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NPK International (NPKI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · NPK International (NPKI) Q3 2026 earnings results →

Q3 2026 Revenue up 11% year over year to $76.3M · 8¢ of every $1 of revenue kept as net profit · operating margin 12.0%

NPK International made $76.3M in Q3 2026 (+11% Y/Y). Operating margin 12.0%, net earnings $6.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$76.3M
Year over year+11%
Operating margin12.0%
Net earnings$6.1M
Operating cash flow$7.1M

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 $76.3M in Q3 2026, up 11% year over year and down 7% from the previous quarter.

Operating profit was $9.2M, a 12.0% margin (down 1.1 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 13% margin then. Total costs grew 12% against revenue growth of 11%. Net earnings were $6.1M, up 8% year over year. The effective tax rate was 27.1%.

Operating cash flow was $7.1M (down 71% year over year), 117% of net earnings. Non-cash charges added back $8.9M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $9.9M. Capital expenditures of $12.3M exceeded it, leaving free cash flow of −$5.2M.

Quarterly history

NPK International revenue by quarterNPK International revenue by quarter$64.8MQ1 2025$68.2MQ2 2025$68.8MQ3 2025$75.2MQ4 2025$75.1MQ1 2026$81.6MQ2 2026$76.3MQ3 2026
NPK International net earnings by quarterNPK International net earnings by quarter$10.0MQ1 2025$8.7MQ2 2025$5.7MQ3 2025$14.6MQ4 2025$10.5MQ1 2026$12.0MQ2 2026$6.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$76.3M+11%12.0%$6.1M$7.1M
Q2 202610-QJul 30, 2026$81.6M+20%19.7%$12.0M$21.9M
Q1 202610-QMay 1, 2026$75.1M+16%19.2%$10.5M$21.1M
Q4 202510-KFeb 27, 2026$75.2M+31%16.7%$14.6M$18.0M
Q3 202510-QOct 31, 2025$68.8M+56%13.2%$5.7M$24.7M
Q2 202510-QAug 6, 2025$68.2M+2%17.0%$8.7M$21.4M
Q1 202510-QMay 2, 2025$64.8M+32%20.9%$10.0M$8.8M

Charts

NPK International: revenue growth, year over year and quarter over quarterNPK International: revenue growth, year over year and quarter over quarterY/YQ/Q+32%Q1 2025+2%+5%Q2 2025+56%+1%Q3 2025+31%+9%Q4 2025+16%0%Q1 2026+20%+9%Q2 2026+11%-7%Q3 2026
Latest (Q3 2026): Y/Y +11%, Q/Q -7%.
NPK International: where the cash came from (+) and went (−), TTM to Q3 2026NPK International: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$68.2MCapital spending−$57.8MOther investing−$43.0MCash drawn (+) / kept (−)$31.4MBuybacks−$19.3MNet borrowing (+) / repaid (−)$15.9MAsset & business sales$9.6MOther financing−$5.6MShares issued$548KExchange rates$56K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
NPK International: profit against cash, quarter by quarterNPK International: profit against cash, quarter by quarterNet incomeOperating cash flow$8.7M−$4.1MQ4 2024$10.0M$8.8MQ1 2025$8.7M$21.4MQ2 2025$5.7M$24.7MQ3 2025$14.6M$18.0MQ4 2025$10.5M$21.1MQ1 2026$12.0M$21.9MQ2 2026$6.1M$7.1MQ3 2026
Latest (Q3 2026): Net income $6.1M, Operating cash flow $7.1M.
NPK International: diluted shares by fiscal yearNPK International: diluted shares by fiscal year90MFY202091MFY202194MFY202288MFY202387MFY202486MFY2025
-5.0% since FY2020: buybacks shrank the count.
NPK International: long-term debt falling due (FY2025)NPK International: long-term debt falling due (FY2025)$6.0M2026$4.1M2027$1.9M2028$800K2029$5.4M2030
Cash $5.1M, short-term investments —, long-term debt $16.9M at 2025-12-31.
NPK International in its industry: growth against margin (4 companies, SIC 7350)NPK International in its industry: growth against margin (4 companies, SIC 7350)revenue growth, year over year →↑ operating marginmedian +11%median 21%HRIFTAIWSCNPKI (+11%, 12%)
Services-Miscellaneous Equipment Rental & Leasing; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About NPK International

NPK International Inc. is a temporary worksite access solutions company that manufactures, sells, and rents recyclable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. In 2025, 66% of our revenues were generated from the rental of our recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction and other industries within the United States and United Kingdom. The remaining 34% of our 2025 revenues were generated from the sale of our manufactured recyclable composite mats to customers around the world, with power transmission being the primary end market.

In its own words, from its 10-K, filed Feb 27, 2026.

NPK International against its Services-Miscellaneous Equipment Rental & Leasing peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +11%. Operating margin: 12.0% against the peers' median 21.0%.

CompanyQuarterRevenueY/YOp. margin
NPKI NPK InternationalQ3 2026$76.3M+11%12.0%
HRI Herc HoldingsQ3 2026$1.4B+5%8.8%
FTAI FTAI AviationQ3 2026$978M+47%22.4%
WSC WillScot HoldingsQ3 2026$601M+6%21.0%

Source: NPK International 10-Q on SEC EDGAR · CIK 71829 · Services-Miscellaneous Equipment Rental & Leasing

Guidance and outlook

NPK International: what its forward-looking statements are about (10-Q filed 2026-10-30)NPK International: what its forward-looking statements are about (10-Q filed 2026-10-30)Other3Demand2Costs2Margins1Capital spending1Buybacks & dividends1Financing1
11 statements; tone +0.64 (−1 all cautious, +1 all confident); 0 hedged.
NPK International: outlook statements against the filing beforeNPK International: outlook statements against the filing beforeConfident7

13F: who owns NPKI and who is buying

Largest holders of NPKI (13F)Largest holders of NPKI (13F)BlackRock$126MAmeriprise Financial$71.4MDimensional Fund Advisors LP$57.9MVanguard Capital Management LLC$57.4MVanguard Group$56.1MAmerican Century Companies$49.8MGeode Capital Management, LLC$37.7MWasatch Advisors LP$34.3MRoyce & Associates LP$34.2MState Street$32.1M
Funds' net buying of NPKI by quarter (13F)Funds' net buying of NPKI by quarter (13F)−$906K2024-09$34.4M2024-12−$11.8M2025-03$1.9M2025-06−$22.7M2025-09$25.4M2025-12$7.2M2026-03$43.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NPKI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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