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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% | -125.9% |
| 2024 | $217M | $59M | $-150M | $-5M | -46.0% | 4.7% | -1135.1% |
| 2023 | $208M | $55M | $15M | $71M | 3.5% | 7.6% | -169.7% |
| 2022 | $193M | $44M | $-21M | $-53M | -4.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 192.99 | 207.65 | 217.49 | 277.04 |
| Operating 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 |
| Selling General And Administration | - | 48.78 | 51.08 | 46.05 | 54.03 |
| Total Expenses | - | 178.56 | 184.71 | 185.14 | 230.26 |
| Operating Income | - | 14.44 | 22.94 | 32.35 | 46.78 |
| Total Operating Income As Reported | - | 6.53 | 22.94 | 32.35 | 46.78 |
| EBITDA | - | 43.87 | 55.20 | 59.01 | 73.20 |
| Normalized EBITDA | - | 53.05 | 54.31 | 59.88 | 72.32 |
| EBIT | - | 5.26 | 23.83 | 31.48 | 47.66 |
| Interest Expense | - | 3.51 | 4.11 | 2.62 | 0.01 |
| Net Interest Income | - | -3.51 | -4.11 | -2.62 | -0.01 |
| Other Income Expense | - | -9.18 | 0.89 | -0.87 | 0.88 |
| Interest Expense Non Operating | - | 3.51 | 4.11 | 2.62 | 0.01 |
| Net Non Operating Interest Income Expense | - | -3.51 | -4.11 | -2.62 | -0.01 |
| Pretax Income | - | 1.75 | 19.72 | 28.86 | 47.65 |
| Tax Provision | - | 0.92 | 5.57 | -6.74 | 11.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.93 | 0.25 | -0.18 | 0.22 |
| Net Income Continuous Operations | - | 0.82 | 14.15 | 35.60 | 35.94 |
| Net Income From Continuing And Discontinued Operation | - | -20.83 | 14.52 | -150.26 | 38.94 |
| Net Income From Continuing Operation Net Minority Interest | - | 0.82 | 14.15 | 35.60 | 35.94 |
| Net Income | - | -20.83 | 14.52 | -150.26 | 38.94 |
| Net Income Common Stockholders | - | -20.83 | 14.52 | -150.26 | 38.94 |
| Net Income Including Noncontrolling Interests | - | -20.83 | 14.52 | -150.26 | 38.94 |
| Normalized Income | - | 8.07 | 13.51 | 36.29 | 35.28 |
| Diluted NI Availto Com Stockholders | - | -20.83 | 14.52 | -150.26 | 38.94 |
| Basic Average Shares | - | 92.71 | 86.40 | 85.82 | 84.82 |
| Diluted Average Shares | - | 92.71 | 88.32 | 87.40 | 85.72 |
| Reconciled Depreciation | - | 38.61 | 31.37 | 27.53 | 25.54 |
| Reconciled Cost Of Revenue | - | 133 | 135.09 | 140.36 | 176.28 |
| 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 Discontinuous Operations | - | -21.66 | 0.37 | -185.86 | 2.99 |
| Special Income Charges | -1 | -7.90 | -6.36 | 0 | - |
| Other Special Charges | 1 | - | - | - | - |
| Write Off | - | 7.96 | 3.43 | - | - |
| Impairment Of Capital Assets | 0 | 7.90 | 2.92 | 0 | - |
| Gain On Sale Of Security | - | -1.28 | 0.89 | -0.87 | 0.88 |
| Other Operating Expenses | - | -3.23 | -1.47 | -1.27 | -0.05 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NPK International Inc.this co. | NPKI | $1.2B | 31.71↑ premium | 3.52 | 11.1% | 17.16 |
| ProFrac Holding Corp. | ACDC | $1.5B | -3.95 | 2.03 | -51.4% | 14.04 |
| Helix Energy Solutions Group, Inc. | HLX | $1.4B | 46.49 | 0.91 | 2.0% | 7.70 |
| Navigator Holdings Ltd. | NVGS | $1.3B | 13.40 | 1.09 | 8.2% | 6.95 |
| Bristow Group Inc. | VTOL | $1.2B |
| - |
| - |
| - |
| - |
| - |
| 9.65 |
| 1.18 |
| 12.2% |
| 6.87 |
| Nordic American Tankers Limited | NAT | $1.1B | 90.77 | 2.50 | 2.8% | 14.20 |
| HighPeak Energy, Inc. | HPK | $1.0B | 55.31 | 0.66 | 1.2% | 3.53 |
| Diversified Energy Company | DEC | $1.0B | 2.99 | 1.04 | 34.7% | 4.35 |
| Teekay Corporation Ltd. | TK | $992M | 10.11 | 1.37 | 13.5% | 0.22 |
| Peer Median | - | 11.76 | 1.13 | 5.5% | 6.91 | |