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Ingevity vs Solstice Advanced Materials: revenue, profit, margins and growth compared

Ingevity brought in $1.2B of revenue in fiscal 2025, Solstice Advanced Materials $3.9B in fiscal 2025. Revenue changed by -2.7% at Ingevity and +3.1% at Solstice Advanced Materials on the year before, so Solstice Advanced Materials grew faster. Ingevity kept -14.3% of its revenue as net profit, Solstice Advanced Materials 6.1%. Free cash flow was $273.5M at Ingevity and $119M at Solstice Advanced Materials.

Side by side, latest fiscal year

NGVTSOLS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.2B$3.9B
Revenue growth-2.7%+3.1%
Net income-$167.1M$237M
Net margin-14.3%6.1%
Free cash flow$273.5M$119M
Free cash flow margin23.4%3.1%
Earnings per share (diluted)-$4.61$1.49
Cash$78.1M$534M
Debt$47.1M$2B
Price to earningsn/a38.0
Market value$2.5B$9B
Dividend yieldn/an/a
Rank by revenue in sector#259 of 451 · Industrials#146 of 451 · Industrials

Over the years

Revenue
NGVT FY2018: $1.1BNGVT FY2019: $1.3BNGVT FY2020: $1.2BNGVT FY2021: $1.4BNGVT FY2022: $1.7BNGVT FY2023: $1.2BNGVT FY2024: $1.2BNGVT FY2025: $1.2BSOLS FY2023: $3.6BSOLS FY2025: $3.8BSOLS FY2025: $3.9BFY18FY19FY20FY21FY22FY23FY24FY25
NGVT $1.2BSOLS $3.9B
Net income
NGVT FY2018: $169.1MNGVT FY2019: $183.7MNGVT FY2020: $181.4MNGVT FY2021: $118.1MNGVT FY2022: $211.6MNGVT FY2023: -$5.4MNGVT FY2024: -$430.3MNGVT FY2025: -$167.1MSOLS FY2023: $621MSOLS FY2025: $594MSOLS FY2025: $237MFY18FY19FY20FY21FY22FY23FY24FY25
NGVT -$167.1MSOLS $237M
Net margin
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%SOLS FY2023: 17.0%SOLS FY2025: 15.8%SOLS FY2025: 6.1%FY18FY19FY20FY21FY22FY23FY24FY25
NGVT -14.3%SOLS 6.1%
Revenue growth
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%SOLS FY2025: +3.3%SOLS FY2025: +3.1%FY19FY20FY21FY22FY23FY24FY25
NGVT -2.7%SOLS +3.1%
Free cash flow
NGVT FY2018: $158.1MNGVT FY2019: $160.9MNGVT FY2020: $270.3MNGVT FY2021: $189.5MNGVT FY2022: $170.9MNGVT FY2023: $95.3MNGVT FY2024: $51MNGVT FY2025: $273.5MSOLS FY2023: $461MSOLS FY2025: $546MSOLS FY2025: $119MFY18FY19FY20FY21FY22FY23FY24FY25
NGVT $273.5MSOLS $119M

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

Questions about Ingevity and Solstice Advanced Materials

Which is bigger by revenue, Ingevity or Solstice Advanced Materials?

Solstice Advanced Materials is bigger by revenue: $3.9B in fiscal 2025, against $1.2B for Ingevity in fiscal 2025.

Which keeps more of its revenue as profit, Ingevity or Solstice Advanced Materials?

Ingevity had a net margin of -14.3% in fiscal 2025; Solstice Advanced Materials had 6.1% in fiscal 2025.

Which grew revenue faster, Ingevity or Solstice Advanced Materials?

In their latest fiscal years revenue changed by -2.7% at Ingevity and +3.1% at Solstice Advanced Materials.

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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