vs
Side-by-side financial comparison of ASTRONICS CORP (ATRO) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $240.1M, roughly 1.8× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 1.7%). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 12.1%).
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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
ATRO vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $425.9M |
| Net Profit | — | $152.0M |
| Gross Margin | 33.3% | — |
| Operating Margin | 14.8% | 81.5% |
| Net Margin | — | 35.7% |
| Revenue YoY | 15.1% | 1.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.82 | $1.59 |
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.
| Q1 26 | — | $425.9M | ||
| Q4 25 | $240.1M | $637.9M | ||
| Q3 25 | $211.4M | $443.1M | ||
| Q2 25 | $204.7M | $527.4M | ||
| Q1 25 | $205.9M | $734.8M | ||
| Q4 24 | $208.5M | $513.8M | ||
| Q3 24 | $203.7M | $310.0M | ||
| Q2 24 | $198.1M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | — | $181.6M | ||
| Q3 25 | $-11.1M | $107.3M | ||
| Q2 25 | $1.3M | $149.8M | ||
| Q1 25 | $9.5M | $216.4M | ||
| Q4 24 | — | $45.0M | ||
| Q3 24 | $-11.7M | $-167.6M | ||
| Q2 24 | $1.5M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 86.6% | ||
| Q3 25 | 30.5% | — | ||
| Q2 25 | 25.8% | 94.7% | ||
| Q1 25 | 29.5% | 81.6% | ||
| Q4 24 | 29.8% | 87.3% | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 28.0% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 14.8% | 43.3% | ||
| Q3 25 | 10.9% | 40.6% | ||
| Q2 25 | 2.3% | 43.7% | ||
| Q1 25 | 6.4% | 43.2% | ||
| Q4 24 | 4.3% | 16.8% | ||
| Q3 24 | 4.1% | -63.4% | ||
| Q2 24 | 3.8% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | -5.2% | 24.2% | ||
| Q2 25 | 0.6% | 28.4% | ||
| Q1 25 | 4.6% | 29.4% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | -5.8% | -54.1% | ||
| Q2 24 | 0.8% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.82 | $1.98 | ||
| Q3 25 | $-0.31 | $1.18 | ||
| Q2 25 | $0.04 | $1.64 | ||
| Q1 25 | $0.26 | $2.37 | ||
| Q4 24 | $-0.07 | $0.49 | ||
| Q3 24 | $-0.34 | $-1.81 | ||
| Q2 24 | $0.04 | $-0.59 |
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 | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $140.1M | — |
| Total Assets | $706.7M | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.2M | $271.4M | ||
| Q3 25 | $13.5M | $43.2M | ||
| Q2 25 | $13.5M | $39.3M | ||
| Q1 25 | $24.8M | $40.0M | ||
| Q4 24 | $9.3M | $48.7M | ||
| Q3 24 | $5.2M | $38.2M | ||
| Q2 24 | $2.9M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $140.1M | $3.6B | ||
| Q3 25 | $108.9M | $3.1B | ||
| Q2 25 | $271.6M | $3.0B | ||
| Q1 25 | $266.8M | $2.8B | ||
| Q4 24 | $256.1M | $-76.2M | ||
| Q3 24 | $249.2M | $-15.5M | ||
| Q2 24 | $257.9M | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $706.7M | $9.2B | ||
| Q3 25 | $682.2M | $8.7B | ||
| Q2 25 | $646.7M | $8.4B | ||
| Q1 25 | $662.2M | $8.5B | ||
| Q4 24 | $648.8M | $8.3B | ||
| Q3 24 | $651.6M | $8.3B | ||
| Q2 24 | $644.9M | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| Free Cash FlowOCF − Capex | $15.8M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 4.9% | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $27.6M | $274.9M | ||
| Q3 25 | $34.2M | $237.8M | ||
| Q2 25 | $-7.6M | $388.4M | ||
| Q1 25 | $20.6M | $253.8M | ||
| Q4 24 | $26.4M | $220.1M | ||
| Q3 24 | $8.4M | $197.9M | ||
| Q2 24 | $-6.3M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $15.8M | $-2.7M | ||
| Q3 25 | $21.0M | $-47.8M | ||
| Q2 25 | $-12.2M | $195.3M | ||
| Q1 25 | $18.5M | $59.9M | ||
| Q4 24 | $23.2M | $-20.3M | ||
| Q3 24 | $6.5M | $-49.1M | ||
| Q2 24 | $-8.1M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -0.4% | ||
| Q3 25 | 9.9% | -10.8% | ||
| Q2 25 | -6.0% | 37.0% | ||
| Q1 25 | 9.0% | 8.2% | ||
| Q4 24 | 11.1% | -4.0% | ||
| Q3 24 | 3.2% | -15.8% | ||
| Q2 24 | -4.1% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 4.9% | 43.5% | ||
| Q3 25 | 6.2% | 64.4% | ||
| Q2 25 | 2.2% | 36.6% | ||
| Q1 25 | 1.0% | 26.4% | ||
| Q4 24 | 1.5% | 46.8% | ||
| Q3 24 | 0.9% | 79.7% | ||
| Q2 24 | 0.9% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | -5.81× | 2.59× | ||
| Q1 25 | 2.17× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.08× | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
