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Stock research / United States / ATRO · Aircraft Parts & Auxiliary Equipment, Nec · Nasdaq

Astronics Corp. (ATRO)

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Astronics Corp. (ATRO) reported revenue of $260 million for Q2 FY2026, the quarter ended 4 July 2026, up 27.0% on the same quarter a year earlier. Net income was $35 million, up 2568.2% on the year, and diluted earnings per share $0.75. The figures are the company's own, from the 10-Q it filed with the SEC on 12 August 2026.

Revenue$260 millionup 27.0%
Net income$35 millionup 2568.2%
Diluted EPS$0.75
QuarterQ2 FY2026ended 4 July 2026

Astronics (ATRO) in brief

Astronics (ATRO) reported revenue of $862 million for fiscal 2025, the year ended 31 December 2025, up 8.4% on the year before.
Read moreNet income was $29 million and diluted earnings per share $0.81. Revenue was $795 million in fiscal 2024, $689 million in fiscal 2023, $535 million in fiscal 2022 and $445 million in fiscal 2021. Net income in the same years was a loss of $16 million, a loss of $26 million, a loss of $36 million and a loss of $26 million. Over the twelve months to 4 July 2026, Astronics reported revenue of $942 million and net income of $79 million. Revenue grew 11.4% a year, compounded, over the five years to fiscal 2025. Astronics had 32 million shares outstanding at the latest filed count. At 4 July 2026 it carried $310 million of debt and $9 million of cash. At the close of 29 October 2026 the market cap of Astronics was $2.0 billion, 33.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE39.9%
ROCE24.8%
Operating margin13.4%
Net margin8.4%
FCF margin6.4%
Interest covern/a
Debt to equity1.57
Cash conversion1.30
Share count, last 12 monthsn/a
Sales CAGR, 3 years17.2%
Profit CAGR, 3 yearsn/a
EPS, TTM$1.89

At the close of 29 October 2026

Price$62.81
Market cap$2.0 billion
Stock P/E33.23
Price to book10.23
EV / EBITDA15.60
Dividend yieldn/a
Market cap / sales2.15
52-week high$93.45
52-week low$37.49
Price, 1 year58.1%
Price CAGR, 3 years73.5%
Price CAGR, 5 years43.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Astronics Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ATROgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ATRO

Dividendsno dividend in its filings for fiscal 2009 onward
Filings20 in twelve months: 9 current reports (8-K), about 7 results of operations; 2 regulation FD disclosure; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 1.56 by open interest at the 29 October 2026 close; the straddle prices a 15.3% move to 20 November 2026
13F holders312 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.2 million shares short, 6.68 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 7 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021 †Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026
Revenue112116116129131158157174163195185198204209206205211240231260
Cost of revenue94.697.696.2113117137129142142155138143148158145152147n/a155173
Gross profit17.218.519.915.714.421.527.532.720.640.047.555.655.262.160.852.864.580.075.186.9
Gross margin15%16%17%12%11%14%18%19%13%20%26%28%27%30%30%26%31%33%33%33%
R&D11.320.612.212.612.011.512.712.714.114.013.314.212.512.211.111.610.210.612.110.9
SG&A21.732.224.124.128.724.729.930.335.132.232.533.834.441.236.636.531.233.935.835.6
Operating income-4.5-8.7-4.2-8.4-14.3-3.2-2.42.4-14.57.81.77.58.48.913.14.823.135.527.240.5
Operating margin-4%-8%-4%-7%-11%-2%-2%1%-9%4%1%4%4%4%6%2%11%15%12%16%
Interest expensen/an/an/an/an/an/an/a-5.9-6.0n/an/a-5.9-6.2n/a3.2n/an/an/a2.3n/a
Pre-tax income-6.8-0.25.0-10.3-17.3-7.2-3.1-3.9-20.81.5-4.51.3-5.20.610.21.9-12.332.224.837.9
Tax raten/an/a162%n/an/an/an/an/an/a-355%n/a-22%n/a592%6%29%n/a8%-3%7%
Net income-7.21.6-3.1-11.0-14.9-6.8-4.4-12.0-17.07.0-3.21.5-11.7-2.89.51.3-11.129.625.535.1
Net margin-6%1%-3%-9%-11%-4%-3%-7%-10%4%-2%1%-6%-1%5%1%-5%12%11%13%
Diluted EPS-$0.23$0.05-$0.10-$0.34-$0.46-$0.21-$0.14-$0.37-$0.51$0.20-$0.09$0.04-$0.34-$0.08$0.26$0.04-$0.31$0.78$0.67$0.75
Operating cash flow-16.213.00.3-10.6-28.810.8-19.2-2.0-1.1-1.72.0-6.38.426.420.6-7.634.227.610.630.1
Capital expenditure1.11.41.21.31.83.41.62.22.21.61.61.81.93.22.14.613.211.811.25.7
Free cash flow-17.211.6-0.8-12.0-30.67.4-20.8-4.2-3.4-3.30.4-8.16.523.218.5-12.221.015.8-0.624.4
Buybacks0.00.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding31mn/a32m32m32m32mn/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2009FY2010FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Revenue191196228266340661692633624803773503445535689795862942
Cost of revenue154148168197252494504474487623617406380463515575604n/a
Gross profit37.347.660.569.487.916718815913718115696.865.471.5175220258307
Gross margin19.5%24.3%26.5%26.1%25.8%25.3%27.1%25.2%22.0%22.5%20.2%19.3%14.7%13.4%25.3%27.7%29.9%32.5%
Research and developmentn/a28.336.144.952.876.790.388.995.011410940.243.348.353.752.143.543.8
Selling, general and administrative24.123.227.236.845.679.789.184.688.811714311199.1102127142138137
Operating income-6.224.430.832.642.387.498.874.932.163.71.7-101-28.7-30.0-6.726.576.4126
Operating margin-3.2%12.5%13.5%12.2%12.4%13.2%14.3%11.8%5.1%7.9%0.2%-20.0%-6.4%-5.6%-1.0%3.3%8.9%13.4%
Interest expensen/a2.61.81.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income-7.721.829.031.638.279.194.068.825.052.368.3-112-27.0-29.8-26.3-7.931.982.6
Income tax-3.96.97.49.710.922.927.120.45.35.516.33.4-1.46.00.18.32.63.4
Effective tax raten/a31.5%25.6%30.7%28.6%29.0%28.8%29.6%21.3%10.5%23.8%n/an/an/an/an/a8.1%4.2%
Net income-3.814.921.621.927.356.267.048.419.746.852.0-116-25.6-35.7-26.4-16.229.479.1
Net margin-2.0%7.6%9.5%8.2%8.0%8.5%9.7%7.6%3.2%5.8%6.7%-23.0%-5.7%-6.7%-3.8%-2.0%3.4%8.4%
Diluted EPS-$0.32$1.20$1.67$1.45$1.49$2.48$2.55$1.61$0.67$1.41$1.60-$3.76-$0.82-$1.11-$0.80-$0.46$0.81$1.89
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
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. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Aerospace60570779792.5%
Test Systems84.488.764.87.5%
AerospaceTest Systems
689FY2023795FY2024862FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Astronics does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Aerospace24.662.411314.2%
Test Systems-8.7-8.5-7.8-12.1%
AerospaceTest Systems
15.9FY202353.9FY2024105FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Aerospace92%100%
Test Systems8%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow and capital returned

FY2009FY2010FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow31.116.527.924.249.599.978.548.937.854.942.737.3-5.5-28.3-23.930.674.8103
Capital expenditure2.53.614.316.76.940.918.613.013.516.312.17.56.07.77.68.431.741.8
Free cash flow28.612.913.67.542.759.059.935.824.338.630.629.9-11.6-36.0-31.622.143.160.7
Free cash flow margin15.0%6.6%6.0%2.8%12.6%8.9%8.6%5.7%3.9%4.8%4.0%5.9%-2.6%-6.7%-4.6%2.8%5.0%6.4%
Cash from investing-42.7-3.6-38.1-27.4-167n/an/an/a-130-19.764.6-5.83.214.4-4.1-8.4-53.7-63.9
Cash from financing23.5-5.1-1.6-0.3164n/an/an/a91.4-36.1-92.2-24.6-7.5-1.425.4-14.5-22.4-42.5
Depreciation and amortisation7.34.94.96.911.127.325.325.827.135.033.031.929.027.826.124.521.823.1
Share-based compensation0.80.91.11.41.41.72.32.32.63.13.85.26.56.57.28.66.87.7
Buybacksn/an/an/an/an/a0.00.017.632.40.050.87.70.00.0n/an/an/an/a
Dividends paidn/an/an/a0.00.00.0n/an/an/an/an/an/an/an/an/an/an/an/a
Diluted shares, weightedn/a14m15m15m18m23m26m30m29m33m32m31m31m32m33m35m36m47m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2009FY2010FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020 †FY2021 †FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equityn/a77.2103125172228300337330387389270257240250256140198
Debtn/a38.633.330.0200183170148272234188173163164168169334310
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a21.016.612.09.924.420.538.136.7
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a2.80.70.00.10.10.0n/an/a
Other liabilitiesn/a35.138.856.9119152139119134154182159178201192203194216
Total liabilities and equityn/a151175212491563609604736775783620609615634649707761
Owned
Fixed assetsn/a30.941.153.570.911612512312612111210795.290.785.480.7107116
Goodwilln/a7.617.221.910110011511512612514558.358.358.258.258.162.964.5
Intangible assetsn/a5.014.016.510395.010898.115313312711094.379.365.452.555.449.4
Cash and equivalents14.922.710.97.454.621.218.617.917.916.631.940.429.813.84.89.318.29.0
Receivablesn/a30.935.745.560.988.995.310913318214893.1107148172191205229
Inventoryn/a37.840.148.685.3115115117150139146157158188192200197220
Other assetsn/a16.015.918.515.826.331.624.330.257.872.354.466.537.456.157.161.673.4
Total assetsn/a151175212491563609604736775783620609615634649707761
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.2%11.4%17.2%14.5%
Profit growth, compounded-7.9%n/an/an/a
Return on equity, average-1.8%-4.2%1.3%21.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Astronics' revenue in fiscal 2025?

Astronics (ATRO) reported revenue of $862 million for fiscal 2025, the year ended 31 December 2025, up 8.4% on the year before.

How much did Astronics earn in fiscal 2025?

Net income was $29 million for fiscal 2025, and diluted earnings per share $0.81.

What is Astronics' P/E ratio?

At the close of 29 October 2026, Astronics traded at 33.2 times its earnings over the twelve months to 4 July 2026.

What is Astronics' market cap?

The market cap of Astronics was $2.0 billion at the close of 29 October 2026.

How much debt does Astronics have?

At 4 July 2026 Astronics carried $310 million of debt and $9 million of cash.

Peers: Aircraft

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
TransDigm Group Inc. TDG$65.0 billion35.68n/a46.0%16.7%n/an/a
Textron Inc. TXT$14.8 billion15.7612.0%n/a8.5%0.470.1%
StandardAero, Inc. SARO$7.9 billion24.5511.8%9.5%12.6%0.84n/a
AeroVironment Inc. AVAV$6.8 billionn/a-4.6%-12.6%84.4%0.17n/a
Loar Holdings Inc. LOAR$6.1 billion90.015.7%21.9%29.8%0.79n/a
Karman Holdings Inc. KRMN$5.5 billion143.868.8%16.8%50.2%1.80n/a
Joby Aviation, Inc. JOBY$5.0 billionn/a-49.7%-759.2%118,568.4%0.400.0%
AAR Corp. AIR$4.2 billion21.3911.1%n/a22.0%0.50n/a
Archer Aviation Inc. ACHR$3.4 billionn/an/an/an/a0.04n/a
Ducommun Inc. DCO$2.5 billionn/a-3.1%-1.7%9.2%0.40n/a
Astronics Corp. ATRO$2.0 billion33.2339.9%13.4%14.5%1.57n/a
Park Aerospace Corp. PKE$586 million36.949.1%21.1%27.7%0.00n/a
All 17 in Aircraft
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
RTX Corp. RTX$269.3 billion32.3912.1%11.8%11.6%0.541.4%
Boeing Co. BA$136.8 billion18.79116.9%10.3%17.5%7.01n/a
Honeywell International Inc. HON$70.5 billion10.0431.5%25.5%3.9%0.743.5%
TransDigm Group Inc. TDG$65.0 billion35.68n/a46.0%16.7%n/an/a
Honeywell Aerospace Inc. HONA$50.7 billionn/an/an/an/an/an/a
Heico Corp. HEI$18.0 billion54.3117.1%24.0%20.7%0.510.1%
Textron Inc. TXT$14.8 billion15.7612.0%n/a8.5%0.470.1%
StandardAero, Inc. SARO$7.9 billion24.5511.8%9.5%12.6%0.84n/a
AeroVironment Inc. AVAV$6.8 billionn/a-4.6%-12.6%84.4%0.17n/a
Loar Holdings Inc. LOAR$6.1 billion90.015.7%21.9%29.8%0.79n/a
Karman Holdings Inc. KRMN$5.5 billion143.868.8%16.8%50.2%1.80n/a
Joby Aviation, Inc. JOBY$5.0 billionn/a-49.7%-759.2%118,568.4%0.400.0%
AAR Corp. AIR$4.2 billion21.3911.1%n/a22.0%0.50n/a
Archer Aviation Inc. ACHR$3.4 billionn/an/an/an/a0.04n/a
Ducommun Inc. DCO$2.5 billionn/a-3.1%-1.7%9.2%0.40n/a
Astronics Corp. ATRO$2.0 billion33.2339.9%13.4%14.5%1.57n/a
Park Aerospace Corp. PKE$586 million36.949.1%21.1%27.7%0.00n/a
5 companies share its SEC industry code (Aircraft Parts & Auxiliary Equipment, Nec); the rest are the names nearest in size in its wider industry, Aircraft, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q4 July 202612 August 2026EDGAR
10-Q4 April 202613 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q27 September 20256 November 2025EDGAR
10-Q28 June 20257 August 2025EDGAR
10-Q29 March 20257 May 2025EDGAR
10-K31 December 20245 March 2025EDGAR
10-Q28 September 20247 November 2024EDGAR
10-Q29 June 20245 August 2024EDGAR
10-Q30 March 20246 May 2024EDGAR