Quanex Building Products Corporation (NX) 10-Year Financial Performance & Capital Metrics

NX • • Industrial / General

IndustrialsConstructionBuilding Materials & ComponentsWindows & Doors

AboutQuanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. It offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry. The company also provides various non-fenestration components and products, including solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components. It sells its products to OEMs in the building products industry through sales representatives, direct sales force, distributors, and independent sales agents. The company was founded in 1927 and is based in Houston, Texas.Show more

Revenue $1.28B +13.0%
EBITDA $115M -25.0%
Net Income $33M -59.9%
EPS (Diluted) 0.90 -64.0%
Gross Margin 23.92% -2.6%
EBITDA Margin 9.01% -33.7%
Operating Margin 4.29% -56.2%
Net Margin 2.59% -64.5%
ROE 4.25% -74.0%
ROIC 3.41% -77.4%
Debt/Equity 0.88 +314.1%
Interest Coverage 2.66 -80.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.7x book value

✗Weaknesses

✗Shares diluted 11.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.94%

5Y7.41%

3Y6.03%

TTM43.81%

Profit (Net Income) CAGR

10Y1.24%

5Y-

3Y-16.6%

TTM-858.66%

EPS CAGR

10Y1.44%

5Y-

3Y-19.1%

TTM-582.14%

ROCE

10Y Avg9.61%

5Y Avg13.08%

3Y Avg13.58%

Latest4%

Peer Comparison

Windows & Doors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NXQuanex Building Products Corporation	824.43M	18.05	20.06	13.03%	-13.65%	-34.54%	6.27%	0.88
MASMasco Corporation	14.55B	70.07	18.64	-1.74%	10.89%	492.26%	6.23%
FBINFortune Brands Innovations, Inc.	7.23B	60.19	16.05	-0.37%	7.3%	13.77%	6.56%	1.17
JELDJELD-WEN Holding, Inc.	231.51M	2.71	-1.22	-12.28%	-19.6%	-5.68%		2.13
ILAGIntelligent Living Application Group Inc.	8.14M	3.92	-19.60	16.5%	-51.55%	-56.91%		0.08

Profit & Loss

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Sales/Revenue+	645.53M	928.18M	866.55M	889.78M	893.84M	851.57M	1.07B	1.22B	1.13B	1.28B
Revenue Growth %	0.08%	0.44%	-0.07%	0.03%	0%	-0.05%	0.26%	0.14%	-0.07%	0.13%
Cost of Goods Sold+	499.1M	710.64M	672.16M	696.57M	694.42M	658.75M	831.54M	953M	853.06M	972.24M
COGS % of Revenue	0.77%	0.77%	0.78%	0.78%	0.78%	0.77%	0.78%	0.78%	0.75%	0.76%
Gross Profit+	146.43M	217.54M	194.39M	193.22M	199.42M	192.82M	240.61M	268.5M	277.52M	305.62M
Gross Margin %	0.23%	0.23%	0.22%	0.22%	0.22%	0.23%	0.22%	0.22%	0.25%	0.24%
Gross Profit Growth %	0.12%	0.49%	-0.11%	-0.01%	0.03%	-0.03%	0.25%	0.12%	0.03%	0.1%
Operating Expenses+	121.76M	168.06M	155.48M	155.36M	150.88M	136.94M	158.7M	157.22M	166.82M	250.8M
OpEx % of Revenue	0.19%	0.18%	0.18%	0.17%	0.17%	0.16%	0.15%	0.13%	0.15%	0.2%
Selling, General & Admin	86.54M	114.91M	97.98M	103.53M	101.29M	89.71M	115.97M	117.11M	123.96M	190.47M
SG&A % of Revenue	0.13%	0.12%	0.11%	0.12%	0.11%	0.11%	0.11%	0.1%	0.11%	0.15%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-531K	-5.48M	19K	178K	49.59M	47.23M	42.73M	40.11M	42.87M	60.33M
Operating Income+	24.68M	36.35M	34.37M	36.38M	48.66M	55.27M	81.87M	111.28M	110.7M	54.83M
Operating Margin %	0.04%	0.04%	0.04%	0.04%	0.05%	0.06%	0.08%	0.09%	0.1%	0.04%
Operating Income Growth %	0.73%	0.47%	-0.05%	0.06%	0.34%	0.14%	0.48%	0.36%	-0.01%	-0.5%
EBITDA+	59.9M	89.5M	91.86M	88.2M	98.25M	102.49M	124.6M	151.39M	153.57M	115.15M
EBITDA Margin %	0.09%	0.1%	0.11%	0.1%	0.11%	0.12%	0.12%	0.12%	0.14%	0.09%
EBITDA Growth %	0.17%	0.49%	0.03%	-0.04%	0.11%	0.04%	0.22%	0.21%	0.01%	-0.25%
D&A (Non-Cash Add-back)	35.22M	53.15M	57.49M	51.82M	49.59M	47.23M	42.73M	40.11M	42.87M	60.33M
EBIT	24.14M	30.87M	35.1M	36.85M	-26.31M	55.55M	82.62M	112.32M	105.18M	62.67M
Net Interest Income+	-927K	-36.39M	-9.51M	-11.03M	-9.58M	-5.22M	-2.52M	-2.54M	-7.89M	-18.9M
Interest Income	64K	106K	86K	69K	63K	28K	5K	19K	248K	1.69M
Interest Expense	991K	36.5M	9.6M	11.1M	9.64M	5.25M	2.53M	2.56M	8.14M	20.59M
Other Income/Expense	-1.52M	-41.98M	-8.87M	-12.41M	-9.53M	-4.96M	-1.78M	-1.52M	-13.65M	-12.74M
Pretax Income+	23.15M	-5.62M	25.5M	25.45M	-35.95M	50.3M	80.09M	109.76M	97.05M	42.08M
Pretax Margin %	0.04%	-0.01%	0.03%	0.03%	-0.04%	0.06%	0.07%	0.09%	0.09%	0.03%
Income Tax+	7.54M	-3.77M	6.82M	-875K	10.78M	11.8M	23.11M	21.43M	14.54M	9.02M
Effective Tax Rate %	0.7%	0.33%	0.73%	1.03%	1.3%	0.77%	0.71%	0.8%	0.85%	0.79%
Net Income+	16.09M	-1.86M	18.68M	26.33M	-46.73M	38.5M	56.98M	88.34M	82.5M	33.06M
Net Margin %	0.02%	-0%	0.02%	0.03%	-0.05%	0.05%	0.05%	0.07%	0.07%	0.03%
Net Income Growth %	-0.45%	-1.12%	11.05%	0.41%	-2.77%	1.82%	0.48%	0.55%	-0.07%	-0.6%
Net Income (Continuing)	15.61M	-1.86M	18.68M	26.55M	-46.73M	38.5M	56.98M	88.34M	82.5M	33.06M
Discontinued Operations	479K	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.47	-0.05	0.54	0.75	-1.42	1.17	1.70	2.66	2.50	0.90
EPS Growth %	-0.4%	-1.12%	10.84%	0.39%	-2.89%	1.82%	0.45%	0.56%	-0.06%	-0.64%
EPS (Basic)	0.47	-0.05	0.55	0.76	-1.42	1.18	1.72	2.67	2.51	0.91
Diluted Shares Outstanding	34.5M	33.88M	34.84M	35.02M	32.96M	32.82M	33.49M	33.2M	33.03M	36.65M
Basic Shares Outstanding	33.99M	33.88M	34.23M	34.7M	32.96M	32.69M	33.19M	33.05M	32.82M	36.42M
Dividend Payout Ratio	0.34%	-	0.3%	0.27%	-	0.27%	0.19%	0.12%	0.13%	0.36%

Balance Sheet

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Total Current Assets+	172.25M	203.97M	191.8M	189.68M	190.33M	207.31M	249.05M	280.67M	273.6M	611.27M
Cash & Short-Term Investments	23.13M	25.53M	17.45M	29M	30.87M	51.62M	40.06M	55.09M	58.47M	97.74M
Cash Only	23.13M	25.53M	17.45M	29M	30.87M	51.62M	40.06M	55.09M	58.47M	97.74M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	64.08M	83.63M	79.41M	84.01M	82.95M	88.29M	108.31M	96.02M	105.61M	203.63M
Days Sales Outstanding	36.23	32.88	33.45	34.46	33.87	37.84	36.87	28.69	34.1	58.16
Inventory	63.03M	84.33M	87.53M	69.36M	67.16M	61.18M	92.53M	120.89M	97.96M	275.55M
Days Inventory Outstanding	46.09	43.32	47.53	36.35	35.3	33.9	40.62	46.3	41.91	103.45
Other Current Assets	8.59M	0	7.41M	7.3M	9.35M	6.22M	0	8.66M	11.56M	5.25M
Total Non-Current Assets+	399.78M	576.38M	582.08M	552.17M	454.78M	484.28M	468.28M	443.95M	557.54M	1.71B
Property, Plant & Equipment	140.67M	198.5M	211.13M	201.37M	193.6M	235.93M	231.34M	236.4M	297.28M	529.18M
Fixed Asset Turnover	4.59x	4.68x	4.10x	4.42x	4.62x	3.61x	4.63x	5.17x	3.80x	2.41x
Goodwill	129.77M	217.03M	222.19M	219.63M	145.56M	146.15M	149.21M	137.85M	182.96M	574.71M
Intangible Assets	120.81M	154.18M	139.78M	121.92M	107.3M	93.07M	82.41M	65.03M	74.11M	597.91M
Long-Term Investments	-14.02M	-18.32M	-21.96M	-17.21M	-19.36M	-19.12M	-21.96M	-13.37M	-29.13M	0
Other Non-Current Assets	8.53M	6.67M	8.97M	9.26M	8.32M	9.13M	5.32M	-4.25M	32.32M	2.87M
Total Assets+	572.03M	780.35M	773.88M	741.85M	645.11M	691.59M	717.32M	724.62M	831.14M	2.32B
Asset Turnover	1.13x	1.19x	1.12x	1.20x	1.39x	1.23x	1.49x	1.69x	1.36x	0.55x
Asset Growth %	0.11%	0.36%	-0.01%	-0.04%	-0.13%	0.07%	0.04%	0.01%	0.15%	1.79%
Total Current Liabilities+	88.25M	114.13M	106.45M	102.36M	109.75M	130.24M	158M	139.84M	134.66M	272.87M
Accounts Payable	47.78M	47.78M	44.15M	52.39M	63.6M	77.33M	86.77M	77.91M	74.37M	124.4M
Days Payables Outstanding	34.94	24.54	23.97	27.45	33.43	42.85	38.09	29.84	31.82	46.7
Short-Term Debt	2.36M	10.52M	21.24M	1.22M	746K	692K	846K	1.05M	2.37M	25.75M
Deferred Revenue (Current)	987K	238K	625K	287K	1000K	763K	627K	792K	1000K	1000K
Other Current Liabilities	6.55M	6.56M	9.74M	6.67M	7.55M	6.49M	8.98M	7.46M	7.21M	14.19M
Current Ratio	1.95x	1.79x	1.80x	1.85x	1.73x	1.59x	1.58x	2.01x	2.03x	2.24x
Quick Ratio	1.24x	1.05x	0.98x	1.18x	1.12x	1.12x	0.99x	1.14x	1.30x	1.23x
Cash Conversion Cycle	47.39	51.66	57	43.36	35.74	28.89	39.4	45.15	44.19	114.91
Total Non-Current Liabilities+	88.49M	298.39M	260.58M	245.34M	205.17M	205.59M	139.54M	119.94M	150.93M	1.04B
Long-Term Debt	53.77M	259.01M	218.18M	209.33M	156.41M	116.73M	52.09M	29.63M	66.44M	737.2M
Capital Lease Obligations	0	0	0	0	0	44.87M	45.37M	49.29M	40.36M	117.56M
Deferred Tax Liabilities	0	18.32M	21.96M	17.51M	19.36M	19.12M	21.96M	22.28M	29.13M	162.3M
Other Non-Current Liabilities	28.21M	21.05M	20.43M	18.79M	29.39M	24.87M	20.11M	18.75M	15M	19.11M
Total Liabilities	176.74M	412.52M	367.03M	347.7M	314.92M	335.83M	297.54M	259.78M	285.59M	1.31B
Total Debt+	56.13M	269.53M	239.43M	210.56M	157.16M	169.75M	106.5M	87.69M	116.39M	892.98M
Net Debt	33M	244M	221.97M	181.55M	126.29M	118.13M	66.44M	32.59M	57.91M	795.23M
Debt / Equity	0.14x	0.73x	0.59x	0.53x	0.48x	0.48x	0.25x	0.19x	0.21x	0.88x
Debt / EBITDA	0.94x	3.01x	2.61x	2.39x	1.60x	1.66x	0.85x	0.58x	0.76x	7.75x
Net Debt / EBITDA	0.55x	2.73x	2.42x	2.06x	1.29x	1.15x	0.53x	0.22x	0.38x	6.91x
Interest Coverage	24.90x	1.00x	3.58x	3.28x	5.05x	10.54x	32.36x	43.49x	13.61x	2.66x
Total Equity+	395.3M	367.83M	406.85M	394.15M	330.19M	355.76M	419.78M	464.83M	545.55M	1.01B
Equity Growth %	-0.06%	-0.07%	0.11%	-0.03%	-0.16%	0.08%	0.18%	0.11%	0.17%	0.85%
Book Value per Share	11.46	10.86	11.68	11.25	10.02	10.84	12.53	14.00	16.52	27.58
Total Shareholders' Equity	395.3M	367.83M	406.85M	394.15M	330.19M	355.76M	419.78M	464.83M	545.55M	1.01B
Common Stock	376K	376K	375K	374K	374K	373K	373K	372K	372K	513K
Retained Earnings	222.14M	214.05M	225.7M	242.83M	185.7M	213.52M	259.72M	337.46M	409.32M	430.4M
Treasury Stock	-68.11M	-62.37M	-49.88M	-73.03M	-76.75M	-78.56M	-72.7M	-75.52M	-77.57M	-74.75M
Accumulated OCI	-10.05M	-38.77M	-25.08M	-30.7M	-33.82M	-33.02M	-21.77M	-49.42M	-38.14M	-46.43M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Oct 2015	Oct 2016	Oct 2017	Oct 2018	Oct 2019	Oct 2020	Oct 2021	Oct 2022	Oct 2023	Oct 2024
Cash from Operations+	67.09M	86.42M	78.55M	104.61M	96.37M	100.8M	78.59M	97.97M	147.05M	88.81M
Operating CF Margin %	0.1%	0.09%	0.09%	0.12%	0.11%	0.12%	0.07%	0.08%	0.13%	0.07%
Operating CF Growth %	2.23%	0.29%	-0.09%	0.33%	-0.08%	0.05%	-0.22%	0.25%	0.5%	-0.4%
Net Income	16.09M	-1.86M	18.68M	26.33M	-46.73M	38.5M	56.98M	88.34M	82.5M	33.06M
Depreciation & Amortization	35.22M	53.15M	57.49M	51.82M	49.59M	47.23M	42.73M	40.11M	42.87M	60.33M
Stock-Based Compensation	4.27M	6.09M	5.19M	1.87M	3.96M	1.17M	7.2M	5.83M	2.52M	2.95M
Deferred Taxes	5.2M	-8.47M	-112K	-5.63M	3.26M	-189K	1.78M	2.1M	5.15M	-15.34M
Other Non-Cash Items	-847K	28.81M	3.02M	1.06M	77.51M	1.4M	-65K	-1.53M	1.81M	-3.77M
Working Capital Changes	7.15M	8.7M	-5.72M	29.16M	10.7M	12.69M	-30.04M	-36.88M	12.21M	11.57M
Change in Receivables	2.67M	796K	5.38M	-5.55M	574K	-5.77M	-19.02M	6.95M	6.97M	973K
Change in Inventory	9.8M	5.35M	-3.24M	17.53M	3.8M	6.12M	-31.38M	-32.03M	30.02M	33.48M
Change in Payables	-2.86M	-2.27M	-4.89M	8.32M	8.12M	15.92M	7.1M	-3.05M	-11.61M	-35.82M
Cash from Investing+	-160.14M	-282.1M	-41.12M	-26.05M	-23.56M	-25.22M	-18.71M	-32.96M	-128.44M	-420.59M
Capital Expenditures	-29.98M	-37.24M	-34.56M	-26.48M	-24.88M	-25.73M	-24.01M	-33.12M	-37.39M	-37.09M
CapEx % of Revenue	0.05%	0.04%	0.04%	0.03%	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.53M	1.04M	1.94M	432K	1.32M	0	0	0	253K	15.05M
Cash from Financing+	-4.58M	196.37M	-45.41M	-65.82M	-71.26M	-55.12M	-71.86M	-45.88M	-16.15M	385.16M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.51M	-5.47M	-5.52M	-7.02M	-10.64M	-10.53M	-10.78M	-10.6M	-10.64M	-11.97M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-436K	-11.3M	248K	-960K	-330K	-454K	-492K	-1.41M	-567K	-8.49M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	37.1M	49.17M	43.99M	78.13M	71.49M	75.07M	54.58M	64.84M	109.66M	51.73M
FCF Margin %	0.06%	0.05%	0.05%	0.09%	0.08%	0.09%	0.05%	0.05%	0.1%	0.04%
FCF Growth %	3.85%	0.33%	-0.11%	0.78%	-0.08%	0.05%	-0.27%	0.19%	0.69%	-0.53%
FCF per Share	1.08	1.45	1.26	2.23	2.17	2.29	1.63	1.95	3.32	1.41
FCF Conversion (FCF/Net Income)	4.17x	-46.49x	4.20x	3.97x	-2.06x	2.62x	1.38x	1.11x	1.78x	2.69x
Interest Paid	0	0	0	0	0	0	1.99M	1.98M	5.74M	10.91M
Taxes Paid	0	0	0	0	0	0	22.16M	26.41M	22.22M	18.29M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.94%	-0.49%	4.82%	6.57%	-12.9%	11.22%	14.69%	19.97%	16.33%	4.25%
Return on Invested Capital (ROIC)	5.07%	5.24%	4.16%	4.53%	7.07%	8.91%	12.79%	16.97%	15.08%	3.41%
Gross Margin	22.68%	23.44%	22.43%	21.72%	22.31%	22.64%	22.44%	21.98%	24.55%	23.92%
Net Margin	2.49%	-0.2%	2.16%	2.96%	-5.23%	4.52%	5.31%	7.23%	7.3%	2.59%
Debt / Equity	0.14x	0.73x	0.59x	0.53x	0.48x	0.48x	0.25x	0.19x	0.21x	0.88x
Interest Coverage	24.90x	1.00x	3.58x	3.28x	5.05x	10.54x	32.36x	43.49x	13.61x	2.66x
FCF Conversion	4.17x	-46.49x	4.20x	3.97x	-2.06x	2.62x	1.38x	1.11x	1.78x	2.69x
Revenue Growth	8.42%	43.79%	-6.64%	2.68%	0.46%	-4.73%	25.9%	13.93%	-7.44%	13.03%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
NA Engineered Components	-	560.03M	474.88M	485.37M	503.84M	483.42M	578.33M	687.46M	667.48M	650.06M
NA Engineered Components Growth	-	-	-15.20%	2.21%	3.81%	-4.05%	19.63%	18.87%	-2.91%	-2.61%
EU Engineered Components	-	150.2M	147.96M	159.97M	165M	161.05M	251.6M	262.06M	250.77M	230.71M
EU Engineered Components Growth	-	-	-1.49%	8.12%	3.14%	-2.39%	56.22%	4.16%	-4.31%	-8.00%
NA Cabinet Components	-	223.39M	248.81M	249.81M	229.64M	210.1M	246.07M	275.7M	215.44M	198.42M
NA Cabinet Components Growth	-	-	11.38%	0.40%	-8.07%	-8.51%	17.12%	12.04%	-21.86%	-7.90%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	42.14M	220.72M	25.26M	18.21M	683.2M	654.8M	778.49M	911.18M	834.52M	926.86M
UNITED STATES Growth	-	423.73%	-88.55%	-27.91%	3651.60%	-4.16%	18.89%	17.05%	-8.41%	11.06%
Europe	94.56M	150.71M	148.37M	159.65M	162.11M	158.83M	244.31M	255.4M	244.56M	271.18M
Europe Growth	-	59.37%	-1.55%	7.60%	1.54%	-2.02%	53.82%	4.54%	-4.24%	10.89%
CANADA	22.97M	24.14M	24.44M	23.61M	20.09M	18.21M	25.01M	31.44M	25.84M	35.33M
CANADA Growth	-	5.08%	1.25%	-3.40%	-14.92%	-9.33%	37.30%	25.73%	-17.80%	36.71%
Asia	19.27M	20.4M	17.03M	18.58M	18.36M	11.5M	18.45M	15.02M	14.3M	24.09M
Asia Growth	-	5.90%	-16.55%	9.14%	-1.21%	-37.34%	60.34%	-18.56%	-4.81%	68.49%
Other Foreign Countries	8.55M	8.88M	9.65M	11.16M	10.08M	8.22M	5.9M	8.46M	11.36M	20.39M
Other Foreign Countries Growth	-	3.88%	8.64%	15.65%	-9.67%	-18.45%	-28.21%	43.30%	34.24%	79.59%

Frequently Asked Questions

Valuation & Price

Quanex Building Products Corporation (NX) has a price-to-earnings (P/E) ratio of 20.1x. This is roughly in line with market averages.

Growth & Financials

Quanex Building Products Corporation (NX) reported $1.84B in revenue for fiscal year 2024. This represents a 117% increase from $848.3M in 2011.

Quanex Building Products Corporation (NX) grew revenue by 13.0% over the past year. This is steady growth.

Quanex Building Products Corporation (NX) reported a net loss of $250.8M for fiscal year 2024.

Dividend & Returns

Yes, Quanex Building Products Corporation (NX) pays a dividend with a yield of 1.81%. This makes it attractive for income-focused investors.

Quanex Building Products Corporation (NX) has a return on equity (ROE) of 4.2%. This is below average, suggesting room for improvement.

Quanex Building Products Corporation (NX) generated $102.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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