BUKS · Butler National Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | $262.0K | - | - | $220.0K | - | - | $828.0K | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $17.68M | $16.17M | $15.46M | $16.51M | $17.15M | $16.29M | $16.00M | $15.16M | $16.05M | $15.32M |
| D&A | $1.69M | $1.69M | $1.70M | $1.66M | $1.77M | $1.60M | $840.0K | $1.51M | $1.42M | $756.0K |
| Operating Income | $9.24M | $7.08M | $4.67M | $4.85M | $4.03M | $3.54M | $3.60M | $3.79M | $1.14M | $4.00M |
| Interest Expense | $478.0K | $501.0K | $523.0K | $538.0K | $557.0K | $565.0K | $615.0K | $615.0K | $639.0K | $707.0K |
| Income Tax | $1.26M | $2.80M | $630.0K | - | - | - | - | - | - | - |
| Net Income | $6.70M | $5.99M | $3.69M | $4.95M | $3.38M | $2.25M | $4.95M | $2.38M | $719.0K | $2.68M |
| EPS - Basic | $0.10 | $0.09 | $0.06 | $0.05 | $0.05 | $0.03 | $0.07 | $0.03 | $0.01 | $0.03 |
| EPS - Diluted | $0.10 | $0.09 | $0.06 | $0.05 | $0.05 | $0.03 | $0.07 | $0.03 | $0.01 | $0.03 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.49M | $29.64M | $33.44M | $25.23M | $30.71M | $17.83M | $17.79M | $17.89M | $14.24M | $22.00M |
| Accounts Receivable | $12.17M | $7.52M | $7.60M | $5.87M | $6.29M | $7.33M | $5.78M | $6.14M | $3.26M | $3.79M |
| Inventory | $12.10M | $11.46M | $10.53M | $10.92M | $10.37M | $9.63M | $9.52M | $10.54M | $9.05M | $8.95M |
| Accounts Payable | $17.94M | $9.86M | $17.42M | $8.62M | $13.87M | $4.84M | $5.29M | $8.50M | $4.17M | $5.32M |
| Current Assets | $66.36M | $53.15M | $54.54M | $47.31M | $52.71M | $39.01M | $38.60M | $38.79M | $31.78M | $40.16M |
| Total Assets | $140.98M | $128.18M | $130.28M | $123.30M | $128.60M | $114.65M | $113.97M | $113.28M | $105.00M | $113.91M |
| Current Liabilities | $35.21M | $27.10M | $32.64M | $24.41M | $31.10M | $22.42M | $22.92M | $25.23M | $22.21M | $25.38M |
| Long-term Debt | $25.58M | $26.99M | $28.51M | $29.87M | $31.21M | $32.00M | $33.24M | $34.78M | $37.25M | $38.42M |
| Total Liabilities | $64.64M | $57.97M | $65.04M | $58.18M | $66.23M | $58.36M | $59.53M | $63.37M | $62.78M | $67.13M |
| Stockholders' Equity | $76.34M | $70.21M | $56.29M | $65.11M | $62.37M | $56.29M | $54.44M | $49.91M | $42.22M | $46.78M |
| Retained Earnings | $75.91M | $69.21M | $63.21M | $59.53M | $56.20M | $49.22M | $46.98M | $42.52M | $35.18M | $34.46M |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $14.70M | - | - | $2.95M | - | - | ($862.0K) | - |
| Investing Cash Flow | - | - | ($1.44M) | - | - | ($1.18M) | - | - | ($461.0K) | - |
| Financing Cash Flow | - | - | ($5.04M) | - | - | ($1.73M) | - | - | ($6.44M) | - |
| CapEx | - | - | $1.44M | - | - | $1.18M | - | - | $901.0K | - |
| Free Cash Flow | - | - | $13.26M | - | - | $1.77M | - | - | ($1.76M) | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 3.60 | - | - | 0.79 | - | - | -2.45 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 15.8% | 31.8% | 14.6% | - | - | - | - | - | - | - |
| Return on assets | 4.8% | 4.7% | 2.8% | 4.0% | 2.6% | 2.0% | 4.3% | 2.1% | 0.7% | 2.4% |
| Return on equity | 8.8% | 8.5% | 6.5% | 7.6% | 5.4% | 4.0% | 9.1% | 4.8% | 1.7% | 5.7% |
| Return on invested capital | 7.6% | 5.0% | 4.7% | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.88 | 1.96 | 1.67 | 1.94 | 1.69 | 1.74 | 1.68 | 1.54 | 1.43 | 1.58 |
| Quick ratio | 1.54 | 1.54 | 1.35 | 1.49 | 1.36 | 1.31 | 1.27 | 1.12 | 1.02 | 1.23 |
| Cash ratio | 1.04 | 1.09 | 1.02 | 1.03 | 0.99 | 0.80 | 0.78 | 0.71 | 0.64 | 0.87 |
| Leverage | ||||||||||
| Debt / Equity | 0.34 | 0.38 | 0.51 | 0.46 | 0.50 | 0.57 | 0.61 | 0.70 | 0.88 | 0.82 |
| Debt / Assets | 0.18 | 0.21 | 0.22 | 0.24 | 0.24 | 0.28 | 0.29 | 0.31 | 0.35 | 0.34 |
| Debt / EBITDA | 2.34 | 3.08 | 4.48 | 4.59 | 5.39 | 6.23 | 7.49 | 6.56 | 14.55 | 8.07 |
| Interest coverage | 19.3x | 14.1x | 8.9x | 9.0x | 7.2x | 6.3x | 5.9x | 6.2x | 1.8x | 5.7x |
| Equity multiplier | 1.85 | 1.83 | 2.31 | 1.89 | 2.06 | 2.04 | 2.09 | 2.27 | 2.49 | 2.43 |
| Liabilities / Assets | 0.46 | 0.45 | 0.50 | 0.47 | 0.52 | 0.51 | 0.52 | 0.56 | 0.60 | 0.59 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 30.0x | 26.7x | 27.3x | 29.8x | 34.0x | 30.7x | 12.0x | 26.0x | 79.0x | 23.0x |
| P / B | 2.5x | 2.2x | 1.9x | 1.6x | 1.8x | 1.1x | 1.1x | 1.1x | 1.4x | 1.1x |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 16.6x | 17.4x | 16.5x | 16.3x | 19.7x | 15.1x | 16.6x | 13.4x | 32.2x | 14.6x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 129.5% | 45.8% | 32.0% | 34.9% | 6.1% | 211.0% | -10.1% | 12.1% | -30.0% | -15.6% |
| Net income growth (YoY) | 98.3% | 21.1% | 64.1% | 0.0% | 41.8% | 212.4% | 84.5% | 20.5% | 66.8% | -14.8% |
| EPS growth (YoY) | 100.0% | 80.0% | 100.0% | -28.6% | 66.7% | 200.0% | 133.3% | 0.0% | 0.0% | -25.0% |
| EPS CAGR (3y) | 49.4% | 44.2% | 81.7% | 7.7% | 7.7% | -9.1% | - | 44.2% | - | 0.0% |
| EPS CAGR (5y) | 58.5% | - | - | 10.8% | 20.1% | 0.0% | 18.5% | 8.4% | 0.0% | - |
| FCF growth (YoY) | - | - | 649.2% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | 91.2% | - | - | 10.3% | - | - | - | - |
| Book value growth (YoY) | 22.4% | 7.8% | 0.0% | 19.6% | 25.0% | 33.3% | 16.4% | 7.5% | 1.1% | 14.6% |
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing BUTLER NATIONAL CORP against the 5 most active filers in the same SIC group.