Start here if you're new
what it is
It makes airplane lighting, power, seat-motion, and test gear for aerospace and defense customers.
how it gets paid
Last year Astronics made $862M in revenue.
why it's growing
Revenue grew 259.1% last year. The $240M quarter matters because it was up 15% vs. prior year.
what just happened
Astronics posted $240M of quarterly revenue, and gross margin was 33.3%.
At a glance
B balance sheet — gets the job done, barely
20/100 earnings predictability — expect surprises
140.5x trailing p/e — you're paying up for this one
0.3% return on capital — nothing to write home about
-$0.27 fy2024 eps est
xvary composite: 52/100 — below average
What they do
It makes airplane lighting, power, seat-motion, and test gear for aerospace and defense customers.
Your supplier sits inside a $862M aerospace business, with aerospace at 90% of sales versus test systems at 10%. Certifications → safety approvals → so what: changing vendors slows aircraft builds, and 2,500 employees keep the machine moving.
How they make money
$862M
annual revenue · their business grew +259.1% last year
total revenue
$862M
+259.1%
The products that matter
powers seats and cabin devices
aircraft power systems
part of the $862M revenue base
power hardware sits inside the same $862M business and benefits from the long replacement cycles that help defend a 33.3% gross margin. Astronics does not break out this line on the page, so you should treat it as core infrastructure, not a standalone segment story.
qualified hardware
lights and safety-related cabin hardware
aircraft lighting systems
part of the $862M revenue base
lighting sounds small until you remember the company only converts 6.4% of sales into operating profit. On a thin-margin model, even boring parts matter because they carry certification value and keep programs sticky.
sticky once installed
data, charging, and cabin connectivity
connectivity and communications hardware
part of the $862M revenue base
this bucket matters because airlines want power and connectivity at every seat, but the page does not split revenue by product line. In human-speak: you know the company serves that need, but you do not get clean segment math from the current data.
data is thin
Key numbers
$862M
revenue
That is the size of the machine. You need a lot of sales because profit is thin.
33.3%
gross margin
Gross margin → money left after direct product costs → so what: the products still leave room before overhead.
6.4%
operating margin
Operating margin → profit after running the business → so what: only 6.4 cents of each sales dollar survived.
$373M
debt
Debt → borrowed money → so what: $373M of borrowings means mistakes are not free.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $373M (15% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for ATRO right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Astronics posted $240M of quarterly revenue, and gross margin was 33.3%.
Revenue rose 15% vs. prior year to $240M, and EPS was $0.78. Value Line's FY2024 EPS estimate was -$0.27, while Yahoo lists trailing EPS at $3.12, so the sources are measuring different periods.
$240M
revenue
$0.78
eps
33.3%
gross margin
the number that mattered
The $240M quarter matters because it was up 15% vs. prior year, while 33.3% gross margin says the product mix did the heavy lifting.
source: company earnings report, 2026
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What could go wrong
the #1 risk is post-rebound demand normalizing before margins catch up.
med
the rebound math can fade faster than the multiple
259.1% growth is the kind of number you get when aviation demand snaps back after a deep hole. It is not the kind of number you casually annualize.
impact: if revenue falls back toward the $795M estimate line, the current valuation has less room to forgive missed expectations.
med
thin operating margin leaves little cushion
Astronics converts 33.3% gross margin into only 6.4% operating margin. That gap tells you overhead, production friction, and program timing still matter a lot.
impact: a one-point change in operating margin is worth about $8.6M on $862M of revenue. Small misses do not stay small for long.
med
supply chain and cybersecurity issues can delay delivery
The 10-k flagged both. For an aerospace supplier, delays are not just annoying — they can shift shipments, timing, and confidence in the next quarter all at once.
impact: with price stability at 20 / 100, you should expect the stock to react hard if execution slips.
At a roughly $2B market cap against about $55M of operating income, this stock is sensitive to any sign that recovery demand and margin expansion are decoupling.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
the next print needs to prove margin progress
revenue got the stock this far. If you own it here, watch operating margin first and revenue second.
metric
6.4% operating margin
that is the fulcrum. A move higher changes the story. Flat or lower tells you recovery volume is not translating cleanly.
risk
10-k language around supply chain and cybersecurity
if those disclosures get longer or more specific next time, treat that as an early warning on execution.
trend
whether revenue holds above the $800M area
the page shows $862M in annual revenue and a $795M estimate line. That gap is the argument about normalization in one glance.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not view this as a steady quarter-after-quarter machine.
risk rank
3
that sits around the middle of the pack. You are not buying a bunker stock, but you are not buying a distressed one either.
price stability
20 / 100
low stability means the stock tends to move around a lot. If the next quarter disappoints, you should expect a reaction.
source: institutional data
Institutional activity
institutional ownership data for ATRO is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$77
current price
n/a
target midpoint · n/a from current
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