Astronics Corporation (ATRO) vs Moog Inc. (MOG.B)

Astronics Corporation and Moog Inc. are both Aerospace & Defense companies. Moog Inc. is the larger, with a market value of $3.7B against $3.0B — 1.2× the size. Moog Inc. trades at the lower P/E: 33.0× against 37.5×. Moog Inc. grew revenue faster over the last twelve months: 15.8% against 14.5%. Moog Inc. has the higher net margin (8.73% vs 8.40%) and the lower return on invested capital (10.5% vs 15.8%). Across the 22 metrics below, Moog Inc. leads on 14 and Astronics Corporation on 8.

Valuation

Metric ATRO MOG.B Aerospace & Defense median
P/E 37.52 33.00 33.00
P/S 3.16 2.88 3.63
P/B 15.02 5.60 3.24
Price to free cash flow 49.06 35.21 34.01
EV/EBITDA 21.52 21.03 18.69
EV/Sales 3.48 3.08 3.94
Earnings yield 2.67% 3.03% 1.31%
Free cash flow yield 2.04% 2.84% 0.00%

Profitability

Metric ATRO MOG.B Aerospace & Defense median
Gross margin 32.54% 28.20% 25.48%
Operating margin 13.40% 11.93% 4.54%
Net margin 8.40% 8.73% 2.22%
Free cash flow margin 6.44% 8.18% 0.00%
Return on equity 33.68% 18.11% 6.43%
Return on assets 11.24% 8.23% 2.70%
Return on invested capital 15.79% 10.52% 1.56%

Growth

Metric ATRO MOG.B Aerospace & Defense median
Revenue growth (TTM) 14.49% 15.81% 18.43%
EPS growth (last fiscal year) 276.10% 14.53% —
Revenue growth, 5-year CAGR 11.40% 6.00% 9.62%
Net income growth, 5-year CAGR 0.00% 91.17% 0.00%

Health

Metric ATRO MOG.B Aerospace & Defense median
Debt to equity 1.57 0.41 0.24
Current ratio 2.97 2.09 2.72
Net debt to EBITDA 3.12 1.75 1.12

Dividend

Metric ATRO MOG.B Aerospace & Defense median
Dividend yield — 0.93% 1.04%
Payout ratio 0.00 0.21 0.00

Size

Metric ATRO MOG.B Aerospace & Defense median
Market cap 2.99b 3.66b 2.52b

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