NL Industries, Inc.(NL)Earnings, Financials & Key Ratios

NL•NYSE

$5.92

$289M mkt cap·Price updated May 6, 2026

SectorIndustrials IndustrySecurity Services Sub-IndustryElectronic Security Systems and Monitoring

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$17M-72.2%
Net Income-$38M-156.3%
EPS (Diluted)-0.77-155.8%
Gross Margin30.44%+7.4%
EBITDA Margin10.88%-74.3%
Operating Margin8.58%-67.0%
Net Margin-23.9%-151.9%
ROE-9.54%-157.3%
ROIC3.94%-63.0%
Debt/Equity0.00+10.4%
Interest Coverage17.70-88.8%

Technical→

NL Key Insights

NL Industries, Inc. (NL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓Healthy 5Y average net margin of 15.5%
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.2%
✗Negative free cash flow
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NL Price & Volume

NL Industries, Inc. (NL) stock price & volume — 10-year historical chart

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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 Years0.49%

5 Years3.42%

3 Years4.25%

Last Year2.9%

NL Recent Earnings

NL Industries, Inc. (NL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 5/12 qtrs (45%)●Beat Revenue 1/12 qtrs (50%)

Q2 2026Latest

Mar 9, 2026

EPS

$0.63

Est $0.18

-440.5%

Revenue

$38M

Est $38M

+0.0%

Q4 2025

Nov 6, 2025

EPS

$0.16

Est $0.18

-189.4%

Revenue

$40M

Q3 2025

Aug 6, 2025

EPS

$0.01

Est $0.19

-94.7%

Revenue

$40M

Q2 2025

May 7, 2025

EPS

$0.01

Est $0.21

-95.2%

Revenue

$40M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	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
Q2 2025	May 7, 2025	$0.01vs $0.21-95.2%	$40M

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
KALUKaiser Aluminum CorporationDirect Competitor	2.92B	180.42	26.65	11.54%	4.14%	18.68%	1.36
CODICompass DiversifiedDirect Competitor	874.24M	11.62	-3.81	4.79%	-12.3%	-49.61%	3.27
HBBHamilton Beach Brands Holding CompanyDirect Competitor	274.15M	20.42	10.47	-7.31%	4.73%	16.21%	0.23
SXIStandex International CorporationDirect Competitor	3.26B	269.11	58.00	9.64%	6.2%	7.35%	0.82
COMPCompass, Inc.Product Competitor	5.19B	9.24	-92.40	23.67%	0.17%	1.11%	0.58
LIQTLiqTech International, Inc.Product Competitor	20.79M	2.16	-2.43	13.03%	-53.25%	-69.97%	1.17
TREXTrex Company, Inc.Product Competitor	4.25B	39.91	22.42	1.98%	16.22%	19.16%	0.22
ALLEAllegion plcProduct Competitor	11.63B	135.33	18.19	7.82%	15.24%	32.08%	1.10

Compare NL vs Peers

NL Industries, Inc. (NL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KALU

Most directly comparable listed peer for NL.

Scale Benchmark

vs STLD

Larger-name benchmark to compare NL against a more recognizable public peer.

Peer Set

Compare Top 5

vs KALU, CODI, HBB, SXI

NL Income Statement

NL Industries, Inc. (NL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	112M	118.2M	124.24M	114.54M	140.81M	166.56M	161.29M	145.94M	158.28M	158.58M
Revenue Growth %	2.85%	5.54%	5.11%	-7.81%	22.94%	18.28%	-3.17%	-9.51%	8.46%	6.98%
Cost of Goods Sold	77.2M	79.9M	85.28M	81.69M	98.07M	117.76M	112.07M	104.58M	110.11M	109.31M
COGS % of Revenue	68.93%	67.6%	68.64%	71.32%	69.64%	70.7%	69.48%	71.66%	69.56%	-
Gross Profit	34.8M▲ 0%	38.3M▲ 10.1%	38.96M▲ 1.7%	32.85M▼ 15.7%	42.75M▲ 30.1%	48.8M▲ 14.2%	49.22M▲ 0.9%	41.36M▼ 16.0%	48.18M▲ 16.5%	49.27M▲ 0%
Gross Margin %	31.07%	32.4%	31.36%	28.68%	30.36%	29.3%	30.52%	28.34%	30.44%	31.07%
Gross Profit Growth %	-1.14%	10.06%	1.73%	-15.69%	30.14%	14.15%	0.86%	-15.96%	16.48%	-
Operating Expenses	34.3M	38.3M	40.57M	30.49M	32.26M	35.07M	35.09M	3.49M	34.6M	33.99M
OpEx % of Revenue	30.63%	32.4%	32.66%	26.62%	22.91%	21.05%	21.76%	2.39%	21.86%	-
Selling, General & Admin	34.5M	38.9M	35.26M	31.27M	22.89M	24.5M	25.15M	25.55M	25.57M	27.85M
SG&A % of Revenue	30.8%	32.91%	28.38%	27.31%	16.25%	14.71%	15.59%	17.51%	16.16%	-
Research & Development	17M	18M	0	0	0	0	0	0	16M	0
R&D % of Revenue	15.18%	15.23%	-	-	-	-	-	-	10.11%	-
Other Operating Expenses	170K	-100K	5.31M	-784K	9.37M	10.57M	9.94M	-22.06M	-6.97M	2M
Operating Income	900K▲ 0%	-60.7M▼ 6844.4%	-1.61M▲ 97.3%	2.36M▲ 246.5%	10.49M▲ 345.1%	13.73M▲ 30.9%	14.13M▲ 2.9%	37.88M▲ 168.1%	13.57M▼ 64.2%	12.33M▲ 0%
Operating Margin %	0.8%	-51.35%	-1.29%	2.06%	7.45%	8.24%	8.76%	25.95%	8.58%	7.78%
Operating Income Growth %	190%	-6844.44%	97.35%	246.49%	345.1%	30.88%	2.9%	168.07%	-64.16%	-
EBITDA	4.63M	-57.22M	2.08M	6.18M	14.33M	17.71M	18.1M	61.87M	17.23M	15.04M
EBITDA Margin %	4.14%	-48.41%	1.67%	5.4%	10.18%	10.63%	11.22%	42.39%	10.88%	9.48%
EBITDA Growth %	67.05%	-1334.87%	103.63%	197.88%	131.73%	23.57%	2.23%	241.77%	-72.15%	-65.33%
D&A (Non-Cash Add-back)	3.73M	3.48M	3.69M	3.83M	3.84M	3.98M	3.97M	23.99M	3.65M	2.71M
EBIT	4.29M	-54.34M	29.3M	14.94M	61.98M	40.18M	-5.67M	83.85M	13.57M	-3.46M
Net Interest Income	3.54M	5.03M	5.99M	1.25M	461K	2.86M	8.89M	10.45M	6.23M	2.69M
Interest Income	3.57M	5.07M	6.7M	2.6M	1.6M	3.8M	9.64M	10.98M	7M	2.89M
Interest Expense	30K	37K	700K	1.35M	1.14M	941K	746K	530K	767K	180K
Other Income/Expense	110.49M	6.29M	30.22M	11.23M	50.35M	25.51M	-20.55M	45.44M	-65M	-58.49M
Pretax Income	112.2M▲ 0%	-54.4M▼ 148.5%	28.61M▲ 152.6%	13.59M▼ 52.5%	60.84M▲ 347.7%	39.24M▼ 35.5%	-6.42M▼ 116.4%	83.32M▲ 1398.0%	-51.42M▼ 161.7%	-46.16M▲ 0%
Pretax Margin %	100.18%	-46.02%	23.03%	11.86%	43.2%	23.56%	-3.98%	57.09%	-32.49%	-29.11%
Income Tax	-5.6M	-15.4M	579K	-2.52M	7.48M	2.79M	-7M	14.06M	-16.05M	-14.56M
Effective Tax Rate %	-4.99%	28.31%	2.02%	-18.51%	12.29%	7.1%	109.07%	16.87%	31.22%	31.54%
Net Income	116.1M▲ 0%	-41M▼ 135.3%	25.84M▲ 163.0%	14.68M▼ 43.2%	51.19M▲ 248.7%	33.84M▼ 33.9%	-2.31M▼ 106.8%	67.23M▲ 3012.8%	-37.83M▼ 156.3%	-34.15M▲ 0%
Net Margin %	103.66%	-34.69%	20.8%	12.82%	36.35%	20.32%	-1.43%	46.07%	-23.9%	-21.53%
Net Income Growth %	658.82%	-135.31%	163.03%	-43.2%	248.69%	-33.88%	-106.82%	3012.83%	-156.27%	-155.93%
Net Income (Continuing)	117.83M	-39.01M	28.04M	16.1M	53.36M	36.46M	582K	69.26M	-35.37M	-32.35M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	17.76M	19.44M	22.71M	23.47M	22.5M	20.6M	21.95M	19M	18.02M	18.3M
EPS (Diluted)	2.38▲ 0%	-0.84▼ 135.3%	0.53▲ 163.1%	0.30▼ 43.4%	1.05▲ 250.0%	0.69▼ 34.3%	-0.05▼ 106.9%	1.38▲ 3017.5%	-0.77▼ 155.8%	-0.70▲ 0%
EPS Growth %	667.74%	-135.29%	163.1%	-43.4%	250%	-34.29%	-106.86%	3017.55%	-155.8%	-155.42%
EPS (Basic)	2.38	-0.84	0.53	0.30	1.05	0.69	-0.05	1.38	-0.77	-
Diluted Shares Outstanding	48.71M	48.73M	48.74M	48.78M	48.8M	48.81M	48.83M	48.84M	48.86M	48.86M
Basic Shares Outstanding	48.71M	48.73M	48.74M	48.78M	48.8M	48.81M	48.83M	48.84M	48.86M	48.86M
Dividend Payout Ratio	-	-	-	53.17%	22.88%	90.87%	-	54.49%	-	-

NL Balance Sheet

NL Industries, Inc. (NL) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	130.67M	166.64M	164.68M	171.16M	193.65M	193.97M	218.26M	237.96M	159.9M	0
Cash & Short-Term Investments	98.32M	116.26M	129.73M	137.04M	147M	139.03M	164.67M	163.15M	113.74M	0
Cash Only	98.32M	116.26M	129.73M	137.04M	147M	68.87M	111.52M	163.15M	113.74M	0
Short-Term Investments	0	0	0	0	0	70.16M	53.15M	0	0	0
Accounts Receivable	12.44M	27.51M	12.51M	11.46M	15.61M	18.51M	17.73M	23.74M	13.8M	0
Days Sales Outstanding	40.53	84.95	36.75	36.5	40.46	40.55	40.12	59.37	31.82	27.99
Inventory	15.38M	17.1M	18.35M	18.34M	25.64M	31.29M	30.71M	28.37M	0	0
Days Inventory Outstanding	72.73	78.13	78.53	81.93	95.44	96.98	100.03	99	-	53.3
Other Current Assets	3.37M	19.28M	2.69M	2.69M	2.77M	5.14M	5.15M	20.55M	32.36M	0
Total Non-Current Assets	420.95M	380.6M	392.81M	376.99M	402.5M	415.9M	358.4M	340.3M	310.11M	0
Property, Plant & Equipment	32.53M	32.03M	31.02M	28.95M	29.18M	28.69M	25.86M	24.03M	0	0
Fixed Asset Turnover	3.44x	3.69x	4.01x	3.96x	4.83x	5.80x	6.24x	6.07x	-	13.25x
Goodwill	27.16M	27.16M	27.16M	27.16M	27.16M	27.16M	27.16M	27.16M	27.16M	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	318.22M	283.31M	275.23M	260.58M	299.24M	318.56M	265.78M	278.29M	252.84M	778.09M
Other Non-Current Assets	-6.27M	2.21M	59.41M	60.3M	46.93M	41.49M	39.6M	10.82M	30.12M	68.59M
Total Assets	551.62M▲ 0%	547.24M▼ 0.8%	557.49M▲ 1.9%	548.15M▼ 1.7%	596.15M▲ 8.8%	609.87M▲ 2.3%	576.66M▼ 5.4%	578.26M▲ 0.3%	470.01M▼ 18.7%	0▲ 0%
Asset Turnover	0.20x	0.22x	0.22x	0.21x	0.24x	0.27x	0.28x	0.25x	0.34x	0.42x
Asset Growth %	43.28%	-0.79%	1.87%	-1.68%	8.76%	2.3%	-5.44%	0.28%	-18.72%	-143.02%
Total Current Liabilities	19.58M	81.32M	29.81M	27.51M	30.6M	32.05M	30.45M	91.06M	20.58M	14.63M
Accounts Payable	4.12M	5.4M	3.44M	2.65M	3.41M	3.54M	3.78M	3.76M	3.49M	3.24M
Days Payables Outstanding	19.46	24.66	14.71	11.83	12.68	10.96	12.32	13.12	11.56	11.76
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.12M	61.9M	11.98M	11.03M	12.99M	13.65M	13.72M	86.6M	17.09M	14.63M
Current Ratio	6.67x	2.05x	5.52x	6.22x	6.33x	6.05x	7.17x	2.61x	7.77x	7.77x
Quick Ratio	5.89x	1.84x	4.91x	5.56x	5.49x	5.08x	6.16x	2.30x	7.77x	7.77x
Cash Conversion Cycle	93.8	138.42	100.57	106.61	123.21	126.57	127.83	145.26	-	69.53
Total Non-Current Liabilities	178.95M	162.36M	200.47M	185.29M	180.58M	175.07M	154.45M	71.29M	72.64M	68.93M
Long-Term Debt	500K	500K	500K	500K	500K	500K	500K	500K	500K	926K
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	56.63M	38.69M	38.01M	35.55M	45.78M	52.83M	0	58.17M	59.9M	175.6M
Other Non-Current Liabilities	178.45M	161.86M	161.96M	149.25M	134.3M	121.73M	153.95M	12.62M	12.25M	108.01M
Total Liabilities	198.54M	243.68M	230.28M	212.8M	211.18M	207.12M	184.9M	162.35M	93.22M	83.56M
Total Debt	500K	500K	500K	500K	500K	500K	500K	500K	500K	926K
Net Debt	-97.82M	-115.76M	-129.23M	-136.54M	-146.5M	-68.37M	-111.02M	-162.65M	-113.24M	926K
Debt / Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt / EBITDA	0.11x	-	0.24x	0.08x	0.03x	0.03x	0.03x	0.01x	0.03x	0.06x
Net Debt / EBITDA	-21.11x	-	-62.25x	-22.08x	-10.22x	-3.86x	-6.13x	-2.63x	-6.57x	-6.57x
Interest Coverage	143.07x	-1468.57x	41.85x	11.07x	54.27x	42.70x	-7.60x	158.20x	17.70x	-19.20x
Total Equity	353.08M▲ 0%	303.56M▼ 14.0%	327.21M▲ 7.8%	335.35M▲ 2.5%	384.97M▲ 14.8%	402.75M▲ 4.6%	391.76M▼ 2.7%	415.9M▲ 6.2%	376.79M▼ 9.4%	377.63M▲ 0%
Equity Growth %	81.75%	-14.03%	7.79%	2.49%	14.8%	4.62%	-2.73%	6.16%	-9.4%	-16.17%
Book Value per Share	7.25	6.23	6.71	6.88	7.89	8.25	8.02	8.52	7.71	7.73
Total Shareholders' Equity	335.32M	284.12M	304.51M	311.88M	362.47M	382.15M	369.81M	396.9M	358.77M	359.33M
Common Stock	6.09M	6.09M	6.09M	6.1M	6.1M	6.1M	6.1M	6.11M	6.11M	6.11M
Retained Earnings	220.1M	225.16M	251M	257.88M	297.35M	300.44M	284.46M	315.06M	249.38M	248.84M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-191.74M	-248.27M	-251.69M	-251.19M	-240.76M	-222.99M	-219.62M	-223.36M	-196.07M	-194.97M
Minority Interest	17.76M	19.44M	22.71M	23.47M	22.5M	20.6M	21.95M	19M	18.02M	18.3M

NL Cash Flow Statement

NL Industries, Inc. (NL) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	18.64M	17.08M	27.43M	19.02M	17.61M	26.93M	37M	25.57M	-36.4M	-36.4M
Operating CF Margin %	16.64%	14.45%	22.08%	16.61%	12.51%	16.17%	22.94%	17.52%	-23%	-
Operating CF Growth %	-32.71%	-8.38%	60.66%	-30.66%	-7.43%	52.94%	37.4%	-30.89%	-242.34%	132.82%
Net Income	117.83M	-39.01M	28.04M	16.1M	53.36M	36.46M	-2.31M	69.26M	-35.37M	-34.15M
Depreciation & Amortization	3.73M	3.48M	3.69M	3.83M	3.84M	3.98M	3.97M	3.69M	3.65M	3.58M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-603K	-15.18M	430K	-2.53M	7.45M	2.29M	-7.31M	13.72M	-16.22M	-14.22M
Other Non-Cash Items	283K	-2K	-8.32M	15.21M	-24.33M	3.73M	55.54M	-19.02M	74.88M	61.1M
Working Capital Changes	-15.35M	47.09M	3.61M	-13.59M	-22.71M	-19.52M	-12.89M	-42.08M	-63.34M	-9.37M
Change in Receivables	-117K	-16.95M	15.49M	1.12M	-4.49M	-2.27M	754K	-6.68M	9.92M	-867K
Change in Inventory	-473K	-1.85M	-1.44M	-193K	-7.48M	-5.83M	333K	2.13M	-2.33M	-1.2M
Change in Payables	-1.7M	61.77M	-26.36M	-13.16M	0	-10.39M	-12.05M	-13.26M	-15.85M	-20.06M
Cash from Investing	-13.61M	1.31M	9.92M	-3.14M	6.71M	-67.87M	22.1M	58.87M	-2.44M	-1.43M
Capital Expenditures	-2.81M	-3.12M	-3.17M	-1.74M	-4.09M	-3.69M	-1.13M	-1.43M	-3.75M	-3.33M
CapEx % of Revenue	2.51%	2.64%	2.55%	1.52%	2.91%	2.22%	0.7%	0.98%	2.37%	-
Acquisitions	0	0	2.92M	0	0	0	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-10.8M	4.42M	10.16M	-1.4M	10.8M	5.78M	2.6M	60.3M	1.31M	1.9M
Cash from Financing	-333K	-335K	-470K	-8.48M	-14.35M	-36.8M	-15.23M	-41.63M	-31.3M	-31.79M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	0	0	0	0	-1.31M	-1.74M	0	0	0	0
Dividends Paid	-21.13M	-23.95M	0	-7.8M	-11.71M	-30.75M	-13.67M	-36.63M	-27.85M	-25.21M
Share Repurchases	0	0	0	0	-1.31M	-1.74M	0	0	0	0
Other Financing	-333K	-335K	-470K	-676K	-1.32M	-4.3M	-1.55M	-5M	-3.45M	-6.57M
Net Change in Cash	4.7M▲ 0%	18.05M▲ 284.1%	36.88M▲ 104.3%	7.4M▼ 79.9%	9.97M▲ 34.7%	-77.74M▼ 879.7%	43.88M▲ 156.4%	42.81M▼ 2.4%	-69.96M▼ 263.4%	-16.8M▲ 0%
Free Cash Flow	15.83M▲ 0%	13.96M▼ 11.8%	24.27M▲ 73.9%	17.28M▼ 28.8%	13.52M▼ 21.8%	23.24M▲ 71.9%	35.87M▲ 54.4%	24.14M▼ 32.7%	-40.15M▼ 266.3%	4.2M▲ 0%
FCF Margin %	14.13%	11.81%	19.53%	15.09%	9.6%	13.95%	22.24%	16.54%	-25.37%	2.65%
FCF Growth %	-35.38%	-11.81%	73.87%	-28.79%	-21.8%	71.93%	54.39%	-32.7%	-266.31%	113.73%
FCF per Share	0.32	0.29	0.50	0.35	0.28	0.48	0.73	0.49	-0.82	-0.82
FCF Conversion (FCF/Net Income)	0.16x	-0.42x	1.06x	1.30x	0.34x	0.80x	-16.03x	0.38x	0.96x	-0.12x
Interest Paid	30K	0	36K	27K	26K	34K	0	51K	0	11K
Taxes Paid	3.11M	0	0	46K	32K	1.14M	0	127K	0	0

NL Key Ratios

NL Industries, Inc. (NL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	42.42%	-12.49%	8.19%	4.43%	14.21%	8.59%	-0.58%	16.65%	-9.54%	-8.73%
Return on Invested Capital (ROIC)	0.38%	-20.55%	-0.63%	0.89%	3.6%	3.6%	3.45%	10.64%	3.94%	3.94%
Gross Margin	31.07%	32.4%	31.36%	28.68%	30.36%	29.3%	30.52%	28.34%	30.44%	31.07%
Net Margin	103.66%	-34.69%	20.8%	12.82%	36.35%	20.32%	-1.43%	46.07%	-23.9%	-21.53%
Debt / Equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage	143.07x	-1468.57x	41.85x	11.07x	54.27x	42.70x	-7.60x	158.20x	17.70x	-19.20x
FCF Conversion	0.16x	-0.42x	1.06x	1.30x	0.34x	0.80x	-16.03x	0.38x	0.96x	-0.12x
Revenue Growth	2.85%	5.54%	5.11%	-7.81%	22.94%	18.28%	-3.17%	-9.51%	8.46%	6.98%

NL SEC Filings & Documents

NL Industries, Inc. (NL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 6, 2026·SEC

Material company update

Mar 9, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

FY 2026

Mar 9, 2026·SEC

FY 2025

Mar 6, 2025·SEC

FY 2024

Mar 6, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 6, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

NL Frequently Asked Questions

NL Industries, Inc. (NL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

NL Industries, Inc. (NL) reported $158.6M in revenue for fiscal year 2025. This represents a 84% decrease from $986.1M in 1996.

NL Industries, Inc. (NL) grew revenue by 8.5% over the past year. This is steady growth.

NL Industries, Inc. (NL) reported a net loss of $34.1M for fiscal year 2025.

Dividend & Returns

Yes, NL Industries, Inc. (NL) pays a dividend with a yield of 9.63%. This makes it attractive for income-focused investors.

NL Industries, Inc. (NL) has a return on equity (ROE) of -9.5%. Negative ROE indicates the company is unprofitable.

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.

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