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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.

ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $172.6M, roughly 1.4× Fastly, Inc.). On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 15.1%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $12.2M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 13.7%).

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.

Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.

ATRO vs FSLY — Head-to-Head

Bigger by revenue
ATRO
ATRO
1.4× larger
ATRO
$240.1M
$172.6M
FSLY
Growing faster (revenue YoY)
FSLY
FSLY
+7.7% gap
FSLY
22.8%
15.1%
ATRO
More free cash flow
ATRO
ATRO
$3.6M more FCF
ATRO
$15.8M
$12.2M
FSLY
Faster 2-yr revenue CAGR
ATRO
ATRO
Annualised
ATRO
13.9%
13.7%
FSLY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRO
ATRO
FSLY
FSLY
Revenue
$240.1M
$172.6M
Net Profit
$-15.5M
Gross Margin
33.3%
61.4%
Operating Margin
14.8%
-8.7%
Net Margin
-9.0%
Revenue YoY
15.1%
22.8%
Net Profit YoY
52.9%
EPS (diluted)
$0.82
$-0.10

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.

Revenue
ATRO
ATRO
FSLY
FSLY
Q4 25
$240.1M
$172.6M
Q3 25
$211.4M
$158.2M
Q2 25
$204.7M
$148.7M
Q1 25
$205.9M
$144.5M
Q4 24
$208.5M
$140.6M
Q3 24
$203.7M
$137.2M
Q2 24
$198.1M
$132.4M
Q1 24
$185.1M
$133.5M
Net Profit
ATRO
ATRO
FSLY
FSLY
Q4 25
$-15.5M
Q3 25
$-11.1M
$-29.5M
Q2 25
$1.3M
$-37.5M
Q1 25
$9.5M
$-39.1M
Q4 24
$-32.9M
Q3 24
$-11.7M
$-38.0M
Q2 24
$1.5M
$-43.7M
Q1 24
$-3.2M
$-43.4M
Gross Margin
ATRO
ATRO
FSLY
FSLY
Q4 25
33.3%
61.4%
Q3 25
30.5%
58.4%
Q2 25
25.8%
54.5%
Q1 25
29.5%
53.2%
Q4 24
29.8%
53.4%
Q3 24
27.1%
54.5%
Q2 24
28.0%
55.1%
Q1 24
25.7%
54.8%
Operating Margin
ATRO
ATRO
FSLY
FSLY
Q4 25
14.8%
-8.7%
Q3 25
10.9%
-18.2%
Q2 25
2.3%
-24.8%
Q1 25
6.4%
-26.4%
Q4 24
4.3%
-24.4%
Q3 24
4.1%
-29.6%
Q2 24
3.8%
-35.3%
Q1 24
0.9%
-34.6%
Net Margin
ATRO
ATRO
FSLY
FSLY
Q4 25
-9.0%
Q3 25
-5.2%
-18.6%
Q2 25
0.6%
-25.2%
Q1 25
4.6%
-27.1%
Q4 24
-23.4%
Q3 24
-5.8%
-27.7%
Q2 24
0.8%
-33.0%
Q1 24
-1.7%
-32.5%
EPS (diluted)
ATRO
ATRO
FSLY
FSLY
Q4 25
$0.82
$-0.10
Q3 25
$-0.31
$-0.20
Q2 25
$0.04
$-0.26
Q1 25
$0.26
$-0.27
Q4 24
$-0.07
$-0.23
Q3 24
$-0.34
$-0.27
Q2 24
$0.04
$-0.32
Q1 24
$-0.09
$-0.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATRO
ATRO
FSLY
FSLY
Cash + ST InvestmentsLiquidity on hand
$18.2M
$361.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$140.1M
$929.6M
Total Assets
$706.7M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRO
ATRO
FSLY
FSLY
Q4 25
$18.2M
$361.8M
Q3 25
$13.5M
$342.9M
Q2 25
$13.5M
$321.2M
Q1 25
$24.8M
$307.3M
Q4 24
$9.3M
$295.9M
Q3 24
$5.2M
$308.2M
Q2 24
$2.9M
$311.8M
Q1 24
$5.3M
$329.5M
Stockholders' Equity
ATRO
ATRO
FSLY
FSLY
Q4 25
$140.1M
$929.6M
Q3 25
$108.9M
$937.0M
Q2 25
$271.6M
$942.6M
Q1 25
$266.8M
$957.0M
Q4 24
$256.1M
$965.3M
Q3 24
$249.2M
$969.5M
Q2 24
$257.9M
$981.2M
Q1 24
$251.7M
$991.8M
Total Assets
ATRO
ATRO
FSLY
FSLY
Q4 25
$706.7M
$1.5B
Q3 25
$682.2M
$1.5B
Q2 25
$646.7M
$1.5B
Q1 25
$662.2M
$1.4B
Q4 24
$648.8M
$1.5B
Q3 24
$651.6M
$1.5B
Q2 24
$644.9M
$1.5B
Q1 24
$630.0M
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATRO
ATRO
FSLY
FSLY
Operating Cash FlowLast quarter
$27.6M
$22.4M
Free Cash FlowOCF − Capex
$15.8M
$12.2M
FCF MarginFCF / Revenue
6.6%
7.1%
Capex IntensityCapex / Revenue
4.9%
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$65.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRO
ATRO
FSLY
FSLY
Q4 25
$27.6M
$22.4M
Q3 25
$34.2M
$28.9M
Q2 25
$-7.6M
$25.8M
Q1 25
$20.6M
$17.3M
Q4 24
$26.4M
$5.2M
Q3 24
$8.4M
$5.0M
Q2 24
$-6.3M
$-4.9M
Q1 24
$2.0M
$11.1M
Free Cash Flow
ATRO
ATRO
FSLY
FSLY
Q4 25
$15.8M
$12.2M
Q3 25
$21.0M
$22.9M
Q2 25
$-12.2M
$15.9M
Q1 25
$18.5M
$14.7M
Q4 24
$23.2M
$251.0K
Q3 24
$6.5M
$3.0M
Q2 24
$-8.1M
$-6.7M
Q1 24
$439.0K
$9.5M
FCF Margin
ATRO
ATRO
FSLY
FSLY
Q4 25
6.6%
7.1%
Q3 25
9.9%
14.5%
Q2 25
-6.0%
10.7%
Q1 25
9.0%
10.2%
Q4 24
11.1%
0.2%
Q3 24
3.2%
2.2%
Q2 24
-4.1%
-5.1%
Q1 24
0.2%
7.1%
Capex Intensity
ATRO
ATRO
FSLY
FSLY
Q4 25
4.9%
5.9%
Q3 25
6.2%
3.8%
Q2 25
2.2%
6.6%
Q1 25
1.0%
1.8%
Q4 24
1.5%
3.5%
Q3 24
0.9%
1.5%
Q2 24
0.9%
1.3%
Q1 24
0.9%
1.2%
Cash Conversion
ATRO
ATRO
FSLY
FSLY
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
ATRO

Product Line Electrical Power And Motion$113.8M47%
Product Line Avionics$32.0M13%
Military Aircraft$28.0M12%
General Aviation$22.3M9%
Government And Defense$20.5M9%
Product Line Systems Certification$13.2M6%
Product Line Structures$3.7M2%
Product Line Other$2.3M1%

FSLY
FSLY

Network Services$130.8M76%
Security$35.4M21%
Other$6.4M4%

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