National Presto Industries, Inc.
NPK Industrials Aerospace & Defense
National Presto Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $503.5 million, up 29.7% from fiscal 2024. In the quarter to June 2026, revenue grew 21.7%, EPS grew 206.9% and free cash flow grew 169.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.
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National Presto Industries, Inc. (NPK) Altman Z-score
National Presto Industries, Inc.'s Altman Z-score for fiscal 2025 is 7.41, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 7.41 | (0.55) |
| FY2024 | 7.96 | 0.98 |
| FY2023 | 6.98 | (0.49) |
| FY2022 | 7.46 | (1.16) |
| FY2021 | 8.62 | (0.99) |
| FY2020 | 9.62 | (2.42) |
| FY2019 | 12.04 | (1.59) |
| FY2018 | 13.62 | 1.06 |
| FY2017 | 12.56 | 2.68 |
| FY2016 | 9.89 | (0.64) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.62 | — | 0.74 | |
| Retained earnings / total assets | 0.76 | — | 1.06 | |
| EBIT / total assets | 0.08 | — | 0.27 | |
| Market value of equity / total liabilities | 7.23 | — | 4.34 | |
| Sales / total assets | 1.01 | — | 1.01 | |
| Altman Z-score | Safe zone | 7.41 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 10.98 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PKE Park Aerospace Corp. compare | 27.0× |
| RCAT Red Cat Holdings, Inc. compare | 16.2× |
| RGR Sturm, Ruger & Company, Inc. compare | 9.2× |
| NPK National Presto Industries, Inc. | 7.4× |
| SWBI Smith & Wesson Brands, Inc. compare | 5.7× |
| CDRE Cadre Holdings, Inc. compare | 3.8× |
| VOYG Voyager Technologies, Inc. compare | 0.8× |
| SATL Satellogic Inc. compare | −2.2× |
| EVEX Eve Holding, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets