Npk International Inc. (NPKI)
NYSE:NPKI
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NPK International
(NYSE:NPKI)
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Rating:74Outperform
Price Target:
$17.00
▲(15.65% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by strong financial health (low leverage, improved profitability and cash generation) and supportive management outlook with raised 2026 guidance. These positives are tempered by a higher valuation (P/E ~29) and only moderate technical momentum, plus near-term margin and free-cash-flow pressure risk from elevated, front-loaded CapEx.
Positive Factors
Conservative Balance Sheet
Extremely low leverage and a sizable equity base give the company durable financial flexibility to fund capex, absorb cyclical downturns, and pursue acquisitions without stressing liquidity, supporting stability across infrastructure cycles.
Negative Factors
Cyclicality & Earnings Volatility
The business shows meaningful year-to-year earnings volatility and prior net losses, reflecting sensitivity to project timing and end-market cycles; this structural cyclicality can disrupt cash conversion and make sustained margins unpredictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Extremely low leverage and a sizable equity base give the company durable financial flexibility to fund capex, absorb cyclical downturns, and pursue acquisitions without stressing liquidity, supporting stability across infrastructure cycles.
Read all positive factors
NPK International (NPKI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.25B
Dividend YieldN/A
Average Volume (3M)872.72K
Price to Earnings (P/E)35.2
Beta (1Y)1.14
Revenue Growth-16.84%
EPS Growth-24.97%
CountryUS
Employees460
SectorIndustrials
Sector Strength72
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.42
Shares Outstanding84,447,040
10 Day Avg. Volume928,946
30 Day Avg. Volume872,718
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)2.88
Price to Sales (P/S)3.65
P/FCF Ratio38.42
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue4.39
Enterprise Value/Gross Profit12.54
Enterprise Value/Ebitda16.60
Forecast
1Y Price Target
$20.33Price Target Upside38.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.53
Revenue Forecast (FY)$317.21M
NPK International Business Overview & Revenue Model
Company Description
NPK International Inc. specializes in supplying products, rental equipment, and diverse services, primarily catering to the exploration and production (E&P) sector of the oil and natural gas industry. The company operates through two distinct divi...
How the Company Makes Money
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NPK International Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call emphasized a solid operational quarter with record rental and service revenues, improved adjusted EBITDA, strong operating cash flow, a clear growth plan (including a board‑approved 50% manufacturing capacity expansion) and raised full‑year guidance. Key challenges include gross margin compression driven by lower early‑quarter utilization and cross‑rental costs, a modest YoY increase in SG&A, flat adjusted EPS, and sizeable, front‑loaded capital spending. Management expressed confidence in market demand, liquidity, and the long‑term benefits of the capacity investments while acknowledging timing and supply risks.Positive Updates
Record Rental & Service Revenues
Total rental and service revenues reached a quarterly record of $52.0M, up 4% sequentially and 20% year-over-year; rental revenues grew 27% YoY (including a $4M contribution from the Grassform acquisition).
Negative Updates
Gross Margin Compression
Q1 gross margin was 36.2%, down from 37.7% sequentially (a 1.5 percentage-point decline) and down from 39.0% YoY (a 2.8 percentage-point decline), driven by lower rental fleet utilization early in the quarter and ongoing cross-rental costs.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Rental & Service Revenues
Total rental and service revenues reached a quarterly record of $52.0M, up 4% sequentially and 20% year-over-year; rental revenues grew 27% YoY (including a $4M contribution from the Grassform acquisition).
Read all positive updates
Company Guidance
Management raised full‑year 2026 guidance to revenues of $310–$325 million and adjusted EBITDA of $92–$102 million (midpoint implying ~15% revenue growth and ~28% EBITDA growth vs. 2025). They expect total net CapEx of $75–$90 million for 2026, including $30–$35 million of 2026 spend toward a $40–$45 million manufacturing expansion that should boost production capacity ~50% by mid‑2027, plus $35–$45 million targeted for rental fleet expansion to grow the DuraBase fleet by a low‑ to mid‑teens percentage. Near‑term, Q2 rental and service revenues are expected to rise ~20% year‑over‑year, product sales and Q2 gross margin should be roughly in line with prior Q2, SG&A is anticipated near ~$13 million per quarter, and the effective tax rate is expected to remain around the Q1 level (~26%) supported by roughly $40 million of NOLs and tax credits.NPK International Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
85
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 287.34M | 277.04M | 217.49M | 207.65M | 192.99M | 614.78M |
| Gross Profit | 100.60M | 98.75M | 77.13M | 72.55M | 59.99M | 85.23M |
| EBITDA | 76.05M | 73.20M | 59.01M | 55.20M | 43.87M | 32.80M |
| Net Income | 35.51M | 35.95M | -150.26M | 14.52M | -20.83M | -25.53M |
Balance Sheet | ||||||
| Total Assets | 437.89M | 441.76M | 393.68M | 642.34M | 714.88M | 752.89M |
| Cash, Cash Equivalents and Short-Term Investments | 6.54M | 5.14M | 17.76M | 789.00K | 23.18M | 24.09M |
| Total Debt | 19.61M | 36.62M | 18.62M | 72.74M | 133.93M | 137.16M |
| Total Liabilities | 78.11M | 90.60M | 67.19M | 226.97M | 291.85M | 290.50M |
| Stockholders Equity | 359.78M | 351.16M | 326.50M | 415.36M | 423.03M | 462.39M |
Cash Flow | ||||||
| Free Cash Flow | 31.93M | 26.32M | -5.36M | 70.77M | -53.29M | -24.81M |
| Operating Cash Flow | 85.27M | 72.99M | 38.17M | 100.00M | -25.02M | -3.01M |
| Investing Cash Flow | -81.45M | -65.32M | 8.26M | -5.69M | 46.23M | -17.48M |
| Financing Cash Flow | -18.19M | -20.95M | -66.88M | -81.05M | -24.93M | 21.41M |
NPK International Technical Analysis
Positive
14.70
Price Trends
15.06
Negative
14.59
Positive
13.31
Positive
Market Momentum
-0.11
Negative
48.47
Neutral
52.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NPKI, the sentiment is Positive. The current price of 14.7 is below the 20-day moving average (MA) of 14.90, below the 50-day MA of 15.06, and above the 200-day MA of 13.31, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 48.47 is Neutral, neither overbought nor oversold. The STOCH value of 52.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NPKI.
NPK International Risk Analysis
NPK International disclosed 29 risk factors in its most recent earnings report. NPK International reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NPK International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $2.63B | 38.94 | 6.70% | ― | 8.99% | -19.14% | |
74 Outperform | $1.25B | 35.16 | 10.34% | ― | -16.84% | -24.97% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $1.40B | 94.35 | 0.91% | ― | -2.91% | -82.51% | |
58 Neutral | $1.53B | 70.94 | 1.91% | 2.94% | 27.62% | -73.36% | |
57 Neutral | $1.38B | 187.65 | 2.51% | ― | 4.09% | -93.54% |
* Industrials Sector Average
NPKI
NPK International
14.79
6.19
71.98%
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NPK International Corporate Events
Executive/Board ChangesShareholder Meetings
NPK International Shareholders Back Board, Pay and Auditor
Positive
May 20, 2026
At its 2026 Annual Meeting of Stockholders on May 20, 2026, NPK International Inc. shareholders elected seven director nominees, including Joseph A. Cutillo and Rose M. Robeson, to serve on the board until the 2027 annual meeting. The voting resul...
Business Operations and StrategyFinancial Disclosures
NPK International Highlights Growth in May 2026 Presentation
Positive
May 1, 2026
NPK International Inc. operates as a specialty rental and services company focused on temporary worksite access solutions for power and infrastructure markets. It manufactures, sells, and rents recyclable composite matting products, led by its DUR...
Business Operations and StrategyFinancial Disclosures
NPK International Reports Strong 2025 Growth and Profitability
Positive
Feb 26, 2026
NPK International Inc. is a specialty rental and services company focused on temporary worksite access solutions for power transmission, oil and gas, pipeline, rail and other infrastructure markets. It manufactures, sells and rents DURA-BASE compo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.