BUKS
Neutral signalScored 2026-10-02 Drivers: fundamentals. Moteurs : fondamentaux.
Research, not advice.
À propos
Butler National Corporation
- Nom
- Butler National Corporation
- Secteur
- Industrials
- Industrie
- Aerospace & Defense
- Bourse
- OTC
- Capitalisation
- $317.9M
- Employés
- 374
- PDG
- Adam Sefchick
- Site web
- https://www.butlernational.com
- Marché
- AAIIQAIRAIRIASLEATROCVU
Butler National Corporation is a diversified company operating internationally, specializing in a broad spectrum of aerospace activities. Its extensive involvement includes the design, engineering, manufacturing, distribution, installation, repair, and modification of various aerostructures, aircraft components, avionics, accessories, subassemblies, and complete systems. The company's operations are segmented into two key divisions: Aerospace Products and Professional Services. The Aerospace Products segment offers comprehensive aircraft modification services. These encompass transforming business-class aircraft from passenger to freighter configurations, integrating advanced radar systems, adding aerial photography capabilities, implementing intelligence surveillance reconnaissance (ISR) enhancements, and performing stability modifications for aircraft types such as Learjet, Beechcraft, Cessna, and Dassault Falcon, alongside other specialized alterations. Additionally, this segment is responsible for the production, sale, and servicing of electronic upgrades tailored for classic weapon control systems utilized in military aircraft and ground vehicles. It also handles the sales, installation, and maintenance of avionics equipment, including aircraft radio systems and flight controls, and provides troubleshooting and repair for autopilot systems. Under its Professional Services segment, Butler National Corporation oversees the management of the Boot Hill Casino and Resort, a prominent gaming and entertainment complex situated in Dodge City, Kansas, which includes associated dining and recreational facilities. This segment further extends its expertise to provide architectural services, focusing on commercial and industrial building design, along with comprehensive engineering services. Beyond these core segments, the corporation actively purchases, renovates, and resells aircraft, with a particular emphasis on Learjet models. Its wide-ranging clientele includes owners and operators across the entire aviation spectrum, from single-engine and commercial aircraft to regional, business, and military fleets. Established in 1960, Butler National Corporation maintains its headquarters in Olathe, Kansas.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
ACHAT TOTAL: 26 803 titres (~110 446,67 $ US)
- Insiders
- Daly Joseph Patrick
- Total bought
-
$110,447
Avg buy (VWAP, 90d window) $4.03 vs last close —
- Total sold
-
$236,474
Avg sell (VWAP, 90d window) $4.72 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-10-02
- Last synced
-
2026-10-08 10:07:03
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-15 | Zeff Capital, LP | Sell · S | 34,800 | $4.72 | $164,256 | Form 4 |
| 2026-10-14 | Zeff Capital, LP | Sell · S | 5,000 | $4.80 | $24,000 | Form 4 |
| 2026-10-13 | Zeff Capital, LP | Sell · S | 10,303 | $4.68 | $48,218 | Form 4 |
| 2026-10-02 | Daly Joseph Patrick | Buy · P | 10,000 | $4.09 | $40,900 | Form 4 |
| 2026-10-01 | Daly Joseph Patrick | Buy · P | 1,810 | $4.04 | $7,312 | Form 4 |
| 2026-09-22 | Daly Joseph Patrick | Buy · P | 5,000 | $4.01 | $20,050 | Form 4 |
| 2026-09-21 | Daly Joseph Patrick | Buy · P | 4,000 | $4.10 | $16,400 | Form 4 |
| 2026-09-15 | Daly Joseph Patrick | Buy · P | 1,000 | $4.04 | $4,040 | Form 4 |
| 2026-09-15 | Loh Michael Anthony | Buy · P | 10,000 | $3.91 | $39,100 | Form 4 |
| 2026-09-15 | Veradace Partners LP | Buy · P | 15,000 | $3.91 | $58,650 | Form 4 |
| 2026-09-14 | Veradace Partners LP | Buy · P | 40,000 | $4.09 | $163,600 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-10-02 Drivers: fundamentals. Moteurs : fondamentaux.
BUKS combines exceptional financial health (liquidity 85, fundamentals 90) with a strong earnings catalyst (score 80, confidence 0.75), underpinned by 53% revenue growth, a 92% aerospace surge, and a post-earnings…
The first sentence of the analysis written for BUKS on 2026-10-02 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Sale value outweighs purchases
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Supports a bullish reading. Stored narrative reading is in the bullish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Supports a bullish reading. Current ratio 2.14 · operating margin 29%
Market snapshot
Financial ratios
| Metric | Trend | 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 46.3% | 45.3% | 43.3% | 45.1% | 40.6% | |
| Ebit Margin | 29.0% | 22.5% | 24.5% | 11.5% | 22.0% | |
| Ebitda Margin | 36.3% | 30.5% | 32.2% | 19.4% | 29.1% | |
| Operating Profit Margin | 29.0% | 20.0% | 16.9% | 11.5% | 22.0% | |
| Pretax Profit Margin | 29.9% | 19.9% | 21.4% | 8.7% | 21.1% | |
| Continuous Operations Profit Margin | 22.4% | 14.9% | 16.0% | 6.0% | 16.7% | |
| Net Profit Margin | 22.4% | 14.9% | 16.0% | 6.0% | 14.1% | |
| Bottom Line Profit Margin | 22.4% | 14.9% | 16.0% | 6.0% | 14.1% | |
| Current Ratio | 2.142 | 1.938 | 1.684 | 1.583 | 2.036 | |
| Quick Ratio | 1.724 | 1.490 | 1.269 | 1.230 | 1.387 | |
| Solvency Ratio | 0.484 | 0.332 | 0.312 | 0.155 | 0.261 | |
| Cash Ratio | 1.118 | 1.033 | 0.776 | 0.867 | 0.914 | |
| Price To Earnings Ratio | 11.912 | 7.842 | 4.642 | 11.632 | 6.629 | |
| Price To Earnings Growth Ratio | 0.151 | 1.412 | 0.023 | -0.201 | 0.021 | |
| Forward Price To Earnings Growth Ratio | 0.151 | 1.412 | 0.023 | -0.201 | 0.021 | |
| Price To Earnings Diluted Ratio | 11.912 | 7.842 | 4.642 | 11.632 | 6.629 | |
| Price To Earnings Diluted Growth Ratio | 0.151 | 1.412 | 0.023 | -0.201 | 0.021 | |
| Price To Book Ratio | 3.210 | 1.552 | 1.081 | 1.124 | 1.712 | |
| Price To Sales Ratio | 2.686 | 1.203 | 0.751 | 0.699 | 0.952 | |
| Price To Free Cash Flow Ratio | 13.674 | 9.961 | -48.959 | 3.643 | 48.184 | |
| Price To Operating Cash Flow Ratio | 10.206 | 5.491 | 7.807 | 2.510 | 6.339 | |
| Debt To Assets Ratio | 0.236 | 0.318 | 0.364 | 0.412 | 0.512 | |
| Debt To Equity Ratio | 0.408 | 0.602 | 0.762 | 1.002 | 1.263 | |
| Debt To Capital Ratio | 0.290 | 0.376 | 0.433 | 0.501 | 0.558 | |
| Long Term Debt To Capital Ratio | 0.231 | 0.314 | 0.379 | 0.451 | 0.515 | |
| Financial Leverage Ratio | 1.730 | 1.894 | 2.094 | 2.435 | 2.469 | |
| Working Capital Turnover Ratio | 3.334 | 4.353 | 5.145 | 5.195 | 4.731 | |
| Operating Cash Flow Ratio | 0.820 | 0.754 | 0.329 | 0.825 | 0.807 | |
| Operating Cash Flow Sales Ratio | 0.263 | 0.219 | 0.096 | 0.278 | 0.150 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.746 | 0.551 | -0.159 | 0.689 | 0.132 | |
| Debt Service Coverage Ratio | 9.591 | 2.877 | 2.875 | 1.593 | 2.278 | |
| Interest Coverage Ratio | -14.720 | 7.729 | 5.410 | 3.155 | 5.998 | |
| Short Term Operating Cash Flow Coverage Ratio | 5.296 | 3.481 | 1.549 | 4.080 | 2.093 | |
| Operating Cash Flow Coverage Ratio | 0.771 | 0.470 | 0.182 | 0.447 | 0.214 | |
| Capital Expenditure Coverage Ratio | 3.943 | 2.228 | 0.862 | 3.216 | 1.151 | |
| Dividend Paid And Capex Coverage Ratio | 3.943 | 2.228 | 0.862 | 3.216 | 1.151 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 7.361 | 4.485 | 3.267 | 5.322 | 5.092 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 46.3% | ▲1.0% | ▲2.2% |
| Ebit Margin | 29.0% | ▲6.5% | ▲7.1% |
| Ebitda Margin | 36.2% | ▲5.7% | ▲6.8% |
| Operating Profit Margin | 29.0% | ▲9.0% | ▲9.2% |
| Pretax Profit Margin | 29.9% | ▲10.0% | ▲9.7% |
| Continuous Operations Profit Margin | 22.4% | ▲7.4% | ▲7.2% |
| Net Profit Margin | 22.4% | ▲7.4% | ▲7.7% |
| Bottom Line Profit Margin | 22.4% | ▲7.4% | ▲7.7% |
| Current Ratio | 2.142 | ▲0.204 | ▲0.265 |
| Quick Ratio | 1.724 | ▲0.234 | ▲0.304 |
| Solvency Ratio | 0.484 | ▲0.153 | ▲0.175 |
| Cash Ratio | 1.118 | ▲0.085 | ▲0.176 |
| Price To Earnings Ratio | 11.912 | ▲4.070 | ▲3.381 |
| Price To Earnings Growth Ratio | 0.151 | ▼-1.261 | ▼-0.130 |
| Forward Price To Earnings Growth Ratio | 0.151 | ▼-1.261 | ▼-0.130 |
| Price To Earnings Diluted Ratio | 11.912 | ▲4.070 | ▲3.381 |
| Price To Earnings Diluted Growth Ratio | 0.151 | ▼-1.261 | ▼-0.130 |
| Price To Book Ratio | 3.209 | ▲1.658 | ▲1.474 |
| Price To Sales Ratio | 2.686 | ▲1.482 | ▲1.428 |
| Price To Free Cash Flow Ratio | 13.675 | ▲3.714 | ▲8.374 |
| Price To Operating Cash Flow Ratio | 10.206 | ▲4.716 | ▲3.736 |
| Debt To Assets Ratio | 0.236 | ▼-0.082 | ▼-0.132 |
| Debt To Equity Ratio | 0.408 | ▼-0.194 | ▼-0.400 |
| Debt To Capital Ratio | 0.290 | ▼-0.086 | ▼-0.142 |
| Long Term Debt To Capital Ratio | 0.231 | ▼-0.084 | ▼-0.147 |
| Financial Leverage Ratio | 1.730 | ▼-0.163 | ▼-0.394 |
| Working Capital Turnover Ratio | 3.334 | ▼-1.020 | ▼-1.218 |
| Operating Cash Flow Ratio | 0.821 | ▲0.067 | ▲0.113 |
| Operating Cash Flow Sales Ratio | 0.263 | ▲0.044 | ▲0.062 |
| Free Cash Flow Operating Cash Flow Ratio | 0.746 | ▲0.195 | ▲0.355 |
| Debt Service Coverage Ratio | 9.591 | ▲6.714 | ▲5.748 |
| Interest Coverage Ratio | -14.720 | ▼-22.449 | ▼-16.234 |
| Short Term Operating Cash Flow Coverage Ratio | 5.296 | ▲1.815 | ▲1.996 |
| Operating Cash Flow Coverage Ratio | 0.771 | ▲0.301 | ▲0.354 |
| Capital Expenditure Coverage Ratio | 3.943 | ▲1.715 | ▲1.663 |
| Dividend Paid And Capex Coverage Ratio | 3.943 | ▲1.715 | ▲1.663 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | 7.361 | ▲2.875 | ▲2.255 |
Key metrics
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Market cap | $263.1M | $101.1M | $58.8M | $52.6M | $69.9M | |
| Enterprise value | $261.4M | $115.0M | $82.6M | $77.4M | $109.0M | |
| EV / Sales | 2.67x | 1.37x | 1.05x | 1.03x | 1.48x | |
| EV / Op. cash flow | 10.14x | 6.25x | 10.95x | 3.70x | 9.88x | |
| EV / Free cash flow | 13.59x | 11.34x | -68.69x | 5.37x | 75.13x | |
| EV / EBITDA | 7.36x | 4.49x | 3.27x | 5.32x | 5.09x | |
| Net debt / EBITDA | -0.05x | 0.54x | 0.94x | 1.71x | 1.83x | |
| Current ratio | 2.14x | 1.94x | 1.68x | 1.58x | 2.04x | |
| Income quality | 1.18x | 1.47x | 0.60x | 4.64x | 0.90x | |
| Graham number | $3 | $2 | $2 | $1 | $1 | |
| Graham net-net | -$0 | -$0 | -$0 | -$0 | -$1 | |
| Tax burden | 74.9% | 75.1% | 74.7% | 69.2% | 66.8% | |
| Interest burden | 103.0% | 88.5% | 87.3% | 75.4% | 96.2% | |
| Working capital | $35.9M | $22.9M | $15.7M | $14.8M | $14.2M | |
| Invested capital | $107.0M | $95.8M | $88.7M | $85.7M | $83.8M | |
| Return on assets | 15.5% | 10.2% | 11.0% | 4.0% | 10.3% | |
| Operating ROA | 21.5% | 14.2% | 11.6% | 8.1% | 15.9% | |
| Return on tangible assets | 16.6% | 11.0% | 12.1% | 4.3% | 11.2% | |
| Return on equity | 26.8% | 19.3% | 23.0% | 9.7% | 25.4% | |
| Return on invested capital | 18.5% | 12.1% | 10.3% | 6.4% | 13.8% | |
| Return on capital employed | 25.8% | 17.0% | 14.5% | 9.8% | 18.5% | |
| Earnings yield | 8.3% | 12.4% | 21.3% | 8.6% | 14.8% | |
| Free cash flow yield | 7.3% | 10.0% | -2.0% | 27.4% | 2.1% | |
| Capex / Op. cash flow | 25.4% | 44.9% | 115.9% | 31.1% | 86.8% | |
| Capex / Depreciation | 95.2% | 122.5% | 144.0% | 110.4% | 181.4% | |
| Capex / Sales | 6.7% | 9.8% | 11.2% | 8.7% | 13.0% | |
| SG&A / Sales | 22.2% | 25.3% | 26.4% | 33.6% | 18.7% | |
| R&D / Sales | 1.5% | 1.1% | 1.1% | 4.0% | 3.2% | |
| Stock comp / Sales | 0.4% | 0.5% | 0.3% | 0.9% | 1.9% | |
| Intangibles / Total assets | 7.0% | 7.5% | 9.3% | 7.7% | 8.0% | |
| Days sales outstanding | 58d | 41d | 45d | 28d | 25d | |
| Days payables outstanding | 91d | 69d | 43d | 47d | 23d | |
| Operating cycle | 149d | 128d | 123d | 107d | 100d | |
| Cash conversion cycle | 58d | 59d | 79d | 60d | 76d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-10-07 BUTLER NATIONAL CORPORATION ANNOUNCES $10 MILLION INCREASE IN STOCK REPURCHASE PROGRAM NEW CENTURY, Kan., Oct. 7, 2026 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, today announced that its Board of Directors has authorized a $10 million increase in the Company''s existing common stock repurchase program, bringing the total available authorization to approximately $11.9 million.
- 2026-09-16 Butler National Corporation: Undervalued In Relation To Peers Butler National earns a Buy rating, driven by explosive aerospace segment growth and clear undervaluation versus peers. BUKS'' aerospace revenues surged 92% YoY, supported by a $51.1 million backlog and operational efficiencies at Avcon and Butler-Tempe. While recent growth benefited from some timing effects, double-digit revenue growth appears sustainable given industry trends and backlog strength.
- 2026-09-15 Butler National: The Aerospace Transformation Is Accelerating Butler National is now driven by its Aerospace segment, which delivered 92% YoY growth and comprises 71% of revenue. Despite a 160% stock rally, BUKS trades at 12x LTM earnings, with a PEG of 0.16x, well below sector medians. I assign a Strong Buy rating, targeting $7-8/share (80% upside), based on 20% FY2027 revenue growth and 20% net margin assumptions.
- 2026-09-11 Butler National Q1 Earnings Call Highlights Butler National OTCMKTS: BUKS reported higher first-quarter fiscal 2027 revenue, operating income and net income, driven primarily by sharp growth in its aerospace products segment, according to management''s shareholder conference call.
- 2026-09-11 Butler National Corporation (BUKS) Q1 2027 Earnings Call Transcript Butler National Corporation (BUKS) Q1 2027 Earnings Call Transcript
- 2026-09-11 BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER 2027 FINANCIAL RESULTS BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER 2027 FINANCIAL RESULTSPR NewswireNEW CENTURY, Kan., Sept. 11, 2026â Revenue increased 53% to $30.8 million
- 2026-09-11 BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER 2027 FINANCIAL RESULTS – Revenue increased 53% to $30.8 million – Operating income increased 59% to $7.4 million – Net income increased 43% to $5.3 million – Earnings per share increased to $0.08 from $0.06 NEW CENTURY, Kan., Sept. 11, 2026 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter of fiscal 2027.
- 2026-08-25 AVCON DELIVERS KING AIR B200 MOSQUITO CONTROL AIRCRAFT MODIFICATION Special mission King Air Model B200 Modified by Avcon For Mosquito Control NEW CENTURY, Kan., Aug. 25, 2026 /PRNewswire/ -- Avcon Industries, Inc., a subsidiary of Butler National Corporation (OTCQX: BUKS), a leading manufacturer and systems integrator for special mission aircraft modifications, announces delivery of the first Avcon-modified mosquito control special mission King Air aircraft.
- 2026-08-20 BUTLER NATIONAL CORPORATION''S BOOT HILL CASINO & RESORT EXTENDS SPORTS WAGERING AGREEMENT WITH KANSAS LOTTERY AND DRAFTKINGS BUTLER NATIONAL CORPORATION''S BOOT HILL CASINO and RESORT EXTENDS SPORTS WAGERING AGREEMENT WITH KANSAS LOTTERY AND DRAFTKINGS PR N
- 2026-08-20 BUTLER NATIONAL CORPORATION''S BOOT HILL CASINO & RESORT EXTENDS SPORTS WAGERING AGREEMENT WITH KANSAS LOTTERY AND DRAFTKINGS Extension Continues Boot Hill''s Sports Wagering Management Through 2030 NEW CENTURY, Kan., Aug. 20, 2026 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS) announces that the Boot Hill Casino & Resort, managed by Butler National subsidiary BHCMC, LLC ("Boot Hill Casino "), executed two agreements extending existing sports wagering contract relationships through 2030.