COMPX INTERNATIONAL INC

Listed Company

CIXCIK 0001049606NYSENon-AcceleratedCutlery, Handtools & General HardwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$158.28M

Net Income

$19.48M

Total Assets

$156.19M

Equity

$138.63M

Shares Out

12.32M

Op. Cash Flow

$22.87M

Business

COMPX INTERNATIONAL INC manufactures engineered security and marine component products for a variety of industrial and commercial applications. The company offers mechanical and electronic cabinet locks, lock mechanisms, e-lock systems, wake enhancement systems, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related accessories. It operates through two primary segments: Security Products and Marine Components. Sales are primarily to OEM customers and through a North American distribution network including locksmith and smaller OEM distributors, supplemented by factory sales, manufacturer’s representatives and aftermarket channels.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	158	146	161	167	141
Cost of sales	110	105	112	118	98
Gross margin	48	41	49	49	43
Selling, general and administrative expense	26	24	24	23	22
Operating income	23	17	25	25	21
Interest income	3	5	4	2	1
Income before income taxes	26	22	30	27	22
Income tax expense	6	5	7	6	5
Net income	19	17	23	21	17
Unrealized net income arising during year	—	6,000	11,000	−17,000	—
Comprehensive income	19	17	23	21	17
Net income per basic share	1.58	1.35	1.84	1.69	1.34
Net income per diluted share	1.58	1.35	1.84	1.69	1.34
Weighted average shares outstanding - basic	12	12	12	12	12
Weighted average shares outstanding - diluted	12	12	12	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	54	61	41	27	77
Accounts receivable, net	14	14	17	18	16
Inventories, net	30	28	31	31	26
Prepaid expenses and other	2	2	2	2	2
Total current assets	100	105	127	111	120
Note receivable from affiliate	8	9	11	13	—
Goodwill	24	24	24	24	24
Other noncurrent assets	645,000	680,000	769,000	590,000	597,000
Total other assets	32	34	35	38	43
Land	5	5	5	5	5
Buildings	24	23	23	23	23
Equipment	78	76	74	74	71
Construction in progress	477,000	589,000	676,000	722,000	2
Gross property and equipment	108	105	104	103	101
Less accumulated depreciation	84	81	78	75	72
Net property and equipment	24	24	26	29	29
Total assets	156	163	188	177	192
Accounts payable and accrued liabilities	15	15	16	16	15
Income taxes payable to affiliate	2	804,000	1	1	—
Total current liabilities	17	16	17	17	16
Deferred income taxes	405,000	1	2	2	3
Other	113,000	57,000	41,000	68,000	—
Total noncurrent liabilities	518,000	1	2	2	3
Preferred stock, $.01 par value; 1,000 shares authorized, none issued	—	—	—	—	—
Additional paid-in capital	54	53	53	53	55
Retained earnings	85	93	115	105	118
Total stockholders' equity	139	146	169	158	173
Total liabilities and stockholders' equity	156	163	188	177	192

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	19	17	23	21	17
Depreciation and amortization	4	4	4	4	4
Deferred income taxes	−694,000	−440,000	−720,000	−688,000	−321,000
Noncash interest income	—	−639,000	−2	−128,000	—
Other, net	425,000	382,000	391,000	341,000	269,000
Accounts receivable, net	330,000	3	764,000	−2	−5
Inventories, net	−2	2	333,000	−6	−7
Accounts payable and accrued liabilities	774,000	−1	104,000	943,000	3
Accounts with affiliates	915,000	−646,000	425,000	−687,000	854,000
Prepaids and other, net	325,000	178,000	−180,000	403,000	−997,000
Net cash provided by operating activities	23	23	26	17	10
Capital expenditures, net	−4	−1	−1	−4	−4
Purchases	—	—	−36	−33	—
Proceeds from maturities	—	36	36	—	—
Collections	17	26	31	30	41
Advances	−16	−25	−28	−24	−30
Net cash provided by (used in) investing activities	−2	36	1	−31	7
Dividends paid	−27	−39	−12	−34	−10
Operating, investing and financing activities	−7	19	15	−50	6
Cash paid for income taxes	6	6	7	8	5
Change in accruals for capital expenditures	−412,000	423,000	23,000	−49,000	—

Filings

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