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Side-by-side financial comparison of N-able, Inc. (NABL) 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 $130.3M, roughly 1.4× N-able, Inc.). On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 11.8%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $20.9M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs -26.2%).

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

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.

NABL vs NGVT — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.4× larger
NGVT
$185.4M
$130.3M
NABL
Growing faster (revenue YoY)
NGVT
NGVT
+24.9% gap
NGVT
36.7%
11.8%
NABL
More free cash flow
NGVT
NGVT
$52.6M more FCF
NGVT
$73.5M
$20.9M
NABL
Faster 2-yr revenue CAGR
NABL
NABL
Annualised
NABL
7.0%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NABL
NABL
NGVT
NGVT
Revenue
$130.3M
$185.4M
Net Profit
$-84.6M
Gross Margin
76.2%
41.2%
Operating Margin
10.2%
-47.7%
Net Margin
-45.6%
Revenue YoY
11.8%
36.7%
Net Profit YoY
-609.6%
EPS (diluted)
$-0.04
$-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
NABL
NABL
NGVT
NGVT
Q4 25
$130.3M
$185.4M
Q3 25
$131.7M
$333.1M
Q2 25
$131.2M
$365.1M
Q1 25
$118.2M
$284.0M
Q4 24
$116.5M
$135.6M
Q3 24
$116.4M
$333.8M
Q2 24
$119.4M
$390.6M
Q1 24
$113.7M
$340.1M
Net Profit
NABL
NABL
NGVT
NGVT
Q4 25
$-84.6M
Q3 25
$1.4M
$43.5M
Q2 25
$-4.0M
$-146.5M
Q1 25
$-7.2M
$20.5M
Q4 24
$16.6M
Q3 24
$10.8M
$-107.2M
Q2 24
$9.5M
$-283.7M
Q1 24
$7.5M
$-56.0M
Gross Margin
NABL
NABL
NGVT
NGVT
Q4 25
76.2%
41.2%
Q3 25
77.5%
40.2%
Q2 25
78.1%
37.8%
Q1 25
76.6%
39.9%
Q4 24
80.0%
81.3%
Q3 24
82.9%
39.4%
Q2 24
84.0%
31.5%
Q1 24
83.9%
29.3%
Operating Margin
NABL
NABL
NGVT
NGVT
Q4 25
10.2%
-47.7%
Q3 25
8.8%
18.7%
Q2 25
7.7%
-39.1%
Q1 25
1.5%
9.4%
Q4 24
13.7%
Q3 24
20.5%
33.0%
Q2 24
18.4%
25.9%
Q1 24
18.0%
22.6%
Net Margin
NABL
NABL
NGVT
NGVT
Q4 25
-45.6%
Q3 25
1.1%
13.1%
Q2 25
-3.1%
-40.1%
Q1 25
-6.1%
7.2%
Q4 24
12.2%
Q3 24
9.2%
-32.1%
Q2 24
7.9%
-72.6%
Q1 24
6.6%
-16.5%
EPS (diluted)
NABL
NABL
NGVT
NGVT
Q4 25
$-0.04
$-2.33
Q3 25
$0.01
$1.18
Q2 25
$-0.02
$-4.02
Q1 25
$-0.04
$0.56
Q4 24
$0.01
$0.44
Q3 24
$0.06
$-2.94
Q2 24
$0.05
$-7.81
Q1 24
$0.04
$-1.54

Balance Sheet & Financial Strength

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

Metric
NABL
NABL
NGVT
NGVT
Cash + ST InvestmentsLiquidity on hand
$111.8M
$78.1M
Total DebtLower is stronger
$393.9M
$1.2B
Stockholders' EquityBook value
$804.7M
$29.7M
Total Assets
$1.4B
$1.7B
Debt / EquityLower = less leverage
0.49×
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
NGVT
NGVT
Q4 25
$111.8M
$78.1M
Q3 25
$101.4M
$83.4M
Q2 25
$93.9M
$76.9M
Q1 25
$94.1M
$71.5M
Q4 24
$85.2M
$68.0M
Q3 24
$174.4M
$135.5M
Q2 24
$157.5M
$107.4M
Q1 24
$139.2M
$88.5M
Total Debt
NABL
NABL
NGVT
NGVT
Q4 25
$393.9M
$1.2B
Q3 25
$331.7M
$1.2B
Q2 25
$332.1M
$1.2B
Q1 25
$332.6M
$1.3B
Q4 24
$333.1M
$1.3B
Q3 24
$333.6M
$1.4B
Q2 24
$334.1M
$1.4B
Q1 24
$334.5M
$1.4B
Stockholders' Equity
NABL
NABL
NGVT
NGVT
Q4 25
$804.7M
$29.7M
Q3 25
$813.4M
$138.1M
Q2 25
$809.4M
$120.7M
Q1 25
$775.1M
$234.6M
Q4 24
$759.3M
$195.2M
Q3 24
$765.0M
$214.5M
Q2 24
$724.4M
$284.8M
Q1 24
$709.1M
$568.2M
Total Assets
NABL
NABL
NGVT
NGVT
Q4 25
$1.4B
$1.7B
Q3 25
$1.4B
$1.8B
Q2 25
$1.4B
$1.9B
Q1 25
$1.4B
$2.1B
Q4 24
$1.3B
$2.0B
Q3 24
$1.2B
$2.2B
Q2 24
$1.2B
$2.3B
Q1 24
$1.1B
$2.6B
Debt / Equity
NABL
NABL
NGVT
NGVT
Q4 25
0.49×
39.10×
Q3 25
0.41×
8.39×
Q2 25
0.41×
10.24×
Q1 25
0.43×
5.68×
Q4 24
0.44×
6.86×
Q3 24
0.44×
6.52×
Q2 24
0.46×
4.92×
Q1 24
0.47×
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
NABL
NABL
NGVT
NGVT
Operating Cash FlowLast quarter
$25.3M
$97.1M
Free Cash FlowOCF − Capex
$20.9M
$73.5M
FCF MarginFCF / Revenue
16.0%
39.6%
Capex IntensityCapex / Revenue
3.4%
12.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
NGVT
NGVT
Q4 25
$25.3M
$97.1M
Q3 25
$24.0M
$129.7M
Q2 25
$24.2M
$79.0M
Q1 25
$19.7M
$25.4M
Q4 24
$26.0M
$64.5M
Q3 24
$22.0M
$46.5M
Q2 24
$27.3M
$29.7M
Q1 24
$4.2M
$-12.1M
Free Cash Flow
NABL
NABL
NGVT
NGVT
Q4 25
$20.9M
$73.5M
Q3 25
$17.4M
$117.8M
Q2 25
$20.4M
$66.8M
Q1 25
$16.4M
$15.4M
Q4 24
$18.8M
$39.6M
Q3 24
$18.2M
$28.5M
Q2 24
$24.0M
$11.6M
Q1 24
$746.0K
$-28.7M
FCF Margin
NABL
NABL
NGVT
NGVT
Q4 25
16.0%
39.6%
Q3 25
13.2%
35.4%
Q2 25
15.5%
18.3%
Q1 25
13.9%
5.4%
Q4 24
16.2%
29.2%
Q3 24
15.7%
8.5%
Q2 24
20.1%
3.0%
Q1 24
0.7%
-8.4%
Capex Intensity
NABL
NABL
NGVT
NGVT
Q4 25
3.4%
12.7%
Q3 25
5.0%
3.6%
Q2 25
2.9%
3.3%
Q1 25
2.8%
3.5%
Q4 24
6.1%
18.4%
Q3 24
3.2%
5.4%
Q2 24
2.7%
4.6%
Q1 24
3.0%
4.9%
Cash Conversion
NABL
NABL
NGVT
NGVT
Q4 25
Q3 25
17.36×
2.98×
Q2 25
Q1 25
1.24×
Q4 24
3.89×
Q3 24
2.04×
Q2 24
2.89×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

NGVT
NGVT

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

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