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ASTRONICS CORP (ATRO) Stock Fundamental Analysis

USA - NASDAQ:ATRO - US0464331083 - Common Stock

48.895 USD
+2.67 (+5.76%)
Last: 10/20/2025, 2:49:06 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ATRO. ATRO was compared to 70 industry peers in the Aerospace & Defense industry. The financial health of ATRO is average, but there are quite some concerns on its profitability. ATRO is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

ATRO had negative earnings in the past year.
ATRO had a positive operating cash flow in the past year.
In the past 5 years ATRO always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: ATRO reported negative operating cash flow in multiple years.
ATRO Yearly Net Income VS EBIT VS OCF VS FCFATRO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of -0.58%, ATRO is doing worse than 60.00% of the companies in the same industry.
With a Return On Equity value of -1.37%, ATRO is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 6.42%, ATRO is in line with its industry, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
ROA -0.58%
ROE -1.37%
ROIC 6.42%
ROA(3y)-4.16%
ROA(5y)-7.07%
ROE(3y)-10.6%
ROE(5y)-16.92%
ROIC(3y)N/A
ROIC(5y)N/A
ATRO Yearly ROA, ROE, ROICATRO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

With a Operating Margin value of 5.02%, ATRO perfoms like the industry average, outperforming 47.14% of the companies in the same industry.
In the last couple of years the Operating Margin of ATRO has declined.
ATRO's Gross Margin of 25.80% is in line compared to the rest of the industry. ATRO outperforms 54.29% of its industry peers.
In the last couple of years the Gross Margin of ATRO has remained more or less at the same level.
Industry RankSector Rank
OM 5.02%
PM (TTM) N/A
GM 25.8%
OM growth 3YN/A
OM growth 5Y-12.53%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.26%
GM growth 5Y-0.95%
ATRO Yearly Profit, Operating, Gross MarginsATRO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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4

2. Health

2.1 Basic Checks

ATRO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ATRO has more shares outstanding
Compared to 5 years ago, ATRO has more shares outstanding
ATRO has a better debt/assets ratio than last year.
ATRO Yearly Shares OutstandingATRO Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
ATRO Yearly Total Debt VS Total AssetsATRO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

ATRO has a debt to FCF ratio of 4.42. This is a neutral value as ATRO would need 4.42 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.42, ATRO is doing good in the industry, outperforming 77.14% of the companies in the same industry.
ATRO has a Debt/Equity ratio of 0.59. This is a neutral value indicating ATRO is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.59, ATRO perfoms like the industry average, outperforming 45.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 4.42
Altman-Z N/A
ROIC/WACC0.66
WACC9.79%
ATRO Yearly LT Debt VS Equity VS FCFATRO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 3.04 indicates that ATRO has no problem at all paying its short term obligations.
The Current ratio of ATRO (3.04) is better than 64.29% of its industry peers.
A Quick Ratio of 1.63 indicates that ATRO should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.63, ATRO is doing good in the industry, outperforming 61.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.04
Quick Ratio 1.63
ATRO Yearly Current Assets VS Current LiabilitesATRO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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3

3. Growth

3.1 Past

ATRO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -500.00%.
Looking at the last year, ATRO shows a quite strong growth in Revenue. The Revenue has grown by 10.99% in the last year.
ATRO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.58% yearly.
EPS 1Y (TTM)-500%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)10.99%
Revenue growth 3Y21.37%
Revenue growth 5Y0.58%
Sales Q2Q%3.31%

3.2 Future

Based on estimates for the next years, ATRO will show a very strong growth in Earnings Per Share. The EPS will grow by 67.14% on average per year.
ATRO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.37% yearly.
EPS Next Y452.66%
EPS Next 2Y151.37%
EPS Next 3Y67.14%
EPS Next 5YN/A
Revenue Next Year8.53%
Revenue Next 2Y7.7%
Revenue Next 3Y5.52%
Revenue Next 5Y0.37%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ATRO Yearly Revenue VS EstimatesATRO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
ATRO Yearly EPS VS EstimatesATRO Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2 -2 -3

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4

4. Valuation

4.1 Price/Earnings Ratio

ATRO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 24.09 indicates a rather expensive valuation of ATRO.
Based on the Price/Forward Earnings ratio, ATRO is valued a bit cheaper than 75.71% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, ATRO is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 24.09
ATRO Price Earnings VS Forward Price EarningsATRO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300 -400

4.2 Price Multiples

ATRO's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, ATRO is valued a bit cheaper than 68.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 48.02
EV/EBITDA 27.75
ATRO Per share dataATRO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ATRO's earnings are expected to grow with 67.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y151.37%
EPS Next 3Y67.14%

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0

5. Dividend

5.1 Amount

ATRO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ASTRONICS CORP

NASDAQ:ATRO (10/20/2025, 2:49:06 PM)

48.895

+2.67 (+5.76%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners97.28%
Inst Owner Change0.22%
Ins Owners1.48%
Ins Owner Change1.05%
Market Cap1.73B
Analysts80
Price Target43.1 (-11.85%)
Short Float %10.1%
Short Ratio3.89
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.92%
Min EPS beat(2)-90.88%
Max EPS beat(2)-8.96%
EPS beat(4)0
Avg EPS beat(4)-189.45%
Min EPS beat(4)-516.67%
Max EPS beat(4)-8.96%
EPS beat(8)0
Avg EPS beat(8)-285.44%
EPS beat(12)1
Avg EPS beat(12)-271.29%
EPS beat(16)1
Avg EPS beat(16)-581.65%
Revenue beat(2)1
Avg Revenue beat(2)0.6%
Min Revenue beat(2)-3.66%
Max Revenue beat(2)4.87%
Revenue beat(4)3
Avg Revenue beat(4)1.66%
Min Revenue beat(4)-3.66%
Max Revenue beat(4)4.9%
Revenue beat(8)6
Avg Revenue beat(8)0.91%
Revenue beat(12)8
Avg Revenue beat(12)0.43%
Revenue beat(16)8
Avg Revenue beat(16)-0.21%
PT rev (1m)9.5%
PT rev (3m)9.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)22.73%
EPS NY rev (1m)0%
EPS NY rev (3m)91.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 24.09
P/S 2.1
P/FCF 48.02
P/OCF 36.22
P/B 6.38
P/tB 10.38
EV/EBITDA 27.75
EPS(TTM)-0.12
EYN/A
EPS(NY)2.03
Fwd EY4.15%
FCF(TTM)1.02
FCFY2.08%
OCF(TTM)1.35
OCFY2.76%
SpS23.24
BVpS7.67
TBVpS4.71
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.58%
ROE -1.37%
ROCE 8.13%
ROIC 6.42%
ROICexc 6.59%
ROICexgc 8.36%
OM 5.02%
PM (TTM) N/A
GM 25.8%
FCFM 4.38%
ROA(3y)-4.16%
ROA(5y)-7.07%
ROE(3y)-10.6%
ROE(5y)-16.92%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-12.73%
ROICexc growth 3YN/A
ROICexc growth 5Y-7.22%
OM growth 3YN/A
OM growth 5Y-12.53%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.26%
GM growth 5Y-0.95%
F-Score7
Asset Turnover1.27
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 4.42
Debt/EBITDA 2.48
Cap/Depr 51.28%
Cap/Sales 1.43%
Interest Coverage 250
Cash Conversion 74.4%
Profit Quality N/A
Current Ratio 3.04
Quick Ratio 1.63
Altman-Z N/A
F-Score7
WACC9.79%
ROIC/WACC0.66
Cap/Depr(3y)30.46%
Cap/Depr(5y)27.12%
Cap/Sales(3y)1.2%
Cap/Sales(5y)1.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-500%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y452.66%
EPS Next 2Y151.37%
EPS Next 3Y67.14%
EPS Next 5YN/A
Revenue 1Y (TTM)10.99%
Revenue growth 3Y21.37%
Revenue growth 5Y0.58%
Sales Q2Q%3.31%
Revenue Next Year8.53%
Revenue Next 2Y7.7%
Revenue Next 3Y5.52%
Revenue Next 5Y0.37%
EBIT growth 1Y1555.12%
EBIT growth 3YN/A
EBIT growth 5Y-12.02%
EBIT Next Year322.12%
EBIT Next 3Y58.58%
EBIT Next 5YN/A
FCF growth 1Y174.91%
FCF growth 3YN/A
FCF growth 5Y-6.28%
OCF growth 1Y222.15%
OCF growth 3YN/A
OCF growth 5Y-6.46%