Butler Natl Corp Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Butler Natl Corp has an operating margin of 20.0%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 16.9% the prior year.
Butler Natl Corp's revenue grew 7.1% year-over-year to $84.0M, a solid pace of expansion. This earns a growth score of 49/100.
Butler Natl Corp carries a low D/E ratio of 0.44, meaning only $0.44 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Butler Natl Corp's current ratio of 1.67 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.
Butler Natl Corp has a free cash flow margin of 12.1%, earning a moderate score of 60/100. The company generates positive cash flow after capital investments, but with room for improvement.
Butler Natl Corp earns a strong 19.2% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 77/100. This is down from 22.2% the prior year.
Butler Natl Corp scores 2.91, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Butler Natl Corp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Butler Natl Corp generates $1.47 in operating cash flow ($18.4M OCF vs $12.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Butler Natl Corp earns $7.7 in operating income for every $1 of interest expense ($16.8M vs $2.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Butler Natl Corp (BUKS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Butler Natl Corp generated $84.0M in revenue in fiscal year 2025. This represents an increase of 7.1% from the prior year.
Butler Natl Corp's EBITDA was $23.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.1% from the prior year.
Butler Natl Corp generated $10.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 944.0% from the prior year.
Butler Natl Corp reported $12.6M in net income in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Butler Natl Corp earned $0.19 per diluted share (EPS) in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Butler Natl Corp held $33.4M in cash against $28.5M in long-term debt as of fiscal year 2025.
Butler Natl Corp had 67M shares outstanding in fiscal year 2025. This represents a decrease of 2.2% from the prior year.
Butler Natl Corp's operating margin was 20.0% in fiscal year 2025, reflecting core business profitability. This is up 3.1 percentage points from the prior year.
Butler Natl Corp's net profit margin was 14.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.0 percentage points from the prior year.
Butler Natl Corp's ROE was 19.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.0 percentage points from the prior year.
Butler Natl Corp invested $952K in research and development in fiscal year 2025. This represents an increase of 15.7% from the prior year.
Butler Natl Corp spent $2.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 55.3% from the prior year.
Butler Natl Corp invested $8.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 5.5% from the prior year.
BUKS Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.3M+15.5% | $20.1M-5.0% | $21.2M-0.9% | $21.4M+7.7% | $19.8M+4.6% | $19.0M-3.3% | $19.6M+14.1% | $17.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $262K | N/A | N/A | $220K | N/A | N/A | $205K |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $7.1M+51.6% | $4.7M+15.9% | $4.0M-17.1% | $4.9M+37.3% | $3.5M-6.8% | $3.8M+5.5% | $3.6M+216.4% | $1.1M |
| Interest Expense | $501K-4.2% | $523K-6.1% | $557K+3.5% | $538K-4.8% | $565K-8.1% | $615K0.0% | $615K-3.8% | $639K |
| Income Tax | $2.8M+344.0% | $630K | N/A | $1.3M+59.9% | $831K | N/A | N/A | N/A |
| Net Income | $6.0M+62.7% | $3.7M+9.1% | $3.4M-6.1% | $3.6M+60.1% | $2.2M-5.7% | $2.4M-51.9% | $5.0M+588.6% | $719K |
| EPS (Diluted) | $0.09+50.0% | $0.06+20.0% | $0.050.0% | $0.05+66.7% | $0.030.0% | $0.03-57.1% | $0.07+600.0% | $0.01 |
BUKS Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $128.2M-1.6% | $130.3M+1.3% | $128.6M+12.5% | $114.3M-0.3% | $114.6M+1.2% | $113.3M+1.5% | $111.6M+6.3% | $105.0M |
| Current Assets | $53.1M-2.5% | $54.5M+3.5% | $52.7M+39.6% | $37.8M-3.2% | $39.0M+0.6% | $38.8M+5.3% | $36.8M+15.9% | $31.8M |
| Cash & Equivalents | $29.6M-11.4% | $33.4M+8.9% | $30.7M+90.0% | $16.2M-9.4% | $17.8M-0.3% | $17.9M-2.4% | $18.3M+28.7% | $14.2M |
| Inventory | $11.5M+8.9% | $10.5M+1.5% | $10.4M-0.8% | $10.4M+8.5% | $9.6M-8.6% | $10.5M+14.0% | $9.2M+2.1% | $9.0M |
| Accounts Receivable | $7.5M-1.1% | $7.6M+20.9% | $6.3M+16.4% | $5.4M-26.3% | $7.3M+19.3% | $6.1M+10.1% | $5.6M+71.1% | $3.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $58.0M-10.9% | $65.0M-1.8% | $66.2M+19.8% | $55.3M-5.3% | $58.4M-7.9% | $63.4M-1.2% | $64.1M+2.1% | $62.8M |
| Current Liabilities | $27.1M-17.0% | $32.6M+4.9% | $31.1M+50.9% | $20.6M-8.1% | $22.4M-11.1% | $25.2M+1.9% | $24.8M+11.5% | $22.2M |
| Long-Term Debt | $27.0M-5.3% | $28.5M-8.7% | $31.2M+1.5% | $30.7M-3.9% | $32.0M-8.0% | $34.8M-3.4% | $36.0M-3.3% | $37.3M |
| Total Equity | $70.2M+7.6% | $65.2M+4.6% | $62.4M+5.6% | $59.1M+4.9% | $56.3M+12.8% | $49.9M+5.1% | $47.5M+12.5% | $42.2M |
| Retained Earnings | $69.2M+9.5% | $63.2M+12.5% | $56.2M+6.4% | $52.8M+7.3% | $49.2M+15.8% | $42.5M+5.9% | $40.1M+14.1% | $35.2M |
BUKS Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$822K-105.6% | $14.7M+4.8% | $14.0M+440.2% | $2.6M-12.0% | $3.0M+43.3% | $2.1M-52.4% | $4.3M+602.0% | -$862K |
| Capital Expenditures | $1.9M+28.7% | $1.4M-6.3% | $1.5M-55.2% | $3.4M+189.8% | $1.2M-2.9% | $1.2M-64.8% | $3.5M+283.2% | $901K |
| Free Cash Flow | -$2.7M-120.2% | $13.3M+6.1% | $12.5M+1609.2% | -$828K-146.8% | $1.8M+110.0% | $843K-3.5% | $874K+149.6% | -$1.8M |
| Investing Cash Flow | -$280K+80.5% | -$1.4M-4129.4% | -$34K+98.4% | -$2.1M-77.2% | -$1.2M+2.9% | -$1.2M-220.4% | $1.0M+319.3% | -$461K |
| Financing Cash Flow | -$2.7M+46.3% | -$5.0M-1013.6% | $552K+125.4% | -$2.2M-25.9% | -$1.7M-34.9% | -$1.3M-2.6% | -$1.3M+80.6% | -$6.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.2M-68.4% | $3.7M+2646.6% | $133K-85.2% | $899K+93.8% | $464K+2477.8% | $18K+1700.0% | $1K-100.0% | $5.0M |
BUKS Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 30.4%+7.3pp | 23.2%+4.2pp | 19.0%-3.7pp | 22.7%+4.9pp | 17.8%-2.2pp | 20.0%+1.7pp | 18.4%+11.7pp | 6.6% |
| Net Margin | 25.8%+7.5pp | 18.3%+2.4pp | 16.0%-0.9pp | 16.8%+5.5pp | 11.3%-1.2pp | 12.6%-12.7pp | 25.3%+21.1pp | 4.2% |
| Return on Equity | 8.5%+2.9pp | 5.7%+0.2pp | 5.4%-0.7pp | 6.1%+2.1pp | 4.0%-0.8pp | 4.8%-5.7pp | 10.4%+8.7pp | 1.7% |
| Return on Assets | 4.7%+1.9pp | 2.8%+0.2pp | 2.6%-0.5pp | 3.1%+1.2pp | 2.0%-0.1pp | 2.1%-2.3pp | 4.4%+3.8pp | 0.7% |
| Current Ratio | 1.96+0.3 | 1.67-0.0 | 1.69-0.1 | 1.83+0.1 | 1.74+0.2 | 1.54+0.0 | 1.49+0.1 | 1.43 |
| Debt-to-Equity | 0.38-0.1 | 0.44-0.1 | 0.50-0.0 | 0.52-0.0 | 0.57-0.1 | 0.70-0.1 | 0.76-0.1 | 0.88 |
| FCF Margin | -11.5%-77.4pp | 65.9%+6.9pp | 59.0%+62.9pp | -3.9%-12.8pp | 8.9%+4.5pp | 4.5%-0.0pp | 4.5%+14.7pp | -10.3% |
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Frequently Asked Questions
What is Butler Natl Corp's annual revenue?
Butler Natl Corp (BUKS) reported $84.0M in total revenue for fiscal year 2025. This represents a 7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Butler Natl Corp's revenue growing?
Butler Natl Corp (BUKS) revenue grew by 7.1% year-over-year, from $78.4M to $84.0M in fiscal year 2025.
Is Butler Natl Corp profitable?
Yes, Butler Natl Corp (BUKS) reported a net income of $12.6M in fiscal year 2025, with a net profit margin of 14.9%.
What is Butler Natl Corp's earnings per share (EPS)?
Butler Natl Corp (BUKS) reported diluted earnings per share of $0.19 for fiscal year 2025. This represents a 5.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Butler Natl Corp's EBITDA?
Butler Natl Corp (BUKS) had EBITDA of $23.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Butler Natl Corp have?
As of fiscal year 2025, Butler Natl Corp (BUKS) had $33.4M in cash and equivalents against $28.5M in long-term debt.
What is Butler Natl Corp's operating margin?
Butler Natl Corp (BUKS) had an operating margin of 20.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Butler Natl Corp's net profit margin?
Butler Natl Corp (BUKS) had a net profit margin of 14.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Butler Natl Corp's return on equity (ROE)?
Butler Natl Corp (BUKS) has a return on equity of 19.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Butler Natl Corp's free cash flow?
Butler Natl Corp (BUKS) generated $10.1M in free cash flow during fiscal year 2025. This represents a 944.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Butler Natl Corp's operating cash flow?
Butler Natl Corp (BUKS) generated $18.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Butler Natl Corp's total assets?
Butler Natl Corp (BUKS) had $130.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Butler Natl Corp's capital expenditures?
Butler Natl Corp (BUKS) invested $8.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Butler Natl Corp spend on research and development?
Butler Natl Corp (BUKS) invested $952K in research and development during fiscal year 2025.
Does Butler Natl Corp buy back shares?
Yes, Butler Natl Corp (BUKS) spent $2.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Butler Natl Corp have outstanding?
Butler Natl Corp (BUKS) had 67M shares outstanding as of fiscal year 2025.
What is Butler Natl Corp's current ratio?
Butler Natl Corp (BUKS) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.
What is Butler Natl Corp's debt-to-equity ratio?
Butler Natl Corp (BUKS) had a debt-to-equity ratio of 0.44 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Butler Natl Corp's return on assets (ROA)?
Butler Natl Corp (BUKS) had a return on assets of 9.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Butler Natl Corp's Altman Z-Score?
Butler Natl Corp (BUKS) has an Altman Z-Score of 2.91, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Butler Natl Corp's Piotroski F-Score?
Butler Natl Corp (BUKS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Butler Natl Corp's earnings high quality?
Butler Natl Corp (BUKS) has an earnings quality ratio of 1.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Butler Natl Corp cover its interest payments?
Butler Natl Corp (BUKS) has an interest coverage ratio of 7.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Butler Natl Corp?
Butler Natl Corp (BUKS) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.