Latest Ratios: P/E Ratio 27.9x · EV/EBITDA 14.1x · 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 | $989M | $1.0B | $670M | — | — | — | — | — | — | — | — |
| Enterprise Value | $1.0B | $1.1B | $671M | — | — | — | — | — | — | — | — |
| P/E Ratio → | 27.88 | 28.38 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.57 | 3.69 | 3.08 | — | — | — | — | — | — | — | — |
| P/B Ratio | 2.86 | 2.91 | 2.05 | — | — | — | — | — | — | — | — |
| P/FCF | 37.58 | 38.83 | — | — | — | — | — | — | — | — | — |
| P/OCF | 13.55 | 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 | 14.12 | 14.58 | 11.21 | — | — | — | — | — | — | — | — |
| EV / EBIT | 21.84 | 22.10 | 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 | 3666.38 | 3666.38 | 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 | 3.6% | 3.5% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.7% | 2.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 2.3% | 2.2% | 0.7% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 2.3% | 2.2% | 0.7% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $86M | $87M | $88M | $94M | $91M | $90M | $90M | $93M | $88M | $84M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying NPKI stock.
NPK International Inc.'s current P/E ratio is 27.9x. The historical average is 28.4x.
NPK International Inc.'s current EV/EBITDA is 14.1x. 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 27.9x. 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.
Key Metrics
Top Statement Risk
High valuation vs. volatile FCF
Metrics are mathematically derived from official filings.
Premium Pricing Demands Sustained Growth
NPKI trades at a significant premium to peers with a P/E of 32.86 and EV/EBITDA of 16.56, pricing in a faster growth trajectory than its immediate sector comparables.
The company's current valuation multiples are well above the peer median, with a P/E nearly 33% higher than Astec's 24.92 and an EV/EBITDA that is over 35% above Astec's 12.17. This premium valuation suggests the market is pricing in a continuation of the accelerating earnings growth seen since 2025. Investors should monitor whether the forward P/E of 25.32 is justified by sustained margin expansion and ROIC improvement, as the current price leaves little room for execution missteps.
Structural Margin Shift Enhances Earnings Power
Operating margin has stabilized in the high-teens, with a Q2 2026 reading of 19.7% representing a durable improvement from the mid-2024 trough and indicating enhanced pricing power.
The operating margin's shift from a volatile range (2.8% in 2024Q3 to 20.8% in 2025Q1) to a stable band of 16.8%-20.8% over the past five quarters signals a structural change in the business, likely driven by the favorable gross margin dynamics. This margin stability, coupled with a net margin of 14.7% in the latest quarter, provides a clearer view of the company's true recurring earning power compared to periods distorted by large non-cash charges. The sustainability of this profitability level relative to its historical average is the key question for forward estimates.
ROIC Recovery Remains Nascent vs. Peers
Despite operational improvements, NPKI's trailing twelve-month ROIC of 3.2% severely lags its peer group, suggesting capital deployment has yet to translate into efficient returns.
While ROIC has recovered from near-zero levels in 2024Q3, the 3.2% reading in 2026Q2 is still far below the peer median, exemplified by Ituran's 46.4% ROIC. This significant gap indicates that NPKI's asset base, recently bolstered by acquisitions, is not yet generating commensurate returns. The challenge lies in converting the company's strong top-line momentum and improved margins into a materially higher return on its growing capital base, a key driver for long-term value creation.
Working Capital Cycle Shows Marked Improvement
The cash conversion cycle has been cut by nearly two-thirds, from 354 days in 2024Q2 to 45 days in 2026Q2, revealing a dramatic improvement in operational efficiency.
The primary driver of this efficiency gain is the reduction in days sales outstanding (DSO), which plummeted from 224 days to 68 days over the same period. This suggests a major overhaul of credit and collections policies, unlocking significant working capital. Concurrently, days inventory outstanding (DIO) fell from 277 days to 18 days, indicating vastly improved inventory management. This tighter cycle frees up cash for debt reduction and investment, directly supporting the balance sheet and cash flow improvements noted elsewhere.
Deleveraging Creates Financial Flexibility
A debt-to-equity ratio of 0.05 and a robust interest coverage ratio of 46.81 demonstrate that NPKI has moved from a leveraged to a virtually unlevered balance sheet.
The transformation is stark, with D/E falling from 0.23 in 2024Q1 to 0.05, while the D/EBITDA multiple compressed from 7.04 to 0.78. This deleveraging, combined with an interest coverage ratio that has improved from 3.84x to 46.81x, has eliminated near-term refinancing risk and provides substantial capacity for future strategic moves. The current leverage profile appears conservative and represents a significant reduction in the company's financial risk profile.
The Misapplied Efficiency Metric
The current ratio is the most misleading metric for NPKI, as its decline from 2.79 to 1.61 signals distress when it actually reflects efficient cash deployment from a deleveraging cycle.
The conventional interpretation would flag the falling current ratio as a liquidity concern. However, for NPKI, this trend coincides with a massive reduction in debt and a radical improvement in the cash conversion cycle. The ratio's decline is not due to growing current liabilities but likely the strategic use of cash to pay down obligations and fund acquisitions. Analysts should instead focus on the DSO and cash conversion cycle as better indicators of the company's operational health and liquidity generation capability.