NL Industries 과거 순이익 실적
과거 기준 점검 0/6
NL Industries 의 수입은 연평균 -20.7%의 비율로 감소해 온 반면, Commercial Services 산업은 연평균 9.7%의 비율로 증가했습니다. 매출은 연평균 2.8%의 비율로 증가해 왔습니다.
핵심 정보
-20.73%
순이익 성장률
-20.75%
주당순이익(EPS) 성장률
| Commercial Services 산업 성장률 | 8.53% |
| 매출 성장률 | 2.77% |
| 자기자본이익률 | -8.37% |
| 순이익률 | -21.53% |
| 최근 순이익 업데이트 | 31 Mar 2026 |
최근 과거 실적 업데이트
Recent updates
Seeking Alpha • Feb 26
NL Industries: A Complex Little Performer To Watch
Summary NL Industries trades at a material discount to book value, with a cash-rich, debt-light balance sheet and two well-performing operating entities. Ongoing litigation remains the primary risk, but recent settlements and case closures improve the forward outlook for NL. Financial forecasts suggest 5.7% revenue growth and 45.5% underlying net income growth, but margins remain volatile due to Valhi exposure. We initiate a Hold rating with an $8.40 12-month price target, citing a 32% undervaluation but an unattractive risk/reward profile. Read the full article on Seeking Alpha분석 기사 • Aug 14
We Think That There Are Some Issues For NL Industries (NYSE:NL) Beyond Its Promising Earnings
NYSE:NL 1 Year Share Price vs Fair Value Explore NL Industries's Fair Values from the Community and select yours The...분석 기사 • May 19
NL Industries (NYSE:NL) Has Announced A Dividend Of $0.09
The board of NL Industries, Inc. ( NYSE:NL ) has announced that it will pay a dividend of $0.09 per share on the 24th...분석 기사 • Jan 24
NL Industries, Inc.'s (NYSE:NL) Price Is Out Of Tune With Revenues
When you see that almost half of the companies in the Commercial Services industry in the United States have...Seeking Alpha • Nov 29
NL Industries: Lucrative Stock For Dividend Investors
Summary NL Industries, with a diversified portfolio in minerals and engineering products, has shown resilience with a recent EPS recovery and consistent dividend payouts. The stock is undervalued with a forward P/E of 11.2x, presenting a significant upside potential of 44.7% based on DCF analysis. Favorable economic conditions and potential rate cuts in 2025 could boost manufacturing levels, positively impacting NL Industries' revenue and EPS growth. Despite potential risks from tariffs and labor issues, NL Industries remains a Strong Buy for value investors due to its stable dividends and growth prospects. Read the full article on Seeking Alpha분석 기사 • Oct 10
Returns At NL Industries (NYSE:NL) Are On The Way Up
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...분석 기사 • Jul 18
Some Confidence Is Lacking In NL Industries, Inc.'s (NYSE:NL) P/E
NL Industries, Inc.'s ( NYSE:NL ) price-to-earnings (or "P/E") ratio of 29x might make it look like a strong sell right...분석 기사 • May 07
Returns Are Gaining Momentum At NL Industries (NYSE:NL)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...분석 기사 • Mar 29
Revenues Tell The Story For NL Industries, Inc. (NYSE:NL) As Its Stock Soars 46%
NL Industries, Inc. ( NYSE:NL ) shareholders would be excited to see that the share price has had a great month...분석 기사 • Oct 30
NL Industries (NYSE:NL) Has Affirmed Its Dividend Of $0.07
NL Industries, Inc. ( NYSE:NL ) will pay a dividend of $0.07 on the 19th of December. The dividend yield will be 5.9...Seeking Alpha • Oct 18
NL Industries: Undiscovered Dividend Stock For Income And Capital Gains
Summary NL Industries is an undiscovered high-yield dividend company with strong fundamentals and zero debt. The company operates through its majority-owned subsidiary CompX International, which manufactures security products and recreational marine components. NL Industries has a positive outlook, with its subsidiary's business expected to grow and its minority stake in Kronos Worldwide also showing positive long-term prospects. The quarterly dividend is safe, while NL Industries has room for more special dividends in the next years, barring unforeseen events. NL Industries' key multiples currently are low, so long-term investors could make significant profits in addition to the dividends, barring unforeseen events. Read the full article on Seeking Alpha분석 기사 • Aug 10
NL Industries (NYSE:NL) Is Looking To Continue Growing Its Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...분석 기사 • May 22
NL Industries (NYSE:NL) Has Announced A Dividend Of $0.07
The board of NL Industries, Inc. ( NYSE:NL ) has announced that it will pay a dividend on the 20th of June, with...분석 기사 • Feb 27
NL Industries (NYSE:NL) Will Pay A Dividend Of $0.07
NL Industries, Inc.'s ( NYSE:NL ) investors are due to receive a payment of $0.07 per share on 23rd of March. This...분석 기사 • Dec 21
NL Industries (NYSE:NL) Is Looking To Continue Growing Its Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Seeking Alpha • Oct 27
NL Industries declares $0.07 dividend
NL Industries (NYSE:NL) declares $0.07/share quarterly dividend, in line with previous. Forward yield 3.29% Payable Dec. 20; for shareholders of record Dec. 1; ex-div Nov. 30. See NL Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Aug 22
NL Industries: Not As Attractive As Before Due To The Recent Price Increase
The recent increase in NL Industries' stock price caused the dividend yield to drop to ~2.6%, which is covered with half the dividends received by a noncontrolling interest in Kronos Worldwide. NL Industries announced a special dividend of $0.35 in August 2022, and investors can expect more special dividends in the future due to the low cash payout ratio. Despite the recent increase in cash on hand, the management seems not interested in expanding the holding portfolio. The company has a strong cyclical nature, so the risk has increased along with the recent increase in the share price. I consider NL to be a good stock to hold, but not a buy at this price. Investment thesis In September 2021, I wrote an article about NL Industries (NL) as it was trading at a discount of ~60% from the last price spike experienced in 2017. Since then, the share price has increased by 58% to $9.95, causing the dividend yield to drop from 3.70% to 2.61% despite the fact that the company raised it again in 2022 by 17.6%. On the other hand, NL announced a special dividend of $0.35 in August 2022, which will be paid with cash on hand. The company keeps paying its fixed dividend with half the dividends received by its stake in Kronos Worldwide (KRO), which suggests the dividend is safe as long as Kronos Worldwide keeps paying the dividend with a relatively conservative cash payout ratio. Furthermore, stable margins in CompX International are allowing strong cash flow generation year after year. Despite the recent increase in the share price, NL Industries is still a company that a conservative investor can hold for the long term while reaping the dividend, but it is not as attractive as it was at the moment I wrote the last article due to its cyclical nature. The parameters that I analyzed in the previous article have improved along with the increase in the price of the shares: net sales, margins, cash position, and the dividend payout. But NL Industries is a company that I think you should buy during bad times in order to take advantage of the pessimism of investors and thus buy shares at a low price, and not when everything is going well, because the risk of fading tailwinds or an unexpected headwind increases along with good performance and optimism. A brief overview of NL Industries NL Industries is a multinational smelting holding company that operates through a majority stake of 87% in CompX International (CIX) from a total market cap of ~$300 million, and a noncontrolling 30% interest in Kronos Worldwide (KRO) from a total market cap of ~$1.7 billion. On the other hand, Valhi (VHI) owns 83% of NL Industries' shares, and Contran Corporation owns 92% of Valhi. It was founded in 1891 and its market cap currently stands at ~$485 million, so it's a small-cap company with a very long history behind it. NL Industries logo (2021 Annual report) CompX International is a leading manufacturer of security products for a wide range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations, and vending equipment. CompX also manufactures stainless steel exhaust systems, gauges, throttle controls, wake enhancement systems, and trim tabs for the recreational marine industry. On the other hand, Kronos Worldwide is a leading multinational manufacturer of value-added titanium dioxide pigments (TiO2), serving over 4,000 customers in 100 countries for over a century. Most of Kronos' sales take place within Europe, North America, and the Asian Pacific region. TiO2 is a base industrial product used in a wide range of industries. It is the largest commercially used whitening pigment due to its superior characteristics compared to other alternatives and represents a critical material for coatings, plastics, paper, inks, food, and cosmetics, which gives some stability to Kronos' sales. NL data by YCharts Currently, the share price of NL Industries stands at $9.95, which represents a 59.75% decline from the spike of $24.72 on March 29, 2005, a 50% decline from the spike of $19.90 on June 9, 2011, and a 38.01% decline from the most recent spike of $16.05 on November 30, 2017. Looking closely at the price chart, it is clear that the cyclical nature of NL Industries is very strong, so the recent rise in the share price has significantly increased the risk of a downturn shattering current positive expectations. This is why I consider that, although it is very acceptable to hold the shares in order to have an income in the form of dividends, I do not consider that it is a good time to acquire new shares since the current dividend yield does not compensate for the added risk. Net sales are getting a boost The company's consolidated net sales have increased steadily over the years, with a slight drop of 7.81% during 2020. In 2021, net sales increased by 22.94% year over year, or 13.36% compared to 2019, to $140.82 million, so we could say that NL Industries sales are at their best moment. What is more, trailing twelve months' net sales currently stands at $152.4 million, which suggests that 2022 will be a year in which consolidated sales will be surpassed again. NL Industries net sales (10-K filings) The global leisure boat market is expected to grow at a CAGR of ~4.73% by 2030, and CompX International is doing strong efforts to expand its market share in the industry, so investors can expect further sales increases for NL Industries in the long term. On the other hand, the global TiO2 market is expected to grow at a CAGR of ~6% by 2028, with which its stake in Kronos Worldwide is destined to contribute even more cash in the form of dividends as net sales of Kronos are expected to keep growing in the coming years. Currently, the PS ratio stands at 3.187, which means the company generates $0.31 for each dollar held in shares, annually. This ratio has increased considerably in the past two years despite the increase in sales, and this is a consequence of a faster increase in the share price compared to the sales increase. NL PS Ratio data by YCharts This increase in the PS ratio is due to two main reasons: first, investors expect an increase in sales in the short, medium, and long term as CompX International is heavily investing in the marine recreative industry, which is expected to grow at a fast pace during the coming years. Also, Kronos Worldwide's estimated sales of $2.18 billion for 2022 and $2.23 in 2023 are 2.83% and 5.19% higher, respectively, than the current trailing twelve months' sales of $2.12 billion, and this should allow higher dividend income for NL Industries, which increases the optimism of investors looking for a reliable dividend stream. CompX International and Kronos Worldwide are highly profitable Gross profit margins for both Kronos and CompX have improved during the second half of 2021 and the first half of 2022 after the low performance experienced in 2020. CompX currently enjoys a trailing twelve months gross profit margin of 30.27%, although results were even more positive in the second quarter of 2022 as gross profit margins reached 32.70% for the quarter. For Kronos, trailing twelve months' gross profit margins currently stand at 24.07%, although they have been negatively affected in the last quarter as they fell to 21.32%. CIX Gross Profit Margin data by YCharts In this sense, the drop in profit margins of Kronos is being somewhat compensated by the increase in profit margins of CompX International, something very positive considering that the sales of both companies are increasing at a great rate due to price increases as inflationary tensions don't cease. The profitability of both companies has made it possible for NL Industries to generate cash steadily, which becomes evident when looking at its ability to raise cash after covering the dividend. NL Industries' cash on hand is very high and debt is non-existent The company has steadily raised cash on hand year after year thanks to a relatively low cash payout ratio. This is because it usually paid fewer dividends than those received by Kronos Worldwide in order to keep growing the company's cash reserves. CompX International also generates positive free cash flows year after year. NL Industries' ability to continuously raise cash represents the ultimate proof to demonstrate its profitability and is also a huge safety net for investors. NL Total Long Term Debt (Quarterly) data by YCharts Currently, the company holds 151 million in cash on hand, and the special dividend of $0.35 declared in August will cost around 10% of the company's cash reserves despite representing a yield of 3.52% based on the current share price. Furthermore, the company has enough cash reserves to keep paying the fixed dividend for many years even if unexpected headwinds arise considering the annual fixed dividend expense is ~$14.83 million, and has even some room to increase it or keep paying special dividends. CIX Total Long Term Debt (Quarterly) data by YCharts And while CompX International has no debt, it's very important to keep in mind that Kronos' balance sheet has a large debt load, which has been, fortunately, reduced during the last few years in terms of net debt due to increasing cash on hand and decreasing long-term debt. KRO Total Long Term Debt (Quarterly) data by YCharts In this sense, we have a very robust balance sheet from NL Industries and a debt position that has shown great improvement in recent years from Kronos Worldwide, which is very advantageous for the current times marked by added difficulties to remain competitive and profitable due to inflationary pressures and labor shortages. The dividend is safe and the room for further raises is significant After a dividend suspension in 2014, the company decided to reinstate it in 2020 at $0.04 per quarter and raise it by 50% to $0.06 in 2021. In 2022, the management decided to raise it again by 16.7% to $0.07 and announced a special dividend of $0.35 in August of 2022. This is because the management is being more conservative than in the past when it comes to distributing dividends by limiting the growth of the fixed dividend, which is more difficult to cut without disappointing shareholders, and prioritizing special dividends, which carry far fewer commitments than fixed dividends. NL Dividend Yield data by YCharts Despite the recent fixed dividend raise, the dividend still appears very safe. In this sense, during the first half of 2022, NL Industries received $13.38 million in dividends from its stake in Kronos Worldwide, and dividends paid during the same period to shareholders of NL Industries were $6.83 million. Therefore, the company can easily keep paying the quarterly dividend as it only needs 51% of the dividends received from its stake in Kronos Worldwide to do so. In the table below, I have calculated the Kronos Worldwide's cash payout ratio by calculating what percentage of cash from operations is used each year for the dividend payout and the payment of interest expenses. In this way, we can determine whether Kronos Worldwide's dividend payout is sustainable. Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 Cash from operations (in millions) $130.4 $87.7 $52.1 $89.6 $276.1 $188.5 $160.3 $102.5 $206.5 Dividends paid (in millions) $69.5 $69.5 $69.5 $69.5 $69.5 $78.8 $83.4 $83.2 $83.2 Interest expense (in million) $19.6 $17.0 $18.5 $20.5 $19.0 $19.5 $18.7 $19.0 $19.6 Cash payout ratio 68.33% 98.63% 168.91% 100.45% 32.05% 52.15% 63.69% 99.71% 49.78%매출 및 비용 세부 내역
매출 및 비용 세부 내역
NL Industries가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.
순이익 및 매출 추이
| 날짜 | 매출 | 순이익 | 일반관리비 | 연구개발비 |
|---|---|---|---|---|
| 31 Mar 26 | 159 | -34 | 24 | 0 |
| 31 Dec 25 | 158 | -38 | 24 | 0 |
| 30 Sep 25 | 159 | 10 | 24 | 0 |
| 30 Jun 25 | 153 | 54 | 24 | 0 |
| 31 Mar 25 | 148 | 61 | 25 | 0 |
| 31 Dec 24 | 146 | 67 | 24 | 0 |
| 30 Sep 24 | 151 | 58 | 22 | 0 |
| 30 Jun 24 | 157 | 22 | 22 | 0 |
| 31 Mar 24 | 158 | 11 | 21 | 0 |
| 31 Dec 23 | 161 | -2 | 26 | 0 |
| 30 Sep 23 | 158 | -16 | 32 | 0 |
| 30 Jun 23 | 161 | -25 | 31 | 0 |
| 31 Mar 23 | 166 | 9 | 32 | 0 |
| 31 Dec 22 | 167 | 34 | 20 | 0 |
| 30 Sep 22 | 161 | 55 | 32 | 0 |
| 30 Jun 22 | 152 | 74 | 32 | 0 |
| 31 Mar 22 | 147 | 56 | 32 | 0 |
| 31 Dec 21 | 141 | 51 | 31 | 0 |
| 30 Sep 21 | 137 | 41 | 30 | 0 |
| 30 Jun 21 | 131 | 34 | 30 | 0 |
| 31 Mar 21 | 118 | 26 | 29 | 0 |
| 31 Dec 20 | 115 | 15 | 29 | 0 |
| 30 Sep 20 | 114 | 17 | 30 | 0 |
| 30 Jun 20 | 115 | 11 | 31 | 0 |
| 31 Mar 20 | 125 | 13 | 32 | 0 |
| 31 Dec 19 | 124 | 26 | 31 | 0 |
| 30 Sep 19 | 122 | 22 | 31 | 0 |
| 30 Jun 19 | 122 | 8 | 29 | 0 |
| 31 Mar 19 | 121 | -40 | 29 | 0 |
| 31 Dec 18 | 118 | -41 | 33 | 0 |
| 30 Sep 18 | 116 | 5 | 32 | 0 |
| 30 Jun 18 | 113 | 38 | 33 | 0 |
| 31 Mar 18 | 111 | 122 | 32 | 0 |
| 31 Dec 17 | 112 | 116 | 31 | 0 |
| 30 Sep 17 | 113 | 77 | 31 | 0 |
| 30 Jun 17 | 115 | 66 | 33 | 0 |
| 31 Mar 17 | 112 | 26 | 34 | 0 |
| 31 Dec 16 | 109 | 15 | 33 | 0 |
| 30 Sep 16 | 108 | 0 | 35 | 0 |
| 30 Jun 16 | 106 | -6 | 33 | 0 |
| 31 Mar 16 | 108 | -36 | 35 | 0 |
| 31 Dec 15 | 109 | -24 | 32 | 0 |
| 30 Sep 15 | 108 | -13 | 30 | 0 |
| 30 Jun 15 | 108 | 0 | 30 | 0 |
양질의 수익: NL 은(는) 현재 수익성이 없습니다.
이익 마진 증가: NL는 현재 수익성이 없습니다.
잉여현금흐름 대비 순이익 분석
과거 순이익 성장 분석
수익추이: NL은 수익성이 없으며 지난 5년 동안 손실이 연평균 20.7% 증가했습니다.
성장 가속화: 현재 수익성이 없어 지난 1년간 NL의 수익 성장률을 5년 평균과 비교할 수 없습니다.
수익 대 산업: NL은 수익성이 없어 지난 해 수익 성장률을 Commercial Services 업계(7.2%)와 비교하기 어렵습니다.
자기자본이익률
높은 ROE: NL는 현재 수익성이 없으므로 자본 수익률이 음수(-8.37%)입니다.
총자산이익률
투하자본수익률
우수한 과거 실적 기업을 찾아보세요
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/22 17:14 |
| 종가 | 2026/05/22 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
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분석가 소스
NL Industries, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Sergey Vasnetsov | Barclays |
| Patrick Duffy Fischer | Barclays |
| Michael Leithead | Barclays |