Revenue growth remains inconsistent at 4.4% in 2027Q1, while gross margins continue to fluctuate significantly between 30.2% and 37.2% over the last ten quarters.
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 | Jan'08 | Jan'07 | Jan'06 | Jan'05 | Jan'04 | Jan'03 | Jan'02 | Jan'01 | Jan'00 | Jan'99 | Jan'98 | Jan'97 |
|---|
| Sales/Revenue | 152.17M | 150.51M | 151.28M | 148.09M | 142.53M | 117.48M | 116.03M | 133.45M | 136.66M | 113.4M | 98.45M | 94.66M | 88.35M | 68.59M | 61.22M | 60.72M | 71.02M | 64.03M | 71.78M | 72.37M | 65.52M | 59.3M | 55.97M | 55.78M | 49.16M | 49.39M | 51.69M | 46.14M | 42.17M | 43.7M | 44.2M |
| Revenue Growth % | -2.47% | -0.51% | 2.16% | 3.9% | 21.32% | 1.25% | -13.05% | -2.35% | 20.51% | 15.19% | 4% | 7.14% | 28.8% | 12.03% | 0.82% | -14.49% | 10.91% | -10.8% | -0.81% | 10.46% | 10.49% | 5.94% | 0.35% | 13.46% | -0.46% | -4.44% | 12.02% | 9.43% | -3.51% | -1.13% | 0.68% |
| Cost of Goods Sold | 100.59M | 100.71M | 98.53M | 96.47M | 94.37M | 73.74M | 74.67M | 84.69M | 82.66M | 69.4M | 58.96M | 56.5M | 51.37M | 41.61M | 37.5M | 38.65M | 42.35M | 37.4M | 40.72M | 41.26M | 38.52M | 34.64M | 32.93M | 32.79M | 31.08M | 30.28M | 29.12M | 25.93M | 24.35M | 26.2M | 26.3M |
| COGS % of Revenue | - | 66.91% | 65.13% | 65.14% | 66.21% | 62.77% | 64.35% | 63.46% | 60.49% | 61.2% | 59.89% | 59.69% | 58.15% | 60.66% | 61.24% | 63.65% | 59.63% | 58.41% | 56.72% | 57.01% | 58.79% | 58.42% | 58.83% | 58.79% | 63.21% | 61.32% | 56.34% | 56.18% | 57.75% | 59.95% | 59.5% |
| Gross Profit | 51.58M | 49.81M | 52.75M | 51.62M | 48.16M | 43.74M | 41.36M | 48.76M | 54M | 44M | 39.49M | 38.16M | 36.98M | 26.98M | 23.73M | 22.07M | 28.67M | 26.63M | 31.07M | 31.11M | 27M | 24.66M | 23.05M | 22.99M | 18.09M | 19.11M | 22.57M | 20.22M | 17.81M | 17.5M | 17.9M |
| Gross Margin % | 33.9% | 33.09% | 34.87% | 34.86% | 33.79% | 37.23% | 35.64% | 36.54% | 39.51% | 38.8% | 40.11% | 40.31% | 41.85% | 39.34% | 38.76% | 36.35% | 40.37% | 41.59% | 43.28% | 42.99% | 41.21% | 41.58% | 41.17% | 41.21% | 36.79% | 38.68% | 43.66% | 43.82% | 42.25% | 40.05% | 40.5% |
| Gross Profit Growth % | - | -5.58% | 2.19% | 7.2% | 10.1% | 5.75% | -15.17% | -9.71% | 22.72% | 11.43% | 3.49% | 3.19% | 37.04% | 13.72% | 7.51% | -23.01% | 7.66% | -14.29% | -0.14% | 15.24% | 9.49% | 6.99% | 0.25% | 27.11% | -5.34% | -15.33% | 11.62% | 13.5% | 1.79% | -2.23% | 0% |
| Operating Expenses | 49.03M | 48.25M | 47.99M | 42.83M | 42.71M | 39.48M | 38.93M | 46.33M | 45.28M | 38.59M | 33.21M | 32.22M | 29.75M | 25.45M | 20.8M | 21.74M | 25.91M | 23.27M | 26.44M | 26.91M | 18.26M | 21.5M | 20.48M | 19.34M | 19.48M | 19.83M | 22.49M | 19.43M | 18.08M | 16.8M | 15.9M |
| OpEx % of Revenue | - | 32.05% | 31.72% | 28.92% | 29.97% | 33.61% | 33.55% | 34.71% | 33.13% | 34.03% | 33.73% | 34.04% | 33.67% | 37.1% | 33.98% | 35.81% | 36.48% | 36.35% | 36.84% | 37.19% | 27.86% | 36.26% | 36.58% | 34.68% | 39.62% | 40.16% | 43.5% | 42.1% | 42.88% | 38.44% | 35.97% |
| Selling, General & Admin | 41.95M | 41.43M | 41.38M | 35.92M | 35.89M | 32.73M | 32.72M | 38.24M | 37.47M | 31.14M | 26.89M | 25.28M | 23.94M | 20.38M | 16.99M | 16.74M | 20.99M | 19.84M | 21.56M | 21.81M | 19.32M | 17.46M | 16.43M | 15.67M | 14.91M | 16.09M | 16.46M | 14.72M | 13.91M | 13M | 12.5M |
| SG&A % of Revenue | - | 27.53% | 27.35% | 24.26% | 25.18% | 27.86% | 28.2% | 28.66% | 27.42% | 27.46% | 27.32% | 26.71% | 27.1% | 29.71% | 27.74% | 27.57% | 29.56% | 30.99% | 30.03% | 30.13% | 29.49% | 29.44% | 29.35% | 28.1% | 30.33% | 32.58% | 31.84% | 31.89% | 32.98% | 29.75% | 28.28% |
| Research & Development | 7.08M | 6.81M | 6.61M | 6.91M | 6.82M | 6.75M | 6.21M | 8.08M | 7.81M | 7.45M | 6.31M | 6.95M | 5.8M | 5.07M | 3.82M | 5.24M | 5.02M | 4.82M | 4.88M | 4.59M | 4.19M | 4.04M | 4.05M | 3.69M | 4.27M | 3.74M | 4.26M | 3.35M | 2.9M | 2.8M | 2.5M |
| R&D % of Revenue | - | 4.53% | 4.37% | 4.66% | 4.79% | 5.75% | 5.35% | 6.06% | 5.72% | 6.57% | 6.41% | 7.34% | 6.57% | 7.39% | 6.23% | 8.63% | 7.07% | 7.53% | 6.8% | 6.34% | 6.39% | 6.82% | 7.23% | 6.61% | 8.69% | 7.58% | 8.23% | 7.27% | 6.88% | 6.41% | 5.66% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 681K | -104.45K | -1.39M | 0 | 514.96K | -5.25M | 0 | 0 | -15.01K | 490.23K | 0 | 1.77M | 1.36M | 1.23M | 1M | 900K |
| Operating Income | 2.71M | 1.56M | 4.76M | 8.8M | 5.44M | 4.26M | 2.43M | 2.43M | 8.72M | 5.41M | 6.28M | 5.93M | 7.23M | 1.53M | 2.93M | 328K | 2.76M | 3.35M | 4.63M | 4.2M | 8.74M | 3.16M | 2.57M | 3.64M | -1.4M | -727.55K | 81.05K | 791.4K | -266.94K | 700K | 2M |
| Operating Margin % | 1.78% | 1.04% | 3.15% | 5.94% | 3.82% | 3.62% | 2.1% | 1.82% | 6.38% | 4.77% | 6.38% | 6.27% | 8.18% | 2.23% | 4.78% | 0.54% | 3.89% | 5.24% | 6.44% | 5.8% | 13.34% | 5.32% | 4.59% | 6.53% | -2.84% | -1.47% | 0.16% | 1.72% | -0.63% | 1.6% | 4.52% |
| Operating Income Growth % | - | -67.23% | -45.85% | 61.6% | 27.89% | 74.93% | 0% | -72.1% | 61.12% | -13.84% | 5.85% | -17.94% | 371.69% | -47.61% | 792.07% | -88.12% | -17.71% | -27.5% | 10.17% | -51.96% | 177.04% | 22.78% | -29.49% | 361.19% | -91.81% | -997.67% | -89.76% | 396.47% | -138.13% | -65% | 33.33% |
| EBITDA | 6.03M | 4.99M | 9.54M | 13.06M | 9.36M | 8.25M | 8.42M | 8.72M | 14.87M | 9.41M | 8.71M | 8M | 9.29M | 2.81M | 4.26M | 1.9M | 4.34M | 4.83M | 6.03M | 5.79M | 10.13M | 4.36M | 3.8M | 4.89M | -8.03K | 914.42K | 1.86M | 2.15M | 967.11K | 1.7M | 2.9M |
| EBITDA Margin % | 3.96% | 3.31% | 6.31% | 8.82% | 6.57% | 7.02% | 7.25% | 6.53% | 10.88% | 8.29% | 8.85% | 8.45% | 10.52% | 4.1% | 6.95% | 3.14% | 6.11% | 7.55% | 8.4% | 8% | 15.46% | 7.36% | 6.79% | 8.77% | -0.02% | 1.85% | 3.59% | 4.65% | 2.29% | 3.89% | 6.56% |
| EBITDA Growth % | -34.09% | -47.75% | -26.94% | 39.57% | 13.44% | -1.97% | -3.45% | -41.39% | 58.11% | 7.97% | 8.91% | -13.93% | 230.51% | -33.94% | 123.58% | -56.09% | -10.28% | -19.88% | 4.24% | -42.89% | 132.13% | 14.9% | -22.37% | 61039.36% | -100.88% | -50.73% | -13.56% | 121.99% | -43.11% | -41.38% | 20.83% |
| D&A (Non-Cash Add-back) | 3.32M | 3.42M | 4.78M | 4.27M | 3.92M | 3.99M | 5.98M | 6.28M | 6.15M | 3.99M | 2.43M | 2.06M | 2.06M | 1.28M | 1.33M | 1.58M | 1.58M | 1.48M | 1.41M | 1.59M | 1.39M | 1.21M | 1.23M | 1.25M | 1.39M | 1.64M | 1.77M | 1.36M | 1.23M | 1M | 900K |
| EBIT | 2.04M | 917K | -9.08M | 8.77M | 5.09M | 7.71M | 3.13M | 2.05M | 8.72M | 5.56M | 6.61M | 6.91M | 7.23M | 1.53M | 2.93M | 1.01M | 2.66M | 1.96M | 4.63M | 4.71M | 3.49M | 3.16M | 2.57M | 3.63M | -905.29K | -727.55K | 1.86M | 2.15M | 967.11K | 700K | 2M |
| Net Interest Income | -3.28M | -3.5M | -3.21M | -2.7M | -1.68M | -677K | -955K | -682K | -731K | -402K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143K | 145K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.28M | 3.5M | 3.21M | 2.7M | 1.68M | 677K | 955K | 826K | 876K | 402K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -4.1M | -4.1M | -17.05M | -2.72M | -2.03M | 2.78M | -254K | -1.06M | -1.41M | -255K | 324K | 975K | -299K | -121K | -41K | 316K | 23.67K | 328.42K | -48.8K | 854.74K | 883.69K | -2.82M | 197.19K | 139.22K | 333.79K | 435.75K | 321.44K | 457.46K | 876.61K | 700K | 900K |
| Pretax Income | -1.39M | -2.54M | -12.29M | 6.07M | 3.41M | 7.03M | 2.18M | 1.37M | 7.31M | 5.16M | 6.61M | 6.91M | 6.93M | 1.41M | 2.88M | 644K | 2.78M | 3.68M | 4.58M | 5.05M | 9.63M | 337.09K | 2.77M | 3.78M | -1.06M | -291.81K | 402.49K | 1.25M | 609.66K | 1.4M | 2.9M |
| Pretax Margin % | -0.91% | -1.68% | -8.12% | 4.1% | 2.39% | 5.99% | 1.88% | 1.03% | 5.35% | 4.55% | 6.71% | 7.3% | 7.85% | 2.06% | 4.71% | 1.06% | 3.92% | 5.75% | 6.38% | 6.98% | 14.69% | 0.57% | 4.94% | 6.78% | -2.16% | -0.59% | 0.78% | 2.71% | 1.45% | 3.2% | 6.56% |
| Income Tax | -40K | -161K | 2.2M | 1.38M | 749K | 605K | 895K | -389K | 1.58M | 1.87M | 2.38M | 2.38M | 2.27M | 175K | 847K | -97K | 721.85K | 916.36K | 1.61M | 744.03K | 3.57M | 851.63K | 57.58K | 567.38K | 820.04K | -58.71K | 100K | 312.21K | 114K | 400K | 600K |
| Effective Tax Rate % | 2.89% | 6.35% | -17.92% | 22.71% | 21.96% | 8.6% | 41.07% | -28.39% | 21.59% | 36.28% | 35.99% | 34.51% | 32.75% | 12.39% | 29.36% | -15.06% | 25.93% | 24.89% | 35.25% | 14.72% | 37.05% | 252.64% | 2.08% | 14.99% | -77.24% | 20.12% | 24.85% | 25% | 18.7% | 28.57% | 20.69% |
| Net Income | -1.35M | -2.38M | -14.49M | 4.69M | 2.66M | 6.43M | 1.28M | 1.76M | 5.73M | 3.29M | 4.23M | 4.53M | 4.66M | 3.21M | 10.77M | 3.13M | 2.06M | 2.77M | 2.96M | 4.31M | 6.06M | 2.55M | 2.71M | 3.22M | -1.88M | -233.1K | 302.49K | 936.64K | 495.67K | 1M | 2.3M |
| Net Margin % | -0.88% | -1.58% | -9.58% | 3.17% | 1.87% | 5.47% | 1.11% | 1.32% | 4.19% | 2.9% | 4.29% | 4.78% | 5.28% | 4.68% | 17.59% | 5.16% | 2.9% | 4.32% | 4.13% | 5.96% | 9.25% | 4.3% | 4.84% | 5.77% | -3.83% | -0.47% | 0.59% | 2.03% | 1.18% | 2.29% | 5.2% |
| Net Income Growth % | 91.61% | 83.61% | -408.67% | 76.4% | -58.61% | 400.7% | -27% | -69.3% | 74.38% | -22.28% | -6.56% | -2.94% | 45.14% | -70.17% | 243.77% | 51.91% | -25.46% | -6.68% | -31.23% | -28.87% | 137.55% | -5.87% | -15.77% | 270.95% | -707.28% | -177.06% | -67.7% | 88.97% | -50.43% | -56.52% | 76.92% |
| Net Income (Continuing) | -1.35M | -2.38M | -14.49M | 4.69M | 2.66M | 6.43M | 1.28M | 1.76M | 5.73M | 3.29M | 4.23M | 4.53M | 4.66M | 1.24M | 2.04M | 741K | 2.06M | 2.77M | 2.96M | 4.31M | 6.06M | 2.55M | 2.71M | 3.22M | -1.88M | -233.1K | 302.49K | 936.64K | 495.67K | 1M | 2.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.98M | 8.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.17 | -0.31 | -1.93 | 0.63 | 0.36 | 0.88 | 0.18 | 0.24 | 0.81 | 0.47 | 0.56 | 0.61 | 0.60 | 0.42 | 1.44 | 0.42 | 0.28 | 0.38 | 0.40 | 0.57 | 0.82 | 0.35 | 0.38 | 0.48 | -0.32 | -0.04 | 0.05 | 0.15 | 0.08 | 0.15 | 0.33 |
| EPS Growth % | 91.7% | 83.94% | -406.35% | 75% | -59.09% | 388.89% | -25% | -70.37% | 72.34% | -16.07% | -8.2% | 1.67% | 42.86% | -70.83% | 242.86% | 50% | -26.32% | -5% | -29.82% | -30.49% | 134.29% | -7.89% | -20.83% | 250% | -704.02% | -182.92% | -68% | 87.5% | -46.67% | -54.55% | 73.68% |
| EPS (Basic) | - | -0.31 | -1.93 | 0.63 | 0.36 | 0.89 | 0.18 | 0.25 | 0.83 | 0.48 | 0.57 | 0.62 | 0.61 | 0.43 | 1.46 | 0.43 | 0.28 | 0.39 | 0.42 | 0.63 | 0.90 | 0.39 | 0.41 | 0.54 | -0.32 | -0.04 | 0.05 | 0.15 | 0.08 | 0.15 | 0.33 |
| Diluted Shares Outstanding | 7.77M | 7.65M | 7.51M | 7.5M | 7.37M | 7.34M | 7.17M | 7.24M | 7.08M | 7.01M | 7.57M | 7.47M | 7.83M | 7.7M | 7.48M | 7.43M | 7.47M | 7.38M | 7.44M | 7.53M | 7.39M | 7.23M | 7.23M | 6.68M | 5.87M | 5.86M | 6.3M | 6.15M | 6.43M | 6.74M | 6.9M |
| Basic Shares Outstanding | 7.68M | 7.65M | 7.51M | 7.42M | 7.31M | 7.21M | 7.1M | 7.02M | 6.88M | 6.91M | 7.42M | 7.29M | 7.61M | 7.47M | 7.4M | 7.33M | 7.27M | 7.14M | 6.99M | 6.88M | 6.72M | 6.61M | 6.61M | 6.05M | 5.87M | 5.86M | 6.3M | 6.1M | 6.4M | 6.67M | 6.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | 38.71% | 112.11% | 33.73% | 59.16% | 49.24% | 45.26% | 45.65% | 65.47% | 24.1% | 65.62% | 98.74% | 61.92% | 56.63% | 32.03% | 21.03% | 33.25% | 30.57% | 21.88% | - | - | 231.44% | 75.7% | 141.22% | 70% | 26.09% |
Aerospace cycle and margin volatility
As reported in recent quarterly filings, AstroNova's revenue trajectory remains inconsistent, with the most recent period showing a 4.4% growth rate following a series of quarterly fluctuations that highlight the company's struggle to maintain a sustained upward momentum in its core hardware and consumable segments.
The lack of a clear growth trend suggests that the company's dual-segment model is currently neutralizing rather than compounding. Investors should monitor whether the recent uptick in revenue can be sustained or if it remains subject to the lumpy, project-based nature of the Test & Measurement segment.
Based on the provided financial data, AstroNova's gross margins have fluctuated between 30.2% and 37.2% over the last ten quarters, indicating that the company faces significant challenges in maintaining pricing power amidst shifting input costs and competitive pressures within the digital labeling market.
The volatility in gross margins suggests that the company may lack the necessary scale to absorb raw material price increases or competitive discounting. This margin instability implies that profitability is highly sensitive to external supply chain factors rather than internal operational efficiencies.
According to the income statement history, AstroNova's operating margins have frequently dipped into low single digits or negative territory, with the most recent 4.4% operating margin failing to demonstrate the scalable efficiency typically expected from a specialized technology hardware manufacturer.
The persistent high ratio of SG&A to gross profit suggests that the company is struggling to achieve meaningful operating leverage. This indicates that current revenue levels may be insufficient to cover the fixed costs of the business, leaving little room for bottom-line expansion.
As evidenced by the erratic net income figures, including a significant $15.6 million loss in 2025Q4, AstroNova's bottom-line performance appears heavily influenced by non-operating items and periodic charges that obscure the underlying profitability of its core aerospace and labeling operations.
The frequent swings between net profit and loss suggest that investors should focus on normalized earnings rather than reported GAAP figures. The impact of stock-based compensation and other non-operating expenses warrants further investigation to determine the true cash-generating capability of the business.
Quick answers to the most common questions about buying ALOT stock.
For fiscal year 2026, AstroNova, Inc. (ALOT) reported total revenue of $150.5M. This represents a 240.5% increase compared to $44.2M in 1997.
AstroNova, Inc. (ALOT) reported a net loss of $2.4M for the fiscal year ending 2026.
AstroNova, Inc. (ALOT) reported an operating income of $1.6M, resulting in an operating profit margin of 1.0%. This margin reflects the operational efficiency of the business before interest and taxes.
AstroNova, Inc. (ALOT) generated $49.8M in gross profit for the year, representing a gross profit margin of 33.1%. This demonstrates the company's core pricing power and production efficiency.