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Butler National Corp

Company price
5.2 USD -0.08 ( 1.52%)
Last update at 2026-11-12T15:07:00Z
VOLUME
4200
Market Cap
249.62M
P/E
10.86

Momentum Score

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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.

Source: TradingView
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Day Price Range
5.20
Low
5.28
High
52 Week Price Range
1.65
Low
5.09
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.28
Dividend Yield
-
Revenue TTM
108.62M
Revenue Per Share
1.69
Gross Profit TTM
54.09M
Debt / Equity
-
ROE
31.03%
Net Debt
9.93M
ROCE
25.77%
Diluted EPS TTM
0.36

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Butler National Corp

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.

One Aero Plaza, New Century, KS, United States, 66031

913 780 9595

348

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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