NGVT
Basic MaterialsIngevity Corporation · Chemicals - Specialty · $2B
What is Ingevity Corporation?
Ingevity Corporation is a specialty chemicals and activated carbon manufacturer serving markets across North America, Europe, Asia Pacific, and beyond. Headquartered in North Charleston, South Carolina, the company operates across two distinct business segments with global reach.
Ingevity generates revenue through two segments. Performance Materials produces hardwood-based and chemically activated carbon products used primarily in gasoline vapor emission control systems for vehicles, as well as purification applications in food, water, and beverages. Performance Chemicals manufactures products derived from crude tall oil and lignin, serving pavement technologies, industrial specialties, and engineered polymers markets — including adhesives, coatings, bioplastics, and oilfield applications.
Ingevity was established as an independent public company in 2016 and is headquartered in North Charleston, South Carolina.
- Activated carbon products for vehicle emission control systems
- Pavement preservation and warm mix paving additives
- Industrial specialties including adhesives, coatings, and lubricants
- Engineered polymers for bioplastics and medical devices
- Water, food, and beverage purification carbon materials
Is NGVT a Good Stock to Buy?
UQS Score rates NGVT as Below Average overall, reflecting meaningful headwinds across several key pillars.
Ingevity's Quality and Valuation pillars stand out as relative bright spots within its overall profile. The Quality pillar suggests the business maintains a degree of operational discipline, while the Valuation pillar registers as Good — meaning the stock does not appear richly priced relative to its fundamentals.
The Moat, Growth, and Risk pillars all register as Weak, pointing to limited competitive differentiation, constrained expansion prospects, and elevated uncertainty in the current environment.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does NGVT pay dividends?
No — Ingevity Corporation does not currently pay a dividend.
Ingevity does not currently pay a dividend. For a specialty chemicals company navigating weak growth and elevated risk conditions, retaining capital for debt management, operational investment, or potential portfolio restructuring is a common strategic posture. Income-focused investors should factor this into their assessment of NGVT.
When does NGVT report earnings?
Ingevity reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's recent results reflect the pressures visible in its UQS pillar profile — particularly in growth and risk. Segment performance has been uneven, with macroeconomic and end-market dynamics weighing on both revenue trajectory and margin stability.
For the most recent quarter's results and guidance, visit Ingevity's official investor relations page.
NGVT Price History
-9.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ingevity Corporation?
Based on Ingevity Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
NGVT Long-term Outlook
Ingevity's fundamental outlook is shaped by Weak Growth and Weak Risk pillar ratings, suggesting the near-term path remains challenged. Demand softness in key end markets — including pavement technologies and oilfield applications — limits near-term expansion. The Good Valuation pillar indicates the market may already be pricing in much of this difficulty, which could reduce downside risk for patient investors while upside catalysts remain uncertain.
Growth drivers
- Recovery in vehicle production supporting activated carbon demand
- Infrastructure spending trends benefiting pavement technology products
- Expansion of engineered polymers into bioplastics and medical device markets
Key risks
- Weak moat leaves pricing power vulnerable to competitive pressure
- Exposure to cyclical end markets including oilfield and construction
- Elevated financial risk profile amid constrained growth environment
NGVT vs Peers
Ingevity operates in the specialty chemicals space alongside several peers with distinct business models and market focuses.
Ashland focuses on high-performance specialty additives for consumer, pharmaceutical, and industrial markets, with a broader product portfolio than Ingevity's carbon and tall oil focus.
WD-40 operates a consumer-facing brand model built around maintenance products, contrasting sharply with Ingevity's industrial and emissions-control orientation.
Quaker Chemical specializes in process fluids and chemical management for heavy industries, competing with Ingevity in select industrial specialties segments.
Frequently Asked Questions
What does Ingevity Corporation do?
Ingevity manufactures specialty chemicals and activated carbon materials across two segments. Performance Materials supplies carbon products for vehicle emission control and purification. Performance Chemicals produces tall oil and lignin-derived products for pavement, industrial, and polymer applications across global markets.
Does NGVT pay dividends?
Ingevity does not currently pay a dividend. The company retains capital rather than distributing it to shareholders, which is common among specialty chemicals firms managing through periods of constrained growth and elevated financial risk.
When does NGVT report earnings?
Ingevity follows a standard quarterly earnings cadence for US-listed companies. For precise upcoming report dates and the latest results, check Ingevity's investor relations page directly, as our data source does not cover specific calendar dates.
Is NGVT a good stock to buy?
The UQS Score rates NGVT as Below Average, driven by Weak ratings across Moat, Growth, and Risk pillars. The Quality and Valuation pillars offer some offset. Whether this profile fits your investment criteria depends on your risk tolerance and time horizon — view the full breakdown with a Pro account.
Is NGVT overvalued?
The UQS Valuation pillar for NGVT rates as Good, suggesting the stock is not trading at a significant premium relative to its fundamentals. This may reflect the market already accounting for the company's weaker growth and risk profile rather than indicating a compelling opportunity on its own.
How does NGVT compare to its competitors?
Compared to specialty chemicals peers like Ashland and Quaker Chemical, Ingevity's narrower product focus on activated carbon and tall oil derivatives creates a more concentrated risk profile. Its Below Average UQS Score contrasts with peers that may benefit from broader diversification or stronger brand positioning.
What is NGVT's market cap bracket?
Ingevity is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential beyond large-caps but with less liquidity and analyst coverage than mega-cap peers in the broader materials sector.
Who founded Ingevity Corporation?
Ingevity was spun off from WestRock Company and began trading as an independent public company in 2016. The business traces its operational roots to chemical manufacturing activities that predate the spinoff by decades, with origins in the broader forest products and specialty chemicals industry.
Is NGVT a long-term quality indicator?
As a long-term quality indicator, NGVT's UQS profile presents a mixed picture. The Good Quality pillar suggests operational discipline, but Weak Moat and Weak Growth ratings raise questions about durable competitive advantage and compounding potential over time. Pro members can access the complete pillar analysis.
What is the main competitive advantage of Ingevity?
Ingevity's primary differentiation lies in its specialized manufacturing of hardwood-based activated carbon and tall oil-derived chemicals — inputs tied to specific industrial processes that are not easily replicated. However, the UQS Moat pillar rates as Weak, suggesting this advantage may not be sufficiently durable or wide.
What sector does NGVT belong to?
Ingevity operates in the Basic Materials sector, specifically within specialty chemicals. This sector is sensitive to raw material costs, industrial demand cycles, and regulatory shifts — all of which contribute to the elevated risk profile reflected in NGVT's UQS Score.
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Pro Analysis
NGVT — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 45.4 | 64.1 | 33.0 | 39.2 | 12.3 | 76.5 | +2.1 |
| May 10, 2026 | 43.3 | 29.9 | 33.0 | 40.2 | 41.2 | 88.7 | +0.4 |
| May 8, 2026 | 42.9 | 29.9 | 33.0 | 38.2 | 41.2 | 89.1 | -1.1 |
| May 7, 2026 | 44.0 | 63.4 | 33.0 | 38.2 | 9.3 | 72.7 | -0.1 |
| May 3, 2026 | 44.1 | 63.4 | 33.0 | 38.2 | 9.3 | 73.4 | 0.0 |
| Apr 26, 2026 | 44.1 | 63.4 | 33.0 | 38.2 | 9.3 | 73.3 | -0.1 |
| Apr 19, 2026 | 44.2 | 63.4 | 33.0 | 38.2 | 9.3 | 73.6 | -0.3 |
| Apr 18, 2026 | 44.5 | 63.4 | 33.0 | 39.6 | 9.3 | 73.6 | -2.7 |
| Apr 14, 2026 | 47.2 | 63.4 | 33.0 | 39.6 | 9.3 | 92.0 | -0.1 |
| Apr 12, 2026 | 47.3 | 63.4 | 33.0 | 39.6 | 9.3 | 92.3 | -0.2 |
NGVT — Pillar Breakdown
Quality
— 64.1/100 (25%)Ingevity Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 39.2/100 (20%)Ingevity Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 12.3/100 (15%)Ingevity Corporation presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 75.9/100 (15%)Ingevity Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 33/100 (25%)Ingevity Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NGVT.
Score Composition
Financial Data
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How is the NGVT UQS Score Calculated?
The UQS (Unified Quality Score) for Ingevity Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ingevity Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ingevity Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.