What is Ingevity's return on invested capital?

Ingevity (NGVT) reported return on invested capital of -5% in Q1 2026.

What is the long-term trend for Ingevity's return on invested capital?

Over 3 years (2020 to 2025), Ingevity's return on invested capital has grown at a -26.9% compound annual growth rate (CAGR), from 11.7% to -4.6%.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Ingevity NGVT Return on invested capital

Return on invested capital at other companies

Cabot CorporationCBT

14.7%-6.0pp

PPG IndustriesPPG

15.6%+2.3pp

Sherwin-WilliamsSHW

15.3%-2.9pp

ChemoursCC

-0.6%-4.1pp

AvientAVNT

5.8%+1.2pp

InnospecIOSP

10%-7.3pp

Other financials

Income statement

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Revenue$258.0M+4.1%

Gross profit$116.4M+4.0%

Net income$59.8M+192%

EPS (diluted)$1.66+196%

Balance sheet

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Cash & equivalents$95.4M+5.0%

Total debt$1.4B-9.0%

Total equity$38.9M-83.4%

Total assets$1.7B-19.7%

Cash flow

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Operating cash flow-$2.0M-108%

CapEx$10.3M+3.0%

Free cash flow-$12.3M-180%

Valuation

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Market cap$2.53B+73.9%

Enterprise value$3.8B+32.4%

P/S2.1×+0.9×

Profitability

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Gross margin39.3%+1.5pp

Net margin-10.6%-4.1pp

FCF margin20.3%+12.6pp

Returns & leverage

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Return on equity-93.5%+1.2pp

Debt / equity35.1×+28.7×

Current ratio1.4×-0.6×

Where this comes from

Calculated from Ingevity’s reported figures.

nopat/invested capital=-5%

Based on trailing twelve months.

The official record: Ingevity’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ingevity's return on invested capital?: Ingevity (NGVT) reported return on invested capital of -5% in Q1 2026.
What is the long-term trend for Ingevity's return on invested capital?: Over 3 years (2020 to 2025), Ingevity's return on invested capital has grown at a -26.9% compound annual growth rate (CAGR), from 11.7% to -4.6%.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.