# Quanex Building Products Corporation (NX)

> Source: Nexqual · https://nexqual.com/NX · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Quanex Building Products Corporation (NX), nexqual.com/NX" · informational, not investment advice.

**Price:** USD 20.65 (+3.56% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 19.94 · day 19.72–21.21 · 52w 11.04–23.33 · market cap $946M · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $1.86B, net income $45.4M (2.4% margin), free cash flow $90.8M (SEC filings).
- Valuation: P/E 20.9x (avg 21.5x at the last 2 fiscal year-ends), EV/EBITDA 7.3x, net debt $575M.
- 1 of 80 tracked superinvestors hold NX (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 26 (range 23–30).
- Total return with dividends: 1Y +37.9% vs S&P 500 +14.9%; 5Y +6.4% vs S&P 500 +80.3%.
- Next earnings: 2026-09-03, EPS estimate USD 0.79, revenue estimate $501M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.07B | $1.22B | $1.13B | $1.28B | $1.84B | $1.86B |
| Gross profit | $241M | $268M | $278M | $306M | $499M | — |
| Operating income | $81.9M | $111M | $111M | $54.8M | -$194M | $111M |
| Net income | $57.0M | $88.3M | $82.5M | $33.1M | -$251M | $45.4M |
| EPS (diluted) | $1.70 | $2.66 | $2.50 | $0.90 | -$5.43 | — |
| Free cash flow | $54.6M | $64.8M | $110M | $51.7M | $102M | $90.8M |
| Gross margin | 22.4% | 22.0% | 24.5% | 23.9% | 27.2% | — |
| Operating margin | 7.6% | 9.1% | 9.8% | 4.3% | -10.6% | 6.0% |
| Net margin | 5.3% | 7.2% | 7.3% | 2.6% | -13.6% | 2.4% |
| Revenue growth | +25.9% | +13.9% | -7.4% | +13.0% | +43.8% | — |
| Cash + short-term investments | $40.1M | $55.1M | $58.5M | $97.7M | $76.0M | — |
| Total debt | $53.5M | $32.2M | $70.0M | $777M | $704M | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 20.9x · P/S 0.5x · EV/EBITDA 7.3x · EV/Sales 0.8x · P/FCF 10.4x · P/B 1.3x · FCF yield 9.60% · Earnings yield 4.79% · Dividend yield (paid, TTM) 1.54% · Buyback yield (TTM) 0.51% · Net debt $575M · EV $1.52B
P/E at fiscal year-ends: Oct 2024 32.2x, Oct 2023 10.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.01% | $8.8M | Reduced -2.0% |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 26 (low 23, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-10 | StoneX | Reiterated | Buy | $28 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +37.9% | +6.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +38.0% | +1.3% |
| Volatility (annualized) | 54.3% | 47.0% |
| Max drawdown | -31.3% (Feb 2026→Jun 2026) | -68.1% (Mar 2024→Nov 2025) |

## Peers (Building Products & Equipment)
APOG (Apogee Enterprises, Inc.) USD 44.29 +1.40% · NPKI (NPK International Inc.) USD 10.76 -2.98% · SWIM (Latham Group, Inc.) USD 6.54 +3.65% · ROCK (Gibraltar Industries, Inc.) USD 39.27 +1.26% · ARLO (Arlo Technologies, Inc.) USD 12.6 +3.70% · JBI (Janus International Group, Inc.) USD 4.52 +5.85%

## More
Full page: https://nexqual.com/NX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Hardware Solutions | $220.9M | 44.0% | -2.7% | $14.3M | 6.5% |
| Extruded Solutions | $179.3M | 35.7% | +2.8% | $28.4M | 15.8% |
| Custom Solutions | $111.0M | 22.1% | +8.5% | $6.7M | 6.0% |
| Corporate costs (not allocated) | — | — | — | -$2.9M | — |
| Total revenue | $501.8M | 100% | — | $46.5M | 9.3% |
The lines above cover 101.9% of total revenue.

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Window & Door Hardware | $133.0M | 26.5% | -10.3% |
| Screens | $85.8M | 17.1% | +11.7% |
| Window Profiles | $75.7M | 15.1% | -1.4% |
| Spacers | $60.0M | 12.0% | +8.7% |
| Wood Solutions | $59.3M | 11.8% | +11.0% |
| Access Solutions | $29.5M | 5.9% | +7.7% |
| Mixing Solution | $22.2M | 4.4% | +3.5% |
| Seals & Gaskets | $20.2M | 4.0% | -0.9% |
| Solar | $5.4M | 1.1% | +2.4% |
| Product Type Other | $5.1M | 1.0% | +65.9% |
| Flashing Tape | $2.8M | 0.6% | -7.1% |
| Other Hardware Solutions | $2.1M | 0.4% | +2.5% |
| Total revenue | $501.8M | 100% | — |

## Revenue by region (fiscal year ended 2025-10-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $1.25B | 67.9% | +34.7% |
| Europe | $450.4M | 24.5% | +66.1% |
| Canada | $66.0M | 3.6% | +86.9% |
| Asia | $58.8M | 3.2% | +144.3% |
| Other Foreign Countries | $14.3M | 0.8% | -30.0% |
| Total revenue | $1.84B | 100% | — |

## Customer concentration

Period ended 2025-10-31: 10% of revenue from unnamed direct customers (10-K, filed 2025-12-12).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.79 | $0.75 | +4.7% | $500.7M | 4 |
| Next quarter (ends 2027-01-31) | $-0.03 | $0.02 | -250.0% | $408.2M | 4 |
| Current fiscal year (ends 2026-10-31) | $1.82 | $1.65 | +10.2% | $1.87B | 4 |
| Next fiscal year (ends 2027-10-31) | $1.97 | $2.10 | -6.2% | $1.88B | 4 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 60.8% | ±13.6% |
| 2026-12-18 | 56 | 61.2% | ±19.0% |
| 2027-03-19 | 147 | 56.9% | ±27.8% |
| 2027-06-17 | 237 | 55.2% | ±33.9% |