BUTLER NATIONAL CORP (BUKS)
Q3-CY2026Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014
Balance Sheet Date2026-Apr-302026-Jan-312025-Oct-312025-Jul-312025-Apr-302025-Jan-312024-Oct-312024-Jul-312024-Apr-302024-Jan-312023-Oct-312023-Jul-312023-Apr-302023-Jan-312022-Oct-312022-Jul-312022-Apr-302022-Jan-312021-Oct-312021-Jul-312021-Apr-302021-Jan-312020-Oct-312020-Jul-312020-Apr-302020-Jan-312019-Oct-312019-Jul-312019-Apr-302019-Jan-312018-Oct-312018-Jul-312018-Apr-302018-Jan-312017-Oct-312017-Jul-312017-Apr-302017-Jan-312016-Oct-312016-Jul-312016-Apr-302016-Jan-312015-Oct-312015-Jul-312015-Apr-302015-Jan-312014-Oct-31
Fiscal PeriodQ4-FY2026Q3-FY2026Q2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015
Total Revenue27,678,000$26,913,000$23,251,000$20,125,000$21,605,000$21,174,000$21,360,000$19,828,000$22,630,000$18,960,000$19,602,000$17,185,000$20,089,000$20,464,000$19,326,000$15,304,000$17,505,000$17,618,000$18,649,000$17,745,000$17,908,000$14,612,000$15,972,000$12,989,000$16,800,000$16,800,000$19,437,000$17,016,000$15,717,000$14,292,000$15,297,000$13,404,000$14,444,000$11,010,000$11,156,000$11,649,000$15,122,000$11,295,000$12,813,000$11,389,000$11,925,000$11,067,000$10,106,000$11,696,000$11,836,000$11,083,000$11,752,000$
QoQ%2.84%15.75%15.53%(6.85%)2.04%(.87%)7.73%(12.38%)19.36%(3.28%)14.07%(14.46%)(1.83%)5.89%26.28%(12.57%)(.64%)(5.53%)5.09%(.91%)22.56%(8.52%)22.97%(22.69%).00%(13.57%)14.23%8.27%9.97%(6.57%)14.12%(7.20%)31.19%(1.31%)(4.23%)(22.97%)33.88%(11.85%)12.50%(4.50%)7.75%9.51%(13.59%)(1.18%)6.79%(5.69%)(5.16%)
YoY%28.11%27.10%8.85%1.50%(4.53%)11.68%8.97%15.38%12.65%(7.35%)1.43%12.29%14.76%16.15%3.63%(13.76%)(2.25%)20.57%16.76%36.62%6.60%(13.02%)(17.83%)(23.67%)6.89%17.55%27.06%26.95%8.81%29.81%37.12%15.07%(4.48%)(2.52%)(12.93%)2.28%26.81%2.06%26.79%(2.63%).75%(.14%)(14.01%)(5.61%)(19.11%)2.20%8.83%
Cost Of Revenue0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$7,383,000$7,563,000$7,867,000$10,220,000$7,714,000$8,347,000$7,391,000$8,090,000$7,343,000$6,988,000$7,624,000$8,434,000$7,192,000$7,786,000$
Gross Profit27,678,000$26,913,000$23,251,000$20,125,000$21,605,000$21,174,000$21,360,000$19,828,000$22,630,000$18,960,000$19,602,000$17,185,000$20,089,000$20,464,000$19,326,000$15,304,000$17,505,000$17,618,000$18,649,000$17,745,000$17,908,000$14,612,000$15,972,000$12,989,000$16,800,000$16,800,000$19,437,000$17,016,000$15,717,000$14,292,000$15,297,000$13,404,000$14,444,000$3,627,000$3,593,000$3,782,000$4,902,000$3,581,000$4,466,000$3,998,000$3,835,000$3,724,000$3,118,000$4,072,000$3,402,000$3,891,000$3,966,000$
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%32.94%32.21%32.47%32.42%31.70%34.86%35.10%32.16%33.65%30.85%34.82%28.74%35.11%33.75%
Operating Expenses20,207,000$17,675,000$16,174,000$15,458,000$17,194,000$17,148,000$16,506,000$16,292,000$17,922,000$15,165,000$16,004,000$16,048,000$20,447,000$17,079,000$15,324,000$13,679,000$14,543,000$13,216,000$13,906,000$13,723,000$15,691,000$12,744,000$14,285,000$12,861,000$13,912,000$13,912,000$15,210,000$13,495,000$14,971,000$12,479,000$13,479,000$12,503,000$13,723,000$3,188,000$3,276,000$3,136,000$3,398,000$3,459,000$3,302,000$3,287,000$3,417,000$3,282,000$3,717,000$3,711,000$3,791,000$3,356,000$3,599,000$
Operating Income7,471,000$9,238,000$7,077,000$4,667,000$4,411,000$4,026,000$4,854,000$3,536,000$4,708,000$3,795,000$3,598,000$1,137,000$(358,000$)3,385,000$4,002,000$1,625,000$2,962,000$4,402,000$4,743,000$4,022,000$2,217,000$1,868,000$1,687,000$128,000$2,888,000$2,888,000$4,227,000$3,521,000$746,000$1,813,000$1,818,000$901,000$721,000$439,000$317,000$646,000$1,504,000$122,000$1,164,000$711,000$418,000$442,000$(599,000$)361,000$(389,000$)535,000$367,000$
Operating Margin26.99%34.33%30.44%23.19%20.42%19.01%22.73%17.83%20.80%20.02%18.36%6.62%(1.78%)16.54%20.71%10.62%16.92%24.99%25.43%22.67%12.38%12.78%10.56%.99%17.19%17.19%21.75%20.69%4.75%12.69%11.89%6.72%4.99%3.99%2.84%5.55%9.95%1.08%9.09%6.24%3.51%3.99%(5.93%)3.09%(3.29%)4.83%3.12%
Interest Income165,000$228,000$335,000$171,000$175,000$125,000$100,000$106,000$106,000$83,000$70,000$47,000$
Interest Expenses431,000$478,000$501,000$517,000$557,000$538,000$565,000$578,000$615,000$615,000$639,000$636,000$677,000$707,000$723,000$710,000$725,000$640,000$614,000$727,000$758,000$1,065,000$588,000$1,112,000$1,112,000$1,087,000$1,097,000$79,000$44,000$55,000$70,000$81,000$83,000$81,000$86,000$84,000$95,000$106,000$117,000$118,000$117,000$117,000$120,000$298,000$251,000$303,000$
Income Before Tax7,206,000$8,988,000$8,791,000$4,315,000$4,082,000$4,634,000$4,925,000$3,077,000$5,726,000$3,263,000$6,782,000$985,000$(447,000$)2,708,000$3,295,000$971,000$2,252,000$3,677,000$4,178,000$5,409,000$1,490,000$1,117,000$622,000$(460,000$)1,851,000$1,851,000$3,140,000$2,953,000$667,000$2,154,000$3,093,000$1,110,000$643,000$357,000$236,000$560,000$1,423,000$27,000$1,059,000$574,000$1,035,000$338,000$(707,000$)242,000$90,000$289,000$67,000$
Tax Expenses1,651,000$2,289,000$2,797,000$630,000$751,000$1,256,000$1,329,000$831,000$1,712,000$881,000$1,831,000$266,000$111,000$731,000$612,000$260,000$684,000$993,000$794,000$631,000$237,000$185,000$120,000$(6,000$)494,000$494,000$825,000$762,000$(1,023,000$)495,000$637,000$188,000$(383,000$)10,000$47,000$134,000$589,000$0$0$0$201,000$57,000$(269,000$)11,000$(136,000$)0$0$
Net Income5,555,000$6,699,000$5,994,000$3,685,000$3,331,000$3,378,000$3,596,000$2,246,000$4,460,000$2,382,000$4,951,000$719,000$(575,000$)1,977,000$2,683,000$431,000$1,628,000$2,684,000$3,150,000$4,778,000$1,478,000$932,000$502,000$(454,000$)1,357,000$1,357,000$2,315,000$2,191,000$612,000$1,659,000$2,456,000$922,000$294,000$347,000$189,000$426,000$1,081,000$19,000$767,000$448,000$741,000$281,000$(438,000$)231,000$(322,000$)68,000$29,000$
Profit Margin20.07%24.89%25.78%18.31%15.42%15.95%16.84%11.33%19.71%12.56%25.26%4.18%(2.86%)9.66%13.88%2.82%9.30%15.23%16.89%26.93%8.25%6.38%3.14%(3.50%)8.08%8.08%11.91%12.88%3.89%11.61%16.06%6.88%2.04%3.15%1.69%3.66%7.15%.17%5.99%3.93%6.21%2.54%(4.33%)1.98%(2.72%).61%.25%
TTM22.39%21.45%19.02%16.60%14.95%16.10%15.32%17.33%15.96%9.86%9.14%6.23%6.01%9.26%10.65%11.43%17.12%16.81%15.00%11.61%4.00%3.87%4.42%6.93%10.31%9.39%10.20%11.10%9.62%9.28%7.42%3.50%2.60%4.18%3.48%4.51%4.57%4.17%4.74%2.32%1.82%(.56%)(1.03%).01%.06%2.64%2.07%
Earnings to Minority0$0$0$1,872,000$854,000$429,000$181,000$(439,000$)22,000$22,000$85,000$130,000$329,000$319,000$735,000$413,000$295,000$327,000$105,000$188,000$303,000$5,000$248,000$224,000$360,000$179,000$40,000$212,000$411,000$221,000$38,000$
Earnings to Common Shareholders5,555,000$6,699,000$5,994,000$3,685,000$3,331,000$3,378,000$3,596,000$2,246,000$4,460,000$2,382,000$4,951,000$719,000$(575,000$)1,977,000$2,683,000$431,000$1,628,000$2,684,000$3,150,000$2,906,000$624,000$503,000$321,000$(15,000$)1,335,000$1,335,000$2,230,000$2,061,000$283,000$1,340,000$1,721,000$509,000$(1,000$)20,000$84,000$238,000$778,000$14,000$519,000$224,000$381,000$102,000$(478,000$)19,000$(322,000$)68,000$29,000$
QoQ%(17.08%)11.76%62.66%10.63%(1.39%)(6.06%)60.11%(49.64%)87.24%(51.89%)588.60%225.04%(129.08%)(26.31%)522.51%(73.53%)(39.34%)(14.79%)8.40%365.71%24.06%56.70%2,240.00%(101.12%).00%(40.14%)8.20%628.27%(78.88%)(22.14%)238.11%51,000.00%(105.00%)(76.19%)(64.71%)(69.41%)5,457.14%(97.30%)131.70%(41.21%)273.53%121.34%(2,615.79%)105.90%(573.53%)134.48%(88.49%)
YoY%66.77%98.31%66.69%64.07%(25.31%)41.81%(27.37%)212.38%875.65%20.49%84.53%66.82%(135.32%)(26.34%)(14.83%)(85.17%)160.90%433.60%881.31%19,473.33%(53.26%)(62.32%)(85.61%)(100.73%)371.73%(.37%)29.58%304.91%28,400.00%6,600.00%1,948.81%113.87%(100.13%)42.86%(83.82%)6.25%104.20%(86.28%)208.58%1,078.95%218.32%50.00%(1,748.28%)(92.46%)(125.74%)129.96%106.36%
Earnings Per Share, Basic0.09$0.10$0.09$0.06$0.05$0.05$0.05$0.03$0.07$0.03$0.07$0.01$(0.01$)0.03$0.03$0.01$0.02$0.04$0.04$0.04$0.01$0.01$0.00$0.00$0.02$0.02$0.03$0.03$0.00$0.02$0.03$0.01$0.00$0.00$0.00$0.00$0.01$0.00$0.01$0.00$0.01$0.00$(0.01$)0.00$0.00$0.00$0.00$
Earnings Per Share, Diluted0.09$0.10$0.09$0.06$0.05$0.05$0.05$0.03$0.07$0.03$0.07$0.01$(0.01$)0.03$0.03$0.01$0.02$0.04$0.04$0.04$0.01$0.01$0.00$0.00$0.02$0.02$0.03$0.03$0.00$0.02$0.03$0.01$0.00$0.00$0.00$0.00$0.01$0.00$0.01$0.00$0.01$0.00$(0.01$)0.00$0.00$0.00$0.00$
Unlevered FCF Per Share, Basic(0.01$)0.14$(0.04$)0.20$(0.05$)0.19$(0.01$)0.03$(0.02$)0.01$0.01$(0.02$)0.07$0.05$0.01$0.05$(0.02$)0.04$0.01$(0.01$)0.07$0.01$0.00$0.01$(0.02$)0.00$0.11$0.01$(0.02$)0.02$0.05$0.02$0.00$0.01$0.00$0.02$0.00$0.03$0.00$0.00$0.00$0.00$0.00$(0.02$)0.00$0.01$
Unlevered FCF Per Share, Diluted(0.01$)0.14$(0.04$)0.20$(0.05$)0.19$(0.01$)0.03$(0.02$)0.01$0.01$(0.02$)0.07$0.05$0.01$0.05$(0.02$)0.04$0.01$(0.01$)0.07$0.01$0.00$0.01$(0.02$)0.00$0.11$0.01$(0.02$)0.02$0.05$0.02$0.00$0.01$0.00$0.02$0.00$0.03$0.00$0.00$0.00$0.00$0.00$(0.02$)0.00$0.01$
Average Shares, Basic64,138,79264,231,74764,568,58566,922,92467,551,36766,960,62768,027,07168,738,24767,408,13369,634,33569,502,00875,198,53275,924,91276,663,86776,781,46176,456,28475,286,62475,343,06875,364,08375,366,74974,029,36374,033,34774,130,93474,386,18467,954,20067,954,20068,104,43368,270,56565,506,77663,976,25563,820,35964,743,042-64,415,048,90964,506,98664,542,69964,543,550,00063,472,83363,416,95363,466,87363,466,87362,273,32262,260,09862,260,09862,260,09865,761,11660,893,09260,893,092
Average Shares, Diluted64,138,79264,231,74764,568,58566,922,92467,616,36366,960,62768,027,07168,738,24767,408,13369,634,33569,502,00875,198,53275,924,91276,663,86776,781,46176,456,28475,286,62475,343,06875,364,08375,366,74974,029,36374,033,34774,130,93474,386,18467,954,20067,954,20068,104,43368,270,56565,506,77663,976,25563,820,35964,743,042-64,415,048,90964,506,98664,542,69964,543,550,00063,472,83363,416,95363,466,87363,466,87362,273,32262,260,09862,260,09862,260,09865,761,11660,893,09260,893,092
EBIT7,637,000$9,466,000$9,292,000$4,315,000$4,599,000$5,191,000$5,463,000$3,642,000$6,304,000$3,878,000$7,397,000$1,624,000$189,000$3,385,000$4,002,000$1,694,000$2,962,000$4,402,000$4,818,000$6,023,000$2,217,000$1,875,000$1,687,000$128,000$2,963,000$2,963,000$4,227,000$4,050,000$746,000$2,198,000$3,148,000$1,180,000$724,000$440,000$317,000$646,000$1,507,000$122,000$1,165,000$691,000$1,153,000$455,000$(590,000$)362,000$388,000$540,000$370,000$
EBITDA9,420,000$11,153,000$10,983,000$6,018,000$6,323,000$6,957,000$7,121,000$5,238,000$7,814,000$5,387,000$9,023,000$3,047,000$1,764,000$4,769,000$4,758,000$3,152,000$6,137,000$5,101,000$5,523,000$6,725,000$2,901,000$2,895,000$3,025,000$1,434,000$4,279,000$4,279,000$5,503,000$5,289,000$1,394,000$2,613,000$3,543,000$1,568,000$1,140,000$802,000$817,000$1,128,000$1,982,000$618,000$1,672,000$1,198,000$1,606,000$1,000,000$(23,000$)972,000$1,029,000$1,233,000$1,061,000$