Filing Flows › National Presto Industries (NPK) › Q3 2025
National Presto Industries (NPK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
National Presto Industries (NPK) reported revenue of $115M for the third quarter 2025 (Q3 2025), +26% from a year earlier and -4% from the quarter before. Operating margin was 5.6%, net earnings $5.3M (4.6% of revenue).
National Presto Industries, Q3 2025: revenue $115M (+26% year over year), operating margin 5.6%, net earnings $5.3M, operating cash flow −$24.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | -4% | +26% |
| Gross profit | $16.0M | -14% | -7% |
| Operating profit | $6.4M | +5% | -30% |
| Net earnings | $5.3M | +3% | -34% |
| Operating cash flow | −$24.6M | — | — |
What changed
Revenue was $115.5M in Q3 2025, up 26% year over year and down 4% from the previous quarter.
Gross margin was 13.9%, down 4.9 points from a year earlier. Operating profit was $6.4M, a 5.6% margin (down 4.5 points year over year). Operating profit fell $2.8M even though revenue rose $23.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 20% against revenue growth of 26%. The fastest-growing cost line was SG&A (+21%). Net earnings were $5.3M, down 34% year over year. The effective tax rate was 22.5%.
Operating cash flow was −$24.6M. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items used $31.2M. Capital expenditures of $106K exceeded it, leaving free cash flow of −$24.7M.
Questions
What was National Presto Industries' revenue in the third quarter 2025?
National Presto Industries (NPK) reported revenue of $115M for the third quarter 2025 (Q3 2025), +26% from a year earlier and -4% from the quarter before.
Was National Presto Industries profitable in the third quarter 2025?
Operating profit was $6.4M (5.6% of revenue) and net earnings $5.3M.