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BUTLER NATIONAL CORP BUKS

OTC · stock · Services-Miscellaneous Amusement & Recreation · website · IPO 1993-10-27

BUTLER NATIONAL CORP statistics & valuation

Market cap$271.1M
P / E12.4×
P / S2.8×
P / B3.3×
P / FCF14.1×
Net margin22.4%
Return on equity26.8%
FCF margin19.6%
Net cash$5.7M
Net debt / EBITDA-0.2×
Enterprise value USD$265.5M
EV / EBITDA7.5×
Earnings yield EBIT/EV10.7%
Return on capital25.8%
Graham number -34.6%$3.11

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($3.11); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.00% 0.70% 6.60% 6.40% 2.30% 14.50% 6.00% 16.00% 14.90% 22.40% 2017201820192020202120222023202420252026
Gross margin (%)
2017201820192020202120222023202420252026
Operating margin (%)
6.90% 4.40% 9.00% 12.60% 9.60% 22.60% 11.50% 16.90% 20.00% 29.00% 2017201820192020202120222023202420252026
Return on equity (%)
5.40% 1.20% 11.20% 11.20% 3.50% 25.40% 9.70% 23.00% 19.30% 26.80% 2017201820192020202120222023202420252026
Shares outstanding
64.5M 64.7M 68.3M 74.4M 75.4M 76.5M 76.9M 70.4M 67.8M 65.0M 2017201820192020202120222023202420252026
Net debt ($)
$5.6M $3.3M $4.0M $5.4M $45.8M $48.6M $43.4M $38.1M $9.9M -$5.7M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
3.60% 0.80% 7.90% 4.50% 1.40% 10.30% 4.00% 11.00% 10.20% 15.50% 2017201820192020202120222023202420252026
Free cash flow margin (%)
5.60% 8.30% 7.80% 10.40% 10.50% 2.20% 19.20% -1.50% 12.10% 19.60% 2017201820192020202120222023202420252026
Debt / equity (×)
0.20× 0.11× 0.12× 0.14× 1.11× 1.19× 0.93× 0.70× 0.54× 0.36× 2017201820192020202120222023202420252026
EPS ($)
$0.02 $0.01 $0.06 $0.06 $0.02 $0.14 $0.06 $0.18 $0.19 $0.34 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BUTLER NATIONAL CORP trades at about 14× earnings — above its 10-year norm (10-year range 4.7×–28.5×, median 12.3×).

4.7× 28.5×

Shaded band = 10-year range (4.7×–28.5×); dot = today's 14×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin29.0%20.0%16.9%11.5%22.6%9.6%12.6%9.0%4.4%6.9%
Net margin22.4%14.9%16.0%6.0%14.5%2.3%6.4%6.6%0.7%3.0%
FCF margin19.6%12.1%-1.5%19.2%2.2%10.5%10.4%7.8%8.3%5.6%
Return on assets15.5%10.2%11.0%4.0%10.3%1.4%4.5%7.9%0.8%3.6%
Return on equity26.8%19.3%23.0%9.7%25.4%3.5%11.2%11.2%1.2%5.4%
Debt / equity0.36×0.54×0.70×0.93×1.19×1.11×0.14×0.12×0.11×0.20×
Current ratio2.141.941.681.582.041.962.752.361.801.65

Computed from company filings · US · as of 2025-04-30. Facts plus Stocktoria's own computed scores — not investment advice.