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National Presto Industries NPK Defense — Goodwill Impairment

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Other financials

Income statement

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Revenue$118.6M+14.5%
Net income$6.6M-12.9%

Balance sheet

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Cash & equivalents$6.5M+537%
Total debt$9.3M-5.1%
Total equity$395.2M+7.2%
Total assets$469.3M+3.1%

Cash flow

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Operating cash flow$31.3M+152%
CapEx$2.0M-91.5%
Free cash flow$29.4M+379%

Valuation

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Market cap$988.84M+38.3%
Enterprise value$991.66M+37.2%
P/E30.8×+13.6×
P/S1.9×+0.3×

Profitability

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Gross margin24.3%
Operating margin16%
Net margin6.2%-4.0pp
FCF margin-12.6%+6.5pp

Returns & leverage

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Return on equity8.4%-3.7pp
Debt / equity0.0×
Current ratio5.9×+1.3×

Where this comes from

Reported directly by National Presto Industries in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: National Presto Industries’s 10-K, filed March 13, 2026.

Filed
Mar 13, 2026, 4:03 PM EDT
Fiscal year
FY2025
Accession
0001437749-26-008214

The Company's goodwill was $19,433,000 as of December 31, 2025 and 2024, all of which related to the Defense segment, $7,948,000 of which is non-deductible for income tax purposes. There have been no additions or impairments recognized for goodwill in the Defense segment for the years then ended.

ITEM 9C. DISCLOSURES REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

FAQ

What is National Presto Industries's defense — goodwill impairment?
National Presto Industries (NPK) reported defense — goodwill impairment of $0 in Q4 2025.
What does defense — goodwill impairment mean?
This represents the reduction in the carrying value of goodwill when its fair value falls below its recorded amount within the defense segment. It serves as a critical signal of declining business performance, loss of government contracts, or overpayment for previous acquisitions. A non-zero value indicates that the segment's long-term economic outlook has deteriorated.

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