National Presto Industries Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The balance sheet is fundamentally healthy and the core Defense business is growing structurally — that speaks to quality. But a material operating question remains open: how much of the current earnings level holds up once the one-time items are stripped out, and how long will the Housewares segment stay a drag? Add to that heavy reliance on a single customer. These are open operating questions, not a proven solvency risk. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
National Presto posted spectacular earnings growth in the second quarter of 2026, but more than half of the first-half increase in pretax earnings came from three one-time items, and an even larger one-time item is already flagged for the third quarter. The Defense business is growing structurally and the balance sheet is debt-free — but nearly nine of every ten dollars in revenue depend on a single customer, the U.S. government, and the Housewares segment remains weak. Not investment advice.
Revenue trend
Consolidated revenue rose 21.7 percent to $146.596 million in the second quarter of 2026, driven by a Defense segment that grew 27.2 percent. A $1.810 billion backlog (July 5, 2026) and $159.1 million in fresh orders (August 14, 2026) support further growth structurally.
Earnings quality
Of the $12.407 million increase in first-half 2026 pretax earnings, $6.653 million (54 percent) came from three non-recurring items (tariff refund, property-sale gain, absence of a prior-year impairment). The next report will carry a further distortion from $7.553 million in tariff refunds already collected but not yet booked.
Balance sheet and liquidity
The $50 million credit line stood at zero as of July 5, 2026 (versus $23.624 million outstanding at year-end 2025), and the current ratio was 5.2 to 1.0. Operating cash flow for the first half of 2026 was $44.144 million, versus $1.542 million a year earlier.
Defense customer concentration
86.6 percent of Q2 2026 revenue came from the Defense segment, whose fixed-price contracts with the U.S. government include a termination-for-convenience clause — the government can cancel at any time.
Housewares/Small Appliance & Safety
The Housewares segment has struggled for years with declining unit volumes, tariff pressure, and a 2026 warehouse relocation (Canton to Nettleton, Mississippi) still not complete. The Safety segment has posted a loss every year since launching in 2019.
Governance and transparency
Chair, President, and CEO have been the same person for decades (Maryjo Cohen, age 73, with the company since 1976), with no disclosed succession plan. National Presto also holds no earnings conference calls. At the same time, the company has paid an uninterrupted dividend for 82 years and shows no balance-sheet or governance violations.
Worth Noting
The trigger for this analysis is the quarterly report (10-Q) for the period ended July 5, 2026, filed August 14, 2026.
Price and market-cap data as of August 14, 2026 — kept evergreen, not a same-day price call.
Not to be confused with NPK International Inc. (NYSE: NPKI, formerly Newpark Resources Inc.) — a separate company covered elsewhere on this site.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at NPK since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 91.60 $ to 156.80 $ · Last price: 152.10 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Aerospace & Defense
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| National Presto Industries Inc NPK | 1.1 | 33.7 | 19.5 | 16.5 | – | 29.7 | 33.9 |
| Space Exploration Technologies Corp. SPCX | 1,172.1 | – | 511.6 | 51.9 | – | – | – |
| GE Aerospace GE | 326.7 | 40.1 | 27.6 | 31.1 | 20.2 | 18.5 | 8.8 |
| RTX Corporation RTX | 254.2 | 36.5 | 18.5 | 20.3 | 13.2 | 9.7 | 24.1 |
| The Boeing Company BA | 155.3 | 78.7 | 25.5 | 4.7 | 1.7 | 34.5 | -8.2 |
| Lockheed Martin Corporation LMT | 124.1 | 26.0 | 13.6 | 11.8 | 11.0 | 5.7 | 16.7 |
| General Dynamics Corporation GD | 96.7 | 22.8 | 15.1 | 15.4 | 10.5 | 10.1 | 11.4 |
| Howmet Aerospace Inc HWM | 90.3 | 52.0 | 34.8 | 36.0 | 28.2 | 11.1 | 22.0 |
| Northrop Grumman Corporation NOC | 73.6 | 16.6 | 11.8 | 20.1 | 11.7 | 2.2 | -7.7 |
| Median of companies shown | 124.1 | 35.1 | 19.5 | 20.1 | 11.7 | 10.6 | 14.0 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 342 | 63 | 45 | 6.39 | 66 | 350 | 418 |
| 2017 | 334 | 62 | 53 | 7.58 | 24 | 366 | 412 |
| 2018 | 323 | 48 | 40 | 5.70 | 76 | 366 | 414 |
| 2019 | 309 | 46 | 42 | 6.02 | 10 | 368 | 412 |
| 2020 | 353 | 56 | 47 | 6.67 | 41 | 374 | 435 |
| 2021 | 356 | 30 | 26 | 3.63 | 35 | 358 | 422 |
| 2022 | 322 | 22 | 21 | 2.92 | 9 | 348 | 415 |
| 2023 | 341 | 35 | 35 | 4.86 | 45 | 356 | 441 |
| 2024 | 388 | 45 | 41 | 5.82 | -53 | 368 | 453 |
| 2025 | 504 | 43 | 33 | 4.63 | -9 | 395 | 505 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 2.92 | 57.10 | 135 | 36.90 | 15.40 | -8 | -11 |
| 2025: Q1 | 1.07 | 15.50 | 104 | 35.20 | 7.30 | 13 | -11 |
| 2025: Q2 | 0.72 | -15.40 | 120 | 41.60 | 4.30 | -11 | -13 |
| 2025: Q3 | 0.74 | -34.40 | 116 | 25.70 | 4.60 | -25 | -25 |
| 2025: Q4 | 2.11 | -27.80 | 164 | 21.70 | 9.20 | 14 | 12 |
| 2026: Q1 | 0.93 | -13.20 | 119 | 14.50 | 5.60 | 31 | 29 |
| 2026: Q2 | 2.21 | 206.90 | 147 | 21.80 | 10.80 | 13 | 9 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 17.7% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $26.4M |
|---|---|
| Market cap | $1.10B |
| Free cash flow in year ten | $135.0M |
| Terminal value as a share of market value | 64.5% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Weder Geschäftsbericht 10-K für 2025 noch Quartalsbericht 10-Q zum 05.07.2026 erwähnen künstliche Intelligenz, maschinelles Lernen oder verwandte Technologien — National Presto ist ein klassischer Fertiger (Haushaltsgeräte, Munition, Rauchmelder) ohne KI-Bezug im Geschäftsmodell.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-03-13 · 10-Q 2026-08-14
Rated on August 15, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 16.1%
- More than 10% revenue growth is expected for the coming year 50.6%
- Share count grows by less than 3% a year 0.3%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 22.5%
- Gross margin at 40% or higher and without meaningful erosion 16.0%
- Goodwill from acquisitions does not grow faster than revenue 3.9%
- Net debt below twice EBITDA 0.6 x EBITDA
- Operating cash flow covers the profits of the last three years -126 m
- Return on capital at 15% or higher, or up versus two years ago 10.5%
- Insiders hold at least 10% or are net buyers 26.0%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
2/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 4.4%
- Exp. sales growth 3Y > 5% –
- EBIT growth 10Y > 5% -4.1%
- Exp. EBIT growth 3Y > 5% –
- Net debt < 4x EBIT 0.7x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 64.6%
- Return on equity > 15% 8.9%
- ROCE > 15% 10.5%
- Expected return > 10% –
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
National Presto Industries, Inc. bietet Haushaltswaren und Kleingeräte, Verteidigungs- und Sicherheitsprodukte in Nordamerika an.
- Employees
- 1,200
- Headquarters
- Eau Claire, WI
- Address
- 3925 North Hastings Way, 54703-3703 Eau Claire, United States
- Phone
- 715 839 2121
- Website
- gopresto.com
- IPO Date
- 12/30/1987
- ISIN
- US6372151042
- Stock Split
- 3:2 on 07/01/1983
- Stock Split
- 3:2 on 07/01/1982
- Stock Split
- 2:1 on 07/19/1977
Management
| Name | Title | Birth Year |
|---|---|---|
| Maryjo J. Cohen | Chairman, President & CEO | 1953 |
| David J. Peuse | Chief Financial Officer & Treasurer | 1970 |
| Douglas J. Frederick Ph.D. | COO, VP, Secretary, General Counsel & Director | 1971 |
| John Roderick MacKenzie Jr. | Vice President of Sales | 1971 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.