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Butler NationalBUKS -3.85%74 ROA % is 15.71% as of Apr. 2026, which is 118% above its 10-year median of 7.21. GuruFocus rates BUKS with a GF Score™ of 74/100 and a GF Value™ of $1.89 (Significantly Overvalued). Among 360 Aerospace & Defense companies, Butler National ranks better than 95.28% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Butler National's annualizedNet Income for the quarter that ended in Apr. 2026 was $22.22 Mil.
Butler National's average Total Assets over the quarter that ended in Apr. 2026 was $141.41 Mil. Therefore, Butler National's annualized ROA % for the quarter that ended in Apr. 2026 was 15.71%.
The historical rank and industry rank for Butler National's ROA % or its related term are showing as below:
BUKS'
s ROA % Range Over the Past 10 Years
Min: 0.81 Med: 7.21 Max: 16.54
Current: 16.5
During the past 13 years, Butler National's highest ROA % was 16.54%. The lowest was 0.81%. And the median was 7.21%.
BUKS's ROA % is ranked better than 95.28% of 360
companies
in the Aerospace & Defense industry
Industry Median: 2.78
vs BUKS: 16.50
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Butler National ROA % Related Terms
Butler National ROA % Historical Data
* Premium members only.
The historical data trend for Butler National's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aerospace & Defense subindustry, Butler National's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Butler National ROA % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Butler National's ROA % distribution charts can be found below:
* The bar in red indicates where Butler National's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Butler National (BUKS) has a ROA % of 15.71% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Butler National and its competitors. This is 118% above median its historical median of 7.21. Over the past decade, Butler National's ROA % has ranged from 0.81 to 16.54. According to the industry distribution chart, Butler National ranks #17 out of 360 companies in the Aerospace & Defense industry, placing it in the top 4.7%.
Is Butler National's ROA % too high?
Butler National's current ROA % of 15.71% is 118% above median its 10-year median of 7.21. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 16.54. The Aerospace & Defense industry median ROA % is 2.78. Butler National's value of 15.71% is 465.1% above this industry median. Based on the distribution chart, Butler National ranks #17 out of 360 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Butler National has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Butler National's ROA % compare to SPCE and MRLN?
According to the Aerospace & Defense industry distribution chart, Butler National ranks #17 out of 360 companies for ROA %. This places Butler National in the top 5% of its industry — outperforming the majority of peers. The industry median ROA % is 2.78. Butler National's value of 15.71% is 465.1% above this benchmark. Historically, Butler National's own ROA % has ranged from 0.81 to 16.54 over the past decade. While the company's 10-year median is 7.21 vs. the industry median of 2.78, Butler National has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Aerospace & Defense company?
The median ROA % among Aerospace & Defense companies is 2.78, based on 360 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Butler National's current ROA % of 15.71% is 465.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Butler National and its competitors. For the Aerospace & Defense industry, the median ROA % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Butler National's current ROA % is 15.71%, which is 118% above median its own 10-year median of 7.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Butler National stock overvalued right now?
Based on GuruFocus' analysis, Butler National (BUKS) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.89, compared to a current price of $4.25 — trading 124.9% above its estimated fair value. The current ROA % is 15.71%, which is 118% above median its 10-year median of 7.21 and 465.1% above the Aerospace & Defense industry median of 2.78. Butler National's overall GF Score™ is 74/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Butler National (BUKS), the current ROA % is 15.71% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Butler National (BUKS) Overvalued in 2026?
Based on GuruFocus' analysis, Butler National stock appears to be overvalued.
The current stock price of $4.25 is trading 124.9% above its estimated GF Value™ of $1.89.
GuruFocus considers Butler National to be Significantly Overvalued.
Key valuation signals for BUKS:
ROA %: 15.71% (118% above median its 10-year median of 7.21)
GF Value™: $1.89 vs. price of $4.25 (124.9% above fair value)
Industry Position: 465.1% above the Aerospace & Defense median (#17 of 360)
No single metric tells the full story. See the BUKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Butler National Corp is involved in the design, engineering, manufacturing, selling, integrating, installing, repairing, modifying, overhauling, servicing, and distributing portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems (Aerospace Products). The group serves the aviation industry, including owners of aircraft and contractors involved with private, commercial, business, and government aircraft operations. It also serves commercial weapon manufacturers and suppliers to governments and their agencies. The company has two operating segments: Professional Services and Aerospace Products. Its main source of revenue comes from the Aerospace Products segment. It operates in North America, Europe, Asia, Australia, and other geographical regions.
74GF Score
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