ATRO
Astronics Corporation
ATRO's fundamentals are strong: revenue grew 21% and its operating margin rose 10 points to 16%. At 20x earnings, it's trading about half its usual 41x.
ATRO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Healthy |
ATRO's revenue, profitability, cash flow and balance sheet are all currently healthy.
ATRO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $25.97 | -57% |
| Current | 20x | $60.31 | — |
| Fair | 41x | $121 | +101% |
| Expensive | 84x | $251 | +316% |
Historical ranges are pointers, not guarantees.
ATRO's PE is in its fair range at 20x.
ATRO Forward outlook
There aren't enough analyst estimates for ATRO to show an outlook.
ATRO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $2.99 | +$3.06 |
| Q2 2026 | $1.66 | +$1.76 |
| Q1 2026 | $0.94 | +$1.04 |
| Q4 2025 | $0.61 | +$0.99 |
| Q3 2025 | -$0.07 | +$0.08 |
| Q2 2025 | -$0.10 | +$0.19 |
| Q1 2025 | -$0.10 | +$0.51 |
| Q4 2024 | -$0.38 | +$0.27 |
ATRO has returned to profit: it earned $2.99 per share over the past year, after losing money the year before.
ATRO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $271.7M | +28% |
| Q2 2026 | $260M | +27% |
| Q1 2026 | $230.6M | +12% |
| Q4 2025 | $240.1M | +15% |
| Q3 2025 | $211.4M | +3.8% |
| Q2 2025 | $204.7M | +3.3% |
| Q1 2025 | $205.9M | +11% |
| Q4 2024 | $208.5M | +6.8% |
ATRO's revenue has grown year over year for 21 quarters in a row: $272M last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +9 points |
| Q2 2026 | 16% | +13 points |
| Q1 2026 | 12% | +5.4 points |
| Q4 2025 | 15% | +11 points |
| Q3 2025 | 11% | +6.8 points |
| Q2 2025 | 2.3% | -1.5 points |
| Q1 2025 | 6.4% | +5.5 points |
| Q4 2024 | 4.3% | +0.3 points |
ATRO's operating margin was 20% last quarter, up 9 points from the same quarter a year ago, near the top of its range since 2019.
ATRO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.6M | +3% |
| Q2 2026 | $24.4M | +$36.6M |
| Q1 2026 | -$554K | -103% |
| Q4 2025 | $15.8M | -32% |
| Q3 2025 | $21M | +222% |
| Q2 2025 | -$12.2M | -$4.2M |
| Q1 2025 | $18.5M | +4123% |
| Q4 2024 | $23.2M | +$26.5M |
ATRO generated $61M in free cash flow over the past year, up 21% from the year before.
ATRO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.3% | +2M shares |
| 1 year | +9.3% | +4.1M shares |
| 3 years | +17% | +7.2M shares |
| 5 years | +25% | +9.7M shares |
| Available history | +19% | +7.9M shares |
ATRO has 49M diluted shares, up 9.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $7.7M |
ATRO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 2.0x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 4.5x | High |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 3.1x | Elevated |
ATRO's net debt is about 1.5 years of its operating earnings (EBITDA), down from 4.5 years a year ago.
ATRO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.4 | Neutral |
| Stochastic | 11.4 | Oversold |
ATRO's weekly RSI is 45 (neutral) and its Stochastic is 11 (oversold).
ATRO PE vs Industrials Sector
| Metric | ATRO | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 24x | 16% below |
| PE % | 38 | 58 | 20 pts below |
ATRO is trading at 20x earnings, a 16% discount to the Industrials sector's median of 24x.
ATRO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.9 | 2.6% below |
| 20 week MA | $69.3 | 13% below |
| 50 week MA | $63.1 | 4.5% below |
| 100 week MA | $44.1 | 37% above |
| 200 week MA | $29.0 | 108% above |
ATRO has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 108% above its 200-week average.
ATRO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.5 | $10.4 | -54% |
| 2021 | $10.4 | $9.34 | -11% |
| 2022 | $9.34 | $7.57 | -19% |
| 2023 | $7.57 | $13.9 | +84% |
| 2024 | $13.9 | $12.8 | -8% |
| 2025 | $12.8 | $44.2 | +246% |
| 2026 YTD | $44.2 | $60.3 | +36% |
ATRO's yearly returns have swung widely, from +246% in 2025 to −54% in 2020. It's up 36% so far in 2026.