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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and BLACKLINE, INC. (BL). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $183.2M, roughly 1.3× BLACKLINE, INC.). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 7.9%).
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.
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
ATRO vs BL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $183.2M |
| Net Profit | — | $4.9M |
| Gross Margin | 33.3% | 75.2% |
| Operating Margin | 14.8% | 3.7% |
| Net Margin | — | 2.7% |
| Revenue YoY | 15.1% | 8.1% |
| Net Profit YoY | — | -91.3% |
| EPS (diluted) | $0.82 | $0.07 |
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.
| Q4 25 | $240.1M | $183.2M | ||
| Q3 25 | $211.4M | $178.3M | ||
| Q2 25 | $204.7M | $172.0M | ||
| Q1 25 | $205.9M | $166.9M | ||
| Q4 24 | $208.5M | $169.5M | ||
| Q3 24 | $203.7M | $165.9M | ||
| Q2 24 | $198.1M | $160.5M | ||
| Q1 24 | $185.1M | $157.5M |
| Q4 25 | — | $4.9M | ||
| Q3 25 | $-11.1M | $5.3M | ||
| Q2 25 | $1.3M | $8.3M | ||
| Q1 25 | $9.5M | $6.1M | ||
| Q4 24 | — | $56.4M | ||
| Q3 24 | $-11.7M | $17.2M | ||
| Q2 24 | $1.5M | $76.7M | ||
| Q1 24 | $-3.2M | $10.8M |
| Q4 25 | 33.3% | 75.2% | ||
| Q3 25 | 30.5% | 75.1% | ||
| Q2 25 | 25.8% | 75.2% | ||
| Q1 25 | 29.5% | 75.5% | ||
| Q4 24 | 29.8% | 75.6% | ||
| Q3 24 | 27.1% | 75.2% | ||
| Q2 24 | 28.0% | 74.9% | ||
| Q1 24 | 25.7% | 75.2% |
| Q4 25 | 14.8% | 3.7% | ||
| Q3 25 | 10.9% | 4.3% | ||
| Q2 25 | 2.3% | 4.4% | ||
| Q1 25 | 6.4% | 2.1% | ||
| Q4 24 | 4.3% | 3.7% | ||
| Q3 24 | 4.1% | 5.0% | ||
| Q2 24 | 3.8% | 1.4% | ||
| Q1 24 | 0.9% | 1.1% |
| Q4 25 | — | 2.7% | ||
| Q3 25 | -5.2% | 3.0% | ||
| Q2 25 | 0.6% | 4.8% | ||
| Q1 25 | 4.6% | 3.6% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | -5.8% | 10.4% | ||
| Q2 24 | 0.8% | 47.8% | ||
| Q1 24 | -1.7% | 6.9% |
| Q4 25 | $0.82 | $0.07 | ||
| Q3 25 | $-0.31 | $0.09 | ||
| Q2 25 | $0.04 | $0.13 | ||
| Q1 25 | $0.26 | $0.10 | ||
| Q4 24 | $-0.07 | $0.79 | ||
| Q3 24 | $-0.34 | $0.27 | ||
| Q2 24 | $0.04 | $0.22 | ||
| Q1 24 | $-0.09 | $0.17 |
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 | $390.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $332.3M |
| Total Assets | $706.7M | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $390.0M | ||
| Q3 25 | $13.5M | $419.9M | ||
| Q2 25 | $13.5M | $459.1M | ||
| Q1 25 | $24.8M | $479.5M | ||
| Q4 24 | $9.3M | $885.9M | ||
| Q3 24 | $5.2M | $725.3M | ||
| Q2 24 | $2.9M | $616.6M | ||
| Q1 24 | $5.3M | $331.4M |
| Q4 25 | $140.1M | $332.3M | ||
| Q3 25 | $108.9M | $328.3M | ||
| Q2 25 | $271.6M | $414.0M | ||
| Q1 25 | $266.8M | $417.9M | ||
| Q4 24 | $256.1M | $446.7M | ||
| Q3 24 | $249.2M | $367.9M | ||
| Q2 24 | $257.9M | $325.8M | ||
| Q1 24 | $251.7M | $279.8M |
| Q4 25 | $706.7M | $1.8B | ||
| Q3 25 | $682.2M | $1.7B | ||
| Q2 25 | $646.7M | $1.8B | ||
| Q1 25 | $662.2M | $1.8B | ||
| Q4 24 | $648.8M | $1.8B | ||
| Q3 24 | $651.6M | $1.7B | ||
| Q2 24 | $644.9M | $1.9B | ||
| Q1 24 | $630.0M | $2.1B |
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 | $26.7M |
| Free Cash FlowOCF − Capex | $15.8M | $26.1M |
| FCF MarginFCF / Revenue | 6.6% | 14.2% |
| Capex IntensityCapex / Revenue | 4.9% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 5.46× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $161.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $26.7M | ||
| Q3 25 | $34.2M | $63.8M | ||
| Q2 25 | $-7.6M | $32.3M | ||
| Q1 25 | $20.6M | $46.7M | ||
| Q4 24 | $26.4M | $43.8M | ||
| Q3 24 | $8.4M | $55.9M | ||
| Q2 24 | $-6.3M | $40.7M | ||
| Q1 24 | $2.0M | $50.4M |
| Q4 25 | $15.8M | $26.1M | ||
| Q3 25 | $21.0M | $63.3M | ||
| Q2 25 | $-12.2M | $31.4M | ||
| Q1 25 | $18.5M | $40.8M | ||
| Q4 24 | $23.2M | $43.0M | ||
| Q3 24 | $6.5M | $55.5M | ||
| Q2 24 | $-8.1M | $40.0M | ||
| Q1 24 | $439.0K | $50.1M |
| Q4 25 | 6.6% | 14.2% | ||
| Q3 25 | 9.9% | 35.5% | ||
| Q2 25 | -6.0% | 18.2% | ||
| Q1 25 | 9.0% | 24.4% | ||
| Q4 24 | 11.1% | 25.4% | ||
| Q3 24 | 3.2% | 33.5% | ||
| Q2 24 | -4.1% | 24.9% | ||
| Q1 24 | 0.2% | 31.8% |
| Q4 25 | 4.9% | 0.3% | ||
| Q3 25 | 6.2% | 0.3% | ||
| Q2 25 | 2.2% | 0.6% | ||
| Q1 25 | 1.0% | 3.6% | ||
| Q4 24 | 1.5% | 0.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 0.9% | 0.4% | ||
| Q1 24 | 0.9% | 0.2% |
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 12.07× | ||
| Q2 25 | -5.81× | 3.90× | ||
| Q1 25 | 2.17× | 7.72× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | 3.24× | ||
| Q2 24 | -4.08× | 0.53× | ||
| Q1 24 | — | 4.66× |
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% |
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
