NL Industries (NL)
NYSE:NL
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NL Industries
(NYSE:NL)
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Rating:62Neutral
Price Target:
$6.50
▲(13.24% Upside)
Action:Reiterated
Date:05/28/26
The score is driven mainly by mixed financial performance: strong balance-sheet strength and improving revenue/cash-flow trends are offset by ongoing losses and negative returns. Technicals are supportive given the strong uptrend, but elevated RSI adds near-term risk. Valuation is helped by a high dividend yield and a moderate P/E, while the recent governance and dividend actions modestly support the outlook.
Positive Factors
Conservative balance sheet
Extremely low leverage and sizable equity give NL sustained financial flexibility to fund operations, dividends, or acquisitions without reliance on new debt. This capital strength supports resilience through cyclical downturns and underpins long-term strategic optionality for management.
Negative Factors
Persistent negative profitability
Sustained net losses and negative returns on equity indicate the company is not currently converting capital into shareholder profit. This undermines long-term earnings durability and requires meaningful margin recovery or structural cost changes for profits to sustainably return.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and sizable equity give NL sustained financial flexibility to fund operations, dividends, or acquisitions without reliance on new debt. This capital strength supports resilience through cyclical downturns and underpins long-term strategic optionality for management.
Read all positive factors
NL Industries (NL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$296.11M
Dividend Yield10.18%
Average Volume (3M)25.88K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth6.99%
EPS Growth-155.90%
CountryUS
Employees3,034
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.69
Shares Outstanding48,862,736
10 Day Avg. Volume30,251
30 Day Avg. Volume25,875
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.74
Price to Sales (P/S)1.69
P/FCF Ratio-6.66
Enterprise Value/Market Cap0.65
Enterprise Value/Revenue1.22
Enterprise Value/Gross Profit3.92
Enterprise Value/Ebitda-4.36
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.87
Revenue Forecast (FY)N/A
NL Industries Business Overview & Revenue Model
Company Description
NL Industries, Inc. is a diversified holding company primarily engaged in the manufacturing and sale of various industrial products, with a strong focus on the chemical and coatings sectors. The company operates through its subsidiaries, which inc...
How the Company Makes Money
NL primarily makes money through (1) operating income generated by its CompX International businesses and (2) investment-related returns from its equity holdings, most notably its stake in Kronos Worldwide. CompX generates revenue by selling manuf...
NL Industries Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 158.58M | 158.28M | 145.94M | 161.29M | 166.56M | 140.81M |
| Gross Profit | 49.27M | 48.18M | 41.36M | 49.22M | 48.80M | 42.75M |
| EBITDA | -44.25M | -47.01M | 107.84M | -1.70M | 44.16M | 65.82M |
| Net Income | -34.15M | -37.83M | 67.23M | -2.31M | 33.84M | 51.19M |
Balance Sheet | ||||||
| Total Assets | 461.19M | 470.01M | 578.26M | 576.66M | 609.87M | 596.15M |
| Cash, Cash Equivalents and Short-Term Investments | 105.03M | 113.74M | 163.15M | 164.67M | 139.03M | 147.00M |
| Total Debt | 1.43M | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Total Liabilities | 83.56M | 93.22M | 162.35M | 184.90M | 207.12M | 211.18M |
| Stockholders Equity | 359.33M | 358.77M | 396.90M | 369.81M | 382.15M | 362.47M |
Cash Flow | ||||||
| Free Cash Flow | 4.20M | -40.15M | 24.14M | 35.87M | 23.24M | 13.52M |
| Operating Cash Flow | 7.53M | -36.40M | 25.57M | 37.00M | 26.93M | 17.61M |
| Investing Cash Flow | -1.43M | -2.44M | 58.87M | 22.10M | -67.87M | 6.71M |
| Financing Cash Flow | -31.79M | -31.30M | -41.63M | -15.23M | -36.80M | -14.35M |
NL Industries Technical Analysis
Neutral
5.74
Price Trends
6.07
Negative
5.98
Positive
5.80
Positive
Market Momentum
>-0.01
Positive
46.34
Neutral
11.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL, the sentiment is Neutral. The current price of 5.74 is below the 20-day moving average (MA) of 6.53, below the 50-day MA of 6.07, and below the 200-day MA of 5.80, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 11.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL.
NL Industries Risk Analysis
NL Industries disclosed 18 risk factors in its most recent earnings report. NL Industries reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NL Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $298.09M | 14.79 | 14.26% | 9.65% | 6.98% | 12.40% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $296.11M | -8.61 | -9.16% | 10.18% | 6.99% | -155.90% | |
55 Neutral | $60.66M | 42.36 | 3.21% | ― | ― | ― | |
55 Neutral | $587.97M | 24.85 | 9.83% | ― | 3.48% | 48.10% | |
51 Neutral | $1.14B | -28.70 | -33.53% | ― | 40.54% | 20.94% | |
48 Neutral | $118.16M | -8.99 | -21.22% | ― | 6.39% | 0.74% |
* Industrials Sector Average
NL
NL Industries
6.02
-0.10
-1.55%
CIX
Compx International
24.24
2.19
9.96%
SNT
Senstar Technologies
2.48
-1.37
-35.58%
MG
Mistras Group
17.61
9.93
129.30%
EVLV
Evolv Technologies Holdings
5.91
0.48
8.84%
BAER
Bridger Aerospace Group Holdings
1.89
0.02
1.07%
NL Industries Corporate Events
Business Operations and StrategyM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
NL Industries Completes Reincorporation Merger to Delaware Entity
Neutral
May 26, 2026
On May 26, 2026, NL Industries, Inc. completed a reincorporation merger in which the New Jersey entity was merged into its wholly owned Delaware subsidiary, which now operates as NLI Holdings, Inc. The transaction, approved by shareholders on May ...
Business Operations and StrategyDividendsShareholder Meetings
NL Industries Shareholders Approve Reincorporation and Dividend Plans
Positive
May 14, 2026
On May 14, 2026, NL Industries held its 2026 annual shareholder meeting, where investors elected eight directors, strongly endorsed executive pay in an advisory vote and approved a reincorporation from New Jersey to Delaware via a merger with its ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.