Archer Aviation Inc. (ACHR) vs Astronics Corporation (ATRO)

Archer Aviation Inc. and Astronics Corporation are both Aerospace & Defense companies. Archer Aviation Inc. is the larger, with a market value of $3.2B against $2.6B — 1.2× the size. Archer Aviation 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 0.00%) and the higher return on invested capital (15.8% vs −127.0%). Across the 14 metrics below, Astronics Corporation leads on 10 and Archer Aviation Inc. on 4.

Valuation

Metric ACHR ATRO Aerospace & Defense median
P/E n/m 33.03 31.60
P/S n/m 2.78 3.36
P/B 1.70 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 n/m 3.10 3.37
Earnings yield (25.96%) 3.03% 0.90%
Free cash flow yield (21.10%) 2.32% 0.00%

Profitability

Metric ACHR ATRO Aerospace & Defense median
Gross margin 0.00% 32.54% 25.95%
Operating margin 0.00% 13.40% 1.21%
Net margin 0.00% 8.40% 2.11%
Free cash flow margin 0.00% 6.44% 0.00%
Return on equity (44.47%) 33.68% 2.67%
Return on assets (38.52%) 11.24% 1.90%
Return on invested capital (126.95%) 15.79% 0.25%

Growth

Metric ACHR ATRO Aerospace & Defense median
Revenue growth (TTM) — 14.49% 18.25%
EPS growth (last fiscal year) 30.28% 276.10% 24.80%
Revenue growth, 5-year CAGR — 11.40% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACHR ATRO Aerospace & Defense median
Debt to equity 0.06 1.57 0.18
Current ratio 10.21 2.97 2.85
Net debt to EBITDA 2.62 3.12 1.29

Dividend

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

Size

Metric ACHR ATRO Aerospace & Defense median
Market cap 3.18b 2.62b 1.94b

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