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NL Industries, Inc.(NL)Earnings, Financials & Key Ratios
NL•NYSE
$6.03
Price updated Jul 7, 2026
AboutNL Industries, Inc., through its subsidiary, CompX International Inc., operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, integrated inventory and access control secured narcotics boxes, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security. It also offers original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers, and other exhaust components; gauges, such as GPS speedometers and tachometers; mechanical and electronic controls and throttles; wake enhancement devices, trim tabs, steering wheels, and other billet aluminum accessories; grab handles, pin cleats, and other accessories; and dash panels, LED indicators, wire harnesses, and other accessories primarily for performance and ski/wakeboard boats. In addition, the company offers insurance brokerage and risk management services. It sells its component products directly to original equipment manufacturers, as well as through distributors. NL Industries, Inc. was founded in 1891 and is based in Dallas, Texas. NL Industries, Inc. is a subsidiary of Valhi, Inc.Show more
- Revenue$158M+8.5%
- EBITDA$13M-78.7%
- Net Income-$38M-156.3%
- EPS (Diluted)-0.77-155.8%
- Gross Margin30.44%+7.4%
- EBITDA Margin8.33%-80.3%
- Operating Margin6.02%-76.8%
- Net Margin-23.9%-151.9%
- ROE-9.54%-157.3%
NL Price & Volume
NL Industries, Inc. (NL) stock price & volume — 10-year historical chart
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Legacy Litigation Overhang Masks Operational Value Potential
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Legacy legal liability overhang
Key Thesis Takeaways
- NL Industries operates as a niche industrial entity where core manufacturing performance is frequently obscured by volatile non-operating items and significant legacy legal liabilities.
- While the company maintains a debt-free balance sheet with $105.0M in cash as of 2026Q1, the persistent risk of environmental and lead paint litigation creates a valuation discount that complicates traditional fundamental analysis.
- Investors should monitor the sustainability of the 9.7% dividend yield against the backdrop of erratic free cash flow, which swung from a 48.6% margin in 2023Q4 to a -119.9% margin in 2025Q1.
Verdict Logic
while the company trades at a forward P/E of 6.74, the lack of consistent free cash flow and the potential for material cash outflows related to legacy litigation warrant a cautious approach.
NL Growth Metrics
NL Industries, Inc. (NL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.8%
5 Years6.68%
3 Years-1.68%
TTM6.98%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-155.93%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-155.42%
Return on Capital
10 Years0.41%
5 Years3.24%
3 Years3.96%
Last Year2.04%
NL Recent Earnings
NL Industries, Inc. (NL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 2/12 qtrs (100%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.09-60.2%
$0.23
Rev
$41M+0.1%
$41M
Q2 2026
Mar 9, 2026Metric
Actual
Est
EPS
$0.63-440.5%
$0.18
Rev
$38M+0.0%
$38M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.16-189.4%
$0.18
Rev
$40M
—
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.01-94.7%
$0.19
Rev
$40M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.09vs $0.23-60.2% | $41Mvs $41M+0.1% |
| Q2 2026 | Mar 9, 2026 | $0.63vs $0.18-440.5% | $38Mvs $38M+0.0% |
| Q4 2025 | Nov 6, 2025 | $0.16vs $0.18-189.4% | $40M |
| Q3 2025 | Aug 6, 2025 | $0.01vs $0.19-94.7% | $40M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for NL Industries, Inc. (NL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.03 | $294.64M | -7.83 | 8.46% | -23.9% | -9.54% | 9.45% | |
| $170.83 | $2.77B | 25.23 | 11.54% | 4.14% | 18.68% | — | |
| $10.05 | $756.12M | -3.30 | 4.79% | -12.3% | -49.61% | — | |
| $21.34 | $286.5M | 10.94 | -7.31% | 4.73% | 16.21% | — | |
| $348.46 | $4.22B | 75.10 | 9.64% | 11.18% | 13.12% | — | |
| $11.88 | $7.23B | -118.80 | 23.67% | 0.17% | 1.11% | — |
Compare NL vs Peers
NL Industries, Inc. (NL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NL SEC Filings & Documents
NL Industries, Inc. (NL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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NL Frequently Asked Questions
NL Industries, Inc. (NL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is NL Industries, Inc.'s revenue?
NL Industries, Inc. (NL) reported $158.6M in revenue for fiscal year 2025. This represents a 84% decrease from $986.1M in 1996.
How fast is NL Industries, Inc. growing?
NL Industries, Inc. (NL) grew revenue by 8.5% over the past year. This is steady growth.
Is NL profitable?
NL Industries, Inc. (NL) reported a net loss of $34.1M for fiscal year 2025.
Dividend & Returns
Does NL pay dividends?
Yes, NL Industries, Inc. (NL) pays a dividend with a yield of 9.45%. This makes it attractive for income-focused investors.
What is NL's return on equity?
NL Industries, Inc. (NL) has a return on equity (ROE) of -9.5%. Negative ROE indicates the company is unprofitable.
What is NL Industries, Inc.'s free cash flow?
NL Industries, Inc. (NL) generated $4.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.