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Side-by-side financial comparison of Ingevity Corp (NGVT) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $158.6M, roughly 1.2× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -45.6%, a 116.8% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 36.7%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $73.5M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

NGVT vs STOK — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.2× larger
NGVT
$185.4M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3624.4% gap
STOK
3661.1%
36.7%
NGVT
Higher net margin
STOK
STOK
116.8% more per $
STOK
71.2%
-45.6%
NGVT
More free cash flow
STOK
STOK
$58.2M more FCF
STOK
$131.7M
$73.5M
NGVT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
NGVT
NGVT
STOK
STOK
Revenue
$185.4M
$158.6M
Net Profit
$-84.6M
$112.9M
Gross Margin
41.2%
Operating Margin
-47.7%
70.2%
Net Margin
-45.6%
71.2%
Revenue YoY
36.7%
3661.1%
Net Profit YoY
-609.6%
528.0%
EPS (diluted)
$-2.33
$1.90

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
STOK
STOK
Q4 25
$185.4M
Q3 25
$333.1M
Q2 25
$365.1M
Q1 25
$284.0M
$158.6M
Q4 24
$135.6M
$22.6M
Q3 24
$333.8M
Q2 24
$390.6M
Q1 24
$340.1M
Net Profit
NGVT
NGVT
STOK
STOK
Q4 25
$-84.6M
Q3 25
$43.5M
Q2 25
$-146.5M
Q1 25
$20.5M
$112.9M
Q4 24
$16.6M
$-10.5M
Q3 24
$-107.2M
Q2 24
$-283.7M
Q1 24
$-56.0M
Gross Margin
NGVT
NGVT
STOK
STOK
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
STOK
STOK
Q4 25
-47.7%
Q3 25
18.7%
Q2 25
-39.1%
Q1 25
9.4%
70.2%
Q4 24
-60.4%
Q3 24
33.0%
Q2 24
25.9%
Q1 24
22.6%
Net Margin
NGVT
NGVT
STOK
STOK
Q4 25
-45.6%
Q3 25
13.1%
Q2 25
-40.1%
Q1 25
7.2%
71.2%
Q4 24
12.2%
-46.4%
Q3 24
-32.1%
Q2 24
-72.6%
Q1 24
-16.5%
EPS (diluted)
NGVT
NGVT
STOK
STOK
Q4 25
$-2.33
Q3 25
$1.18
Q2 25
$-4.02
Q1 25
$0.56
$1.90
Q4 24
$0.44
$-0.15
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
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$78.1M
$274.8M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$29.7M
$350.1M
Total Assets
$1.7B
$406.9M
Debt / EquityLower = less leverage
39.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVT
NGVT
STOK
STOK
Q4 25
$78.1M
Q3 25
$83.4M
Q2 25
$76.9M
Q1 25
$71.5M
$274.8M
Q4 24
$68.0M
$128.0M
Q3 24
$135.5M
Q2 24
$107.4M
Q1 24
$88.5M
Total Debt
NGVT
NGVT
STOK
STOK
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
STOK
STOK
Q4 25
$29.7M
Q3 25
$138.1M
Q2 25
$120.7M
Q1 25
$234.6M
$350.1M
Q4 24
$195.2M
$229.0M
Q3 24
$214.5M
Q2 24
$284.8M
Q1 24
$568.2M
Total Assets
NGVT
NGVT
STOK
STOK
Q4 25
$1.7B
Q3 25
$1.8B
Q2 25
$1.9B
Q1 25
$2.1B
$406.9M
Q4 24
$2.0B
$271.6M
Q3 24
$2.2B
Q2 24
$2.3B
Q1 24
$2.6B
Debt / Equity
NGVT
NGVT
STOK
STOK
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
STOK
STOK
Operating Cash FlowLast quarter
$97.1M
$131.8M
Free Cash FlowOCF − Capex
$73.5M
$131.7M
FCF MarginFCF / Revenue
39.6%
83.0%
Capex IntensityCapex / Revenue
12.7%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVT
NGVT
STOK
STOK
Q4 25
$97.1M
Q3 25
$129.7M
Q2 25
$79.0M
Q1 25
$25.4M
$131.8M
Q4 24
$64.5M
$-23.2M
Q3 24
$46.5M
Q2 24
$29.7M
Q1 24
$-12.1M
Free Cash Flow
NGVT
NGVT
STOK
STOK
Q4 25
$73.5M
Q3 25
$117.8M
Q2 25
$66.8M
Q1 25
$15.4M
$131.7M
Q4 24
$39.6M
$-23.2M
Q3 24
$28.5M
Q2 24
$11.6M
Q1 24
$-28.7M
FCF Margin
NGVT
NGVT
STOK
STOK
Q4 25
39.6%
Q3 25
35.4%
Q2 25
18.3%
Q1 25
5.4%
83.0%
Q4 24
29.2%
-102.7%
Q3 24
8.5%
Q2 24
3.0%
Q1 24
-8.4%
Capex Intensity
NGVT
NGVT
STOK
STOK
Q4 25
12.7%
Q3 25
3.6%
Q2 25
3.3%
Q1 25
3.5%
0.1%
Q4 24
18.4%
0.2%
Q3 24
5.4%
Q2 24
4.6%
Q1 24
4.9%
Cash Conversion
NGVT
NGVT
STOK
STOK
Q4 25
Q3 25
2.98×
Q2 25
Q1 25
1.24×
1.17×
Q4 24
3.89×
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%

STOK
STOK

Segment breakdown not available.

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