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Side-by-side financial comparison of INNOSPEC INC. (IOSP) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Voya Financial, Inc. is the larger business by last-quarter revenue ($2.0B vs $453.2M, roughly 4.5× INNOSPEC INC.). Voya Financial, Inc. runs the higher net margin — 9.6% vs 6.8%, a 2.8% gap on every dollar of revenue. On growth, Voya Financial, Inc. posted the faster year-over-year revenue change (3.1% vs 2.8%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (96.1% CAGR vs 2.1%).

Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is an American specialty chemical company. It comprises three business units:The Performance Chemicals business trades in the personal care, home care, agrochemical, mining and industrial markets. The Fuel Specialties business specializes in manufacturing and supplying fuel additives. The Oilfield Services business supplies drilling, completion and production chemicals.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

IOSP vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
4.5× larger
VOYA
$2.0B
$453.2M
IOSP
Growing faster (revenue YoY)
VOYA
VOYA
+0.3% gap
VOYA
3.1%
2.8%
IOSP
Higher net margin
VOYA
VOYA
2.8% more per $
VOYA
9.6%
6.8%
IOSP
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
96.1%
2.1%
IOSP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IOSP
IOSP
VOYA
VOYA
Revenue
$453.2M
$2.0B
Net Profit
$30.8M
$195.0M
Gross Margin
27.3%
Operating Margin
8.1%
Net Margin
6.8%
9.6%
Revenue YoY
2.8%
3.1%
Net Profit YoY
-8.3%
29.1%
EPS (diluted)
$1.22
$1.75

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
IOSP
IOSP
VOYA
VOYA
Q1 26
$453.2M
$2.0B
Q4 25
$455.6M
$603.0M
Q3 25
$441.9M
$572.0M
Q2 25
$439.7M
$542.0M
Q1 25
$440.8M
$538.0M
Q4 24
$466.8M
$561.0M
Q3 24
$443.4M
$542.0M
Q2 24
$435.0M
$528.0M
Net Profit
IOSP
IOSP
VOYA
VOYA
Q1 26
$30.8M
$195.0M
Q4 25
$47.4M
$140.0M
Q3 25
$12.9M
$192.0M
Q2 25
$23.5M
$166.0M
Q1 25
$32.8M
$156.0M
Q4 24
$-70.4M
$97.0M
Q3 24
$33.4M
$114.0M
Q2 24
$31.2M
$205.0M
Gross Margin
IOSP
IOSP
VOYA
VOYA
Q1 26
27.3%
Q4 25
28.0%
Q3 25
26.4%
Q2 25
28.0%
Q1 25
28.4%
Q4 24
29.2%
Q3 24
28.0%
Q2 24
29.2%
Operating Margin
IOSP
IOSP
VOYA
VOYA
Q1 26
8.1%
Q4 25
10.3%
28.0%
Q3 25
1.3%
53.7%
Q2 25
7.8%
34.7%
Q1 25
9.6%
32.2%
Q4 24
8.8%
21.4%
Q3 24
10.3%
21.4%
Q2 24
9.4%
52.3%
Net Margin
IOSP
IOSP
VOYA
VOYA
Q1 26
6.8%
9.6%
Q4 25
10.4%
23.2%
Q3 25
2.9%
33.6%
Q2 25
5.3%
30.6%
Q1 25
7.4%
29.0%
Q4 24
-15.1%
17.3%
Q3 24
7.5%
21.0%
Q2 24
7.2%
38.8%
EPS (diluted)
IOSP
IOSP
VOYA
VOYA
Q1 26
$1.22
$1.75
Q4 25
$1.90
$1.41
Q3 25
$0.52
$1.80
Q2 25
$0.94
$1.66
Q1 25
$1.31
$1.42
Q4 24
$-2.80
$0.99
Q3 24
$1.33
$0.98
Q2 24
$1.24
$1.96

Balance Sheet & Financial Strength

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

Metric
IOSP
IOSP
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$289.1M
$969.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$1.4B
$6.5B
Total Assets
$1.8B
$173.4B
Debt / EquityLower = less leverage
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOSP
IOSP
VOYA
VOYA
Q1 26
$289.1M
$969.0M
Q4 25
$292.5M
Q3 25
$270.8M
Q2 25
$266.6M
Q1 25
$299.8M
Q4 24
$289.2M
Q3 24
$303.8M
Q2 24
$240.2M
Total Debt
IOSP
IOSP
VOYA
VOYA
Q1 26
$2.5B
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.1B
Stockholders' Equity
IOSP
IOSP
VOYA
VOYA
Q1 26
$1.4B
$6.5B
Q4 25
$1.3B
$5.0B
Q3 25
$1.3B
$5.0B
Q2 25
$1.3B
$4.6B
Q1 25
$1.3B
$4.4B
Q4 24
$1.2B
$4.0B
Q3 24
$1.2B
$4.7B
Q2 24
$1.2B
$4.0B
Total Assets
IOSP
IOSP
VOYA
VOYA
Q1 26
$1.8B
$173.4B
Q4 25
$1.8B
$178.9B
Q3 25
$1.8B
$177.4B
Q2 25
$1.8B
$172.4B
Q1 25
$1.8B
$163.9B
Q4 24
$1.7B
$163.9B
Q3 24
$1.8B
$166.9B
Q2 24
$1.7B
$161.3B
Debt / Equity
IOSP
IOSP
VOYA
VOYA
Q1 26
0.39×
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.45×
Q1 25
0.48×
Q4 24
0.62×
Q3 24
0.53×
Q2 24
0.52×

Cash Flow & Capital Efficiency

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

Metric
IOSP
IOSP
VOYA
VOYA
Operating Cash FlowLast quarter
$17.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
0.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOSP
IOSP
VOYA
VOYA
Q1 26
$17.6M
Q4 25
$61.4M
$557.0M
Q3 25
$39.3M
$168.0M
Q2 25
$9.3M
$742.0M
Q1 25
$28.3M
$-179.0M
Q4 24
$25.7M
$79.0M
Q3 24
$73.5M
$719.0M
Q2 24
$4.7M
$316.0M
Free Cash Flow
IOSP
IOSP
VOYA
VOYA
Q1 26
Q4 25
$46.8M
Q3 25
$25.0M
Q2 25
$-3.7M
Q1 25
$19.9M
Q4 24
$13.6M
Q3 24
$65.8M
Q2 24
$-6.2M
FCF Margin
IOSP
IOSP
VOYA
VOYA
Q1 26
Q4 25
10.3%
Q3 25
5.7%
Q2 25
-0.8%
Q1 25
4.5%
Q4 24
2.9%
Q3 24
14.8%
Q2 24
-1.4%
Capex Intensity
IOSP
IOSP
VOYA
VOYA
Q1 26
2.0%
Q4 25
3.2%
Q3 25
3.2%
Q2 25
3.0%
Q1 25
1.9%
Q4 24
2.6%
Q3 24
1.7%
Q2 24
2.5%
Cash Conversion
IOSP
IOSP
VOYA
VOYA
Q1 26
0.57×
Q4 25
1.30×
3.98×
Q3 25
3.05×
0.88×
Q2 25
0.40×
4.47×
Q1 25
0.86×
-1.15×
Q4 24
0.81×
Q3 24
2.20×
6.31×
Q2 24
0.15×
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IOSP
IOSP

Segment breakdown not available.

VOYA
VOYA

Premiums$744.0M37%
Fee income$604.0M30%
Other$574.0M28%
Other revenues$109.0M5%

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