Forensic Analysis · General / Diversified · as of Jun 27, 2026
Ecovyst Inc. (ECVT)
A forensic read on Ecovyst Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
1.7
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-10.2%
ROE
$1.3B
Market cap
Ecovyst Inc. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 1.7, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
43d DSOReceivables vs revenue.Days sales outstanding moved from 32 to 43 days FY2024→FY2025 (receivables +60% vs revenue +21%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
4%Return on invested capital.Return on invested capital is 4% and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$260MGoodwill impairments.Took $260M of goodwill writedowns across 1 year(s) (FY2020 ($260M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-9.8%
Debt / Equity0.65x
Free Cash Flow$69.9M
Latest Revenue$723.5M
Return on Equity-11.8%
Revenue Growth YoY+20.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Ecovyst Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about ECVT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown