Astronics Corporation (ATRO) AI Stock Analysis

Astronics Corporation designs and manufactures specialized products for the aerospace, defense, and electronics industries across North America, Asia, Europe, and South America. It operates in two segments: Aerospace and Test Systems. The Aerospace segment produces lighting and safety systems, electrical power generation, seat motion systems, aircraft structures, avionics, and certification services for commercial, military, and general aviation airframe manufacturers, operators, and the U.S. Department of Defense. The Test Systems segment develops automated test systems, wireless communication testing for civil land mobile radio, and training and simulation devices for aerospace, defense, communications, and mass transit sectors.

Revenue grew from $444.9M in FY2021 to $534.9M in FY2022, $689.2M in FY2023, $795.4M in FY2024, and $862.1M in FY2025, representing a 5-year revenue CAGR of 11.4%. Operating margin improved from -6.4% in FY2021 to 3.3% in FY2024 and 8.9% in FY2025, while gross margin expanded from 14.7% to 29.9% over the same period. Net income shifted from -$25.6M in FY2021 to $29.4M in FY2025, generating EPS of $1.73. For the trailing twelve months, revenue reached $942.1M with an operating margin of 14.8%. In the latest quarter ended June 30, 2026, revenue grew 27.0% year-over-year, and quarterly earnings grew 2400.0%.

As of June 30, 2026, Astronics held $9.0M in cash and short-term investments compared to total debt of $353.0M, resulting in net debt of $343.9M. The debt-to-equity ratio stood at 1.78, with shareholders' equity of $198.2M and total assets of $760.8M. Liquidity was supported by a current ratio of 2.97. In FY2025, operating cash flow reached $74.8M and free cash flow was $43.1M, after capital expenditures of $31.7M. Over the past five years, the company's share count increased 45.1%.

Astronics trades at a trailing P/E of 33.6x and a forward P/E of 27.2x, above the median of its US-listed Industrials peers of 24.8x and 17.2x. Its enterprise value of $3.32B reflects an EV to EBITDA multiple of 21.0x, higher than the peer median of 13.9x, and a price-to-sales multiple of 2.8x versus the peer median of 1.5x. Over the past year, the stock returned 61.0%, outperforming the S&P 500 return of 16.8%. Over five years, the stock gained 445.6% compared to 83.0% for the S&P 500.

Astronics has 3 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target of $98.00 implies 59.3% upside compared to the last close of $61.53. For the fiscal year ending December 31, 2026, analysts estimate revenue of $1.03B and EPS of $2.71, representing expected EPS growth of 61.5%. For the following fiscal year, 3 analysts project revenue of $1.13B and EPS of $3.04. Astronics has beat EPS estimates in each of the last 4 quarters, with next earnings scheduled for November 3, 2026.

This page is an AI-written research summary of Astronics Corporation (ATRO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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