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Institutional ownership roughly stable: -0.10% change quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $7.03 today, the market must believe free cash flow compounds -5.5%/yr for a decade (off $30M normalized FCF).
2-stage DCF · 0.05B shares · net debt -$111M
mean -21.8% · volatility σ 102% · implied rate exceeded in 3/9 yrs
Central path = implied -5.5%/yr growth; shaded band = ±1σ (102%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $259.8B | 39.0× | 18.5× | 2.9× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $167.6B | 23.6× | 16.1× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.4B | 32.6× | 23.3× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| VRT | $92.4B | 70.8× | 43.8× | 9.0× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.0B | 31.8× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $85.0B | 15.3× | 9.5× | 1.0× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| NL | $344M | — | 16.3× | 2.2× | 8.5% | 30.4% | -23.9% | -10.5% | -10.5% | — | 73 |
Peers = companies sharing NL's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
Free-cash-flow coverage unavailable. Last year: $28M dividends + $0 buybacks = $28M returned on -$40M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -11%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 65th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 67.6 | 68.6 | 71.3 | 69.6 | 70.7 | 69.5 | 71.7 | 69.6 |
| Gross Profit | 32.4 | 31.4 | 28.7 | 30.4 | 29.3 | 30.5 | 28.3 | 30.4 |
| R&D | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A | 17.3 | 17.1 | 18.4 | 15.8 | 14.0 | 14.7 | 16.7 | 16.2 |
| Operating Income | -51.3 | -1.3 | 2.1 | 7.5 | 8.2 | 8.8 | 26.0 | 6.7 |
| Income Tax | -13.0 | 0.5 | -2.2 | 5.3 | 1.7 | -4.3 | 9.6 | -10.1 |
| Net Income | -34.7 | 20.8 | 12.8 | 36.4 | 20.3 | -1.4 | 46.1 | -23.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NL: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.3M 100.0% | $145.9M 100.0% | $161.3M 100.0% | $166.6M 100.0% | $140.8M 100.0% | $114.5M 100.0% | $124.2M 100.0% | $118.2M 100.0% | $112.0M 100.0% | $108.9M 100.0% |
| Cost of Revenue | $110.1M 69.6% | $104.6M 71.7% | $112.1M 69.5% | $117.8M 70.7% | $98.1M 69.6% | $81.7M 71.3% | $85.3M 68.6% | $79.9M 67.6% | $77.2M 68.9% | $73.8M 67.7% |
| Cost of Products | — | — | — | — | — | — | — | — | $77.2M 68.9% | $73.8M 67.7% |
| Gross Profit | $48.2M 30.4% | $41.4M 28.3% | $49.2M 30.5% | $48.8M 29.3% | $42.7M 30.4% | $32.8M 28.7% | $39.0M 31.4% | $38.3M 32.4% | $34.8M 31.1% | $35.2M 32.3% |
| Research & Development | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% |
| Selling, General & Admin | $25.6M 16.2% | $24.3M 16.7% | $23.8M 14.7% | $23.4M 14.0% | $22.2M 15.8% | $21.0M 18.4% | $21.3M 17.1% | $20.5M 17.3% | $19.6M 17.5% | $19.6M 18.0% |
| Operating Income | $10.7M 6.7% | $37.9M 26.0% | $14.1M 8.8% | $13.7M 8.2% | $10.5M 7.5% | $2.4M 2.1% | -$1.6M -1.3% | -$60.7M -51.3% | $1.7M 1.5% | -$715K -0.7% |
| Interest Expense | $767K 0.5% | $530K 0.4% | $746K 0.5% | $941K 0.6% | $1.1M 0.8% | $1.4M 1.2% | $681K 0.5% | $37K 0.0% | $30K 0.0% | $4K 0.0% |
| Pretax Income | -$51.4M -32.5% | $83.3M 57.1% | -$6.4M -4.0% | $39.2M 23.6% | $60.8M 43.2% | $13.6M 11.9% | $28.6M 23.0% | -$54.4M -46.0% | $112.2M 100.1% | $13.9M 12.8% |
| Income Tax Expense | -$16.1M -10.1% | $14.1M 9.6% | -$7.0M -4.3% | $2.8M 1.7% | $7.5M 5.3% | -$2.5M -2.2% | $579K 0.5% | -$15.4M -13.0% | -$5.6M -5.0% | -$2.8M -2.5% |
| Net Income | -$37.8M -23.9% | $67.2M 46.1% | -$2.3M -1.4% | $33.8M 20.3% | $51.2M 36.4% | $14.7M 12.8% | $25.8M 20.8% | -$41.0M -34.7% | $116.1M 103.6% | $15.3M 14.1% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.77 | $1.38 | $-0.05 | $0.69 | $1.05 | $0.30 | $0.53 | — | — | — |
| EPS (Diluted) | $-0.77 | $1.38 | $-0.05 | $0.69 | $1.05 | $0.30 | $0.53 | — | — | — |
| Weighted Avg Shares (Basic) | 48.9M | 48.8M | 48.8M | 48.8M | 48.8M | 48.8M | 48.7M | — | — | — |
| Weighted Avg Shares (Diluted) | 48.9M | 48.8M | 48.8M | 48.8M | 48.8M | 48.8M | 48.7M | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position