Filing Flows › Materials › NLI Holdings (NL)
NLI Holdings (NL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · NLI Holdings (NL) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $44.0M · 29¢ of every $1 of revenue kept as net profit · operating margin 7.1%
NLI Holdings made $44.0M in Q3 2026 (+10% Y/Y): Security Products $31.7M, Marine Components $12.3M. Operating margin 7.1%, net earnings $12.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $44.0M in Q3 2026, up 10% year over year and up 1% from the previous quarter. Security Products was the largest line at 72% of revenue. Marine Components added $2.6M year over year (up 27%), 65% of the total change.
Gross margin was 29.6%, up 2.0 points from Q3 2025. Operating profit was $3.1M, a 7.1% margin (up 2.5 points year over year). Of the extra revenue versus Q3 2025, 32% reached operating profit, above the 5% margin then. Operating expenses grew 8% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $12.7M. The effective tax rate was 15.7%. Non-operating items added $12.8M, 80% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $10.0M (up 26% year over year), 74% of net income including minority interests. Non-cash charges added back $869K of depreciation and amortization. Working capital and other items used $4.3M. Capital expenditures of $1.6M left free cash flow of $8.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $44.0M | +10% | 7.1% | $12.7M | $10.0M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $43.6M | +8% | 14.1% | $9.0M | $11.0M |
| Q1 2026 | 10-Q | May 6, 2026 | $40.6M | +0.7% | 10.1% | $4.3M | −$3.5M |
| Q4 2025 | 10-K | Mar 9, 2026 | $37.7M | -2% | 7.6% | −$30.4M | −$4.2M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $40.0M | +19% | 4.6% | −$7.4M | $7.9M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $40.4M | +12% | 6.9% | $355K | $7.3M |
| Q1 2025 | 10-Q | May 7, 2025 | $40.3M | +6% | 7.8% | $667K | −$47.5M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About NLI Holdings
NL Industries, Inc. was organized as a New Jersey corporation in 1891. Our common stock trades on the New York Stock Exchange, or the NYSE, under the symbol NL. References to “NL Industries,” “NL,” the “Company,” the “Registrant,” “we,” “our,” “us” and similar terms mean NL Industries, Inc. and its subsidiaries and affiliate, unless the context otherwise requires. Our principal executive offices are located at Three Lincoln Center, 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240. Our telephone number is (972) 233-1700. We maintain a website at www.nl-ind.com .
In its own words, from its 10-K, filed Mar 9, 2026.
NLI Holdings against its Industrial Inorganic Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +10%. Operating margin: 7.1% against the peers' median 11.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NL NLI Holdings | Q3 2026 | $44.0M | +10% | 7.1% |
| LIN Linde | Q3 2026 | $9.4B | +9% | 22.9% |
| APD Air Products & Chemicals | Q4 FY26 | $3.6B | +12% | 17.8% |
| TROX Tronox Holdings | Q3 2026 | $827M | +18% | 1.5% |
| VHI Valhi | Q3 2026 | $589M | +17% | 11.4% |
| MTX Minerals Technologies | Q3 2026 | $555M | +4% | 11.7% |
| KRO Kronos Worldwide | Q3 2026 | $541M | +18% | 10.7% |
| LXU LSB Industries | Q3 2026 | $159M | +2% | 16.9% |
| LXFR Luxfer Holdings | Q3 2026 | $91.7M | -4% | 3.1% |
Source: NLI Holdings 10-Q on SEC EDGAR · CIK 72162 · Industrial Inorganic Chemicals
Guidance and outlook
13F: who owns NL and who is buying
More on NL
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results