CompX International Inc. (NYSE American: CIX) is a Delaware-incorporated engineered components manufacturer that produces mechanical and electrical cabinet locks, locking mechanisms, and recreational marine hardware. The company generates revenue through transactional product sales across two segments: Security Products and Marine Components. Security Products covers cabinet locks and locking mechanisms sold to postal, recreational transportation, office furniture, cabinetry, tool storage, and healthcare markets. Marine Components covers wake enhancement systems, stainless steel exhaust systems, gauges, throttle controls, trim tabs, and related accessories for the recreational marine and adjacent industries. CIX sells through a combination of direct OEM relationships and locksmith distributors, with a stated significant North American market share in cabinet lock security products. The United States Postal Service was the single largest customer at 26% of consolidated net sales in FY2025, and the top ten customers accounted for approximately 52% of consolidated net sales in FY2025. All production facilities are located in the United States. NL Industries (NYSE: NL) owned approximately 87% of CIX's outstanding common stock as of December 31, 2025.
- Revenue model
- Transactional product sales to OEM customers and distributors across two segments. Security Products sold direct and through locksmith distribution channels. Marine Components sold to recreational marine OEMs and various industrial and government markets.
- Products and services
- Security Products segment: mechanical and electrical cabinet locks and locking mechanisms under brands including National Cabinet Lock, Fort Lock, Chicago Lock, Timberline Lock, CompX eLock, ACE, ACE II, StealthLock, TuBar, KeSet, STOCK LOCKS, GEM, Turbine, ecoForce, Pearl, CompXpress, SlamCAM, Lockview, System 64, RegulatoR, NARC iD, NARC, and others. Marine Components segment: wake enhancement systems, stainless steel exhaust systems, gauges, throttle controls, trim tabs, grab handles, pin cleats, and fabricated metal products under brands including CompX Marine, Custom Marine, Livorsi Marine, Livorsi II Marine, CMI Industrial, Custom Marine Stainless Exhaust, Mega Rim, Race Rim, Vantage View, GEN-X, and The Number 1 Choice in Performance Boating.
- Customers and end markets
- End markets include postal (United States Postal Service at 26% of FY2025 consolidated net sales), recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare, recreational marine, towboat, and industrial. Top ten customers represented approximately 52% of consolidated net sales in FY2025. Customer base described as diverse with one customer exceeding the 10% threshold.
- Value-chain role
- Manufacturer of engineered components sold to OEM customers and through distributors. Products are intermediate components integrated into end products by OEM customers or sold as replacement and aftermarket parts through locksmith and marine distributors.
- Geographic exposure
- All production facilities located in the United States as of the 10-K filed 2026-03-04. Security Products competes against domestic and foreign manufacturers. Marine Components competes primarily with small domestic manufacturers.
- Competitors
- Domestic cabinet lock and locking mechanism manufacturers, Foreign cabinet lock and locking mechanism manufacturers, Small domestic marine components manufacturers, Low-cost manufacturers sourced from Asia
