Is the business good?
How good a business is ATRO?
Astronics Corporation earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
15%
Return on invested capital · cost of capital 9.0% · 5.8 points above what the capital costs: growth creates value
- Operating margin
- 10%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q1 2026
- Cash conversion
- 0.53×
Cash conversion · some of the reported profit has not turned into cash yet
- Share count, year on year
- −11%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −20% |
| FY2021 | −6.4% |
| FY2022 | −5.6% |
| FY2023 | −0.97% |
| FY2024 | 3.3% |
| FY2025 | 8.9% |
Details›
- Gross margin12 months to Q1 2026
- 31%
- Operating margin12 months to Q1 2026
- 10%
- Net margin12 months to Q1 2026
- 5.1%
- Free cash flow margin
- 2.7%
- R&D as % of revenue
- 5.0%
- Revenue, trailing twelve months
- $887M
- Free cash flow, trailing twelve months
- $24M
- Net income, trailing twelve months
- $45M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Aerospace & Defense
Ranks #21 of 48 by Smart Score