Enpro Inc. (NPO) FY2025 10-K Annual Report
Enpro Inc. (NPO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 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.
Enpro Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: Industrial technology company providing proprietary products for critical applications across diverse growing end markets including semiconductor and life sciences
- • New acquisitions in 2025: Overlook Industries ($273.9M) for single-use biopharmaceutical tech, and AlpHa Measurement ($273.9M) for liquid analytical sensing technologies
- • Strategic shift: Expanded Sealing Technologies segment with acquisitions focused on process monitoring and biopharmaceutical production
- • Revenue growth to $1.143B in 2025, up from $1.049B in 2024, driven by U.S. sales increasing from $602M to $647M
- • Full ownership acquired of Alluxa subsidiary in 2024 via $17.9M purchase of non-controlling interests, consolidating control without change in company control
Management Discussion & Analysis
- • Operating cash flow $201.2M in 2025 vs $162.9M in 2024 and $208.4M in 2023, increase driven by revenue and operating income growth
- • Investing cash use $316.9M in 2025 including $273.9M acquisitions and $42.0M capex, up from $241.5M in 2024 and $7.4M in 2023
- • Financing cash used $17.4M in 2025; dividends $26.2M; issued $450M Senior Notes at 6.125%, repaid $350M 5.75% Senior Notes
- • Dividends increased to $0.31/share in 2025 and $0.32/share in 2026; share repurchase program authorized up to $50M starting Oct 2024
- • No goodwill impairment in 2025; largest impairment $60.8M in 2023 related to Alluxa; semiconductor segment fair value > carrying value as of Nov 2025
Risk Factors
- • Regulatory risk from higher effective tax rate 29.6% in 2025 vs 22.8% in 2024 due to foreign jurisdiction tax rates impacting net $3.7 million expense
- • Geopolitical exposure via 15 manufacturing facilities in 8 countries, including adverse foreign exchange impacts of $3.4 million sales and $3.7 million costs in 2025
- • Operational vulnerability from rising material costs and mix headwinds reducing Segment AEBITDA by $3.8 million in Sealing Technologies in 2025
- • Competitive threat from semiconductor market volatility impacting Advanced Surface Technologies’ sales, with 13.6% growth driven by choppy semiconductor capital equipment demand
- • Financial risk from $67.2 million noncash pension settlement loss in Q4 2025 following U.S. defined benefit pension plan termination
Enpro Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.1B
▲ +9.0% YoY
Net Income
$41M
▼ -44.4% YoY
Gross Margin
42.6%
▲ +23bp YoY
Operating Margin
14.1%
▲ +57bp YoY
Net Margin
3.5%
▼ -341bp YoY
ROE
2.6%
▼ -248bp YoY
Total Assets
$2.7B
▲ +6.9% YoY
EPS (Diluted)
$1.91
▼ -44.6% YoY
Operating Cash Flow
$201M
▲ +23.5% YoY
Source: XBRL data from Enpro Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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