Filing Flows › NPK International (NPKI) › Q4 2025
NPK International (NPKI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
NPK International (NPKI) reported revenue of $75.2M for the fourth quarter 2025 (Q4 2025), +31% from a year earlier and +9% from the quarter before. Operating margin was 16.7%, net earnings $14.6M (19.4% of revenue).
NPK International, Q4 2025: revenue $75.2M (+31% year over year), operating margin 16.7%, net earnings $14.6M, operating cash flow $18.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $75.2M | +9% | +31% |
| Operating profit | $12.6M | +39% | +8% |
| Net earnings | $14.6M | +158% | +68% |
| Operating cash flow | $18.0M | -27% | — |
| Free cash flow | $5.8M | -52% | — |
What changed
Revenue was $75.2M in Q4 2025, up 31% year over year and up 9% from the previous quarter.
Operating profit was $12.6M, a 16.7% margin (down 3.5 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, below the 20% margin then. Total costs grew 37% against revenue growth of 31%. The fastest-growing cost line was Other operating costs (+167%). Net earnings were $14.6M, up 68% year over year. The effective tax rate was 10.5%. Non-operating items added $3.7M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $18.0M, 123% of net earnings. Non-cash charges added back $7.3M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $12.3M left free cash flow of $5.8M.
Questions
What was NPK International's revenue in the fourth quarter 2025?
NPK International (NPKI) reported revenue of $75.2M for the fourth quarter 2025 (Q4 2025), +31% from a year earlier and +9% from the quarter before.
Was NPK International profitable in the fourth quarter 2025?
Operating profit was $12.6M (16.7% of revenue) and net earnings $14.6M.
Source: NPK International 10-K on SEC EDGAR.