NASDAQ : ATRO
Astronics Corporation — Financial statements
Industrials · Aerospace & Defense · United States
Last price 59.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.55B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Astronics Corporation (ATRO) reported revenue of 942.09M 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 | 942.09M | 862.13M | 795.43M | 689.21M | 534.89M | 444.91M |
| Cost of Revenue | 637.58M | 598.17M | 575.00M | 514.67M | 469.35M | 390.23M |
| Gross Profit | 304.51M | 263.96M | 220.43M | 174.53M | 65.54M | 54.68M |
| Selling, General & Admin | 135.07M | 126.73M | 143.67M | 127.61M | 103.15M | 103.32M |
| Research & Development | 43.79M | 43.48M | 52.09M | 53.74M | ||
| Operating Expenses | 178.86M | 170.21M | 195.76M | 181.35M | 103.15M | 103.32M |
| Operating Income | 125.65M | 93.75M | 24.67M | -6.82M | -37.61M | -48.64M |
| Interest Expense | -10.98M | -12.56M | -22.00M | -23.33M | -9.42M | -6.80M |
| Other Non Operating Income (Expenses) | 334.00K | 1.10M | 308.00K | 507.00K | 558.00K | 283.00K |
| EBT Excluding Unusual Items | 115.00M | 82.29M | 2.98M | -29.64M | -46.48M | -55.16M |
| Merger & Restructuring Charges | -1.80M | -8.00M | ||||
| Gain (Loss) on Sale of Assets | 3.43M | 11.28M | 15.69M | |||
| Legal Settlements | -9.70M | -700.00K | -1.90M | -600.00K | -600.00K | |
| Other Unusual Items | -30.64M | -32.64M | -10.15M | 1.80M | 6.00M | 13.11M |
| Pretax Income | 82.56M | 31.95M | -7.87M | -26.31M | -29.79M | -26.96M |
| Income Tax Expense | 3.44M | 2.59M | 8.35M | 110.00K | 5.95M | -1.38M |
| Net Income | 79.12M | 29.36M | -16.21M | -26.42M | -35.75M | -25.58M |
| Net Income to Common | 79.12M | 29.36M | -16.21M | -26.42M | -35.75M | -25.58M |
| Shares Outstanding (Basic) | 42.80M | 42.53M | 42.04M | 39.72M | 38.60M | 37.27M |
| Shares Outstanding (Diluted) | 45.23M | 43.76M | 42.04M | 39.72M | 38.60M | 37.27M |
| EPS (Basic) | 1.85 | 0.69 | -0.39 | -0.67 | -0.93 | -0.69 |
| EPS (Diluted) | 1.75 | 0.68 | -0.39 | -0.67 | -0.93 | -0.69 |
| Free Cash Flow | 60.68M | 43.12M | 22.14M | -31.59M | -35.99M | -11.56M |
| Free Cash Flow Per Share | 1.34 | 0.98 | 0.53 | -0.80 | -0.93 | -0.31 |
| Gross Margin | 32.32% | 30.62% | 27.71% | 25.32% | 12.25% | 12.29% |
| Operating Margin | 13.34% | 10.87% | 3.10% | -0.99% | -7.03% | -10.93% |
| Profit Margin | 8.40% | 3.40% | -2.04% | -3.83% | -6.68% | -5.75% |
| Free Cash Flow Margin | 6.44% | 5.00% | 2.78% | -4.58% | -6.73% | -2.60% |
| EBITDA | 148.76M | 115.59M | 49.14M | 19.29M | -9.84M | -19.64M |
| EBITDA Margin | 15.79% | 13.41% | 6.18% | 2.80% | -1.84% | -4.41% |
| D&A For EBITDA | 23.11M | 21.84M | 24.47M | 26.10M | 27.78M | 29.00M |
| EBIT | 125.65M | 93.75M | 24.67M | -6.82M | -37.61M | -48.64M |
| EBIT Margin | 13.34% | 10.87% | 3.10% | -0.99% | -7.03% | -10.93% |
| Effective Tax Rate | 4.17% | 8.09% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.02M | 18.18M | 9.29M | 4.76M | 13.78M | 29.76M |
| Cash & Short-Term Investments | 9.02M | 18.18M | 9.29M | 4.76M | 13.78M | 29.76M |
| Receivables | 228.90M | 204.67M | 191.45M | 172.11M | 147.79M | 107.44M |
| Inventory | 220.06M | 196.86M | 199.74M | 191.80M | 187.98M | 157.58M |
| Prepaid Expenses | 27.76M | 18.03M | 16.56M | 14.56M | 15.74M | 45.09M |
| Restricted Cash | 9.14M | 6.56M | ||||
| Total Current Assets | 485.74M | 437.74M | 426.17M | 389.78M | 365.29M | 339.86M |
| Property, Plant & Equipment | 146.84M | 139.35M | 104.30M | 113.54M | 103.78M | 111.48M |
| Goodwill | 64.50M | 62.92M | 58.06M | 58.21M | 58.17M | 58.28M |
| Other Intangible Assets | 49.39M | 55.35M | 52.48M | 65.42M | 79.28M | 94.32M |
| Long-Term Deferred Tax Assets | 712.00K | 273.00K | ||||
| Long-Term Deferred Charges | 2.70M | 3.00M | 3.00M | 2.00M | 3.20M | 400.00K |
| Other Long-Term Assets | 11.67M | 8.32M | 4.76M | 4.84M | 4.60M | 4.53M |
| Total Assets | 760.84M | 706.68M | 648.76M | 633.79M | 615.03M | 609.14M |
| Accounts Payable | 64.40M | 41.08M | 42.96M | 61.13M | 64.19M | 34.86M |
| Accrued Expenses | 46.49M | 46.17M | 56.24M | 33.21M | 31.46M | 38.74M |
| Current Portion of Long-Term Debt | 9.00M | 4.50M | ||||
| Current Portion of Leases | 5.93M | 5.80M | 4.70M | 5.17M | 4.47M | 6.85M |
| Current Income Taxes Payable | 1.41M | 6.68M | 3.04M | 6.41M | 2.62M | |
| Current Unearned Revenue | 26.59M | 26.07M | 27.49M | 22.03M | 32.57M | 27.36M |
| Other Current Liabilities | 19.97M | 20.74M | 18.08M | 9.75M | 8.01M | 8.18M |
| Total Current Liabilities | 163.38M | 141.28M | 156.15M | 143.33M | 151.61M | 118.61M |
| Long-Term Debt | 310.32M | 334.45M | 168.67M | 159.24M | 159.50M | 163.00M |
| Long-Term Leases | 36.72M | 38.10M | 20.51M | 24.48M | 10.01M | 12.02M |
| Long-Term Unearned Revenue | 893.00K | 680.00K | 859.00K | 642.00K | 1.14M | |
| Pension & Post-Retirement Benefits | 27.38M | 24.09M | 29.29M | 26.60M | 31.20M | |
| Long-Term Deferred Tax Liabilities | 640.00K | 1.43M | 1.31M | 1.87M | 1.42M | |
| Other Long-Term Liabilities | 52.21M | 23.86M | 21.14M | 25.77M | 24.87M | 25.14M |
| Total Liabilities | 562.62M | 566.60M | 392.67M | 384.27M | 375.11M | 352.53M |
| Common Stock | 457.00K | 385.00K | 380.00K | 373.00K | 354.00K | 353.00K |
| Additional Paid-In Capital | 4.07M | 4.90M | 144.15M | 129.54M | 98.63M | 92.04M |
| Retained Earnings | 277.30M | 216.70M | 192.21M | 209.75M | 240.36M | 287.23M |
| Treasury Stock | -77.50M | -77.50M | -76.78M | -80.73M | -89.90M | -108.52M |
| Comprehensive Income & Other | -6.11M | -4.41M | -3.86M | -9.43M | -9.53M | -14.49M |
| Shareholders' Equity | 198.22M | 140.07M | 256.10M | 249.52M | 239.92M | 256.60M |
| Total Liabilities & Equity | 760.84M | 706.68M | 648.76M | 633.79M | 615.03M | 609.14M |
| Total Debt | 352.97M | 378.35M | 193.87M | 197.88M | 178.48M | 181.87M |
| Net Cash (Debt) | -343.95M | -360.17M | -184.59M | -193.12M | -164.70M | -152.11M |
| Net Cash Per Share | -7.60 | -8.23 | -4.39 | -4.86 | -4.27 | -4.08 |
| Filing Date Shares Outstanding | 43.01M | 42.83M | 42.32M | 41.43M | 38.74M | 37.83M |
| Total Common Shares Outstanding | 43.01M | 42.81M | 42.32M | 41.43M | 38.74M | 37.77M |
| Working Capital | 322.36M | 296.46M | 270.02M | 246.45M | 213.68M | 221.25M |
| Book Value Per Share | 4.61 | 3.27 | 6.05 | 6.02 | 6.19 | 6.79 |
| Tangible Book Value | 84.33M | 21.80M | 145.56M | 125.89M | 102.47M | 104.00M |
| Tangible Book Value Per Share | 1.96 | 0.51 | 3.44 | 3.04 | 2.65 | 2.75 |
| Land | 8.87M | 8.90M | 8.55M | 8.61M | 8.58M | 8.63M |
| Buildings | 99.45M | 83.48M | 72.15M | 71.48M | 73.74M | 70.57M |
| Machinery | 139.76M | 131.61M | 125.87M | 126.72M | 123.07M | 121.96M |
| Construction In Progress | 8.33M | 19.62M | 4.00M | 4.22M | 6.42M | 5.68M |
| Order Backlog | 674.50M | 599.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 79.12M | 29.36M | -16.21M | -26.42M | -35.75M | -25.58M |
| Depreciation & Amortization | 23.11M | 21.84M | 24.47M | 26.10M | 27.78M | 29.00M |
| Other Amortization | 3.03M | 3.04M | 3.19M | 3.02M | ||
| Loss (Gain) From Sale of Assets | -3.43M | -11.28M | -15.76M | |||
| Stock-Based Compensation | 7.72M | 6.80M | 12.03M | 16.55M | 11.01M | 10.66M |
| Other Operating Activities | 50.96M | 53.27M | 39.36M | 16.02M | 13.05M | 19.05M |
| Change in Accounts Receivable | -38.90M | -8.10M | -21.98M | -31.87M | -41.65M | -14.83M |
| Change in Inventory | -30.44M | -4.43M | -21.55M | -13.28M | -34.06M | -5.15M |
| Change in Accounts Payable | 17.55M | -3.11M | -17.69M | -4.50M | 27.84M | 8.61M |
| Change in Unearned Revenue | -2.85M | -4.19M | 5.69M | -4.83M | 5.26M | -235.00K |
| Change in Income Taxes | 1.44M | -7.94M | 4.50M | -1.95M | 16.13M | 156.00K |
| Change in Other Net Operating Assets | -8.21M | -11.72M | 18.77M | 631.00K | -6.65M | -11.46M |
| Operating Cash Flow | 102.51M | 74.80M | 30.57M | -23.95M | -28.31M | -5.53M |
| Capital Expenditures | -41.83M | -31.67M | -8.43M | -7.64M | -7.67M | -6.03M |
| Cash Acquisitions | -22.07M | -22.07M | ||||
| Divestitures | 3.54M | 22.06M | 9.21M | |||
| Investing Cash Flow | -63.91M | -53.75M | -8.43M | -4.11M | 14.39M | 3.18M |
| Long-Term Debt Issued | 411.14M | 377.39M | 139.73M | 125.83M | 20.00M | |
| Long-Term Debt Repaid | -396.89M | -374.89M | -131.23M | -124.83M | -30.90M | |
| Net Debt Issued (Repaid) | -752.00K | 14.25M | 2.50M | 8.50M | 1.00M | -10.90M |
| Issuance of Common Stock | 753.00K | 753.00K | 23.75M | 97.00K | 3.40M | |
| Other Financing Activities | -42.51M | -37.40M | -17.03M | -6.81M | -2.51M | |
| Financing Cash Flow | -42.51M | -22.39M | -14.53M | 25.43M | -1.41M | -7.50M |
| Foreign Exchange Rate Adjustments | -540.00K | 1.10M | -493.00K | 156.00K | -641.00K | -799.00K |
| Net Cash Flow | -4.44M | -248.00K | 7.12M | -2.46M | -15.98M | -10.65M |
| Free Cash Flow | 60.68M | 43.12M | 22.14M | -31.59M | -35.99M | -11.56M |
| Free Cash Flow Margin | 6.44% | 5.00% | 2.78% | -4.58% | -6.73% | -2.60% |
| Free Cash Flow Per Share | 1.34 | 0.98 | 0.53 | -0.80 | -0.93 | -0.31 |
| Levered Free Cash Flow | 16.81M | 32.09M | 23.35M | -27.78M | -8.82M | -9.49M |
| Unlevered Free Cash Flow | 20.65M | 36.90M | 33.90M | -16.23M | -2.93M | -5.23M |
| Cash Interest Paid | 9.98M | 8.98M | 19.24M | 17.69M | 7.61M | 5.95M |
| Cash Income Tax Paid | 867.00K | 11.61M | 3.54M | 1.96M | -9.98M | -1.25M |
| Change in Working Capital | -61.41M | -39.50M | -32.26M | -55.80M | -33.12M | -22.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.55B | 1.93B | 563.37M | 591.36M | 329.15M | 377.59M |
| Enterprise Value | 2.90B | 2.30B | 763.66M | 786.00M | 501.52M | 552.03M |
| Last Close Price | 59.39 | 45.20 | 13.30 | 14.52 | 8.58 | 10.00 |
| PE Ratio | 33.89 | 65.82 | ||||
| Forward PE | 20.80 | 23.48 | 23.47 | 31.11 | 28.19 | 61.01 |
| PS Ratio | 2.71 | 2.24 | 0.71 | 0.86 | 0.61 | 0.85 |
| PB Ratio | 12.89 | 13.79 | 2.20 | 2.37 | 1.37 | 1.47 |
| P/TBV Ratio | 30.29 | 88.65 | 3.87 | 4.70 | 3.21 | 3.63 |
| P/FCF Ratio | 42.09 | 44.81 | 25.45 | |||
| P/OCF Ratio | 24.92 | 25.84 | 18.43 | |||
| PEG Ratio | 1.04 | 1.21 | 3.56 | 3.56 | 8.51 | 6.10 |
| EV/Sales Ratio | 3.08 | 2.67 | 0.96 | 1.14 | 0.94 | 1.24 |
| EV/EBITDA Ratio | 19.48 | 19.88 | 15.54 | 40.75 | ||
| EV/EBIT Ratio | 23.07 | 24.52 | 30.95 | |||
| EV/FCF Ratio | 47.76 | 53.30 | 34.49 | |||
| Debt / Equity Ratio | 1.78 | 2.70 | 0.76 | 0.79 | 0.74 | 0.71 |
| Debt / EBITDA Ratio | 2.17 | 2.95 | 3.31 | 7.03 | ||
| Debt / FCF Ratio | 5.82 | 8.77 | 8.76 | |||
| Net Debt / Equity Ratio | 1.74 | 2.57 | 0.72 | 0.77 | 0.69 | 0.59 |
| Net Debt / EBITDA Ratio | 2.31 | 3.12 | 3.76 | 10.01 | -16.75 | -7.75 |
| Net Debt / FCF Ratio | 5.67 | 8.35 | 8.34 | -6.11 | -4.58 | -13.15 |
| Asset Turnover | 1.34 | 1.27 | 1.24 | 1.10 | 0.87 | 0.72 |
| Inventory Turnover | 3.08 | 3.02 | 2.94 | 2.71 | 2.72 | 2.48 |
| Quick Ratio | 1.46 | 1.58 | 1.28 | 1.23 | 1.07 | 1.16 |
| Current Ratio | 2.97 | 3.10 | 2.73 | 2.72 | 2.41 | 2.87 |
| Return on Equity (ROE) | 33.68% | 14.82% | -6.41% | -10.80% | -14.40% | -9.71% |
| Return on Assets (ROA) | 11.16% | 8.65% | 2.40% | -0.68% | -3.84% | -4.95% |
| Return on Invested Capital (ROIC) | 22.48% | 18.31% | 5.59% | -1.61% | -9.25% | -11.63% |
| Return on Capital Employed (ROCE) | 21.00% | 16.60% | 5.00% | -1.40% | -8.10% | -9.90% |
| Earnings Yield | 2.95% | 1.52% | -2.88% | -4.47% | -10.86% | -6.77% |
| FCF Yield | 2.38% | 2.23% | 3.93% | -5.34% | -10.93% | -3.06% |
| Buyback Yield / Dilution | -6.95% | -4.07% | -5.84% | -2.92% | -3.55% | -0.86% |