Park Aerospace Corp. (PKE) 10-Year Financial Performance & Capital Metrics

PKE • • Industrial / General

IndustrialsAerospace & DefenseAerospace Components & SubsystemsStructural Components & Composites

AboutPark Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts. The company also provides specialty ablative materials for rocket motors and nozzles; and specially designed materials for radome applications. In addition, it designs and fabricates composite parts, structures and assemblies, and low volume tooling for the aerospace industry. The company was formerly known as Park Electrochemical Corp. and changed its name to Park Aerospace Corp. in July 2019. Park Aerospace Corp. was incorporated in 1954 and is based in Westbury, New York.Show more

Revenue $62M +10.8%
EBITDA $11M +15.0%
Net Income $6M -21.3%
EPS (Diluted) 0.29 -21.6%
Gross Margin 28.44% -3.7%
EBITDA Margin 18.13% +3.8%
Operating Margin 15.15% +1.2%
Net Margin 9.48% -28.9%
ROE 5.35% -18.2%
ROIC 7.33% +27.3%
Debt/Equity 0.00 +179.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 85 (top 15%)
✓Healthy dividend yield of 2.1%
✓Healthy 5Y average net margin of 13.8%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.16%

5Y0.66%

3Y5%

TTM7.63%

Profit (Net Income) CAGR

10Y-11.54%

5Y-9.24%

3Y-11.42%

TTM5.41%

EPS CAGR

10Y-11.28%

5Y-8.81%

3Y-10.9%

TTM6.75%

ROCE

10Y Avg5.51%

5Y Avg6.67%

3Y Avg7.19%

Latest7.98%

Peer Comparison

Structural Components & Composites

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOARLoar Holdings Inc.	6.74B	71.99	299.96	26.88%	13.33%	5.46%	0.68%	0.26
PKEPark Aerospace Corp.	463.21M	23.27	80.24	10.75%	11.57%	6.91%	0.83%	0.00
BWXTBWX Technologies, Inc.	19.25B	210.54	68.58	8.31%	10.04%	24.74%	1.32%	0.98
GEGE Aerospace	345.17B	327.23	54.63	9.49%	18.33%	42.38%	1.07%	1.04
DCODucommun Incorporated	1.65B	110.17	52.46	3.9%	-4.29%	-5.33%	1.22%	0.40
HXLHexcel Corporation	6.57B	82.56	51.92	6.37%	3.67%	4.39%	3.09%	0.48
CVUCPI Aerostructures, Inc.	53.8M	4.08	15.69	-6.23%	-0.79%	-2.26%	5.86%	0.79
SPRSpirit AeroSystems Holdings, Inc.	4.64B	39.50	-2.16	4.44%	-40.65%

Profit & Loss

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Mar 2025
Sales/Revenue+	145.85M	114.61M	111.2M	51.12M	60.01M	46.28M	53.58M	54.05M	56M	62.03M
Revenue Growth %	-0.1%	-0.21%	-0.03%	-0.54%	0.17%	-0.23%	0.16%	0.01%	0.04%	0.11%
Cost of Goods Sold+	103.1M	84.57M	84.74M	34.93M	41.34M	33.09M	35.66M	37.58M	39.47M	44.38M
COGS % of Revenue	0.71%	0.74%	0.76%	0.68%	0.69%	0.71%	0.67%	0.7%	0.7%	0.72%
Gross Profit+	42.75M	30.04M	26.46M	16.18M	18.67M	13.19M	17.92M	16.47M	16.53M	17.64M
Gross Margin %	0.29%	0.26%	0.24%	0.32%	0.31%	0.29%	0.33%	0.3%	0.3%	0.28%
Gross Profit Growth %	-0.13%	-0.3%	-0.12%	-0.39%	0.15%	-0.29%	0.36%	-0.08%	0%	0.07%
Operating Expenses+	21.21M	19.74M	19.37M	8.97M	7.93M	6.11M	6.51M	6.52M	8.15M	8.25M
OpEx % of Revenue	0.15%	0.17%	0.17%	0.18%	0.13%	0.13%	0.12%	0.12%	0.15%	0.13%
Selling, General & Admin	21.21M	19.74M	19.37M	8.97M	7.93M	6.11M	6.25M	6.52M	8.15M	8.25M
SG&A % of Revenue	0.15%	0.17%	0.17%	0.18%	0.13%	0.13%	0.12%	0.12%	0.15%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	259K	0	0	0
Operating Income+	21.01M	9.99M	2.07M	7.22M	10.74M	7.08M	11.41M	9.95M	8.38M	9.4M
Operating Margin %	0.14%	0.09%	0.02%	0.14%	0.18%	0.15%	0.21%	0.18%	0.15%	0.15%
Operating Income Growth %	-0.1%	-0.52%	-0.79%	2.49%	0.49%	-0.34%	0.61%	-0.13%	-0.16%	0.12%
EBITDA+	24.38M	13.1M	3.9M	9M	12.29M	8.23M	12.54M	11.09M	9.78M	11.25M
EBITDA Margin %	0.17%	0.11%	0.04%	0.18%	0.2%	0.18%	0.23%	0.21%	0.17%	0.18%
EBITDA Growth %	-0.1%	-0.46%	-0.7%	1.31%	0.36%	-0.33%	0.52%	-0.12%	-0.12%	0.15%
D&A (Non-Cash Add-back)	3.37M	3.11M	1.83M	1.78M	1.54M	1.15M	1.14M	1.14M	1.4M	1.85M
EBIT	21.54M	11.69M	1.43M	7.22M	10.74M	7.08M	11.67M	9.95M	9.43M	9.51M
Net Interest Income+	-508K	205K	372K	2.38M	3.33M	1.78M	375K	1.08M	1.05M	1.21M
Interest Income	1.15M	1.64M	2.64M	2.38M	3.33M	1.78M	375K	1.08M	1.05M	1.21M
Interest Expense	1.66M	1.43M	2.27M	0	0	0	0	0	0	0
Other Income/Expense	-508K	272K	-1.12M	881K	3.33M	207K	375K	1.08M	1.05M	111K
Pretax Income+	20.5M	10.26M	1.13M	8.1M	14.07M	7.29M	11.78M	11.03M	9.43M	9.51M
Pretax Margin %	0.14%	0.09%	0.01%	0.16%	0.23%	0.16%	0.22%	0.2%	0.17%	0.15%
Income Tax+	2.47M	978K	-19.46M	1.79M	3.87M	2.09M	3.32M	301K	1.96M	3.63M
Effective Tax Rate %	0.88%	0.9%	18.23%	14.02%	0.68%	0.67%	0.72%	0.97%	0.79%	0.62%
Net Income+	18.03M	9.28M	20.59M	113.55M	9.55M	4.86M	8.46M	10.73M	7.47M	5.88M
Net Margin %	0.12%	0.08%	0.19%	2.22%	0.16%	0.11%	0.16%	0.2%	0.13%	0.09%
Net Income Growth %	-0.1%	-0.49%	1.22%	4.51%	-0.92%	-0.49%	0.74%	0.27%	-0.3%	-0.21%
Net Income (Continuing)	18.03M	-1.09M	18.47M	6.31M	10.21M	5.19M	8.46M	10.73M	7.47M	5.88M
Discontinued Operations	0	10.38M	2.12M	107.24M	0	-328K	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.89	0.46	1.02	5.57	0.46	0.24	0.41	0.52	0.37	0.29
EPS Growth %	-0.07%	-0.48%	1.22%	4.46%	-0.92%	-0.48%	0.71%	0.27%	-0.29%	-0.22%
EPS (Basic)	0.89	0.46	1.02	5.60	0.47	0.24	0.41	0.52	0.37	0.29
Diluted Shares Outstanding	20.35M	20.24M	20.27M	20.39M	20.59M	20.48M	20.55M	20.51M	20.39M	20.19M
Basic Shares Outstanding	20.35M	20.23M	20.24M	20.29M	20.51M	20.39M	20.42M	20.46M	20.3M	20.1M
Dividend Payout Ratio	0.45%	0.87%	3.34%	0.84%	3.01%	1.68%	0.97%	0.76%	1.35%	1.71%

Balance Sheet

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Mar 2025
Total Current Assets+	272.19M	269.13M	141.27M	167.93M	145.19M	132.34M	126.44M	125.04M	98.84M	90.29M
Cash & Short-Term Investments	237.43M	238.59M	108.23M	151.62M	122.36M	116.54M	110.36M	105.44M	77.21M	68.83M
Cash Only	237.43M	238.59M	18.25M	151.62M	122.36M	41.59M	12.81M	4.24M	6.57M	21.62M
Short-Term Investments	0	0	89.98M	0	0	74.95M	97.55M	101.2M	70.64M	47.21M
Accounts Receivable	22.58M	17.24M	6.96M	9.35M	10.93M	7.63M	8.34M	9.99M	12.38M	12.9M
Days Sales Outstanding	56.51	54.9	22.85	66.78	66.44	60.2	56.81	67.45	80.69	75.93
Inventory	10.21M	11.11M	11.16M	5.27M	6.38M	4.79M	4.66M	6.77M	6.4M	7.21M
Days Inventory Outstanding	36.16	47.93	48.05	55.03	56.32	52.89	47.67	65.73	59.22	59.32
Other Current Assets	1.96M	2.2M	20.65M	1.69M	0	0	0	2.84M	2.85M	1.34M
Total Non-Current Assets+	42.59M	39.45M	27.75M	20.92M	26.59M	31.17M	34.45M	34.29M	33.46M	31.81M
Property, Plant & Equipment	21.51M	18.64M	16.53M	10.79M	16.52M	21.23M	24.54M	24.4M	23.59M	21.96M
Fixed Asset Turnover	6.78x	6.15x	6.73x	4.74x	3.63x	2.18x	2.18x	2.22x	2.37x	2.82x
Goodwill	9.78M	9.78M	9.78M	9.78M	9.78M	9.78M	9.78M	9.78M	9.78M	9.78M
Intangible Assets	57K	49K	42K	35K	28K	21K	14K	7K	0	0
Long-Term Investments	-53.77M	-51.91M	-628K	0	-834K	0	0	0	0	0
Other Non-Current Assets	21.08M	20.81M	1.41M	316K	268K	-637K	-1.55M	108K	94K	80K
Total Assets+	314.78M	308.58M	169.02M	188.85M	171.79M	163.51M	160.89M	159.33M	132.31M	122.11M
Asset Turnover	0.46x	0.37x	0.66x	0.27x	0.35x	0.28x	0.33x	0.34x	0.42x	0.51x
Asset Growth %	-0.1%	-0.02%	-0.45%	0.12%	-0.09%	-0.05%	-0.02%	-0.01%	-0.17%	-0.08%
Total Current Liabilities+	16.68M	13.62M	12.23M	11.15M	8.71M	7.99M	6.29M	28.59M	9.66M	9.26M
Accounts Payable	6.16M	4.18M	1.82M	3.17M	4.74M	3.3M	2.53M	4.54M	3.51M	2.51M
Days Payables Outstanding	21.79	18.05	7.86	33.11	41.81	36.41	25.94	44.14	32.5	20.67
Short-Term Debt	3M	3.5M	0	0	152K	33K	53K	0	53K	0
Deferred Revenue (Current)	1000K	1000K	0	0	0	0	0	0	0	0
Other Current Liabilities	3.01M	3.04M	9.43M	6.39M	2.98M	107K	-45K	92K	628K	0
Current Ratio	16.32x	19.76x	11.55x	15.05x	16.68x	16.56x	20.10x	4.37x	10.23x	9.75x
Quick Ratio	15.71x	18.94x	10.64x	14.58x	15.94x	15.96x	19.36x	4.14x	9.57x	8.97x
Cash Conversion Cycle	70.88	84.77	63.04	88.7	80.96	76.69	78.54	89.04	107.42	114.58
Total Non-Current Liabilities+	117.23M	112.13M	21.54M	18.68M	21.4M	19.58M	18.96M	14.81M	9.74M	5.69M
Long-Term Debt	72M	68.5M	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	268K	86K	174K	129K	82K	318K
Deferred Tax Liabilities	43.94M	42.09M	628K	0	5.15M	5.19M	1.67M	2M	4.4M	5.3M
Other Non-Current Liabilities	1.29M	1.04M	21.54M	18.68M	0	0	17.12M	12.69M	5.26M	71K
Total Liabilities	133.91M	125.75M	33.76M	29.84M	30.11M	27.57M	25.25M	43.4M	19.39M	14.95M
Total Debt+	75M	72M	0	0	420K	119K	227K	182K	135K	358K
Net Debt	-162.43M	-166.59M	-18.25M	-151.62M	-121.94M	-41.48M	-12.58M	-4.05M	-6.43M	-21.26M
Debt / Equity	0.41x	0.39x	-	-	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Debt / EBITDA	3.08x	5.50x	-	-	0.03x	0.01x	0.02x	0.02x	0.01x	0.03x
Net Debt / EBITDA	-6.66x	-12.72x	-4.68x	-16.85x	-9.93x	-5.04x	-1.00x	-0.37x	-0.66x	-1.89x
Interest Coverage	12.68x	6.98x	0.91x	-	-	-	-	-	-	-
Total Equity+	180.87M	182.83M	135.26M	159.01M	141.68M	135.94M	135.63M	115.93M	112.91M	107.15M
Equity Growth %	-0%	0.01%	-0.26%	0.18%	-0.11%	-0.04%	-0%	-0.15%	-0.03%	-0.05%
Book Value per Share	8.89	9.03	6.67	7.80	6.88	6.64	6.60	5.65	5.54	5.31
Total Shareholders' Equity	180.87M	182.83M	135.26M	159.01M	141.68M	135.94M	135.63M	115.93M	112.91M	107.15M
Common Stock	2.1M	2.1M	2.1M	2.1M	2.1M	2.1M	2.1M	2.1M	2.1M	2.1M
Retained Earnings	25.92M	27.11M	-21.1M	-2.6M	-21.77M	-25.06M	-24.77M	-42.69M	-45.37M	-49.55M
Treasury Stock	-15.02M	-15.02M	-14.88M	-9.85M	-9.18M	-10.79M	-9.4M	-9.16M	-11.98M	-149.92M
Accumulated OCI	1.47M	1.03M	131K	-22K	668K	-336K	-1.97M	-4.24M	-2.27M	-665K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020	Feb 2021	Feb 2022	Feb 2023	Feb 2024	Mar 2025
Cash from Operations+	13.95M	13.17M	3.34M	7.54M	5.22M	13.01M	8.2M	6.49M	4.41M	4.72M
Operating CF Margin %	0.1%	0.11%	0.03%	0.15%	0.09%	0.28%	0.15%	0.12%	0.08%	0.08%
Operating CF Growth %	-0.52%	-0.06%	-0.75%	1.26%	-0.31%	1.49%	-0.37%	-0.21%	-0.32%	0.07%
Net Income	18.03M	9.28M	20.59M	6.31M	10.21M	4.86M	8.46M	10.73M	7.47M	5.88M
Depreciation & Amortization	3.37M	3.11M	3.02M	1.78M	1.54M	1.15M	1.14M	1.14M	1.4M	1.98M
Stock-Based Compensation	1.53M	1.21M	1.45M	1.25M	726K	191K	285K	369K	529K	402K
Deferred Taxes	-11.41M	-1.53M	-42.06M	-1.15M	849K	-56K	894K	322K	1.23M	2.08M
Other Non-Cash Items	855K	434K	3.87M	929K	-641K	1.87M	1.01M	55K	515K	928K
Working Capital Changes	1.57M	663K	16.47M	-1.58M	-7.46M	5M	-3.59M	-6.12M	-6.74M	-6.55M
Change in Receivables	-1.15M	5.31M	-2.37M	-2.39M	-1.57M	3.28M	-722K	-1.67M	-2.41M	-528K
Change in Inventory	4.22M	-916K	49K	-1.31M	-1.11M	1.58M	137K	-2.11M	364K	-809K
Change in Payables	-727K	-1.96M	-204K	1.34M	1.57M	-1.44M	-766K	2.01M	-1.03M	-4.97M
Cash from Investing+	-8.02M	2.48M	42.05M	153.85M	-42.51M	32.96M	-29.56M	-7.02M	31.39M	23.99M
Capital Expenditures	-398K	-242K	-886K	-2.76M	-6.85M	-7.49M	-4.37M	-1.05M	-645K	-889K
CapEx % of Revenue	0%	0%	0.01%	0.05%	0.11%	0.16%	0.08%	0.02%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.06M	2.48M	-1.34M	144.95M	-42.51M	10K	0	0	0	-57K
Cash from Financing+	-49.49M	-11.09M	-130.71M	-105.52M	-28.3M	-9.79M	-7.43M	-8.05M	-33.47M	-13.65M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-8.15M	-8.09M	-68.81M	-95.05M	-28.72M	-8.15M	-8.17M	-8.19M	-30.62M	-10.06M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-10.15M	0	10.1M	-10.47M	417K	12K	0	0	38K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	13.55M	12.93M	2.46M	4.78M	-1.63M	5.52M	3.83M	5.44M	3.76M	3.83M
FCF Margin %	0.09%	0.11%	0.02%	0.09%	-0.03%	0.12%	0.07%	0.1%	0.07%	0.06%
FCF Growth %	-0.53%	-0.05%	-0.81%	0.95%	-1.34%	4.39%	-0.31%	0.42%	-0.31%	0.02%
FCF per Share	0.67	0.64	0.12	0.23	-0.08	0.27	0.19	0.27	0.18	0.19
FCF Conversion (FCF/Net Income)	0.77x	1.42x	0.16x	0.07x	0.55x	2.68x	0.97x	0.60x	0.59x	0.80x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	9.95%	5.1%	12.95%	77.17%	6.35%	3.5%	6.23%	8.53%	6.53%	5.35%
Return on Invested Capital (ROIC)	143.82%	43.21%	2.33%	8.7%	59.39%	9.3%	7.87%	6.36%	5.76%	7.33%
Gross Margin	29.31%	26.21%	23.79%	31.66%	31.11%	28.51%	33.44%	30.47%	29.52%	28.44%
Net Margin	12.36%	8.1%	18.52%	222.13%	15.92%	10.51%	15.8%	19.85%	13.34%	9.48%
Debt / Equity	0.41x	0.39x	-	-	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage	12.68x	6.98x	0.91x	-	-	-	-	-	-	-
FCF Conversion	0.77x	1.42x	0.16x	0.07x	0.55x	2.68x	0.97x	0.60x	0.59x	0.80x
Revenue Growth	-10.01%	-21.42%	-2.98%	-54.03%	17.41%	-22.89%	15.78%	0.89%	3.61%	10.75%

Frequently Asked Questions

Valuation & Price

Park Aerospace Corp. (PKE) has a price-to-earnings (P/E) ratio of 80.2x. This suggests investors expect higher future growth.

Growth & Financials

Park Aerospace Corp. (PKE) reported $63.1M in revenue for fiscal year 2025. This represents a 67% decrease from $193.3M in 2012.

Park Aerospace Corp. (PKE) grew revenue by 10.8% over the past year. This is steady growth.

Yes, Park Aerospace Corp. (PKE) is profitable, generating $7.3M in net income for fiscal year 2025 (9.5% net margin).

Dividend & Returns

Yes, Park Aerospace Corp. (PKE) pays a dividend with a yield of 2.14%. This makes it attractive for income-focused investors.

Park Aerospace Corp. (PKE) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.

Park Aerospace Corp. (PKE) generated $1.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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