Astronics (ATRO) AI Stock Analysis

• Market Cap: $1.23B
• Dividend Yield: N/A
• Average Volume (3M): 694.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: 13.73%
• EPS Growth: 86.81%
• Country: US
• Employees: 2,500
• Sector: Industrials
• Sector Strength: 94
• Industry: Aerospace & Defense
• EPS (TTM): 0.26
• Shares Outstanding: 30,812,250
• 10 Day Avg. Volume: 665,377
• 30 Day Avg. Volume: 694,750
• PEG Ratio: -4.69
• Price to Book (P/B): 4.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 31.49
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 0.46
• Enterprise Value/Gross Profit: 6.87
• Enterprise Value/Ebitda: 7.11
• 1Y Price Target: $49.00
• Price Target Upside: 42.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: $39.00 ▲(13.04%Upside)

Astronics' overall stock score of 67 reflects a mix of strengths and challenges. The strong technical performance and positive earnings call are significant positives, indicating momentum and growth potential. However, the poor valuation due to negative earnings and the need for improved profitability weigh heavily on the score. Continued focus on enhancing financial performance and managing macroeconomic risks will be critical for future improvement.

Astronics Business Overview & Revenue Model

Company Description

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and communications and mass transit industries; and provides wireless communication testing for the civil land mobile radio market, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company was incorporated in 1968 and is headquartered in East Aurora, New York.

How the Company Makes Money

Astronics generates revenue primarily through the sale of its products and services to commercial, military, and business aircraft manufacturers, as well as airlines and other aerospace and defense customers. The company operates through multiple segments, including Aerospace and Test Systems. The Aerospace segment contributes significantly to its revenue through the provision of electrical power and motion systems, lighting and safety systems, aircraft structures, and avionics. The Test Systems segment earns revenue by offering test solutions for electronics systems in the aerospace and defense industries. Additionally, Astronics benefits from long-standing partnerships and contracts with major industry players, which help ensure a steady stream of income through product sales, aftermarket support, and engineering services.

Astronics Financial Statement Overview

Summary

Astronics is showing positive trends in revenue and cash flow growth, indicating a recovery path. However, profitability remains a significant challenge with a negative net income, highlighting the need for continued improvement in cost management and financial stability.

Income Statement

Astronics has shown a consistent revenue growth, with a TTM (Trailing-Twelve-Months) revenue of $816.3 million, up from $795.4 million in the previous year. Gross profit margin improved to 25.6% in TTM, reflecting better cost management. However, despite these improvements, the company is still struggling with profitability, posting a negative net income of $3.5 million in TTM, although this is a significant improvement from previous losses.

Balance Sheet

The debt-to-equity ratio stands at 0.73, indicating moderate leverage. Stockholders' equity increased to $266.8 million, representing 40.3% of total assets, which is a positive sign of financial stability. However, consistent losses in previous years have eroded equity growth, and the company must continue improving its profitability to enhance its financial position.

Cash Flow

Free cash flow has shown significant improvement, growing from $22.1 million to $40.2 million in TTM. The operating cash flow to net income ratio is strong, highlighting efficient cash generation relative to net income. The company has managed to increase its cash reserves, which can support ongoing operations and reduce financial risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	816.29M	795.43M	689.21M	534.89M	444.91M	502.59M
Gross Profit	209.20M	168.34M	120.80M	71.54M	65.36M	96.84M
EBITDA	61.16M	50.93M	19.43M	-2.27M	-4.68M	18.96M
Net Income	-3.51M	-16.21M	-26.42M	-35.75M	-25.58M	-115.78M
Balance Sheet
Total Assets	662.24M	648.76M	633.79M	615.03M	609.14M	619.75M
Cash, Cash Equivalents and Short-Term Investments	24.80M	9.29M	4.76M	13.78M	29.76M	40.41M
Total Debt	196.06M	193.87M	197.88M	164.00M	163.00M	173.00M
Total Liabilities	395.49M	392.67M	384.27M	375.11M	352.53M	349.37M
Stockholders Equity	266.76M	256.10M	249.52M	239.92M	256.60M	270.37M
Cash Flow
Free Cash Flow	40.24M	22.14M	-31.59M	-35.99M	-11.56M	29.88M
Operating Cash Flow	49.17M	30.57M	-23.95M	-28.31M	-5.53M	37.34M
Investing Cash Flow	-8.94M	-8.43M	-4.11M	14.39M	3.18M	-5.80M
Financing Cash Flow	-20.86M	-14.53M	25.43M	-1.41M	-7.50M	-24.58M

Astronics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATRO, the sentiment is Positive. The current price of 34.5 is above the 20-day moving average (MA) of 33.66, above the 50-day MA of 32.76, and above the 200-day MA of 22.96, indicating a bullish trend. The MACD of 0.64 indicates Positive momentum. The RSI at 55.74 is Neutral, neither overbought nor oversold. The STOCH value of 41.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATRO.

Astronics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AVAV	68 Neutral	$13.46B	176.75	5.10%	―	14.50%	-29.76%
DCO	68 Neutral	$1.34B	38.52	5.25%	―	3.02%	95.76%
ATRO	67 Neutral	$1.23B	―	-1.35%	―	13.73%	86.81%
Sector *	67 Neutral	£2.85B	10.42	4.69%	215.06%	2.73%	-20.56%
RDW	59 Neutral	$2.41B	―	-451.56%	―	1.36%	-213.86%
MRCY	58 Neutral	$3.16B	―	-4.45%	―	5.66%	52.71%
EVEX	43 Neutral	$2.14B	―	-148.98%	―	―	-2.94%

Astronics Corporate Events

Astronics Holds Annual Shareholders Meeting, Key Decisions Made

On May 22, 2025, Astronics Corporation held its Annual Meeting of Shareholders, where key decisions were made. Shareholders elected the Board of Directors, ratified Ernst & Young LLP as the independent accounting firm for 2025, and approved an amendment to the 2017 Long Term Incentive Plan to increase available shares. These decisions reflect the company’s strategic direction and governance priorities, potentially impacting its operational focus and stakeholder confidence.

The most recent analyst rating on (ATRO) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Astronics stock, see the ATRO Stock Forecast page.