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ATROAstronics Corporation
$71.79$2.8B
Overview & Verdict
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ATRO logoAstronics Corporation(ATRO)Earnings, Financials & Key Ratios

ATRO•NASDAQ
$71.79
88.6× P/E·Price updated Jul 6, 2026
SectorIndustrialsIndustryAerospace & DefenseSub-IndustryAerospace Components and Structures
AboutAstronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and communications and mass transit industries; and provides wireless communication testing for the civil land mobile radio market, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company was incorporated in 1968 and is headquartered in East Aurora, New York.Show more
  • Revenue$862M+8.4%
  • EBITDA$98M+92.9%
  • Net Income$29M+281.1%
  • EPS (Diluted)0.81+276.1%
  • Gross Margin29.94%+41.5%
  • EBITDA Margin11.4%+78.0%
  • Operating Margin8.86%+166.4%
  • Net Margin3.41%+267.1%
  • ROE14.82%+331.1%

ATRO Price & Volume

Astronics Corporation (ATRO) stock price & volume — 10-year historical chart

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Cyclical Revenue Recovery Faces Significant Leverage Headwinds

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Elevated debt-to-equity ratio

Key Thesis Takeaways

  • Astronics is currently navigating a period of robust top-line expansion, evidenced by 12.0% year-over-year revenue growth in 2026Q1, driven by sustained demand in aerospace cabin retrofits and OEM production.
  • However, this growth is tempered by substantial balance sheet strain, as the debt-to-equity ratio has surged to 2.34, and inconsistent cash conversion cycles that complicate long-term capital allocation.
  • Investors should monitor whether the company can successfully translate its improved 11.8% operating margin into sustained free cash flow to deleverage its $379.1 million debt burden.

Verdict Logic

while the company is demonstrating clear operational recovery with 12.0% revenue growth, the elevated debt-to-equity ratio of 2.34 and inconsistent cash conversion suggest significant execution risk remains.

ATRO Growth Metrics

Astronics Corporation (ATRO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.22%
5 Years11.4%
3 Years17.25%
TTM8.64%

Profit CAGR

10 Years-7.92%
5 Years-
3 Years-
TTM1392.99%

EPS CAGR

10 Years-8.32%
5 Years-
3 Years-
TTM1083.33%

Return on Capital

10 Years1.93%
5 Years1.29%
3 Years6.12%
Last Year14.44%

ATRO Recent Earnings

Astronics Corporation (ATRO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$0.49+6.5%
$0.46
Rev
$231M+2.3%
$226M
Q1 2026
Feb 24, 2026
Metric
Actual
Est
EPS
$0.63+21.2%
$0.52
Rev
$240M+1.2%
$237M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.41+17.1%
$0.35
Rev
$211M-0.5%
$213M
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.04-85.7%
$0.28
Rev
$205M-1.7%
$208M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$0.49vs $0.46+6.5%
$231Mvs $226M+2.3%
Q1 2026Feb 24, 2026
$0.63vs $0.52+21.2%
$240Mvs $237M+1.2%
Q4 2025Nov 4, 2025
$0.41vs $0.35+17.1%
$211Mvs $213M-0.5%
Q3 2025Aug 6, 2025
$0.04vs $0.28-85.7%
$205Mvs $208M-1.7%
Based on last 12 quarters of dataView full earnings history →

Latest ATRO News

Recent stock market news and headlines for Astronics Corporation (ATRO)

Business Wire·Jun 29, 2026
Vertical Aerospace Selects Astronics as Low-Voltage Power Distribution Supplier for Valo

LONDON & EAST AURORA, N.Y.--(BUSINESS WIRE)--Vertical Aerospace ("Vertical" or the "Company") (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, today announced a long-term agreement with Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace, defense and other mission critical industries, to supply the low-voltage ("LV") power distribution system for Vertical's Valo electric vertical take-off and lan.

Seeking Alpha·Jun 28, 2026
Beyond The SpaceX IPO: 3 Top Aerospace And Infrastructure Stocks

This article examines whether the recent post-SpaceX IPO volatility has created more attractive investment opportunities beyond the market's most talked-about stock as investors reassess valuation, lockup, and execution risks. I highlight three overlooked companies benefiting from long-term aerospace, defense, and communications trends, emphasizing their strong growth potential relative to peers. The article explores different layers of the aerospace ecosystem, including advanced materials, electronics, and communications infrastructure, to show how investors can benefit without relying on a single high-profile company.

Seeking Alpha·Jun 15, 2026
Astronics: On The Cusp Of A Production And Upgradation Upcycle

Astronics benefits from record backlog, rising bookings, and a broad aircraft production and retrofit upcycle across Boeing, Airbus, and global airlines. Growth in in-flight entertainment and connectivity and premium seat motion systems is accelerating, supported by shorter technology cycles and Astronics' strong market position with airlines and OEM partners. Higher production volumes should drive operating leverage, supporting a path toward high-teens adjusted EBIT margins as the mix improves toward higher-margin Aerospace systems.

Peers Comparison

Key metrics vs top competitors for Astronics Corporation (ATRO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ATRO logoATROAstronics CorporationCurrent
$71.79$2.76B88.638.39%3.41%14.82%—
KTOS logoKTOSKratos Defense & Security Solutions, Inc.
$53.54$10.04B411.8518.52%2.08%1.26%—
CW logoCWCurtiss-Wright Corporation
$792.77$29.26B61.6012.08%14.17%19.64%—
DRS logoDRSLeonardo DRS, Inc.
$45.37$12.1B44.0512.8%7.85%10.79%—
TDG logoTDGTransDigm Group Incorporated
$1309.18$73.23B40.8111.22%21.29%——
HEI logoHEIHEICO Corporation
$365.31$50.89B74.5516.26%16.08%16.23%—

Compare ATRO vs Peers

Astronics Corporation (ATRO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KTOS

Most directly comparable listed peer for ATRO.

Scale Benchmark

vs RTX

Larger-name benchmark to compare ATRO against a more recognizable public peer.

Peer Set

Compare Top 5

vs KTOS, CW, DRS, TDG

ATRO SEC Filings & Documents

Astronics Corporation (ATRO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 12, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 5, 2025·SEC

FY 2024

Mar 5, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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ATRO Frequently Asked Questions

Astronics Corporation (ATRO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Astronics Corporation's revenue?

Astronics Corporation (ATRO) reported $886.8M in revenue for fiscal year 2025. This represents a 2209% increase from $38.4M in 1996.

How fast is Astronics Corporation growing?

Astronics Corporation (ATRO) grew revenue by 8.4% over the past year. This is steady growth.

Is ATRO profitable?

Yes, Astronics Corporation (ATRO) is profitable, generating $45.4M in net income for fiscal year 2025 (3.4% net margin).

Dividend & Returns
What is ATRO's return on equity?

Astronics Corporation (ATRO) has a return on equity (ROE) of 14.8%. This is reasonable for most industries.

What is Astronics Corporation's free cash flow?

Astronics Corporation (ATRO) generated $24.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ATRO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →