NASDAQ : ASTE
Astec Industries, Inc. — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 39.27 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 904.21M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Astec Industries, Inc. (ASTE) reported revenue of 1.56B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.56B | 1.41B | 1.31B | 1.34B | 1.27B | 1.10B |
| Cost of Revenue | 1.15B | 1.03B | 976.70M | 1.01B | 1.01B | 846.00M |
| Gross Profit | 406.80M | 381.70M | 328.40M | 331.10M | 264.10M | 249.50M |
| Selling, General & Admin | 295.00M | 254.20M | 215.70M | 226.00M | 189.40M | 191.20M |
| Research & Development | 26.90M | 26.90M | 23.80M | 22.00M | 31.50M | 26.50M |
| Operating Expenses | 324.00M | 283.20M | 240.40M | 249.60M | 222.10M | 218.40M |
| Operating Income | 82.80M | 98.50M | 88.00M | 81.50M | 42.00M | 31.10M |
| Interest Expense | -28.90M | -18.50M | -10.70M | -8.90M | -2.50M | -1.10M |
| Interest & Investment Income | 2.80M | 3.30M | 2.00M | 2.10M | 1.00M | 500.00K |
| Currency Exchange Gain (Loss) | 900.00K | 900.00K | -1.20M | 700.00K | -900.00K | -500.00K |
| Other Non Operating Income (Expenses) | 100.00K | 1.20M | 600.00K | 100.00K | 200.00K | |
| EBT Excluding Unusual Items | 57.70M | 85.40M | 78.70M | 75.50M | 39.80M | 30.00M |
| Merger & Restructuring Charges | -29.90M | -32.80M | -43.80M | -34.80M | -31.70M | -16.30M |
| Impairment of Goodwill | -20.20M | |||||
| Gain (Loss) on Sale of Investments | 300.00K | 300.00K | 200.00K | -900.00K | -300.00K | |
| Gain (Loss) on Sale of Assets | 500.00K | 200.00K | 1.10M | 3.10M | 700.00K | 600.00K |
| Asset Writedown | -1.20M | -3.50M | -200.00K | |||
| Legal Settlements | -1.90M | |||||
| Pretax Income | 28.60M | 53.10M | 13.90M | 42.80M | 4.40M | 13.80M |
| Income Tax Expense | 9.10M | 14.30M | 9.80M | 9.10M | 5.00M | -2.10M |
| Earnings From Continuing Operations | 19.50M | 38.80M | 4.10M | 33.70M | -600.00K | 15.90M |
| Minority Interest in Earnings | 100.00K | 200.00K | -200.00K | 500.00K | -100.00K | |
| Net Income | 19.60M | 38.80M | 4.30M | 33.50M | -100.00K | 15.80M |
| Net Income to Common | 19.60M | 38.80M | 4.30M | 33.50M | -100.00K | 15.80M |
| Shares Outstanding (Basic) | 22.93M | 22.87M | 22.80M | 22.72M | 22.79M | 22.73M |
| Shares Outstanding (Diluted) | 23.22M | 23.10M | 22.85M | 22.78M | 22.79M | 22.95M |
| EPS (Basic) | 0.85 | 1.70 | 0.19 | 1.47 | -0.00 | 0.70 |
| EPS (Diluted) | 0.84 | 1.68 | 0.19 | 1.47 | -0.00 | 0.69 |
| Free Cash Flow | 32.40M | 20.70M | 2.50M | -6.30M | -114.60M | -12.70M |
| Free Cash Flow Per Share | 1.40 | 0.90 | 0.11 | -0.28 | -5.03 | -0.55 |
| Dividend Per Share | 0.52 | 0.52 | 0.52 | 0.52 | 0.49 | 0.45 |
| Gross Margin | 26.16% | 27.06% | 25.16% | 24.74% | 20.72% | 22.78% |
| Operating Margin | 5.32% | 6.98% | 6.74% | 6.09% | 3.29% | 2.84% |
| Profit Margin | 1.26% | 2.75% | 0.33% | 2.50% | -0.01% | 1.44% |
| Free Cash Flow Margin | 2.08% | 1.47% | 0.19% | -0.47% | -8.99% | -1.16% |
| EBITDA | 135.30M | 134.80M | 114.80M | 107.10M | 69.90M | 61.30M |
| EBITDA Margin | 8.70% | 9.56% | 8.80% | 8.00% | 5.49% | 5.60% |
| D&A For EBITDA | 52.50M | 36.30M | 26.80M | 25.60M | 27.90M | 30.20M |
| EBIT | 82.80M | 98.50M | 88.00M | 81.50M | 42.00M | 31.10M |
| EBIT Margin | 5.32% | 6.98% | 6.74% | 6.09% | 3.29% | 2.84% |
| Effective Tax Rate | 31.82% | 26.93% | 70.50% | 21.26% | 113.64% | |
| Advertising Expenses | 2.30M | 2.10M | 1.80M | 2.10M | 1.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 76.80M | 72.00M | 90.80M | 63.20M | 66.00M | 134.40M |
| Short-Term Investments | 1.80M | 2.10M | 3.00M | 5.70M | 3.90M | 8.60M |
| Cash & Short-Term Investments | 78.60M | 74.10M | 93.80M | 68.90M | 69.90M | 143.00M |
| Accounts Receivable | 219.10M | 218.70M | 167.20M | 152.70M | 173.60M | 141.70M |
| Other Receivables | 2.80M | |||||
| Receivables | 219.10M | 218.70M | 167.20M | 152.70M | 173.60M | 145.20M |
| Inventory | 460.30M | 466.00M | 422.70M | 455.60M | 393.40M | 298.70M |
| Prepaid Expenses | 37.40M | 38.30M | 25.80M | 24.40M | 27.00M | 23.40M |
| Other Current Assets | 21.00M | 19.50M | 13.30M | 17.90M | 32.50M | 25.70M |
| Total Current Assets | 816.40M | 816.60M | 722.80M | 719.50M | 696.40M | 636.00M |
| Property, Plant & Equipment | 239.90M | 237.20M | 189.70M | 196.10M | 184.40M | 177.50M |
| Long-Term Investments | 23.10M | 21.10M | 18.90M | 13.80M | 15.10M | 12.20M |
| Goodwill | 132.50M | 111.80M | 25.00M | 46.30M | 45.20M | 38.60M |
| Other Intangible Assets | 139.20M | 124.50M | 11.20M | 16.40M | 22.50M | 22.70M |
| Long-Term Deferred Tax Assets | 24.00M | 25.30M | 45.80M | 37.50M | 32.10M | 16.20M |
| Long-Term Deferred Charges | 22.80M | 27.60M | 28.80M | 27.30M | 16.60M | |
| Other Long-Term Assets | 17.60M | 3.10M | 1.40M | 2.40M | 2.10M | 2.60M |
| Total Assets | 1.42B | 1.37B | 1.04B | 1.06B | 1.01B | 905.80M |
| Accounts Payable | 107.60M | 93.50M | 79.20M | 116.90M | 107.20M | 82.20M |
| Accrued Expenses | 44.80M | 51.20M | 38.20M | 44.10M | 35.30M | 30.60M |
| Short-Term Debt | 11.80M | 12.10M | 13.30M | 11.00M | 9.40M | 2.60M |
| Current Portion of Long-Term Debt | 16.20M | 16.20M | 100.00K | 200.00K | 100.00K | |
| Current Portion of Leases | 5.40M | 2.60M | 2.30M | 2.70M | 1.60M | |
| Other Current Liabilities | 144.00M | 149.60M | 138.40M | 124.60M | 119.20M | 106.20M |
| Total Current Liabilities | 324.40M | 328.00M | 271.70M | 299.00M | 274.00M | 223.30M |
| Long-Term Debt | 365.40M | 319.60M | 105.00M | 72.00M | 78.10M | 200.00K |
| Long-Term Leases | 9.70M | 5.50M | 6.50M | 8.30M | 4.20M | |
| Long-Term Deferred Tax Liabilities | 6.10M | 6.70M | 2.40M | 1.10M | 2.10M | 1.40M |
| Other Long-Term Liabilities | 30.50M | 21.60M | 21.40M | 27.00M | 25.00M | 25.40M |
| Total Liabilities | 726.40M | 685.60M | 406.00M | 405.60M | 387.50M | 254.50M |
| Common Stock | 4.60M | 4.60M | 4.60M | 4.50M | 4.50M | 4.50M |
| Additional Paid-In Capital | 152.20M | 149.60M | 142.90M | 138.40M | 135.80M | 130.60M |
| Retained Earnings | 574.00M | 568.30M | 541.70M | 549.40M | 527.80M | 549.30M |
| Comprehensive Income & Other | -41.70M | -40.80M | -51.40M | -38.90M | -41.20M | -33.60M |
| Total Common Equity | 689.10M | 681.70M | 637.80M | 653.40M | 626.90M | 650.80M |
| Minority Interest | -100.00K | -200.00K | 300.00K | 500.00K | ||
| Shareholders' Equity | 689.10M | 681.60M | 637.60M | 653.70M | 626.90M | 651.30M |
| Total Liabilities & Equity | 1.42B | 1.37B | 1.04B | 1.06B | 1.01B | 905.80M |
| Total Debt | 393.40M | 363.00M | 126.40M | 91.90M | 98.70M | 8.70M |
| Net Cash (Debt) | -314.80M | -288.90M | -32.60M | -23.00M | -28.80M | 134.30M |
| Net Cash Per Share | -13.56 | -12.51 | -1.43 | -1.01 | -1.26 | 5.85 |
| Filing Date Shares Outstanding | 23.03M | 22.90M | 22.80M | 22.74M | 22.65M | 22.77M |
| Total Common Shares Outstanding | 22.99M | 22.88M | 22.80M | 22.74M | 22.62M | 22.77M |
| Working Capital | 492.00M | 488.60M | 451.10M | 420.50M | 422.40M | 412.70M |
| Book Value Per Share | 29.97 | 29.80 | 27.97 | 28.73 | 27.71 | 28.59 |
| Tangible Book Value | 417.40M | 445.40M | 601.60M | 590.70M | 559.20M | 589.50M |
| Tangible Book Value Per Share | 18.15 | 19.47 | 26.38 | 25.98 | 24.72 | 25.89 |
| Land | 15.50M | 12.30M | 12.70M | 12.40M | 13.90M | |
| Buildings | 173.90M | 158.80M | 149.10M | 140.80M | 154.30M | |
| Machinery | 302.40M | 271.30M | 253.60M | 234.50M | 243.90M | |
| Construction In Progress | 15.50M | 3.90M | 20.30M | 19.70M | 7.60M | |
| Order Backlog | 514.10M | 419.60M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 19.60M | 38.80M | 4.30M | 33.50M | -100.00K | 15.80M |
| Depreciation & Amortization | 52.50M | 36.30M | 26.80M | 25.60M | 27.90M | 30.20M |
| Other Amortization | 2.20M | 1.20M | 300.00K | 300.00K | ||
| Loss (Gain) From Sale of Assets | -500.00K | -200.00K | -1.10M | -3.10M | -700.00K | -600.00K |
| Asset Writedown & Restructuring Costs | 20.20M | 1.20M | 3.50M | 200.00K | ||
| Stock-Based Compensation | 9.10M | 7.20M | 4.90M | 4.00M | 5.90M | 6.50M |
| Provision & Write-off of Bad Debts | 900.00K | 2.10M | 600.00K | 1.60M | 1.20M | 1.40M |
| Other Operating Activities | 29.00M | 30.60M | 10.50M | 9.60M | -6.00M | 10.40M |
| Change in Accounts Receivable | -36.30M | -28.40M | -20.60M | 20.50M | -28.00M | -28.40M |
| Change in Inventory | 49.70M | 11.80M | 27.40M | -63.00M | -96.40M | -51.50M |
| Change in Accounts Payable | 2.50M | -2.10M | -35.90M | 7.70M | 25.50M | 29.50M |
| Change in Income Taxes | 1.70M | -3.50M | 11.10M | 3.60M | 6.00M | -14.30M |
| Change in Other Net Operating Assets | -49.30M | -32.20M | -24.00M | -13.40M | -13.40M | 11.30M |
| Operating Cash Flow | 80.80M | 61.40M | 23.00M | 27.80M | -73.90M | 7.40M |
| Capital Expenditures | -48.40M | -40.70M | -20.50M | -34.10M | -40.70M | -20.10M |
| Sale of Property, Plant & Equipment | 1.10M | 800.00K | 2.30M | 20.30M | 5.70M | 1.90M |
| Cash Acquisitions | -316.90M | -248.70M | -17.80M | 100.00K | ||
| Divestitures | -1.10M | |||||
| Investment in Securities | -400.00K | 100.00K | -200.00K | 900.00K | -400.00K | 800.00K |
| Other Investing Activities | 800.00K | 700.00K | 400.00K | |||
| Investing Cash Flow | -363.80M | -287.80M | -18.00M | -12.90M | -53.20M | -18.40M |
| Long-Term Debt Issued | 459.10M | 215.60M | 240.60M | 223.00M | 7.20M | |
| Long-Term Debt Repaid | -230.10M | -179.20M | -245.80M | -138.50M | -6.20M | |
| Net Debt Issued (Repaid) | 296.50M | 229.00M | 36.40M | -5.20M | 84.50M | 1.00M |
| Issuance of Common Stock | 100.00K | 400.00K | 300.00K | 200.00K | 600.00K | |
| Repurchase of Common Stock | -2.60M | -700.00K | -500.00K | -1.60M | -11.90M | -3.50M |
| Common Dividends Paid | -12.00M | -11.90M | -11.90M | -11.80M | -11.20M | -10.20M |
| Other Financing Activities | -10.40M | -10.40M | -1.50M | |||
| Financing Cash Flow | 271.50M | 206.10M | 24.40M | -18.30M | 60.10M | -12.10M |
| Foreign Exchange Rate Adjustments | -400.00K | 1.50M | -1.80M | 600.00K | -1.40M | -1.10M |
| Net Cash Flow | -11.90M | -18.80M | 27.60M | -2.80M | -68.40M | -24.20M |
| Free Cash Flow | 32.40M | 20.70M | 2.50M | -6.30M | -114.60M | -12.70M |
| Free Cash Flow Margin | 2.08% | 1.47% | 0.19% | -0.47% | -8.99% | -1.16% |
| Free Cash Flow Per Share | 1.40 | 0.90 | 0.11 | -0.28 | -5.03 | -0.55 |
| Levered Free Cash Flow | -1.11M | -21.20M | 51.61M | 38.38M | -73.01M | -2.55M |
| Unlevered Free Cash Flow | 14.75M | -10.84M | 58.00M | 43.64M | -71.45M | -1.86M |
| Cash Interest Paid | 25.00M | 16.10M | 8.50M | 7.00M | 1.10M | 300.00K |
| Cash Income Tax Paid | 8.40M | 19.70M | 8.20M | 13.80M | 17.70M | 10.00M |
| Change in Working Capital | -32.00M | -54.60M | -43.50M | -44.90M | -105.60M | -56.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 904.21M | 990.98M | 766.14M | 845.90M | 923.49M | 1.58B |
| Enterprise Value | 1.22B | 1.27B | 818.84M | 895.70M | 909.19M | 1.40B |
| Last Close Price | 39.27 | 42.98 | 32.92 | 35.93 | 38.77 | 65.29 |
| PE Ratio | 46.55 | 25.54 | 178.17 | 25.25 | 99.80 | |
| Forward PE | 10.65 | 13.93 | 14.39 | 13.88 | 18.18 | 26.86 |
| PS Ratio | 0.58 | 0.70 | 0.59 | 0.63 | 0.72 | 1.44 |
| PB Ratio | 1.31 | 1.45 | 1.20 | 1.29 | 1.47 | 2.42 |
| P/TBV Ratio | 2.17 | 2.23 | 1.27 | 1.43 | 1.65 | 2.67 |
| P/FCF Ratio | 27.91 | 47.87 | 306.46 | |||
| P/OCF Ratio | 11.19 | 16.14 | 33.31 | 30.43 | 213.10 | |
| PEG Ratio | 0.97 | 1.99 | 2.40 | 2.31 | 3.03 | 1.68 |
| EV/Sales Ratio | 0.78 | 0.90 | 0.63 | 0.67 | 0.71 | 1.28 |
| EV/EBITDA Ratio | 9.01 | 9.43 | 7.13 | 8.36 | 13.01 | 22.91 |
| EV/EBIT Ratio | 14.72 | 12.91 | 9.30 | 10.99 | 21.65 | 45.16 |
| EV/FCF Ratio | 37.62 | 61.41 | 327.54 | |||
| Debt / Equity Ratio | 0.57 | 0.53 | 0.20 | 0.14 | 0.16 | 0.01 |
| Debt / EBITDA Ratio | 2.75 | 2.54 | 1.04 | 0.81 | 1.31 | 0.13 |
| Debt / FCF Ratio | 12.14 | 17.54 | 50.56 | |||
| Net Debt / Equity Ratio | 0.46 | 0.42 | 0.05 | 0.04 | 0.05 | -0.21 |
| Net Debt / EBITDA Ratio | 2.33 | 2.14 | 0.28 | 0.21 | 0.41 | -2.19 |
| Net Debt / FCF Ratio | 9.72 | 13.96 | 13.04 | -3.65 | -0.25 | 10.57 |
| Asset Turnover | 1.25 | 1.17 | 1.24 | 1.29 | 1.33 | 1.25 |
| Inventory Turnover | 2.53 | 2.31 | 2.22 | 2.37 | 2.92 | 3.08 |
| Quick Ratio | 0.92 | 0.89 | 0.96 | 0.74 | 0.89 | 1.29 |
| Current Ratio | 2.52 | 2.49 | 2.66 | 2.41 | 2.54 | 2.85 |
| Return on Equity (ROE) | 2.86% | 5.88% | 0.64% | 5.26% | -0.09% | 2.46% |
| Return on Assets (ROA) | 4.17% | 5.11% | 5.23% | 4.91% | 2.73% | 2.22% |
| Return on Invested Capital (ROIC) | 5.65% | 8.77% | 3.85% | 9.63% | -0.98% | 6.19% |
| Return on Capital Employed (ROCE) | 7.60% | 9.50% | 11.40% | 10.70% | 5.70% | 4.60% |
| Earnings Yield | 2.15% | 3.91% | 0.56% | 3.96% | -0.01% | 1.00% |
| FCF Yield | 3.58% | 2.09% | 0.33% | -0.74% | -12.41% | -0.80% |
| Dividend Yield | 1.32% | 1.20% | 1.55% | 1.40% | 1.20% | 0.65% |
| Payout Ratio | 61.64% | 30.67% | 276.74% | 35.22% | 64.56% | |
| Buyback Yield / Dilution | -1.07% | -1.08% | -0.32% | 0.04% | 0.69% | -0.31% |
| Total Shareholder Return | 0.25% | 0.12% | 1.23% | 1.44% | 1.89% | 0.34% |