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

INSMED Inc is the larger business by last-quarter revenue ($263.8M vs $240.1M, roughly 1.1× ASTRONICS CORP). On growth, INSMED Inc posted the faster year-over-year revenue change (152.6% vs 15.1%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $-264.2M). Over the past eight quarters, INSMED Inc's revenue compounded faster (86.9% CAGR vs 13.9%).

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.

Insmed Inc. is a global biopharmaceutical firm focused on developing and commercializing innovative therapies for patients with serious rare diseases that have high unmet medical needs. Its key offerings target pulmonary and endocrine rare disorders, serving markets across North America, Europe, and Asia Pacific.

ATRO vs INSM — Head-to-Head

Bigger by revenue
INSM
INSM
1.1× larger
INSM
$263.8M
$240.1M
ATRO
Growing faster (revenue YoY)
INSM
INSM
+137.5% gap
INSM
152.6%
15.1%
ATRO
More free cash flow
ATRO
ATRO
$280.0M more FCF
ATRO
$15.8M
$-264.2M
INSM
Faster 2-yr revenue CAGR
INSM
INSM
Annualised
INSM
86.9%
13.9%
ATRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRO
ATRO
INSM
INSM
Revenue
$240.1M
$263.8M
Net Profit
$-328.5M
Gross Margin
33.3%
83.2%
Operating Margin
14.8%
-121.2%
Net Margin
-124.5%
Revenue YoY
15.1%
152.6%
Net Profit YoY
-39.5%
EPS (diluted)
$0.82
$-1.55

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
INSM
INSM
Q4 25
$240.1M
$263.8M
Q3 25
$211.4M
$142.3M
Q2 25
$204.7M
$107.4M
Q1 25
$205.9M
$92.8M
Q4 24
$208.5M
$104.4M
Q3 24
$203.7M
$93.4M
Q2 24
$198.1M
$90.3M
Q1 24
$185.1M
$75.5M
Net Profit
ATRO
ATRO
INSM
INSM
Q4 25
$-328.5M
Q3 25
$-11.1M
$-370.0M
Q2 25
$1.3M
$-321.7M
Q1 25
$9.5M
$-256.6M
Q4 24
$-235.5M
Q3 24
$-11.7M
$-220.5M
Q2 24
$1.5M
$-300.6M
Q1 24
$-3.2M
$-157.1M
Gross Margin
ATRO
ATRO
INSM
INSM
Q4 25
33.3%
83.2%
Q3 25
30.5%
79.4%
Q2 25
25.8%
73.9%
Q1 25
29.5%
77.1%
Q4 24
29.8%
75.0%
Q3 24
27.1%
77.3%
Q2 24
28.0%
76.8%
Q1 24
25.7%
76.9%
Operating Margin
ATRO
ATRO
INSM
INSM
Q4 25
14.8%
-121.2%
Q3 25
10.9%
-257.1%
Q2 25
2.3%
-291.3%
Q1 25
6.4%
-267.3%
Q4 24
4.3%
-220.6%
Q3 24
4.1%
-228.4%
Q2 24
3.8%
-319.8%
Q1 24
0.9%
-192.7%
Net Margin
ATRO
ATRO
INSM
INSM
Q4 25
-124.5%
Q3 25
-5.2%
-260.0%
Q2 25
0.6%
-299.5%
Q1 25
4.6%
-276.4%
Q4 24
-225.5%
Q3 24
-5.8%
-236.0%
Q2 24
0.8%
-332.8%
Q1 24
-1.7%
-208.1%
EPS (diluted)
ATRO
ATRO
INSM
INSM
Q4 25
$0.82
$-1.55
Q3 25
$-0.31
$-1.75
Q2 25
$0.04
$-1.70
Q1 25
$0.26
$-1.42
Q4 24
$-0.07
$-1.30
Q3 24
$-0.34
$-1.27
Q2 24
$0.04
$-1.94
Q1 24
$-0.09
$-1.06

Balance Sheet & Financial Strength

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

Metric
ATRO
ATRO
INSM
INSM
Cash + ST InvestmentsLiquidity on hand
$18.2M
$1.4B
Total DebtLower is stronger
$546.8M
Stockholders' EquityBook value
$140.1M
$739.0M
Total Assets
$706.7M
$2.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRO
ATRO
INSM
INSM
Q4 25
$18.2M
$1.4B
Q3 25
$13.5M
$1.7B
Q2 25
$13.5M
$1.9B
Q1 25
$24.8M
$1.2B
Q4 24
$9.3M
$1.4B
Q3 24
$5.2M
$1.5B
Q2 24
$2.9M
$1.2B
Q1 24
$5.3M
$595.7M
Total Debt
ATRO
ATRO
INSM
INSM
Q4 25
$546.8M
Q3 25
$546.8M
Q2 25
$546.8M
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$971.8M
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
ATRO
ATRO
INSM
INSM
Q4 25
$140.1M
$739.0M
Q3 25
$108.9M
$945.6M
Q2 25
$271.6M
$1.2B
Q1 25
$266.8M
$99.2M
Q4 24
$256.1M
$285.4M
Q3 24
$249.2M
$483.4M
Q2 24
$257.9M
$38.8M
Q1 24
$251.7M
$-464.8M
Total Assets
ATRO
ATRO
INSM
INSM
Q4 25
$706.7M
$2.3B
Q3 25
$682.2M
$2.4B
Q2 25
$646.7M
$2.5B
Q1 25
$662.2M
$1.8B
Q4 24
$648.8M
$2.0B
Q3 24
$651.6M
$2.1B
Q2 24
$644.9M
$1.8B
Q1 24
$630.0M
$1.2B
Debt / Equity
ATRO
ATRO
INSM
INSM
Q4 25
0.74×
Q3 25
0.58×
Q2 25
0.44×
Q1 25
11.31×
Q4 24
3.93×
Q3 24
2.01×
Q2 24
30.66×
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
ATRO
ATRO
INSM
INSM
Operating Cash FlowLast quarter
$27.6M
$-247.6M
Free Cash FlowOCF − Capex
$15.8M
$-264.2M
FCF MarginFCF / Revenue
6.6%
-100.1%
Capex IntensityCapex / Revenue
4.9%
6.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$-967.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRO
ATRO
INSM
INSM
Q4 25
$27.6M
$-247.6M
Q3 25
$34.2M
$-219.8M
Q2 25
$-7.6M
$-205.6M
Q1 25
$20.6M
$-262.1M
Q4 24
$26.4M
$-196.0M
Q3 24
$8.4M
$-180.9M
Q2 24
$-6.3M
$-123.0M
Q1 24
$2.0M
$-184.0M
Free Cash Flow
ATRO
ATRO
INSM
INSM
Q4 25
$15.8M
$-264.2M
Q3 25
$21.0M
$-222.2M
Q2 25
$-12.2M
$-209.1M
Q1 25
$18.5M
$-272.2M
Q4 24
$23.2M
$-202.8M
Q3 24
$6.5M
$-184.6M
Q2 24
$-8.1M
$-129.7M
Q1 24
$439.0K
$-188.7M
FCF Margin
ATRO
ATRO
INSM
INSM
Q4 25
6.6%
-100.1%
Q3 25
9.9%
-156.1%
Q2 25
-6.0%
-194.6%
Q1 25
9.0%
-293.2%
Q4 24
11.1%
-194.1%
Q3 24
3.2%
-197.6%
Q2 24
-4.1%
-143.6%
Q1 24
0.2%
-250.0%
Capex Intensity
ATRO
ATRO
INSM
INSM
Q4 25
4.9%
6.3%
Q3 25
6.2%
1.7%
Q2 25
2.2%
3.2%
Q1 25
1.0%
10.8%
Q4 24
1.5%
6.5%
Q3 24
0.9%
3.9%
Q2 24
0.9%
7.5%
Q1 24
0.9%
6.2%
Cash Conversion
ATRO
ATRO
INSM
INSM
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%

INSM
INSM

Segment breakdown not available.

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