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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and CORVEL CORP (CRVL). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $235.6M, roughly 1.0× CORVEL CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 3.4%). CORVEL CORP produced more free cash flow last quarter ($35.2M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 6.6%).
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.
Corvel Corp is a U.S.-headquartered provider of integrated workers’ compensation, healthcare management, and risk mitigation solutions. It serves insurance carriers, self-insured employers, and public sector clients, delivering services to control healthcare costs, improve care outcomes, and optimize administrative operations.
ATRO vs CRVL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $235.6M |
| Net Profit | — | $24.2M |
| Gross Margin | 33.3% | 23.3% |
| Operating Margin | 14.8% | 13.7% |
| Net Margin | — | 10.3% |
| Revenue YoY | 15.1% | 3.4% |
| Net Profit YoY | — | 1.7% |
| EPS (diluted) | $0.82 | $0.47 |
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 | $235.6M | ||
| Q3 25 | $211.4M | $239.6M | ||
| Q2 25 | $204.7M | $234.7M | ||
| Q1 25 | $205.9M | $231.5M | ||
| Q4 24 | $208.5M | $228.0M | ||
| Q3 24 | $203.7M | $224.4M | ||
| Q2 24 | $198.1M | $211.7M | ||
| Q1 24 | $185.1M | $207.2M |
| Q4 25 | — | $24.2M | ||
| Q3 25 | $-11.1M | $27.9M | ||
| Q2 25 | $1.3M | $27.2M | ||
| Q1 25 | $9.5M | $26.4M | ||
| Q4 24 | — | $23.8M | ||
| Q3 24 | $-11.7M | $23.4M | ||
| Q2 24 | $1.5M | $21.6M | ||
| Q1 24 | $-3.2M | $19.5M |
| Q4 25 | 33.3% | 23.3% | ||
| Q3 25 | 30.5% | 24.3% | ||
| Q2 25 | 25.8% | 24.2% | ||
| Q1 25 | 29.5% | 25.0% | ||
| Q4 24 | 29.8% | 23.2% | ||
| Q3 24 | 27.1% | 22.6% | ||
| Q2 24 | 28.0% | 22.7% | ||
| Q1 24 | 25.7% | 20.9% |
| Q4 25 | 14.8% | 13.7% | ||
| Q3 25 | 10.9% | 15.0% | ||
| Q2 25 | 2.3% | 15.0% | ||
| Q1 25 | 6.4% | 14.4% | ||
| Q4 24 | 4.3% | 13.5% | ||
| Q3 24 | 4.1% | 12.8% | ||
| Q2 24 | 3.8% | 13.2% | ||
| Q1 24 | 0.9% | 10.9% |
| Q4 25 | — | 10.3% | ||
| Q3 25 | -5.2% | 11.6% | ||
| Q2 25 | 0.6% | 11.6% | ||
| Q1 25 | 4.6% | 11.4% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | -5.8% | 10.4% | ||
| Q2 24 | 0.8% | 10.2% | ||
| Q1 24 | -1.7% | 9.4% |
| Q4 25 | $0.82 | $0.47 | ||
| Q3 25 | $-0.31 | $0.54 | ||
| Q2 25 | $0.04 | $0.52 | ||
| Q1 25 | $0.26 | $-1.23 | ||
| Q4 24 | $-0.07 | $0.46 | ||
| Q3 24 | $-0.34 | $1.35 | ||
| Q2 24 | $0.04 | $1.25 | ||
| Q1 24 | $-0.09 | $1.12 |
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 | $230.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $375.7M |
| Total Assets | $706.7M | $644.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $230.0M | ||
| Q3 25 | $13.5M | $207.5M | ||
| Q2 25 | $13.5M | $202.0M | ||
| Q1 25 | $24.8M | $170.6M | ||
| Q4 24 | $9.3M | $162.9M | ||
| Q3 24 | $5.2M | $138.3M | ||
| Q2 24 | $2.9M | $131.9M | ||
| Q1 24 | $5.3M | $105.6M |
| Q4 25 | $140.1M | $375.7M | ||
| Q3 25 | $108.9M | $362.8M | ||
| Q2 25 | $271.6M | $342.5M | ||
| Q1 25 | $266.8M | $322.0M | ||
| Q4 24 | $256.1M | $300.9M | ||
| Q3 24 | $249.2M | $282.8M | ||
| Q2 24 | $257.9M | $263.9M | ||
| Q1 24 | $251.7M | $247.6M |
| Q4 25 | $706.7M | $644.8M | ||
| Q3 25 | $682.2M | $611.7M | ||
| Q2 25 | $646.7M | $597.4M | ||
| Q1 25 | $662.2M | $546.0M | ||
| Q4 24 | $648.8M | $538.8M | ||
| Q3 24 | $651.6M | $518.6M | ||
| Q2 24 | $644.9M | $486.2M | ||
| Q1 24 | $630.0M | $454.7M |
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 | $46.1M |
| Free Cash FlowOCF − Capex | $15.8M | $35.2M |
| FCF MarginFCF / Revenue | 6.6% | 14.9% |
| Capex IntensityCapex / Revenue | 4.9% | 4.7% |
| Cash ConversionOCF / Net Profit | — | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $104.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $46.1M | ||
| Q3 25 | $34.2M | $25.0M | ||
| Q2 25 | $-7.6M | $55.0M | ||
| Q1 25 | $20.6M | $22.9M | ||
| Q4 24 | $26.4M | $41.6M | ||
| Q3 24 | $8.4M | $22.3M | ||
| Q2 24 | $-6.3M | $40.4M | ||
| Q1 24 | $2.0M | $15.2M |
| Q4 25 | $15.8M | $35.2M | ||
| Q3 25 | $21.0M | $15.3M | ||
| Q2 25 | $-12.2M | $39.5M | ||
| Q1 25 | $18.5M | $14.3M | ||
| Q4 24 | $23.2M | $32.1M | ||
| Q3 24 | $6.5M | $12.4M | ||
| Q2 24 | $-8.1M | $32.8M | ||
| Q1 24 | $439.0K | $5.2M |
| Q4 25 | 6.6% | 14.9% | ||
| Q3 25 | 9.9% | 6.4% | ||
| Q2 25 | -6.0% | 16.8% | ||
| Q1 25 | 9.0% | 6.2% | ||
| Q4 24 | 11.1% | 14.1% | ||
| Q3 24 | 3.2% | 5.5% | ||
| Q2 24 | -4.1% | 15.5% | ||
| Q1 24 | 0.2% | 2.5% |
| Q4 25 | 4.9% | 4.7% | ||
| Q3 25 | 6.2% | 4.1% | ||
| Q2 25 | 2.2% | 6.6% | ||
| Q1 25 | 1.0% | 3.7% | ||
| Q4 24 | 1.5% | 4.2% | ||
| Q3 24 | 0.9% | 4.4% | ||
| Q2 24 | 0.9% | 3.6% | ||
| Q1 24 | 0.9% | 4.8% |
| Q4 25 | — | 1.91× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | -5.81× | 2.02× | ||
| Q1 25 | 2.17× | 0.87× | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | -4.08× | 1.87× | ||
| Q1 24 | — | 0.78× |
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% |
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
