Wednesday 14 October 2026 Export ATRO’s income statement to Excel — free account

Astronics Corporation

Astronics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $862.1 million, up 8.39% from fiscal 2024. In the quarter to June 2026, revenue grew 27.0%, EPS grew 2,362.5%, free cash flow grew 299.4% and total debt rose 94.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.

61.81 1.30 −2.06%

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Market cap: $2.7B
P/E: 34.2×
Fwd P/E: 32.7×
Dividend yield: —
F-score: 7/9
Altman Z: 4.46
Beneish M: −2.79
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.52

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	—	—	—	—	—	—	—	—

Insider Ownership 18.13%

Capital & Financial Ratios $m

Market Cap 2,710.00

Revenue 942.09

Net Income 79.12

Free Cash Flow 60.68

Net Debt 301.30

Current Ratio 2.97

Debt/Equity 1.57

P/E ratio 34.20

Fwd P/E 32.70

P/S ratio 2.88

P/B ratio 13.69

Past 5Y EPS Growth —

This Y EPS Growth 68.66%

Next Y EPS Growth 15.25%

Next Y revenue growth 19.70%

Next 5Y EPS Growth (5.00%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 68.99%

10-year low 10-year high

P/S against its own 10 years 94.39%

10-year low 10-year high

P/B against its own 10 years 90.44%

10-year low 10-year high

EV/Sales against its own 10 years 94.21%

10-year low 10-year high

EV/FCF against its own 10 years 71.90%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	11	18	18	9
Receivables	172	191	205	229
Inventory	192	200	197	220
Other	—	—	—	—
	390	426	438	486

	2023	2024	2025	Q'26
Payables	61	43	41	64
ST’ Debt	9	—	—	—
Other	—	—	—	27
	143	156	141	163

Compound Annual Growth %

	10y	5y	3y
Sales	2.22%	11.40%	17.25%
Cash Flow	(0.48%)	14.91%	0.00%
Earnings	(7.92%)	0.00%	0.00%
Book Value	(7.34%)	(12.32%)	(16.42%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	231	260	—	—	—
’25	206	205	211	240	862
’24	185	198	204	209	795
’23	157	174	163	195	689
’22	116	129	131	158	535
’21	106	111	112	116	445
’20	158	124	107	115	503

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	11	30	—	—	—
’25	21	(8)	34	28	75
’24	2	(6)	8	26	31
’23	(19)	(2)	(1)	(2)	(24)
’22	0	(11)	(29)	11	(28)
’21	(7)	5	(16)	13	(6)
’20	23	18	(10)	6	37

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	24	—	—	—
’25	19	(12)	21	16	43
’24	0	(8)	7	23	22
’23	(21)	(4)	(3)	(3)	(32)
’22	(1)	(12)	(31)	7	(36)
’21	(9)	3	(17)	12	(12)
’20	20	19	(12)	2	30

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.56	0.75	—	—	—
’25	0.22	0.03	(0.26)	0.65	0.68
’24	(0.07)	0.03	(0.28)	(0.07)	(0.38)
’23	(0.12)	(0.31)	(0.42)	0.17	(0.67)
’22	(0.08)	(0.28)	(0.38)	(0.17)	(0.92)
’21	(0.32)	(0.22)	(0.19)	0.04	(0.68)
’20	(1.81)	(0.64)	(0.14)	(0.54)	(3.13)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	14.53	16.17	22.00	20.63	5.03	7.93	5.95	7.92	11.28	12.36	Analyst estimates 2026–2028 Powerpack
	High	27.70	29.84	33.39	35.39	23.23	16.70	11.87	17.91	18.95	45.27
People
People	Employees	2,304	2,500	2,700	2,800	2,200	2,100	2,400	2,500	2,500	2,700
	Revenue/emp, $m	0.27	0.25	0.30	0.28	0.23	0.21	0.22	0.28	0.32	0.32
Income, $m
Income, $m	Revenue	633	624	803	773	503	445	535	689	795	862
	Gross margin, %	25.19	21.96	22.50	20.21	19.27	14.69	13.37	25.32	27.71	29.94
	EBT	69	25	52	68	(112)	(27)	(30)	(26)	(8)	32
	EBT margin, %	10.86	4.00	6.51	8.84	(22.37)	(6.06)	(5.57)	(3.82)	(0.99)	3.71
	Net income	48	20	47	52	(116)	(26)	(36)	(26)	(16)	29
	Depreciation	26	27	35	33	32	29	28	29	28	25
Per share, $
Per share, $	Revenue	15.73	15.83	20.69	20.10	13.60	11.94	13.86	17.35	18.92	20.27
	Earnings	1.38	0.58	1.21	1.35	(3.13)	(0.68)	(0.92)	(0.67)	(0.38)	0.69
	Cash flow	1.21	0.96	1.41	1.11	1.01	(0.15)	(0.73)	(0.60)	0.73	1.76
	Capex	(0.32)	(0.34)	(0.42)	(0.31)	(0.20)	(0.16)	(0.20)	(0.19)	(0.20)	(0.74)
	Free cash flow	0.89	0.62	0.99	0.80	0.81	(0.31)	(0.93)	(0.80)	0.53	1.01
	Book value	8.39	8.36	9.96	10.12	7.32	6.88	6.22	6.28	6.09	3.29
	Shares, m	40	39	39	38	37	37	39	40	42	43
Valuation, ×
Valuation, ×	P/E	15.31	50.37	19.18	17.27	0.00	0.00	0.00	0.00	0.00	62.58
	P/S	1.46	1.80	1.17	1.11	0.78	0.80	0.57	0.79	0.67	2.14
	P/B	2.74	3.41	2.44	2.21	1.44	1.39	1.30	2.19	2.09	13.14
	EV/Sales	1.67	2.21	1.45	1.31	1.05	1.12	0.84	1.02	0.86	2.50
	EV/FCF	29.43	56.77	30.10	33.12	17.74	(42.99)	(12.85)	(22.26)	31.01	50.04
Cash, $m
Cash, $m	Operating cash flow	49	38	55	43	37	(6)	(28)	(24)	31	75
	Capex	(13)	(13)	(16)	(12)	(7)	(6)	(8)	(8)	(8)	(32)
	Free cash flow	36	24	39	31	30	(12)	(36)	(32)	22	43
Balance, $m
Balance, $m	Working capital	169	212	246	222	223	221	214	246	270	296
	Total debt	148	272	234	188	180	170	164	168	169	334
	Net debt	130	254	217	156	140	140	150	157	150	316
	Shareholders’ equity	337	330	387	389	270	257	240	250	256	140
Returns, %
Returns, %	ROA	7.98	2.94	6.20	6.68	(16.51)	(4.16)	(5.84)	(4.23)	(2.53)	4.33
	ROIC	10.01	3.44	6.59	0.20	(15.35)	(4.52)	(4.81)	(1.03)	4.07	10.47
	ROE	15.19	5.90	13.06	13.42	(35.13)	(9.71)	(14.40)	(10.80)	(6.41)	14.82

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AIR AAR Corp.	$4.0B	20.1×	26.3×	+24.12% (above 0%: growing)	+5.48% (above 0%: growing)	+182.09% (above 0%: growing)	19.20%	7.85%	Compare
MOG.B Moog Inc.	$3.7B	31.0×	—	+15.16% (above 0%: growing)	+153.97% (above 0%: growing)	+67.52% (above 0%: growing)	31.10%	14.41%	Compare
ACHR Archer Aviation Inc.	$3.6B	— (loss-making)	— (loss-making)	—	n/m	−51.76% (below 0%: shrinking)	14.00%	(5,584.00%)	Compare
FLY Firefly Aerospace, Inc.	$3.2B	— (loss-making)	— (loss-making)	+656.85% (above 0%: growing)	n/m	−185.28% (below 0%: shrinking)	20.29%	(80.89%)	Compare
LUNR Intuitive Machines, Inc.	$2.9B	— (loss-making)	— (loss-making)	+309.77% (above 0%: growing)	n/m	−197.16% (below 0%: shrinking)	17.40%	(22.86%)	Compare
ATRO Astronics Corporation	$2.7B	34.2×	32.7×	+27.01% (above 0%: growing)	+2,362.46% (above 0%: growing)	+299.44% (above 0%: growing)	33.43%	15.57%
DCO Ducommun Incorporated	$2.6B	— (loss-making)	38.6×	+11.80% (above 0%: growing)	+60.71% (above 0%: growing)	+48.47% (above 0%: growing)	28.02%	12.62%	Compare
RDW Redwire Corporation	$2.3B	— (loss-making)	— (loss-making)	+89.56% (above 0%: growing)	n/m	+62.22% (above 0%: growing)	27.80%	(18.87%)	Compare
VVX V2X, Inc.	$2.2B	23.4×	24.6×	+16.54% (above 0%: growing)	+15.49% (above 0%: growing)	−21.44% (below 0%: shrinking)	8.71%	4.28%	Compare
Median of peers	$3.1B	23.4×	26.3×	+24.12%	+38.10%	+13.52%	19.75%	(7.29%)

All 82 Aerospace & Defense stocks →

Astronics Corporation (ATRO) key facts

Strength: Astronics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $862.1 million, up 8.39% from fiscal 2024.
Astronics Corporation (ATRO) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 13, 2026, ATRO traded at $63.11, a market capitalization of $2.7 billion.
Return on equity was 14.8% and debt-to-equity 1.57.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.46 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.