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Side-by-side financial comparison of NATIONAL PRESTO INDUSTRIES INC (NPK) and OCTAVE SPECIALTY GROUP INC (OSG). Click either name above to swap in a different company.

NATIONAL PRESTO INDUSTRIES INC is the larger business by last-quarter revenue ($164.0M vs $104.2M, roughly 1.6× OCTAVE SPECIALTY GROUP INC). On growth, OCTAVE SPECIALTY GROUP INC posted the faster year-over-year revenue change (66.0% vs 21.7%). Over the past eight quarters, NATIONAL PRESTO INDUSTRIES INC's revenue compounded faster (46.3% CAGR vs 42.9%).

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

Octave Specialty Group Inc. is a specialty insurance holding company that provides tailored property and casualty insurance products. Its core business focuses on excess and surplus lines, catering to commercial and individual clients across primary North American markets with customized risk coverage solutions.

NPK vs OSG — Head-to-Head

Bigger by revenue
NPK
NPK
1.6× larger
NPK
$164.0M
$104.2M
OSG
Growing faster (revenue YoY)
OSG
OSG
+44.3% gap
OSG
66.0%
21.7%
NPK
Faster 2-yr revenue CAGR
NPK
NPK
Annualised
NPK
46.3%
42.9%
OSG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NPK
NPK
OSG
OSG
Revenue
$164.0M
$104.2M
Net Profit
$-6.9M
Gross Margin
16.9%
Operating Margin
11.4%
Net Margin
-6.6%
Revenue YoY
21.7%
66.0%
Net Profit YoY
EPS (diluted)
$-0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NPK
NPK
OSG
OSG
Q1 26
$104.2M
Q4 25
$164.0M
$66.9M
Q3 25
$115.5M
$66.6M
Q2 25
$120.4M
$55.0M
Q1 25
$103.6M
$62.8M
Q4 24
$134.7M
$65.2M
Q3 24
$91.8M
$70.0M
Q2 24
$85.1M
$51.0M
Net Profit
NPK
NPK
OSG
OSG
Q1 26
$-6.9M
Q4 25
$-29.7M
Q3 25
$5.3M
$-112.6M
Q2 25
$5.2M
$-72.7M
Q1 25
$7.6M
$-44.7M
Q4 24
$-20.9M
Q3 24
$8.1M
$-27.5M
Q2 24
$6.1M
$-750.0K
Gross Margin
NPK
NPK
OSG
OSG
Q1 26
Q4 25
16.9%
Q3 25
13.9%
Q2 25
15.4%
Q1 25
17.5%
Q4 24
24.3%
Q3 24
18.8%
Q2 24
17.3%
Operating Margin
NPK
NPK
OSG
OSG
Q1 26
Q4 25
11.4%
-76.7%
Q3 25
5.6%
-48.2%
Q2 25
5.1%
-41.8%
Q1 25
8.8%
-24.1%
Q4 24
17.3%
-55.5%
Q3 24
10.0%
-29.7%
Q2 24
7.5%
-28.9%
Net Margin
NPK
NPK
OSG
OSG
Q1 26
-6.6%
Q4 25
-73.8%
Q3 25
4.6%
-169.1%
Q2 25
4.3%
-132.3%
Q1 25
7.3%
-71.3%
Q4 24
-55.1%
Q3 24
8.8%
-39.3%
Q2 24
7.1%
-1.5%
EPS (diluted)
NPK
NPK
OSG
OSG
Q1 26
$-0.13
Q4 25
$-0.82
Q3 25
$-2.35
Q2 25
$-1.54
Q1 25
$-1.22
Q4 24
$-11.75
Q3 24
$-0.63
Q2 24
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NPK
NPK
OSG
OSG
Cash + ST InvestmentsLiquidity on hand
$3.8M
Total DebtLower is stronger
$117.1M
Stockholders' EquityBook value
$395.1M
$833.6M
Total Assets
$500.7M
$2.3B
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NPK
NPK
OSG
OSG
Q1 26
Q4 25
$3.8M
$146.4M
Q3 25
$4.6M
$27.5M
Q2 25
$4.8M
$22.5M
Q1 25
$5.5M
$34.1M
Q4 24
$22.7M
$157.2M
Q3 24
$33.2M
$40.8M
Q2 24
$53.4M
$14.6M
Total Debt
NPK
NPK
OSG
OSG
Q1 26
$117.1M
Q4 25
$117.6M
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$518.0M
Q2 24
$515.0M
Stockholders' Equity
NPK
NPK
OSG
OSG
Q1 26
$833.6M
Q4 25
$395.1M
$715.8M
Q3 25
$379.8M
$843.4M
Q2 25
$374.1M
$859.8M
Q1 25
$368.6M
$852.2M
Q4 24
$367.6M
$798.4M
Q3 24
$346.6M
$1.5B
Q2 24
$338.1M
$1.4B
Total Assets
NPK
NPK
OSG
OSG
Q1 26
$2.3B
Q4 25
$500.7M
$2.2B
Q3 25
$503.8M
$2.1B
Q2 25
$471.9M
$8.5B
Q1 25
$455.3M
$8.3B
Q4 24
$453.4M
$8.1B
Q3 24
$428.9M
$9.3B
Q2 24
$418.1M
$8.2B
Debt / Equity
NPK
NPK
OSG
OSG
Q1 26
0.14×
Q4 25
0.16×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.35×
Q2 24
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NPK
NPK
OSG
OSG
Operating Cash FlowLast quarter
$13.9M
Free Cash FlowOCF − Capex
$12.4M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-36.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NPK
NPK
OSG
OSG
Q1 26
Q4 25
$13.9M
$-52.3M
Q3 25
$-24.6M
$-41.2M
Q2 25
$-10.9M
$2.1M
Q1 25
$12.5M
$-12.6M
Q4 24
$-7.6M
$762.0K
Q3 24
$-17.5M
$48.9M
Q2 24
$-33.9M
$20.4M
Free Cash Flow
NPK
NPK
OSG
OSG
Q1 26
Q4 25
$12.4M
Q3 25
$-24.7M
Q2 25
$-13.4M
Q1 25
$-10.5M
Q4 24
$-11.3M
Q3 24
$-20.3M
Q2 24
$-34.5M
FCF Margin
NPK
NPK
OSG
OSG
Q1 26
Q4 25
7.6%
Q3 25
-21.4%
Q2 25
-11.1%
Q1 25
-10.2%
Q4 24
-8.4%
Q3 24
-22.1%
Q2 24
-40.6%
Capex Intensity
NPK
NPK
OSG
OSG
Q1 26
Q4 25
0.9%
Q3 25
0.1%
Q2 25
2.0%
Q1 25
22.2%
Q4 24
2.7%
Q3 24
3.1%
Q2 24
0.8%
Cash Conversion
NPK
NPK
OSG
OSG
Q1 26
Q4 25
Q3 25
-4.63×
Q2 25
-2.12×
Q1 25
1.64×
Q4 24
Q3 24
-2.16×
Q2 24
-5.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NPK
NPK

Segment breakdown not available.

OSG
OSG

Commissions$68.2M65%
Other$20.6M20%
Servicing and other fees$9.4M9%
Program fees$3.6M3%
Investment income$2.4M2%

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