ASTEC INDUSTRIES INC ASTE
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.70 | 0.19 | 1.47 | 0.00 | 0.70 | 2.04 | 0.99 | -2.64 | 1.64 | 2.40 |
| EPS, diluted | 1.68 | 0.19 | 1.47 | 0.00 | 0.69 | 2.01 | 0.98 | -2.64 | 1.63 | 2.38 |
| Shares, diluted (wtd. avg.) | $23.1M | $22.9M | $22.8M | $22.8M | $22.9M | $22.9M | $22.7M | $22.9M | $23.2M | $23.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3531
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CAT | CATERPILLAR INC | $374.15B | 43.3x | 4.3% |
| CNH | CNH Industrial N.V. | $17.82B | 35.1x | -10.0% |
| AEBI | Aebi Schmidt Holding AG | $1.00B | 76.2x | 40.6% |
| PLOW | DOUGLAS DYNAMICS, INC | $976.2M | 21.6x | 15.4% |
| MTW | MANITOWOC CO INC | $772.1M | 107.0x | 2.9% |
| CMCO | COLUMBUS MCKINNON CORP | $543.8M | — | 23.9% |
| GENC | GENCOR INDUSTRIES INC | $270.0M | 17.2x | 2.0% |