Enpro (NPO) FY2025 results: revenue $1.1 billion, up 9.0% on the year
Enpro Inc. (NPO) reported revenue of $1.1 billion for fiscal 2025, the year ended 31 December 2025, up 9.0% on the year before. Net income was $40 million, down 44.4%, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2026.
Revenue
$1.1 billion
+9.0% on the year
FY2018FY2025
Operating margin
14.1%
13.6% a year earlier
FY2018FY2025
Net income
$40 million
-44.4% on the year
FY2018FY2025
Diluted EPS
$1.91
-44.6% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 raised, 3 new.
Sealing segment profit rose 21.1%: Sealing Technologies sales were $187.1 million, up 14.8%. Adjusted segment EBITDA was $61.3 million, with margin of 32.8% against 31.0%.
AST segment EBITDA rose 3.3%: AST adjusted segment EBITDA was $21.8 million, up 3.3%, with margin of 20.1% against 22.1% a year earlier.
Full-year margin held at 24.3%: Full-year adjusted EBITDA margin was 24.3%, even with 2024. Sales growth was offset by higher operating expenses for growth initiatives.
AST order activity expected to improve: Management said improved AST order activity will begin to be realized in the second half of 2026.
Free cash flow rose 18%: Free cash flow was $153.1 million for 2025, after $48.1 million of capital expenditures and capitalized software. Operating cash flow was $201.2 million, up 24%.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
201
163
208
+23.5%
Capital expenditure
42.0
29.1
33.9
+44.3%
Free cash flow
159
134
174
+19.0%
Free cash flow margin
13.9%
12.8%
16.4%
Cash from investing
-317
-242
-7.4
Cash from financing
-17.4
-50.5
-171
Depreciation and amortisation
103
100
94.5
+2.5%
Share-based compensation
13.5
12.0
9.8
+12.5%
Dividends paid
26.2
25.3
24.3
+3.6%
Dividend per share
$1.24
$1.20
$1.12
+3.3%
Diluted shares, weighted
21m
21m
21m
+0.5%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
1,544
1,429
1,410
+8.1%
Redeemable equity
0.0
0.0
17.9
Debt
655
640
647
+2.4%
Operating lease liabilities
53.4
44.4
40.6
+20.3%
Other liabilities
410
378
384
+8.5%
Total liabilities and equity
2,663
2,492
2,500
+6.9%
Fixed assets
222
193
194
+14.6%
Goodwill
1,065
896
808
+18.8%
Cash and equivalents
115
236
370
-51.5%
Inventory
154
139
143
+10.8%
Other assets
1,108
1,027
985
+7.9%
Total assets
2,663
2,492
2,500
+6.9%
10-K for the year ended 31 December 2025, filed 19 February 2026: the filing.