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

SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $185.4M, roughly 1.9× Ingevity Corp). SFL Corp Ltd. runs the higher net margin — 1.1% vs -45.6%, a 46.8% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs -27.0%).

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.

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

NGVT vs SFL — Head-to-Head

Bigger by revenue
SFL
SFL
1.9× larger
SFL
$353.7M
$185.4M
NGVT
Growing faster (revenue YoY)
NGVT
NGVT
+63.7% gap
NGVT
36.7%
-27.0%
SFL
Higher net margin
SFL
SFL
46.8% more per $
SFL
1.1%
-45.6%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NGVT
NGVT
SFL
SFL
Revenue
$185.4M
$353.7M
Net Profit
$-84.6M
$4.0M
Gross Margin
41.2%
Operating Margin
-47.7%
22.8%
Net Margin
-45.6%
1.1%
Revenue YoY
36.7%
-27.0%
Net Profit YoY
-609.6%
-93.9%
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
SFL
SFL
Q4 25
$185.4M
$353.7M
Q3 25
$333.1M
Q2 25
$365.1M
Q1 25
$284.0M
Q4 24
$135.6M
$484.4M
Q3 24
$333.8M
Q2 24
$390.6M
Q1 24
$340.1M
Net Profit
NGVT
NGVT
SFL
SFL
Q4 25
$-84.6M
$4.0M
Q3 25
$43.5M
Q2 25
$-146.5M
Q1 25
$20.5M
Q4 24
$16.6M
$64.7M
Q3 24
$-107.2M
Q2 24
$-283.7M
Q1 24
$-56.0M
Gross Margin
NGVT
NGVT
SFL
SFL
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
NGVT
NGVT
SFL
SFL
Q4 25
-47.7%
22.8%
Q3 25
18.7%
Q2 25
-39.1%
Q1 25
9.4%
Q4 24
32.8%
Q3 24
33.0%
Q2 24
25.9%
Q1 24
22.6%
Net Margin
NGVT
NGVT
SFL
SFL
Q4 25
-45.6%
1.1%
Q3 25
13.1%
Q2 25
-40.1%
Q1 25
7.2%
Q4 24
12.2%
13.4%
Q3 24
-32.1%
Q2 24
-72.6%
Q1 24
-16.5%
EPS (diluted)
NGVT
NGVT
SFL
SFL
Q4 25
$-2.33
$0.03
Q3 25
$1.18
Q2 25
$-4.02
Q1 25
$0.56
Q4 24
$0.44
$0.49
Q3 24
$-2.94
Q2 24
$-7.81
Q1 24
$-1.54

Balance Sheet & Financial Strength

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

Metric
NGVT
NGVT
SFL
SFL
Cash + ST InvestmentsLiquidity on hand
$78.1M
$150.8M
Total DebtLower is stronger
$1.2B
$2.6B
Stockholders' EquityBook value
$29.7M
$960.9M
Total Assets
$1.7B
$3.6B
Debt / EquityLower = less leverage
39.10×
2.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVT
NGVT
SFL
SFL
Q4 25
$78.1M
$150.8M
Q3 25
$83.4M
Q2 25
$76.9M
Q1 25
$71.5M
Q4 24
$68.0M
$134.6M
Q3 24
$135.5M
Q2 24
$107.4M
Q1 24
$88.5M
Total Debt
NGVT
NGVT
SFL
SFL
Q4 25
$1.2B
$2.6B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
$2.9B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
NGVT
NGVT
SFL
SFL
Q4 25
$29.7M
$960.9M
Q3 25
$138.1M
Q2 25
$120.7M
Q1 25
$234.6M
Q4 24
$195.2M
$1.1B
Q3 24
$214.5M
Q2 24
$284.8M
Q1 24
$568.2M
Total Assets
NGVT
NGVT
SFL
SFL
Q4 25
$1.7B
$3.6B
Q3 25
$1.8B
Q2 25
$1.9B
Q1 25
$2.1B
Q4 24
$2.0B
$4.1B
Q3 24
$2.2B
Q2 24
$2.3B
Q1 24
$2.6B
Debt / Equity
NGVT
NGVT
SFL
SFL
Q4 25
39.10×
2.69×
Q3 25
8.39×
Q2 25
10.24×
Q1 25
5.68×
Q4 24
6.86×
2.54×
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
SFL
SFL
Operating Cash FlowLast quarter
$97.1M
$118.4M
Free Cash FlowOCF − Capex
$73.5M
FCF MarginFCF / Revenue
39.6%
Capex IntensityCapex / Revenue
12.7%
Cash ConversionOCF / Net Profit
29.75×
TTM Free Cash FlowTrailing 4 quarters
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVT
NGVT
SFL
SFL
Q4 25
$97.1M
$118.4M
Q3 25
$129.7M
Q2 25
$79.0M
Q1 25
$25.4M
Q4 24
$64.5M
$182.4M
Q3 24
$46.5M
Q2 24
$29.7M
Q1 24
$-12.1M
Free Cash Flow
NGVT
NGVT
SFL
SFL
Q4 25
$73.5M
Q3 25
$117.8M
Q2 25
$66.8M
Q1 25
$15.4M
Q4 24
$39.6M
Q3 24
$28.5M
Q2 24
$11.6M
Q1 24
$-28.7M
FCF Margin
NGVT
NGVT
SFL
SFL
Q4 25
39.6%
Q3 25
35.4%
Q2 25
18.3%
Q1 25
5.4%
Q4 24
29.2%
Q3 24
8.5%
Q2 24
3.0%
Q1 24
-8.4%
Capex Intensity
NGVT
NGVT
SFL
SFL
Q4 25
12.7%
Q3 25
3.6%
Q2 25
3.3%
Q1 25
3.5%
Q4 24
18.4%
Q3 24
5.4%
Q2 24
4.6%
Q1 24
4.9%
Cash Conversion
NGVT
NGVT
SFL
SFL
Q4 25
29.75×
Q3 25
2.98×
Q2 25
Q1 25
1.24×
Q4 24
3.89×
2.82×
Q3 24
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%

SFL
SFL

Segment breakdown not available.

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