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

Sarepta Therapeutics, Inc. is the larger business by last-quarter revenue ($369.6M vs $199.4M, roughly 1.9× Ecovyst Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs -42.1%). Sarepta Therapeutics, Inc. produced more free cash flow last quarter ($127.6M vs $22.9M). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% CAGR vs 1.4%).

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.

Sarepta Therapeutics, Inc. is a medical research and drug development company with corporate offices and research facilities in Cambridge, Massachusetts, United States. Incorporated in 1980 as AntiVirals, shortly before going public the company changed its name from AntiVirals to AVI BioPharma soon with stock symbol AVII and in July 2012 changed name from AVI BioPharma to Sarepta Therapeutics and SRPT respectively. As of 2023, the company has four approved drugs.

ECVT vs SRPT — Head-to-Head

Bigger by revenue
SRPT
SRPT
1.9× larger
SRPT
$369.6M
$199.4M
ECVT
Growing faster (revenue YoY)
ECVT
ECVT
+76.1% gap
ECVT
34.0%
-42.1%
SRPT
More free cash flow
SRPT
SRPT
$104.7M more FCF
SRPT
$127.6M
$22.9M
ECVT
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
1.4%
SRPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECVT
ECVT
SRPT
SRPT
Revenue
$199.4M
$369.6M
Net Profit
$-412.2M
Gross Margin
23.4%
Operating Margin
10.9%
-111.4%
Net Margin
-111.5%
Revenue YoY
34.0%
-42.1%
Net Profit YoY
-359.2%
EPS (diluted)
$0.06
$-3.92

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
SRPT
SRPT
Q4 25
$199.4M
$369.6M
Q3 25
$204.9M
$370.0M
Q2 25
$176.1M
$513.1M
Q1 25
$143.1M
$611.5M
Q4 24
$148.9M
$638.2M
Q3 24
$153.9M
$429.8M
Q2 24
$154.0M
$360.5M
Q1 24
$141.6M
$359.5M
Net Profit
ECVT
ECVT
SRPT
SRPT
Q4 25
$-412.2M
Q3 25
$-79.3M
$-50.6M
Q2 25
$6.0M
$196.9M
Q1 25
$-3.6M
$-447.5M
Q4 24
$159.0M
Q3 24
$14.3M
$33.6M
Q2 24
$8.3M
$6.5M
Q1 24
$1.2M
$36.1M
Gross Margin
ECVT
ECVT
SRPT
SRPT
Q4 25
23.4%
Q3 25
25.4%
59.3%
Q2 25
22.8%
70.3%
Q1 25
13.3%
77.5%
Q4 24
28.9%
Q3 24
29.3%
78.7%
Q2 24
27.3%
87.6%
Q1 24
23.5%
85.9%
Operating Margin
ECVT
ECVT
SRPT
SRPT
Q4 25
10.9%
-111.4%
Q3 25
13.8%
-27.9%
Q2 25
9.0%
22.5%
Q1 25
-0.7%
-49.1%
Q4 24
15.1%
25.3%
Q3 24
17.9%
5.2%
Q2 24
14.1%
-0.2%
Q1 24
9.5%
9.7%
Net Margin
ECVT
ECVT
SRPT
SRPT
Q4 25
-111.5%
Q3 25
-38.7%
-13.7%
Q2 25
3.4%
38.4%
Q1 25
-2.5%
-73.2%
Q4 24
24.9%
Q3 24
9.3%
7.8%
Q2 24
5.4%
1.8%
Q1 24
0.9%
10.0%
EPS (diluted)
ECVT
ECVT
SRPT
SRPT
Q4 25
$0.06
$-3.92
Q3 25
$-0.69
$-0.50
Q2 25
$0.05
$1.89
Q1 25
$-0.03
$-4.60
Q4 24
$-0.26
$1.56
Q3 24
$0.12
$0.34
Q2 24
$0.07
$0.07
Q1 24
$0.01
$0.37

Balance Sheet & Financial Strength

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

Metric
ECVT
ECVT
SRPT
SRPT
Cash + ST InvestmentsLiquidity on hand
$197.2M
$939.6M
Total DebtLower is stronger
$392.6M
$829.0M
Stockholders' EquityBook value
$603.4M
$1.1B
Total Assets
$1.3B
$3.3B
Debt / EquityLower = less leverage
0.65×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECVT
ECVT
SRPT
SRPT
Q4 25
$197.2M
$939.6M
Q3 25
$82.0M
$851.0M
Q2 25
$69.6M
$800.1M
Q1 25
$127.5M
$522.8M
Q4 24
$131.4M
$1.4B
Q3 24
$123.5M
$1.2B
Q2 24
$83.3M
$1.5B
Q1 24
$103.1M
$1.4B
Total Debt
ECVT
ECVT
SRPT
SRPT
Q4 25
$392.6M
$829.0M
Q3 25
$854.8M
$140.5M
Q2 25
$856.6M
Q1 25
$859.0M
Q4 24
$860.8M
$1.1B
Q3 24
$862.7M
$1.2B
Q2 24
$862.4M
$1.2B
Q1 24
$866.2M
$1.2B
Stockholders' Equity
ECVT
ECVT
SRPT
SRPT
Q4 25
$603.4M
$1.1B
Q3 25
$607.9M
$1.3B
Q2 25
$692.4M
$1.4B
Q1 25
$698.7M
$1.1B
Q4 24
$700.5M
$1.5B
Q3 24
$729.4M
$1.2B
Q2 24
$717.3M
$1.1B
Q1 24
$711.4M
$961.2M
Total Assets
ECVT
ECVT
SRPT
SRPT
Q4 25
$1.3B
$3.3B
Q3 25
$1.7B
$3.5B
Q2 25
$1.8B
$3.7B
Q1 25
$1.8B
$3.5B
Q4 24
$1.8B
$4.0B
Q3 24
$1.8B
$3.6B
Q2 24
$1.8B
$3.4B
Q1 24
$1.8B
$3.2B
Debt / Equity
ECVT
ECVT
SRPT
SRPT
Q4 25
0.65×
0.73×
Q3 25
1.41×
0.11×
Q2 25
1.24×
Q1 25
1.23×
Q4 24
1.23×
0.74×
Q3 24
1.18×
1.01×
Q2 24
1.20×
1.14×
Q1 24
1.22×
1.29×

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
SRPT
SRPT
Operating Cash FlowLast quarter
$41.8M
$131.2M
Free Cash FlowOCF − Capex
$22.9M
$127.6M
FCF MarginFCF / Revenue
11.5%
34.5%
Capex IntensityCapex / Revenue
9.4%
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.9M
$-307.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECVT
ECVT
SRPT
SRPT
Q4 25
$41.8M
$131.2M
Q3 25
$55.3M
$-14.6M
Q2 25
$33.0M
$261.3M
Q1 25
$10.3M
$-583.4M
Q4 24
$43.5M
$92.0M
Q3 24
$59.9M
$-70.7M
Q2 24
$10.0M
$14.9M
Q1 24
$36.5M
$-242.1M
Free Cash Flow
ECVT
ECVT
SRPT
SRPT
Q4 25
$22.9M
$127.6M
Q3 25
$53.2M
$-37.5M
Q2 25
$7.8M
$229.5M
Q1 25
$-14.0M
$-627.1M
Q4 24
$30.9M
$54.0M
Q3 24
$53.6M
$-108.0M
Q2 24
$-9.3M
$-14.2M
Q1 24
$19.1M
$-274.5M
FCF Margin
ECVT
ECVT
SRPT
SRPT
Q4 25
11.5%
34.5%
Q3 25
26.0%
-10.1%
Q2 25
4.4%
44.7%
Q1 25
-9.8%
-102.5%
Q4 24
20.7%
8.5%
Q3 24
34.9%
-25.1%
Q2 24
-6.1%
-3.9%
Q1 24
13.5%
-76.4%
Capex Intensity
ECVT
ECVT
SRPT
SRPT
Q4 25
9.4%
1.0%
Q3 25
1.0%
6.2%
Q2 25
14.4%
6.2%
Q1 25
16.9%
7.1%
Q4 24
8.5%
6.0%
Q3 24
4.1%
8.7%
Q2 24
12.5%
8.1%
Q1 24
12.3%
9.0%
Cash Conversion
ECVT
ECVT
SRPT
SRPT
Q4 25
Q3 25
Q2 25
5.52×
1.33×
Q1 25
Q4 24
0.58×
Q3 24
4.21×
-2.10×
Q2 24
1.20×
2.31×
Q1 24
29.90×
-6.70×

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%

SRPT
SRPT

Pmo Products$202.5M55%
Elevidys$110.4M30%
Other$56.7M15%

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