BUTLER NATIONAL CORP
BUTLER NATIONAL CORP
BUTLER NATIONAL CORP (BUKS) — SEC Financial Statements & Analysis
BUTLER NATIONAL CORP (BUKS) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Preferred Class A | - | - | - | - | 0 | - | - | - | 0 | - | - | - | |||||
Preferred Class B | - | - | - | - | 0 | - | - | - | 0 | - | - | - | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash | - | - | 30 | 33 | 25 | 31 | 16 | 18 | 18 | 18 | 18 | 14 | |||||
Cash And Cash Equivalents At Carrying Value | - | 36 | - | - | - | - | - | - | - | - | - | - | |||||
Accounts Receivable Net Current | 14 | 12 | 8 | 8 | 6 | 6 | 5 | 7 | 6 | 6 | 6 | 3 | |||||
Inventory Net | 13 | 12 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 11 | 9 | 9 | |||||
Contract With Customer Asset Net Current | 2 | 2 | 2 | 1 | 3 | 3 | 3 | 2 | 4 | 2 | 2 | 3 | |||||
Prepaid Expense And Other Assets Current | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Income Taxes Receivable | 0 | 0 | 0 | 0 | 1 | 0 | 0 | - | 0 | - | - | - | |||||
Assets Current | 67 | 66 | 53 | 55 | 47 | 53 | 38 | 39 | 39 | 39 | 37 | 32 | |||||
Finance Lease Right Of Use Asset | - | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | |||||
Property Plant And Equipment Net | 58 | 58 | 59 | 60 | 60 | 60 | 60 | 59 | 60 | 59 | 60 | 58 | |||||
Intangible Assets Net Excluding Goodwill | 10 | 10 | 10 | 10 | 9 | 9 | 10 | 10 | 10 | 9 | 9 | 9 | |||||
Other Assets Noncurrent | |||||||||||||||||
Other Assets Miscellaneous Noncurrent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Deferred Income Tax Assets Net | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | |||||
Other Assets Noncurrent | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Assets | 142 | 141 | 128 | 130 | 123 | 129 | 114 | 115 | 114 | 113 | 112 | 105 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 13 | 18 | 10 | 17 | 9 | 14 | 3 | 5 | 5 | 8 | 10 | 4 | |||||
Long Term Debt Current | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Finance Lease Liability Current | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Contract With Customer Liability Current | 5 | 6 | 6 | 5 | 6 | 9 | 9 | 8 | 6 | 6 | 5 | 9 | |||||
Employee Related Liabilities Current | 4 | 2 | 2 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | |||||
Accrued Income Taxes Current | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | 2 | 0 | |||||
Other Liabilities Current | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | |||||
Liabilities Current | 31 | 35 | 27 | 33 | 24 | 31 | 21 | 22 | 23 | 25 | 25 | 22 | |||||
Liabilities Noncurrent | |||||||||||||||||
Long Term Debt Noncurrent | 25 | 26 | 27 | 29 | 30 | 31 | 31 | 32 | 33 | 35 | 36 | 37 | |||||
Finance Lease Liability Noncurrent | - | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | |||||
Liabilities Noncurrent | 28 | 29 | 31 | 32 | 34 | 35 | 35 | 36 | 37 | 38 | 39 | 41 | |||||
Liabilities | 60 | 65 | 58 | 65 | 58 | 66 | 55 | 58 | 60 | 63 | 64 | 63 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |||||
Common Stock Value Outstanding | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital | 15 | 15 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 | |||||
Treasury Stock Common Value | -15 | -15 | -14 | -13 | -9 | -9 | -9 | -8 | -7 | -7 | -7 | -7 | |||||
Retained Earnings Accumulated Deficit | 81 | 76 | 69 | 63 | 60 | 56 | 53 | 49 | 47 | 43 | 40 | 35 | |||||
Stockholders Equity | 82 | 76 | 70 | 65 | 65 | 62 | 59 | 56 | 54 | 50 | 47 | 42 | |||||
Liabilities And Stockholders Equity | 142 | 141 | 128 | 130 | 123 | 129 | 114 | 115 | 114 | 113 | 112 | 105 | |||||
Preferred Stock Par Or Stated Value Per Share | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Dividend Rate Percentage | - | - | - | - | 0 | - | - | - | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Issued | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | |||||
Preferred Stock Shares Outstanding | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Common Stock Shares Issued | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | |||||
Shares Outstanding | 64 | 64 | 64 | 65 | 67 | 68 | 68 | 68 | 69 | 69 | 69 | 69 | |||||
Treasury Stock Common Shares | 16 | 16 | 16 | 15 | 13 | 12 | 12 | 11 | 11 | 11 | 11 | 11 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 39.76% | 44.58% | 43.37% | 12.09% | 9.89% | 22.71% | -1.60% | 8.51% | 10.90% | - | - | - |
| 2025 | 6.56% | 7.38% | 36.89% | 1.09% | -5.43% | -7.61% | 0.69% | 9.66% | 4.83% | 12.16% | 12.84% | 22.97% |
| 2024 | 1.37% | -6.85% | -5.48% | 1.35% | 4.05% | 5.41% | 1.27% | 5.06% | 6.33% | 4.44% | 35.56% | 54.44% |
| 2023 | - | - | - | - | - | - | - | - | - | -1.27% | -5.06% | -17.72% |
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Performance and Valuation Metrics
Metrics | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.14 | 1.88 | 1.96 | 1.67 | 1.94 | 1.69 | 1.83 | 1.74 | 1.68 | 1.54 | 1.49 | 1.43 | |||||
| Quick Ratio | 1.61 | 1.45 | 1.44 | 1.30 | 1.42 | 1.30 | 1.22 | 1.23 | 1.19 | 1.04 | 1.04 | 0.93 | |||||
| Working Capital | 35.88M | 31.15M | 26.05M | 21.90M | 22.90M | 21.61M | 17.15M | 16.59M | 15.68M | 13.56M | 12.07M | 9.57M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.73 | 0.85 | 0.83 | 1.00 | 0.89 | 1.06 | 0.94 | 1.04 | 1.09 | 1.27 | 1.35 | 1.49 | |||||
| Interest Coverage TTM | - | - | - | - | - | - | 27.47 | 12.71 | 7.08 | 3.26 | 3.02 | 3.07 | |||||
| Debt Ratio | 0.42 | 0.46 | 0.45 | 0.50 | 0.47 | 0.52 | 0.48 | 0.51 | 0.52 | 0.56 | 0.57 | 0.60 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.74 | 0.68 | 0.71 | 0.69 | 0.71 | 0.70 | 0.73 | 0.74 | 0.69 | 0.68 | 0.71 | 0.74 | |||||
| Days Sales Outstanding TTM | 37.00 | 36.65 | 27.37 | 32.32 | 25.31 | 26.68 | 24.21 | 23.85 | 22.28 | 26.22 | 22.51 | 16.28 | |||||
| Receivables Turnover TTM | 9.86 | 9.96 | 13.34 | 11.29 | 14.42 | 13.68 | 15.08 | 15.31 | 16.38 | 13.92 | 16.22 | 22.42 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.34 | 0.31 | 0.25 | 0.21 | 0.19 | 0.20 | 0.19 | 0.20 | 0.18 | 0.11 | 0.10 | 0.07 | |||||
| Free Cash Flow Per Share TTM | 0.30 | 0.26 | 0.31 | 0.32 | 0.15 | 0.18 | 0.01 | 0.03 | -0.02 | 0.08 | 0.13 | 0.12 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | 82.76% | 81.42% | 80.95% | 80.91% | 81.62% | 81.14% | 80.61% | 79.89% | 78.56% | 79.28% | 79.53% | |||||
| Operating Profit Margin TTM | 29.04% | 27.63% | 23.42% | 21.31% | 20.04% | 20.15% | 20.41% | 19.30% | 16.89% | 10.78% | 10.04% | 10.60% | |||||
| Net Profit Margin TTM | 22.39% | 21.45% | 19.02% | 16.60% | 14.95% | 16.10% | 15.32% | 17.33% | 15.96% | 9.86% | 9.14% | 6.79% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 16.67% | 8.12% | 4.08% | 4.01% | 7.13% | 12.07% | 7.03% | 5.13% | 4.25% | 4.46% | 10.88% | 11.56% | |||||
| Net Income Growth (1Y) | 74.75% | 44.07% | 29.20% | -0.35% | 0.31% | 82.96% | 79.36% | 168.18% | 152.92% | 4.57% | -49.17% | -62.47% | |||||
| EPS Growth (1Y) | 82.43% | 50.19% | 36.12% | 2.35% | 4.18% | 90.27% | 83.24% | 193.38% | 174.54% | 15.13% | -43.85% | -61.84% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 12.00 | 9.78 | 9.46 | 7.85 | 8.05 | 8.32 | 6.97 | 4.50 | 4.73 | 7.26 | 6.78 | 11.35 | |||||
| P/B | 3.21 | 2.52 | 2.21 | 1.68 | 1.55 | 1.83 | 1.50 | 1.12 | 1.09 | 1.09 | 1.01 | 1.41 | |||||
| P/S TTM | 2.69 | 2.10 | 1.80 | 1.30 | 1.20 | 1.34 | 1.07 | 0.78 | 0.75 | 0.72 | 0.62 | 0.77 | |||||
| Market Cap | 263.11M | 192.70M | 154.96M | 109.75M | 101.05M | 113.83M | 88.44M | 63.24M | 59.17M | 54.31M | 47.96M | 59.41M | |||||
| Enterprise Value | 292.58M | 187.15M | 157.85M | 110.29M | 111.10M | 119.70M | 108.09M | 82.43M | 79.51M | 76.18M | 70.62M | 87.37M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 19.24M | 16.47M | 19.79M | 21.64M | 10.15M | 12.28M | 629.00K | 2.33M | -1.20M | 5.64M | 8.94M | 9.15M | |||||
| Net Debt | 29.47M | -5.54M | 2.88M | 537.00K | 10.05M | 5.86M | 19.66M | 19.19M | 20.34M | 21.86M | 22.66M | 27.97M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
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| Payables Turnover TTM | |||||||||||||||||
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| Days Payables Outstanding TTM | |||||||||||||||||
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| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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