NPK International Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data NPK International Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	471	748	947	820	493	615	193	208	217	277
Cost of revenue	438	608	767	685	473	530	133	135	140	176
Gross profit	33.7	140	180	135	19.4	85.2	60	72.6	77.1	101
Selling, general and administrative	88.5	109	115	113	86.6	94.4	48.8	51.1	46	54
Operating income	-57.2	31.4	63.6	10.4	-78.6	-8.83	6.53	22.9	32.4	46.8
Interest expense	9.9	13.3	14.9	14.4	11	8.8	7	8.2	2.6	0
Pre-tax income	-64.8	16.1	47.3	-3.16	-92.6	-18.2	1.75	19.7	28.9	47.7
Income tax	-24	4.89	15	9.79	-11.9	7.29	0.92	5.57	-6.74	11.7
Income from continuing operations	-40.7	11.2	32.3	-12.9			0.82	14.1	35.6	35.9
Net income	-40.7	-6.15	32.3	-12.9	-80.7	-25.5	-20.8	14.5	-150	38.9
EBITDA	-19.3	71.2	109	57.5	-33.3	33.4	45.1	54.3	59.9	72.3
EPS, basic	-0.49	-0.07	0.36	-0.14	-0.89	-0.28	-0.22	0.17	-1.75	0.46
EPS, diluted	-0.49	-0.07	0.35	-0.14	-0.89	-0.28	-0.22	0.16	-1.72	0.45
Shares, basic (weighted)	83.7	85.4	90	89.8	90.2	91.5	92.7	86.4	85.8	84.8
Shares, diluted (weighted)	83.7	88	92.9	89.8	90.2	91.5	94	88.3	87.4	85.7

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	87.9	56.4	56.1	48.7	24.2	24.1	0.09	0.79	17.8	5.14
Receivables	154	247	238	202	129	180	223	40.9	45.9	52.8
Inventory	144	165	197	197	148	155	150	18.6	14.7	11.5
Other current assets	17.1	17.5	15.9	16.5	15.1	14.8	11	4.69	5.73	5.05
Total current assets	463	505	523	479	328	389	426	357	113	81.5
Property, plant and equipment	304	315	316	310	278	260	193	166	187	233
Lease right-of-use assets			0	32	31	27.6	23.8	11.2	11.8	11.2
Goodwill	20	43.6	43.8	42.3	42.4	47.3	47.1	47.3	47.2	76.3
Intangible assets	6.07	30	25.2	29.7	25.4	25	20.2	12.5	10.3	21.3
Other non-current assets	3.78	3.98	2.74	3.24	2.77	1.99	2.44	1.58	8.28	12.9
Total assets	798	903	916	900	709	753	715	642	394	442
Accounts payable	65.3	88.6	90.6	79.8	49.3	84.6	93.6	16.3	19.5	22.3
Accrued liabilities	31.2	68.2	48.8	42.8	36.9	46.6	46.9	21	22.3	29.6
Short-term debt	83.4	1.52	2.52	6.34	67.5	19.2	22.4	6.32	2.9	5.17
Total current liabilities	180	158	142	129	154	150	163	136	44.7	57.1
Long-term debt	72.9	159	159	154	19.7	95.6	91.7	55.7	4.83	11.7
Lease liabilities			0	26.9	25.1	22.4	19.8	10.7	10.9	9.88
Other non-current liabilities	6.2	6.29	7.54	7.84	9.38	10.3	9.29	4.19	5.6	4.41
Total liabilities	298	355	346	351	221	291	292	227	67.2	90.6
Total debt	156	160	162	160	87.2	115	114	62	7.73	16.9
Paid-in capital	559	604	617	621	627	635	641	640	633	490
Retained earnings	130	123	149	134	50.9	24.3	2.49	10.8	-139	-101
Treasury stock	-126	-128	-130	-139	-137	-137	-155	-173	-166	-37.2
Other comprehensive income	-63.2	-53.2	-67.7	-67.9	-54.2	-61.5	-67.2	-62.8	-2.87	-1.61
Shareholders' equity	501	547	570	549	488	462	423	415	326	351
Total equity	501	547	570	549	488	462	423	415	326	351
Total liabilities and equity	798	903	916	900	709	753	715	642	394	442
Shares outstanding	99.8	105	106	107	108	109	111	112	112	90.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-40.7	-6.15	32.3	-12.9	-80.7	-25.5	-20.8	14.5	-150	38.9
Depreciation and amortization	38	39.8	45.9	47.1	45.3	42.2	38.6	31.4	27.5	25.5
Stock-based compensation	12.1	10.8	10.4	11.6	6.58	7.93	6.86	6.64	5.25	5.53
Deferred income tax	3.35	-5.73	0.24	-4.25	-18.9	-1.21	-0.41	1.04	-13.1	11.2
Change in receivables	-1.7	-94.3	-7.39	40.2	71	-61.3	-42.5	64.8	-28	-3.92
Change in inventory	16	-15.1	-30.4	0.7	39.9	-10.3	-46.9	2.26	9.75	3.38
Change in payables	-5.21	14.2	2.45	-8.32	-29.5	36.3	10.8	-25.1	12.5	-2.58
Cash from operations	11.1	38.4	63.4	72.3	55.8	-3.01	-25	100	38.2	73
Capital expenditures	-38.4	-31.4	-45.1	-44.8	-15.8	-21.8	-28.3	-29.2	-43.5	-46.7
Acquisitions	-4.42	-44.8	-0.25	-18.7	0	-13.4	0	0	0	-42.4
Cash from investing	-38.3	-68.4	-55.8	-49.8	-3.4	-17.5	46.2	-5.69	8.26	-65.3
Stock issued	0.7	2.6	3.9	1.3				0.6	0.1	1.5
Share buybacks	-1.23	-3.24	-3.87	-21.7	-0.33	-1.45	-20.2	-34.3	-4.51	-22.7
Cash from financing	-0.65	-2.29	-4.51	-29.5	-77.9	21.4	-24.9	-81	-66.9	-20.9
Exchange rate effect	-1.45	2.44	-4.33	-0.4	-0.97	-1.78	-0.71	0.58	-0.21	0.18
Net change in cash	-29.3	-29.8	-1.19	-7.4	-26.5	-0.86	-4.43	13.8	-20.7	-13.1
Free cash flow	-27.3	7.01	18.3	27.5	40	-24.8	-53.3	70.8	-5.36	26.3
Interest paid	8.8	8.72	8.74	8.72	6.05	5.34	5.95	7.77	4.52
Income taxes paid	-20.7	-20.4	15.6	12.2	6.35	6.91	9.06	8.9	9.8	0.21

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.72 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	35.8%	Gross profit / revenue.
Operating margin	17.3%	Operating income / revenue.
EBITDA margin	27.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	17.1%	Pre-tax income / revenue.
Net margin	14.2%	Net income / revenue.
FCF margin	9.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	28.5%	Cash from operations / revenue.
Effective tax rate	23.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	11.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	9.5%	Net income / average total assets.
Return on invested capital (ROIC)	10.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	18.6%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	2.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	19.3%	Capital expenditures / revenue.
D&A / revenue	10.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	27.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	12.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-10.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	30.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	18.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	39.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	44.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	92.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	20.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	17.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	91.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	5.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-8.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-6.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	12.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-14.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-9.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.61x	Current assets / current liabilities.
Quick ratio	1.22x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.16x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.03x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	2.3%	Total debt / total assets.
Liabilities / assets	17.4%	Total liabilities / total assets.
Net debt	$2.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.03x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$32.3M	Current assets - current liabilities.
Goodwill and intangibles / assets	16.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$295.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.67x	Revenue / average total assets.
Fixed asset turnover	1.20x	Revenue / average property, plant and equipment.
Inventory turnover	16.8x	Cost of revenue / average inventory.
Days inventory	22 days	365 x average inventory / cost of revenue.
Receivables turnover	5.36x	Revenue / average receivables.
Days sales outstanding	68 days	365 x average receivables / revenue.
Days payables	44 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	46 days	Days inventory + days sales outstanding - days payables.
FCF conversion	64.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	67.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.50	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$3.50	Revenue / diluted weighted shares.
FCF per share	$0.32	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.00	Cash from operations / diluted weighted shares.
Book value per share	$4.33	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$3.44	Tangible book value / shares outstanding.
Cash per share	$0.10	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	33.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$995.1M	Share price x shares outstanding.
Enterprise value	$997.4M	Market cap + total debt - cash - short-term investments.
P/E	23.3x	Market cap / net income. Only when net income is positive.
P/S	3.31x	Market cap / revenue.
P/B	2.68x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.37x	Market cap / tangible book value, when positive.
P/FCF	36.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.6x	Market cap / cash from operations, when positive.
EV/Sales	3.32x	Enterprise value / revenue.
EV/EBIT	19.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	12.1x	Enterprise value / EBITDA, when both are positive.
EV/FCF	36.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.8%	Free cash flow / market cap.
Earnings yield	4.3%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.9%	(Dividends paid + share buybacks) / market cap.

What was NPK International Inc.'s revenue in fiscal 2025?

NPK International Inc. reported revenue of $277.0M for fiscal 2025, 27.4% higher than the year before.

Was NPK International Inc. profitable in fiscal 2025?

Yes. Net income was $38.9M, a net margin of 14.1%.

How much free cash flow did NPK International Inc. generate in fiscal 2025?

Cash from operations of $73.0M minus capital expenditures of $46.7M left free cash flow of $26.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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