Bk Technologies Corp. (BKTI) intrinsic value & 10-year financials
Bk Technologies Corp. (BKTI) has a Graham intrinsic value of $114.26 per share. At $65.01 on Oct 17, 2026, the stock trades 43% below that value. Over the last 10 fiscal years revenue grew 6.1% a year to $86.1M, with an average return on invested capital of 2.9%.
- Graham intrinsic value
- $114.26
- Share price (Oct 17, 2026)
- $65.01
- Price vs Graham value
- 43% below
- Market cap
- $255.9M
- Revenue (FY2025)
- $86.1M
- Revenue growth (10-yr CAGR)
- 6.1%
- ROIC (10-yr avg)
- 2.9%
- Free cash flow (FY2025)
- $18.4M
BKTI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $86.1M | $13.5M | $3.44 | $18.4M | 18.6% | 57.9% |
| FY2024 | $76.6M | $8.4M | $2.25 | $10.2M | 10.2% | 36.8% |
| FY2023 | $74.1M | -$2.2M | -$0.65 | -$462.0K | -1.0% | -3.9% |
| FY2022 | $51.0M | -$11.6M | — | -$10.8M | -21.7% | -50.0% |
| FY2021 | $45.4M | -$1.7M | -$0.11 | -$8.7M | -2.6% | -5.0% |
| FY2020 | $44.1M | $248.0K | $0.00 | $3.5M | 2.4% | 5.2% |
| FY2019 | $40.1M | -$2.6M | -$0.00 | -$4.9M | -10.9% | -16.9% |
| FY2018 | $49.4M | -$195.0K | -$0.00 | $3.9M | 4.9% | 7.4% |
| FY2017 | $39.4M | -$3.6M | -$0.00 | -$2.9M | -12.8% | -9.9% |
| FY2016 | $50.7M | $2.7M | $0.00 | $9.3M | 8.5% | 7.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BK Technologies Corp has demonstrated mature, steady growth, with revenue compounding at 6.1% annually over the past decade.
BK Technologies Corp has historically struggled to out-earn its cost of capital, averaging just 2.9% ROIC.
Over the decade, BK Technologies Corp shows that management has aggressively returned capital to shareholders by retiring 76.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BK Technologies Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $114.26 per share.