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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.

Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $240.1M, roughly 1.1× ASTRONICS CORP). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 15.1%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $15.8M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 13.9%).

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.

Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.

ATRO vs PLMR — Head-to-Head

Bigger by revenue
PLMR
PLMR
1.1× larger
PLMR
$253.4M
$240.1M
ATRO
Growing faster (revenue YoY)
PLMR
PLMR
+47.5% gap
PLMR
62.7%
15.1%
ATRO
More free cash flow
PLMR
PLMR
$393.2M more FCF
PLMR
$409.0M
$15.8M
ATRO
Faster 2-yr revenue CAGR
PLMR
PLMR
Annualised
PLMR
46.2%
13.9%
ATRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRO
ATRO
PLMR
PLMR
Revenue
$240.1M
$253.4M
Net Profit
Gross Margin
33.3%
Operating Margin
14.8%
28.7%
Net Margin
Revenue YoY
15.1%
62.7%
Net Profit YoY
EPS (diluted)
$0.82
$2.05

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
PLMR
PLMR
Q4 25
$240.1M
$253.4M
Q3 25
$211.4M
$244.7M
Q2 25
$204.7M
$203.3M
Q1 25
$205.9M
$174.6M
Q4 24
$208.5M
$155.8M
Q3 24
$203.7M
$148.5M
Q2 24
$198.1M
$131.1M
Q1 24
$185.1M
$118.5M
Net Profit
ATRO
ATRO
PLMR
PLMR
Q4 25
Q3 25
$-11.1M
$51.5M
Q2 25
$1.3M
$46.5M
Q1 25
$9.5M
$42.9M
Q4 24
Q3 24
$-11.7M
$30.5M
Q2 24
$1.5M
$25.7M
Q1 24
$-3.2M
$26.4M
Gross Margin
ATRO
ATRO
PLMR
PLMR
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
PLMR
PLMR
Q4 25
14.8%
28.7%
Q3 25
10.9%
27.4%
Q2 25
2.3%
29.5%
Q1 25
6.4%
30.8%
Q4 24
4.3%
28.9%
Q3 24
4.1%
25.9%
Q2 24
3.8%
25.5%
Q1 24
0.9%
29.0%
Net Margin
ATRO
ATRO
PLMR
PLMR
Q4 25
Q3 25
-5.2%
21.0%
Q2 25
0.6%
22.9%
Q1 25
4.6%
24.6%
Q4 24
Q3 24
-5.8%
20.5%
Q2 24
0.8%
19.6%
Q1 24
-1.7%
22.3%
EPS (diluted)
ATRO
ATRO
PLMR
PLMR
Q4 25
$0.82
$2.05
Q3 25
$-0.31
$1.87
Q2 25
$0.04
$1.68
Q1 25
$0.26
$1.57
Q4 24
$-0.07
$1.29
Q3 24
$-0.34
$1.15
Q2 24
$0.04
$1.00
Q1 24
$-0.09
$1.04

Balance Sheet & Financial Strength

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

Metric
ATRO
ATRO
PLMR
PLMR
Cash + ST InvestmentsLiquidity on hand
$18.2M
$106.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$140.1M
$942.7M
Total Assets
$706.7M
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRO
ATRO
PLMR
PLMR
Q4 25
$18.2M
$106.9M
Q3 25
$13.5M
$111.7M
Q2 25
$13.5M
$81.3M
Q1 25
$24.8M
$119.3M
Q4 24
$9.3M
$80.4M
Q3 24
$5.2M
$86.5M
Q2 24
$2.9M
$47.8M
Q1 24
$5.3M
$61.4M
Stockholders' Equity
ATRO
ATRO
PLMR
PLMR
Q4 25
$140.1M
$942.7M
Q3 25
$108.9M
$878.1M
Q2 25
$271.6M
$847.2M
Q1 25
$266.8M
$790.4M
Q4 24
$256.1M
$729.0M
Q3 24
$249.2M
$703.3M
Q2 24
$257.9M
$532.6M
Q1 24
$251.7M
$501.7M
Total Assets
ATRO
ATRO
PLMR
PLMR
Q4 25
$706.7M
$3.1B
Q3 25
$682.2M
$2.9B
Q2 25
$646.7M
$2.8B
Q1 25
$662.2M
$2.4B
Q4 24
$648.8M
$2.3B
Q3 24
$651.6M
$2.3B
Q2 24
$644.9M
$2.0B
Q1 24
$630.0M
$1.9B

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
PLMR
PLMR
Operating Cash FlowLast quarter
$27.6M
$409.1M
Free Cash FlowOCF − Capex
$15.8M
$409.0M
FCF MarginFCF / Revenue
6.6%
161.4%
Capex IntensityCapex / Revenue
4.9%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$700.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRO
ATRO
PLMR
PLMR
Q4 25
$27.6M
$409.1M
Q3 25
$34.2M
$83.6M
Q2 25
$-7.6M
$120.9M
Q1 25
$20.6M
$87.2M
Q4 24
$26.4M
$261.2M
Q3 24
$8.4M
$100.3M
Q2 24
$-6.3M
$55.1M
Q1 24
$2.0M
$33.1M
Free Cash Flow
ATRO
ATRO
PLMR
PLMR
Q4 25
$15.8M
$409.0M
Q3 25
$21.0M
$83.6M
Q2 25
$-12.2M
$120.8M
Q1 25
$18.5M
$87.1M
Q4 24
$23.2M
$260.9M
Q3 24
$6.5M
$100.1M
Q2 24
$-8.1M
Q1 24
$439.0K
FCF Margin
ATRO
ATRO
PLMR
PLMR
Q4 25
6.6%
161.4%
Q3 25
9.9%
34.2%
Q2 25
-6.0%
59.4%
Q1 25
9.0%
49.9%
Q4 24
11.1%
167.5%
Q3 24
3.2%
67.4%
Q2 24
-4.1%
Q1 24
0.2%
Capex Intensity
ATRO
ATRO
PLMR
PLMR
Q4 25
4.9%
0.1%
Q3 25
6.2%
0.0%
Q2 25
2.2%
0.0%
Q1 25
1.0%
0.0%
Q4 24
1.5%
0.2%
Q3 24
0.9%
0.1%
Q2 24
0.9%
0.0%
Q1 24
0.9%
0.0%
Cash Conversion
ATRO
ATRO
PLMR
PLMR
Q4 25
Q3 25
1.63×
Q2 25
-5.81×
2.60×
Q1 25
2.17×
2.03×
Q4 24
Q3 24
3.29×
Q2 24
-4.08×
2.14×
Q1 24
1.26×

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%

PLMR
PLMR

Segment breakdown not available.

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