Astronics Corporation (ATRO) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↓
33.06
↓-91% vs avg
5yr avg: 367.56
30Y Low2.5·High72.0
P/FCF
↑
66.98
↑+118% vs avg
5yr avg: 30.76
30Y Low1.8·High41.7
P/B Ratio
↑
22.13
↑+497% vs avg
5yr avg: 3.71
30Y Low0.4·High12.4
ROE
↑
14.8%
↓+380% vs avg
5yr avg: -5.3%
30Y Low-35%·High38%
Debt/EBITDA
↓
3.85
↓-97% vs avg
5yr avg: 141.77
30Y Low0.5·High40.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ATRO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Astronics Corporation trades at 99.5x earnings, 78% above its 5-year average of 55.8x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 289%. On a free-cash-flow basis, the stock trades at 67.0x P/FCF, 118% above the 5-year average of 30.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $1.7B | $469M | $481M | $276M | $312M | $339M | $756M | $841M | $1.0B | $847M |
| Enterprise Value | $3.2B | $2.1B | $653M | $667M | $441M | $464M | $496M | $943M | $1.1B | $1.3B | $977M |
| P/E Ratio → | 99.46 | 55.80 | — | — | — | — | — | 14.56 | 18.00 | 51.81 | 17.51 |
| P/S Ratio | 3.35 | 2.02 | 0.59 | 0.70 | 0.52 | 0.70 | 0.68 | 0.98 | 1.05 | 1.62 | 1.34 |
| P/B Ratio | 22.13 | 12.42 | 1.83 | 1.93 | 1.15 | 1.22 | 1.26 | 1.94 | 2.18 | 3.07 | 2.51 |
| P/FCF | 66.98 | 40.34 | 21.18 | — | — | — | 11.36 | 24.70 | 21.81 | 41.69 | 23.64 |
| P/OCF | 38.62 | 23.25 | 15.34 | — | — | — | 9.09 | 17.71 | 15.32 | 26.82 | 17.33 |
P/E links to full P/E history page with 30-year chart
ATRO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Astronics Corporation's enterprise value stands at 33.1x EBITDA, 91% below its 5-year average of 367.6x. The Industrials sector median is 13.9x, placing the stock at a 138% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.44 | 0.82 | 0.97 | 0.82 | 1.04 | 0.99 | 1.22 | 1.32 | 2.03 | 1.54 |
| EV / EBITDA | 33.06 | 21.37 | 12.83 | 34.34 | — | 1401.71 | — | 27.12 | 10.72 | 22.32 | 9.88 |
| EV / EBIT | 42.51 | 47.17 | — | — | — | — | — | 73.73 | 16.62 | 41.74 | 13.05 |
| EV / FCF | — | 48.69 | 29.52 | — | — | — | 16.62 | 30.80 | 27.44 | 52.13 | 27.28 |
ATRO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Astronics Corporation earns an operating margin of 8.9%, above the Industrials sector average of 4.3%. Operating margins have expanded from -1.0% to 8.9% over the past 3 years, signaling improving operational efficiency. ROE of 14.8% is modest. ROIC of 12.2% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.9% | 29.9% | 21.2% | 17.5% | 13.4% | 14.7% | 19.3% | 20.2% | 22.5% | 22.0% | 25.2% |
| Operating Margin | 8.9% | 8.9% | 3.3% | -1.0% | -5.6% | -6.4% | -20.0% | 0.2% | 7.9% | 4.9% | 11.6% |
| Net Profit Margin | 3.4% | 3.4% | -2.0% | -3.8% | -6.7% | -5.7% | -23.0% | 6.7% | 5.8% | 3.2% | 7.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.8% | 14.8% | -6.4% | -10.8% | -14.4% | -9.7% | -35.1% | 13.4% | 13.1% | 5.9% | 15.2% |
| ROA | 4.3% | 4.3% | -2.5% | -4.2% | -5.8% | -4.2% | -16.5% | 6.7% | 6.2% | 2.9% | 8.0% |
| ROIC | 12.2% | 12.2% | 4.5% | -1.2% | -5.5% | -5.1% | -15.1% | 0.2% | 8.0% | 4.3% | 11.9% |
| ROCE | 14.4% | 14.4% | 5.3% | -1.4% | -6.3% | -5.6% | -17.0% | 0.3% | 10.0% | 5.3% | 14.3% |
ATRO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Astronics Corporation carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (19% above the sector average of 3.2x). Net debt stands at $360M ($378M total debt minus $18M cash). Interest coverage of 3.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.70 | 2.70 | 0.76 | 0.79 | 0.74 | 0.71 | 0.73 | 0.56 | 0.61 | 0.82 | 0.44 |
| Debt / EBITDA | 3.85 | 3.85 | 3.81 | 10.18 | — | 549.23 | — | 6.29 | 2.37 | 4.79 | 1.50 |
| Net Debt / Equity | — | 2.57 | 0.72 | 0.75 | 0.69 | 0.59 | 0.58 | 0.48 | 0.56 | 0.77 | 0.39 |
| Net Debt / EBITDA | 3.67 | 3.67 | 3.62 | 9.60 | — | 459.33 | — | 5.37 | 2.20 | 4.47 | 1.32 |
| Debt / FCF | — | 8.35 | 8.34 | — | — | — | 5.26 | 6.10 | 5.64 | 10.44 | 3.64 |
| Interest Coverage | 3.54 | 3.54 | -0.36 | — | — | — | -2.03 | 2.08 | 6.56 | 5.65 | 17.20 |
ATRO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Astronics Corporation's current ratio of 3.10x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.71x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.72x to 3.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.10 | 3.10 | 2.73 | 2.72 | 2.41 | 2.87 | 3.38 | 2.84 | 2.92 | 3.06 | 2.95 |
| Quick Ratio | 1.71 | 1.71 | 1.45 | 1.38 | 1.17 | 1.54 | 1.71 | 1.64 | 1.84 | 1.60 | 1.60 |
| Cash Ratio | 0.13 | 0.13 | 0.06 | 0.08 | 0.09 | 0.25 | 0.43 | 0.26 | 0.13 | 0.17 | 0.21 |
| Asset Turnover | — | 1.22 | 1.23 | 1.06 | 0.87 | 0.73 | 0.81 | 0.99 | 1.04 | 0.85 | 1.05 |
| Inventory Turnover | 3.07 | 3.07 | 3.14 | 2.96 | 2.46 | 2.41 | 2.58 | 4.23 | 4.49 | 3.24 | 4.06 |
| Days Sales Outstanding | — | 86.65 | 87.85 | 91.15 | 100.85 | 88.14 | 67.58 | 69.91 | 82.84 | 77.52 | 63.08 |
ATRO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Astronics Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.0% | 1.8% | — | — | — | — | — | 6.9% | 5.6% | 1.9% | 5.7% |
| FCF Yield | 1.5% | 2.5% | 4.7% | — | — | — | 8.8% | 4.0% | 4.6% | 2.4% | 4.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 6.7% | 0.0% | 3.2% | 2.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 6.7% | 0.0% | 3.2% | 2.1% |
| Shares Outstanding | — | $38M | $35M | $33M | $32M | $31M | $31M | $32M | $33M | $34M | $35M |
Peer Comparison
Compare ATRO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ATROYou | $3B | 99.5 | 33.1 | 67.0 | 29.9% | 8.9% | 14.8% | 12.2% | 3.9 |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 CW | $28B | 60.0 | 46.1 | 51.5 | 37.2% | 18.2% | 19.4% | 14.1% | 2.1 |
 DRS | $12B | 44.7 | 27.5 | 54.2 | 23.2% | 9.5% | 10.5% | 10.5% | 1.1 |
 TDG | $75B | 41.4 | 22.6 | 41.3 | 60.1% | 47.2% | — | 20.9% | 6.6 |
 HEI | $47B | 68.8 | 40.3 | 54.5 | 39.8% | 22.7% | 17.1% | 12.6% | 1.8 |
 WWD | $26B | 59.8 | 41.7 | 75.3 | 26.8% | 14.3% | 18.6% | 13.3% | 1.2 |
 DCO | $2B | -65.6 | 25.8 | — | 26.9% | 8.9% | -5.6% | 5.9% | 3.2 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 AIR | $5B | 385.4 | 26.2 | 3812.5 | 19.0% | 6.7% | 1.0% | 6.4% | 4.4 |
 SPR | $5B | -2.2 | — | — | -21.7% | -28.3% | — | -50.9% | — |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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ATRO — Frequently Asked Questions
Quick answers to the most common questions about buying ATRO stock.
What is Astronics Corporation's P/E ratio?
Astronics Corporation's current P/E ratio is 99.5x. The historical average is 17.1x. This places it at the 100th percentile of its historical range.
What is Astronics Corporation's EV/EBITDA?
Astronics Corporation's current EV/EBITDA is 33.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
What is Astronics Corporation's ROE?
Astronics Corporation's return on equity (ROE) is 14.8%. The historical average is 10.5%.
Is ATRO stock overvalued?
Based on historical data, Astronics Corporation is trading at a P/E of 99.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Astronics Corporation's profit margins?
Astronics Corporation has 29.9% gross margin and 8.9% operating margin.
How much debt does Astronics Corporation have?
Astronics Corporation's Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.