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

Lightbridge Corp is a specialized nuclear energy technology company focused on developing innovative metallic nuclear fuel designs. It delivers solutions that improve reactor safety, increase power generation efficiency, and reduce operational costs for commercial nuclear power plant operators and government nuclear energy stakeholders across global markets.

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.

LTBR vs NL — Head-to-Head

Bigger by revenue
NL
NL
Infinity× larger
NL
$37.7M
$0
LTBR

Income Statement — Q1 2025 vs Q4 2025

Metric
LTBR
LTBR
NL
NL
Revenue
$0
$37.7M
Net Profit
$-4.8M
$-31.0M
Gross Margin
32.1%
Operating Margin
7.6%
Net Margin
-82.2%
Revenue YoY
-1.9%
Net Profit YoY
-69.2%
-287.2%
EPS (diluted)
$-0.24
$-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
LTBR
LTBR
NL
NL
Q4 25
$37.7M
Q3 25
$40.0M
Q2 25
$40.4M
Q1 25
$0
$40.3M
Q4 24
$0
$38.4M
Q3 24
$0
$33.7M
Q2 24
$0
$35.9M
Q1 24
$0
$38.0M
Net Profit
LTBR
LTBR
NL
NL
Q4 25
$-31.0M
Q3 25
$-7.9M
Q2 25
$355.0K
Q1 25
$-4.8M
$667.0K
Q4 24
$-3.9M
$16.5M
Q3 24
$-2.7M
$36.0M
Q2 24
$-2.4M
$7.8M
Q1 24
$-2.8M
$6.8M
Gross Margin
LTBR
LTBR
NL
NL
Q4 25
32.1%
Q3 25
27.6%
Q2 25
31.9%
Q1 25
30.2%
Q4 24
28.8%
Q3 24
28.1%
Q2 24
31.1%
Q1 24
25.5%
Operating Margin
LTBR
LTBR
NL
NL
Q4 25
7.6%
Q3 25
4.6%
Q2 25
6.9%
Q1 25
7.8%
Q4 24
87.7%
Q3 24
6.0%
Q2 24
2.2%
Q1 24
3.6%
Net Margin
LTBR
LTBR
NL
NL
Q4 25
-82.2%
Q3 25
-19.7%
Q2 25
0.9%
Q1 25
1.7%
Q4 24
43.1%
Q3 24
107.0%
Q2 24
21.8%
Q1 24
18.0%
EPS (diluted)
LTBR
LTBR
NL
NL
Q4 25
$-0.63
Q3 25
$-0.16
Q2 25
$0.01
Q1 25
$-0.24
$0.01
Q4 24
$-0.24
$0.34
Q3 24
$-0.19
$0.74
Q2 24
$-0.17
$0.16
Q1 24
$-0.21
$0.14

Balance Sheet & Financial Strength

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

Metric
LTBR
LTBR
NL
NL
Cash + ST InvestmentsLiquidity on hand
$110.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$57.3M
$358.8M
Total Assets
$58.3M
$464.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTBR
LTBR
NL
NL
Q4 25
$110.6M
Q3 25
$101.9M
Q2 25
$111.5M
Q1 25
$110.0M
Q4 24
$163.2M
Q3 24
$146.0M
Q2 24
$179.4M
Q1 24
$167.9M
Stockholders' Equity
LTBR
LTBR
NL
NL
Q4 25
$358.8M
Q3 25
$375.4M
Q2 25
$397.6M
Q1 25
$57.3M
$397.6M
Q4 24
$40.5M
$396.9M
Q3 24
$26.5M
$386.0M
Q2 24
$27.0M
$373.1M
Q1 24
$28.0M
$368.1M
Total Assets
LTBR
LTBR
NL
NL
Q4 25
$464.2M
Q3 25
$500.2M
Q2 25
$523.7M
Q1 25
$58.3M
$520.0M
Q4 24
$41.0M
$578.3M
Q3 24
$27.6M
$585.6M
Q2 24
$28.0M
$580.0M
Q1 24
$28.9M
$568.8M

Cash Flow & Capital Efficiency

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

Metric
LTBR
LTBR
NL
NL
Operating Cash FlowLast quarter
$-3.3M
$-4.2M
Free Cash FlowOCF − Capex
$-4.7M
FCF MarginFCF / Revenue
-12.6%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTBR
LTBR
NL
NL
Q4 25
$-4.2M
Q3 25
$7.9M
Q2 25
$7.3M
Q1 25
$-3.3M
$-47.5M
Q4 24
$-3.8M
$9.0M
Q3 24
$-1.9M
$-5.7M
Q2 24
$-1.8M
$15.5M
Q1 24
$-1.9M
$6.7M
Free Cash Flow
LTBR
LTBR
NL
NL
Q4 25
$-4.7M
Q3 25
$7.0M
Q2 25
$5.9M
Q1 25
$-48.3M
Q4 24
$8.7M
Q3 24
$-6.1M
Q2 24
$15.1M
Q1 24
$6.4M
FCF Margin
LTBR
LTBR
NL
NL
Q4 25
-12.6%
Q3 25
17.4%
Q2 25
14.7%
Q1 25
-119.9%
Q4 24
22.8%
Q3 24
-18.3%
Q2 24
42.1%
Q1 24
17.0%
Capex Intensity
LTBR
LTBR
NL
NL
Q4 25
1.6%
Q3 25
2.5%
Q2 25
3.3%
Q1 25
2.0%
Q4 24
0.6%
Q3 24
1.4%
Q2 24
1.2%
Q1 24
0.8%
Cash Conversion
LTBR
LTBR
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
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LTBR
LTBR

Segment breakdown not available.

NL
NL

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

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