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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $137.5M, roughly 1.7× Terreno Realty Corp). On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 15.1%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% 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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
ATRO vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $137.5M |
| Net Profit | — | $158.2M |
| Gross Margin | 33.3% | — |
| Operating Margin | 14.8% | — |
| Net Margin | — | 115.1% |
| Revenue YoY | 15.1% | 32.6% |
| Net Profit YoY | — | 107.9% |
| EPS (diluted) | $0.82 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $211.4M | $116.2M | ||
| Q2 25 | $204.7M | $112.2M | ||
| Q1 25 | $205.9M | $110.4M | ||
| Q4 24 | $208.5M | $103.7M | ||
| Q3 24 | $203.7M | $99.6M | ||
| Q2 24 | $198.1M | $94.2M | ||
| Q1 24 | $185.1M | $85.0M |
| Q4 25 | — | $158.2M | ||
| Q3 25 | $-11.1M | $103.4M | ||
| Q2 25 | $1.3M | $93.3M | ||
| Q1 25 | $9.5M | $48.1M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | $-11.7M | $36.6M | ||
| Q2 24 | $1.5M | $35.7M | ||
| Q1 24 | $-3.2M | $36.1M |
| 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% | — |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | — | 115.1% | ||
| Q3 25 | -5.2% | 88.9% | ||
| Q2 25 | 0.6% | 83.1% | ||
| Q1 25 | 4.6% | 43.6% | ||
| Q4 24 | — | 73.4% | ||
| Q3 24 | -5.8% | 36.8% | ||
| Q2 24 | 0.8% | 37.9% | ||
| Q1 24 | -1.7% | 42.4% |
| Q4 25 | $0.82 | $1.54 | ||
| Q3 25 | $-0.31 | $1.00 | ||
| Q2 25 | $0.04 | $0.90 | ||
| Q1 25 | $0.26 | $0.47 | ||
| Q4 24 | $-0.07 | $0.78 | ||
| Q3 24 | $-0.34 | $0.37 | ||
| Q2 24 | $0.04 | $0.37 | ||
| Q1 24 | $-0.09 | $0.40 |
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 | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $140.1M | $4.1B |
| Total Assets | $706.7M | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $25.0M | ||
| Q3 25 | $13.5M | $26.2M | ||
| Q2 25 | $13.5M | $128.4M | ||
| Q1 25 | $24.8M | $156.5M | ||
| Q4 24 | $9.3M | $18.1M | ||
| Q3 24 | $5.2M | $243.7M | ||
| Q2 24 | $2.9M | $182.0M | ||
| Q1 24 | $5.3M | $649.6M |
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $140.1M | $4.1B | ||
| Q3 25 | $108.9M | $4.0B | ||
| Q2 25 | $271.6M | $3.9B | ||
| Q1 25 | $266.8M | $3.9B | ||
| Q4 24 | $256.1M | $3.7B | ||
| Q3 24 | $249.2M | $3.6B | ||
| Q2 24 | $257.9M | $3.4B | ||
| Q1 24 | $251.7M | $3.4B |
| Q4 25 | $706.7M | $5.4B | ||
| Q3 25 | $682.2M | $5.3B | ||
| Q2 25 | $646.7M | $5.0B | ||
| Q1 25 | $662.2M | $4.9B | ||
| Q4 24 | $648.8M | $4.8B | ||
| Q3 24 | $651.6M | $4.6B | ||
| Q2 24 | $644.9M | $4.5B | ||
| Q1 24 | $630.0M | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $15.8M | — |
| FCF MarginFCF / Revenue | 6.6% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $271.9M | ||
| Q3 25 | $34.2M | $79.5M | ||
| Q2 25 | $-7.6M | $60.6M | ||
| Q1 25 | $20.6M | $61.4M | ||
| Q4 24 | $26.4M | $232.7M | ||
| Q3 24 | $8.4M | $70.0M | ||
| Q2 24 | $-6.3M | $64.3M | ||
| Q1 24 | $2.0M | $47.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | -5.81× | 0.65× | ||
| Q1 25 | 2.17× | 1.28× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | -4.08× | 1.80× | ||
| Q1 24 | — | 1.30× |
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% |
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
