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Butler National Corp. (BUKS) Stock Fundamental Analysis & AI Rating 2026

BUKS OTC Services-Miscellaneous Amusement & Recreation DE CIK: 0000015847
Updated This Month • Analysis: Mar 21, 2026 • SEC Data: 2026-01-31
Combined AI Rating
BUY
78% Confidence
STRONG AGREEMENT
BUY
78% Conf
BUY
77% Conf

📊 BUKS Key Takeaways

Revenue: $70.3M
Net Margin: 23.3%
Free Cash Flow: $19.8M
Current Ratio: 1.88x
Debt/Equity: 0.34x
EPS: $0.25
AI Rating: BUY with 78% confidence
Butler National Corp. (BUKS) receives a BUY rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $70.3M, net profit margin of 23.3%, and return on equity (ROE) of 21.5%, Butler National Corp. demonstrates strong fundamentals in the Services sector. Below is our complete BUKS stock analysis for 2026.

Is Butler National Corp. (BUKS) a Good Investment?

Claude

Butler National demonstrates strong fundamental health with robust profitability metrics (23.3% net margin, 29.9% operating margin) and healthy cash generation (19.8M free cash flow on 70.3M revenue). The company maintains a solid balance sheet with moderate leverage (0.34x debt/equity) and strong liquidity (1.88x current ratio), supported by substantial cash reserves of 36.5M.

ChatGPT

Butler National shows strong underlying fundamentals, with high operating and net margins, solid returns on equity and assets, and free cash flow generation that comfortably exceeds capital spending needs. The balance sheet appears healthy, with ample cash, manageable leverage, and good liquidity, which supports resilience. The main limitation is that growth appears moderate rather than exceptional, so the case rests more on quality and financial strength than rapid expansion.

Why Buy Butler National Corp. Stock? BUKS Key Strengths

Claude
  • + Excellent profitability with net margin of 23.3% and operating margin of 29.9%
  • + Strong free cash flow generation at 19.8M (28.1% FCF margin) provides financial flexibility
  • + Conservative capital structure with 0.34x debt/equity ratio and 14.0x interest coverage
  • + Solid liquidity position with 1.88x current ratio and 36.5M cash reserves
  • + Positive revenue growth of 7.1% year-over-year with EPS growth of 5.6%
  • + High returns on equity (21.5%) and assets (11.6%) demonstrate efficient capital deployment
ChatGPT
  • + Strong profitability profile, including 34.5% gross margin, 29.9% operating margin, and 23.3% net margin
  • + Healthy financial position with $36.49M in cash, 1.88x current ratio, and low debt-to-equity of 0.34x
  • + High-quality cash generation, with $24.51M operating cash flow and $19.77M free cash flow, equal to a 28.1% FCF margin

BUKS Stock Risks: Butler National Corp. Investment Risks

Claude
  • ! Modest revenue growth rate of 7.1% may indicate limited expansion opportunities in the amusement and recreation sector
  • ! Relatively small market capitalization as OTC-listed company may limit liquidity and institutional interest
  • ! Dependence on discretionary consumer spending in amusement/recreation sector creates economic cycle vulnerability
ChatGPT
  • ! Revenue growth of 7.1% is respectable but not high, which may limit upside if margin expansion slows
  • ! Small OTC-listed companies can face higher business concentration, governance, and reporting-risk concerns than larger exchange-listed peers
  • ! Exposure to regulated and discretionary end markets can pressure earnings if demand softens or regulatory conditions tighten

Key Metrics to Watch

Claude
  • * Operating cash flow and free cash flow trends to confirm sustainability of 28%+ FCF margins
  • * Revenue growth acceleration beyond 7% to validate business expansion momentum
  • * Debt/equity ratio and leverage changes given moderate 0.34x current level
  • * Form 4 insider trading activity patterns as indicator of management confidence
ChatGPT
  • * Revenue growth and segment-level margin sustainability
  • * Free cash flow conversion and debt levels relative to earnings

Butler National Corp. (BUKS) Financial Metrics & Key Ratios

Revenue
$70.3M
Net Income
$16.4M
EPS (Diluted)
$0.25
Free Cash Flow
$19.8M
Total Assets
$141.0M
Cash Position
$36.5M

💡 AI Analyst Insight

The 28.1% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.

BUKS Profit Margin, ROE & Profitability Analysis

Gross Margin 34.5%
Operating Margin 29.9%
Net Margin 23.3%
ROE 21.5%
ROA 11.6%
FCF Margin 28.1%

BUKS vs Services Sector: How Butler National Corp. Compares

How Butler National Corp. compares to Services sector averages

Net Margin
BUKS 23.3%
vs
Sector Avg 10.0%
BUKS Sector
ROE
BUKS 21.5%
vs
Sector Avg 16.0%
BUKS Sector
Current Ratio
BUKS 1.9x
vs
Sector Avg 1.5x
BUKS Sector
Debt/Equity
BUKS 0.3x
vs
Sector Avg 0.7x
BUKS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Butler National Corp. Stock Overvalued? BUKS Valuation Analysis 2026

Based on fundamental analysis, Butler National Corp. appears fundamentally strong relative to the Services sector in 2026.

Return on Equity
21.5%
Sector avg: 16%
Net Profit Margin
23.3%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.34x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Butler National Corp. Balance Sheet: BUKS Debt, Cash & Liquidity

Current Ratio
1.88x
Quick Ratio
1.54x
Debt/Equity
0.34x
Debt/Assets
45.8%
Interest Coverage
13.97x
Long-term Debt
$25.6M

BUKS Revenue & Earnings Growth: 5-Year Financial Trend

BUKS 5-year financial data: Year 2021: Revenue $65.9M, Net Income $4.2M, EPS $0.06. Year 2022: Revenue $73.5M, Net Income $1.4M, EPS $0.02. Year 2023: Revenue $75.2M, Net Income $10.4M, EPS $0.14. Year 2024: Revenue $78.4M, Net Income $4.5M, EPS $0.06. Year 2025: Revenue $84.0M, Net Income $12.5M, EPS $0.18.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Butler National Corp.'s revenue has grown significantly by 27% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.18 reflects profitable operations.

BUKS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
28.1%
Free cash flow / Revenue

BUKS Quarterly Earnings & Performance

Quarterly financial performance data for Butler National Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $21.2M $2.2M $0.05
Q2 2026 $21.4M $2.2M $0.05
Q1 2026 $19.8M $2.2M $0.03
Q3 2025 $19.0M $2.4M $0.03
Q2 2025 $19.6M $3.6M $0.05
Q1 2025 $17.2M N/A $0.01
Q3 2024 $19.0M N/A $0.03
Q2 2024 $19.3M N/A $0.03

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Butler National Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$24.5M
Cash generated from operations
Stock Buybacks
$5.5M
Shares repurchased (TTM)
Capital Expenditures
$4.7M
Investment in assets
Dividends
None
No dividend program

BUKS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Butler National Corp. (CIK: 0000015847)

📋 Recent SEC Filings

Date Form Document Action
Mar 23, 2026 4 xslF345X06/primary_doc.xml View →
Mar 19, 2026 4 xslF345X06/primary_doc.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773871189.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773871037.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773866925.xml View →

Frequently Asked Questions about BUKS

What is the AI rating for BUKS?

Butler National Corp. (BUKS) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (BUY) with 78% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BUKS's key strengths?

Claude: Excellent profitability with net margin of 23.3% and operating margin of 29.9%. Strong free cash flow generation at 19.8M (28.1% FCF margin) provides financial flexibility. ChatGPT: Strong profitability profile, including 34.5% gross margin, 29.9% operating margin, and 23.3% net margin. Healthy financial position with $36.49M in cash, 1.88x current ratio, and low debt-to-equity of 0.34x.

What are the risks of investing in BUKS?

Claude: Modest revenue growth rate of 7.1% may indicate limited expansion opportunities in the amusement and recreation sector. Relatively small market capitalization as OTC-listed company may limit liquidity and institutional interest. ChatGPT: Revenue growth of 7.1% is respectable but not high, which may limit upside if margin expansion slows. Small OTC-listed companies can face higher business concentration, governance, and reporting-risk concerns than larger exchange-listed peers.

What is BUKS's revenue and growth?

Butler National Corp. reported revenue of $70.3M.

Does BUKS pay dividends?

Butler National Corp. does not currently pay dividends.

Where can I find BUKS SEC filings?

Official SEC filings for Butler National Corp. (CIK: 0000015847) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BUKS's EPS?

Butler National Corp. has a diluted EPS of $0.25.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is BUKS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Butler National Corp. has a BUY rating with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is BUKS stock overvalued or undervalued?

Valuation metrics for BUKS: ROE of 21.5% (sector avg: 16%), net margin of 23.3% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.

Should I buy BUKS stock in 2026?

Our dual AI analysis gives Butler National Corp. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is BUKS's free cash flow?

Butler National Corp.'s operating cash flow is $24.5M, with capital expenditures of $4.7M. FCF margin is 28.1%.

How does BUKS compare to other Services stocks?

Vs Services sector averages: Net margin 23.3% (avg: 10%), ROE 21.5% (avg: 16%), current ratio 1.88 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 21, 2026 | Data as of: 2026-01-31 | Powered by Claude AI