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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $240.1M, roughly 1.8× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $15.8M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 10.7%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
ATRO vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $430.0M |
| Net Profit | — | $32.8M |
| Gross Margin | 33.3% | 75.2% |
| Operating Margin | 14.8% | 8.6% |
| Net Margin | — | 7.6% |
| Revenue YoY | 15.1% | -9.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.82 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $240.1M | $504.3M | ||
| Q3 25 | $211.4M | $381.4M | ||
| Q2 25 | $204.7M | $384.5M | ||
| Q1 25 | $205.9M | $475.6M | ||
| Q4 24 | $208.5M | $490.8M | ||
| Q3 24 | $203.7M | $325.1M | ||
| Q2 24 | $198.1M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $234.6M | ||
| Q3 25 | $-11.1M | $43.4M | ||
| Q2 25 | $1.3M | $30.1M | ||
| Q1 25 | $9.5M | $85.4M | ||
| Q4 24 | — | $119.1M | ||
| Q3 24 | $-11.7M | $-14.4M | ||
| Q2 24 | $1.5M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 33.3% | 79.5% | ||
| Q3 25 | 30.5% | 72.2% | ||
| Q2 25 | 25.8% | 71.5% | ||
| Q1 25 | 29.5% | 78.5% | ||
| Q4 24 | 29.8% | 79.1% | ||
| Q3 24 | 27.1% | 70.2% | ||
| Q2 24 | 28.0% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 14.8% | 20.7% | ||
| Q3 25 | 10.9% | 3.8% | ||
| Q2 25 | 2.3% | 4.5% | ||
| Q1 25 | 6.4% | 26.7% | ||
| Q4 24 | 4.3% | 29.1% | ||
| Q3 24 | 4.1% | -3.6% | ||
| Q2 24 | 3.8% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 46.5% | ||
| Q3 25 | -5.2% | 11.4% | ||
| Q2 25 | 0.6% | 7.8% | ||
| Q1 25 | 4.6% | 18.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | -5.8% | -4.4% | ||
| Q2 24 | 0.8% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.82 | $0.81 | ||
| Q3 25 | $-0.31 | $0.24 | ||
| Q2 25 | $0.04 | $0.17 | ||
| Q1 25 | $0.26 | $0.91 | ||
| Q4 24 | $-0.07 | $1.35 | ||
| Q3 24 | $-0.34 | $-0.17 | ||
| Q2 24 | $0.04 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $140.1M | $705.9M |
| Total Assets | $706.7M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $18.2M | $425.8M | ||
| Q3 25 | $13.5M | $351.4M | ||
| Q2 25 | $13.5M | $411.6M | ||
| Q1 25 | $24.8M | $371.7M | ||
| Q4 24 | $9.3M | $740.0M | ||
| Q3 24 | $5.2M | $703.0M | ||
| Q2 24 | $2.9M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $140.1M | $787.4M | ||
| Q3 25 | $108.9M | $596.8M | ||
| Q2 25 | $271.6M | $624.5M | ||
| Q1 25 | $266.8M | $611.3M | ||
| Q4 24 | $256.1M | $585.5M | ||
| Q3 24 | $249.2M | $473.0M | ||
| Q2 24 | $257.9M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $706.7M | $1.6B | ||
| Q3 25 | $682.2M | $1.3B | ||
| Q2 25 | $646.7M | $1.3B | ||
| Q1 25 | $662.2M | $1.3B | ||
| Q4 24 | $648.8M | $1.8B | ||
| Q3 24 | $651.6M | $1.6B | ||
| Q2 24 | $644.9M | $1.5B |
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 | — |
| Free Cash FlowOCF − Capex | $15.8M | $206.5M |
| FCF MarginFCF / Revenue | 6.6% | 48.0% |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.6M | $158.4M | ||
| Q3 25 | $34.2M | $56.3M | ||
| Q2 25 | $-7.6M | $86.3M | ||
| Q1 25 | $20.6M | $204.2M | ||
| Q4 24 | $26.4M | $95.2M | ||
| Q3 24 | $8.4M | $30.5M | ||
| Q2 24 | $-6.3M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $15.8M | $152.4M | ||
| Q3 25 | $21.0M | $51.8M | ||
| Q2 25 | $-12.2M | $84.1M | ||
| Q1 25 | $18.5M | $202.3M | ||
| Q4 24 | $23.2M | $92.4M | ||
| Q3 24 | $6.5M | $27.4M | ||
| Q2 24 | $-8.1M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 6.6% | 30.2% | ||
| Q3 25 | 9.9% | 13.6% | ||
| Q2 25 | -6.0% | 21.9% | ||
| Q1 25 | 9.0% | 42.5% | ||
| Q4 24 | 11.1% | 18.8% | ||
| Q3 24 | 3.2% | 8.4% | ||
| Q2 24 | -4.1% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 1.2% | ||
| Q3 25 | 6.2% | 1.2% | ||
| Q2 25 | 2.2% | 0.6% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 1.5% | 0.6% | ||
| Q3 24 | 0.9% | 0.9% | ||
| Q2 24 | 0.9% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | -5.81× | 2.87× | ||
| Q1 25 | 2.17× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | -4.08× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
