Filing Flows › NLI Holdings (NL) › How it makes money
How NLI Holdings (NL) makes money
NLI Holdings (NL) made $44.0M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Security Products brought in $31.7M (72%); Marine Components brought in $12.3M (28%). Of every dollar of revenue, 30¢ was left as gross profit, 7¢ was left as operating profit, 29¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Security Products | $31.7M | 72.0% | -5% | +5% |
| Marine Components | $12.3M | 28.0% | +20% | +27% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $44.0M | 100.0% |
| Cost of revenue | $31.0M | 70.4% |
| Gross profit | $13.0M | 29.6% |
| Operating expenses | $9.9M | 22.5% |
| Operating profit | $3.1M | 7.1% |
| Income tax | $2.5M | 5.7% |
| Net earnings | $12.7M | 29.0% |
| Operating cash flow | $10.0M | 22.7% |
| Free cash flow | $8.4M | 19.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $44.0M | +10% |
| Q2 2026 | $43.6M | +8% |
| Q1 2026 | $40.6M | +0.7% |
| Q4 2025 | $37.7M | -2% |
| Q3 2025 | $40.0M | +19% |
| Q2 2025 | $40.4M | +12% |
| Q1 2025 | $40.3M | +6% |
From NLI Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does NLI Holdings make money?
NLI Holdings (NL) made $44.0M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Security Products brought in $31.7M (72%); Marine Components brought in $12.3M (28%). Of every dollar of revenue, 30¢ was left as gross profit, 7¢ was left as operating profit, 29¢ was left as net earnings.
What is NLI Holdings' biggest business?
Security Products: $31.7M in the third quarter 2026, 72% of revenue, +5% from a year earlier.
What is NLI Holdings' profit margin?
Net earnings were $12.7M, 29.0% of revenue, in the third quarter 2026; the operating margin was 7.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.