NL
NL Industries, Inc.
NL trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over NL overall, supported by stronger fundamentals and stronger valuation.
NL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Strong |
NL's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
NL PE Valuation
NL has no meaningful PE right now: it lost money over the past year.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
NL Forward outlook
There aren't enough analyst estimates for NL to show an outlook.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
NL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.10 | -150% |
| Q2 2026 | -$0.52 | -147% |
| Q1 2026 | -$0.69 | -155% |
| Q4 2025 | -$0.77 | -156% |
| Q3 2025 | $0.20 | -83% |
| Q2 2025 | $1.10 | +139% |
| Q1 2025 | $1.25 | +421% |
| Q4 2022 | $0.69 | -34% |
NL has swung to a loss: it lost $0.10 per share over the past year, after a profit the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over NL on earnings quality, reporting a profit while its opponent remains loss making.
NL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $44M | +10% |
| Q2 2026 | $43.6M | +8% |
| Q1 2026 | $40.6M | +0.7% |
| Q4 2025 | $37.7M | -1.9% |
| Q3 2025 | $40M | +19% |
| Q2 2025 | $40.4M | +12% |
| Q1 2025 | $40.3M | +6.1% |
| Q4 2024 | $38.4M | -11% |
NL's revenue has picked up after three years of holding roughly level: $44M last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.1% | +2.5 points |
| Q2 2026 | 14% | +7.1 points |
| Q1 2026 | 10% | +2.3 points |
| Q4 2025 | 7.6% | -80 points |
| Q3 2025 | 4.6% | -1.4 points |
| Q2 2025 | 6.9% | +4.7 points |
| Q1 2025 | 7.8% | +4.3 points |
| Q4 2024 | 88% | +77 points |
NL's operating margin was 7.1% last quarter, up 2.5 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over NL on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over NL on profitability, with a higher operating margin.
NL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.4M | +22% |
| Q2 2026 | $9.8M | +66% |
| Q1 2026 | -$3.9M | +$44.4M |
| Q4 2025 | -$4.7M | -154% |
| Q3 2025 | $7M | +$13.1M |
| Q2 2025 | $5.9M | -61% |
| Q1 2025 | -$48.3M | -850% |
| Q4 2024 | $8.7M | -58% |
NL's free cash flow has turned positive again: $10M over the past year, against −$27M the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over NL on cash flow, with more consistent year-over-year improvement.
NL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +18K shares |
| 1 year | +0.1% | +36K shares |
| 3 years | +0.1% | +66K shares |
| 5 years | +0.2% | +104K shares |
| Available history | +0.3% | +154K shares |
NL has the edge over VRT on shareholder dilution, with a more favorable share count trend.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
NL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.6x | Net Cash |
| Q2 2026 | -5.8x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -7.7x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.5x | Net Cash |
| Q1 2025 | -2.5x | Net Cash |
| Q4 2024 | -3.9x | Net Cash |
NL has the edge over VRT on leverage, with a lower net debt burden relative to earnings.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has more cash than debt.
NL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.6 | Neutral |
| Stochastic | 77.4 | Neutral |
NL's weekly RSI is 63 (neutral) and its Stochastic is 77 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
NL PE vs Industrials Sector
| Metric | NL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
NL has no meaningful PE right now: it lost money over the past year.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
NL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.97 | 4.2% above |
| 20 week MA | $6.62 | 9.7% above |
| 50 week MA | $6.26 | 16% above |
| 100 week MA | $6.58 | 10% above |
| 200 week MA | $6.44 | 13% above |
NL has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
NL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.88 | $4.55 | +17% |
| 2021 | $4.55 | $7.09 | +56% |
| 2022 | $7.09 | $6.46 | -8.9% |
| 2023 | $6.46 | $5.61 | -13% |
| 2024 | $5.61 | $7.98 | +42% |
| 2025 | $7.98 | $5.46 | -32% |
| 2026 YTD | $5.46 | $7.26 | +33% |
NL has the edge over VRT on returns for 2026, with the stronger performance.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT's yearly returns have swung widely, from +275% in 2023 to −48% in 2022. It's up 25% so far in 2026.