vs
Side-by-side financial comparison of ASTRONICS CORP (ATRO) and CSW INDUSTRIALS, INC. (CSW). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $233.0M, roughly 1.0× CSW INDUSTRIALS, INC.). On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 15.1%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 5.1%).
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.
ATRO vs CSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $233.0M |
| Net Profit | — | $10.3M |
| Gross Margin | 33.3% | 39.7% |
| Operating Margin | 14.8% | 7.4% |
| Net Margin | — | 4.4% |
| Revenue YoY | 15.1% | 20.3% |
| Net Profit YoY | — | -61.9% |
| EPS (diluted) | $0.82 | $0.62 |
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 | $233.0M | ||
| Q3 25 | $211.4M | $277.0M | ||
| Q2 25 | $204.7M | $263.6M | ||
| Q1 25 | $205.9M | $230.5M | ||
| Q4 24 | $208.5M | $193.6M | ||
| Q3 24 | $203.7M | $227.9M | ||
| Q2 24 | $198.1M | $226.2M | ||
| Q1 24 | $185.1M | $210.9M |
| Q4 25 | — | $10.3M | ||
| Q3 25 | $-11.1M | $40.7M | ||
| Q2 25 | $1.3M | $40.9M | ||
| Q1 25 | $9.5M | $35.1M | ||
| Q4 24 | — | $26.9M | ||
| Q3 24 | $-11.7M | $36.1M | ||
| Q2 24 | $1.5M | $38.6M | ||
| Q1 24 | $-3.2M | $31.8M |
| Q4 25 | 33.3% | 39.7% | ||
| Q3 25 | 30.5% | 43.0% | ||
| Q2 25 | 25.8% | 43.8% | ||
| Q1 25 | 29.5% | 44.2% | ||
| Q4 24 | 29.8% | 41.4% | ||
| Q3 24 | 27.1% | 45.6% | ||
| Q2 24 | 28.0% | 47.5% | ||
| Q1 24 | 25.7% | 44.4% |
| Q4 25 | 14.8% | 7.4% | ||
| Q3 25 | 10.9% | 20.5% | ||
| Q2 25 | 2.3% | 20.8% | ||
| Q1 25 | 6.4% | 19.5% | ||
| Q4 24 | 4.3% | 15.3% | ||
| Q3 24 | 4.1% | 22.6% | ||
| Q2 24 | 3.8% | 24.3% | ||
| Q1 24 | 0.9% | 21.0% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | -5.2% | 14.7% | ||
| Q2 25 | 0.6% | 15.5% | ||
| Q1 25 | 4.6% | 15.2% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | -5.8% | 15.8% | ||
| Q2 24 | 0.8% | 17.1% | ||
| Q1 24 | -1.7% | 15.1% |
| Q4 25 | $0.82 | $0.62 | ||
| Q3 25 | $-0.31 | $2.41 | ||
| Q2 25 | $0.04 | $2.43 | ||
| Q1 25 | $0.26 | $2.05 | ||
| Q4 24 | $-0.07 | $1.60 | ||
| Q3 24 | $-0.34 | $2.26 | ||
| Q2 24 | $0.04 | $2.47 | ||
| Q1 24 | $-0.09 | $2.03 |
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 | $40.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $1.1B |
| Total Assets | $706.7M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $40.2M | ||
| Q3 25 | $13.5M | $31.5M | ||
| Q2 25 | $13.5M | $38.0M | ||
| Q1 25 | $24.8M | $225.8M | ||
| Q4 24 | $9.3M | $213.8M | ||
| Q3 24 | $5.2M | $273.2M | ||
| Q2 24 | $2.9M | $18.9M | ||
| Q1 24 | $5.3M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $800.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $166.0M |
| Q4 25 | $140.1M | $1.1B | ||
| Q3 25 | $108.9M | $1.1B | ||
| Q2 25 | $271.6M | $1.1B | ||
| Q1 25 | $266.8M | $1.1B | ||
| Q4 24 | $256.1M | $1.0B | ||
| Q3 24 | $249.2M | $1.0B | ||
| Q2 24 | $257.9M | $650.2M | ||
| Q1 24 | $251.7M | $615.7M |
| Q4 25 | $706.7M | $2.3B | ||
| Q3 25 | $682.2M | $1.5B | ||
| Q2 25 | $646.7M | $1.5B | ||
| Q1 25 | $662.2M | $1.4B | ||
| Q4 24 | $648.8M | $1.4B | ||
| Q3 24 | $651.6M | $1.4B | ||
| Q2 24 | $644.9M | $1.1B | ||
| Q1 24 | $630.0M | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.27× |
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 | $28.9M |
| Free Cash FlowOCF − Capex | $15.8M | $22.7M |
| FCF MarginFCF / Revenue | 6.6% | 9.8% |
| Capex IntensityCapex / Revenue | 4.9% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $28.9M | ||
| Q3 25 | $34.2M | $61.8M | ||
| Q2 25 | $-7.6M | $60.6M | ||
| Q1 25 | $20.6M | $27.3M | ||
| Q4 24 | $26.4M | $11.6M | ||
| Q3 24 | $8.4M | $66.8M | ||
| Q2 24 | $-6.3M | $62.7M | ||
| Q1 24 | $2.0M | $22.4M |
| Q4 25 | $15.8M | $22.7M | ||
| Q3 25 | $21.0M | $58.7M | ||
| Q2 25 | $-12.2M | $57.7M | ||
| Q1 25 | $18.5M | $22.8M | ||
| Q4 24 | $23.2M | $8.5M | ||
| Q3 24 | $6.5M | $61.3M | ||
| Q2 24 | $-8.1M | $59.6M | ||
| Q1 24 | $439.0K | $17.5M |
| Q4 25 | 6.6% | 9.8% | ||
| Q3 25 | 9.9% | 21.2% | ||
| Q2 25 | -6.0% | 21.9% | ||
| Q1 25 | 9.0% | 9.9% | ||
| Q4 24 | 11.1% | 4.4% | ||
| Q3 24 | 3.2% | 26.9% | ||
| Q2 24 | -4.1% | 26.3% | ||
| Q1 24 | 0.2% | 8.3% |
| Q4 25 | 4.9% | 2.6% | ||
| Q3 25 | 6.2% | 1.1% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 1.0% | 2.0% | ||
| Q4 24 | 1.5% | 1.6% | ||
| Q3 24 | 0.9% | 2.4% | ||
| Q2 24 | 0.9% | 1.4% | ||
| Q1 24 | 0.9% | 2.3% |
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | -5.81× | 1.48× | ||
| Q1 25 | 2.17× | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | -4.08× | 1.62× | ||
| Q1 24 | — | 0.71× |
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% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
