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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and CPI AEROSTRUCTURES INC (CVU). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $19.4M, roughly 12.4× CPI AEROSTRUCTURES INC). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -10.8%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $-2.1M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 0.9%).
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.
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft component manufacturer based in Edgewood, New York.
ATRO vs CVU — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $19.4M |
| Net Profit | — | $691.8K |
| Gross Margin | 33.3% | 20.3% |
| Operating Margin | 14.8% | 6.4% |
| Net Margin | — | 3.6% |
| Revenue YoY | 15.1% | -10.8% |
| Net Profit YoY | — | -28.8% |
| EPS (diluted) | $0.82 | $0.04 |
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 | $19.4M | ||
| Q3 25 | $211.4M | $19.3M | ||
| Q2 25 | $204.7M | $15.2M | ||
| Q1 25 | $205.9M | $15.4M | ||
| Q4 24 | $208.5M | $21.8M | ||
| Q3 24 | $203.7M | $19.4M | ||
| Q2 24 | $198.1M | $20.8M | ||
| Q1 24 | $185.1M | $19.1M |
| Q4 25 | — | $691.8K | ||
| Q3 25 | $-11.1M | $1.1M | ||
| Q2 25 | $1.3M | $-1.3M | ||
| Q1 25 | $9.5M | $-1.3M | ||
| Q4 24 | — | $971.5K | ||
| Q3 24 | $-11.7M | $749.7K | ||
| Q2 24 | $1.5M | $1.4M | ||
| Q1 24 | $-3.2M | $168.2K |
| Q4 25 | 33.3% | 20.3% | ||
| Q3 25 | 30.5% | 22.3% | ||
| Q2 25 | 25.8% | 4.4% | ||
| Q1 25 | 29.5% | 10.7% | ||
| Q4 24 | 29.8% | 20.0% | ||
| Q3 24 | 27.1% | 21.7% | ||
| Q2 24 | 28.0% | 24.6% | ||
| Q1 24 | 25.7% | 18.6% |
| Q4 25 | 14.8% | 6.4% | ||
| Q3 25 | 10.9% | 9.1% | ||
| Q2 25 | 2.3% | -13.1% | ||
| Q1 25 | 6.4% | -7.7% | ||
| Q4 24 | 4.3% | 9.5% | ||
| Q3 24 | 4.1% | 7.6% | ||
| Q2 24 | 3.8% | 11.2% | ||
| Q1 24 | 0.9% | 4.4% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | -5.2% | 5.8% | ||
| Q2 25 | 0.6% | -8.7% | ||
| Q1 25 | 4.6% | -8.6% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | -5.8% | 3.9% | ||
| Q2 24 | 0.8% | 6.8% | ||
| Q1 24 | -1.7% | 0.9% |
| Q4 25 | $0.82 | $0.04 | ||
| Q3 25 | $-0.31 | $0.09 | ||
| Q2 25 | $0.04 | $-0.10 | ||
| Q1 25 | $0.26 | $-0.10 | ||
| Q4 24 | $-0.07 | $0.08 | ||
| Q3 24 | $-0.34 | $0.06 | ||
| Q2 24 | $0.04 | $0.11 | ||
| Q1 24 | $-0.09 | $0.01 |
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 | — |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $140.1M | $25.8M |
| Total Assets | $706.7M | $75.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | — | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $13.5M | — | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $9.3M | — | ||
| Q3 24 | $5.2M | — | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $5.3M | — |
| Q4 25 | — | $0 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $26.5K | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $140.1M | $25.8M | ||
| Q3 25 | $108.9M | $25.0M | ||
| Q2 25 | $271.6M | $23.8M | ||
| Q1 25 | $266.8M | $24.9M | ||
| Q4 24 | $256.1M | $25.9M | ||
| Q3 24 | $249.2M | $24.9M | ||
| Q2 24 | $257.9M | $24.1M | ||
| Q1 24 | $251.7M | $22.5M |
| Q4 25 | $706.7M | $75.2M | ||
| Q3 25 | $682.2M | $74.1M | ||
| Q2 25 | $646.7M | $72.3M | ||
| Q1 25 | $662.2M | $65.4M | ||
| Q4 24 | $648.8M | $68.0M | ||
| Q3 24 | $651.6M | $68.9M | ||
| Q2 24 | $644.9M | $70.2M | ||
| Q1 24 | $630.0M | $70.8M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-2.1M |
| Free Cash FlowOCF − Capex | $15.8M | $-2.1M |
| FCF MarginFCF / Revenue | 6.6% | -10.8% |
| Capex IntensityCapex / Revenue | 4.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $-5.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $-2.1M | ||
| Q3 25 | $34.2M | $212.1K | ||
| Q2 25 | $-7.6M | $-596.3K | ||
| Q1 25 | $20.6M | $-2.7M | ||
| Q4 24 | $26.4M | $4.4M | ||
| Q3 24 | $8.4M | $715.1K | ||
| Q2 24 | $-6.3M | $-591.7K | ||
| Q1 24 | $2.0M | $-960.5K |
| Q4 25 | $15.8M | $-2.1M | ||
| Q3 25 | $21.0M | $211.1K | ||
| Q2 25 | $-12.2M | $-599.8K | ||
| Q1 25 | $18.5M | $-2.8M | ||
| Q4 24 | $23.2M | $4.3M | ||
| Q3 24 | $6.5M | $586.9K | ||
| Q2 24 | $-8.1M | $-746.9K | ||
| Q1 24 | $439.0K | $-1.0M |
| Q4 25 | 6.6% | -10.8% | ||
| Q3 25 | 9.9% | 1.1% | ||
| Q2 25 | -6.0% | -4.0% | ||
| Q1 25 | 9.0% | -18.1% | ||
| Q4 24 | 11.1% | 19.9% | ||
| Q3 24 | 3.2% | 3.0% | ||
| Q2 24 | -4.1% | -3.6% | ||
| Q1 24 | 0.2% | -5.3% |
| Q4 25 | 4.9% | 0.0% | ||
| Q3 25 | 6.2% | 0.0% | ||
| Q2 25 | 2.2% | 0.0% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 1.5% | 0.3% | ||
| Q3 24 | 0.9% | 0.7% | ||
| Q2 24 | 0.9% | 0.7% | ||
| Q1 24 | 0.9% | 0.2% |
| Q4 25 | — | -3.03× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | -5.81× | — | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | — | 4.53× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | -4.08× | -0.42× | ||
| Q1 24 | — | -5.71× |
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% |
CVU
| Government Subcontracts | $16.4M | 85% |
| Commercial Contracts | $2.3M | 12% |
| Prime Government Contracts | $725.8K | 4% |
