Short answer
COMPX INTERNATIONAL INC (CIX) filed its fiscal 2025 10-K annual report with the SEC on Mar 4, 2026. It reported revenue of $158M (+8.5% year over year) and net income of $19M.
- Top risk flagged: Legal risk from intellectual property claims, possible costly litigation or injunctions impacting product sales
FY2025 key financial metrics · XBRL
- Revenue
- $158M
- +8.5% YoY
- Net income
- $19M
- +17.4% YoY
- Operating margin
- 14.3%
- +2.6 pp YoY
- Gross margin
- 30.4%
- +2.1 pp YoY
- EPS (diluted)
- $1.58
- +17.0% YoY
- ROE
- 14.1%
- +2.7 pp YoY
- Operating cash flow
- $23M
- −0.3% YoY
Source: XBRL data from the COMPX INTERNATIONAL INC (CIX) FY2025 10-K on SEC EDGAR. USD.
COMPX INTERNATIONAL INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.