ASTRONICS CORP ATRO
Astronics Corporation ("Astronics" or the "Company") is a leading provider of advanced technologies to the global aerospace, defense, and electronics industries. Our products and services include advanced, high-performance electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, systems certification, aircraft structures and automated test systems.
We have principal operations in the United States ("U.S."), Canada, France and Germany, as well as engineering offices in Ukraine and India. Our operation in Ukraine is a small engineering office and we have not experienced any significant disruption in staffing or services as a result of the continuing Ukrainian and Russian conflict.
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 | $862.1M | $795.4M | $689.2M | $534.9M | $444.9M | $502.6M | $772.7M | $803.3M | $624.5M | $633.1M |
| Cost of revenue | $604.0M | $575.0M | $514.7M | $463.4M | $379.5M | $405.7M | $616.6M | $622.6M | $487.4M | $473.7M |
| Gross profit | $258.2M | $220.4M | $174.5M | $71.5M | $65.4M | $96.8M | $156.1M | $180.7M | $137.1M | $159.5M |
| R&D | $43.5M | $52.1M | $53.7M | $48.3M | $43.3M | $40.2M | $108.9M | $114.3M | $95.0M | $88.9M |
| SG&A | $138.3M | $141.9M | $127.5M | $101.6M | $99.1M | $110.5M | $143.4M | $117.0M | $88.8M | $84.6M |
| Operating income | $76.4M | $26.5M | -$6.7M | -$30.0M | -$28.7M | -$100.7M | $1.7M | $63.7M | $32.1M | $74.9M |
| Interest expense | — | — | $23.3M | $9.4M | $6.8M | $6.7M | $6.1M | $9.7M | $5.4M | $4.4M |
| Pre-tax income | $31.9M | -$7.9M | -$26.3M | -$29.8M | -$27.0M | -$112.4M | $68.3M | $52.3M | $25.0M | $68.8M |
| Income tax | $2.6M | $8.3M | $110.0K | $6.0M | $1.4M | $3.4M | $16.3M | $5.5M | $5.3M | $20.4M |
| Net income | $29.4M | -$16.2M | -$26.4M | -$35.7M | -$25.6M | -$115.8M | $52.0M | $46.8M | $19.7M | $48.4M |
| EPS, basic | 0.83 | -0.46 | -0.80 | -1.11 | -0.82 | -3.76 | 1.62 | 1.45 | 0.60 | 1.44 |
| EPS, diluted | 0.81 | -0.46 | -0.80 | -1.11 | -0.82 | -3.76 | 1.60 | 1.41 | 0.58 | 1.40 |
| Shares, diluted (wtd. avg.) | $36.5M | $35.0M | $33.1M | $32.2M | $31.1M | $30.8M | $32.5M | $33.1M | $33.7M | $34.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.2M | $9.3M | $4.8M | $13.8M | $29.8M | $40.4M | $31.9M | $16.6M | $17.9M | $17.9M |
| Receivables | $204.7M | $191.4M | $172.1M | $147.8M | $107.4M | $93.1M | $148.0M | $182.3M | $132.6M | $109.4M |
| Inventory | $196.9M | $199.7M | $191.8M | $188.0M | $157.6M | $157.1M | $145.8M | $138.7M | $150.2M | $116.6M |
| Total current assets | $437.7M | $426.2M | $389.8M | $365.3M | $339.9M | $316.9M | $343.1M | $374.2M | $315.3M | $255.1M |
| Property, plant and equipment | $107.1M | $80.7M | $85.4M | $90.7M | $95.2M | $106.7M | $112.5M | $120.9M | $125.8M | $122.8M |
| Goodwill | $62.9M | $58.1M | $58.2M | $58.2M | $58.3M | $58.3M | $145.0M | $125.0M | $125.6M | $115.2M |
| Other intangibles | $55.4M | $52.5M | $65.4M | $79.3M | $94.3M | $109.9M | $127.3M | $133.4M | $153.5M | $98.1M |
| Total assets | $706.7M | $648.8M | $633.8M | $615.0M | $609.1M | $619.7M | $782.7M | $774.6M | $736.0M | $604.3M |
| Accounts payable | $41.1M | $43.0M | $61.1M | $64.2M | $34.9M | $26.4M | $35.8M | $50.7M | $41.8M | $25.1M |
| Short-term debt | — | $0 | $9.0M | $4.5M | $0 | $0 | $224.0K | $1.9M | $2.7M | $2.6M |
| Total current liabilities | $141.3M | $156.2M | $143.3M | $151.6M | $118.6M | $93.7M | $120.6M | $128.1M | $102.9M | $86.6M |
| Long-term debt | $334.5M | $168.7M | $159.2M | $159.5M | $163.0M | $173.0M | $188.0M | $232.1M | $269.1M | $145.5M |
| Total liabilities | $566.6M | $392.7M | $384.3M | $375.1M | $352.5M | $349.4M | $393.9M | $388.0M | $406.0M | $266.9M |
| Retained earnings | $216.7M | $192.2M | $209.8M | $240.4M | $287.2M | $312.8M | $428.6M | $376.6M | $325.2M | $305.5M |
| Total equity | $140.1M | $256.1M | $249.5M | $239.9M | $256.6M | $270.4M | $388.9M | $386.6M | $329.9M | $337.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74.8M | $30.6M | -$23.9M | -$28.3M | -$5.5M | $37.3M | $42.7M | $54.9M | $37.8M | $48.9M |
| Depreciation and amortisation | $21.8M | $24.5M | $26.1M | $27.8M | $29.0M | $31.9M | $33.0M | $35.0M | $27.1M | $25.8M |
| Stock-based compensation | $6.8M | $8.6M | $7.2M | $6.5M | $6.5M | $5.2M | $3.8M | $3.1M | $2.6M | $2.3M |
| Capital expenditure | $31.7M | $8.4M | $7.6M | $7.7M | $6.0M | $7.5M | $12.1M | $16.3M | $13.5M | $13.0M |
| Investing cash flow | -$53.7M | -$8.4M | -$4.1M | $14.4M | $3.2M | -$5.8M | $64.6M | -$19.7M | -$129.6M | -$14.6M |
| Financing cash flow | -$22.4M | -$14.5M | $25.4M | -$1.4M | -$7.5M | -$24.6M | -$92.2M | -$36.1M | $91.4M | -$34.8M |
| Buybacks | — | — | — | $0 | $0 | $7.7M | $50.8M | $0 | $32.4M | $17.6M |
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 0001140361-26-015301.
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