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Side-by-side financial comparison of ASTRONICS CORP (ATRO) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
ASTRONICS CORP is the larger business by last-quarter revenue ($240.1M vs $208.0M, roughly 1.2× VIRTUS INVESTMENT PARTNERS, INC.). On growth, ASTRONICS CORP posted the faster year-over-year revenue change (15.1% vs -10.9%). ASTRONICS CORP produced more free cash flow last quarter ($15.8M vs $-74.1M). Over the past eight quarters, ASTRONICS CORP's revenue compounded faster (13.9% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
ATRO vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.1M | $208.0M |
| Net Profit | — | $33.9M |
| Gross Margin | 33.3% | — |
| Operating Margin | 14.8% | 19.1% |
| Net Margin | — | 16.3% |
| Revenue YoY | 15.1% | -10.9% |
| Net Profit YoY | — | -14.2% |
| EPS (diluted) | $0.82 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $211.4M | $216.4M | ||
| Q2 25 | $204.7M | $210.5M | ||
| Q1 25 | $205.9M | $217.9M | ||
| Q4 24 | $208.5M | $233.5M | ||
| Q3 24 | $203.7M | $227.0M | ||
| Q2 24 | $198.1M | $224.4M | ||
| Q1 24 | $185.1M | $222.0M |
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-11.1M | $31.3M | ||
| Q2 25 | $1.3M | $42.7M | ||
| Q1 25 | $9.5M | $28.1M | ||
| Q4 24 | — | $39.5M | ||
| Q3 24 | $-11.7M | $49.1M | ||
| Q2 24 | $1.5M | $26.0M | ||
| Q1 24 | $-3.2M | $37.9M |
| 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% | 19.1% | ||
| Q3 25 | 10.9% | 21.7% | ||
| Q2 25 | 2.3% | 21.5% | ||
| Q1 25 | 6.4% | 16.8% | ||
| Q4 24 | 4.3% | 21.7% | ||
| Q3 24 | 4.1% | 24.3% | ||
| Q2 24 | 3.8% | 19.7% | ||
| Q1 24 | 0.9% | 14.5% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | -5.2% | 14.5% | ||
| Q2 25 | 0.6% | 20.3% | ||
| Q1 25 | 4.6% | 12.9% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | -5.8% | 21.6% | ||
| Q2 24 | 0.8% | 11.6% | ||
| Q1 24 | -1.7% | 17.1% |
| Q4 25 | $0.82 | $5.15 | ||
| Q3 25 | $-0.31 | $4.65 | ||
| Q2 25 | $0.04 | $6.12 | ||
| Q1 25 | $0.26 | $4.05 | ||
| Q4 24 | $-0.07 | $4.65 | ||
| Q3 24 | $-0.34 | $5.71 | ||
| Q2 24 | $0.04 | $2.43 | ||
| Q1 24 | $-0.09 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $140.1M | $934.0M |
| Total Assets | $706.7M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | — | ||
| Q3 25 | $13.5M | — | ||
| Q2 25 | $13.5M | — | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $9.3M | — | ||
| Q3 24 | $5.2M | — | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $5.3M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $140.1M | $934.0M | ||
| Q3 25 | $108.9M | $918.7M | ||
| Q2 25 | $271.6M | $896.4M | ||
| Q1 25 | $266.8M | $893.7M | ||
| Q4 24 | $256.1M | $897.5M | ||
| Q3 24 | $249.2M | $889.0M | ||
| Q2 24 | $257.9M | $868.7M | ||
| Q1 24 | $251.7M | $871.7M |
| Q4 25 | $706.7M | $4.3B | ||
| Q3 25 | $682.2M | $3.9B | ||
| Q2 25 | $646.7M | $3.7B | ||
| Q1 25 | $662.2M | $3.7B | ||
| Q4 24 | $648.8M | $4.0B | ||
| Q3 24 | $651.6M | $3.6B | ||
| Q2 24 | $644.9M | $3.6B | ||
| Q1 24 | $630.0M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $15.8M | $-74.1M |
| FCF MarginFCF / Revenue | 6.6% | -35.6% |
| Capex IntensityCapex / Revenue | 4.9% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.6M | $-67.2M | ||
| Q3 25 | $34.2M | $108.3M | ||
| Q2 25 | $-7.6M | $75.8M | ||
| Q1 25 | $20.6M | $-3.8M | ||
| Q4 24 | $26.4M | $1.8M | ||
| Q3 24 | $8.4M | $69.1M | ||
| Q2 24 | $-6.3M | $70.0M | ||
| Q1 24 | $2.0M | $-34.5M |
| Q4 25 | $15.8M | $-74.1M | ||
| Q3 25 | $21.0M | $106.9M | ||
| Q2 25 | $-12.2M | $74.2M | ||
| Q1 25 | $18.5M | $-6.8M | ||
| Q4 24 | $23.2M | $-3.8M | ||
| Q3 24 | $6.5M | $68.7M | ||
| Q2 24 | $-8.1M | $68.6M | ||
| Q1 24 | $439.0K | $-36.5M |
| Q4 25 | 6.6% | -35.6% | ||
| Q3 25 | 9.9% | 49.4% | ||
| Q2 25 | -6.0% | 35.2% | ||
| Q1 25 | 9.0% | -3.1% | ||
| Q4 24 | 11.1% | -1.6% | ||
| Q3 24 | 3.2% | 30.3% | ||
| Q2 24 | -4.1% | 30.6% | ||
| Q1 24 | 0.2% | -16.4% |
| Q4 25 | 4.9% | 3.3% | ||
| Q3 25 | 6.2% | 0.7% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 1.0% | 1.4% | ||
| Q4 24 | 1.5% | 2.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 0.9% | 0.6% | ||
| Q1 24 | 0.9% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | -5.81× | 1.77× | ||
| Q1 25 | 2.17× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | -4.08× | 2.69× | ||
| Q1 24 | — | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
