CompX International, Inc. (CIX)
AMEXIndustrialsSecurity & Protection ServicesSnapshot 2026-09-04
$35.00-2.59%
Close 2026-09-04 · 1-day change
AMEXIndustrialsSecurity & Protection ServicesSnapshot 2026-09-04
Intact: The reason to own it still holds.
CompX International grows revenue from $37.7M to $40.6M in one quarter. Operating income rose from $5.65M to $7.05M, showing better cost control. Gross profit improved from $12.1M to $13.3M, proving margin gains. The stock trades cheap with a PE of 15.5 versus peers at 27.
Revenue growth could slow below analyst expectations of 5%. Profit margins might shrink if cost pressures rise. The company faces sector headwinds and fragile quality signals.
The price is about 12% below our fair value near $29. Analysts expect 5% revenue growth. Our view aligns with these expectations, seeing justified valuation.
Breaks if: Gross profit falls below $13M next quarter
Focus on improving gross margins through favorable product mix and cost management.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This is a long-term thesis on a company with a stable management team and a focus on improving revenue and operating income. The current state reflects strong recent financial performance, but there are concerns about potential earnings misses in the near term.
The valuation is considered cheap compared to peers, with a notable expectations gap. The market seems to have priced in some fragility due to weak execution quality, but not to an extreme degree.
Management is on track with priorities to increase revenue growth, improve operating income, and enhance gross profit margins. However, there is a 60% probability of a near-term earnings miss, which could impact the company's performance.
The thesis hinges on the performance of sector bellwethers like ALLE, MSA, and BCO. If these companies continue to perform well, it could provide a favorable backdrop for CIX. Conversely, any negative guidance from these peers could lead to challenges for CIX.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 3 of last 3 quarters. Gross profit increased from $12.9 million in 2025-Q2 to $15.5 million in 2026-Q2, reflecting favorable product mix and cost management. The trajectory shows delivering on margin enhancement.
“Gross margin was $15.5 million in the second quarter of 2026 compared to $12.9 million in the same period of 2025.”
“Gross margin increased to $13.3 million in the first quarter of 2026 from $12.2 million in the same period of 2025.”
“Gross margin improvements contributed to higher operating income.”
Breaks if: Operating income falls below $7M next quarter
Increase operating income through higher sales and improved gross margins in key segments.
Stated as a priority in 3 of last 3 quarters. Operating income increased from $6.3 million in 2025-Q2 to $8.9 million in 2026-Q2, driven by higher sales and gross margin improvements. Management is delivering on improving operating income.
“Operating income was $8.9 million in the second quarter of 2026 compared to $6.3 million in the same period of 2025.”
“Operating income was $7.1 million in the first quarter of 2026 compared to $5.9 million in the same period of 2025.”
“Operating income increased reflecting higher sales and gross margin improvements.”
Breaks if: YoY revenue growth falls below 5% next year
Focus on growing net sales through higher Security Products and Marine Components sales across multiple markets.
Stated as a priority in 3 of last 3 quarters. Revenue grew from $40.3 million in 2025-Q2 to $43.6 million in 2026-Q2, driven by higher sales in Security Products and Marine Components segments. The trajectory is delivering consistent growth as management emphasized.
“Second quarter 2026 net sales increased over the comparable 2025 periods due to higher Security Products sales and higher Marine Components sales.”
“First quarter 2026 net sales increased over the comparable 2025 period due to higher Marine Components sales partially offset by lower Security Products sales.”
“Net sales increased reflecting growth in Security Products and Marine Components segments.”
Over the next one to three years, CIX's performance will depend on its ability to navigate sector dynamics and manage execution risks. Not investment advice.