How many subsidiaries does NLI HOLDINGS, INC. file with the SEC?

5, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, New York, New Jersey). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is NLI HOLDINGS, INC. financially healthy?

NLI HOLDINGS, INC. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of NLI HOLDINGS, INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (trimming), RENAISSANCE TECHNOLOGIES LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

NLI HOLDINGS, INC. (NL)

NYSE · Common Stock · Industrial Inorganic Chemicals

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

5 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-09 — see the exhibit.

Which other public companies file entities in the same places:

Delaware2 New Jersey2 New York1

Subsidiaries of NLI HOLDINGS, INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
CompX International Inc. (2)	Delaware
Kronos Worldwide, Inc. (3)	Delaware
EWI RE, Inc.	New York
NL Environmental Management Services, Inc.	New Jersey
NLKW Holding, LLC	New Jersey

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

FAILReturn on assets positiveROA -8.1%
FAILOperating cash flow positiveOCF -36M
FAILReturn on assets improving11.6% → -8.1%
PASSCash flow exceeds earningsOCF -36M vs NI -38M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving2.61 → 7.77
FAILNo share dilution49M → 49M shares
PASSGross margin improving28.3% → 30.4%
PASSAsset turnover improving0.25× → 0.34×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$114.5M	$14.7M	$17.3M	28.7%	48,776,000
FY2021	$140.8M	$51.2M	$13.5M	30.4%	48,797,000
FY2022	$166.6M	$33.8M	$23.2M	29.3%	48,811,000
FY2023	$161.3M	−$2.3M	$35.9M	30.5%	48,827,000
FY2024	$145.9M	$67.2M	$24.1M	28.3%	48,842,000

Ownership flow

9 institutions tracked — 5 added, 2 reduced, 2 opened a new position.

Institutional holders of NLI HOLDINGS, INC. and their share-count change
Manager	Kind	Shares	Change	Value
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	182,714	+20,244	$1.1M
MORGAN STANLEY	Active fund	82,921	+11,765	$493,387
BlackRock, Inc.	Index	540,104	+10,395	$3.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	217,427	−7,087	$1.3M

Identity

CIK: 0000072162
LEI: 2138007QR36GJYDTE253
FIGI: BBG000BQ0543
SIC: 2810 · Industrial Inorganic Chemicals
Incorporated: DE
Headquarters: DALLAS, TX

Ownership

Institutional: 12.7%
Institutions: 124
Insiders: 83.0%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Questions about NLI HOLDINGS, INC.

How many subsidiaries does NLI HOLDINGS, INC. file with the SEC?: 5, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Delaware, New York, New Jersey). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is NLI HOLDINGS, INC. financially healthy?: NLI HOLDINGS, INC. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of NLI HOLDINGS, INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (trimming), RENAISSANCE TECHNOLOGIES LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.