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Fmc vs Ingevity: revenue, profit, margins and growth compared

Fmc brought in $3.5B of revenue in fiscal 2025, Ingevity $1.2B in fiscal 2025. Revenue changed by -18.3% at Fmc and -2.7% at Ingevity on the year before, so Ingevity grew faster. Fmc kept -64.6% of its revenue as net profit, Ingevity -14.3%. Free cash flow was -$102.5M at Fmc and $273.5M at Ingevity.

Side by side, latest fiscal year

FMCNGVT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.5B$1.2B
Revenue growth-18.3%-2.7%
Net income-$2.2B-$167.1M
Net margin-64.6%-14.3%
Free cash flow-$102.5M$273.5M
Free cash flow margin-3.0%23.4%
Earnings per share (diluted)-$17.88-$4.61
Cash$584.5M$78.1M
Debt$3.4B$47.1M
Price to earningsn/an/a
Market value$1.2B$2.5B
Dividend yield19.00%n/a
Rank by revenue in sector#159 of 451 · Industrials#259 of 451 · Industrials

Over the years

Revenue
FMC FY2018: $4.7BFMC FY2019: $4.6BFMC FY2020: $4.6BFMC FY2021: $5BFMC FY2022: $5.8BFMC FY2023: $4.5BFMC FY2024: $4.2BFMC FY2025: $3.5BNGVT FY2018: $1.1BNGVT FY2019: $1.3BNGVT FY2020: $1.2BNGVT FY2021: $1.4BNGVT FY2022: $1.7BNGVT FY2023: $1.2BNGVT FY2024: $1.2BNGVT FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
FMC $3.5BNGVT $1.2B
Net income
FMC FY2018: $502.1MFMC FY2019: $477.4MFMC FY2020: $552.4MFMC FY2021: $739.6MFMC FY2022: $736.5MFMC FY2023: $1.3BFMC FY2024: $341.1MFMC FY2025: -$2.2BNGVT FY2018: $169.1MNGVT FY2019: $183.7MNGVT FY2020: $181.4MNGVT FY2021: $118.1MNGVT FY2022: $211.6MNGVT FY2023: -$5.4MNGVT FY2024: -$430.3MNGVT FY2025: -$167.1MFY18FY19FY20FY21FY22FY23FY24FY25
FMC -$2.2BNGVT -$167.1M
Net margin
FMC FY2018: 10.6%FMC FY2019: 10.4%FMC FY2020: 11.9%FMC FY2021: 14.7%FMC FY2022: 12.7%FMC FY2023: 29.5%FMC FY2024: 8.0%FMC FY2025: -64.6%NGVT FY2018: 14.9%NGVT FY2019: 14.2%NGVT FY2020: 14.9%NGVT FY2021: 8.5%NGVT FY2022: 12.7%NGVT FY2023: -0.4%NGVT FY2024: -35.9%NGVT FY2025: -14.3%FY18FY19FY20FY21FY22FY23FY24FY25
FMC -64.6%NGVT -14.3%
Revenue growth
FMC FY2019: -2.5%FMC FY2020: +0.7%FMC FY2021: +8.7%FMC FY2022: +15.0%FMC FY2023: -22.7%FMC FY2024: -5.4%FMC FY2025: -18.3%NGVT FY2019: +14.1%NGVT FY2020: -5.9%NGVT FY2021: +14.4%NGVT FY2022: +19.9%NGVT FY2023: -27.1%NGVT FY2024: -1.3%NGVT FY2025: -2.7%FY19FY20FY21FY22FY23FY24FY25
FMC -18.3%NGVT -2.7%
Free cash flow
FMC FY2018: $279.7MFMC FY2019: $461.7MFMC FY2020: $669.6MFMC FY2021: $798.5MFMC FY2022: $517.7MFMC FY2023: -$434.2MFMC FY2024: $668.8MFMC FY2025: -$102.5MNGVT FY2018: $158.1MNGVT FY2019: $160.9MNGVT FY2020: $270.3MNGVT FY2021: $189.5MNGVT FY2022: $170.9MNGVT FY2023: $95.3MNGVT FY2024: $51MNGVT FY2025: $273.5MFY18FY19FY20FY21FY22FY23FY24FY25
FMC -$102.5MNGVT $273.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fmc and Ingevity

Which is bigger by revenue, Fmc or Ingevity?

Fmc is bigger by revenue: $3.5B in fiscal 2025, against $1.2B for Ingevity in fiscal 2025.

Which keeps more of its revenue as profit, Fmc or Ingevity?

Fmc had a net margin of -64.6% in fiscal 2025; Ingevity had -14.3% in fiscal 2025.

Which grew revenue faster, Fmc or Ingevity?

In their latest fiscal years revenue changed by -18.3% at Fmc and -2.7% at Ingevity.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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