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Side-by-side financial comparison of LIFECORE BIOMEDICAL, INC. \DE\ (LFCR) and NL INDUSTRIES INC (NL). Click either name above to swap in a different company.

NL INDUSTRIES INC is the larger business by last-quarter revenue ($37.7M vs $31.1M, roughly 1.2× LIFECORE BIOMEDICAL, INC. \DE\). LIFECORE BIOMEDICAL, INC. \DE\ runs the higher net margin — -32.1% vs -82.2%, a 50.1% gap on every dollar of revenue. On growth, NL INDUSTRIES INC posted the faster year-over-year revenue change (-1.9% vs -4.5%). LIFECORE BIOMEDICAL, INC. \DE\ produced more free cash flow last quarter ($25.0K vs $-4.7M). Over the past eight quarters, LIFECORE BIOMEDICAL, INC. \DE\'s revenue compounded faster (-0.1% CAGR vs -0.4%).

LIFECORE BIOMEDICAL, INC. is a biomedical firm focused on developing and manufacturing high-quality hyaluronic acid-based biomaterials. It operates three core segments: medical application products, pharmaceutical solutions, and personal care ingredients, with main markets spanning North America, Europe and the Asia-Pacific, supplying to leading medical device, pharmaceutical and cosmetic brand partners.

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.

LFCR vs NL — Head-to-Head

Bigger by revenue
NL
NL
1.2× larger
NL
$37.7M
$31.1M
LFCR
Growing faster (revenue YoY)
NL
NL
+2.6% gap
NL
-1.9%
-4.5%
LFCR
Higher net margin
LFCR
LFCR
50.1% more per $
LFCR
-32.1%
-82.2%
NL
More free cash flow
LFCR
LFCR
$4.8M more FCF
LFCR
$25.0K
$-4.7M
NL
Faster 2-yr revenue CAGR
LFCR
LFCR
Annualised
LFCR
-0.1%
-0.4%
NL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
LFCR
LFCR
NL
NL
Revenue
$31.1M
$37.7M
Net Profit
$-10.0M
$-31.0M
Gross Margin
25.0%
32.1%
Operating Margin
-9.9%
7.6%
Net Margin
-32.1%
-82.2%
Revenue YoY
-4.5%
-1.9%
Net Profit YoY
-52.0%
-287.2%
EPS (diluted)
$-0.29
$-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
LFCR
LFCR
NL
NL
Q4 25
$37.7M
Q3 25
$31.1M
$40.0M
Q2 25
$40.4M
Q1 25
$35.2M
$40.3M
Q4 24
$32.6M
$38.4M
Q3 24
$24.7M
$33.7M
Q2 24
$35.9M
Q1 24
$35.7M
$38.0M
Net Profit
LFCR
LFCR
NL
NL
Q4 25
$-31.0M
Q3 25
$-10.0M
$-7.9M
Q2 25
$355.0K
Q1 25
$-14.8M
$667.0K
Q4 24
$-6.6M
$16.5M
Q3 24
$-16.2M
$36.0M
Q2 24
$7.8M
Q1 24
$15.6M
$6.8M
Gross Margin
LFCR
LFCR
NL
NL
Q4 25
32.1%
Q3 25
25.0%
27.6%
Q2 25
31.9%
Q1 25
28.0%
30.2%
Q4 24
34.0%
28.8%
Q3 24
21.8%
28.1%
Q2 24
31.1%
Q1 24
33.3%
25.5%
Operating Margin
LFCR
LFCR
NL
NL
Q4 25
7.6%
Q3 25
-9.9%
4.6%
Q2 25
6.9%
Q1 25
-25.7%
7.8%
Q4 24
-6.0%
87.7%
Q3 24
-46.9%
6.0%
Q2 24
2.2%
Q1 24
-2.5%
3.6%
Net Margin
LFCR
LFCR
NL
NL
Q4 25
-82.2%
Q3 25
-32.1%
-19.7%
Q2 25
0.9%
Q1 25
-42.0%
1.7%
Q4 24
-20.2%
43.1%
Q3 24
-65.7%
107.0%
Q2 24
21.8%
Q1 24
43.8%
18.0%
EPS (diluted)
LFCR
LFCR
NL
NL
Q4 25
$-0.63
Q3 25
$-0.29
$-0.16
Q2 25
$0.01
Q1 25
$-0.47
$0.01
Q4 24
$-0.25
$0.34
Q3 24
$-0.53
$0.74
Q2 24
$0.16
Q1 24
$0.42
$0.14

Balance Sheet & Financial Strength

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

Metric
LFCR
LFCR
NL
NL
Cash + ST InvestmentsLiquidity on hand
$18.9M
$110.6M
Total DebtLower is stronger
$136.0M
Stockholders' EquityBook value
$-10.5M
$358.8M
Total Assets
$235.2M
$464.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFCR
LFCR
NL
NL
Q4 25
$110.6M
Q3 25
$18.9M
$101.9M
Q2 25
$111.5M
Q1 25
$5.4M
$110.0M
Q4 24
$9.5M
$163.2M
Q3 24
$146.0M
Q2 24
$179.4M
Q1 24
$167.9M
Total Debt
LFCR
LFCR
NL
NL
Q4 25
Q3 25
$136.0M
Q2 25
Q1 25
$124.9M
Q4 24
$111.3M
Q3 24
$106.3M
Q2 24
Q1 24
$97.1M
Stockholders' Equity
LFCR
LFCR
NL
NL
Q4 25
$358.8M
Q3 25
$-10.5M
$375.4M
Q2 25
$397.6M
Q1 25
$2.2M
$397.6M
Q4 24
$15.4M
$396.9M
Q3 24
$-3.9M
$386.0M
Q2 24
$373.1M
Q1 24
$17.7M
$368.1M
Total Assets
LFCR
LFCR
NL
NL
Q4 25
$464.2M
Q3 25
$235.2M
$500.2M
Q2 25
$523.7M
Q1 25
$237.7M
$520.0M
Q4 24
$255.4M
$578.3M
Q3 24
$246.8M
$585.6M
Q2 24
$580.0M
Q1 24
$246.2M
$568.8M
Debt / Equity
LFCR
LFCR
NL
NL
Q4 25
Q3 25
Q2 25
Q1 25
56.05×
Q4 24
7.20×
Q3 24
Q2 24
Q1 24
5.49×

Cash Flow & Capital Efficiency

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

Metric
LFCR
LFCR
NL
NL
Operating Cash FlowLast quarter
$1.8M
$-4.2M
Free Cash FlowOCF − Capex
$25.0K
$-4.7M
FCF MarginFCF / Revenue
0.1%
-12.6%
Capex IntensityCapex / Revenue
5.6%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.8M
$-40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFCR
LFCR
NL
NL
Q4 25
$-4.2M
Q3 25
$1.8M
$7.9M
Q2 25
$7.3M
Q1 25
$1.2M
$-47.5M
Q4 24
$-6.1M
$9.0M
Q3 24
$-613.0K
$-5.7M
Q2 24
$15.5M
Q1 24
$-1.4M
$6.7M
Free Cash Flow
LFCR
LFCR
NL
NL
Q4 25
$-4.7M
Q3 25
$25.0K
$7.0M
Q2 25
$5.9M
Q1 25
$-4.3M
$-48.3M
Q4 24
$-8.6M
$8.7M
Q3 24
$-4.0M
$-6.1M
Q2 24
$15.1M
Q1 24
$-7.8M
$6.4M
FCF Margin
LFCR
LFCR
NL
NL
Q4 25
-12.6%
Q3 25
0.1%
17.4%
Q2 25
14.7%
Q1 25
-12.1%
-119.9%
Q4 24
-26.3%
22.8%
Q3 24
-16.3%
-18.3%
Q2 24
42.1%
Q1 24
-21.8%
17.0%
Capex Intensity
LFCR
LFCR
NL
NL
Q4 25
1.6%
Q3 25
5.6%
2.5%
Q2 25
3.3%
Q1 25
15.5%
2.0%
Q4 24
7.5%
0.6%
Q3 24
13.9%
1.4%
Q2 24
1.2%
Q1 24
17.8%
0.8%
Cash Conversion
LFCR
LFCR
NL
NL
Q4 25
Q3 25
Q2 25
20.53×
Q1 25
-71.18×
Q4 24
0.54×
Q3 24
-0.16×
Q2 24
1.98×
Q1 24
-0.09×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LFCR
LFCR

Transferred At Point In Time$26.6M85%
Transferred Over Time$4.5M15%

NL
NL

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

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