olivLaw · US equity research
CompX International Inc. CIX
Cutlery, Handtools & General Hardware · SIC 3420 · Vertical: Cutlery, Handtools & General Hardware (SIC 3420)
CompX International makes cabinet locks and marine components for recreational boats, organised in two segments, Security Products and Marine Components. Net sales reached 158.3 million USD in fiscal 2025, and the second quarter of 2026 brought sales of 43.6 million USD, up from the prior year.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, CompX International Inc. (CIX) stock was 37.09 USD (+4.89% on the day), with market capitalisation 457.6 m USD, P/E 23.1 on diluted EPS of 1.61 USD over the last 12 months, dividend yield -1.89%, beta 0.77, 52-week range 20.29–39.48 USD. Latest reported quarter (Q3 2026): revenue of 44.0 m USD (+10.1% YoY), net income of 5.4 m USD (+26.9% YoY), diluted EPS 0.44 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 52.3
- neutral
- Bollinger (20, 2)
- 34.19 – 39.41
- in the upper half of the band · %B 0.56 · band width 14.2%
- SMA 50 / 200
- 36.51 / 27.94
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- -0.08 / -0.02
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.0% | −1.1% | −1.9 pp | — |
| 3 months | +32.0% | −0.5% | +32.4 pp | — |
| 6 months | +50.3% | +4.4% | +45.9 pp | — |
| Year to date | +59.4% | +12.3% | +47.1 pp | — |
| 1 year | +69.2% | +13.5% | +55.7 pp | +35.2% |
| 3 years | +89.5% | +76.4% | +13.1 pp | +34.2% |
| 5 years | +64.4% | +63.7% | +0.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 38.4 m | 40.3 m | 40.4 m | 40.0 m | 37.7 m | 40.6 m | 43.6 m | 44.0 m |
| Cost of revenue | 27.4 m | 28.1 m | 27.5 m | 28.9 m | 25.6 m | 27.3 m | 28.1 m | 31.0 m |
| Gross profit | 11.1 m | 12.2 m | 12.9 m | 11.0 m | 12.1 m | 13.3 m | 15.5 m | 13.0 m |
| SG&A | 6.2 m | 6.3 m | 6.6 m | 6.3 m | 6.4 m | 6.2 m | 6.6 m | 6.6 m |
| Operating income | 4.9 m | 5.9 m | 6.3 m | 4.8 m | 5.7 m | 7.1 m | 8.9 m | 6.4 m |
| Depreciation & amortisation | 928.0 k | 945.0 k | 923.0 k | 896.0 k | 888.0 k | 868.0 k | 857.0 k | 869.0 k |
| Pre-tax income | 5.8 m | 6.7 m | 7.2 m | 5.6 m | 6.4 m | 7.7 m | 9.6 m | 7.1 m |
| Income tax | 1.3 m | 1.6 m | 1.7 m | 1.3 m | 1.7 m | 1.9 m | 2.3 m | 1.7 m |
| Net income | 4.5 m | 5.1 m | 5.5 m | 4.2 m | 4.7 m | 5.9 m | 7.3 m | 5.4 m |
| Diluted EPS | 0.37 ≈ | 0.42 | 0.44 | 0.34 | 0.10 ≈ | 0.48 | 0.59 | 0.44 |
| Operating cash flow | 7.3 m | -137.0 k | 4.7 m ≈ | 6.3 m ≈ | 12.0 m | -1.2 m | 7.2 m ≈ | 9.3 m ≈ |
| Capex | 238.0 k | 822.0 k | 1.3 m ≈ | 983.0 k ≈ | 599.0 k | 404.0 k | 1.1 m ≈ | 1.6 m ≈ |
| Dividends paid | 3.7 m | 3.7 m | 3.7 m ≈ | 16.0 m ≈ | 3.7 m | 3.7 m | 3.7 m ≈ | 3.7 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 95 percentile of its own 20-quarter history (min 10.2, median 16.1, max 23.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 118.2 m | 124.2 m | 114.5 m | 140.8 m | 166.6 m | 161.3 m | 145.9 m | 158.3 m |
| Revenue YoY | +5.5% | +5.1% | −7.8% | +22.9% | +18.3% | −3.2% | −9.5% | +8.5% |
| Net income | 15.3 m | 16.0 m | 10.3 m | 16.6 m | 20.9 m | 22.6 m | 16.6 m | 19.5 m |
| Net income YoY | +16.1% | +4.4% | −35.5% | +60.5% | +26.0% | +8.3% | −26.6% | +17.4% |
| Diluted EPS | unavailable | 1.29 | 0.83 | 1.34 | 1.69 | 1.84 | 1.35 | 1.58 |
| Diluted EPS YoY | unavailable | unavailable | −35.7% | +61.4% | +26.1% | +8.9% | −26.6% | +17.0% |
| net % | 13.0% | 12.9% | 9.0% | 11.8% | 12.5% | 14.0% | 11.4% | 12.3% |
| Free cash flow | 14.0 m | 15.3 m | 13.8 m | 6.4 m | 13.2 m | 24.7 m | 21.5 m | 19.1 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 54.1 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 138.6 m USD
- Total assets
- 156.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 5.87x
- ROE
- 13.7%
- ROA
- 12.2%
- FCF margin
- 12.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 114.5 m | 140.8 m | 166.6 m | 161.3 m | 145.9 m | 158.3 m | SEC (XBRL)· 04 Mar 2026verified |
| Cost of revenue | 81.7 m | 98.1 m | 117.8 m | 112.1 m | 104.6 m | 110.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Gross profit | 32.8 m | 42.7 m | 48.8 m | 49.2 m | 41.4 m | 48.2 m | SEC (XBRL)· 04 Mar 2026verified |
| SG&A | 21.0 m | 22.2 m | 23.4 m | 23.8 m | 24.3 m | 25.6 m | SEC (XBRL)· 04 Mar 2026verified |
| Operating income | 11.8 m | 20.5 m | 25.4 m | 25.4 m | 17.0 m | 22.6 m | SEC (XBRL)· 04 Mar 2026verified |
| Depreciation & amortisation | 3.8 m | 3.8 m | 4.0 m | 4.0 m | 3.7 m | 3.7 m | SEC (XBRL)· 04 Mar 2026verified |
| EBITDA | 15.6 m ≈ | 24.4 m ≈ | 29.4 m ≈ | 29.4 m ≈ | 20.7 m ≈ | 26.3 m ≈ | SEC (XBRL)· 04 Mar 2026derived |
| Pre-tax income | 13.5 m | 21.7 m | 27.3 m | 29.6 m | 21.7 m | 25.8 m | SEC (XBRL)· 04 Mar 2026verified |
| Income tax | 3.2 m | 5.2 m | 6.4 m | 7.0 m | 5.2 m | 6.4 m | SEC (XBRL)· 04 Mar 2026verified |
| Net income | 10.3 m | 16.6 m | 20.9 m | 22.6 m | 16.6 m | 19.5 m | SEC (XBRL)· 04 Mar 2026verified |
| Diluted EPS | 0.83 | 1.34 | 1.69 | 1.84 | 1.35 | 1.58 | SEC (XBRL)· 04 Mar 2026verified |
| Weighted average diluted shares | 12.4 m | 12.4 m | 12.3 m | 12.3 m | 12.3 m | 12.3 m | SEC (XBRL)· 04 Mar 2026verified |
| Dividend per share | 0.10 | 0.20 | 0.25 | 0.25 | 0.30 | 0.30 | SEC (XBRL)· 04 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 70.6 m | 76.6 m | 26.7 m | 41.4 m | 60.8 m | 54.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Receivables | 10.7 m | 15.5 m | 17.8 m | 17.1 m | 14.1 m | 13.8 m | SEC (XBRL)· 04 Mar 2026verified |
| Inventories | 18.3 m | 25.6 m | 31.3 m | 30.7 m | 28.4 m | 30.4 m | SEC (XBRL)· 04 Mar 2026verified |
| Current assets | 101.2 m | 120.2 m | 111.2 m | 126.6 m | 105.3 m | 100.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Property, plant & equipment, net | 29.0 m | 29.2 m | 28.7 m | 25.9 m | 24.0 m | 23.7 m | SEC (XBRL)· 04 Mar 2026verified |
| Goodwill | 23.7 m | 23.7 m | 23.7 m | 23.7 m | 23.7 m | 23.7 m | SEC (XBRL)· 04 Mar 2026verified |
| Total assets | 184.0 m | 192.5 m | 177.4 m | 187.6 m | 163.0 m | 156.2 m | SEC (XBRL)· 04 Mar 2026verified |
| Accounts payable | 12.2 m | 14.7 m | 15.6 m | 15.7 m | 15.0 m | 15.3 m | SEC (XBRL)· 04 Mar 2026verified |
| Current liabilities | 13.2 m | 16.4 m | 16.7 m | 17.2 m | 15.8 m | 17.0 m | SEC (XBRL)· 04 Mar 2026verified |
| Equity | 167.7 m † | 173.1 m † | 158.4 m † | 168.8 m † | 146.1 m † | 138.6 m † | SEC (XBRL)· 04 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 15.5 m | 10.5 m | 16.9 m | 25.8 m | 22.9 m | 22.9 m | SEC (XBRL)· 04 Mar 2026verified |
| Capex | 1.7 m | 4.1 m | 3.7 m | 1.1 m | 1.4 m | 3.7 m | SEC (XBRL)· 04 Mar 2026verified |
| Free cash flow | 13.8 m ≈ | 6.4 m ≈ | 13.2 m ≈ | 24.7 m ≈ | 21.5 m ≈ | 19.1 m ≈ | SEC (XBRL)· 04 Mar 2026derived |
| Investing cash flow | -3.1 m | 6.7 m | -31.1 m | 1.1 m | 35.9 m | -2.4 m | SEC (XBRL)· 04 Mar 2026verified |
| Financing cash flow | -5.0 m | -11.2 m | -35.6 m | -12.3 m | -39.4 m | — | SEC (XBRL)· 05 Mar 2025verified |
| Dividends paid | 5.0 m | 9.9 m | 33.9 m | 12.3 m | 39.4 m | 27.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Share repurchases | — | 1.3 m | 1.7 m | — | — | — | SEC (XBRL)· 01 Mar 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 47 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 457.6 m USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet100
- Valuation43
- Quality88
- Growth0
- Returns61
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 20.76 – 35.23 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E20.76 – 35.23 (Mid 33.99)7 companies used · median multiple 21.2x · quartiles 12.9x – 21.9xACU, EML, LCUT, RECT, SNA, SSD, SWK
- Dividend discount (DDM)outside the aggregate3.94 – 5.30 (Mid 4.52)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 47/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 14.0% | 75 (vs peers) | 10% |
| FCF conversion · Quality | 102.2% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -1.7% | 0 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -2.2% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 5.4x | 100 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 23.1x | 25 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 5.2% | 65 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 3.2% | 46 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 62.5% | 82 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality88/100 · 2/3 factors with a value
- Returns61/100 · 2/2 factors with a value
- Valuation43/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
COMPX INTERNATIONAL INC (CIX). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 158.3 m USD in 2025; YoY growth 8.5%; net margin 14.0%; ROE 16.3%.
The estimated value range is 20.76–35.23 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 33.99 USD, the price of 37.09 USD leaves a potential of -8.4% (value / price − 1) and a margin of safety of -9.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 47/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 14.0%
- FCF conversion: 102.2%
- Current ratio: 5.4x
- Payout ratio (FCF): 62.5%
What contradicts it
- Revenue CAGR 3Y: -1.7%
- EPS CAGR 3Y: -2.2%
- P/E (TTM): 23.1x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Cutlery, Handtools & General Hardware (SIC 3420) · same industry (4-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SNASnap-on Inc | 19.0 bn | 19.2 | 17.0% | 19.2% | unavailable | +8% / +34% |
| SWKStanley Black & Decker, Inc. | 17.6 bn | 21.2 | 9.4% | 5.5% | unavailable | +65% / +30% |
| SSDSimpson Manufacturing Co., Inc. | 8.4 bn | 22.4 | 18.7% | 15.6% | +4.5% | +23% / +23% |
| HLMNHillman Solutions Corp. | 1.7 bn | 68.6 | 2.0% | 1.5% | +5.4% | +0% / +20% |
| CIXCompx International Inc | 457.6 m | 23.1 | 16.3% | 14.0% | +8.5% | +69% / +90% |
| ACUAcme United Corp | 271.2 m | 29.7 | 8.4% | 4.6% | +1.1% | +91% / +97% |
| LCUTLifetime Brands, Inc. | 204.4 m | 6.2 | 15.8% | 4.8% | −5.1% | +133% / +38% |
| EMLThe Eastern Company | 173.4 m | 21.4 | 6.3% | 3.4% | unavailable | +48% / +59% |
| RECTRectitude Holdings Ltd | 18.4 m | 6.7 | 13.9% | 7.0% | +22.0% | −37% / unavailable |
1- and 3-year price returns: for CIX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 24.02 Total return -35% · Per year -35% | 42.60 Total return 15% · Per year 15% | 64.36 Total return 74% · Per year 74% |
| 3 years | 20.51 Total return -45% · Per year -18% | 41.18 Total return 11% · Per year 4% | 68.70 Total return 85% · Per year 23% |
| 5 years | 17.50 Total return -53% · Per year -14% | 39.80 Total return 7% · Per year 1% | 73.33 Total return 98% · Per year 15% |
- Exit P/E± 10.30
- Net margin± 7.21
- Annual revenue growth± 6.29
- Annual dilution± 0.61
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
In brief
CompX International makes cabinet locks and marine components for recreational boats, organised in two segments, Security Products and Marine Components. Net sales reached 158.3 million USD in fiscal 2025, and the second quarter of 2026 brought sales of 43.6 million USD, up from the prior year.
SWOT
Strengths
- Leading North American position in cabinet locks and a well-established locksmith distribution network.
- Focus on design, quality and durability valued by middle and high-end customers.
- Operating income rose in fiscal 2025 and again in the first half of 2026.
Weaknesses
- Heavy reliance on one government-linked customer that accounts for a large share of sales.
- Exposure to volatile metal raw material prices and processing costs.
- Control by a chain of parent companies means decisions depend on an external group.
Opportunities
- Continued government and industrial demand, which supported sales in 2025 and 2026.
- Diversification into new applications and product features that could reduce dependence on existing markets.
- A recovery in transportation and healthcare markets, which softened in 2025.
Threats
- Competition from lower-cost manufacturers, especially in Asia, that could drive prices down.
- Changes in tariffs and trade policy that could raise import costs.
- Tighter climate and environmental regulation that could raise energy costs of production.
Risks
- Dependence on a major customerhigh
One customer represents a large share of sales, and a reduction in orders could significantly affect results.
- Raw material volatilityhigh
Sudden price rises in zinc, brass and aluminum could reduce margins if they cannot be passed on to customers.
- Competitive pressuremedium
Lower-cost competitors could force price cuts, especially on standardised products.
- Litigation and intellectual propertymedium
Product or IP disputes could create uninsured costs.
- Cybersecuritylow
Information security incidents could disrupt production and shipments, and cyber insurance is becoming harder to obtain.
Investment thesis
What would need to be true (bull case)
- Sales and gross margin growth in the first half of 2026 suggest operations could generate more profit if demand holds.
- A leading position in cabinet locks and a reputation for quality could support premium customers.
- Diversification into government and industrial markets could reduce reliance on transportation and healthcare, which were weaker.
What would break the thesis
- Dependence on one major customer leaves sales exposed to changes in orders or government policy.
- Raw material costs could stay volatile, and pressure from Asian competitors could limit the ability to pass increases on.
- Control by parent companies could constrain strategic independence and financial flexibility.
What to watch
- Security Products sales trend and government ordersQ3 2026
- Zinc, brass and stainless steel price developments2026
- Effect of tariffs on import costsQ4 2026
- Guidance on effective tax rate and operating marginnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Aug 2026; since then the company filed 8-K (04 Nov 2026 · results), 10-Q (04 Nov 2026).
The business
CompX International Inc. (NYSE American: CIX) is a manufacturer of engineered components, headquartered in Dallas, Texas. The company makes mechanical and electrical cabinet locks for postal, office furniture, cabinetry, tool storage and healthcare uses, as well as wake enhancement systems, stainless steel exhaust systems, gauges and throttle controls for recreational marine applications. At the end of 2025 it employed 549 people, all in the United States; the August 2026 release cites approximately 590 employees.
Segments
Security Products
Security Products manufactures mechanical and electrical cabinet locks in Mauldin, South Carolina, and Grayslake, Illinois. The company describes itself as a North American market leader in this area; sales were 120.7 million USD in fiscal 2025, driven by the government security market while transportation, healthcare and tool storage softened. One customer, the United States Postal Service, accounts for 26% of consolidated net sales.
Market context
The company operates in mature, highly competitive markets where design, quality, durability and price drive purchasing decisions. Security Products serves furniture, cabinetry and locksmith distribution channels, while Marine Components serves towboat and performance boat makers. Competitors in low-cost regions such as Asia can push prices down, keeping margin pressure constant.
Trends
- Raw material costsheadwind
Zinc, brass, aluminum and stainless steel prices have been volatile, and the company expects more volatility in 2026. If these costs cannot be passed on to customers, margins could be squeezed.
- Sales recoverytailwind
Second-quarter and first-half 2026 sales rose in Security Products and in Marine Components industrial sales, and gross margin improved. This pattern could continue if demand stays firm.
- Tariffsmixed
U.S. tariffs on imports from China and Mexico could raise the cost of materials and components, while also possibly benefiting domestic producers.
- Customer concentrationheadwind
A single customer dominates sales, and orders are placed by purchase order rather than long-term contract, so volumes can swing from period to period.
Competitive position
Security Products competes with a number of domestic and foreign manufacturers, while Marine Components faces small domestic manufacturers and is minimally affected by foreign rivals. The company focuses on middle and high-end segments where design, quality, durability and service matter more than price.
- Small domestic marine component makers
Compete with Marine Components for recreational boat business as the main domestic rivals.
- Foreign lock manufacturers
Compete with Security Products, particularly on price, using lower-cost sourcing.
- Domestic cabinet lock manufacturers
Compete with Security Products in the North American market where the company claims a leading position.
- Marine component makers in other regions
Compete with Marine Components, especially in the high-performance segment.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report04 Aug 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report04 Aug 2026
- Current report22 Jun 2026Departure or appointment of officers
- Current report20 May 2026Shareholder vote · Regulation FD disclosure · Financial statements and exhibits
- Current report05 May 2026Results of operations · Financial statements and exhibits
- Quarterly report05 May 2026
- Proxy statement07 Apr 2026
- Current report04 Mar 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / CompX International Inc. · 04 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / CompX International Inc. · 04 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / CompX International Inc. · 04 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.