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Side-by-side financial comparison of Ecovyst Inc. (ECVT) and TRIMAS CORP (TRS). Click either name above to swap in a different company.

TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $199.4M, roughly 1.3× Ecovyst Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 3.8%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $22.9M). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% CAGR vs 3.3%).

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.

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

ECVT vs TRS — Head-to-Head

Bigger by revenue
TRS
TRS
1.3× larger
TRS
$256.5M
$199.4M
ECVT
Growing faster (revenue YoY)
ECVT
ECVT
+30.1% gap
ECVT
34.0%
3.8%
TRS
More free cash flow
TRS
TRS
$13.9M more FCF
TRS
$36.8M
$22.9M
ECVT
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
3.3%
TRS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ECVT
ECVT
TRS
TRS
Revenue
$199.4M
$256.5M
Net Profit
$81.7M
Gross Margin
23.4%
12.8%
Operating Margin
10.9%
5.7%
Net Margin
31.9%
Revenue YoY
34.0%
3.8%
Net Profit YoY
236.9%
EPS (diluted)
$0.06
$2.03

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
TRS
TRS
Q1 26
$256.5M
Q4 25
$199.4M
$-140.0M
Q3 25
$204.9M
$269.3M
Q2 25
$176.1M
$274.8M
Q1 25
$143.1M
$241.7M
Q4 24
$148.9M
$-66.2M
Q3 24
$153.9M
$229.4M
Q2 24
$154.0M
$240.5M
Net Profit
ECVT
ECVT
TRS
TRS
Q1 26
$81.7M
Q4 25
$81.7M
Q3 25
$-79.3M
$9.3M
Q2 25
$6.0M
$16.7M
Q1 25
$-3.6M
$12.4M
Q4 24
$5.6M
Q3 24
$14.3M
$2.5M
Q2 24
$8.3M
$10.9M
Gross Margin
ECVT
ECVT
TRS
TRS
Q1 26
12.8%
Q4 25
23.4%
Q3 25
25.4%
12.8%
Q2 25
22.8%
13.8%
Q1 25
13.3%
13.6%
Q4 24
28.9%
Q3 24
29.3%
15.4%
Q2 24
27.3%
14.4%
Operating Margin
ECVT
ECVT
TRS
TRS
Q1 26
5.7%
Q4 25
10.9%
Q3 25
13.8%
6.2%
Q2 25
9.0%
9.9%
Q1 25
-0.7%
9.0%
Q4 24
15.1%
Q3 24
17.9%
3.6%
Q2 24
14.1%
7.4%
Net Margin
ECVT
ECVT
TRS
TRS
Q1 26
31.9%
Q4 25
-58.4%
Q3 25
-38.7%
3.5%
Q2 25
3.4%
6.1%
Q1 25
-2.5%
5.1%
Q4 24
-8.5%
Q3 24
9.3%
1.1%
Q2 24
5.4%
4.5%
EPS (diluted)
ECVT
ECVT
TRS
TRS
Q1 26
$2.03
Q4 25
$0.06
$2.01
Q3 25
$-0.69
$0.23
Q2 25
$0.05
$0.41
Q1 25
$-0.03
$0.30
Q4 24
$-0.26
$0.14
Q3 24
$0.12
$0.06
Q2 24
$0.07
$0.27

Balance Sheet & Financial Strength

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

Metric
ECVT
ECVT
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$197.2M
$30.0M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$603.4M
$705.6M
Total Assets
$1.3B
$1.5B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECVT
ECVT
TRS
TRS
Q1 26
$30.0M
Q4 25
$197.2M
$30.0M
Q3 25
$82.0M
$33.6M
Q2 25
$69.6M
$30.3M
Q1 25
$127.5M
$32.7M
Q4 24
$131.4M
$23.1M
Q3 24
$123.5M
$26.9M
Q2 24
$83.3M
$35.0M
Total Debt
ECVT
ECVT
TRS
TRS
Q1 26
Q4 25
$392.6M
$469.2M
Q3 25
$854.8M
$407.1M
Q2 25
$856.6M
$424.5M
Q1 25
$859.0M
$434.2M
Q4 24
$860.8M
$398.1M
Q3 24
$862.7M
$409.9M
Q2 24
$862.4M
$427.4M
Stockholders' Equity
ECVT
ECVT
TRS
TRS
Q1 26
$705.6M
Q4 25
$603.4M
$705.6M
Q3 25
$607.9M
$725.0M
Q2 25
$692.4M
$715.3M
Q1 25
$698.7M
$686.6M
Q4 24
$700.5M
$667.3M
Q3 24
$729.4M
$682.8M
Q2 24
$717.3M
$675.9M
Total Assets
ECVT
ECVT
TRS
TRS
Q1 26
$1.5B
Q4 25
$1.3B
$1.5B
Q3 25
$1.7B
$1.4B
Q2 25
$1.8B
$1.4B
Q1 25
$1.8B
$1.4B
Q4 24
$1.8B
$1.3B
Q3 24
$1.8B
$1.4B
Q2 24
$1.8B
$1.4B
Debt / Equity
ECVT
ECVT
TRS
TRS
Q1 26
Q4 25
0.65×
0.66×
Q3 25
1.41×
0.56×
Q2 25
1.24×
0.59×
Q1 25
1.23×
0.63×
Q4 24
1.23×
0.60×
Q3 24
1.18×
0.60×
Q2 24
1.20×
0.63×

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
TRS
TRS
Operating Cash FlowLast quarter
$41.8M
$117.5M
Free Cash FlowOCF − Capex
$22.9M
$36.8M
FCF MarginFCF / Revenue
11.5%
14.4%
Capex IntensityCapex / Revenue
9.4%
18.9%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters
$69.9M
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECVT
ECVT
TRS
TRS
Q1 26
$117.5M
Q4 25
$41.8M
$41.5M
Q3 25
$55.3M
$36.5M
Q2 25
$33.0M
$30.3M
Q1 25
$10.3M
$9.2M
Q4 24
$43.5M
$27.1M
Q3 24
$59.9M
$22.0M
Q2 24
$10.0M
$18.4M
Free Cash Flow
ECVT
ECVT
TRS
TRS
Q1 26
$36.8M
Q4 25
$22.9M
$36.8M
Q3 25
$53.2M
$22.8M
Q2 25
$7.8M
$13.2M
Q1 25
$-14.0M
$-3.8M
Q4 24
$30.9M
$12.1M
Q3 24
$53.6M
$10.2M
Q2 24
$-9.3M
$7.5M
FCF Margin
ECVT
ECVT
TRS
TRS
Q1 26
14.4%
Q4 25
11.5%
-26.3%
Q3 25
26.0%
8.5%
Q2 25
4.4%
4.8%
Q1 25
-9.8%
-1.6%
Q4 24
20.7%
-18.3%
Q3 24
34.9%
4.4%
Q2 24
-6.1%
3.1%
Capex Intensity
ECVT
ECVT
TRS
TRS
Q1 26
18.9%
Q4 25
9.4%
-3.4%
Q3 25
1.0%
5.1%
Q2 25
14.4%
6.2%
Q1 25
16.9%
5.4%
Q4 24
8.5%
-22.6%
Q3 24
4.1%
5.2%
Q2 24
12.5%
4.5%
Cash Conversion
ECVT
ECVT
TRS
TRS
Q1 26
1.44×
Q4 25
0.51×
Q3 25
3.92×
Q2 25
5.52×
1.81×
Q1 25
0.74×
Q4 24
4.80×
Q3 24
4.21×
8.71×
Q2 24
1.20×
1.68×

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%

TRS
TRS

Segment breakdown not available.

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