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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Nine Energy Service, Inc. (NINE). Click either name above to swap in a different company.

ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $132.2M, roughly 1.8× Nine Energy Service, Inc.). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -6.5%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $-4.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs -3.6%).

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.

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.

ATRO vs NINE — Head-to-Head

Bigger by revenue
ATRO
ATRO
1.8× larger
ATRO
$240.1M
$132.2M
NINE
Growing faster (revenue YoY)
ATRO
ATRO
+21.7% gap
ATRO
15.1%
-6.5%
NINE
More free cash flow
ATRO
ATRO
$20.6M more FCF
ATRO
$15.8M
$-4.8M
NINE
Faster 2-yr revenue CAGR
ATRO
ATRO
Annualised
ATRO
13.9%
-3.6%
NINE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRO
ATRO
NINE
NINE
Revenue
$240.1M
$132.2M
Net Profit
$-19.2M
Gross Margin
33.3%
Operating Margin
14.8%
-4.2%
Net Margin
-14.5%
Revenue YoY
15.1%
-6.5%
Net Profit YoY
-117.4%
EPS (diluted)
$0.82
$-0.47

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
NINE
NINE
Q4 25
$240.1M
$132.2M
Q3 25
$211.4M
$132.0M
Q2 25
$204.7M
$147.3M
Q1 25
$205.9M
$150.5M
Q4 24
$208.5M
$141.4M
Q3 24
$203.7M
$138.2M
Q2 24
$198.1M
$132.4M
Q1 24
$185.1M
$142.1M
Net Profit
ATRO
ATRO
NINE
NINE
Q4 25
$-19.2M
Q3 25
$-11.1M
$-14.6M
Q2 25
$1.3M
$-10.4M
Q1 25
$9.5M
$-7.1M
Q4 24
$-8.8M
Q3 24
$-11.7M
$-10.1M
Q2 24
$1.5M
$-14.0M
Q1 24
$-3.2M
$-8.1M
Gross Margin
ATRO
ATRO
NINE
NINE
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
NINE
NINE
Q4 25
14.8%
-4.2%
Q3 25
10.9%
-0.9%
Q2 25
2.3%
2.3%
Q1 25
6.4%
3.7%
Q4 24
4.3%
2.5%
Q3 24
4.1%
1.8%
Q2 24
3.8%
-1.1%
Q1 24
0.9%
3.1%
Net Margin
ATRO
ATRO
NINE
NINE
Q4 25
-14.5%
Q3 25
-5.2%
-11.1%
Q2 25
0.6%
-7.1%
Q1 25
4.6%
-4.7%
Q4 24
-6.3%
Q3 24
-5.8%
-7.3%
Q2 24
0.8%
-10.6%
Q1 24
-1.7%
-5.7%
EPS (diluted)
ATRO
ATRO
NINE
NINE
Q4 25
$0.82
$-0.47
Q3 25
$-0.31
$-0.35
Q2 25
$0.04
$-0.25
Q1 25
$0.26
$-0.18
Q4 24
$-0.07
$-0.21
Q3 24
$-0.34
$-0.26
Q2 24
$0.04
$-0.40
Q1 24
$-0.09
$-0.24

Balance Sheet & Financial Strength

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

Metric
ATRO
ATRO
NINE
NINE
Cash + ST InvestmentsLiquidity on hand
$18.2M
$18.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$140.1M
$-115.0M
Total Assets
$706.7M
$339.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRO
ATRO
NINE
NINE
Q4 25
$18.2M
$18.4M
Q3 25
$13.5M
$14.4M
Q2 25
$13.5M
$14.2M
Q1 25
$24.8M
$17.3M
Q4 24
$9.3M
$27.9M
Q3 24
$5.2M
$15.7M
Q2 24
$2.9M
$26.0M
Q1 24
$5.3M
$10.2M
Stockholders' Equity
ATRO
ATRO
NINE
NINE
Q4 25
$140.1M
$-115.0M
Q3 25
$108.9M
$-95.9M
Q2 25
$271.6M
$-81.7M
Q1 25
$266.8M
$-72.1M
Q4 24
$256.1M
$-66.1M
Q3 24
$249.2M
$-57.6M
Q2 24
$257.9M
$-49.7M
Q1 24
$251.7M
$-43.3M
Total Assets
ATRO
ATRO
NINE
NINE
Q4 25
$706.7M
$339.5M
Q3 25
$682.2M
$340.7M
Q2 25
$646.7M
$361.2M
Q1 25
$662.2M
$359.2M
Q4 24
$648.8M
$360.1M
Q3 24
$651.6M
$353.2M
Q2 24
$644.9M
$381.7M
Q1 24
$630.0M
$380.4M

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
NINE
NINE
Operating Cash FlowLast quarter
$27.6M
$-2.2M
Free Cash FlowOCF − Capex
$15.8M
$-4.8M
FCF MarginFCF / Revenue
6.6%
-3.6%
Capex IntensityCapex / Revenue
4.9%
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$-23.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRO
ATRO
NINE
NINE
Q4 25
$27.6M
$-2.2M
Q3 25
$34.2M
$-9.9M
Q2 25
$-7.6M
$10.1M
Q1 25
$20.6M
$-5.3M
Q4 24
$26.4M
$15.0M
Q3 24
$8.4M
$-5.8M
Q2 24
$-6.3M
$12.9M
Q1 24
$2.0M
$-8.8M
Free Cash Flow
ATRO
ATRO
NINE
NINE
Q4 25
$15.8M
$-4.8M
Q3 25
$21.0M
$-13.4M
Q2 25
$-12.2M
$4.2M
Q1 25
$18.5M
$-9.3M
Q4 24
$23.2M
$11.8M
Q3 24
$6.5M
$-9.3M
Q2 24
$-8.1M
$10.3M
Q1 24
$439.0K
$-14.3M
FCF Margin
ATRO
ATRO
NINE
NINE
Q4 25
6.6%
-3.6%
Q3 25
9.9%
-10.2%
Q2 25
-6.0%
2.9%
Q1 25
9.0%
-6.2%
Q4 24
11.1%
8.3%
Q3 24
3.2%
-6.7%
Q2 24
-4.1%
7.7%
Q1 24
0.2%
-10.1%
Capex Intensity
ATRO
ATRO
NINE
NINE
Q4 25
4.9%
2.0%
Q3 25
6.2%
2.6%
Q2 25
2.2%
4.0%
Q1 25
1.0%
2.6%
Q4 24
1.5%
2.3%
Q3 24
0.9%
2.5%
Q2 24
0.9%
2.0%
Q1 24
0.9%
3.9%
Cash Conversion
ATRO
ATRO
NINE
NINE
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%

NINE
NINE

Cement$52.6M40%
Tool Revenue$28.6M22%
Coiled Tubing$25.8M20%
Wireline$25.1M19%

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