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Side-by-side financial comparison of Ingevity Corp (NGVT) and NETGEAR, INC. (NTGR). Click either name above to swap in a different company.

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $182.5M, roughly 1.0× NETGEAR, INC.). On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 0.0%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $13.6M). Over the past eight quarters, NETGEAR, INC.'s revenue compounded faster (5.3% CAGR vs -26.2%).

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.

Netgear, Inc., is an American computer networking company based in San Jose, California, with offices in about 22 other countries. It produces networking hardware for consumers, businesses, and service providers. The company operates in three business segments: retail, commercial, and as a service provider.

NGVT vs NTGR — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.0× larger
NGVT
$185.4M
$182.5M
NTGR
Growing faster (revenue YoY)
NGVT
NGVT
+36.7% gap
NGVT
36.7%
0.0%
NTGR
More free cash flow
NGVT
NGVT
$59.9M more FCF
NGVT
$73.5M
$13.6M
NTGR
Faster 2-yr revenue CAGR
NTGR
NTGR
Annualised
NTGR
5.3%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NGVT
NGVT
NTGR
NTGR
Revenue
$185.4M
$182.5M
Net Profit
$-84.6M
Gross Margin
41.2%
40.4%
Operating Margin
-47.7%
-2.6%
Net Margin
-45.6%
Revenue YoY
36.7%
0.0%
Net Profit YoY
-609.6%
EPS (diluted)
$-2.33
$-0.03

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
NGVT
NGVT
NTGR
NTGR
Q4 25
$185.4M
$182.5M
Q3 25
$333.1M
$184.6M
Q2 25
$365.1M
$170.5M
Q1 25
$284.0M
$162.1M
Q4 24
$135.6M
$182.4M
Q3 24
$333.8M
$182.9M
Q2 24
$390.6M
$143.9M
Q1 24
$340.1M
$164.6M
Net Profit
NGVT
NGVT
NTGR
NTGR
Q4 25
$-84.6M
Q3 25
$43.5M
$-4.8M
Q2 25
$-146.5M
$-6.4M
Q1 25
$20.5M
$-6.0M
Q4 24
$16.6M
$-8.9M
Q3 24
$-107.2M
$85.1M
Q2 24
$-283.7M
$-45.2M
Q1 24
$-56.0M
$-18.6M
Gross Margin
NGVT
NGVT
NTGR
NTGR
Q4 25
41.2%
40.4%
Q3 25
40.2%
39.1%
Q2 25
37.8%
37.5%
Q1 25
39.9%
34.8%
Q4 24
81.3%
32.6%
Q3 24
39.4%
30.9%
Q2 24
31.5%
22.1%
Q1 24
29.3%
29.3%
Operating Margin
NGVT
NGVT
NTGR
NTGR
Q4 25
-47.7%
-2.6%
Q3 25
18.7%
-3.8%
Q2 25
-39.1%
-5.6%
Q1 25
9.4%
-7.9%
Q4 24
-8.3%
Q3 24
33.0%
52.4%
Q2 24
25.9%
-32.6%
Q1 24
22.6%
-13.2%
Net Margin
NGVT
NGVT
NTGR
NTGR
Q4 25
-45.6%
Q3 25
13.1%
-2.6%
Q2 25
-40.1%
-3.8%
Q1 25
7.2%
-3.7%
Q4 24
12.2%
-4.9%
Q3 24
-32.1%
46.5%
Q2 24
-72.6%
-31.4%
Q1 24
-16.5%
-11.3%
EPS (diluted)
NGVT
NGVT
NTGR
NTGR
Q4 25
$-2.33
$-0.03
Q3 25
$1.18
$-0.17
Q2 25
$-4.02
$-0.22
Q1 25
$0.56
$-0.21
Q4 24
$0.44
$-0.29
Q3 24
$-2.94
$2.90
Q2 24
$-7.81
$-1.56
Q1 24
$-1.54
$-0.63

Balance Sheet & Financial Strength

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

Metric
NGVT
NGVT
NTGR
NTGR
Cash + ST InvestmentsLiquidity on hand
$78.1M
$323.0M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$29.7M
$497.8M
Total Assets
$1.7B
$836.3M
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVT
NGVT
NTGR
NTGR
Q4 25
$78.1M
$323.0M
Q3 25
$83.4M
$326.4M
Q2 25
$76.9M
$363.5M
Q1 25
$71.5M
$391.9M
Q4 24
$68.0M
$408.7M
Q3 24
$135.5M
$395.7M
Q2 24
$107.4M
$294.3M
Q1 24
$88.5M
$289.4M
Total Debt
NGVT
NGVT
NTGR
NTGR
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
NGVT
NGVT
NTGR
NTGR
Q4 25
$29.7M
$497.8M
Q3 25
$138.1M
$506.8M
Q2 25
$120.7M
$523.2M
Q1 25
$234.6M
$534.2M
Q4 24
$195.2M
$541.1M
Q3 24
$214.5M
$550.3M
Q2 24
$284.8M
$459.4M
Q1 24
$568.2M
$511.4M
Total Assets
NGVT
NGVT
NTGR
NTGR
Q4 25
$1.7B
$836.3M
Q3 25
$1.8B
$810.8M
Q2 25
$1.9B
$803.5M
Q1 25
$2.1B
$814.2M
Q4 24
$2.0B
$850.2M
Q3 24
$2.2B
$862.6M
Q2 24
$2.3B
$754.1M
Q1 24
$2.6B
$801.3M
Debt / Equity
NGVT
NGVT
NTGR
NTGR
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
NGVT
NGVT
NTGR
NTGR
Operating Cash FlowLast quarter
$97.1M
$19.5M
Free Cash FlowOCF − Capex
$73.5M
$13.6M
FCF MarginFCF / Revenue
39.6%
7.5%
Capex IntensityCapex / Revenue
12.7%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$273.5M
$-18.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVT
NGVT
NTGR
NTGR
Q4 25
$97.1M
$19.5M
Q3 25
$129.7M
$-7.4M
Q2 25
$79.0M
$-1.8M
Q1 25
$25.4M
$-8.7M
Q4 24
$64.5M
$21.5M
Q3 24
$46.5M
$107.7M
Q2 24
$29.7M
$18.4M
Q1 24
$-12.1M
$17.2M
Free Cash Flow
NGVT
NGVT
NTGR
NTGR
Q4 25
$73.5M
$13.6M
Q3 25
$117.8M
$-17.1M
Q2 25
$66.8M
$-5.3M
Q1 25
$15.4M
$-10.1M
Q4 24
$39.6M
$19.0M
Q3 24
$28.5M
$106.0M
Q2 24
$11.6M
$16.1M
Q1 24
$-28.7M
$14.7M
FCF Margin
NGVT
NGVT
NTGR
NTGR
Q4 25
39.6%
7.5%
Q3 25
35.4%
-9.3%
Q2 25
18.3%
-3.1%
Q1 25
5.4%
-6.3%
Q4 24
29.2%
10.4%
Q3 24
8.5%
58.0%
Q2 24
3.0%
11.2%
Q1 24
-8.4%
8.9%
Capex Intensity
NGVT
NGVT
NTGR
NTGR
Q4 25
12.7%
3.2%
Q3 25
3.6%
5.3%
Q2 25
3.3%
2.1%
Q1 25
3.5%
0.9%
Q4 24
18.4%
1.4%
Q3 24
5.4%
0.9%
Q2 24
4.6%
1.6%
Q1 24
4.9%
1.5%
Cash Conversion
NGVT
NGVT
NTGR
NTGR
Q4 25
Q3 25
2.98×
Q2 25
Q1 25
1.24×
Q4 24
3.89×
Q3 24
1.27×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NGVT
NGVT

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

NTGR
NTGR

Other$93.4M51%
Sales Channel Directly To Consumer$89.1M49%

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