ASTRONICS CORP ATRO

Consumer discretionary SIC 3728 - Aircraft Parts & Auxiliary Equipment, NEC NAICS Manufacturing › Transportation Equipment Manufacturing › Aerospace Product and Parts Manufacturing › Other Aircraft Parts and Auxiliary Equipment Manufacturing derived Nasdaq

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.

Last close 57.89 2026-10-23
Market cap $2.49B estimated share count
52-week range 34.58 - 94.46

Valuation FY2025 figures against the last close

P/S2.9x
P/E71.5x
P/FCF57.7x
EV/EBITDA28.6x
Dividend yield—
Diluted EPS0.81

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

Revenue by geography

  • United States
  • Europe
  • Asia
  • North America (excluding United States)
  • Other
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 615.1M (71.3%) 71% United States Europe, FY2025: 153.4M (17.8%) 18% Europe Asia, FY2025: 73.3M (8.5%) 8% Asia North America (excluding United States), FY2025: 14.6M (1.7%) Other, FY2025: 5.7M (0.7%) FY2024 United States, FY2024: 593.9M (74.7%) 75% Europe, FY2024: 139.4M (17.5%) 18% Asia, FY2024: 44.2M (5.6%) 6% North America (excluding United States), FY2024: 13.1M (1.6%) Other, FY2024: 4.8M (0.6%) FY2023 United States, FY2023: 518.1M (75.2%) 75% Europe, FY2023: 123.7M (17.9%) 18% Asia, FY2023: 26.2M (3.8%) 4% North America (excluding United States), FY2023: 14.9M (2.2%) Other, FY2023: 6.4M (0.9%)
Region FY2025FY2024FY2023
United States $615.1M $593.9M $518.1M
Europe $153.4M $139.4M $123.7M
Asia $73.3M $44.2M $26.2M
North America (excluding United States) $14.6M $13.1M $14.9M
Other $5.7M $4.8M $6.4M

As the company reported it, from the “SEGMENTS - Schedule of the Company's Sales and Long-Lived Assets by Geographic Regions (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Aerospace
  • Test Systems
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Aerospace, FY2025: 797.3M (92.5%) 92% Aerospace Test Systems, FY2025: 64.8M (7.5%) 8% FY2024 Aerospace, FY2024: 706.7M (88.8%) 89% Test Systems, FY2024: 88.7M (11.2%) 11% FY2023 Aerospace, FY2023: 604.8M (87.8%) 88% Test Systems, FY2023: 84.4M (12.2%) 12%
Segment FY2025FY2024FY2023
Aerospace $797.3M $706.7M $604.8M
Test Systems $64.8M $88.7M $84.4M

As the company reported it, from the “SEGMENTS - Schedule of Segment Reporting 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 $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 0.83-0.46-0.80-1.11-0.82-3.761.621.450.601.44
EPS, diluted 0.81-0.46-0.80-1.11-0.82-3.761.601.410.581.40
Shares, diluted (wtd. avg.) 36.5M35.0M33.1M32.2M31.1M30.8M32.5M33.1M33.7M34.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

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. -250M 0 250M 500M 750M 1B Revenue, FY2016: 633.1M Gross profit, FY2016: 159.5M Net income, FY2016: 48.4M Revenue, FY2017: 624.5M Gross profit, FY2017: 137.1M Net income, FY2017: 19.7M Revenue, FY2018: 803.3M Gross profit, FY2018: 180.7M Net income, FY2018: 46.8M Revenue, FY2019: 772.7M Gross profit, FY2019: 156.1M Net income, FY2019: 52M Revenue, FY2020: 502.6M Gross profit, FY2020: 96.8M Net income, FY2020: -115.8M Revenue, FY2021: 444.9M Gross profit, FY2021: 65.4M Net income, FY2021: -25.6M Revenue, FY2022: 534.9M Gross profit, FY2022: 71.5M Net income, FY2022: -35.7M Revenue, FY2023: 689.2M Gross profit, FY2023: 174.5M Net income, FY2023: -26.4M Revenue, FY2024: 795.4M Gross profit, FY2024: 220.4M Net income, FY2024: -16.2M Revenue, FY2025: 862.1M Gross profit, FY2025: 258.2M Net income, FY2025: 29.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $633.1M $624.5M $803.3M $772.7M $502.6M $444.9M $534.9M $689.2M $795.4M $862.1M
Gross profit $159.5M $137.1M $180.7M $156.1M $96.8M $65.4M $71.5M $174.5M $220.4M $258.2M
Net income $48.4M $19.7M $46.8M $52.0M -$115.8M -$25.6M -$35.7M -$26.4M -$16.2M $29.4M

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
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • 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
  • Regulation FD disclosure Item 7.01
  • 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

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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