What is BUTLER NATL CORP's earnings per share (EPS)?

BUTLER NATL CORP (BUKS) reported diluted earnings per share of $0.34 for fiscal year 2026. This represents a 78.9% 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.

BUTLER NATL CORP (BUKS) Financials

BUKS

Trailing 12 months to July 31, 2026

Revenue $108.6M +28.9% YoY

Net Income $23.5M +68.1% YoY

EPS (Diluted) $0.36 +71.4% YoY

Free Cash Flow $8.7M -59.7% YoY

Market Cap $314.1M as of Oct 22, 2026

Price / Sales 2.9x on $108.6M revenue, trailing 12 months to July 31, 2026

Price / Earnings 13.4x on $23.5M net income, trailing 12 months to July 31, 2026

Price / Book 3.6x on $86.3M equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jul 31, 2026 Reported Sep 11, 2026 Currency USD FYE April

Newest figures come from the 10-Q for Q1 FY2027, filed Sep 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BUKS SEC filings page.

BUTLER NATL CORP (BUKS) reported $108.6M in revenue over the twelve months to Jul 31, 2026, up 28.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI BUKS FY2026 2026-10-04

Butler National's recent growth is converting into cash while debt falls, making expansion increasingly financed by internally generated capital.

From FY2024 to FY2026, operating margin rose from 16.9% to 29.0%, indicating that more of each additional sales dollar reached operating profit. Over the same period, free cash flow moved from negative $1.2M to $19.2M, showing that improved profitability coincided with less cash consumed by reinvestment.

Leverage has receded materially: debt-to-equity fell from 1.1x in FY2022 to 0.3x in FY2026 as equity expanded. A 2.1x current ratio also indicates that reported short-term assets exceeded short-term obligations by a substantial margin.

The latest earnings are supported by cash: operating cash flow reached $25.8M versus net income of $21.9M, leaving cash after capital spending. At the same time, the share count declined from 76.5M to 63.9M, so part of the financing outflow has been directed toward reducing shares rather than increasing debt.

Financial Health Signals

Financial health score not available

BUTLER NATL CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Safe

5.61

BUTLER NATL CORP scores 5.61, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $314.1M against total liabilities of $59.9M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

8/8

BUTLER NATL CORP passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Cash-Backed

1.18x

For every $1 of reported earnings, BUTLER NATL CORP generates $1.18 in operating cash flow ($25.8M OCF vs $21.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

14.72x

BUTLER NATL CORP earns $14.72 in operating income for every $1 of interest expense ($28.5M vs $1.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$30.8M

YoY+52.9%

QoQ+11.2%

5Y CAGR+11.6%

10Y CAGR+10.5%

BUTLER NATL CORP generated $30.8M in revenue in Q1 2027. This represents an increase of 52.9% from the same quarter a year earlier. Against the prior quarter it is up 11.2%.

EBITDA

$9.2M

YoY+44.3%

QoQ-0.6%

5Y CAGR+14.2%

10Y CAGR+22.4%

BUTLER NATL CORP's EBITDA was $9.2M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 44.3% from the same quarter a year earlier. Against the prior quarter it is down 0.6%.

Net Income

$5.3M

YoY+42.9%

QoQ-5.2%

BUTLER NATL CORP reported $5.3M in net income in Q1 2027. This represents an increase of 42.9% from the same quarter a year earlier. Against the prior quarter it is down 5.2%.

EPS (Diluted)

$0.08

YoY+33.3%

QoQ-11.1%

BUTLER NATL CORP earned $0.08 per diluted share (EPS) in Q1 2027. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is down 11.1%.

Cash & Balance Sheet

Free Cash Flow

$2.7M

YoY-79.3%

QoQn/m

5Y CAGRn/m

10Y CAGRn/m

BUTLER NATL CORP generated $2.7M in free cash flow in Q1 2027, representing cash available after capex. This represents a decrease of 79.3% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$35.3M

YoY+5.4%

QoQ+0.4%

5Y CAGR+11.4%

10Y CAGR+18.8%

BUTLER NATL CORP held $35.3M in cash against $23.6M in long-term debt as of Q1 2027.

Shares Outstanding

64M

YoY-1.6%

QoQ-0.1%

BUTLER NATL CORP had 64M shares outstanding in Q1 2027. This represents a decrease of 1.6% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Operating Margin

24.1%

YoY+0.9pp

QoQ-2.9pp

5Y change+1.4pp

10Y change+17.9pp

BUTLER NATL CORP's operating margin was 24.1% in Q1 2027, reflecting core business profitability. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.9 percentage points.

Net Margin

17.1%

YoY-1.2pp

QoQ-3.0pp

BUTLER NATL CORP's net profit margin was 17.1% in Q1 2027, showing the share of revenue converted to profit. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.0 percentage points.

Return on Equity

6.1%

YoY+0.4pp

QoQ-0.7pp

BUTLER NATL CORP's quarterly ROE was 6.1% in Q1 2027: one quarter's net income over shareholder equity, not annualized. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Gross Margin

Not reported for Q1 2027.

Capital Allocation

R&D Spending

$268K

YoY+2.3%

BUTLER NATL CORP invested $268K in research and development in Q1 2027. This represents an increase of 2.3% from the same quarter a year earlier.

Capital Expenditures

$1.9M

YoY+31.4%

QoQ+5.4%

5Y CAGR+8.2%

10Y CAGR+16.1%

BUTLER NATL CORP invested $1.9M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 31.4% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.

Share Buybacks

Not reported for Q1 2027.

BUKS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BUKS quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$108.6M	$98.0M+16.7%	$84.0M+7.1%	$78.4M+4.2%	$75.2M+5.1%	$71.5M+16.3%	$61.5M-6.7%	$65.9M+12.2%	$58.7M+21.7%	$48.3M-4.7%	$50.6M+13.0%	$44.8M-4.8%	$47.1M-0.4%	$47.3M-3.8%	$49.2M-6.8%	$52.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$14.5M+19.5%	$12.2M-3.9%	$12.7M+4.5%	$12.1M+5.9%	$11.5M-0.6%	$11.5M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$36.1M+10.6%	$32.6M-5.1%	$34.4M-2.1%	$35.1M-6.8%	$37.7M-8.5%	$41.2M
R&D Expenses	N/A	$1.5M+54.0%	$952K+15.7%	$823K-22.7%	$1.1M-54.7%	$2.4M-32.7%	$3.5M+45.3%	$2.4M+27.3%	$1.9M+7.1%	$1.8M+19.2%	$1.5M-19.5%	$1.8M-10.3%	$2.0M+16.0%	$1.8M+0.6%	$1.8M+6.2%	$1.7M
Operating Income	$31.2M	$28.5M+69.1%	$16.8M+27.1%	$13.2M+53.0%	$8.7M-46.3%	$16.1M+173.4%	$5.9M-29.0%	$8.3M+57.4%	$5.3M+148.6%	$2.1M-39.3%	$3.5M+462.7%	$622K-52.8%	$1.3M-31.3%	$1.9M+27.8%	$1.5M-72.6%	$5.5M
EBITDA	N/A	$35.3M+49.8%	$23.6M+22.1%	$19.3M+32.7%	$14.6M-32.0%	$21.4M+126.8%	$9.4M-29.7%	$13.4M+88.4%	$7.1M+83.5%	$3.9M-29.2%	$5.5M+96.2%	$2.8M-33.5%	$4.2M-22.4%	$5.4M+13.3%	$4.8M-37.8%	$7.7M
Interest Expense	$1.8M	$1.9M-11.2%	$2.2M-11.0%	$2.4M-10.8%	$2.7M+2.0%	$2.7M-14.3%	$3.1M-28.2%	$4.4M+1661.3%	$248K-25.1%	$331K-17.9%	$403K-14.4%	$471K-58.7%	$1.1M-19.5%	$1.4M-6.8%	$1.5M+106.7%	$736K
Income Tax	$8.7M	$7.4M+76.8%	$4.2M-1.8%	$4.2M+111.0%	$2.0M-38.6%	$3.3M+953.4%	$311K-76.7%	$1.3M-3.0%	$1.4M+154.6%	$540K-29.7%	$768K+725.8%	$93K-32.6%	$138K+318.2%	$33Kn/m	-$816K-199.1%	$823K
Net Income	$23.5M	$21.9M+74.8%	$12.6M+0.3%	$12.5M+177.1%	$4.5M-56.4%	$10.4M+623.5%	$1.4M-66.2%	$4.2M+9.9%	$3.9M+1029.9%	$341K-77.8%	$1.5M+6291.7%	$24K-11.1%	$27K-94.7%	$514K-36.5%	$809K-79.3%	$3.9M
EPS (Basic)	N/A	$0.34+78.9%	$0.19+5.6%	$0.18+200.0%	$0.06-57.1%	$0.14+600.0%	$0.02-66.7%	$0.060.0%	$0.06	$0.01	$0.02n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00-100.0%	$0.03
EPS (Diluted)	$0.36	$0.34+78.9%	$0.19+5.6%	$0.18+200.0%	$0.06-57.1%	$0.14+600.0%	$0.02-66.7%	$0.060.0%	$0.06	$0.01	$0.02n/m	$0.00n/m	$0.00n/m	$0.00n/m	$0.00-100.0%	$0.03
Diluted Shares (Avg)	N/A	65M-4.2%	68M-3.7%	70M-7.9%	76M+1.5%	75M+1.6%	74M+8.0%	69M+6.4%	65M	64M	63M+1.9%	62M0.0%	62M+2.2%	61M+3.2%	59M+4.3%	57M

Metric	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$30.8M+52.9%	$27.7M+28.1%	$26.9M+27.1%	$23.3M+8.9%	$20.1M+1.5%	$21.6M-4.5%	$21.2M+11.7%	$21.4M+9.0%
R&D Expenses	$268K+2.3%	N/A	N/A	N/A	$262K+19.1%	N/A	N/A	N/A
Operating Income	$7.4M+59.1%	$7.5M+69.4%	$9.2M+129.5%	$7.1M+45.8%	$4.7M+32.0%	$4.4M-6.3%	$4.0M+6.1%	$4.9M+34.9%
EBITDA	$9.2M+44.3%	$9.3M+50.9%	$10.9M+88.6%	$8.8M+34.6%	$6.4M+24.1%	$6.1M-1.4%	$5.8M+9.2%	$6.5M+24.7%
Interest Expense	$418K-20.1%	$431K-16.6%	$478K-14.2%	$501K-6.9%	$523K-7.4%	$517K-10.6%	$557K-9.4%	$538K-12.5%
Income Tax	$1.9M+205.4%	$1.7M+119.8%	$2.3M+82.2%	$2.8M+110.5%	$630K-24.2%	$751K	$1.3M	$1.3M
Net Income	$5.3M+42.9%	$5.6M+66.8%	$6.7M+98.3%	$6.0M+66.7%	$3.7M+64.1%	$3.3M	$3.4M+41.8%	$3.6M-27.4%
EPS (Basic)	$0.08+33.3%	$0.09+80.0%	$0.10+100.0%	$0.09+80.0%	$0.06+100.0%	$0.05-28.6%	$0.05+66.7%	$0.05-28.6%
EPS (Diluted)	$0.08+33.3%	$0.09+80.0%	$0.10+100.0%	$0.09+80.0%	$0.06+100.0%	$0.05-28.6%	$0.05+66.7%	$0.05-28.6%
Diluted Shares (Avg)	64M-4.4%	N/A	64M-4.1%	65M-5.1%	67M-2.6%	N/A	67M-3.8%	68M-2.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, SG&A Expenses.

BUKS Balance Sheet

BUKS quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$141.8M+15.0%	$123.3M+8.2%	$114.0M+0.1%	$113.9M+13.0%	$100.8M-1.1%	$101.9M+7.5%	$94.8M+93.8%	$48.9M+18.0%	$41.4M-3.1%	$42.8M+0.2%	$42.7M+2.6%	$41.6M-0.2%	$41.7M-5.0%	$43.9M+8.1%	$40.6M
Current Assets	$67.3M+42.2%	$47.3M+22.6%	$38.6M-3.9%	$40.2M+44.3%	$27.8M-19.3%	$34.5M+14.9%	$30.0M+28.9%	$23.3M+24.0%	$18.8M+2.4%	$18.3M+3.1%	$17.8M+18.3%	$15.0M-9.0%	$16.5M+5.1%	$15.7M-22.3%	$20.2M
Cash & Equivalents	$35.1M+39.2%	$25.2M+41.8%	$17.8M-19.1%	$22.0M+76.2%	$12.5M-43.3%	$22.0M+31.1%	$16.8M+86.3%	$9.0M+22.6%	$7.4M+15.1%	$6.4M-13.4%	$7.4M+19.1%	$6.2M-1.1%	$6.3M+21.6%	$5.1M-30.7%	$7.4M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$13.1M+20.1%	$10.9M+14.7%	$9.5M+6.4%	$8.9M+0.8%	$8.9M+3.5%	$8.6M-0.5%	$8.6M-3.0%	$8.9M+24.8%	$7.1M+3.8%	$6.9M-13.9%	$8.0M+13.2%	$7.0M+11.1%	$6.3M+12.1%	$5.7M-26.7%	$7.7M
Accounts Receivable	$14.0M+138.6%	$5.9M+1.6%	$5.8M+52.3%	$3.8M+4.3%	$3.6M+85.4%	$2.0M-29.6%	$2.8M-14.7%	$3.3M+5.1%	$3.1M-24.1%	$4.1M+160.2%	$1.6M+66.7%	$944K-69.6%	$3.1M+15.3%	$2.7M-24.9%	$3.6M
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Total Liabilities	$59.9M+2.9%	$58.2M-2.3%	$59.5M-11.3%	$67.1M+11.9%	$60.0M-0.9%	$60.5M+6.3%	$57.0M+291.4%	$14.6M+19.7%	$12.2M-16.0%	$14.5M-12.8%	$16.6M+2.5%	$16.2M-6.5%	$17.3M-14.6%	$20.3M+13.0%	$18.0M
Current Liabilities	$31.4M+28.7%	$24.4M+6.5%	$22.9M-9.7%	$25.4M+85.7%	$13.7M-22.2%	$17.6M+60.7%	$10.9M+11.0%	$9.8M-5.6%	$10.4M-6.3%	$11.1M-2.2%	$11.4M+22.0%	$9.3M-11.2%	$10.5M+3.7%	$10.1M+9.2%	$9.3M
Non-Current Liabilities	$28.4M-15.8%	$33.8M-7.8%	$36.6M-12.3%	$41.7M-9.9%	$46.3M+7.8%	$43.0M-6.7%	$46.0M+877.9%	$4.7M+171.4%	$1.7M-48.2%	$3.3M-35.9%	$5.2M-24.0%	$6.9M+0.7%	$6.8M-32.8%	$10.2M+17.0%	$8.7M
Long-Term Debt	$24.6M-17.6%	$29.9M-10.1%	$33.2M-13.5%	$38.4M-11.5%	$43.4M+9.0%	$39.8M+1140.0%	$3.2M+54.7%	$2.1M+19.7%	$1.7M-48.2%	$3.3M-35.9%	$5.2M-24.0%	$6.9M+0.7%	$6.8M-32.8%	$10.2M+17.0%	$8.7M
Total Equity	$82.0M+25.9%	$65.1M+19.6%	$54.4M+16.4%	$46.8M+14.6%	$40.8M+15.5%	$35.4M+7.8%	$32.8M+17.2%	$28.0M+16.7%	$24.0M+1.8%	$23.6M+8.2%	$21.8M+1.2%	$21.5M+1.2%	$21.3M+1.8%	$20.9M+1.6%	$20.6M
Retained Earnings	$81.5M+36.8%	$59.5M+26.7%	$47.0M+36.3%	$34.5M+15.1%	$29.9M+53.0%	$19.6M+7.9%	$18.1M+30.4%	$13.9M+38.3%	$10.1M+3.5%	$9.7M+18.7%	$8.2M+0.3%	$8.2M+0.3%	$8.1M+1.4%	$8.0M-1.8%	$8.2M

Metric	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$139.5M+7.1%	$141.8M+15.0%	$141.0M+9.6%	$128.2M+12.1%	$130.3M+13.6%	$123.3M+8.2%	$128.6M+13.5%	$114.3M+2.4%
Current Assets	$64.8M+18.9%	$67.3M+42.2%	$66.4M+25.9%	$53.1M+40.8%	$54.5M+39.8%	$47.3M+22.6%	$52.7M+35.9%	$37.8M+2.5%
Cash & Equivalents	$35.3M+5.4%	$35.1M+39.2%	$36.5M+18.8%	$29.6M+83.4%	$33.4M+87.5%	$25.2M+41.8%	$30.7M+71.7%	$16.2M-11.8%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$13.7M+30.6%	$13.1M+20.1%	$12.1M+16.7%	$11.5M+9.7%	$10.5M+9.3%	$10.9M+14.7%	$10.4M-1.6%	$10.4M+13.1%
Accounts Receivable	$6.7M-11.2%	$14.0M+138.6%	$12.2M+93.6%	$7.5M+39.2%	$7.6M+3.7%	$5.9M+1.6%	$6.3M+2.4%	$5.4M-3.2%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Total Liabilities	$53.2M-18.2%	$59.9M+2.9%	$64.6M-2.4%	$58.0M+4.9%	$65.0M+11.5%	$58.2M-2.3%	$66.2M+4.5%	$55.3M-13.8%
Current Liabilities	$25.8M-21.1%	$31.4M+28.7%	$35.2M+13.2%	$27.1M+31.5%	$32.6M+45.6%	$24.4M+6.5%	$31.1M+23.3%	$20.6M-16.7%
Non-Current Liabilities	$27.5M-15.3%	$28.4M-15.8%	$29.4M-16.2%	$30.9M-11.0%	$32.4M-9.8%	$33.8M-7.8%	$35.1M-7.9%	$34.7M-11.9%
Long-Term Debt	$23.6M-17.1%	$24.6M-17.6%	$25.6M-18.1%	$27.0M-12.2%	$28.5M-10.9%	$29.9M-10.1%	$31.2M-10.3%	$30.7M-14.7%
Total Equity	$86.3M+32.3%	$82.0M+25.9%	$76.3M+22.4%	$70.2M+18.9%	$65.2M+15.9%	$65.1M+19.6%	$62.4M+25.0%	$59.1M+24.4%
Retained Earnings	$86.7M+37.2%	$81.5M+36.8%	$75.9M+35.1%	$69.2M+31.0%	$63.2M+28.4%	$59.5M+26.7%	$56.2M+32.2%	$52.8M+31.6%

Not reported in any period shown, so not listed: Goodwill.

BUKS Cash Flow Statement

BUKS quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$15.7M	$25.8M+40.1%	$18.4M+144.1%	$7.5M-64.0%	$20.9M+87.3%	$11.2M-16.9%	$13.5M+34.0%	$10.0M+5.0%	$9.6M+51.5%	$6.3M+5.2%	$6.0M+148.3%	$2.4M-55.0%	$5.4M+7.4%	$5.0M+66.1%	$3.0M+80.1%	$1.7M
Depreciation & Amortization	N/A	$6.9M+1.8%	$6.7M+11.1%	$6.1M+2.9%	$5.9M+11.7%	$5.3M+49.1%	$3.5M-30.8%	$5.1M+177.1%	$1.8M+4.9%	$1.8M-11.3%	$2.0M-8.7%	$2.2M-24.6%	$2.9M-17.5%	$3.5M+6.7%	$3.3M+49.0%	$2.2M
Stock-Based Compensation	N/A	$196K-38.8%	$320Kn/m	-$15K-104.2%	$357K-39.0%	$585K-1.2%	$592K+164.3%	$224Kn/m	$0	N/A	N/A	N/A	$0n/m	$0-100.0%	$90Kn/m	$0
Capital Expenditures	$7.0M	$6.5M-20.8%	$8.3M-5.5%	$8.7M+34.3%	$6.5M-32.0%	$9.6M+37.0%	$7.0M+120.9%	$3.2M-36.5%	$5.0M+117.8%	$2.3M-28.0%	$3.2M+15.3%	$2.8M-45.6%	$5.1M+1646.6%	$290K-96.4%	$8.2M+503.9%	$1.4M
Free Cash Flow	$8.7M	$19.2M+89.7%	$10.1Mn/m	-$1.2M-108.3%	$14.4M+802.3%	$1.6M-75.3%	$6.5M-6.0%	$6.9M+50.3%	$4.6M+13.7%	$4.0M+42.7%	$2.8Mn/m	-$340K-211.8%	$304K-93.5%	$4.7Mn/m	-$5.1M-1709.1%	$320K
Investing Cash Flow	-$4.8M	-$4.4Mn/m	-$5.4Mn/m	-$1.1Mn/m	-$5.9Mn/m	-$9.5Mn/m	-$7.0Mn/m	-$2.1Mn/m	-$5.0Mn/m	-$2.3Mn/m	-$3.2Mn/m	-$1.7Mn/m	-$3.7Mn/m	-$290Kn/m	-$8.2Mn/m	-$1.4M
Financing Cash Flow	-$9.1M	-$11.5Mn/m	-$5.6Mn/m	-$10.6Mn/m	-$5.5Mn/m	-$11.2Mn/m	-$1.2Mn/m	-$195Kn/m	-$2.9Mn/m	-$3.1Mn/m	-$3.8M-836.3%	$518Kn/m	-$1.7Mn/m	-$3.6M-225.5%	$2.9Mn/m	-$1.4M
Share Buybacks	N/A	$5.5M+142.4%	$2.3M-55.3%	$5.1M+8193.4%	$61K-63.7%	$168K-14.3%	$196K-39.9%	$326K-25.2%	$436K+133.2%	$187K+484.4%	$32K	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$4.6M-68.4%	$1.3Mn/m	$10.6M-24.2%	-$822K-131.7%	$14.7M+397.9%	-$1.2M-158.4%	$14.0M+581.1%	$2.6M-40.0%
Depreciation & Amortization	$1.8M+4.0%	$1.8M+3.4%	$1.7M-4.5%	$1.7M+2.0%	$1.7M+6.7%	$1.7M+14.2%	$1.8M+17.0%	$1.7M+2.0%
Stock-Based Compensation	$66K+94.1%	N/A	N/A	N/A	$34K-50.7%	N/A	N/A	N/A
Capital Expenditures	$1.9M+31.4%	$1.8M-15.3%	$1.5M-5.1%	$1.9M-46.0%	$1.4M+21.7%	$2.1M-33.2%	$1.5M+26.0%	$3.4M-0.8%
Free Cash Flow	$2.7M-79.3%	-$526Kn/m	$9.2M-26.5%	-$2.7Mn/m	$13.3M+649.2%	-$3.3Mn/m	$12.5M+1382.3%	-$828K-194.7%
Investing Cash Flow	-$1.9Mn/m	-$1.2Mn/m	-$1.5Mn/m	-$280Kn/m	-$1.4Mn/m	-$2.1Mn/m	-$34Kn/m	-$2.1M-307.1%
Financing Cash Flow	-$2.6Mn/m	-$1.4Mn/m	-$2.3M-520.8%	-$2.7Mn/m	-$5.0Mn/m	-$2.2Mn/m	$552Kn/m	-$2.2Mn/m
Share Buybacks	N/A	$8K-99.0%	$665K+400.0%	$1.2M+28.4%	$3.7M+687.3%	$765K+15200.0%	$133K+638.9%	$899K+89800.0%

Not reported in any period shown, so not listed: Dividends Paid.

BUKS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BUKS quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	71.3%-1.6pp	72.8%-0.3pp	73.1%-1.3pp	74.3%-2.4pp	76.7%-1.4pp	78.1%
Operating Margin	29.0%+9.0pp	20.0%+3.1pp	16.9%+5.4pp	11.5%-11.0pp	22.6%+13.0pp	9.6%-3.0pp	12.6%+3.6pp	9.0%+4.6pp	4.4%-2.5pp	6.9%+5.5pp	1.4%-1.4pp	2.8%-1.3pp	4.1%+1.0pp	3.1%-7.3pp	10.4%
Net Margin	22.4%+7.4pp	14.9%-1.0pp	16.0%+9.9pp	6.0%-8.5pp	14.5%+12.2pp	2.3%-4.1pp	6.4%-0.1pp	6.6%+5.9pp	0.7%-2.3pp	3.0%+3.0pp	0.1%0.0pp	0.1%-1.0pp	1.1%-0.6pp	1.7%-5.8pp	7.4%
Return on Equity	26.8%+7.5pp	19.3%-3.7pp	23.0%+13.3pp	9.7%-15.7pp	25.4%+21.3pp	4.0%-8.8pp	12.9%-0.9pp	13.8%+12.3pp	1.4%-5.1pp	6.5%+6.4pp	0.1%0.0pp	0.1%-2.3pp	2.4%-1.5pp	3.9%-15.2pp	19.0%
Return on Assets	15.5%+5.3pp	10.2%-0.8pp	11.0%+7.0pp	4.0%-6.3pp	10.3%+8.9pp	1.4%-3.1pp	4.5%-3.4pp	7.9%+7.1pp	0.8%-2.8pp	3.6%+3.5pp	0.1%0.0pp	0.1%-1.2pp	1.2%-0.6pp	1.8%-7.8pp	9.7%
Current Ratio	2.14+0.2x	1.94+0.3x	1.68+0.1x	1.58-0.5x	2.04+0.1x	1.96-0.8x	2.75+0.4x	2.36+0.6x	1.80+0.2x	1.65+0.1x	1.560.0x	1.610.0x	1.570.0x	1.55-0.6x	2.18
Debt-to-Equity	0.30-0.2x	0.46-0.2x	0.61-0.2x	0.82-0.2x	1.06-0.1x	1.13+1.0x	0.100.0x	0.070.0x	0.07-0.1x	0.14-0.1x	0.24-0.1x	0.320.0x	0.32-0.2x	0.49+0.1x	0.42
Liabilities-to-Equity	0.73-0.2x	0.89-0.2x	1.09-0.3x	1.430.0x	1.47-0.2x	1.710.0x	1.74+1.2x	0.520.0x	0.51-0.1x	0.61-0.1x	0.760.0x	0.75-0.1x	0.81-0.2x	0.97+0.1x	0.87
Asset Turnover	0.690.0x	0.680.0x	0.690.0x	0.660.0x	0.71+0.1x	0.60-0.1x	0.69-0.5x	1.200.0x	1.160.0x	1.18+0.1x	1.05-0.1x	1.130.0x	1.130.0x	1.12-0.2x	1.30
FCF Margin	19.6%+7.6pp	12.1%+13.6pp	-1.5%-20.7pp	19.2%+16.9pp	2.2%-8.3pp	10.5%+0.1pp	10.4%+2.6pp	7.8%-0.5pp	8.3%+2.8pp	5.6%+6.3pp	-0.8%-1.4pp	0.7%-9.3pp	10.0%+20.5pp	-10.5%-11.1pp	0.6%

Metric	Q1'2710-Q	Q4'2610-K	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Margin	24.1%+0.9pp	27.0%+6.6pp	34.3%+15.3pp	30.4%+7.7pp	23.2%+5.4pp	20.4%-0.4pp	19.0%-1.0pp	22.7%+4.4pp
Net Margin	17.1%-1.2pp	20.1%+4.6pp	24.9%+8.9pp	25.8%+8.9pp	18.3%+7.0pp	15.4%	16.0%+3.4pp	16.8%-8.4pp
Return on Equity	6.1%+0.4pp	6.8%+1.7pp	8.8%+3.4pp	8.5%+2.5pp	5.7%+1.7pp	5.1%	5.4%+0.6pp	6.1%-4.3pp
Return on Assets	3.8%+0.9pp	3.9%+1.2pp	4.8%+2.1pp	4.7%+1.5pp	2.8%+0.9pp	2.7%	2.6%+0.5pp	3.1%-1.3pp
Current Ratio	2.52+0.8x	2.14+0.2x	1.88+0.2x	1.96+0.1x	1.67-0.1x	1.94+0.3x	1.69+0.2x	1.83+0.3x
Debt-to-Equity	0.27-0.2x	0.30-0.2x	0.34-0.2x	0.38-0.1x	0.44-0.1x	0.46-0.2x	0.50-0.2x	0.52-0.2x
Liabilities-to-Equity	0.62-0.4x	0.73-0.2x	0.85-0.2x	0.83-0.1x	1.000.0x	0.89-0.2x	1.06-0.2x	0.94-0.4x
Asset Turnover	0.22+0.1x	0.200.0x	0.190.0x	0.180.0x	0.150.0x	0.180.0x	0.160.0x	0.190.0x
FCF Margin	8.9%-57.0pp	-1.9%+13.3pp	34.1%-24.9pp	-11.5%-7.6pp	65.9%+57.0pp	-15.2%-10.1pp	59.0%+54.6pp	-3.9%-8.3pp

Not reported in any period shown, so not listed: Gross Margin.

Where BUTLER NATL CORP Ranks

Frequently Asked Questions

What is BUTLER NATL CORP's annual revenue?

BUTLER NATL CORP (BUKS) reported $98.0M in total revenue for fiscal year 2026. This represents a 16.7% 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 16.7% year-over-year, from $84.0M to $98.0M in fiscal year 2026.

Is BUTLER NATL CORP profitable?

Yes, BUTLER NATL CORP (BUKS) reported a net income of $23.5M over the trailing 12 months to July 31, 2026. In fiscal year 2026 it reported a net income of $21.9M, with a net profit margin of 22.4%.

What is BUTLER NATL CORP's EBITDA?

BUTLER NATL CORP (BUKS) had EBITDA of $35.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BUTLER NATL CORP have?

As of fiscal year 2026, BUTLER NATL CORP (BUKS) had $35.1M in cash and equivalents against $24.6M in long-term debt.

What is BUTLER NATL CORP's operating margin?

BUTLER NATL CORP (BUKS) had an operating margin of 29.0% in fiscal year 2026, 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 22.4% in fiscal year 2026, 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 26.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is BUTLER NATL CORP's free cash flow?

BUTLER NATL CORP (BUKS) generated $19.2M in free cash flow during fiscal year 2026. This represents a 89.7% 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 $25.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are BUTLER NATL CORP's total assets?

BUTLER NATL CORP (BUKS) had $141.8M in total assets as of fiscal year 2026, including both current and long-term assets.

What are BUTLER NATL CORP's capital expenditures?

BUTLER NATL CORP (BUKS) invested $6.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does BUTLER NATL CORP spend on research and development?

BUTLER NATL CORP (BUKS) invested $1.5M in research and development during fiscal year 2026.

Does BUTLER NATL CORP buy back shares?

Yes, BUTLER NATL CORP (BUKS) spent $5.5M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does BUTLER NATL CORP have outstanding?

BUTLER NATL CORP (BUKS) had 64M shares outstanding as of fiscal year 2026.

What is BUTLER NATL CORP's current ratio?

BUTLER NATL CORP (BUKS) had a current ratio of 2.14 as of fiscal year 2026, 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 0.30 as of fiscal year 2026. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is BUTLER NATL CORP's liabilities-to-equity ratio?

BUTLER NATL CORP (BUKS) had a liabilities-to-equity ratio of 0.73 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is BUTLER NATL CORP's return on assets (ROA)?

BUTLER NATL CORP (BUKS) had a return on assets of 15.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is BUTLER NATL CORP's P/E ratio?

BUTLER NATL CORP (BUKS) trades at 13.4x earnings, its market capitalization divided by $23.5M net income, trailing 12 months to July 31, 2026. The market capitalization is $314.1M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is BUTLER NATL CORP's price-to-sales ratio?

BUTLER NATL CORP (BUKS) trades at 2.9x sales, its market capitalization divided by $108.6M revenue, trailing 12 months to July 31, 2026. The market capitalization is $314.1M as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is BUTLER NATL CORP's Altman Z-Score?

BUTLER NATL CORP (BUKS) has an Altman Z-Score of 5.61, placing it in the Safe Zone (low bankruptcy 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 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.18x, 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 14.72x, 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.