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NPK International Inc. (NPKI) stock

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NYSE: NPKI NYSE Trading Companies & Distributors Next results ~January 28, 2027

C+ Fundamentals grade

NPK International Inc. is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$15

Cash-flow model

Base case. Range ~$11–$20 across our lower- and higher-growth cases (13.7%–23.7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 65% above it.

Price used: $9.16, November 2, 2026

NPK International Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 16 sales by directors and officers, last 12 monthsInsider trades
  • Funds133 adding, 109 cuttingOf 56 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter NPK International files

10-Q filed October 30: NPK International

Model value −25.3%

NPK International grew revenue to $308m over the twelve months to September 2026, an 18.8% rise on a year earlier, though growth has cooled from the 28.1% pace recorded a quarter earlier. Profitability improved more clearly: free-cash-flow margin climbed to 3.4%, up from 1.1% a year before. Even so, the fundamentals grade has slipped from B to C+. Our model value has fallen sharply, from $20.22 to $15.10 a share, well above the current share price of $9.35, and the rating remains Buy. At that price, the market appears to be pricing in cash-flow growth of about 9.0% a year over five years, a rate far faster than the -12.9% annual revenue growth the company has actually delivered.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where NPK International stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $301m, up 28.1% on a year earlier, faster than the 23.2% growth a quarter earlier. That growth ranks 5 of 25 among the trading companies & distributors companies we cover. Free-cash-flow margin rose to 9.2% from -6.8% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $20.22 a share, against a share price of $11.36.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

NPK International Inc.'s trailing-twelve-month revenue grew 18.8% year on year, with a free-cash-flow margin of 3.4%. Where it stands out: long-term debt as % of assets of 4.6% ranks 3 of 29 trading companies & distributors companies we cover. Where it lags: change in growth rate of -9.3pp ranks 29 of 32 trading companies & distributors companies we cover.

Our discounted-cash-flow model values the business at ~$15 per share in the base case (~$11–$20 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 264.6% while net income grew 30.6%: a 234pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $9.16 is 65% below our value per share of $15.
  • Fast growth. Revenue grew 18.8% over the last 12 months, against a median of 8.5% for trading companies & distributors companies we cover.

Things to watch

  • Growth slowing. The growth rate is 9.3 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was 24% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.4% ranks 26 of 29 trading companies & distributors companies we cover (median 0.5%).
  • Below peers: days sales outstanding. Days sales outstanding of 73 days ranks 24 of 27 trading companies & distributors companies we cover (median 57 days).

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.09 against an average estimate of $0.12: missed by 27.0%
Revenue
$76m, up 10.8% on a year earlier
Share reaction
-17.3% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.16

NPK International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.0%
  • 1 week-16.8%
  • 1 month-22.3%
  • This year-23.2%
  • 1 year-25.5%
  • 5 years+163.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$308M
Operating margin
17.0%
Net margin
14.0%
EPS (TTM, diluted)
$0.50

Growth

Revenue growth
+18.8%
Change in growth rate
−9.3 pts
Share count change
−0.7%

Cash

Free cash flow (TTM)
$10.4M
FCF margin
3.4%
Stock pay % of revenue
2.4%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Leadership
  4. Leadership
  5. Announcement
  6. Results
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

NPK International Inc. valuation models and calculator

What the price is pricing in

The share price implies about 9.1% a year of cash-flow growth for five years.That is faster than the -12.9% a year revenue growth NPK International has delivered.

  • Priced in9.1%
  • Last 12 months18.8%
  • 3 years a year18.7%
  • 5 years a year-12.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($9.37, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$15
Price used
$9.37close November 3, 2026
Implied change
▲ +61%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of NPK International Inc.'s free cash flow after stock-based pay with after-tax interest added back ($33.1M, FY2026 Q3 TTM), growing 14.7% and 16.8% in the next two years (forecasts, guidance and its record), then back to 18.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$11–~$20 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of NPK International Inc.'s free cash flow after stock-based pay ( $33.1M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value NPK International Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.01 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$15 ~$11–$20 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$10–$14 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$14 ~$12–$15 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare NPK International Inc. with Trading Companies & Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −31%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$7$10$13$18$24
8.5% $4$5$7$10$13$17
10% $3$4$6$8$10$13

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$5.28$7.50$8.60$6.87$6.27$1.92$2.94$4.15$6.64$7.67$11.92$9.16
Market value$437m$628m$757m$638m$563m$173m$269m$390m$586m$670m$1.0bn$784m
+ Net debt (− = net cash)$79m$152m$127m$123m$123m$130m$110m$136m$61m−$10m$12m$22m
Enterprise value$516m$779m$883m$762m$686m$304m$379m$527m$648m$660m$1.0bn$806m
Multiples
Price / sales 0.6x1.3x1.0x0.7x0.7x0.4x0.4x2.0x2.8x3.1x3.7x2.5x
Price / earnings ———19.8x————40.4x—26.2x18.2x
Price / free cash flow 8.4x—107.9x35.0x20.5x4.3x——8.3x—38.8x75.6x
EV / EBITDA ——12.4x7.0x11.9x—11.3x11.7x11.9x11.0x14.3x9.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard NPK International's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Cash operating profit has been a median 5.7% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 17.6%, moving by 109.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 3.5%; its worst year was -13.5%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 1.3% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.0% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (32 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.55 +31% $320m +15%
Next $0.63 +14% $353m +11%

Next year's EPS estimate has moved +1.1% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.8% on 90 days ago. In the last 30 days, 3 analysts raised NPK International Inc.'s forecast and 0 cut it.

Consensus EPS forecast NPK International Inc., last 90 days
$0.50 $0.55 $0.60 $0.65 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.53 Current fiscal year, 60 days ago: $0.53 Current fiscal year, 30 days ago: $0.55 Current fiscal year, 7 days ago: $0.55 Current fiscal year, Now: $0.55 $0.55 Next fiscal year, 90 days ago: $0.62 Next fiscal year, 60 days ago: $0.62 Next fiscal year, 30 days ago: $0.63 Next fiscal year, 7 days ago: $0.63 Next fiscal year, Now: $0.63 $0.63

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.53$0.62
60 days ago $0.53$0.62
30 days ago $0.55$0.63
7 days ago $0.55$0.63
Now $0.55$0.63

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.12 $0.09 −27.0%
Jun 2026 $0.13 $0.15 +15.4%
Mar 2026 $0.11 $0.12 +11.6%
Dec 2025 $0.10 $0.13 +23.8%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows NPK International Inc.'s revenue by +14.7% next year and +16.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+12.0%, weight 60%) and the company's own record (+18.7%, weight 40%) . How the weights are set.

Analyst recommendations

3 analysts, Oct 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202633
  2. Sep 202633

Counts of recommendations published by analysts covering NPK International Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.9%
of tradable shares
Days to cover
3.03
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
4.6%
of shares
Employees
510
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −25.5%

$12.30 on October 31, 2025 to $9.16

ThenNowEffect
Revenue (last 12 months) $235m $301m +28.1%
P/S multiple 4.5x 2.6x −42.7%
Share count 87m 86m +1.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +27.6%

$7.18 on November 3, 2023 to $9.16

ThenNowEffect
Revenue (last 12 months) $206m $301m +46.2%
P/S multiple 3.2x 2.6x −18.7%
Share count 92m 86m +7.4%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NPKI+53%+41%+60%+16%+55%−23%
Industry peers (median)+34%−13%+28%−7%+2%+14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NPKI58%58%67%25%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NPKI−50%−49%−29%−24%−36%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 94% from June 27, 2018 to April 1, 2020. Getting back needed a 1587% gain, reached on September 26, 2025, 2004 days after the low.

Price behaviour

52-week range
$9.16 – $16.35
From 52-week high
−44.0%
vs 50-day average
−23.5%
vs 200-day average
−33.8%
Volatility (1 year)
42%
Beta vs S&P 500
1.40

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±7.7%
After a week
5 up, 6 down
typical move ±9.3%
After a month
7 up, 4 down
typical move ±12.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −17.3% −2.1% — —
July 29, 2026 −3.7% +0.1% +4.9% +4.7%
April 30, 2026 −0.5% +1.3% −1.4% −8.6%
February 25, 2026 +2.9% +0.3% −2.8% −0.3%
October 30, 2025 −10.0% −0.8% −7.0% −8.2%
August 5, 2025 +3.7% +0.3% +13.7% +22.5%
May 1, 2025 +31.3% +2.2% +39.4% +39.4%
February 26, 2025 −5.5% −1.5% −12.9% −5.0%
November 7, 2024 −4.3% +1.2% −6.4% +3.4%
August 5, 2024 +9.6% −2.0% +1.9% +7.4%
May 2, 2024 +2.5% +2.2% +10.4% +20.5%
February 21, 2024 −1.3% +2.2% −1.1% +19.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How NPK International Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

NPK International Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) NPK International Inc.
-$400M -$200M $0 $200M $400M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $207.6M Revenue (TTM), FY24 Q1: $56.6M Revenue (TTM), FY24 Q2: -$59.9M Revenue (TTM), FY24 Q3: -$214.2M Revenue (TTM), FY24 Q4: $217.5M Revenue (TTM), FY25 Q1: $233.3M Revenue (TTM), FY25 Q2: $234.7M Revenue (TTM), FY25 Q3: $259.4M Revenue (TTM), FY25 Q4: $277M Revenue (TTM), FY26 Q1: $287.3M Revenue (TTM), FY26 Q2: $300.7M Revenue (TTM), FY26 Q3: $308.1M $308.1M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $207.6M
FY24 Q1 $56.6M
FY24 Q2 -$59.9M
FY24 Q3 -$214.2M
FY24 Q4 $217.5M
FY25 Q1 $233.3M
FY25 Q2 $234.7M
FY25 Q3 $259.4M
FY25 Q4 $277M
FY26 Q1 $287.3M
FY26 Q2 $300.7M
FY26 Q3 $308.1M
Revenue growth, TTM YoY NPK International Inc.
-100% 0% 100% 200% 300% 400% FY22 Q4 FY23 Q3 FY24 Q4 FY26 Q3 Revenue growth, TTM YoY, FY22 Q4: -68.6% Revenue growth, TTM YoY, FY23 Q1: -66.7% Revenue growth, TTM YoY, FY23 Q2: -70.7% Revenue growth, TTM YoY, FY23 Q3: -76.1% Revenue growth, TTM YoY, FY23 Q4: 7.6% Revenue growth, TTM YoY, FY24 Q1: -73.9% Revenue growth, TTM YoY, FY24 Q4: 4.7% Revenue growth, TTM YoY, FY25 Q1: 312.3% Revenue growth, TTM YoY, FY25 Q4: 27.4% Revenue growth, TTM YoY, FY26 Q1: 23.2% Revenue growth, TTM YoY, FY26 Q2: 28.1% Revenue growth, TTM YoY, FY26 Q3: 18.8% 18.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 -68.6%
FY23 Q1 -66.7%
FY23 Q2 -70.7%
FY23 Q3 -76.1%
FY23 Q4 7.6%
FY24 Q1 -73.9%
FY24 Q4 4.7%
FY25 Q1 312.3%
FY25 Q4 27.4%
FY26 Q1 23.2%
FY26 Q2 28.1%
FY26 Q3 18.8%
Operating margin (TTM) NPK International Inc.
-100% -50% 0% 50% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 13.7% Operating margin (TTM), FY24 Q1: 44.5% Operating margin (TTM), FY24 Q2: -53.1% Operating margin (TTM), FY24 Q3: -12.5% Operating margin (TTM), FY24 Q4: 14.9% Operating margin (TTM), FY25 Q1: 16.7% Operating margin (TTM), FY25 Q2: 16.2% Operating margin (TTM), FY25 Q3: 17.7% Operating margin (TTM), FY25 Q4: 16.9% Operating margin (TTM), FY26 Q1: 16.6% Operating margin (TTM), FY26 Q2: 17.3% Operating margin (TTM), FY26 Q3: 17.0% 17.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 13.7%
FY24 Q1 44.5%
FY24 Q2 -53.1%
FY24 Q3 -12.5%
FY24 Q4 14.9%
FY25 Q1 16.7%
FY25 Q2 16.2%
FY25 Q3 17.7%
FY25 Q4 16.9%
FY26 Q1 16.6%
FY26 Q2 17.3%
FY26 Q3 17.0%
FCF margin (TTM) NPK International Inc.
-150% -100% -50% 0% 50% 100% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 34.1% FCF margin (TTM), FY24 Q1: 81.9% FCF margin (TTM), FY24 Q2: -114.1% FCF margin (TTM), FY24 Q3: -18.4% FCF margin (TTM), FY24 Q4: -2.5% FCF margin (TTM), FY25 Q1: -2.0% FCF margin (TTM), FY25 Q2: -6.8% FCF margin (TTM), FY25 Q3: 1.1% FCF margin (TTM), FY25 Q4: 9.5% FCF margin (TTM), FY26 Q1: 11.1% FCF margin (TTM), FY26 Q2: 9.2% FCF margin (TTM), FY26 Q3: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 34.1%
FY24 Q1 81.9%
FY24 Q2 -114.1%
FY24 Q3 -18.4%
FY24 Q4 -2.5%
FY25 Q1 -2.0%
FY25 Q2 -6.8%
FY25 Q3 1.1%
FY25 Q4 9.5%
FY26 Q1 11.1%
FY26 Q2 9.2%
FY26 Q3 3.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar NPK International took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $277M
  2. Other income $3.9M · 1.4%
  3. Cost of revenue $176M · 63.6%
  4. Gross profit $101M · 36.4%
  5. Selling, general and admin $54M · 19.5%
  6. Operating income $46.8M · 16.9%
  7. Income tax $11.7M · 4.2%
  8. Net income $38.9M · 14.1%

Shares of revenue. Source: NPK International's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 490 716 909 984 1,042 1,118 677 471 748 947 820 493 615 193 208 217 277 308
Gross profit 43 139 196 173 184 241 78 34 140 180 135 19 85 60 73 77 101 110
EBITDA 13 105 150 125 139 173 −55 −19 71 109 58 −33 33 45 54 60 72 85
Operating income −15 78 121 92 94 131 −99 −57 31 64 10 −79 −9 7 23 32 47 52
Net income −21 42 80 60 65 102 −91 −41 −6 32 −13 −81 −26 −21 15 −150 39 43
Diluted EPS −$0.23 $0.46 $0.80 $0.62 $0.69 $1.07 −$1.10 −$0.49 −$0.07 $0.35 −$0.14 −$0.89 −$0.28 −$0.22 $0.16 −$1.72 $0.45 $0.50
Growth (year on year)
Revenue — +46.0% +27.0% +8.2% +5.9% +7.3% −39.5% −30.3% +58.6% +26.6% −13.4% −39.9% +24.8% −68.6% +7.6% +4.7% +27.4% +18.8%
EBITDA — +719.6% +42.7% −16.5% +10.8% +24.5% −132.0% — — +53.7% −47.4% −157.9% — +35.2% +20.3% +10.3% +20.8% +21.7%
Operating income — — +54.9% −23.6% +2.4% +38.3% −175.9% — — +102.2% −83.6% — — — +251.2% +41.0% +44.6% +13.9%
Net income — — +92.2% −25.0% +8.8% +56.6% −188.8% — — — −140.1% — — — — <−999% — +30.6%
Diluted EPS — — +73.9% −22.5% +11.3% +55.1% −202.8% — — — −140.0% — — — — <−999% — +31.4%
Margins
Gross margin 8.7% 19.4% 21.6% 17.6% 17.6% 21.6% 11.5% 7.1% 18.7% 19.0% 16.5% 3.9% 13.9% 31.1% 34.9% 35.5% 36.4% 35.6%
EBITDA margin 2.6% 14.7% 16.5% 12.7% 13.3% 15.4% −8.2% −4.1% 9.5% 11.6% 7.0% −6.8% 5.4% 23.4% 26.2% 27.5% 26.1% 27.6%
Operating margin −3.1% 10.9% 13.3% 9.4% 9.1% 11.7% −14.6% −12.1% 4.2% 6.7% 1.3% −16.0% −1.4% 3.4% 11.0% 14.9% 16.9% 17.0%
Net margin −4.2% 5.8% 8.8% 6.1% 6.3% 9.1% −13.4% −8.6% −0.8% 3.4% −1.6% −16.4% −4.2% −10.8% 7.0% −69.1% 14.1% 14.0%
Free-cash-flow margin 14.3% 2.7% −5.5% 6.7% 8.1% −1.6% 7.7% −5.8% 0.9% 1.9% 3.4% 8.1% −4.0% −27.6% 34.1% −2.5% 9.5% 3.4%
Cash flow
Cash from operations 89 31 −14 110 152 89 122 11 38 63 72 56 −3 −25 100 38 73 68
Capital spending 19 12 37 44 68 107 69 38 31 45 45 16 22 28 29 44 47 58
Free cash flow 70 19 −50 66 84 −18 52 −27 7 18 27 40 −25 −53 71 −5 26 10
Stock-based pay 3 4 5 7 10 12 14 12 11 10 12 7 8 7 7 5 6 8
Free cash flow after stock pay 67 15 −55 59 74 −30 38 −39 −4 8 16 33 −33 −60 64 −11 21 3
Balance sheet
Cash 12 83 25 47 66 85 107 88 56 56 49 24 24 0 1 18 5 4
Total debt 0 176 194 262 186 184 186 240 183 179 172 155 134 137 62 8 17 26
Net debt (negative = net cash) −12 93 169 215 120 99 79 152 127 123 123 130 110 136 61 −10 12 22
Diluted shares 89m 94m 107m 104m 103m 100m 83m 84m 88m 93m 90m 90m 91m 94m 88m 87m 86m 86m
Returned to shareholders
Buybacks 0 0 1 51 9 53 2 1 3 4 22 0 1 20 34 5 23 19
Total returned 0 0 1 51 9 53 2 1 3 4 22 0 1 20 34 5 23 19

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · September 30, 2026
What it owns · $466m
Short-term assets $93mLonger-term assets $372m
What it owes, and who funded it · $466m
Short-term liabilities $56mLonger-term liabilities $44mShareholders' equity $366m
  • Short-term assets cover short-term liabilities $93m of assets due within a year against $56m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $93m short-term assets against $44m of longer-dated liabilities.
  • More cash than debt $4m of cash against $26m of debt.
  • Debt below 40% of shareholders' equity Debt is 7% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 21% to 7% over five years.
  • A year's operating cash flow covers at least 20% of debt $68m of operating cash flow against $26m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From NPK International Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$19.3M
Returned to shareholders
186%
of free cash flow
Buybacks, last 3 fiscal years
$61.5M
Diluted share count
−0.7%
year over year
Total shareholder yield
2.5%
dividends 0.0% + buybacks 2.5% of market value
Sales & admin spending
18.6%
of revenue
Days sales outstanding
73 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in trading companies & distributors
Last 12 months unless stated NPKI ASLE HDSN GPUS WLFC VSEC Median
Revenue, last 12 months $308m $304m $257m $130m $765m $1.4bn $2.2bn
Revenue growth, last 12 months 18.8% −13.4% 14.3% 28.4% 17.3% 41.6% 8.4%
Revenue growth, 3-year average 18.7% 1.1% −5.5% −4.9% 28.2% 22.8% 5.1%
Revenue growth, latest quarter 10.8% −33.9% 7.5% 34.8% −0.8% 65.0% 9.0%
Gross margin 35.6% 28.9% 23.3% 26.1% 84.7% — 28.3%
Operating margin 17.0% 0.6% 4.5% −69.3% 15.7% 9.2% 5.5%
Operating margin, 3-year average 7.4% 1.4% 11.2% −64.2% 19.1% 8.1% 6.4%
Net margin 14.0% −1.2% 3.5% −71.0% 12.0% 5.5% 3.5%
Cash from operations / revenue 22.1% −10.2% −11.6% −50.2% 35.6% 2.0% 4.9%
Free-cash-flow margin 3.4% −11.6% −13.4% −79.8% 32.9% −0.1% 2.4%
Free-cash-flow margin, 3-year average −4.6% −11.7% 14.7% −42.3% 42.2% −4.7% 3.1%
Stock pay / revenue 2.4% 1.4% 0.5% 0.8% 6.2% 1.1% 0.5%
Change in share count −0.7% −7.9% −5.4% 47.3% 4.5% 28.0% −0.5%

Median of all 32 companies we cover in trading companies & distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 trading companies & distributors companies
Measure Company Peer median Rank
Revenue growth Growth 18.8% 8.5% 9 of 32
Change in growth rate Growth -9.3pp +0.8pp 29 of 32
Gross margin Profitability 35.6% 28.9% 7 of 26
Operating margin Profitability 17.0% 5.5% 3 of 28
Net margin Profitability 14.0% 3.5% 6 of 32
Free-cash-flow margin Cash generation 3.4% 2.8% 15 of 32
Stock pay as % of revenue Cash generation 2.4% 0.5% 26 of 29
Long-term debt as % of assets Balance sheet 4.6% 21.4% 3 of 29
Change in share count Balance sheet -0.7% -0.8% 15 of 27
Days sales outstanding Balance sheet 73 days 57 days 24 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Rental and Service $184M 66.3% ▲ 26.0%
Products $93.3M 33.7% ▲ 30.2%
Geography
Region Revenue Share YoY
United States $259M 93.4% ▲ 27.2%
United Kingdom $18.4M 6.6% ▲ 30.1%

From NPK International Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
253
Shares held vs prior quarter
▲ 4.3%
Positions opened / closed
35 / 25

Top buyers and sellers, Q2 2026: 133 institutions bought and 109 sold ; the biggest buyer was Emerald Advisers, LLC (+1.6M shares) and the biggest seller Ameriprise Financial Inc (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $126M 7.9M 10.0% ▲ 10.2%
Ameriprise Financial Inc $71.4M 4.5M 5.7% ▼ 20.2%
Dimensional Fund Advisors LP $57.9M 3.6M 4.6% ▼ 8.6%
Vanguard Capital Management LLC $57.4M 3.6M 4.6% ▲ 5.3%
American Century Companies Inc $49.8M 3.1M 4.0% ▲ 2.8%
Wasatch Advisors LP $44.7M 2.8M 3.6% ▼ 3.0%
Geode Capital Management, LLC $37.7M 2.4M 3.0% ▲ 5.6%
Royce & Associates LP $34.2M 2.1M 2.7% ▲ 3.8%
State Street Corp $32.1M 2.0M 2.5% ▲ 3.0%
Punch & Associates Investment Management, Inc. $27.7M 1.7M 2.2% ▼ 4.4%
Emerald Advisers, LLC $25M 1.6M 2.0% New
Thrivent Financial For Lutherans $24.1M 1.5M 1.9% ▼ 9.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not NPK International Inc.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.6M 16 trades by 7 insiders · 100% under pre-set plans
Net ▼ $5.6M net selling
Insider Date Trade Shares Price Value
Warren Matthew James Chief Accounting Officer September 9, 2026 Sell pre-set plan 2,991 $13.41 $40,109
Robeson Rose M Director August 27, 2026 Sell pre-set plan 10,000 $13.49 $134,900
Lewis Michael A Director August 17, 2026 Sell pre-set plan 2,013 $14.26 $28,705
Briggs Lori VP & President, Ind. Solutions June 8, 2026 Sell pre-set plan 8,325 $14.75 $122,794
Lanigan Matthew President & CEO June 3, 2026 Sell pre-set plan 167,375 $14.43 $2.4M
Briggs Lori VP & President, Ind. Solutions June 2, 2026 Sell pre-set plan 10,446 $14.58 $152,303
Lewis Michael A Director May 15, 2026 Sell pre-set plan 2,013 $15.30 $30,799
Piontek Gregg Senior Vice President and CFO April 9, 2026 Sell pre-set plan 15,000 $15.05 $225,750
Piontek Gregg Senior Vice President and CFO April 1, 2026 Sell pre-set plan 35,000 $14.51 $507,850
Piontek Gregg Senior Vice President and CFO March 25, 2026 Sell pre-set plan 15,000 $15.03 $225,450
Fruge Mary Celeste VP, General Counsel March 16, 2026 Sell pre-set plan 1,000 $13.56 $13,560
Fruge Mary Celeste VP, General Counsel March 6, 2026 Sell pre-set plan 11,193 $13.34 $149,315

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 29, 2026
  • April 30, 2026
  • February 25, 2026
  • October 30, 2025
  • August 5, 2025

Recent SEC filings

Data status

When each part of this page on NPK International Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

NPK International Inc. in brief

What does NPK International Inc. do?
NPK International Inc. is a US-listed company in the trading companies & distributors industry. Its financial year ends in December.
What is NPK International Inc.'s stock ticker?
NPK International Inc. trades under the ticker NPKI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is NPK International Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, NPK International Inc. reported revenue of $308M, 18.8% higher than a year earlier, according to its SEC filings.
What is NPK International Inc.'s free cash flow?
NPK International Inc.'s free-cash-flow margin is 3.4% of revenue over the trailing twelve months, ranking 15 of the 32 trading companies & distributors companies we cover.
What is NPK International Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of NPK International Inc.'s free cash flow after stock-based pay gives ~$15 per share in the base case, and ~$11–$20 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are NPK International Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Ameriprise Financial Inc and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is NPK International Inc. buying back stock, and does it pay a dividend?
NPK International Inc. spent $19.3M on share repurchases over the trailing twelve months, and its diluted share count fell 0.7% over the year.
What is NPK International Inc.'s market cap?
On November 2, 2026, NPK International Inc.'s market capitalisation was about $784M, with a price-to-earnings ratio of 18.2 and net debt of $22.1M. Market figures come from third-party market data and may be delayed.
How much debt does NPK International Inc. have?
NPK International Inc.'s debt-to-equity ratio is 7.2%, from its latest balance sheet (20.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are NPK International Inc.'s competitors?
In our Trading Companies & Distributors peer group, the companies closest to NPK International Inc. are Aersale Corp, Hudson Technologies Inc, Hyperscale Data, Inc., Willis Lease Finance Corp and VSE Corp. The side-by-side comparison below sets their revenue, margins and growth against NPK International Inc.'s.
Are insiders buying or selling NPK International Inc. stock?
Over the last 12 months, NPK International Inc.'s directors and officers reported 0 open-market purchases and 16 sales on Form 4. The insider trading page charts every trade.
When is NPK International Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — NPK International Inc. announces its own schedule.