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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and PROASSURANCE CORP (PRA). Click either name above to swap in a different company.

PROASSURANCE CORP is the larger business by last-quarter revenue ($269.6M vs $240.1M, roughly 1.1× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -7.1%). 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.

ProAssurance Corporation, headquartered in Birmingham, Alabama, is a property and casualty company that sells professional liability insurance to doctors. The company was founded in 1976 as Mutual Assurance and was later renamed to Medical Assurance in 1997. The name "ProAssurance" was created in 2001 when Medical Assurance merged with Professionals Group. The company is currently the fourth largest medical professional liability insurance writer and has over $6 billion in assets.

ATRO vs PRA — Head-to-Head

Bigger by revenue
PRA
PRA
1.1× larger
PRA
$269.6M
$240.1M
ATRO
Growing faster (revenue YoY)
ATRO
ATRO
+22.2% gap
ATRO
15.1%
-7.1%
PRA
Faster 2-yr revenue CAGR
ATRO
ATRO
Annualised
ATRO
13.9%
-2.7%
PRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRO
ATRO
PRA
PRA
Revenue
$240.1M
$269.6M
Net Profit
$33.4M
Gross Margin
33.3%
Operating Margin
14.8%
17.3%
Net Margin
12.4%
Revenue YoY
15.1%
-7.1%
Net Profit YoY
106.4%
EPS (diluted)
$0.82
$0.65

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
PRA
PRA
Q4 25
$240.1M
$269.6M
Q3 25
$211.4M
$279.6M
Q2 25
$204.7M
$276.8M
Q1 25
$205.9M
$272.1M
Q4 24
$208.5M
$290.1M
Q3 24
$203.7M
$285.3M
Q2 24
$198.1M
$290.4M
Q1 24
$185.1M
$284.7M
Net Profit
ATRO
ATRO
PRA
PRA
Q4 25
$33.4M
Q3 25
$-11.1M
$1.4M
Q2 25
$1.3M
$21.9M
Q1 25
$9.5M
$-5.8M
Q4 24
$16.2M
Q3 24
$-11.7M
$16.4M
Q2 24
$1.5M
$15.5M
Q1 24
$-3.2M
$4.6M
Gross Margin
ATRO
ATRO
PRA
PRA
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
PRA
PRA
Q4 25
14.8%
17.3%
Q3 25
10.9%
1.6%
Q2 25
2.3%
9.9%
Q1 25
6.4%
-2.3%
Q4 24
4.3%
6.5%
Q3 24
4.1%
7.4%
Q2 24
3.8%
6.2%
Q1 24
0.9%
1.9%
Net Margin
ATRO
ATRO
PRA
PRA
Q4 25
12.4%
Q3 25
-5.2%
0.5%
Q2 25
0.6%
7.9%
Q1 25
4.6%
-2.1%
Q4 24
5.6%
Q3 24
-5.8%
5.8%
Q2 24
0.8%
5.3%
Q1 24
-1.7%
1.6%
EPS (diluted)
ATRO
ATRO
PRA
PRA
Q4 25
$0.82
$0.65
Q3 25
$-0.31
$0.03
Q2 25
$0.04
$0.42
Q1 25
$0.26
$-0.11
Q4 24
$-0.07
$0.32
Q3 24
$-0.34
$0.32
Q2 24
$0.04
$0.30
Q1 24
$-0.09
$0.09

Balance Sheet & Financial Strength

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

Metric
ATRO
ATRO
PRA
PRA
Cash + ST InvestmentsLiquidity on hand
$18.2M
$36.5M
Total DebtLower is stronger
$420.4M
Stockholders' EquityBook value
$140.1M
$1.3B
Total Assets
$706.7M
$5.4B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRO
ATRO
PRA
PRA
Q4 25
$18.2M
$36.5M
Q3 25
$13.5M
$54.5M
Q2 25
$13.5M
$41.6M
Q1 25
$24.8M
$43.5M
Q4 24
$9.3M
$54.9M
Q3 24
$5.2M
$45.3M
Q2 24
$2.9M
$36.9M
Q1 24
$5.3M
$65.4M
Total Debt
ATRO
ATRO
PRA
PRA
Q4 25
$420.4M
Q3 25
$421.5M
Q2 25
$422.6M
Q1 25
$423.7M
Q4 24
$424.9M
Q3 24
$425.9M
Q2 24
$426.9M
Q1 24
$427.8M
Stockholders' Equity
ATRO
ATRO
PRA
PRA
Q4 25
$140.1M
$1.3B
Q3 25
$108.9M
$1.3B
Q2 25
$271.6M
$1.3B
Q1 25
$266.8M
$1.2B
Q4 24
$256.1M
$1.2B
Q3 24
$249.2M
$1.2B
Q2 24
$257.9M
$1.1B
Q1 24
$251.7M
$1.1B
Total Assets
ATRO
ATRO
PRA
PRA
Q4 25
$706.7M
$5.4B
Q3 25
$682.2M
$5.6B
Q2 25
$646.7M
$5.5B
Q1 25
$662.2M
$5.5B
Q4 24
$648.8M
$5.6B
Q3 24
$651.6M
$5.7B
Q2 24
$644.9M
$5.6B
Q1 24
$630.0M
$5.7B
Debt / Equity
ATRO
ATRO
PRA
PRA
Q4 25
0.31×
Q3 25
0.32×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.35×
Q3 24
0.35×
Q2 24
0.38×
Q1 24
0.38×

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
PRA
PRA
Operating Cash FlowLast quarter
$27.6M
$-25.6M
Free Cash FlowOCF − Capex
$15.8M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
-0.77×
TTM Free Cash FlowTrailing 4 quarters
$43.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRO
ATRO
PRA
PRA
Q4 25
$27.6M
$-25.6M
Q3 25
$34.2M
$27.2M
Q2 25
$-7.6M
$-28.1M
Q1 25
$20.6M
$-11.6M
Q4 24
$26.4M
$-10.7M
Q3 24
$8.4M
$14.0M
Q2 24
$-6.3M
$-12.8M
Q1 24
$2.0M
$-11.6M
Free Cash Flow
ATRO
ATRO
PRA
PRA
Q4 25
$15.8M
Q3 25
$21.0M
Q2 25
$-12.2M
Q1 25
$18.5M
Q4 24
$23.2M
Q3 24
$6.5M
Q2 24
$-8.1M
Q1 24
$439.0K
FCF Margin
ATRO
ATRO
PRA
PRA
Q4 25
6.6%
Q3 25
9.9%
Q2 25
-6.0%
Q1 25
9.0%
Q4 24
11.1%
Q3 24
3.2%
Q2 24
-4.1%
Q1 24
0.2%
Capex Intensity
ATRO
ATRO
PRA
PRA
Q4 25
4.9%
Q3 25
6.2%
Q2 25
2.2%
Q1 25
1.0%
Q4 24
1.5%
Q3 24
0.9%
Q2 24
0.9%
Q1 24
0.9%
Cash Conversion
ATRO
ATRO
PRA
PRA
Q4 25
-0.77×
Q3 25
18.81×
Q2 25
-5.81×
-1.28×
Q1 25
2.17×
Q4 24
-0.66×
Q3 24
0.85×
Q2 24
-4.08×
-0.83×
Q1 24
-2.52×

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%

PRA
PRA

Workers Compensation Insurance Segment$164.4M61%
Other$59.6M22%
Segregated Portfolio Cell Reinsurance$45.7M17%

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