Compx International (CIX)
Market Price (6/18/2026): $25.77 | Market Cap: $317.6 MilSector: Industrials | Industry: Security & Alarm Services
Compx International (CIX)
Market Price (6/18/2026): $25.77Market Cap: $317.6 MilSector: IndustrialsIndustry: Security & Alarm Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 5.9% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Physical Security, and Industrial & Marine Components. Themes include Access Control Hardware, and Specialty Gauges & Controls. | Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -8.7% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3% Key risksCIX key risks include [1] fluctuating product demand and volatile costs for key raw materials like zinc and brass, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%, FCF Yield is 5.9% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -15% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Physical Security, and Industrial & Marine Components. Themes include Access Control Hardware, and Specialty Gauges & Controls. |
| Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -8.7% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3% |
| Key risksCIX key risks include [1] fluctuating product demand and volatile costs for key raw materials like zinc and brass, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Compx International (CIX) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. CompX International (CIX) reported strong fiscal first quarter 2026 earnings, demonstrating operational stability and growth in key segments. The company's net sales for fiscal Q1 2026 increased to $40.6 million, up from $40.3 million in the comparable fiscal 2025 period. Operating income rose significantly to $7.1 million in fiscal Q1 2026, compared to $5.9 million in fiscal Q1 2025. Net income also saw a notable increase, reaching $5.9 million, or $0.48 per basic and diluted common share, up 14% from $5.1 million, or $0.42 per basic and diluted common share, in fiscal Q1 2025. This growth was primarily driven by higher Marine Components sales to the industrial market and an improved gross margin in Security Products due to a more favorable customer and product mix.
2. The company's consistent and high-yielding dividend payout likely attracted income-focused investors during the period. CompX International announced a regular quarterly dividend of $0.30 per share on May 22, 2026, with a payment date of June 16, 2026. This dividend offers a substantial yield of 9.4%, which significantly surpasses the industrial sector average of 1.2%. The dividend is well-supported by the company's financial performance, with a 73% earnings payout ratio and an 80% cash payout ratio. CompX has also demonstrated a historical commitment to increasing its dividend, with an average annual increase of 20% over the past decade.
Show more
Compx International (CIX) stock has gained about 10% since 2/28/2026 because of the following key factors:
1. CompX International (CIX) reported strong fiscal first quarter 2026 earnings, demonstrating operational stability and growth in key segments. The company's net sales for fiscal Q1 2026 increased to $40.6 million, up from $40.3 million in the comparable fiscal 2025 period. Operating income rose significantly to $7.1 million in fiscal Q1 2026, compared to $5.9 million in fiscal Q1 2025. Net income also saw a notable increase, reaching $5.9 million, or $0.48 per basic and diluted common share, up 14% from $5.1 million, or $0.42 per basic and diluted common share, in fiscal Q1 2025. This growth was primarily driven by higher Marine Components sales to the industrial market and an improved gross margin in Security Products due to a more favorable customer and product mix.
2. The company's consistent and high-yielding dividend payout likely attracted income-focused investors during the period. CompX International announced a regular quarterly dividend of $0.30 per share on May 22, 2026, with a payment date of June 16, 2026. This dividend offers a substantial yield of 9.4%, which significantly surpasses the industrial sector average of 1.2%. The dividend is well-supported by the company's financial performance, with a 73% earnings payout ratio and an 80% cash payout ratio. CompX has also demonstrated a historical commitment to increasing its dividend, with an average annual increase of 20% over the past decade.
3. A positive broader outlook for the industrial and manufacturing sectors provided a favorable macroeconomic backdrop for CIX's stock performance. The U.S. industrial space experienced strengthening demand in late 2025, with net absorption projected to increase through the first half of 2026 to 154.8 million square feet. The full-year forecast for industrial absorption in 2026 is 345.9 million square feet, signaling a stabilizing economic environment that encourages businesses to expand their industrial space needs. Furthermore, the industrial sector is anticipated to generate strong investor interest in 2026 due to long-term themes such as onshoring, nearshoring, electrification, infrastructure investment, digital transformation, and sustainability, all of which drive consistent demand for engineered equipment, products, and components. Additionally, labor productivity in the manufacturing sector rebounded in 2025 and saw consistent growth since the first quarter of 2025, indicating a healthier underlying environment.
Show less
Stock Movement Drivers
Fundamental Drivers
The 11.5% change in CIX stock from 2/28/2026 to 6/17/2026 was primarily driven by a 6.6% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.92 | 25.55 | 11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 159 | 159 | -0.3% |
| Net Income Margin (%) | 12.1% | 12.7% | 4.8% |
| P/E Multiple | 14.6 | 15.6 | 6.6% |
| Shares Outstanding (Mil) | 12 | 12 | 0.0% |
| Cumulative Contribution | 11.5% |
Market Drivers
2/28/2026 to 6/17/2026| Return | Correlation | |
|---|---|---|
| CIX | 11.5% | |
| Market (SPY) | 8.3% | 3.9% |
| Sector (XLI) | 1.7% | 8.1% |
Fundamental Drivers
The 16.5% change in CIX stock from 11/30/2025 to 6/17/2026 was primarily driven by a 11.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 21.94 | 25.55 | 16.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 159 | 159 | -0.3% |
| Net Income Margin (%) | 12.1% | 12.7% | 4.8% |
| P/E Multiple | 14.0 | 15.6 | 11.4% |
| Shares Outstanding (Mil) | 12 | 12 | 0.0% |
| Cumulative Contribution | 16.5% |
Market Drivers
11/30/2025 to 6/17/2026| Return | Correlation | |
|---|---|---|
| CIX | 16.5% | |
| Market (SPY) | 9.0% | -2.7% |
| Sector (XLI) | 17.6% | 2.3% |
Fundamental Drivers
The 9.6% change in CIX stock from 5/31/2025 to 6/17/2026 was primarily driven by a 7.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.32 | 25.55 | 9.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 148 | 159 | 7.0% |
| Net Income Margin (%) | 12.1% | 12.7% | 5.1% |
| P/E Multiple | 16.0 | 15.6 | -2.5% |
| Shares Outstanding (Mil) | 12 | 12 | 0.0% |
| Cumulative Contribution | 9.6% |
Market Drivers
5/31/2025 to 6/17/2026| Return | Correlation | |
|---|---|---|
| CIX | 9.6% | |
| Market (SPY) | 27.2% | 13.0% |
| Sector (XLI) | 27.4% | 13.1% |
Fundamental Drivers
The 76.1% change in CIX stock from 5/31/2023 to 6/17/2026 was primarily driven by a 91.6% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6172026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.51 | 25.55 | 76.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 166 | 159 | -4.3% |
| Net Income Margin (%) | 13.3% | 12.7% | -3.9% |
| P/E Multiple | 8.1 | 15.6 | 91.6% |
| Shares Outstanding (Mil) | 12 | 12 | -0.1% |
| Cumulative Contribution | 76.1% |
Market Drivers
5/31/2023 to 6/17/2026| Return | Correlation | |
|---|---|---|
| CIX | 76.1% | |
| Market (SPY) | 84.3% | 22.0% |
| Sector (XLI) | 93.9% | 22.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CIX Return | 64% | -8% | 44% | 15% | -3% | 14% | 175% |
| Peers Return | 37% | -26% | 27% | 9% | 0% | -3% | 38% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| CIX Win Rate | 67% | 58% | 67% | 33% | 42% | 83% | |
| Peers Win Rate | 57% | 38% | 48% | 52% | 55% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CIX Max Drawdown | -24% | -38% | -33% | -44% | -32% | -9% | |
| Peers Max Drawdown | -24% | -45% | -30% | -28% | -34% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VHI, BC, PATK, ALLE, FBIN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/17/2026 (YTD)
How Low Can It Go
| Event | CIX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.0% | -18.8% |
| % Gain to Breakeven | 26.6% | 23.1% |
| Time to Breakeven | 7 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.1% | -9.5% |
| % Gain to Breakeven | 33.6% | 10.5% |
| Time to Breakeven | 69 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.2% | -6.7% |
| % Gain to Breakeven | 11.4% | 7.1% |
| Time to Breakeven | 20 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.7% | 32.4% |
| Time to Breakeven | 253 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.1% | -33.7% |
| % Gain to Breakeven | 37.1% | 50.9% |
| Time to Breakeven | 8 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.2% | -12.2% |
| % Gain to Breakeven | 15.3% | 13.9% |
| Time to Breakeven | 38 days | 62 days |
In The Past
Compx International's stock fell -21.0% during the 2025 US Tariff Shock. Such a loss loss requires a 26.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | CIX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.0% | -18.8% |
| % Gain to Breakeven | 26.6% | 23.1% |
| Time to Breakeven | 7 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.1% | -9.5% |
| % Gain to Breakeven | 33.6% | 10.5% |
| Time to Breakeven | 69 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.7% | 32.4% |
| Time to Breakeven | 253 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.1% | -33.7% |
| % Gain to Breakeven | 37.1% | 50.9% |
| Time to Breakeven | 8 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -23.4% | -0.2% |
| % Gain to Breakeven | 30.5% | 0.2% |
| Time to Breakeven | 194 days | 1 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -67.3% | -53.4% |
| % Gain to Breakeven | 206.0% | 114.4% |
| Time to Breakeven | 581 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -24.7% | -8.6% |
| % Gain to Breakeven | 32.7% | 9.5% |
| Time to Breakeven | 13 days | 47 days |
In The Past
Compx International's stock fell -21.0% during the 2025 US Tariff Shock. Such a loss loss requires a 26.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Compx International (CIX)
CompX International (CIX) is a manufacturer operating primarily in North America, with two distinct business segments: Security Products and Marine Components. The company designs and produces a range of essential items for various industries, selling directly to original equipment manufacturers (OEMs) and through distributors.
The Security Products segment specializes in mechanical and electrical cabinet locks, as well as other sophisticated locking mechanisms. These products find applications in diverse areas such as ignition systems, mailboxes, office and institutional furniture, medical cabinetry, tool storage, and even vending machines. This segment caters to sectors including recreational transportation, postal services, healthcare, and general cabinetry industries.
The Marine Components segment focuses on products for the recreational boating industry, particularly performance and ski/wakeboard boats. Its offerings include stainless steel exhaust systems (headers, pipes, mufflers), various gauges (like GPS speedometers and tachometers), mechanical and electronic controls, wake enhancement systems, trim tabs, and steering wheels. Additionally, it manufactures billet aluminum accessories, dash panels, LED indicators, wire harnesses, grab handles, and other hardware.
AI Analysis | Feedback
Here are 1-3 brief analogies for CompX International (CIX):
- Think of them as a specialized Magna International, but instead of supplying parts to car manufacturers, they provide advanced locking mechanisms to various industries and a diverse range of components for recreational boat builders.
- It's like a B2B Master Lock for industrial and OEM security needs, combined with a West Marine that manufactures and supplies a wide array of specialized parts directly to boat builders.
AI Analysis | Feedback
The major products of CompX International (CIX) are:
- Security Locking Mechanisms: Manufactures mechanical and electrical cabinet locks and other various locking devices for diverse industrial and commercial applications.
- Marine Exhaust Systems: Produces stainless steel exhaust headers, pipes, mufflers, and related components for recreational marine vessels.
- Marine Controls and Instrumentation: Provides gauges, speedometers, tachometers, and mechanical/electronic control systems for boats.
- Marine Hardware and Accessories: Offers wake enhancement systems, trim tabs, steering wheels, dash panels, electrical components, and various boat hardware and accessories.
AI Analysis | Feedback
CompX International (CIX) sells its products primarily to other companies, specifically original equipment manufacturers (OEMs) and through distributors. The provided background information does not list the specific names of these customer companies or their public symbols. However, based on the company description, CIX serves OEMs and distributors in the following industries and applications:
- Recreational Transportation Manufacturers: For components like ignition systems and various security products.
- Office and Institutional Furniture Manufacturers: Providing locks and locking mechanisms for file cabinets, desk drawers, and general cabinetry.
- Healthcare Industry Manufacturers: Supplying security products for high-security medical cabinetry and integrated inventory/access control narcotics boxes.
- Tool Storage Manufacturers: Offering locking mechanisms for tool storage cabinets.
- Postal Industry Manufacturers: Providing locks for mailboxes.
- Recreational Marine Manufacturers (Performance and Ski/Wakeboard Boats): Supplying a wide array of marine components including exhaust systems, gauges, controls, wake enhancement systems, steering wheels, and various accessories.
- Manufacturers in Other Industries: Including those for electrical circuit panels, storage compartments, gas station security, and vending/cash containment machines.
AI Analysis | Feedback
AI Analysis | Feedback
Scott C. James, President, Chief Executive Officer, and Director
Mr. James serves as the President, Chief Executive Officer, and a Director of CompX International Inc.. He has extensive experience in leadership and strategic management, having been instrumental in guiding the company's growth and operational efficiency. His tenure as CEO has been characterized by a commitment to innovation, market expansion, and fostering a strong corporate culture, and he possesses a deep understanding of the industry with a proven track record of delivering value to shareholders. CompX International Inc. operates within a strategic framework set by its controlling shareholder, Contran Corporation, through subsidiaries NL Industries, Inc. and Valhi, Inc.. This means that the management team, including Mr. James, executes the vision from the controlling shareholder rather than solely setting an independent strategic course.
Amy Allbach Samford, Executive Vice President and Chief Financial Officer
Ms. Samford holds the position of Executive Vice President and Chief Financial Officer at CompX International Inc.. In this critical financial leadership capacity, she is responsible for overseeing the company's financial operations, planning, and overall financial strategy.
Amy E. Ruf, Vice President, Controller and Principal Accounting Officer
Ms. Ruf serves as the Vice President, Controller, and Principal Accounting Officer for CompX International Inc..
Kristin B. McCoy, Executive Vice President, Tax
Ms. McCoy is the Executive Vice President, Tax at CompX International Inc..
Jane Rast Grimm, Vice President, General Counsel and Secretary
Ms. Grimm is the Vice President, General Counsel, and Secretary, responsible for legal affairs and corporate governance compliance at CompX International Inc..
AI Analysis | Feedback
Key Business Risks for Compx International (CIX)
-
Economic Sensitivity of the Recreational Marine Market: A significant portion of CompX International's business, specifically its Marine Components segment, is tied to the recreational marine industry, particularly performance and ski/wakeboard boats. This market is highly discretionary and sensitive to economic conditions, including consumer confidence, disposable income levels, and interest rates. A downturn in the broader economy or specific factors impacting consumer spending on luxury goods could lead to reduced demand for boats and, consequently, a decline in orders for CompX International's marine components.
-
Reliance on Original Equipment Manufacturers (OEMs): Both the Security Products and Marine Components segments primarily sell products directly to original equipment manufacturers. This business model creates a dependency on the health and production volumes of these OEM customers across various industries, including recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare, and recreational marine. A significant slowdown in demand from key OEM customers, the loss of major OEM contracts, or consolidation within the OEM landscape could materially impact CompX International's sales and profitability.
-
Volatility in Raw Material Costs and Supply Chain Disruptions: As a manufacturer of components, CompX International is susceptible to fluctuations in the cost of raw materials, such as various metals (e.g., stainless steel for marine exhaust headers). Significant increases in raw material prices, as well as potential disruptions in global supply chains, could lead to higher manufacturing costs, compress profit margins if these costs cannot be fully passed on to customers, or impact the company's ability to meet production schedules and customer demand.
AI Analysis | Feedback
The electrification of recreational boats represents a clear emerging threat to CompX International's Marine Components segment. As the recreational marine industry, including performance and ski/wakeboard boats, increasingly shifts towards electric propulsion systems, the demand for traditional internal combustion engine components such as stainless steel exhaust headers, exhaust pipes, and mufflers will significantly decrease or become obsolete. This shift could erode a core part of the revenue generated by this segment.
AI Analysis | Feedback
Compx International Inc. operates in two primary segments: Security Products and Marine Components. The addressable markets for their main products and services are primarily concentrated in North America, with global market sizes also providing context.
Security Products Segment
- The global cabinet lock market was valued at approximately USD 1.70 billion in 2024 and is projected to reach USD 4.16 billion by 2032, with a compound annual growth rate (CAGR) of 11.8% during the forecast period. North America held the largest revenue share in the cabinet lock market in 2024.
- More broadly, the global furniture lock market was valued at USD 1,862.16 million in 2026 and is expected to reach USD 2,696.66 million by 2035, growing at a CAGR of 4.2%. North America accounts for 28% of the global furniture lock market share, manufacturing over 60 million locks annually. The U.S. furniture lock market alone accounts for 28% of global demand.
- The global mechanical locks market, which includes many of CompX's locking mechanisms, was valued at USD 12.68 billion in 2025 and is projected to grow to USD 19.41 billion by 2034, with a CAGR of 4.72%. North America held a leading global market share of 37.87% in 2025, with its market size reaching USD 4.80 billion in the same year. Another source indicates the North America mechanical locks market was valued at approximately USD 8.5 billion in 2026 and is projected to reach USD 11.7 billion by 2033. The U.S. mechanical locks market alone reached USD 3.62 billion in 2025.
Marine Components Segment
- The overall recreational boat parts and accessories market is projected to reach USD 23.45 billion by 2034, with a CAGR of 3.47% from 2025 to 2034. North America dominates this market, accounting for approximately 45% of the global share. The watercraft accessories market, a related category, is estimated at USD 8.2 billion in 2025 and is expected to grow to USD 15.7 billion by 2035, at a CAGR of 6.1%.
- For marine exhaust components, the global marine exhaust systems market was valued at approximately USD 5.8 billion in 2024 and is anticipated to reach USD 9.2 billion by 2033, exhibiting a CAGR of 5.3% from 2025 to 2033. North America represents a key market in this sector.
- Regarding gauges and other marine electronics, the global marine electronics market was estimated at USD 6.66 billion in 2024 and is projected to reach USD 9.73 billion by 2030, with a CAGR of 6.7% from 2025 to 2030. North America dominated this global market with a revenue share of over 36.48% in 2024, generating USD 2,430.6 million in the same year, and is expected to reach USD 3,296.8 million by 2030. The marine sensors market, a sub-segment, was valued globally at USD 1.26 billion in 2024 and is expected to reach USD 2.11 billion by 2032. North America is projected to experience the fastest growth in the marine sensors market.
- For mechanical and electronic controls and throttles, the global marine control system market is estimated to be valued at USD 7.27 billion in 2025 and is expected to reach USD 14.58 billion by 2032, with a CAGR of 10.5%. North America holds an estimated share of 21.6% of this market in 2025 and shows the fastest growth. The global marine steering system market was valued at USD 1.2 billion in 2023 and is estimated to grow at a CAGR of over 8% from 2024 to 2032. North America held approximately 36% of the marine steering system market share in 2023.
- For wake enhancement systems, including wakeboard equipment and boats, the global wakeboarding equipment market was valued at USD 1.13 billion in 2024 and is expected to reach USD 2.92 billion by 2032, with a CAGR of 12.50%. North America dominated this market with the largest revenue share of 34.4% in 2024, with the U.S. alone capturing 79% of North America's revenue share. The global wakeboard boat market is projected to rise from approximately USD 2.68 billion in 2026 to USD 4.27 billion by 2035, growing at a CAGR of 5.2%. North America accounts for 50-55% of this market. The global ski wake boat market is projected to reach USD 1.74 billion by 2034. North America is the largest market for ski wake boats, accounting for approximately 60% of the global market share.
- For steering wheels, the global boat steering wheels market was estimated at USD 1.96 billion in 2024 and is projected to grow to USD 5.11 billion by 2035, with a CAGR of 9.1%. North America is the largest market for boat steering wheels, accounting for approximately 45% of the global market share.
AI Analysis | Feedback
CompX International (CIX) is expected to drive future revenue growth over the next two to three years through several key areas:
- Continued Sales Growth in the Government Security Market: The Security Products segment anticipates sustained higher sales to the government security market, which was a primary contributor to revenue growth in 2025 and is projected to continue in 2026.
- Increased Demand in the Industrial Market for Marine Components: The Marine Components segment expects sales growth to be primarily driven by the industrial market. This market significantly contributed to the segment's performance in 2025 and is forecast to remain a key driver in 2026.
- Stabilized and Growing Recreational Marine Market: While the Marine Components segment experienced a one-time towboat OEM stocking event in 2025, the overall recreational boating market in the USA is estimated to grow at a compound annual growth rate of 5.1% between 2025 and 2030, suggesting a sustainable recovery and ongoing demand in this area.
- Expansion within the Gas Station Security Market: The Security Products segment experienced stronger sales to the gas station security market in 2025, indicating this as a continuing opportunity for revenue expansion.
AI Analysis | Feedback
Share Repurchases
- CompX International did not repurchase any shares of its common stock during 2023, 2024, or 2025.
- Prior to 2023, the board of directors authorized various share repurchases, with 523,647 shares remaining available for purchase as of December 31, 2025.
- In the first quarter of 2021, the company purchased 50,000 shares for approximately $755,000.
Share Issuance
- The company issued shares in 2023 (6,600 shares), 2024 (4,800 shares), and 2025 (4,500 shares) under a share-based incentive compensation plan for non-employee directors.
- As of December 31, 2025, 115,150 shares were available for award under this incentive plan.
Capital Expenditures
- Capital expenditures for fiscal years ending December 2020 to 2024 averaged $2.418 million.
- Capital expenditures peaked in December 2021 at $4.094 million.
- Depreciation and amortization decreased in 2024 compared to 2023, primarily due to reductions in capital spending in 2023 and 2024 as a result of generally reduced demand levels.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Compx International Earnings Notes | 12/16/2025 | |
| With Compx International Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 60.66 |
| Mkt Cap | 3.8 |
| Rev LTM | 4,052 |
| Op Inc LTM | 293 |
| FCF LTM | 264 |
| FCF 3Y Avg | 315 |
| CFO LTM | 359 |
| CFO 3Y Avg | 455 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | -1.3% |
| Rev Chg Q | 2.4% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | -5.6% |
| Op Inc Chg 3Y Avg | -5.5% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 11.0% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 9.7% |
| CFO/Rev 3Y Avg | 12.3% |
| FCF/Rev LTM | 6.9% |
| FCF/Rev 3Y Avg | 9.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Security Products | 121 | 115 | 121 | 115 | 105 |
| Marine Components | 38 | 31 | 40 | 52 | 36 |
| Total | 158 | 146 | 161 | 167 | 141 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Security Products | 23 | 21 | 25 | 23 | 22 |
| Marine Components | 7 | 3 | 7 | 10 | 6 |
| Corporate operating expenses | -7 | -7 | -7 | -7 | -7 |
| Total | 23 | 17 | 25 | 25 | 21 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Security Products | 75 | 79 | 81 | 78 | 71 |
| Corporate | 65 | 84 | 70 | 96 | 98 |
| Marine Components | 23 | 25 | 26 | 18 | 16 |
| Total | 163 | 188 | 177 | 192 | 184 |
Price Behavior
| Market Price | $25.55 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 03/06/1998 | |
| Distance from 52W High | -12.6% | |
| 50 Days | 200 Days | |
| DMA Price | $23.66 | $22.83 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 8.0% | 11.9% |
| 3M | 1YR | |
| Volatility | 38.2% | 44.0% |
| Downside Capture | -23.66 | 39.76 |
| Upside Capture | 30.54 | 46.17 |
| Correlation (SPY) | 4.9% | 11.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.47 | 0.76 | 0.31 | 0.03 | 0.58 | 0.96 |
| Up Beta | 3.60 | 1.01 | 0.12 | 0.10 | 0.98 | 1.11 |
| Down Beta | 2.69 | 1.31 | -0.21 | 0.24 | 0.31 | 1.08 |
| Up Capture | 93% | 47% | 55% | 8% | 39% | 56% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 18 | 28 | 55 | 109 | 353 |
| Down Capture | -13% | 53% | 48% | -31% | 68% | 92% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 18 | 29 | 62 | 129 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CIX | |
|---|---|---|---|---|
| CIX | 14.8% | 44.0% | 0.43 | - |
| Sector ETF (XLI) | 26.8% | 16.2% | 1.28 | 12.2% |
| Equity (SPY) | 24.5% | 12.4% | 1.48 | 12.0% |
| Gold (GLD) | 24.7% | 27.5% | 0.79 | 2.5% |
| Commodities (DBC) | 22.7% | 18.9% | 0.95 | -4.6% |
| Real Estate (VNQ) | 10.6% | 13.8% | 0.49 | 12.4% |
| Bitcoin (BTCUSD) | -38.7% | 42.4% | -1.04 | 9.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CIX | |
|---|---|---|---|---|
| CIX | 12.5% | 55.8% | 0.42 | - |
| Sector ETF (XLI) | 13.4% | 17.5% | 0.60 | 24.7% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 23.3% |
| Gold (GLD) | 16.9% | 18.3% | 0.75 | 3.9% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 6.6% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 19.1% |
| Bitcoin (BTCUSD) | 12.3% | 54.2% | 0.42 | 9.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CIX | |
|---|---|---|---|---|
| CIX | 13.9% | 54.5% | 0.45 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 24.3% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 23.4% |
| Gold (GLD) | 12.4% | 16.1% | 0.63 | 4.2% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 7.7% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 20.0% |
| Bitcoin (BTCUSD) | 60.4% | 66.8% | 1.00 | 9.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 6.4% | 5.3% | 5.6% |
| 3/4/2026 | -2.0% | -5.0% | -4.7% |
| 11/5/2025 | -0.1% | -0.9% | -1.4% |
| 8/5/2025 | 16.1% | 30.9% | 8.8% |
| 5/6/2025 | -2.2% | -2.7% | -10.0% |
| 3/5/2025 | 1.6% | 4.1% | -5.8% |
| 11/6/2024 | -13.1% | -13.2% | -2.3% |
| 8/6/2024 | 1.9% | 28.9% | 33.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 12 |
| # Negative | 11 | 11 | 12 |
| Median Positive | 3.4% | 8.1% | 12.0% |
| Median Negative | -2.4% | -3.7% | -3.7% |
| Max Positive | 16.1% | 34.8% | 53.6% |
| Max Negative | -19.3% | -35.6% | -30.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 6.4% | 5.3% | 5.6% |
| 3/4/2026 | -2.0% | -5.0% | -4.7% |
| 11/5/2025 | -0.1% | -0.9% | -1.4% |
| 8/5/2025 | 16.1% | 30.9% | 8.8% |
| 5/6/2025 | -2.2% | -2.7% | -10.0% |
| 3/5/2025 | 1.6% | 4.1% | -5.8% |
| 11/6/2024 | -13.1% | -13.2% | -2.3% |
| 8/6/2024 | 1.9% | 28.9% | 33.1% |
| 5/7/2024 | -19.3% | -35.6% | -30.1% |
| 2/28/2024 | 3.4% | 34.8% | 53.6% |
| 11/1/2023 | 2.6% | 8.9% | 21.3% |
| 8/1/2023 | -5.6% | -3.8% | -4.8% |
| 5/2/2023 | 1.0% | 0.7% | -2.7% |
| 3/1/2023 | 0.4% | 2.8% | -0.3% |
| 11/2/2022 | 2.8% | 5.1% | 8.7% |
| 8/2/2022 | -3.3% | -0.4% | 13.5% |
| 5/3/2022 | 4.3% | -6.4% | -1.3% |
| 3/2/2022 | -3.8% | -2.1% | 3.9% |
| 11/3/2021 | -1.7% | -0.6% | -2.3% |
| 8/3/2021 | 5.2% | 13.3% | 24.5% |
| 5/4/2021 | 14.1% | 8.1% | 3.6% |
| 3/3/2021 | -1.2% | 5.7% | 30.2% |
| 11/4/2020 | 4.3% | 10.6% | 10.5% |
| 8/4/2020 | -2.4% | -3.7% | -6.5% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 12 |
| # Negative | 11 | 11 | 12 |
| Median Positive | 3.4% | 8.1% | 12.0% |
| Median Negative | -2.4% | -3.7% | -3.7% |
| Max Positive | 16.1% | 34.8% | 53.6% |
| Max Negative | -19.3% | -35.6% | -30.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/04/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/05/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 03/02/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 03/03/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 08/06/2019 | 10-Q |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Security & Alarm Services Resources |
| Security Magazine |
| Security Sales & Integration (SSI) |
| SDM Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.