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NPK International Inc.
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$1.1B
Market Cap
26.5
P/E
1.62
PEG
10.3%
ROCE
10.6%
ROE
0.08
D/E
17.3%
OPM
-18.9%
% from 52W High
58
α RS
🔍 NPKI is showing a notable setup because it matches 2 of 39 tracked screener presets and Sector RRG has Industrials in the Improving quadrant with the trail still strengthening. Net: Partial signal stack, not a recommendation. ? Conviction RRG
Sources
Conviction 2/39 · Industrials in Improving quadrant
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🌏 Global Investor Returns
Currency-adjusted total returns for NPKI including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

NPK International Inc., a temporary worksite access solutions company, manufactures, sells, and rents recyclable composite matting products in the United States and United Kingdom. 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..

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding NPKI
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 362.2K $5.2M 0.01% Mar 2026
Steve Cohen Point72 Asset Management 304.2K $4.4M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED NPK International posts record rental revenue of $52M, raises FY2026 guidance to $310-$325M.
Revenue & Profitability
Q1 2026 total revenues of approximately $75 million ($52M rental/service + $23M product sales). Adjusted EBITDA was $22 million, up 14% year-over-year. Gross margin was 36.2%. Adjusted EPS was $0.12 per diluted share. Cash flow from operations was $21 million, and free cash flow was $5 million. FY2026 guidance raised: total revenues $310-$325 million, adjusted EBITDA $92-$102 million.
Outlook
Management remains highly constructive on utility and critical infrastructure spending, with customers optimistic on both near- and long-term outlooks. The company expects double-digit organic rental revenue growth in 2026. No meaningful impact from the Middle East conflict has been observed to date.
Growth Drivers
Key growth drivers include the utility sector (especially transmission projects), geographic expansion in the U.S. and U.K., and market share gains from wood-to-composite matting conversion. The Grassform acquisition contributed to U.K. growth. Rental fleet is expected to grow by a low to mid-teens percentage in 2026.
Balance Sheet & CapEx
Total net CapEx for 2026 is expected to be $75-$90 million, including $30-$35 million for a manufacturing expansion project (50% capacity increase, $40-$45 million over five quarters, online by mid-2027) and $35-$45 million for rental fleet expansion.
Margins
Q1 2026 gross margin was 36.2%, down from 37.7% in Q4 and 39% a year ago, due to lower early-quarter utilization and cross-rental costs. Q2 gross margin is expected to be roughly in line with the prior year's Q2. SG&A is expected to stay near $13 million quarterly, with a focus on improving SG&A as a percentage of revenue.
Key Risks
Risks flagged include the impact of the Middle East conflict on supply chains and diesel costs, cross-rental costs affecting margins, and timing variability of large-scale projects. Management is diversifying raw material suppliers to mitigate short-term cost movements.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Q2 revenue rose 20% year-over-year to $82 million, with record rental and service revenues and a 37% increase in adjusted EBITDA. Full-year guidance was raised, supported by strong utility demand, manufacturing expansion, and robust U.S. and U.K. market performance.
Q1 2026 Q1 2026 2026-05-01
Record Q1 rental and service revenues rose 20% year-over-year, with adjusted EBITDA up 14%. Full-year 2026 guidance was raised, reflecting strong utility demand and a major manufacturing expansion. Ample liquidity supports continued fleet growth and share repurchases.
Q4 2025 Q4 2025 2026-02-26
Record 2025 results featured 27% revenue growth and 38% higher Adjusted EBITDA, driven by strong rental and product sales, strategic acquisition, and operational efficiencies. 2026 guidance anticipates 14% revenue and 25% Adjusted EBITDA growth, with investments focused on fleet and capacity expansion.
Q3 2025 Q3 2025 2025-10-31
Q3 2025 saw 56% year-over-year revenue growth, record rental fleet utilization, and robust product sales, despite margin pressure from elevated transportation costs. Full-year guidance was raised, with double-digit growth expected into 2026, supported by ongoing fleet and capacity expansion.
Q2 2025 Q2 2025 2025-08-06
Second quarter revenues grew 5% sequentially to $68 million, with rental revenues up 34% year-over-year and product sales remaining robust. Full-year 2025 guidance was raised, reflecting strong demand in utilities and infrastructure, ongoing fleet expansion, and continued share repurchases.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

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Information Sources:
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