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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $153.1M, roughly 1.6× CPI Card Group Inc.). On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 15.1%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $15.8M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
ATRO vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $153.1M |
| Net Profit | — | $7.3M |
| Gross Margin | 33.3% | 31.5% |
| Operating Margin | 14.8% | 12.0% |
| Net Margin | — | 4.8% |
| Revenue YoY | 15.1% | 22.3% |
| Net Profit YoY | — | 8.5% |
| EPS (diluted) | $0.82 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $211.4M | $138.0M | ||
| Q2 25 | $204.7M | $129.8M | ||
| Q1 25 | $205.9M | $122.8M | ||
| Q4 24 | $208.5M | $125.1M | ||
| Q3 24 | $203.7M | $124.8M | ||
| Q2 24 | $198.1M | $118.8M | ||
| Q1 24 | $185.1M | $111.9M |
| Q4 25 | — | $7.3M | ||
| Q3 25 | $-11.1M | $2.3M | ||
| Q2 25 | $1.3M | $518.0K | ||
| Q1 25 | $9.5M | $4.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-11.7M | $1.3M | ||
| Q2 24 | $1.5M | $6.0M | ||
| Q1 24 | $-3.2M | $5.5M |
| Q4 25 | 33.3% | 31.5% | ||
| Q3 25 | 30.5% | 29.7% | ||
| Q2 25 | 25.8% | 30.9% | ||
| Q1 25 | 29.5% | 33.2% | ||
| Q4 24 | 29.8% | 34.1% | ||
| Q3 24 | 27.1% | 35.8% | ||
| Q2 24 | 28.0% | 35.7% | ||
| Q1 24 | 25.7% | 37.1% |
| Q4 25 | 14.8% | 12.0% | ||
| Q3 25 | 10.9% | 9.4% | ||
| Q2 25 | 2.3% | 7.3% | ||
| Q1 25 | 6.4% | 11.5% | ||
| Q4 24 | 4.3% | 12.7% | ||
| Q3 24 | 4.1% | 14.3% | ||
| Q2 24 | 3.8% | 12.5% | ||
| Q1 24 | 0.9% | 12.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | -5.2% | 1.7% | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 4.6% | 3.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | -5.8% | 1.0% | ||
| Q2 24 | 0.8% | 5.1% | ||
| Q1 24 | -1.7% | 4.9% |
| Q4 25 | $0.82 | $0.62 | ||
| Q3 25 | $-0.31 | $0.19 | ||
| Q2 25 | $0.04 | $0.04 | ||
| Q1 25 | $0.26 | $0.40 | ||
| Q4 24 | $-0.07 | $0.56 | ||
| Q3 24 | $-0.34 | $0.11 | ||
| Q2 24 | $0.04 | $0.51 | ||
| Q1 24 | $-0.09 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $140.1M | $-17.3M |
| Total Assets | $706.7M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $21.7M | ||
| Q3 25 | $13.5M | $16.0M | ||
| Q2 25 | $13.5M | $17.1M | ||
| Q1 25 | $24.8M | $31.5M | ||
| Q4 24 | $9.3M | $33.5M | ||
| Q3 24 | $5.2M | $14.7M | ||
| Q2 24 | $2.9M | $7.5M | ||
| Q1 24 | $5.3M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $140.1M | $-17.3M | ||
| Q3 25 | $108.9M | $-25.7M | ||
| Q2 25 | $271.6M | $-29.0M | ||
| Q1 25 | $266.8M | $-29.7M | ||
| Q4 24 | $256.1M | $-35.6M | ||
| Q3 24 | $249.2M | $-42.8M | ||
| Q2 24 | $257.9M | $-44.6M | ||
| Q1 24 | $251.7M | $-48.5M |
| Q4 25 | $706.7M | $403.2M | ||
| Q3 25 | $682.2M | $407.1M | ||
| Q2 25 | $646.7M | $399.8M | ||
| Q1 25 | $662.2M | $351.9M | ||
| Q4 24 | $648.8M | $349.7M | ||
| Q3 24 | $651.6M | $342.3M | ||
| Q2 24 | $644.9M | $321.4M | ||
| Q1 24 | $630.0M | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $15.8M | $35.2M |
| FCF MarginFCF / Revenue | 6.6% | 23.0% |
| Capex IntensityCapex / Revenue | 4.9% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $39.6M | ||
| Q3 25 | $34.2M | $10.0M | ||
| Q2 25 | $-7.6M | $4.3M | ||
| Q1 25 | $20.6M | $5.6M | ||
| Q4 24 | $26.4M | $26.7M | ||
| Q3 24 | $8.4M | $12.5M | ||
| Q2 24 | $-6.3M | $-4.8M | ||
| Q1 24 | $2.0M | $8.9M |
| Q4 25 | $15.8M | $35.2M | ||
| Q3 25 | $21.0M | $5.3M | ||
| Q2 25 | $-12.2M | $533.0K | ||
| Q1 25 | $18.5M | $292.0K | ||
| Q4 24 | $23.2M | $21.6M | ||
| Q3 24 | $6.5M | $11.1M | ||
| Q2 24 | $-8.1M | $-6.0M | ||
| Q1 24 | $439.0K | $7.4M |
| Q4 25 | 6.6% | 23.0% | ||
| Q3 25 | 9.9% | 3.8% | ||
| Q2 25 | -6.0% | 0.4% | ||
| Q1 25 | 9.0% | 0.2% | ||
| Q4 24 | 11.1% | 17.3% | ||
| Q3 24 | 3.2% | 8.9% | ||
| Q2 24 | -4.1% | -5.0% | ||
| Q1 24 | 0.2% | 6.6% |
| Q4 25 | 4.9% | 2.9% | ||
| Q3 25 | 6.2% | 3.4% | ||
| Q2 25 | 2.2% | 2.9% | ||
| Q1 25 | 1.0% | 4.3% | ||
| Q4 24 | 1.5% | 4.0% | ||
| Q3 24 | 0.9% | 1.2% | ||
| Q2 24 | 0.9% | 1.0% | ||
| Q1 24 | 0.9% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | -5.81× | 8.39× | ||
| Q1 25 | 2.17× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | -4.08× | -0.79× | ||
| Q1 24 | — | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
