Company Analysis

Astronics Corporation (ATRO)

Nasdaq: ATRO · Aircraft Parts & Auxiliary Equipment, NEC · East Aurora, NY · filing with the SEC since 1995
Grade5.2
◀ Past 3.4● Present 6.6▶ Future 5.2

The grade of Astronics Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past3.430% of the headline
● Present6.640% of the headline
▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.6/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2022-11-08.

weight 33% of this tense · 46th percentile among 14 sector filers · read for itself

From the record

Astronics Corporation's filings since 2017 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2022-11-08) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.2/10

What has it actually done, year after year?

+3.5% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 22nd percentile among 11 sector filers · read for its customers

From the record

Astronics Corporation's 10 filed years say what it did: revenue went from $633 million in fiscal 2016 to $862 million in fiscal 2025, up 3.5% a year; it rose in 5 of 9 years; the deepest fall was 45% from fiscal 2018 to fiscal 2021; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span3.5%bottom 23% of its family
  • the share of years revenue rosebottom 14% of its family
  • the share of filed years with a profitbottom 36% of its family
  • the deepest fall from a revenue peak44.6%bottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.0/10

How has it treated the people who own it?

Share count grew 4.3% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 40th percentile among 8 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Astronics Corporation's diluted share count grew about 4.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-11-04 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 45% of its family
  • cash returned against operating cash flowbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.4/10

Is it financially healthy right now?

ROE 21%: 21¢ of profit per shareholder dollar. Leverage 80%: owes 80¢ per asset dollar.

weight 45% of this tense · 64th percentile among 11 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Astronics Corporation earned about 21 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 37 cents per dollar of everything the company owns. Leverage: it owed about 80 cents per dollar of assets, and net share issuance: its share count grew 4.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 21% of its family
  • return on equitytop 5% of its family
  • gross profit against assetstop 5% of its family
  • the share count against the year beforebottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.1/10

How strong is its position in its industry?

top 39% of 11 in its family; net margin 3.4%.

weight 33% of this tense · 61st percentile among 11 sector filers · read for its customers

From the record

Astronics Corporation's standing among 11 graded names in its industry family: revenue of $862 million in fiscal 2025 ranks in the top 25% by size; a net margin of 3.4% ranks in the top 50%; revenue growth of 17.2% a year over the last 3 filed years ranks in the top 41% (its annual reports).

What it rests on

  • revenue against the family$862Mtop 25% of its family
  • net margin3.4%top 50% of its family
  • three-year revenue growth17.2%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.7/10

What are the people in charge doing?

top 23% of 7 in its family for leadership; chief executive since 2006.

weight 22% of this tense · 77th percentile among 7 sector filers · read for its shareholders

From the record

Astronics Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Gundermann, Peter J (PRESIDENT/CEO, as filed), filing under that title since 2006-12-13, 19.9 years (top 7% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 10.1 years (top 42%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 20%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge2 in three years among 12 peopletop 20% of its family
  • the median years the people in charge have filed10.1 yearstop 42% of its family
  • the chief executive's years on the record19.9 yearstop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.1/10

How much room does it have to grow?

bottom 41% of 11 in its family for room to expand.

weight 45% of this tense · 41st percentile among 11 sector filers · read for itself

From the record

Astronics Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $18 million against debt of $334 million leaves -44.8% of its assets as net cash, bottom 14% of its family; cash from operations less capital spending is 5% of revenue (top 41%); a gross margin of 29.9% (top 50%); research spending of 5% of revenue (bottom 42%) (its annual report).

What it rests on

  • cash less debt against assets-44.8%bottom 14% of its family
  • cash from operations less capital spending against revenue5.0%top 41% of its family
  • gross margin29.9%top 50% of its family
  • research spending against revenue5.0%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.5/10

What could actually drive growth from here?

top 45% of 11 in its family for growth drivers.

weight 33% of this tense · 55th percentile among 11 sector filers · read for its customers

From the record

Astronics Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 17.2% a year over the last three filed years against 3.5% over all 10, speeding up (top 14% of its family); the newest year grew 8.4% (bottom 41%); research spending grew -3.4% a year (bottom 8%); capital spending grew 60.4% a year (top 15%) (its annual reports). Astronics Corporation reported 2 lines of business in fiscal 2025: Aerospace at $797 million (93%), Test Systems at $65 million (8%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+13.8 points a yeartop 14% of its family
  • the newest year's revenue growth8.4%bottom 41% of its family
  • three-year growth of research spending-3.4%bottom 8% of its family
  • three-year growth of capital spending60.4%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 10 in its family for expectations against reality.

weight 22% of this tense · 68th percentile among 10 sector filers · read for its shareholders

From the record

Astronics Corporation's newest year against its own record: revenue of $862 million in fiscal 2025 came in 11.1% below the $970 million its prior three years' pace pointed to (bottom 45% of its family); net income of $29 million against a prior three-year average of $26 million (top 15%); a net margin of 3.4% against -4.2% before (top 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-11.1%bottom 45% of its family
  • net income against the prior three years' average+212%top 15% of its family
  • net margin against its prior average+7.6 pointstop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ATRO · research, not advice