NL INDUSTRIES INC (NL) FY2025 10-K Annual Report

Filed: Mar 9, 2026
Health Care
Industrial Inorganic ChemicalsSEC EDGAR

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
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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
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NL INDUSTRIES INC FY2025 Key Financial Metrics
XBRL

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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