ESPEY MFG & ELECTRONICS CORP
ESP · Electronic Components, NEC · 3.0M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$236K (gross $48K, SBC $284K)
Reference price $63.28 · est. market cap ~$190M — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C62Micro-cap defense-power-electronics maker with a strong backlog-driven year, but management guides to lower FY2026 earnings and the growth figures are base-effect artifacts.
Strengths
- Strong margins and cash generation this year — operating margin 18.5% (77th), FCF margin 37.8% (100th), OCF margin 47.8% (100th)
- Good returns — ROE 16.0% (75th), ROA 10.3%
- Solid liquidity — current ratio 2.66 (44th)
Risks
- Management guides earnings DOWN in FY2026 — MD&A: net income per share anticipated below FY2025 on higher backlog costs
- Reported growth is a base-effect artifact — revenue +326.6% / net income +377.7% off a small/lumpy base
- Micro-cap with lumpy, backlog-driven results and component lead-time risk — qualitative (per 10-K)
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC, STATE STREET CORP +2 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 4→5 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC
- Insider sellingInsider selling — 129 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
28.9%
Operating margin
18.5%
Net margin
18.5%
Return on equity
16.0%
Return on assets
10.3%
Revenue growth (QoQ)
-5.9%
Net-income growth
40.0%
Current ratio
2.7×
Free cash flow
$17M
Tangible book value
$51M
Cash & investments
$44M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | HELMETAG CARL | Sell | 181 | $63.56 |
| 2026-06-24 | HELMETAG CARL | Sell | 130 | $63.91 |
| 2026-06-24 | HELMETAG CARL | Sell | 110 | $63.13 |
| 2026-06-24 | HELMETAG CARL | Sell | 105 | $63.96 |
| 2026-06-24 | HELMETAG CARL | Sell | 95 | $63.39 |
| 2026-06-24 | HELMETAG CARL | Sell | 85 | $63.92 |
| 2026-06-24 | HELMETAG CARL | Sell | 65 | $63.91 |
| 2026-06-24 | HELMETAG CARL | Sell | 35 | $63.94 |
| 2026-06-24 | HELMETAG CARL | Sell | 35 | $63.15 |
| 2026-06-24 | HELMETAG CARL | Sell | 25 | $63.92 |
| 2026-06-24 | HELMETAG CARL | Sell | 25 | $63.45 |
| 2026-06-24 | HELMETAG CARL | Sell | 22 | $63.43 |
| 2026-06-24 | HELMETAG CARL | Sell | 20 | $63.95 |
| 2026-06-24 | HELMETAG CARL | Sell | 15 | $63.96 |
| 2026-06-24 | HELMETAG CARL | Sell | 10 | $63.96 |
| 2026-06-24 | HELMETAG CARL | Sell | 10 | $63.93 |
| 2026-06-24 | HELMETAG CARL | Sell | 5 | $63.98 |
| 2026-06-24 | HELMETAG CARL | Sell | 5 | $63.97 |
| 2026-06-24 | HELMETAG CARL | Sell | 5 | $63.93 |
| 2026-06-24 | HELMETAG CARL | Sell | 5 | $63.28 |
| 2026-06-24 | HELMETAG CARL | Sell | 5 | $63.25 |
| 2026-06-24 | HELMETAG CARL | Sell | 5 | $63.16 |
| 2026-06-24 | HELMETAG CARL | Sell | 2 | $63.28 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $66.31 |
| 2026-06-23 | CORR PAUL J | Sell | 32 | $66.39 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $66.40 |
| 2026-06-23 | CORR PAUL J | Option exercise | 2.5K | $18.05 |
| 2026-06-23 | CORR PAUL J | Sell | 12 | $65.08 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $65.30 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $65.42 |
| 2026-06-23 | CORR PAUL J | Sell | 200 | $65.52 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $65.59 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $65.64 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $65.69 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $65.74 |
| 2026-06-23 | CORR PAUL J | Sell | 200 | $65.80 |
| 2026-06-23 | CORR PAUL J | Sell | 150 | $65.84 |
| 2026-06-23 | CORR PAUL J | Sell | 104 | $65.94 |
| 2026-06-23 | CORR PAUL J | Sell | 200 | $65.98 |
| 2026-06-23 | CORR PAUL J | Sell | 200 | $65.99 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $66.00 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $66.03 |
| 2026-06-23 | CORR PAUL J | Sell | 17 | $66.12 |
| 2026-06-23 | CORR PAUL J | Sell | 11 | $66.16 |
| 2026-06-23 | CORR PAUL J | Sell | 200 | $66.17 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $66.18 |
| 2026-06-23 | CORR PAUL J | Sell | 100 | $66.19 |
| 2026-06-23 | CORR PAUL J | Sell | 12 | $66.23 |
| 2026-06-23 | CORR PAUL J | Sell | 12 | $66.28 |
| 2026-06-22 | WOOL MICHAEL W | Gift | 600 | $8.98 |
| 2026-06-22 | WOOL MICHAEL W | Gift | 900 | $11.25 |
| 2026-06-22 | Pickering Jennifer Michele | Option exercise | 2.5K | $24.46 |
| 2026-06-22 | Pickering Jennifer Michele | Sell | 2.5K | $63.00 |
| 2026-06-22 | ONEIL DAVID A | Sell | 2.5K | $67.71 |
| 2026-05-27 | WOOL MICHAEL W | Option exercise | 2.1K | $20.50 |
| 2026-05-21 | HELMETAG CARL | Option exercise | 2.0K | $21.75 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $65.56 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.23 |
| 2026-05-15 | CORR PAUL J | Sell | 29 | $66.64 |
| 2026-05-15 | CORR PAUL J | Sell | 15 | $67.16 |
| 2026-05-15 | CORR PAUL J | Sell | 300 | $66.57 |
| 2026-05-15 | CORR PAUL J | Sell | 96 | $66.65 |
| 2026-05-15 | CORR PAUL J | Sell | 15 | $66.09 |
| 2026-05-15 | CORR PAUL J | Sell | 99 | $65.90 |
| 2026-05-15 | CORR PAUL J | Sell | 57 | $66.56 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.37 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.15 |
| 2026-05-15 | CORR PAUL J | Sell | 99 | $65.91 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.67 |
| 2026-05-15 | CORR PAUL J | Sell | 46 | $66.67 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.36 |
| 2026-05-15 | CORR PAUL J | Sell | 1 | $68.20 |
| 2026-05-15 | CORR PAUL J | Sell | 1 | $66.04 |
| 2026-05-15 | CORR PAUL J | Sell | 69 | $67.15 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $65.42 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.57 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $65.95 |
| 2026-05-15 | CORR PAUL J | Sell | 8 | $65.81 |
| 2026-05-15 | CORR PAUL J | Sell | 90 | $66.66 |
| 2026-05-15 | CORR PAUL J | Sell | 26 | $67.48 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $65.94 |
| 2026-05-15 | CORR PAUL J | Sell | 141 | $65.60 |
| 2026-05-15 | CORR PAUL J | Sell | 84 | $66.63 |
| 2026-05-15 | CORR PAUL J | Sell | 76 | $65.80 |
| 2026-05-15 | CORR PAUL J | Sell | 5 | $68.01 |
| 2026-05-15 | CORR PAUL J | Option exercise | 2.5K | $20.50 |
| 2026-05-15 | CORR PAUL J | Sell | 7 | $66.10 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $66.59 |
| 2026-05-15 | CORR PAUL J | Sell | 100 | $67.19 |
| 2026-05-15 | CORR PAUL J | Sell | 78 | $67.47 |
| 2026-05-15 | CORR PAUL J | Sell | 8 | $68.15 |
| 2026-03-02 | HELMETAG CARL | Option exercise | 1.6K | $26.25 |
| 2026-02-23 | WOOL MICHAEL W | Option exercise | 1.8K | $27.21 |
| 2026-02-19 | WOOL MICHAEL W | Sell | 1.0K | $57.90 |
| 2026-02-18 | CORR PAUL J | Sell | 200 | $58.35 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.46 |
| 2026-02-18 | CORR PAUL J | Sell | 142 | $58.84 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.42 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.44 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.39 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.38 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.49 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.10 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.40 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.31 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.11 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.13 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.02 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.40 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.45 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.40 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.19 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.31 |
| 2026-02-18 | CORR PAUL J | Option exercise | 2.2K | $27.21 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $59.43 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.54 |
| 2026-02-18 | CORR PAUL J | Sell | 200 | $58.09 |
| 2026-02-18 | CORR PAUL J | Sell | 92 | $57.50 |
| 2026-02-18 | CORR PAUL J | Sell | 6 | $58.25 |
| 2026-02-18 | CORR PAUL J | Sell | 41 | $58.41 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $58.36 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.30 |
| 2026-02-18 | CORR PAUL J | Sell | 166 | $57.26 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.81 |
| 2026-02-18 | CORR PAUL J | Sell | 200 | $57.30 |
| 2026-02-18 | CORR PAUL J | Sell | 159 | $57.70 |
| 2026-02-18 | CORR PAUL J | Sell | 300 | $57.35 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.41 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.64 |
| 2026-02-18 | CORR PAUL J | Sell | 100 | $57.64 |
| 2026-02-18 | CORR PAUL J | Sell | 21 | $57.65 |
| 2026-02-18 | CORR PAUL J | Sell | 88 | $57.89 |
| 2026-02-18 | CORR PAUL J | Sell | 126 | $57.08 |
| 2026-02-18 | CORR PAUL J | Sell | 1 | $57.08 |
| 2026-02-18 | CORR PAUL J | Sell | 400 | $59.49 |
| 2026-02-18 | CORR PAUL J | Option exercise | 2.4K | $21.75 |
| 2026-02-13 | ONEIL DAVID A | Option exercise | 2.5K | $27.21 |
| 2026-02-13 | ONEIL DAVID A | Sell | 1.2K | $50.00 |
| 2026-02-13 | ONEIL DAVID A | Sell | 2.5K | $50.00 |
| 2026-02-13 | ONEIL DAVID A | Sell | 2.9K | $50.00 |
| 2026-02-13 | ONEIL DAVID A | Sell | 2.2K | $50.00 |
| 2026-02-13 | ONEIL DAVID A | Option exercise | 2.2K | $26.25 |
| 2026-02-13 | ONEIL DAVID A | Option exercise | 2.9K | $21.75 |
| 2026-01-27 | WOOL MICHAEL W | Option exercise | 2.0K | $21.75 |
| 2025-12-29 | ONEIL DAVID A | Sell | 1.0K | $45.76 |
| 2025-12-26 | ONEIL DAVID A | Sell | 1.0K | $46.78 |
| 2025-12-19 | ONEIL DAVID A | Sell | 1.0K | $44.00 |
| 2025-12-18 | ONEIL DAVID A | Sell | 1.0K | $43.50 |
| 2025-12-16 | HELMETAG CARL | Sell | 1.0K | $44.99 |
| 2025-09-11 | ONEIL DAVID A | Option exercise | 5.0K | $16.54 |
| 2025-08-27 | ONEIL DAVID A | Option exercise | 3.8K | $18.05 |
| 2025-08-27 | ONEIL DAVID A | Option exercise | 2.5K | $20.50 |
| 2025-08-05 | ONEIL DAVID A | Option exercise | 5.0K | $13.61 |
| 2025-07-28 | WOOL MICHAEL W | Gift | 100 | $8.98 |
| 2025-06-30 | WOOL MICHAEL W | Option exercise | 1.6K | $26.25 |
| 2025-06-24 | ONEIL DAVID A | Sell | 4.0K | $40.00 |
| 2025-06-24 | ONEIL DAVID A | Option exercise | 4.0K | $14.87 |
| 2025-06-23 | ONEIL DAVID A | Sell | 2.0K | $40.04 |
| 2025-06-23 | ONEIL DAVID A | Option exercise | 2.0K | $14.87 |
| 2025-06-11 | CORR PAUL J | Sell | 500 | $41.00 |
| 2025-06-11 | CORR PAUL J | Option exercise | 2.0K | $26.25 |
| 2025-06-11 | CORR PAUL J | Sell | 300 | $41.05 |
| 2025-06-11 | CORR PAUL J | Sell | 1.0K | $41.10 |
| 2025-06-11 | CORR PAUL J | Sell | 200 | $41.05 |
| 2025-06-03 | ONEIL DAVID A | Sell | 1.0K | $38.00 |
| 2025-05-29 | ONEIL DAVID A | Sell | 2.0K | $38.05 |
| 2025-05-23 | ONEIL DAVID A | Sell | 999 | $36.00 |
| 2025-05-22 | ONEIL DAVID A | Sell | 314 | $36.01 |
| 2025-05-21 | ONEIL DAVID A | Sell | 687 | $36.00 |
| 2025-05-19 | ONEIL DAVID A | Sell | 5.0K | $35.80 |
| 2025-05-16 | WOOL MICHAEL W | Option exercise | 1.6K | $26.09 |
| 2025-05-16 | WOOL MICHAEL W | Sell | 1.6K | $35.49 |
| 2025-05-15 | CORR PAUL J | Sell | 500 | $36.42 |
| 2025-05-15 | CORR PAUL J | Sell | 200 | $36.27 |
| 2025-05-15 | CORR PAUL J | Sell | 200 | $36.29 |
| 2025-05-15 | CORR PAUL J | Sell | 100 | $36.31 |
| 2025-05-15 | CORR PAUL J | Sell | 600 | $36.43 |
| 2025-05-15 | ONEIL DAVID A | Option exercise | 2.0K | $26.09 |
| 2025-05-15 | CORR PAUL J | Option exercise | 1.6K | $26.09 |
| 2025-05-15 | ONEIL DAVID A | Sell | 2.0K | $36.52 |
| 2025-05-14 | HELMETAG CARL | Option exercise | 1.6K | $26.09 |
| 2025-04-11 | WOOL MICHAEL W | Gift | 100 | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- United States Department of Defense
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2025-12-09 | Shareholder voteOtherExhibits | filing ↗ |
| 2025-10-01 | Auditor change | filing ↗ |
| 2025-09-09 | Exec/director changeExhibits | filing ↗ |
| 2025-09-08 | OtherExhibits | filing ↗ |
| 2025-04-10 | Other | filing ↗ |
| 2025-03-11 | Exec/director changeExhibits | filing ↗ |
| 2025-02-18 | Exec/director changeOtherExhibits | filing ↗ |
| 2024-12-09 | Exec/director changeShareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-12 | 2026-03-31 | 0001174947-26-000585 ↗ |
| 10-Q | 2026-02-10 | 2025-12-31 | 0001174947-26-000152 ↗ |
| 8-K | 2025-12-09 | 2025-12-05 | 0001174947-25-001404 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001174947-25-001381 ↗ |
| 8-K | 2025-10-01 | 2025-09-30 | 0001174947-25-001258 ↗ |
| 10-K | 2025-09-16 | 2025-06-30 | 0001174947-25-001227 ↗ |
| 8-K | 2025-09-09 | 2025-09-09 | 0001174947-25-001188 ↗ |
| 8-K | 2025-09-08 | 2025-09-08 | 0001174947-25-001182 ↗ |
| 10-Q | 2025-05-12 | 2025-03-31 | 0001174947-25-000741 ↗ |
| 8-K | 2025-04-10 | 2025-04-10 | 0001174947-25-000565 ↗ |
| 8-K | 2025-03-11 | 2025-03-11 | 0001174947-25-000312 ↗ |
| 8-K | 2025-02-18 | 2025-02-18 | 0001174947-25-000183 ↗ |