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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and BALCHEM CORP (BCPC). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $240.1M, roughly 1.1× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 8.1%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 7.5%).
Astronics Corporation is an American aerospace electronics corporation founded in 1968, headquartered in East Aurora, New York. It is traded on NASDAQ as Nasdaq: ATRO. It is known for lighting and electronics integrations on military, commercial, and business aircraft and semiconductor test systems.
Balchem Corp is a global specialty chemicals and nutritional ingredients provider that develops, manufactures and distributes application-specific products for human nutrition, animal health, pharmaceutical and industrial end markets, serving customers across North America, Europe and Asia Pacific.
ATRO vs BCPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $270.7M |
| Net Profit | — | $40.3M |
| Gross Margin | 33.3% | — |
| Operating Margin | 14.8% | 20.5% |
| Net Margin | — | 14.9% |
| Revenue YoY | 15.1% | 8.1% |
| Net Profit YoY | — | 8.7% |
| EPS (diluted) | $0.82 | $1.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $270.7M | ||
| Q4 25 | $240.1M | $263.6M | ||
| Q3 25 | $211.4M | $267.6M | ||
| Q2 25 | $204.7M | $255.5M | ||
| Q1 25 | $205.9M | $250.5M | ||
| Q4 24 | $208.5M | $240.0M | ||
| Q3 24 | $203.7M | $239.9M | ||
| Q2 24 | $198.1M | $234.1M |
| Q1 26 | — | $40.3M | ||
| Q4 25 | — | $39.2M | ||
| Q3 25 | $-11.1M | $40.3M | ||
| Q2 25 | $1.3M | $38.3M | ||
| Q1 25 | $9.5M | $37.1M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | $-11.7M | $33.8M | ||
| Q2 24 | $1.5M | $32.1M |
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 35.6% | ||
| Q3 25 | 30.5% | 35.7% | ||
| Q2 25 | 25.8% | 36.4% | ||
| Q1 25 | 29.5% | 35.2% | ||
| Q4 24 | 29.8% | 36.0% | ||
| Q3 24 | 27.1% | 35.6% | ||
| Q2 24 | 28.0% | 35.5% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 14.8% | 19.8% | ||
| Q3 25 | 10.9% | 20.4% | ||
| Q2 25 | 2.3% | 20.1% | ||
| Q1 25 | 6.4% | 20.4% | ||
| Q4 24 | 4.3% | 19.8% | ||
| Q3 24 | 4.1% | 20.0% | ||
| Q2 24 | 3.8% | 19.6% |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 14.9% | ||
| Q3 25 | -5.2% | 15.1% | ||
| Q2 25 | 0.6% | 15.0% | ||
| Q1 25 | 4.6% | 14.8% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | -5.8% | 14.1% | ||
| Q2 24 | 0.8% | 13.7% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $0.82 | $1.21 | ||
| Q3 25 | $-0.31 | $1.24 | ||
| Q2 25 | $0.04 | $1.17 | ||
| Q1 25 | $0.26 | $1.13 | ||
| Q4 24 | $-0.07 | $1.03 | ||
| Q3 24 | $-0.34 | $1.03 | ||
| Q2 24 | $0.04 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.2M | $72.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $1.3B |
| Total Assets | $706.7M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $72.9M | ||
| Q4 25 | $18.2M | $74.6M | ||
| Q3 25 | $13.5M | $65.1M | ||
| Q2 25 | $13.5M | $65.4M | ||
| Q1 25 | $24.8M | $49.9M | ||
| Q4 24 | $9.3M | $49.5M | ||
| Q3 24 | $5.2M | $73.7M | ||
| Q2 24 | $2.9M | $63.7M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $140.1M | $1.3B | ||
| Q3 25 | $108.9M | $1.3B | ||
| Q2 25 | $271.6M | $1.3B | ||
| Q1 25 | $266.8M | $1.2B | ||
| Q4 24 | $256.1M | $1.1B | ||
| Q3 24 | $249.2M | $1.2B | ||
| Q2 24 | $257.9M | $1.1B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $706.7M | $1.7B | ||
| Q3 25 | $682.2M | $1.7B | ||
| Q2 25 | $646.7M | $1.7B | ||
| Q1 25 | $662.2M | $1.6B | ||
| Q4 24 | $648.8M | $1.6B | ||
| Q3 24 | $651.6M | $1.6B | ||
| Q2 24 | $644.9M | $1.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.6M | $40.1M |
| Free Cash FlowOCF − Capex | $15.8M | $33.8M |
| FCF MarginFCF / Revenue | 6.6% | 12.5% |
| Capex IntensityCapex / Revenue | 4.9% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.1M | ||
| Q4 25 | $27.6M | $67.3M | ||
| Q3 25 | $34.2M | $65.6M | ||
| Q2 25 | $-7.6M | $47.3M | ||
| Q1 25 | $20.6M | $36.5M | ||
| Q4 24 | $26.4M | $52.3M | ||
| Q3 24 | $8.4M | $51.3M | ||
| Q2 24 | $-6.3M | $45.0M |
| Q1 26 | — | $33.8M | ||
| Q4 25 | $15.8M | — | ||
| Q3 25 | $21.0M | — | ||
| Q2 25 | $-12.2M | — | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $-8.1M | — |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | -6.0% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | -4.1% | — |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.9% | — |
| Q1 26 | — | 0.99× | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | -5.81× | 1.23× | ||
| Q1 25 | 2.17× | 0.98× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | -4.08× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATRO
| Product Line Electrical Power And Motion | $113.8M | 47% |
| Product Line Avionics | $32.0M | 13% |
| Military Aircraft | $28.0M | 12% |
| General Aviation | $22.3M | 9% |
| Government And Defense | $20.5M | 9% |
| Product Line Systems Certification | $13.2M | 6% |
| Product Line Structures | $3.7M | 2% |
| Product Line Other | $2.3M | 1% |
BCPC
Segment breakdown not available.
