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Butler National Corp (BUKS) stock analysis

BUKSOTCServices-Miscellaneous Amusement & RecreationFiscal year ends April 30
Financials through Q1 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 11, 2026Score 13/30
$5.18+0.32 (+6.58%)

Close on Oct 19, 2026Market cap $331.28MP/E 14.4Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth2Performance6Health5Dividend0

Mixed13 of 30 checks passed

Butler National passes 13 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
2/6
Past performance
6/6
Financial health
5/6
Dividend
0/6

What stands out

  • Return on equity over 15%

    Return on equity was 31.0% over the last twelve months and averaged 22.6% over five years.

  • Return on capital over 10%

    Return on invested capital was 31.5%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 32.5% of shareholders' equity, under the 40% we consider low.

  • Earnings grew over 5 years

    Net income grew 72.6% a year on average over the last five fiscal years.

What to watch

  • Revenue growing under 10% a year

    Revenue grew 9.2% a year over the last three fiscal years, short of the 10% we look for.

  • Earnings growth not accelerating

    Net income grew 68.1% over the last twelve months, against a 5-year average of 72.6% a year.

  • No dividend

    Butler National has not paid a dividend in the last twelve months.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew 9.2% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 78.3% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew 68.1% over the last twelve months, against a 5-year average of 72.6% a year.

  • Growing faster than the industry

    Revenue grew 28.9% over the last twelve months; the Miscellaneous Amusement and Recreation median is 9.8%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    This company does not report gross profit.

Past performance6/6

  • Return on equity over 15%

    Return on equity was 31.0% over the last twelve months and averaged 22.6% over five years.

  • Return on capital over 10%

    Return on invested capital was 31.5%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Butler National's return on equity of 31.0% is above the Miscellaneous Amusement and Recreation median of 4.4%.

  • Earnings grew over 5 years

    Net income grew 72.6% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 21.6% over the last twelve months, against a 5-year average of 14.8%.

  • Net margin above the industry

    Butler National's net margin of 21.6% is above the Miscellaneous Amusement and Recreation median of 1.6%.

Financial health5/6

  • Low debt

    Debt is 32.5% of shareholders' equity, under the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 129% five years ago to 32.5%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 56.1% of total debt.

  • Interest well covered

    Operating income covers interest expense 17.1 times.

  • Short-term assets cover short-term debts

    Current assets are 2.52 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    Butler National has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Butler National. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 8.3
  • Miscellaneous Amusement and Recreation median 35.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Margins

Share of revenue, fiscal years 2012 to 2026

Gross margin

–

Operating margin

29.0%+19.4 pts over 5 years

Net margin

22.4%+20.1 pts over 5 years

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