NL Industries Inc (NL) - Net Assets
Based on the latest financial reports, NL Industries Inc (NL) has net assets worth $393.27 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($500.20 Million) and total liabilities ($106.93 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NL Industries Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $393.27 Million |
| % of Total Assets | 78.62% |
| Annual Growth Rate | N/A |
| 5-Year Change | 24.02% |
| 10-Year Change | 151.68% |
| Growth Volatility | 55.11 |
NL Industries Inc - Net Assets Trend (1987–2024)
This chart illustrates how NL Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is NL Industries Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for NL Industries Inc (1987–2024)
The table below shows the annual net assets of NL Industries Inc from 1987 to 2024. For live valuation and market cap data, see NL Industries Inc (NL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $415.90 Million | +6.16% |
| 2023-12-31 | $391.76 Million | -2.73% |
| 2022-12-31 | $402.75 Million | +4.62% |
| 2021-12-31 | $384.97 Million | +14.80% |
| 2020-12-31 | $335.35 Million | +2.49% |
| 2019-12-31 | $327.21 Million | +7.79% |
| 2018-12-31 | $303.56 Million | -14.03% |
| 2017-12-31 | $353.08 Million | +81.75% |
| 2016-12-31 | $194.27 Million | +17.56% |
| 2015-12-31 | $165.25 Million | -34.28% |
| 2014-12-31 | $251.45 Million | -31.86% |
| 2013-12-31 | $369.00 Million | -4.92% |
| 2012-12-31 | $388.08 Million | -8.90% |
| 2011-12-31 | $425.99 Million | +61.45% |
| 2010-12-31 | $263.86 Million | +42.12% |
| 2009-12-31 | $185.66 Million | -7.28% |
| 2008-12-31 | $200.23 Million | -23.23% |
| 2007-12-31 | $260.83 Million | -11.26% |
| 2006-12-31 | $293.93 Million | +10.79% |
| 2005-12-31 | $265.31 Million | -23.30% |
| 2004-12-31 | $345.90 Million | +20.23% |
| 2003-12-31 | $287.70 Million | +5.06% |
| 2002-12-31 | $273.84 Million | -30.52% |
| 2001-12-31 | $394.15 Million | +12.37% |
| 2000-12-31 | $350.77 Million | +27.55% |
| 1999-12-31 | $275.00 Million | +79.86% |
| 1998-12-31 | $152.90 Million | +168.87% |
| 1997-12-31 | $-222.00 Million | -9.20% |
| 1996-12-31 | $-203.30 Million | +1.45% |
| 1995-12-31 | $-206.30 Million | +29.03% |
| 1994-12-31 | $-290.70 Million | -10.79% |
| 1993-12-31 | $-262.40 Million | -82.22% |
| 1992-12-31 | $-144.00 Million | -154.87% |
| 1991-12-31 | $-56.50 Million | -240.90% |
| 1990-12-31 | $40.10 Million | -71.13% |
| 1989-12-31 | $138.90 Million | -4.47% |
| 1988-12-31 | $145.40 Million | +127.98% |
| 1987-12-31 | $-519.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NL Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 83405600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $315.06 Million | 79.38% |
| Common Stock | $6.11 Million | 1.54% |
| Other Comprehensive Income | $-223.36 Million | -56.27% |
| Other Components | $299.10 Million | 75.36% |
| Total Equity | $396.90 Million | 100.00% |
NL Industries Inc Competitors by Market Cap
The table below lists competitors of NL Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rezolute Inc
NASDAQ:RZLT
|
$289.31 Million |
|
STEP Energy Services Ltd
TO:STEP
|
$289.46 Million |
|
Jasmine International Public Company Limited
BK:JAS
|
$289.47 Million |
|
China Reform Culture Holdings Co Ltd
SHG:600636
|
$289.48 Million |
|
Izertis Sa
MC:IZER
|
$289.06 Million |
|
Voxel S.A.
WAR:VOX
|
$289.05 Million |
|
Home Center Holdings Co.Ltd
KQ:060560
|
$289.05 Million |
|
Taisun Enterprise Co Ltd
TW:1218
|
$288.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NL Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 369,812,000 to 396,904,000, a change of 27,092,000 (7.3%).
- Net income of 67,228,000 contributed positively to equity growth.
- Dividend payments of 36,634,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,735,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $67.23 Million | +16.94% |
| Dividends Paid | $36.63 Million | -9.23% |
| Other Comprehensive Income | $-3.73 Million | -0.94% |
| Other Changes | $233.00K | +0.06% |
| Total Change | $- | 7.33% |
Book Value vs Market Value Analysis
This analysis compares NL Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $-8.60 | $5.92 | x |
| 1988-12-31 | $2.20 | $5.92 | x |
| 1989-12-31 | $2.46 | $5.92 | x |
| 1990-12-31 | $0.59 | $5.92 | x |
| 1991-12-31 | $-0.97 | $5.92 | x |
| 1992-12-31 | $-2.87 | $5.92 | x |
| 1993-12-31 | $-5.21 | $5.92 | x |
| 1994-12-31 | $-5.74 | $5.92 | x |
| 1995-12-31 | $-4.06 | $5.92 | x |
| 1996-12-31 | $-3.92 | $5.92 | x |
| 1997-12-31 | $-4.45 | $5.92 | x |
| 1998-12-31 | $2.93 | $5.92 | x |
| 1999-12-31 | $5.23 | $5.92 | x |
| 2000-12-31 | $6.79 | $5.92 | x |
| 2001-12-31 | $7.76 | $5.92 | x |
| 2002-12-31 | $5.44 | $5.92 | x |
| 2003-12-31 | $4.20 | $5.92 | x |
| 2004-12-31 | $5.94 | $5.92 | x |
| 2005-12-31 | $4.52 | $5.92 | x |
| 2006-12-31 | $5.12 | $5.92 | x |
| 2007-12-31 | $5.07 | $5.92 | x |
| 2008-12-31 | $3.88 | $5.92 | x |
| 2009-12-31 | $3.59 | $5.92 | x |
| 2010-12-31 | $5.20 | $5.92 | x |
| 2011-12-31 | $8.53 | $5.92 | x |
| 2012-12-31 | $7.70 | $5.92 | x |
| 2013-12-31 | $7.30 | $5.92 | x |
| 2014-12-31 | $4.87 | $5.92 | x |
| 2015-12-31 | $3.08 | $5.92 | x |
| 2016-12-31 | $3.65 | $5.92 | x |
| 2017-12-31 | $6.88 | $5.92 | x |
| 2018-12-31 | $5.83 | $5.92 | x |
| 2019-12-31 | $6.25 | $5.92 | x |
| 2020-12-31 | $6.39 | $5.92 | x |
| 2021-12-31 | $7.43 | $5.92 | x |
| 2022-12-31 | $7.83 | $5.92 | x |
| 2023-12-31 | $7.57 | $5.92 | x |
| 2024-12-31 | $8.13 | $5.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NL Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.94%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.07%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.46x
- Recent ROE (16.94%) is below the historical average (29.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 0.00% | -2.32% | 0.66x | 0.00x | $32.07 Million |
| 1988 | 107.08% | 15.46% | 1.20x | 5.79x | $141.16 Million |
| 1989 | 124.03% | 17.01% | 0.66x | 11.01x | $156.57 Million |
| 1990 | 242.23% | 10.31% | 0.46x | 50.95x | $89.64 Million |
| 1991 | 0.00% | -2.86% | 0.46x | 0.00x | $-18.17 Million |
| 1992 | 0.00% | -8.55% | 0.61x | 0.00x | $-61.77 Million |
| 1993 | 0.00% | -13.63% | 0.67x | 0.00x | $-83.32 Million |
| 1994 | 0.00% | -2.70% | 0.76x | 0.00x | $5.31 Million |
| 1995 | 0.00% | 8.36% | 0.81x | 0.00x | $106.54 Million |
| 1996 | 0.00% | 1.10% | 0.81x | 0.00x | $31.15 Million |
| 1997 | 0.00% | -1.13% | 0.76x | 0.00x | $12.73 Million |
| 1998 | 240.77% | 40.99% | 0.77x | 7.58x | $351.47 Million |
| 1999 | 58.95% | 17.59% | 0.86x | 3.90x | $132.69 Million |
| 2000 | 44.88% | 16.76% | 0.82x | 3.25x | $120.16 Million |
| 2001 | 31.38% | 14.54% | 0.73x | 2.97x | $82.71 Million |
| 2002 | 13.87% | 4.10% | 0.81x | 4.19x | $10.28 Million |
| 2003 | 31.69% | 6.31% | 0.80x | 6.29x | $43.57 Million |
| 2004 | 73.42% | 28.46% | 1.36x | 1.90x | $182.32 Million |
| 2005 | 14.97% | 17.65% | 0.38x | 2.21x | $10.92 Million |
| 2006 | 10.51% | 13.73% | 0.36x | 2.13x | $1.26 Million |
| 2007 | -0.70% | -0.97% | 0.34x | 2.13x | $-26.38 Million |
| 2008 | 17.62% | 20.05% | 0.39x | 2.23x | $14.35 Million |
| 2009 | -6.76% | -10.16% | 0.29x | 2.31x | $-29.26 Million |
| 2010 | 27.83% | 52.03% | 0.24x | 2.19x | $45.11 Million |
| 2011 | 19.68% | 58.82% | 0.18x | 1.83x | $40.16 Million |
| 2012 | 19.89% | 89.59% | 0.12x | 1.82x | $37.05 Million |
| 2013 | -15.56% | -60.11% | 0.13x | 1.93x | $-90.84 Million |
| 2014 | 12.02% | 27.46% | 0.21x | 2.11x | $4.80 Million |
| 2015 | -15.94% | -21.93% | 0.31x | 2.33x | $-38.90 Million |
| 2016 | 8.60% | 14.05% | 0.28x | 2.16x | $-2.49 Million |
| 2017 | 34.62% | 103.66% | 0.20x | 1.65x | $82.57 Million |
| 2018 | -14.43% | -34.69% | 0.22x | 1.93x | $-69.41 Million |
| 2019 | 8.49% | 20.80% | 0.22x | 1.83x | $-4.61 Million |
| 2020 | 4.71% | 12.82% | 0.21x | 1.76x | $-16.51 Million |
| 2021 | 14.12% | 36.35% | 0.24x | 1.64x | $14.94 Million |
| 2022 | 8.86% | 20.32% | 0.27x | 1.60x | $-4.37 Million |
| 2023 | -0.62% | -1.43% | 0.28x | 1.56x | $-39.29 Million |
| 2024 | 16.94% | 46.07% | 0.25x | 1.46x | $27.54 Million |
Industry Comparison
This section compares NL Industries Inc's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $751,956,903
- Average return on equity (ROE) among peers: -25.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NL Industries Inc (NL) | $393.27 Million | 0.00% | 0.27x | $289.27 Million |
| ADT Inc (ADT) | $3.80 Billion | 13.18% | 3.22x | $5.34 Billion |
| Allegion PLC (ALLE) | $654.00 Million | 66.50% | 3.30x | $11.66 Billion |
| Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) | $26.93 Million | -287.25% | 9.15x | $111.09 Million |
| Brinks Company (BCO) | $482.40 Million | 15.44% | 3.99x | $4.46 Billion |
| BIO-Key International Inc (BKYI) | $15.62 Million | -32.44% | 0.14x | $6.20 Million |
| Brady Corporation (BRC) | $863.07 Million | 13.02% | 0.32x | $3.53 Billion |
| Concorde International Group Ltd Class A Ordinary Shares (CIGL) | $2.70 Million | 35.55% | 2.16x | $293.48 Million |
| CompX International Inc (CIX) | $155.26 Million | -1.94% | 0.20x | $286.76 Million |
| CoreCivic Inc (CXW) | $1.37 Billion | -3.78% | 1.55x | $1.83 Billion |
| Evolv Technologies Holdings Inc (EVLV) | $146.32 Million | -72.62% | 1.04x | $958.65 Million |
About NL Industries Inc
NL Industries, Inc., through its subsidiaries, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under… Read more