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Side-by-side financial comparison of Ecovyst Inc. (ECVT) and FLEXSTEEL INDUSTRIES INC (FLXS). Click either name above to swap in a different company.

Ecovyst Inc. is the larger business by last-quarter revenue ($199.4M vs $115.1M, roughly 1.7× FLEXSTEEL INDUSTRIES INC). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 1.0%). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% CAGR vs 1.9%).

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.

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

ECVT vs FLXS — Head-to-Head

Bigger by revenue
ECVT
ECVT
1.7× larger
ECVT
$199.4M
$115.1M
FLXS
Growing faster (revenue YoY)
ECVT
ECVT
+33.0% gap
ECVT
34.0%
1.0%
FLXS
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
1.9%
FLXS

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
ECVT
ECVT
FLXS
FLXS
Revenue
$199.4M
$115.1M
Net Profit
$20.4M
Gross Margin
23.4%
22.6%
Operating Margin
10.9%
Net Margin
17.7%
Revenue YoY
34.0%
1.0%
Net Profit YoY
116.0%
EPS (diluted)
$0.06
$1.14

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
FLXS
FLXS
Q3 26
$115.1M
Q4 25
$199.4M
$118.2M
Q3 25
$204.9M
$110.4M
Q2 25
$176.1M
$114.6M
Q1 25
$143.1M
$114.0M
Q4 24
$148.9M
$108.5M
Q3 24
$153.9M
$104.0M
Q2 24
$154.0M
$110.8M
Net Profit
ECVT
ECVT
FLXS
FLXS
Q3 26
$20.4M
Q4 25
$6.6M
Q3 25
$-79.3M
$7.3M
Q2 25
$6.0M
$10.7M
Q1 25
$-3.6M
$-3.7M
Q4 24
$9.1M
Q3 24
$14.3M
$4.1M
Q2 24
$8.3M
$4.9M
Gross Margin
ECVT
ECVT
FLXS
FLXS
Q3 26
22.6%
Q4 25
23.4%
22.7%
Q3 25
25.4%
23.5%
Q2 25
22.8%
23.9%
Q1 25
13.3%
22.2%
Q4 24
28.9%
21.0%
Q3 24
29.3%
21.5%
Q2 24
27.3%
21.3%
Operating Margin
ECVT
ECVT
FLXS
FLXS
Q3 26
Q4 25
10.9%
7.6%
Q3 25
13.8%
8.1%
Q2 25
9.0%
12.2%
Q1 25
-0.7%
-4.4%
Q4 24
15.1%
10.7%
Q3 24
17.9%
5.8%
Q2 24
14.1%
6.9%
Net Margin
ECVT
ECVT
FLXS
FLXS
Q3 26
17.7%
Q4 25
5.6%
Q3 25
-38.7%
6.6%
Q2 25
3.4%
9.3%
Q1 25
-2.5%
-3.3%
Q4 24
8.3%
Q3 24
9.3%
4.0%
Q2 24
5.4%
4.4%
EPS (diluted)
ECVT
ECVT
FLXS
FLXS
Q3 26
$1.14
Q4 25
$0.06
$1.18
Q3 25
$-0.69
$1.31
Q2 25
$0.05
$1.90
Q1 25
$-0.03
$-0.71
Q4 24
$-0.26
$1.62
Q3 24
$0.12
$0.74
Q2 24
$0.07
$0.87

Balance Sheet & Financial Strength

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

Metric
ECVT
ECVT
FLXS
FLXS
Cash + ST InvestmentsLiquidity on hand
$197.2M
$57.3M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$603.4M
$185.3M
Total Assets
$1.3B
$290.2M
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECVT
ECVT
FLXS
FLXS
Q3 26
$57.3M
Q4 25
$197.2M
$36.8M
Q3 25
$82.0M
$38.6M
Q2 25
$69.6M
$40.0M
Q1 25
$127.5M
$22.6M
Q4 24
$131.4M
$11.8M
Q3 24
$123.5M
$5.7M
Q2 24
$83.3M
$4.8M
Total Debt
ECVT
ECVT
FLXS
FLXS
Q3 26
Q4 25
$392.6M
Q3 25
$854.8M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$860.8M
Q3 24
$862.7M
Q2 24
$862.4M
Stockholders' Equity
ECVT
ECVT
FLXS
FLXS
Q3 26
$185.3M
Q4 25
$603.4M
$178.9M
Q3 25
$607.9M
$172.2M
Q2 25
$692.4M
$167.9M
Q1 25
$698.7M
$158.1M
Q4 24
$700.5M
$161.9M
Q3 24
$729.4M
$154.7M
Q2 24
$717.3M
$150.4M
Total Assets
ECVT
ECVT
FLXS
FLXS
Q3 26
$290.2M
Q4 25
$1.3B
$290.2M
Q3 25
$1.7B
$281.5M
Q2 25
$1.8B
$282.5M
Q1 25
$1.8B
$266.1M
Q4 24
$1.8B
$271.5M
Q3 24
$1.8B
$268.7M
Q2 24
$1.8B
$274.5M
Debt / Equity
ECVT
ECVT
FLXS
FLXS
Q3 26
Q4 25
0.65×
Q3 25
1.41×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
1.23×
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
FLXS
FLXS
Operating Cash FlowLast quarter
$41.8M
$27.2M
Free Cash FlowOCF − Capex
$22.9M
FCF MarginFCF / Revenue
11.5%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECVT
ECVT
FLXS
FLXS
Q3 26
$27.2M
Q4 25
$41.8M
$1.0M
Q3 25
$55.3M
$4.1M
Q2 25
$33.0M
$15.6M
Q1 25
$10.3M
$12.3M
Q4 24
$43.5M
$6.7M
Q3 24
$59.9M
$2.4M
Q2 24
$10.0M
$7.5M
Free Cash Flow
ECVT
ECVT
FLXS
FLXS
Q3 26
Q4 25
$22.9M
$-735.0K
Q3 25
$53.2M
$2.8M
Q2 25
$7.8M
$15.1M
Q1 25
$-14.0M
$10.9M
Q4 24
$30.9M
$5.8M
Q3 24
$53.6M
$2.0M
Q2 24
$-9.3M
$7.1M
FCF Margin
ECVT
ECVT
FLXS
FLXS
Q3 26
Q4 25
11.5%
-0.6%
Q3 25
26.0%
2.5%
Q2 25
4.4%
13.1%
Q1 25
-9.8%
9.6%
Q4 24
20.7%
5.3%
Q3 24
34.9%
1.9%
Q2 24
-6.1%
6.4%
Capex Intensity
ECVT
ECVT
FLXS
FLXS
Q3 26
Q4 25
9.4%
1.5%
Q3 25
1.0%
1.2%
Q2 25
14.4%
0.5%
Q1 25
16.9%
1.2%
Q4 24
8.5%
0.8%
Q3 24
4.1%
0.4%
Q2 24
12.5%
0.4%
Cash Conversion
ECVT
ECVT
FLXS
FLXS
Q3 26
1.33×
Q4 25
0.15×
Q3 25
0.56×
Q2 25
5.52×
1.46×
Q1 25
Q4 24
0.74×
Q3 24
4.21×
0.58×
Q2 24
1.20×
1.53×

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%

FLXS
FLXS

Segment breakdown not available.

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