ASTE
Astec Industries, Inc.
ASTE's fundamentals are mixed, but it looks expensive: trading at 77x earnings, above its usual 44x. Analysts expect earnings growth.
ASTE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
ASTE's revenue and cash flow are currently healthy, and its profitability and balance sheet are stable.
ASTE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $38.64 | — |
| Cheap | 30x | $14.87 | -62% |
| Fair | 43x | $21.71 | -44% |
| Current | 77x | $38.64 | — |
| Expensive | 93x | $46.64 | +21% |
Historical ranges are pointers, not guarantees.
ASTE's PE is in its expensive range at 77x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its cheap range.
ASTE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ASTE, with profitability improving.
ASTE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.80 | +660% |
| Q3 2026 | $0.50 | -76% |
| Q2 2026 | $0.85 | -57% |
| Q1 2026 | $1.12 | +70% |
| Q4 2025 | $1.68 | +784% |
| Q3 2025 | $2.08 | +$2.16 |
| Q2 2025 | $1.99 | +$2.09 |
| Q1 2025 | $0.66 | -39% |
| Q4 2024 | $0.19 | -87% |
ASTE's earnings per share have fallen from their peak: $0.50 over the past year, against $2.08 in late 2025.
ASTE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $352.4M | +0.7% |
| Q2 2026 | $408.1M | +24% |
| Q1 2026 | $396.3M | +20% |
| Q4 2025 | $400.6M | +12% |
| Q3 2025 | $350.1M | +20% |
| Q2 2025 | $330.3M | -4.4% |
| Q1 2025 | $329.4M | +6.5% |
| Q4 2024 | $359M | +6.5% |
ASTE's revenue has grown year over year for five quarters in a row: $352M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.9% | -1.3 points |
| Q2 2026 | 5% | -1.5 points |
| Q1 2026 | 2.3% | -3.9 points |
| Q4 2025 | 5.7% | -4 points |
| Q3 2025 | 0.3% | +2.8 points |
| Q2 2025 | 6.5% | +9.6 points |
| Q1 2025 | 6.2% | +4.2 points |
| Q4 2024 | 9.7% | +4.1 points |
ASTE's operating margin was −0.9% last quarter, down 1.3 points from the same quarter a year ago.
ASTE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.7M | +$23M |
| Q2 2026 | $4.7M | -48% |
| Q1 2026 | $32.6M | +96% |
| Q4 2025 | $7.4M | -77% |
| Q3 2025 | -$12.3M | -162% |
| Q2 2025 | $9M | +173% |
| Q1 2025 | $16.6M | +$69.4M |
| Q4 2024 | $32.1M | -14% |
ASTE still generates free cash flow, though less than at its 2020 peak: $55M over the past year.
ASTE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -243K shares |
| 1 year | +0.7% | +158K shares |
| 3 years | +1.3% | +301K shares |
| 5 years | +0.6% | +135K shares |
| Available history | +1.6% | +374K shares |
ASTE has 23M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q4 2022 | $4M |
| Q4 2019 | — |
ASTE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Moderate |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | 0.6x | Very low |
ASTE's net debt is about 3.0 years of its operating earnings (EBITDA), up from 2.6 years a year ago.
ASTE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.8 | Neutral |
| Stochastic | 16.3 | Oversold |
ASTE's weekly RSI is 39 (neutral) and its Stochastic is 16 (oversold).
ASTE PE vs Industrials Sector
| Metric | ASTE | Sector median | Relative |
|---|---|---|---|
| PE | 77x | 24x | 222% above |
| PE % | 77 | 58 | 19 pts above |
ASTE is trading at 77x earnings, a 222% premium to the Industrials sector's median of 24x.
ASTE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.0 | 1% below |
| 20 week MA | $44.5 | 13% below |
| 50 week MA | $49.6 | 22% below |
| 100 week MA | $44.6 | 13% below |
| 200 week MA | $41.7 | 7.3% below |
ASTE is in a downtrend: it's below all five of its weekly moving averages, and 7.3% below its 200-week average.
ASTE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.1 | $58.6 | +39% |
| 2021 | $58.6 | $69.3 | +18% |
| 2022 | $69.3 | $41.0 | -41% |
| 2023 | $41.0 | $37.2 | -9.3% |
| 2024 | $37.2 | $33.2 | -11% |
| 2025 | $33.2 | $45.9 | +38% |
| 2026 YTD | $45.9 | $38.6 | -16% |
ASTE has finished lower in three of the last six years. It's down 16% so far in 2026.