Here are the 10-K annual reports from National Presto Industries, Inc. (NPK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NPK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NPK filings page.
National Presto Industries, Inc. reported 2025 results showing strong growth in sales but weaker profitability. Consolidated sales rose by $115,296,000 (30%), driven mainly by the Defense segment, while net earnings fell 20% to $33,084,000 and earnings before income taxes declined 17% to $42,119,000.
Defense net sales increased 43% to $405,937,000, supported by large U.S. Army 40mm ammunition contracts and a Defense backlog that grew to about $1,747,809,000 as of December 31, 2025. Housewares/Small Appliance sales fell 7% to $95,604,000, and tariffs on goods shipped from the Orient after January 31, 2025, plus distribution center relocation costs, sharply reduced that segment’s gross profit.
The Safety segment remains startup in nature with limited revenues of $1,983,000 and negative margins. Cash from operations was a use of $9,137,000, reflecting higher inventories and receivables tied to Defense growth, while the company invested heavily in property, plant and equipment and drew on its revolving credit line. A March 1, 2025 cybersecurity incident caused temporary operational disruption but, after investigation, was found to have no material impact on financial condition or results. The board declared a regular dividend of $1.00 per share payable March 20, 2026; there was no extra dividend in 2025.