National Presto Industries, Inc.
- Open
- 122.02
- Day high
- 122.80
- Day low
- 120.67
- Prev close
- 121.45
- Volume
- 54K
- Mkt cap
- $866M
- P/E (TTM)
- 26.9
- EPS (TTM)
- $4.50
- P/B
- 2.2
- P/S
- 1.7
- Yield
- 0.83%
- Per share
- $1.00
National Presto Industries, Inc. (NPK) is a Industrials company listed on NYSE. The stock is up 16% over the past year.
National Presto Industries, Inc. (NPK) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NPK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 13, 2026 | — | $2.10 | — | $164M | — |
| Aug 8, 2025 | — | $0.72 | — | $120M | — |
| Mar 14, 2025 | — | $2.91 | — | $135M | — |
| Aug 1, 2024 | — | $0.85 | — | $85M | — |
| Apr 30, 2024 | — | $0.92 | — | $77M | — |
| Feb 20, 2024 | — | $1.85 | — | $98M | — |
| Oct 27, 2023 | — | $0.99 | — | $83M | — |
| Jul 28, 2023 | — | $0.77 | — | $79M | — |
| May 5, 2023 | — | $1.25 | — | $80M | — |
| Feb 17, 2023 | — | $0.30 | — | $114M | — |
| Oct 28, 2022 | — | $1.26 | — | $70M | — |
| Jul 29, 2022 | — | $0.94 | — | $77M | — |
NPK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 4, 2026 | Morgan Jeffery Alanofficer: VP-ENGINEERING | Tax | 349 | $139.84 |
| Mar 18, 2026 | Peuse David Jofficer: CFO & TREASURER | Sell | 500 | $140.16 |
| Mar 16, 2026 | Morgan Jeffery Alanofficer: VP-ENGINEERING | Tax | 100 | $131.58 |
| Mar 16, 2026 | MacKenzie John Roderick JRofficer: VP-SALES | Tax | 62 | $131.58 |
| Mar 16, 2026 | Peuse David Jofficer: CFO & TREASURER | Tax | 78 | $131.58 |
| Mar 16, 2026 | Frederick Douglas Jdirector, officer: COO, VP, SECRETARY | Tax | 36 | $131.58 |
| Mar 11, 2026 | LIEBLE RANDY Fdirector | Sell | 2,417 | $143.97 |
| Jan 5, 2026 | Frederick Douglas Jdirector, officer: COO, VP, SECRETARY | Grant | 386 | — |
| Jan 5, 2026 | Morgan Jeffery Alanofficer: VP-ENGINEERING | Grant | 234 | — |
| Jan 5, 2026 | Peuse David Jofficer: CFO & TREASURER | Grant | 327 | — |
| Jan 5, 2026 | MacKenzie John Roderick JRofficer: VP-SALES | Grant | 327 | — |
| Jan 2, 2026 | QUINN PATRICK Jdirector | Grant | 100 | — |
| Jan 2, 2026 | Stienessen Joseph Gdirector | Grant | 100 | — |
| Jan 2, 2026 | LIEBLE RANDY Fdirector | Grant | 100 | — |
| Mar 18, 2025 | Peuse David Jofficer: TREASURER | Tax | 19 | $89.01 |
Source: NPK SEC Form 4 filings, latest May 4, 2026. For informational purposes only — not investment advice.
See the full NPK insider & 13F page →National Presto Industries, Inc. company profile
Overview
National Presto Industries, Inc. (NYSE:NPK) is a diversified American manufacturer founded in 1905 and headquartered in Eau Claire, Wisconsin. The company began as a manufacturer of pressure cookers and has evolved into a multi-segment business operating in consumer housewares, defense manufacturing, and safety monitoring technology. With over a century of operations, National Presto has established itself as a niche player across these distinct markets, maintaining a conservative financial approach while generating steady cash flows from its diversified portfolio of products and services.
Business
National Presto operates through three distinct business segments that serve very different markets and customer bases. The Housewares/Small Appliance segment represents the company's original business and likely generates approximately 60-70% of total revenue based on the company's historical focus. This division designs, markets, and distributes kitchen appliances and housewares under the well-known Presto brand. The product line includes pressure cookers and canners (the company's founding products), electric skillets and griddles with thermostatic controls, slow cookers, deep fryers, air fryers, waffle makers, pizza ovens, food processors, electric heaters, popcorn makers, food dehydrators, rice cookers, coffee makers, and various kitchen gadgets. These products are sold directly to major retailers and through independent distributors across North America. The Defense segment manufactures specialized military products and likely accounts for 25-35% of revenue. This division produces 40mm ammunition, precision mechanical and electro-mechanical components, medium caliber cartridge cases, detonators, booster pellets, release cartridges, lead azide, and other military energetic devices and materials. The primary customers are the United States Department of Defense and major defense contractors. This business requires specialized manufacturing capabilities and security clearances due to the sensitive nature of the products. The Safety segment is the newest and smallest division, representing a small percentage of total revenue. This segment focuses on developing and commercializing machine learning and digital sensor technology combined with cloud-based monitoring systems. These products continuously monitor freezers and refrigerators to detect potential safety issues that could compromise pharmaceuticals and food storage, alerting users to temperature deviations or equipment failures that could result in product spoilage or safety concerns.
Revenue model
National Presto generates revenue through direct product sales across its three business segments, with different customer bases and margin profiles for each division. The housewares business operates on a traditional manufacturing and distribution model, selling finished consumer appliances to major retailers such as department stores, specialty kitchen retailers, and big-box stores, as well as through independent distributors. Revenue comes from wholesale product sales, with margins influenced by commodity costs for materials like steel and plastic, manufacturing efficiency, competitive pricing pressure from other small appliance manufacturers, and seasonal demand patterns that typically peak during holiday shopping seasons. The defense segment operates under long-term contracts with the U.S. Department of Defense and prime defense contractors, providing more predictable revenue streams but subject to government budget cycles and defense spending priorities. This business typically enjoys higher margins due to the specialized nature of the products, regulatory barriers to entry, and the critical nature of military applications. However, margins can be pressured by raw material costs for specialized metals and chemicals, compliance costs, and the need for continuous facility security and personnel clearances. The safety monitoring segment appears to operate on a combination of hardware sales and potentially recurring software/monitoring service fees, though this division remains small relative to the other segments. Factors affecting profitability include technology development costs, competition from larger technology companies entering the IoT monitoring space, and the need to scale operations to achieve meaningful market penetration. Overall company margins are influenced by macroeconomic factors including commodity price fluctuations, labor costs, supply chain disruptions, and currency exchange rates for any international sourcing. The diverse nature of the business provides some natural hedging, as defense spending patterns often move independently of consumer discretionary spending cycles.
Competitive moat
National Presto's competitive advantages vary significantly across its business segments, creating a mixed moat profile. In the housewares segment, the company benefits from the Presto brand recognition built over more than a century, particularly in pressure cooking where it maintains a strong market position. However, this moat is relatively narrow as the small appliance market faces intense competition from both established players and new entrants, particularly from overseas manufacturers offering lower-cost alternatives. The brand loyalty in kitchen appliances, while present, is not as strong as in other consumer categories. The defense segment provides the company's strongest moat through several factors: security clearances and facility certifications required for manufacturing military energetic devices create significant barriers to entry; long-term relationships with the Department of Defense and prime contractors built over decades; and specialized manufacturing expertise in precision military components that requires substantial capital investment and technical knowledge to replicate. The regulatory environment and the critical nature of military applications create switching costs for customers and limit competitive threats. The safety monitoring segment currently lacks a meaningful moat, as it operates in a crowded and rapidly evolving technology market where larger players with greater resources, established IoT platforms, and broader distribution networks could easily replicate or surpass the company's offerings. The machine learning and cloud-based monitoring space is dominated by much larger technology companies with more advanced capabilities and deeper pockets. Potential disruption risks include technological obsolescence in the defense segment from new military technologies, continued pressure in housewares from e-commerce and direct-to-consumer brands, and the possibility that the safety monitoring business fails to achieve scale against better-funded competitors. The company's small size relative to competitors in each segment limits its ability to invest in research and development or marketing at competitive levels.
Risks & safety
National Presto demonstrates a strong margin of safety with conservative financial management and minimal financial risk. • Debt and Solvency: Extremely low debt-to-equity ratio of 2.7%, minimal solvency risk with current ratio of 4.9x and quick ratio of 1.2x, indicating strong liquidity position • Cash Position: While cash decreased from $87.7M to $17.7M during 2024, the company maintains substantial working capital of $292M and total equity of $367M • Cash Flow Concerns: Operating cash flow turned negative at -$53.4M in 2024 and free cash flow at -$61M, primarily due to working capital build-up, representing a key risk factor to monitor • Valuation Metrics: Trading at reasonable multiples with P/E of 16.9x, EV/EBITDA of 13.8x, and price-to-book of 1.9x, suggesting fair valuation rather than deep value • Profitability: Maintained positive net income of $41.5M in 2024 with return on equity of 11.3%, demonstrating underlying business profitability despite cash flow challenges • Other Considerations: Strong balance sheet provides cushion for temporary cash flow issues, but negative operating cash flow trend requires attention and potential working capital management improvements
Recent development
Based on the available financial data, National Presto has maintained relatively stable operations across its three business segments over the past few years, though specific strategic initiatives are not detailed in the provided information. The company experienced revenue growth from $321.6 million in 2022 to $388.2 million in 2024, representing a compound annual growth rate of approximately 10%. The most notable development has been the significant change in cash flow patterns, with the company moving from positive operating cash flow of $45.4 million in 2023 to negative $53.4 million in 2024. This shift appears to be driven by working capital requirements rather than operational deterioration, as the company maintained profitability throughout this period. The defense segment likely benefited from increased military spending and contract awards, while the housewares business may have seen growth from post-pandemic normalization in consumer spending patterns. The safety monitoring segment, while still small, represents the company's effort to diversify into higher-growth technology markets. However, without detailed earning call transcripts, the specific strategic direction, investment levels, and growth expectations for this segment remain unclear. The company's conservative financial management approach has continued, maintaining low debt levels and strong balance sheet positions even as it navigated the cash flow challenges of 2024.
NPK company profile · for informational purposes only — not investment advice.
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