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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $240.1M, roughly 1.6× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 2.7%).
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.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
ATRO vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $387.0M |
| Net Profit | — | $50.2M |
| Gross Margin | 33.3% | 72.9% |
| Operating Margin | 14.8% | 18.2% |
| Net Margin | — | 13.0% |
| Revenue YoY | 15.1% | 11.3% |
| Net Profit YoY | — | 34.0% |
| EPS (diluted) | $0.82 | $0.92 |
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.
| Q4 25 | $240.1M | $387.0M | ||
| Q3 25 | $211.4M | $378.9M | ||
| Q2 25 | $204.7M | $369.9M | ||
| Q1 25 | $205.9M | $421.1M | ||
| Q4 24 | $208.5M | $347.7M | ||
| Q3 24 | $203.7M | $333.1M | ||
| Q2 24 | $198.1M | $324.7M | ||
| Q1 24 | $185.1M | $366.8M |
| Q4 25 | — | $50.2M | ||
| Q3 25 | $-11.1M | $48.0M | ||
| Q2 25 | $1.3M | $48.6M | ||
| Q1 25 | $9.5M | $91.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | $-11.7M | $49.6M | ||
| Q2 24 | $1.5M | $48.8M | ||
| Q1 24 | $-3.2M | $85.3M |
| Q4 25 | 33.3% | 72.9% | ||
| Q3 25 | 30.5% | 73.9% | ||
| Q2 25 | 25.8% | 73.5% | ||
| Q1 25 | 29.5% | 77.1% | ||
| Q4 24 | 29.8% | 72.6% | ||
| Q3 24 | 27.1% | 74.4% | ||
| Q2 24 | 28.0% | 74.0% | ||
| Q1 24 | 25.7% | 77.8% |
| Q4 25 | 14.8% | 18.2% | ||
| Q3 25 | 10.9% | 19.6% | ||
| Q2 25 | 2.3% | 17.9% | ||
| Q1 25 | 6.4% | 30.2% | ||
| Q4 24 | 4.3% | 13.4% | ||
| Q3 24 | 4.1% | 19.3% | ||
| Q2 24 | 3.8% | 19.4% | ||
| Q1 24 | 0.9% | 29.0% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | -5.2% | 12.7% | ||
| Q2 25 | 0.6% | 13.1% | ||
| Q1 25 | 4.6% | 21.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -5.8% | 14.9% | ||
| Q2 24 | 0.8% | 15.0% | ||
| Q1 24 | -1.7% | 23.3% |
| Q4 25 | $0.82 | $0.92 | ||
| Q3 25 | $-0.31 | $0.86 | ||
| Q2 25 | $0.04 | $0.87 | ||
| Q1 25 | $0.26 | $1.61 | ||
| Q4 24 | $-0.07 | $0.66 | ||
| Q3 24 | $-0.34 | $0.88 | ||
| Q2 24 | $0.04 | $0.85 | ||
| Q1 24 | $-0.09 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $140.1M | $1.1B |
| Total Assets | $706.7M | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $162.5M | ||
| Q3 25 | $13.5M | $165.2M | ||
| Q2 25 | $13.5M | $398.1M | ||
| Q1 25 | $24.8M | $477.8M | ||
| Q4 24 | $9.3M | $482.4M | ||
| Q3 24 | $5.2M | $778.5M | ||
| Q2 24 | $2.9M | $401.8M | ||
| Q1 24 | $5.3M | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $140.1M | $1.1B | ||
| Q3 25 | $108.9M | $1.1B | ||
| Q2 25 | $271.6M | $1.2B | ||
| Q1 25 | $266.8M | $1.2B | ||
| Q4 24 | $256.1M | $1.2B | ||
| Q3 24 | $249.2M | $1.1B | ||
| Q2 24 | $257.9M | $1.0B | ||
| Q1 24 | $251.7M | $1.1B |
| Q4 25 | $706.7M | $7.0B | ||
| Q3 25 | $682.2M | $4.2B | ||
| Q2 25 | $646.7M | $4.4B | ||
| Q1 25 | $662.2M | $5.2B | ||
| Q4 24 | $648.8M | $5.3B | ||
| Q3 24 | $651.6M | $4.0B | ||
| Q2 24 | $644.9M | $4.2B | ||
| Q1 24 | $630.0M | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× | ||
| Q1 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 | $117.0M |
| Free Cash FlowOCF − Capex | $15.8M | $113.6M |
| FCF MarginFCF / Revenue | 6.6% | 29.4% |
| Capex IntensityCapex / Revenue | 4.9% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $117.0M | ||
| Q3 25 | $34.2M | $86.5M | ||
| Q2 25 | $-7.6M | $86.6M | ||
| Q1 25 | $20.6M | $186.0M | ||
| Q4 24 | $26.4M | $54.2M | ||
| Q3 24 | $8.4M | $91.5M | ||
| Q2 24 | $-6.3M | $79.9M | ||
| Q1 24 | $2.0M | $167.5M |
| Q4 25 | $15.8M | $113.6M | ||
| Q3 25 | $21.0M | $82.7M | ||
| Q2 25 | $-12.2M | $81.1M | ||
| Q1 25 | $18.5M | $183.7M | ||
| Q4 24 | $23.2M | $51.2M | ||
| Q3 24 | $6.5M | $89.1M | ||
| Q2 24 | $-8.1M | $73.6M | ||
| Q1 24 | $439.0K | $162.0M |
| Q4 25 | 6.6% | 29.4% | ||
| Q3 25 | 9.9% | 21.8% | ||
| Q2 25 | -6.0% | 21.9% | ||
| Q1 25 | 9.0% | 43.6% | ||
| Q4 24 | 11.1% | 14.7% | ||
| Q3 24 | 3.2% | 26.8% | ||
| Q2 24 | -4.1% | 22.7% | ||
| Q1 24 | 0.2% | 44.2% |
| Q4 25 | 4.9% | 0.9% | ||
| Q3 25 | 6.2% | 1.0% | ||
| Q2 25 | 2.2% | 1.5% | ||
| Q1 25 | 1.0% | 0.5% | ||
| Q4 24 | 1.5% | 0.9% | ||
| Q3 24 | 0.9% | 0.7% | ||
| Q2 24 | 0.9% | 1.9% | ||
| Q1 24 | 0.9% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | -5.81× | 1.78× | ||
| Q1 25 | 2.17× | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.84× | ||
| Q2 24 | -4.08× | 1.64× | ||
| Q1 24 | — | 1.96× |
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% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
