BUTLER NATIONAL CORP
BUKSOTCConsumer Discretionary · Services-Miscellaneous Amusement & Recreation · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $84.0M | $78.4M | $75.2M | $71.5M | $61.5M | $65.9M |
| Operating income | $16.8M | $13.2M | $8.7M | $16.1M | $5.9M | $8.3M |
| Net income | $12.6M | $12.5M | $4.5M | $10.4M | $1.4M | $4.2M |
| Total assets | $123.3M | $114.0M | $113.9M | $100.8M | $101.9M | $94.8M |
| Total liabilities | $58.2M | $59.5M | $67.1M | $60.0M | $60.5M | $57.0M |
| Equity | $65.1M | $54.4M | $46.8M | $40.8M | $35.4M | $32.8M |
| EPS (diluted) | $0.19 | $0.18 | $0.06 | $0.14 | $0.02 | $0.06 |
| Shares out. | 67.2M | 68.8M | 68.7M | 76.5M | 75.4M | 74.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 20.0%
- Net margin
- 14.9%
- Return on equity
- 19.3%
- Return on assets
- 10.2%
- Return on capital (ROCE)
- 17.0%
- Liabilities / assets
- 47.2%
- Debt / equity
- 0.89×
- Book value / share
- $0.97
- Revenue growth (YoY)
- 7.1%
- Net income growth (YoY)
- 0.3%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 4.88safe
- Accruals / assets
- −4.7%clean
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 7 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Jul 25, 2001
- NT 10-Qmissed a reporting deadline ↗Mar 15, 2001
- NT 10-Qmissed a reporting deadline ↗Sep 14, 2000
- NT 10-Kmissed a reporting deadline ↗Jul 27, 2000
- NT 10-Kmissed a reporting deadline ↗Jul 29, 1999
- NT 10-Qmissed a reporting deadline ↗Sep 14, 1998
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Daly Joseph PatrickActivist (13D)Sep 24, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 31,102 | 1.0 | -4.2% |
| Apr 30, 2026 | 32,470 | 1.0 | +6.7% |
| Apr 15, 2026 | 30,443 | 1.0 | +90.3% |
| Mar 31, 2026 | 16,000 | 1.0 | -22.5% |
| Mar 13, 2026 | 20,645 | 1.0 | +7.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Other material eventJun 1, 2026
- Results of operationsMar 12, 2026
- Results of operationsDec 11, 2025
- Shareholder voteOct 2, 2025
- Regulation FD disclosureOct 1, 2025
- Results of operationsSep 12, 2025
- Other material eventAug 13, 2025
- Director / officer changeJul 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KJun 1, 2026
- 4PRIMARY DOCUMENTMar 23, 2026
- 4PRIMARY DOCUMENTMar 19, 2026
- 4FORM 4Mar 18, 2026
- 4FORM 4Mar 18, 2026
- 4FORM 4Mar 18, 2026
- 8-KMar 12, 2026
- 10-QMar 12, 2026
- 4FORM 4Jan 13, 2026
- 4FORM 4Jan 12, 2026
- 4FORM 4Jan 12, 2026
- 4PRIMARY DOCUMENTJan 2, 2026
- 4PRIMARY DOCUMENTDec 30, 2025
- 4Dec 29, 2025
- 4PRIMARY DOCUMENTDec 23, 2025
Event-driven situations (1)
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