Astronics Corporation (ATRO) Key Metrics
ATRO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.65B
- Enterprise value
- $3.32B
- P/E (TTM)
- 33.6 10-yr median 17.2
- Forward P/E
- 27.2
- PEG ratio
- 1.46
- Price / sales
- 2.8 10-yr median 0.8
- Price / book
- 14.1 10-yr median 1.9
- EV / EBITDA
- 21.0 10-yr median 20.9
- Dividend yield
- —
- Beta
- 1.25
ATRO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsATRO valuation Price multiples at each fiscal year-end price.
ATRO returns How much profit the business earns on the capital it uses.
ATRO per-share figures Results divided by the shares outstanding at year-end.
ATRO financial health Debt, liquidity and how easily interest is covered.
ATRO efficiency & capital use Working capital cycle and where the cash goes.
ATRO valuation history
ATRO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ATRO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ATRO cash returned to shareholders
ATRO price vs earnings per share
ATRO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.67B | $449.0M | $460.2M | $264.7M | $297.5M | $325.2M | $724.0M | $805.3M | $944.1M | $789.1M |
| Enterprise value | $2.03B | $633.6M | $646.8M | $429.4M | $437.5M | $462.7M | $910.6M | $1.03B | $1.20B | $919.3M |
| P/E ratio | 56.7 | — | — | — | — | — | 13.9 | 17.2 | 48.0 | 16.3 |
| Price / sales | 1.9 | 0.6 | 0.7 | 0.5 | 0.7 | 0.6 | 0.9 | 1.0 | 1.5 | 1.2 |
| Price / book | 11.9 | 1.8 | 1.8 | 1.1 | 1.2 | 1.2 | 1.9 | 2.1 | 2.9 | 2.3 |
| Price / free cash flow | 38.6 | 20.3 | — | — | — | 10.9 | 23.7 | 20.9 | 38.8 | 22.0 |
| Price / operating cash flow | 22.3 | 14.7 | — | — | — | 8.7 | 17.0 | 14.7 | 25.0 | 16.2 |
| EV / sales | 2.3 | 0.8 | 0.9 | 0.8 | 1.0 | 0.9 | 1.2 | 1.3 | 1.9 | 1.5 |
| EV / EBITDA | 30.5 | 38.2 | — | — | — | 25.5 | 19.9 | 10.4 | 20.9 | 9.3 |
| EV / free cash flow | 47.0 | 28.6 | — | — | — | 15.5 | 29.8 | 26.6 | 49.3 | 25.7 |
| Earnings yield | 1.8% | −3.6% | −5.7% | −13.5% | −8.6% | −35.6% | 7.2% | 5.8% | 2.1% | 6.1% |
| Free cash flow yield | 2.6% | 4.9% | −6.9% | −13.6% | −3.9% | 9.2% | 4.2% | 4.8% | 2.6% | 4.5% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | — | — | 0.0% | 0.0% | 2.4% | 7.0% | 0.0% | 3.4% | 2.2% |
| Share price at fiscal year-end | $43.29 | $12.74 | $13.90 | $8.22 | $9.58 | $10.56 | $22.31 | $24.30 | $28.00 | $22.85 |
| Per share | ||||||||||
| Revenue per share | $22.40 | $22.57 | $20.82 | $16.61 | $14.32 | $16.32 | $23.81 | $24.24 | $18.52 | $18.33 |
| Earnings per share | $0.76 | −$0.46 | −$0.80 | −$1.11 | −$0.82 | −$3.76 | $1.60 | $1.41 | $0.58 | $1.40 |
| Operating cash flow per share | $1.94 | $0.87 | −$0.72 | −$0.88 | −$0.18 | $1.21 | $1.32 | $1.66 | $1.12 | $1.41 |
| Free cash flow per share | $1.12 | $0.63 | −$0.95 | −$1.12 | −$0.37 | $0.97 | $0.94 | $1.16 | $0.72 | $1.04 |
| Cash per share | $0.47 | $0.26 | $0.34 | $0.43 | $0.96 | $1.31 | $0.98 | $0.50 | $0.53 | $0.52 |
| Book value per share | $3.64 | $7.27 | $7.54 | $7.45 | $8.26 | $8.78 | $11.98 | $11.67 | $9.78 | $9.77 |
| Tangible book value per share | $0.57 | $4.13 | $3.80 | $3.18 | $3.35 | $3.32 | $3.59 | $3.87 | $1.51 | $3.59 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.82 | $0.24 | $0.23 | $0.24 | $0.19 | $0.24 | $0.37 | $0.49 | $0.40 | $0.38 |
| Debt per share | $9.83 | $5.50 | $5.98 | $5.54 | $5.47 | $5.78 | $6.73 | $7.21 | $8.06 | $4.29 |
| Shares outstanding | 38.5M | 35.2M | 33.1M | 32.2M | 31.1M | 30.8M | 32.5M | 33.1M | 33.7M | 34.5M |
| Change in shares outstanding | +9.2% | +6.5% | +2.8% | +3.7% | +0.9% | −5.1% | −2.0% | −1.7% | −2.4% | −0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.8% | −6.4% | −10.8% | −14.4% | −9.7% | −35.1% | 13.4% | 13.1% | 5.9% | 15.2% |
| Return on invested capital (ROIC) | 14.9% | 4.8% | −1.3% | −5.9% | −5.6% | −16.2% | 0.2% | 9.6% | 4.5% | 11.2% |
| Return on assets (ROA) | 4.3% | −2.5% | −4.2% | −5.8% | −4.2% | −16.5% | 6.7% | 6.2% | 2.9% | 8.0% |
| Return on tangible assets | 5.0% | −3.0% | −5.0% | −7.5% | −5.6% | −25.6% | 10.2% | 9.1% | 4.3% | 12.4% |
| Free cash flow margin | 5.0% | 2.8% | −4.6% | −6.7% | −2.6% | 5.9% | 4.0% | 4.8% | 3.9% | 5.7% |
| Income quality (OCF / net income) | 2.55 | — | — | — | — | — | 0.82 | 1.17 | 1.92 | 1.01 |
| Financial health | ||||||||||
| Total debt | $378.4M | $193.9M | $197.9M | $178.4M | $169.8M | $178.0M | $218.5M | $238.8M | $271.8M | $148.1M |
| Cash & short-term investments | $18.2M | $9.3M | $11.3M | $13.8M | $29.8M | $40.4M | $31.9M | $16.6M | $17.9M | $17.9M |
| Net debt | $360.2M | $184.6M | $186.6M | $164.6M | $140.0M | $137.6M | $186.6M | $222.1M | $253.9M | $130.2M |
| Debt / equity | 2.70 | 0.76 | 0.79 | 0.74 | 0.66 | 0.66 | 0.56 | 0.62 | 0.82 | 0.44 |
| Debt / assets | 0.54 | 0.30 | 0.30 | 0.29 | 0.28 | 0.29 | 0.28 | 0.31 | 0.37 | 0.25 |
| Net debt / EBITDA | 5.43 | 11.12 | — | — | — | 7.57 | 4.07 | 2.25 | 4.42 | 1.32 |
| Current ratio | 3.10 | 2.73 | 2.72 | 2.41 | 2.87 | 3.38 | 2.84 | 2.92 | 3.06 | 2.95 |
| Quick ratio | 1.71 | 1.45 | 1.38 | 1.17 | 1.54 | 1.71 | 1.64 | 1.84 | 1.60 | 1.60 |
| Interest coverage | 6.1 | 1.2 | -0.3 | -3.2 | -4.2 | -14.9 | 0.3 | 6.6 | 5.7 | 16.8 |
| Working capital | $296.5M | $270.0M | $246.4M | $213.7M | $221.2M | $223.2M | $222.4M | $246.1M | $212.4M | $168.5M |
| Invested capital | $500.2M | $440.7M | $436.1M | $404.6M | $396.6M | $408.0M | $575.4M | $608.8M | $583.8M | $467.7M |
| Tangible asset value | $21.8M | $145.6M | $125.9M | $102.5M | $104.0M | $102.2M | $116.6M | $128.3M | $50.8M | $124.1M |
| Net current asset value | −$128.9M | $33.5M | −$9.7M | −$9.8M | −$12.7M | −$32.4M | −$50.8M | −$13.8M | −$90.7M | −$11.8M |
| Graham number | $7.90 | — | — | — | — | — | $20.78 | $19.26 | $11.34 | $17.56 |
| Graham net-net per share | −$7.70 | −$3.97 | −$4.93 | −$4.86 | −$5.26 | −$5.22 | −$5.49 | −$4.99 | −$6.33 | −$3.15 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | — | — | $0 | $0 | $7.7M | $50.8M | $0 | $32.4M | $17.6M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 25.9% | 165.9% | 0.0% | 133.2% | 49.2% |
| Capex / revenue | 3.7% | 1.1% | 1.1% | 1.4% | 1.4% | 1.5% | 1.6% | 2.0% | 2.2% | 2.1% |
| Capex / operating cash flow | 42.3% | 27.6% | — | — | — | 20.0% | 28.3% | 29.7% | 35.7% | 26.7% |
| Capex / depreciation | 1.45 | 0.34 | 0.29 | 0.28 | 0.21 | 0.23 | 0.37 | 0.47 | 0.50 | 0.51 |
| Stock-based compensation / revenue | 0.8% | 1.5% | 1.7% | 1.2% | 1.5% | 1.0% | 0.5% | 0.4% | 0.4% | 0.4% |
| R&D / revenue | 5.0% | 6.5% | 7.8% | 9.0% | 19.2% | 17.3% | 14.1% | 14.2% | 15.2% | 14.2% |
| SG&A / revenue | 16.0% | 17.8% | 17.4% | 19.0% | 22.3% | 22.0% | 18.6% | 14.6% | 14.5% | 13.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 83.9 | 83.4 | 84.7 | 87.1 | 82.2 | 87.5 | 78.0 | 71.6 | 70.7 | 59.0 |
| Days of inventory on hand | 119.8 | 114.0 | 121.9 | 136.1 | 151.3 | 136.2 | 84.2 | 84.7 | 99.9 | 89.4 |
| Days payables outstanding | 25.4 | 30.3 | 40.2 | 39.0 | 29.5 | 28.0 | 25.6 | 27.1 | 25.1 | 20.1 |
| Cash conversion cycle (days) | 178.3 | 167.1 | 166.4 | 184.2 | 204.1 | 195.7 | 136.6 | 129.1 | 145.6 | 128.3 |
| Receivables turnover | 4.35 | 4.38 | 4.31 | 4.19 | 4.44 | 4.17 | 4.68 | 5.10 | 5.16 | 6.19 |
| Payables turnover | 14.37 | 12.05 | 9.07 | 9.36 | 12.38 | 13.03 | 14.25 | 13.46 | 14.57 | 18.14 |
| Inventory turnover | 3.05 | 3.20 | 2.99 | 2.68 | 2.41 | 2.68 | 4.33 | 4.31 | 3.65 | 4.08 |
| Asset turnover | 1.27 | 1.23 | 1.09 | 0.87 | 0.72 | 0.72 | 0.99 | 1.06 | 0.93 | 1.04 |
| Average receivables | $198.1M | $181.8M | $159.9M | $127.6M | $100.2M | $120.5M | $165.2M | $157.5M | $121.0M | $102.3M |
| Average payables | $42.0M | $52.0M | $62.7M | $49.5M | $30.7M | $31.1M | $43.3M | $46.3M | $33.5M | $26.1M |
| Average inventory | $198.3M | $195.8M | $189.9M | $172.8M | $157.3M | $151.4M | $142.2M | $144.4M | $133.4M | $116.0M |
| Intangibles / total assets | 16.7% | 17.0% | 19.0% | 22.3% | 25.1% | 27.1% | 34.8% | 33.3% | 37.9% | 35.3% |
Computed from ATRO's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ATRO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Astronics traded at 56.7 times earnings, against a 10-year median of 17.2. Based on the latest twelve months, the trailing P/E is 33.6 and the forward P/E is 27.2. Astronics earned a return on equity of 14.8% and a return on invested capital of 14.9% in fiscal 2025. It ended the year with $378.4 million of debt and $18.2 million in cash and short-term investments, net debt of $360.2 million. The share count rose 11.4% from 34.5M to 38.5M over 9 years.
See the ATRO income statement, the ATRO chart for price history, or the ATRO stock overview for the latest quote and news.
ATRO key metrics FAQ
What is Astronics's P/E ratio?
Astronics's trailing P/E ratio is 33.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 27.2. At the end of fiscal 2025 it was 56.7, compared with a 10-year median of 17.2.
What is Astronics's EV/EBITDA?
Astronics's enterprise value was 30.5 times EBITDA at the end of fiscal 2025 (enterprise value $2.0 billion, EBITDA $66.3 million); the current EV/EBITDA is 21.0.
What is Astronics's return on equity?
Astronics's return on equity (ROE) was 14.8% in fiscal 2025: net income of $29.4 million on average shareholders' equity of $198.1 million.
What is Astronics's ROIC?
Astronics's return on invested capital was 14.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Astronics have?
Astronics had total debt of $378.4 million at the end of fiscal 2025, a debt-to-equity ratio of 2.70 and $360.2 million of net debt (5.43 times EBITDA).
What is Astronics's free cash flow yield?
Astronics generated $43.1 million of free cash flow in fiscal 2025, a free cash flow yield of 2.6% on its market value at year-end ($1.7 billion).
What is Astronics's current ratio?
Astronics's current ratio was 3.10 at the end of fiscal 2025: current assets were 3.10 times current liabilities.