Butler National Corporation (BUKS)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Butler National Corporation (BUKS) with AI Score 50/100 (Hold). Butler National Corporation operates in the aerospace and defense industry and manages a gaming facility. Market cap: 0, Sector: Industrials.
Last analyzed: Mar 15, 2026Butler National Corporation (BUKS) Industrial Operations Profile
Butler National Corporation (BUKS) serves the aviation industry through aerospace products and provides professional services, including management of a gaming facility. The company specializes in aircraft modifications and electronics upgrades for military aircraft, positioning it as a diversified player in the industrials sector.
Investment Thesis
Butler National Corporation presents a unique investment profile due to its diversified operations across aerospace and gaming. The company's Aerospace Products segment benefits from ongoing demand for aircraft modifications and upgrades, particularly in the military sector. With a P/E ratio of 12.06 and a profit margin of 21.4%, BUKS demonstrates profitability. Growth catalysts include potential expansions in its aerospace product offerings and increased traffic at its Boot Hill Casino and Resort. However, investors may want to evaluate the risks associated with OTC market trading and the cyclical nature of the aerospace industry.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.30 billion reflects its size within the aerospace and defense industry.
- P/E ratio of 12.06 indicates a potentially reasonable valuation compared to earnings.
- Profit margin of 21.4% showcases efficient operations and profitability.
- Gross margin of 51.0% suggests strong pricing power and cost management.
- Beta of 0.20 indicates low volatility compared to the broader market.
Competitors & Peers
Strengths
- Diversified revenue streams through aerospace and gaming segments.
- Specialized expertise in aircraft modifications and avionics.
- Established relationships with aircraft manufacturers and operators.
- High gross margin of 51.0%.
Weaknesses
- OTC market listing may limit access to capital.
- Dependence on cyclical aerospace industry.
- Limited brand recognition compared to larger competitors.
- Geographic concentration of gaming operations in Kansas.
Catalysts
- Upcoming: Potential new government contracts for aerospace products and services.
- Ongoing: Expansion of aerospace product offerings into new markets.
- Ongoing: Increased traffic and revenue at Boot Hill Casino and Resort.
- Upcoming: Strategic acquisitions to expand product portfolio and geographic reach.
- Ongoing: Development of new technologies in the aerospace sector.
Risks
- Potential: Economic downturn impacting aerospace and gaming industries.
- Ongoing: Increased competition from larger aerospace and defense companies.
- Potential: Changes in aviation regulations and standards.
- Ongoing: Fluctuations in commodity prices affecting manufacturing costs.
- Ongoing: Limited liquidity due to OTC market listing.
Growth Opportunities
- Expansion of Aerospace Product Offerings: Butler National can capitalize on the growing demand for aircraft modifications and upgrades, particularly in specialized areas such as ISR and military applications. The market for aircraft modification is projected to reach several billion dollars by 2030, offering a substantial growth opportunity. Timeline: Ongoing.
- Increased Traffic at Boot Hill Casino and Resort: The company can attract more visitors to its gaming facility through targeted marketing campaigns, enhanced entertainment options, and strategic partnerships. The gaming market in Kansas is expected to grow steadily, providing a favorable environment for revenue growth. Timeline: Ongoing.
- Strategic Acquisitions: Butler National can pursue strategic acquisitions to expand its product portfolio, geographic reach, and customer base. This could involve acquiring companies specializing in avionics, aircraft components, or gaming technologies. Timeline: 2-3 years.
- Development of New Technologies: Investing in research and development to create innovative aerospace products and services can provide a competitive edge and drive long-term growth. This could include developing advanced avionics systems, fuel-efficient aircraft modifications, or cybersecurity solutions for military aircraft. Timeline: 3-5 years.
- Government Contracts: Securing additional government contracts for aerospace products and services can provide a stable revenue stream and enhance the company's reputation. This could involve bidding on contracts for aircraft maintenance, upgrades, or new technology development. Timeline: Ongoing.
Opportunities
- Expansion of aerospace product offerings into new markets.
- Increased traffic and revenue at Boot Hill Casino and Resort.
- Strategic acquisitions to expand product portfolio and geographic reach.
- Securing additional government contracts for aerospace products and services.
Threats
- Economic downturn impacting aerospace and gaming industries.
- Increased competition from larger aerospace and defense companies.
- Changes in aviation regulations and standards.
- Fluctuations in commodity prices affecting manufacturing costs.
Competitive Advantages
- Specialized Expertise: Deep technical knowledge in aircraft modifications and avionics systems.
- Established Relationships: Long-standing relationships with aircraft manufacturers and operators.
- Diversified Revenue Streams: Revenue generated from both aerospace products and professional services.
- Regulatory Compliance: Adherence to stringent aviation regulations and standards.
About BUKS
Butler National Corporation, established in 1960 and headquartered in Olathe, Kansas, operates as a diversified industrial company with two primary segments: Aerospace Products and Professional Services. The Aerospace Products segment focuses on designing, engineering, manufacturing, and servicing a wide array of aerostructures, aircraft components, avionics, and related systems. This includes aircraft modifications such as passenger-to-freighter conversions, radar system integrations, and intelligence surveillance reconnaissance (ISR) modifications for aircraft like Learjets, Beechcrafts, Cessnas, and Dassault Falcons. The segment also manufactures electronics upgrades for classic weapon control systems used on military aircraft and vehicles. The Professional Services segment manages the Boot Hill Casino and Resort in Dodge City, Kansas, offering gaming, dining, and entertainment facilities. Additionally, this segment provides architectural and engineering services for commercial and industrial buildings. Butler National also engages in acquiring, refurbishing, and selling airplanes, primarily Learjets, catering to owners and operators of various aircraft types, from single-engine to military aircraft.
What They Do
- Designs, engineers, manufactures, and services aerostructures and aircraft components.
- Provides aircraft modifications, including passenger-to-freighter conversions.
- Manufactures electronics upgrades for classic weapon control systems.
- Sells, installs, and repairs avionics equipment.
- Manages Boot Hill Casino and Resort.
- Provides architectural and engineering services.
- Acquires, refurbishes, and sells airplanes, primarily Learjets.
Business Model
- Aerospace Products: Generates revenue through the sale of aircraft modifications, avionics equipment, and related services.
- Professional Services: Earns revenue from the management of Boot Hill Casino and Resort, as well as architectural and engineering services.
- Aircraft Sales: Profits from the acquisition, refurbishment, and sale of airplanes.
Industry Context
Butler National Corporation operates within the aerospace and defense industry, which is characterized by technological advancements, stringent regulations, and cyclical demand. The company also participates in the gaming industry through its management of Boot Hill Casino and Resort. Key trends include increasing demand for aircraft modifications and upgrades, as well as evolving consumer preferences in the gaming sector. Competitors include companies like AFGYF (Unknown), ARTGF (Unknown), AUUMF (Unknown), DBMG (Unknown), and ECELF (Unknown).
Key Customers
- Owners and operators of single-engine aircraft.
- Commercial airlines.
- Regional airlines.
- Business aircraft operators.
- Military aircraft operators.
Financials
Chart & Info
Butler National Corporation (BUKS) stock price: Price data unavailable
Latest News
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Butler National Q3 Earnings Call Highlights
Yahoo! Finance: BUKS News · Mar 13, 2026
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Butler National Corporation (BUKS) Q3 2026 Earnings Call Transcript
seekingalpha.com · Mar 13, 2026
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BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS
prnewswire.com · Mar 12, 2026
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Comparing EVE (NYSE:EVEX) & Butler National (OTCMKTS:BUKS)
defenseworld.net · Feb 8, 2026
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BUKS.
Price Targets
Wall Street price target analysis for BUKS.
MoonshotScore
What does this score mean?
The MoonshotScore rates BUKS's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Butler National Q3 Earnings Call Highlights
Butler National Corporation (BUKS) Q3 2026 Earnings Call Transcript
BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS
Comparing EVE (NYSE:EVEX) & Butler National (OTCMKTS:BUKS)
Leadership: Christopher J. Reedy
Unknown
Information about Christopher J. Reedy's background is not available in the provided data. Further research would be needed to provide a comprehensive profile including his career history, education, and previous roles.
Track Record: Information about Christopher J. Reedy's track record is not available in the provided data. Further research would be needed to provide details on his key achievements, strategic decisions, and company milestones under his leadership.
BUKS OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that the company may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, and trading activity can be sporadic. Investing in OTC Other stocks carries higher risks compared to stocks listed on major exchanges like NYSE or NASDAQ due to less stringent regulatory oversight and reporting requirements.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Liquidity: OTC stocks often have lower trading volumes, making it difficult to buy or sell shares quickly without affecting the price.
- Information Asymmetry: Reduced financial reporting requirements can lead to less transparency and greater information asymmetry.
- Price Volatility: OTC stocks can be more volatile due to lower trading volumes and potential for manipulation.
- Regulatory Oversight: Less stringent regulatory oversight increases the risk of fraud and other illegal activities.
- Going Concern Risk: Companies trading on the OTC Other tier may have financial difficulties or face going concern issues.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's capital structure and debt levels.
- Check for any legal or regulatory issues.
- Monitor trading volume and price volatility.
- Consult with a financial advisor.
- Long Operating History: Butler National Corporation has been incorporated since 1960, suggesting a degree of stability.
- Audited Financials: Verify if the company provides audited financial statements.
- Positive Gross Margin: A gross margin of 51.0% indicates a potentially viable business model.
- Profit Margin: A profit margin of 21.4% indicates profitability.
Butler National Corporation Stock: Key Questions Answered
What does Butler National Corporation do?
Butler National Corporation operates through two segments: Aerospace Products and Professional Services. The Aerospace Products segment focuses on aircraft modifications, avionics upgrades, and manufacturing components for military and commercial aircraft. The Professional Services segment manages the Boot Hill Casino and Resort and provides architectural and engineering services. This diversified approach allows BUKS to serve both the aviation industry and the entertainment sector.
What do analysts say about BUKS stock?
AI analysis is currently pending for BUKS. However, key metrics to consider include the company's P/E ratio of 12.06, profit margin of 21.4%, and gross margin of 51.0%. Investors should also monitor the company's growth opportunities in the aerospace and gaming sectors, as well as the risks associated with OTC market trading. Further analyst coverage is needed for a comprehensive assessment.
What are the main risks for BUKS?
The main risks for Butler National Corporation include its listing on the OTC market, which can result in limited liquidity and increased price volatility. The company is also subject to cyclical demand in the aerospace industry and faces competition from larger aerospace and defense companies. Additionally, changes in aviation regulations and fluctuations in commodity prices can impact profitability.
What are the key factors to evaluate for BUKS?
Butler National Corporation (BUKS) currently holds an AI score of 50/100, indicating moderate score. Key strength: Diversified revenue streams through aerospace and gaming segments.. Primary risk to monitor: Potential: Economic downturn impacting aerospace and gaming industries.. This is not financial advice.
How frequently does BUKS data refresh on this page?
BUKS prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven BUKS's recent stock price performance?
Recent price movement in Butler National Corporation (BUKS) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Diversified revenue streams through aerospace and gaming segments.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider BUKS overvalued or undervalued right now?
Determining whether Butler National Corporation (BUKS) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying BUKS?
Before investing in Butler National Corporation (BUKS), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- AI analysis is pending for BUKS, which may provide additional insights.