| Stage | NL | % of rev | VHI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $44M | 100.00% | $628M | 100.00% | VHI ×14.39 |
| Gross profit | $16M | 35.62% | $142M | 22.56% | NL +13.1pp |
| Operating income | $6M | 14.06% | $62M | 9.88% | NL +4.2pp |
| Pre-tax income | $12M | 28.32% | $47M | 7.54% | NL +20.8pp |
| Net income | $10M | 22.68% | $36M | 5.66% | NL +17.0pp |
| Stage | NL | VHI | Gap · A − B |
|---|---|---|---|
| Revenue | $44M100.00% | $628M100.00% | VHI ×14.39 |
| Gross profit | 35.62%$16M | 22.56%$142M | NL +13.1pp |
| Operating income | 14.06%$6M | 9.88%$62M | NL +4.2pp |
| Pre-tax income | 28.32%$12M | 7.54%$47M | NL +20.8pp |
| Net income |
| 22.68%$10M |
| 5.66%$36M |
| NL +17.0pp |
NL 10-KMar 9 '26
“CompX sells to a diverse customer base with only one customer representing 10% or more of its consolidated net sales in 2025 (United States Postal Service representing 26%).”
VHI 10-KMar 10 '26
“Our Component Products Segment sells to a diverse customer base with only one customer representing 10% or more of its consolidated net sales in 2025 (United States Postal Service – 26%).”