NL INDUSTRIES INC (NL) FY2025 10-K Annual Report
NL INDUSTRIES INC (NL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 9, 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.
NL INDUSTRIES INC FY2025 10-K Analysis
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
- • No cash flow or capital allocation figures disclosed in the provided text
- • 2026 outlook: expected higher net income due to improved Kronos earnings and absence of 2025 pension settlement loss, partially offset by higher litigation costs
NL INDUSTRIES INC FY2025 Key Financial MetricsXBRL
Revenue
$158M
▲ +8.5% YoY
Net Income
-$38M
▼ -156.3% YoY
Gross Margin
30.4%
▲ +210bp YoY
Operating Margin
6.7%
▼ -1921bp YoY
Net Margin
-23.9%
▼ -6996bp YoY
ROE
-10.5%
▼ -2748bp YoY
Total Assets
$464M
▼ -19.7% YoY
EPS (Diluted)
$-0.77
▼ -155.8% YoY
Operating Cash Flow
-$36M
▼ -242.3% YoY
Source: XBRL data from NL INDUSTRIES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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