Short answer
NPK International Inc. (NPKI) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $277M (+27.4% year over year) and net income of $39M.
- Top risk flagged: Legal risk U.S. Foreign Corrupt Practices Act and U.K. Bribery Act compliance risks in international markets
FY2025 key financial metrics · XBRL
- Revenue
- $277M
- +27.4% YoY
- Net income
- $39M
- +125.9% YoY
- Operating margin
- 16.9%
- +2.0 pp YoY
- EPS (diluted)
- $0.45
- +126.2% YoY
- ROE
- 11.1%
- +57.1 pp YoY
- Operating cash flow
- $73M
- +91.2% YoY
Source: XBRL data from the NPK International Inc. (NPKI) FY2025 10-K on SEC EDGAR. USD.
NPK International Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
- 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
Generated from the filing text; verify against the original. How to read a 10-K
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