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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $240.1M, roughly 2.0× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 6.8%).
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.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
ATRO vs CODI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $468.6M |
| Net Profit | — | $-78.8M |
| Gross Margin | 33.3% | 43.1% |
| Operating Margin | 14.8% | 9.8% |
| Net Margin | — | -16.8% |
| Revenue YoY | 15.1% | -5.1% |
| Net Profit YoY | — | -14.4% |
| EPS (diluted) | $0.82 | $-0.91 |
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 | $468.6M | ||
| Q3 25 | $211.4M | $472.6M | ||
| Q2 25 | $204.7M | $478.7M | ||
| Q1 25 | $205.9M | $453.8M | ||
| Q4 24 | $208.5M | $493.9M | ||
| Q3 24 | $203.7M | $456.6M | ||
| Q2 24 | $198.1M | $426.7M | ||
| Q1 24 | $185.1M | $410.8M |
| Q4 25 | — | $-78.8M | ||
| Q3 25 | $-11.1M | $-74.0M | ||
| Q2 25 | $1.3M | $-51.2M | ||
| Q1 25 | $9.5M | $-30.0M | ||
| Q4 24 | — | $-68.9M | ||
| Q3 24 | $-11.7M | $-36.0M | ||
| Q2 24 | $1.5M | $-73.1M | ||
| Q1 24 | $-3.2M | $-56.2M |
| Q4 25 | 33.3% | 43.1% | ||
| Q3 25 | 30.5% | 44.0% | ||
| Q2 25 | 25.8% | 43.6% | ||
| Q1 25 | 29.5% | 43.2% | ||
| Q4 24 | 29.8% | 38.6% | ||
| Q3 24 | 27.1% | 43.1% | ||
| Q2 24 | 28.0% | 44.1% | ||
| Q1 24 | 25.7% | 42.6% |
| Q4 25 | 14.8% | 9.8% | ||
| Q3 25 | 10.9% | -2.3% | ||
| Q2 25 | 2.3% | -5.7% | ||
| Q1 25 | 6.4% | 0.8% | ||
| Q4 24 | 4.3% | -3.8% | ||
| Q3 24 | 4.1% | 1.8% | ||
| Q2 24 | 3.8% | 1.8% | ||
| Q1 24 | 0.9% | -2.9% |
| Q4 25 | — | -16.8% | ||
| Q3 25 | -5.2% | -15.7% | ||
| Q2 25 | 0.6% | -10.7% | ||
| Q1 25 | 4.6% | -6.6% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | -5.8% | -7.9% | ||
| Q2 24 | 0.8% | -17.1% | ||
| Q1 24 | -1.7% | -13.7% |
| Q4 25 | $0.82 | $-0.91 | ||
| Q3 25 | $-0.31 | $-1.21 | ||
| Q2 25 | $0.04 | $-0.88 | ||
| Q1 25 | $0.26 | $-0.59 | ||
| Q4 24 | $-0.07 | $-0.57 | ||
| Q3 24 | $-0.34 | $-0.62 | ||
| Q2 24 | $0.04 | $-1.12 | ||
| Q1 24 | $-0.09 | $-1.52 |
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 | $68.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $140.1M | $442.0M |
| Total Assets | $706.7M | $3.0B |
| Debt / EquityLower = less leverage | — | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $68.0M | ||
| Q3 25 | $13.5M | $61.1M | ||
| Q2 25 | $13.5M | $73.8M | ||
| Q1 25 | $24.8M | $146.2M | ||
| Q4 24 | $9.3M | $59.7M | ||
| Q3 24 | $5.2M | $64.9M | ||
| Q2 24 | $2.9M | $61.5M | ||
| Q1 24 | $5.3M | $59.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $140.1M | $442.0M | ||
| Q3 25 | $108.9M | $519.2M | ||
| Q2 25 | $271.6M | $601.9M | ||
| Q1 25 | $266.8M | $680.7M | ||
| Q4 24 | $256.1M | $678.6M | ||
| Q3 24 | $249.2M | $672.2M | ||
| Q2 24 | $257.9M | $711.3M | ||
| Q1 24 | $251.7M | $799.7M |
| Q4 25 | $706.7M | $3.0B | ||
| Q3 25 | $682.2M | $3.2B | ||
| Q2 25 | $646.7M | $3.3B | ||
| Q1 25 | $662.2M | $3.4B | ||
| Q4 24 | $648.8M | $3.3B | ||
| Q3 24 | $651.6M | $3.3B | ||
| Q2 24 | $644.9M | $3.2B | ||
| Q1 24 | $630.0M | $3.3B |
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× | ||
| Q1 24 | — | 2.15× |
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 | $47.0M |
| Free Cash FlowOCF − Capex | $15.8M | $36.9M |
| FCF MarginFCF / Revenue | 6.6% | 7.9% |
| Capex IntensityCapex / Revenue | 4.9% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $47.0M | ||
| Q3 25 | $34.2M | $10.7M | ||
| Q2 25 | $-7.6M | $-35.2M | ||
| Q1 25 | $20.6M | $-29.3M | ||
| Q4 24 | $26.4M | $-16.1M | ||
| Q3 24 | $8.4M | $-48.4M | ||
| Q2 24 | $-6.3M | $-61.3M | ||
| Q1 24 | $2.0M | $-25.4M |
| Q4 25 | $15.8M | $36.9M | ||
| Q3 25 | $21.0M | $481.0K | ||
| Q2 25 | $-12.2M | $-46.0M | ||
| Q1 25 | $18.5M | $-42.4M | ||
| Q4 24 | $23.2M | $-39.0M | ||
| Q3 24 | $6.5M | $-63.5M | ||
| Q2 24 | $-8.1M | $-72.2M | ||
| Q1 24 | $439.0K | $-33.1M |
| Q4 25 | 6.6% | 7.9% | ||
| Q3 25 | 9.9% | 0.1% | ||
| Q2 25 | -6.0% | -9.6% | ||
| Q1 25 | 9.0% | -9.4% | ||
| Q4 24 | 11.1% | -7.9% | ||
| Q3 24 | 3.2% | -13.9% | ||
| Q2 24 | -4.1% | -16.9% | ||
| Q1 24 | 0.2% | -8.1% |
| Q4 25 | 4.9% | 2.2% | ||
| Q3 25 | 6.2% | 2.2% | ||
| Q2 25 | 2.2% | 2.3% | ||
| Q1 25 | 1.0% | 2.9% | ||
| Q4 24 | 1.5% | 4.6% | ||
| Q3 24 | 0.9% | 3.3% | ||
| Q2 24 | 0.9% | 2.6% | ||
| Q1 24 | 0.9% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -5.81× | — | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.08× | — | ||
| Q1 24 | — | — |
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% |
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
