Filing Flows › National Presto Industries (NPK) › Q4 2025
National Presto Industries (NPK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
National Presto Industries (NPK) reported revenue of $164M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +42% from the quarter before. Operating margin was 11.4%, net earnings $15.0M (9.2% of revenue).
National Presto Industries, Q4 2025: revenue $164M (+22% year over year), operating margin 11.4%, net earnings $15.0M, operating cash flow $13.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +42% | +22% |
| Gross profit | $27.7M | +73% | -16% |
| Operating profit | $18.7M | +191% | -20% |
| Net earnings | $15.0M | +182% | -28% |
| Operating cash flow | $13.9M | — | — |
| Free cash flow | $12.4M | — | — |
What changed
Revenue was $164.0M in Q4 2025, up 22% year over year and up 42% from the previous quarter.
Gross margin was 16.9%, down 7.5 points from a year earlier. Operating profit was $18.7M, a 11.4% margin (down 6.0 points year over year). Operating profit fell $4.7M even though revenue rose $29.3M versus a year earlier, so costs grew faster than sales. Operating expenses fell 5% while revenue rose 22%. Net earnings were $15.0M, down 28% year over year. The effective tax rate was 20.3%.
Operating cash flow was $13.9M, 93% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization. Working capital and other items used $2.5M. Capital expenditures of $1.5M left free cash flow of $12.4M.
Questions
What was National Presto Industries' revenue in the fourth quarter 2025?
National Presto Industries (NPK) reported revenue of $164M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +42% from the quarter before.
Was National Presto Industries profitable in the fourth quarter 2025?
Operating profit was $18.7M (11.4% of revenue) and net earnings $15.0M.