Tearsheet

Quanex Building Products (NX)


Market Price (12/28/2025): $15.315 | Market Cap: $696.8 Mil
Sector: Industrials | Industry: Building Products

Quanex Building Products (NX)


Market Price (12/28/2025): $15.315
Market Cap: $696.8 Mil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 44%
Weak multi-year price returns
2Y Excs Rtn is -95%, 3Y Excs Rtn is -115%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 112%
1 Attractive yield
Dividend Yield is 2.1%, FCF Yield is 15%
  Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.5%
2 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38%
3   Key risks
NX key risks include [1] major integration and operational failures from its Tyman acquisition, Show more.
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 44%
1 Attractive yield
Dividend Yield is 2.1%, FCF Yield is 15%
2 Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, and Energy Efficient Building Materials.
3 Weak multi-year price returns
2Y Excs Rtn is -95%, 3Y Excs Rtn is -115%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 112%
5 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.5%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -38%
7 Key risks
NX key risks include [1] major integration and operational failures from its Tyman acquisition, Show more.

Valuation, Metrics & Events

NX Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are five key points explaining the stock movement for Quanex Building Products (NX) from approximately August 31, 2025, to December 28, 2025:

<b>1. Significant Q3 2025 Earnings Miss and Subdued Guidance.</b>

Quanex Building Products reported its third-quarter 2025 results with a non-GAAP profit of $0.69 per share, which was 18.1% below analysts' consensus estimates. Additionally, the company's full-year revenue guidance of $1.82 billion at the midpoint was 1.6% lower than anticipated by analysts, leading to a substantial drop in the stock price, including declines of 13.4% and 10.3% around the announcement.

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<b>2. Substantial Non-Cash Goodwill Impairment.</b>

The company recorded a significant non-cash goodwill impairment charge of $250.8 million for the full fiscal year 2025, primarily recognized in the third quarter. This impairment contributed to a net loss of $250.8 million for the full fiscal year and a net loss of $276.0 million in the third quarter.

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<b>3. Operational Challenges at Monterrey, Mexico Plant.</b>

Quanex experienced persistent operational issues at one of its window and door hardware plants in Monterrey, Mexico. These challenges negatively impacted adjusted EBITDA by approximately $5 million in Q3 2025 and $8 million in Q4 2025, with an anticipated further $3 million drag in the first quarter of fiscal year 2026.

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<b>4. Cautious Outlook for Fiscal Year 2026.</b>

Management issued a cautious outlook for fiscal year 2026, projecting flat revenue and EBITDA, particularly anticipating a weaker first half. This conservative forecast was attributed to ongoing macroeconomic headwinds such as high interest rates and persistent housing affordability challenges, which are expected to continue impacting demand.

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<b>5. Analyst Price Target Reduction.</b>

On December 15, 2025, a Benchmark analyst lowered the price target for Quanex Building Products (NX) from $30.00 to $28.00. This revision, even while maintaining a 'Buy' rating, was followed by a 4.7% decline in the stock price on the day it was announced.

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Stock Movement Drivers

Fundamental Drivers

The 11.6% change in NX stock from 9/27/2025 to 12/27/2025 was primarily driven by a 11.2% change in the company's P/S Multiple.
927202512272025Change
Stock Price ($)13.7315.3211.55%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1839.961837.64-0.13%
P/S Multiple0.340.3811.22%
Shares Outstanding (Mil)45.6945.490.43%
Cumulative Contribution11.55%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
NX11.6% 
Market (SPY)4.3%34.5%
Sector (XLI)3.0%48.1%

Fundamental Drivers

The -19.7% change in NX stock from 6/28/2025 to 12/27/2025 was primarily driven by a -30.5% change in the company's P/S Multiple.
628202512272025Change
Stock Price ($)19.0715.32-19.68%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1625.031837.6413.08%
P/S Multiple0.550.38-30.49%
Shares Outstanding (Mil)46.4845.492.13%
Cumulative Contribution-19.72%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
NX-19.7% 
Market (SPY)12.6%30.2%
Sector (XLI)7.5%44.6%

Fundamental Drivers

The -36.2% change in NX stock from 12/27/2024 to 12/27/2025 was primarily driven by a -57.2% change in the company's P/S Multiple.
1227202412272025Change
Stock Price ($)24.0215.32-36.23%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1277.861837.6443.81%
P/S Multiple0.890.38-57.16%
Shares Outstanding (Mil)47.0945.493.39%
Cumulative Contribution-36.30%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
NX-36.2% 
Market (SPY)17.0%45.5%
Sector (XLI)19.2%50.8%

Fundamental Drivers

The -31.8% change in NX stock from 12/28/2022 to 12/27/2025 was primarily driven by a -38.2% change in the company's Shares Outstanding (Mil).
1228202212272025Change
Stock Price ($)22.4615.32-31.78%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1221.501837.6450.44%
P/S Multiple0.610.38-37.31%
Shares Outstanding (Mil)32.9145.49-38.23%
Cumulative Contribution-41.75%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
NX-49.1% 
Market (SPY)48.0%40.1%
Sector (XLI)41.2%48.6%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
NX Return33%13%-3%31%-20%-36%-2%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
NX Win Rate67%42%50%58%58%42% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
NX Max Drawdown-52%-7%-26%-20%-24%-53% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See NX Returns vs. Peers.
[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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventNXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-36.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven57.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven336 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-58.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven138.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven201 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-48.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven94.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven757 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-70.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven244.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven409 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Quanex Building Products's stock fell -36.3% during the 2022 Inflation Shock from a high on 5/10/2021. A -36.3% loss requires a 57.0% gain to breakeven.

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About Quanex Building Products (NX)

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components. It offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry. The company also provides various non-fenestration components and products, including solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components. It sells its products to OEMs in the building products industry through sales representatives, direct sales force, distributors, and independent sales agents. The company was founded in 1927 and is based in Houston, Texas.

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Quanex Building Products is like the 'Intel Inside' for windows and doors, providing essential components such as insulating glass spacers, vinyl profiles, and screens to manufacturers.

Imagine 3M, but specialized in materials and components for the building products industry, manufacturing key parts for windows, doors, and cabinets.

Quanex Building Products is akin to a Magna International, but for the residential and commercial building sector, supplying critical components to window, door, and cabinet manufacturers.

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  • Warm-Edge Spacers: Advanced spacer systems for insulating glass units that enhance thermal performance and reduce condensation in windows and doors.
  • Vinyl Window & Door Profiles: Extruded vinyl components used by window and door manufacturers to create frames, sashes, and other structural elements.
  • Sealing Solutions: A range of specialized sealants, tapes, and gaskets designed for improved insulation, weather resistance, and sound dampening in fenestration products.
  • Cabinet Components: Custom-manufactured wooden cabinet doors, drawer fronts, and other components primarily supplied to the kitchen and bath industry.

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Quanex Building Products (NX) Major Customers

Quanex Building Products (NX) primarily sells its products to other companies.

Specifically, Quanex serves a diverse base of original equipment manufacturers (OEMs) and distributors. Their customers are predominantly found within the North American and European fenestration (windows and doors) industries, as well as the North American cabinet industry.

According to their latest financial filings (most recently, their 2023 Form 10-K), Quanex Building Products does not have any single "major" customer that accounts for 10% or more of its consolidated net sales. This indicates a highly diversified customer portfolio, meaning specific customer companies that meet the "major customer" disclosure threshold are not publicly identified.

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Here is the management team for Quanex Building Products:

George L. Wilson, Chairman of the Board, President - Chief Executive Officer

Appointed CEO in January 2020, George Wilson has served as Chairman of the Board, President, and Chief Executive Officer of Quanex Building Products. His tenure at Quanex includes roles as the Company's Vice President - Chief Operating Officer from 2017 to 2019, and President and General Manager of the Insulating Glass Systems Division since 2011. He also served as General Manager of Edgetech I.G., Inc. following its acquisition by Quanex in March 2011. Prior to joining Quanex, Mr. Wilson was Vice President of Operations for Lauren Manufacturing (2008-2010) and Vice President of Human Resources for its parent company, Lauren International (2010-2011). He also held various positions, including General Manager, at Federal-Mogul from 1993 to 2008. Mr. Wilson holds an MBA from Indiana University and a Bachelor of Science in Accounting from The University of Akron.

Scott M. Zuehlke, Senior Vice President, Chief Financial Officer and Treasurer

Scott M. Zuehlke has served as Chief Financial Officer, Treasurer, and Senior Vice President of Quanex Building Products since 2019. He joined Quanex in 2016 as Vice President, Investor Relations and Treasurer, and also served as Interim Chief Financial Officer. His previous experience includes positions at Halcón Resources (Vice President, Investor Relations, 2011-2015), Geokinetics (Director, Investor Relations, 2010-2011), Hercules Offshore (Manager, Finance and Investor Relations, 2009-2010), and Invesco (Equity Analyst, 2005-2009; Market Data Associate, 1998-2005). Earlier in his career, he was Vice President of Controller at Quanex Corporation in 2005 and Assistant Controller from 2003 to 2005. Mr. Zuehlke earned an MBA from the University of Houston and a BBA from The University of Texas.

Paul B. Cornett, Senior Vice President, General Counsel and Secretary

Paul Cornett is the Senior Vice President, General Counsel, and Secretary at Quanex Building Products. He joined Quanex in 2005 as a Staff Attorney and has held roles of increasing responsibility, including Assistant General Counsel, Associate General Counsel, Deputy General Counsel, and Vice President, Deputy General Counsel. Prior to Quanex, he was an Associate in the Corporate Group at Fulbright & Jaworski LLP from 2003 to 2005. Mr. Cornett holds a Juris Doctor from the University of Chicago Law School and a Bachelor of Arts in History and Sociology from Rice University.

Kim D. Garcia, Vice President, Chief Human Resources Officer

Kim Garcia serves as the Vice President, Chief Human Resources Officer at Quanex Building Products. She joined Quanex in March 2020 as Vice President, Human Resources, bringing over two decades of human resources experience to the company. Prior to Quanex, she was Vice President of Human Resources for Memorial Hermann Health System (2017-2020) and held key HR leadership roles in various industries. Ms. Garcia holds a Bachelor of Arts in Psychology and Spanish from Rice University, an MBA from the University of Houston, and is pursuing a Doctor of Education in Interdisciplinary Leadership from Creighton University.

Bob Daniels, President, Hardware Solutions

Bob Daniels is the President of Hardware Solutions at Quanex Building Products. His prior roles at Quanex include President of North American Fenestration (2019-2024) and President of Quanex Insulating Glass Systems (2017-2018). Before these roles, he served in various capacities at Homeshield from 1991 to 2017, including Vice President of Sales, Vice President of Strategic Alliances, Vice President Safety & Environmental, Operations Manager, and Product/Manufacturing, Engineering Manager. Mr. Daniels also held positions as Engineering and Operations Manager at Ohio Molding Corp. (1988-1991) and Mechanical Engineer at Chicago Metallic Corp. (1986-1988).

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The key risks to Quanex Building Products (NX) are primarily centered around operational challenges stemming from a recent acquisition, the cyclical nature of the construction industry, and the volatility of raw material costs.

  1. Tyman Acquisition Integration Issues and Operational Challenges: A significant and immediate risk for Quanex Building Products is the integration of the acquired Tyman window and door hardware business, particularly the operations in Mexico. The legacy Tyman business in Mexico has been identified as a "major drag" and a source of "operational issues," leading to a substantial net loss and a large noncash goodwill impairment charge in Q3 2025. Concerns include "material weakness in its internal control over financial reporting" and ongoing operational challenges at the Monterrey facility. Furthermore, there are ongoing securities fraud allegations and shareholder litigation risks related to the alleged downplaying of deteriorating tooling and equipment conditions at the Tyman Mexico facility, which reportedly led to costly repairs and delayed integration benefits.
  2. Cyclical Nature of the Construction Industry and Soft Housing Market: Quanex Building Products operates in a market highly susceptible to the cyclical nature of the construction industry, with its business heavily reliant on residential remodeling, replacement activities, and new housing starts. The company faces challenges due to factors such as interest rates, general economic conditions, and consumer confidence. There are current concerns about a "soft housing market" and "uncertain demand" in both the repair and remodel and new construction markets. Forecasts indicate expected decreases in window shipments for both residential remodeling and new construction in 2025 and 2026.
  3. Raw Material Costs and Supply Chain Disruptions/Inflationary Pressures: Fluctuations in the availability and pricing of critical raw materials, such as aluminum and wood, pose a risk to Quanex's production costs and profit margins. The company also faces ongoing "inflationary pressures" that could impact selling, general, and administrative (SG&A) expenses and material costs, particularly for oil-based and chemical products. Geopolitical tensions are also cited as a factor that could lead to supply chain disruptions and increased energy costs, particularly in Europe.

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Quanex Building Products (NX) operates in several key markets related to building products, primarily focusing on fenestration components.

Addressable Markets for Main Products and Services:

Fenestration Components (Windows and Doors)

  • Global Fenestration Market: The global Windows & Doors (Fenestration) Market was valued at USD 197.3 billion in 2023 and is projected to reach USD 291.5 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 5% from 2024 to 2031.
  • North America Doors and Windows Market: This market was valued at USD 64.08 billion in 2023 and is expected to reach USD 83.22 billion by 2029, with a CAGR of 4.45% during the forecast period of 2023-2029.

Insulating Glass Spacers (Warm-Edge Spacers)

  • Global Insulating Glass Market: The global insulating glass market size was valued at USD 15.11 billion in 2024 and is projected to grow to USD 22.91 billion by 2032, exhibiting a CAGR of 5.6%. Another report estimates the global insulating glass window market was valued at USD 12.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2034. Furthermore, the global insulating glass market was valued at USD 12.56 billion in 2024 and is projected to reach USD 30.51 billion by 2035, growing at a CAGR of 8.40% from 2025 to 2035.
  • North America Insulating Glass Market: This market is estimated to reach USD 2.98 billion in 2025. The U.S. market specifically is estimated to reach USD 2.20 billion in 2025. North America held over a 36% share of the insulating glass window market in 2023.
  • North America Warm Edge Spacer Market: The North America warm edge spacer market size was valued at USD 226.73 million in 2024 and is anticipated to reach USD 315.32 million by 2033, growing at a CAGR of 3.73% during the forecast period from 2025 to 2033. The U.S. warm edge spacer market is experiencing notable growth and is set to cross USD 220 million. North America held the largest share (42%) in the Global Warm Edge Spacer Market in 2023.

Extruded Vinyl Profiles

  • North America Plastic Extrusion Market: The North America Plastic Extrusion Market was valued at USD 28.50 billion in 2024 and is projected to reach USD 43.89 billion by 2031, growing at a CAGR of 6.12% during the forecast period of 2024-2031. The plastic segment held a significant share in the North America extrusion machinery market in 2023, which was valued at USD 1.67 billion in 2023 and is projected to grow.

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Quanex Building Products (NX) is expected to drive future revenue growth over the next 2-3 years through several key initiatives: * Strategic Acquisitions and Integration: The acquisition of Tyman, which closed in August 2024, is a significant driver of revenue growth. It has already contributed substantially to sales increases and is expected to continue enhancing product offerings and driving organic growth through new opportunities. The integration of Tyman is progressing, with anticipated cost synergies projected to reach $45 million. * Market Recovery and Volume Growth: While the company has experienced soft volumes in some segments, particularly in North America, market improvements are anticipated in fiscal year 2026. A modest improvement in window shipments is also expected in 2024, with further increases projected for 2025. This anticipated rebound in demand within key building products markets is expected to contribute to future revenue expansion. * Pricing Strategies: Price increases have historically contributed to Quanex's revenue growth, offsetting lower volumes in some instances. The company has demonstrated the ability to implement pricing adjustments, which is likely to remain a factor in revenue generation. * Operational Improvements and Efficiency: Remediation efforts, including leadership changes, capital, and process upgrades, are underway at the Monterrey, Mexico hardware facility, with tangible benefits expected in early fiscal year 2026. These operational improvements are aimed at addressing past challenges and are expected to positively impact future results, potentially leading to more efficient production and improved revenue.

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Share Repurchases

  • Quanex's Board authorized a $75 million share repurchase program in December 2021.
  • The company repurchased 1,259,407 shares for approximately $23.5 million during the three months ended April 30, 2025.
  • As of July 31, 2025, approximately $33.6 million remained under the existing share repurchase authorization.

Share Issuance

  • The acquisition of Tyman plc, completed on August 1, 2024, was partially funded through newly issued Quanex common shares.
  • The issuance of common stock amounted to $214 million during the three months ended January 31, 2025, primarily related to the Tyman acquisition.

Outbound Investments

  • Quanex completed the strategic acquisition of Tyman plc on August 1, 2024, aiming to expand its global reach, enhance product offerings, and achieve significant cross-selling opportunities.
  • The Tyman acquisition's cost synergy target was initially set at $30 million annually and later increased to $45 million annually.

Capital Expenditures

  • Capital expenditures for the full year 2024 were approximately $37.1 million, derived from cash provided by operating activities of $88.8 million and free cash flow of $51.7 million.
  • Capital expenditures for the full year 2023 were approximately $37.4 million, derived from cash provided by operating activities of $147.1 million and free cash flow of $109.7 million.
  • The company's capital allocation priorities include paying down debt and evaluating growth opportunities, which would influence future capital expenditures.

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
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LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
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7.1%7.1%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.9%2.9%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
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Peer Comparisons for Quanex Building Products

Peers to compare with:

Financials

NXHPQHPEIBMCSCOAAPLMedian
NameQuanex B.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price15.3223.2624.49305.0978.16273.4051.32
Mkt Cap0.721.932.6284.9309.24,074.4158.8
Rev LTM1,83855,29534,29665,40257,696408,62556,496
Op Inc LTM1193,6241,64411,54412,991130,2147,584
FCF LTM1022,80062711,85412,73396,1847,327
FCF 3Y Avg882,9781,40011,75313,879100,5037,366
CFO LTM1653,6972,91913,48313,744108,5658,590
CFO 3Y Avg1343,6723,89613,49814,736111,5598,697

Growth & Margins

NXHPQHPEIBMCSCOAAPLMedian
NameQuanex B.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM43.8%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg16.5%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q-0.5%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-0.1%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM6.4%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg6.8%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM2.2%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM9.0%6.7%8.5%20.6%23.8%26.6%14.8%
CFO/Rev 3Y Avg9.6%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM5.6%5.1%1.8%18.1%22.1%23.5%11.8%
FCF/Rev 3Y Avg6.4%5.5%4.6%18.6%24.6%25.6%12.5%

Valuation

NXHPQHPEIBMCSCOAAPLMedian
NameQuanex B.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.721.932.6284.9309.24,074.4158.8
P/S0.40.41.04.45.410.02.7
P/EBIT-3.76.819.925.122.531.321.2
P/E-2.88.6572.736.029.941.033.0
P/CFO4.25.911.221.122.537.516.2
Total Yield-33.8%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield2.1%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg10.5%10.6%5.5%6.4%6.0%3.1%6.2%
D/E1.20.50.70.20.10.00.4
Net D/E1.10.30.60.20.00.00.3

Returns

NXHPQHPEIBMCSCOAAPLMedian
NameQuanex B.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn19.6%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn11.6%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn-19.7%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-36.2%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-31.8%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn20.4%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn7.2%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn-31.9%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-53.7%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-115.0%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Tyman1,243    
North American (NA) Fenestration374379279269253
Unallocated Corporate (Corp.) & Other31554463341
European (EU) Fenestration240239224237223
North American (NA) Cabinet Components (Comp.)148159176179175
Total2,320831725717692


Price Behavior

Price Behavior
Market Price$15.32 
Market Cap ($ Bil)0.7 
First Trading Date12/30/1987 
Distance from 52W High-36.2% 
   50 Days200 Days
DMA Price$13.98$16.89
DMA Trenddowndown
Distance from DMA9.6%-9.3%
 3M1YR
Volatility45.3%54.2%
Downside Capture112.61187.51
Upside Capture142.56114.46
Correlation (SPY)35.2%45.6%
NX Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.001.531.701.951.361.28
Up Beta2.301.492.692.961.581.46
Down Beta0.071.820.851.340.580.79
Up Capture134%92%11%115%118%153%
Bmk +ve Days13263974142427
Stock +ve Days9212959106360
Down Capture256%172%276%220%146%109%
Bmk -ve Days7162452107323
Stock -ve Days11213466142386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of NX With Other Asset Classes (Last 1Y)
 NXSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-37.8%19.3%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility53.9%18.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.690.800.722.700.340.09-0.08
Correlation With Other Assets 50.9%45.7%-10.3%9.9%43.2%19.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of NX With Other Asset Classes (Last 5Y)
 NXSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-6.2%13.8%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility42.3%17.2%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio-0.020.650.700.970.500.160.57
Correlation With Other Assets 55.8%46.6%0.4%12.8%44.1%17.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of NX With Other Asset Classes (Last 10Y)
 NXSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-1.2%13.5%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility42.3%19.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.120.600.710.860.320.220.90
Correlation With Other Assets 58.5%51.1%1.5%20.7%48.3%12.6%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity3,014,034
Short Interest: % Change Since 113020253.7%
Average Daily Volume1,259,692
Days-to-Cover Short Interest2.39
Basic Shares Quantity45,495,000
Short % of Basic Shares6.6%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
12/11/20259.5%7.8% 
9/4/2025-13.1%-27.4%-29.2%
6/5/202510.6%16.6%21.6%
3/10/2025-9.2%-2.4%-20.1%
12/12/2024-2.4%-19.8%-17.3%
9/5/202421.8%8.2%10.1%
6/6/20244.0%-4.4%-13.3%
3/7/2024-2.4%0.8%11.3%
...
SUMMARY STATS   
# Positive161311
# Negative81113
Median Positive5.5%7.8%11.3%
Median Negative-8.6%-10.3%-12.4%
Max Positive23.4%28.4%27.9%
Max Negative-16.8%-27.4%-43.8%

SEC Filings

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Report DateFiling DateFiling
103120251212202510-K 10/31/2025
7312025905202510-Q 7/31/2025
4302025606202510-Q 4/30/2025
1312025311202510-Q 1/31/2025
103120241216202410-K 10/31/2024
7312024906202410-Q 7/31/2024
4302024607202410-Q 4/30/2024
1312024308202410-Q 1/31/2024
103120231215202310-K 10/31/2023
7312023901202310-Q 7/31/2023
4302023602202310-Q 4/30/2023
1312023310202310-Q 1/31/2023
103120221216202210-K 10/31/2022
7312022902202210-Q 7/31/2022
4302022603202210-Q 4/30/2022
1312022304202210-Q 1/31/2022