Compx International (CIX) AI Stock Analysis

• Market Cap: $279.73M
• Dividend Yield: 9.65%
• Average Volume (3M): 10.64K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.01
• Revenue Growth: 5.52%
• EPS Growth: 2.86%
• Country: US
• Employees: 510
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): 0.38
• Shares Outstanding: 12,323,057
• 10 Day Avg. Volume: 23,238
• 30 Day Avg. Volume: 10,639
• PEG Ratio: 0.86
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 1.81
• P/FCF Ratio: 14.99
• Enterprise Value/Market Cap: 0.81
• Enterprise Value/Revenue: 1.44
• Enterprise Value/Gross Profit: 4.72
• Enterprise Value/Ebitda: 8.41
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $26.00 ▲(13.69% Upside)
• Action: Downgraded Date: 03/10/26
• Date: Action: Downgraded 03/10/26

The score is driven primarily by solid underlying profitability and a very conservative, debt-free balance sheet, plus supportive valuation with a high dividend yield. Offsetting these positives are elevated near-term risks from the sharp TTM revenue contraction and the TTM cash flow metrics showing a drop to zero, while technical trend signals are unavailable.

Positive Factors

Debt-free Balance Sheet

Zero reported debt and a sizable equity base provide durable financial flexibility. With ROE in the low‑to‑mid teens, CompX can fund operations, dividends, or opportunistic investments without adding leverage, improving resilience to industry cycles and shocks.

Sustained Profitability & Margins

Stable net and EBIT margins near historical levels show structural operating efficiency. Consistent margin performance supports ongoing profitability despite revenue volatility, bolstering long‑term cash generation and the capacity to absorb cyclical downturns while funding core operations.

Historically Strong Cash Conversion

Prior periods showed high‑quality earnings with operating cash flow covering net income, indicating reliable cash conversion when volumes are normal. This track record supports the company's ability to self‑fund capex and dividends without reliance on external debt in typical conditions.

Negative Factors

TTM Cash Flow Collapse

A TTM collapse to zero operating and free cash flow is a material structural concern. If this persists beyond timing effects, dividend funding, reinvestment and working capital needs may require external financing or asset dispositions, constraining strategic options for months.

Multi-year Revenue Weakness

Sustained multi‑year top‑line decline and a sharp TTM drop indicate demand loss or market share erosion. Prolonged revenue contraction reduces scale economics, pressures margins, and limits capacity to invest in growth or product development absent a durable recovery or successful market diversification.

Eroding Asset/Equity Base

A shrinking equity and asset base over several years can reflect distributions or weaker operating results. Reduced assets diminish balance sheet optionality, limiting the company's ability to invest, pursue M&A, or absorb shocks, and may signal structural constraints on medium‑term growth.

Compx International Business Overview & Revenue Model

Company Description

CompX International Inc. manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines. This segment serves recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, and other industries. The Marine Components segment manufactures and distributes stainless steel exhaust headers, exhaust pipes, mufflers, and other exhaust components; gauges, such as GPS speedometers and tachometers; mechanical and electronic controls and throttles; wake enhancement systems, trim tabs, steering wheels, and billet aluminum accessories; dash panels, LED indicators, and wire harnesses; and grab handles, pin cleats, and related hardware and accessories primarily for performance and ski/wakeboard boats for the recreational marine and other industries. The company sells its products directly to original equipment manufacturers, as well as through distributors. The company was incorporated in 1993 and is based in Dallas, Texas. CompX International Inc. is a subsidiary of NL Industries, Inc.

How the Company Makes Money

Compx International generates revenue primarily through the manufacturing and sale of security products and precision components. The company's key revenue streams include sales of locks and locking mechanisms used in office furniture and cabinetry, drawer slides, and performance marine components. Compx leverages its expertise in engineering and manufacturing to serve a broad customer base across different industries. Significant partnerships with furniture manufacturers and suppliers contribute to its earnings by providing a consistent demand for its products. Additionally, the company's focus on high-quality manufacturing and innovation in product development helps maintain its competitive edge and sustain its revenue streams.

Compx International Financial Statement Overview

Summary

Strong balance sheet with zero debt and healthy ROE supports financial flexibility, and profitability remains solid. However, the sharp TTM revenue decline and the TTM cash flow drop to zero introduce meaningful near-term uncertainty despite stronger prior-year cash generation.

Income Statement

Profitability remains solid, with TTM (Trailing-Twelve-Months) net margin around 12% and EBIT margin around 14%, broadly consistent with the last several years. However, growth is the key pressure point: revenue declined in each of the last three annual periods and fell sharply in TTM (Trailing-Twelve-Months) (about -45% revenue growth rate shown), which also coincides with somewhat lower margins versus 2022–2023 highs.

Balance Sheet

The balance sheet is very conservatively positioned with zero debt reported across periods and a sizable equity base. Returns on equity are healthy (low-to-mid teens in recent years, including ~13.6% in TTM (Trailing-Twelve-Months)), supporting the view that the company generates good earnings without leverage. The main watch item is the gradual decline in equity and assets from 2021–2024, which can reflect distribution of capital and/or softer business conditions.

Cash Flow

Cash generation was strong and high-quality in the annual reports from 2022–2024, with operating cash flow consistently covering net income and free cash flow close to net income. The major concern is TTM (Trailing-Twelve-Months) showing operating cash flow and free cash flow at zero, driving a -100% free cash flow growth reading; this introduces uncertainty around current-period cash conversion (whether timing-related or a genuine deterioration).

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	158.28M	145.94M	161.29M	166.56M	140.81M
Gross Profit	48.18M	41.36M	49.22M	48.80M	42.75M
EBITDA	26.26M	20.71M	29.41M	29.41M	24.36M
Net Income	19.48M	16.59M	22.59M	20.87M	16.57M
Balance Sheet
Total Assets	156.19M	163.04M	187.60M	177.39M	192.45M
Cash, Cash Equivalents and Short-Term Investments	54.10M	60.78M	76.75M	59.90M	76.58M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	17.56M	16.90M	18.75M	18.95M	19.36M
Stockholders Equity	138.63M	146.15M	168.85M	158.44M	173.09M
Cash Flow
Free Cash Flow	19.12M	21.51M	24.68M	13.20M	6.38M
Operating Cash Flow	22.87M	22.94M	25.81M	16.89M	10.47M
Investing Cash Flow	-2.45M	35.87M	1.15M	-31.10M	6.71M
Financing Cash Flow	-27.11M	-39.42M	-12.31M	-35.62M	-11.24M

Compx International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIX, the sentiment is Negative. The current price of 22.87 is below the 20-day moving average (MA) of 23.60, below the 50-day MA of 23.46, and below the 200-day MA of 23.18, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 41.74 is Neutral, neither overbought nor oversold. The STOCH value of 2.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CIX.

Compx International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRC	78 Outperform	$3.95B	21.28	16.60%	1.23%	11.20%	0.71%
NSSC	78 Outperform	$1.52B	27.53	27.45%	1.29%	-2.28%	-9.94%
CIX	67 Neutral	$279.73M	14.72	13.59%	9.65%	5.52%	2.86%
SNT	67 Neutral	$70.91M	28.93	12.02%	―	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MG	61 Neutral	$446.13M	23.60	7.67%	―	-3.20%	60.03%
NL	51 Neutral	$278.03M	-2.16	-9.89%	10.18%	5.51%	-83.40%

Compx International Corporate Events

Compx International Posts Mixed Q4 Results With Margin Gains

On March 4, 2026, CompX reported fourth quarter 2025 net sales of $37.7 million, slightly down from $38.4 million a year earlier, as weaker Security Products demand in the healthcare market offset stronger Marine Components sales into industrial channels. Despite the modest revenue dip, operating income rose to $5.6 million and net income edged up to $4.7 million, or $0.38 per share, aided by improved gross margins across both segments.

For full-year 2025, net sales climbed to $158.3 million from $145.9 million in 2024, with operating income up to $22.6 million and net income increasing to $19.5 million, or $1.58 per share. The gains were driven by higher Security Products sales to the government security market and stronger Marine Components demand in towboat, government and industrial markets, signaling continued margin strength and a favorable mix shift despite pockets of softness in healthcare-related security orders.

The most recent analyst rating on (CIX) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Compx International stock, see the CIX Stock Forecast page.