A Business at a Glance
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NPK International Inc.
NPKI
$1.2B
Mkt Cap
$14.35
-0.97%
NPK International Inc. (NPKI) has a current P/E ratio of 31.9, compared to its historical median P/E of 26.9. The stock is currently considered Fair based on its historical valuation range.
NPK International Inc. (NPKI) has a 5-year average return on invested capital (ROIC) of 3.5%. This is below average and may indicate limited pricing power.
NPK International Inc. (NPKI) has a market capitalization of $1.3B. It is classified as a small-cap stock.
NPK International Inc. (NPKI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.13%.
Based on historical P/E analysis, NPK International Inc. (NPKI) appears fair. The current P/E of 31.9 is 18% above its historical median of 26.9. The estimated fair value CAGR (P/E method) is 6.2%.
NPK International Inc. (NPKI) operates in the Services-Miscellaneous Equipment Rental & Leasing industry, within the Industrials sector.
NPK International Inc. (NPKI) reported annual revenue of $277 million in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. Business NPK International Inc. is a temporary worksite access solutions company that manufactures, sells, and rents recyclable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. In 2025, 66% of our revenues were generated from the rental of our recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction and other industries within the United States and United Kingdom. The remaining 34% of our 2025 revenues were generated from the sale of our manufactured recyclable composite mats to customers around the world, with power transmission being the primary end market. NPK International Inc., formerly known as Newpark Resources, Inc., was organized in 1932 as a Nevada corporation.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 287M | 277M | 217M | 208M | 193M | 615M |
| Net Income | 39M | 39M | -150M | 15M | -21M | -26M |
| EPS | $0.41 | $0.45 | $-1.72 | $0.16 | $-0.22 | $-0.28 |
| Free Cash Flow | 32M | 26M | -5.4M | 71M | -53M | -25M |
| ROIC | 10.1% | 10.2% | 8.0% | 3.1% | 0.7% | -4.8% |
| Gross Margin | - | 36.4% | 35.5% | 34.9% | 31.1% | 13.9% |
| Debt/Equity | 0.03 | 0.08 | 0.06 | 0.18 | 0.38 | 0.35 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 48M | 47M | 32M | 23M | 6.5M | -8.8M |
| Operating Margin | 16.6% | 16.9% | 14.9% | 11.0% | 3.4% | -1.4% |
| ROE | 10.9% | 11.5% | -40.5% | 3.5% | -4.7% | -5.4% |
| Shares Outstanding | 90M | 87M | 87M | 91M | 95M | 91M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.1B | 677M | 471M | 748M | 947M | 820M | 493M | 615M | 193M | 208M | 217M | 277M | 287M |
| Gross Margin | 21.6% | 11.5% | 7.1% | 18.7% | 19.0% | 16.5% | 3.9% | 13.9% | 31.1% | 34.9% | 35.5% | 36.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 113M | 101M | 88M | 109M | 115M | 113M | 87M | 94M | 49M | 51M | 46M | 54M | 55M |
| EBIT | 131M | -99M | -57M | 31M | 64M | 10M | -79M | -8.8M | 6.5M | 23M | 32M | 47M | 48M |
| Op. Margin | 11.7% | -14.6% | -12.1% | 4.2% | 6.7% | 1.3% | -16.0% | -1.4% | 3.4% | 11.0% | 14.9% | 16.9% | 16.6% |
| Net Income | 102M | -91M | -41M | -6.1M | 32M | -13M | -81M | -26M | -21M | 15M | -150M | 39M | 39M |
| Net Margin | 9.1% | -13.4% | -8.6% | -0.8% | 3.4% | -1.6% | -16.4% | -4.2% | -10.8% | 7.0% | -69.1% | 14.1% | 13.7% |
| Non-Recurring | 1.4M | 80M | 10M | 5.5M | 1.8M | 45M | 26M | 7.2M | 43M | 9.3M | 4.3M | 1.9M | 1.9M |
| Returns on Capital | |||||||||||||
| ROIC | 12.1% | -12.2% | -6.4% | 3.4% | 6.5% | 1.5% | -13.3% | -4.8% | 0.7% | 3.1% | 8.0% | 10.2% | 10.1% |
| ROE | 17.0% | -15.9% | -8.0% | -1.2% | 5.8% | -2.3% | -15.6% | -5.4% | -4.7% | 3.5% | -40.5% | 11.5% | 10.9% |
| ROA | 10.4% | -9.8% | -4.9% | -0.7% | 3.6% | -1.4% | -10.0% | -3.5% | -2.8% | 2.1% | -29.0% | 9.3% | 9.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 89M | 122M | 11M | 38M | 63M | 72M | 56M | -3.0M | -25M | 100M | 38M | 73M | 85M |
| Free Cash Flow | -18M | 52M | -27M | 7.0M | 18M | 27M | 40M | -25M | -53M | 71M | -5.4M | 26M | 32M |
| Owner Earnings | 35M | 63M | -39M | -12M | 7.1M | 14M | 3.9M | -53M | -70M | 62M | 5.4M | 42M | 51M |
| CapEx | 107M | 69M | 38M | 31M | 45M | 45M | 16M | 22M | 28M | 29M | 44M | 47M | 53M |
| Maint. CapEx | 42M | 44M | 38M | 40M | 46M | 47M | 45M | 42M | 39M | 31M | 28M | 26M | 28M |
| Growth CapEx | 65M | 25M | 485K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16M | 21M | 25M |
| D&A | 42M | 44M | 38M | 40M | 46M | 47M | 45M | 42M | 39M | 31M | 28M | 26M | 28M |
| CapEx/OCF | 120.0% | 57.1% | 346.5% | 81.7% | 71.2% | 62.0% | 28.3% | N/A | N/A | 29.2% | 114.0% | 63.9% | 62.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 53M | 2.3M | 1.2M | 3.2M | 3.9M | 22M | 333K | 1.4M | 20M | 34M | 4.5M | 23M | 15M |
| Buyback Yield | 5.8% | 0.5% | 0.2% | 0.4% | 0.6% | 3.9% | 0.2% | 0.5% | 5.5% | 5.6% | 0.7% | 2.2% | 1.1% |
| Stock-Based Comp | 12M | 14M | 12M | 11M | 10M | 12M | 6.6M | 7.9M | 6.9M | 6.6M | 5.2M | 5.5M | 6.1M |
| Debt Repayment | 55K | 2.0M | 87M | 955K | 149K | 1.2M | 0 | 39M | 1.5M | 0 | 50K | 1.2M | 1.2M |
| Balance Sheet | |||||||||||||
| Net Debt | 97M | 79M | 152M | 106M | 108M | 151M | 162M | 139M | 162M | 74M | 3.0M | 24M | 4.0M |
| Cash & Equiv. | 85M | 107M | 88M | 56M | 56M | 49M | 24M | 24M | 86K | 789K | 18M | 5.1M | 6.5M |
| Long-Term Debt | 170M | 171M | 73M | 159M | 159M | 154M | 20M | 96M | 92M | 56M | 4.8M | 12M | 5.7M |
| Debt/Equity | 0.29 | 0.36 | 0.48 | 0.30 | 0.29 | 0.36 | 0.38 | 0.35 | 0.38 | 0.18 | 0.06 | 0.08 | 0.03 |
| Interest Coverage | 12.6 | -10.9 | -5.8 | 2.4 | 4.3 | 0.7 | -7.1 | -1.0 | 0.9 | 2.8 | 12.4 | N/A | N/A |
| Equity | 625M | 520M | 501M | 547M | 570M | 549M | 488M | 462M | 423M | 415M | 326M | 351M | 360M |
| Total Assets | 1.0B | 849M | 798M | 903M | 916M | 900M | 709M | 753M | 715M | 642M | 394M | 442M | 438M |
| Total Liabilities | 382M | 329M | 298M | 355M | 346M | 351M | 221M | 291M | 292M | 227M | 67M | 91M | 78M |
| Intangibles | 16M | 11M | 6.1M | 30M | 25M | 30M | 25M | 25M | 20M | 12M | 10M | 21M | 20M |
| Retained Earnings | 263M | 172M | 130M | 123M | 149M | 134M | 51M | 24M | 2.5M | 11M | -139M | -101M | -90M |
| Working Capital | 440M | 381M | 283M | 347M | 381M | 350M | 175M | 238M | 263M | 221M | 68M | 24M | 30M |
| Current Assets | 613M | 506M | 463M | 505M | 523M | 479M | 328M | 389M | 426M | 357M | 113M | 81M | 82M |
| Current Liabilities | 173M | 125M | 180M | 158M | 142M | 129M | 154M | 150M | 163M | 136M | 45M | 57M | 52M |
| Per Share Data | |||||||||||||
| EPS | 1.07 | -1.10 | -0.49 | -0.07 | 0.35 | -0.14 | -0.89 | -0.28 | -0.22 | 0.16 | -1.72 | 0.45 | 0.41 |
| Owner EPS | 0.36 | 0.77 | -0.47 | -0.14 | 0.08 | 0.15 | 0.04 | -0.58 | -0.74 | 0.68 | 0.06 | 0.48 | 0.57 |
| Book Value | 6.54 | 6.30 | 6.02 | 6.23 | 6.18 | 5.93 | 5.38 | 5.07 | 4.47 | 4.58 | 3.74 | 4.06 | 4.00 |
| Cash Flow/Share | 0.93 | 1.47 | 0.13 | 0.44 | 0.69 | 0.78 | 0.62 | -0.03 | -0.26 | 1.10 | 0.44 | 0.84 | 0.75 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 95.6M | 82.6M | 83.1M | 87.8M | 92.2M | 92.5M | 90.7M | 91.2M | 94.7M | 90.7M | 87.4M | 86.5M | 90.0M |
| Valuation | |||||||||||||
| P/E Ratio | 9.0 | N/A | N/A | N/A | 19.7 | N/A | N/A | N/A | N/A | 41.9 | N/A | 26.9 | 35.3 |
| P/FCF | N/A | 8.6 | N/A | 106.5 | 34.8 | 20.5 | 4.4 | N/A | N/A | 8.6 | N/A | 39.9 | 40.4 |
| EV/EBIT | 7.1 | N/A | N/A | 25.3 | 10.8 | 60.7 | N/A | N/A | N/A | 29.4 | 19.1 | 22.7 | 27.2 |
| Price/Book | 1.5 | 0.9 | 1.3 | 1.4 | 1.1 | 1.0 | 0.4 | 0.6 | 0.9 | 1.5 | 2.0 | 3.0 | 3.6 |
| Price/Sales | 1.0 | 0.9 | 5.9 | 1.0 | 0.9 | 0.8 | 0.4 | 0.5 | 0.4 | 2.3 | 2.9 | 2.8 | 4.5 |
| FCF Yield | -1.9% | 11.7% | -4.3% | 0.9% | 2.9% | 4.9% | 22.6% | -9.1% | -14.6% | 11.6% | -0.8% | 2.5% | 2.5% |
| Market Cap | 919M | 446M | 640M | 747M | 636M | 562M | 177M | 272M | 366M | 608M | 642M | 1.0B | 1.3B |
| Avg. Price | 11.54 | 7.78 | 5.75 | 8.13 | 9.33 | 7.46 | 2.18 | 3.11 | 3.52 | 5.29 | 7.32 | 8.98 | 14.35 |
| Year-End Price | 9.61 | 5.40 | 7.70 | 8.50 | 6.90 | 6.08 | 1.95 | 2.98 | 3.86 | 6.70 | 7.35 | 12.12 | 14.35 |
NPK International Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
NPK International Inc. trades at 31.9x trailing earnings, compared to its 15-year median P/E of 26.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 46.1x vs a median of 20.5x. The company's 5-year average ROIC is 3.5% with a gross margin of 30.3%. Total shareholder yield (buybacks) is 1.1%. At current prices, the estimated annualized return to fair value is +4.4%.
NPK International Inc. (NPKI) has a net profit margin of 14.1%. This is a healthy margin.
NPK International Inc. (NPKI) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NPK International Inc. (NPKI) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
NPK International Inc. (NPKI) reported earnings per share (EPS) of $0.45 in its most recent fiscal year.
NPK International Inc. (NPKI) has a return on equity (ROE) of 11.5%. This indicates moderate shareholder returns.
NPK International Inc. (NPKI) has a 5-year average gross margin of 30.3%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for NPK International Inc. (NPKI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NPK International Inc. (NPKI) has a book value per share of $4.06, based on its most recent annual SEC filing.