What are the investment risks for NPK International Inc (NPKI)?

FCF near zero (2.8M TTM, 1.1% margin) due to 48M capex - if revenue stalls, cash burn accelerates despite 36M cash P/E 32.6x vs industry 24.3x (1.3x premium) with EPS down 57% YoY - multiple assumes recovery that may not materialize

NPK International Inc

NPKI

—

NPK International Inc AI Insights

Informational only. Not investment advice.

As of 2025-12-18

Snapshot

Operating margin 17.7% TTM vs industry median 6.7% - 2.6x advantage despite 32% revenue decline over 3 years[Operating Margin TTM]
Capex of 48M TTM (18.5% of revenue) consuming nearly all 51M operating cash flow - FCF only 2.8M (1.1% margin)[Free Cash Flow TTM]
Debt/equity 0.06 with 19M total debt vs 334M equity - fortress balance sheet but P/E 32.6x vs median 24.3x[Debt to Equity]

Watch Triggers

Free Cash Flow TTM: Rises above 20M (8% margin) — Signals capex cycle maturing and capacity investments generating returns
Total Revenue 1Y Growth: Falls below 10% — Would invalidate recovery thesis and expose premium valuation
Operating Margin TTM: Drops below 12% — Margin compression would eliminate key competitive advantage

Bull Case

Superior profitability (17.7% operating margin, 12.7% net margin TTM) at 2.6x and 2.9x industry medians with minimal debt (0.06 D/E) provides earnings resilience through cycles

Operating Margin TTMNet Margin TTMDebt to Equity

Revenue inflection: 56% 1Y growth TTM reverses 3Y decline, with heavy capex (48M) positioning for sustained recovery

Total Revenue 1Y GrowthCapital Expenditure TTM

Bear Case

FCF near zero (2.8M TTM, 1.1% margin) due to 48M capex - if revenue stalls, cash burn accelerates despite 36M cash

Free Cash Flow TTMCapital Expenditure TTM

P/E 32.6x vs industry 24.3x (1.3x premium) with EPS down 57% YoY - multiple assumes recovery that may not materialize

PE RatioEPS Growth 1Y

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

45%

Leverage NPKI's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.

Take Me to The Editor

Forward Thesis

Heavy capex cycle (48M TTM) signals capacity build for revenue recovery after 56% 1Y growth

1-3ymed

Capex 18.5% of revenue vs industry median ~4%
PPE 221M = 55% of total assets
Revenue rebounded 56% YoY after 3Y decline

Revenue 1Y growth 55.7% TTMPPE 221M on 404M assetsCapex 48M vs 30M industry median

Valuation Context

Caveats

Public Strategies Rankings

See how NPK International Inc ranks across different investment strategies.

Leverage NPKI's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.

NPKI Fundamentals

Manufacturing → Machinery Manufacturing

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$1.18B		—
Enterprise Value	$1.17B		—
P/E Ratio	37		—
Total Revenue - TTM	$259.37M	-65.3%	—
Earnings Per Share (diluted) - TTM	$0.38	-14.6%	—
Operating Margin - TTM	17.7%	+11.8%	—
Net Margin - TTM	12.7%	+34.0%	—
Free Cash Flow - TTM	$2.85M	-92.8%	—
Return on Common Equity - TTM	0.10	+53.8%	—
Beta 5Y (Monthly)	unknown		—

NPKI Dividend History

No dividends

NPKI Stock Splits

No stock splits

NPKI SEC Filings

Filing Date	Report Date	Report Type	Filing Link
10/31/25	09/30/25	10-Q	0000071829-25-000135
08/06/25	06/30/25	10-Q	0000071829-25-000116
05/02/25	03/31/25	10-Q	0000071829-25-000041
02/28/25	12/31/24	10-K	0000071829-25-000012
11/12/24	09/30/24	10-Q	0000071829-24-000115
08/06/24	06/30/24	10-Q	0000071829-24-000092
05/03/24	03/31/24	10-Q	0000071829-24-000036
02/23/24	12/31/23	10-K	0000071829-24-000009
11/01/23	09/30/23	10-Q	0000071829-23-000142
08/02/23	06/30/23	10-Q	0000071829-23-000124
05/03/23	03/31/23	10-Q	0000071829-23-000041
02/24/23	12/31/22	10-K	0000071829-23-000017
11/02/22	09/30/22	10-Q	0000071829-22-000170
08/03/22	06/30/22	10-Q	0000071829-22-000139
05/04/22	03/31/22	10-Q	0000071829-22-000039
02/25/22	12/31/21	10-K	0000071829-22-000012
11/03/21	09/30/21	10-Q	0000071829-21-000138
08/04/21	06/30/21	10-Q	0000071829-21-000117
05/05/21	03/31/21	10-Q	0000071829-21-000041
02/26/21	12/31/20	10-K	0000071829-21-000018
11/04/20	09/30/20	10-Q	0000071829-20-000103
08/04/20	06/30/20	10-Q	0000071829-20-000089
05/06/20	03/31/20	10-Q	0000071829-20-000029
02/21/20	12/31/19	10-K	0000071829-20-000009
10/31/19	09/30/19	10-Q	0000071829-19-000127
07/31/19	06/30/19	10-Q	0000071829-19-000117
04/26/19	03/31/19	10-Q	0000071829-19-000043
02/22/19	12/31/18	10-K	0000071829-19-000021
10/26/18	09/30/18	10-Q	0000071829-18-000144
07/27/18	06/30/18	10-Q	0000071829-18-000111
04/27/18	03/31/18	10-Q	0000071829-18-000045
02/23/18	12/31/17	10-K	0000071829-18-000021
10/31/17	09/30/17	10-Q	0000071829-17-000124
07/28/17	06/30/17	10-Q	0000071829-17-000088
04/28/17	03/31/17	10-Q	0000071829-17-000033
02/24/17	12/31/16	10-K	0000071829-17-000011
10/31/16	09/30/16	10-Q	0000071829-16-000136
07/29/16	06/30/16	10-Q	0000071829-16-000118
05/13/16	03/31/16	10-Q	0001437749-16-031760
02/26/16	12/31/15	10-K	0001437749-16-026131
10/30/15	09/30/15	10-Q	0001437749-15-019185
07/31/15	06/30/15	10-Q	0001437749-15-014448
05/01/15	03/31/15	10-Q	0001437749-15-008586
02/27/15	12/31/14	10-K	0001437749-15-003649
10/31/14	09/30/14	10-Q	0001437749-14-019217
07/25/14	06/30/14	10-Q	0001437749-14-013349
04/25/14	03/31/14	10-Q	0001437749-14-007189
02/28/14	12/31/13	10-K	0001437749-14-003088
10/25/13	09/30/13	10-Q	0001437749-13-013422
07/26/13	06/30/13	10-Q	0001437749-13-009480
04/26/13	03/31/13	10-Q	0001437749-13-004771
02/28/13	12/31/12	10-K	0001437749-13-002097
10/26/12	09/30/12	10-Q	0001437749-12-010589
07/27/12	06/30/12	10-Q	0001437749-12-007256
05/02/12	03/31/12	10-Q	0001193125-12-204691
02/29/12	12/31/11	10-K	0001193125-12-089028
10/28/11	09/30/11	10-Q	0000950123-11-092915
07/29/11	06/30/11	10-Q	0000950123-11-070160
04/29/11	03/31/11	10-Q	0000950123-11-041995
03/08/11	12/31/10	10-K	0000950123-11-023189
10/29/10	09/30/10	10-Q	0000950123-10-098215
07/30/10	06/30/10	10-Q	0000950123-10-070435
05/10/10	03/31/10	10-Q	0000950123-10-046708
03/03/10	12/31/09	10-K	0000950123-10-020657
10/30/09	09/30/09	10-Q	0000950123-09-055514
07/31/09	06/30/09	10-Q	0000950123-09-028404
05/01/09	03/30/09	10-Q	0001362310-09-006315
03/10/09	12/31/08	8-K	0001362310-09-000158
10/31/08	09/30/08	10-Q	0001362310-08-006488
08/01/08	06/30/08	10-Q	0001362310-08-004064
05/02/08	03/30/08	Unknown	--
03/07/08	12/31/07	10-K	0000950129-08-001593
11/07/07	09/30/07	10-Q	0000950129-07-005382
08/03/07	06/30/07	10-Q	0000950129-07-003763
05/08/07	03/30/07	Unknown	--
03/16/07	12/31/06	10-K	0000950129-07-001410
11/09/06	09/30/06	10-Q	0000950129-06-009578
11/09/06	06/30/06	10-Q	0000950129-06-009577
11/09/06	03/30/06	Unknown	--
03/14/06	12/31/05	10-K	0000950129-06-002613
11/09/05	09/30/05	10-Q	0000950129-05-010788
08/04/05	06/30/05	10-Q	0000950129-05-007652
05/03/05	03/30/05	Unknown	--
03/16/05	12/31/04	10-K	0000950129-05-002502
11/09/04	09/30/04	10-Q	0000950129-04-008691
08/06/04	06/30/04	10-Q	0000950129-04-005705
05/06/04	03/30/04	Unknown	--
03/11/04	12/31/03	10-K	0000950129-04-001189
11/12/03	09/30/03	10-Q	0000950134-03-014819
08/07/03	06/30/03	10-Q	0000950134-03-011105
05/12/03	03/30/03	Unknown	--
03/25/03	12/31/02	10-K	0000950134-03-004413
11/14/02	09/30/02	10-Q	0000950134-02-014171
08/12/02	06/30/02	10-Q	0000950134-02-009524
05/06/02	03/30/02	Unknown	--
03/14/02	12/31/01	10-K405	0001035704-02-000159
11/08/01	09/30/01	10-Q	0000950134-01-508019
08/13/01	06/30/01	10-Q	0000950134-01-505135
05/07/01	03/30/01	Unknown	--
03/23/01	12/31/00	10-K405	0000950134-01-002545
11/13/00	09/30/00	10-Q	0000950134-00-009503
08/14/00	06/30/00	10-Q	0000950134-00-006938
05/12/00	03/30/00	Unknown	--