National Presto Industries (NPK)
Market Price (11/4/2026): $151.71 | Market Cap: $1.1 BilSector: Industrials | Industry: Aerospace & Defense
National Presto Industries (NPK)
Market Price (11/4/2026): $151.71Market Cap: $1.1 BilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Global Security & Defense, and Aging Population & Chronic Disease. Themes include Defense Ordnance & Manufacturing, and Geriatric Care. | Trading close to highsDist 52W High is -3.3%, Dist 3Y High is -3.3% | Key risksNPK key risks include [1] profitability challenges and market dependence in its housewares segment, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Global Security & Defense, and Aging Population & Chronic Disease. Themes include Defense Ordnance & Manufacturing, and Geriatric Care. |
| Trading close to highsDist 52W High is -3.3%, Dist 3Y High is -3.3% |
| Key risksNPK key risks include [1] profitability challenges and market dependence in its housewares segment, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/1/2026
National Presto Industries (NPK) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. National Presto Industries reported significantly increased sales and earnings for its fiscal Q2 2026, which ended in June 2026. The company's net sales rose 22% year-over-year, with gross profit up 54% and net earnings increasing by 208% compared to fiscal Q2 2025. This strong performance was primarily driven by its Defense segment and a tariff refund that boosted the Housewares/Small Appliances segment's gross profit.
2. The company's Defense segment demonstrated robust growth and a substantial backlog, providing strong future revenue visibility. Defense segment sales increased by 27% in fiscal Q2 2026 and were up $29 million, or 31.3%, in fiscal Q3 2026 from the comparable 2025 quarter. Furthermore, National Presto Industries announced approximately $159.1 million in new awards for its Defense segment in August 2026, contributing to a contract backlog that surged to about $1.84 billion by mid-2026, with conversion anticipated over the next 18 to 48 months.
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National Presto Industries (NPK) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. National Presto Industries reported significantly increased sales and earnings for its fiscal Q2 2026, which ended in June 2026. The company's net sales rose 22% year-over-year, with gross profit up 54% and net earnings increasing by 208% compared to fiscal Q2 2025. This strong performance was primarily driven by its Defense segment and a tariff refund that boosted the Housewares/Small Appliances segment's gross profit.
2. The company's Defense segment demonstrated robust growth and a substantial backlog, providing strong future revenue visibility. Defense segment sales increased by 27% in fiscal Q2 2026 and were up $29 million, or 31.3%, in fiscal Q3 2026 from the comparable 2025 quarter. Furthermore, National Presto Industries announced approximately $159.1 million in new awards for its Defense segment in August 2026, contributing to a contract backlog that surged to about $1.84 billion by mid-2026, with conversion anticipated over the next 18 to 48 months.
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Updated on 11/1/2026
National Presto Industries (NPK) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. National Presto Industries reported significantly increased sales and earnings for its fiscal Q2 2026, which ended in June 2026. The company's net sales rose 22% year-over-year, with gross profit up 54% and net earnings increasing by 208% compared to fiscal Q2 2025. This strong performance was primarily driven by its Defense segment and a tariff refund that boosted the Housewares/Small Appliances segment's gross profit.
2. The company's Defense segment demonstrated robust growth and a substantial backlog, providing strong future revenue visibility. Defense segment sales increased by 27% in fiscal Q2 2026 and were up $29 million, or 31.3%, in fiscal Q3 2026 from the comparable 2025 quarter. Furthermore, National Presto Industries announced approximately $159.1 million in new awards for its Defense segment in August 2026, contributing to a contract backlog that surged to about $1.84 billion by mid-2026, with conversion anticipated over the next 18 to 48 months.
3. Positive analyst sentiment and price target upgrades contributed to investor confidence. Wall Street Zen upgraded National Presto Industries from a "buy" rating to a "strong-buy" rating on October 31, 2026. Similarly, Weiss Ratings upgraded the company from a "buy (b-)" to a "buy (b)" rating on October 8, 2026. Analysts have maintained a consensus "Moderate Buy" rating with an average target price of $162.00, indicating a favorable outlook.
4. Fiscal Q3 2026 results continued to show strength, particularly from the Defense segment and the impact of tariff refunds. For fiscal Q3 2026, the company announced an 11% increase in revenues to $76.3 million and a 30% rise in Adjusted EBITDA from continuing operations. The Housewares/Small Appliances segment's operating earnings of $8.1 million in fiscal Q3 2026 were largely attributed to a refund of tariffs that the Supreme Court declared unauthorized.
5. National Presto Industries engaged in significant share repurchases, signaling management's confidence in the company's valuation. In fiscal Q3 2026, the company repurchased $13.4 million of its common equity. Such a move can reduce the number of outstanding shares, potentially boosting earnings per share and reflecting a positive outlook from the company's leadership.
Show less
National Presto Industries (NPK) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. National Presto Industries reported significantly increased sales and earnings for its fiscal Q2 2026, which ended in June 2026. The company's net sales rose 22% year-over-year, with gross profit up 54% and net earnings increasing by 208% compared to fiscal Q2 2025. This strong performance was primarily driven by its Defense segment and a tariff refund that boosted the Housewares/Small Appliances segment's gross profit.
2. The company's Defense segment demonstrated robust growth and a substantial backlog, providing strong future revenue visibility. Defense segment sales increased by 27% in fiscal Q2 2026 and were up $29 million, or 31.3%, in fiscal Q3 2026 from the comparable 2025 quarter. Furthermore, National Presto Industries announced approximately $159.1 million in new awards for its Defense segment in August 2026, contributing to a contract backlog that surged to about $1.84 billion by mid-2026, with conversion anticipated over the next 18 to 48 months.
3. Positive analyst sentiment and price target upgrades contributed to investor confidence. Wall Street Zen upgraded National Presto Industries from a "buy" rating to a "strong-buy" rating on October 31, 2026. Similarly, Weiss Ratings upgraded the company from a "buy (b-)" to a "buy (b)" rating on October 8, 2026. Analysts have maintained a consensus "Moderate Buy" rating with an average target price of $162.00, indicating a favorable outlook.
4. Fiscal Q3 2026 results continued to show strength, particularly from the Defense segment and the impact of tariff refunds. For fiscal Q3 2026, the company announced an 11% increase in revenues to $76.3 million and a 30% rise in Adjusted EBITDA from continuing operations. The Housewares/Small Appliances segment's operating earnings of $8.1 million in fiscal Q3 2026 were largely attributed to a refund of tariffs that the Supreme Court declared unauthorized.
5. National Presto Industries engaged in significant share repurchases, signaling management's confidence in the company's valuation. In fiscal Q3 2026, the company repurchased $13.4 million of its common equity. Such a move can reduce the number of outstanding shares, potentially boosting earnings per share and reflecting a positive outlook from the company's leadership.
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Stock Movement Drivers
Fundamental Drivers
The 24.9% change in NPK stock from 7/31/2026 to 11/3/2026 was primarily driven by a 27.0% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.42 | 151.69 | 24.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 519 | 545 | 5.0% |
| Net Income Margin (%) | 6.2% | 7.9% | 27.0% |
| P/E Multiple | 27.1 | 25.4 | -6.2% |
| Shares Outstanding (Mil) | 7 | 7 | -0.1% |
| Cumulative Contribution | 24.9% |
Market Drivers
7/31/2026 to 11/3/2026| Return | Correlation | |
|---|---|---|
| NPK | 24.9% | |
| Market (SPY) | 1.0% | 28.4% |
| Sector (XLI) | -4.7% | 29.2% |
Fundamental Drivers
The 8.5% change in NPK stock from 4/30/2026 to 11/3/2026 was primarily driven by a 19.6% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 139.84 | 151.69 | 8.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 504 | 545 | 8.2% |
| Net Income Margin (%) | 6.6% | 7.9% | 19.6% |
| P/E Multiple | 30.2 | 25.4 | -16.0% |
| Shares Outstanding (Mil) | 7 | 7 | -0.2% |
| Cumulative Contribution | 8.5% |
Market Drivers
4/30/2026 to 11/3/2026| Return | Correlation | |
|---|---|---|
| NPK | 8.5% | |
| Market (SPY) | 5.2% | 22.1% |
| Sector (XLI) | -1.6% | 22.1% |
Fundamental Drivers
The 42.8% change in NPK stock from 10/31/2025 to 11/3/2026 was primarily driven by a 39.1% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 106.19 | 151.69 | 42.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 451 | 545 | 20.9% |
| Net Income Margin (%) | 9.2% | 7.9% | -14.8% |
| P/E Multiple | 18.3 | 25.4 | 39.1% |
| Shares Outstanding (Mil) | 7 | 7 | -0.3% |
| Cumulative Contribution | 42.8% |
Market Drivers
10/31/2025 to 11/3/2026| Return | Correlation | |
|---|---|---|
| NPK | 42.8% | |
| Market (SPY) | 11.5% | 26.6% |
| Sector (XLI) | 11.4% | 31.7% |
Fundamental Drivers
The 118.8% change in NPK stock from 10/31/2023 to 11/3/2026 was primarily driven by a 58.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312023 | 11032026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.34 | 151.69 | 118.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 343 | 545 | 58.8% |
| Net Income Margin (%) | 7.4% | 7.9% | 5.8% |
| P/E Multiple | 19.3 | 25.4 | 31.3% |
| Shares Outstanding (Mil) | 7 | 7 | -0.9% |
| Cumulative Contribution | 118.8% |
Market Drivers
10/31/2023 to 11/3/2026| Return | Correlation | |
|---|---|---|
| NPK | 118.8% | |
| Market (SPY) | 86.6% | 31.8% |
| Sector (XLI) | 81.1% | 38.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NPK Return | -2% | -12% | 24% | 30% | 10% | 43% | 118% |
| Peers Return | 40% | 2% | 3% | -3% | -8% | 32% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| NPK Win Rate | 50% | 33% | 50% | 58% | 50% | 55% | |
| Peers Win Rate | 55% | 57% | 52% | 50% | 52% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| NPK Max Drawdown | -28% | -26% | -14% | -19% | -23% | -18% | |
| Peers Max Drawdown | -24% | -31% | -32% | -32% | -36% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: OLN, GD, NOC, NWL, HBB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/3/2026 (YTD)
How Low Can It Go
| Event | NPK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.7% | -18.8% |
| % Gain to Breakeven | 24.6% | 23.1% |
| Time to Breakeven | 54 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.7% | -24.5% |
| % Gain to Breakeven | 27.7% | 32.4% |
| Time to Breakeven | 252 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -21.2% | -33.7% |
| % Gain to Breakeven | 27.0% | 50.9% |
| Time to Breakeven | 18 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.8% | -19.2% |
| % Gain to Breakeven | 14.7% | 23.8% |
| Time to Breakeven | 51 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -14.7% | -6.8% |
| % Gain to Breakeven | 17.3% | 7.3% |
| Time to Breakeven | 67 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -19.5% | -17.9% |
| % Gain to Breakeven | 24.3% | 21.8% |
| Time to Breakeven | 108 days | 123 days |
In The Past
National Presto Industries's stock fell -19.7% during the 2025 US Tariff Shock. Such a loss loss requires a 24.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | NPK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.7% | -24.5% |
| % Gain to Breakeven | 27.7% | 32.4% |
| Time to Breakeven | 252 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -21.2% | -33.7% |
| % Gain to Breakeven | 27.0% | 50.9% |
| Time to Breakeven | 18 days | 140 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.7% | -15.4% |
| % Gain to Breakeven | 29.4% | 18.2% |
| Time to Breakeven | 108 days | 125 days |
In The Past
National Presto Industries's stock fell -19.7% during the 2025 US Tariff Shock. Such a loss loss requires a 24.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About National Presto Industries (NPK)
National Presto Industries Inc. (NPK) is a diversified manufacturer operating across three main segments. Its Housewares/Small Appliance segment designs, markets, and distributes a wide range of consumer products, including pressure cookers, canners, deep fryers, air fryers, waffle makers, and coffeemakers, primarily under the Presto Control Master brand. These products are sold directly to retailers and through independent distributors, largely serving the North American consumer market.
The company's Defense segment is a key supplier to the United States government, specializing in the manufacture and sale of 40mm ammunition, precision mechanical and electro-mechanical products, and medium caliber cartridge cases. This segment also produces critical military energetic devices and materials such as detonators and booster pellets. Its primary customers are the United States Department of Defense (DOD) and DOD prime contractors.
NPK also includes a Safety segment, which leverages patented machine learning, digital sensors, and cloud-based technology. This segment focuses on continuously monitoring freezers and refrigerators to detect and alert users to potential safety issues related to pharmaceuticals and food, catering to industries that require stringent temperature control and safety compliance.
AI Analysis | Feedback
Here are 1-2 brief analogies for National Presto Industries:
It's like a kitchen appliance company such as Hamilton Beach Brands that also has a completely separate business manufacturing ammunition for the US military.
Think of them as two distinct entities: one making small kitchen appliances (like a smaller Ninja/Shark), and another supplying specialized munitions to the Department of Defense.
AI Analysis | Feedback
- Pressure Cookers and Canners: Appliances designed for faster cooking and safe food preservation through pressure.
- Electric Cooking Appliances: A diverse range of small electric appliances including skillets, griddles, woks, slow cookers, deep fryers, air fryers, waffle makers, and pizza ovens.
- Food Preparation Appliances: Specialized appliances like slicer/shredders, corn poppers, dehydrators, rice cookers, microwave bacon cookers, and egg cookers.
- Beverage Appliances: Appliances for preparing hot beverages, such as coffeemakers and electric tea kettles.
- Defense Ammunition: Manufactures 40mm ammunition and medium caliber cartridge cases for military applications.
- Military Energetic Devices and Materials: Produces detonators, booster pellets, release cartridges, and other explosive materials for defense.
- Precision Mechanical and Electro-Mechanical Products (Defense): Specialized components and systems for the United States Department of Defense and its prime contractors.
- Freezer and Refrigerator Monitoring Technology: A service utilizing machine learning, digital sensors, and cloud-based technology to continuously monitor and alert users to safety issues concerning pharmaceuticals and food.
AI Analysis | Feedback
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National Presto Industries (NPK) primarily sells its products to other companies and government entities. Its major customers include:
- Retailers and Independent Distributors: These customers purchase housewares and small electrical appliances for resale to individual consumers. The company's description does not name specific retailers or distributors.
- United States Department of Defense (DOD): The DOD is a direct customer for NPK's defense products, including ammunition, mechanical products, and energetic devices.
- DOD Prime Contractors: These companies contract with the Department of Defense and procure materials and components from NPK for their defense projects. The company's description does not name specific prime contractors.
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Maryjo Cohen
Chairman of the Board, President, and Chief Executive Officer
Maryjo Cohen was appointed CEO in May 1989 and has a tenure of over 36 years with National Presto Industries. She also holds a significant direct ownership stake in the company, reported as 23.66% or 23.67% of the shares. She is the largest individual shareholder. The available information does not indicate if she founded or managed other companies, sold companies she was previously involved with, or has a pattern of managing companies backed by private equity firms.
David J. Peuse
Chief Financial Officer, Treasurer and Director, Financial Reporting
David J. Peuse was elected to the position of Chief Financial Officer on November 21, 2025. He joined National Presto Industries in 1996 as its Internal Auditor. Prior to his current role, he served as Business Systems Analyst, Costing Manager, Manager of General Accounting, Controller, and since 2019, Treasurer. The available information does not indicate if he founded or managed other companies, sold companies he was previously involved with, or has a pattern of managing companies backed by private equity firms.
Douglas J. Frederick
Director, Chief Operating Officer, Vice President, Secretary and General Counsel
Douglas J. Frederick holds multiple leadership roles at National Presto Industries, including Director, Chief Operating Officer, Vice President, Secretary, and General Counsel.
Jeffery Alan Morgan
Vice President of Engineering
Jeffery Alan Morgan serves as the Vice President of Engineering for National Presto Industries. He is also listed as Vice President - Engineering & International Supply Chain.
John R. MacKenzie
Vice President of Sales
John R. MacKenzie is the Vice President of Sales at National Presto Industries.
AI Analysis | Feedback
Key Risks to National Presto Industries (NPK)
- Reliance on Government Defense Spending: National Presto Industries' Defense segment primarily serves the United States Department of Defense (DOD) and DOD prime contractors. This significant reliance on government contracts exposes the company to risks associated with fluctuations in defense budgets, changes in government spending priorities, political shifts, and contract renewal uncertainties. A reduction in military spending or the loss of key contracts could materially impact this segment's revenue and profitability.
- Competitive Pressure and Shifting Consumer Preferences in Housewares: The Housewares/Small Appliance segment operates in a highly competitive market characterized by numerous domestic and international players. The company faces ongoing challenges from competitors offering similar products, aggressive pricing strategies, and rapid changes in consumer preferences and trends. Economic downturns can also reduce discretionary consumer spending on housewares and small appliances, affecting sales volume and profitability.
- Market Adoption and Technological Competition for Safety Segment: The Safety segment, which patents machine learning, digital sensors, and cloud-based technology for monitoring freezers and refrigerators, faces risks related to market acceptance and intense competition from established technology companies. The success of this segment depends on its ability to effectively commercialize its patented technology, achieve widespread market adoption, and continuously innovate to stay ahead of rapidly evolving technological advancements and competitors in the tech space.
AI Analysis | Feedback
The clear emerging threat for National Presto Industries stems from its Safety segment. This segment patents machine learning, digital sensors, and cloud-based technology to continuously monitor freezers and refrigerators. A significant emerging threat is the potential for major appliance manufacturers (e.g., Samsung, LG, Whirlpool) to integrate similar machine learning, digital sensor, and cloud-based monitoring capabilities directly into their own freezers and refrigerators as standard or premium features. This integration would render NPK's standalone monitoring solution redundant or significantly less appealing, undermining its market.
AI Analysis | Feedback
National Presto Industries operates in three main segments: Housewares/Small Appliance, Defense, and Safety. The addressable markets for their main products and services are sized as follows:
Housewares/Small Appliance Segment
- The North America small kitchen appliances market size was estimated at USD 10.66 billion in 2023. It is projected to grow at a Compound Annual Growth Rate (CAGR) of 3.7% from 2024 to 2030. The market is expected to reach USD 11.02 billion in 2024.
Defense Segment
- The global ammunition market was valued at USD 22 billion in 2024 and is expected to grow at a CAGR of 3.50% from 2025 to 2034.
- The Global Programmable Ammunition Market is projected to grow from USD 3.48 billion in 2025 to USD 4.86 billion by 2031, at a CAGR of 5.72%.
Safety Segment
- The global cold chain monitoring market size was estimated at USD 35.03 billion in 2024 and is projected to reach USD 119.74 billion by 2030, growing at a CAGR of 23.0% from 2025 to 2030. North America dominated this market with the largest revenue share of over 33.0% in 2024.
- The U.S. cold chain monitoring market size was exhibited at USD 9.68 billion in 2024 and is projected to be worth around USD 68.50 billion by 2034, growing at a CAGR of 21.61% from 2025 to 2034.
- The global digital food safety market was valued at USD 12.4 billion in 2025. This market is expected to reach USD 34.8 billion by 2036 from USD 14.2 billion in 2026, growing at a CAGR of 9.4% from 2026 to 2036. North America is expected to dominate the global digital food safety market with the largest market share in 2026.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for National Presto Industries (NPK) over the next 2-3 years:
- Growth in the Defense Segment driven by substantial U.S. Army contracts: The Defense segment of National Presto Industries experienced a 43% increase in net sales in 2025, largely attributed to significant U.S. Army 40mm ammunition contracts. This indicates a sustained demand and secured business within this sector.
- Significant and expanding Defense backlog providing multi-year revenue visibility: As of December 31, 2025, the company's Defense backlog had grown to approximately $1.748 billion, offering an 18 to 42-month production window. This substantial backlog, which increased considerably from $564 million at the end of 2023 to $1.42 billion by Q3 2025, provides a clear pipeline for future revenue.
- Continued strong demand for defense products: National Presto Industries is viewed as an attractive and lower-risk player in the defense industry due to its robust backlog. This strategic positioning suggests an ongoing favorable demand environment and potential for further growth opportunities within the defense sector.
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Capital Allocation Decisions (Last 3-5 Years)
- Capital Expenditures
- National Presto Industries funded capital spending of $27,034,000 in 2025.
- Capital expenditures for the most recent 12-month period totaled -$29.21 million.
- The company is committed to continuing capital investments in existing authorized projects and pursuing additional projects if a suitable return on investment is projected.
Peer Outperformance in Aerospace & Defense
NPK has outperformed 58% of its 53 Aerospace & Defense peers over 5Y. Among the peers that beat it are HWM and ATRO. Aerospace & Defense ranks 4th of 23 industries in Industrials by median 5Y return.
Share of Aerospace & Defense constituents that NPK has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
87%
of 70 industry peers · 39.4% return
3Y
63%
of 59 industry peers · 110.5% return
5Y
58%
of 53 industry peers · 110.0% return
Aerospace & Defense peers with revenue growth within 4pp of NPK's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| NPK | National Presto Industries | 17.4% | 25.4x | 39.4% | 110.5% | 110.0% | — |
| HWM | Howmet Aerospace | 15.0% | 43.3x | 8.1% | 368.9% | 643.9% | +534pp |
| ATRO | Astronics | 15.0% | 33.1x | 25.0% | 279.5% | 350.9% | +241pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Aerospace & Defense is NPK's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 29 | -3.6% | 100.0% | 149.1% | STRL 1304% · FIX 1275% · AGX 776% |
| Marine Transportation | 5 | 34.9% | 45.7% | 144.5% | MATX 171% · KEX 145% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 16.1% | 58.1% | 103.1% | ALSN 274% · CAT 233% · WAB 224% |
| Aerospace & Defense ← | 54 | -9.5% | 62.7% | 65.1% | ATI 997% · FTAI 981% · HWM 644% |
| Industrial Machinery & Supplies & Components | 71 | 7.9% | 55.4% | 39.9% | CRS 890% · MLI 337% · SYM 273% |
| Trading Companies & Distributors | 19 | 21.5% | 40.7% | 32.2% | DXPE 420% · AIT 224% · URI 220% |
| Rail Transportation | 7 | 35.2% | 58.3% | 31.6% | CSX 52% · UNP 42% · NSC 32% |
| Diversified Support Services | 32 | 23.9% | 42.2% | 27.2% | CXW 233% · OPLN 166% · CACI 138% |
| Building Products | 34 | -6.4% | 11.9% | 20.1% | MOD 1023% · GFF 355% · TT 149% |
| Cargo Ground Transportation | 16 | 37.4% | 13.7% | 8.5% | XPO 292% · R 259% · ARCB 25% |
| Electrical Components & Equipment | 39 | -3.6% | 76.3% | 7.4% | POWL 1863% · VRT 819% · BE 569% |
| Office Services & Supplies | 10 | 27.7% | 21.1% | 1.3% | TILE 153% · PBI 146% · HNI 46% |
| Industrial Conglomerates | 17 | 12.6% | -4.5% | -13.9% | CSW 109% · CSL 78% · DD 76% |
| Data Processing & Outsourced Services | 6 | -17.5% | -0.6% | -15.4% | EXLS 61% · BR 18% · G -14% |
| Research & Consulting Services | 13 | 3.4% | -16.8% | -20.4% | HURN 281% · FCN 32% · BAH 11% |
| Agricultural & Farm Machinery | 16 | 12.9% | -7.6% | -22.0% | DE 107% · TTC 19% · AGCO 6% |
| Security & Alarm Services | 9 | -52.9% | 12.7% | -25.0% | BCO 65% |
| Environmental & Facilities Services | 29 | -32.9% | 21.6% | -28.3% | GEO 207% · CLH 175% · RSG 95% |
| Passenger Airlines | 11 | -1.6% | 41.6% | -34.2% | LTM 2778% · UAL 119% · DAL 110% |
| Air Freight & Logistics | 12 | -23.3% | -9.3% | -40.9% | FDX 83% · EXPD 69% · CHRW 59% |
| Human Resource & Employment Services | 22 | 20.5% | -9.6% | -44.1% | ADP 47% · FA 22% · PAYX 10% |
| Passenger Ground Transportation | 3 | -20.4% | 39.5% | -61.4% | UBER 46% · CAR -61% · LYFT -66% |
| Airport Services | 4 | -51.9% | -61.5% | -86.1% | JOBY -49% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 92.18 |
| Mkt Cap | 2.2 |
| Rev LTM | 7,025 |
| Op Inc LTM | 345 |
| FCF LTM | 159 |
| FCF 3Y Avg | 211 |
| CFO LTM | 322 |
| CFO 3Y Avg | 428 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.6% |
| Rev Chg 3Y Avg | 2.0% |
| Rev Chg Q | 9.2% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 11.4% |
| Op Inc Chg 3Y Avg | 15.9% |
| Op Mgn LTM | 9.8% |
| Op Mgn 3Y Avg | 9.1% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 9.1% |
| CFO/Rev 3Y Avg | 8.3% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 5.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Defense | 406 | 284 | 242 | 202 | 240 |
| Housewares / Small Appliances | 96 | 103 | 98 | 118 | 116 |
| Safety | 2 | 1 | 2 | 1 | 0 |
| Total | 504 | 388 | 341 | 322 | 356 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Defense | 58 | 43 | 38 | 32 | 51 |
| Safety | -9 | -10 | -11 | -15 | -19 |
| Housewares / Small Appliances | -9 | 13 | 7 | 5 | -3 |
| Total | 40 | 45 | 35 | 22 | 30 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Defense | 394 | 331 | 242 | 194 | 168 |
| Housewares / Small Appliances | 100 | 116 | 192 | 212 | 242 |
| Safety | 6 | 7 | 6 | 6 | 10 |
| Total | 501 | 453 | 441 | 412 | 420 |
Price Behavior
Price Behavior
| Market Price | $151.69 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -3.3% | |
| 50 Days | 200 Days | |
| DMA Price | $149.59 | $136.91 |
| DMA Trend | up | up |
| Distance from DMA | 1.4% | 10.8% |
| 3M | 1YR | |
| Volatility | 25.8% | 35.0% |
| Downside Capture | 2.37 | 71.34 |
| Upside Capture | 55.34 | 105.28 |
| Correlation (S&P 500) | 14.8% | 27.3% |
NPK Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.57 | 0.75 | 0.93 | 0.65 | 0.74 | 0.62 |
| Up Beta | -0.66 | 0.95 | 2.72 | 1.53 | 0.84 | 0.52 |
| Down Beta | 0.66 | 0.62 | 0.58 | 0.08 | 0.23 | 0.55 |
| Up Capture | 62% | 69% | 103% | 55% | 103% | 52% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 12 | 22 | 36 | 63 | 132 | 396 |
| Down Capture | 58% | 83% | -9% | 61% | 78% | 85% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 10 | 21 | 28 | 63 | 119 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NPK | |
|---|---|---|---|---|
| NPK | 43.0% | 35.0% | 1.07 | - |
| Sector ETF (XLI) | 11.5% | 17.3% | 0.46 | 31.7% |
| Equity (SPY) | 11.6% | 12.8% | 0.57 | 26.6% |
| Gold (GLD) | -2.4% | 28.6% | -0.10 | 13.9% |
| Commodities (DBC) | 42.0% | 20.9% | 1.56 | -22.3% |
| Real Estate (VNQ) | 10.6% | 13.7% | 0.48 | 21.2% |
| Bitcoin (BTCUSD) | -29.9% | 43.5% | -0.70 | 3.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NPK | |
|---|---|---|---|---|
| NPK | 17.4% | 27.3% | 0.58 | - |
| Sector ETF (XLI) | 12.0% | 17.6% | 0.51 | 44.2% |
| Equity (SPY) | 12.0% | 17.1% | 0.52 | 37.7% |
| Gold (GLD) | 16.5% | 19.0% | 0.69 | 7.9% |
| Commodities (DBC) | 8.3% | 19.6% | 0.31 | 0.8% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 35.7% |
| Bitcoin (BTCUSD) | 5.0% | 51.5% | 0.28 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NPK | |
|---|---|---|---|---|
| NPK | 10.8% | 28.7% | 0.40 | - |
| Sector ETF (XLI) | 13.5% | 20.1% | 0.59 | 43.6% |
| Equity (SPY) | 15.2% | 17.9% | 0.71 | 38.8% |
| Gold (GLD) | 11.5% | 16.5% | 0.57 | 4.7% |
| Commodities (DBC) | 7.8% | 18.1% | 0.34 | 9.4% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 33.4% |
| Bitcoin (BTCUSD) | 61.1% | 66.2% | 1.01 | 10.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/2/2026 | 0.5% | ||
| 8/3/2026 | 0.9% | 1.9% | 8.9% |
| 5/5/2026 | -1.0% | -3.4% | -6.8% |
| 3/4/2026 | -4.4% | -0.3% | 0.7% |
| 10/27/2025 | 1.0% | 0.6% | -13.2% |
| 7/28/2025 | 0.0% | 0.3% | 10.4% |
| 5/7/2025 | 2.4% | 5.0% | 8.2% |
| 2/21/2025 | -0.4% | 2.7% | -8.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 9 |
| # Negative | 8 | 10 | 14 |
| Median Positive | 1.4% | 2.3% | 5.3% |
| Median Negative | -0.7% | -2.8% | -4.8% |
| Max Positive | 8.7% | 5.8% | 18.0% |
| Max Negative | -4.4% | -6.0% | -13.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/2/2026 | 0.5% | ||
| 8/3/2026 | 0.9% | 1.9% | 8.9% |
| 5/5/2026 | -1.0% | -3.4% | -6.8% |
| 3/4/2026 | -4.4% | -0.3% | 0.7% |
| 10/27/2025 | 1.0% | 0.6% | -13.2% |
| 7/28/2025 | 0.0% | 0.3% | 10.4% |
| 5/7/2025 | 2.4% | 5.0% | 8.2% |
| 2/21/2025 | -0.4% | 2.7% | -8.0% |
| 10/28/2024 | 0.7% | -3.4% | 5.3% |
| 8/1/2024 | -1.4% | -3.2% | 3.8% |
| 4/30/2024 | 1.4% | 3.5% | -9.0% |
| 2/20/2024 | -0.3% | -1.6% | 4.3% |
| 11/3/2023 | -1.0% | 0.8% | 0.7% |
| 7/31/2023 | -0.3% | 2.3% | -7.5% |
| 5/8/2023 | 2.4% | 5.8% | 18.0% |
| 2/22/2023 | 4.4% | -3.6% | -3.2% |
| 10/28/2022 | 0.2% | -0.7% | -3.7% |
| 8/2/2022 | 2.1% | 4.7% | -3.8% |
| 5/2/2022 | 1.3% | 1.0% | -5.4% |
| 2/14/2022 | -0.3% | -6.0% | -0.3% |
| 11/1/2021 | 1.1% | 4.5% | -3.7% |
| 8/2/2021 | 1.6% | -1.2% | -9.4% |
| 5/5/2021 | 2.5% | 0.1% | -3.3% |
| 2/23/2021 | 8.7% | -2.3% | -4.1% |
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 9 |
| # Negative | 8 | 10 | 14 |
| Median Positive | 1.4% | 2.3% | 5.3% |
| Median Negative | -0.7% | -2.8% | -4.8% |
| Max Positive | 8.7% | 5.8% | 18.0% |
| Max Negative | -4.4% | -6.0% | -13.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/13/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-Q |
| 03/31/2026 | 05/15/2026 | 10-Q |
| 12/31/2025 | 03/13/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/14/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/13/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/13/2021 | 10-Q |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 03/16/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/22/2020 | 10-Q |
| 12/31/2019 | 03/11/2020 | 10-K |
| 09/30/2019 | 01/28/2020 | 10-Q |
Investor Activity (13F)
Updated Nov 4, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
National Presto Industries — Investor Video Playlist
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Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Aerospace & Defense Resources |
| Defense News |
| FlightGlobal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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