10-K · March 9, 2026
NL Industries, Inc. reported a challenging year in 2025, resulting in a significant net loss attributable to stockholders of $37.8 million, or a loss of $0.77 per share, down from a profit of $67.2 million in 2024. The…
Earnings analysis · 10-Q
NL earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
NL Industries, Inc. reported a solid performance for Q1 2026, achieving a net income of $4.3 million or $0.09 EPS, reversing the trend from last year that had shown a decline. Revenue slightly increased to $40.6 million…
Read full summary
NL Industries, Inc. reported a solid performance for Q1 2026, achieving a net income of $4.3 million or $0.09 EPS, reversing the trend from last year that had shown a decline. Revenue slightly increased to $40.6 million from $40.3 million year-over-year, while gross margins improved to 32.8%. Key segment performance came from CompX, which showed significant profit growth, while Kronos faced challenges in TiO2 pricing.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.09
- Gross margin
- 32.8%
What stood out
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Net Income Increase
Net income attributable to NL stockholders was $4.3M, up from $0.7M in Q1 2025.
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EPS Improvement
Diluted EPS rose to $0.09 in Q1 2026, compared to $0.01 in Q1 2025.
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Revenue Growth Year-over-Year
Revenue for Q1 2026 reached $40.6M, a slight increase from $40.3M in Q1 2025.
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Better Gross Margin
Gross margin improved to 32.8%, up from 30.2% in Q1 2025.
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CompX Segment Profit Growth
CompX segment profit increased to $7.1M from $5.9M year-over-year.
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Improved Operating Cash Flow
Net cash used in operating activities reduced to $3.5M in Q1 2026 from $47.5M in the previous year.
What to watch
-
Kronos Earnings Decline
Kronos had equity losses of $1.5M for Q1 2026 compared to earnings of $5.5M in Q1 2025.
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TiO2 Pricing Weakness
Average TiO2 selling prices decreased by 6% year-on-year, impacting Kronos's revenues.
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Economic Uncertainties
Continued geopolitical conflict is anticipated to raise costs, affecting overall profitability.
Management's outlook
CompX expects modest net sales growth in 2026, driven by industrial market demand.
Earlier filings 4
10-Q · November 6, 2025
NL Industries reported weak Q3 2025 results with a revenue of $40 million, flat year-over-year but a notable decline in profitability, showing a net loss of $7.8 million (-$0.16 EPS) compared to a profit of $36 million…
10-Q · August 6, 2025
NL Industries reported weaker financial results in Q2 2025, with revenue flat at $40 million year-over-year and EPS down significantly from $0.16 to $0.01. While CompX's segment profit increased, overall net income…
10-Q · May 7, 2025
NL Industries reported fiscal Q1 2025 results showing a significant decline in earnings, with revenues of $40M, down 7% from $43M in Q4 2024. The EPS dropped dramatically from 0.15 in Q4 2024 to just 0.01 this quarter,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.