NPKI · NYSE · Industrials
NPK International Inc. (NPKI) — Rank #306 by gross profitability (GP/assets 0.22) · ROE 10.5% · Piotroski F-Score 7 / 9.
As-of 2026-10-30 · CIK 0000071829 · all metrics point-in-time as of the filing date.
About
NPK International Inc., a temporary worksite access solutions company, manufactures, sells, and rents recyclable composite matting products in the United States and the United Kingdom.
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The company engages in the installation and rental of matting systems, and 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. It also offers recyclable composite mats to customers worldwide; and access road construction, site planning and preparation, environmental protection, erosion control, and site restoration services. The company was formerly known as Newpark Resources, Inc. and changed its name to NPK International Inc. in December 2024.
The company was founded in 1932 and is headquartered in The Woodlands, Texas.
- Industry
- Building Products & Equipment
- Sector
- Industrials
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- npki.com
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
510
Industry
Building Products & Equipment
Exchange
NYSE
12/12
Flags passed
NPKI passes 12/12 quality flags
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating · Operating leverage expanding · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passRevenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 15th percentile of 96 SIC 73 peers
Gross profitability (GP / assets)
0.22
Primary signal (Novy-Marx).
15th pctl of 96 SIC 73 peers
Return on equity
10.5%
Gross margin
36.4%
13th pctl of 95 SIC 73 peers
Revenue growth (YoY)
27.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
12.8%
Revenue CAGR (5Y)
-10.9%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 32% below net income
Free cash flow
$26.32M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
-32.4%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
2.0%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $2.21M, F-Score 7/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.21
88th pctl of 87 SIC 73 peers (best = lowest)
Current ratio
1.61×
35th pctl of 95 SIC 73 peers
Quick ratio
1.22×
Net cash
-$2.21M
Cash & equivalents minus total debt.
Piotroski F-Score
7 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
2.7 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports