NL (NL Industries, Inc.) Stock Financials & Earnings | Market Cap Arena

NL (NL Industries, Inc.) Stock Financials & Earnings | Market Cap Arena

NLNL Industries, Inc.

Mkt Cap$303M

Industrials·Security & Protection Services·🇺🇸 United States·NYSE

Revenue (TTM)$159M

Net Income (TTM)$10M

EPS (TTM)$0.20

Free Cash Flow (TTM)-$40M

Gross Margin29.7%

Op. Margin26.1%

Net Margin6.1%

FCF Margin-25.3%

P/S Ratio (TTM)1.9x

P/E Ratio (TTM)31.2x

YoY Rev Growth+5.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$40M	$11M	$2M
Q1 23	$41M	$13M	$4M
Q2 23	$37M	$10M	$1M
Q3 23	$40M	$13M	$4M
Q4 23	$43M	$14M	$5M
Q1 24	$38M	$10M	$2M
Q2 24	$36M	$11M	$791K
Q3 24	$34M	$9M	$2M
Q4 24	$38M	$11M	$34M
Q1 25	$40M	$12M	$3M
Q2 25	$40M	$13M	$3M
Q3 25	$40M	$11M	$2M

Valuation

Quarter	P/S	P/E
Q4 22	1.8x	9.0x
Q1 23	1.8x	35.3x
Q2 23	1.9x	—
Q3 23	1.9x	—
Q4 23	1.9x	—
Q1 24	1.9x	26.9x
Q2 24	1.9x	13.7x
Q3 24	2.0x	5.2x
Q4 24	2.1x	4.5x
Q1 25	2.0x	5.0x
Q2 25	2.0x	5.7x
Q3 25	1.9x	31.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$7M	$7M
Q2 23	$14M	$13M
Q3 23	-$5M	-$6M
Q4 23	$22M	$21M
Q1 24	$7M	$6M
Q2 24	$16M	$15M
Q3 24	-$6M	-$6M
Q4 24	$9M	$9M
Q1 25	-$47M	-$48M
Q2 25	$7M	$6M
Q3 25	$8M	$7M
Q4 25	-$4M	-$5M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$270K
Q2 23	$208K
Q3 23	$86K
Q4 23	$566K
Q1 24	$305K
Q2 24	$425K
Q3 24	$464K
Q4 24	$238K
Q1 25	$822K
Q2 25	$1M
Q3 25	$983K
Q4 25	$599K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+17.3%	+14.7%
Q1 23	-2.1%	-3.2%
Q2 23	-12.1%	-6.1%
Q3 23	-5.9%	-7.5%
Q4 23	+8.0%	+2.1%
Q1 24	-7.7%	-2.8%
Q2 24	-2.0%	-0.3%
Q3 24	-16.6%	-13.8%
Q4 24	-11.0%	-87.7%
Q1 25	+6.1%	+3.4%
Q2 25	+12.5%	+7.0%
Q3 25	+18.7%	+20.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 22	$9M	—	—
Q1 23	$6M	—	—
Q2 23	$6M	—	—
Q3 23	$6M	—	—
Q4 23	$6M	—	—
Q1 24	$6M	$1M	—
Q2 24	$6M	—	—
Q3 24	$6M	—	—
Q4 24	$6M	—	—
Q1 25	$6M	—	—
Q2 25	$7M	—	—
Q3 25	—	—	$6M

Revenue Segments

Quarter	Marine Components	Security Products
Q4 22	$12M	$28M
Q1 23	$14M	$27M
Q2 23	$11M	$26M
Q3 23	$9M	$31M
Q1 24	$8M	$30M
Q2 24	$8M	$28M
Q3 24	$7M	$27M
Q1 25	$10M	$30M
Q2 25	$10M	$31M
Q3 25	$10M	$30M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$48M	$96M	$144M
Q2 23	$59M	$96M	$154M
Q3 23	$66M	$80M	$146M
Q4 23	$112M	$53M	$165M
Q1 24	$138M	$30M	$168M
Q2 24	$167M	$12M	$179M
Q3 24	$146M	$0	$146M
Q4 24	$163M	$0	$163M
Q1 25	$110M	$0	$110M
Q2 25	$111M	$0	$111M
Q3 25	$102M	$0	$102M
Q4 25	$0	$0	$0

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	49M	-0.0%
Q1 23	49M	+0.0%
Q2 23	49M	+0.0%
Q3 23	49M	+0.0%
Q4 23	49M	-0.1%
Q1 24	49M	+0.1%
Q2 24	49M	+0.0%
Q3 24	49M	+0.0%
Q4 24	49M	-0.0%
Q1 25	49M	+0.0%
Q2 25	49M	+0.0%
Q3 25	49M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$195K	532
FY 15	$213K	512
FY 16	$211K	516
FY 17	$215K	520
FY 18	$216K	547
FY 19	$227K	547
FY 20	$223K	513
FY 21	$247K	570
FY 22	$274K	609
FY 23	$291K	555
FY 24	$286K	510
FY 25	$288K	549