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Side-by-side financial comparison of Ingevity Corp (NGVT) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $185.4M, roughly 1.4× Ingevity Corp). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -45.6%, a 47.0% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs -9.4%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
NGVT vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.4M | $260.4M |
| Net Profit | $-84.6M | $3.5M |
| Gross Margin | 41.2% | 19.9% |
| Operating Margin | -47.7% | 6.5% |
| Net Margin | -45.6% | 1.4% |
| Revenue YoY | 36.7% | -9.4% |
| Net Profit YoY | -609.6% | -14.3% |
| EPS (diluted) | $-2.33 | $0.39 |
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.
| Q4 25 | $185.4M | $260.4M | ||
| Q3 25 | $333.1M | $262.0M | ||
| Q2 25 | $365.1M | $223.9M | ||
| Q1 25 | $284.0M | $224.7M | ||
| Q4 24 | $135.6M | $287.5M | ||
| Q3 24 | $333.8M | $277.8M | ||
| Q2 24 | $390.6M | $220.9M | ||
| Q1 24 | $340.1M | $189.2M |
| Q4 25 | $-84.6M | $3.5M | ||
| Q3 25 | $43.5M | $2.1M | ||
| Q2 25 | $-146.5M | $2.4M | ||
| Q1 25 | $20.5M | $2.7M | ||
| Q4 24 | $16.6M | $4.1M | ||
| Q3 24 | $-107.2M | $5.3M | ||
| Q2 24 | $-283.7M | $3.6M | ||
| Q1 24 | $-56.0M | $3.0M |
| Q4 25 | 41.2% | 19.9% | ||
| Q3 25 | 40.2% | 21.0% | ||
| Q2 25 | 37.8% | 23.2% | ||
| Q1 25 | 39.9% | 23.8% | ||
| Q4 24 | 81.3% | 25.5% | ||
| Q3 24 | 39.4% | 26.5% | ||
| Q2 24 | 31.5% | 26.7% | ||
| Q1 24 | 29.3% | 26.1% |
| Q4 25 | -47.7% | 6.5% | ||
| Q3 25 | 18.7% | 6.6% | ||
| Q2 25 | -39.1% | 7.7% | ||
| Q1 25 | 9.4% | 8.7% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 33.0% | 14.2% | ||
| Q2 24 | 25.9% | 11.7% | ||
| Q1 24 | 22.6% | 11.3% |
| Q4 25 | -45.6% | 1.4% | ||
| Q3 25 | 13.1% | 0.8% | ||
| Q2 25 | -40.1% | 1.1% | ||
| Q1 25 | 7.2% | 1.2% | ||
| Q4 24 | 12.2% | 1.4% | ||
| Q3 24 | -32.1% | 1.9% | ||
| Q2 24 | -72.6% | 1.7% | ||
| Q1 24 | -16.5% | 1.6% |
| Q4 25 | $-2.33 | $0.39 | ||
| Q3 25 | $1.18 | $0.24 | ||
| Q2 25 | $-4.02 | $0.26 | ||
| Q1 25 | $0.56 | $0.30 | ||
| Q4 24 | $0.44 | $0.50 | ||
| Q3 24 | $-2.94 | $0.58 | ||
| Q2 24 | $-7.81 | $0.40 | ||
| Q1 24 | $-1.54 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.1M | $12.7M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $29.7M | $86.7M |
| Total Assets | $1.7B | $557.6M |
| Debt / EquityLower = less leverage | 39.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.1M | $12.7M | ||
| Q3 25 | $83.4M | $14.8M | ||
| Q2 25 | $76.9M | $16.8M | ||
| Q1 25 | $71.5M | $12.7M | ||
| Q4 24 | $68.0M | $22.4M | ||
| Q3 24 | $135.5M | $23.7M | ||
| Q2 24 | $107.4M | $17.3M | ||
| Q1 24 | $88.5M | $32.8M |
| 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 | — |
| Q4 25 | $29.7M | $86.7M | ||
| Q3 25 | $138.1M | $82.2M | ||
| Q2 25 | $120.7M | $80.0M | ||
| Q1 25 | $234.6M | $76.9M | ||
| Q4 24 | $195.2M | $73.6M | ||
| Q3 24 | $214.5M | $68.4M | ||
| Q2 24 | $284.8M | $62.1M | ||
| Q1 24 | $568.2M | $59.7M |
| Q4 25 | $1.7B | $557.6M | ||
| Q3 25 | $1.8B | $571.6M | ||
| Q2 25 | $1.9B | $570.2M | ||
| Q1 25 | $2.1B | $513.9M | ||
| Q4 24 | $2.0B | $475.9M | ||
| Q3 24 | $2.2B | $460.1M | ||
| Q2 24 | $2.3B | $429.3M | ||
| Q1 24 | $2.6B | $401.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $97.1M | $9.8M |
| Free Cash FlowOCF − Capex | $73.5M | $8.7M |
| FCF MarginFCF / Revenue | 39.6% | 3.4% |
| Capex IntensityCapex / Revenue | 12.7% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $273.5M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.1M | $9.8M | ||
| Q3 25 | $129.7M | $22.8M | ||
| Q2 25 | $79.0M | $-28.9M | ||
| Q1 25 | $25.4M | $-34.9M | ||
| Q4 24 | $64.5M | $5.5M | ||
| Q3 24 | $46.5M | $22.9M | ||
| Q2 24 | $29.7M | $39.0K | ||
| Q1 24 | $-12.1M | $-9.3M |
| Q4 25 | $73.5M | $8.7M | ||
| Q3 25 | $117.8M | $21.4M | ||
| Q2 25 | $66.8M | $-31.1M | ||
| Q1 25 | $15.4M | $-35.9M | ||
| Q4 24 | $39.6M | $4.8M | ||
| Q3 24 | $28.5M | $22.3M | ||
| Q2 24 | $11.6M | $-2.1M | ||
| Q1 24 | $-28.7M | $-9.7M |
| Q4 25 | 39.6% | 3.4% | ||
| Q3 25 | 35.4% | 8.2% | ||
| Q2 25 | 18.3% | -13.9% | ||
| Q1 25 | 5.4% | -16.0% | ||
| Q4 24 | 29.2% | 1.7% | ||
| Q3 24 | 8.5% | 8.0% | ||
| Q2 24 | 3.0% | -1.0% | ||
| Q1 24 | -8.4% | -5.1% |
| Q4 25 | 12.7% | 0.4% | ||
| Q3 25 | 3.6% | 0.5% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 3.5% | 0.5% | ||
| Q4 24 | 18.4% | 0.2% | ||
| Q3 24 | 5.4% | 0.2% | ||
| Q2 24 | 4.6% | 1.0% | ||
| Q1 24 | 4.9% | 0.2% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | 2.98× | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | 1.24× | -13.01× | ||
| Q4 24 | 3.89× | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
