Astronics Corporation (ATRO) Income Statement
ATRO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsATRO revenue and net income
Where ATRO's revenue goes
2025Each bar shows an amount and its share of revenue. ATRO kept 3.4% of revenue as net income.
ATRO profit margins
ATRO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.4% | +17.2% | +11.4% | +2.2% |
| Gross profit | +53.4% | +53.4% | +21.7% | +3.2% |
| Operating income | +188.7% | — | — | −2.5% |
| Net income | — | — | — | −7.9% |
| EPS (diluted) | +73.0% | — | — | +0.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ATRO quarterly EPS vs estimates
Astronics beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.75).
ATRO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $862.1M | $795.4M | $689.2M | $534.9M | $444.9M | $502.6M | $772.7M | $803.3M | $624.5M | $633.1M |
| Cost of revenue | $604.0M | $627.1M | $568.4M | $463.4M | $379.5M | $405.7M | $616.6M | $622.6M | $487.4M | $473.7M |
| Gross profit | $258.2M | $168.3M | $120.8M | $71.5M | $65.4M | $96.8M | $156.1M | $180.7M | $137.1M | $159.5M |
| Research & development | $43.5M | $52.1M | $53.5M | $48.3M | $85.3M | $86.8M | $108.9M | $114.3M | $95.0M | $90.2M |
| Sales, general & admin | $138.3M | $141.9M | $120.0M | $101.6M | $99.1M | $110.5M | $143.4M | $117.0M | $90.5M | $86.3M |
| Total operating expenses | $181.7M | $141.9M | $127.5M | $101.6M | $94.0M | $197.5M | $154.4M | $117.0M | $90.5M | $86.3M |
| Operating income | $76.4M | $26.5M | −$6.7M | −$30.0M | −$28.7M | −$100.7M | $1.7M | $63.7M | $30.4M | $73.1M |
| Interest income | — | — | — | — | — | — | $6.1M | $9.7M | $5.4M | $4.4M |
| Interest expense | $12.6M | $22.0M | $23.3M | $9.4M | $6.8M | $6.7M | $6.1M | $9.7M | $5.4M | $4.4M |
| Income before taxes | $31.9M | −$7.9M | −$26.3M | −$29.8M | −$27.0M | −$112.4M | $68.3M | $52.3M | $25.0M | $68.8M |
| Income taxes | $2.6M | $8.3M | $110,000 | $6.0M | −$1.4M | $3.4M | $16.3M | $5.5M | $5.3M | $20.4M |
| Net income | $29.4M | −$16.2M | −$26.4M | −$35.7M | −$25.6M | −$115.8M | $52.0M | $46.8M | $19.7M | $48.4M |
| EBITDA | $66.3M | $16.6M | −$207,000 | −$2.0M | −$4.7M | $18.2M | $45.8M | $98.7M | $57.4M | $98.9M |
| EPS (diluted) | $1.73 | $1.00 | −$0.33 | −$0.82 | −$1.04 | −$0.87 | $0.75 | $1.24 | $1.04 | $1.27 |
| Gross margin | 29.9% | 21.2% | 17.5% | 13.4% | 14.7% | 19.3% | 20.2% | 22.5% | 22.0% | 25.2% |
| Operating margin | 8.9% | 3.3% | −1.0% | −5.6% | −6.4% | −20.0% | 0.2% | 7.9% | 4.9% | 11.6% |
| Net margin | 3.4% | −2.0% | −3.8% | −6.7% | −5.7% | −23.0% | 6.7% | 5.8% | 3.2% | 7.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $260.0M | $230.6M | $240.1M | $211.4M | $204.7M | $205.9M | $208.5M | $203.7M | $198.1M | $185.1M | $195.3M | $493.9M |
| Cost of revenue | $173.1M | $155.5M | $160.1M | $146.9M | $151.9M | $145.1M | $158.5M | $161.0M | $142.5M | $137.6M | $155.3M | $413.1M |
| Gross profit | $86.9M | $75.1M | $80.0M | $64.5M | $52.8M | $60.8M | $50.1M | $42.7M | $55.6M | $47.5M | $40.0M | $80.8M |
| Research & development | $10.9M | $12.1M | $10.6M | $10.2M | $11.6M | $11.1M | $12.2M | $27.5M | $14.2M | $13.3M | $53.5M | $14.1M |
| Sales, general & admin | $35.6M | $35.8M | $33.9M | $31.2M | $36.5M | $36.6M | $41.2M | $100.7M | $33.8M | $32.5M | $32.2M | $35.1M |
| Total operating expenses | $46.4M | $47.9M | $42.0M | $41.5M | $48.1M | $47.7M | $41.2M | $34.4M | $48.0M | $45.8M | $32.2M | $95.3M |
| Operating income | $40.5M | $27.2M | $37.9M | $23.1M | $4.8M | $13.1M | $8.9M | $8.4M | $7.5M | $1.7M | $7.8M | −$14.5M |
| Interest expense | $2.3M | $2.3M | $3.4M | $2.9M | $3.1M | $3.1M | $4.2M | $6.2M | $5.9M | $5.8M | $5.9M | $17.4M |
| Income before taxes | $37.9M | $24.8M | $32.2M | −$12.3M | $1.9M | $10.2M | $576,000 | −$5.2M | $1.3M | −$4.5M | $1.5M | −$27.8M |
| Income taxes | $2.8M | −$755,000 | $2.6M | −$1.2M | $537,000 | $646,000 | $3.4M | $6.6M | −$274,000 | −$1.4M | −$5.4M | $5.6M |
| Net income | $35.1M | $25.5M | $29.6M | −$11.1M | $1.3M | $9.5M | −$2.8M | −$11.7M | $1.5M | −$3.2M | $7.0M | −$33.4M |
| EBITDA | $46.5M | $33.0M | $41.3M | −$4.2M | $10.3M | $18.9M | $6.5M | $868,000 | $7.5M | $7.6M | $13.8M | −$4.1M |
| EPS (diluted) | $0.70 | $0.49 | $0.63 | $0.41 | $0.32 | $0.37 | $0.48 | $0.29 | $0.16 | $0.07 | $0.20 | −$0.11 |
| Gross margin | 33.4% | 32.6% | 33.3% | 30.5% | 25.8% | 29.5% | 24.0% | 21.0% | 28.0% | 25.7% | 20.5% | 16.4% |
| Operating margin | 15.6% | 11.8% | 15.8% | 10.9% | 2.3% | 6.4% | 4.3% | 4.1% | 3.8% | 0.9% | 4.0% | −2.9% |
| Net margin | 13.5% | 11.1% | 12.3% | −5.2% | 0.6% | 4.6% | −1.4% | −5.8% | 0.8% | −1.7% | 3.6% | −6.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ATRO's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ATRO financial results
In fiscal year 2025 (ended December 31, 2025), Astronics reported revenue of $862.1 million, up 8.4% from the year before. It had net income of $29.4 million, a net profit margin of 3.4%. Diluted earnings per share came to $1.73. Over five years revenue grew at an average rate of 11.4% a year.
See the ATRO stock overview for the latest quote and news, or the ATRO chart for price history and technical indicators.
ATRO income statement FAQ
What is Astronics's annual revenue?
Astronics reported total revenue of $862.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 8.4% from $795.4 million the previous year.
Is Astronics profitable?
Yes. Astronics reported net income of $29.4 million in fiscal 2025, a net profit margin of 3.4%; its operating margin was 8.9%.
What is Astronics's gross margin?
Astronics's gross margin was 29.9% in fiscal 2025: for every $100 of revenue, Astronics kept $30 after the direct cost of its products and services.
How much does Astronics spend on research and development?
Astronics spent $43.5 million on research and development in fiscal 2025, 5.0% of revenue.
How fast is Astronics growing?
Revenue grew 11.4% a year on average over the last five fiscal years, from $502.6 million to $862.1 million.
What are Astronics's earnings per share?
Astronics earned $1.73 per diluted share in fiscal 2025, compared with $1.00 a year earlier.
When will Astronics report its next earnings?
Astronics is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Astronics's fiscal year end?
Astronics's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.