NPK International Inc. Common Stock (NPKI)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

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

I approach NPK International as a Graham-style value investor: what is the business worth, and what am I paying? NPK rents and sells composite matting for temporary worksite access, serving power, oil and gas, pipeline, renewable, petrochemical and construction customers. The turnaround is real: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $81.6M and net income $12.0M, up from $68.2M and $8.7M in fiscal Q2 2025. In FY2025, the year ended 2025-12-31, revenue was $277.0M with net income $38.9M, after FY2024's $150.3M loss. FairStock's Lynch category is TURNAROUND because it returned to profit after a loss within three years. Financial health is a strength: debt-to-equity 0.05, FairStock's Piotroski 8/9 and Altman Z 7.48. But returns on capital are only decent, not wonderful: FairStock's ROE 11.18% and ROCE 7.90%. Free cash flow is modest: TTM FCF $25.3M, a 2.6% FCF yield. At the 2026-10-13 close of $11.29, FairStock calculations show P/E 24.54, P/B 2.58, EV/EBITDA 11.32, PEG 0.65, Graham Number $6.73, and margin of safety -67.76%. The stock sits near its 52-week low of $11.01, yet it is not cheap on asset value or earnings. I see a cyclical, asset-heavy rental business with improving operations and a clean balance sheet, but the returns do not suggest a wide moat. The price already reflects much of the recovery, leaving little Graham-style cushion.

In plain English: NPK International rents and sells composite mats used to build temporary roads and worksites, mostly for energy, power, pipeline, and construction customers. It has swung back to profit after a large loss, and recent quarterly sales and profit are above year-earlier levels. At the recent price, the shares look full compared with the company's current profits and assets, even though its finances are strong.

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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