Applied Aerospace & Defense, Inc. (AADX) vs Astronics Corporation (ATRO)

Applied Aerospace & Defense, Inc. and Astronics Corporation are both Aerospace & Defense companies. Astronics Corporation is the larger, with a market value of $2.6B against $1.9B — 1.4× the size. Applied Aerospace & Defense, Inc. has negative trailing earnings, so its P/E is not meaningful; Astronics Corporation trades at 33.0×. Astronics Corporation has the higher net margin (8.40% vs −34.4%) and the higher return on invested capital (15.8% vs −3.69%). Across the 16 metrics below, Astronics Corporation leads on 14 and Applied Aerospace & Defense, Inc. on 2.

Valuation

Metric AADX ATRO Aerospace & Defense median
P/E n/m 33.03 31.60
P/S 3.14 2.78 3.36
P/B 1.99 13.22 2.99
Price to free cash flow n/m 43.19 33.23
EV/EBITDA n/m 19.18 19.00
EV/Sales 3.92 3.10 3.37
Earnings yield (656,473.99%) 3.03% 0.90%
Free cash flow yield (7.54%) 2.32% 0.00%

Profitability

Metric AADX ATRO Aerospace & Defense median
Gross margin 25.40% 32.54% 25.95%
Operating margin (13.91%) 13.40% 1.21%
Net margin (34.42%) 8.40% 2.11%
Free cash flow margin (23.64%) 6.44% 0.00%
Return on equity 0.00% 33.68% 2.67%
Return on assets 0.00% 11.24% 1.90%
Return on invested capital (3.69%) 15.79% 0.25%

Growth

Metric AADX ATRO Aerospace & Defense median
Revenue growth (TTM) — 14.49% 18.25%
EPS growth (last fiscal year) 51.03% 276.10% 24.80%
Revenue growth, 5-year CAGR — 11.40% 9.73%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AADX ATRO Aerospace & Defense median
Debt to equity 0.52 1.57 0.18
Current ratio 2.51 2.97 2.85
Net debt to EBITDA 6.60 3.12 1.29

Dividend

Metric AADX ATRO Aerospace & Defense median
Dividend yield — — 0.87%
Payout ratio — — 0.30

Size

Metric AADX ATRO Aerospace & Defense median
Market cap 1.91b 2.62b 1.94b

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