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Astronics Corporation

ATRO Industrials Aerospace & Defense

Astronics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $862.1 million, up 8.39% from fiscal 2024.

Revenue
+27.0%
EPS
+2,362.5%
Free cash flow
+299.4%
Total debt
+94.8%

Quarter to June 2026, against a year earlier

57.78 3.13 −5.14%
Market cap
$2.6B
P/E
33.0×
Fwd P/E
22.5×
Dividend yield
—
F-score
7/9
Altman Z
4.59
Beneish M
−2.79
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 18.13%

Capital & Financial Ratios $m

Size
Market Cap 2,620.00
Revenue ttm 942.09
Net income ttm 79.12
Free cash flow ttm 60.68
Net debt Q 301.30
Valuation
P/E 33.03
Forward P/E 22.50
Price / sales 2.78
Forward P/S Powerpack
Price / FCF 43.19
Price / book 13.22 (above 6: high)
Financial health
Current ratio Q 2.97 (at or above 1.5: strong)
Debt / equity Q 1.57
Interest coverage Q 17.35
Growth
Revenue growth Q +27.01% (above 0%: growing)
Operating income growth Q +750.50% (above 0%: growing)
EPS, this year +68.97% (at or above 15%: strong)
EPS, next year A +15.28% (at or above 15%: strong)
Revenue, next year A +19.82% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −5.00% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.1×, against a ten-year median of 1.4×; over the ten years it ranged from 0.6× in 2020 to 4.0× in 2026.
P/E against its own 10 years 64.43%
10-year low 10-year high
P/S against its own 10 years 93.10%
10-year low 10-year high
P/B against its own 10 years 90.20%
10-year low 10-year high
EV/Sales against its own 10 years 92.92%
10-year low 10-year high
EV/FCF against its own 10 years 68.17%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

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%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY26 Estimate 0.46 Actual 0.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 0.28 0.32 Beat by 0.04
Q3 FY25 0.35 0.41 Beat by 0.06
Q4 FY25 0.52 0.63 Beat by 0.11
Q1 FY26 0.46 0.49 Beat by 0.03
Q3 FY26 0.75 — Reports 10 November 2026

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 633 624 803 773 503 445 535 689 795 862 942 +3.5% 1,033 1,134 1,074 +7.6%
Gross margin, % 25.19 21.96 22.50 20.21 19.27 14.69 13.37 25.32 27.71 29.94 32.54 +4.7 pt
EBT 69 25 52 68 (112) (27) (30) (26) (8) 32 83 (8.2%)
EBT margin, % 10.86 4.00 6.51 8.84 (22.37) (6.06) (5.57) (3.82) (0.99) 3.71 8.76 (7.1) pt
Net income 48 20 47 52 (116) (26) (36) (26) (16) 29 79 (5.4%)
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 21.91 +2.9%
Earnings 1.20 0.50 1.21 1.35 (3.13) (0.68) (0.92) (0.67) (0.38) 0.69 1.85 (5.9%)
Cash flow 1.21 0.96 1.41 1.11 1.01 (0.15) (0.73) (0.60) 0.73 1.76 2.38 +4.2%
Capex (0.32) (0.34) (0.42) (0.31) (0.20) (0.16) (0.20) (0.19) (0.20) (0.74) (0.97) +9.7%
Free cash flow 0.89 0.62 0.99 0.80 0.81 (0.31) (0.93) (0.80) 0.53 1.01 1.41 +1.5%
Book value 8.39 8.36 9.96 10.12 7.32 6.88 6.22 6.28 6.09 3.29 4.61 (9.9%)
Shares, m 40 39 39 38 37 37 39 40 42 43 43 +0.6%
Valuation, ×
Valuation, × P/E 19.27 63.41 20.44 18.40 0.00 0.00 0.00 0.00 0.00 66.66 33.03 18.8
P/S 1.84 2.27 1.25 1.18 0.83 0.85 0.61 0.84 0.72 2.27 2.78 1.3
P/B 3.45 4.30 2.60 2.35 1.54 1.48 1.39 2.33 2.23 14.00 13.22 3.6
EV/Sales 2.04 2.68 1.52 1.38 1.11 1.17 0.88 1.07 0.91 2.64 3.10 1.5
EV/FCF 36.11 68.76 31.70 34.94 18.59 (44.99) (13.42) (23.39) 32.58 52.83 48.17 19.4
Cash, $m
Cash, $m Operating cash flow 49 38 55 43 37 (6) (28) (24) 31 75 103 +4.8%
Capex (13) (13) (16) (12) (7) (6) (8) (8) (8) (32) (42) +10.4%
Free cash flow 36 24 39 31 30 (12) (36) (32) 22 43 61 +2.1%
Balance, $m
Balance, $m Working capital 169 212 246 222 223 221 214 246 270 296 322 +6.5%
Net debt 130 254 217 156 140 140 150 157 150 316 301 +10.4%
Shareholders’ equity 337 330 387 389 270 257 240 250 256 140 198 (9.3%)
Returns, %
Returns, % ROA 7.98 2.94 6.20 6.68 (16.51) (4.16) (5.84) (4.23) (2.53) 4.33 11.24 (3.6) pt
ROIC 10.01 3.44 6.59 0.20 (15.35) (4.52) (4.81) (1.03) 4.07 10.47 15.79 +0.5 pt
ROE 15.19 5.90 13.06 13.42 (35.13) (9.71) (14.40) (10.80) (6.41) 14.82 33.68 (0.4) pt
People
People Employees 2,304 2,500 2,700 2,800 2,200 2,100 2,400 2,500 2,500 2,700 — +1.8%
Revenue/emp, $m 0.27 0.25 0.30 0.28 0.23 0.21 0.22 0.28 0.32 0.32 — +1.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Astronics Corporation vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MOG.B Moog Inc. $3.7B 29.4× — +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
ACHR Archer Aviation Inc. $3.2B — (loss-making) — (loss-making) — n/m −51.76% (below 0%: shrinking) 14.00% (5,584.00%) Compare
FLY Firefly Aerospace, Inc. $2.9B — (loss-making) — (loss-making) +656.85% (above 0%: growing) n/m −185.28% (below 0%: shrinking) 20.29% (80.89%) Compare
ATRO Astronics Corporation $2.6B 33.0× 22.5× +27.01% (above 0%: growing) +2,362.46% (above 0%: growing) +299.44% (above 0%: growing) 33.43% 15.57%
VVX V2X, Inc. $2.5B 25.6× 24.7× +8.94% (above 0%: growing) +30.77% (above 0%: growing) +81.15% (above 0%: growing) 8.13% 4.68% Compare
DCO Ducommun Incorporated $2.5B — (loss-making) 38.2× +11.80% (above 0%: growing) +58.82% (above 0%: growing) +48.47% (above 0%: growing) 28.02% 12.62% Compare
LUNR Intuitive Machines, Inc. $2.4B — (loss-making) — (loss-making) +309.77% (above 0%: growing) n/m −197.16% (below 0%: shrinking) 17.40% (22.86%) Compare
RDW Redwire Corporation $2.0B — (loss-making) — (loss-making) +89.56% (above 0%: growing) n/m +62.22% (above 0%: growing) 27.80% (18.87%) Compare
AADX Applied Aerospace & Defense, Inc. $1.9B — (loss-making) — (loss-making) — n/m — 22.22% (57.51%) Compare
Median of peers $2.5B — — +52.36% +58.82% +48.47% 21.26% (20.86%)

All 94 Aerospace & Defense stocks →

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.56m 12.34m 409.78
2024 2.92m 2.55m 120.59
2023 2.65m 3.98m 131.64
2022 1.64m 1.36m 77.84
2021 2.45m 2.28m 90.70
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Astronics Corporation (ATRO) Latest News

26 Oct

Impact 4 · · Trefis

20 Oct

Impact 4 · · Simply Wall St.

2 Oct

Impact 3 · · StockStory

1 Oct

Impact 4 · · Zacks

22 Sep

Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

21 Sep

Impact 4 · · Zacks
Impact 3 · · StockStory

17 Sep

Impact 4 ·

22 Aug

Impact 3 ·

18 Aug

Impact 3 · · The Motley Fool transcript
Impact 3 ·
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14 Aug

Impact 4 ·

13 Aug

Impact 3 ·

12 Aug

Impact 4 · transcript
Impact 4 · · Moby transcript
Impact 4 ·
Impact 3 · · The Motley Fool
Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

11 Aug

Impact 4 ·
Impact 4 ·
Impact 3 · · MarketBeat
Impact 3 ·
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27 Jul

Impact 3 ·

21 Jul

Impact 3 ·

ATRO metrics, ten years each

stockrow.com/ATRO · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com