olivLaw · US equity research
Park Aerospace Corp. PKE
Aircraft Parts & Auxiliary Equipment, NEC · SIC 3728 · Vertical: Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728)
Park Aerospace Corp. develops and manufactures advanced composite materials, film adhesives and lightning strike protection materials for global aerospace markets, from a single campus in Newton, Kansas. The company finished the first half of fiscal 2027 with sales of 39.1 million USD, and revenue has grown sharply from the prior year, mainly on military and commercial demand.
At the close of 02 Nov 2026, Park Aerospace Corp. (PKE) stock was 25.99 USD (+0.89% on the day), with market capitalisation 572.6 m USD, P/E 36.2 on diluted EPS of 0.72 USD over the last 12 months, dividend yield 192.38%, beta 0.98, 52-week range 18.55–38.23 USD. Latest reported quarter (Q2 2027): revenue of 20.8 m USD (+26.9% YoY), net income of 4.5 m USD (+88.6% YoY), diluted EPS 0.21 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 36.8
- weak (30–45)
- Bollinger (20, 2)
- 24.13 – 29.36
- in the lower half of the band · %B 0.36 · band width 19.6%
- SMA 50 / 200
- 29.29 / 30.85
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.04 / -1.20
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −14.6% | −2.3% | −12.2 pp | — |
| 3 months | −27.0% | −0.8% | −26.2 pp | — |
| 6 months | −19.8% | +4.7% | −24.5 pp | — |
| Year to date | +21.8% | +10.2% | +11.6 pp | — |
| 1 year | +35.6% | +10.3% | +25.4 pp | −5.8% |
| 3 years | +75.1% | +73.0% | +2.1 pp | +66.6% |
| 5 years | +93.1% | +61.8% | +31.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 30 Aug 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.4 m | 16.9 m | 15.4 m | 16.4 m | 17.3 m | 24.2 m | 18.3 m | 20.8 m |
| Cost of revenue | 10.6 m | 12.0 m | 10.7 m | 11.3 m | 11.4 m | 17.3 m | 11.9 m | 13.7 m |
| Gross profit | 3.8 m | 5.0 m | 4.7 m | 5.1 m | 5.9 m | 6.9 m | 6.4 m | 7.1 m |
| SG&A | 2.0 m | 2.1 m | 2.3 m | 2.3 m | 2.3 m | 2.3 m | 2.4 m | 2.4 m |
| Operating income | 1.8 m | 2.9 m | 2.4 m | 2.8 m | 3.6 m | 4.6 m | 4.0 m | 4.7 m |
| Depreciation & amortisation | 464.0 k ≈ | 460.0 k | 456.0 k | 455.0 k ≈ | 477.0 k ≈ | 472.0 k | 469.0 k | 469.0 k ≈ |
| Pre-tax income | 2.1 m | 3.2 m | 2.8 m | 3.2 m | 4.0 m | 5.0 m | — | 5.6 m |
| Income tax | 559.0 k | 1.9 m | 694.0 k | 831.0 k | 1.0 m | 1.2 m | 1.3 m | 1.0 m |
| Net income | 1.6 m | 1.2 m | 2.1 m | 2.4 m | 3.0 m | 3.8 m | 3.5 m | 4.5 m |
| Diluted EPS | 0.08 | 0.06 ≈ | 0.10 | 0.12 | 0.15 | 0.19 ≈ | 0.17 | 0.21 |
| Operating cash flow | 2.7 m ≈ | 969.0 k | 1.6 m | -2.1 m ≈ | 5.1 m ≈ | 6.9 m | 2.7 m | -1.5 m ≈ |
| Capex | 52.0 k ≈ | 631.0 k | 481.0 k | 183.0 k ≈ | 838.0 k ≈ | 536.0 k | 113.0 k | 356.0 k ≈ |
| Dividends paid | 2.5 m ≈ | 2.5 m | 2.5 m | 2.5 m ≈ | 2.5 m ≈ | 2.5 m | 2.6 m | 2.7 m ≈ |
| Share repurchases | 2.4 m ≈ | 0 | 2.2 m | 0 ≈ | 0 ≈ | 0 | 0 | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 53 percentile of its own 40-quarter history (min 2.7, median 35.7, max 78.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51.1 m | 60.0 m | 46.3 m | 53.6 m | 54.1 m | 56.0 m | 62.0 m | 73.3 m |
| Revenue YoY | −54.0% | +17.4% | −22.9% | +15.8% | +0.9% | +3.6% | +10.8% | +18.2% |
| Net income | 113.5 m | 9.6 m | 4.9 m | 8.5 m | 10.7 m | 7.5 m | 5.9 m | 11.3 m |
| Net income YoY | +451.3% | −91.6% | −49.1% | +74.0% | +26.8% | −30.4% | −21.3% | +91.6% |
| Diluted EPS | 5.57 | 0.47 | 0.24 | 0.41 | 0.52 | 0.37 | 0.29 | 0.56 |
| Diluted EPS YoY | +446.1% | −91.6% | −48.9% | +70.8% | +26.8% | −28.8% | −21.6% | +93.1% |
| net % | 222.1% | 15.9% | 10.5% | 15.8% | 19.9% | 13.3% | 9.5% | 15.4% |
| Free cash flow | 4.8 m | -1.6 m | 5.5 m | 3.8 m | 5.4 m | 3.8 m | 3.8 m | 9.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 01 Mar 2026
- Cash
- 78.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 130.0 m USD
- Total assets
- 142.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 18.24x
- ROE
- 9.5%
- ROA
- 8.5%
- FCF margin
- 12.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 46.3 m | 53.6 m | 54.1 m | 56.0 m | 62.0 m | 73.3 m | SEC (XBRL)· 29 May 2026verified |
| Cost of revenue | 33.1 m | 35.7 m | 37.6 m | 39.5 m | 44.4 m | 50.6 m | SEC (XBRL)· 29 May 2026verified |
| Gross profit | 13.2 m | 17.9 m | 16.5 m | 16.5 m | 17.6 m | 22.7 m | SEC (XBRL)· 29 May 2026verified |
| SG&A | 6.1 m | 6.2 m | 6.5 m | 8.2 m | 8.2 m | 9.2 m | SEC (XBRL)· 29 May 2026verified |
| Operating income | 5.5 m | 11.4 m | 10.0 m | 8.4 m | 9.4 m | 13.5 m | SEC (XBRL)· 29 May 2026verified |
| Depreciation & amortisation | 1.2 m | 1.1 m | 1.1 m | 1.4 m | 1.9 m | 1.9 m | SEC (XBRL)· 29 May 2026verified |
| EBITDA | 6.7 m ≈ | 12.5 m ≈ | 11.1 m ≈ | 9.8 m ≈ | 11.2 m ≈ | 15.4 m ≈ | SEC (XBRL)· 29 May 2026derived |
| Pre-tax income | 7.3 m | 11.8 m | 11.0 m | 9.4 m | 9.5 m | 15.0 m | SEC (XBRL)· 29 May 2026verified |
| Income tax | 2.1 m | 3.3 m | 301.0 k | 2.0 m | 3.6 m | 3.8 m | SEC (XBRL)· 29 May 2026verified |
| Net income | 4.9 m | 8.5 m | 10.7 m | 7.5 m | 5.9 m | 11.3 m | SEC (XBRL)· 29 May 2026verified |
| Diluted EPS | 0.24 | 0.41 | 0.52 | 0.37 | 0.29 | 0.56 | SEC (XBRL)· 29 May 2026verified |
| Weighted average diluted shares | 20.5 k | 20.6 m | 20.5 m | 20.4 m | 20.2 m | 20.1 m | SEC (XBRL)· 29 May 2026verified |
| Dividend per share | — | 0.40 | 1.40 | 50.00 | 50.00 | — | SEC (XBRL)· 30 May 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 41.6 m | 12.8 m | 4.2 m | 6.6 m | 21.6 m | 78.5 m | SEC (XBRL)· 29 May 2026verified |
| Receivables | 7.6 m | 8.3 m | 10.0 m | 12.4 m | 12.9 m | 11.0 m | SEC (XBRL)· 29 May 2026verified |
| Inventories | 4.8 m | 4.7 m | 6.8 m | 6.4 m | 7.2 m | 7.4 m | SEC (XBRL)· 29 May 2026verified |
| Current assets | 132.3 m | 126.4 m | 125.0 m | 98.8 m | 90.3 m | 108.7 m | SEC (XBRL)· 29 May 2026verified |
| Property, plant & equipment, net | 21.1 m | 24.3 m | 24.3 m | 23.5 m | 21.7 m | 21.8 m | SEC (XBRL)· 29 May 2026verified |
| Goodwill | 9.8 m | 9.8 m | — | — | — | — | SEC (XBRL)· 12 May 2022verified |
| Intangibles (excl. goodwill) | 21.0 k | 14.0 k | 7.0 k | 0 | — | — | SEC (XBRL)· 11 Jun 2024verified |
| Total assets | 163.5 m | 160.9 m | 159.3 m | 132.3 m | 122.1 m | 142.2 m | SEC (XBRL)· 29 May 2026verified |
| Accounts payable | 3.3 m | 2.5 m | 4.5 m | 3.5 m | 2.5 m | 3.7 m | SEC (XBRL)· 29 May 2026verified |
| Current liabilities | 8.0 m | 6.3 m | 28.6 m | 9.7 m | 9.3 m | 6.0 m | SEC (XBRL)· 29 May 2026verified |
| Total liabilities | 27.6 m | 25.3 m | 43.4 m | 19.4 m | 15.0 m | 12.3 m | SEC (XBRL)· 29 May 2026verified |
| Equity | 135.9 m † | 135.6 m † | 115.9 m † | 112.9 m † | 107.2 m † | 130.0 m † | SEC (XBRL)· 29 May 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 13.0 m | 8.2 m | 6.5 m | 4.4 m | 4.7 m | 11.5 m | SEC (XBRL)· 29 May 2026verified |
| Capex | 7.5 m | 4.4 m | 1.0 m | 645.0 k | 889.0 k | 2.0 m | SEC (XBRL)· 29 May 2026verified |
| Free cash flow | 5.5 m ≈ | 3.8 m ≈ | 5.4 m ≈ | 3.8 m ≈ | 3.8 m ≈ | 9.5 m ≈ | SEC (XBRL)· 29 May 2026derived |
| Investing cash flow | 33.0 m | -29.6 m | -7.0 m | 31.4 m | 24.0 m | 34.9 m | SEC (XBRL)· 29 May 2026verified |
| Financing cash flow | -9.8 m | -7.4 m | -8.0 m | -33.5 m | -13.7 m | 10.5 m | SEC (XBRL)· 29 May 2026verified |
| Dividends paid | 8.2 m | 8.2 m | 8.2 m | 30.6 m | 10.1 m | 10.0 m | SEC (XBRL)· 29 May 2026verified |
| Share repurchases | 1.6 m | 0 | 0 | 2.9 m | 4.3 m | 2.2 m | SEC (XBRL)· 29 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 50 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 572.6 m USD
Key indicators
Coverage and freshness
Score by group
- Returns33
- Balance sheet100
- Valuation27
- Quality79
- Growth53
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.94 – 883.62 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E3.94 – 24.00 (Mid 17.60)6 companies used · median multiple 24.5x · quartiles 5.5x – 33.4xATRO, CVU, ESLT, LOAR, PRZO, TDG
- Dividend discount (DDM)657.05 – 883.62 (Mid 753.68)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 50/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 18.4% | 90 (vs peers) | 10% |
| FCF conversion · Quality | 77.1% | 67 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 10.7% | 89 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | 2.5% | 17 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 22.7x | 100 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 36.2x | 29 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.0% | 25 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 1.8% | 26 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 90.0% | 43 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth53/100 · 2/2 factors with a value
- Quality79/100 · 2/3 factors with a value
- Returns33/100 · 2/2 factors with a value
- Valuation27/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
PARK AEROSPACE CORP. (PKE). Latest full fiscal year: 2026; data up to 2026-08-30.
Figures computed from the financial statements: revenue 73.3 m USD in 2026; YoY growth 18.2%; net margin 18.4%; ROE 11.1%.
The estimated value range is 330.50–453.81 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 385.64 USD, the price of 25.99 USD leaves a potential of 1,383.8% (value / price − 1) and a margin of safety of 93.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 50/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 18.4%
- Revenue CAGR 3Y: 10.7%
- Current ratio: 22.7x
- The price is below the estimated value range
What contradicts it
- EPS CAGR 3Y: 2.5%
- P/E (TTM): 36.2x
- FCF yield: 2.0%
- Shareholder yield (distributions): 1.8%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, EV/EBITDA.
Versus the vertical median
Aircraft Parts & Auxiliary Equipment, NEC (SIC 3728) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TDGTransDigm Group Incorporated | 67.1 bn | 34.0 | — | 21.3% | +11.2% | −11% / +26% |
| ESLTElbit Systems Ltd | 34.5 bn | 65.2 | 14.4% | 6.7% | +16.3% | +58% / +267% |
| LOARLoar Holdings Inc. | 6.4 bn | 0.5 | 5.8% | 11.6% | +23.2% | −1% / unavailable |
| KRMNKarman Holdings Inc. | 5.2 bn | 135.7 | 9.5% | 6.3% | +36.6% | −42% / unavailable |
| DCODucommun Incorporated | 2.5 bn | — | -3.0% | -2.4% | +4.9% | +78% / +225% |
| ATROAstronics Corporation | 1.9 bn | 31.7 | 33.7% | 8.4% | +8.4% | +38% / +406% |
| PKEPark Aerospace Corp. | 572.6 m | 36.2 | 11.1% | 18.4% | +18.2% | +36% / +75% |
| CVUCpi Aerostructures, Inc. | 65.1 m | 17.3 | 14.4% | 5.1% | −14.6% | +75% / +107% |
| AIRIAir Industries Group | 12.6 m | — | -10.6% | -3.8% | −13.0% | −13% / −10% |
| PRZOParaZero Technologies Ltd. | 9.4 m | 1.5 | -380.5% | -517.1% | +12.3% | −67% / −37% |
| EHEHang Holdings Limited | — | — | -27.8% | -66.0% | −4.4% | −74% / −79% |
1- and 3-year price returns: for PKE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 15.32 Total return -41% · Per year -41% | 27.02 Total return 4% · Per year 4% | 40.59 Total return 56% · Per year 56% |
| 3 years | 16.78 Total return -35% · Per year -14% | 33.10 Total return 27% · Per year 8% | 54.32 Total return 109% · Per year 28% |
| 5 years | 18.37 Total return -29% · Per year -7% | 40.55 Total return 56% · Per year 9% | 72.70 Total return 180% · Per year 23% |
- Exit P/E± 8.27
- Net margin± 5.79
- Annual revenue growth± 4.49
- Annual dilution± 0.49
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Park Aerospace Corp. develops and manufactures advanced composite materials, film adhesives and lightning strike protection materials for global aerospace markets, from a single campus in Newton, Kansas. The company finished the first half of fiscal 2027 with sales of 39.1 million USD, and revenue has grown sharply from the prior year, mainly on military and commercial demand.
SWOT
Strengths
- The company holds a niche position in advanced composite materials and holds NADCAP and AS9100D certifications for its Newton production 1.
- The balance sheet is solid, with substantial cash and marketable securities giving flexibility for investment 3.
- Gross margins improved in the first half of fiscal 2027 compared with the prior year, helped by a more favorable product mix 2.
Weaknesses
- The customer base is highly concentrated, with a small number of customers accounting for a large share of sales 1.
- The company relies on short-term orders and requirements-based contracts that do not guarantee minimum quantities 1.
- Operations are concentrated at one location in Newton, Kansas, exposing the company to local risks such as the May 2024 storm 1.
Opportunities
Risks
- Customer concentrationhigh
A small number of customers generate a major part of sales; losing one of them could materially affect results 1.
- Aerospace cyclicalityhigh
Industry downturns can reduce demand and prices for composite materials, and the timing of any recovery is uncertain 1.
- Raw material dependencemedium
Some raw materials come from a single supplier and substitutes are not always available, which could raise costs 1.
- Geopolitical risksmedium
Conflicts, trade restrictions and tariffs could disrupt the supply chain and reduce customer demand 1.
- Cybersecuritymedium
Cyber-attacks and unauthorized system access could affect intellectual property and operations 1.
Investment thesis
What would need to be true (bull case)
- If military and commercial demand holds, the recent growth in sales and margins could continue, supported by a solid cash base 23.
- The niche position, specialized certifications and exclusive ArianeGroup distribution role could shield the company from broad competition 1.
- Capacity expansion through the planned Tulsa facility could let the company meet higher demand if the project is completed as planned 2.
What to watch
- Third-quarter fiscal 2027 results, including gross margin trendQ3 2027
- Development of backlog and military and commercial ordersnext 10-K
- Progress of the Tulsa facility construction and its effect on capacity2027
- Impact of tariff refunds and raw material costs on marginsQ3 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Park Aerospace designs and manufactures advanced composite materials in the form of thermoset prepregs, hot-melt film adhesives, ablative materials for rocket motors and materials for radomes, as well as composite structures and low-volume tooling. All manufacturing and research and development facilities are concentrated in Newton, Kansas. Fiscal 2026 sales were 73.3 million USD, with a gross margin of 30.9% 1.
The company is the exclusive North American distributor of ArianeGroup's RAYCARB C2B NG product, used to produce ablative materials for critical rocketry and missile systems 1. Its Newton campus was expanded in fiscal 2024, doubling the size of its facilities 1.
In July 2026 the company entered a sublease covering about 18 acres in Tulsa, Oklahoma, for a planned new composites facility, according to its quarterly report 2. The company had 125 employees as of March 1, 2026 1.
Segments
Composite materials and film adhesives
This line covers thermoset prepregs and hot-melt film adhesives for primary and secondary structures of engines, transport aircraft and military aircraft. Engine-related subtier suppliers of GE Aerospace accounted for 39.3% of total sales in fiscal 2026 1.
Composite structures and tooling
The company designs and fabricates composite parts, structures and assemblies for prototype and development aircraft, special mission aircraft, spares for legacy aircraft and low-volume tooling 1.
Ablative materials for rockets
This line supplies ablative materials for rocket and missile programs, including the ArianeGroup distribution product; customers are US defense contractors, and Aerojet Rocketdyne accounted for 11.7% of sales in fiscal 2026 1.
Market context
Advanced composite materials are widely used in commercial, military and business aviation as well as in space and rocket systems. The company is a niche supplier competing with large international groups, some of them vertically integrated 1. Demand from the military and missile defense sectors could support growth, although deliveries were affected by the wars in Ukraine and the Middle East 1.
The aerospace industry is cyclical, and downturns can reduce demand and prices for composite materials 1. The company reported that business aircraft sales declined in fiscal 2026, while military and commercial sales rose 1.
Trends
- Rising military demandtailwind
Military sales grew in fiscal 2026 and in the first half of fiscal 2027, and higher global spending on missile defense could add sales 12.
- Raw material cost inflationmixed
The company reported that inflation in raw materials and freight was partly offset by pricing adjustments passed on to customers 1.
- Tariffsmixed
Duties imposed by the US and other jurisdictions raised costs, but the impact was largely offset by pricing; in the quarter ended August 30 2026, tariff refunds to customers reduced sales by 0.9 million USD 12.
- Supply chain disruptionsheadwind
The wars in Ukraine and the Middle East caused delayed shipments and higher raw material costs from overseas suppliers 1.
Competitive position
The company competes with many producers, from large international corporations to small regional firms. Several of the largest competitors are vertically integrated, producing both carbon fiber and composite structures, and some also supply the company 1. Park competes mainly on responsiveness, product performance and FAA-approved material design allowables 1.
Larger competitors have greater financial resources than Park, and the company's ability to hold its position depends on continued innovation and new product development 1.
- Large international composite producers
Vertically integrated companies producing fibers and composite structures; substantially larger than Park 1.
- Small regional producers
Local or regional suppliers of composite materials and structures with a smaller market share 1.
- Suppliers that are also competitors
Some competitors also supply raw materials to Park, creating a dual relationship 1.
- Ablative and rocket materials producers
Competition in rocket and ablative materials includes producers serving the same defense prime contractors 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Here’s What Fuels Park Aerospace (PKE) Earnings PowerYahoo Finance — News · 10 Sept 2026 · EN
The latest news item in our archive is from 10 Sept 2026; the newest SEC filing is from 13 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report13 Oct 2026
- Current report08 Oct 2026Results of operations · Financial statements and exhibits
- Current report28 Sept 2026Departure or appointment of officers
- Current report17 Aug 2026Departure or appointment of officers
- Current report28 Jul 2026Shareholder vote
- Quarterly report20 Jul 2026
- Current report20 Jul 2026Results of operations · Financial statements and exhibits
- Current report09 Jul 2026Departure or appointment of officers
- Proxy statement22 Jun 2026
- Annual report29 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2026-03-01 · SEC / Park Aerospace Corp. · 29 May 2026
- [2] Form 10-Q, quarter ended 2026-08-30 · SEC / Park Aerospace Corp. · 13 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Park Aerospace Corp. · 08 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.