How profitable is Astronics Corporation (ATRO)?

In FY 2025 (10-K), ATRO converted $862.1M of revenue into a 29.9% gross margin, 8.9% operating margin, and $74.8M in free cash flow (8.7% FCF margin).

Stock Ratings / Industrials / ATRO / financials

DCO (37) FLY (20) RDW (31) AADX (42) ⌘ Pro Terminal →

Astronics Corporation (ATRO) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$59.95 +0.94% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $59.94

Astronics Corporation (ATRO) carries a Roarable Rating of D (Sell) with 49/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D • SELL / AVOID Cap $2.55B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on ATRO Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is ATRO stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

▼

As of 2026-11-03, Astronics Corporation (NASDAQ: ATRO) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 49/100 at a spot price of $59.95 (+0.94% 1D, market cap $2.55B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 3/20, and Executive Insider Alignment 11/20. Across 486 tracked Industrials issuers, ATRO ranks #235 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does ATRO compare to DCO and FLY in the Industrials sector?

▼

Within the Industrials sector (Military/Government/Technical), ATRO carries a Roarable D (49/100 RQD), trailing P/E of 92.1x, gross margin of 29.9%, and ROIC of 13.2%. By comparison, DCO (Ducommun Incorporated) holds a D- grade (37/100 RQD, P/E N/A, ROIC -3.1%, cap $2.42B) and FLY (Firefly Aerospace Inc.) posts a E grade (20/100 RQD, P/E N/A, ROIC -35.0%, cap $3.00B). Among the 5-stock peer group, ATRO leads on earnings multiple (92.1x) while ATRO leads on capital efficiency (13.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for ATRO?

▼

Per ATRO's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000008063), Astronics Corporation generated $862.1M in revenue (+8.4% YoY), $29.4M in net income, and $74.8M in free cash flow against $706.7M in total assets and $334.5M in total debt. Key quantitative strengths: Strong cash generator (29.9% gross margin)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $59.94 (-0.02%)🧬 Cannibal Buyback (-0.96% YoY Shares)⚙️ Cash Engine: 15/20 (B) • 8.7% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (49/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-5.4% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-4.1% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for ATRO)Realized 20D OHLCV Swing Band: ±9.8%

Deterministic 5-Pillar Attribution (49/100 Composite)

🔍 WHY ATRO SCORES 49/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+15/20 pts (31% of score)

SEC XBRL FY 2025 (10-K): 8.7% FCF Margin ($74.8M FCF) & 29.9% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+15/20 pts (31% of score)

Altman Z-Score 5.37 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9

▼ #1 Drag / Risk Factor: Macro Regime Fit4/20 pts (-16 pt drag)

Macro rate sensitivity & RSI-14 (41.4) create a -16 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$63.11-5.2% Next Q

Q2 (-2Q)

Grade C-$59.85+1.5% Next Q

Q3 (-1Q)

Grade C-$60.77-1.3% Next Q

Current

Grade D$59.95-5.4% Hist 90D α

Trajectory: C (57) → D (49)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a ATRO Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While ATRO currently carries a cautious 49/100 (D) rating due to Macro Regime Fit (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Strong cash generator (29.9% gross margin)—profits are backed by real money, not accounting tricks.

🚀 Contrarian Squeeze Trigger #2

Clean SEC annual filing review with no major hidden accounting time-bombs.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-0.96% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ATRO• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “ATRO Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 49%NO 51%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How ATRO Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$74.8M (8.7% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $689.2M

FY24

Rev $795.4M

FY25

Rev $862.1M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$862.1M	29.9%	8.9%	$29.4M	$74.8M	13.2%
FY 2024	$795.4M	27.7%	3.3%	-$16.2M	$30.6M	5%
FY 2023	$689.2M	29.9%	-1%	-$26.4M	-$23.9M	13.2%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ATRO)

✓Walkthrough of ATRO's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

ATRO // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +4.19%📐 HORIZONTAL RANGE

2026-11-03O $62.88H $62.88L $59.39C $59.95VOL 520.3K

RES: $104.1SUP: $55.39SMA50: $67.29SMA200: $66.22

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ATRO Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 ATRO Butterfly Map → + Track ATRO →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

48.0%/yr Implied 5Y Growth

vs. +8.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on ATRO today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for ATRO. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for ATRO today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ATRO)

Industrials Rank #235 of 486 ⚔️ DCO vs ATRO Full Matrix →

1. Head-to-Head Industrials Peer Comparison (ATRO vs. DCO, FLY, RDW, AADX)

Industry: Military/Government/Technical (43 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, Astronics Corporation (ATRO) ranks #235 by composite RQD confidence (49/100, grade D) and #193 by equity capitalization ($2.55B). Within this direct 5-issuer industry benchmark cohort, ATRO leads on earnings valuation at 92.1x trailing P/E, while ATRO leads on capital efficiency and profitability with 13.2% ROIC and 29.9% gross margin. ATRO currently leads its immediate peer cohort in composite quantitative strength at 49/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
ATRO ACTIVE Astronics Corporation	D	49/100	92.1x	29.9%	13.2%	+0.94%	$2.55B	Benchmark Subject
DCO Ducommun Incorporated	D-	37/100	—	26.9%	-3.1%	+2.10%	$2.42B	/dco-vs-atro →
FLY Firefly Aerospace Inc.	E	20/100	—	19.2%	-35.0%	-9.17%	$3.00B	/fly-vs-atro →
RDW Redwire Corporation	E	31/100	—	5.2%	-17.4%	-6.67%	$2.10B	/rdw-vs-atro →
AADX Applied Aerospace & Defense Inc.	D-	42/100	—	—	—	-0.18%	$1.92B	/aadx-vs-atro →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000008063 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Astronics Corporation (ATRO) reported GAAP revenue of $862.1M (+8.4% vs. FY2024 revenue of $795.4M , and +25.1% cumulative change since FY2023) , GAAP net income of $29.4M, operating cash flow of $74.8M, and free cash flow of $74.8M (+144.7% YoY). On the balance sheet, ATRO closed FY2025 with $706.7M in total assets against $334.5M in total debt (Altman Z-Score: 5.37, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$862.1M	$29.4M	$74.8M	$74.8M	$706.7M	$334.5M
FY2024 (FY)	2024-12-31	$795.4M	-$16.2M	$30.6M	$30.6M	$648.8M	$168.7M
FY2023 (FY)	2023-12-31	$689.2M	-$26.4M	-$23.9M	-$23.9M	—	—

3. ATRO Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ATRO stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does ATRO compare to DCO and FLY in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for ATRO?

Where is ATRO trading relative to its 50-day, 200-day, and 52-week technical levels?

ATRO last traded at $59.95 (+0.94% on volume of 387,388 shares), positioning the stock -10.91% below its 50-day simple moving average ($67.29) and -9.47% below its 200-day simple moving average ($66.22). Across its 52-week range of $33.12 to $94.46, ATRO sits at the 43.7% percentile with a 14-day RSI of 41.4 (NEUTRAL RANGE) and an implied next-earnings move of ±9.8% ($54.07 to $65.83).

Direct Sub-Reports: ATRO RQD Cockpit ATRO 12M Forecast ATRO Earnings & Move ATRO Dividends & DRIP ATRO Insiders & 13F ATRO Whale Options ATRO Profit Sankey ATRO News & Why

ROARABLE RATING BRIEF • RQD 49/100 (D) ✓ SEC XBRL & RQD VERIFIED

ATRO — Astronics Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Astronics Corporation (ATRO) earns a live Roarable RQD composite score of 49/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $59.95 (+0.94% 1D, market capitalization $2.55B).

Fundamental Cash Engine (15/20): Anchored by return on invested capital (ROIC) of 13.2%, gross margin of 29.9%, operating margin of 8.9%, and free cash flow yield of 2.77%.
Whale 13F & Options Flow (5/20) + Insider Conviction (11/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (3/20) + Forensic Balance Sheet (15/20): Incorporates a 1.00x equity beta, Altman Z-Score of 5.37, Piotroski F-Score of 8/9, and Debt/Equity of 2.39x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Astronics Corporation is a NASDAQ-listed issuer classified in the Industrials sector, within the Military/Government/Technical industry. Per the market data, its gross margin is 29.9% and its operating margin is 8.9%.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Astronics Corporation (ATRO) reported $862.1M in annual revenue (up from $795.4M in FY2024, +8.4% YoY) and $29.4M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($689.2M revenue, -$26.4M net income) through FY2025, ATRO scaled operating cash flow to $74.8M and free cash flow to $74.8M, backed by $706.7M in total assets against $334.5M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D • RQD 49/100): Strong cash generator (29.9% gross margin)—profits are backed by real money, not accounting tricks. Clean SEC annual filing review with no major hidden accounting time-bombs. With Fundamental Cash Engine at 15/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $33.12 – $94.46 52-week range.
🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 92.1x trailing P/E and 39.5x EV/EBITDA against 8.9% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The source data therefore does not establish upstream suppliers, downstream customers, or sector correlations.

Key Question #1: Can ATRO sustain or expand its 8.9% operating margin and 13.2% ROIC against Military/Government/Technical peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $862.1M and free cash flow of $74.8M, how will capital allocation balance growth reinvestment against $334.5M in total debt?
Key Question #3: How sensitive is ATRO's 85.7x forward P/E multiple to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

ATRO Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Astronics Corporation (ATRO) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to ATRO Debate Forum (3) ↓

🟢 CATALYST Seeking Alpha • 21h ago

Astronics: Marked Down After A Record Quarter - Buy (NASDAQ:ATRO)

Seeking Alpha report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Astronics Corporation Estimates – NASDAQ:ATRO

TradingView report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

Astronics (NasdaqGS:ATRO) Stock Forecast & Analyst Predictions

Simply Wall St report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH MarketBeat • 1d ago

Astronics (NASDAQ:ATRO) Stock Falls 3.9% - What's Next?

MarketBeat report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Astronics Corporation $ATRO Shares Bought by Assenagon Asset Management S.A.

MarketBeat report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Inspire Investing LLC Makes New Investment in Astronics Corporation $ATRO

MarketBeat report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH https://www.dars.gov.et/ • 1d ago

ATRO Q2 2026 Earnings: Narrow EPS Miss Leaves Shares Slightly Lower - ROIC Trend Report

https://www.dars.gov.et/ report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST MarketBeat • 1d ago

Astronics Corporation $ATRO Holdings Raised by West Branch Capital LLC

MarketBeat report covering Astronics Corporation (ATRO) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

ATRO Bull vs. Bear Conversation Board — What's Your Call at $59.95?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON ATRO 🐻 33% BEARISH CONVICTION

MI MidwestValue RQD DEBATE OPENER • Fundamental Long-Only 🐂 BULLISH 🎯 Target: $69.49 (+17.0%)

📌 Pinned Debate

Per the SEC financials, revenue rose to $862.1M in FY 2025 with FCF of $74.8M, supported by a 13.2% ROIC and Piotroski F-Score of 8/9.

The street is overcomplicating Astronics Corporation (ATRO). Per the SEC financials, revenue rose to $862.1M in FY 2025 with FCF of $74.8M, supported by a 13.2% ROIC and Piotroski F-Score of 8/9.. With an RQD score of 49/100 (D) and Forensic Balance Sheet at 15/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $64.14.

SectorRotator 🐂 BULL

@RiskArb_Desk Fair point on 92.1x trailing P/E, but you're ignoring the forward operating leverage in Military/Government/Technical. If gross margin (29.9%) holds, EPS grows into the multiple faster than bears think.

RI RiskArb_Desk RQD DEBATE OPENER • Hedged Event Driven 🐻 BEARISH 🎯 Target: $48.70 (-18.0%)

Spot @ $59.39

Per the market data, the trailing P/E of 92.1 and EV/EBITDA of 39.5 sit against a 2.77% FCF yield, with Macro Regime Fit scoring only 4

Per the market data, the trailing P/E of 92.1 and EV/EBITDA of 39.5 sit against a 2.77% FCF yield, with Macro Regime Fit scoring only 4/20.. Look at the math on ATRO: paying 92.1x trailing P/E for 13.2% ROIC and 8.9% operating margins leaves zero margin of safety if Military/Government/Technical demand softens. I'd wait for a retest of $52.26 before getting long.