NL Industries (NL) Financials

$7.70 +0.13 (+1.65%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$7.72 +0.01 (+0.19%)

As of 04/17/2025 04:05 PM Eastern

Annual Income Statements for NL Industries

This table shows NL Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	34	-2.31	67
Consolidated Net Income / (Loss)	36	0.58	69
Net Income / (Loss) Continuing Operations	36	0.58	69
Total Pre-Tax Income	39	-6.42	83
Total Operating Income	14	14	38
Total Gross Profit	49	49	41
Total Revenue	167	161	146
Operating Revenue	167	161	146
Total Cost of Revenue	118	112	105
Operating Cost of Revenue	118	112	105
Total Operating Expenses	35	35	3.49
Selling, General & Admin Expense	23	24	24
Other Operating Expenses / (Income)	12	12	-19
Other Special Charges / (Income)	-0.09	-0.46	-1.37
Total Other Income / (Expense), net	26	-21	45
Interest Expense	0.94	0.75	0.53
Interest & Investment Income	36	-5.37	37
Other Income / (Expense), net	-9.22	-14	8.61
Income Tax Expense	2.79	-7.00	14
Net Income / (Loss) Attributable to Noncontrolling Interest	2.61	2.89	2.03
Basic Earnings per Share	$0.69	($0.05)	$1.38
Weighted Average Basic Shares Outstanding	48.81M	48.83M	48.84M
Diluted Earnings per Share	$0.69	($0.05)	$1.38
Weighted Average Diluted Shares Outstanding	48.81M	48.83M	48.84M
Weighted Average Basic & Diluted Shares Outstanding	48.82M	48.83M	48.85M
Cash Dividends to Common per Share	$0.63	$0.28	$0.75

This table shows NL Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-8.90	-6.06	-6.72	-3.11	-0.07	7.59	6.84	7.84	36	17
Consolidated Net Income / (Loss)	-8.36	-5.45	-5.94	-2.59	0.67	8.44	7.32	8.45	36	17
Net Income / (Loss) Continuing Operations	-8.36	-5.45	-5.94	-2.59	0.67	8.44	7.32	8.45	36	17
Total Pre-Tax Income	-14	-6.23	-4.52	-9.89	-0.30	8.29	8.30	9.76	45	20
Total Operating Income	3.22	2.44	4.20	1.42	3.68	4.83	1.36	0.79	2.04	34
Total Gross Profit	12	11	13	10	13	14	9.67	11	9.47	11
Total Revenue	43	40	41	37	40	43	38	36	34	38
Operating Revenue	43	40	41	37	40	43	38	36	34	38
Total Cost of Revenue	31	29	28	26	28	30	28	25	24	27
Operating Cost of Revenue	31	29	28	26	28	30	28	25	24	27
Total Operating Expenses	8.72	8.71	8.51	8.85	8.94	8.79	8.31	10	7.43	-23
Selling, General & Admin Expense	8.72	-2.99	8.51	8.85	9.24	-2.82	8.31	10	8.53	-2.88
Total Other Income / (Expense), net	-17	-8.67	-8.72	-11	-3.98	3.46	6.95	8.96	43	-13
Interest Expense	0.25	0.20	0.20	0.20	0.20	0.15	0.15	0.15	0.15	0.09
Interest & Investment Income	7.50	-4.23	-2.67	-5.83	-3.89	7.02	5.03	8.65	25	-1.02
Other Income / (Expense), net	-24	-4.25	-5.84	-5.28	0.11	-3.42	2.07	0.46	18	-12
Income Tax Expense	-5.58	-0.78	1.42	-7.30	-0.97	-0.16	0.99	1.30	8.51	3.26
Net Income / (Loss) Attributable to Noncontrolling Interest	0.55	0.61	0.78	0.52	0.74	0.86	0.48	0.62	0.36	0.58
Basic Earnings per Share	($0.18)	($0.13)	($0.14)	($0.06)	$0.00	$0.15	$0.14	$0.16	$0.74	$0.34
Weighted Average Basic Shares Outstanding	48.82M	48.81M	48.82M	48.82M	48.83M	48.83M	48.83M	48.84M	48.85M	48.84M
Diluted Earnings per Share	($0.18)	($0.49)	($0.14)	($0.06)	$0.00	$0.15	$0.14	$0.16	$0.74	$0.34
Weighted Average Diluted Shares Outstanding	48.82M	48.81M	48.82M	48.82M	48.83M	48.83M	48.83M	48.84M	48.85M	48.84M
Weighted Average Basic & Diluted Shares Outstanding	48.82M	48.82M	48.82M	48.83M	48.83M	48.83M	48.83M	48.85M	48.85M	48.85M

This table details how cash moves in and out of NL Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-78	44	43
Net Cash From Operating Activities	27	37	26
Net Cash From Continuing Operating Activities	27	37	26
Net Income / (Loss) Continuing Operations	36	0.58	69
Consolidated Net Income / (Loss)	36	0.58	69
Depreciation Expense	3.98	3.97	3.69
Non-Cash Adjustments To Reconcile Net Income	3.15	51	-41
Changes in Operating Assets and Liabilities, net	-17	-19	-6.53
Net Cash From Investing Activities	-68	22	59
Net Cash From Continuing Investing Activities	-68	22	59
Purchase of Property, Plant & Equipment	-3.70	-1.13	-1.43
Purchase of Investments	-70	-61	0.00
Sale of Property, Plant & Equipment	0.00	0.00	5.00
Sale and/or Maturity of Investments	0.00	82	54
Other Investing Activities, net	5.78	2.60	1.30
Net Cash From Financing Activities	-37	-15	-42
Net Cash From Continuing Financing Activities	-37	-15	-42
Payment of Dividends	-35	-15	-42
Other Financing Activities, net	-1.74	0.00	0.00
Cash Interest Paid	0.03	0.05	0.05
Cash Income Taxes Paid	1.14	-0.30	0.13

This table details how cash moves in and out of NL Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-23	-59	-21	10	7.44	47	27	29	-21	7.97
Net Cash From Operating Activities	-0.89	14	7.28	14	-5.46	22	6.74	16	-5.69	8.98
Net Cash From Continuing Operating Activities	-0.89	14	7.28	14	-5.46	22	6.74	16	-5.69	8.98
Net Income / (Loss) Continuing Operations	-8.36	-5.45	-5.94	-2.59	0.67	8.44	7.32	8.45	36	17
Consolidated Net Income / (Loss)	-8.36	-5.45	-5.94	-2.59	0.67	8.44	7.32	8.45	36	17
Depreciation Expense	1.01	1.02	1.01	1.00	0.99	0.98	0.93	0.92	0.92	0.93
Non-Cash Adjustments To Reconcile Net Income	24	17	16	19	11	5.69	1.64	0.73	-39	-4.17
Changes in Operating Assets and Liabilities, net	-17	2.11	-3.49	-3.56	-18	6.43	-3.14	5.44	-3.93	-4.89
Net Cash From Investing Activities	1.24	-69	-24	0.65	17	29	24	18	13	3.36
Net Cash From Continuing Investing Activities	1.24	-69	-24	0.65	17	29	24	18	13	3.36
Purchase of Property, Plant & Equipment	-0.79	-0.69	-0.27	-0.21	-0.09	-0.57	-0.31	-0.43	-0.46	-0.24
Other Investing Activities, net	2.03	1.50	1.00	-	0.20	1.40	0.80	0.60	1.30	-1.40
Net Cash From Financing Activities	-24	-3.79	-3.81	-3.81	-3.81	-3.81	-4.37	-4.38	-29	-4.38
Net Cash From Continuing Financing Activities	-24	-3.79	-3.81	-3.81	-3.81	-3.81	-4.37	-4.38	-29	-4.38
Payment of Dividends	-24	-3.81	-3.81	-3.81	-3.81	-3.81	-4.37	-4.38	-29	-4.38
Cash Interest Paid	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Cash Income Taxes Paid	0.12	0.86	0.17	-0.74	0.10	0.17	-0.13	0.13	0.02	0.11

This table presents NL Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	610	577	578
Total Current Assets	194	218	238
Cash & Equivalents	69	112	163
Restricted Cash	2.86	2.92	21
Short-Term Investments	70	53	0.00
Accounts Receivable	19	18	24
Inventories, net	31	31	28
Prepaid Expenses	2.28	2.24	2.15
Plant, Property, & Equipment, net	29	26	24
Plant, Property & Equipment, gross	103	104	105
Accumulated Depreciation	75	78	81
Total Noncurrent Assets	387	333	316
Long-Term Investments	319	266	278
Noncurrent Note & Lease Receivables	13	11	9.30
Goodwill	27	27	27
Other Noncurrent Operating Assets	2.52	2.06	1.03
Other Noncurrent Nonoperating Assets	26	27	0.49
Total Liabilities & Shareholders' Equity	610	577	578
Total Liabilities	207	185	162
Total Current Liabilities	32	30	91
Accounts Payable	3.54	3.15	3.76
Accrued Expenses	16	15	70
Other Current Liabilities	12	12	17
Total Noncurrent Liabilities	175	154	71
Long-Term Debt	0.50	0.50	0.50
Asset Retirement Reserve & Litigation Obligation	117	106	11
Noncurrent Deferred & Payable Income Tax Liabilities	50	42	53
Noncurrent Employee Benefit Liabilities	3.01	1.57	0.08
Other Noncurrent Operating Liabilities	4.28	5.07	6.18
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	403	392	416
Total Preferred & Common Equity	382	370	397
Preferred Stock	0.00	0.00	0.00
Total Common Equity	382	370	397
Common Stock	305	305	305
Retained Earnings	300	284	315
Accumulated Other Comprehensive Income / (Loss)	-223	-220	-223
Noncontrolling Interest	21	22	19

This table presents NL Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	583	594	586	570	569	580	586
Total Current Assets	186	199	208	206	218	227	226
Cash & Equivalents	128	48	59	66	138	167	146
Restricted Cash	2.83	2.87	2.91	2.92	2.92	2.90	30
Short-Term Investments	-	96	96	80	30	12	0.00
Accounts Receivable	19	20	16	21	18	16	15
Inventories, net	33	30	34	34	28	27	28
Prepaid Expenses	2.68	2.10	1.77	2.19	1.95	1.88	7.29
Plant, Property, & Equipment, net	29	28	27	26	25	25	24
Plant, Property & Equipment, gross	103	103	104	104	104	104	105
Accumulated Depreciation	74	75	76	77	79	79	80
Total Noncurrent Assets	368	367	351	338	325	328	336
Long-Term Investments	298	299	284	271	258	259	300
Noncurrent Note & Lease Receivables	-	-	-	-	9.80	9.20	7.90
Goodwill	27	27	27	27	27	27	27
Other Noncurrent Operating Assets	17	15	14	14	3.50	5.72	0.70
Other Noncurrent Nonoperating Assets	25	26	26	26	27	27	0.53
Total Liabilities & Shareholders' Equity	583	594	586	570	569	580	586
Total Liabilities	200	203	198	185	179	185	181
Total Current Liabilities	32	27	29	30	25	30	34
Accounts Payable	5.17	3.93	5.22	3.99	3.07	3.79	3.29
Accrued Expenses	14	10	12	14	8.98	13	13
Other Current Liabilities	12	13	13	13	13	13	17
Total Noncurrent Liabilities	168	176	168	155	154	155	147
Long-Term Debt	-	-	-	-	0.50	0.50	0.50
Asset Retirement Reserve & Litigation Obligation	117	117	117	105	106	106	89
Noncurrent Deferred & Payable Income Tax Liabilities	45	51	44	43	41	43	52
Noncurrent Employee Benefit Liabilities	2.23	3.06	2.75	2.11	1.58	1.25	0.62
Other Noncurrent Operating Liabilities	3.20	4.21	4.18	3.98	5.05	5.07	5.08
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	384	391	389	386	390	395	405
Total Preferred & Common Equity	363	370	368	364	368	373	386
Preferred Stock	-	-	-	-	0.00	0.00	0.00
Total Common Equity	363	370	368	364	368	373	386
Common Stock	305	304	305	305	305	305	305
Retained Earnings	310	290	284	280	287	291	302
Accumulated Other Comprehensive Income / (Loss)	-252	-224	-221	-221	-224	-223	-222
Noncontrolling Interest	20	21	21	21	22	22	19

This table displays calculated financial ratios and metrics derived from NL Industries' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	18.28%	-3.17%	-9.51%
EBITDA Growth	-71.60%	-56.80%	1,268.37%
EBIT Growth	-82.68%	-106.78%	15,291.83%
NOPAT Growth	38.64%	-22.47%	218.35%
Net Income Growth	-31.68%	-98.40%	11,800.52%
EPS Growth	-34.29%	-107.25%	2,860.00%
Operating Cash Flow Growth	52.94%	37.40%	-30.89%
Free Cash Flow Firm Growth	-17.91%	-174.88%	288.92%
Invested Capital Growth	6.77%	17.99%	32.28%
Revenue Q/Q Growth	3.67%	2.02%	-3.15%
EBITDA Q/Q Growth	-52.58%	657.64%	66.40%
EBIT Q/Q Growth	-67.68%	91.32%	75.99%
NOPAT Q/Q Growth	10.77%	20.36%	310.69%
Net Income Q/Q Growth	-36.31%	104.37%	14.32%
EPS Q/Q Growth	-53.69%	92.75%	15.97%
Operating Cash Flow Q/Q Growth	34.13%	24.74%	-32.93%
Free Cash Flow Firm Q/Q Growth	1,635.96%	-101.37%	-47.24%
Invested Capital Q/Q Growth	-17.43%	-13.52%	34.47%
Profitability Metrics	-	-	-
Gross Margin	29.30%	30.52%	28.34%
EBITDA Margin	5.10%	2.27%	34.38%
Operating Margin	8.24%	8.76%	25.95%
EBIT Margin	2.71%	-0.19%	31.85%
Profit (Net Income) Margin	21.89%	0.36%	47.46%
Tax Burden Percent	92.90%	-9.07%	83.13%
Interest Burden Percent	869.70%	2,097.71%	179.23%
Effective Tax Rate	7.10%	0.00%	16.87%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	9.26%	0.15%	17.15%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.75%	-0.05%	8.05%
Return on Assets (ROA)	6.05%	0.10%	11.99%
Return on Common Equity (ROCE)	8.75%	0.14%	16.28%
Return on Equity Simple (ROE_SIMPLE)	9.54%	0.16%	17.45%
Net Operating Profit after Tax (NOPAT)	13	9.89	31
NOPAT Margin	7.66%	6.13%	21.57%
Net Nonoperating Expense Percent (NNEP)	4.94%	-1.97%	8.20%
Return On Investment Capital (ROIC_SIMPLE)	3.16%	2.52%	7.56%
Cost of Revenue to Revenue	70.70%	69.48%	71.66%
SG&A Expenses to Revenue	14.03%	14.75%	16.68%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.05%	21.76%	2.39%
Earnings before Interest and Taxes (EBIT)	4.51	-0.31	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.49	3.67	50
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.74	0.66	0.96
Price to Tangible Book Value (P/TBV)	0.80	0.71	1.03
Price to Revenue (P/Rev)	1.70	1.52	2.60
Price to Earnings (P/E)	8.37	0.00	5.65
Dividend Yield	10.86%	5.58%	9.65%
Earnings Yield	11.95%	0.00%	17.71%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-1.22	-1.19	-1.14
Leverage Ratio	1.53	1.49	1.43
Compound Leverage Factor	13.32	31.33	2.56
Debt to Total Capital	0.12%	0.13%	0.12%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.12%	0.13%	0.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.11%	5.60%	4.56%
Common Equity to Total Capital	94.77%	94.28%	95.32%
Debt to EBITDA	0.06	0.14	0.01
Net Debt to EBITDA	-54.18	-118.04	-9.20
Long-Term Debt to EBITDA	0.06	0.14	0.01
Debt to NOPAT	0.04	0.05	0.02
Net Debt to NOPAT	-36.06	-43.77	-14.66
Long-Term Debt to NOPAT	0.04	0.05	0.02
Altman Z-Score	2.13	2.15	2.99
Noncontrolling Interest Sharing Ratio	5.47%	5.36%	5.07%
Liquidity Ratios	-	-	-
Current Ratio	6.05	7.17	2.61
Quick Ratio	4.92	5.99	2.05
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	6.73	-5.04	9.52
Operating Cash Flow to CapEx	728.85%	3,274.60%	0.00%
Free Cash Flow to Firm to Interest Expense	7.15	-6.76	17.96
Operating Cash Flow to Interest Expense	28.62	49.60	48.25
Operating Cash Flow Less CapEx to Interest Expense	24.69	48.09	54.98
Efficiency Ratios	-	-	-
Asset Turnover	0.28	0.27	0.25
Accounts Receivable Turnover	9.76	8.90	7.04
Inventory Turnover	4.14	3.62	3.54
Fixed Asset Turnover	5.76	5.91	5.85
Accounts Payable Turnover	33.91	33.53	30.29
Days Sales Outstanding (DSO)	37.38	41.00	51.86
Days Inventory Outstanding (DIO)	88.23	100.97	103.10
Days Payable Outstanding (DPO)	10.76	10.89	12.05
Cash Conversion Cycle (CCC)	114.85	131.08	142.90
Capital & Investment Metrics	-	-	-
Invested Capital	-83	-68	-46
Invested Capital Turnover	-1.94	-2.14	-2.56
Increase / (Decrease) in Invested Capital	6.03	15	22
Enterprise Value (EV)	-156	-166	-63
Market Capitalization	283	245	380
Book Value per Share	$7.83	$7.57	$8.13
Tangible Book Value per Share	$7.27	$7.02	$7.57
Total Capital	403	392	416
Total Debt	0.50	0.50	0.50
Total Long-Term Debt	0.50	0.50	0.50
Net Debt	-460	-433	-461
Capital Expenditures (CapEx)	3.70	1.13	-3.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	20	-37
Debt-free Net Working Capital (DFNWC)	162	188	147
Net Working Capital (NWC)	162	188	147
Net Nonoperating Expense (NNE)	-24	9.31	-38
Net Nonoperating Obligations (NNO)	-486	-460	-462
Total Depreciation and Amortization (D&A)	3.98	3.97	3.69
Debt-free, Cash-free Net Working Capital to Revenue	12.02%	12.54%	-25.22%
Debt-free Net Working Capital to Revenue	97.21%	116.45%	100.65%
Net Working Capital to Revenue	97.21%	116.45%	100.65%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.69	($0.05)	$1.38
Adjusted Weighted Average Basic Shares Outstanding	48.81M	48.83M	48.84M
Adjusted Diluted Earnings per Share	$0.69	($0.05)	$1.38
Adjusted Weighted Average Diluted Shares Outstanding	48.81M	48.83M	48.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.82M	48.83M	48.85M
Normalized Net Operating Profit after Tax (NOPAT)	13	9.57	30
Normalized NOPAT Margin	7.61%	5.93%	20.79%
Pre Tax Income Margin	23.56%	-3.98%	57.09%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	4.79	-0.41	87.71
NOPAT to Interest Expense	13.56	13.26	59.41
EBIT Less CapEx to Interest Expense	0.87	-1.92	94.44
NOPAT Less CapEx to Interest Expense	9.63	11.74	66.14
Payout Ratios	-	-	-
Dividend Payout Ratio	96.16%	2,616.32%	60.11%
Augmented Payout Ratio	96.16%	2,616.32%	60.11%

This table displays calculated financial ratios and metrics derived from NL Industries' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.04%	17.28%	-2.14%	-12.14%	-5.85%	7.99%	-7.73%	-1.99%	-16.57%	-11.00%
EBITDA Growth	-1,189.79%	-109.23%	-112.07%	-111.83%	123.68%	400.38%	782.42%	175.92%	344.80%	838.48%
EBIT Growth	-2,479.55%	-123.70%	-138.14%	-116.65%	117.90%	177.96%	307.71%	132.44%	436.44%	1,422.54%
NOPAT Growth	8.13%	43.39%	-13.40%	-71.44%	14.46%	188.14%	-59.34%	-31.09%	-35.96%	475.12%
Net Income Growth	-176.96%	-135.58%	-130.92%	-108.34%	107.99%	254.82%	223.17%	426.24%	5,345.21%	102.74%
EPS Growth	-185.71%	-258.06%	-118.92%	-109.68%	100.00%	130.61%	200.00%	366.67%	0.00%	126.67%
Operating Cash Flow Growth	73.37%	93.30%	143.01%	28.41%	-512.33%	51.69%	-7.34%	13.80%	-4.08%	-58.30%
Free Cash Flow Firm Growth	-2,209.73%	-2,383.03%	-119.73%	-870.36%	16.07%	-131.79%	-2,250.34%	51.95%	247.70%	163.34%
Invested Capital Growth	14.47%	6.77%	4.21%	11.91%	15.17%	17.99%	18.69%	6.76%	-17.31%	32.28%
Revenue Q/Q Growth	2.85%	-6.74%	2.95%	-11.02%	10.21%	6.96%	-12.03%	-5.49%	-6.19%	14.11%
EBITDA Q/Q Growth	-183.43%	96.06%	19.87%	-349.14%	266.97%	-50.01%	82.04%	-50.03%	878.27%	5.47%
EBIT Q/Q Growth	-191.36%	91.45%	9.01%	-134.37%	198.19%	-62.77%	142.45%	-63.40%	1,523.88%	5.67%
NOPAT Q/Q Growth	-35.37%	-24.13%	72.01%	-66.14%	159.04%	91.00%	-75.73%	-42.63%	140.73%	1,615.38%
Net Income Q/Q Growth	-126.91%	34.73%	-8.89%	56.37%	125.78%	1,164.07%	-13.37%	15.56%	330.31%	-52.94%
EPS Q/Q Growth	-129.03%	-172.22%	71.43%	57.14%	100.00%	0.00%	-6.67%	14.29%	362.50%	-54.05%
Operating Cash Flow Q/Q Growth	-108.39%	1,691.70%	-48.74%	87.55%	-140.01%	494.31%	-68.69%	130.34%	-136.60%	257.98%
Free Cash Flow Firm Q/Q Growth	-886.12%	55.50%	86.43%	-1,522.30%	14.36%	-22.90%	-37.64%	66.84%	363.28%	-47.29%
Invested Capital Q/Q Growth	19.87%	-17.43%	3.47%	3.02%	22.83%	-13.52%	4.29%	-11.21%	2.90%	34.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.85%	27.90%	30.87%	28.06%	31.27%	31.56%	25.46%	31.11%	28.12%	28.80%
EBITDA Margin	-47.06%	-1.99%	-1.55%	-7.81%	11.84%	5.53%	11.45%	6.05%	63.11%	58.34%
Operating Margin	7.50%	6.10%	10.20%	3.88%	9.12%	11.19%	3.57%	2.20%	6.05%	87.71%
EBIT Margin	-49.41%	-4.53%	-4.00%	-10.54%	9.39%	3.27%	9.01%	3.49%	60.39%	55.92%
Profit (Net Income) Margin	-19.49%	-13.64%	-14.43%	-7.08%	1.66%	19.56%	19.26%	23.55%	108.04%	44.56%
Tax Burden Percent	59.98%	87.50%	131.45%	26.20%	-224.92%	101.89%	88.10%	86.65%	81.04%	84.01%
Interest Burden Percent	65.79%	344.36%	274.32%	256.24%	-7.84%	587.31%	242.71%	779.15%	220.76%	94.86%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-1.89%	11.90%	13.35%	18.96%	15.99%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	15.29%	9.26%	2.85%	-5.52%	-3.46%	0.15%	3.54%	6.35%	15.33%	17.15%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-13.73%	-1.25%	-1.10%	-2.76%	2.57%	0.89%	2.45%	0.94%	15.74%	14.13%
Return on Assets (ROA)	-5.42%	-3.77%	-3.96%	-1.85%	0.45%	5.32%	5.24%	6.36%	28.16%	11.26%
Return on Common Equity (ROCE)	14.41%	8.75%	2.69%	-5.22%	-3.27%	0.14%	3.35%	6.00%	14.54%	16.28%
Return on Equity Simple (ROE_SIMPLE)	15.76%	0.00%	3.05%	-6.08%	-3.66%	0.00%	3.76%	6.67%	15.69%	0.00%
Net Operating Profit after Tax (NOPAT)	2.25	1.71	2.94	0.99	2.58	4.92	1.19	0.69	1.65	28
NOPAT Margin	5.25%	4.27%	7.14%	2.72%	6.39%	11.40%	3.15%	1.91%	4.90%	73.68%
Net Nonoperating Expense Percent (NNEP)	-2.35%	-1.49%	-1.85%	-0.74%	-0.42%	0.75%	1.32%	1.66%	7.54%	-2.43%
Return On Investment Capital (ROIC_SIMPLE)	-	0.42%	-	-	-	1.25%	-	-	-	6.80%
Cost of Revenue to Revenue	72.15%	72.10%	69.13%	71.94%	68.73%	68.44%	74.54%	68.89%	71.88%	71.20%
SG&A Expenses to Revenue	20.34%	-7.48%	20.67%	24.18%	22.90%	-6.53%	21.89%	28.91%	25.34%	-7.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.34%	21.80%	20.67%	24.18%	22.15%	20.37%	21.89%	28.91%	22.08%	-58.91%
Earnings before Interest and Taxes (EBIT)	-21	-1.81	-1.65	-3.86	3.79	1.41	3.42	1.25	20	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	-0.80	-0.64	-2.86	4.78	2.39	4.35	2.17	21	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.90	0.74	0.70	0.65	0.57	0.66	0.90	0.74	0.94	0.96
Price to Tangible Book Value (P/TBV)	0.97	0.80	0.76	0.71	0.61	0.71	0.97	0.80	1.01	1.03
Price to Revenue (P/Rev)	2.03	1.70	1.57	1.50	1.31	1.52	2.10	1.76	2.41	2.60
Price to Earnings (P/E)	5.93	8.37	30.36	0.00	0.00	0.00	29.54	12.46	6.23	5.65
Dividend Yield	9.30%	10.86%	11.82%	12.80%	6.62%	5.58%	4.26%	5.30%	9.96%	9.65%
Earnings Yield	16.85%	11.95%	3.29%	0.00%	0.00%	0.00%	3.39%	8.03%	16.05%	17.71%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.20	-1.22	-1.21	-1.20	-1.17	-1.19	-1.19	-1.19	-1.16	-1.14
Leverage Ratio	1.54	1.53	1.52	1.52	1.50	1.49	1.49	1.49	1.46	1.43
Compound Leverage Factor	1.02	5.27	4.17	3.88	-0.12	8.77	3.61	11.59	3.23	1.36
Debt to Total Capital	0.00%	0.12%	0.00%	0.00%	0.00%	0.13%	0.13%	0.13%	0.12%	0.12%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.12%	0.00%	0.00%	0.00%	0.13%	0.13%	0.13%	0.12%	0.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.31%	5.11%	5.36%	5.43%	5.57%	5.60%	5.62%	5.59%	4.66%	4.56%
Common Equity to Total Capital	94.69%	94.77%	94.64%	94.57%	94.43%	94.28%	94.25%	94.28%	95.22%	95.32%
Debt to EBITDA	0.00	0.06	0.00	0.00	0.00	0.14	0.06	0.04	0.02	0.01
Net Debt to EBITDA	0.00	-54.18	0.00	0.00	0.00	-118.04	-49.49	-32.18	-15.74	-9.20
Long-Term Debt to EBITDA	0.00	0.06	0.00	0.00	0.00	0.14	0.06	0.04	0.02	0.01
Debt to NOPAT	0.00	0.04	0.00	0.00	0.00	0.05	0.02	0.05	0.07	0.02
Net Debt to NOPAT	0.00	-36.06	0.00	0.00	0.00	-43.77	-17.55	-43.26	-61.92	-14.66
Long-Term Debt to NOPAT	0.00	0.04	0.00	0.00	0.00	0.05	0.02	0.05	0.07	0.02
Altman Z-Score	2.19	2.09	2.07	2.03	2.03	2.16	2.53	2.29	2.69	2.85
Noncontrolling Interest Sharing Ratio	5.72%	5.47%	5.50%	5.44%	5.44%	5.36%	5.50%	5.52%	5.11%	5.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.81	6.05	7.43	7.10	6.87	7.17	8.87	7.69	6.72	2.61
Quick Ratio	4.60	4.92	6.12	5.79	5.55	5.99	7.56	6.60	4.78	2.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-9.70	-4.32	-0.59	-9.51	-8.14	-10	-14	-4.57	12	6.34
Operating Cash Flow to CapEx	-112.48%	2,066.67%	2,695.56%	6,562.50%	-6,351.16%	3,805.12%	2,211.15%	3,655.06%	-1,225.22%	3,773.53%
Free Cash Flow to Firm to Interest Expense	-38.66	-22.03	-2.95	-47.78	-40.31	-68.55	-95.00	-30.87	81.82	70.44
Operating Cash Flow to Interest Expense	-3.55	72.44	36.57	68.59	-27.04	147.51	46.51	104.96	-38.67	99.79
Operating Cash Flow Less CapEx to Interest Expense	-6.71	68.93	35.22	67.55	-27.47	143.64	44.41	102.09	-41.83	97.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.28	0.27	0.26	0.27	0.27	0.27	0.27	0.26	0.25
Accounts Receivable Turnover	9.35	9.76	8.86	9.62	7.93	8.90	8.42	9.99	8.55	7.04
Inventory Turnover	3.99	4.14	3.99	3.42	3.29	3.62	3.87	3.61	3.43	3.54
Fixed Asset Turnover	5.58	5.76	5.73	5.68	5.72	5.91	5.96	6.07	5.97	5.85
Accounts Payable Turnover	23.48	33.91	25.69	19.67	24.31	33.53	31.98	24.47	29.32	30.29
Days Sales Outstanding (DSO)	39.05	37.38	41.18	37.94	46.06	41.00	43.37	36.55	42.70	51.86
Days Inventory Outstanding (DIO)	91.42	88.23	91.56	106.86	110.83	100.97	94.21	101.14	106.47	103.10
Days Payable Outstanding (DPO)	15.55	10.76	14.21	18.55	15.02	10.89	11.41	14.92	12.45	12.05
Cash Conversion Cycle (CCC)	114.92	114.85	118.53	126.25	141.87	131.08	126.17	122.77	136.73	142.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-71	-83	-80	-78	-60	-68	-65	-72	-70	-46
Invested Capital Turnover	-2.10	-1.94	-2.02	-1.94	-2.42	-2.14	-2.18	-2.10	-2.31	-2.56
Increase / (Decrease) in Invested Capital	12	6.03	3.52	11	11	15	15	5.25	-10	22
Enterprise Value (EV)	-83	-156	-165	-180	-192	-166	-74	-142	-93	-63
Market Capitalization	325	283	260	240	207	245	332	276	363	380
Book Value per Share	$7.44	$7.83	$7.59	$7.53	$7.46	$7.57	$7.54	$7.64	$7.90	$8.13
Tangible Book Value per Share	$6.88	$7.27	$7.03	$6.98	$6.90	$7.02	$6.98	$7.08	$7.35	$7.57
Total Capital	384	403	391	389	386	392	391	396	405	416
Total Debt	0.00	0.50	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.50
Total Long-Term Debt	0.00	0.50	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.50
Net Debt	-429	-460	-446	-441	-420	-433	-428	-440	-475	-461
Capital Expenditures (CapEx)	0.79	0.69	0.27	0.21	0.09	0.57	0.31	0.43	0.46	0.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	23	20	25	22	27	20	23	16	16	-37
Debt-free Net Working Capital (DFNWC)	154	162	172	179	176	188	194	198	192	147
Net Working Capital (NWC)	154	162	172	179	176	188	194	198	192	147
Net Nonoperating Expense (NNE)	11	7.16	8.88	3.59	1.91	-3.52	-6.12	-7.77	-35	11
Net Nonoperating Obligations (NNO)	-454	-486	-471	-466	-446	-460	-455	-468	-475	-462
Total Depreciation and Amortization (D&A)	1.01	1.02	1.01	1.00	0.99	0.98	0.93	0.92	0.92	0.93
Debt-free, Cash-free Net Working Capital to Revenue	14.44%	12.02%	15.22%	13.63%	17.16%	12.54%	14.46%	9.86%	10.83%	-25.22%
Debt-free Net Working Capital to Revenue	95.84%	97.21%	103.78%	111.48%	111.38%	116.45%	122.51%	125.68%	127.42%	100.65%
Net Working Capital to Revenue	95.84%	97.21%	103.78%	111.48%	111.38%	116.45%	122.51%	125.68%	127.42%	100.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.13)	($0.14)	($0.06)	$0.00	$0.15	$0.14	$0.16	$0.74	$0.34
Adjusted Weighted Average Basic Shares Outstanding	48.82M	48.81M	48.82M	48.82M	48.83M	48.83M	48.83M	48.84M	48.85M	48.84M
Adjusted Diluted Earnings per Share	($0.18)	($0.49)	$0.82	($0.06)	$0.00	$0.15	$0.14	$0.16	$0.74	$0.34
Adjusted Weighted Average Diluted Shares Outstanding	48.82M	48.81M	48.81M	48.82M	48.83M	48.83M	48.83M	48.84M	48.85M	48.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.82M	48.82M	48.82M	48.83M	48.83M	48.83M	48.83M	48.85M	48.85M	48.85M
Normalized Net Operating Profit after Tax (NOPAT)	2.25	1.71	2.94	0.99	2.36	3.38	1.19	0.69	0.76	28
Normalized NOPAT Margin	5.25%	4.27%	7.14%	2.72%	5.86%	7.83%	3.15%	1.91%	2.25%	73.68%
Pre Tax Income Margin	-32.50%	-15.59%	-10.98%	-27.01%	-0.74%	19.20%	21.87%	27.18%	133.31%	53.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-84.37	-9.23	-8.28	-19.40	18.76	9.66	23.59	8.46	138.31	238.70
NOPAT to Interest Expense	8.97	8.71	14.76	5.00	12.76	33.71	8.24	4.63	11.22	314.50
EBIT Less CapEx to Interest Expense	-87.53	-12.74	-9.63	-20.44	18.34	5.79	21.49	5.59	135.15	236.06
NOPAT Less CapEx to Interest Expense	5.81	5.21	13.41	3.95	12.33	29.83	6.14	1.76	8.07	311.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	60.28%	96.16%	309.87%	-156.78%	-114.34%	2,616.32%	114.16%	65.78%	67.78%	60.11%
Augmented Payout Ratio	60.28%	96.16%	309.87%	-156.78%	-114.34%	2,616.32%	114.16%	65.78%	67.78%	60.11%

Frequently Asked Questions About NL Industries' Financials

When does NL Industries's fiscal year end?

According to the most recent income statement we have on file, NL Industries' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NL Industries' net income changed over the last 2 years?

NL Industries' net income appears to be on an upward trend, with a most recent value of $69.26 million in 2024, rising from $36.46 million in 2022. The previous period was $582 thousand in 2023.

What is NL Industries's operating income?

NL Industries's total operating income in 2024 was $37.88 million, based on the following breakdown:

Total Gross Profit: $41.36 million
Total Operating Expenses: $3.49 million

How has NL Industries revenue changed over the last 2 years?

Over the last 2 years, NL Industries' total revenue changed from $166.56 million in 2022 to $145.94 million in 2024, a change of -12.4%.

How much debt does NL Industries have?

NL Industries' total liabilities were at $162.36 million at the end of 2024, a 12.2% decrease from 2023, and a 21.6% decrease since 2022.

How much cash does NL Industries have?

In the past 2 years, NL Industries' cash and equivalents has ranged from $68.87 million in 2022 to $163.15 million in 2024, and is currently $163.15 million as of their latest financial filing in 2024.

How has NL Industries' book value per share changed over the last 2 years?

Over the last 2 years, NL Industries' book value per share changed from 7.83 in 2022 to 8.13 in 2024, a change of 3.8%.

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This page (NYSE:NL) was last updated on 4/18/2025 by MarketBeat.com Staff

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NL Industries (NL) Financials

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NL Industries (NL) Financials

Annual Income Statements for NL Industries

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