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Side-by-side financial comparison of Ecovyst Inc. (ECVT) and EQUITY LIFESTYLE PROPERTIES INC (ELS). Click either name above to swap in a different company.

EQUITY LIFESTYLE PROPERTIES INC is the larger business by last-quarter revenue ($397.6M vs $199.4M, roughly 2.0× Ecovyst Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 6.3%). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% CAGR vs 2.3%).

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.

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

ECVT vs ELS — Head-to-Head

Bigger by revenue
ELS
ELS
2.0× larger
ELS
$397.6M
$199.4M
ECVT
Growing faster (revenue YoY)
ECVT
ECVT
+27.6% gap
ECVT
34.0%
6.3%
ELS
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
2.3%
ELS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ECVT
ECVT
ELS
ELS
Revenue
$199.4M
$397.6M
Net Profit
Gross Margin
23.4%
Operating Margin
10.9%
Net Margin
Revenue YoY
34.0%
6.3%
Net Profit YoY
EPS (diluted)
$0.06
$0.56

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
ECVT
ECVT
ELS
ELS
Q1 26
$397.6M
Q4 25
$199.4M
$373.9M
Q3 25
$204.9M
$393.3M
Q2 25
$176.1M
$376.9M
Q1 25
$143.1M
$387.3M
Q4 24
$148.9M
$372.3M
Q3 24
$153.9M
$387.3M
Q2 24
$154.0M
$380.0M
Net Profit
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
$103.8M
Q3 25
$-79.3M
$100.4M
Q2 25
$6.0M
$83.5M
Q1 25
$-3.6M
$114.4M
Q4 24
$100.6M
Q3 24
$14.3M
$86.9M
Q2 24
$8.3M
$82.1M
Gross Margin
ECVT
ECVT
ELS
ELS
Q1 26
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%
Operating Margin
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
10.9%
26.5%
Q3 25
13.8%
25.1%
Q2 25
9.0%
22.3%
Q1 25
-0.7%
28.3%
Q4 24
15.1%
27.2%
Q3 24
17.9%
21.4%
Q2 24
14.1%
21.5%
Net Margin
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
27.8%
Q3 25
-38.7%
25.5%
Q2 25
3.4%
22.2%
Q1 25
-2.5%
29.5%
Q4 24
27.0%
Q3 24
9.3%
22.4%
Q2 24
5.4%
21.6%
EPS (diluted)
ECVT
ECVT
ELS
ELS
Q1 26
$0.56
Q4 25
$0.06
$0.52
Q3 25
$-0.69
$0.50
Q2 25
$0.05
$0.42
Q1 25
$-0.03
$0.57
Q4 24
$-0.26
$0.51
Q3 24
$0.12
$0.44
Q2 24
$0.07
$0.42

Balance Sheet & Financial Strength

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

Metric
ECVT
ECVT
ELS
ELS
Cash + ST InvestmentsLiquidity on hand
$197.2M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$603.4M
$1.8B
Total Assets
$1.3B
$5.7M
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
$197.2M
Q3 25
$82.0M
Q2 25
$69.6M
Q1 25
$127.5M
Q4 24
$131.4M
Q3 24
$123.5M
Q2 24
$83.3M
Total Debt
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
$392.6M
$3.3B
Q3 25
$854.8M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$860.8M
$3.2B
Q3 24
$862.7M
Q2 24
$862.4M
Stockholders' Equity
ECVT
ECVT
ELS
ELS
Q1 26
$1.8B
Q4 25
$603.4M
$1.8B
Q3 25
$607.9M
$1.8B
Q2 25
$692.4M
$1.7B
Q1 25
$698.7M
$1.7B
Q4 24
$700.5M
$1.7B
Q3 24
$729.4M
$1.4B
Q2 24
$717.3M
$1.4B
Total Assets
ECVT
ECVT
ELS
ELS
Q1 26
$5.7M
Q4 25
$1.3B
$5.7B
Q3 25
$1.7B
$5.7B
Q2 25
$1.8B
$5.7B
Q1 25
$1.8B
$5.6B
Q4 24
$1.8B
$5.6B
Q3 24
$1.8B
$5.6B
Q2 24
$1.8B
$5.6B
Debt / Equity
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
0.65×
1.91×
Q3 25
1.41×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
1.23×
1.84×
Q3 24
1.18×
Q2 24
1.20×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
$41.8M
$571.1M
Q3 25
$55.3M
$147.0M
Q2 25
$33.0M
$131.3M
Q1 25
$10.3M
$193.4M
Q4 24
$43.5M
$596.7M
Q3 24
$59.9M
$149.5M
Q2 24
$10.0M
$143.1M
Free Cash Flow
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
$22.9M
$334.1M
Q3 25
$53.2M
$75.7M
Q2 25
$7.8M
$71.8M
Q1 25
$-14.0M
$148.2M
Q4 24
$30.9M
$355.4M
Q3 24
$53.6M
$91.1M
Q2 24
$-9.3M
$80.6M
FCF Margin
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
11.5%
89.4%
Q3 25
26.0%
19.3%
Q2 25
4.4%
19.1%
Q1 25
-9.8%
38.3%
Q4 24
20.7%
95.5%
Q3 24
34.9%
23.5%
Q2 24
-6.1%
21.2%
Capex Intensity
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
9.4%
63.4%
Q3 25
1.0%
18.1%
Q2 25
14.4%
15.8%
Q1 25
16.9%
11.7%
Q4 24
8.5%
64.8%
Q3 24
4.1%
15.1%
Q2 24
12.5%
16.5%
Cash Conversion
ECVT
ECVT
ELS
ELS
Q1 26
Q4 25
5.50×
Q3 25
1.46×
Q2 25
5.52×
1.57×
Q1 25
1.69×
Q4 24
5.93×
Q3 24
4.21×
1.72×
Q2 24
1.20×
1.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ECVT
ECVT

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

ELS
ELS

Rental income$339.0M85%
Other$37.2M9%
Annual membership subscriptions$18.3M5%
Membership upgrade revenue$3.1M1%

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