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NPK International Inc., a temporary worksite access solutions company, manufactures, sells, and rents recyclable composite matting products in the United States and United Kingdom. The company engages in the installation and rental of matting systems, and 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. It also offers recyclable composite mats to customers worldwide; and access road construction, site planning and preparation, environmental protection, erosion control, and site restoration services. The company was formerly known as Newpark Resources, Inc. and changed its name to NPK International Inc. in December 2024. The company was founded in 1932 and is headquartered in The Woodlands, Texas..
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 | $277M | $73M | $39M | $26M | 11.1% | 27.4% | - |
| 2024 | $217M | $59M | $-150M | $-5M | -46.0% | 4.7% | -1135.1% |
| 2023 | $208M | $55M | $15M | $71M | 3.5% | 7.6% | - |
| 2022 | $193M | $44M | $-21M | $-53M | -4.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 192.99 | 207.65 | 217.49 | 277.04 |
| Cost Of Revenue | 133 | 135.09 | 140.36 | 176.28 |
| Gross Profit | 59.99 | 72.55 | 77.13 | 100.76 |
| Operating Expense | 45.55 | 49.61 | 44.78 | 53.98 |
| Operating Income | 14.44 | 22.94 | 32.35 | 46.78 |
| EBITDA | 43.87 | 55.20 | 59.01 | 73.20 |
| EBIT | 5.26 | 23.83 | 31.48 | 47.66 |
| Pretax Income | 1.75 | 19.72 | 28.86 | 47.65 |
| Tax Provision | 0.92 | 5.57 | -6.74 | 11.71 |
| Net Income | -20.83 | 14.52 | -150.26 | 38.94 |
| Net Income Common Stockholders | -20.83 | 14.52 | -150.26 | 38.94 |
| Total Expenses | 178.56 | 184.71 | 185.14 | 230.26 |
| Interest Expense | 3.51 | 4.11 | 2.62 | 0.01 |
| Selling General And Administration | 48.78 | 51.08 | 46.05 | 54.03 |
| Normalized EBITDA | 53.05 | 54.31 | 59.88 | 72.32 |
| Normalized Income | 8.07 | 13.51 | 36.29 | 35.28 |
| Basic EPS | -0.22 | 0.17 | -1.75 | 0.46 |
| Diluted EPS | -0.22 | 0.16 | -1.75 | 0.46 |
| Tax Effect Of Unusual Items | -1.93 | 0.25 | -0.18 | 0.22 |
| Tax Rate For Calcs | 0.21 | 0.28 | 0.21 | 0.25 |
| Total Unusual Items | -9.18 | 0.89 | -0.87 | 0.88 |
| Total Unusual Items Excluding Goodwill | -9.18 | 0.89 | -0.87 | 0.88 |
| Net Income From Continuing Operation Net Minority Interest | 0.82 | 14.15 | 35.60 | 35.95 |
| Reconciled Depreciation | 38.61 | 31.37 | 27.53 | 25.54 |
| Reconciled Cost Of Revenue | 133 | 135.09 | 140.36 | 176.28 |
| Net Interest Income | -3.51 | -4.11 | -2.62 | -0.01 |
| Net Income From Continuing And Discontinued Operation | -20.83 | 14.52 | -150.26 | 38.94 |
| Total Operating Income As Reported | 6.53 | 22.94 | 32.35 | 46.78 |
| Diluted Average Shares | 92.71 | 88.31 | 87.39 | 85.72 |
| Basic Average Shares | 92.71 | 86.40 | 85.82 | 84.82 |
| Diluted NI Availto Com Stockholders | -20.83 | 14.52 | -150.26 | 38.94 |
| Net Income Including Noncontrolling Interests | -20.83 | 14.52 | -150.26 | 38.94 |
| Net Income Discontinuous Operations | -21.66 | 0.37 | -185.86 | 2.99 |
| Net Income Continuous Operations | 0.82 | 14.15 | 35.60 | 35.95 |
| Other Income Expense | -9.18 | 0.89 | -0.87 | 0.88 |
| Special Income Charges | -7.91 | -6.36 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Write Off | 7.96 | 3.43 | 0 | 0 |
| Impairment Of Capital Assets | 7.91 | 2.92 | 0 | 0 |
| Gain On Sale Of Security | -1.28 | 0.89 | -0.87 | 0.88 |
| Net Non Operating Interest Income Expense | -3.51 | -4.11 | -2.62 | -0.01 |
| Interest Expense Non Operating | 3.51 | 4.11 | 2.62 | 0.01 |
| Other Operating Expenses | -3.23 | -1.47 | -1.27 | -0.05 |
| Operating Revenue | 192.99 | 207.65 | 217.49 | 277.04 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NPK International Inc.this co. | NPKI | $1.3B | 37.26↑ premium | 3.77 | 11.1% | 18.32 |
| RPC, Inc. | RES | $1.7B | 55.27 | 1.61 | 2.9% | 7.43 |
| Dorian LPG Ltd. | LPG | $1.6B | 17.83 | 1.54 | 8.6% | 10.39 |
| Helix Energy Solutions Group, Inc. | HLX | $1.5B | 47.26 | 0.92 | 2.0% | 7.82 |
| Navigator Holdings Ltd. | NVGS | $1.4B |
| 14.66 |
| 1.15 |
| 8.0% |
| 8.69 |
| ProFrac Holding Corp. | ACDC | $1.4B | - | 1.94 | -45.4% | 9.87 |
| Nordic American Tankers Limited | NAT | $1.2B | 92.17 | 2.63 | 9.2% | 17.71 |
| Diversified Energy Company | DEC | $1.1B | 3.57 | 1.28 | 34.3% | 4.59 |
| Teekay Corporation Ltd. | TK | $1.1B | 11.64 | 1.56 | 4.5% | 6.09 |
| Peer Median | - | 17.83 | 1.55 | 6.3% | 8.25 | |