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

MACERICH CO is the larger business by last-quarter revenue ($261.7M vs $240.1M, roughly 1.1× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -4.4%). 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.

The Macerich Company is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2024, the company owned interests in 43 properties comprising 43 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

ATRO vs MAC — Head-to-Head

Bigger by revenue
MAC
MAC
1.1× larger
MAC
$261.7M
$240.1M
ATRO
Growing faster (revenue YoY)
ATRO
ATRO
+19.5% gap
ATRO
15.1%
-4.4%
MAC
Faster 2-yr revenue CAGR
ATRO
ATRO
Annualised
ATRO
13.9%
12.0%
MAC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRO
ATRO
MAC
MAC
Revenue
$240.1M
$261.7M
Net Profit
$-18.8M
Gross Margin
33.3%
Operating Margin
14.8%
Net Margin
-7.2%
Revenue YoY
15.1%
-4.4%
Net Profit YoY
91.1%
EPS (diluted)
$0.82
$-0.08

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
MAC
MAC
Q4 25
$240.1M
$261.7M
Q3 25
$211.4M
$253.3M
Q2 25
$204.7M
$249.8M
Q1 25
$205.9M
$249.2M
Q4 24
$208.5M
$273.7M
Q3 24
$203.7M
$220.2M
Q2 24
$198.1M
$215.5M
Q1 24
$185.1M
$208.8M
Net Profit
ATRO
ATRO
MAC
MAC
Q4 25
$-18.8M
Q3 25
$-11.1M
$-87.4M
Q2 25
$1.3M
$-40.9M
Q1 25
$9.5M
$-50.1M
Q4 24
$-211.2M
Q3 24
$-11.7M
$-108.2M
Q2 24
$1.5M
$252.0M
Q1 24
$-3.2M
$-126.7M
Gross Margin
ATRO
ATRO
MAC
MAC
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%
Operating Margin
ATRO
ATRO
MAC
MAC
Q4 25
14.8%
Q3 25
10.9%
Q2 25
2.3%
Q1 25
6.4%
Q4 24
4.3%
Q3 24
4.1%
Q2 24
3.8%
Q1 24
0.9%
Net Margin
ATRO
ATRO
MAC
MAC
Q4 25
-7.2%
Q3 25
-5.2%
-34.5%
Q2 25
0.6%
-16.4%
Q1 25
4.6%
-20.1%
Q4 24
-77.2%
Q3 24
-5.8%
-49.1%
Q2 24
0.8%
116.9%
Q1 24
-1.7%
-60.7%
EPS (diluted)
ATRO
ATRO
MAC
MAC
Q4 25
$0.82
$-0.08
Q3 25
$-0.31
$-0.34
Q2 25
$0.04
$-0.16
Q1 25
$0.26
$-0.20
Q4 24
$-0.07
$-0.95
Q3 24
$-0.34
$-0.50
Q2 24
$0.04
$1.16
Q1 24
$-0.09
$-0.59

Balance Sheet & Financial Strength

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

Metric
ATRO
ATRO
MAC
MAC
Cash + ST InvestmentsLiquidity on hand
$18.2M
$280.2M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$140.1M
$2.4B
Total Assets
$706.7M
$8.4B
Debt / EquityLower = less leverage
2.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRO
ATRO
MAC
MAC
Q4 25
$18.2M
$280.2M
Q3 25
$13.5M
$290.2M
Q2 25
$13.5M
$131.1M
Q1 25
$24.8M
$253.2M
Q4 24
$9.3M
$89.9M
Q3 24
$5.2M
$116.5M
Q2 24
$2.9M
$70.7M
Q1 24
$5.3M
$120.1M
Total Debt
ATRO
ATRO
MAC
MAC
Q4 25
$5.1B
Q3 25
$5.1B
Q2 25
$5.2B
Q1 25
$5.2B
Q4 24
$4.9B
Q3 24
$4.3B
Q2 24
$4.4B
Q1 24
$4.1B
Stockholders' Equity
ATRO
ATRO
MAC
MAC
Q4 25
$140.1M
$2.4B
Q3 25
$108.9M
$2.5B
Q2 25
$271.6M
$2.6B
Q1 25
$266.8M
$2.7B
Q4 24
$256.1M
$2.8B
Q3 24
$249.2M
$2.5B
Q2 24
$257.9M
$2.5B
Q1 24
$251.7M
$2.3B
Total Assets
ATRO
ATRO
MAC
MAC
Q4 25
$706.7M
$8.4B
Q3 25
$682.2M
$8.4B
Q2 25
$646.7M
$8.7B
Q1 25
$662.2M
$8.7B
Q4 24
$648.8M
$8.6B
Q3 24
$651.6M
$7.6B
Q2 24
$644.9M
$7.8B
Q1 24
$630.0M
$7.4B
Debt / Equity
ATRO
ATRO
MAC
MAC
Q4 25
2.07×
Q3 25
2.02×
Q2 25
2.02×
Q1 25
1.96×
Q4 24
1.78×
Q3 24
1.73×
Q2 24
1.75×
Q1 24
1.79×

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
MAC
MAC
Operating Cash FlowLast quarter
$27.6M
$50.2M
Free Cash FlowOCF − Capex
$15.8M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRO
ATRO
MAC
MAC
Q4 25
$27.6M
$50.2M
Q3 25
$34.2M
$112.4M
Q2 25
$-7.6M
$70.5M
Q1 25
$20.6M
$88.5M
Q4 24
$26.4M
$54.9M
Q3 24
$8.4M
$100.0M
Q2 24
$-6.3M
$67.4M
Q1 24
$2.0M
$61.1M
Free Cash Flow
ATRO
ATRO
MAC
MAC
Q4 25
$15.8M
Q3 25
$21.0M
Q2 25
$-12.2M
Q1 25
$18.5M
Q4 24
$23.2M
Q3 24
$6.5M
Q2 24
$-8.1M
Q1 24
$439.0K
FCF Margin
ATRO
ATRO
MAC
MAC
Q4 25
6.6%
Q3 25
9.9%
Q2 25
-6.0%
Q1 25
9.0%
Q4 24
11.1%
Q3 24
3.2%
Q2 24
-4.1%
Q1 24
0.2%
Capex Intensity
ATRO
ATRO
MAC
MAC
Q4 25
4.9%
Q3 25
6.2%
Q2 25
2.2%
Q1 25
1.0%
Q4 24
1.5%
Q3 24
0.9%
Q2 24
0.9%
Q1 24
0.9%
Cash Conversion
ATRO
ATRO
MAC
MAC
Q4 25
Q3 25
Q2 25
-5.81×
Q1 25
2.17×
Q4 24
Q3 24
Q2 24
-4.08×
0.27×
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%

MAC
MAC

Segment breakdown not available.

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