Latest Ratios: P/E Ratio 33.7x · EV/EBITDA 17.0x · ROE 10.6%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.0B | $670M | — | — | — | — | — | — | — | — |
| Enterprise Value | $1.2B | $1.1B | $671M | — | — | — | — | — | — | — | — |
| P/E Ratio → | 33.67 | 28.38 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 4.31 | 3.69 | 3.08 | — | — | — | — | — | — | — | — |
| P/B Ratio | 3.45 | 2.91 | 2.05 | — | — | — | — | — | — | — | — |
| P/FCF | 45.42 | 38.83 | — | — | — | — | — | — | — | — | — |
| P/OCF | 16.38 | 14.00 | 17.56 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.80 | 3.09 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 16.98 | 14.58 | 11.21 | — | — | — | — | — | — | — | — |
| EV / EBIT | 26.25 | 22.54 | 21.32 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 40.02 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6% | 35.6% | 35.5% | 34.9% | 31.1% | 13.9% | 3.9% | 16.5% | 19.0% | 18.7% | 7.1% |
| Operating Margin | 16.9% | 16.9% | 14.9% | 11.0% | 3.4% | -1.4% | -16.0% | 1.3% | 6.7% | 4.2% | -12.1% |
| Net Profit Margin | 13.0% | 13.0% | -69.1% | 7.0% | -10.8% | -4.2% | -16.4% | -1.6% | 3.4% | -0.8% | -8.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.6% | 10.6% | -40.5% | 3.5% | -4.7% | -5.4% | -15.6% | -2.3% | 5.8% | -1.2% | -8.0% |
| ROA | 8.6% | 8.6% | -29.0% | 2.1% | -2.8% | -3.5% | -10.0% | -1.4% | 3.6% | -0.7% | -4.9% |
| ROIC | 9.9% | 9.9% | 6.0% | 3.4% | 0.9% | -1.1% | -9.3% | 1.1% | 7.2% | 3.9% | -7.4% |
| ROCE | 12.7% | 12.7% | 7.6% | 4.3% | 1.1% | -1.5% | -11.9% | 1.3% | 8.4% | 4.6% | -8.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.06 | 0.18 | 0.32 | 0.30 | 0.24 | 0.34 | 0.28 | 0.29 | 0.31 |
| Debt / EBITDA | 0.51 | 0.51 | 0.31 | 1.34 | 2.97 | 4.11 | — | 3.25 | 1.48 | 2.25 | — |
| Net Debt / Equity | — | 0.09 | 0.00 | 0.17 | 0.26 | 0.24 | 0.18 | 0.25 | 0.19 | 0.19 | 0.14 |
| Net Debt / EBITDA | 0.44 | 0.44 | 0.01 | 1.32 | 2.45 | 3.39 | — | 2.40 | 0.97 | 1.46 | — |
| Debt / FCF | — | 1.20 | — | 1.02 | — | — | 2.22 | 5.03 | 5.78 | 14.85 | — |
| Interest Coverage | 3594.31 | 3594.31 | 12.01 | 5.80 | 1.50 | -1.07 | -7.43 | 0.78 | 4.18 | 2.21 | -5.56 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.43 | 1.43 | 2.53 | 2.62 | 2.61 | 2.58 | 2.14 | 3.72 | 3.69 | 3.19 | 2.57 |
| Quick Ratio | 1.22 | 1.22 | 2.20 | 2.48 | 1.70 | 1.55 | 1.17 | 2.19 | 2.30 | 2.14 | 1.78 |
| Cash Ratio | 0.09 | 0.09 | 0.40 | 0.01 | 0.14 | 0.16 | 0.20 | 0.38 | 0.40 | 0.36 | 0.49 |
| Asset Turnover | — | 0.63 | 0.55 | 0.32 | 0.27 | 0.82 | 0.69 | 0.91 | 1.03 | 0.83 | 0.59 |
| Inventory Turnover | 15.50 | 15.50 | 9.57 | 7.26 | 0.89 | 3.41 | 3.20 | 3.48 | 3.90 | 3.68 | 3.05 |
| Days Sales Outstanding | — | 78.79 | 125.60 | 75.26 | 458.15 | 115.36 | 104.50 | 96.45 | 98.10 | 129.78 | 165.90 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 3.5% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.2% | 2.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 1.9% | 2.2% | 0.7% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 1.9% | 2.2% | 0.7% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $86M | $87M | $88M | $94M | $91M | $90M | $90M | $93M | $88M | $84M |
Utility CAPEX cycle dependency
Based on current market data, NPKI trades at a TTM P/E of 37.17, which appears to reflect a persistent conglomerate discount as investors struggle to reconcile the company's legacy oilfield services identity with its emerging, higher-margin infrastructure rental business model compared to specialty rental peers.
The forward P/E of 29.31 suggests that the market is pricing in a degree of earnings growth, yet the valuation remains tethered to historical oilfield service multiples. Investors should monitor whether the ongoing divestiture of lower-margin fluids assets leads to a multiple expansion as the company's revenue mix shifts toward more predictable, project-based utility infrastructure income.
As reported in financial statements, NPKI's ROIC has struggled to maintain positive momentum, hovering near -0.1% in 2026Q1, which suggests that the company has yet to achieve the compounding returns on invested capital expected from a specialized infrastructure rental provider in this competitive sector.
The persistent gap between invested capital and returns indicates that the high fixed-cost nature of the DURA-BASE fleet requires significantly higher utilization rates to drive meaningful value creation. The current trend warrants further investigation into whether the recent strategic pivot will eventually improve capital efficiency or if the asset-heavy nature of the business will continue to suppress returns.
According to recent quarterly filings, NPKI's cash conversion cycle has exhibited extreme volatility, peaking at 354 days in 2024Q2 before moderating to 50 days in 2026Q1, highlighting significant shifts in working capital management as the company transitions away from its legacy fluids operations.
The improvement in the cash conversion cycle appears to be a direct result of the divestiture of the more inventory-intensive fluids business. However, the high DSO levels suggest that the company's leverage over its utility and infrastructure customers remains inconsistent, requiring careful monitoring of receivables quality as the business model matures.
The most commonly misapplied ratio for NPKI is the P/E multiple, which fails to account for the significant non-cash depreciation expense inherent in the company's DURA-BASE composite matting fleet, thereby obscuring the true underlying cash-generating power of the infrastructure rental segment.
Analysts should prioritize EV/EBITDA or P/FCF over P/E to better capture the operational reality of a capital-intensive rental business. Relying on earnings-based multiples may lead to an inaccurate assessment of value, as depreciation schedules can be adjusted to artificially inflate or deflate reported net income.
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NPKI stock.
NPK International Inc.'s current P/E ratio is 33.7x. The historical average is 28.4x. This places it at the 100th percentile of its historical range.
NPK International Inc.'s current EV/EBITDA is 17.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
NPK International Inc.'s return on equity (ROE) is 10.6%. The historical average is -0.1%.
Based on historical data, NPK International Inc. is trading at a P/E of 33.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NPK International Inc. has 35.6% gross margin and 16.9% operating margin. Operating margin between 10-20% is typical for established companies.
NPK International Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.