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Enpro NPO Advanced Surface Technologies — Inventory adjustments

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Other financials

Income statement

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Revenue$303.0M+10.9%
Gross profit$130.0M+10.0%
Operating income$43.5M+4.1%
Net income$27.4M+11.8%
EPS (diluted)$1.29+12.2%

Balance sheet

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Cash & equivalents$79.2M-67.0%
Total debt$617.8M-4.5%
Total equity$1.6B+6.9%
Total assets$2.6B+5.1%

Cash flow

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Operating cash flow$39.6M+88.6%
CapEx$12.2M+52.5%
Free cash flow$27.4M+111%

Valuation

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Market cap$6.95B+50.8%
Enterprise value$7.49B+50.4%
P/E69.6×
P/S5.9×+1.7×

Profitability

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Gross margin42.6%-0.4pp
Operating margin13.9%-0.7pp
Net margin7.8%
FCF margin14.8%+0.8pp

Returns & leverage

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Return on equity5.8%
Debt / equity0.4×0.0×
Current ratio2.2×-0.7×

Where this comes from

Reported directly by Enpro in its filing.

Tagged under the XBRL concept us-gaap:BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentInventory.

The source filing: Enpro’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:30 PM EST
Fiscal year
FY2025
Accession
0001628280-26-009798
(in millions)Sealing TechnologiesAdvanced Surface TechnologiesTotal
Selling, General, and Administrative(167.7)(108.3)
Other Operating1(0.5)(1.7)
Adjusting Items:
Acquisition expenses8.5
Amortization of fair value adjustment to acquisition date inventory2.2
Restructuring and impairment expense, net0.51.7
Depreciation and amortization expense35.667.2
Adjusted Segment EBITDA$240.7$83.9$324.6

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Enpro's advanced surface technologies — inventory adjustments?
Enpro (NPO) reported advanced surface technologies — inventory adjustments of $0 in Q4 2025.
What does advanced surface technologies — inventory adjustments mean?
This metric captures write-downs, valuation allowances, or other adjustments made to the carrying value of inventory within the segment. It reflects the impact of obsolescence, market price declines, or physical damage to stock. Frequent or large adjustments may indicate issues with supply chain management or product demand forecasting.

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