$71.23

+2.58 (+3.76%)

Weekly Expected Move ±4.9%

$60 $63 $67 $70 $73

AMEX · Technology · Communication Equipment · Tech Score Sell · Power 44 · $268.5M mcap · 3M float · 1.53% daily turnover · Short 72% of daily vol

Credit Risk of going bust: lower than 89% of companies Debt: 0.5% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.03 (down more than 99.9%), BK Technologies Corporation would be worth roughly what it owes.
Total debt $1.3M against a stock market value of $258.8M.
Distance to default 13.11 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $648K (short-term plus half of long-term), stock volatility 45.4%; Altman Z 9.93. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

63.7 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: 56.3% · 5Y Avg: 286.1%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. BKTI has a Narrow competitive edge (63.7/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Switching Costs. ROIC of 56.3% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 0Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. BKTI receives an overall rating of A-. Strongest factors: ROE (5/5), ROA (5/5), D/E (4/5). Areas of concern: DCF (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-26	B+	A-
2026-08-13	A-	B+
2026-07-01	B+	A-
2026-03-12	C-	B+
2026-03-12	B+	C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 78 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. BKTI scores highest in Safety (100/100) and lowest in Value (37/100). An overall grade of A+ places BKTI among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

12.34

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✓ ✗ ✓ ✓

Beneish M-Score

-3.03

Unlikely Manipulator

Ohlson O-Score

-10.02

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA+

Score: 92.8/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 1.54x

Accruals: -10.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. BKTI scores 12.34, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. BKTI scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. BKTI's score of -3.03 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. BKTI's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. BKTI receives an estimated rating of AA+ (score: 92.8/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). BKTI's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

19.81x

PEG

2.13x

P/S

3.00x

P/B

5.21x

P/FCF

17.61x

P/OCF

16.55x

EV/EBITDA

16.79x

EV/Revenue

3.50x

EV/EBIT

19.21x

EV/FCF

16.15x

Earnings Yield

3.93%

FCF Yield

5.68%

Shareholder Yield

0.38%

Graham Number

$31.33

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 19.8x earnings, BKTI trades at a reasonable valuation. Graham's intrinsic value formula yields $31.33 per share, 127% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.812

NI / EBT

Interest Burden

1.014

EBT / EBIT

EBIT Margin

0.182

EBIT / Rev

Asset Turnover

1.352

Rev / Assets

Equity Multiplier

1.512

Assets / Equity

ROE

30.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. BKTI's ROE of 30.6% is driven by Asset Turnover (1.352), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

10.66%

Fair P/E

29.82x

Intrinsic Value

$100.76

Price/Value

0.85x

Margin of Safety

14.67%

Premium

-14.67%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with BKTI's realized 10.7% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. BKTI trades at a -15% premium to its adjusted intrinsic value of $100.76, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 29.8x compares to the current market P/E of 19.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$71.23

Median 1Y

$47.35

5th Pctile

$7.32

95th Pctile

$306.67

Ann. Volatility

110.6%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
John M. Suzuki Chief Executive Officer and President	$392,442	$—	$3,431,787
Scott A. Malmanger Chief Financial Officer	$287,308	$—	$1,649,511
Branko Avanic Technology nology Officer	$254,153	$—	$368,326

CEO Pay Ratio

26:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $3,431,787

Avg Employee Cost (SGA/emp): $134,522

Employees: 115

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

115

+1.8% YoY

Revenue / Employee

$749,035

Rev: $86,139,000

Profit / Employee

$117,704

NI: $13,536,000

SGA / Employee

$134,522

Avg labor cost proxy

R&D / Employee

$91,913

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-1.2%	-6.0%	-19.7%	-37.9%	-40.5%	-44.1%	-37.5%	-28.8%	-17.6%	-10.8%	-1.4%	13.2%	22.4%	32.7%	36.4%	39.5%	38.7%	36.3%	35.4%	30.6%	30.64%
ROA	-0.8%	-3.8%	-11.8%	-22.2%	-21.5%	-23.4%	-18.3%	-12.4%	-7.1%	-4.5%	-0.6%	5.6%	10.5%	16.6%	18.4%	21.7%	22.9%	23.5%	22.7%	20.3%	20.27%
ROIC	-1.7%	-3.5%	-10.9%	-23.0%	-30.0%	-32.5%	-26.5%	-19.0%	-9.4%	-2.3%	3.5%	14.1%	23.4%	36.9%	41.1%	46.4%	64.1%	57.2%	68.5%	56.3%	56.34%
ROCE	-2.8%	-3.1%	-13.1%	-37.1%	-40.5%	-42.9%	-32.7%	-20.9%	-9.8%	-5.8%	1.4%	11.5%	17.6%	20.8%	23.8%	26.3%	28.6%	30.7%	29.7%	27.9%	27.87%
Gross Margin	32.8%	36.2%	22.4%	14.2%	18.8%	21.7%	26.1%	27.4%	31.9%	35.1%	34.5%	37.3%	38.8%	41.2%	47.0%	47.4%	49.9%	50.5%	51.8%	51.9%	51.86%
Operating Margin	-2.9%	1.8%	-52.3%	-30.4%	-20.1%	-7.7%	-5.3%	-4.1%	3.0%	2.5%	5.4%	10.0%	12.9%	12.3%	15.3%	18.9%	19.8%	19.7%	15.4%	16.4%	16.35%
Net Margin	-20.3%	-2.4%	-59.8%	-35.8%	-20.2%	-4.7%	-6.8%	-7.1%	0.4%	1.8%	3.7%	8.2%	11.7%	20.4%	11.2%	17.7%	14.1%	19.7%	13.0%	13.5%	13.53%
EBITDA Margin	-17.4%	2.7%	-54.4%	-32.7%	-16.8%	-0.6%	-4.0%	-4.1%	3.3%	5.0%	7.6%	12.0%	15.0%	14.6%	17.5%	21.0%	21.9%	21.6%	19.5%	20.3%	20.29%
FCF Margin	-11.2%	-19.2%	-26.2%	-23.5%	-25.3%	-21.1%	-11.3%	-5.9%	-1.1%	-0.6%	-1.9%	2.4%	6.9%	13.9%	17.4%	16.9%	22.3%	21.4%	25.9%	21.7%	21.68%
OCF Margin	-6.3%	-13.9%	-22.2%	-19.9%	-22.0%	-17.7%	-8.2%	-3.1%	2.3%	2.2%	0.4%	4.6%	7.9%	14.9%	18.5%	18.0%	23.8%	22.6%	27.4%	23.1%	23.06%
ROE 3Y Avg	snapshot only																				23.38%
ROE 5Y Avg	snapshot only																				-2.07%
ROA 3Y Avg	snapshot only																				14.57%
ROIC Economic	snapshot only																				25.55%
Cash ROA	snapshot only																				28.37%
Cash ROIC	snapshot only																				89.59%
CROIC	snapshot only																				84.21%
NOPAT Margin	snapshot only																				14.50%
Pretax Margin	snapshot only																				18.48%
R&D / Revenue	snapshot only																				14.77%
SGA / Revenue	snapshot only																				21.66%
SBC / Revenue	snapshot only																				2.08%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	-134.97	-22.70	-8.32	-3.91	-3.68	-4.84	-5.40	-9.43	-12.29	-19.20	-186.00	16.74	16.36	16.16	15.56	15.44	25.75	21.69	21.12	25.45	19.810
P/S Ratio	1.04	0.85	0.95	0.99	0.93	1.11	0.77	0.81	0.55	0.58	0.71	0.61	1.09	1.76	1.97	2.34	4.04	3.41	3.39	3.82	2.999
P/B Ratio	1.35	1.18	1.43	1.84	1.92	2.80	2.55	3.16	2.30	2.01	2.41	1.95	3.14	4.53	4.72	4.99	8.15	6.57	6.27	6.66	5.207
P/FCF	-9.31	-4.43	-3.64	-4.20	-3.67	-5.24	-6.78	-13.72	-51.68	-92.65	-36.34	25.23	15.70	12.70	11.33	13.87	18.12	15.96	13.05	17.61	17.608
P/OCF	—	—	—	—	—	—	—	—	23.80	25.86	166.86	13.32	13.78	11.80	10.66	12.98	16.97	15.11	12.38	16.55	16.551
EV/EBITDA	121.91	167.16	-13.23	-4.78	-4.76	-6.54	-8.08	-17.04	-47.71	-866.93	27.67	9.02	10.27	13.62	12.66	12.84	19.88	15.34	14.62	16.79	16.792
EV/Revenue	0.84	0.73	0.92	1.02	1.01	1.24	0.87	0.89	0.60	0.64	0.78	0.64	1.05	1.69	1.87	2.20	3.79	3.16	3.07	3.50	3.501
EV/EBIT	-33.54	-27.67	-8.96	-4.16	-4.13	-5.70	-6.66	-12.07	-18.37	-28.21	137.57	13.19	13.12	16.58	14.89	14.75	22.39	17.04	16.45	19.21	19.206
EV/FCF	-7.48	-3.80	-3.51	-4.33	-3.99	-5.88	-7.72	-15.18	-56.99	-103.21	-40.37	26.47	15.17	12.15	10.76	13.05	17.00	14.81	11.85	16.15	16.151
Earnings Yield	-0.7%	-4.4%	-12.0%	-25.6%	-27.2%	-20.6%	-18.5%	-10.6%	-8.1%	-5.2%	-0.5%	6.0%	6.1%	6.2%	6.4%	6.5%	3.9%	4.6%	4.7%	3.9%	3.93%
FCF Yield	-10.7%	-22.6%	-27.5%	-23.8%	-27.3%	-19.1%	-14.8%	-7.3%	-1.9%	-1.1%	-2.8%	4.0%	6.4%	7.9%	8.8%	7.2%	5.5%	6.3%	7.7%	5.7%	5.68%
PEG Ratio	snapshot only																				2.128
Price/Tangible Book	snapshot only																				7.035
EV/OCF	snapshot only																				15.182
EV/Gross Profit	snapshot only																				6.866
Acquirers Multiple	snapshot only																				19.596
Shareholder Yield	snapshot only																				0.38%
Graham Number	snapshot only																				$31.33

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.82	3.07	2.67	1.92	1.64	1.58	1.49	1.52	1.61	1.82	1.88	2.17	2.87	2.64	2.61	2.82	2.89	4.21	4.12	4.20	4.201
Quick Ratio	1.69	1.68	1.05	0.73	0.49	0.61	0.59	0.56	0.66	0.65	0.80	0.93	1.33	1.38	1.55	1.74	1.85	2.85	2.99	3.15	3.153
Debt/Equity	0.16	0.16	0.17	0.30	0.36	0.43	0.50	0.49	0.45	0.39	0.42	0.22	0.05	0.04	0.04	0.03	0.02	0.04	0.03	0.02	0.025
Net Debt/Equity	-0.27	-0.17	-0.05	0.05	0.17	0.34	0.36	0.34	0.24	0.23	0.27	0.10	-0.11	-0.19	-0.24	-0.30	-0.50	-0.47	-0.58	-0.55	-0.551
Debt/Assets	0.10	0.10	0.10	0.15	0.15	0.18	0.19	0.18	0.17	0.17	0.18	0.11	0.03	0.02	0.02	0.02	0.01	0.02	0.02	0.02	0.018
Debt/EBITDA	17.67	25.55	-1.62	-0.77	-0.82	-0.90	-1.40	-2.37	-8.56	-151.49	4.34	0.98	0.19	0.14	0.10	0.07	0.05	0.09	0.08	0.07	0.069
Net Debt/EBITDA	-29.93	-27.89	0.49	-0.14	-0.38	-0.71	-0.99	-1.63	-4.45	-88.65	2.76	0.42	-0.36	-0.61	-0.68	-0.81	-1.31	-1.19	-1.48	-1.51	-1.515
Interest Coverage	-25.62	-22.57	-69.55	-145.91	-124.96	-77.50	-30.47	-12.81	-5.10	-2.93	0.69	6.52	14.08	29.32	105.77	468.12	582.75	409.92	423.46	—	—
Equity Multiplier	1.60	1.54	1.63	2.02	2.34	2.43	2.67	2.72	2.64	2.32	2.35	2.09	1.79	1.73	1.73	1.64	1.63	1.43	1.44	1.42	1.418
Cash Ratio	snapshot only																				2.078
Cash to Debt	snapshot only																				23.084
FCF to Debt	snapshot only																				15.158
Defensive Interval	snapshot only																				512.0 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.98	1.02	1.03	0.88	0.85	1.03	1.29	1.45	1.59	1.51	1.45	1.54	1.57	1.52	1.45	1.43	1.46	1.49	1.42	1.35	1.352
Inventory Turnover	2.20	2.11	1.82	1.86	1.58	2.10	2.27	2.34	2.39	2.25	2.20	2.20	2.36	2.29	2.36	2.28	2.36	2.63	2.83	2.75	2.754
Receivables Turnover	6.42	6.17	9.30	6.43	6.67	5.41	8.11	8.91	10.78	8.00	6.61	7.23	8.12	10.04	7.16	6.79	9.76	11.82	10.20	7.64	7.636
Payables Turnover	5.03	5.29	4.54	3.99	3.21	4.38	4.67	4.76	4.57	4.56	4.32	4.58	5.39	5.89	5.65	4.74	5.26	7.94	6.46	4.98	4.985
DSO	57	59	39	57	55	67	45	41	34	46	55	51	45	36	51	54	37	31	36	48	47.8 days
DIO	166	173	200	196	231	174	161	156	153	162	166	166	154	160	155	160	154	139	129	133	132.5 days
DPO	73	69	80	91	114	83	78	77	80	80	84	80	68	62	65	77	69	46	56	73	73.2 days
Cash Conversion Cycle	151	163	159	161	173	158	128	120	107	128	136	137	132	134	141	137	123	124	108	107	107.1 days
Fixed Asset Turnover	snapshot only																				17.038
Operating Cycle	snapshot only																				180.3 days
Cash Velocity	snapshot only																				3.029
Capital Intensity	snapshot only																				0.813

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	5.2%	2.8%	3.8%	2.2%	0.9%	12.3%	45.4%	58.5%	79.8%	45.4%	16.7%	7.0%	-4.0%	3.4%	5.2%	4.6%	10.1%	12.5%	14.2%	15.7%	15.70%
Net Income	83.5%	-5.7%	-6.6%	-4.7%	-32.0%	-5.8%	-80.5%	46.4%	68.3%	80.8%	96.9%	1.5%	2.4%	4.7%	36.2%	3.4%	1.6%	61.9%	44.4%	14.4%	14.35%
EPS	87.7%	-4.5%	-5.2%	-4.1%	-31.7%	-5.8%	-79.1%	46.8%	68.8%	81.4%	97.0%	1.4%	2.3%	4.3%	33.1%	3.0%	1.5%	62.0%	40.2%	10.7%	10.66%
FCF	-4.6%	-3.5%	-7.6%	-1.6%	-1.3%	-23.3%	37.1%	60.4%	92.5%	95.7%	80.0%	1.4%	7.3%	24.0%	10.4%	6.3%	2.5%	73.0%	70.2%	48.5%	48.50%
EBITDA	1.2%	-82.4%	-3.3%	-3.6%	-32.1%	-49.8%	-1.3%	61.0%	89.2%	99.4%	1.3%	2.5%	8.8%	173.5%	4.5%	1.5%	1.1%	87.2%	62.4%	40.6%	40.58%
Op. Income	74.8%	-2.0%	-4.3%	-8.3%	-16.4%	-8.3%	-1.3%	21.2%	70.5%	93.0%	1.1%	1.7%	3.2%	11.1%	7.2%	1.9%	1.3%	1.0%	67.6%	38.0%	38.00%
OCF Growth	snapshot only																				47.86%
Asset Growth	snapshot only																				21.93%
Equity Growth	snapshot only																				41.31%
Debt Growth	snapshot only																				28.96%
Shares Change	snapshot only																				3.33%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	-3.6%	-2.8%	-1.4%	-0.6%	0.0%	8.3%	13.3%	20.5%	24.0%	18.8%	20.7%	20.1%	20.3%	19.1%	21.3%	21.0%	23.9%	19.1%	11.9%	9.0%	9.00%
Revenue 5Y	-3.1%	-2.2%	-1.2%	1.9%	3.2%	5.3%	7.6%	8.4%	10.2%	8.5%	10.2%	10.8%	11.5%	13.8%	12.3%	14.4%	15.1%	14.3%	16.1%	16.0%	15.97%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	-10.6%	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	88.6%	58.5%	25.9%	25.88%
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	-3.4%	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.1%	74.2%	35.1%	35.08%
EBITDA 3Y	—	-61.0%	—	—	—	—	—	—	—	—	17.4%	13.5%	2.0%	2.6%	—	—	—	—	—	—	—
EBITDA 5Y	-43.4%	-48.0%	—	—	—	—	—	—	—	—	44.9%	—	—	—	—	—	—	73.6%	70.6%	39.1%	39.06%
Gross Profit 3Y	2.3%	-6.6%	-6.0%	-11.7%	-16.0%	-14.3%	-8.1%	2.1%	9.5%	6.9%	10.7%	14.2%	19.0%	21.3%	29.5%	41.8%	56.4%	62.2%	49.2%	40.3%	40.26%
Gross Profit 5Y	-0.6%	-1.0%	-1.2%	-3.6%	-5.8%	0.6%	1.8%	4.3%	6.6%	2.2%	6.1%	8.4%	10.0%	13.2%	13.1%	16.8%	19.3%	18.2%	20.4%	21.5%	21.51%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	1.1%	59.2%	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	69.0%	69.9%	74.8%	74.84%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	13.6%	38.7%	—	—	70.2%	—	39.4%	67.8%	—	—
OCF 3Y	—	—	—	—	—	—	—	—	2.6%	-28.1%	-55.7%	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	24.5%	-20.7%	-45.2%	1.1%	10.2%	—	81.0%	42.0%	2.5%	34.3%	46.6%	—	—
Assets 3Y	9.7%	8.7%	5.7%	5.9%	6.3%	8.8%	12.4%	11.9%	11.9%	8.6%	11.1%	-2.3%	-4.4%	0.7%	6.0%	8.0%	10.9%	9.3%	10.7%	15.0%	14.99%
Assets 5Y	4.3%	3.4%	2.2%	2.1%	1.2%	2.7%	4.5%	3.7%	4.0%	4.7%	4.9%	3.9%	2.6%	6.3%	9.4%	11.8%	13.8%	10.6%	13.3%	7.0%	7.02%
Equity 3Y	1.9%	5.6%	3.7%	-2.1%	-5.7%	-4.7%	-4.2%	-5.6%	-4.9%	-3.4%	-0.3%	-12.6%	-7.9%	-2.9%	3.9%	15.7%	24.9%	30.5%	35.9%	42.8%	42.84%
Book Value 3Y	-5.2%	-2.5%	-5.5%	-10.8%	-14.3%	-13.6%	-13.4%	-14.8%	-14.5%	-13.6%	-11.3%	-19.1%	-11.2%	-7.9%	-1.0%	10.3%	18.7%	24.2%	28.6%	35.1%	35.08%
Dividend 3Y	-4.6%	-2.7%	2.6%	8.2%	8.6%	8.9%	-7.6%	-23.7%	-41.5%	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.80	0.40	0.69	0.25	0.65	0.85	0.37	0.32	0.30	0.40	0.62	0.65	0.63	0.85	0.85	0.87	0.79	0.91	0.98	0.95	0.951
Earnings Stability	0.30	0.08	0.21	0.21	0.41	0.26	0.38	0.16	0.13	0.23	0.10	0.00	0.06	0.10	0.21	0.26	0.42	0.41	0.53	0.52	0.520
Margin Stability	0.90	0.92	0.90	0.85	0.81	0.70	0.74	0.77	0.78	0.73	0.76	0.78	0.78	0.75	0.76	0.76	0.72	0.68	0.70	0.74	0.738
Rev. Growth Consistency	0.50	1.00	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	0.50	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1
Earnings Persistence	0.50	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.94	0.943
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.11	0.53	0.64	0.87	0.866
ROE Trend	0.09	-0.00	-0.13	-0.45	-0.47	-0.56	-0.41	-0.14	0.08	0.21	0.31	0.52	0.55	0.62	0.55	0.43	0.31	0.22	0.15	0.04	0.042
Gross Margin Trend	-0.01	-0.04	-0.07	-0.13	-0.15	-0.19	-0.17	-0.10	-0.04	0.02	0.05	0.09	0.12	0.13	0.14	0.14	0.15	0.15	0.13	0.12	0.118
FCF Margin Trend	-0.11	-0.17	-0.27	-0.20	-0.19	-0.15	-0.00	0.10	0.17	0.20	0.17	0.17	0.20	0.25	0.24	0.19	0.19	0.15	0.18	0.12	0.120
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	—	13.2%	22.4%	32.7%	36.4%	39.5%	38.7%	36.3%	35.4%	30.6%	30.64%
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	5.9%	11.7%	19.9%	22.5%	27.8%	29.7%	30.7%	29.4%	25.4%	25.43%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	8.11	3.70	1.94	0.79	0.87	0.77	0.57	0.36	-0.52	-0.74	-1.11	1.26	1.19	1.37	1.46	1.19	1.52	1.44	1.71	1.54	1.538
FCF/OCF	1.79	1.38	1.18	1.18	1.15	1.19	1.39	1.91	-0.46	-0.28	-4.59	0.53	0.88	0.93	0.94	0.94	0.94	0.95	0.95	0.94	0.940
FCF/Net Income	snapshot only																				1.445
OCF/EBITDA	snapshot only																				1.106
CapEx/Revenue	4.9%	5.3%	4.0%	3.6%	3.3%	3.4%	3.2%	2.8%	3.4%	2.9%	2.4%	2.2%	1.0%	1.1%	1.1%	1.2%	1.5%	1.2%	1.4%	1.4%	1.38%
CapEx/Depreciation	snapshot only																				0.529
Accruals Ratio	0.05	0.10	0.11	-0.05	-0.03	-0.05	-0.08	-0.08	-0.11	-0.08	-0.01	-0.01	-0.02	-0.06	-0.08	-0.04	-0.12	-0.10	-0.16	-0.11	-0.109
Sloan Accruals	snapshot only																				0.221
Cash Flow Adequacy	snapshot only																				16.653
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	2.4%	3.0%	3.5%	3.9%	4.6%	3.6%	3.1%	1.8%	1.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.32	$0.35	$0.42	$0.50	$0.55	$0.60	$0.45	$0.30	$0.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	8.8%	10.0%	9.8%	9.76%
Div. Increase Streak	0	0	0	0	1	1	1	0	0	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	0.10	0.20	0.46	0.72	0.75	0.77	0.10	-0.38	-0.71	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	0.5%	0.4%	0.38%
Net Buyback Yield	-25.6%	-29.8%	-27.9%	-0.1%	0.0%	0.0%	-0.0%	-0.1%	-0.1%	-2.5%	-2.0%	-2.2%	-1.2%	-0.0%	-0.0%	-0.1%	-0.1%	0.2%	0.3%	0.2%	0.16%
Total Shareholder Return	-23.2%	-26.8%	-24.4%	3.8%	4.6%	3.6%	3.1%	1.7%	1.0%	-2.5%	-2.0%	-2.2%	-1.2%	-0.0%	-0.0%	-0.1%	-0.1%	0.2%	0.3%	0.2%	0.16%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.89	1.12	1.04	1.00	1.00	1.00	1.00	1.00	1.00	1.02	1.37	0.90	0.90	1.13	1.04	1.02	0.93	0.84	0.85	0.81	0.812
Interest Burden (EBT/EBIT)	0.16	1.27	1.07	1.03	1.03	1.05	1.08	1.16	1.36	1.29	-0.49	0.83	0.92	0.95	0.97	0.99	0.99	1.01	1.01	1.01	1.014
EBIT Margin	-0.02	-0.03	-0.10	-0.24	-0.24	-0.22	-0.13	-0.07	-0.03	-0.02	0.01	0.05	0.08	0.10	0.13	0.15	0.17	0.19	0.19	0.18	0.182
Asset Turnover	0.98	1.02	1.03	0.88	0.85	1.03	1.29	1.45	1.59	1.51	1.45	1.54	1.57	1.52	1.45	1.43	1.46	1.49	1.42	1.35	1.352
Equity Multiplier	1.61	1.58	1.66	1.71	1.88	1.88	2.05	2.32	2.48	2.37	2.50	2.36	2.14	1.97	1.98	1.82	1.69	1.55	1.56	1.51	1.512

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$-0.10	$-0.51	$-1.47	$-3.30	$-3.24	$-3.43	$-2.64	$-1.76	$-1.01	$-0.64	$-0.08	$0.76	$1.33	$2.12	$2.52	$3.05	$3.28	$3.44	$3.53	$3.38	$3.38
Book Value/Share	$9.90	$9.70	$8.56	$7.03	$6.19	$5.93	$5.60	$5.24	$5.40	$6.09	$6.05	$6.57	$6.93	$7.57	$8.31	$9.44	$10.36	$11.35	$11.90	$12.91	$13.85
Tangible Book/Share	$9.90	$9.70	$8.56	$7.03	$6.19	$5.93	$5.60	$5.24	$5.40	$6.09	$6.01	$6.45	$6.73	$7.24	$7.86	$8.86	$10.36	$10.49	$11.13	$12.22	$12.22
Revenue/Share	$12.82	$13.48	$12.87	$13.09	$12.82	$15.01	$18.57	$20.57	$22.68	$21.17	$20.71	$21.00	$19.99	$19.44	$19.88	$20.12	$20.89	$21.88	$22.04	$22.53	$24.16
FCF/Share	$-1.44	$-2.59	$-3.37	$-3.07	$-3.24	$-3.17	$-2.10	$-1.21	$-0.24	$-0.13	$-0.40	$0.51	$1.39	$2.70	$3.46	$3.40	$4.66	$4.67	$5.72	$4.88	$5.24
OCF/Share	$-0.80	$-1.87	$-2.86	$-2.60	$-2.81	$-2.65	$-1.52	$-0.63	$0.52	$0.47	$0.09	$0.96	$1.58	$2.91	$3.68	$3.63	$4.98	$4.94	$6.03	$5.19	$5.57
Cash/Share	$4.19	$3.15	$1.89	$1.75	$1.19	$0.56	$0.83	$0.79	$1.18	$0.99	$0.93	$0.84	$1.11	$1.80	$2.29	$3.04	$5.43	$5.79	$7.23	$7.44	$7.98
EBITDA/Share	$0.09	$0.06	$-0.89	$-2.78	$-2.71	$-2.85	$-2.01	$-1.08	$-0.29	$-0.02	$0.59	$1.49	$2.05	$2.41	$2.94	$3.45	$3.99	$4.51	$4.64	$4.70	$4.70
Debt/Share	$1.56	$1.50	$1.45	$2.13	$2.22	$2.57	$2.82	$2.55	$2.46	$2.38	$2.54	$1.46	$0.38	$0.33	$0.29	$0.26	$0.22	$0.40	$0.36	$0.32	$0.32
Net Debt/Share	$-2.64	$-1.64	$-0.44	$0.38	$1.03	$2.01	$1.99	$1.76	$1.28	$1.39	$1.62	$0.63	$-0.73	$-1.47	$-2.00	$-2.79	$-5.22	$-5.39	$-6.87	$-7.11	$-7.11

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	12.341
Altman Z-Prime	snapshot only																				22.485
Piotroski F-Score	2	1	2	2	2	2	3	4	5	7	7	8	7	8	7	7	7	9	7	7	7
Beneish M-Score	-1.86	-1.73	-1.74	-2.10	-2.62	-2.02	-1.33	-2.60	-2.53	-3.28	-2.61	-2.43	-2.62	-2.72	-2.78	-2.44	-2.99	-2.93	-3.45	-3.03	-3.034
Ohlson O-Score	snapshot only																				-10.023
ROIC (Greenblatt)	snapshot only																				32.14%
Net-Net WC	snapshot only																				$9.63
EVA	snapshot only																				$10810409.21

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	34.53	35.28	43.01	27.63	26.48	27.88	29.02	31.99	39.64	39.40	34.93	73.33	92.69	95.45	95.38	95.63	95.10	95.15	95.23	92.75	92.753
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				-2.880
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				88
Sector Credit Rank	snapshot only																				83

BKTI AMEX

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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