Butler National Corp
Butler National Corporation designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. It operates through two segments, Aerospace Products and Professional Services. The Aerospace Products segment designs, manufactures, sells, and serv… Read more
Butler National Corp (BUKS) - Net Assets
Latest net assets as of October 2025: $70.21 Million USD
Based on the latest financial reports, Butler National Corp (BUKS) has net assets worth $70.21 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($128.18 Million) and total liabilities ($57.97 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $70.21 Million |
| % of Total Assets | 54.78% |
| Annual Growth Rate | 11.37% |
| 5-Year Change | 57.36% |
| 10-Year Change | 149.5% |
| Growth Volatility | 10.11 |
Butler National Corp - Net Assets Trend (2000–2025)
This chart illustrates how Butler National Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Butler National Corp (2000–2025)
The table below shows the annual net assets of Butler National Corp from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | $65.11 Million | +19.60% |
| 2024-04-30 | $54.44 Million | +16.37% |
| 2023-04-30 | $46.78 Million | +14.56% |
| 2022-04-30 | $40.83 Million | -1.32% |
| 2021-04-30 | $41.38 Million | +9.46% |
| 2020-04-30 | $37.80 Million | +10.07% |
| 2019-04-30 | $34.34 Million | +17.35% |
| 2018-04-30 | $29.27 Million | +3.43% |
| 2017-04-30 | $28.30 Million | +8.42% |
| 2016-04-30 | $26.10 Million | +2.74% |
| 2015-04-30 | $25.40 Million | +4.30% |
| 2014-04-30 | $24.35 Million | +3.31% |
| 2013-04-30 | $23.57 Million | +4.29% |
| 2012-04-30 | $22.60 Million | +25.40% |
| 2011-04-30 | $18.03 Million | +10.53% |
| 2010-04-30 | $16.31 Million | +23.37% |
| 2009-04-30 | $13.22 Million | +8.44% |
| 2008-04-30 | $12.19 Million | +14.48% |
| 2007-04-30 | $10.65 Million | +8.33% |
| 2006-04-30 | $9.83 Million | +5.47% |
| 2005-04-30 | $9.32 Million | +39.99% |
| 2004-04-30 | $6.66 Million | +16.91% |
| 2003-04-30 | $5.69 Million | +2.54% |
| 2002-04-30 | $5.55 Million | +30.91% |
| 2001-04-30 | $4.24 Million | -3.74% |
| 2000-04-30 | $4.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Butler National Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5952700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $59.53 Million | 91.42% |
| Other Components | $5.59 Million | 8.58% |
| Total Equity | $65.11 Million | 100.00% |
Butler National Corp Competitors by Market Cap
The table below lists competitors of Butler National Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Graha Andrasentra Propertindo Tbk PT
JK:JGLE
|
$44.90 Million |
|
Answer Technology Co Ltd
TW:3528
|
$44.91 Million |
|
Up Young Cornerstone Corp.
TWO:6728
|
$44.91 Million |
|
Thanh Cong Textile Garment Investment Trading JSC
VN:TCM
|
$44.92 Million |
|
Studentbostader I Sverige AB
ST:STUDBO
|
$44.88 Million |
|
Homerun Resources Inc.
PINK:HMRFF
|
$44.87 Million |
|
Moreld ASA
F:C28
|
$44.87 Million |
|
Mitake Information
TWO:8284
|
$44.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Butler National Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 54,441,000 to 65,114,000, a change of 10,673,000 (19.6%).
- Net income of 12,551,000 contributed positively to equity growth.
- Share repurchases of 2,261,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.55 Million | +19.28% |
| Share Repurchases | $2.26 Million | -3.47% |
| Other Changes | $383.00K | +0.59% |
| Total Change | $- | 19.60% |
Book Value vs Market Value Analysis
This analysis compares Butler National Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.00x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-04-30 | $0.37 | $1.46 | x |
| 2018-04-30 | $0.37 | $1.46 | x |
| 2019-04-30 | $0.41 | $1.46 | x |
| 2020-04-30 | $0.44 | $1.46 | x |
| 2021-04-30 | $0.47 | $1.46 | x |
| 2022-04-30 | $0.53 | $1.46 | x |
| 2023-04-30 | $0.61 | $1.46 | x |
| 2024-04-30 | $0.79 | $1.46 | x |
| 2025-04-30 | $0.97 | $1.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Butler National Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.95%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.89x
- Recent ROE (19.28%) is above the historical average (10.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 20.26% | 12.46% | 0.95x | 1.72x | $569.70K |
| 2003 | 0.47% | 0.43% | 0.68x | 1.62x | $-542.40K |
| 2004 | 11.04% | 7.26% | 0.80x | 1.90x | $69.30K |
| 2005 | 26.25% | 10.46% | 1.35x | 1.85x | $1.51 Million |
| 2006 | 3.72% | 2.39% | 0.84x | 1.85x | $-616.90K |
| 2007 | 5.69% | 4.13% | 0.72x | 1.92x | $-458.80K |
| 2008 | 10.45% | 7.22% | 0.65x | 2.22x | $55.00K |
| 2009 | 6.27% | 4.58% | 0.70x | 1.95x | $-492.90K |
| 2010 | 17.72% | 8.87% | 1.10x | 1.81x | $1.26 Million |
| 2011 | 6.99% | 2.72% | 1.44x | 1.78x | $-542.60K |
| 2012 | 9.23% | 3.49% | 1.34x | 1.97x | $-158.80K |
| 2014 | 0.53% | 0.24% | 1.13x | 1.96x | $-2.02 Million |
| 2015 | 0.13% | 0.06% | 1.13x | 1.93x | $-2.13 Million |
| 2016 | 0.11% | 0.05% | 1.05x | 1.96x | $-2.16 Million |
| 2017 | 6.50% | 3.03% | 1.18x | 1.81x | $-824.70K |
| 2018 | 1.42% | 0.71% | 1.16x | 1.73x | $-2.06 Million |
| 2019 | 13.76% | 6.56% | 1.20x | 1.75x | $1.05 Million |
| 2020 | 12.90% | 6.43% | 0.69x | 2.89x | $952.90K |
| 2021 | 4.05% | 2.33% | 0.60x | 2.88x | $-2.10 Million |
| 2022 | 25.39% | 14.11% | 0.73x | 2.47x | $6.28 Million |
| 2023 | 9.65% | 6.01% | 0.66x | 2.43x | $-162.10K |
| 2024 | 22.98% | 15.96% | 0.69x | 2.09x | $7.07 Million |
| 2025 | 19.28% | 14.95% | 0.68x | 1.89x | $6.04 Million |
Industry Comparison
This section compares Butler National Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Butler National Corp (BUKS) | $70.21 Million | 20.26% | 0.83x | $44.89 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |