NPK International (NPKI) Financials

$15.27 -0.44 (-2.78%)

Closing price 03:59 PM Eastern

Extended Trading

$15.05 -0.22 (-1.46%)

As of 05:56 PM Eastern

Annual Income Statements for NPK International

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-91	-41	-6.15	32	-13	-81	-26	-21	15	-150	39
Consolidated Net Income / (Loss)	-91	-41	-6.15	32	-13	-81	-26	-21	15	-150	39
Net Income / (Loss) Continuing Operations	-91	-41	11	32	-13	-81	-26	0.82	14	36	36
Total Pre-Tax Income	-112	-65	16	47	-3.16	-93	-18	1.75	20	29	48
Total Operating Income	-99	-57	31	64	10	-79	-8.83	6.53	23	32	47
Total Gross Profit	78	34	140	180	135	19	85	60	73	77	101
Total Revenue	677	471	748	947	820	493	615	193	208	217	277
Operating Revenue	677	471	748	947	820	493	615	193	208	217	277
Total Cost of Revenue	599	438	608	767	685	473	530	133	135	140	176
Operating Cost of Revenue	599	438	608	767	685	473	530	133	135	140	176
Total Operating Expenses	177	91	108	116	125	98	94	53	50	45	54
Selling, General & Admin Expense	101	88	109	115	113	87	94	49	51	46	54
Other Operating Expenses / (Income)	-2.43	-4.35	-0.41	0.89	0.17	-3.33	-0.39	-3.23	-1.47	-1.27	-0.05
Total Other Income / (Expense), net	-13	-7.54	-15	-16	-14	-14	-9.41	-4.79	-3.22	-3.49	0.87
Interest & Investment Income	-	-	-	-	-	-	-	-3.51	-4.11	-2.62	-0.01
Other Income / (Expense), net	-4.02	0.71	-2.05	-1.42	0.82	-3.38	0.40	-1.28	0.89	-0.87	0.88
Income Tax Expense	-21	-24	4.89	15	9.79	-12	7.29	0.92	5.57	-6.74	12
Net Income / (Loss) Discontinued Operations	0.00	0.00	-17	-	-	-	-	-22	0.37	-186	2.99
Basic Earnings per Share	($1.10)	($0.49)	($0.07)	$0.36	($0.14)	($0.89)	($0.28)	($0.22)	$0.17	($1.75)	$0.46
Weighted Average Basic Shares Outstanding	82.72M	83.70M	85.42M	90.27M	89.90M	90.95M	92.35M	89.70M	85.20M	86.55M	84.53M
Diluted Earnings per Share	($1.10)	($0.49)	($0.07)	$0.35	($0.14)	($0.89)	($0.28)	($0.22)	$0.16	($1.72)	$0.45
Weighted Average Diluted Shares Outstanding	82.72M	83.70M	85.42M	90.27M	89.90M	90.95M	92.35M	89.70M	85.20M	86.55M	84.53M
Weighted Average Basic & Diluted Shares Outstanding	82.72M	83.70M	85.42M	90.27M	89.90M	90.95M	92.35M	89.70M	85.20M	86.55M	84.53M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	7.67	-0.48	7.29	8.04	-174	8.70	10	8.68	5.65	15	10
Consolidated Net Income / (Loss)	7.67	-0.48	7.29	8.04	-174	8.70	10	8.68	5.65	15	10
Net Income / (Loss) Continuing Operations	2.68	4.15	4.05	8.63	15	5.40	10	8.78	6.06	11	10
Total Pre-Tax Income	4.74	3.41	5.96	11	0.85	6.49	14	12	9.07	12	14
Total Operating Income	6.27	0.65	6.97	13	1.23	5.96	14	12	9.06	13	14
Total Gross Profit	20	-15	18	25	12	-8.46	25	25	22	28	27
Total Revenue	57	-233	49	67	44	-175	65	68	69	75	75
Operating Revenue	57	-233	49	67	44	-175	65	68	69	75	75
Total Cost of Revenue	38	-217	31	42	32	-166	40	43	47	47	48
Operating Cost of Revenue	38	-217	31	42	32	-166	40	43	47	47	48
Total Operating Expenses	13	-16	11	12	11	-14	12	14	13	16	13
Selling, General & Admin Expense	14	-14	12	13	11	-16	12	14	13	15	13
Other Operating Expenses / (Income)	-0.52	0.50	-0.90	-0.43	-0.10	1.27	-0.02	-0.11	-0.37	0.44	-0.43
Total Other Income / (Expense), net	-1.53	2.77	-1.01	-1.40	-0.38	0.53	0.36	0.63	0.02	-0.13	-0.47
Interest & Investment Income	-1.02	-	-0.76	-0.91	-0.94	-	0.05	-0.00	0.05	-0.11	-0.32
Other Income / (Expense), net	-0.51	1.62	-0.25	-0.49	0.56	-1.33	0.31	0.63	-0.03	-0.03	-0.15
Income Tax Expense	2.06	-0.74	1.91	2.48	-14	1.10	3.52	3.47	3.01	1.71	3.60
Net Income / (Loss) Discontinued Operations	4.99	-	3.24	-0.59	-189	-	-0.37	-0.11	-0.41	3.88	0.10
Basic Earnings per Share	$0.09	-	$0.09	$0.09	($2.02)	$0.09	$0.12	$0.10	$0.07	$0.17	$0.12
Weighted Average Basic Shares Outstanding	85.09M	85.20M	85.20M	86.47M	86.50M	86.55M	84.52M	84.43M	84.49M	84.53M	84.45M
Diluted Earnings per Share	$0.09	($0.01)	$0.08	$0.09	($1.99)	$0.10	$0.11	$0.10	$0.07	$0.17	$0.12
Weighted Average Diluted Shares Outstanding	85.09M	85.20M	85.20M	86.47M	86.50M	86.55M	84.52M	84.43M	84.49M	84.53M	84.45M
Weighted Average Basic & Diluted Shares Outstanding	85.09M	85.20M	85.20M	86.47M	86.50M	86.55M	84.52M	84.43M	84.49M	84.53M	84.45M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	40	-29	-30	-1.19	-7.40	-27	-0.86	-4.43	14	-21	-13
Net Cash From Operating Activities	122	11	38	63	72	56	-3.01	-25	100	38	73
Net Cash From Continuing Operating Activities	122	11	38	63	72	56	-3.01	-25	100	38	73
Net Income / (Loss) Continuing Operations	-91	-41	-6.15	32	-13	-81	-26	-21	15	-150	39
Consolidated Net Income / (Loss)	-91	-41	-6.15	32	-13	-81	-26	-21	15	-150	39
Depreciation Expense	44	38	40	46	47	45	42	39	31	28	26
Amortization Expense	1.84	1.62	5.35	5.51	6.19	5.15	3.71	0.87	0.54	0.98	0.47
Non-Cash Adjustments To Reconcile Net Income	90	23	29	11	14	26	1.56	39	11	197	1.52
Changes in Operating Assets and Liabilities, net	77	-10	-29	-31	18	60	-25	-82	43	-37	6.52
Net Cash From Investing Activities	-67	-38	-68	-56	-50	-3.40	-17	46	-5.69	8.26	-65
Net Cash From Continuing Investing Activities	-67	-38	-68	-56	-50	-3.40	-17	46	-5.69	8.26	-65
Purchase of Property, Plant & Equipment	-69	-38	-31	-45	-45	-16	-22	-28	-29	-44	-47
Acquisitions	0.00	-4.42	-45	-14	-19	0.00	-13	-	0.00	0.00	-42
Sale of Property, Plant & Equipment	2.52	4.54	7.75	2.61	14	12	16	3.22	3.71	5.00	4.01
Divestitures	-	0.00	0.00	-	-	0.00	0.00	71	20	48	17
Other Investing Activities, net	-	0.00	0.00	1.00	0.00	0.00	1.75	0.00	0.00	-1.70	3.09
Net Cash From Financing Activities	-6.73	-0.65	-2.29	-4.51	-30	-78	21	-25	-81	-67	-21
Net Cash From Continuing Financing Activities	-6.73	-0.65	-2.29	-4.51	-30	-78	21	-25	-81	-67	-21
Repayment of Debt	-16	-107	-178	-353	-337	-222	-251	-296	-289	-240	-27
Repurchase of Common Equity	-2.28	-1.23	-3.24	-3.87	-22	-0.33	-1.45	-20	-34	-4.51	-23
Issuance of Debt	11	107	176	348	328	174	294	291	242	178	27
Issuance of Common Equity	0.55	0.73	2.42	3.87	1.31	-	0.00	0.00	0.61	0.14	1.52
Effect of Exchange Rate Changes	-8.34	-1.45	2.44	-4.33	-0.40	-0.97	-1.78	-0.71	0.58	-0.21	0.18

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	4.13	10	-0.96	-2.50	7.94	-25	2.60	5.18	9.63	-30	1.40
Net Cash From Operating Activities	27	36	12	28	2.77	-4.13	8.83	21	25	18	21
Net Cash From Continuing Operating Activities	27	36	12	28	2.77	-4.13	8.83	21	25	18	21
Net Income / (Loss) Continuing Operations	7.67	-0.48	7.29	8.04	-174	8.70	10	8.68	5.65	15	10
Consolidated Net Income / (Loss)	7.67	-0.48	7.29	8.04	-174	8.70	10	8.68	5.65	15	10
Depreciation Expense	7.70	7.87	7.41	7.42	6.97	5.73	5.80	6.17	6.26	7.30	8.17
Amortization Expense	0.14	0.13	0.13	0.13	0.63	0.10	0.07	0.24	0.08	0.08	0.08
Non-Cash Adjustments To Reconcile Net Income	1.51	4.87	0.37	1.87	195	-1.06	0.37	0.69	0.90	-0.43	0.63
Changes in Operating Assets and Liabilities, net	9.98	24	-3.25	10	-26	-18	-7.41	5.66	12	-3.55	1.78
Net Cash From Investing Activities	-2.87	-7.86	-13	-4.30	40	-15	5.42	-6.23	-12	-52	-11
Net Cash From Continuing Investing Activities	-2.87	-7.86	-13	-4.30	40	-15	5.42	-6.23	-12	-52	-11
Purchase of Property, Plant & Equipment	-4.79	-9.10	-14	-6.59	-9.47	-14	-10	-12	-13	-12	-17
Sale of Property, Plant & Equipment	0.65	0.76	1.14	0.90	1.15	1.81	1.82	1.50	0.50	0.20	0.48
Divestitures	1.27	0.48	0.00	-	48	-	11	3.82	-	2.12	5.49
Other Investing Activities, net	-	-	0.00	-	-	-3.09	2.95	0.14	-	-	0.00
Net Cash From Financing Activities	-19	-19	0.59	-26	-36	-6.06	-12	-10	-2.86	3.70	-8.92
Net Cash From Continuing Financing Activities	-19	-19	0.59	-26	-36	-6.06	-12	-10	-2.86	3.70	-8.92
Repayment of Debt	-62	-57	-52	-56	-126	-6.18	-0.87	-1.64	-0.95	-24	-19
Repurchase of Common Equity	-6.26	-6.04	0.00	-4.33	-0.17	-0.00	-11	-8.48	-3.40	-	-2.68
Issuance of Debt	49	43	53	35	90	-	0.00	-	-	27	12
Issuance of Common Equity	0.18	0.43	0.02	-	-	0.12	0.00	-	1.50	0.02	0.49
Effect of Exchange Rate Changes	-0.84	1.08	-0.76	-0.20	0.84	-0.09	0.03	0.08	-0.02	0.09	-0.08

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	849	798	903	916	900	709	753	715	642	394	442
Total Current Assets	506	463	505	523	479	328	389	426	357	113	81
Cash & Equivalents	107	88	56	56	49	24	24	23	0.79	18	5.14
Accounts Receivable	206	214	266	254	217	141	194	242	43	75	60
Inventories, net	164	144	165	197	197	148	155	150	19	15	12
Prepaid Expenses	29	17	17	16	17	15	15	11	4.69	5.73	5.05
Plant, Property, & Equipment, net	308	304	315	316	0.00	0.00	0.00	193	166	187	233
Total Noncurrent Assets	35	32	82	76	421	381	364	96	120	93	127
Goodwill	19	20	44	44	42	42	47	47	47	47	76
Intangible Assets	11	6.07	30	25	30	25	25	20	12	10	21
Noncurrent Deferred & Refundable Income Taxes	1.82	1.75	4.75	4.52	3.60	1.71	2.32	2.28	1.37	16	5.54
Other Noncurrent Operating Assets	3.00	3.78	3.98	2.74	346	311	290	26	13	20	24
Total Liabilities & Shareholders' Equity	849	798	903	916	900	709	753	715	642	394	442
Total Liabilities	329	298	355	346	351	221	291	292	227	67	91
Total Current Liabilities	125	180	158	142	129	154	150	163	136	45	57
Short-Term Debt	7.38	83	1.52	2.52	6.34	67	19	22	6.32	2.90	5.17
Accounts Payable	72	65	89	91	80	49	85	94	16	19	22
Accrued Expenses	46	31	68	49	43	37	47	47	21	22	30
Total Noncurrent Liabilities	203	118	197	204	223	68	140	129	91	23	33
Long-Term Debt	171	73	159	159	154	20	96	92	56	4.83	12
Noncurrent Deferred & Payable Income Tax Liabilities	26	39	32	37	34	13	12	8.12	3.70	1.20	7.48
Other Noncurrent Operating Liabilities	5.63	6.20	6.29	7.54	35	34	33	29	15	16	14
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	520	501	547	570	549	488	462	423	415	326	351
Total Preferred & Common Equity	520	501	547	570	549	488	462	423	415	326	351
Total Common Equity	520	501	547	570	549	488	462	423	415	326	351
Common Stock	535	560	605	618	622	628	636	642	641	634	491
Retained Earnings	172	130	123	149	134	51	24	2.49	11	-139	-101
Treasury Stock	-128	-126	-128	-130	-139	-137	-137	-155	-173	-166	-37
Accumulated Other Comprehensive Income / (Loss)	-58	-63	-53	-68	-68	-54	-61	-67	-63	-2.87	-1.61

This table presents NPK International's 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	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	767	685	665	662	641	625	390	390	394	404	438
Total Current Assets	477	396	377	378	348	332	117	105	102	108	82
Cash & Equivalents	20	24	22	27	38	35	43	21	26	36	6.54
Accounts Receivable	211	213	193	195	170	159	55	70	61	57	62
Inventories, net	160	150	147	143	132	127	15	9.58	11	9.67	9.34
Prepaid Expenses	14	9.96	14	13	8.90	10	4.60	4.32	4.29	5.15	4.82
Plant, Property, & Equipment, net	190	195	195	193	203	205	180	194	202	211	240
Total Noncurrent Assets	99	94	93	91	90	88	93	91	89	86	116
Goodwill	47	47	47	47	47	47	47	47	48	47	76
Intangible Assets	21	19	19	18	16	16	11	9.84	9.36	8.87	20
Noncurrent Deferred & Refundable Income Taxes	6.00	2.40	2.48	2.28	3.27	3.55	18	13	9.68	6.84	2.21
Other Noncurrent Operating Assets	26	25	25	24	23	22	17	21	22	23	18
Total Liabilities & Shareholders' Equity	767	685	665	662	641	625	390	390	394	404	438
Total Liabilities	345	268	251	248	219	198	73	63	65	71	78
Total Current Liabilities	173	154	140	153	125	127	51	40	44	49	52
Short-Term Debt	23	23	22	25	16	18	8.46	3.03	3.43	3.64	4.83
Accounts Payable	105	93	79	81	68	69	19	20	22	22	23
Accrued Expenses	43	38	39	47	40	40	24	18	18	23	24
Total Noncurrent Liabilities	172	114	110	95	95	71	22	23	21	22	26
Long-Term Debt	134	78	76	61	61	40	5.51	5.02	5.91	5.91	5.72
Noncurrent Deferred & Payable Income Tax Liabilities	8.80	7.69	7.78	7.18	7.26	6.84	1.21	1.31	1.46	1.82	7.17
Other Noncurrent Operating Liabilities	29	28	26	27	26	24	15	16	14	14	13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	422	417	414	414	422	427	316	327	329	334	360
Total Preferred & Common Equity	422	417	414	414	422	427	316	327	329	334	360
Total Common Equity	422	417	414	414	422	427	316	327	329	334	360
Common Stock	640	644	639	639	642	633	633	636	631	632	491
Retained Earnings	-6.50	8.11	3.90	11	18	26	-148	-129	-121	-115	-90
Treasury Stock	-137	-170	-163	-169	-173	-166	-166	-176	-179	-180	-38
Accumulated Other Comprehensive Income / (Loss)	-75	-65	-65	-68	-65	-66	-2.77	-2.71	-2.50	-2.67	-2.97

This table displays calculated financial ratios and metrics derived from NPK International's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-39.48%	-30.34%	58.59%	26.58%	-13.36%	-39.93%	24.80%	-68.61%	7.59%	4.74%	27.38%
EBITDA Growth	-133.25%	70.48%	539.97%	52.44%	-43.16%	-148.88%	218.89%	19.29%	24.60%	7.63%	22.80%
EBIT Growth	-179.02%	45.20%	152.01%	111.48%	-81.96%	-831.53%	89.72%	162.36%	353.37%	32.12%	51.40%
NOPAT Growth	-180.71%	42.27%	154.66%	98.26%	-83.23%	-856.46%	88.78%	149.78%	435.17%	142.46%	-11.57%
Net Income Growth	-188.81%	55.18%	84.90%	625.07%	-140.10%	-523.33%	68.37%	18.38%	169.67%	-1,135.15%	125.91%
EPS Growth	-202.80%	55.45%	85.71%	600.00%	-140.00%	-535.71%	68.54%	21.43%	172.73%	-1,175.00%	126.16%
Operating Cash Flow Growth	36.27%	-90.87%	245.93%	65.19%	14.01%	-22.82%	-105.40%	-730.43%	499.67%	-61.83%	91.22%
Free Cash Flow Firm Growth	339.66%	-128.11%	-251.98%	132.39%	15.49%	136.61%	-115.39%	609.75%	565.28%	-109.61%	58.79%
Invested Capital Growth	-18.10%	-3.85%	14.53%	3.64%	-2.29%	-16.50%	0.38%	-7.08%	-51.44%	26.80%	14.67%
Revenue Q/Q Growth	-18.69%	-2.78%	9.89%	41.71%	-26.36%	-10.82%	8.83%	-74.94%	-68.81%	-68.99%	6.81%
EBITDA Q/Q Growth	-179.09%	83.53%	33.88%	21.73%	-39.07%	-29.42%	69.29%	155.90%	-19.41%	-13.48%	4.47%
EBIT Q/Q Growth	-458.71%	60.34%	133.81%	45.12%	-79.03%	-7.38%	66.60%	121.57%	-35.17%	-18.56%	3.46%
NOPAT Q/Q Growth	-358.51%	60.07%	133.40%	1.34%	-86.39%	-5.40%	65.10%	116.50%	-36.50%	-4.83%	6.75%
Net Income Q/Q Growth	-678.01%	67.10%	-289.46%	274.58%	-170.51%	-1.69%	36.63%	37.82%	-39.48%	5.76%	17.86%
EPS Q/Q Growth	-787.50%	67.33%	-275.00%	169.23%	-193.33%	-2.30%	36.36%	37.14%	-38.46%	6.01%	18.42%
Operating Cash Flow Q/Q Growth	-29.94%	-74.95%	1,347.35%	48.37%	-25.07%	-6.06%	-110.33%	44.12%	49.45%	-51.35%	43.52%
Free Cash Flow Firm Q/Q Growth	-43.22%	-2,458.71%	42.30%	-30.61%	-72.08%	10.52%	-138.52%	107.95%	566.66%	-111.86%	-187.33%
Invested Capital Q/Q Growth	-11.44%	0.32%	-4.44%	-3.02%	-1.27%	-2.89%	4.71%	5.04%	-47.24%	10.07%	17.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.50%	7.14%	18.70%	18.97%	16.51%	3.93%	13.86%	31.08%	34.94%	35.46%	36.37%
EBITDA Margin	-8.47%	-3.59%	9.96%	12.00%	7.87%	-6.40%	6.10%	23.18%	26.84%	27.59%	26.59%
Operating Margin	-14.64%	-12.13%	4.20%	6.71%	1.27%	-15.96%	-1.44%	3.38%	11.05%	14.87%	16.89%
EBIT Margin	-15.23%	-11.98%	3.93%	6.57%	1.37%	-16.65%	-1.37%	2.72%	11.48%	14.48%	17.20%
Profit (Net Income) Margin	-13.42%	-8.63%	-0.82%	3.41%	-1.58%	-16.38%	-4.15%	-10.80%	6.99%	-69.09%	14.06%
Tax Burden Percent	80.93%	62.87%	-38.16%	68.28%	409.94%	87.16%	140.00%	-1,193.24%	73.60%	-520.64%	81.72%
Interest Burden Percent	108.84%	114.60%	54.83%	76.08%	-28.17%	112.88%	216.34%	33.22%	82.76%	91.67%	99.97%
Effective Tax Rate	0.00%	0.00%	30.37%	31.72%	0.00%	0.00%	0.00%	52.92%	28.26%	-23.35%	24.56%
Return on Invested Capital (ROIC)	-10.56%	-6.90%	3.59%	6.54%	1.09%	-9.09%	-1.12%	0.58%	4.31%	14.10%	10.39%
ROIC Less NNEP Spread (ROIC-NNEP)	-36.02%	-7.85%	-28.92%	-4.06%	-17.56%	-38.55%	-26.30%	-25.75%	9.50%	230.42%	441.70%
Return on Net Nonoperating Assets (RNNOA)	-5.30%	-1.08%	-4.76%	-0.76%	-3.41%	-6.48%	-4.25%	-5.28%	-0.85%	-54.61%	1.10%
Return on Equity (ROE)	-15.86%	-7.98%	-1.17%	5.78%	-2.32%	-15.57%	-5.37%	-4.71%	3.46%	-40.51%	11.49%
Cash Return on Invested Capital (CROIC)	9.35%	-2.98%	-9.96%	2.97%	3.41%	8.89%	-1.50%	7.91%	73.57%	-9.54%	-3.27%
Operating Return on Assets (OROA)	-11.11%	-6.86%	3.46%	6.83%	1.23%	-10.19%	-1.15%	0.72%	3.51%	6.08%	11.41%
Return on Assets (ROA)	-9.78%	-4.94%	-0.72%	3.55%	-1.43%	-10.03%	-3.49%	-2.84%	2.14%	-29.01%	9.32%
Return on Common Equity (ROCE)	-15.86%	-7.98%	-1.17%	5.78%	-2.32%	-15.57%	-5.37%	-4.71%	3.46%	-40.51%	11.49%
Return on Equity Simple (ROE_SIMPLE)	-17.46%	-8.13%	-1.12%	5.67%	-2.36%	-16.54%	-5.52%	-4.93%	3.49%	-46.02%	0.00%
Net Operating Profit after Tax (NOPAT)	-69	-40	22	43	7.28	-55	-6.18	3.08	16	40	35
NOPAT Margin	-10.25%	-8.49%	2.93%	4.58%	0.89%	-11.17%	-1.00%	1.59%	7.93%	18.35%	12.74%
Net Nonoperating Expense Percent (NNEP)	25.47%	0.95%	32.50%	10.60%	18.65%	29.46%	25.18%	26.32%	-5.19%	-216.32%	-431.31%
Return On Investment Capital (ROIC_SIMPLE)	-9.93%	-6.10%	3.09%	5.93%	1.03%	-9.57%	-1.07%	0.57%	3.45%	11.94%	9.59%
Cost of Revenue to Revenue	88.50%	92.86%	81.30%	81.03%	83.49%	96.07%	86.14%	68.92%	65.06%	64.54%	63.63%
SG&A Expenses to Revenue	14.93%	18.76%	14.56%	12.16%	13.83%	17.58%	15.36%	25.28%	24.60%	21.17%	19.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.14%	19.27%	14.50%	12.26%	15.24%	19.89%	15.30%	27.70%	23.89%	20.59%	19.48%
Earnings before Interest and Taxes (EBIT)	-103	-57	29	62	11	-82	-8.43	5.26	24	31	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-57	-17	74	114	65	-32	38	45	56	60	74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.85	1.27	1.35	1.10	1.03	0.36	0.59	0.92	1.36	2.03	2.87
Price to Tangible Book Value (P/TBV)	0.91	1.34	1.56	1.25	1.18	0.41	0.70	1.10	1.59	2.47	3.97
Price to Revenue (P/Rev)	0.66	1.35	0.99	0.66	0.69	0.35	0.44	2.02	2.72	3.05	3.64
Price to Earnings (P/E)	0.00	0.00	0.00	19.33	0.00	0.00	0.00	0.00	38.92	0.00	25.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	5.17%	0.00%	0.00%	0.00%	0.00%	2.57%	0.00%	3.87%
Enterprise Value to Invested Capital (EV/IC)	0.87	1.24	1.29	1.08	1.02	0.43	0.65	0.94	2.51	2.06	2.81
Enterprise Value to Revenue (EV/Rev)	0.76	1.49	1.13	0.77	0.82	0.48	0.59	2.49	3.02	3.00	3.68
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	11.31	6.42	10.44	0.00	9.65	10.76	11.23	10.89	13.83
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	28.67	11.74	60.09	0.00	0.00	91.56	26.28	20.75	21.38
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	38.48	16.81	92.59	0.00	0.00	156.49	38.05	16.37	28.87
Enterprise Value to Operating Cash Flow (EV/OCF)	4.24	63.39	21.95	11.51	9.32	4.25	0.00	0.00	6.26	17.12	13.96
Enterprise Value to Free Cash Flow (EV/FCFF)	8.40	0.00	0.00	37.05	29.63	4.41	0.00	11.40	2.23	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.31	0.29	0.28	0.29	0.18	0.25	0.27	0.15	0.02	0.05
Long-Term Debt to Equity	0.33	0.15	0.29	0.28	0.28	0.04	0.21	0.22	0.13	0.01	0.03
Financial Leverage	0.15	0.14	0.16	0.19	0.19	0.17	0.16	0.21	-0.09	-0.24	0.00
Leverage Ratio	1.62	1.61	1.62	1.63	1.62	1.55	1.54	1.66	1.62	1.40	1.23
Compound Leverage Factor	1.76	1.85	0.89	1.24	-0.46	1.75	3.33	0.55	1.34	1.28	1.23
Debt to Total Capital	25.56%	23.79%	22.67%	22.11%	22.56%	15.15%	19.89%	21.24%	12.99%	2.31%	4.58%
Short-Term Debt to Total Capital	1.06%	12.69%	0.21%	0.34%	0.89%	11.73%	3.33%	4.18%	1.32%	0.87%	1.40%
Long-Term Debt to Total Capital	24.50%	11.10%	22.45%	21.77%	21.67%	3.42%	16.56%	17.07%	11.67%	1.44%	3.18%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.44%	76.21%	77.33%	77.89%	77.44%	84.85%	80.11%	78.76%	87.01%	97.69%	95.42%
Debt to EBITDA	-3.11	-9.23	2.15	1.42	2.48	-2.76	3.06	2.55	1.11	0.13	0.23
Net Debt to EBITDA	-1.25	-4.04	1.40	0.93	1.72	-2.00	2.42	2.03	1.10	-0.17	0.16
Long-Term Debt to EBITDA	-2.99	-4.31	2.13	1.40	2.38	-0.62	2.55	2.05	1.00	0.08	0.16
Debt to NOPAT	-2.57	-3.90	7.33	3.73	21.97	-1.58	-18.58	37.11	3.77	0.19	0.48
Net Debt to NOPAT	-1.03	-1.71	4.76	2.43	15.28	-1.14	-14.68	29.57	3.72	-0.25	0.33
Long-Term Debt to NOPAT	-2.47	-1.82	7.26	3.67	21.10	-0.36	-15.47	29.81	3.39	0.12	0.33
Altman Z-Score	2.03	2.29	2.83	3.07	2.59	1.18	1.76	1.54	2.38	6.45	7.40
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.04	2.57	3.19	3.69	3.72	2.14	2.58	2.61	2.62	2.53	1.43
Quick Ratio	2.50	1.68	2.03	2.19	2.06	1.08	1.45	1.63	0.32	2.07	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	61	-17	-61	20	23	54	-8.28	42	281	-27	-11
Operating Cash Flow to CapEx	181.69%	32.73%	162.47%	149.08%	232.64%	1,643.33%	-52.00%	-99.86%	391.81%	99.05%	171.10%
Free Cash Flow to Firm to Interest Expense	6.74	-2.09	-4.58	1.32	1.58	5.09	-0.84	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	13.34	1.34	2.89	4.27	5.03	5.28	-0.31	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	6.00	-2.76	1.11	1.40	2.87	4.96	-0.90	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.57	0.88	1.04	0.90	0.61	0.84	0.26	0.31	0.42	0.66
Accounts Receivable Turnover	2.58	2.24	3.11	3.64	3.48	2.75	3.67	0.88	1.46	3.70	4.12
Inventory Turnover	3.33	2.85	3.94	4.23	3.48	2.75	3.49	0.87	1.61	8.44	13.48
Fixed Asset Turnover	2.29	1.54	2.42	3.00	0.00	0.00	0.00	0.00	1.16	1.23	1.32
Accounts Payable Turnover	6.64	6.37	7.90	8.56	8.04	7.34	7.91	1.49	2.46	7.84	8.44
Days Sales Outstanding (DSO)	141.54	162.83	117.19	100.31	104.84	132.54	99.55	412.81	250.54	98.73	88.70
Days Inventory Outstanding (DIO)	109.75	128.08	92.75	86.19	104.96	132.95	104.49	418.39	227.19	43.25	27.08
Days Payable Outstanding (DPO)	54.98	57.31	46.21	42.65	45.41	49.76	46.12	244.54	148.57	46.55	43.26
Cash Conversion Cycle (CCC)	196.31	233.59	163.73	143.85	164.38	215.73	157.91	586.65	329.16	95.43	72.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	592	569	652	675	660	551	553	514	250	316	363
Invested Capital Turnover	1.03	0.81	1.23	1.43	1.23	0.81	1.11	0.36	0.54	0.77	0.82
Increase / (Decrease) in Invested Capital	-131	-23	83	24	-15	-109	2.10	-39	-264	67	46
Enterprise Value (EV)	516	703	842	729	674	237	362	481	626	653	1,019
Market Capitalization	444	635	738	624	563	174	271	390	565	663	1,007
Book Value per Share	$6.18	$5.91	$6.38	$6.27	$6.12	$5.37	$5.01	$4.50	$4.88	$3.77	$4.16
Tangible Book Value per Share	$5.83	$5.61	$5.52	$5.51	$5.31	$4.63	$4.23	$3.78	$4.18	$3.11	$3.00
Total Capital	699	657	708	731	709	575	577	537	477	334	368
Total Debt	179	156	160	162	160	87	115	114	62	7.73	17
Total Long-Term Debt	171	73	159	159	154	20	96	92	56	4.83	12
Net Debt	71	68	104	106	111	63	91	91	61	-10	12
Capital Expenditures (CapEx)	67	34	24	43	31	3.40	5.79	25	26	39	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	281	279	292	328	308	218	233	262	226	53	24
Debt-free Net Working Capital (DFNWC)	388	367	348	384	356	242	257	285	227	71	30
Net Working Capital (NWC)	381	283	347	381	350	175	238	263	221	68	24
Net Nonoperating Expense (NNE)	21	0.66	28	11	20	26	19	24	1.94	190	-3.65
Net Nonoperating Obligations (NNO)	71	68	104	106	111	63	91	91	-166	-10	12
Total Depreciation and Amortization (D&A)	46	40	45	51	53	50	46	39	32	29	26
Debt-free, Cash-free Net Working Capital to Revenue	41.54%	59.09%	39.02%	34.63%	37.51%	44.21%	37.94%	135.90%	109.06%	24.58%	8.80%
Debt-free Net Working Capital to Revenue	57.37%	77.73%	46.56%	40.56%	43.44%	49.12%	41.86%	147.91%	109.44%	32.75%	10.65%
Net Working Capital to Revenue	56.28%	60.05%	46.35%	40.29%	42.67%	35.43%	38.73%	136.29%	106.40%	31.42%	8.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.10)	($0.49)	($0.07)	$0.36	($0.14)	($0.89)	($0.28)	($0.22)	$0.17	($1.75)	$0.46
Adjusted Weighted Average Basic Shares Outstanding	84.14M	84.75M	89.22M	90.27M	89.90M	90.95M	92.35M	89.70M	85.20M	86.55M	84.53M
Adjusted Diluted Earnings per Share	($1.10)	($0.49)	($0.07)	$0.35	($0.14)	($0.89)	($0.28)	($0.22)	$0.16	($1.72)	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	84.14M	84.75M	89.22M	90.27M	89.90M	90.95M	92.35M	89.70M	85.20M	86.55M	84.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.14)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	84.14M	84.75M	89.22M	90.27M	89.90M	90.95M	92.35M	89.70M	85.20M	86.55M	84.53M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-35	22	43	15	-45	-6.18	10	16	23	35
Normalized NOPAT Margin	-2.15%	-7.49%	2.93%	4.58%	1.86%	-9.08%	-1.00%	5.24%	7.93%	10.41%	12.74%
Pre Tax Income Margin	-16.58%	-13.73%	2.15%	4.99%	-0.39%	-18.79%	-2.97%	0.90%	9.50%	13.27%	17.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.32	-6.85	2.21	4.18	0.78	-7.76	-0.86	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-7.61	-4.85	1.65	2.92	0.51	-5.21	-0.63	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-18.66	-10.96	0.43	1.32	-1.38	-8.08	-1.45	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-14.95	-8.96	-0.13	0.06	-1.66	-5.53	-1.22	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2.51%	-3.01%	-52.68%	11.99%	-167.91%	-0.41%	-5.67%	-97.19%	236.05%	-3.00%	58.28%

This table displays calculated financial ratios and metrics derived from NPK International's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	84,527,934.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	84,527,934.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-73.95%	41.40%	-15.46%	-2.32%	-22.80%	24.93%	32.29%	2.16%	55.72%	30.72%	15.89%
EBITDA Growth	235.26%	-73.25%	8.82%	47.78%	-30.95%	1.81%	38.21%	-4.61%	63.66%	18.79%	14.26%
EBIT Growth	128.96%	-92.41%	21.03%	120.25%	-68.81%	104.10%	105.95%	1.96%	402.56%	14.57%	3.15%
NOPAT Growth	123.77%	-97.59%	15.74%	260.24%	506.74%	530.66%	113.29%	-14.17%	-71.86%	26.47%	5.95%
Net Income Growth	131.19%	-105.29%	29.77%	372.39%	-2,372.46%	1,928.36%	37.16%	7.94%	103.24%	67.80%	4.55%
EPS Growth	134.62%	-111.11%	33.33%	350.00%	-2,311.11%	1,100.00%	37.50%	11.11%	103.52%	70.00%	9.09%
Operating Cash Flow Growth	631.17%	1,077.05%	-59.41%	272.51%	-89.76%	-111.41%	-26.13%	-22.27%	793.89%	536.25%	139.14%
Free Cash Flow Firm Growth	-17.74%	269.48%	-42.17%	-43.26%	948.13%	-123.36%	311.70%	190.74%	-106.89%	39.01%	-124.78%
Invested Capital Growth	-3.31%	-51.44%	-6.77%	-8.25%	-39.22%	26.80%	-31.91%	-30.55%	7.07%	14.67%	15.82%
Revenue Q/Q Growth	-68.75%	-506.73%	-45.28%	5.86%	-75.30%	-495.49%	137.05%	5.34%	0.89%	9.23%	-0.17%
EBITDA Q/Q Growth	-3.04%	-24.53%	-1.84%	6.65%	-54.69%	11.28%	88.66%	-5.29%	-17.69%	29.62%	13.07%
EBIT Q/Q Growth	-3.70%	-60.65%	0.76%	10.77%	-86.36%	157.52%	199.29%	-11.47%	-26.35%	38.93%	13.86%
NOPAT Q/Q Growth	35.87%	-77.85%	47.87%	10.21%	128.84%	-76.97%	104.00%	-17.50%	-27.40%	79.05%	-1.21%
Net Income Q/Q Growth	350.65%	-106.21%	1,632.14%	10.24%	-2,267.89%	104.99%	14.94%	-13.25%	-34.85%	158.30%	-28.39%
EPS Q/Q Growth	350.00%	-111.11%	900.00%	12.50%	-2,311.11%	105.03%	10.00%	-9.09%	-30.00%	142.86%	-29.41%
Operating Cash Flow Q/Q Growth	264.59%	33.95%	-66.95%	130.80%	-89.98%	-249.26%	313.91%	142.86%	15.28%	-27.16%	17.26%
Free Cash Flow Firm Q/Q Growth	-77.49%	1,242.23%	-84.45%	18.54%	315.85%	-129.91%	354.00%	-7.41%	-109.79%	-149.36%	-9.60%
Invested Capital Q/Q Growth	-3.44%	-47.24%	84.85%	-2.56%	-36.04%	10.07%	-0.75%	-0.62%	-1.39%	17.88%	0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.33%	0.00%	20.41%	21.74%	27.46%	0.00%	38.98%	36.90%	31.91%	37.72%	36.21%
EBITDA Margin	23.75%	0.00%	11.49%	11.58%	21.24%	0.00%	30.43%	27.36%	22.32%	26.49%	30.00%
Operating Margin	10.95%	0.00%	7.01%	7.43%	2.79%	0.00%	20.88%	17.04%	13.16%	16.71%	19.21%
EBIT Margin	10.06%	0.00%	7.03%	7.36%	4.06%	0.00%	21.37%	17.96%	13.11%	16.68%	19.02%
Profit (Net Income) Margin	13.39%	0.00%	4.31%	4.49%	-394.28%	0.00%	15.44%	12.72%	8.21%	19.42%	13.93%
Tax Burden Percent	161.75%	-13.95%	71.92%	70.68%	-20,433.53%	134.04%	72.02%	70.82%	62.32%	117.46%	74.94%
Interest Burden Percent	82.34%	150.53%	85.28%	86.36%	47.49%	140.39%	100.35%	99.99%	100.52%	99.15%	97.74%
Effective Tax Rate	43.48%	-21.58%	28.08%	29.32%	-1,643.14%	16.88%	25.31%	28.32%	33.18%	13.75%	25.78%
Return on Invested Capital (ROIC)	8.57%	0.00%	7.58%	7.99%	89.74%	0.00%	9.39%	7.53%	7.66%	11.75%	12.09%
ROIC Less NNEP Spread (ROIC-NNEP)	15.09%	0.00%	5.47%	5.23%	-1,208.77%	0.00%	8.63%	18.53%	9.11%	456.78%	17.73%
Return on Net Nonoperating Assets (RNNOA)	2.28%	0.00%	0.77%	0.61%	-49.91%	0.00%	0.31%	0.15%	-0.77%	1.14%	-0.23%
Return on Equity (ROE)	10.85%	0.00%	8.35%	8.60%	39.83%	0.00%	9.70%	7.68%	6.89%	12.90%	11.86%
Cash Return on Invested Capital (CROIC)	8.76%	73.57%	11.34%	14.44%	59.82%	-9.54%	49.41%	47.14%	4.28%	-3.27%	-4.07%
Operating Return on Assets (OROA)	9.37%	0.00%	7.62%	8.15%	5.42%	0.00%	9.67%	8.28%	8.57%	11.06%	13.20%
Return on Assets (ROA)	12.48%	0.00%	4.68%	4.98%	-525.91%	0.00%	6.99%	5.86%	5.37%	12.88%	9.67%
Return on Common Equity (ROCE)	10.85%	0.00%	8.35%	8.60%	39.83%	0.00%	9.70%	7.68%	6.89%	12.90%	11.86%
Return on Equity Simple (ROE_SIMPLE)	5.79%	0.00%	3.84%	5.28%	-50.38%	0.00%	-45.14%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.55	0.79	8.53	9.40	22	4.95	10	8.34	6.05	11	11
NOPAT Margin	6.19%	0.00%	5.04%	5.25%	48.66%	0.00%	15.60%	12.22%	8.79%	14.41%	14.26%
Net Nonoperating Expense Percent (NNEP)	-6.53%	-3.37%	2.11%	2.76%	1,298.51%	4.27%	0.75%	-11.00%	-1.45%	-445.03%	-5.64%
Return On Investment Capital (ROIC_SIMPLE)	0.71%	0.16%	1.71%	1.94%	6.51%	1.48%	3.02%	2.47%	1.76%	2.94%	2.89%
Cost of Revenue to Revenue	65.67%	0.00%	79.59%	78.26%	72.54%	0.00%	61.02%	63.10%	68.09%	62.28%	63.79%
SG&A Expenses to Revenue	24.29%	0.00%	14.40%	14.74%	24.89%	0.00%	18.13%	20.02%	19.29%	20.42%	17.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.38%	0.00%	13.40%	14.32%	24.67%	0.00%	18.10%	19.86%	18.76%	21.01%	17.00%
Earnings before Interest and Taxes (EBIT)	5.76	2.27	12	13	1.80	4.63	14	12	9.03	13	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	10	19	21	9.39	10	20	19	15	20	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.45	1.36	1.46	1.66	1.89	2.03	1.54	2.19	2.86	2.87	3.40
Price to Tangible Book Value (P/TBV)	1.72	1.59	1.72	1.95	2.32	2.47	1.86	2.65	3.44	3.97	4.63
Price to Revenue (P/Rev)	0.90	2.72	0.85	0.99	0.85	3.05	2.16	3.06	3.68	3.64	4.26
Price to Earnings (P/E)	25.01	38.92	37.95	31.43	0.00	0.00	0.00	0.00	28.90	25.87	31.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.00%	2.57%	2.64%	3.18%	0.00%	0.00%	0.00%	0.00%	3.46%	3.87%	3.22%
Enterprise Value to Invested Capital (EV/IC)	1.39	2.51	1.42	1.63	1.98	2.06	1.56	2.25	3.02	2.81	3.38
Enterprise Value to Revenue (EV/Rev)	0.99	3.02	0.91	1.02	0.81	3.00	2.10	2.99	3.58	3.68	4.28
Enterprise Value to EBITDA (EV/EBITDA)	9.53	11.23	9.78	9.94	8.22	10.89	7.49	10.89	13.17	13.83	16.07
Enterprise Value to EBIT (EV/EBIT)	17.93	26.28	18.46	17.15	14.75	20.75	12.70	18.09	20.16	21.38	25.55
Enterprise Value to NOPAT (EV/NOPAT)	25.43	38.05	31.53	26.65	13.60	16.37	11.05	16.65	28.10	28.87	34.23
Enterprise Value to Operating Cash Flow (EV/OCF)	9.85	6.26	7.93	7.12	7.27	17.12	13.98	24.31	18.26	13.96	14.41
Enterprise Value to Free Cash Flow (EV/FCFF)	15.64	2.23	12.06	10.78	2.51	0.00	2.56	3.91	72.92	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.15	0.18	0.14	0.04	0.02	0.02	0.03	0.03	0.05	0.03
Long-Term Debt to Equity	0.15	0.13	0.14	0.09	0.02	0.01	0.02	0.02	0.02	0.03	0.02
Financial Leverage	0.15	-0.09	0.14	0.12	0.04	-0.24	0.04	0.01	-0.08	0.00	-0.01
Leverage Ratio	1.71	1.62	1.58	1.53	1.44	1.40	1.38	1.35	1.22	1.23	1.21
Compound Leverage Factor	1.41	2.44	1.35	1.32	0.68	1.96	1.38	1.35	1.23	1.22	1.18
Debt to Total Capital	17.15%	12.99%	15.52%	11.97%	4.23%	2.31%	2.40%	2.76%	2.78%	4.58%	2.85%
Short-Term Debt to Total Capital	4.97%	1.32%	3.29%	3.63%	2.56%	0.87%	0.90%	1.01%	1.06%	1.40%	1.31%
Long-Term Debt to Total Capital	12.19%	11.67%	12.22%	8.34%	1.67%	1.44%	1.50%	1.75%	1.72%	3.18%	1.54%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.85%	87.01%	84.48%	88.03%	95.77%	97.69%	97.60%	97.24%	97.22%	95.42%	97.15%
Debt to EBITDA	1.24	1.11	1.16	0.79	0.20	0.13	0.12	0.14	0.14	0.23	0.14
Net Debt to EBITDA	0.85	1.10	0.59	0.31	-0.42	-0.17	-0.20	-0.26	-0.37	0.16	0.05
Long-Term Debt to EBITDA	0.88	1.00	0.91	0.55	0.08	0.08	0.08	0.09	0.08	0.16	0.07
Debt to NOPAT	3.31	3.77	3.73	2.11	0.33	0.19	0.18	0.22	0.29	0.48	0.29
Net Debt to NOPAT	2.28	3.72	1.92	0.83	-0.69	-0.25	-0.29	-0.40	-0.79	0.33	0.11
Long-Term Debt to NOPAT	2.35	3.39	2.94	1.47	0.13	0.12	0.11	0.14	0.18	0.33	0.16
Altman Z-Score	2.92	2.26	3.32	3.81	6.40	6.23	5.23	7.10	8.61	7.14	9.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.47	2.62	2.79	2.61	2.29	2.53	2.60	2.34	2.20	1.43	1.58
Quick Ratio	1.45	0.32	1.66	1.53	1.91	2.07	2.26	1.98	1.90	1.14	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	20	265	42	50	207	-62	157	146	-14	-36	-39
Operating Cash Flow to CapEx	652.19%	433.51%	93.81%	484.98%	33.21%	-35.03%	107.75%	210.36%	202.34%	149.32%	130.31%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	24.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	6.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-0.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.31	1.08	1.11	1.33	0.42	0.45	0.46	0.65	0.66	0.69
Accounts Receivable Turnover	3.27	1.46	3.76	4.06	5.61	3.70	1.94	2.14	4.63	4.12	4.35
Inventory Turnover	3.56	1.61	4.13	4.16	7.15	8.44	2.10	2.16	13.38	13.48	19.52
Fixed Asset Turnover	3.48	1.16	3.61	3.58	3.77	1.23	1.17	1.15	1.33	1.32	1.32
Accounts Payable Turnover	5.79	2.46	7.22	7.68	11.24	7.84	3.37	3.28	8.00	8.44	8.63
Days Sales Outstanding (DSO)	111.51	250.54	97.11	89.97	65.01	98.73	187.80	170.89	78.75	88.70	83.83
Days Inventory Outstanding (DIO)	102.60	227.19	88.46	87.77	51.06	43.25	173.43	168.91	27.28	27.08	18.70
Days Payable Outstanding (DPO)	63.00	148.57	50.57	47.51	32.46	46.55	108.20	111.23	45.60	43.26	42.32
Cash Conversion Cycle (CCC)	151.11	329.16	135.00	130.23	83.61	95.43	253.03	228.58	60.43	72.52	60.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	473	250	461	450	288	316	314	312	308	363	364
Invested Capital Turnover	1.38	0.54	1.50	1.52	1.84	0.77	0.60	0.62	0.87	0.82	0.85
Increase / (Decrease) in Invested Capital	-16	-264	-33	-40	-186	67	-147	-137	20	46	50
Enterprise Value (EV)	659	626	654	731	570	653	490	703	929	1,019	1,229
Market Capitalization	600	565	614	708	599	663	503	719	955	1,007	1,225
Book Value per Share	$4.77	$4.88	$4.95	$5.01	$3.66	$3.77	$3.78	$3.89	$3.95	$4.16	$4.26
Tangible Book Value per Share	$4.02	$4.18	$4.20	$4.27	$2.99	$3.11	$3.12	$3.22	$3.29	$3.00	$3.13
Total Capital	500	477	499	485	330	334	335	338	343	368	370
Total Debt	86	62	77	58	14	7.73	8.05	9.34	9.54	17	11
Total Long-Term Debt	61	56	61	40	5.51	4.83	5.02	5.91	5.91	12	5.72
Net Debt	59	61	40	23	-29	-10	-13	-17	-26	12	4.02
Capital Expenditures (CapEx)	4.14	8.34	13	5.69	8.33	12	8.19	10	12	12	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	223	226	202	187	31	53	47	36	27	24	29
Debt-free Net Working Capital (DFNWC)	250	227	240	222	74	71	68	62	62	30	35
Net Working Capital (NWC)	225	221	223	205	66	68	65	59	59	24	30
Net Nonoperating Expense (NNE)	-4.12	1.26	1.24	1.36	196	-3.75	0.10	-0.34	0.40	-3.77	0.25
Net Nonoperating Obligations (NNO)	59	-166	40	23	-29	-10	-13	-17	-26	12	4.02
Total Depreciation and Amortization (D&A)	7.84	8.00	7.54	7.55	7.59	5.82	5.87	6.42	6.34	7.38	8.25
Debt-free, Cash-free Net Working Capital to Revenue	33.53%	109.06%	28.12%	26.21%	4.47%	24.58%	20.12%	15.31%	10.34%	8.80%	9.94%
Debt-free Net Working Capital to Revenue	37.53%	109.44%	33.36%	31.12%	10.59%	32.75%	29.05%	26.40%	24.08%	10.65%	12.22%
Net Working Capital to Revenue	33.80%	106.40%	31.07%	28.66%	9.38%	31.42%	27.75%	24.94%	22.68%	8.79%	10.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.00	$0.09	$0.09	($2.02)	$0.09	$0.12	$0.10	$0.07	$0.17	$0.12
Adjusted Weighted Average Basic Shares Outstanding	85.09M	85.20M	85.20M	86.47M	86.50M	86.55M	84.52M	84.43M	84.49M	84.53M	84.45M
Adjusted Diluted Earnings per Share	$0.09	($0.01)	$0.08	$0.09	($1.99)	$0.10	$0.11	$0.10	$0.07	$0.17	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	85.09M	85.20M	85.20M	86.47M	86.50M	86.55M	84.52M	84.43M	84.49M	84.53M	84.45M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	85.09M	85.20M	85.20M	86.47M	86.50M	86.55M	84.52M	84.43M	84.49M	84.53M	84.45M
Normalized Net Operating Profit after Tax (NOPAT)	3.55	0.45	8.53	9.40	0.86	4.95	10	8.34	6.05	11	11
Normalized NOPAT Margin	6.19%	0.00%	5.04%	5.25%	1.95%	0.00%	15.60%	12.22%	8.79%	14.41%	14.26%
Pre Tax Income Margin	8.28%	0.00%	6.00%	6.35%	1.93%	0.00%	21.44%	17.96%	13.18%	16.53%	18.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	6.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	4.87	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-0.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-2.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	191.19%	236.05%	118.96%	73.83%	-6.61%	-3.00%	-10.38%	-13.25%	68.70%	58.28%	36.98%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for NPK International Inc. (NYSE: NPKI) based on the quarterly cash flow, income statement, and balance sheet data spanning 2022 through 2025. The focus is on the most recent four years, with an emphasis on the four quarterly results in 2025.

Revenue expanded meaningfully in 2025, culminating in Q4 2025 revenue around $75.2 million, up from earlier 2025 quarters and well above the 2022–2024 levels observed in the dataset.
Gross margin improved in Q4 2025 to roughly 37.7% (gross profit of about $28.36 million on $75.2 million revenue), up from ~32% in Q3 2025, indicating improved product/service profitability.
Operating cash flow turned consistently positive in 2025, with Q3 2025 at about $24.7 million and Q4 2025 at about $18.0 million, signaling healthier cash generation from core operations.
Free cash flow showed positive signs in late-2025 periods, with CFO minus capital expenditures turning positive (roughly +$12 million in Q3 2025 and around +$5.8 million in Q4 2025), suggesting cash could be available for debt reduction, buybacks, or opportunistic investments.
Debt financing activity in late 2025 contributed to liquidity, with a notable debt issuance of about $27.3 million in Q4 2025, while the company maintained a relatively modest overall debt load in the quarterly snapshots (short-term and long-term debt generally in the low tens of millions combined at the periods shown).
The balance sheet shows a broadly stable equity base around the mid-to-low hundreds of millions and total assets near the $390–405 million range in 2025, implying a solid asset base to support operations and financing needs.
Working capital dynamics fluctuated by quarter, as reflected in the changes in operating assets and liabilities line items, contributing to variability in reported CFO on a quarterly basis.
Investing activities remained a major cash outflow due to ongoing capital expenditures, with PPE purchases typically in the high single-digit to mid-teens millions per quarter (for example, around $12–13 million in several 2025 quarters), driving a persistent cash burn from investing activities.
Net cash from investing activities was often negative, reflecting continued investment in the business (including PPE and occasional asset divestitures), which can pressure near-term liquidity despite stronger operating cash flow.
Financing activities periodically produced negative net cash flows due to debt repayments and modest share-repurchase activity, contributing to quarterly fluctuations in the company’s overall cash balance.

Bottom line: NPKI has shown improvements in 2025 across revenue growth, gross margins, and operating cash flow, with positive free cash flow in late 2025 and a meaningful debt issuance to bolster liquidity. However, the company continues to invest heavily in capital assets, resulting in ongoing investing cash outflows and quarterly variability in cash from financing activities. If these operating improvements can be sustained, and capital expenditures can be balanced with disciplined capital allocation, the stock could benefit from improved profitability and cash generation going forward.

05/15/26 06:06 PM ETAI Generated. May Contain Errors.

NPK International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NPK International's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

NPK International's net income appears to be on a downward trend, with a most recent value of $38.94 million in 2025, falling from -$90.83 million in 2015. The previous period was -$150.26 million in 2024. View NPK International's forecast to see where analysts expect NPK International to go next.

NPK International's total operating income in 2025 was $46.78 million, based on the following breakdown:

Total Gross Profit: $100.76 million
Total Operating Expenses: $53.98 million

Over the last 10 years, NPK International's total revenue changed from $676.87 million in 2015 to $277.04 million in 2025, a change of -59.1%.

NPK International's total liabilities were at $90.60 million at the end of 2025, a 34.9% increase from 2024, and a 72.4% decrease since 2015.

In the past 10 years, NPK International's cash and equivalents has ranged from $789 thousand in 2023 to $107.14 million in 2015, and is currently $5.14 million as of their latest financial filing in 2025.

Over the last 10 years, NPK International's book value per share changed from 6.18 in 2015 to 4.16 in 2025, a change of -32.8%.

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Financial statements for NYSE:NPKI last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NPK International (NPKI) Financials

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NPK International (NPKI) Financials

Annual Income Statements for NPK International

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Quarterly Cash Flow Statements for NPK International

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What is NPK International's operating income?

How has NPK International's revenue changed over the last 10 years?

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