Butler National (BUKS) AI Stock Analysis

• Market Cap: $127.48M
• Dividend Yield: N/A
• Average Volume (3M): 42.06K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.91
• Revenue Growth: 12.07%
• EPS Growth: 86.79%
• Country: US
• Employees: 377
• Sector: Industrials
• Sector Strength: 73
• Industry: Aerospace & Defense
• EPS (TTM): 0.20
• Shares Outstanding: 79,732,920
• 10 Day Avg. Volume: 70,786
• 30 Day Avg. Volume: 42,056
• PEG Ratio: 0.10
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.33
• Price to Cash Flow (P/CF): 2.00
• P/FCF Ratio: 2.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Butler National scores well overall due to robust financial performance and attractive valuation. Despite mixed technical indicators and no dividend yield, the company is strategically positioned for future growth, supported by positive corporate developments.

Butler National Business Overview & Revenue Model

Company Description

Butler National Corporation (BUKS) operates primarily in the aerospace and professional services sectors. The company is engaged in the design, manufacturing, and sale of electronic equipment for the aerospace industry as well as the provision of management services to the gaming industry. Its core products and services include aircraft modifications, avionics, and gaming management services.

How the Company Makes Money

Butler National Corporation makes money through two primary revenue streams: aerospace products and services, and gaming management services. In the aerospace segment, the company generates revenue by designing and manufacturing avionics and aircraft modifications primarily for business and general aviation markets. This includes specialized equipment for various aircraft systems and services related to aircraft safety and performance improvements. In the gaming sector, Butler National provides management services to casinos, deriving income from management fees and other related services. This diversification into the gaming industry helps stabilize revenue by providing an additional income stream that is not tied directly to the cyclical nature of the aerospace sector.

Butler National Financial Statement Overview

Summary

Butler National shows strong financial health with consistent revenue growth, solid profitability margins, and an improving balance sheet. The company effectively reduced leverage, enhancing financial stability. However, cash flow management remains a critical focus area to ensure sustainable liquidity and flexibility in capital deployment.

Income Statement

The company demonstrates strong revenue growth, with a 5.61% increase in the TTM compared to the previous annual period. Gross profit margin improved to 45.45% in the TTM, indicating effective cost management. The net profit margin is robust at 15.32%, showcasing strong profitability. EBIT and EBITDA margins are healthy at 20.41% and 28.84% respectively, underscoring strong operational performance. However, the slowing growth trajectory compared to prior years suggests potential challenges in sustaining this momentum.

Balance Sheet

The balance sheet reflects a solid equity position with an equity ratio of 51.65% in the TTM, indicating financial stability. The debt-to-equity ratio has significantly improved to 0.15, suggesting reduced financial leverage and risk. Return on equity is high at 21.47%, reflecting strong returns to shareholders. While the improvements are notable, the company must continue managing debt levels to maintain this favorable position.

Cash Flow

The cash flow statement shows a positive free cash flow growth rate compared to a negative figure in the previous period, marking a turnaround in cash generation. The operating cash flow to net income ratio is favorable at 0.76, indicating efficient cash conversion. However, the free cash flow to net income ratio is low at 0.05, highlighting the need for more robust cash flow relative to income. This suggests potential constraints on liquidity and capital allocation.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
84.99M	78.38M	75.18M	73.47M	61.48M	65.87M
	Gross Profit
49.79M	33.90M	33.88M	29.85M	17.86M	19.75M
	EBIT
17.12M	13.24M	8.65M	16.13M	5.90M	8.31M
	EBITDA
22.60M	19.31M	14.55M	21.41M	11.76M	14.66M
	Net Income Common Stockholders
13.68M	12.51M	4.52M	10.37M	2.46M	3.25M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
30.71M	17.79M	22.00M	12.49M	22.02M	16.79M
	Total Assets
128.60M	113.97M	113.91M	100.81M	101.92M	94.92M
	Total Debt
9.27M	41.51M	46.88M	51.58M	48.65M	48.81M
	Net Debt
-21.44M	23.72M	24.88M	39.09M	26.63M	32.02M
	Total Liabilities
35.13M	59.53M	67.13M	59.98M	60.54M	57.11M
	Stockholders Equity
62.37M	54.44M	46.78M	40.83M	35.36M	32.81M
Cash Flow		Free Cash Flow
12.28M	-1.20M	14.43M	1.45M	6.47M	6.88M
	Operating Cash Flow
21.59M	7.54M	20.94M	11.03M	13.46M	10.04M
	Investing Cash Flow
-3.77M	-1.13M	-5.94M	-9.50M	-6.99M	-2.07M
	Financing Cash Flow
-5.00M	-10.62M	-5.49M	-11.06M	-1.24M	-195.00K

Butler National Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BUKS, the sentiment is Positive. The current price of 1.75 is above the 20-day moving average (MA) of 1.54, above the 50-day MA of 1.65, and above the 200-day MA of 1.33, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 58.60 is Neutral, neither overbought nor oversold. The STOCH value of 93.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BUKS.

Butler National Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDY	78 Outperform	$23.35B	29.07	8.73%	―	0.53%	-7.18%
HEI	78 Outperform	$31.77B	64.52	16.18%	0.08%	23.06%	32.43%
BUKS	74 Outperform	$127.48M	8.30	24.37%	―	12.07%	86.79%
AIR	66 Neutral	$2.43B	248.30	0.86%	―	18.53%	-85.13%
ATRO	63 Neutral	$882.11M	―	-6.41%	―	15.41%	43.28%
Sector *	62 Neutral	$8.24B	13.35	1.72%	3.06%	3.81%	-14.27%
KTOS	59 Neutral	$4.78B	305.44	1.40%	―	9.57%	―

Butler National Corporate Events

Butler National Appoints Mickie Lamphere as Interim CFO

On March 13, 2025, Butler National Corporation appointed Mickie Lamphere as the Interim Chief Financial Officer. Ms. Lamphere, a Certified Public Accountant with over 30 years of experience, will serve as the principal financial officer and principal accounting officer. The company has entered into an agreement with Morgan Hunter, an executive services firm, to provide Ms. Lamphere’s services at a fee of $7,000 per week, with additional reimbursements for expenses.

Butler National Approves 2025 Employee Compensation Plan

Butler National Corporation’s Board of Directors has approved a 2025 Annual Cash Bonus Plan to attract and retain employees through competitive bonuses based on performance goals. Changes have also been made to the base salaries and bonus targets for executives, alongside restricted stock awards and agreements addressing severance and change in control, which enhance financial security and performance incentives for key personnel.