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NPK International
(NYSE:NPKI)
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Rating:72Outperform
Price Target:
$12.00
▼(-11.44% Downside)
Action:Reiterated
Date:09/14/26
NPKI scores well primarily due to improving financial performance (strong profitability recovery and very low leverage) and a notably positive earnings update with raised 2026 guidance. These strengths are tempered by weaker technical momentum (trading below key moving averages with negative MACD) and a relatively high P/E with no dividend yield provided.
Positive Factors
Revenue and EBITDA Growth
Strong growth across rentals and product sales indicates broad customer demand rather than reliance on one activity. Higher EBITDA and margins show operating leverage, giving NPKI more internal capacity to fund fleet expansion and strengthen its competitive position over coming quarters.
Negative Factors
Fleet Utilization Risk
Lower utilization directly limits rental revenue and can dilute margins because fleet costs remain in place while equipment is idle. Although project timing may normalize, exposure to large project completions makes near-term earnings dependent on redeployment and the pace of new work starts.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and EBITDA Growth
Strong growth across rentals and product sales indicates broad customer demand rather than reliance on one activity. Higher EBITDA and margins show operating leverage, giving NPKI more internal capacity to fund fleet expansion and strengthen its competitive position over coming quarters.
Read all positive factors
NPK International (NPKI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$934.86M
Dividend YieldN/A
Average Volume (3M)738.82K
Price to Earnings (P/E)24.1
Beta (1Y)1.12
Revenue Growth28.09%
EPS Growth-19.23%
CountryUS
Employees510
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.46
Shares Outstanding84,909,900
10 Day Avg. Volume579,261
30 Day Avg. Volume738,815
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)2.88
Price to Sales (P/S)3.65
P/FCF Ratio38.42
Enterprise Value/Market Cap1.47
Enterprise Value/Revenue4.58
Enterprise Value/Gross Profit12.98
Enterprise Value/Ebitda16.74
Forecast
1Y Price Target
$22.00Price Target Upside62.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.55
Revenue Forecast (FY)$317.21M
NPK International Business Overview & Revenue Model
Company Description
NPK International Inc. specializes in supplying products, rental equipment, and diverse services, primarily catering to the exploration and production (E&P) sector of the oil and natural gas industry. The company operates through two distinct divi...
How the Company Makes Money
NPKI primarily makes money by renting its site access products to customers for use on projects, generating recurring rental revenue based on the duration of use and the quantity/type of equipment deployed. In addition to rental fees, the company ...
NPK International Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: double-digit revenue growth, record rental/service revenue, significant adjusted EBITDA and margin expansion, raised profitability guidance, healthy cash generation and a strengthened balance sheet. Company investments in manufacturing capacity (~50% expected increase) and fleet expansion, plus successful integration of the Grassform acquisition and a 20% increase in quoted volumes, support continued growth. Key challenges include temporary lower fleet utilization from accelerated project completions (impacting margins), a ~3-point cross-rental headwind, a modest SG&A increase including a $0.9M one-time charge, and typical seasonal/project timing variability that can affect quarter-to-quarter visibility. Overall, positive fundamentals and guidance outweigh the operational timing and cost headwinds.Positive Updates
Strong Revenue Growth
Total Q2 revenue of $82 million, up 20% year-over-year, driven by strength in both product sales and rentals.
Negative Updates
Lower Fleet Utilization from Project Completions
Accelerated completion timing of multiple large-scale projects (representing over 25% of the domestic mat fleet) reduced fleet utilization and partially offset rental margin benefits in the quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Total Q2 revenue of $82 million, up 20% year-over-year, driven by strength in both product sales and rentals.
Read all positive updates
Company Guidance
Management raised full‑year 2026 guidance, narrowing revenues to $313–$323 million and increasing adjusted EBITDA to $97–$103 million (midpoints imply ~15% revenue growth and ~32% adjusted EBITDA growth vs. 2025). They expect total net CapEx of $65–$80 million for 2026, including $20–$25 million for the manufacturing expansion this year and $35–$45 million for rental fleet expansion (targeting low‑ to mid‑teens % DURA‑BASE fleet growth and ~50% manufacturing capacity increase with a mid‑2027 start‑up). Q3 rental & service revenues are expected roughly in line with Q2 and >20% YoY, product sales to revert toward Q1 levels, and Q3 gross margin roughly in line with H1 (Q2 gross margin was 37%). SG&A is expected at about $13 million per quarter, the tax rate roughly in line with H1 (~25%), net debt was ~$2 million at quarter end, $148 million of bank facility availability remains, and ~$40 million of NOLs should materially limit near‑term cash taxes.NPK International Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 300.69M | 277.04M | 217.49M | 207.65M | 192.99M | 614.78M |
| Gross Profit | 106.08M | 98.75M | 77.13M | 72.55M | 59.99M | 85.23M |
| EBITDA | 82.24M | 73.20M | 59.01M | 55.20M | 43.87M | 32.80M |
| Net Income | 38.80M | 35.95M | -150.26M | 14.52M | -20.83M | -25.53M |
Balance Sheet | ||||||
| Total Assets | 449.73M | 441.76M | 393.68M | 642.34M | 714.88M | 752.89M |
| Cash, Cash Equivalents and Short-Term Investments | 8.35M | 5.14M | 17.76M | 789.00K | 23.18M | 24.09M |
| Total Debt | 19.20M | 36.62M | 18.62M | 72.74M | 133.93M | 137.16M |
| Total Liabilities | 78.35M | 90.60M | 67.19M | 226.97M | 291.85M | 290.50M |
| Stockholders Equity | 371.38M | 351.16M | 326.50M | 415.36M | 423.03M | 462.39M |
Cash Flow | ||||||
| Free Cash Flow | 28.36M | 26.32M | -5.36M | 70.77M | -53.29M | -24.81M |
| Operating Cash Flow | 86.54M | 72.99M | 38.17M | 100.00M | -25.02M | -3.01M |
| Investing Cash Flow | -91.21M | -65.32M | 8.26M | -5.69M | 46.23M | -17.48M |
| Financing Cash Flow | -13.02M | -20.95M | -66.88M | -81.05M | -24.93M | 21.41M |
NPK International Technical Analysis
Negative
13.55
Price Trends
12.32
Negative
13.33
Negative
13.91
Negative
Market Momentum
-0.41
Negative
39.11
Neutral
45.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NPKI, the sentiment is Negative. The current price of 13.55 is above the 20-day moving average (MA) of 11.25, above the 50-day MA of 12.32, and below the 200-day MA of 13.91, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 39.11 is Neutral, neither overbought nor oversold. The STOCH value of 45.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NPKI.
NPK International Risk Analysis
NPK International disclosed 29 risk factors in its most recent earnings report. NPK International reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NPK International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $934.86M | 24.09 | 10.96% | ― | 28.09% | -19.23% | |
70 Outperform | $5.05B | 29.51 | 17.38% | ― | 6.97% | -2.53% | |
66 Neutral | $14.89B | 17.36 | -406.43% | 1.68% | -0.56% | 15.03% | |
66 Neutral | $15.11B | 103.05 | 2.27% | 2.70% | 42.93% | -67.45% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $785.88M | 143.35 | 1.31% | ― | 10.50% | ― | |
47 Neutral | $5.14B | 34.98 | 6.31% | 2.45% | -2.31% | -61.33% |
* Industrials Sector Average
NPKI
NPK International
11.01
-1.91
-14.78%
FBIN
Fortune Brands Innovations
43.03
-7.32
-14.55%
MAS
Masco
75.51
8.44
12.58%
TREX
Trex Company
49.57
-0.16
-0.32%
SWIM
Latham Group
6.68
-0.93
-12.22%
JHX
James Hardie Industries PLC
26.02
4.04
18.38%
NPK International Corporate Events
Business Operations and StrategyExecutive/Board Changes
NPK International Appoints JJ Barton to Lead Growth
Positive
Sep 14, 2026
On September 14, 2026, NPK International announced that its board appointed James “JJ” Barton as Executive Vice President, Commercial Growth Operations, effective September 22, 2026, succeeding Lori Briggs, who stepped down as Executi...
Business Operations and StrategyExecutive/Board Changes
NPK International Announces CFO Retirement and Leadership Changes
Neutral
Sep 2, 2026
On September 2, 2026, NPK International Inc. announced that Senior Vice President and Chief Financial Officer Gregg Piontek, a nearly 20-year veteran of the company and CFO since 2011, plans to retire from his role on or before August 31, 2027, on...
Business Operations and StrategyFinancial Disclosures
NPK International Highlights Strong Growth and Capacity Expansion
Positive
Jul 30, 2026
In its July 2026 investor presentation, NPK International reported trailing twelve-month revenue of $301 million from continuing operations and adjusted EBITDA of $85 million, reflecting year-over-year growth of 28% in revenue and 35% in adjusted ...
Business Operations and StrategyExecutive/Board Changes
NPK International appoints independent director to expanded board
Positive
Jul 28, 2026
On July 28, 2026, NPK International Inc. expanded its board of directors from seven to eight members and appointed Kristen J. Pederson as the new director, effective the same day. The board determined her to be independent, and she will receive pr...
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.