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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $138.3M, roughly 1.7× NWPX Infrastructure, Inc.). On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 15.1%). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 3.3%).
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.
ATRO vs NWPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $138.3M |
| Net Profit | — | $10.5M |
| Gross Margin | 33.3% | 19.3% |
| Operating Margin | 14.8% | 9.2% |
| Net Margin | — | 7.6% |
| Revenue YoY | 15.1% | 19.1% |
| Net Profit YoY | — | 165.7% |
| EPS (diluted) | $0.82 | $1.08 |
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.
| Q1 26 | — | $138.3M | ||
| Q4 25 | $240.1M | $125.6M | ||
| Q3 25 | $211.4M | $151.1M | ||
| Q2 25 | $204.7M | $133.2M | ||
| Q1 25 | $205.9M | $116.1M | ||
| Q4 24 | $208.5M | $119.6M | ||
| Q3 24 | $203.7M | $130.2M | ||
| Q2 24 | $198.1M | $129.5M |
| Q1 26 | — | $10.5M | ||
| Q4 25 | — | $8.9M | ||
| Q3 25 | $-11.1M | $13.5M | ||
| Q2 25 | $1.3M | $9.1M | ||
| Q1 25 | $9.5M | $4.0M | ||
| Q4 24 | — | $10.1M | ||
| Q3 24 | $-11.7M | $10.3M | ||
| Q2 24 | $1.5M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | 33.3% | 21.3% | ||
| Q3 25 | 30.5% | 21.3% | ||
| Q2 25 | 25.8% | 19.0% | ||
| Q1 25 | 29.5% | 16.7% | ||
| Q4 24 | 29.8% | 18.8% | ||
| Q3 24 | 27.1% | 20.8% | ||
| Q2 24 | 28.0% | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | 14.8% | 10.4% | ||
| Q3 25 | 10.9% | 12.6% | ||
| Q2 25 | 2.3% | 9.9% | ||
| Q1 25 | 6.4% | 4.8% | ||
| Q4 24 | 4.3% | 8.8% | ||
| Q3 24 | 4.1% | 11.9% | ||
| Q2 24 | 3.8% | 10.5% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 7.1% | ||
| Q3 25 | -5.2% | 8.9% | ||
| Q2 25 | 0.6% | 6.8% | ||
| Q1 25 | 4.6% | 3.4% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | -5.8% | 7.9% | ||
| Q2 24 | 0.8% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.82 | $0.88 | ||
| Q3 25 | $-0.31 | $1.38 | ||
| Q2 25 | $0.04 | $0.91 | ||
| Q1 25 | $0.26 | $0.39 | ||
| Q4 24 | $-0.07 | $1.00 | ||
| Q3 24 | $-0.34 | $1.02 | ||
| Q2 24 | $0.04 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | — | $10.7M |
| Stockholders' EquityBook value | $140.1M | $403.7M |
| Total Assets | $706.7M | $634.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $18.2M | $2.3M | ||
| Q3 25 | $13.5M | $2.7M | ||
| Q2 25 | $13.5M | $2.0M | ||
| Q1 25 | $24.8M | $5.3M | ||
| Q4 24 | $9.3M | $5.0M | ||
| Q3 24 | $5.2M | $5.7M | ||
| Q2 24 | $2.9M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $403.7M | ||
| Q4 25 | $140.1M | $394.8M | ||
| Q3 25 | $108.9M | $386.4M | ||
| Q2 25 | $271.6M | $379.5M | ||
| Q1 25 | $266.8M | $378.5M | ||
| Q4 24 | $256.1M | $374.0M | ||
| Q3 24 | $249.2M | $362.4M | ||
| Q2 24 | $257.9M | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $706.7M | $579.6M | ||
| Q3 25 | $682.2M | $605.2M | ||
| Q2 25 | $646.7M | $592.6M | ||
| Q1 25 | $662.2M | $582.2M | ||
| Q4 24 | $648.8M | $589.7M | ||
| Q3 24 | $651.6M | $617.2M | ||
| Q2 24 | $644.9M | $631.7M |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $29.3M |
| Free Cash FlowOCF − Capex | $15.8M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $27.6M | $36.0M | ||
| Q3 25 | $34.2M | $21.0M | ||
| Q2 25 | $-7.6M | $5.4M | ||
| Q1 25 | $20.6M | $4.8M | ||
| Q4 24 | $26.4M | $36.1M | ||
| Q3 24 | $8.4M | $22.7M | ||
| Q2 24 | $-6.3M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | $15.8M | $30.8M | ||
| Q3 25 | $21.0M | $13.2M | ||
| Q2 25 | $-12.2M | $1.9M | ||
| Q1 25 | $18.5M | $1.2M | ||
| Q4 24 | $23.2M | $31.9M | ||
| Q3 24 | $6.5M | $16.8M | ||
| Q2 24 | $-8.1M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 24.5% | ||
| Q3 25 | 9.9% | 8.7% | ||
| Q2 25 | -6.0% | 1.4% | ||
| Q1 25 | 9.0% | 1.0% | ||
| Q4 24 | 11.1% | 26.7% | ||
| Q3 24 | 3.2% | 12.9% | ||
| Q2 24 | -4.1% | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 4.1% | ||
| Q3 25 | 6.2% | 5.2% | ||
| Q2 25 | 2.2% | 2.6% | ||
| Q1 25 | 1.0% | 3.2% | ||
| Q4 24 | 1.5% | 3.5% | ||
| Q3 24 | 0.9% | 4.6% | ||
| Q2 24 | 0.9% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | — | 4.06× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | -5.81× | 0.60× | ||
| Q1 25 | 2.17× | 1.22× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | — | 2.22× | ||
| Q2 24 | -4.08× | 2.58× |
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% |
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
