Recent News
July 7, 2026: The company filed an 8-K disclosing the immediate termination of Cory Nickel, Senior Vice President and General Manager. July 20, 2026: Park Aerospace issued a results release for its first fiscal quarter. July 21, 2026: The company announced the passing of Vice President and Corporate Controller Daniel McNamara (July 19). August 13, 2026: Park announced the election of Constantine “Gus” Petropoulos to a senior leadership role. September 8–9, 2026: The board declared a quarterly cash dividend of $0.125 per share and announced the appointment of Dhivakar J. Kumar as Vice President of Operations and Product Development.
Technical Analysis
ADX at 15.58 indicates no prevailing trend, which tempers directional conviction despite conflicting readings from other indicators; given the WMDST valuation of over-valued, that lack of trend increases the probability of a range-bound period in the near term.
Directional indicators show short-term bullishness: DI+ registered a dip-and-reversal at 19.94 while DI- registered a decreasing value at 25.19; both characteristics point toward renewed positive directional pressure, but the ADX reading limits the strength of any follow-through.
MACD sits negative at -1.01 with a declining MACD trend and a signal line at -0.73, a configuration that signals bearish momentum and suggests the current price lacks strong upward momentum despite DI signals.
MRO reads 3.41 (positive), indicating price currently sits above the model target and therefore carries a likelihood of reverting lower; this condition provides a technical headwind to upside continuation while the indicator stabilizes.
RSI at 45.19 on a decreasing trajectory signals mild bearish momentum without entering oversold territory, aligning with a consolidation scenario rather than an immediate directional move.
Price relationships add nuance: the close at $30.71 remains above the 200‑day average ($29.38) but below the 50‑day average ($34.59) and below short EMAs (12‑day EMA decreasing at $32.10), implying longer-term support exists while short-term pressure persists. The close sits slightly below the lower Bollinger 1x band ($31.08), suggesting short-term softening that may attract mean-reverting action, not a sustained breakout.
Fundamental Analysis
Revenue: total revenue at $18,312,000 with reported revenue growth YoY of 167.33% and a headline revenue growth rate of -24.29%; quarter-over-quarter revenue growth registered -161.43%, reflecting large period-to-period variability that requires context from management disclosure.
Profitability: gross margin stands at 34.82% and operating (EBIT) margin at 21.93%. The EBIT margin of 21.93% sits above the industry peer mean of 13.93% and above the industry peer median of 12.22%, indicating superior margin performance versus peers where comparable data exist.
Earnings: reported EPS of $0.17 exceeded the $0.14 estimate, producing an EPS surprise ratio of 21.43%, which supports near-term fidelity of reported operating results and underscores margin conversion into the bottom line this quarter.
Cash and balance-sheet strength: cash of $80,481,000 and cash & short-term investments of $89,407,000 produce a cash ratio of 12.54x and a current ratio near 15.29x, signifying substantial liquidity relative to near-term obligations. Total debt remains negligible at $307,000, yielding a debt-to-assets ratio of 0.21% and debt-to-equity of 0.23%.
Capital efficiency and returns: asset turnover at 0.1278 remains below the industry peer mean of 0.19172, while return on equity registers 2.70% and return on assets 2.47%, both up materially YoY but still modest in absolute terms. Operating leverage (0.517) and interest coverage above 12x reflect operating stability and low financial risk.
Valuation: P/E at 195.29 stands well above the industry peer mean of 115.09 and median of 83.55, while P/B at 5.29 sits below the industry peer mean of 7.79 and slightly below the median of 5.65. PS at 37.85 exceeds the industry peer mean of 17.58. The current valuation as determined by WMDST: over‑valued; the mix of high multiples and ample cash suggests that market prices incorporate growth and strategic optionality that fundamentals only partially justify today.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-05-31 |
| REPORT DATE: | 2026-07-20 |
| NEXT REPORT DATE: | 2026-10-19 |
| CASH FLOW | Begin Period Cash Flow | $ 78.5 M |
| Operating Cash Flow | $ 2.7 M | |
| Capital Expenditures | $ -113.00 K | |
| Change In Working Capital | $ -1.28 M | |
| Dividends Paid | $ -2.61 M | |
| Cash Flow Delta | $ 2.0 M | |
| End Period Cash Flow | $ 80.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 18.3 M | |
| Forward Revenue | $ 3.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 11.9 M | |
| Depreciation | $ 469.0 K | |
| Depreciation and Amortization | $ 469.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 14.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 6.4 M | |
| EBITDA | $ 4.5 M | |
| EBIT | $ 4.0 M | |
| Operating Income | $ 4.0 M | |
| Interest Income | $ 786.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 786.0 K | |
| Income Before Tax | $ 4.8 M | |
| Tax Provision | $ 1.3 M | |
| Tax Rate | 26.4 % | |
| Net Income | $ 3.5 M | |
| Net Income From Continuing Operations | $ 3.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.14 | |
| EPS Actual | $ 0.17 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 21.429 % | |
| Forward EPS | $ 0.13 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 144.4 M | |
| Intangible Assets | $ 9.8 M | |
| Net Tangible Assets | $ 121.2 M | |
| Total Current Assets | $ 109.0 M | |
| Cash and Short-Term Investments | $ 89.4 M | |
| Cash | $ 80.5 M | |
| Net Receivables | $ 10.8 M | |
| Inventory | $ 7.8 M | |
| Long-Term Investments | $ 3.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 3.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 7.1 M | |
| Net Debt | — | |
| Total Debt | $ 307.0 K | |
| Total Liabilities | $ 13.4 M | |
| EQUITY | ||
| Total Equity | $ 131.0 M | |
| Retained Earnings | $ -47.31 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.27 | |
| Shares Outstanding | 20.878 M | |
| Revenue Per-Share | $ 0.88 | |
| VALUATION | Market Capitalization | $ 693.1 M |
| Enterprise Value | $ 604.0 M | |
| Enterprise Multiple | 134.706 | |
| Enterprise Multiple QoQ | 19.732 % | |
| Enterprise Multiple YoY | 43.213 % | |
| Enterprise Multiple IPRWA | high: 142.715 PKE: 134.706 mean: 76.352 median: 60.489 low: -229.484 |
|
| EV/R | 32.985 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.102 | |
| Asset To Liability | 10.806 | |
| Debt To Capital | 0.002 | |
| Debt To Assets | 0.002 | |
| Debt To Assets QoQ | -4.484 % | |
| Debt To Assets YoY | -26.042 % | |
| Debt To Assets IPRWA | high: 0.827 median: 0.262 mean: 0.24 PKE: 0.002 low: 0.0 |
|
| Debt To Equity | 0.002 | |
| Debt To Equity QoQ | -4.098 % | |
| Debt To Equity YoY | -29.518 % | |
| Debt To Equity IPRWA | high: 1.781 median: 0.542 mean: 0.523 PKE: 0.002 low: -0.692 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.291 | |
| Price To Book QoQ | 4.373 % | |
| Price To Book YoY | 65.448 % | |
| Price To Book IPRWA | high: 18.805 mean: 7.79 median: 5.646 PKE: 5.291 low: -7.078 |
|
| Price To Earnings (P/E) | 195.288 | |
| Price To Earnings QoQ | 0.0 % | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | high: 260.858 PKE: 195.288 mean: 115.087 median: 83.549 low: -288.204 |
|
| PE/G Ratio | — | |
| Price To Sales (P/S) | 37.851 | |
| Price To Sales QoQ | 38.968 % | |
| Price To Sales YoY | 73.666 % | |
| Price To Sales IPRWA | high: 55.065 PKE: 37.851 mean: 17.582 median: 13.083 low: 1.151 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 245.549 | |
| Forward PE/G | — | |
| Forward P/S | 200.947 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.517 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.128 | |
| Asset Turnover Ratio QoQ | -31.224 % | |
| Asset Turnover Ratio YoY | 0.757 % | |
| Asset Turnover Ratio IPRWA | high: 0.443 median: 0.194 mean: 0.192 PKE: 0.128 low: 0.0 |
|
| Receivables Turnover | 1.679 | |
| Receivables Turnover Ratio QoQ | -19.775 % | |
| Receivables Turnover Ratio YoY | 40.93 % | |
| Receivables Turnover Ratio IPRWA | high: 5.283 mean: 2.576 median: 2.492 PKE: 1.679 low: 0.05 |
|
| Inventory Turnover | 1.569 | |
| Inventory Turnover Ratio QoQ | -31.564 % | |
| Inventory Turnover Ratio YoY | 2.661 % | |
| Inventory Turnover Ratio IPRWA | high: 6.112 mean: 2.025 PKE: 1.569 median: 1.063 low: 0.234 |
|
| Days Sales Outstanding (DSO) | 54.355 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 75.584 | |
| Cash Conversion Cycle Days QoQ | -0.505 % | |
| Cash Conversion Cycle Days YoY | -33.549 % | |
| Cash Conversion Cycle Days IPRWA | high: 511.204 mean: 89.523 median: 87.234 PKE: 75.584 low: -101.801 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.18 | |
| CapEx To Revenue | -0.006 | |
| CapEx To Depreciation | -0.241 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 131.0 M | |
| Net Invested Capital | $ 131.0 M | |
| Invested Capital | $ 131.0 M | |
| Net Tangible Assets | $ 121.2 M | |
| Net Working Capital | $ 101.9 M | |
| LIQUIDITY | ||
| Cash Ratio | 12.538 | |
| Current Ratio | 15.292 | |
| Current Ratio QoQ | -16.172 % | |
| Current Ratio YoY | 77.348 % | |
| Current Ratio IPRWA | PKE: 15.292 high: 13.704 mean: 2.149 median: 1.624 low: 0.04 |
|
| Quick Ratio | 14.198 | |
| Quick Ratio QoQ | -16.472 % | |
| Quick Ratio YoY | 78.483 % | |
| Quick Ratio IPRWA | PKE: 14.198 high: 5.145 mean: 1.496 median: 1.035 low: 0.311 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.068 | |
| Cost Of Debt | 76.419 % | |
| Interest Coverage Ratio | 12.392 | |
| Interest Coverage Ratio QoQ | -12.565 % | |
| Interest Coverage Ratio YoY | 65.978 % | |
| Interest Coverage Ratio IPRWA | high: 107.0 PKE: 12.392 median: 9.188 mean: 6.905 low: -113.072 |
|
| Operating Cash Flow Ratio | 0.5 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 19.002 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.354 | |
| Dividend Payout Ratio | 0.738 | |
| Dividend Rate | $ 0.12 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.495 % | |
| Revenue Growth | -24.29 % | |
| Revenue Growth QoQ | -161.427 % | |
| Revenue Growth YoY | 167.334 % | |
| Revenue Growth IPRWA | high: 91.69 % median: 10.07 % mean: 10.046 % PKE: -24.29 % low: -43.588 % |
|
| Earnings Growth | 0.0 % | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | high: 187.5 % mean: 18.22 % median: 11.013 % PKE: 0.0 % low: -157.143 % |
|
| MARGINS | ||
| Gross Margin | 34.819 % | |
| Gross Margin QoQ | 21.439 % | |
| Gross Margin YoY | 13.654 % | |
| Gross Margin IPRWA | high: 84.546 % PKE: 34.819 % mean: 28.542 % median: 25.54 % low: 10.881 % |
|
| EBIT Margin | 21.926 % | |
| EBIT Margin QoQ | 15.491 % | |
| EBIT Margin YoY | 39.585 % | |
| EBIT Margin IPRWA | high: 44.765 % PKE: 21.926 % mean: 13.934 % median: 12.22 % low: -208.7 % |
|
| Return On Sales (ROS) | 21.926 % | |
| Return On Sales QoQ | 15.491 % | |
| Return On Sales YoY | 39.585 % | |
| Return On Sales IPRWA | high: 45.494 % PKE: 21.926 % mean: 13.302 % median: 12.356 % low: -208.7 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 2.6 M | |
| Free Cash Flow Yield | 0.376 % | |
| Free Cash Flow Yield QoQ | -61.197 % | |
| Free Cash Flow Yield YoY | 13.939 % | |
| Free Cash Flow Yield IPRWA | high: 2.502 % median: 0.936 % mean: 0.918 % PKE: 0.376 % low: -10.698 % |
|
| Free Cash Growth | -59.151 % | |
| Free Cash Growth QoQ | -219.591 % | |
| Free Cash Growth YoY | -125.931 % | |
| Free Cash Growth IPRWA | high: 260.942 % median: -15.676 % mean: -56.85 % PKE: -59.151 % low: -497.423 % |
|
| Free Cash To Net Income | 0.738 | |
| Cash Flow Margin | 19.479 % | |
| Cash Flow To Earnings | 1.01 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.466 % | |
| Return On Assets QoQ | -16.378 % | |
| Return On Assets YoY | 43.958 % | |
| Return On Assets IPRWA | high: 4.65 % PKE: 2.466 % median: 2.065 % mean: 1.863 % low: -13.603 % |
|
| Return On Capital Employed (ROCE) | 2.926 % | |
| Return On Equity (ROE) | 0.027 | |
| Return On Equity QoQ | -8.669 % | |
| Return On Equity YoY | 36.075 % | |
| Return On Equity IPRWA | high: 0.209 mean: 0.058 median: 0.043 PKE: 0.027 low: -0.183 |
|
| DuPont ROE | 2.708 % | |
| Return On Invested Capital (ROIC) | 2.255 % | |
| Return On Invested Capital QoQ | -16.077 % | |
| Return On Invested Capital YoY | 30.498 % | |
| Return On Invested Capital IPRWA | high: 7.369 % median: 3.852 % mean: 3.642 % PKE: 2.255 % low: -17.837 % |
|