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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $142.2M, roughly 1.7× UNIVERSAL DISPLAY CORP \PA\). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -14.5%). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs -5.3%).
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.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
ATRO vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $142.2M |
| Net Profit | — | $35.9M |
| Gross Margin | 33.3% | 74.6% |
| Operating Margin | 14.8% | 30.1% |
| Net Margin | — | 25.2% |
| Revenue YoY | 15.1% | -14.5% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | $0.82 | $0.76 |
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 | — | $142.2M | ||
| Q4 25 | $240.1M | $172.9M | ||
| Q3 25 | $211.4M | $139.6M | ||
| Q2 25 | $204.7M | $171.8M | ||
| Q1 25 | $205.9M | $166.3M | ||
| Q4 24 | $208.5M | $162.3M | ||
| Q3 24 | $203.7M | $161.6M | ||
| Q2 24 | $198.1M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | — | $66.3M | ||
| Q3 25 | $-11.1M | $44.0M | ||
| Q2 25 | $1.3M | $67.3M | ||
| Q1 25 | $9.5M | $64.4M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $-11.7M | $66.9M | ||
| Q2 24 | $1.5M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 33.3% | 76.1% | ||
| Q3 25 | 30.5% | 74.6% | ||
| Q2 25 | 25.8% | 77.2% | ||
| Q1 25 | 29.5% | 77.1% | ||
| Q4 24 | 29.8% | 77.0% | ||
| Q3 24 | 27.1% | 77.8% | ||
| Q2 24 | 28.0% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 14.8% | 38.9% | ||
| Q3 25 | 10.9% | 30.9% | ||
| Q2 25 | 2.3% | 39.9% | ||
| Q1 25 | 6.4% | 41.9% | ||
| Q4 24 | 4.3% | 32.3% | ||
| Q3 24 | 4.1% | 41.5% | ||
| Q2 24 | 3.8% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | — | 38.4% | ||
| Q3 25 | -5.2% | 31.5% | ||
| Q2 25 | 0.6% | 39.2% | ||
| Q1 25 | 4.6% | 38.8% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | -5.8% | 41.4% | ||
| Q2 24 | 0.8% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.82 | $1.40 | ||
| Q3 25 | $-0.31 | $0.92 | ||
| Q2 25 | $0.04 | $1.41 | ||
| Q1 25 | $0.26 | $1.35 | ||
| Q4 24 | $-0.07 | $0.96 | ||
| Q3 24 | $-0.34 | $1.40 | ||
| Q2 24 | $0.04 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | — |
| Total Assets | $706.7M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $18.2M | $602.4M | ||
| Q3 25 | $13.5M | $603.0M | ||
| Q2 25 | $13.5M | $525.2M | ||
| Q1 25 | $24.8M | $571.3M | ||
| Q4 24 | $9.3M | $492.7M | ||
| Q3 24 | $5.2M | $551.6M | ||
| Q2 24 | $2.9M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $140.1M | $1.8B | ||
| Q3 25 | $108.9M | $1.7B | ||
| Q2 25 | $271.6M | $1.7B | ||
| Q1 25 | $266.8M | $1.7B | ||
| Q4 24 | $256.1M | $1.6B | ||
| Q3 24 | $249.2M | $1.6B | ||
| Q2 24 | $257.9M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $706.7M | $2.0B | ||
| Q3 25 | $682.2M | $1.9B | ||
| Q2 25 | $646.7M | $1.9B | ||
| Q1 25 | $662.2M | $1.9B | ||
| Q4 24 | $648.8M | $1.8B | ||
| Q3 24 | $651.6M | $1.8B | ||
| Q2 24 | $644.9M | $1.8B |
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 | $108.9M |
| Free Cash FlowOCF − Capex | $15.8M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $27.6M | $31.1M | ||
| Q3 25 | $34.2M | $97.2M | ||
| Q2 25 | $-7.6M | $51.9M | ||
| Q1 25 | $20.6M | $30.6M | ||
| Q4 24 | $26.4M | $34.7M | ||
| Q3 24 | $8.4M | $79.9M | ||
| Q2 24 | $-6.3M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $15.8M | $15.1M | ||
| Q3 25 | $21.0M | $84.3M | ||
| Q2 25 | $-12.2M | $37.5M | ||
| Q1 25 | $18.5M | $17.5M | ||
| Q4 24 | $23.2M | $22.0M | ||
| Q3 24 | $6.5M | $66.2M | ||
| Q2 24 | $-8.1M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 8.7% | ||
| Q3 25 | 9.9% | 60.4% | ||
| Q2 25 | -6.0% | 21.8% | ||
| Q1 25 | 9.0% | 10.5% | ||
| Q4 24 | 11.1% | 13.6% | ||
| Q3 24 | 3.2% | 41.0% | ||
| Q2 24 | -4.1% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 9.3% | ||
| Q3 25 | 6.2% | 9.2% | ||
| Q2 25 | 2.2% | 8.4% | ||
| Q1 25 | 1.0% | 7.9% | ||
| Q4 24 | 1.5% | 7.8% | ||
| Q3 24 | 0.9% | 8.4% | ||
| Q2 24 | 0.9% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | -5.81× | 0.77× | ||
| Q1 25 | 2.17× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | -4.08× | 1.28× |
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% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
