NL Industries Inc. Common Stock (NL)

FairStock Score: 43/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At $6.63 on 2026-10-13, NL Industries has a $324.2M market value. This is a small security-hardware maker: cabinet locks, mailbox locks, and electronic locks under brands like KeSet, TuBar, and CompX eLock. I see a narrow industrial niche, not a wide moat; customers likely care about reliability and replacement parts, but suppliers are competitive. Financial health is the interesting part. Debt is zero, FairStock's Piotroski score is 7/9 and Altman Z is 3.45. Fiscal 2025, the year ended 2025-12-31, showed revenue of $158.3M and a net loss of $37.8M, or diluted EPS of -$0.77. That followed fiscal 2024, when revenue was $145.9M and net income was $67.2M, or EPS of $1.38. Such a swing demands caution. Yet the recent quarters improve: in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $40.6M and net income $4.3M, or EPS $0.09; in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $43.6M and net income $9.0M, or EPS $0.18. FairStock's trailing calculations show P/B 0.89, P/E -12.75, ROE -5.70%, ROCE 3.67%, FCF yield 2.5%, and a 5.83% dividend yield. FairStock labels it a TURNAROUND because fiscal 2025 had a loss after earlier profits. The price is not demanding on book value, but a negative P/E means reported earnings are not yet dependable. The dividend also looks high relative to $8.1M trailing free cash flow. I want evidence that the 2026 profits persist before calling this a durable bargain.

In plain English: NL Industries makes locks and security hardware for cabinets, mailboxes, and other equipment. The business lost money in fiscal 2025, but it made money in the first two quarters of 2026 and has no debt. At $6.63, the shares trade below what its books say the company is worth, but profits have been uneven and the dividend is high compared with cash flow.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer