ASTEC INDUSTRIES INC ASTE

Industrials SIC 3531 - Construction Machinery & Equip NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Construction Machinery Manufacturing derived Nasdaq

We design, engineer, manufacture, market and service equipment and components used primarily in asphalt and concrete road building and related construction activities, as well as other products discussed below. Our products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. We also offer industrial automation controls and telematics platforms as well as manufacturing certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction, demolition, land clearing, energy, hydro-electric and recycling industries and port and rail yard operators; industrial heat transfer equipment; commercial whole-tree pulpwood chippers; horizontal grinders; blower trucks; commercial and industrial burners; and combustion control systems.

Last close 38.45 2026-10-23
Market cap $885.3M 2026-06-30 share count
52-week range 37.49 - 65.69

Valuation FY2025 figures against the last close

P/S0.6x
P/E22.9x
P/FCF42.8x
EV/EBITDA11.2x
Dividend yield1.3%
Diluted EPS1.68

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Infrastructure Solutions
  • Materials Solutions
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Infrastructure Solutions, FY2025: 857.4M (60.8%) 61% Infrastructure Solutions Materials Solutions, FY2025: 553M (39.2%) 39% Materials Solutions FY2024 Infrastructure Solutions, FY2024: 837.4M (64.2%) 64% Materials Solutions, FY2024: 467.7M (35.8%) 36% FY2023 Infrastructure Solutions, FY2023: 800.4M (59.8%) 60% Materials Solutions, FY2023: 537.8M (40.2%) 40%
Segment FY2025FY2024FY2023
Infrastructure Solutions $857.4M $837.4M $800.4M
Materials Solutions $553.0M $467.7M $537.8M

As the company reported it, from the “Operations by Industry Segment and Geographic Area - Schedule of Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.41B$1.31B$1.34B$1.27B$1.10B$1.02B$1.17B$1.17B$1.18B$1.15B
Cost of revenue $1.04B$977.2M$1.01B$1.01B$846.0M$786.8M$930.2M$1.04B$941.6M$882.2M
Gross profit $374.2M$327.9M$330.8M$264.1M$249.5M$237.6M$239.4M$135.8M$243.1M$265.3M
R&D $26.9M$23.8M$22.0M$31.5M$26.5M$22.1M$27.2M$28.3M$26.8M$25.0M
SG&A $308.7M$276.1M$276.4M$247.6M$227.1M$166.9M$183.9M$180.8M$160.8M—
Total operating expenses ———————$180.8M$160.8M$153.1M
Operating income $65.9M$23.2M$48.6M$7.5M$19.9M$40.5M$25.1M-$86.4M$55.5M$87.2M
Interest expense $18.5M$10.7M$8.9M$2.5M$1.1M$700.0K$1.4M$1.0M$840.0K$1.4M
Pre-tax income $53.1M$13.9M$42.8M$4.4M$13.8M$44.5M$25.2M-$85.9M$57.2M$87.1M
Income tax $14.3M$9.8M$9.1M$5.0M$2.1M$1.5M$3.0M$25.2M$19.6M$32.1M
Net income $38.8M$4.3M$33.5M-$100.0K$15.8M$46.0M$22.3M-$60.4M$37.8M$55.2M
EPS, basic 1.700.191.470.000.702.040.99-2.641.642.40
EPS, diluted 1.680.191.470.000.692.010.98-2.641.632.38
Shares, diluted (wtd. avg.) 23.1M22.9M22.8M22.8M22.9M22.9M22.7M22.9M23.2M23.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $72.0M$90.8M$63.2M$66.0M$134.4M$158.6M$48.9M$25.8M$62.3M$82.4M
Short-term investments $2.1M$3.0M$5.7M$3.9M$8.6M$4.3M$1.5M$1.9M$1.6M$1.0M
Receivables $218.7M$167.2M$152.7M$173.6M$141.7M$115.9M$120.3M$130.6M$114.8M$106.7M
Inventory $466.0M$422.7M$455.6M$393.4M$298.7M$249.7M$294.5M$355.9M$391.4M$360.4M
Total current assets $816.6M$722.8M$719.5M$696.4M$636.0M$565.8M$506.3M$561.0M$603.0M$576.8M
Property, plant and equipment $222.3M$181.9M$187.6M$173.6M$171.7M$172.8M$190.4M$192.4M$190.4M$180.5M
Goodwill $111.8M$25.0M$46.3M$45.2M$38.6M$38.7M$33.1M$32.7M$45.7M$40.8M
Other intangibles $124.5M$11.2M$16.4M$22.5M$22.7M$31.2M$23.5M$25.4M$31.0M$26.6M
Total assets $1.37B$1.04B$1.06B$1.01B$905.8M$846.7M$800.5M$855.5M$889.6M$843.6M
Accounts payable $93.5M$79.2M$116.9M$107.2M$82.2M$52.7M$57.2M$70.6M$60.4M$57.3M
Short-term debt $16.2M$0$100.0K$200.0K$100.0K$200.0K$200.0K$413.0K$2.5M$2.5M
Total current liabilities $328.0M$271.7M$299.0M$274.0M$223.3M$170.3M$172.8M$189.2M$179.1M$168.9M
Long-term debt $319.6M$105.0M$72.0M$78.1M$200.0K$400.0K$700.0K$59.7M$1.6M$4.1M
Total liabilities $685.6M$406.0M$405.6M$387.5M$254.5M$205.2M$198.1M$270.2M$202.8M$194.8M
Retained earnings $568.3M$541.7M$549.4M$527.8M$549.3M$545.2M$508.3M$495.2M$565.3M$536.8M
Total equity $681.7M$637.8M$653.7M$626.9M$651.3M$641.5M$601.8M$585.2M$686.6M$648.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $61.4M$23.0M$27.8M-$73.9M$7.4M$141.5M$112.6M-$30.0M$41.9M$134.8M
Depreciation and amortisation $36.3M$26.8M$25.6M$27.9M$30.2M$26.9M$21.4M$22.4M$21.3M$20.8M
Stock-based compensation $7.1M$5.0M$4.1M$6.8M$6.0M$5.1M$2.6M$2.2M$3.1M$2.9M
Capital expenditure $40.7M$20.5M$34.1M$40.7M$20.1M$15.4M$23.4M$27.4M$20.0M$27.4M
Investing cash flow -$287.8M-$18.0M-$12.9M-$53.2M-$18.4M-$20.9M-$21.6M-$27.4M-$46.9M-$66.2M
Financing cash flow $206.1M$24.4M-$18.3M$60.1M-$12.1M-$10.4M-$68.1M$22.8M-$16.8M-$11.0M
Dividends paid $11.9M$11.9M$11.8M$11.2M$10.2M$10.0M$10.0M$9.6M$9.2M$9.2M
Buybacks —$0$0$10.1M$0$0$0$24.1M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000792987-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 1.1B Gross profit, FY2016: 265.3M Net income, FY2016: 55.2M Revenue, FY2017: 1.2B Gross profit, FY2017: 243.1M Net income, FY2017: 37.8M Revenue, FY2018: 1.2B Gross profit, FY2018: 135.8M Net income, FY2018: -60.4M Revenue, FY2019: 1.2B Gross profit, FY2019: 239.4M Net income, FY2019: 22.3M Revenue, FY2020: 1B Gross profit, FY2020: 237.6M Net income, FY2020: 46M Revenue, FY2021: 1.1B Gross profit, FY2021: 249.5M Net income, FY2021: 15.8M Revenue, FY2022: 1.3B Gross profit, FY2022: 264.1M Net income, FY2022: -100K Revenue, FY2023: 1.3B Gross profit, FY2023: 330.8M Net income, FY2023: 33.5M Revenue, FY2024: 1.3B Gross profit, FY2024: 327.9M Net income, FY2024: 4.3M Revenue, FY2025: 1.4B Gross profit, FY2025: 374.2M Net income, FY2025: 38.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.15B $1.18B $1.17B $1.17B $1.02B $1.10B $1.27B $1.34B $1.31B $1.41B
Gross profit $265.3M $243.1M $135.8M $239.4M $237.6M $249.5M $264.1M $330.8M $327.9M $374.2M
Net income $55.2M $37.8M -$60.4M $22.3M $46.0M $15.8M -$100.0K $33.5M $4.3M $38.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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