NPK International Inc. (NPKI) FY2025 10-K Annual Report
NPK International Inc. (NPKI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 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.
NPK International Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: temporary worksite access solutions via recyclable composite matting rental and sales, plus planning, logistics, and site restoration services
- • Name change from Newpark Resources, Inc. to NPK International Inc. effective December 9, 2024
- • Revenue mix shift: 66% from rental services, 34% from composite mat sales, primarily serving US and UK power transmission and energy sectors
- • Expanded focus on recyclable composite matting systems supporting industries such as renewable energy, oil & gas, and petrochemical sectors
- • Principal offices located in The Woodlands, Texas, with continued SEC reporting and enhanced online disclosure efforts
Management Discussion & Analysis
- • No revenue or profitability data disclosed in provided MD&A section
- • Best/Worst segment performance not mentioned
- • Share repurchases 3.0 million shares in FY2025, $91.7 million authorization remaining
- • No shares repurchased in Q4 2025; 282,668 shares repurchased from restricted stock tax withholdings in 2025
- • No forward-looking guidance or risk factors included in this section
Risk Factors
- • Legal risk U.S. Foreign Corrupt Practices Act and U.K. Bribery Act compliance risks in international markets
- • Geopolitical exposure 7% revenue from U.K. operations including acquired Grassform for £34.9M ($46.0M)
- • Operational vulnerability $163.8M rental fleet concentrated in U.S. ($138.9M) and U.K. ($24.9M) needing relocation to meet demand
- • Competitive risk expired patents on DURA-BASE® mats enable competitors’ similar products impacting market share
- • Financial risk 2025 revenues 74% from top 20 customers, 3 top customers alone 19%, 15%, and 10%, contracts cancellable without penalty
NPK International Inc. FY2025 Key Financial MetricsXBRL
Revenue
$277M
▲ +27.4% YoY
Net Income
$39M
▲ +125.9% YoY
Operating Margin
16.9%
▲ +201bp YoY
Net Margin
14.1%
▲ +8314bp YoY
ROE
11.1%
▲ +5711bp YoY
Total Assets
$442M
▲ +12.2% YoY
EPS (Diluted)
$0.45
▲ +126.2% YoY
Operating Cash Flow
$73M
▲ +91.2% YoY
Source: XBRL data from NPK International Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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