ESPEY MFG & ELECTRONICS CORP ESP

Technology SIC 3679 - Electronic Components, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Other Electronic Component Manufacturing derived NYSE

is a power electronics design and original equipment manufacturing (OEM) company with a long history of developing and delivering highly

reliable products for use in military and severe environment applications. Design, manufacturing, and testing is performed in our 174,000+

square foot facility located at 233 Ballston Ave., Saratoga Springs, New York. Espey is classified as a "smaller reporting company"

for purposes of the reporting requirements under the Securities Exchange Act of 1934, as amended. Espey's common stock is publicly-traded

Last close 52.02 2026-10-23
Market cap $155.8M 2026-03-31 share count
52-week range 36.82 - 74.77

Valuation FY2025 figures against the last close

P/S42.5x
P/E17.2x
P/FCF9.4x
EV/EBITDA18.2x
Dividend yield1.7%
Diluted EPS3.02

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.7M$38.7M$35.6M$32.1M$27.7M$31.5M$36.5M$32.5M$22.5M$27.5M
Cost of revenue $31.3M$28.1M$27.5M$26.6M$24.4M$26.0M$29.4M$24.9M$17.8M$20.1M
Gross profit $12.7M$10.7M$8.1M$5.5M$3.4M$5.6M$7.1M$7.7M$4.7M$7.4M
SG&A $4.6M$4.1M$3.8M$3.9M$3.8M$4.4M$4.4M$3.8M$3.2M$3.0M
Operating income $8.1M$6.5M$4.3M$1.5M-$426.1K$1.2M$2.7M$3.9M$1.5M$4.3M
Pre-tax income $9.7M$7.3M$4.7M$1.6M-$368.2K$1.3M$2.9M$4.1M$1.7M$4.5M
Income tax $1.6M$1.5M$1.0M$328.0K$186.7K$145.5K$538.9K$993.3K$515.7K$1.3M
Net income $8.1M$5.8M$3.7M$1.3M-$181.5K$1.2M$2.3M$3.1M$1.1M$3.2M
EPS, basic 3.142.341.500.52-0.080.490.991.320.491.39
EPS, diluted 3.022.291.490.52-0.080.490.981.310.491.38
Shares, diluted (wtd. avg.) 2.7M2.5M2.5M2.4M2.4M2.4M2.4M2.3M2.3M2.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $18.9M$4.4M$2.7M$8.1M$6.8M$5.4M$1.5M$4.3M$10.1M$10.0M
Short-term investments $24.7M$18.9M$12.0M$3.7M$3.1M$5.1M$5.7M$11.5M$9.4M$5.6M
Receivables $7.6M$6.6M$5.8M$5.7M$5.4M$9.0M$11.0M$4.4M$3.4M$5.0M
Inventory $17.8M$19.2M$19.9M$18.6M$18.8M$14.8M$13.2M$11.4M$9.7M$10.7M
Total current assets $75.2M$53.2M$44.7M$37.1M$35.0M$34.7M$31.9M$33.1M$33.2M$32.1M
Property, plant and equipment $4.0M$3.3M$2.8M$2.8M$3.0M$3.5M$3.8M$3.8M$2.3M$2.3M
Total assets $79.1M$56.5M$47.5M$39.9M$38.0M$38.2M$35.7M$36.8M$35.5M$34.5M
Accounts payable $2.6M$3.8M$1.2M$2.1M$2.7M$2.9M$2.2M$1.8M$2.3M$552.8K
Total current liabilities $28.3M$15.3M$11.5M$7.6M$7.5M$6.7M$3.5M$3.3M$3.4M$1.9M
Total liabilities $28.3M$15.3M$11.6M$7.8M$7.6M—————
Retained earnings $31.6M$26.0M$21.9M$18.7M$17.4M$18.8M$20.0M$22.4M$21.7M$22.8M
Total equity $50.8M$41.3M$35.9M$32.1M$30.3M$31.2M$31.9M$33.5M$31.9M$32.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $21.0M$10.6M$3.9M$2.2M$595.0K$6.0M-$3.6M$260.9K$6.4M$5.8M
Depreciation and amortisation $451.5K$453.5K$484.9K$494.6K$519.8K$568.5K$541.0K$429.7K$435.6K$434.4K
Stock-based compensation $346.3K$283.7K$227.1K$176.7K$133.7K$189.6K$172.1K$123.1K$129.2K$97.0K
Capital expenditure $4.4M$5.2M$512.0K$303.6K$43.6K$214.4K$608.3K$1.9M$352.1K$284.2K
Investing cash flow -$6.9M-$7.8M-$8.8M-$918.3K$2.0M$326.0K$5.2M-$4.0M-$4.2M-$1.7M
Financing cash flow $458.3K-$1.2M-$489.3K—-$1.2M-$2.4M-$4.5M-$2.0M-$2.2M-$2.9M
Dividends paid $2.6M$1.7M$489.3K—$1.2M$2.4M$4.7M$2.3M$2.3M$2.8M
Buybacks —————$47.9K$44.9K$109.7K$44.3K$355.4K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001174947-25-001227.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M 0 10M 20M 30M 40M Revenue, FY2016: 27.5M Gross profit, FY2016: 7.4M Net income, FY2016: 3.2M Revenue, FY2017: 22.5M Gross profit, FY2017: 4.7M Net income, FY2017: 1.1M Revenue, FY2018: 32.5M Gross profit, FY2018: 7.7M Net income, FY2018: 3.1M Revenue, FY2019: 36.5M Gross profit, FY2019: 7.1M Net income, FY2019: 2.3M Revenue, FY2020: 31.5M Gross profit, FY2020: 5.6M Net income, FY2020: 1.2M Revenue, FY2021: 27.7M Gross profit, FY2021: 3.4M Net income, FY2021: -181.5K Revenue, FY2022: 32.1M Gross profit, FY2022: 5.5M Net income, FY2022: 1.3M Revenue, FY2023: 35.6M Gross profit, FY2023: 8.1M Net income, FY2023: 3.7M Revenue, FY2024: 38.7M Gross profit, FY2024: 10.7M Net income, FY2024: 5.8M Revenue, FY2025: 3.7M Gross profit, FY2025: 12.7M Net income, FY2025: 8.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $27.5M $22.5M $32.5M $36.5M $31.5M $27.7M $32.1M $35.6M $38.7M $3.7M
Gross profit $7.4M $4.7M $7.7M $7.1M $5.6M $3.4M $5.5M $8.1M $10.7M $12.7M
Net income $3.2M $1.1M $3.1M $2.3M $1.2M -$181.5K $1.3M $3.7M $5.8M $8.1M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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PI IMPINJ INC $5.10B — -1.4%
VREX Varex Imaging Corp $775.5M — 4.1%
MPTI M-tron Industries, Inc. $283.4M 24.9x 11.0%
LGL LGL GROUP INC $85.1M 61.4x 10.2%
NSYS NORTECH SYSTEMS INC $29.4M — -7.6%