ESPNYSEElectronic Components, NECFiscal year ends June 30
ESPEY MFG & ELECTRONICS CORP
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Sep 23, 2026
$53.41−2.17 (-3.90%)
Close on Oct 19, 2026
- Market cap
- $155.38M
- P/E (TTM)
- 13.7
- Dividend yield
- 3.28%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
35.3%+23.2 pts over 5 years
Operating margin
25.1%+26.7 pts over 5 years
Net margin
24.2%+24.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.9% | +9.0% | +10.7% | +5.3% | |
| Gross profit | +28.4% | +26.5% | +37.1% | +8.2% | |
| Operating income | +42.7% | +39.2% | – | +10.3% | |
| Net income | +37.3% | +44.9% | – | +13.4% | |
| EPS, diluted | +28.8% | +37.7% | – | +10.9% | |
| Free cash flow | -84.5% | -8.7% | +36.2% | -7.2% | |
| Dividend per share | +75.0% | +106.1% | +28.5% | +5.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 3.5% | -0.6% | 20.1% | |
| Return on assets | 3.2% | -0.5% | 12.7% | |
| Current ratio | 9.84 | 4.68 | 2.50 | |
| Inventory turnover | 1.7× | 1.5× | 1.4× | |
| Capex to revenue | 1.6% | 0.2% | 6.7% | |
| Diluted shares | 2M | 2M | 3M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Espey Mfg & Electronics generated $43.40M from operations and spent $23.05M on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
Generated
$43.40M
Used
$23.05M
Capital expenditure$13.45M58%Dividends$9.60M42%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin24.2%
×Asset turnover0.52×
×Equity multiplier1.58×
=Return on equity, FY202620.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 24.2% | 0.52× | 1.58× | 20.1% |
| FY2025 | 18.5% | 0.65× | 1.47× | 17.7% |
| FY2024 | 15.0% | 0.74× | 1.35× | 15.1% |
| FY2023 | 10.3% | 0.81× | 1.29× | 10.8% |
| FY2022 | 3.9% | 0.82× | 1.25× | 4.1% |
| FY2021 | -0.7% | 0.73× | 1.24× | -0.6% |
| FY2020 | 3.7% | 0.85× | 1.17× | 3.7% |
| FY2019 | 6.4% | 1.01× | 1.11× | 7.2% |
| FY2018 | 9.5% | 0.90× | 1.11× | 9.4% |
| FY2017 | 5.0% | 0.64× | 1.09× | 3.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$11.18M
- Cash generatingOperating cash flow above zero$5.69M
- Return on assets improvedROA up on the prior year14.4% → 14.1%
- Earnings backed by cashOperating cash flow above net income$5.69M vs $11.18M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.62 → 2.50
- No dilutionShare count did not rise3M → 3M
- Gross margin improvedGross margin up on the prior year28.86% → 35.30%
- More efficientAsset turnover rose0.78 → 0.58