National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use.3 Its shares trade on NYSE under the symbol NPK.1Wikipedia text CC BY-SA 4.0
National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue91011128$503.5M in 2025+63% since 2019Gross profit91011128$80.3M in 2025+12% since 2019Operating income91011128$40.2M in 2025−13% since 2019Net income91011128$33.1M in 2025−22% since 2019
Revenue81314$146.6M in Q2 FY2026−11% since Q4 FY2025Gross profit81314$28.5M in Q2 FY2026+3% since Q4 FY2025Operating income1314$19.4M in Q2 FY2026+142% since Q1 FY2026Net income81314$15.9M in Q2 FY2026+6% since Q4 FY2025
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.8
Period ending
2025-12-31
2024-12-31
2023-12-31
Net sales
$503.5M
$388.2M
$340.9M
Cost of sales
$423.2M
$309.7M
$273.5M
Gross profit
$80.3M
$78.6M
$67.5M
Selling and general expenses
$35.9M
$31.8M
$30.8M
Intangibles amortization
$1.5M
$1.5M
$1.6M
Loss on impairment of vendor deposit
$2.7M
$0
$0
Operating profit
$40.2M
$45.2M
$35.0M
Other income
$1.9M
$5.5M
$7.4M
Earnings before provision for income taxes
$42.1M
$50.7M
$42.4M
Provision for income taxes
$9.0M
$9.2M
$7.9M
Net earnings
$33.1M
$41.5M
$34.6M
Basic and diluted (in shares)
7.1M shares
7.1M shares
7.1M shares
Net earnings per share (in dollars per share)
$4.63
$5.82
$4.86
Unrealized gain (loss) on available-for-sale securities, net of tax
-$29.0K
$13.0K
$125.0K
Comprehensive income
$33.1M
$41.5M
$34.7M
Period ending
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
Net sales
$164.0M
$115.5M
$120.4M
$103.6M
$134.7M
$91.8M
$85.1M
$76.7M
Gross profit
$27.7M
$16.0M
$18.5M
$18.1M
$32.8M
$17.2M
$14.7M
$13.9M
Net earnings
$15.0M
$5.3M
$5.2M
$7.6M
$20.7M
$8.1M
$6.1M
$6.6M
Net earnings per share (in dollars per share)
$2.10
$0.74
$0.72
$1.07
$2.92
$1.13
$0.85
$0.92
Total assets91011128$500.7M in 2025+22% since 2019Total liabilities1591011128$105.6M in 2025+150% since 2019Shareholders’ equity1011128$395.1M in 2025+7% since 2019Cash1591011128$3.3M in 2025−96% since 2019
Total assets1413$498.6M in Q2 FY2026−0% since Q2 FY2025Total liabilities1413$87.3M in Q2 FY2026−17% since Q2 FY2025Shareholders’ equity1413$411.3M in Q2 FY2026+4% since Q2 FY2025Cash1413$15.8M in Q2 FY2026+386% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$3.3M
$17.7M
Marketable securities
$503.0K
$5.0M
Accounts receivable
$85.3M
$62.5M
Less allowance for doubtful accounts
$243.0K
$217.0K
Accounts receivable, net
$85.0M
$62.3M
Finished goods
$32.3M
$38.4M
Work in process
$249.7M
$219.2M
Raw materials and supplies
$25.0M
$20.5M
Inventory, net
$307.0M
$278.0M
Notes receivable, current
$208.0K
$600.0K
Income tax receivable
$4.0M
$0
Other current assets
$3.1M
$3.1M
Total current assets
$403.1M
$366.7M
Land and land improvements
$4.4M
$3.6M
Buildings
$80.7M
$57.6M
Machinery and equipment
$53.4M
$53.3M
Property, Plant and Equipment, Gross
$138.5M
$114.5M
Less allowance for depreciation and amortization
$74.6M
$71.3M
Property, plant, and equipment, net
$63.9M
$43.2M
GOODWILL
$19.4M
$19.4M
INTANGIBLE ASSETS, net
$2.3M
$3.8M
RIGHT-OF-USE LEASE ASSETS
$9.4M
$10.0M
DEFERRED INCOME TAXES
$2.6M
$10.3M
Assets, total
$500.7M
$453.4M
Accounts payable
$46.0M
$44.6M
Line of credit
$23.6M
$0
Federal and state income taxes
$0
$4.7M
Lease liabilities
$516.0K
$564.0K
Accrued Liabilities, Current
$24.9M
$24.6M
Total current liabilities
$95.0M
$74.4M
LEASE LIABILITIES - NON-CURRENT
$8.9M
$9.4M
FEDERAL AND STATE INCOME TAXES - NON-CURRENT
$1.7M
$1.9M
Total liabilities
$105.6M
$85.8M
Common stock, $1 par value: Authorized: 12,000,000 shares at December 31, 2025 and 2024 Issued: 7,440,518 shares at December 31, 2025 and 2024 Outstanding: 7,123,116 and 7,105,595 shares at December 31, 2025 and 2024, respectively
$7.4M
$7.4M
Paid-in capital
$18.4M
$17.3M
Retained earnings
$379.6M
$353.7M
Accumulated other comprehensive income
$6.0K
$35.0K
Stockholders' Equity before Treasury Stock
$405.5M
$378.4M
Less treasury stock, at cost, 316,801 and 334,923 shares at December 31, 2025 and 2024, respectively
$10.3M
$10.8M
Total stockholders' equity
$395.1M
$367.6M
$356.3M
$348.1M
Liabilities and Equity
$500.7M
$453.4M
Common stock, par value (in dollars per share)
$1.00
$1.00
Common stock, shares authorized (in shares)
12.0M shares
12.0M shares
Common stock, shares issued (in shares)
7.4M shares
7.4M shares
Common stock, shares outstanding (in shares)
7.1M shares
7.1M shares
Treasury stock, shares (in shares)
316.8K shares
334.9K shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$3.3M
$17.7M
Marketable securities
$503.0K
$5.0M
Accounts receivable
$85.3M
$62.5M
Less allowance for doubtful accounts
$243.0K
$217.0K
Accounts receivable, net
$85.0M
$62.3M
Finished goods
$32.3M
$38.4M
Work in process
$249.7M
$219.2M
Raw materials and supplies
$25.0M
$20.5M
Inventory, net
$307.0M
$278.0M
Notes receivable, current
$208.0K
$600.0K
Income tax receivable
$4.0M
$0
Other current assets
$3.1M
$3.1M
Total current assets
$403.1M
$366.7M
Land and land improvements
$4.4M
$3.6M
Buildings
$80.7M
$57.6M
Machinery and equipment
$53.4M
$53.3M
Property, Plant and Equipment, Gross
$138.5M
$114.5M
Less allowance for depreciation and amortization
$74.6M
$71.3M
Property, plant, and equipment, net
$63.9M
$43.2M
GOODWILL
$19.4M
$19.4M
INTANGIBLE ASSETS, net
$2.3M
$3.8M
RIGHT-OF-USE LEASE ASSETS
$9.4M
$10.0M
DEFERRED INCOME TAXES
$2.6M
$10.3M
Assets, total
$500.7M
$453.4M
Accounts payable
$46.0M
$44.6M
Line of credit
$23.6M
$0
Federal and state income taxes
$0
$4.7M
Lease liabilities
$516.0K
$564.0K
Accrued Liabilities, Current
$24.9M
$24.6M
Total current liabilities
$95.0M
$74.4M
LEASE LIABILITIES - NON-CURRENT
$8.9M
$9.4M
FEDERAL AND STATE INCOME TAXES - NON-CURRENT
$1.7M
$1.9M
Total liabilities
$105.6M
$85.8M
Common stock, $1 par value: Authorized: 12,000,000 shares at December 31, 2025 and 2024 Issued: 7,440,518 shares at December 31, 2025 and 2024 Outstanding: 7,123,116 and 7,105,595 shares at December 31, 2025 and 2024, respectively
$7.4M
$7.4M
Paid-in capital
$18.4M
$17.3M
Retained earnings
$379.6M
$353.7M
Accumulated other comprehensive income
$6.0K
$35.0K
Stockholders' Equity before Treasury Stock
$405.5M
$378.4M
Less treasury stock, at cost, 316,801 and 334,923 shares at December 31, 2025 and 2024, respectively
$10.3M
$10.8M
Total stockholders' equity
$395.1M
$367.6M
$356.3M
$348.1M
Liabilities and Equity
$500.7M
$453.4M
Common stock, par value (in dollars per share)
$1.00
$1.00
Common stock, shares authorized (in shares)
12.0M shares
12.0M shares
Common stock, shares issued (in shares)
7.4M shares
7.4M shares
Common stock, shares outstanding (in shares)
7.1M shares
7.1M shares
Treasury stock, shares (in shares)
316.8K shares
334.9K shares
Cash from operations91011128-$9.1M in 2025Capital spending91011128$27.0M in 2025+762% since 2019Free cash flow91011128-$36.2M in 2025Dividends paid91011128$7.1M in 2025−83% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
Period ending
2025-12-31
2024-12-31
2023-12-31
Net earnings
$33.1M
$41.5M
$34.6M
Provision for depreciation
$3.6M
$3.5M
$4.4M
Intangibles amortization
$1.5M
$1.5M
$1.6M
Deferred income tax (benefit)
$7.7M
-$4.5M
-$1.2M
Provision for doubtful notes and accounts receivable
$66.0K
-$285.0K
$285.0K
(Gain) loss on disposal of property, plant and equipment
$13.0K
$0
-$7.0K
Loss on impairment of vendor deposit
$2.7M
$0
$0
Noncash retirement plan expense
$1.0M
$904.0K
$863.0K
Gain on sale of subsidiary
-$253.0K
$0
-$351.0K
Other
$230.0K
$856.0K
$591.0K
Accounts receivable, net
-$22.9M
-$13.3M
$20.3M
Inventories
-$29.0M
-$87.6M
-$38.6M
Other assets and current assets
-$28.0K
$2.1M
$2.1M
Accounts payable and accrued liabilities
$1.7M
$390.0K
$18.3M
Federal and state income taxes payable
-$8.6M
$1.5M
$2.5M
Net cash provided by (used in) operating activities
-$9.1M
-$53.4M
$45.4M
Marketable securities purchased
$0
-$5.4M
-$47.7M
Marketable securities - maturities and sales
$4.5M
$26.9M
$46.2M
Purchase of property, plant and equipment
-$27.0M
-$7.5M
-$1.8M
Proceeds from notes receivable
$403.0K
$1.0M
$627.0K
Proceeds from sale of subsidiary
$278.0K
$0
$2.0M
Proceeds from insurance claim
$0
$0
$232.0K
Net cash provided by (used in) investing activities
-$21.9M
$15.0M
-$447.0K
Proceeds from line of credit
$192.6M
$8.0M
$0
Payments on line of credit
-$168.9M
-$8.0M
$0
Dividends paid
-$7.1M
-$32.0M
-$28.4M
Proceeds from sale of treasury stock
$120.0K
$513.0K
$429.0K
Other
$0
-$17.0K
-$40.0K
Net cash provided by (used in) financing activities
$16.6M
-$31.5M
-$28.0M
Net increase (decrease) in cash and cash equivalents
National Presto Industries sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of National Presto Industries
Albion River Management LLCFiled SCHEDULE 13D/A on National Presto Industries, latest Jun 15, 2026 (2 filings since Dec 5, 2025)
VANGUARD GROUP INCFiled SCHEDULE 13G/A on National Presto Industries, latest Mar 27, 2026 (9 filings since Feb 10, 2022)
BlackRockFiled SCHEDULE 13G/A on National Presto Industries, latest Apr 28, 2025 (5 filings since Jan 25, 2022)
DIMENSIONAL FUND ADVISORS LPFiled SCHEDULE 13G/A on National Presto Industries, latest Apr 15, 2025 (2 filings since Oct 31, 2024)
ROYCE & ASSOCIATES LPFiled SC 13G/A on National Presto Industries, latest Feb 1, 2022
National Presto IndustriesEau Claire
Clear Lake, Subsidiary · South Dakota, United States
East Camden, Subsidiary · Arkansas, United States
Eau Claire, Subsidiary · Wisconsin, United States
Mount Horeb, Subsidiary · Wisconsin, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What National Presto Industries reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
The Company's Eau Claire facility is approximately 522,000 square feet, of which approximately 354,000 square feet is leased to Drylock Technologies, Ltd. Rely Innovations, Inc. rents approximately 8,000 square feet of the Eau Claire facility. The Company's corporate office occupies the balance of the space in Eau Claire. During 2018, the Company completed construction of a 30,000 square foot office building adjacent to its Eau Claire facility, which it also leases to Drylock Technologies, Ltd.
The Company's Nettleton facility, which was purchased on January 23, 2025, is approximately 507,000 square feet and will be used principally in the warehousing, distribution, and product service functions of the Housewares/Small Appliance and Safety segments. The Company plans for this facility to replace its two existing warehousing facilities located in Canton and Jackson, Mississippi. The Canton facility contains 255,000 square feet which is used primarily for warehousing and distribution and some activities for product service functions. The facility was sold on February 10, 2026 and subsequently leased back under a short term lease agreement, as the Company transitions all warehousing functions to the Nettleton facility. An additional 72,000 square feet has been leased in adjacent Canton buildings for warehousing. The Jackson facility contains 252,000 square feet, which the Company plans to divest as well.
The rest of Item 2
The Company has Defense segment manufacturing facilities located in Janesville and Antigo, Wisconsin; East Camden, Arkansas; Clear Lake, South Dakota; and Marshall, Texas. The Janesville, Wisconsin facility is comprised of approximately 131,000 square feet. The Antigo, Wisconsin facility is comprised of approximately 212,000 square feet, the East Camden, Arkansas operation leases approximately 384,000 square feet, the Clear Lake, South Dakota facility is comprised of approximately 124,000 square feet which includes the Company's 2021 construction of 10,000 square feet of office space, and the Marshall, Texas facility is comprised of approximately 77,000 square feet.
The Company's Safety segment leases space in Mount Horeb, Wisconsin; Chapel Hill, North Carolina; and Lisle, Illinois. OneEvent Technologies, Inc. leases approximately 4,300 square feet for its operations in Mount Horeb and Rely Innovations, Inc. leases approximately 4,300 and 5,600 square feet for its operations in Chapel Hill, North Carolina and Lisle, Illinois, respectively.
The facilities in use for each of the Company’s business segments are believed to be adequate for their ongoing business needs.
The company is divided into three business segments (divisions), Housewares/Small Appliance; Defense; and Safety. The Housewares/Small Appliance segment "designs and sells small household appliances", including pressure cookers, under the Presto brand. The Defense segment produces ordnance and ammunition products. The Safety Segment consists of two startups. The first is Rusoh, Inc., which designs and markets the Rusoh® Eliminator® fire extinguisher, the first self-service fire extinguisher. The second is OneEvent Technologies, Inc. It offers systems that provide early warning of conditions that could ultimately lead to significant losses.
Having previously divested itself of almost all operations and having closed its defense operations in 1992, the company was a small household appliance seller. In 2001, with the purchase of AMTEC, the company returned to the defense business. In 2007, Presto won, in appeal, against the U.S. Securities and Exchange Commission over investment status. The company does not have to register as a mutual fund.
Feb 21, 2025Reported quarterly or annual results54
Oct 28, 2024Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
164 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 47 major events, 60 insider forms, 20 large holders, 16 other. The latest 20:
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How National Presto Industries is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).16
Risk factors and legal proceedings
The risks National Presto Industries names in Item 1A of its 10-K filed Mar 13, 2026: 18 risks under these headings, as written.16
Increases in the costs for raw materials, energy, transportation and other necessary supplies could adversely affect the results of the Company’s operations.
Reliance on third-party suppliers in Asia makes this segment vulnerable to supply interruptions and foreign business risks.
The Housewares/Small Appliance segment is dependent on key customers, and any significant decline in business from one or more of its key customers could adversely affect the segment’s operating results.
The sales for this segment are highly seasonal and dependent upon the United States retail markets and consumer spending.
The Company may not be successful in developing and introducing new and improved consumer products.
Product recalls or lawsuits relating to defective products could have an adverse effect on the Company, as could the imposition of industry sustainability standards.
The housewares/small appliance industry continues to consolidate, which could ultimately impede the Company’s ability to secure product placement at key customers.
The Company relies primarily on sales to U.S. Government entities, and the failure to procure or the loss of a significant contract or contracts could have a material adverse effect on its results of operations.
A decline in or a redirection of the U.S. defense budget could result in a material decrease in the Defense segment sales and earnings.
The Company may not be able to react to increases in its costs due to the nature of its U.S. Government contracts.
The Company’s U.S. Government contracts are subject to termination.
Failure of the Company’s subcontractors to perform their contractual obligations could materially and adversely impact contract performance.
The other 6 risks
U.S. Government contractors are subject to extensive laws and regulations applicable to the defense industry and the Company could be adversely affected by changes in and compliance with such laws and regulations, or any negative findings by the U.S. government regarding the Company’s compliance with them.
The Safety segment is comprised of businesses that are startup in nature.
Reliance on third-party suppliers in Asia and Mexico makes this segment vulnerable to supply interruptions and foreign business risks.
Regulatory constraints and authorities having jurisdiction has impeded and may continue to impede sales of certain of the segment’s products.
Various products in the Safety segment are reliant upon up-to-date software, hardware, and the wireless communications infrastructure.
The segment may not be successful in developing and introducing new and improved products.
Legal proceedings
See Note I to the Company’s Consolidated Financial Statements.
See Item 1-B-3 of this Form 10-K and Note K to the Consolidated Financial Statements for information regarding certain environmental matters.