National Presto Industries, Inc. (NPK) 10-Year Financial Performance & Capital Metrics

NPK • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsMilitary Communications & Networks

AboutNational Presto Industries Inc. provides housewares and small electric appliance, and defense products primarily in North America. It operates through three segments: Housewares/Small Appliance, Defense, and Safety. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers under the Presto Control Master brand. This segment sells its products directly to retailers, as well as through independent distributors. The Defense segment manufactures and sells 40mm ammunition, precision mechanical and electro-mechanical products, and medium caliber cartridge cases; and detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. This segment primarily serves the United States Department of Defense (DOD) and DOD prime contractors. The Safety segment patents machine learning, digital sensors, and cloud-based technology to continuously monitor freezers and refrigerators detecting and alerting users to potential safety issues around pharmaceuticals and food. National Presto Industries Inc. was incorporated in 1905 and is based in Eau Claire, Wisconsin.Show more

Revenue $388M +13.9%
EBITDA $50M +22.5%
Net Income $41M +20.0%
EPS (Diluted) 5.82 +19.8%
Gross Margin 20.24% +2.3%
EBITDA Margin 12.95% +7.5%
Operating Margin 11.65% +13.3%
Net Margin 10.68% +5.3%
ROE 11.45% +16.7%
ROIC 10.61% +14.6%
Debt/Equity 0.03 -9.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Healthy dividend yield of 3.8%
✓Trading near 52-week high

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.6%

5Y4.7%

3Y2.95%

TTM31.27%

Profit (Net Income) CAGR

10Y4.59%

5Y-0.36%

3Y17.35%

TTM26.67%

EPS CAGR

10Y4.3%

5Y-0.67%

3Y17.04%

TTM-99.78%

ROCE

10Y Avg12.96%

5Y Avg10.15%

3Y Avg9.25%

Latest12.1%

Peer Comparison

Military Communications & Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AXONAxon Enterprise, Inc.	50.18B	631.73	131.61	33.44%	10.05%	8.49%	0.66%	0.60
CDRECadre Holdings, Inc.	1.72B	42.29	46.99	17.62%	7.33%	13.33%	1.52%	0.77
SWBISmith & Wesson Brands, Inc.	468.52M	10.53	35.10	-11.42%	2.12%	2.73%		0.31
BYRNByrna Technologies Inc.	402.24M	17.70	32.18	101.1%	14.43%	25.33%	2.33%	0.05
RGRSturm, Ruger & Company, Inc.	587.23M	36.83	20.81	-1.49%	0.48%	0.93%	5.91%	0.01
NPKNational Presto Industries, Inc.	845.79M	118.26	20.32	13.88%	9.23%	11.11%		0.03
PEWGrabAGun Digital Holdings Inc.	112.26M	3.74	13.85			6.92%
GPUSHyperscale Data, Inc.	106.72M	0.33	-0.01	-31.82%	-38.79%	-63.6%		57.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	427.69M	341.9M	333.63M	323.32M	308.51M	352.63M	355.78M	321.62M	340.91M	388.23M
Revenue Growth %	0.04%	-0.2%	-0.02%	-0.03%	-0.05%	0.14%	0.01%	-0.1%	0.06%	0.14%
Cost of Goods Sold+	338.11M	256.24M	246.4M	247.43M	236.59M	267.7M	291.38M	266.5M	273.46M	309.66M
COGS % of Revenue	0.79%	0.75%	0.74%	0.77%	0.77%	0.76%	0.82%	0.83%	0.8%	0.8%
Gross Profit+	89.58M	85.66M	87.23M	75.88M	71.92M	84.92M	64.4M	55.13M	67.45M	78.57M
Gross Margin %	0.21%	0.25%	0.26%	0.23%	0.23%	0.24%	0.18%	0.17%	0.2%	0.2%
Gross Profit Growth %	0.16%	-0.04%	0.02%	-0.13%	-0.05%	0.18%	-0.24%	-0.14%	0.22%	0.16%
Operating Expenses+	29.18M	23.15M	25.53M	25.45M	25.55M	28.73M	34.37M	33M	32.42M	33.35M
OpEx % of Revenue	0.07%	0.07%	0.08%	0.08%	0.08%	0.08%	0.1%	0.1%	0.1%	0.09%
Selling, General & Admin	24.01M	22.43M	22.9M	23.29M	25.46M	28.5M	34.15M	27.61M	30.78M	31.84M
SG&A % of Revenue	0.06%	0.07%	0.07%	0.07%	0.08%	0.08%	0.1%	0.09%	0.09%	0.08%
Research & Development	0	0	0	0	0	0	0	1.46M	0	0
R&D % of Revenue	-	-	-	-	-	-	-	0%	-	-
Other Operating Expenses	5.17M	721K	3.58M	4.44M	83K	221K	214K	3.92M	1.64M	1.51M
Operating Income+	60.39M	62.51M	61.7M	47.9M	46.38M	56.2M	30.03M	22.13M	35.03M	45.21M
Operating Margin %	0.14%	0.18%	0.18%	0.15%	0.15%	0.16%	0.08%	0.07%	0.1%	0.12%
Operating Income Growth %	0.51%	0.04%	-0.01%	-0.22%	-0.03%	0.21%	-0.47%	-0.26%	0.58%	0.29%
EBITDA+	75.99M	77.19M	71.59M	54.12M	50.07M	59.2M	33.01M	25.47M	41.04M	50.26M
EBITDA Margin %	0.18%	0.23%	0.21%	0.17%	0.16%	0.17%	0.09%	0.08%	0.12%	0.13%
EBITDA Growth %	0.23%	0.02%	-0.07%	-0.24%	-0.07%	0.18%	-0.44%	-0.23%	0.61%	0.22%
D&A (Non-Cash Add-back)	15.6M	14.68M	9.89M	6.22M	3.69M	3M	2.98M	3.35M	6.01M	5.05M
EBIT	62.52M	63.32M	65.28M	50.43M	52.31M	56.2M	30.03M	26.93M	35.03M	45.21M
Net Interest Income+	396K	810K	0	0	0	0	0	-8.17M	0	0
Interest Income	396K	810K	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	8.17M	0	0
Other Income/Expense	397K	810K	3.58M	4.44M	5.93M	3.79M	2.43M	3.82M	7.4M	5.46M
Pretax Income+	60.79M	63.32M	65.28M	52.34M	52.31M	59.99M	32.46M	25.94M	42.43M	50.67M
Pretax Margin %	0.14%	0.19%	0.2%	0.16%	0.17%	0.17%	0.09%	0.08%	0.12%	0.13%
Income Tax+	20.29M	21.41M	21.97M	12.45M	11.77M	13.03M	6.8M	5.25M	7.87M	9.21M
Effective Tax Rate %	0.67%	0.7%	0.81%	0.76%	0.81%	0.78%	0.79%	0.8%	0.81%	0.82%
Net Income+	40.5M	44.56M	52.96M	39.94M	42.22M	46.96M	25.65M	20.7M	34.56M	41.46M
Net Margin %	0.09%	0.13%	0.16%	0.12%	0.14%	0.13%	0.07%	0.06%	0.1%	0.11%
Net Income Growth %	0.53%	0.1%	0.19%	-0.25%	0.06%	0.11%	-0.45%	-0.19%	0.67%	0.2%
Net Income (Continuing)	42.16M	41.91M	43.31M	39.89M	40.54M	46.96M	25.65M	20.7M	34.56M	41.46M
Discontinued Operations	0	2.65M	9.64M	51K	1.68M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.83	6.39	7.58	5.70	6.02	6.67	3.63	2.92	4.86	5.82
EPS Growth %	0.53%	0.1%	0.19%	-0.25%	0.06%	0.11%	-0.46%	-0.2%	0.66%	0.2%
EPS (Basic)	5.83	6.39	7.58	5.70	6.02	6.67	3.63	2.92	4.86	5.82
Diluted Shares Outstanding	6.95M	6.97M	6.99M	7M	7.02M	7.04M	7.06M	7.08M	7.11M	7.13M
Basic Shares Outstanding	6.95M	6.97M	6.99M	7M	7.02M	7.04M	7.06M	7.08M	7.11M	7.13M
Dividend Payout Ratio	0.69%	0.79%	0.73%	1.05%	1%	0.9%	1.72%	1.54%	0.82%	0.77%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	261.59M	340.5M	338.51M	352.26M	337.83M	357.24M	348.05M	326.63M	360.11M	366.66M
Cash & Short-Term Investments	88.48M	111.49M	155.47M	191.44M	158.31M	155.02M	144M	95.57M	114.11M	22.67M
Cash Only	56.22M	27.03M	11.22M	56.85M	79.58M	86.04M	109.81M	70.71M	87.66M	17.66M
Short-Term Investments	32.26M	84.46M	144.25M	134.6M	78.73M	68.98M	34.19M	24.86M	26.45M	5.01M
Accounts Receivable	55.58M	67.28M	65.22M	59.59M	44.32M	56.54M	55.71M	73.25M	50.36M	62.89M
Days Sales Outstanding	47.43	71.83	71.35	67.27	52.43	58.52	57.15	83.13	53.91	59.13
Inventory	98.62M	95.4M	104.44M	93.99M	128.54M	135.49M	143.86M	152.14M	190.42M	278M
Days Inventory Outstanding	106.46	135.89	154.71	138.65	198.3	184.73	180.21	208.37	254.16	327.68
Other Current Assets	28.62M	66.32M	13.38M	2.05M	2.05M	5.89M	-256K	294K	205K	0
Total Non-Current Assets+	125.79M	77.1M	73.36M	61.36M	73.98M	77.56M	74.32M	87.9M	80.43M	86.74M
Property, Plant & Equipment	91.31M	49.48M	45.17M	39.14M	40.8M	40.48M	46.88M	52.52M	49.9M	53.2M
Fixed Asset Turnover	4.68x	6.91x	7.39x	8.26x	7.56x	8.71x	7.59x	6.12x	6.83x	7.30x
Goodwill	11.48M	11.48M	11.48M	11.48M	15.32M	15.32M	15.32M	18.57M	19.43M	19.43M
Intangible Assets	5.47M	4.96M	3.33M	1M	3.06M	2.84M	2.62M	6.93M	5.29M	3.78M
Long-Term Investments	3.94M	6.53M	6.75M	6.97M	7.18M	7.4M	0	0	0	0
Other Non-Current Assets	10.25M	-2.12M	5.64M	1.67M	4.78M	6.91M	2.88M	1.69M	0	0
Total Assets+	387.38M	417.59M	411.87M	413.62M	411.81M	434.8M	422.38M	414.54M	440.54M	453.4M
Asset Turnover	1.10x	0.82x	0.81x	0.78x	0.75x	0.81x	0.84x	0.78x	0.77x	0.86x
Asset Growth %	0.02%	0.08%	-0.01%	0%	-0%	0.06%	-0.03%	-0.02%	0.06%	0.03%
Total Current Liabilities+	48.13M	64.35M	45.5M	47.49M	39.3M	55.09M	53.16M	53.64M	72.02M	74.44M
Accounts Payable	27.75M	39.58M	28.45M	24.3M	19.54M	25.74M	30.33M	29.68M	32.57M	44.54M
Days Payables Outstanding	29.95	56.38	42.14	35.85	30.15	35.1	37.99	40.65	43.48	52.5
Short-Term Debt	0	0	0	0	520K	573K	546K	577K	0	0
Deferred Revenue (Current)	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	15.81M	19.82M	11.22M	16.68M	7.25M	11.8M	9.39M	8.8M	-13.67M	-9.76M
Current Ratio	5.44x	5.29x	7.44x	7.42x	8.60x	6.48x	6.55x	6.09x	5.00x	4.93x
Quick Ratio	3.39x	3.81x	5.14x	5.44x	5.33x	4.03x	3.84x	3.25x	2.36x	1.19x
Cash Conversion Cycle	123.94	151.34	183.92	170.07	220.59	208.15	199.37	250.85	264.6	334.31
Total Non-Current Liabilities+	32.54M	3M	28.45M	34.1M	4.56M	5.36M	11.59M	12.84M	12.26M	11.33M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	3M	2.79M	9.62M	10.15M	9.99M	9.4M
Deferred Tax Liabilities	9.44M	3M	0	0	1.56M	1.63M	1.98M	2.69M	0	0
Other Non-Current Liabilities	-9.44M	0	0	0	0	940K	0	0	2.27M	1.94M
Total Liabilities	48.13M	67.36M	45.5M	47.49M	43.85M	60.45M	64.75M	66.48M	84.28M	85.77M
Total Debt+	0	0	0	0	3.52M	3.36M	10.16M	10.73M	10.66M	9.96M
Net Debt	-56.22M	-27.03M	-11.22M	-56.85M	-76.06M	-82.67M	-99.64M	-59.98M	-76.99M	-7.7M
Debt / Equity	-	-	-	-	0.01x	0.01x	0.03x	0.03x	0.03x	0.03x
Debt / EBITDA	-	-	-	-	0.07x	0.06x	0.31x	0.42x	0.26x	0.20x
Net Debt / EBITDA	-0.74x	-0.35x	-0.16x	-1.05x	-1.52x	-1.40x	-3.02x	-2.35x	-1.88x	-0.15x
Interest Coverage	-	-	-	-	-	-	-	2.71x	-	-
Total Equity+	339.25M	350.24M	366.38M	366.12M	367.96M	374.35M	357.62M	348.05M	356.26M	367.63M
Equity Growth %	0.04%	0.03%	0.05%	-0%	0.01%	0.02%	-0.04%	-0.03%	0.02%	0.03%
Book Value per Share	48.81	50.25	52.42	52.27	52.43	53.19	50.65	49.15	50.13	51.58
Total Shareholders' Equity	339.25M	350.24M	366.38M	366.12M	367.96M	374.35M	357.62M	348.05M	356.26M	367.63M
Common Stock	7.44M	7.44M	7.44M	7.44M	7.44M	7.44M	7.44M	7.44M	7.44M	7.44M
Retained Earnings	340.8M	350.2M	364.76M	362.71M	362.84M	367.63M	349.2M	338.07M	344.25M	353.66M
Treasury Stock	-15.75M	-15.27M	-14.81M	-14.41M	-13.91M	-13.31M	-12.78M	-12.16M	-11.48M	-10.81M
Accumulated OCI	-9K	-47K	-86K	21K	136K	154K	20K	-103K	22K	35K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	46.27M	66.38M	24.28M	76.25M	9.58M	40.97M	34.69M	8.77M	45.39M	-53.43M
Operating CF Margin %	0.11%	0.19%	0.07%	0.24%	0.03%	0.12%	0.1%	0.03%	0.13%	-0.14%
Operating CF Growth %	-0.37%	0.43%	-0.63%	2.14%	-0.87%	3.28%	-0.15%	-0.75%	4.18%	-2.18%
Net Income	40.5M	44.56M	52.96M	39.94M	42.22M	46.96M	25.65M	20.7M	34.56M	41.46M
Depreciation & Amortization	15.6M	14.68M	9.89M	6.22M	3.69M	3M	2.98M	3.35M	6.01M	5.05M
Stock-Based Compensation	333K	391K	545K	469K	830K	366K	469K	476K	0	0
Deferred Taxes	-998K	6.36M	-4M	-121K	1.15M	-1.72M	-1.61M	-2.31M	-1.19M	-4.53M
Other Non-Cash Items	220K	217K	238K	2.76M	-1.66M	488K	9.36M	6.26M	1.38M	1.48M
Working Capital Changes	-10.4M	303K	-21.67M	26.13M	-36.65M	-8.13M	-2.17M	-19.7M	4.63M	-96.88M
Change in Receivables	708K	-13.54M	1.85M	11.55M	10.91M	-12.2M	1.08M	-12.9M	20.34M	-13.28M
Change in Inventory	-9.4M	-7.53M	-8.73M	6.82M	-34.24M	-6.95M	-10.14M	-5.62M	-38.63M	-87.58M
Change in Payables	-2.68M	12.14M	-11.46M	10.13M	-14.36M	10.05M	-1.23M	-676K	18.29M	390K
Cash from Investing+	-16.3M	-60.85M	-2.09M	10.84M	55.16M	7.16M	32.55M	-16.44M	-447K	14.96M
Capital Expenditures	-6.46M	-7.16M	-8.4M	-8.69M	-3.14M	-2.62M	-2.87M	-1.03M	-1.84M	-7.53M
CapEx % of Revenue	0.02%	0.02%	0.03%	0.03%	0.01%	0.01%	0.01%	0%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	25K	-1.22M	2.1M	331K	6.02M	9.78M	793K	106K	859K	1.04M
Cash from Financing+	-27.8M	-34.72M	-38M	-41.47M	-42.01M	-41.67M	-43.47M	-31.43M	-28M	-31.53M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-28.11M	-35.16M	-38.41M	-41.99M	-42.09M	-42.17M	-44.08M	-31.83M	-28.39M	-32.03M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-5K	0	-114K	-6K	-442K	-27K	45K	-36K	-40K	-17K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	39.81M	59.22M	15.88M	67.56M	6.45M	38.35M	31.82M	7.74M	43.55M	-60.96M
FCF Margin %	0.09%	0.17%	0.05%	0.21%	0.02%	0.11%	0.09%	0.02%	0.13%	-0.16%
FCF Growth %	-0.36%	0.49%	-0.73%	3.25%	-0.9%	4.95%	-0.17%	-0.76%	4.63%	-2.4%
FCF per Share	5.73	8.50	2.27	9.64	0.92	5.45	4.51	1.09	6.13	-8.55
FCF Conversion (FCF/Net Income)	1.14x	1.49x	0.46x	1.91x	0.23x	0.87x	1.35x	0.42x	1.31x	-1.29x
Interest Paid	0	0	0	0	0	0	0	0	0	2K
Taxes Paid	21.93M	17.28M	32.84M	14.97M	10.19M	13.8M	10.07M	8.21M	6.84M	11.96M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.18%	12.93%	14.78%	10.91%	11.5%	12.65%	7.01%	5.87%	9.81%	11.45%
Return on Invested Capital (ROIC)	16.34%	15.47%	13.64%	10.81%	11.57%	14.44%	8.19%	6.08%	9.26%	10.61%
Gross Margin	20.94%	25.05%	26.15%	23.47%	23.31%	24.08%	18.1%	17.14%	19.79%	20.24%
Net Margin	9.47%	13.03%	15.87%	12.35%	13.69%	13.32%	7.21%	6.44%	10.14%	10.68%
Debt / Equity	-	-	-	-	0.01x	0.01x	0.03x	0.03x	0.03x	0.03x
Interest Coverage	-	-	-	-	-	-	-	2.71x	-	-
FCF Conversion	1.14x	1.49x	0.46x	1.91x	0.23x	0.87x	1.35x	0.42x	1.31x	-1.29x
Revenue Growth	3.72%	-20.06%	-2.42%	-3.09%	-4.58%	14.3%	0.89%	-9.6%	6%	13.88%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Defense	-	-	320.21M	460.8M	505.07M	564M	9.56M
Defense Growth	-	-	-	43.90%	9.61%	11.67%	-98.30%
Defense Products	229.55M	209.11M	-	-	-	-	-
Defense Products Growth	-	-8.90%	-	-	-	-	-
Housewares Small Appliances	93.77M	99.4M	-	-	-	-	-
Housewares Small Appliances Growth	-	6.00%	-	-	-	-	-
Safety	-	-5K	-	-	-	-	-
Safety Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

National Presto Industries, Inc. (NPK) has a price-to-earnings (P/E) ratio of 20.3x. This is roughly in line with market averages.

Growth & Financials

National Presto Industries, Inc. (NPK) reported $450.6M in revenue for fiscal year 2024. This represents a 5% increase from $431.0M in 2011.

National Presto Industries, Inc. (NPK) grew revenue by 13.9% over the past year. This is steady growth.

Yes, National Presto Industries, Inc. (NPK) is profitable, generating $41.6M in net income for fiscal year 2024 (10.7% net margin).

Dividend & Returns

Yes, National Presto Industries, Inc. (NPK) pays a dividend with a yield of 3.80%. This makes it attractive for income-focused investors.

National Presto Industries, Inc. (NPK) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.

National Presto Industries, Inc. (NPK) had negative free cash flow of $55.5M in fiscal year 2024, likely due to heavy capital investments.

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