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Side-by-side financial comparison of KRONOS WORLDWIDE INC (KRO) and NL INDUSTRIES INC (NL). Click either name above to swap in a different company.

KRONOS WORLDWIDE INC is the larger business by last-quarter revenue ($418.3M vs $37.7M, roughly 11.1× NL INDUSTRIES INC). KRONOS WORLDWIDE INC runs the higher net margin — -19.8% vs -82.2%, a 62.4% gap on every dollar of revenue. On growth, KRONOS WORLDWIDE INC posted the faster year-over-year revenue change (-1.1% vs -1.9%). KRONOS WORLDWIDE INC produced more free cash flow last quarter ($81.9M vs $-4.7M). Over the past eight quarters, NL INDUSTRIES INC's revenue compounded faster (-0.4% CAGR vs -6.5%).

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

NL Industries, formerly known as the National Lead Company, is a lead smelting company currently based in Houston, Texas. National Lead was one of the 12 original stocks included in the Dow Jones Industrial Average at the time of its creation on May 26, 1896.

KRO vs NL — Head-to-Head

Bigger by revenue
KRO
KRO
11.1× larger
KRO
$418.3M
$37.7M
NL
Growing faster (revenue YoY)
KRO
KRO
+0.7% gap
KRO
-1.1%
-1.9%
NL
Higher net margin
KRO
KRO
62.4% more per $
KRO
-19.8%
-82.2%
NL
More free cash flow
KRO
KRO
$86.6M more FCF
KRO
$81.9M
$-4.7M
NL
Faster 2-yr revenue CAGR
NL
NL
Annualised
NL
-0.4%
-6.5%
KRO

Income Statement — Q4 2025 vs Q4 2025

Metric
KRO
KRO
NL
NL
Revenue
$418.3M
$37.7M
Net Profit
$-82.8M
$-31.0M
Gross Margin
-0.9%
32.1%
Operating Margin
-15.1%
7.6%
Net Margin
-19.8%
-82.2%
Revenue YoY
-1.1%
-1.9%
Net Profit YoY
-527.3%
-287.2%
EPS (diluted)
$-0.72
$-0.63

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
KRO
KRO
NL
NL
Q4 25
$418.3M
$37.7M
Q3 25
$456.9M
$40.0M
Q2 25
$494.4M
$40.4M
Q1 25
$489.8M
$40.3M
Q4 24
$423.1M
$38.4M
Q3 24
$484.7M
$33.7M
Q2 24
$500.5M
$35.9M
Q1 24
$478.8M
$38.0M
Net Profit
KRO
KRO
NL
NL
Q4 25
$-82.8M
$-31.0M
Q3 25
$-37.0M
$-7.9M
Q2 25
$-9.2M
$355.0K
Q1 25
$18.1M
$667.0K
Q4 24
$-13.2M
$16.5M
Q3 24
$71.8M
$36.0M
Q2 24
$19.5M
$7.8M
Q1 24
$8.1M
$6.8M
Gross Margin
KRO
KRO
NL
NL
Q4 25
-0.9%
32.1%
Q3 25
10.3%
27.6%
Q2 25
12.7%
31.9%
Q1 25
21.8%
30.2%
Q4 24
20.4%
28.8%
Q3 24
20.9%
28.1%
Q2 24
20.0%
31.1%
Q1 24
14.9%
25.5%
Operating Margin
KRO
KRO
NL
NL
Q4 25
-15.1%
7.6%
Q3 25
-4.2%
4.6%
Q2 25
1.5%
6.9%
Q1 25
7.8%
7.8%
Q4 24
6.8%
87.7%
Q3 24
8.0%
6.0%
Q2 24
7.2%
2.2%
Q1 24
4.1%
3.6%
Net Margin
KRO
KRO
NL
NL
Q4 25
-19.8%
-82.2%
Q3 25
-8.1%
-19.7%
Q2 25
-1.9%
0.9%
Q1 25
3.7%
1.7%
Q4 24
-3.1%
43.1%
Q3 24
14.8%
107.0%
Q2 24
3.9%
21.8%
Q1 24
1.7%
18.0%
EPS (diluted)
KRO
KRO
NL
NL
Q4 25
$-0.72
$-0.63
Q3 25
$-0.32
$-0.16
Q2 25
$-0.08
$0.01
Q1 25
$0.16
$0.01
Q4 24
$-0.11
$0.34
Q3 24
$0.62
$0.74
Q2 24
$0.17
$0.16
Q1 24
$0.07
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KRO
KRO
NL
NL
Cash + ST InvestmentsLiquidity on hand
$33.2M
$110.6M
Total DebtLower is stronger
$557.4M
Stockholders' EquityBook value
$751.1M
$358.8M
Total Assets
$1.8B
$464.2M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRO
KRO
NL
NL
Q4 25
$33.2M
$110.6M
Q3 25
$27.7M
$101.9M
Q2 25
$18.9M
$111.5M
Q1 25
$20.5M
$110.0M
Q4 24
$106.7M
$163.2M
Q3 24
$94.8M
$146.0M
Q2 24
$133.8M
$179.4M
Q1 24
$120.7M
$167.9M
Total Debt
KRO
KRO
NL
NL
Q4 25
$557.4M
Q3 25
$626.2M
Q2 25
$589.3M
Q1 25
$557.2M
Q4 24
$507.4M
Q3 24
$554.3M
Q2 24
$423.7M
Q1 24
$426.9M
Stockholders' Equity
KRO
KRO
NL
NL
Q4 25
$751.1M
$358.8M
Q3 25
$804.7M
$375.4M
Q2 25
$846.8M
$397.6M
Q1 25
$847.0M
$397.6M
Q4 24
$817.0M
$396.9M
Q3 24
$847.4M
$386.0M
Q2 24
$774.6M
$373.1M
Q1 24
$774.4M
$368.1M
Total Assets
KRO
KRO
NL
NL
Q4 25
$1.8B
$464.2M
Q3 25
$1.9B
$500.2M
Q2 25
$1.9B
$523.7M
Q1 25
$1.9B
$520.0M
Q4 24
$1.9B
$578.3M
Q3 24
$1.9B
$585.6M
Q2 24
$1.7B
$580.0M
Q1 24
$1.7B
$568.8M
Debt / Equity
KRO
KRO
NL
NL
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.70×
Q1 25
0.66×
Q4 24
0.62×
Q3 24
0.65×
Q2 24
0.55×
Q1 24
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KRO
KRO
NL
NL
Operating Cash FlowLast quarter
$92.1M
$-4.2M
Free Cash FlowOCF − Capex
$81.9M
$-4.7M
FCF MarginFCF / Revenue
19.6%
-12.6%
Capex IntensityCapex / Revenue
2.4%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.4M
$-40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRO
KRO
NL
NL
Q4 25
$92.1M
$-4.2M
Q3 25
$-7.9M
$7.9M
Q2 25
$20.7M
$7.3M
Q1 25
$-102.4M
$-47.5M
Q4 24
$49.3M
$9.0M
Q3 24
$28.3M
$-5.7M
Q2 24
$38.2M
$15.5M
Q1 24
$-43.3M
$6.7M
Free Cash Flow
KRO
KRO
NL
NL
Q4 25
$81.9M
$-4.7M
Q3 25
$-17.4M
$7.0M
Q2 25
$9.5M
$5.9M
Q1 25
$-114.4M
$-48.3M
Q4 24
$37.0M
$8.7M
Q3 24
$19.2M
$-6.1M
Q2 24
$34.8M
$15.1M
Q1 24
$-48.0M
$6.4M
FCF Margin
KRO
KRO
NL
NL
Q4 25
19.6%
-12.6%
Q3 25
-3.8%
17.4%
Q2 25
1.9%
14.7%
Q1 25
-23.4%
-119.9%
Q4 24
8.7%
22.8%
Q3 24
4.0%
-18.3%
Q2 24
7.0%
42.1%
Q1 24
-10.0%
17.0%
Capex Intensity
KRO
KRO
NL
NL
Q4 25
2.4%
1.6%
Q3 25
2.1%
2.5%
Q2 25
2.3%
3.3%
Q1 25
2.4%
2.0%
Q4 24
2.9%
0.6%
Q3 24
1.9%
1.4%
Q2 24
0.7%
1.2%
Q1 24
1.0%
0.8%
Cash Conversion
KRO
KRO
NL
NL
Q4 25
Q3 25
Q2 25
20.53×
Q1 25
-5.66×
-71.18×
Q4 24
0.54×
Q3 24
0.39×
-0.16×
Q2 24
1.96×
1.98×
Q1 24
-5.35×
0.99×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KRO
KRO

Segment breakdown not available.

NL
NL

Security Products$29.5M78%
Marine Components$8.2M22%

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