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

Ingevity Corp is the larger business by last-quarter revenue ($185.4M vs $148.9M, roughly 1.2× UFP TECHNOLOGIES INC). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs -45.6%, a 57.4% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs 3.4%). Over the past eight quarters, UFP TECHNOLOGIES INC's revenue compounded faster (19.1% 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.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

NGVT vs UFPT — Head-to-Head

Bigger by revenue
NGVT
NGVT
1.2× larger
NGVT
$185.4M
$148.9M
UFPT
Growing faster (revenue YoY)
NGVT
NGVT
+33.4% gap
NGVT
36.7%
3.4%
UFPT
Higher net margin
UFPT
UFPT
57.4% more per $
UFPT
11.8%
-45.6%
NGVT
Faster 2-yr revenue CAGR
UFPT
UFPT
Annualised
UFPT
19.1%
-26.2%
NGVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NGVT
NGVT
UFPT
UFPT
Revenue
$185.4M
$148.9M
Net Profit
$-84.6M
$17.6M
Gross Margin
41.2%
28.2%
Operating Margin
-47.7%
14.4%
Net Margin
-45.6%
11.8%
Revenue YoY
36.7%
3.4%
Net Profit YoY
-609.6%
7.3%
EPS (diluted)
$-2.33
$2.22

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
UFPT
UFPT
Q4 25
$185.4M
$148.9M
Q3 25
$333.1M
$154.6M
Q2 25
$365.1M
$151.2M
Q1 25
$284.0M
$148.1M
Q4 24
$135.6M
$144.1M
Q3 24
$333.8M
$145.2M
Q2 24
$390.6M
$110.2M
Q1 24
$340.1M
$105.0M
Net Profit
NGVT
NGVT
UFPT
UFPT
Q4 25
$-84.6M
$17.6M
Q3 25
$43.5M
$16.4M
Q2 25
$-146.5M
$17.2M
Q1 25
$20.5M
$17.2M
Q4 24
$16.6M
$16.4M
Q3 24
$-107.2M
$16.4M
Q2 24
$-283.7M
$13.6M
Q1 24
$-56.0M
$12.7M
Gross Margin
NGVT
NGVT
UFPT
UFPT
Q4 25
41.2%
28.2%
Q3 25
40.2%
27.7%
Q2 25
37.8%
28.8%
Q1 25
39.9%
28.5%
Q4 24
81.3%
29.2%
Q3 24
39.4%
28.6%
Q2 24
31.5%
30.0%
Q1 24
29.3%
28.6%
Operating Margin
NGVT
NGVT
UFPT
UFPT
Q4 25
-47.7%
14.4%
Q3 25
18.7%
15.1%
Q2 25
-39.1%
16.1%
Q1 25
9.4%
15.6%
Q4 24
15.4%
Q3 24
33.0%
17.1%
Q2 24
25.9%
16.3%
Q1 24
22.6%
15.2%
Net Margin
NGVT
NGVT
UFPT
UFPT
Q4 25
-45.6%
11.8%
Q3 25
13.1%
10.6%
Q2 25
-40.1%
11.4%
Q1 25
7.2%
11.6%
Q4 24
12.2%
11.4%
Q3 24
-32.1%
11.3%
Q2 24
-72.6%
12.3%
Q1 24
-16.5%
12.1%
EPS (diluted)
NGVT
NGVT
UFPT
UFPT
Q4 25
$-2.33
$2.22
Q3 25
$1.18
$2.11
Q2 25
$-4.02
$2.21
Q1 25
$0.56
$2.21
Q4 24
$0.44
$2.08
Q3 24
$-2.94
$2.11
Q2 24
$-7.81
$1.75
Q1 24
$-1.54
$1.64

Balance Sheet & Financial Strength

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

Metric
NGVT
NGVT
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$78.1M
$20.3M
Total DebtLower is stronger
$1.2B
$135.5M
Stockholders' EquityBook value
$29.7M
$423.9M
Total Assets
$1.7B
$655.1M
Debt / EquityLower = less leverage
39.10×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGVT
NGVT
UFPT
UFPT
Q4 25
$78.1M
$20.3M
Q3 25
$83.4M
$18.2M
Q2 25
$76.9M
$14.9M
Q1 25
$71.5M
$14.0M
Q4 24
$68.0M
$13.4M
Q3 24
$135.5M
$16.4M
Q2 24
$107.4M
$16.7M
Q1 24
$88.5M
$11.4M
Total Debt
NGVT
NGVT
UFPT
UFPT
Q4 25
$1.2B
$135.5M
Q3 25
$1.2B
$146.1M
Q2 25
$1.2B
$163.6M
Q1 25
$1.3B
$163.6M
Q4 24
$1.3B
$189.4M
Q3 24
$1.4B
$212.0M
Q2 24
$1.4B
$35.2M
Q1 24
$1.4B
$34.0M
Stockholders' Equity
NGVT
NGVT
UFPT
UFPT
Q4 25
$29.7M
$423.9M
Q3 25
$138.1M
$403.9M
Q2 25
$120.7M
$385.5M
Q1 25
$234.6M
$360.7M
Q4 24
$195.2M
$342.8M
Q3 24
$214.5M
$329.1M
Q2 24
$284.8M
$310.2M
Q1 24
$568.2M
$295.0M
Total Assets
NGVT
NGVT
UFPT
UFPT
Q4 25
$1.7B
$655.1M
Q3 25
$1.8B
$652.8M
Q2 25
$1.9B
$634.7M
Q1 25
$2.1B
$642.6M
Q4 24
$2.0B
$629.0M
Q3 24
$2.2B
$638.5M
Q2 24
$2.3B
$422.4M
Q1 24
$2.6B
$407.7M
Debt / Equity
NGVT
NGVT
UFPT
UFPT
Q4 25
39.10×
0.32×
Q3 25
8.39×
0.36×
Q2 25
10.24×
0.42×
Q1 25
5.68×
0.45×
Q4 24
6.86×
0.55×
Q3 24
6.52×
0.64×
Q2 24
4.92×
0.11×
Q1 24
2.48×
0.12×

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
UFPT
UFPT
Operating Cash FlowLast quarter
$97.1M
$16.8M
Free Cash FlowOCF − Capex
$73.5M
FCF MarginFCF / Revenue
39.6%
Capex IntensityCapex / Revenue
12.7%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters
$273.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGVT
NGVT
UFPT
UFPT
Q4 25
$97.1M
$16.8M
Q3 25
$129.7M
$35.9M
Q2 25
$79.0M
$25.3M
Q1 25
$25.4M
$13.8M
Q4 24
$64.5M
$24.4M
Q3 24
$46.5M
$19.8M
Q2 24
$29.7M
$11.7M
Q1 24
$-12.1M
$10.7M
Free Cash Flow
NGVT
NGVT
UFPT
UFPT
Q4 25
$73.5M
Q3 25
$117.8M
Q2 25
$66.8M
$22.5M
Q1 25
$15.4M
$11.0M
Q4 24
$39.6M
$21.4M
Q3 24
$28.5M
$17.7M
Q2 24
$11.6M
$8.9M
Q1 24
$-28.7M
$8.9M
FCF Margin
NGVT
NGVT
UFPT
UFPT
Q4 25
39.6%
Q3 25
35.4%
Q2 25
18.3%
14.9%
Q1 25
5.4%
7.4%
Q4 24
29.2%
14.9%
Q3 24
8.5%
12.2%
Q2 24
3.0%
8.1%
Q1 24
-8.4%
8.5%
Capex Intensity
NGVT
NGVT
UFPT
UFPT
Q4 25
12.7%
Q3 25
3.6%
Q2 25
3.3%
1.9%
Q1 25
3.5%
1.9%
Q4 24
18.4%
2.1%
Q3 24
5.4%
1.5%
Q2 24
4.6%
2.5%
Q1 24
4.9%
1.6%
Cash Conversion
NGVT
NGVT
UFPT
UFPT
Q4 25
0.96×
Q3 25
2.98×
2.19×
Q2 25
1.47×
Q1 25
1.24×
0.80×
Q4 24
3.89×
1.49×
Q3 24
1.21×
Q2 24
0.86×
Q1 24
0.84×

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%

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

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