Industrials · Security & Protection Services
Price
$5.86
Market Cap
$286.3M
Employees
3,034
Beta
0.20
Avg Volume
58,133
CEO
Courtney J. Riley
Business Description
NL Industries, Inc., through its subsidiary CompX International Inc., is a global and domestic manufacturer specializing in diverse component products. The company provides an extensive portfolio of mechanical and electronic locking mechanisms. This range includes various cabinet locks, such as classic disc tumbler and pin tumbler designs, alongside modern electronic options like CompX eLock and StealthLock systems. These security solutions are integral to a wide array of applications, including ignition systems, mailboxes, office furniture (file and desk cabinets), tool storage, integrated inventory and access control for secure narcotics boxes, vending and cash containment systems, medical cabinetry, electronic circuit panels, general storage compartments, and gas station security. Beyond locking devices, NL Industries also supplies a broad selection of original equipment and aftermarket components, primarily for performance and ski/wakeboard boats. These offerings include stainless steel exhaust systems such as headers, pipes, and mufflers, as well as other exhaust-related parts. The company also provides instrumentation like GPS speedometers and tachometers, mechanical and electronic controls and throttles, and specialized marine accessories. The latter category encompasses wake enhancement devices, trim tabs, steering wheels, various billet aluminum accessories, grab handles, and pin cleats. Additionally, they offer electrical components such as dash panels, LED indicators, and wiring harnesses. Complementing its product lines, the company also delivers insurance brokerage and risk management services. NL Industries distributes its component products directly to original equipment manufacturers and leverages a network of distributors. Founded in 1891, NL Industries, Inc. is based in Dallas, Texas, and operates as a subsidiary of Valhi, Inc.
Business History
Price Overview
Last updated: Jun 27, 2026 9:01am (just now)$5.86
+0.10 (+1.74%)
Day Range
$5.71 – $5.88
52-Week Range
$5.04 – $8.60
50-Day MA
$6.21
200-Day MA
$5.97
Volume
41,819.00
Analyst Price Targets
Low
$6.00
Consensus
$6.00
High
$6.00
(1 analysts)
Share Structure
Outstanding
48,862,700.00
Float
8,274,653.00
Free Float
16.9%
Low free float
— 16.9% of shares trade freely, ~83.1% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (8.3M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-7.61
Stock Price: $5.86
EPS (Diluted): -0.77
EPS (Diluted): -0.77
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.74
Stock Price: $5.86
Total Equity: $358.77M
Shares: 48,857,000
Total Equity: $358.77M
Shares: 48,857,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-4.31
Market Cap: $286.34M
Total Debt: $500,000
Cash: $113.74M
EBITDA: -$47.01M
Total Debt: $500,000
Cash: $113.74M
EBITDA: -$47.01M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$154.0M
Market Cap: $286.34M
Total Debt: $500,000
Cash: $113.74M
Total Debt: $500,000
Cash: $113.74M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.69
Stock Price: $5.86
Revenue: $158.29M
Shares: 48,857,000
Revenue: $158.29M
Shares: 48,857,000
EV/Sales (Total value vs revenue — works when P/E can't)
API0.97
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
30.4%
Gross Profit: $48.18M
Revenue: $158.29M
Revenue: $158.29M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
6.0%
Operating Income: $9.54M
Revenue: $158.29M
Revenue: $158.29M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-23.9%
Net Income: -$37.83M
Revenue: $158.29M
Revenue: $158.29M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-9.2%
Net Income: -$37.83M
Total Equity: $358.77M
Total Equity: $358.77M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
1.7%
Operating Income: $9.54M
Tax Rate: 31.2%
Equity: $358.77M
Total Debt: $500,000
Cash: $113.74M
Tax Rate: 31.2%
Equity: $358.77M
Total Debt: $500,000
Cash: $113.74M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
7.77
Current Assets: $159.90M
Current Liabilities: $20.58M
Current Liabilities: $20.58M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $500,000
Total Debt: $500,000
Total Equity: $358.77M
Long-Term Debt: $500,000
Total Debt: $500,000
Total Equity: $358.77M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$3.24
Revenue: $158.29M
Shares: 48,857,000
Shares: 48,857,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$7.34
Total Equity: $358.77M
Shares: 48,857,000
Shares: 48,857,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.82
Operating CF: -$36.40M
CapEx: -$3.75M
Shares: 48,857,000
CapEx: -$3.75M
Shares: 48,857,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
10.4%
Last Dividend: N/A
Stock Price: $5.86
Stock Price: $5.86
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$37.83M
Net Income: -$37.83M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 11:39am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $140.8M | $166.6M | $161.3M | $145.9M | $158.3M |
| Cost of Revenue | $98.1M | $117.8M | $112.1M | $104.6M | $110.1M |
| Gross Profit | $42.7M | $48.8M | $49.2M | $41.4M | $48.2M |
| Operating Expenses | $32.3M | $35.1M | $35.1M | $3.5M | $38.6M |
| Operating Income | $10.5M | $13.7M | $14.1M | $37.9M | $9.5M |
| Net Income | $51.2M | $33.8M | -$2.3M | $67.2M | -$37.8M |
| EBITDA | $65.8M | $44.2M | -$1.7M | $107.8M | -$47.0M |
| EPS | $1.05 | $0.69 | $-0.05 | $1.38 | $-0.77 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 11:39am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $147.0M | $68.9M | $111.5M | $163.2M | $113.7M |
| Total Current Assets | $193.6M | $194.0M | $218.3M | $238.0M | $159.9M |
| Total Assets | $596.2M | $609.9M | $576.7M | $578.3M | $470.0M |
| Current Liabilities | $30.6M | $32.1M | $30.4M | $91.1M | $20.6M |
| Long-Term Debt | $500,000 | $500,000 | $500,000 | $500,000 | $500,000 |
| Total Liabilities | $211.2M | $207.1M | $184.9M | $162.4M | $93.2M |
| Total Equity | $362.5M | $382.2M | $369.8M | $396.9M | $358.8M |
| Retained Earnings | $297.4M | $300.4M | $284.5M | $315.1M | $249.4M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 11:39am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $17.6M | $26.9M | $37.0M | $25.6M | -$36.4M |
| Capital Expenditure | -$4.1M | -$3.7M | -$1.1M | -$1.4M | -$3.7M |
| Free Cash Flow | $13.5M | $23.2M | $35.9M | $24.1M | -$40.2M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.3M | -$1.7M | $0 | $0 | $0 |
| Net Change in Cash | $10.0M | -$77.7M | $43.9M | $42.8M | -$70.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:46am (6h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$160.0M $160.0M – $160.0M
|
$164.0M $164.0M – $164.0M
|
$163.8M $163.8M – $163.8M
|
$169.6M $169.6M – $169.6M
|
| EBITDA |
$37.2M $37.2M – $37.2M
|
$38.2M $38.2M – $38.2M
|
$38.1M $38.1M – $38.1M
|
$39.5M $39.5M – $39.5M
|
| Net Income |
$36.3M $36.3M – $36.3M
|
$27.8M $27.8M – $27.8M
|
$42.5M $42.5M – $42.5M
|
$42.5M $42.5M – $42.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 11:39am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +18.3% | -3.2% | -9.5% | +8.5% |
| Gross Profit Growth | +14.2% | +0.9% | -16.0% | +16.5% |
| Operating Income Growth | +30.9% | +2.9% | +168.1% | -74.8% |
| Net Income Growth | -33.9% | -106.8% | +3,012.8% | -156.3% |
| EBITDA Growth | -32.9% | -103.8% | +6,443.5% | -143.6% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-14 | TURNER R GERALD DR | A-Award | 6,000.00 | $6.67 | $40,020 |
| 2026-05-14 | MOORE CECIL H JR | A-Award | 6,000.00 | $6.67 | $40,020 |
| 2026-05-14 | Mendes Meredith W. | A-Award | 6,000.00 | $6.67 | $40,020 |
| 2026-05-14 | Kramer Kevin B | A-Award | 6,000.00 | $6.67 | $40,020 |
| 2026-05-14 | Harper John E | A-Award | 6,000.00 | $6.67 | $40,020 |
| 2026-05-14 | Feehan Loretta J. | A-Award | 6,000.00 | $6.67 | $40,020 |
| 2025-05-15 | Kramer Kevin B | A-Award | 2,500.00 | $8.04 | $20,100 |
| 2025-05-15 | Mendes Meredith W. | A-Award | 2,500.00 | $8.04 | $20,100 |
| 2025-05-15 | Harper John E | A-Award | 2,500.00 | $8.04 | $20,100 |
| 2025-05-15 | TURNER R GERALD DR | A-Award | 2,500.00 | $8.04 | $20,100 |
| 2025-05-15 | MOORE CECIL H JR | A-Award | 2,500.00 | $8.04 | $20,100 |
| 2025-05-15 | Feehan Loretta J. | A-Award | 2,500.00 | $8.04 | $20,100 |
| 2025-05-15 | TURNER R GERALD DR | 0.00 | $0.00 | $0 | |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 113.00 | $7.46 | $843 |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 10.00 | $7.40 | $74 |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 1.00 | $7.37 | $7 |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 588.00 | $7.36 | $4,328 |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 100.00 | $7.34 | $734 |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 188.00 | $7.33 | $1,378 |
| 2025-03-12 | Kramer Kevin B | P-Purchase | 186.00 | $7.24 | $1,347 |
Dividend History (Last 20)
Last updated: Jun 24, 2026 11:39am (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-04 | $0.10 | 2026-05-14 | 2026-06-04 | 2026-06-23 |
| 2026-03-10 | $0.10 | 2026-02-26 | 2026-03-10 | 2026-03-26 |
| 2025-11-21 | $0.09 | 2025-10-30 | 2025-11-21 | 2025-12-16 |
| 2025-09-05 | $0.09 | 2025-08-06 | 2025-09-05 | 2025-09-23 |
| 2025-08-18 | $0.21 | 2025-08-06 | 2025-08-18 | 2025-08-28 |
| 2025-06-09 | $0.09 | 2025-05-15 | 2025-06-09 | 2025-06-24 |
| 2025-03-11 | $0.09 | 2025-02-27 | 2025-03-11 | 2025-03-27 |
| 2024-11-29 | $0.08 | 2024-10-31 | 2024-11-29 | 2024-12-17 |
| 2024-09-06 | $0.08 | 2024-08-07 | 2024-09-06 | 2024-09-24 |
| 2024-08-19 | $0.43 | 2024-08-07 | 2024-08-19 | 2024-08-29 |
| 2024-06-10 | $0.08 | 2024-05-16 | 2024-06-10 | 2024-06-25 |
| 2024-03-08 | $0.08 | 2024-02-28 | 2024-03-11 | 2024-03-21 |
| 2023-11-30 | $0.07 | 2023-10-26 | 2023-12-01 | 2023-12-19 |
| 2023-08-31 | $0.07 | 2023-08-02 | 2023-09-01 | 2023-09-19 |
| 2023-06-02 | $0.07 | 2023-05-18 | 2023-06-05 | 2023-06-20 |
| 2023-03-06 | $0.07 | 2023-02-23 | 2023-03-07 | 2023-03-23 |
| 2022-11-30 | $0.07 | 2022-10-27 | 2022-12-01 | 2022-12-20 |
| 2022-08-31 | $0.07 | 2022-08-03 | 2022-09-01 | 2022-09-20 |
| 2022-08-19 | $0.35 | 2022-08-10 | 2022-08-22 | 2022-08-31 |
| 2022-06-03 | $0.07 | 2022-05-19 | 2022-06-06 | 2022-06-21 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NL — it's generated by the pipeline (
market-narrative step).
No community reviews yet for NL.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30