NLNYSEIndustrial Inorganic ChemicalsFiscal year ends December 31
NLI HOLDINGS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$6.65+0.02 (+0.30%)
Close on Oct 19, 2026
- Market cap
- $325.06M
- P/E (TTM)
- –
- Dividend yield
- 8.57%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.4%+1.8 pts over 5 years
Operating margin
6.7%+4.7 pts over 5 years
Net margin
-23.9%−36.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.5% | -1.7% | +6.7% | +3.8% | |
| Gross profit | +16.5% | -0.4% | +8.0% | +3.7% | |
| Operating income | -71.8% | -8.0% | +35.3% | +44.6% | |
| Dividend per share | -24.0% | -3.3% | +28.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.3% | 4.8% | -10.0% | |
| Return on assets | 4.2% | 2.7% | -7.3% | |
| Current ratio | 4.02 | 6.22 | 7.77 | |
| Interest coverage | -178.8× | 1.7× | 13.9× | |
| Inventory turnover | 4.9× | 4.5× | 3.7× | |
| Capex to revenue | 2.9% | 1.5% | 2.4% | |
| Diluted shares | 49M | 49M | 49M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NLI generated $143.52M from operations and spent $86.40M on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$143.52M
Used
$86.40M
Capital expenditure$14.10M16%Dividends$72.30M84%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-23.9%
×Asset turnover0.30×
×Equity multiplier1.38×
=Return on equity, FY2025-10.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -23.9% | 0.30× | 1.38× | -10.0% |
| FY2024 | 46.1% | 0.25× | 1.51× | 17.5% |
| FY2023 | -1.4% | 0.27× | 1.58× | -0.6% |
| FY2022 | 20.3% | 0.28× | 1.62× | 9.1% |
| FY2021 | 36.4% | 0.25× | 1.70× | 15.2% |
| FY2020 | 12.8% | 0.21× | 1.79× | 4.8% |
| FY2019 | 20.8% | 0.22× | 1.88× | 8.8% |
| FY2018 | -34.7% | 0.22× | 1.77× | -13.2% |
| FY2017 | 103.6% | 0.24× | 1.82× | 45.2% |
| FY2016 | 14.1% | 0.30× | 2.24× | 9.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$37.83M
- Cash generatingOperating cash flow above zero-$36.40M
- Return on assets improvedROA up on the prior year11.7% → -6.5%
- Earnings backed by cashOperating cash flow above net income-$36.40M vs -$37.83M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.61 → 7.77
- No dilutionShare count did not rise49M → 49M
- Gross margin improvedGross margin up on the prior year28.34% → 30.44%
- More efficientAsset turnover rose0.25 → 0.27