NL · Nl Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $158.28M | $145.94M | $161.29M | $166.56M | $140.81M | $114.54M |
| Cost of Revenue | $110.11M | $104.58M | $112.07M | $117.76M | $98.07M | $81.69M |
| Gross Profit | $48.18M | $41.36M | $49.22M | $48.80M | $42.75M | $32.85M |
| R&D | $0 | $0 | $0 | - | $0 | $0 |
| SG&A | $25.57M | $24.34M | $23.78M | $23.36M | $22.22M | $21.03M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $3.65M | $3.69M | $3.97M | $3.98M | $3.84M | $3.83M |
| Operating Income | $10.68M | $37.88M | $14.13M | $13.73M | $10.49M | $2.36M |
| Interest Expense | $767.0K | $530.0K | $746.0K | $941.0K | $1.14M | $1.35M |
| Income Tax | ($16.05M) | $14.06M | ($7.00M) | $2.79M | $7.48M | ($2.52M) |
| Net Income | ($37.83M) | $67.23M | ($2.31M) | $33.84M | $51.19M | $14.68M |
| EPS - Basic | ($0.77) | $1.38 | ($0.05) | $0.69 | $0.30 | - |
| EPS - Diluted | ($0.77) | $1.38 | ($0.05) | $0.69 | $0.30 | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $110.61M | $163.15M | $111.52M | $68.87M | $147.00M | $137.04M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $30.41M | $28.37M | $30.71M | $31.29M | $25.64M | $18.34M |
| Accounts Payable | $2.70M | $3.76M | $3.15M | $3.54M | $3.41M | $2.65M |
| Current Assets | $159.90M | $237.96M | $218.26M | $193.97M | $193.65M | $171.16M |
| Total Assets | $464.22M | $578.26M | $576.66M | $609.87M | $596.15M | $548.15M |
| Current Liabilities | $20.58M | $91.06M | $30.45M | $32.05M | $30.60M | $27.51M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $358.77M | $396.90M | $369.81M | $382.15M | $362.47M | $311.88M |
| Retained Earnings | $249.38M | $315.06M | $284.46M | $300.44M | $297.35M | $257.88M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($36.40M) | $25.57M | $37.00M | $26.93M | $17.61M | $19.02M |
| Investing Cash Flow | ($2.44M) | $58.87M | $22.10M | ($67.87M) | $6.71M | ($3.14M) |
| Financing Cash Flow | ($31.30M) | ($41.63M) | ($15.23M) | ($36.80M) | ($14.35M) | ($8.48M) |
| CapEx | $3.75M | $1.43M | $1.13M | $3.69M | $4.09M | $1.74M |
| Free Cash Flow | ($40.15M) | $24.14M | $35.87M | $23.24M | $13.52M | $17.28M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.4% | 28.3% | 30.5% | 29.3% | 30.4% | 28.7% |
| Operating margin | 6.7% | 26.0% | 8.8% | 8.2% | 7.5% | 2.1% |
| EBITDA margin | 9.1% | 28.5% | 11.2% | 10.6% | 10.2% | 5.4% |
| Net margin | -23.9% | 46.1% | -1.4% | 20.3% | 36.4% | 12.8% |
| Free cash flow margin | -25.4% | 16.5% | 22.2% | 14.0% | 9.6% | 15.1% |
| FCF / Net income | 1.06 | 0.36 | -15.54 | 0.69 | 0.26 | 1.18 |
| R&D / Revenue | 0.0% | 0.0% | 0.0% | - | 0.0% | 0.0% |
| SG&A / Revenue | 16.2% | 16.7% | 14.7% | 14.0% | 15.8% | 18.4% |
| Effective tax rate | - | 17.3% | - | 7.6% | 12.7% | -20.7% |
| Return on assets | -8.1% | 11.6% | -0.4% | 5.5% | 8.6% | 2.7% |
| Return on equity | -10.5% | 16.9% | -0.6% | 8.9% | 14.1% | 4.7% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 7.77 | 2.61 | 7.17 | 6.05 | 6.33 | 6.22 |
| Quick ratio | 6.29 | 2.30 | 6.16 | 5.08 | 5.49 | 5.56 |
| Cash ratio | 5.37 | 1.79 | 3.66 | 2.15 | 4.80 | 4.98 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 13.9x | 71.5x | 18.9x | 14.6x | 9.2x | 1.7x |
| Equity multiplier | 1.29 | 1.46 | 1.56 | 1.60 | 1.64 | 1.76 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.34 | 0.25 | 0.28 | 0.27 | 0.24 | 0.21 |
| Inventory turnover | 3.62 | 3.69 | 3.65 | 3.76 | 3.82 | 4.45 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 101d | 99d | 100d | 97d | 95d | 82d |
| Days payable outstanding | 9d | 13d | 10d | 11d | 13d | 12d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 5.6x | - | 9.9x | 24.7x | - |
| P / B | 0.7x | 1.0x | 0.7x | 0.9x | 1.0x | - |
| P / S | 1.7x | 2.6x | 1.7x | 2.0x | 2.6x | - |
| EV / EBITDA | 10.9x | 5.2x | 9.0x | 14.9x | 14.9x | - |
| Growth | ||||||
| Revenue growth (YoY) | 8.5% | -9.5% | -3.2% | 18.3% | 22.9% | -7.8% |
| Revenue CAGR (3y) | -1.7% | 1.2% | 12.1% | 10.3% | 8.9% | 0.7% |
| Revenue CAGR (5y) | 6.7% | 3.3% | 8.2% | 8.3% | 5.3% | 1.0% |
| Gross profit growth (YoY) | 16.5% | -16.0% | 0.9% | 14.2% | 30.1% | -15.7% |
| Operating income growth (YoY) | -71.8% | 168.1% | 2.9% | 30.9% | 345.1% | - |
| Net income growth (YoY) | - | - | - | -33.9% | 248.7% | -43.2% |
| EPS growth (YoY) | - | - | - | 130.0% | - | - |
| EPS CAGR (3y) | - | 66.3% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -32.7% | 54.4% | 71.9% | -21.8% | -28.8% |
| FCF CAGR (5y) | - | -0.1% | 7.9% | 8.0% | -11.2% | -6.2% |
| Book value growth (YoY) | -9.6% | 7.3% | -3.2% | 5.4% | 16.2% | 2.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$474.86M totalPoint Of Destination$158.28M · 33.3%
Single Reportable Segment$158.28M · 33.3%
Security Products$120.70M · 25.4%
Marine Components$37.58M · 7.9%
Geographic
$158.28M totalUS$154.18M · 97.4%
Other Countries$1.75M · 1.1%
CA$1.57M · 1.0%
MX$794.0K · 0.5%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Industrial Inorganic Chemicals
Comparing NL INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$0.58/share trailing 12 months · -23.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 10, 2026 | $0.1000 |
| Nov 21, 2025 | $0.0900 |
| Sep 5, 2025 | $0.0900 |
| Aug 18, 2025 | $0.2100 |
| Jun 9, 2025 | $0.0900 |
| Mar 11, 2025 | $0.0900 |
| Nov 29, 2024 | $0.0800 |
| Sep 6, 2024 | $0.0800 |
| Aug 19, 2024 | $0.4300 |
| Jun 10, 2024 | $0.0800 |
| Mar 8, 2024 | $0.0800 |
| Nov 30, 2023 | $0.0700 |
| Aug 31, 2023 | $0.0700 |
| Jun 2, 2023 | $0.0700 |
| Mar 6, 2023 | $0.0700 |
| Nov 30, 2022 | $0.0700 |
| Aug 31, 2022 | $0.0700 |
| Aug 19, 2022 | $0.3500 |
| Jun 3, 2022 | $0.0700 |
| Mar 11, 2022 | $0.0700 |
| Dec 1, 2021 | $0.0600 |
| Sep 1, 2021 | $0.0600 |
| Jun 4, 2021 | $0.0600 |
| Mar 12, 2021 | $0.0600 |