Astronics Corporation (ATRO) vs Voyager Technologies, Inc. (VOYG)

Astronics Corporation and Voyager Technologies, Inc. are both Aerospace & Defense companies. Astronics Corporation is the larger, with a market value of $3.0B against $2.0B — 1.5× the size. Voyager Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Astronics Corporation trades at 37.5×. Astronics Corporation grew revenue faster over the last twelve months: 14.5% against 10.6%. Astronics Corporation has the higher net margin (8.40% vs −78.6%) and the higher return on invested capital (15.8% vs −21.3%). Across the 17 metrics below, Astronics Corporation leads on 13 and Voyager Technologies, Inc. on 4.

Valuation

Metric ATRO VOYG Aerospace & Defense median
P/E 37.52 n/m 33.00
P/S 3.16 10.53 3.63
P/B 15.02 4.87 3.24
Price to free cash flow 49.06 n/m 34.01
EV/EBITDA 21.52 n/m 18.69
EV/Sales 3.48 11.05 3.94
Earnings yield 2.67% (7.46%) 1.31%
Free cash flow yield 2.04% (13.32%) 0.00%

Profitability

Metric ATRO VOYG Aerospace & Defense median
Gross margin 32.54% 10.90% 25.48%
Operating margin 13.40% (88.46%) 4.54%
Net margin 8.40% (78.61%) 2.22%
Free cash flow margin 6.44% (140.23%) 0.00%
Return on equity 33.68% (29.16%) 6.43%
Return on assets 11.24% (16.16%) 2.70%
Return on invested capital 15.79% (21.31%) 1.56%

Growth

Metric ATRO VOYG Aerospace & Defense median
Revenue growth (TTM) 14.49% 10.63% 18.43%
EPS growth (last fiscal year) 276.10% 58.77% —
Revenue growth, 5-year CAGR 11.40% — 9.62%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ATRO VOYG Aerospace & Defense median
Debt to equity 1.57 1.19 0.24
Current ratio 2.97 3.80 2.72
Net debt to EBITDA 3.12 0.49 1.12

Dividend

Metric ATRO VOYG Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 — 0.00

Size

Metric ATRO VOYG Aerospace & Defense median
Market cap 2.99b 1.95b 2.52b

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