CompX International Inc. manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines. This segment also offers disc and pin tumbler locks; and CompX eLock and StealthLock electronic locks for drug storage and other valuables. The Marine Components segment manufactures and distributes wake enhancement systems, stainless steel exhaust components, gauges, throttle controls, and related hardware and accessories; trim tabs, steering wheels and billet aluminum accessories; original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers and other exhaust components; GPS speedometers and tachometers; mechanical and electronic controls and throttles; dash panels, LED indicators and wire harnesses; and grab handles, pin cleats and other accessories; fabricated metal products; and related hardware and accessories for ski/wakeboard boats and performance boats, as well as for the recreational marine and other industries. The company offers its products to recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, and other industries. It sells its products directly to original equipment manufacturers, as well as through distributors. The company was incorporated in 1993 and is based in Dallas, Texas. CompX International Inc. operates as a subsidiary of NL Industries, Inc.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $158M | $26M | $19M | $19M | 14.1% | 8.5% | 17.4% |
| 2024 | $146M | $21M | $17M | $22M | 11.3% | -9.5% | -26.6% |
| 2023 | $161M | $29M | $23M | $25M | 13.4% | -3.2% | 8.3% |
| 2022 | $167M | $29M | $21M | $13M | 13.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 166.56 | 161.29 | 145.94 | 158.28 |
| Cost Of Revenue | 117.76 | 112.07 | 104.58 | 110.11 |
| Gross Profit | 48.80 | 49.22 | 41.36 | 48.18 |
| Operating Expense | 23.36 | 23.78 | 24.34 | 25.57 |
| Operating Income | 25.44 | 25.43 | 17.02 | 22.60 |
| EBITDA | 29.41 | 29.41 | 20.71 | 26.26 |
| EBIT | 25.44 | 25.43 | 17.02 | 22.60 |
| Pretax Income | 27.31 | 29.60 | 21.74 | 25.83 |
| Tax Provision | 6.44 | 7.01 | 5.15 | 6.36 |
| Net Income | 20.87 | 22.59 | 16.59 | 19.48 |
| Net Income Common Stockholders | 20.87 | 22.59 | 16.59 | 19.48 |
| Total Expenses | 141.13 | 135.85 | 128.92 | 135.68 |
| Interest Income | 1.88 | 4.17 | 4.71 | 3.23 |
| Selling General And Administration | 23.36 | 23.78 | 24.34 | 25.57 |
| Normalized EBITDA | 29.41 | 29.41 | 20.71 | 26.26 |
| Normalized Income | 20.87 | 22.59 | 16.59 | 19.48 |
| Basic EPS | 1.69 | 1.84 | 1.35 | 0 |
| Diluted EPS | 1.69 | 1.84 | 1.35 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.24 | 0.24 | 0.24 | 0.25 |
| Net Income From Continuing Operation Net Minority Interest | 20.87 | 22.59 | 16.59 | 19.48 |
| Reconciled Depreciation | 3.98 | 3.97 | 3.69 | 3.65 |
| Reconciled Cost Of Revenue | 117.76 | 112.07 | 104.58 | 110.11 |
| Net Interest Income | 1.88 | 4.17 | 4.71 | 3.23 |
| Net Income From Continuing And Discontinued Operation | 20.87 | 22.59 | 16.59 | 19.48 |
| Total Operating Income As Reported | 25.44 | 25.43 | 17.02 | 22.60 |
| Diluted Average Shares | 12.37 | 12.31 | 12.30 | 0 |
| Basic Average Shares | 12.37 | 12.31 | 12.30 | 0 |
| Diluted NI Availto Com Stockholders | 20.87 | 22.59 | 16.59 | 19.48 |
| Net Income Including Noncontrolling Interests | 20.87 | 22.59 | 16.59 | 19.48 |
| Net Income Continuous Operations | 20.87 | 22.59 | 16.59 | 19.48 |
| Net Non Operating Interest Income Expense | 1.88 | 4.17 | 4.71 | 3.23 |
| Interest Income Non Operating | 1.88 | 4.17 | 4.71 | 3.23 |
| Operating Revenue | 166.56 | 161.29 | 145.94 | 158.28 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CompX International Inc.this co. | CIX | $286M | 14.68β discount | 2.06 | 14.1% | 8.83 |
| Tredegar Corporation | TG | $327M | 13.67 | 1.48 | 15.5% | 6.25 |
| L.B. Foster Company | FSTR | $320M | 44.36 | 1.77 | 4.3% | 10.12 |
| AerSale Corporation | ASLE | $313M | 36.83 | 0.74 | 2.0% | 12.77 |
| Energy Services of America Corporation | ESOA | $303M |
| 124.92 |
| 4.45 |
| 0.6% |
| 14.70 |
| Aspen Aerogels, Inc. | ASPN | $299M | - | 1.27 | -165.4% | -45.85 |
| EVI Industries, Inc. | EVI | $262M | 39.57 | 1.63 | 5.2% | 13.66 |
| Alta Equipment Group Inc. | ALTG | $242M | - | -27.19 | 912.5% | 26.59 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| Peer Median | - | 39.57 | 1.38 | 3.2% | 11.45 | |