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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $240.1M, roughly 1.0× ASTRONICS CORP). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs 2.4%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $11.4M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs 12.8%).
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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
ATRO vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $245.3M |
| Net Profit | — | $26.1M |
| Gross Margin | 33.3% | 40.0% |
| Operating Margin | 14.8% | 18.3% |
| Net Margin | — | 10.6% |
| Revenue YoY | 15.1% | 2.4% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | $0.82 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $211.4M | $260.5M | ||
| Q2 25 | $204.7M | $255.5M | ||
| Q1 25 | $205.9M | $222.3M | ||
| Q4 24 | $208.5M | $239.6M | ||
| Q3 24 | $203.7M | $238.3M | ||
| Q2 24 | $198.1M | $219.7M | ||
| Q1 24 | $185.1M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $-11.1M | $47.2M | ||
| Q2 25 | $1.3M | $44.1M | ||
| Q1 25 | $9.5M | $42.2M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $-11.7M | $49.5M | ||
| Q2 24 | $1.5M | $35.0M | ||
| Q1 24 | $-3.2M | $29.7M |
| Q4 25 | 33.3% | 40.0% | ||
| Q3 25 | 30.5% | 42.7% | ||
| Q2 25 | 25.8% | 44.7% | ||
| Q1 25 | 29.5% | 43.9% | ||
| Q4 24 | 29.8% | 44.5% | ||
| Q3 24 | 27.1% | 45.8% | ||
| Q2 24 | 28.0% | 40.8% | ||
| Q1 24 | 25.7% | 38.8% |
| Q4 25 | 14.8% | 18.3% | ||
| Q3 25 | 10.9% | 25.1% | ||
| Q2 25 | 2.3% | 24.0% | ||
| Q1 25 | 6.4% | 26.7% | ||
| Q4 24 | 4.3% | 28.0% | ||
| Q3 24 | 4.1% | 28.4% | ||
| Q2 24 | 3.8% | 23.3% | ||
| Q1 24 | 0.9% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | -5.2% | 18.1% | ||
| Q2 25 | 0.6% | 17.3% | ||
| Q1 25 | 4.6% | 19.0% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | -5.8% | 20.8% | ||
| Q2 24 | 0.8% | 15.9% | ||
| Q1 24 | -1.7% | 15.4% |
| Q4 25 | $0.82 | $0.57 | ||
| Q3 25 | $-0.31 | $1.01 | ||
| Q2 25 | $0.04 | $0.94 | ||
| Q1 25 | $0.26 | $0.90 | ||
| Q4 24 | $-0.07 | $1.00 | ||
| Q3 24 | $-0.34 | $1.05 | ||
| Q2 24 | $0.04 | $0.75 | ||
| Q1 24 | $-0.09 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $140.1M | $713.1M |
| Total Assets | $706.7M | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $104.1M | ||
| Q3 25 | $13.5M | $127.1M | ||
| Q2 25 | $13.5M | $140.9M | ||
| Q1 25 | $24.8M | $160.2M | ||
| Q4 24 | $9.3M | $137.5M | ||
| Q3 24 | $5.2M | $124.8M | ||
| Q2 24 | $2.9M | $129.5M | ||
| Q1 24 | $5.3M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $140.1M | $713.1M | ||
| Q3 25 | $108.9M | $764.0M | ||
| Q2 25 | $271.6M | $736.0M | ||
| Q1 25 | $266.8M | $685.1M | ||
| Q4 24 | $256.1M | $631.2M | ||
| Q3 24 | $249.2M | $613.3M | ||
| Q2 24 | $257.9M | $574.8M | ||
| Q1 24 | $251.7M | $573.6M |
| Q4 25 | $706.7M | $1.3B | ||
| Q3 25 | $682.2M | $1.2B | ||
| Q2 25 | $646.7M | $1.2B | ||
| Q1 25 | $662.2M | $1.1B | ||
| Q4 24 | $648.8M | $1.0B | ||
| Q3 24 | $651.6M | $996.3M | ||
| Q2 24 | $644.9M | $942.5M | ||
| Q1 24 | $630.0M | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $15.8M | $11.4M |
| FCF MarginFCF / Revenue | 6.6% | 4.7% |
| Capex IntensityCapex / Revenue | 4.9% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $31.0M | ||
| Q3 25 | $34.2M | $40.0M | ||
| Q2 25 | $-7.6M | $17.9M | ||
| Q1 25 | $20.6M | $46.9M | ||
| Q4 24 | $26.4M | $61.1M | ||
| Q3 24 | $8.4M | $41.5M | ||
| Q2 24 | $-6.3M | $34.5M | ||
| Q1 24 | $2.0M | $33.4M |
| Q4 25 | $15.8M | $11.4M | ||
| Q3 25 | $21.0M | $21.2M | ||
| Q2 25 | $-12.2M | $-14.7M | ||
| Q1 25 | $18.5M | $16.5M | ||
| Q4 24 | $23.2M | $35.4M | ||
| Q3 24 | $6.5M | $17.8M | ||
| Q2 24 | $-8.1M | $14.2M | ||
| Q1 24 | $439.0K | $23.6M |
| Q4 25 | 6.6% | 4.7% | ||
| Q3 25 | 9.9% | 8.2% | ||
| Q2 25 | -6.0% | -5.7% | ||
| Q1 25 | 9.0% | 7.4% | ||
| Q4 24 | 11.1% | 14.8% | ||
| Q3 24 | 3.2% | 7.5% | ||
| Q2 24 | -4.1% | 6.5% | ||
| Q1 24 | 0.2% | 12.2% |
| Q4 25 | 4.9% | 8.0% | ||
| Q3 25 | 6.2% | 7.2% | ||
| Q2 25 | 2.2% | 12.7% | ||
| Q1 25 | 1.0% | 13.7% | ||
| Q4 24 | 1.5% | 10.7% | ||
| Q3 24 | 0.9% | 9.9% | ||
| Q2 24 | 0.9% | 9.2% | ||
| Q1 24 | 0.9% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | -5.81× | 0.41× | ||
| Q1 25 | 2.17× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | -4.08× | 0.98× | ||
| Q1 24 | — | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
