NL Industries Inc (NL) Financial Statements
Industry: Industrial Inorganic Chemicals
In fiscal 2025, NL Industries reported revenue of $158.3M, up 8.5% from $145.9M the year before. Net income was -$37.8M (a -23.9% net margin), or -$0.77 per diluted share. Gross margin was 30.4% and operating margin was 6.7%. Operating activities generated -$36.4M of cash, leaving -$40.1M of free cash flow. At fiscal year end, NL Industries held $464.2M in total assets against $105.5M in total liabilities, including $110.6M of cash and equivalents.
Open the full interactive NL Industries financials → Quarterly statements, key ratios, valuation history and price charts.
NL Industries Key Stats
| Share Price | $6.63 |
|---|---|
| Market Cap | $324.1M |
| Dividend Yield | 5.43% |
| Revenue YoY Growth | +8.5% |
| 52-Week Range | $4.89 – $8.25 |
| Shares Outstanding | 48.9 million (basic, 2026 Q2) |
NL Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $114.5M | $140.8M | $166.6M | $161.3M | $145.9M | $158.3M |
| Cost of Goods Sold | $81.7M | $98.1M | $117.8M | $112.1M | $104.6M | $110.1M |
| Gross Profit | $32.8M | $42.7M | $48.8M | $49.2M | $41.4M | $48.2M |
| Operating Income | $2.4M | $10.5M | $13.7M | $14.1M | $37.9M | $10.7M |
| Pre-Tax Income | $13.6M | $60.8M | $39.2M | -$6.4M | $83.3M | -$51.4M |
| Income Tax | -$2.5M | $7.5M | $2.8M | -$7.0M | $14.1M | -$16.1M |
| Net Income | $14.7M | $51.2M | $33.8M | -$2.3M | $67.2M | -$37.8M |
| Diluted EPS | $0.30 | $1.05 | $0.69 | -$0.05 | $1.38 | -$0.77 |
NL Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $40.0M | $37.7M | $40.6M | $43.6M |
| Net Income | -$7.9M | -$31.0M | $4.3M | $9.0M |
| Diluted EPS | -$0.16 | -$0.63 | $0.09 | — |
NL Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $137.0M | $147.0M | $68.9M | $111.5M | $163.2M | $110.6M |
| Current Assets | $171.2M | $193.6M | $194.0M | $218.3M | $238.0M | $159.9M |
| Total Assets | $548.1M | $596.2M | $609.9M | $576.7M | $578.3M | $464.2M |
| Current Liabilities | $27.5M | $30.6M | $32.1M | $30.4M | $91.1M | $20.6M |
| Total Liabilities | $236.3M | $233.7M | $227.7M | $206.8M | $181.4M | $105.5M |
| Shareholders' Equity | $311.9M | $362.5M | $382.1M | $369.8M | $396.9M | $358.8M |
NL Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $19.0M | $17.6M | $26.9M | $37.0M | $25.6M | -$36.4M |
| Cash From Investing | -$3.1M | $6.7M | -$67.9M | $22.1M | $58.9M | -$2.4M |
| Cash From Financing | -$8.5M | -$14.3M | -$36.8M | -$15.2M | -$41.6M | -$31.3M |
| Free Cash Flow | $17.3M | $13.5M | $23.2M | $35.9M | $24.1M | -$40.1M |
| Dividends Paid | $7.8M | $11.7M | $13.7M | $13.7M | $15.6M | $17.6M |
Figures from NL Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full NL Industries financials page for every line item.
NL Industries Company Profile
| Ticker | NL |
|---|---|
| Exchange | NYSE |
| Industry | Industrial Inorganic Chemicals |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0000072162 |
Frequently Asked Questions
What was NL Industries' revenue in fiscal 2025?
NL Industries (NL) reported revenue of $158.3M for fiscal 2025.
What is NL Industries' annual revenue history?
NL Industries' annual revenue by fiscal year: 2020: $114.5M; 2021: $140.8M; 2022: $166.6M; 2023: $161.3M; 2024: $145.9M; 2025: $158.3M.
What was NL Industries' net income in fiscal 2025?
NL Industries reported net income of -$37.8M for fiscal 2025.
What was NL Industries' earnings per share (EPS) in fiscal 2025?
NL Industries' diluted EPS was -$0.77 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did NL Industries generate in fiscal 2025?
NL Industries generated -$40.1M of free cash flow in fiscal 2025.
What was NL Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), NL Industries reported revenue of $43.6M.
How many shares of NL Industries are outstanding?
NL Industries reported a weighted average of 48.9 million basic shares outstanding in 2026 Q2.
What is NL Industries' market cap?
Based on its latest closing price, NL Industries (NL) has a market capitalization of about $324.1M.
When does NL Industries' fiscal year end?
NL Industries' fiscal year end, as registered with the SEC, is December 31.
Where is NL Industries headquartered?
NL Industries lists its business address in Dallas, Texas in its SEC filings.