What is Astronics's earnings per share (EPS)?

Astronics (ATROB) reported diluted earnings per share of $0.81 for fiscal year 2026. This represents a 201.3% 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.

Astronics Financials

ATROB

Source SEC Filings (10-K/10-Q) Data as of Apr 4, 2026 Currency USD FYE December

This page shows Astronics (ATROB) 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).

Rhea AI ATROB FY2025 2026-04-22

Margin recovery and better cash conversion turned Astronics profitable, while higher leverage shows the turnaround leaned on debt.

Between FY2023 and FY2025, operating margin moved from -1.0% to 8.9% and operating cash flow swung from -$24.0M to $74.8M, so the recovery was not just an accounting improvement; the business also stopped absorbing cash as it scaled. Yet debt-to-equity rose to 2.4x as equity fell to $140.1M, meaning the operating rebound arrived with a much thinner capital cushion.

The balance sheet now shows comfortable liquidity and heavier leverage at the same time: current assets of $437.7M are well above current liabilities of $141.3M, and the current ratio reached 3.1x. But long-term debt climbed to $334.5M from $168.7M in FY2024, so short-term flexibility improved even as long-term financing became more debt-heavy.

This remains a working-capital-heavy business: receivables plus inventory totaled about $401.5M in FY2025, almost half of revenue, which means growth ties up cash before collection. That makes free cash flow of $43.1M more meaningful, but capital spending rising to $31.7M also shows expansion still demands real reinvestment rather than falling straight to cash.

Financial Health Signals

Financial health score pending refresh

We are recalculating Astronics's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe

6.27

Astronics scores 6.27, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.5B) relative to total liabilities ($566.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

7/8

Astronics passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.55x

For every $1 of reported earnings, Astronics generates $2.55 in operating cash flow ($74.8M OCF vs $29.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$862.1M

YoY+25.1%

5Y CAGR+2.2%

10Y CAGR+2.7%

Astronics generated $862.1M in revenue in fiscal year 2026. This represents an increase of 25.1% from the prior year.

EBITDA

$98.3M

YoY+405.6%

5Y CAGR+23.1%

10Y CAGR-1.5%

Astronics's EBITDA was $98.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 405.6% from the prior year.

Net Income

$29.4M

YoY+211.1%

5Y CAGR-10.8%

10Y CAGR-6.3%

Astronics reported $29.4M in net income in fiscal year 2026. This represents an increase of 211.1% from the prior year.

EPS (Diluted)

$0.81

YoY+201.3%

5Y CAGR-12.7%

10Y CAGR-8.0%

Astronics earned $0.81 per diluted share (EPS) in fiscal year 2026. This represents an increase of 201.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$43.1M

YoY+236.5%

5Y CAGR+7.1%

10Y CAGR-3.1%

Astronics generated $43.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 236.5% from the prior year.

Cash & Debt

$18.2M

YoY+282.3%

5Y CAGR-10.6%

10Y CAGR-1.5%

Astronics held $18.2M in cash against $334.5M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

29.9%

YoY+4.6pp

5Y CAGR+9.7pp

10Y CAGR+4.7pp

Astronics's gross margin was 29.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 4.6 percentage points from the prior year.

Operating Margin

8.9%

YoY+9.8pp

5Y CAGR+8.6pp

10Y CAGR-4.4pp

Astronics's operating margin was 8.9% in fiscal year 2026, reflecting core business profitability. This is up 9.8 percentage points from the prior year.

Net Margin

3.4%

YoY+7.2pp

5Y CAGR-3.3pp

10Y CAGR-5.1pp

Astronics's net profit margin was 3.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 7.2 percentage points from the prior year.

Return on Equity

21.0%

YoY+31.6pp

5Y CAGR+7.6pp

10Y CAGR-3.7pp

Astronics's ROE was 21.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 31.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$43.5M

YoY-19.1%

5Y CAGR-16.8%

10Y CAGR-5.5%

Astronics invested $43.5M in research and development in fiscal year 2026. This represents a decrease of 19.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$31.7M

YoY+314.4%

5Y CAGR+21.3%

10Y CAGR-2.5%

Astronics invested $31.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 314.4% from the prior year.

ATROB Income Statement

Metric	FY26	FY23	FY22	FY21	FY20	FY19
Revenue	$862.1M+25.1%	$689.2M+28.8%	$534.9M+20.2%	$444.9M-11.5%	$502.6M-35.0%	$772.7M
Cost of Revenue	$604.0M+17.4%	$514.7M+11.1%	$463.4M+22.1%	$379.5M-6.5%	$405.7M-34.2%	$616.6M
Gross Profit	$258.2M+47.9%	$174.5M+144.0%	$71.5M+9.5%	$65.4M-32.5%	$96.8M-38.0%	$156.1M
R&D Expenses	$43.5M-19.1%	$53.7M+11.3%	$48.3M+11.5%	$43.3M+7.7%	$40.2M-63.1%	$108.9M
SG&A Expenses	$138.3M+8.5%	$127.5M+25.5%	$101.6M+2.6%	$99.1M-10.4%	$110.5M-22.9%	$143.4M
Operating Income	$76.4M+1245.4%	-$6.7M+77.8%	-$30.0M-4.8%	-$28.7M+71.5%	-$100.7M-6020.1%	$1.7M
Interest Expense	N/A	-$23.3M-147.6%	-$9.4M-38.5%	-$6.8M-0.9%	-$6.7M-9.8%	-$6.1M
Income Tax	$2.6M+2250.9%	$110K-98.2%	$6.0M+530.8%	-$1.4M-141.0%	$3.4M-79.3%	$16.3M
Net Income	$29.4M+211.1%	-$26.4M+26.1%	-$35.7M-39.8%	-$25.6M+77.9%	-$115.8M-322.6%	$52.0M
EPS (Diluted)	$0.81+201.3%	$-0.80+27.9%	$-1.11-35.4%	$-0.82+78.2%	$-3.76-335.0%	$1.60

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$230.6M-3.9%	$240.1M+13.5%	$211.4M+3.3%	$204.7M-0.6%	$205.9M-1.2%	$208.5M+2.4%	$203.7M+2.8%	$198.1M
Cost of Revenue	$155.5M	N/A	$146.9M-3.2%	$151.9M+4.7%	$145.1M	N/A	$148.5M+4.2%	$142.5M
Gross Profit	$75.1M-6.0%	$80.0M+24.0%	$64.5M+22.1%	$52.8M-13.2%	$60.8M-2.0%	$62.1M+12.5%	$55.2M-0.6%	$55.6M
R&D Expenses	$12.1M	N/A	$10.2M-11.8%	$11.6M+4.6%	$11.1M	N/A	$12.5M-12.2%	$14.2M
SG&A Expenses	$35.8M	N/A	$31.2M-14.4%	$36.5M-0.4%	$36.6M	N/A	$34.4M+1.7%	$33.8M
Operating Income	$27.2M	N/A	$23.1M+384.6%	$4.8M-63.8%	$13.1M	N/A	$8.4M+10.9%	$7.5M
Interest Expense	$2.3M	N/A	N/A	N/A	$3.2M	N/A	-$6.2M-6.2%	-$5.9M
Income Tax	-$755K	N/A	-$1.2M-328.3%	$537K-16.9%	$646K	N/A	$6.6M+2496.0%	-$274K
Net Income	$25.5M-13.8%	$29.6M+366.8%	-$11.1M-944.6%	$1.3M-86.2%	$9.5M+436.4%	-$2.8M+75.9%	-$11.7M-865.7%	$1.5M
EPS (Diluted)	$0.67-14.1%	$0.78+351.6%	$-0.31-875.0%	$0.04-84.6%	$0.26+425.0%	$-0.08+76.5%	$-0.34-950.0%	$0.04

ATROB Balance Sheet

Metric	FY26	FY23	FY22	FY21	FY20	FY19
Total Assets	$706.7M+11.5%	$633.8M+3.1%	$615.0M+1.0%	$609.1M-1.7%	$619.7M-20.8%	$782.7M
Current Assets	$437.7M+12.3%	$389.8M+6.7%	$365.3M+7.5%	$339.9M+7.2%	$316.9M-7.6%	$343.1M
Cash & Equivalents	$18.2M+282.3%	$4.8M-65.5%	$13.8M-53.7%	$29.8M-26.4%	$40.4M+26.7%	$31.9M
Inventory	$196.9M+2.6%	$191.8M+2.0%	$188.0M+19.3%	$157.6M+0.3%	$157.1M+7.7%	$145.8M
Accounts Receivable	$204.7M+18.9%	$172.1M+16.5%	$147.8M+37.6%	$107.4M+15.5%	$93.1M-37.1%	$148.0M
Goodwill	$62.9M+8.1%	$58.2M+0.1%	$58.2M-0.2%	$58.3M0.0%	$58.3M-59.8%	$145.0M
Total Liabilities	$566.6M+47.4%	$384.3M+2.4%	$375.1M+6.4%	$352.5M+0.9%	$349.4M-11.3%	$393.9M
Current Liabilities	$141.3M-1.4%	$143.3M-5.5%	$151.6M+27.8%	$118.6M+26.5%	$93.7M-22.3%	$120.6M
Long-Term Debt	$334.5M+110.0%	$159.2M-0.2%	$159.5M-2.1%	$163.0M-5.8%	$173.0M-8.0%	$188.0M
Total Equity	$140.1M-43.9%	$249.5M+4.0%	$239.9M-6.5%	$256.6M-5.1%	$270.4M-30.5%	$388.9M
Retained Earnings	$216.7M+3.3%	$209.8M-12.7%	$240.4M-16.3%	$287.2M-8.2%	$312.8M-27.0%	$428.6M

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$747.1M+5.7%	$706.7M+3.6%	$682.2M+5.5%	$646.7M-2.3%	$662.2M+2.1%	$648.8M-0.4%	$651.6M+1.0%	$644.9M
Current Assets	$468.6M+7.1%	$437.7M+1.2%	$432.6M+3.3%	$418.7M-3.2%	$432.5M+1.5%	$426.2M+0.5%	$424.2M+2.9%	$412.4M
Cash & Equivalents	$11.9M-34.7%	$18.2M+34.9%	$13.5M+0.1%	$13.5M-45.7%	$24.8M+167.2%	$9.3M+79.4%	$5.2M+81.2%	$2.9M
Inventory	$211.9M+7.7%	$196.9M-0.2%	$197.3M+1.5%	$194.3M-1.8%	$197.9M-0.9%	$199.7M-2.5%	$205.0M+2.1%	$200.7M
Accounts Receivable	$217.0M+6.0%	$204.7M+8.5%	$188.6M+0.7%	$187.3M-3.5%	$194.0M+1.4%	$191.4M-1.1%	$193.5M+3.9%	$186.3M
Goodwill	$64.3M+2.3%	$62.9M+5.3%	$59.8M+2.8%	$58.1M+0.1%	$58.1M0.0%	$58.1M-0.2%	$58.2M0.0%	$58.1M
Total Liabilities	$585.4M+3.3%	$566.6M-1.2%	$573.3M+52.8%	$375.1M-5.2%	$395.5M+0.7%	$392.7M-2.4%	$402.4M+4.0%	$387.0M
Current Liabilities	$157.7M+11.6%	$141.3M-6.4%	$151.0M+9.5%	$137.9M-12.6%	$157.8M+1.1%	$156.2M+4.1%	$150.0M+6.3%	$141.1M
Long-Term Debt	$334.9M+0.1%	$334.5M+0.1%	$334.0M+109.7%	$159.3M-0.5%	$160.1M-5.1%	$168.7M-5.5%	$178.4M+3.4%	$172.6M
Total Equity	$161.7M+15.4%	$140.1M+28.6%	$108.9M-59.9%	$271.6M+1.8%	$266.8M+4.2%	$256.1M+2.8%	$249.2M-3.4%	$257.9M
Retained Earnings	N/A	$216.7M	N/A	N/A	N/A	$192.2M	N/A	N/A

ATROB Cash Flow Statement

Metric	FY26	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$74.8M+412.3%	-$23.9M+15.4%	-$28.3M-412.0%	-$5.5M-114.8%	$37.3M-12.5%	$42.7M
Capital Expenditures	$31.7M+314.4%	$7.6M-0.4%	$7.7M+27.2%	$6.0M-19.1%	$7.5M-38.3%	$12.1M
Free Cash Flow	$43.1M+236.5%	-$31.6M+12.2%	-$36.0M-211.2%	-$11.6M-138.7%	$29.9M-2.4%	$30.6M
Investing Cash Flow	-$53.7M-1209.0%	-$4.1M-128.5%	$14.4M+352.5%	$3.2M+154.8%	-$5.8M-109.0%	$64.6M
Financing Cash Flow	-$22.4M-188.0%	$25.4M+1901.3%	-$1.4M+81.2%	-$7.5M+69.5%	-$24.6M+73.3%	-$92.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$7.7M-84.8%	$50.8M

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$10.6M-61.6%	$27.6M-19.1%	$34.2M+547.5%	-$7.6M-137.0%	$20.6M-21.9%	$26.4M+215.5%	$8.4M+233.7%	-$6.3M
Capital Expenditures	$11.2M-5.5%	$11.8M-10.2%	$13.2M+185.6%	$4.6M+118.8%	$2.1M-33.9%	$3.2M+72.1%	$1.9M+3.0%	$1.8M
Free Cash Flow	-$554K-103.5%	$15.8M-24.8%	$21.0M+271.7%	-$12.2M-166.0%	$18.5M-20.2%	$23.2M+256.2%	$6.5M+181.0%	-$8.1M
Investing Cash Flow	-$11.2M+61.9%	-$29.3M-64.7%	-$17.8M-285.8%	-$4.6M-118.8%	-$2.1M+33.9%	-$3.2M-72.1%	-$1.9M-3.0%	-$1.8M
Financing Cash Flow	-$5.5M-2694.8%	$212K+102.1%	-$10.1M-756.2%	-$1.2M+89.7%	-$11.4M-7.1%	-$10.6M-125.4%	-$4.7M-180.6%	$5.8M
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

ATROB Financial Ratios

Metric	FY26	FY23	FY22	FY21	FY20	FY19
Gross Margin	29.9%+4.6pp	25.3%+11.9pp	13.4%-1.3pp	14.7%-4.6pp	19.3%-0.9pp	20.2%
Operating Margin	8.9%+9.8pp	-1.0%+4.7pp	-5.6%+0.8pp	-6.4%+13.6pp	-20.0%-20.3pp	0.2%
Net Margin	3.4%+7.2pp	-3.8%+2.8pp	-6.7%-0.9pp	-5.8%+17.3pp	-23.0%-29.8pp	6.7%
Return on Equity	21.0%+31.6pp	-10.6%+4.3pp	-14.9%-4.9pp	-10.0%+32.9pp	-42.8%-56.2pp	13.4%
Return on Assets	4.2%+8.3pp	-4.2%+1.6pp	-5.8%-1.6pp	-4.2%+14.5pp	-18.7%-25.3pp	6.7%
Current Ratio	3.10+0.4	2.72+0.3	2.41-0.5	2.87-0.5	3.38+0.5	2.84
Debt-to-Equity	2.39+1.7	0.64-0.0	0.66+0.0	0.640.0	0.64+0.2	0.48
FCF Margin	5.0%+9.6pp	-4.6%+2.1pp	-6.7%-4.1pp	-2.6%-8.5pp	5.9%+2.0pp	4.0%

Metric	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	32.6%-0.7pp	33.3%+2.8pp	30.5%+4.7pp	25.8%-3.7pp	29.5%-0.2pp	29.8%+2.7pp	27.1%-0.9pp	28.1%
Operating Margin	11.8%	N/A	10.9%+8.6pp	2.3%-4.1pp	6.4%	N/A	4.1%+0.3pp	3.8%
Net Margin	11.1%-1.3pp	12.3%+17.6pp	-5.3%-5.9pp	0.6%-4.0pp	4.6%+6.0pp	-1.4%+4.4pp	-5.8%-6.5pp	0.8%
Return on Equity	15.8%-5.3pp	21.1%+31.3pp	-10.2%-10.7pp	0.5%-3.1pp	3.6%+4.7pp	-1.1%+3.6pp	-4.7%-5.3pp	0.6%
Return on Assets	3.4%-0.8pp	4.2%+5.8pp	-1.6%-1.8pp	0.2%-1.2pp	1.4%+1.9pp	-0.4%+1.4pp	-1.8%-2.0pp	0.2%
Current Ratio	2.97-0.1	3.10+0.2	2.87-0.2	3.04+0.3	2.74+0.0	2.73-0.1	2.83-0.1	2.92
Debt-to-Equity	2.07-0.3	2.39-0.7	3.07+2.5	0.59-0.0	0.60-0.1	0.66-0.1	0.72+0.0	0.67
FCF Margin	-0.2%-6.8pp	6.6%-3.4pp	9.9%+15.9pp	-6.0%-15.0pp	9.0%-2.1pp	11.1%+7.9pp	3.2%+7.3pp	-4.1%

Frequently Asked Questions

What is Astronics's annual revenue?

Astronics (ATROB) reported $862.1M in total revenue for fiscal year 2026. This represents a 25.1% 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 (ATROB) revenue grew by 25.1% year-over-year, from $689.2M to $862.1M in fiscal year 2026.

Is Astronics profitable?

Yes, Astronics (ATROB) reported a net income of $29.4M in fiscal year 2026, with a net profit margin of 3.4%.

What is Astronics's EBITDA?

Astronics (ATROB) had EBITDA of $98.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Astronics have?

As of fiscal year 2026, Astronics (ATROB) had $18.2M in cash and equivalents against $334.5M in long-term debt.

What is Astronics's gross margin?

Astronics (ATROB) had a gross margin of 29.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Astronics's operating margin?

Astronics (ATROB) had an operating margin of 8.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Astronics's net profit margin?

Astronics (ATROB) had a net profit margin of 3.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Astronics's return on equity (ROE)?

Astronics (ATROB) has a return on equity of 21.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Astronics's free cash flow?

Astronics (ATROB) generated $43.1M in free cash flow during fiscal year 2026. This represents a 236.5% 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 (ATROB) generated $74.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Astronics's total assets?

Astronics (ATROB) had $706.7M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Astronics's capital expenditures?

Astronics (ATROB) invested $31.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Astronics spend on research and development?

Astronics (ATROB) invested $43.5M in research and development during fiscal year 2026.

What is Astronics's current ratio?

Astronics (ATROB) had a current ratio of 3.10 as of fiscal year 2026, which is generally considered healthy.

What is Astronics's debt-to-equity ratio?

Astronics (ATROB) had a debt-to-equity ratio of 2.39 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Astronics's return on assets (ROA)?

Astronics (ATROB) had a return on assets of 4.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Astronics's Altman Z-Score?

Astronics (ATROB) has an Altman Z-Score of 6.27, 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. Learn more in our complete guide to financial health indicators.

What is Astronics's Piotroski F-Score?

Astronics (ATROB) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Astronics's earnings high quality?

Astronics (ATROB) has an earnings quality ratio of 2.55x, considered cash-backed (high 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. Learn more in our complete guide to financial health indicators.