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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and Ingevity Corp (NGVT). Click either name above to swap in a different company.

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $120.4M, roughly 1.5× Hippo Holdings Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -45.6%, a 50.6% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 18.2%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $9.1M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -26.2%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

Ingevity Corp is a global specialty chemicals and advanced materials manufacturer. It produces high-performance carbon materials, pavement preservation solutions, and specialty chemicals, serving automotive emissions control, industrial purification, road infrastructure, and agricultural input markets across North America, Europe, and Asia Pacific.

HIPO vs NGVT — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.5× larger
NGVT
$185.4M
$120.4M
HIPO
Growing faster (revenue YoY)
NGVT
NGVT
+18.6% gap
NGVT
36.7%
18.2%
HIPO
Higher net margin
HIPO
HIPO
50.6% more per $
HIPO
5.0%
-45.6%
NGVT
More free cash flow
NGVT
NGVT
$64.4M more FCF
NGVT
$73.5M
$9.1M
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
NGVT
NGVT
Revenue
$120.4M
$185.4M
Net Profit
$6.0M
$-84.6M
Gross Margin
41.2%
Operating Margin
5.6%
-47.7%
Net Margin
5.0%
-45.6%
Revenue YoY
18.2%
36.7%
Net Profit YoY
-86.4%
-609.6%
EPS (diluted)
$0.31
$-2.33

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
HIPO
HIPO
NGVT
NGVT
Q4 25
$120.4M
$185.4M
Q3 25
$120.6M
$333.1M
Q2 25
$117.3M
$365.1M
Q1 25
$110.3M
$284.0M
Q4 24
$101.9M
$135.6M
Q3 24
$95.5M
$333.8M
Q2 24
$89.6M
$390.6M
Q1 24
$85.1M
$340.1M
Net Profit
HIPO
HIPO
NGVT
NGVT
Q4 25
$6.0M
$-84.6M
Q3 25
$98.1M
$43.5M
Q2 25
$1.3M
$-146.5M
Q1 25
$-47.7M
$20.5M
Q4 24
$44.2M
$16.6M
Q3 24
$-8.5M
$-107.2M
Q2 24
$-40.5M
$-283.7M
Q1 24
$-35.7M
$-56.0M
Gross Margin
HIPO
HIPO
NGVT
NGVT
Q4 25
41.2%
Q3 25
40.2%
Q2 25
37.8%
Q1 25
39.9%
Q4 24
81.3%
Q3 24
39.4%
Q2 24
31.5%
Q1 24
29.3%
Operating Margin
HIPO
HIPO
NGVT
NGVT
Q4 25
5.6%
-47.7%
Q3 25
81.3%
18.7%
Q2 25
3.4%
-39.1%
Q1 25
-41.3%
9.4%
Q4 24
46.3%
Q3 24
-5.4%
33.0%
Q2 24
-40.7%
25.9%
Q1 24
-38.7%
22.6%
Net Margin
HIPO
HIPO
NGVT
NGVT
Q4 25
5.0%
-45.6%
Q3 25
81.3%
13.1%
Q2 25
1.1%
-40.1%
Q1 25
-43.2%
7.2%
Q4 24
43.4%
12.2%
Q3 24
-8.9%
-32.1%
Q2 24
-45.2%
-72.6%
Q1 24
-42.0%
-16.5%
EPS (diluted)
HIPO
HIPO
NGVT
NGVT
Q4 25
$0.31
$-2.33
Q3 25
$3.77
$1.18
Q2 25
$0.05
$-4.02
Q1 25
$-1.91
$0.56
Q4 24
$1.81
$0.44
Q3 24
$-0.34
$-2.94
Q2 24
$-1.64
$-7.81
Q1 24
$-1.47
$-1.54

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
NGVT
NGVT
Cash + ST InvestmentsLiquidity on hand
$218.3M
$78.1M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$436.1M
$29.7M
Total Assets
$1.9B
$1.7B
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
NGVT
NGVT
Q4 25
$218.3M
$78.1M
Q3 25
$247.7M
$83.4M
Q2 25
$198.9M
$76.9M
Q1 25
$140.9M
$71.5M
Q4 24
$197.6M
$68.0M
Q3 24
$191.2M
$135.5M
Q2 24
$175.9M
$107.4M
Q1 24
$223.4M
$88.5M
Total Debt
HIPO
HIPO
NGVT
NGVT
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
HIPO
HIPO
NGVT
NGVT
Q4 25
$436.1M
$29.7M
Q3 25
$421.5M
$138.1M
Q2 25
$332.5M
$120.7M
Q1 25
$322.8M
$234.6M
Q4 24
$362.1M
$195.2M
Q3 24
$326.4M
$214.5M
Q2 24
$322.6M
$284.8M
Q1 24
$351.2M
$568.2M
Total Assets
HIPO
HIPO
NGVT
NGVT
Q4 25
$1.9B
$1.7B
Q3 25
$1.9B
$1.8B
Q2 25
$1.7B
$1.9B
Q1 25
$1.5B
$2.1B
Q4 24
$1.5B
$2.0B
Q3 24
$1.5B
$2.2B
Q2 24
$1.5B
$2.3B
Q1 24
$1.5B
$2.6B
Debt / Equity
HIPO
HIPO
NGVT
NGVT
Q4 25
39.10×
Q3 25
8.39×
Q2 25
10.24×
Q1 25
5.68×
Q4 24
6.86×
Q3 24
6.52×
Q2 24
4.92×
Q1 24
2.48×

Cash Flow & Capital Efficiency

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

Metric
HIPO
HIPO
NGVT
NGVT
Operating Cash FlowLast quarter
$9.2M
$97.1M
Free Cash FlowOCF − Capex
$9.1M
$73.5M
FCF MarginFCF / Revenue
7.6%
39.6%
Capex IntensityCapex / Revenue
0.1%
12.7%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
NGVT
NGVT
Q4 25
$9.2M
$97.1M
Q3 25
$16.9M
$129.7M
Q2 25
$24.7M
$79.0M
Q1 25
$-35.6M
$25.4M
Q4 24
$47.5M
$64.5M
Q3 24
$46.8M
$46.5M
Q2 24
$-10.6M
$29.7M
Q1 24
$17.7M
$-12.1M
Free Cash Flow
HIPO
HIPO
NGVT
NGVT
Q4 25
$9.1M
$73.5M
Q3 25
$16.8M
$117.8M
Q2 25
$24.6M
$66.8M
Q1 25
$-35.7M
$15.4M
Q4 24
$47.2M
$39.6M
Q3 24
$28.5M
Q2 24
$-10.7M
$11.6M
Q1 24
$17.6M
$-28.7M
FCF Margin
HIPO
HIPO
NGVT
NGVT
Q4 25
7.6%
39.6%
Q3 25
13.9%
35.4%
Q2 25
21.0%
18.3%
Q1 25
-32.4%
5.4%
Q4 24
46.3%
29.2%
Q3 24
8.5%
Q2 24
-11.9%
3.0%
Q1 24
20.7%
-8.4%
Capex Intensity
HIPO
HIPO
NGVT
NGVT
Q4 25
0.1%
12.7%
Q3 25
0.1%
3.6%
Q2 25
0.1%
3.3%
Q1 25
0.1%
3.5%
Q4 24
0.3%
18.4%
Q3 24
0.0%
5.4%
Q2 24
0.1%
4.6%
Q1 24
0.1%
4.9%
Cash Conversion
HIPO
HIPO
NGVT
NGVT
Q4 25
1.53×
Q3 25
0.17×
2.98×
Q2 25
19.00×
Q1 25
1.24×
Q4 24
1.07×
3.89×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HIPO
HIPO

Segment breakdown not available.

NGVT
NGVT

Performance Materials$151.2M82%
Advanced Polymer Technologies Segment$36.5M20%

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