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

WEBTOON Entertainment Inc. is the larger business by last-quarter revenue ($330.7M vs $199.4M, roughly 1.7× Ecovyst Inc.). Ecovyst Inc. produced more free cash flow last quarter ($22.9M vs $7.0M).

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.

Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.

ECVT vs WBTN — Head-to-Head

Bigger by revenue
WBTN
WBTN
1.7× larger
WBTN
$330.7M
$199.4M
ECVT
More free cash flow
ECVT
ECVT
$15.9M more FCF
ECVT
$22.9M
$7.0M
WBTN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECVT
ECVT
WBTN
WBTN
Revenue
$199.4M
$330.7M
Net Profit
$-307.6M
Gross Margin
23.4%
24.3%
Operating Margin
10.9%
-4.0%
Net Margin
-93.0%
Revenue YoY
34.0%
Net Profit YoY
EPS (diluted)
$0.06
$-2.37

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
WBTN
WBTN
Q4 25
$199.4M
$330.7M
Q3 25
$204.9M
$378.0M
Q2 25
$176.1M
$348.3M
Q1 25
$143.1M
$325.7M
Q4 24
$148.9M
Q3 24
$153.9M
$347.9M
Q2 24
$154.0M
$321.0M
Q1 24
$141.6M
Net Profit
ECVT
ECVT
WBTN
WBTN
Q4 25
$-307.6M
Q3 25
$-79.3M
$-11.6M
Q2 25
$6.0M
$-4.3M
Q1 25
$-3.6M
$-22.4M
Q4 24
Q3 24
$14.3M
$19.8M
Q2 24
$8.3M
$-76.9M
Q1 24
$1.2M
Gross Margin
ECVT
ECVT
WBTN
WBTN
Q4 25
23.4%
24.3%
Q3 25
25.4%
21.9%
Q2 25
22.8%
25.1%
Q1 25
13.3%
22.0%
Q4 24
28.9%
Q3 24
29.3%
26.3%
Q2 24
27.3%
25.9%
Q1 24
23.5%
Operating Margin
ECVT
ECVT
WBTN
WBTN
Q4 25
10.9%
-4.0%
Q3 25
13.8%
-3.9%
Q2 25
9.0%
-2.5%
Q1 25
-0.7%
-8.2%
Q4 24
15.1%
Q3 24
17.9%
-2.3%
Q2 24
14.1%
-24.6%
Q1 24
9.5%
Net Margin
ECVT
ECVT
WBTN
WBTN
Q4 25
-93.0%
Q3 25
-38.7%
-3.1%
Q2 25
3.4%
-1.2%
Q1 25
-2.5%
-6.9%
Q4 24
Q3 24
9.3%
5.7%
Q2 24
5.4%
-24.0%
Q1 24
0.9%
EPS (diluted)
ECVT
ECVT
WBTN
WBTN
Q4 25
$0.06
$-2.37
Q3 25
$-0.69
$-0.09
Q2 25
$0.05
$-0.03
Q1 25
$-0.03
$-0.17
Q4 24
$-0.26
Q3 24
$0.12
$0.15
Q2 24
$0.07
$-0.70
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
ECVT
ECVT
WBTN
WBTN
Cash + ST InvestmentsLiquidity on hand
$197.2M
$581.8M
Total DebtLower is stronger
$392.6M
Stockholders' EquityBook value
$603.4M
$1.2B
Total Assets
$1.3B
$1.6B
Debt / EquityLower = less leverage
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECVT
ECVT
WBTN
WBTN
Q4 25
$197.2M
$581.8M
Q3 25
$82.0M
$584.6M
Q2 25
$69.6M
$581.5M
Q1 25
$127.5M
$550.1M
Q4 24
$131.4M
Q3 24
$123.5M
$585.5M
Q2 24
$83.3M
$572.3M
Q1 24
$103.1M
Total Debt
ECVT
ECVT
WBTN
WBTN
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
Q1 24
$866.2M
Stockholders' Equity
ECVT
ECVT
WBTN
WBTN
Q4 25
$603.4M
$1.2B
Q3 25
$607.9M
$1.5B
Q2 25
$692.4M
$1.5B
Q1 25
$698.7M
$1.5B
Q4 24
$700.5M
Q3 24
$729.4M
$1.6B
Q2 24
$717.3M
$1.5B
Q1 24
$711.4M
Total Assets
ECVT
ECVT
WBTN
WBTN
Q4 25
$1.3B
$1.6B
Q3 25
$1.7B
$2.0B
Q2 25
$1.8B
$2.0B
Q1 25
$1.8B
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
$2.1B
Q2 24
$1.8B
$2.0B
Q1 24
$1.8B
Debt / Equity
ECVT
ECVT
WBTN
WBTN
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×
Q1 24
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
ECVT
ECVT
WBTN
WBTN
Operating Cash FlowLast quarter
$41.8M
$7.6M
Free Cash FlowOCF − Capex
$22.9M
$7.0M
FCF MarginFCF / Revenue
11.5%
2.1%
Capex IntensityCapex / Revenue
9.4%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.9M
$3.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECVT
ECVT
WBTN
WBTN
Q4 25
$41.8M
$7.6M
Q3 25
$55.3M
$16.5M
Q2 25
$33.0M
$5.7M
Q1 25
$10.3M
$-18.7M
Q4 24
$43.5M
Q3 24
$59.9M
$4.1M
Q2 24
$10.0M
Q1 24
$36.5M
Free Cash Flow
ECVT
ECVT
WBTN
WBTN
Q4 25
$22.9M
$7.0M
Q3 25
$53.2M
$11.8M
Q2 25
$7.8M
$3.9M
Q1 25
$-14.0M
$-19.2M
Q4 24
$30.9M
Q3 24
$53.6M
$3.5M
Q2 24
$-9.3M
Q1 24
$19.1M
FCF Margin
ECVT
ECVT
WBTN
WBTN
Q4 25
11.5%
2.1%
Q3 25
26.0%
3.1%
Q2 25
4.4%
1.1%
Q1 25
-9.8%
-5.9%
Q4 24
20.7%
Q3 24
34.9%
1.0%
Q2 24
-6.1%
Q1 24
13.5%
Capex Intensity
ECVT
ECVT
WBTN
WBTN
Q4 25
9.4%
0.2%
Q3 25
1.0%
1.2%
Q2 25
14.4%
0.5%
Q1 25
16.9%
0.2%
Q4 24
8.5%
Q3 24
4.1%
0.2%
Q2 24
12.5%
Q1 24
12.3%
Cash Conversion
ECVT
ECVT
WBTN
WBTN
Q4 25
Q3 25
Q2 25
5.52×
Q1 25
Q4 24
Q3 24
4.21×
0.21×
Q2 24
1.20×
Q1 24
29.90×

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%

WBTN
WBTN

Other$158.3M48%
KR$125.7M38%
IP Adaptations$25.4M8%
Related Party$21.3M6%

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