Astronics Financials
This page shows Astronics (ATRO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Astronics generated $795.4M in revenue in fiscal year 2024. This represents an increase of 15.4% from the prior year.
Astronics's EBITDA was $50.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 162.1% from the prior year.
Astronics generated $22.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 170.1% from the prior year.
Astronics reported -$16.2M in net income in fiscal year 2024. This represents an increase of 38.6% from the prior year.
Astronics earned $-0.46 per diluted share (EPS) in fiscal year 2024. This represents an increase of 42.5% from the prior year.
Astronics held $9.3M in cash against $168.7M in long-term debt as of fiscal year 2024.
Astronics's gross margin was 21.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.
Astronics's operating margin was 3.3% in fiscal year 2024, reflecting core business profitability. This is up 4.3 percentage points from the prior year.
Astronics's net profit margin was -2.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.8 percentage points from the prior year.
Astronics invested $52.1M in research and development in fiscal year 2024. This represents a decrease of 2.6% from the prior year.
Astronics invested $8.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 10.3% from the prior year.
ATRO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $211.4M+3.3% | $204.7M-0.6% | $205.9M-1.2% | $208.5M+2.4% | $203.7M+2.8% | $198.1M+7.0% | $185.1M-5.2% | $195.3M |
| Cost of Revenue | $146.9M-3.2% | $151.9M+4.7% | $145.1M-26.9% | $198.5M+33.7% | $148.5M+4.2% | $142.5M+3.6% | $137.6M-11.4% | $155.3M |
| Gross Profit | $64.5M+22.1% | $52.8M-13.2% | $60.8M+21.6% | $50.1M-9.4% | $55.2M-0.6% | $55.6M+17.0% | $47.5M+18.9% | $40.0M |
| R&D Expenses | $10.2M-11.8% | $11.6M+4.6% | $11.1M-8.4% | $12.1M-3.2% | $12.5M-12.2% | $14.2M+6.7% | $13.3M-4.8% | $14.0M |
| SG&A Expenses | $31.2M-14.4% | $36.5M-0.4% | $36.6M-11.0% | $41.2M+19.8% | $34.4M+1.7% | $33.8M+3.9% | $32.5M+1.0% | $32.2M |
| Operating Income | $23.1M+384.6% | $4.8M-63.8% | $13.1M+48.0% | $8.9M+6.0% | $8.4M+10.9% | $7.5M+353.2% | $1.7M-78.6% | $7.8M |
| Interest Expense | N/A | N/A | N/A | N/A | -$6.2M-6.2% | -$5.9M-1.7% | -$5.8M+3.2% | -$5.9M |
| Income Tax | -$1.2M-328.3% | $537K-16.9% | $646K-81.0% | $3.4M-48.1% | $6.6M+2496.0% | -$274K+79.7% | -$1.4M+75.2% | -$5.4M |
| Net Income | -$11.1M-944.6% | $1.3M-86.2% | $9.5M+436.4% | -$2.8M+75.9% | -$11.7M-865.7% | $1.5M+148.2% | -$3.2M-145.6% | $7.0M |
| EPS (Diluted) | $-0.31-875.0% | $0.04-84.6% | $0.26+425.0% | $-0.08+76.5% | $-0.34-950.0% | $0.04+144.4% | $-0.09-145.0% | $0.20 |
ATRO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $682.2M+5.5% | $646.7M-2.3% | $662.2M+2.1% | $648.8M-0.4% | $651.6M+1.0% | $644.9M+2.4% | $630.0M-0.6% | $633.8M |
| Current Assets | $432.6M+3.3% | $418.7M-3.2% | $432.5M+1.5% | $426.2M+0.5% | $424.2M+2.9% | $412.4M+5.2% | $391.9M+0.5% | $389.8M |
| Cash & Equivalents | $13.5M+0.1% | $13.5M-45.7% | $24.8M+167.2% | $9.3M+79.4% | $5.2M+81.2% | $2.9M-46.2% | $5.3M+11.6% | $4.8M |
| Inventory | $197.3M+1.5% | $194.3M-1.8% | $197.9M-0.9% | $199.7M-2.5% | $205.0M+2.1% | $200.7M+0.6% | $199.5M+4.0% | $191.8M |
| Accounts Receivable | $188.6M+0.7% | $187.3M-3.5% | $194.0M+1.4% | $191.4M-1.1% | $193.5M+3.9% | $186.3M+9.4% | $170.2M-1.1% | $172.1M |
| Goodwill | $59.8M+2.8% | $58.1M+0.1% | $58.1M0.0% | $58.1M-0.2% | $58.2M0.0% | $58.1M0.0% | $58.2M-0.1% | $58.2M |
| Total Liabilities | $573.3M+52.8% | $375.1M-5.2% | $395.5M+0.7% | $392.7M-2.4% | $402.4M+4.0% | $387.0M+2.3% | $378.2M-1.6% | $384.3M |
| Current Liabilities | $151.0M+9.5% | $137.9M-12.6% | $157.8M+1.1% | $156.2M+4.1% | $150.0M+6.3% | $141.1M-6.7% | $151.3M+5.5% | $143.3M |
| Long-Term Debt | $334.0M+109.7% | $159.3M-0.5% | $160.1M-5.1% | $168.7M-5.5% | $178.4M+3.4% | $172.6M+12.7% | $153.1M-3.8% | $159.2M |
| Total Equity | $108.9M-59.9% | $271.6M+1.8% | $266.8M+4.2% | $256.1M+2.8% | $249.2M-3.4% | $257.9M+2.4% | $251.7M+0.9% | $249.5M |
| Retained Earnings | N/A | N/A | N/A | $192.2M | N/A | N/A | N/A | $209.8M |
ATRO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | $20.6M | N/A | N/A | N/A | $2.0M | N/A |
| Capital Expenditures | N/A | N/A | $2.1M | N/A | N/A | N/A | $1.6M | N/A |
| Free Cash Flow | N/A | N/A | $18.5M | N/A | N/A | N/A | $439K | N/A |
| Investing Cash Flow | N/A | N/A | -$2.1M | N/A | N/A | N/A | -$1.6M | N/A |
| Financing Cash Flow | N/A | N/A | -$11.4M | N/A | N/A | N/A | -$5.0M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ATRO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.5%+4.7pp | 25.8%-3.7pp | 29.5%+5.5pp | 24.0%-3.1pp | 27.1%-0.9pp | 28.1%+2.4pp | 25.7%+5.2pp | 20.5% |
| Operating Margin | 10.9%+8.6pp | 2.3%-4.1pp | 6.4%+2.1pp | 4.3%+0.2pp | 4.1%+0.3pp | 3.8%+2.9pp | 0.9%-3.1pp | 4.0% |
| Net Margin | -5.3%-5.9pp | 0.6%-4.0pp | 4.6%+6.0pp | -1.4%+4.4pp | -5.8%-6.5pp | 0.8%+2.5pp | -1.7%-5.3pp | 3.6% |
| Return on Equity | N/A | 0.5%-3.1pp | 3.6% | N/A | N/A | 0.6% | N/A | 2.8% |
| Return on Assets | -1.6%-1.8pp | 0.2%-1.2pp | 1.4%+1.9pp | -0.4%+1.4pp | -1.8%-2.0pp | 0.2%+0.7pp | -0.5%-1.6pp | 1.1% |
| Current Ratio | 2.87-0.2 | 3.04+0.3 | 2.74+0.0 | 2.73-0.1 | 2.83-0.1 | 2.92+0.3 | 2.59-0.1 | 2.72 |
| Debt-to-Equity | 3.07+2.5 | 0.59-0.0 | 0.60-0.1 | 0.66-0.1 | 0.72+0.0 | 0.67+0.1 | 0.61-0.0 | 0.64 |
| FCF Margin | N/A | N/A | 9.0% | N/A | N/A | N/A | 0.2% | N/A |
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks.
Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.
Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.
Operating cash flow vs net income. Above 1.0x = cash-backed earnings.
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Frequently Asked Questions
What is Astronics's annual revenue?
Astronics (ATRO) reported $795.4M in total revenue for fiscal year 2024. This represents a 15.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Astronics's revenue growing?
Astronics (ATRO) revenue grew by 15.4% year-over-year, from $689.2M to $795.4M in fiscal year 2024.
Is Astronics profitable?
No, Astronics (ATRO) reported a net income of -$16.2M in fiscal year 2024, with a net profit margin of -2.0%.
What is Astronics's earnings per share (EPS)?
Astronics (ATRO) reported diluted earnings per share of $-0.46 for fiscal year 2024. This represents a 42.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Astronics's EBITDA?
Astronics (ATRO) had EBITDA of $50.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Astronics have?
As of fiscal year 2024, Astronics (ATRO) had $9.3M in cash and equivalents against $168.7M in long-term debt.
What is Astronics's gross margin?
Astronics (ATRO) had a gross margin of 21.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Astronics's operating margin?
Astronics (ATRO) had an operating margin of 3.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Astronics's net profit margin?
Astronics (ATRO) had a net profit margin of -2.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Astronics's free cash flow?
Astronics (ATRO) generated $22.1M in free cash flow during fiscal year 2024. This represents a 170.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Astronics's operating cash flow?
Astronics (ATRO) generated $30.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Astronics's total assets?
Astronics (ATRO) had $648.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Astronics's capital expenditures?
Astronics (ATRO) invested $8.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Astronics spend on research and development?
Astronics (ATRO) invested $52.1M in research and development during fiscal year 2024.
What is Astronics's current ratio?
Astronics (ATRO) had a current ratio of 2.73 as of fiscal year 2024, which is generally considered healthy.
What is Astronics's debt-to-equity ratio?
Astronics (ATRO) had a debt-to-equity ratio of 0.66 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Astronics's return on assets (ROA)?
Astronics (ATRO) had a return on assets of -2.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Astronics's Altman Z-Score?
Astronics (ATRO) has an Altman Z-Score of 6.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.
What is Astronics's Piotroski F-Score?
Astronics (ATRO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.
Are Astronics's earnings high quality?
Astronics (ATRO) has an earnings quality ratio of -1.89x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.
How financially healthy is Astronics?
Astronics (ATRO) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.