ATRO · Astronics Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ATRO

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$862.13M	$795.43M	$689.21M	$534.89M	$444.91M	$502.59M
Cost of Revenue	$603.97M	$627.08M	$568.41M	$463.35M	$379.55M	$405.74M
Gross Profit	$258.16M	$168.34M	$120.80M	$71.54M	$65.36M	$96.84M
R&D	$43.48M	$52.10M	$53.50M	$48.30M	$85.30M	$86.80M
SG&A	$138.27M	$141.88M	$127.47M	$101.58M	$99.05M	$110.53M
Total Operating Expenses	-	-	-	-	-	-
D&A	$21.84M	$24.47M	$26.10M	$27.78M	$29.00M	$31.85M
Operating Income	$76.41M	$26.47M	($6.67M)	($30.04M)	($28.67M)	($100.70M)
Interest Expense	-	-	-	-	-	-
Income Tax	$2.59M	$8.35M	$110.0K	$5.95M	($1.38M)	$3.37M
Net Income	$29.36M	($16.21M)	($26.42M)	($35.75M)	($25.58M)	($115.78M)
EPS - Basic	$0.83	($0.46)	($0.80)	($1.11)	($0.82)	($3.76)
EPS - Diluted	$0.81	($0.46)	($0.80)	($1.11)	($0.82)	($3.76)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$18.18M	$9.29M	$4.76M	$13.78M	$29.76M	$40.41M
Accounts Receivable	$204.67M	$191.45M	$172.11M	$147.79M	$107.44M	$93.06M
Inventory	$196.86M	$199.74M	$191.80M	$187.98M	$157.58M	$157.06M
Accounts Payable	$41.08M	$42.96M	$61.13M	$64.19M	$34.86M	$26.45M
Current Assets	$437.74M	$426.17M	$389.78M	$365.29M	$339.86M	$316.95M
Total Assets	$706.68M	$648.76M	$633.79M	$615.03M	$609.14M	$619.75M
Current Liabilities	$141.28M	$156.15M	$143.33M	$151.61M	$118.61M	$93.74M
Long-term Debt	$334.45M	$168.67M	$159.24M	$159.50M	$163.00M	$173.00M
Total Liabilities	$566.60M	$392.67M	$384.27M	$375.11M	$352.53M	$349.37M
Stockholders' Equity	$140.07M	$256.10M	$249.52M	$239.92M	$256.60M	$270.37M
Retained Earnings	$216.70M	$192.21M	$209.75M	$240.36M	$287.23M	$312.80M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$74.80M	$30.57M	($23.95M)	($28.31M)	($5.53M)	$37.34M
Investing Cash Flow	($53.75M)	($8.43M)	($4.11M)	$14.39M	$3.18M	($5.80M)
Financing Cash Flow	($22.39M)	($14.53M)	$25.43M	($1.41M)	($7.50M)	($24.58M)
CapEx	$31.67M	$8.43M	$7.64M	$7.67M	$6.03M	$7.46M
Free Cash Flow	$43.12M	$22.14M	($31.59M)	($35.99M)	($11.56M)	$29.88M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	29.9%	21.2%	17.5%	13.4%	14.7%	19.3%
Operating margin	8.9%	3.3%	-1.0%	-5.6%	-6.4%	-20.0%
EBITDA margin	11.4%	6.4%	2.8%	-0.4%	0.1%	-13.7%
Net margin	3.4%	-2.0%	-3.8%	-6.7%	-5.7%	-23.0%
Free cash flow margin	5.0%	2.8%	-4.6%	-6.7%	-2.6%	5.9%
FCF / Net income	1.47	-1.37	1.20	1.01	0.45	-0.26
R&D / Revenue	5.0%	6.5%	7.8%	9.0%	19.2%	17.3%
SG&A / Revenue	16.0%	17.8%	18.5%	19.0%	22.3%	22.0%
Effective tax rate	8.1%	-	-	-	-	-
Return on assets	4.2%	-2.5%	-4.2%	-5.8%	-4.2%	-18.7%
Return on equity	21.0%	-6.3%	-10.6%	-14.9%	-10.0%	-42.8%
Return on invested capital	14.8%	4.9%	-1.3%	-5.9%	-5.4%	-17.9%
Liquidity
Current ratio	3.10	2.73	2.72	2.41	2.87	3.38
Quick ratio	1.71	1.45	1.38	1.17	1.54	1.71
Cash ratio	0.13	0.06	0.03	0.09	0.25	0.43
Leverage
Debt / Equity	2.39	0.66	0.64	0.66	0.64	0.64
Debt / Assets	0.47	0.26	0.25	0.26	0.27	0.28
Debt / EBITDA	3.40	3.31	8.19	-	492.45	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	5.05	2.53	2.54	2.56	2.37	2.29
Liabilities / Assets	0.80	0.61	0.61	0.61	0.58	0.56
Efficiency
Asset turnover	1.22	1.23	1.09	0.87	0.73	0.81
Inventory turnover	3.07	3.14	2.96	2.46	2.41	2.58
Days sales outstanding	87d	88d	91d	101d	88d	68d
Days inventory outstanding	119d	116d	123d	148d	152d	141d
Days payable outstanding	25d	25d	39d	51d	34d	24d
Cash conversion cycle	181d	179d	175d	198d	206d	185d
Valuation
P / E	67.0x	-	-	-	-	-
P / B	14.1x	2.2x	2.3x	1.4x	1.5x	1.5x
P / S	2.3x	0.7x	0.8x	0.6x	0.8x	0.8x
EV / EBITDA	23.3x	14.1x	37.6x	-	1528.6x	-
Growth
Revenue growth (YoY)	8.4%	15.4%	28.8%	20.2%	-11.5%	-35.0%
Revenue CAGR (3y)	17.2%	21.4%	11.1%	-11.5%	-11.1%	-
Revenue CAGR (5y)	11.4%	0.6%	1.7%	-	-	-
Gross profit growth (YoY)	53.4%	39.4%	68.9%	9.5%	-32.5%	-38.0%
Operating income growth (YoY)	188.7%	-	77.8%	-4.8%	71.5%	-
Net income growth (YoY)	-	38.6%	26.1%	-39.8%	77.9%	-
EPS growth (YoY)	-	42.5%	27.9%	-35.4%	78.2%	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	94.8%	-	12.2%	-211.2%	-	16.2%
FCF CAGR (5y)	7.6%	-2.9%	-	-	-	-13.0%
Book value growth (YoY)	-45.3%	2.6%	4.0%	-6.5%	-5.1%	-30.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$664.11M total

Aerospace Segment$599.30M · 90.2%

Test Systems Segment$64.81M · 9.8%

Product / service

$797.32M total

Product Line Electrical Power And Motion$410.38M · 51.5%

Product Line Lighting And Safety$208.90M · 26.2%

Product Line Avionics$123.42M · 15.5%

Product Line Systems Certification$29.07M · 3.6%

Product Line Structures$13.64M · 1.7%

Product Line Other$11.91M · 1.5%

Geographic

$952.23M total

US$615.10M · 64.6%

Europe$153.40M · 16.1%

Non Us$90.10M · 9.5%

Asia$73.27M · 7.7%

North America Excluding United States$14.63M · 1.5%

Other Continent$3.62M · 0.4%

South America$2.12M · 0.2%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.22

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✗No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Aircraft Parts & Auxiliary Equipment, NEC

Company	Revenue (last FY)	Net margin	ROE
TDG	$8.83B	23.5%	-21.4%
SPR	-	-	-
DCO	$824.73M	-4.1%	-5.1%
AIRI	$47.92M	-2.7%	-6.8%
PKE	-	-	5.5%

Comparing ASTRONICS CORP against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Oct 25, 2012	$1.6733
Oct 2, 2008	$2.0379
Mar 17, 2003	$1.1023
Nov 14, 2001	$1.4128
Oct 13, 2000	$0.3335