National Presto (NPK), a small-cap company with a 120-year history and a market capitalization of 1 billion dollars, has repeatedly hit new highs. Its diversified business spans small appliances, safety equipment, and U.S. military ammunition, benefiting from global conflicts. The company projects defense sales growth of 42% in 2025, with order backlog reaching 1.4 billion dollars, up 27% year-over-year. Over the past year, the stock has surged 58% to $140.25, with a P/E ratio of 25 and a dividend yield of 0.71%.