Short answer
NL INDUSTRIES INC (NL) filed its fiscal 2025 10-K annual report with the SEC on Mar 9, 2026. It reported revenue of $158M (+8.5% year over year) and net income of −$38M.
FY2025 key financial metrics · XBRL
- Revenue
- $158M
- +8.5% YoY
- Net income
- −$38M
- −156.3% YoY
- Operating margin
- 6.7%
- −19.2 pp YoY
- Gross margin
- 30.4%
- +2.1 pp YoY
- EPS (diluted)
- −$0.77
- −155.8% YoY
- ROE
- -10.5%
- −27.5 pp YoY
- Operating cash flow
- −$36M
- −242.3% YoY
Source: XBRL data from the NL INDUSTRIES INC (NL) FY2025 10-K on SEC EDGAR. USD.
NL INDUSTRIES INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model focused on manufacturing Security Products and Marine Components primarily for government, industrial, and commercial markets
- No new products introduced; 2025 highlighted one-time stocking event for towboat OEM driving Marine Components sales
- Strategic emphasis on aligning pricing, product features, and service levels with market conditions for modest 2026 growth
- 2025 sales increased 5% to $120.7M in Security Products and 22% to $37.6M in Marine Components, reversing prior year declines
- Noteworthy 2025 tariff-related surcharges on raw materials led to increased inventory levels and pricing adjustments to offset costs
Management Discussion & Analysis
- Revenue details not specifically provided; CompX profit $22.6M in 2025 vs $17.0M in 2024, Kronos equity losses $33.9M in 2025 vs earnings $26.4M in 2024
- Net loss $37.8M in 2025 vs net income $67.2M in 2024, driven by pension plan settlement loss $19.7M and equity losses at Kronos
- Best performing segment: CompX with profit increasing to $22.6M in 2025; worst: Kronos equity losses $33.9M in 2025
- 2026 outlook: expected higher net income due to improved Kronos earnings and absence of 2025 pension settlement loss, partially offset by higher litigation costs
Generated from the filing text; verify against the original. How to read a 10-K
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