National Presto (NPK) AI Stock Analysis

• Market Cap: $943.70M
• Dividend Yield: 0.92%
• Average Volume (3M): 65.32K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.80
• Revenue Growth: 34.75%
• EPS Growth: 14.31%
• Country: US
• Employees: 1,126
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.74
• Shares Outstanding: 7,151,940
• 10 Day Avg. Volume: 82,849
• 30 Day Avg. Volume: 65,320
• PEG Ratio: 0.86
• Price to Book (P/B): 1.91
• Price to Sales (P/S): 1.81
• P/FCF Ratio: -11.51
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 2.14
• Enterprise Value/Gross Profit: 11.85
• Enterprise Value/Ebitda: 19.27
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $145.00 ▲(21.65% Upside)

The score is driven primarily by solid profitability and a strong, low-leverage balance sheet, tempered by weak recent cash generation (negative operating and free cash flow). Technical trend signals are positive, and recent large defense contract wins meaningfully improve revenue visibility, while valuation is only moderate given a low dividend yield.

Positive Factors

Conservative balance sheet

Very low trailing leverage provides durable financial flexibility, allowing the company to fund working capital, absorb cash-flow volatility, and pursue defense contract fulfilment or opportunistic investments without immediate reliance on external capital markets.

Large defense contract backlog

Multi-year government orders materially bolster Defense segment backlog and revenue visibility, supporting capacity planning and utilization. These structural awards improve predictable future cash flows and strategic positioning within military ordnance supply chains.

Steady revenue and profitability

Consistent top-line growth and mid-single-digit net margins indicate ongoing demand and underlying earnings power across consumer and defense lines, providing a foundation for reinvestment and resilience through industry cycles over the medium term.

Negative Factors

Weak cash generation

Earnings are not converting into cash, creating a structural concern: sustained negative operating/free cash flow can force reliance on balance-sheet liquidity, constrain capex or dividend policy, and hamper the company's ability to self-fund contract ramps or investments.

Rising debt levels

Although leverage is still low, a meaningful rise in debt versus recent years reduces the company's financial cushion. If cash conversion remains weak, higher debt could limit borrowing capacity, increase interest exposure, and restrict strategic optionality over the medium term.

Margin erosion vs prior peaks

Declining margins relative to recent historical highs point to structural cost pressures or adverse product mix. Persistent margin compression would reduce free cash flow potential and the ability to fund R&D, commercial expansion, or shareholder returns over the next several quarters.

National Presto Business Overview & Revenue Model

Company Description

National 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.

How the Company Makes Money

National Presto generates revenue primarily through the sale of its consumer products, which include electric fryers, pressure cookers, and other kitchen appliances. The company benefits from a broad distribution network that includes big-box retailers, online platforms, and specialty stores. A significant portion of its revenue also comes from the sale of ammunition and reloading components, which serve both civilian shooters and law enforcement agencies. Additionally, National Presto engages in contract manufacturing, which allows it to produce goods for other brands, creating supplementary income. Strategic partnerships with retailers and e-commerce platforms enhance its market reach and contribute to consistent revenue streams.

National Presto Financial Statement Overview

Summary

Profitability and revenue trends are solid (TTM revenue +5.2%, TTM net margin ~8.2%), and the balance sheet is strong with low leverage (TTM debt-to-equity ~0.12). However, operating cash flow and free cash flow are negative in TTM (and were also negative in 2024), which materially weakens overall financial quality despite otherwise healthy earnings.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up (+5.2%), showing continued demand momentum. Profitability remains solid with positive operating and net margins (TTM net margin ~8.2%), but margins are down versus prior annual peaks (e.g., 2020–2024), signaling some mix/price-cost or operating leverage pressure. Overall earnings power is healthy, though not at prior-cycle highs.

Balance Sheet

The balance sheet is conservatively positioned with low leverage (debt-to-equity ~0.12 in TTM (Trailing-Twelve-Months), still modest despite rising from very low historical levels). Equity is substantial relative to assets, and returns on equity are steady around ~10% in TTM (Trailing-Twelve-Months). Key watch item: debt increased meaningfully versus the last two annual periods, reducing some financial flexibility, though leverage remains clearly manageable.

Cash Flow

Cash generation is the weak spot: operating cash flow and free cash flow are negative in TTM (Trailing-Twelve-Months) and were also negative in 2024, indicating earnings are not currently translating into cash. While 2023 showed strong positive operating and free cash flow, the last ~12–24 months point to working-capital or investment-driven cash absorption that increases reliance on the balance sheet if it persists.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	474.24M	388.23M	340.91M	321.62M	355.78M	352.63M
Gross Profit	85.46M	78.57M	67.45M	55.13M	64.40M	84.92M
EBITDA	52.55M	50.26M	41.04M	30.28M	33.01M	59.20M
Net Income	38.81M	41.46M	34.56M	20.70M	25.65M	46.96M
Balance Sheet
Total Assets	503.83M	453.40M	440.54M	414.54M	422.38M	434.80M
Cash, Cash Equivalents and Short-Term Investments	4.59M	22.67M	114.11M	95.57M	144.00M	155.02M
Total Debt	46.46M	9.96M	10.66M	10.73M	10.16M	3.36M
Total Liabilities	124.06M	85.77M	84.28M	66.48M	64.75M	60.45M
Stockholders Equity	379.77M	367.63M	356.26M	348.05M	357.62M	374.35M
Cash Flow
Free Cash Flow	-59.90M	-60.96M	43.55M	7.74M	31.82M	38.35M
Operating Cash Flow	-30.69M	-53.43M	45.39M	8.77M	34.69M	40.97M
Investing Cash Flow	-13.41M	14.96M	-447.00K	-16.44M	32.55M	7.16M
Financing Cash Flow	29.86M	-31.53M	-28.00M	-31.43M	-43.47M	-41.67M

National Presto Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 119.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NPK, the sentiment is Positive. The current price of 119.19 is below the 20-day moving average (MA) of 121.22, above the 50-day MA of 109.48, and above the 200-day MA of 102.73, indicating a bullish trend. The MACD of 5.74 indicates Negative momentum. The RSI at 80.95 is Negative, neither overbought nor oversold. The STOCH value of 95.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NPK.

National Presto Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NPK	70 Outperform	$943.70M	24.22	10.69%	0.92%	34.75%	14.31%
BYRN	66 Neutral	$312.25M	19.96	29.71%	―	50.99%	612.36%
SWBI	64 Neutral	$494.77M	50.09	2.71%	5.10%	-9.08%	-71.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RGR	60 Neutral	$586.27M	284.16	0.87%	1.92%	3.90%	-92.10%
SKYH	47 Neutral	$705.61M	-17.49	-5.40%	―	95.23%	89.44%
POWW	45 Neutral	$200.26M	-3.19	―	―	-11.01%	-279.70%

National Presto Corporate Events

National Presto Subsidiary Wins Major U.S. Army Order

On January 6, 2026, National Presto Industries announced that its wholly owned Defense segment subsidiary, AMTEC Corporation, received a second delivery order from the U.S. Army under a five-year Indefinite Delivery, Indefinite Quantity contract for production of the 40mm M918E2 High Velocity Target Practice – Day/Night/Thermal cartridge. The $139.3 million order, issued on December 30, 2025, with deliveries scheduled to begin in early 2027, reinforces National Presto’s position as a key supplier of training ammunition to the U.S. military and is expected to meaningfully bolster the company’s Defense segment backlog and future revenue visibility.

The most recent analyst rating on (NPK) stock is a Hold with a $115.00 price target. To see the full list of analyst forecasts on National Presto stock, see the NPK Stock Forecast page.

National Presto Wins Major Boeing Warhead Subcontract

On December 29, 2025, National Presto Industries announced that its Defense segment subsidiary, Spectra Technologies, LLC, received a $92.3 million subcontract from The Boeing Company, awarded on December 22, 2025, to produce warheads for the Small Diameter Bomb program, with deliveries scheduled to begin in late 2026 after completion of Spectra’s existing warhead orders for Boeing. The sizable subcontract underscores National Presto’s growing role as a supplier within the U.S. defense ordnance supply chain and is poised to bolster the company’s Defense segment backlog and revenue visibility, reinforcing its strategic positioning in specialized munitions manufacturing for major prime contractors.

The most recent analyst rating on (NPK) stock is a Hold with a $106.00 price target. To see the full list of analyst forecasts on National Presto stock, see the NPK Stock Forecast page.