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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and HCI Group, Inc. (HCI). Click either name above to swap in a different company.
HCI Group, Inc. is the larger business by last-quarter revenue ($246.2M vs $240.1M, roughly 1.0× ASTRONICS CORP). On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs 15.1%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 9.2%).
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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
ATRO vs HCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $246.2M |
| Net Profit | — | $97.7M |
| Gross Margin | 33.3% | — |
| Operating Margin | 14.8% | 58.5% |
| Net Margin | — | 39.7% |
| Revenue YoY | 15.1% | 52.1% |
| Net Profit YoY | — | 3679.2% |
| EPS (diluted) | $0.82 | $7.29 |
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 | $246.2M | ||
| Q3 25 | $211.4M | $216.3M | ||
| Q2 25 | $204.7M | $221.9M | ||
| Q1 25 | $205.9M | $216.4M | ||
| Q4 24 | $208.5M | $161.9M | ||
| Q3 24 | $203.7M | $175.3M | ||
| Q2 24 | $198.1M | $206.2M | ||
| Q1 24 | $185.1M | $206.6M |
| Q4 25 | — | $97.7M | ||
| Q3 25 | $-11.1M | $65.5M | ||
| Q2 25 | $1.3M | $66.2M | ||
| Q1 25 | $9.5M | $69.7M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | $-11.7M | $5.7M | ||
| Q2 24 | $1.5M | $54.1M | ||
| Q1 24 | $-3.2M | $47.6M |
| Q4 25 | 33.3% | — | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 25.8% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 28.0% | — | ||
| Q1 24 | 25.7% | — |
| Q4 25 | 14.8% | 58.5% | ||
| Q3 25 | 10.9% | 41.9% | ||
| Q2 25 | 2.3% | 42.5% | ||
| Q1 25 | 6.4% | 46.4% | ||
| Q4 24 | 4.3% | 3.6% | ||
| Q3 24 | 4.1% | 8.0% | ||
| Q2 24 | 3.8% | 36.9% | ||
| Q1 24 | 0.9% | 37.5% |
| Q4 25 | — | 39.7% | ||
| Q3 25 | -5.2% | 30.3% | ||
| Q2 25 | 0.6% | 29.8% | ||
| Q1 25 | 4.6% | 32.2% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | -5.8% | 3.2% | ||
| Q2 24 | 0.8% | 26.2% | ||
| Q1 24 | -1.7% | 23.0% |
| Q4 25 | $0.82 | $7.29 | ||
| Q3 25 | $-0.31 | $4.90 | ||
| Q2 25 | $0.04 | $5.18 | ||
| Q1 25 | $0.26 | $5.35 | ||
| Q4 24 | $-0.07 | $0.32 | ||
| Q3 24 | $-0.34 | $0.52 | ||
| Q2 24 | $0.04 | $4.24 | ||
| Q1 24 | $-0.09 | $3.81 |
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 | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $1.0B |
| Total Assets | $706.7M | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $1.2B | ||
| Q3 25 | $13.5M | $987.9M | ||
| Q2 25 | $13.5M | $947.2M | ||
| Q1 25 | $24.8M | $754.5M | ||
| Q4 24 | $9.3M | $532.5M | ||
| Q3 24 | $5.2M | $518.8M | ||
| Q2 24 | $2.9M | $445.8M | ||
| Q1 24 | $5.3M | $655.4M |
| Q4 25 | $140.1M | $1.0B | ||
| Q3 25 | $108.9M | $821.8M | ||
| Q2 25 | $271.6M | $758.6M | ||
| Q1 25 | $266.8M | $522.7M | ||
| Q4 24 | $256.1M | $453.3M | ||
| Q3 24 | $249.2M | $455.3M | ||
| Q2 24 | $257.9M | $447.3M | ||
| Q1 24 | $251.7M | $395.7M |
| Q4 25 | $706.7M | $2.5B | ||
| Q3 25 | $682.2M | $2.3B | ||
| Q2 25 | $646.7M | $2.4B | ||
| Q1 25 | $662.2M | $2.3B | ||
| Q4 24 | $648.8M | $2.2B | ||
| Q3 24 | $651.6M | $2.0B | ||
| Q2 24 | $644.9M | $1.9B | ||
| Q1 24 | $630.0M | $1.8B |
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 | $444.4M |
| Free Cash FlowOCF − Capex | $15.8M | $440.8M |
| FCF MarginFCF / Revenue | 6.6% | 179.0% |
| Capex IntensityCapex / Revenue | 4.9% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $444.4M | ||
| Q3 25 | $34.2M | $26.7M | ||
| Q2 25 | $-7.6M | $145.0M | ||
| Q1 25 | $20.6M | $162.0M | ||
| Q4 24 | $26.4M | $331.8M | ||
| Q3 24 | $8.4M | $104.1M | ||
| Q2 24 | $-6.3M | $-29.0M | ||
| Q1 24 | $2.0M | $182.0M |
| Q4 25 | $15.8M | $440.8M | ||
| Q3 25 | $21.0M | $25.9M | ||
| Q2 25 | $-12.2M | $144.5M | ||
| Q1 25 | $18.5M | $160.3M | ||
| Q4 24 | $23.2M | $327.8M | ||
| Q3 24 | $6.5M | $103.2M | ||
| Q2 24 | $-8.1M | $-30.1M | ||
| Q1 24 | $439.0K | $181.0M |
| Q4 25 | 6.6% | 179.0% | ||
| Q3 25 | 9.9% | 12.0% | ||
| Q2 25 | -6.0% | 65.1% | ||
| Q1 25 | 9.0% | 74.1% | ||
| Q4 24 | 11.1% | 202.5% | ||
| Q3 24 | 3.2% | 58.9% | ||
| Q2 24 | -4.1% | -14.6% | ||
| Q1 24 | 0.2% | 87.6% |
| Q4 25 | 4.9% | 1.5% | ||
| Q3 25 | 6.2% | 0.4% | ||
| Q2 25 | 2.2% | 0.2% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | 1.5% | 2.5% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 0.9% | 0.5% | ||
| Q1 24 | 0.9% | 0.5% |
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | -5.81× | 2.19× | ||
| Q1 25 | 2.17× | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | — | 18.33× | ||
| Q2 24 | -4.08× | -0.54× | ||
| Q1 24 | — | 3.82× |
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% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
