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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $159.9M, roughly 1.5× INSTEEL INDUSTRIES INC). On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 15.1%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $-2.2M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 12.0%).
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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
ATRO vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $159.9M |
| Net Profit | — | $7.6M |
| Gross Margin | 33.3% | 11.3% |
| Operating Margin | 14.8% | 6.0% |
| Net Margin | — | 4.7% |
| Revenue YoY | 15.1% | 23.3% |
| Net Profit YoY | — | 602.4% |
| EPS (diluted) | $0.82 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $211.4M | $177.4M | ||
| Q2 25 | $204.7M | $179.9M | ||
| Q1 25 | $205.9M | $160.7M | ||
| Q4 24 | $208.5M | $129.7M | ||
| Q3 24 | $203.7M | $134.3M | ||
| Q2 24 | $198.1M | $145.8M | ||
| Q1 24 | $185.1M | $127.4M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $-11.1M | $14.6M | ||
| Q2 25 | $1.3M | $15.2M | ||
| Q1 25 | $9.5M | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | $-11.7M | $4.7M | ||
| Q2 24 | $1.5M | $6.6M | ||
| Q1 24 | $-3.2M | $6.9M |
| Q4 25 | 33.3% | 11.3% | ||
| Q3 25 | 30.5% | 16.1% | ||
| Q2 25 | 25.8% | 17.1% | ||
| Q1 25 | 29.5% | 15.3% | ||
| Q4 24 | 29.8% | 7.3% | ||
| Q3 24 | 27.1% | 9.1% | ||
| Q2 24 | 28.0% | 10.6% | ||
| Q1 24 | 25.7% | 12.3% |
| Q4 25 | 14.8% | 6.0% | ||
| Q3 25 | 10.9% | 10.8% | ||
| Q2 25 | 2.3% | 11.0% | ||
| Q1 25 | 6.4% | 8.3% | ||
| Q4 24 | 4.3% | 1.1% | ||
| Q3 24 | 4.1% | 4.5% | ||
| Q2 24 | 3.8% | 6.0% | ||
| Q1 24 | 0.9% | 7.0% |
| Q4 25 | — | 4.7% | ||
| Q3 25 | -5.2% | 8.2% | ||
| Q2 25 | 0.6% | 8.4% | ||
| Q1 25 | 4.6% | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | -5.8% | 3.5% | ||
| Q2 24 | 0.8% | 4.5% | ||
| Q1 24 | -1.7% | 5.4% |
| Q4 25 | $0.82 | $0.39 | ||
| Q3 25 | $-0.31 | $0.74 | ||
| Q2 25 | $0.04 | $0.78 | ||
| Q1 25 | $0.26 | $0.52 | ||
| Q4 24 | $-0.07 | $0.06 | ||
| Q3 24 | $-0.34 | $0.24 | ||
| Q2 24 | $0.04 | $0.34 | ||
| Q1 24 | $-0.09 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $358.8M |
| Total Assets | $706.7M | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $15.6M | ||
| Q3 25 | $13.5M | $38.6M | ||
| Q2 25 | $13.5M | $53.7M | ||
| Q1 25 | $24.8M | $28.4M | ||
| Q4 24 | $9.3M | $36.0M | ||
| Q3 24 | $5.2M | $111.5M | ||
| Q2 24 | $2.9M | $97.7M | ||
| Q1 24 | $5.3M | $83.9M |
| Q4 25 | $140.1M | $358.8M | ||
| Q3 25 | $108.9M | $371.5M | ||
| Q2 25 | $271.6M | $356.2M | ||
| Q1 25 | $266.8M | $341.4M | ||
| Q4 24 | $256.1M | $331.6M | ||
| Q3 24 | $249.2M | $350.9M | ||
| Q2 24 | $257.9M | $346.0M | ||
| Q1 24 | $251.7M | $340.6M |
| Q4 25 | $706.7M | $456.1M | ||
| Q3 25 | $682.2M | $462.6M | ||
| Q2 25 | $646.7M | $471.9M | ||
| Q1 25 | $662.2M | $421.9M | ||
| Q4 24 | $648.8M | $404.7M | ||
| Q3 24 | $651.6M | $422.6M | ||
| Q2 24 | $644.9M | $414.6M | ||
| Q1 24 | $630.0M | $397.2M |
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 | $-701.0K |
| Free Cash FlowOCF − Capex | $15.8M | $-2.2M |
| FCF MarginFCF / Revenue | 6.6% | -1.4% |
| Capex IntensityCapex / Revenue | 4.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $-701.0K | ||
| Q3 25 | $34.2M | $-17.0M | ||
| Q2 25 | $-7.6M | $28.5M | ||
| Q1 25 | $20.6M | $-3.3M | ||
| Q4 24 | $26.4M | $19.0M | ||
| Q3 24 | $8.4M | $16.2M | ||
| Q2 24 | $-6.3M | $18.8M | ||
| Q1 24 | $2.0M | $1.4M |
| Q4 25 | $15.8M | $-2.2M | ||
| Q3 25 | $21.0M | $-18.7M | ||
| Q2 25 | $-12.2M | $26.9M | ||
| Q1 25 | $18.5M | $-5.5M | ||
| Q4 24 | $23.2M | $16.3M | ||
| Q3 24 | $6.5M | $14.5M | ||
| Q2 24 | $-8.1M | $15.5M | ||
| Q1 24 | $439.0K | $-580.0K |
| Q4 25 | 6.6% | -1.4% | ||
| Q3 25 | 9.9% | -10.6% | ||
| Q2 25 | -6.0% | 15.0% | ||
| Q1 25 | 9.0% | -3.5% | ||
| Q4 24 | 11.1% | 12.6% | ||
| Q3 24 | 3.2% | 10.8% | ||
| Q2 24 | -4.1% | 10.7% | ||
| Q1 24 | 0.2% | -0.5% |
| Q4 25 | 4.9% | 0.9% | ||
| Q3 25 | 6.2% | 1.0% | ||
| Q2 25 | 2.2% | 0.9% | ||
| Q1 25 | 1.0% | 1.4% | ||
| Q4 24 | 1.5% | 2.1% | ||
| Q3 24 | 0.9% | 1.3% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | 0.9% | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | -5.81× | 1.88× | ||
| Q1 25 | 2.17× | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | -4.08× | 2.86× | ||
| Q1 24 | — | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
