Astronics Corporation (ATRO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.61	$0.7	+14.8%	—	$260M	—
Q4 25	$0.5	$0.63	+26.0%	—	$240.1M	—
Q3 25	$0.35	$0.41	+17.1%	—	$211.4M	—
Q2 25	$0.32	$0.32	0.0%	—	$204.7M	—
Q1 25	$0.25	$0.37	+48.0%	—	$205.9M	—
Q4 24	$0.23	$0.4	+73.9%	—	$208.5M	—
Q3 24	$0.2	$0.29	+45.0%	—	$203.7M	—
Q2 24	$0.14	$0.16	+14.3%	—	$198.1M	—
Q1 24	$0.05	$0.07	+40.0%	—	$185.1M	—
Q4 23	$0.1	$0.29	+190.0%	—	$195.3M	—
Q3 23	$0.03	-$0.17	-666.7%	—	$493.9M	—
Q2 23	-$0.03	-$0.37	-1133.3%	—	$174.5M	—
Q1 23	-$0.31	-$0.14	+54.8%	—	$156.5M	—
Q4 22	-$0.18	-$0.21	-16.7%	—	$158.2M	—
Q3 22	-$0.25	-$0.46	-84.0%	—	$131.4M	—
Q2 22	-$0.2	-$0.25	-25.0%	—	$129.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.69	—	—	$862.1M	—
FY24	—	-$0.46	—	—	$795.4M	—
FY23	—	-$0.8	—	—	$689.2M	—
FY22	—	-$1.11	—	—	$534.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$633.1M	$624.5M	$803.3M	$772.7M	$502.6M	$444.9M	$534.9M	$689.2M	$795.4M	$862.1M
YoY change	-8.55%	-1.37%	+28.6%	-3.8%	-35%	-11.5%	+20.2%	+28.8%	+15.4%	+8.39%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	633.1M	624.5M	803.3M	772.7M	502.6M	444.9M	534.9M	689.2M	795.4M	862.1M
Cost of revenue	473.7M	487.4M	622.6M	616.6M	405.7M	379.5M	463.4M	568.4M	627.1M	604M
Gross profit	159.5M	137.1M	180.7M	156.1M	96.8M	65.4M	71.5M	120.8M	168.3M	258.2M
Gross margin	25.2%	22%	22.5%	20.2%	19.3%	14.7%	13.4%	17.5%	21.2%	29.9%
Research & development	—	—	—	—	—	—	—	—	—	43.5M
Selling, general & administrative	84.6M	88.8M	117M	143.4M	110.5M	99.1M	101.6M	127.5M	141.9M	138.3M
Operating expenses	84.6M	88.8M	117M	143.4M	110.5M	99.1M	101.6M	127.5M	141.9M	181.7M
Operating income	74.9M	48.3M	63.7M	12.8M	-13.7M	-33.7M	-30M	-6.7M	26.5M	76.4M
Operating margin	11.8%	7.74%	7.93%	1.65%	-2.72%	-7.57%	-5.62%	-0.97%	3.33%	8.86%
Non-operating income, net	-1.7M	-18M	-1.7M	61.7M	-179M	13.5M	9.7M	3.7M	-12.3M	-31.9M
Pretax income	68.8M	25M	52.3M	68.3M	-112.4M	-27M	-29.8M	-26.3M	-7.9M	31.9M
Income tax	20.4M	5.3M	5.5M	16.3M	3.4M	-1.4M	6M	110K	8.3M	2.6M
Net income	48.4M	19.7M	46.8M	52M	-115.8M	-25.6M	-35.7M	-26.4M	-16.2M	29.4M
Net margin	7.65%	3.15%	5.83%	6.73%	-23%	-5.75%	-6.68%	-3.83%	-2.04%	3.41%
EBITDA	100.7M	91.6M	98.7M	-21.9M	192.2M	-20.4M	-13.6M	16M	61.1M	130.9M
EPS	1.44	0.6	1.45	1.62	-3.76	-0.82	-1.11	-0.8	-0.46	0.69
Diluted EPS	1.4	0.58	1.41	1.6	-3.76	-0.82	-1.11	-0.8	-0.46	0.68

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	493.9M	195.3M	185.1M	198.1M	203.7M	208.5M	205.9M	204.7M	211.4M	240.1M	230.6M	260M
Cost of revenue	413.1M	155.3M	150.9M	156.8M	161M	158.5M	145.1M	151.9M	146.9M	160.1M	155.5M	173.1M
Gross profit	80.8M	40M	34.2M	41.4M	42.7M	50.1M	60.8M	52.8M	64.5M	80M	75.1M	86.9M
Gross margin	16.4%	20.5%	18.5%	20.9%	21%	24%	29.5%	25.8%	30.5%	33.3%	32.6%	33.4%
Research & development	—	—	—	—	—	—	11.1M	11.6M	10.2M	10.6M	12.1M	10.9M
Selling, general & administrative	95.3M	32.2M	32.5M	33.8M	34.4M	41.2M	36.6M	36.5M	31.2M	33.9M	35.8M	35.6M
Operating expenses	95.3M	32.2M	32.5M	33.8M	34.4M	41.2M	47.7M	48.1M	41.5M	44.5M	47.9M	46.4M
Operating income	-14.5M	7.8M	1.7M	7.5M	8.4M	8.9M	13.1M	4.8M	23.1M	35.5M	27.2M	40.5M
Operating margin	-2.93%	3.98%	0.9%	3.81%	4.11%	4.26%	6.38%	2.32%	10.9%	14.8%	11.8%	15.6%
Non-operating income, net	4M	-301K	-436K	-435K	-7.3M	-4.1M	187K	190K	-32.5M	176K	-109K	-281K
Pretax income	-27.8M	1.5M	-4.5M	1.3M	-5.2M	576K	10.2M	1.9M	-12.3M	32.2M	24.8M	37.9M
Income tax	5.6M	-5.4M	-1.4M	-274K	6.6M	3.4M	646K	537K	-1.2M	2.6M	-755K	2.8M
Net income	-33.4M	7M	-3.2M	1.5M	-11.7M	-2.8M	9.5M	1.3M	-11.1M	29.6M	25.5M	35.1M
Net margin	-6.76%	3.57%	-1.72%	0.77%	-5.76%	-1.36%	4.63%	0.64%	-5.25%	12.3%	11.1%	13.5%
EBITDA	-11.5M	14.1M	7.6M	13.8M	21.4M	17.9M	18.9M	10.1M	60.9M	41.2M	33.1M	46.8M
EPS	-1.02	0.2	-0.09	0.04	-0.34	-0.08	0.27	0.03	-0.26	0.69	0.59	0.82
Diluted EPS	-1.02	0.2	-0.09	0.04	-0.34	-0.08	0.26	0.03	-0.26	0.65	0.56	0.75

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	766.5M	918.4M	982.9M	897.5M	407.4M	374.3M	331.7M	576.7M	562.6M	—	2.9B
Enterprise value	896.7M	1.2B	1.2B	1.1B	561.6M	526.4M	496.3M	769.6M	747.2M	—	3.3B
Shares outstanding	33.5M	32.8M	32.3M	32.1M	30.8M	31.2M	32.2M	33.1M	35.3M	42.4M	42.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.8	46.7	21	17.3	—	—	—	—	—	—	37.3
P/S	1.21	1.47	1.22	1.16	0.81	0.84	0.62	0.84	0.71	—	3.12
P/B	2.27	2.78	2.54	2.31	1.51	1.46	1.38	2.31	2.2	—	14.8
EV/EBITDA	8.91	12.8	12.2	-49.3	2.92	-25.8	-36.6	48.1	12.2	—	22.3
EV/Sales	1.42	1.88	1.49	1.4	1.12	1.18	0.93	1.12	0.94	—	3.52
Earnings yield	6.32%	2.14%	4.76%	5.8%	—	—	—	—	—	—	2.68%
FCF yield	4.67%	2.65%	3.92%	3.41%	7.33%	-3.09%	-10.8%	-5.48%	3.94%	—	0.58%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.2%	22%	22.5%	20.2%	19.3%	14.7%	13.4%	17.5%	21.2%	29.9%	33.4%
Operating margin	11.8%	7.74%	7.93%	1.65%	-2.72%	-7.57%	-5.62%	-0.97%	3.33%	8.86%	14.8%
Net margin	7.65%	3.15%	5.83%	6.73%	-23%	-5.75%	-6.68%	-3.83%	-2.04%	3.41%	8.4%
ROE	14.4%	5.96%	12.1%	13.4%	-42.8%	-9.97%	-14.9%	-10.6%	-6.33%	21%	33.7%
ROA	8.01%	2.67%	6.04%	6.65%	-18.7%	-4.2%	-5.81%	-4.17%	-2.5%	4.15%	11.2%
ROIC	11.3%	6.52%	9.44%	1.71%	-3.22%	-8.24%	-7.43%	-1.51%	6.01%	14%	22.3%
Return on tangible assets	27.2%	11.1%	18.1%	21.8%	-40.9%	-8.42%	-10.5%	-6.84%	-3.79%	6.24%	14.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.95	3.06	2.92	2.84	3.38	2.87	2.41	2.72	2.73	3.1	2.97
Quick ratio	1.6	1.6	1.84	1.64	1.71	1.54	1.17	1.38	1.45	1.71	1.63
Debt / equity	0.44	0.82	0.61	0.55	0.72	0.71	0.74	0.79	0.76	2.7	1.78
Debt / assets	0.25	0.37	0.3	0.27	0.31	0.3	0.29	0.31	0.3	0.54	0.46
Net debt / EBITDA	1.29	2.77	2.2	-8.31	0.8	-7.46	-12.1	12.1	3.02	2.75	1.89
Effective tax rate	29.6%	21.3%	10.5%	23.8%	0%	0%	0%	0%	0%	8.1%	4.17%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	18.9	19	24.9	24.1	16.3	14.3	16.6	20.8	22.6	20.3	22
EPS (basic)	1.44	0.6	1.45	1.62	-3.76	-0.82	-1.11	-0.8	-0.46	0.69	0.69
EPS (diluted)	1.4	0.58	1.41	1.6	-3.76	-0.82	-1.11	-0.8	-0.46	0.68	1.83
Book value per share	10.1	10.1	12	12.1	8.78	8.23	7.45	7.54	7.27	3.3	4.61
FCF per share	1.07	0.74	1.19	0.95	0.97	-0.37	-1.12	-0.95	0.63	1.02	1.3
Cash per share	0.53	0.55	0.51	0.99	1.31	0.95	0.43	0.14	0.26	0.43	0.21
Capex per share	—	—	—	—	—	—	—	—	—	0.75	0.9

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	3.67%	4.44%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	42.3%	40.8%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.713

ex-dividend Oct 25, 2012

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 25, 2012	$0.713
Oct 2, 2008	$0.6865
Mar 17, 2003	$0.3713
Nov 14, 2001	$0.4759
Oct 13, 2000	$0.1123
Jan 25, 1995	$0.0001
Jan 25, 1994	$0.0001
Apr 28, 1989	$0.0086

Split history

Date	Ratio

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$493.9M	$195.3M	$185.1M	$198.1M	$203.7M	$208.5M	$205.9M	$204.7M	$211.4M	$240.1M	$230.6M	$260M
YoY change	+275.8%	+23.5%	+18.2%	+13.6%	-58.8%	+6.78%	+11.3%	+3.31%	+3.8%	+15.1%	+12%	+27%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	17.9M	17.9M	16.6M	31.9M	40.4M	29.8M	13.8M	4.8M	9.3M	18.2M
Receivables	93.8M	114.5M	150.8M	132M	78.6M	84.7M	123.1M	135M	139.7M	150.8M
Inventory	116.6M	150.2M	138.7M	145.8M	157.1M	157.6M	188M	191.8M	199.7M	196.9M
Total current assets	255.1M	315.3M	374.2M	343.1M	316.9M	339.9M	365.3M	389.8M	426.2M	437.7M
Property, plant & equipment	43.6M	44M	37M	61.4M	50.1M	40.8M	29.9M	41.9M	32.1M	55.9M
Goodwill & intangibles	426.6M	558.3M	516.7M	544.5M	336.3M	305.2M	274.9M	247.3M	221.1M	236.6M
Total assets	604.3M	736M	774.6M	782.7M	619.7M	609.1M	615M	633.8M	648.8M	706.7M
Accounts payable	25.1M	41.8M	50.7M	35.8M	26.4M	34.9M	64.2M	61.1M	43M	41.1M
Short-term debt	2.6M	2.7M	1.9M	4.7M	5M	6.8M	8.9M	14.1M	4.7M	5.8M
Total current liabilities	86.6M	102.9M	128.1M	120.6M	93.7M	118.6M	151.6M	143.3M	156.2M	141.3M
Long-term debt	145.5M	269.1M	232.1M	209M	189.6M	175M	169.4M	183.6M	189.2M	372.6M
Total liabilities	266.9M	406M	388M	393.9M	349.4M	352.5M	375.1M	384.3M	392.7M	566.6M
Shareholders' equity	337.4M	329.9M	386.6M	388.9M	270.4M	256.6M	239.9M	249.5M	256.1M	140.1M
Total debt	148.1M	271.8M	234M	213.8M	194.6M	181.8M	178.4M	197.7M	193.9M	378.4M
Net debt	130.2M	253.9M	217.4M	181.9M	154.2M	152M	164.6M	192.9M	184.6M	360.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	4M	4.8M	5.3M	2.9M	5.2M	9.3M	24.8M	13.5M	13.5M	18.2M	11.9M	9M
Receivables	153M	135M	178.8M	187.8M	195.8M	139.7M	194M	187.3M	188.6M	150.8M	217M	228.9M
Inventory	203.9M	191.8M	199.5M	200.7M	205M	199.7M	197.9M	194.3M	197.3M	196.9M	211.9M	220.1M
Total current assets	381.2M	389.8M	391.9M	412.4M	424.2M	426.2M	432.5M	418.7M	432.6M	437.7M	468.6M	485.7M
Property, plant & equipment	43.6M	41.9M	111.1M	108.8M	106.2M	32.1M	41.9M	42.3M	48.4M	55.9M	51.7M	47.4M
Goodwill & intangibles	253.7M	247.3M	240.6M	234M	227.7M	221.1M	215.2M	209.7M	221.7M	236.6M	233.3M	227.8M
Total assets	630.9M	633.8M	630M	644.9M	651.6M	648.8M	662.2M	646.7M	682.2M	706.7M	747.1M	760.8M
Accounts payable	69.6M	61.1M	61.3M	56.2M	57.1M	43M	45.3M	46M	51.7M	41.1M	55.9M	64.4M
Short-term debt	13.6M	14.1M	14.4M	6.8M	5.6M	4.7M	5.1M	5M	6M	5.8M	6M	5.9M
Total current liabilities	158.2M	143.3M	151.3M	141.1M	150M	156.2M	157.8M	137.9M	151M	141.3M	157.7M	163.4M
Long-term debt	185M	183.6M	176.8M	195.1M	199.8M	189.2M	191M	190.8M	373.4M	372.6M	373.1M	347M
Total liabilities	398.5M	384.3M	378.2M	387M	402.4M	392.7M	395.5M	375.1M	573.3M	566.6M	585.4M	562.6M
Shareholders' equity	232.4M	249.5M	251.7M	257.9M	249.2M	256.1M	266.8M	271.6M	108.9M	140.1M	161.7M	198.2M
Total debt	198.6M	197.7M	191.2M	201.8M	205.5M	193.9M	196.1M	195.8M	379.4M	378.4M	379.1M	353M
Net debt	194.6M	192.9M	185.9M	199M	200.3M	184.6M	171.3M	182.4M	365.9M	360.2M	367.2M	343.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	48.4M	19.7M	46.8M	52M	-115.8M	-25.6M	-35.7M	-26.4M	-16.2M	29.4M
Depreciation & amortization	25.8M	27.1M	35M	33M	31.9M	29M	27.8M	26.1M	24.5M	21.8M
Stock-based compensation	2.3M	2.6M	3.1M	3.8M	5.2M	6.5M	6.5M	11.4M	8.6M	6.8M
Change in working capital	-31.8M	-21.1M	-35.2M	-6.1M	7.9M	-17.6M	-34.3M	-60.4M	-58.7M	-15.4M
Operating cash flow	40.1M	21.8M	47.4M	100.4M	-41.5M	7.4M	-26.1M	-46.3M	-23.3M	74.8M
Capital expenditure	—	—	—	—	—	—	—	—	—	-31.7M
Investing cash flow	-1.6M	-116.1M	-3.4M	76.7M	1.7M	9.2M	22.1M	3.5M	0	-53.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-17.6M	-32.4M	0	-50.8M	-7.7M	0	0	—	—	—
Financing cash flow	-38.6M	91M	-38.3M	-91.6M	-25.2M	-10.9M	-1.5M	23M	-14.3M	3.7M
Net change in cash	-96K	-3.3M	5.7M	85.4M	-65.1M	5.7M	-5.6M	-19.8M	-37.6M	24.8M
Free cash flow	35.8M	24.3M	38.6M	30.6M	29.9M	-11.6M	-36M	-31.6M	22.1M	43.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-17M	7M	-3.2M	1.5M	-11.7M	-2.8M	9.5M	1.3M	-11.1M	29.6M	25.5M	35.1M
Depreciation & amortization	6.4M	6.3M	6.3M	6.2M	6M	5.9M	5.6M	5.4M	5.2M	5.7M	5.9M	6.3M
Stock-based compensation	1.6M	5.8M	2.8M	1.8M	1.8M	2.2M	2.3M	1.6M	1.4M	1.5M	2.6M	2.3M
Change in working capital	-7.8M	-27.3M	-10.9M	-31.5M	-8M	-8.4M	5.9M	-13.4M	-1.4M	-6.6M	-18.6M	-25.9M
Operating cash flow	-13.9M	-5M	-467K	-18.9M	-8.5M	4.5M	30.4M	-7.6M	34.2M	27.6M	10.6M	30.1M
Capital expenditure	—	—	—	—	—	—	—	-4.6M	-13.2M	-11.8M	-11.2M	-5.7M
Investing cash flow	0	110K	0	0	0	0	—	-4.6M	-13.2M	-29.3M	-11.2M	-5.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-9.3M	6.7M	-6.8M	10.7M	-4.7M	-13.6M	-9.6M	-1.2M	16.8M	-2.3M	-60K	-27.2M
Net change in cash	-23.2M	1.8M	-7.2M	-8.1M	-13.2M	-9.1M	20.8M	-13.4M	37.8M	-3.9M	-614K	-2.8M
Free cash flow	-3.4M	-3.3M	439K	-8.1M	6.5M	23.2M	18.5M	-12.2M	21M	15.8M	-554K	24.4M

Astronics Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement