ATRONasdaqAircraft Parts & Auxiliary Equipment, NECFiscal year ends December 31Also trades as ATROB
ASTRONICS CORP
Financials through Q2 FY2026, quarter ended Jul 4, 2026Last filing: 10-Q on Aug 12, 2026
$62.33+0.80 (+1.30%)
Close on Oct 19, 2026
- Market cap
- $2.90B
- P/E (TTM)
- 33.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
29.9%+10.7 pts over 5 years
Operating margin
8.9%+28.9 pts over 5 years
Net margin
3.4%+26.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.4% | +17.2% | +11.4% | +2.2% | |
| Gross profit | +17.1% | +53.4% | +21.7% | +3.2% | |
| Operating income | +188.7% | – | – | -2.5% | |
| Net income | – | – | – | -7.9% | |
| EPS, diluted | – | – | – | -9.6% | |
| Free cash flow | +94.8% | – | +7.6% | -3.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 15.2% | -35.1% | 14.8% | |
| Return on assets | 8.0% | -16.5% | 4.3% | |
| Current ratio | 2.95 | 3.38 | 3.10 | |
| Debt to equity | 0.44 | 0.64 | 2.39 | |
| Net debt to EBITDA | 1.29× | -1.93× | 3.22× | |
| Inventory turnover | 4.1× | 2.7× | 3.0× | |
| Capex to revenue | 2.1% | 1.5% | 3.7% | |
| Diluted shares | 35M | 31M | 36M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Astronics generated $163.15M from operations and spent $61.45M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$163.15M
Used
$61.45M
Capital expenditure$61.45M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.4%
×Asset turnover1.27×
×Equity multiplier3.42×
=Return on equity, FY202514.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.4% | 1.27× | 3.42× | 14.8% |
| FY2024 | -2.0% | 1.24× | 2.54× | -6.4% |
| FY2023 | -3.8% | 1.10× | 2.55× | -10.8% |
| FY2022 | -6.7% | 0.87× | 2.47× | -14.4% |
| FY2021 | -5.7% | 0.72× | 2.33× | -9.7% |
| FY2020 | -23.0% | 0.72× | 2.13× | -35.1% |
| FY2019 | 6.7% | 0.99× | 2.01× | 13.4% |
| FY2018 | 5.8% | 1.06× | 2.11× | 13.1% |
| FY2017 | 3.2% | 0.93× | 2.01× | 5.9% |
| FY2016 | 7.6% | 1.04× | 1.90× | 15.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$29.36M
- Cash generatingOperating cash flow above zero$74.80M
- Return on assets improvedROA up on the prior year-2.6% → 4.5%
- Earnings backed by cashOperating cash flow above net income$74.80M vs $29.36M
- Less leverageLong-term debt to assets fell26.0% → 47.3%
- Better liquidityCurrent ratio rose2.73 → 3.10
- No dilutionShare count did not rise35M → 36M
- Gross margin improvedGross margin up on the prior year27.71% → 29.94%
- More efficientAsset turnover rose1.26 → 1.33