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Butler National Corporation designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. It operates through two segments, Aerospace Products and Professional Services. The Aerospace Products segment designs, manufactures, sales, and services structural modifications, design, integration, and installation of electronic equipment, systems, and technologies, as well as commercial controls, cabling, and defence related articles; and operates repair stations. Its products include aerial surveillance, aerodynamic enhancement, airplane range extension, avcon stability enhancing fins, airplane nose extension, cargo/sensor carrying pods and radomes, fuel system protection devices, navigation / flight display installations, crew work stations, electrical power systems and switching equipment, enlarged aircraft doors, powered airplane sensor lifts, and specialized cabling and harnesses products; and provisions to allow carrying of external stores. The company also provides modifications on aerial photograph capabilities, aerodynamic improvements, avionics systems, cargo or expanded-sized doors, search and rescue, airborne research capability, extended range fuel tanks, radar systems, intelligence surveillance reconnaissance, special mission modifications, target towing capability, and electrical systems integration; and cabling, electronic control systems, hangfire override modules, test equipment, and gun control units. The Professional Services segment manages a gaming, dining, and entertainment facility. It serves owners and operators of private, commercial, business and government aircraft; and commercial weapon manufacturers and suppliers in North America, Europe, Asia, Australia, and internationally. Butler National Corporation was incorporated in 1960 and is headquartered in New Century, Kansas.
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Butler National Corporation is an OTCQX-listed company for which there is limited publicly available information on current operations and business segments, so a definitive description of its core activities is not readily verifiable. Major long-term growth drivers are not clearly disclosed and would depend on any underlying assets, strategic initiatives, or execution of a stated business plan. Some investors may be attracted by small-cap exposure and potential asset or turnaround value, though specifics are opaque.
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| Breakdown | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
| Income before tax | 29.30M | 16.72M | 16.76M | 6.53M | 15.52M |
| Minority interest | - | - | - | 0.00M | -1.87M |
| Net income | 21.93M | 12.55M | 12.51M | 4.52M | 10.37M |
| Selling general administrative | 21.72M | 21.22M | 20.66M | 25.23M | 13.72M |
| Gross profit | 50.17M | 38.05M | 33.90M | 33.88M | 29.85M |
| Reconciled depreciation | 6.87M | 6.74M | 6.07M | 5.90M | 5.28M |
| Ebit | - | - | - | - | 16.13M |
| Ebitda | - | - | - | 15.17M | 23.49M |
| Operating income | 28.45M | 16.83M | 13.24M | 8.65M | 16.13M |
| Interest expense | 1.93M | 2.18M | 2.45M | 2.74M | 2.69M |
| Tax provision | 7.37M | 4.17M | 4.24M | 2.01M | 3.28M |
| Interest income | 0.90M | 0.51M | 0.30M | - | - |
| Net interest income | -1.03M | -1.67M | -2.14M | -2.74M | -2.69M |
| Income tax expense | - | - | - | - | 3.28M |
| Total revenue | 97.97M | 83.97M | 78.38M | 75.18M | 73.47M |
| Total operating expenses | 69.51M | 67.14M | 65.14M | 66.53M | 57.34M |
| Cost of revenue | 47.80M | 45.92M | 44.47M | 41.30M | 43.62M |
| Total other income expense net | 1.88M | 1.56M | 5.66M | 0.62M | 2.08M |
| Net income from continuing ops | 21.93M | 12.55M | 12.51M | 4.52M | 12.24M |
| Net income applicable to common shares | - | - | - | - | 10.37M |
| Breakdown | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
| Total assets | 141.84M | 123.30M | 113.97M | 113.91M | 100.81M |
| Intangible assets | 9.98M | 9.24M | 9.76M | 8.72M | 8.02M |
| Other current assets | 3.46M | 1.77M | 1.69M | 3.53M | 1.36M |
| Total liab | 59.86M | 58.18M | 59.53M | 67.12M | 59.98M |
| Total stockholder equity | 81.98M | 65.11M | 54.44M | 46.78M | 40.83M |
| Deferred long term liab | - | - | - | 0.70M | 1.13M |
| Other current liab | 0.18M | 0.50M | 0.19M | 1.94M | 3.71M |
| Common stock | - | - | - | - | 0.80M |
| Capital stock | 0.80M | 0.80M | 0.80M | 0.81M | 0.80M |
| Retained earnings | 81.46M | 59.53M | 46.98M | 34.46M | 29.95M |
| Other assets | - | - | - | - | 3.03M |
| Cash | 35.12M | 25.23M | 17.79M | 22.00M | 12.49M |
| Total current liabilities | 31.42M | 24.41M | 22.92M | 25.38M | 13.66M |
| Net debt | - | 9.93M | 20.32M | 21.41M | 36.09M |
| Short long term debt | 4.87M | 5.29M | 4.87M | 4.99M | 5.17M |
| Property plant equipment | - | - | - | - | 61.57M |
| Total current assets | 67.30M | 47.31M | 38.60M | 40.16M | 27.83M |
| Net tangible assets | - | - | - | - | 32.45M |
| Net receivables | 14.00M | 5.87M | 5.78M | 3.79M | 5.11M |
| Long term debt | 24.60M | 29.87M | 33.24M | 38.42M | 43.41M |
| Inventory | 13.12M | 10.92M | 9.52M | 8.95M | 8.87M |
| Accounts payable | 13.10M | 8.62M | 5.29M | 5.32M | 2.77M |
| Non currrent assets other | 1.04M | 1.05M | 1.22M | 1.40M | 1.62M |
| Non current assets total | 74.55M | 75.99M | 75.38M | 73.74M | 72.98M |
| Capital lease obligations | 3.97M | 4.02M | 3.40M | 3.48M | 3.00M |
| Breakdown | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
| Investments | - | -5.42M | -1.13M | -5.94M | -9.50M |
| Change to liabilities | - | - | - | - | -4.10M |
| Total cashflows from investing activities | - | - | - | - | -9.50M |
| Net borrowings | -6.03M | -3.29M | -5.56M | - | -3.23M |
| Total cash from financing activities | -11.51M | -5.55M | -10.62M | -5.49M | -11.06M |
| Change to operating activities | - | - | - | - | 0.31M |
| Net income | 21.93M | 12.55M | 12.51M | 4.52M | 10.37M |
| Change in cash | 9.90M | 7.43M | -4.21M | 9.51M | -9.54M |
| Begin period cash flow | 25.23M | 17.79M | 22.00M | 12.49M | 22.02M |
| End period cash flow | 35.12M | 25.23M | 17.79M | 22.00M | 12.49M |
| Total cash from operating activities | 25.78M | 18.40M | 7.54M | 20.94M | 11.03M |
| Depreciation | 6.87M | 6.74M | 6.07M | 5.90M | 5.28M |
| Change to inventory | -2.19M | -1.40M | -1.05M | -0.07M | -0.30M |
| Change to account receivables | -7.53M | -0.09M | -1.98M | -0.16M | -2.72M |
| Sale purchase of stock | -5.48M | -2.26M | -5.06M | -0.06M | -0.17M |
| Other cashflows from financing activities | - | - | - | - | -7.66M |
| Change to netincome | - | - | - | - | 1.36M |
| Capital expenditures | 6.54M | 8.26M | 8.74M | 6.51M | 9.58M |
| Change in working capital | -1.85M | -0.08M | -5.14M | 9.21M | -5.98M |
| Stock based compensation | 0.41M | 0.38M | 0.21M | 1.49M | 0.58M |
| Other non cash items | 0.61M | 0.53M | - | - | 0.81M |
| Free cash flow | 19.24M | 10.14M | -1.20M | 14.43M | 1.45M |
Sector: Industrials Industry: Aerospace & Defense
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BUKS Butler National Corp |
-0.08 1.52% |
5.20 | 10.86 | - | 2.30 | 2.97 | 2.33 | 6.19 |
| SPCX Space Exploration Technologies Corp. Class A Common Stock |
3.18 2.28% |
142.93 | - | 200.00 | 82.08 | 15.35 | 82.13 | 500.95 |
| GE GE Aerospace |
-4.82 1.41% |
337.93 | 37.45 | 35.09 | 6.29 | 18.68 | 6.70 | 27.10 |
| EADSF Airbus Group SE |
-1.11 0.47% |
232.89 | 25.70 | 22.32 | 2.30 | 5.91 | 1.97 | 13.60 |
| BA The Boeing Company |
-0.62 0.36% |
173.92 | 88.37 | 153.85 | 1.93 | 31.61 | 2.21 | 26.81 |
Butler National Corporation designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. It operates through two segments, Aerospace Products and Professional Services. The Aerospace Products segment designs, manufactures, sales, and services structural modifications, design, integration, and installation of electronic equipment, systems, and technologies, as well as commercial controls, cabling, and defence related articles; and operates repair stations. Its products include aerial surveillance, aerodynamic enhancement, airplane range extension, avcon stability enhancing fins, airplane nose extension, cargo/sensor carrying pods and radomes, fuel system protection devices, navigation / flight display installations, crew work stations, electrical power systems and switching equipment, enlarged aircraft doors, powered airplane sensor lifts, and specialized cabling and harnesses products; and provisions to allow carrying of external stores. The company also provides modifications on aerial photograph capabilities, aerodynamic improvements, avionics systems, cargo or expanded-sized doors, search and rescue, airborne research capability, extended range fuel tanks, radar systems, intelligence surveillance reconnaissance, special mission modifications, target towing capability, and electrical systems integration; and cabling, electronic control systems, hangfire override modules, test equipment, and gun control units. The Professional Services segment manages a gaming, dining, and entertainment facility. It serves owners and operators of private, commercial, business and government aircraft; and commercial weapon manufacturers and suppliers in North America, Europe, Asia, Australia, and internationally. Butler National Corporation was incorporated in 1960 and is headquartered in New Century, Kansas.
| Name | Title | Year Born |
|---|---|---|
| Mr. Clark D. Stewart | Pres, CEO & Director | 1940 |
| Mr. Tad Mitchell McMahon CPA, CPA | Chief Financial Officer | 1968 |
| Mr. Craig D. Stewart | VP, Pres of Aerospace & Director | 1974 |
| Mr. Joe Aric Peters | Director of Bus. Devel. & Non-Independent Director | 1975 |
| Mr. Christopher J. Reedy | VP & Sec. | 1966 |
| Marcus Abendroth | VP of Operations & Director of Maintenance | NA |
| Mr. Robert E. Olson | Head of Commercial Aircraft MRO Sales | NA |
| Mr. Christopher J. Reedy J.D. | CEO, President & Chairman | 1966 |
| Mr. Tad Mitchell McMahon CPA, CPA | CFO & Secretary | 1968 |
| Mr. Joe Aric Peters | Vice President of Sales & Marketing | 1975 |
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