Filing Flows › National Presto Industries (NPK) › Q2 2025
National Presto Industries (NPK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
National Presto Industries (NPK) reported revenue of $120M for the second quarter 2025 (Q2 2025), +42% from a year earlier and +16% from the quarter before. Operating margin was 5.1%, net earnings $5.2M (4.3% of revenue).
National Presto Industries, Q2 2025: revenue $120M (+42% year over year), operating margin 5.1%, net earnings $5.2M, operating cash flow −$10.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | +16% | +42% |
| Gross profit | $18.5M | +2% | +26% |
| Operating profit | $6.1M | -33% | -4% |
| Net earnings | $5.2M | -32% | -15% |
| Operating cash flow | −$10.9M | -188% | — |
What changed
Revenue was $120.4M in Q2 2025, up 42% year over year and up 16% from the previous quarter.
Gross margin was 15.4%, down 1.9 points from a year earlier. Operating profit was $6.1M, a 5.1% margin (down 2.4 points year over year). Operating profit fell $265K even though revenue rose $35.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 49% against revenue growth of 42%. The fastest-growing cost line was Other operating costs (+713%). Net earnings were $5.2M, down 15% year over year. The effective tax rate was 22.1%.
Operating cash flow was −$10.9M. Non-cash charges added back $1.2M of depreciation and amortization. Working capital and other items used $17.3M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$13.4M.
Questions
What was National Presto Industries' revenue in the second quarter 2025?
National Presto Industries (NPK) reported revenue of $120M for the second quarter 2025 (Q2 2025), +42% from a year earlier and +16% from the quarter before.
Was National Presto Industries profitable in the second quarter 2025?
Operating profit was $6.1M (5.1% of revenue) and net earnings $5.2M.