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Butler National Corporation (BUKS)

USD4.72 +0.17 (+3.74%)
US OTC Industrials Aerospace & Defense
Address 19920 West 161st Street 66062
New Century, KS, US
CEO Christopher J. Reedy
IPO 1994-02-24
CIK 15847 ISIN US1237201041

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Description

Butler National Corporation is a diversified company operating internationally, specializing in a broad spectrum of aerospace activities. Its extensive involvement includes the design, engineering, manufacturing, distribution, installation, repair, and modification of various aerostructures, aircraft components, avionics, accessories, subassemblies, and complete systems. The company's operations are segmented into two key divisions: Aerospace Products and Professional Services. The Aerospace Products segment offers comprehensive aircraft modification services. These encompass transforming business-class aircraft from passenger to freighter configurations, integrating advanced radar systems, adding aerial photography capabilities, implementing intelligence surveillance reconnaissance (ISR) enhancements, and performing stability modifications for aircraft types such as Learjet, Beechcraft, Cessna, and Dassault Falcon, alongside other specialized alterations. Additionally, this segment is responsible for the production, sale, and servicing of electronic upgrades tailored for classic weapon control systems utilized in military aircraft and ground vehicles. It also handles the sales, installation, and maintenance of avionics equipment, including aircraft radio systems and flight controls, and provides troubleshooting and repair for autopilot systems. Under its Professional Services segment, Butler National Corporation oversees the management of the Boot Hill Casino and Resort, a prominent gaming and entertainment complex situated in Dodge City, Kansas, which includes associated dining and recreational facilities. This segment further extends its expertise to provide architectural services, focusing on commercial and industrial building design, along with comprehensive engineering services. Beyond these core segments, the corporation actively purchases, renovates, and resells aircraft, with a particular emphasis on Learjet models. Its wide-ranging clientele includes owners and operators across the entire aviation spectrum, from single-engine and commercial aircraft to regional, business, and military fleets. Established in 1960, Butler National Corporation maintains its headquarters in Olathe, Kansas.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD4.72 +0.17 (+3.74%)
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Volume Profile
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Liquidity & share structure
Average Volume
34.6K
Beta
0.21
Float Shares
53.78M
Free Float %
67.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.08% +4.25% +2.96% +24.48% +75.21% +37.62% +174.34% +440.58% +644.64% +1,985.00% -46.19%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.72
DCF (Unlevered) 6.84 +44.9%
DCF (Levered) 2.50 -47.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.42
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Aerospace & Defense: +15.4%
    +7.1% Q2'26: +28.1% (vs Q2'25)
  • EPS growth Aerospace & Defense: +32.2%
    +5.6% Q2'26: +75.5% (vs Q2'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +14.9% Q2'26: -71.4% (vs Q2'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +22.5% Q2'26: +27.0% (vs Q2'25)
  • ROIC Aerospace & Defense: +6.2%
    +17.9% Q2'26: +41.4% (vs Q2'25)
  • Share dilution Aerospace & Defense: +0.0%
    -3.7% Q2'26: -4.9% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    1.53× Q2'26: 0.24× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 88% × Ke + 12% × Kd (5.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6.84 Current price: 4.72
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-27 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-26 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-22 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-21 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-20 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-19 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-18 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-15 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-14 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-13 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-12 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-11 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-08 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-07 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-06 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-05 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-04 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-05-01 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-30 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-29 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-28 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-27 A 4/5 3/5 5/5 5/5 2/5 4/5 3/5
2026-04-24 A- 4/5 3/5 5/5 5/5 1/5 4/5 3/5
2026-04-23 A- 4/5 3/5 5/5 5/5 1/5 4/5 3/5
2026-04-22 A- 4/5 3/5 5/5 5/5 1/5 4/5 3/5
2026-04-21 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5
2026-04-20 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5
2026-04-17 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5
2026-04-16 A- 4/5 3/5 5/5 5/5 1/5 4/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
21.69M
OE per share TTM
0.33
Owner's Yield
8.10%
Maintenance CapEx ratio
43.03%
Maint CapEx / Avg PPE
75.6%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
5.11M
Insider transactions (90d)
0
Beneficial owners (>5%)
5
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Jag Sandhu 8.00M 65.40% 3.25M 3.25M IN Delaware 2018-09-27
2 2. 6.84M 9.07% 6.84M IA, PN 2022-02-15
3 EssigPR Inc. 4.00M 5.79% 4.00M 4.00M CO 2023-11-30
4 Joseph P Daly 3.74M 5.41% 3.74M 3.74M IN 2023-11-30
5 Karina Daly 0.00% IN 2020-11-13

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 MINK BROOK ASSET MANAGEMENT LLC 1.36M +161.0K (+13.5%) 5.11M +1.5M (+41.2%) 2.11% +0.260 pp 2.85% +0.564 pp USD2.31 +63.2% 3 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
10
Sells
0
Shares acquired
28.4K
Shares disposed
Cash buys
6.00
Cash sales
Net activity
+28,443
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-20 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 1,000 3.88 3.9K 4,500,000 D
2026-03-19 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 745 3.93 2.9K 4,499,000 D
2026-03-17 Yowell Jeffrey David Director A-Award A Butler National Common Stock 3,255 3.84 12.5K 81,747 D
2026-03-17 Loh Michael Anthony Director A-Award A Butler National Common Stock 3,255 3.84 12.5K 137,597 D
2026-03-17 Daly Joseph Patrick Director / 10% Owner A-Award A Common Stock 3,255 3.84 12.5K 4,498,255 D
2026-03-17 Bowen Julie Marie Director A-Award A Butler National Common Stock 3,255 3.84 12.5K 23,861 D
2026-01-12 REEDY CHRISTOPHER J Director / Officer P-Purchase A Butler National Common Stock 1,800 2.84 5.1K 1,045,099 D
2026-01-12 Loh Michael Anthony Director P-Purchase A Butler National Common Stock 8,000 2.87 23.0K 134,342 D
2026-01-09 Loh Michael Anthony Director P-Purchase A Butler National Common Stock 2,000 2.96 5.9K 126,342 D
2026-01-02 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,678 3.04 8.1K 4,360,000 I
2025-12-29 Zeff Capital, LP 10% Owner S-Sale D Common Stock 72,788 3.12 227.1K 7,393,312 D
2025-12-29 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,322 2.95 6.8K 4,357,322 I
2025-12-26 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 5,000 3.00 15.0K 4,355,000 I
2025-12-23 Zeff Capital, LP 10% Owner S-Sale D Common Stock 400 3.06 1.2K 7,466,100 D
2025-12-23 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 472 3.12 1.5K 4,495,000 D
2025-12-22 Zeff Capital, LP 10% Owner S-Sale D Common Stock 33,500 3.10 103.9K 7,466,500 D
2025-12-19 Yowell Jeffrey David Director A-Award A Butler National Common Stock 4,528 2.76 12.5K 78,492 D
2025-12-19 Loh Michael Anthony Director A-Award A Butler National Common Stock 4,528 2.76 12.5K 124,342 D
2025-12-19 Daly Joseph Patrick Director / 10% Owner A-Award A Common Stock 4,528 2.76 12.5K 4,494,528 D
2025-12-19 Bowen Julie Marie Director A-Award A Butler National Common Stock 4,528 2.76 12.5K 20,606 D
2025-10-06 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 4,308 2.30 9.9K 4,490,000 D
2025-09-26 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 7,431 1.80 13.4K 4,485,692 D
2025-09-25 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 5,561 1.80 10.0K 4,478,261 D
2025-09-24 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 12,700 1.80 22.9K 4,472,700 D
2025-09-23 Yowell Jeffrey David Director A-Award A Butler National Common Stock 7,575 1.65 12.5K 73,964 D
2025-09-23 Loh Michael Anthony Director A-Award A Butler National Common Stock 7,575 1.65 12.5K 119,814 D
2025-09-23 Daly Joseph Patrick Director / 10% Owner A-Award A Common Stock 7,575 1.65 12.5K 4,442,575 D
2025-09-23 Bowen Julie Marie Director A-Award A Butler National Common Stock 7,575 1.65 12.5K 16,078 D
2025-09-22 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 100 1.80 180.00 4,425,100 D
2025-09-18 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 20,000 1.66 33.2K 4,425,000 D
2025-09-17 REEDY CHRISTOPHER J Director / Officer P-Purchase A Butler National Common Stock 5,000 1.66 8.3K 1,043,099 D
2025-09-16 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 15,000 1.65 24.8K 4,405,000 D
2025-07-21 REEDY CHRISTOPHER J Director / Officer A-Award A Butler National Common Stock 81,818 1.65 135.0K 1,038,099 D
2025-07-10 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 1,000 1.49 1.5K 4,390,000 D
2025-07-09 Yowell Jeffrey David Director A-Award A Butler National Common Stock 8,503 1.47 12.5K 66,389 D
2025-07-09 Loh Michael Anthony Director A-Award A Common Stock 8,503 1.47 12.5K 112,239 D
2025-07-09 HAYDEN DAVID B Director A-Award A Butler National Common Stock 8,503 1.47 12.5K 588,295 D
2025-07-09 Daly Joseph Patrick Director / 10% Owner A-Award A Common Stock 8,503 1.47 12.5K 4,376,389 D
2025-07-09 Bowen Julie Marie Director A-Award A Butler National Common Stock 8,503 1.47 12.5K 8,503 D
2025-05-15 Sefchick Adam Brett Officer A-Award A Butler National Common Stock 51,724 0.00 51,724 D
2025-05-14 Sefchick Adam Brett Officer 0 0.00 0
2025-04-11 Bowen Julie Marie Director 0 0.00 0
2025-04-10 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,500 1.43 3.6K 4,367,886 D
2025-04-09 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,500 1.43 3.6K 4,355,386 D
2025-04-08 Loh Michael Anthony Director A-Award A Common Stock 1,000 1.46 1.5K 103,736 D
2025-04-08 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,411 1.45 3.5K 4,350,297 D
2025-04-07 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 10,000 1.40 14.0K 4,347,886 D
2025-04-04 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 15,000 1.55 23.3K 4,315,000 I
2025-04-03 REEDY CHRISTOPHER J Director / Officer A-Award A Butler National Common Stock 2,500 1.63 4.1K 956,281 D
2025-04-02 REEDY CHRISTOPHER J Director / Officer A-Award A Butler National Common Stock 1,000 1.62 1.6K 953,781 D
2025-04-02 HAYDEN DAVID B Director S-Sale D Butler National Common Stock 15,153 1.63 24.7K 579,792 D
2025-03-21 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 15,000 1.75 26.3K 4,307,886 D
2025-03-20 Yowell Jeffrey David Director A-Award A Butler National Common Stock 7,886 1.59 12.5K 57,886 D
2025-03-20 Loh Michael Anthony Director A-Award A Common Stock 7,886 1.59 12.5K 102,736 D
2025-03-20 HAYDEN DAVID B Director A-Award A Butler National Common Stock 7,886 1.59 12.5K 594,945 D
2025-03-20 Edgar John M. Director A-Award A Butler National Common Stock 7,886 1.59 12.5K 1,002,004 D
2025-03-20 Daly Joseph Patrick Director / 10% Owner A-Award A Common Stock 7,886 1.59 12.5K 4,282,886 D
2025-03-19 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 100 1.60 160.00 4,250,100 I
2025-03-18 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 28,900 1.65 47.7K 4,275,000 D
2025-01-14 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 10,000 1.68 16.8K 4,180,000 D
2025-01-13 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 5,000 1.73 8.7K 4,121,500 D
2025-01-08 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 6,500 1.72 11.2K 4,116,500 D
2025-01-07 REEDY CHRISTOPHER J Director / Officer A-Award A Butler National Common Stock 78,034 1.73 135.0K 948,781 D
2025-01-07 Peters Joe Aric Officer A-Award A Butler National Common Stock 8,670 1.73 15.0K 623,670 D
2025-01-07 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,000 1.72 3.4K 4,250,000 I
2025-01-06 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 9,000 1.70 15.3K 4,090,000 D
2025-01-03 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 9,800 1.80 17.6K 4,060,000 D
2024-12-27 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 200 1.80 360.00 4,050,200 D
2024-12-23 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 15,000 1.85 27.8K 4,050,000 D
2024-12-19 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 651 1.90 1.2K 4,150,000 I
2024-12-16 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 2,433 1.70 4.1K 4,149,349 I
2024-12-13 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 10,000 1.70 17.0K 4,146,916 I
2024-12-12 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 6,916 1.70 11.8K 4,136,916 I
2024-10-15 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 5,000 1.38 6.9K 4,035,000 D
2024-10-14 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 5,000 1.40 7.0K 4,030,000 D
2024-10-11 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 4,750 1.40 6.7K 4,130,000 I
2024-10-04 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 250 1.30 325.00 4,125,250 I
2024-10-02 Loh Michael Anthony Director P-Purchase A Common Stock 3,000 1.27 3.8K 94,850 D
2024-10-02 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 4,379 1.28 5.6K 4,116,384 I
2024-10-01 Loh Michael Anthony Director P-Purchase A Common Stock 2,000 1.30 2.6K 91,850 D
2024-10-01 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 1,939 1.28 2.5K 4,112,000 I
2024-09-27 Loh Michael Anthony Director P-Purchase A Common Stock 5,000 1.29 6.5K 89,850 D
2024-09-27 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 3,100 1.29 4.0K 4,101,000 I
2024-09-26 Loh Michael Anthony Director P-Purchase A Common Stock 2,000 1.31 2.6K 84,850 D
2024-09-26 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 1,032 1.33 1.4K 4,070,000 I
2024-09-25 Loh Michael Anthony Director P-Purchase A Common Stock 22,850 1.36 31.1K 82,850 D
2024-09-24 Loh Michael Anthony Director P-Purchase A Common Stock 40,000 1.40 56.0K 60,000 D
2024-09-19 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 6,853 1.30 8.9K 4,025,000
2024-09-18 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 43,147 1.30 56.1K 4,018,147
2024-08-05 Loh Michael Anthony Director D Butler National Corporation Common Stock 0 0.00 20,000
2024-07-26 HAYDEN DAVID B Director D-Return D Butler National Common Stock 500,000 0.93 465.0K 587,059
2024-04-05 REEDY CHRISTOPHER J Director / Officer P-Purchase A Butler National Common Stock 124 0.80 99.20 870,747
2024-04-04 Daly Joseph Patrick Director / 10% Owner P-Purchase A Common Stock 5,000 0.78 3.9K 3,890,800
2024-02-12 Yowell Jeffrey David Director D Butler National Common Stock 0 0.00 50,000
2024-02-06 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 4,700 0.75 3.5K 3,885,800
2024-01-29 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 900 0.73 657.00 3,881,100
2024-01-24 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 6,200 0.74 4.6K 3,880,200
2023-12-22 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 25,000 0.68 17.0K 4,025,000
2023-12-15 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,200 0.69 3.6K 3,845,000
2023-12-08 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 14,800 0.68 10.1K 3,839,800
2023-12-07 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 25,000 0.68 17.0K 3,825,000
2023-12-06 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 25,000 0.69 17.3K 3,800,000
2023-12-05 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 15,000 0.70 10.5K 3,775,000
2023-12-04 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 6,193 0.70 4.3K 3,760,000
2023-12-01 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 7,400 0.68 5.0K 3,747,400
2023-11-30 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.68 3.4K 3,740,000
2023-11-29 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.68 3.4K 3,735,000
2023-11-28 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 59,728 0.69 41.2K 3,979,728
2023-11-24 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 32,000 0.69 22.1K 3,920,000
2023-11-22 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 7,000 0.68 4.8K 3,887,000
2023-11-21 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 30,000 0.69 20.7K 3,880,000
2023-11-20 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 50,000 0.68 34.0K 3,850,000
2023-11-17 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 13,500 0.68 9.2K 3,800,000
2023-11-16 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,200 0.67 3.5K 3,785,000
2023-11-15 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 20,500 0.68 13.9K 3,775,000
2023-11-14 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 9,000 0.67 6.0K 3,690,000
2023-11-13 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 15,000 0.66 9.9K 3,700,000
2023-11-10 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,801 0.67 1.9K 3,685,000
2023-11-09 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 700 0.64 448.00 3,682,199
2023-11-08 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,000 0.65 1.3K 3,677,000
2023-11-06 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.67 3.4K 3,675,000
2023-11-03 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 20,000 0.68 13.6K 3,670,000
2023-11-02 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 29,000 0.68 19.7K 3,650,000
2023-11-01 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 14,901 0.68 10.1K 3,620,000
2023-10-30 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 99 0.68 67.32 3,605,099
2023-10-27 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.68 3.4K 3,605,000
2023-10-26 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 37,000 0.67 24.8K 3,600,000
2023-10-25 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 10,000 0.66 6.6K 3,560,000
2023-10-24 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 1,500 0.64 960.00 3,530,000
2023-10-23 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 20,000 0.63 12.6K 3,520,000
2023-10-20 Peters Joe Aric Director / Officer P-Purchase A Butler National Common Stock 15,000 0.65 9.8K 615,000
2023-10-20 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.64 3.2K 3,650,000
2023-10-19 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 1,000 0.65 650.00 3,621,000
2023-10-18 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 10,000 0.69 6.9K 865,747
2023-10-18 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 10,000 0.68 6.8K 3,620,000
2023-10-17 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 20,000 0.69 13.8K 3,610,000
2023-10-16 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 20,000 0.68 13.6K 3,590,000
2023-10-13 Daly Joseph Patrick 10% Owner I Common Stock 0 0.00 3,490,000
2023-10-06 Edgar John M. Director A-Award A Butler National Common Stock 300,000 0.74 222.0K 994,118
2023-07-31 Zeff Capital, LP 10% Owner D Common Stock 0 0.00 7,500,000
2023-07-31 Veradace Partners LP 10% Owner D BUTLER NATIONAL CORPORATION 0 0.00 7,500,112
2023-04-30 STEWART CLARK D Director / Officer A-Award A Butler National Common Stock 51,625 0.78 40.5K 846,885
2023-04-30 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 51,625 0.78 40.5K 1,400,302
2023-04-30 Peters Joe Aric Director A-Award A Butler National Common Stock 51,625 0.78 40.5K 1,305,373
2023-04-30 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 51,625 0.78 40.5K 839,433
2023-01-20 Stewart Craig D Director A-Award A Butler National Common Stock 51,625 0.78 40.5K 1,080,724
2022-06-15 Peters Joe Aric Director I Butler National Common Stock 0 0.00 1,253,748
2022-04-29 Stewart Craig D Officer A-Award A Butler National Common Stock 63,260 0.61 38.5K 1,029,099
2022-04-29 STEWART CLARK D Officer A-Award A Butler National Common Stock 63,260 0.61 38.5K 795,260
2022-04-29 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 63,260 0.61 38.5K 1,348,677
2022-04-29 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 63,260 0.61 38.5K 787,808
2022-03-25 HAYDEN DAVID B Director S-Sale D Butler National Corporation Common Stock 294,118 0.68 200.0K 1,087,059
2022-03-25 Edgar John M. Director P-Purchase A Butler National Common Stock 294,118 0.68 200.0K 294,118
2021-04-30 Stewart Craig D Director / Officer A-Award A Butler National Common Stock 72,829 0.51 37.5K 965,839
2021-04-30 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 72,829 0.51 37.5K 1,285,417
2021-04-30 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 72,829 0.51 37.5K 724,548
2020-04-30 Stewart Craig D Director / Officer A-Award A Butler National Common Stock 93,599 0.40 37.4K 893,010
2020-04-30 STEWART CLARK D Director / Officer A-Award A Butler National Common Stock 93,599 0.40 37.4K 659,171
2020-04-30 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 93,599 0.40 37.4K 1,212,588
2020-04-30 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 93,599 0.40 37.4K 651,719
2020-03-19 Stewart Craig D Officer A-Award A Butler National Common Stock 600,000 0.41 246.0K 1,682,778
2020-03-19 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 400,000 0.41 164.0K 855,747
2020-03-19 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 400,000 0.41 164.0K 635,286
2019-04-30 Stewart Craig D Officer A-Award A Butler National Common Stock 144,506 0.25 36.1K 799,411
2019-04-30 STEWART CLARK D Director / Officer A-Award A Butler National Common Stock 144,506 0.25 36.1K 565,572
2019-04-30 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 138,389 0.25 34.6K 558,120
2019-04-12 Stewart Craig D Officer A-Award A Butler National Common Stock 200,000 0.38 76.0K 1,082,778
2019-04-12 STEWART CLARK D Director / Officer A-Award A Butler National Common Stock 500,000 0.38 190.0K 3,757,802
2019-04-12 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 200,000 0.38 76.0K 455,747
2019-04-12 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 200,000 0.38 76.0K 235,286
2019-03-15 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,500 0.37 925.00 3,899,616
2019-01-09 Daly Joseph Patrick Director P-Purchase A Common Stock 10,000 0.27 2.7K 535,000
2019-01-08 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 4,000 0.27 1.1K 3,897,116
2018-10-25 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 73,300 0.25 18.3K 3,893,116
2018-10-11 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 10,500 0.27 2.8K 3,819,816
2018-07-20 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,000 0.20 400.00 3,809,316
2018-07-17 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.20 1.0K 3,807,316
2018-07-11 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,500 0.19 475.00 3,802,316
2018-07-05 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 5,000 0.21 1.0K 3,779,816
2018-07-03 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 6,700 0.20 1.3K 3,774,816
2018-07-02 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,000 0.20 400.00 3,768,166
2018-06-29 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 14,166 0.20 2.8K 3,766,166
2018-06-28 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,000 0.40 800.00 3,752,000
2018-06-27 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 25,000 0.20 5.0K 525,000
2018-04-30 Stewart Craig D Officer A-Award A Butler National Common Stock 55,606 0.28 15.7K 654,905
2018-04-30 STEWART CLARK D Officer A-Award A Butler National Common Stock 57,244 0.28 16.2K 421,066
2018-04-30 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 57,244 0.28 16.2K 974,483
2018-04-30 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 44,482 0.28 12.6K 419,731
2017-04-30 Stewart Craig D Officer A-Award A Butler National Common Stock 66,398 0.23 15.3K 599,299
2017-04-30 STEWART CLARK D Director / Officer A-Award A Butler National Common Stock 69,130 0.23 15.9K 363,822
2017-04-30 REEDY CHRISTOPHER J Officer A-Award A Butler National Common Stock 69,130 0.23 15.9K 917,239
2017-04-30 McMahon Tad Mitchell Officer A-Award A Butler National Common Stock 53,114 0.23 12.2K 375,249
2017-04-28 WAGONER R WARREN Director A-Award A Butler National Common Stock 22,432 0.22 5.0K 3,620,834
2017-04-28 Tamburelli Michael Joseph Director A-Award A Butler National Common Stock 11,216 0.22 2.5K 23,952
2017-04-28 Hoffman Bradley Kyle Director A-Award A Butler National Common Stock 11,216 0.22 2.5K 23,952
2017-04-28 HAYDEN DAVID B Director A-Award A Butler National Common Stock 11,216 0.22 2.5K 1,381,177
2017-04-11 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 22,000 0.18 4.0K 2,322,000
2017-04-07 Daly Joseph Patrick Director P-Purchase A Common Stock 47,500 0.19 9.1K 2,300,000
2017-03-31 McMahon Tad Mitchell Officer I Butler National Common Stock 0 0.00 384,592
2016-12-30 Daly Joseph Patrick 10% Owner P-Purchase A Common Stock 2,500 0.22 537.50 2,252,500

Executive team

Top executives
EBIT / Employee
83.0K
Shares Outstanding
80.00M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Christopher J. Reedy President, Chief Executive Officer and Secretary 581.1K 243.0K 135.0K 71.8K 1.03M 13.09%
2 2025 Joe Aric Peters Vice President 545.4K 15.0K 381.4K 941.8K 1.59%
3 2025 Tad M. McMahon Former Chief Financial Officer and Secretary 295.7K 166.9K 462.6K 0.00%
4 2024 Joe Aric Peters Vice President 704.8K 111.7K 83.8K 900.3K 0.00%
5 2024 Christopher J. Reedy President, Chief Executive Officer and Secretary 589.2K 211.4K 69.3K 870.0K 0.00%
6 2024 Tad M. McMahon Former Chief Financial Officer and Secretary 373.0K 87.2K 73.1K 533.3K 0.00%
7 2024 Christopher J. Reedy President and Chief Executive Officer 590.00 211.00 871.00 0.00%
8 2024 Tad M. McMahon Chief Financial Officer and Secretary 373.00 87.00 533.00 0.00%
9 2024 Clark D. Stewart Former President and Chief Executive Officer 189.00 191.00 0.00%
10 2023 Clark D. Stewart Former President and Chief Executive Officer 989.00 1.1K 0.00%
11 2023 Joe Aric Peters Vice President 683.00 763.00 0.00%
12 2023 Christopher J. Reedy President and Chief Executive Officer 347.00 410.00 0.00%
13 2023 Tad M. McMahon Chief Financial Officer and Secretary 273.00 30.00 374.00 0.00%
14 2023 Craig D. Stewart Former Vice President 259.00 330.00 0.00%
15 2022 Clark D. Stewart Former President and Chief Executive Officer 769.00 863.00 0.00%
16 2022 Clark D. Stewart, CEO President and Chief Executive Officer 769.00 25.00 863.00 0.00%
17 2022 Craig D. Stewart Vice President 380.00 25.00 484.00 0.00%
18 2022 Craig D. Stewart Former Vice President 380.00 484.00 0.00%
19 2022 Christopher J. Reedy Vice President and Secretary 380.00 40.00 479.00 0.00%
20 2022 Christopher J. Reedy President and Chief Executive Officer 380.00 479.00 0.00%
21 2022 Tad M. McMahon Chief Financial Officer and Secretary 309.00 423.00 0.00%
22 2022 Tad M. McMahon Chief Financial Officer 309.00 45.00 423.00 0.00%
23 2021 Clark D. Stewart, CEO President and Chief Executive Officer 636.00 150.00 853.00 0.00%
24 2021 Christopher J. Reedy Vice President and Secretary 314.00 151.00 519.00 0.00%
25 2021 Craig D. Stewart Vice President 314.00 111.00 503.00 0.00%
26 2021 Tad M. McMahon Chief Financial Officer 247.00 161.00 475.00 0.00%
27 2020 Clark D. Stewart, CEO President and Chief Executive Officer 686.00 60.00 245.00 1.1K 23.16%
28 2020 Craig D. Stewart Vice President 300.00 122.00 245.00 743.00 32.97%
29 2020 Christopher J. Reedy Vice President and Secretary 300.00 94.00 163.00 606.00 26.90%
30 2020 Tad M. McMahon Chief Financial Officer 236.00 109.00 163.00 574.00 28.40%
31 2019 Clark D. Stewart, CEO President and Chief Executive Officer 508.00 76.00 190.00 840.00 22.62%
32 2019 Christopher J. Reedy Vice President and Secretary 285.00 70.00 76.00 479.00 15.87%
33 2019 Craig D. Stewart Vice President 285.00 40.00 76.00 475.00 16.00%
34 2019 Tad M. McMahon Chief Financial Officer 224.00 60.00 76.00 422.00 18.01%
35 2018 Clark D. Stewart, CEO President and Chief Executive Officer 510.00 556.00 0.00%
36 2018 Craig D. Stewart Vice President 265.00 330.00 0.00%
37 2018 Christopher J. Reedy Vice President and Secretary 271.00 305.00 0.00%
38 2018 Tad M. McMahon Chief Financial Officer 212.00 255.00 0.00%
39 2017 Clark D. Stewart, CEO President and Chief Executive Officer 498.00 538.00 0.00%
40 2017 Christopher J. Reedy Vice President and Secretary 255.00 296.00 0.00%
41 2017 Craig D. Stewart Vice President 250.00 295.00 0.00%
42 2017 Tad M. McMahon Chief Financial Officer 200.00 235.00 0.00%
43 2016 Clark D. Stewart, CEO President and Chief Executive Officer 469.00 521.00 0.00%
44 2016 Clark D. Stewart, CEO President and Director 469.00 521.00 0.00%
45 2016 Christopher J. Reedy Vice President and Secretary 256.00 295.00 0.00%
46 2016 Craig D. Stewart Vice President 249.00 292.00 0.00%
47 2016 Craig D. Stewart Vice President and Chief Financial Officer 249.00 292.00 0.00%
48 2016 Tad M. McMahon Chief Financial Officer 199.00 243.00 0.00%
49 2015 Clark D. Stewart, CEO President and Director 458.00 537.00 0.00%
50 2015 Craig D. Stewart Vice President and Chief Financial Officer 246.00 286.00 0.00%
51 2015 Christopher J. Reedy Vice President and Secretary 244.00 277.00 0.00%
52 2014 Clark D. Stewart, CEO President and Director 396.00 442.00 0.00%
53 2014 Craig D. Stewart Vice President and Chief Financial Officer 210.00 256.00 0.00%
54 2014 Christopher J. Reedy Vice President and Secretary 227.00 250.00 0.00%
55 2014 R. Warren Wagoner Director - Chairman of the Board 75.00 85.00 0.00%
56 2013 Clark D. Stewart, CEO President and Director 477.00 525.00 0.00%
57 2013 R. Warren Wagoner Director - Chairman of the Board 269.00 289.00 0.00%
58 2013 Christopher J. Reedy Vice President and Secretary 230.00 279.00 0.00%
59 2013 Craig D. Stewart Vice President and Chief Financial Officer 214.00 264.00 0.00%
60 2012 Clark D. Stewart, CEO President and Director 467.00 159.00 666.00 0.00%
61 2012 R. Warren Wagoner Director - Chairman of the Board 272.00 5.00 300.00 0.00%
62 2012 Christopher J. Reedy Vice President and Secretary 218.00 26.00 271.00 0.00%
63 2012 Craig D. Stewart Vice President and Chief Financial Officer 203.00 6.00 270.00 0.00%
64 2009 Clark D. Stewart, CEO President and Director 7.2K 7.2K 4.4K 4.4K 9.2K 28.0K 31.31%
65 2009 Christopher J. Reedy Vice President and Secretary 2.8K 2.8K 7.5K 10.3K 54.62%
66 2009 R. Warren Wagoner Director - Chairman of the Board 7.1K 7.1K 7.1K 200.00%
67 2009 Angela D. Shinabargar 1.7K 1.7K 1.7K 200.00%
68 2008 Clark D. Stewart 7.2K 7.2K 12.3K 5.1K 14.3K 24.9K 46.1K 37.75%
69 2008 R. Warren Wagoner 6.9K 6.9K 6.9K 15.5K 20.8K 66.67%
70 2008 Christopher J. Reedy 3.4K 3.4K 10.6K 18.0K 17.4K 39.15%
71 2008 Larry W. Franke 5.1K 5.1K 5.1K 12.5K 15.3K 66.67%
72 2008 Angela D. Shinabargar 3.4K 3.4K 3.4K 10.5K 10.2K 66.67%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-08-19 DEFA14A
2025-08-19 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-03-23 4
2026-03-19 4
2026-03-18 4
2026-03-18 4
2026-03-18 4
2026-03-12 8-K
2026-03-12 10-Q
2026-01-13 4
2026-01-12 4
2026-01-12 4

Executive team

NameTitleCompensationGender
Christopher J. Reedy Chief Executive Officer, President, Secretary & Director 896.0K male
Jeffrey D. Yowell Executive Chairman 85.3K male
Adam Brett Sefchick Vice President, Chief Financial Officer, Principal Financial Officer & Principal Accounting Officer male
ESG Rating
B
AEROSPACE & DEFENSE
Rank: 36 out of 76
2020
E (Environmental)
73.7 / 64.9
Company / Sector avg.
S (Social)
56.7 / 68.1
Company / Sector avg.
G (Governance)
55.6 / 66.3
Company / Sector avg.
ESG Total
62.0 / 66.4
Company / Sector avg.
ESG Score History AEROSPACE & DEFENSE
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits