NL INDUSTRIES (NL) Stock Fundamental Analysis

NYSE:NL • US6291564077

6.43 USD
+0.19 (+3.04%)
At close: Feb 25, 2026
6.3 USD
-0.13 (-2.02%)
After Hours: 2/25/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall NL gets a fundamental rating of 5 out of 10. We evaluated NL against 80 industry peers in the Commercial Services & Supplies industry. NL is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. NL has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • NL had positive earnings in the past year.
  • NL had a negative operating cash flow in the past year.
  • NL had positive earnings in 4 of the past 5 years.
  • NL had a positive operating cash flow in each of the past 5 years.
NL Yearly Net Income VS EBIT VS OCF VS FCFNL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

  • NL has a Return On Assets (1.94%) which is comparable to the rest of the industry.
  • NL's Return On Equity of 2.58% is in line compared to the rest of the industry. NL outperforms 56.25% of its industry peers.
  • The Return On Invested Capital of NL (4.10%) is comparable to the rest of the industry.
  • NL had an Average Return On Invested Capital over the past 3 years of 2.83%. This is significantly below the industry average of 10.62%.
  • The 3 year average ROIC (2.83%) for NL is below the current ROIC(4.10%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.94%
ROE 2.58%
ROIC 4.1%
ROA(3y)5.59%
ROA(5y)5.61%
ROE(3y)8.39%
ROE(5y)8.8%
ROIC(3y)2.83%
ROIC(5y)2.22%
NL Yearly ROA, ROE, ROICNL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

  • NL's Profit Margin of 6.10% is fine compared to the rest of the industry. NL outperforms 71.25% of its industry peers.
  • NL's Profit Margin has improved in the last couple of years.
  • The Operating Margin of NL (14.43%) is better than 85.00% of its industry peers.
  • In the last couple of years the Operating Margin of NL has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 29.65%, NL is in line with its industry, outperforming 46.25% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NL has declined.
Industry RankSector Rank
OM 14.43%
PM (TTM) 6.1%
GM 29.65%
OM growth 3Y12.25%
OM growth 5Y-0.9%
PM growth 3Y8.2%
PM growth 5Y17.27%
GM growth 3Y-2.23%
GM growth 5Y-2.03%
NL Yearly Profit, Operating, Gross MarginsNL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • NL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, NL has about the same amount of shares outstanding.
  • The number of shares outstanding for NL remains at a similar level compared to 5 years ago.
  • Compared to 1 year ago, NL has an improved debt to assets ratio.
NL Yearly Shares OutstandingNL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
NL Yearly Total Debt VS Total AssetsNL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • NL has an Altman-Z score of 3.07. This indicates that NL is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of NL (3.07) is better than 70.00% of its industry peers.
  • A Debt/Equity ratio of 0.00 indicates that NL is not too dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.00, NL belongs to the best of the industry, outperforming 86.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 3.07
ROIC/WACC0.47
WACC8.68%
NL Yearly LT Debt VS Equity VS FCFNL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

  • NL has a Current Ratio of 4.96. This indicates that NL is financially healthy and has no problem in meeting its short term obligations.
  • NL has a Current ratio of 4.96. This is amongst the best in the industry. NL outperforms 90.00% of its industry peers.
  • NL has a Quick Ratio of 4.08. This indicates that NL is financially healthy and has no problem in meeting its short term obligations.
  • NL's Quick ratio of 4.08 is amongst the best of the industry. NL outperforms 90.00% of its industry peers.
Industry RankSector Rank
Current Ratio 4.96
Quick Ratio 4.08
NL Yearly Current Assets VS Current LiabilitesNL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for NL have decreased strongly by -83.35% in the last year.
  • The Earnings Per Share has been growing by 21.03% on average over the past years. This is a very strong growth
  • Looking at the last year, NL shows a small growth in Revenue. The Revenue has grown by 5.52% in the last year.
  • Measured over the past years, NL shows a small growth in Revenue. The Revenue has been growing by 3.28% on average per year.
EPS 1Y (TTM)-83.35%
EPS 3Y9.44%
EPS 5Y21.03%
EPS Q2Q%-121.85%
Revenue 1Y (TTM)5.52%
Revenue growth 3Y1.2%
Revenue growth 5Y3.28%
Sales Q2Q%18.81%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.50% on average over the next years. This is quite good.
  • Based on estimates for the next years, NL will show a small growth in Revenue. The Revenue will grow by 2.47% on average per year.
EPS Next Y16.22%
EPS Next 2Y11.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.5%
Revenue Next 2Y2.47%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NL Yearly Revenue VS EstimatesNL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
NL Yearly EPS VS EstimatesNL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 1 1.5

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.48, which indicates a rather expensive current valuation of NL.
  • NL's Price/Earnings ratio is a bit cheaper when compared to the industry. NL is cheaper than 77.50% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of NL to the average of the S&P500 Index (27.05), we can say NL is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 6.79, the valuation of NL can be described as very cheap.
  • 96.25% of the companies in the same industry are more expensive than NL, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of NL to the average of the S&P500 Index (28.03), we can say NL is valued rather cheaply.
Industry RankSector Rank
PE 19.48
Fwd PE 6.79
NL Price Earnings VS Forward Price EarningsNL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NL is valued cheaper than 82.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.64
NL Per share dataNL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)0.93
EPS Next 2Y11.5%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.79%, NL is a good candidate for dividend investing.
  • NL's Dividend Yield is rather good when compared to the industry average which is at 0.80. NL pays more dividend than 98.75% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, NL pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.79%

5.2 History

  • NL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NL has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
NL Yearly Dividends per shareNL Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • 282.22% of the earnings are spent on dividend by NL. This is not a sustainable payout ratio.
DP282.22%
EPS Next 2Y11.5%
EPS Next 3YN/A
NL Yearly Income VS Free CF VS DividendNL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M
NL Dividend Payout.NL Dividend Payout, showing the Payout Ratio.NL Dividend Payout.PayoutRetained Earnings

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NL INDUSTRIES

NYSE:NL (2/25/2026, 8:04:00 PM)

After market: 6.3 -0.13 (-2.02%)

6.43

+0.19 (+3.04%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-06
Earnings (Next)03-09
Inst Owners12.6%
Inst Owner Change-1.34%
Ins Owners0.34%
Ins Owner Change0%
Market Cap314.17M
Revenue(TTM)159.00M
Net Income(TTM)9.70M
Analysts37.78
Price TargetN/A
Short Float %0.17%
Short Ratio1.49
Dividend
Industry RankSector Rank
Dividend Yield 5.79%
Yearly Dividend0.75
Dividend Growth(5Y)N/A
DP282.22%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-131.21%
Min EPS beat(2)-167.54%
Max EPS beat(2)-94.89%
EPS beat(4)1
Avg EPS beat(4)-60.1%
Min EPS beat(4)-167.54%
Max EPS beat(4)55.71%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 19.48
Fwd PE 6.79
P/S 1.98
P/FCF N/A
P/OCF N/A
P/B 0.84
P/tB 0.9
EV/EBITDA 7.64
EPS(TTM)0.33
EY5.13%
EPS(NY)0.95
Fwd EY14.74%
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)-0.48
OCFYN/A
SpS3.25
BVpS7.68
TBVpS7.13
PEG (NY)1.2
PEG (5Y)0.93
Graham Number7.55
Profitability
Industry RankSector Rank
ROA 1.94%
ROE 2.58%
ROCE 4.93%
ROIC 4.1%
ROICexc 5.25%
ROICexgc 5.68%
OM 14.43%
PM (TTM) 6.1%
GM 29.65%
FCFM N/A
ROA(3y)5.59%
ROA(5y)5.61%
ROE(3y)8.39%
ROE(5y)8.8%
ROIC(3y)2.83%
ROIC(5y)2.22%
ROICexc(3y)4.05%
ROICexc(5y)3.14%
ROICexgc(3y)4.37%
ROICexgc(5y)3.38%
ROCE(3y)3.41%
ROCE(5y)2.67%
ROICexgc growth 3Y24.57%
ROICexgc growth 5Y7%
ROICexc growth 3Y23.73%
ROICexc growth 5Y6.65%
OM growth 3Y12.25%
OM growth 5Y-0.9%
PM growth 3Y8.2%
PM growth 5Y17.27%
GM growth 3Y-2.23%
GM growth 5Y-2.03%
F-Score3
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0.02
Cap/Depr 91.71%
Cap/Sales 2.13%
Interest Coverage 43.12
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.96
Quick Ratio 4.08
Altman-Z 3.07
F-Score3
WACC8.68%
ROIC/WACC0.47
Cap/Depr(3y)53.25%
Cap/Depr(5y)62.47%
Cap/Sales(3y)1.3%
Cap/Sales(5y)1.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-83.35%
EPS 3Y9.44%
EPS 5Y21.03%
EPS Q2Q%-121.85%
EPS Next Y16.22%
EPS Next 2Y11.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.52%
Revenue growth 3Y1.2%
Revenue growth 5Y3.28%
Sales Q2Q%18.81%
Revenue Next Year2.5%
Revenue Next 2Y2.47%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y81.88%
EBIT growth 3Y13.6%
EBIT growth 5Y2.35%
EBIT Next Year62.5%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-193.87%
FCF growth 3Y21.38%
FCF growth 5Y-0.05%
OCF growth 1Y-178.36%
OCF growth 3Y13.26%
OCF growth 5Y-1.37%

NL INDUSTRIES / NL FAQ

What is the fundamental rating for NL stock?

ChartMill assigns a fundamental rating of 5 / 10 to NL.


What is the valuation status of NL INDUSTRIES (NL) stock?

ChartMill assigns a valuation rating of 5 / 10 to NL INDUSTRIES (NL). This can be considered as Fairly Valued.


What is the profitability of NL stock?

NL INDUSTRIES (NL) has a profitability rating of 5 / 10.


What are the PE and PB ratios of NL INDUSTRIES (NL) stock?

The Price/Earnings (PE) ratio for NL INDUSTRIES (NL) is 19.48 and the Price/Book (PB) ratio is 0.84.


Can you provide the dividend sustainability for NL stock?

The dividend rating of NL INDUSTRIES (NL) is 5 / 10 and the dividend payout ratio is 282.22%.