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Astec Industries, Inc. (ASTE) 10-Year Financial Performance & Capital Metrics

ASTE • • Industrial / General
IndustrialsAgricultural MachineryConstruction & Heavy EquipmentRoad Construction & Infrastructure Equipment
AboutAstec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services. This segment provides its products to asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, contractors in the construction and demolition recycling markets, and governmental agencies. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. Astec Industries, Inc. was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.Show more
  • Revenue $1.31B -2.5%
  • EBITDA $50M -32.6%
  • Net Income $4M -87.2%
  • EPS (Diluted) 0.19 -87.1%
  • Gross Margin 25.12% +1.5%
  • EBITDA Margin 3.83% -30.9%
  • Operating Margin 1.78% -51.1%
  • Net Margin 0.33% -86.8%
  • ROE 0.67% -87.3%
  • ROIC 2.59% -52.8%
  • Debt/Equity 0.19 +46.0%
  • Interest Coverage 2.17 -60.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

  • ✗Weak 3Y average ROE of 2.0%
  • ✗Profits declining 28.0% over 5 years
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Thin 5Y average net margin of 1.8%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.95%
5Y2.22%
3Y6.01%
TTM6.66%

Profit (Net Income) CAGR

10Y-18.79%
5Y-28.05%
3Y-35.2%
TTM2621.05%

EPS CAGR

10Y-18.61%
5Y-27.97%
3Y-34.94%
TTM2700%

ROCE

10Y Avg4.2%
5Y Avg3.94%
3Y Avg3.52%
Latest3.03%

Peer Comparison

Road Construction & Infrastructure Equipment
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ASTEAstec Industries, Inc.1.12B49.03258.05-2.47%3.5%7.16%0.22%0.19
GENCGencor Industries, Inc.174.1M14.1113.192.01%13.57%7.39%0.63%0.00

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+983.16M1.15B1.18B1.17B1.17B1.02B1.1B1.27B1.34B1.31B
Revenue Growth %0.01%0.17%0.03%-0.01%-0%-0.12%0.07%0.16%0.05%-0.02%
Cost of Goods Sold+764.31M882.16M941.61M1.04B930.2M786.8M846M1.01B1.01B977.2M
COGS % of Revenue0.78%0.77%0.79%0.88%0.8%0.77%0.77%0.79%0.75%0.75%
Gross Profit+218.84M265.27M243.13M135.77M239.4M237.6M249.5M264.1M331.1M327.9M
Gross Margin %0.22%0.23%0.21%0.12%0.2%0.23%0.23%0.21%0.25%0.25%
Gross Profit Growth %0.02%0.21%-0.08%-0.44%0.76%-0.01%0.05%0.06%0.25%-0.01%
Operating Expenses+168.86M178.12M187.59M209.13M214.3M197.1M229.6M256.6M282.5M304.7M
OpEx % of Revenue0.17%0.16%0.16%0.18%0.18%0.19%0.21%0.2%0.21%0.23%
Selling, General & Admin168.86M178.12M187.59M209.13M183.9M166.4M191.9M190.6M219.7M217.4M
SG&A % of Revenue0.17%0.16%0.16%0.18%0.16%0.16%0.18%0.15%0.16%0.17%
Research & Development23.68M24.97M26.82M28.33M27.2M22.1M26.5M31.5M22M23.8M
R&D % of Revenue0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Other Operating Expenses4.43M1.51M2.73M-28.33M3.2M8.6M11.2M34.5M40.8M63.5M
Operating Income+49.99M87.15M55.54M-73.36M25.1M40.5M19.9M7.5M48.6M23.2M
Operating Margin %0.05%0.08%0.05%-0.06%0.02%0.04%0.02%0.01%0.04%0.02%
Operating Income Growth %-0.03%0.74%-0.36%-2.32%1.34%0.61%-0.51%-0.62%5.48%-0.52%
EBITDA+74.06M111.53M80.91M-45.83M51.3M67.4M50.1M35.4M74.2M50M
EBITDA Margin %0.08%0.1%0.07%-0.04%0.04%0.07%0.05%0.03%0.06%0.04%
EBITDA Growth %-0.03%0.51%-0.27%-1.57%2.12%0.31%-0.26%-0.29%1.1%-0.33%
D&A (Non-Cash Add-back)24.08M24.38M25.38M27.54M26.2M26.9M30.2M27.9M25.6M26.8M
EBIT53.58M88.49M58.06M-84.9M28.3M49.1M31.1M42M89.4M24.6M
Net Interest Income+-1.07M-589K462K-93K-200K100K-600K-1.5M-6.8M-8.7M
Interest Income542K806K1.3M952K1.2M800K500K1M2.1M2M
Interest Expense1.61M1.4M840K1.04M1.4M700K1.1M2.5M8.9M10.7M
Other Income/Expense1.99M-60K1.68M500K100K4M-6.1M-3.1M-5.8M-9.3M
Pretax Income+52.8M87.27M57.42M-85.68M25.2M44.5M13.8M4.4M42.8M13.9M
Pretax Margin %0.05%0.08%0.05%-0.07%0.02%0.04%0.01%0%0.03%0.01%
Income Tax+20.01M32.11M19.63M-25.23M3M-1.5M-2.1M5M9.1M9.8M
Effective Tax Rate %0.62%0.63%0.66%0.71%0.88%1.03%1.14%-0.02%0.78%0.31%
Net Income+32.8M55.16M37.8M-60.45M22.3M46M15.8M-100K33.5M4.3M
Net Margin %0.03%0.05%0.03%-0.05%0.02%0.04%0.01%-0%0.03%0%
Net Income Growth %-0.05%0.68%-0.31%-2.6%1.37%1.06%-0.66%-1.01%336%-0.87%
Net Income (Continuing)31.97M54.99M37.59M-60.7M22.2M46M15.9M-600K33.7M4.1M
Discontinued Operations0000000000
Minority Interest1.79M1.01M1.09M710K500K500K500K0300K-200K
EPS (Diluted)+1.422.381.63-2.640.982.050.69-0.031.470.19
EPS Growth %-0.05%0.68%-0.32%-2.62%1.37%1.09%-0.66%-1.04%56.89%-0.87%
EPS (Basic)1.432.401.64-2.640.992.080.70-0.031.470.19
Diluted Shares Outstanding23.12M23.14M23.18M22.9M22.67M22.88M22.95M22.79M22.78M22.85M
Basic Shares Outstanding22.93M22.99M23.02M22.88M22.52M22.59M22.73M22.79M22.72M22.8M
Dividend Payout Ratio0.28%0.17%0.24%-0.44%0.22%0.65%-0.35%2.77%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+545M576.83M602.97M560.99M506.3M565.8M636M696.4M719.5M722.8M
Cash & Short-Term Investments26.6M83.39M63.9M27.77M50.4M162.9M142.7M66.7M68.9M91.3M
Cash Only25.06M82.37M62.28M25.82M48.9M158.6M134.1M62.8M63.2M88.3M
Short-Term Investments1.54M1.02M1.62M1.95M1.5M4.3M8.6M3.9M5.7M3M
Accounts Receivable102M110.67M119.95M133.98M124.9M120.6M145.2M189.5M167.3M176.5M
Days Sales Outstanding37.8735.2136.9641.7438.9842.9748.3854.2745.6349.36
Inventory384.78M360.4M391.38M355.94M294.5M249.7M298.7M393.4M455.6M422.7M
Days Inventory Outstanding183.75149.12151.71125.43115.56115.84128.87142.11165.12157.89
Other Current Assets1.9M0018.84M21.3M23.8M28.9M30.9M27.7M32.3M
Total Non-Current Assets+235.56M266.77M286.61M294.47M294.2M282.4M269.8M318M339.8M320.8M
Property, Plant & Equipment170.21M180.54M190.4M192.45M190.4M172.8M171.7M173.6M187.6M181.9M
Fixed Asset Turnover5.78x6.36x6.22x6.09x6.14x5.93x6.38x7.34x7.13x7.17x
Goodwill30.84M40.8M45.73M32.75M33.1M38.7M38.6M45.2M46.3M25M
Intangible Assets13.58M26.64M30.95M25.37M23.5M31.2M22.7M22.5M16.4M11.2M
Long-Term Investments11.54M13.96M14.55M14.89M16.1M13.7M12.2M15.1M13.8M18.9M
Other Non-Current Assets3.2M2.14M2.4M1.52M6.4M11M8.4M29.5M38.2M38M
Total Assets+780.55M843.6M889.58M855.46M800.5M848.2M905.8M1.01B1.06B1.04B
Asset Turnover1.26x1.36x1.33x1.37x1.46x1.21x1.21x1.26x1.26x1.25x
Asset Growth %-0.03%0.08%0.05%-0.04%-0.06%0.06%0.07%0.12%0.04%-0.01%
Total Current Liabilities+142.01M168.86M179.15M189.23M172.8M170.3M223.3M274M299M271.7M
Accounts Payable48.38M57.3M60.42M70.61M57.2M52.7M82.2M107.2M116.9M79.2M
Days Payables Outstanding23.1123.7123.4224.8822.4424.4535.4638.7342.3729.58
Short-Term Debt4.53M7.17M2.47M413K1.3M1.6M2.7M9.6M11.1M13.3M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities2.84M2.85M2.5M1.83M36.4M50.7M37.1M40.5M40.2M47.6M
Current Ratio3.84x3.42x3.37x2.96x2.93x3.32x2.85x2.54x2.41x2.66x
Quick Ratio1.13x1.28x1.18x1.08x1.23x1.86x1.51x1.11x0.88x1.10x
Cash Conversion Cycle198.51160.62165.25142.28132.09134.36141.79157.66168.39177.66
Total Non-Current Liabilities+25.48M25.9M23.67M80.94M25.3M34.9M31.2M113.5M106.6M134.3M
Long-Term Debt5.15M4.12M1.57M59.71M700K400K200K78.1M72M105M
Capital Lease Obligations0000000000
Deferred Tax Liabilities2.35M1.67M1.51M1.02M900K500K1.4M2.1M1.1M2.4M
Other Non-Current Liabilities17.98M20.11M20.58M20.21M23.7M34M29.6M33.3M33.5M26.9M
Total Liabilities167.5M194.76M202.81M270.17M198.1M205.2M254.5M387.5M405.6M406M
Total Debt+9.68M11.29M4.04M59.71M2M2M2.9M87.7M83.1M118.3M
Net Debt-15.38M-71.08M-58.24M33.89M-46.9M-156.6M-131.2M24.9M19.9M30M
Debt / Equity0.02x0.02x0.01x0.10x0.00x0.00x0.00x0.14x0.13x0.19x
Debt / EBITDA0.13x0.10x0.05x-0.04x0.03x0.06x2.48x1.12x2.37x
Net Debt / EBITDA-0.21x-0.64x-0.72x--0.91x-2.32x-2.62x0.70x0.27x0.60x
Interest Coverage31.03x62.48x66.12x-70.20x17.93x57.86x18.09x3.00x5.46x2.17x
Total Equity+614.84M649.85M687.86M586M602.4M643M651.3M626.9M653.7M637.6M
Equity Growth %0.02%0.06%0.06%-0.15%0.03%0.07%0.01%-0.04%0.04%-0.02%
Book Value per Share26.5928.0829.6725.5926.5728.1128.3827.5128.6927.90
Total Shareholders' Equity613.06M648.84M686.76M585.29M601.9M642.5M650.8M626.9M653.4M637.8M
Common Stock4.6M4.61M4.61M4.5M4.5M4.5M4.5M4.5M4.5M4.6M
Retained Earnings490.93M536.77M565.33M495.25M508.3M545.2M549.3M527.8M549.4M541.7M
Treasury Stock-1.78M-1.96M-1.96M0000000
Accumulated OCI-23.56M-31.56M-24.24M-33.88M-31.8M-33.5M-32.4M-40.1M-38.1M-51.1M
Minority Interest1.79M1.01M1.09M710K500K500K500K0300K-200K

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+30.87M134.81M41.88M-29.79M112.43M141.5M7.4M-73.9M27.8M23M
Operating CF Margin %0.03%0.12%0.04%-0.03%0.1%0.14%0.01%-0.06%0.02%0.02%
Operating CF Growth %0.64%3.37%-0.69%-1.71%4.77%0.26%-0.95%-10.99%1.38%-0.17%
Net Income31.97M54.99M37.59M-60.74M22.17M46M17.9M-600K33.7M4.1M
Depreciation & Amortization24.08M24.81M25.8M27.91M26.2M26.9M30.2M27.9M25.6M0
Stock-Based Compensation1.25M2.94M3.14M2.18M2.64M5.1M6M6.8M4.1M-100K
Deferred Taxes-2.9M-3.52M-291K-25.39M1.72M8.6M-1.3M-17.1M-6.4M-6.8M
Other Non-Cash Items10.08M18.3M16.51M23.35M9.06M6.3M10M14.7M15.4M67.8M
Working Capital Changes-33.61M37.28M-40.87M2.9M50.65M48.6M-55.4M-105.6M-44.6M-42M
Change in Receivables3.16M-4.89M-7.75M-36.8M-2.95M12.2M-43.9M-28M4.7M-20.6M
Change in Inventory-6.5M30.84M-19.62M30.76M61.3M45.9M-53.8M-96.4M-63M27.4M
Change in Payables-11.41M8.84M630K9.84M-12.97M-8.6M30.8M25.5M7.7M-35.9M
Cash from Investing+-10.59M-66.23M-46.9M-27.43M-21.54M-20.9M-18.4M-53.2M-12.9M-18M
Capital Expenditures-21.2M-27.37M-20.05M-27.44M-23.36M-15.4M-20.1M-40.7M-34.1M0
CapEx % of Revenue0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.03%0.03%0.02%
Acquisitions----------
Investments----------
Other Investing10.08M2.49M480K375K-473K17.7M1.9M5.7M20.3M-17.8M
Cash from Financing+-6.06M-11.02M-16.79M22.69M-68.08M-10.4M-12.1M60.1M-18.3M24.4M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-9.19M-9.22M-9.23M-9.63M-9.92M-10M-10.2M-11.2M-11.8M-11.9M
Share Repurchases----------
Other Financing1.59M-1.02M-324K0231K-500K-2.9M-3.1M300K400K
Net Change in Cash----------
Free Cash Flow+9.66M107.44M21.84M-57.23M89.07M126.1M-12.7M-114.6M-6.3M2.5M
FCF Margin %0.01%0.09%0.02%-0.05%0.08%0.12%-0.01%-0.09%-0%0%
FCF Growth %2.61%10.12%-0.8%-3.62%2.56%0.42%-1.1%-8.02%0.95%1.4%
FCF per Share0.424.640.94-2.503.935.51-0.55-5.03-0.280.11
FCF Conversion (FCF/Net Income)0.94x2.44x1.11x0.49x5.04x3.08x0.47x739.00x0.83x5.35x
Interest Paid1.65M1.41M588K900K0300K300K1.1M7M8.5M
Taxes Paid29.57M28.45M26.92M8.5M0010M17.7M13.8M8.2M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)5.38%8.72%5.65%-9.49%3.75%7.39%2.44%-0.02%5.23%0.67%
Return on Invested Capital (ROIC)6.24%11.1%6.89%-8.81%3.2%5.83%2.97%0.96%5.5%2.59%
Gross Margin22.26%23.12%20.52%11.59%20.47%23.19%22.78%20.72%24.74%25.12%
Net Margin3.34%4.81%3.19%-5.16%1.91%4.49%1.44%-0.01%2.5%0.33%
Debt / Equity0.02x0.02x0.01x0.10x0.00x0.00x0.00x0.14x0.13x0.19x
Interest Coverage31.03x62.48x66.12x-70.20x17.93x57.86x18.09x3.00x5.46x2.17x
FCF Conversion0.94x2.44x1.11x0.49x5.04x3.08x0.47x739.00x0.83x5.35x
Revenue Growth0.78%16.71%3.25%-1.11%-0.17%-12.41%6.94%16.34%5%-2.47%

Revenue by Segment

2015201620172018201920202021202220232024
Infrastructure Group428.74M608.91M553.69M442.29M492.12M702.8M748M847.4M878.8M885.7M
Infrastructure Group Growth-42.02%-9.07%-20.12%11.27%42.81%6.43%13.29%3.71%0.79%
Material Solutions---------474.7M
Material Solutions Growth----------
Aggregate and Mining Group370.81M359.76M403.72M453.16M404.97M321.6M-422.7M450M-
Aggregate and Mining Group Growth--2.98%12.22%12.25%-10.63%-20.59%--6.46%-
Energy Group183.61M178.76M227.33M276.15M272.12M-----
Energy Group Growth--2.64%27.17%21.47%-1.46%-----

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES------842.1M1.01B1.08B1.02B
UNITED STATES Growth-------20.45%6.81%-6.28%
CANADA-----57.9M69.8M63M58.5M67.4M
CANADA Growth------20.55%-9.74%-7.14%15.21%
AUSTRALIA--------55.7M52.3M
AUSTRALIA Growth----------6.10%
Africa45.67M31.56M36.85M--22.4M33.9M36.1M36.6M40.5M
Africa Growth--30.90%16.76%---51.34%6.49%1.39%10.66%
BRAZIL8.38M4.3M10.48M--20.4M21.5M24.8M27M32.9M
BRAZIL Growth--48.66%143.67%---5.39%15.35%8.87%21.85%
MEXICO-----2.9M13.5M10.7M8.4M23.8M
MEXICO Growth------365.52%-20.74%-21.50%183.33%
South America (excluding Brazil)32.45M28.2M18.56M--21.9M15.2M20M19.8M17.8M
South America (excluding Brazil) Growth--13.10%-34.19%----30.59%31.58%-1.00%-10.10%
Central America4.4M5.9M2.93M--1.3M3.9M10.7M4.1M5.6M
Central America Growth-34.06%-50.39%---200.00%174.36%-61.68%36.59%
Central America (Excluding Mexico)--------4.1M5.6M
Central America (Excluding Mexico) Growth---------36.59%
Other European Countries23.87M19.2M18.68M--23.2M32.7M28M26.2M-
Other European Countries Growth--19.56%-2.70%---40.95%-14.37%-6.43%-
Other Asian Countries9.51M6.93M10.29M--2.7M5M10.2M7.7M-
Other Asian Countries Growth--27.19%48.51%---85.19%104.00%-24.51%-
Middle East19M3.4M4.88M--3.2M2.9M3.1M4.9M-
Middle East Growth--82.08%43.43%----9.38%6.90%58.06%-
Post Soviet States Excluding Russia--------2.5M-
Post Soviet States Excluding Russia Growth----------
West Indies1.53M2.99M3.42M--6.1M1.3M400K2.5M-
West Indies Growth-95.43%14.26%----78.69%-69.23%525.00%-
India2.71M318K1.03M-----600K-
India Growth--88.25%222.64%-------
Australia and Oceana30M29.95M40.2M--28.5M43.4M46.7M--
Australia and Oceana Growth--0.16%34.24%---52.28%7.60%--
INDIA-----500K2.7M2.9M--
INDIA Growth------440.00%7.41%--
Japan and South Korea3.57M10.82M4.76M--8.1M2.7M400K--
Japan and South Korea Growth-202.88%-56.03%----66.67%-85.19%--
CHINA-----1.2M400K100K--
CHINA Growth-------66.67%-75.00%--
Other Geographical Areas-------100K--
Other Geographical Areas Growth----------
Foreign260.87M206.16M252.44M--207.4M----
Foreign Growth--20.97%22.45%-------
Non-US---255.78M261.15M-----
Non-US Growth----2.10%-----
United States722.29M941.27M932.29M-------
United States Growth-30.32%-0.95%-------
Canada54.32M37.54M65.51M-------
Canada Growth--30.89%74.51%-------
Russia8.47M3.19M13.61M-------
Russia Growth--62.38%327.28%-------
Mexico6.99M13.49M8.51M-------
Mexico Growth-92.98%-36.93%-------
China1.33M4.59M6.11M-------
China Growth-245.49%33.04%-------
Others331K480K685K-------
Others Growth-45.02%42.71%-------

Frequently Asked Questions

Valuation & Price

Astec Industries, Inc. (ASTE) has a price-to-earnings (P/E) ratio of 258.1x. This suggests investors expect higher future growth.

Growth & Financials

Astec Industries, Inc. (ASTE) reported $1.37B in revenue for fiscal year 2024. This represents a 43% increase from $955.7M in 2011.

Astec Industries, Inc. (ASTE) saw revenue decline by 2.5% over the past year.

Yes, Astec Industries, Inc. (ASTE) is profitable, generating $47.9M in net income for fiscal year 2024 (0.3% net margin).

Dividend & Returns

Yes, Astec Industries, Inc. (ASTE) pays a dividend with a yield of 1.06%. This makes it attractive for income-focused investors.

Astec Industries, Inc. (ASTE) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Astec Industries, Inc. (ASTE) generated $45.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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