Updated
The most significant concentration Park Aerospace discloses is ten largest customers at 71%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Park Aerospace’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'During the Company's fiscal years ended March 1, 2026, March 2, 2025, and March 3, 2024, the Company's ten largest customers accounted for approximately 71%, 66%, and 64%, respectively, of net sales.'”
“10-K Item 1A: 'The Company has qualified alternate sources of supply for many, but not all, of its raw materials, but certain raw materials are produced by only one supplier.'”
“10-K Item 1: 'During the Company's 2026, 2025, and 2024 fiscal years, 39.3%, 39.8%, and 37.7%, respectively, of the Company's total worldwide net sales were to affiliate and non-affiliate subtier suppliers of GE Aerospace, a leading manufacturer of aerospace engines.'”
“10-K Item 1: 'In addition, sales to Aerojet Rocketdyne accounted for 11.7% of the Company's total worldwide sales in the 2026 fiscal year.'”
Park Aerospace's concentration risk is dominated by customer dependency, with several overlapping layers rather than one clean number. At the broadest level, the ten largest customers accounted for approximately 71% of net sales in the fiscal year ended March 1, 2026, up from 66% and 64% in the two prior years — a high, and rising, share. Within that group, affiliate and non-affiliate subtier suppliers of GE Aerospace made up 39.3% of total worldwide net sales, and Aerojet Rocketdyne alone accounted for 11.7%, meaning a single end-market relationship and a single named customer both show up individually inside the broader top-ten figure. These are dependency exposures, not structural ones — they reflect who buys from Park Aerospace, not what the company makes. On the supply side, the company also flags that certain raw materials are produced by only one supplier, with alternates qualified for many but not all materials, a high-share dependency risk on the opposite end of the value chain from the customer concentrations. Together, the customer-side exposures are large enough, and concentrated enough in aerospace end markets, to be the dominant factor in any verdict on this name.
For the engine’s reasoning on PKE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AVAV | AeroVironment, Inc. | 2 | 1 | 1 | 4 |
| PKE● | Park Aerospace Corp. | 2 | 1 | 1 | 4 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| AIR | AAR Corp. | 0 | 0 | 1 | 1 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.