Astec Industries (ASTE) FY2025 results: revenue $1.4 billion, up 8.1% on the year
Astec Industries Inc. (ASTE) reported revenue of $1.4 billion for fiscal 2025, the year ended 31 December 2025, up 8.1% on the year before. Net income was $39 million, up 802.3%, and diluted earnings per share $1.68. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2026.
Revenue
$1.4 billion
+8.1% on the year
FY2018FY2025
Operating margin
4.7%
1.8% a year earlier
FY2018FY2025
Net income
$39 million
+802.3% on the year
FY2018FY2025
Diluted EPS
$1.68
+784.2% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 1 new.
Quarterly net sales rose 11.6%: Fourth quarter net sales were $400.6 million, up 11.6% from $359.0 million; full-year net sales were $1,410.4 million, up 8.1%.
Materials Solutions sales grew 60.6%: Materials Solutions net sales rose to $177.0 million, helped by an acquired business and organic growth.
Infrastructure Solutions sales fell 10.1%: Infrastructure Solutions net sales were $223.6 million, down 10.1%; demand for asphalt and concrete plants was partly offset by mobile paving and forestry.
Total backlog rose 22.5%: Backlog was $514.1 million at year-end, up 22.5% from $419.6 million a year earlier.
Full-year free cash flow reached $20.7 million: Full-year free cash flow was $20.7 million against $2.5 million; fourth quarter free cash flow was $7.4 million against $32.1 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
61.4
23.0
27.8
+167.0%
Capital expenditure
40.7
20.5
34.1
+98.5%
Free cash flow
20.7
2.5
-6.3
+728.0%
Free cash flow margin
1.5%
0.2%
-0.5%
Cash from investing
-288
-18.0
-12.9
Cash from financing
206
24.4
-18.3
+744.7%
Depreciation and amortisation
36.3
26.8
25.6
+35.4%
Share-based compensation
7.1
5.0
4.1
+42.0%
Buybacks
n/a
0.0
0.0
Dividends paid
11.9
11.9
11.8
0.0%
Dividend per share
$0.52
$0.52
$0.52
0.0%
Diluted shares, weighted
23m
23m
23m
+1.1%
Shares outstanding at period end
23m
23m
23m
+0.3%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
682
638
653
+6.9%
Non-controlling interest
-0.1
-0.2
0.3
Debt
348
118
83.1
+194.1%
Operating lease liabilities
9.7
5.5
6.5
+76.4%
Other liabilities
328
282
316
+16.2%
Total liabilities and equity
1,367
1,044
1,059
+31.0%
Fixed assets
222
182
188
+22.2%
Goodwill
112
25.0
46.3
+347.2%
Intangible assets
124
11.2
16.4
+1,011.6%
Investments
23.2
21.9
19.5
+5.9%
Cash and equivalents
72.0
90.8
63.2
-20.7%
Receivables
219
167
153
+30.8%
Inventory
466
423
456
+10.2%
Other assets
129
123
118
+4.7%
Total assets
1,367
1,044
1,059
+31.0%
10-K for the year ended 31 December 2025, filed 25 February 2026: the filing.