One-glance verdict
Within fair range
$41.26 our estimate vs market $40.60
2% below our estimate
Fundamentals snapshot
CompX International Inc.
CIX · ASE · Industrials · Security & Protection Services
Current price
$40.60
52-week range
$20.29 - $41.08
Market cap
$500.87M
Balance sheet
Healthy
7.00x Adequate
Net cash $56.34M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 4.8% last year.
- Reward Returns 16.3% on equity, ahead of 66% of its peers.
- Risk Stock trades 47.0% above its 5-year average P/E.
- Risk Operating margin compressed from 15.3% to 14.5% over 3 years.
What this company does
CompX International Inc.
CompX International Inc. makes locks for things like cabinets and drug boxes, and also parts for boats like exhaust systems and controls. The money they make comes mostly from selling these security and marine items directly to companies that build new products and through distributors. This business matters because it shows how CompX is part of different industries, providing essential security and functional parts for everyday items and recreational vehicles.
How the company got here
CompX International Inc. was incorporated in 1993 and is based in Dallas, Texas. It operates as a subsidiary of NLI Holdings, Inc. The company has established itself by manufacturing and selling security products and recreational marine components, primarily in North America. Over the years, CompX has grown by serving diverse industries, including recreational transportation, postal services, office furniture, healthcare, and more. Its focus on both security and marine components has allowed it to build a unique market position.
What it actually does
CompX International Inc. makes and sells two main types of products: security devices and parts for recreational boats. Think of the locks on your filing cabinet or the ignition system in a vehicle – those are examples of their security products. For boats, they produce things like exhaust systems, controls, and gauges that help make boating enjoyable and functional. They sell these products to companies that build boats or other equipment, as well as to distributors who then sell them to other businesses.
Security Products
This part of CompX focuses on making various types of locks and security mechanisms. These aren't just for doors; they create locks for mailboxes, file cabinets, tool chests, and even specialized cabinets used in healthcare for storing medications securely. They also offer electronic locks, like the CompX eLock and StealthLock, which add a modern layer of security for valuable items. This segment serves a wide range of customers, from furniture makers to healthcare facilities, ensuring that items are kept safe and access is controlled.
Marine Components
The Marine Components segment is all about enhancing the experience of recreational boating. CompX manufactures and distributes a variety of parts for boats, including systems that help create wakes for watersports, stainless steel exhaust components for performance and aesthetics, and essential controls like throttles and steering wheels. They also provide gauges, GPS speedometers, and other accessories that boat owners and manufacturers need. This segment caters to both original equipment manufacturers (OEMs) who build new boats and the aftermarket, where boat owners buy parts to upgrade or repair their vessels.
What management is betting on now
CompX International's management is focused on leveraging its established expertise in both security and marine components. They aim to continue serving their existing customer base by providing reliable and innovative products. A key strategy involves working closely with original equipment manufacturers (OEMs) to integrate their components into new products, ensuring a steady stream of business. Additionally, the company likely seeks to capitalize on trends within the recreational marine industry, such as the demand for enhanced boating experiences and performance parts, while maintaining its strong position in the security products market.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$7.09M
FY2025 Q1
$-959.00K
FY2025 Q2
$3.38M
FY2025 Q3
$5.27M
FY2025 Q4
$11.43M
FY2026 Q1
$-1.56M
FY2026 Q2
$6.08M
FY2026 Q3
$7.71M
Revenue
$43.99M
Net income
$5.36M
Diluted EPS
0.44
Operating cash flow
$9.26M
Free cash flow
$7.71M
Fetching…
Sources
Revenue
$43.61M
Net income
$7.26M
Diluted EPS
0.59
Operating cash flow
$7.20M
Free cash flow
$6.08M
Fetching…
Sources
Revenue
$40.57M
Net income
$5.85M
Diluted EPS
0.48
Operating cash flow
$-1.16M
Free cash flow
$-1.56M
Fetching…
Sources
Revenue
$37.70M
Net income
$4.67M
Diluted EPS
0.38
Operating cash flow
$12.03M
Free cash flow
$11.43M
Fetching…
Sources
Revenue
$39.95M
Net income
$4.22M
Diluted EPS
0.34
Operating cash flow
$6.25M
Free cash flow
$5.27M
Fetching…
Sources
Revenue
$40.37M
Net income
$5.45M
Diluted EPS
0.44
Operating cash flow
$4.73M
Free cash flow
$3.38M
Fetching…
Sources
Revenue
$40.27M
Net income
$5.13M
Diluted EPS
0.42
Operating cash flow
$-137.00K
Free cash flow
$-959.00K
Fetching…
Sources
Revenue
$38.42M
Net income
$4.51M
Diluted EPS
0.37
Operating cash flow
$7.33M
Free cash flow
$7.09M
Fetching…
Sources
Is it cheap or expensive?
Fair value $41.26 vs current price $40.60
Our most-likely fair value is $41.26 a share — about 1.6% away from today's price of $40.60, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net cash $56.3M - more cash than debt. Interest coverage 7.0x.
Net debt
$-56.34M
Interest coverage
7.00x
CompX International Inc.'s profit covers its interest bill about 7.0 times over.
Healthy
Worse cushion
Baseline
Better cushion
CIX
BASELINE
CompX International Inc.
Total debt $989.00K Interest coverage 7.00x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage 73.88x +955% vs CIX Carries about 10.6x more debt cushion than CIX.
Total debt $5.14M Interest coverage 217.80x +3,011% vs CIX Carries about 31.1x more debt cushion than CIX.
Total debt $1.39M Interest coverage 12.43x +78% vs CIX Carries about 1.8x more debt cushion than CIX.
Total debt $949.30M Interest coverage 2.34x -67% vs CIX Carries about 3.0x less debt cushion than CIX.
Total debt $37.04M Interest coverage 12.20x +74% vs CIX Carries about 1.7x more debt cushion than CIX.
What you should know
The case for and against CIX
3 Rewards
2 Risks
Rewards
-
Revenue grew 4.8% last year.
-
Returns 16.3% on equity, ahead of 66% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Stock trades 47.0% above its 5-year average P/E.
-
Operating margin compressed from 15.3% to 14.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
21.60x
Forward P/E
—
P/B
3.42x
P/S
3.02x
EV/EBITDA
14.11x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
32.5%
Operating margin
14.5%
Net margin
14.0%
ROE
16.3%
ROA
10.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.01x
Current ratio
5.39x
Quick ratio
3.68x
Total debt
$989.00K
Total cash
$57.33M
Growth
How the business has been compounding
Revenue TTM
$165.87M
Revenue 5Y CAGR
3.0%
EPS TTM
1.88
EPS 5Y CAGR
-2.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$27.33M
Free CF TTM
$19.12M
FCF margin
11.5%
Dividend
Shareholder payout
Yield
3.0%
Payout ratio
63.8%
Last ex-div date
2026-11-19