Ingevity Corporation NGVT

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
60/100
Moderate

Ranked against 56 peers in Specialty Chemicals

About Ingevity Corporation

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products for use in gasoline vapor … Full NGVT analysis →

Key strengths

  • Margins Consistently Above Peers Gross margin at 39.5% (top 24%) and operating margin at 22.4% (top 4%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.92), demonstrating pricing resilience across cycles.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.16), raising refinancing risk.
  • Liquidity Concerns Liquidity is concerning (score 0.11), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
89
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where NGVT ranks in Specialty Chemicals

Ingevity Corporation ranks #21 of 56 scored companies in Specialty Chemicals by moat score — the top 38%. The widest moat in the group is WD-40 Company (WDFC) at 81/100.

# Company Moat score Rating
17 Sociedad Quimica y Minera S.A. SQM 63/100 Moderate
18 Koppers Holdings Inc. KOP 62/100 Moderate
19 H. B. Fuller Company FUL 61/100 Moderate
20 Eastman Chemical Company EMN 60/100 Moderate
21 Ingevity Corporation NGVT 60/100 Moderate
22 Core Molding Technologies Inc CMT 57/100 Moderate
23 Flexible Solutions Internationa FSI 56/100 Moderate
24 Ecovyst Inc. ECVT 55/100 Moderate
25 DuPont de Nemours, Inc. DD 54/100 Moderate

See every General Corporate company ranked by moat score →

How NGVT scores on the Corporate Default defenses

Pricing Power

Score 89 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 73 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 76 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 18 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 31 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 78 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding NGVT's moat

What is Ingevity Corporation's moat score?

Ingevity Corporation (NGVT) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #21 of 56 scored companies in Specialty Chemicals, the top 38%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 56 companies in Specialty Chemicals. Its strongest defense is Pricing Power (89/100) and its weakest is Capital Efficiency (18/100).

How does Ingevity Corporation compare with other Specialty Chemicals companies?

Ingevity Corporation ranks #21 of 56 scored companies in Specialty Chemicals by moat score. The widest moat in Specialty Chemicals is WD-40 Company (WDFC) at 81/100. The companies ranked closest are Eastman Chemical Company (EMN) at 60 just above it and Core Molding Technologies Inc (CMT) at 57 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 56 companies in Specialty Chemicals. The defenses are then weighted to produce the overall score out of 100.

Why is Ingevity Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Ingevity Corporation?

The Corporate Default template measures 6 defenses, and NGVT scores: Pricing Power (89), Cost Advantage (73), Customer Stickiness (76), Capital Efficiency (18), Resilience (31), Scale & Market Position (78). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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