NL Industries, Inc. (NL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NL Revenue Growth
Revenue Breakdown (FY 2025)
NL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
NL Revenue Analysis (2014–2025)
As of May 8, 2026, NL Industries, Inc. (NL) generated trailing twelve-month (TTM) revenue of $158.6 million, reflecting modest growth of +0.7% year-over-year. The most recent quarter (Q1 2026) recorded $40.6 million in revenue, up 7.6% sequentially.
Looking at the longer-term picture, NL's 5-year compound annual growth rate (CAGR) stands at +6.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $166.6 million in 2022.
Revenue diversification analysis shows NL's business is primarily driven by Security Products (76%), and Marine Components (24%). With over half of revenue concentrated in Security Products, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including KALU (+20.8% YoY), CODI (-8.2% YoY), and HBB (-9.8% YoY), NL has underperformed the peer group in terms of revenue growth. Compare NL vs KALU →
NL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NLCurrent | $159M | +0.7% | +6.7% | 8.6% | |
 KALU | $3.4B | +20.8% | +23.5% | 5.7% | |
 CODI | $1.9B | -8.2% | +5.3% | 2.3% | |
 HBB | $607M | -9.8% | +0.1% | 6.0% | |
 SXI | $790M | +21.0% | +5.5% | 15.4% | |
 COMP | $7.0B | +40.1% | +13.3% | -0.4% |
NL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $158.3M | +8.5% | $48.2M | 30.4% | $13.6M | 8.6% |
| 2024 | $145.9M | -9.5% | $41.4M | 28.3% | $37.9M | 26.0% |
| 2023 | $161.3M | -3.2% | $49.2M | 30.5% | $14.1M | 8.8% |
| 2022 | $166.6M | +18.3% | $48.8M | 29.3% | $13.7M | 8.2% |
| 2021 | $140.8M | +22.9% | $42.7M | 30.4% | $10.5M | 7.5% |
| 2020 | $114.5M | -7.8% | $32.8M | 28.7% | $2.4M | 2.1% |
| 2019 | $124.2M | +5.1% | $39.0M | 31.4% | $-1,609,000 | -1.3% |
| 2018 | $118.2M | +5.5% | $38.3M | 32.4% | $-60,700,000 | -51.4% |
| 2017 | $112.0M | +2.8% | $34.8M | 31.1% | $900K | 0.8% |
| 2016 | $108.9M | -0.1% | $35.2M | 32.3% | $-1,000,000 | -0.9% |
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Start ComparisonNL — Frequently Asked Questions
Quick answers to the most common questions about buying NL stock.
Is NL's revenue growth accelerating or slowing?
NL revenue growth slowed to +0.7%, below the 5-year CAGR of +6.7%. TTM revenue is $159M. The deceleration marks a shift from historical growth rates.
What is NL's long-term revenue growth rate?
NL Industries, Inc.'s 5-year revenue CAGR of +6.7% reflects the variable expansion pattern. Current YoY growth of +0.7% is near this long-term average.
How is NL's revenue distributed by segment?
NL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.