COMPX INTERNATIONAL INC (CIX) FY2025 10-K Annual Report
COMPX INTERNATIONAL INC (CIX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 4, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
COMPX INTERNATIONAL INC FY2025 10-K Analysis
Business Overview
- • Core business model: manufacturing and selling security products and marine components primarily in U.S. markets
- • New emphasis on tariff-related surcharges in 2025 impacting raw material costs, prompting price increases and inventory build-up to mitigate effects
- • Strategic focus shifted to insourcing at Security Products and customer mix shift at Marine Components to address supply chain and cost pressures
- • Capital expenditures increased to $3.7 million in 2025 for manufacturing improvements and automation, up from $1.4 million in 2024 and $1.1 million in 2023
- • Special dividends paid $24.6M in 2024 and $12.3M in 2025, reflecting strong cash generation and shareholder returns
Management Discussion & Analysis
- • Revenue $158.3M in 2025, up 8% YoY from $145.9M in 2024, after 10% decline from $161.3M in 2023
- • Operating margin 14.3% in 2025 vs 11.7% in 2024 vs 15.8% in 2023 reflecting improved gross margin and cost control
- • Best segment: Security Products with higher government sales in 2025; worst: Marine Components in 2024 due to towboat market declines
- • Operating income $22.6M in 2025, up 33% YoY from $17.0M in 2024; operating costs $25.6M in 2025, 16.2% of sales
- • Rising raw material costs expected in 2026 (zinc, brass, aluminum, stainless steel) with higher volatility and potential tariff impacts
Risk Factors
- • Legal risk from intellectual property claims, possible costly litigation or injunctions impacting product sales
- • Geopolitical exposure to tariffs on imports from China and Mexico increasing supply costs and reducing liquidity
- • Supply chain reliance on foreign suppliers in China vulnerable to trade wars, natural disasters, or transportation disruptions
- • Competitive threat from lower-cost Asian competitors potentially driving prices below COMPX’s sustainable cost structure
- • Customer concentration risk with one customer representing 26% of net sales, order volatility could materially impact revenues
COMPX INTERNATIONAL INC FY2025 Key Financial MetricsXBRL
Revenue
$158M
▲ +8.5% YoY
Net Income
$19M
▲ +17.4% YoY
Gross Margin
30.4%
▲ +210bp YoY
Operating Margin
14.3%
▲ +262bp YoY
Net Margin
12.3%
▲ +94bp YoY
ROE
14.1%
▲ +270bp YoY
Total Assets
$156M
▼ -4.2% YoY
EPS (Diluted)
$1.58
▲ +17.0% YoY
Operating Cash Flow
$23M
▼ -0.3% YoY
Source: XBRL data from COMPX INTERNATIONAL INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on COMPX INTERNATIONAL INC
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.