q4 25
$42.3M
$197.2M
Q3 25
$52.6M
$82.0M
Q2 25
$100.3M
$69.6M
Q1 25
$100.3M
$127.5M
Q4 24
$40.8M
$131.4M
Q3 24
$65.1M
$123.5M
Q2 24
$57.7M
$83.3M
Q1 24
$57.7M
$103.1M
Total Debt
CBL
CBL
ECVT
ECVT
Q4 25
$2.2B
$392.6M
Q3 25
$2.2B
$854.8M
Q2 25
$2.1B
$856.6M
Q1 25
$2.2B
$859.0M
Q4 24
$2.2B
$860.8M
Q3 24
$1.8B
$862.7M
Q2 24
$1.9B
$862.4M
Q1 24
$1.9B
$866.2M
Stockholders' Equity
CBL
CBL
ECVT
ECVT
Q4 25
$374.9M
$603.4M
Q3 25
$351.4M
$607.9M
Q2 25
$289.4M
$692.4M
Q1 25
$295.0M
$698.7M
Q4 24
$323.5M
$700.5M
Q3 24
$308.3M
$729.4M
Q2 24
$308.8M
$717.3M
Q1 24
$324.2M
$711.4M
Total Assets
CBL
CBL
ECVT
ECVT
Q4 25
$2.7B
$1.3B
Q3 25
$2.7B
$1.7B
Q2 25
$2.6B
$1.8B
Q1 25
$2.6B
$1.8B
Q4 24
$2.7B
$1.8B
Q3 24
$2.2B
$1.8B
Q2 24
$2.3B
$1.8B
Q1 24
$2.3B
$1.8B
Debt / Equity
CBL
CBL
ECVT
ECVT
Q4 25
5.79×
0.65×
Q3 25
6.21×
1.41×
Q2 25
7.39×
1.24×
Q1 25
7.29×
1.23×
Q4 24
6.84×
1.23×
Q3 24
5.76×
1.18×
Q2 24
6.00×
1.20×
Q1 24
5.74×
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
CBL
CBL
ECVT
ECVT
Operating Cash FlowLast quarter
$249.7M
$41.8M
Free Cash FlowOCF − Capex
$22.9M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBL
CBL
ECVT
ECVT
Q4 25
$249.7M
$41.8M
Q3 25
$69.6M
$55.3M
Q2 25
$68.3M
$33.0M
Q1 25
$31.7M
$10.3M
Q4 24
$202.2M
$43.5M
Q3 24
$61.1M
$59.9M
Q2 24
$64.2M
$10.0M
Q1 24
$30.7M
$36.5M
Free Cash Flow
CBL
CBL
ECVT
ECVT
Q4 25
$22.9M
Q3 25
$53.2M
Q2 25
$7.8M
Q1 25
$-14.0M
Q4 24
$30.9M
Q3 24
$46.0M
$53.6M
Q2 24
$54.8M
$-9.3M
Q1 24
$24.7M
$19.1M
FCF Margin
CBL
CBL
ECVT
ECVT
Q4 25
11.5%
Q3 25
26.0%
Q2 25
4.4%
Q1 25
-9.8%
Q4 24
20.7%
Q3 24
36.8%
34.9%
Q2 24
42.2%
-6.1%
Q1 24
19.1%
13.5%
Capex Intensity
CBL
CBL
ECVT
ECVT
Q4 25
9.4%
Q3 25
1.0%
Q2 25
14.4%
Q1 25
16.9%
Q4 24
8.5%
Q3 24
12.1%
4.1%
Q2 24
7.3%
12.5%
Q1 24
4.7%
12.3%
Cash Conversion
CBL
CBL
ECVT
ECVT
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
5.52×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
4.21×
Q2 24
13.54×
1.20×
Q1 24
614.76×
29.90×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBL
CBL

Segment breakdown not available.

ECVT
ECVT

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

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