ASTRONICS CORP
ATRO, ATROB · Aircraft Parts & Auxiliary Equipment, NEC · 32.3M shares · +0%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $534K (gross $8M, SBC $7M)
Reference price $53.24 · est. market cap ~$1.7B — last insider sale, 2025-12-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C63Aerospace/defense parts supplier with recovering sales but thin margins, high leverage, and a sharp earnings swing.
Strengths
- Revenue growing 8.4%; operating margin 68.8th pct and high reported ROE (leverage-aided)
- In compliance with covenants after refinancing into a new $300M revolver
Risks
- High leverage — D/E 2.39 (92nd); net income growth -281% (4.9th pct); net margin only 3.4%
- Boeing concentration (~10%), program/inventory write-off risk, and convertible-note refinancing complexity
Notable findings
- High leverageHigh leverage (debt/equity 2.39)
- Customer concentration~11% of revenue from one customer/distributor — 2%, and 11
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
21.0%
Return on assets
4.2%
ROIC
12.7%
Revenue growth (QoQ)
9.1%
Debt / equity
2.4×
Net debt / EBITDA
3.2×
Current ratio
3.1×
EBITDA
$98M
Tangible book value
$22M
Cash & investments
$18M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | KIM NEIL Y. | Other | 8.8K | — |
| 2026-06-15 | JOHNSON WARREN C | Other | 10.0K | — |
| 2026-06-15 | Keane Robert S | Other | 2.8K | — |
| 2026-06-15 | Keane Robert S | Other | 42K | — |
| 2026-06-15 | Keane Robert S | Other | 41K | — |
| 2026-06-15 | PEABODY MARK | Other | 49K | — |
| 2026-06-15 | MORAN MARK J | Other | 8.8K | — |
| 2026-06-15 | Davis Julie M | Other | 1.6K | — |
| 2026-06-15 | Hedges Nancy L | Other | 6.7K | — |
| 2026-06-15 | West Fay | Other | 1.5K | — |
| 2026-06-15 | FRISBY JEFFRY D | Other | 9.4K | — |
| 2026-06-15 | GUNDERMANN PETER J | Other | 168K | — |
| 2026-06-15 | O'Brien Linda | Other | 4.3K | — |
| 2026-06-15 | O'Brien Linda | Other | 240 | — |
| 2026-06-15 | Mulato James | Other | 7.6K | — |
| 2026-06-15 | BRADY ROBERT T | Other | 53K | — |
| 2026-03-03 | Davis Julie M | Option exercise | 3.0K | $81.35 |
| 2026-03-03 | Davis Julie M | Tax withheld | 1.5K | $81.35 |
| 2026-03-03 | PEABODY MARK | Option exercise | 11K | $81.35 |
| 2026-03-03 | PEABODY MARK | Tax withheld | 2.6K | $81.35 |
| 2026-03-03 | Hedges Nancy L | Option exercise | 5.0K | $81.35 |
| 2026-03-03 | Hedges Nancy L | Tax withheld | 1.8K | $81.35 |
| 2026-03-03 | Mulato James | Option exercise | 12K | $81.35 |
| 2026-03-03 | Mulato James | Tax withheld | 2.8K | $81.35 |
| 2026-03-03 | GUNDERMANN PETER J | Option exercise | 14K | $81.35 |
| 2026-03-03 | GUNDERMANN PETER J | Tax withheld | 3.5K | $81.35 |
| 2026-02-26 | BRADY ROBERT T | Option exercise | 4.0K | $22.93 |
| 2026-02-26 | BRADY ROBERT T | Tax withheld | 1.5K | $78.84 |
| 2026-02-26 | BRADY ROBERT T | Option exercise | 1.3K | $22.93 |
| 2026-02-19 | BRADY ROBERT T | Grant | 1.5K | — |
| 2026-02-19 | KIM NEIL Y. | Grant | 1.5K | — |
| 2026-02-19 | Keane Robert S | Grant | 1.5K | — |
| 2026-02-19 | JOHNSON WARREN C | Grant | 1.5K | — |
| 2026-02-19 | O'Brien Linda | Grant | 1.5K | — |
| 2026-02-19 | West Fay | Grant | 1.5K | — |
| 2026-02-19 | FRISBY JEFFRY D | Grant | 1.5K | — |
| 2026-02-19 | MORAN MARK J | Grant | 1.5K | — |
| 2026-02-09 | PEABODY MARK | Gift | 500 | — |
| 2026-02-09 | PEABODY MARK | Gift | 2.0K | — |
| 2025-12-09 | FRISBY JEFFRY D | Gift | 500 | — |
| 2025-12-04 | FRISBY JEFFRY D | Gift | 500 | — |
| 2025-12-01 | Mulato James | Sell | 9.7K | $53.24 |
| 2025-12-01 | FRISBY JEFFRY D | Gift | 1.0K | — |
| 2025-11-26 | PEABODY MARK | Gift | 650 | — |
| 2025-11-20 | GUNDERMANN PETER J | Option exercise | 4.4K | $27.72 |
| 2025-11-20 | GUNDERMANN PETER J | Option exercise | 14K | $27.72 |
| 2025-11-20 | GUNDERMANN PETER J | Tax withheld | 12K | $49.35 |
| 2025-11-20 | GUNDERMANN PETER J | Option exercise | 4.4K | $27.72 |
| 2025-11-20 | GUNDERMANN PETER J | Option exercise | 14K | $27.72 |
| 2025-11-20 | GUNDERMANN PETER J | Tax withheld | 12K | $49.35 |
| 2025-11-19 | PEABODY MARK | Option exercise | 4.5K | $27.72 |
| 2025-11-19 | PEABODY MARK | Option exercise | 1.5K | $27.72 |
| 2025-11-17 | Hedges Nancy L | Option exercise | 1.4K | $27.72 |
| 2025-11-17 | Hedges Nancy L | Tax withheld | 984 | $52.15 |
| 2025-11-17 | Hedges Nancy L | Option exercise | 1.5K | $31.76 |
| 2025-11-17 | Hedges Nancy L | Tax withheld | 1.1K | $52.15 |
| 2025-11-17 | Hedges Nancy L | Option exercise | 452 | $27.72 |
| 2025-11-17 | Hedges Nancy L | Option exercise | 228 | $31.76 |
| 2025-10-22 | Mulato James | Option exercise | 4.3K | $27.72 |
| 2025-10-22 | Mulato James | Option exercise | 1.4K | $27.72 |
| 2025-09-30 | PEABODY MARK | Grant | 1.3K | $16.60 |
| 2025-09-30 | Mulato James | Grant | 1.3K | $16.60 |
| 2025-09-30 | Hedges Nancy L | Grant | 1.3K | $16.60 |
| 2025-09-09 | Mulato James | Gift | 11K | — |
| 2025-09-05 | Mulato James | Sell | 1.0K | $38.21 |
| 2025-09-05 | Mulato James | Sell | 129 | $37.73 |
| 2025-08-27 | FRISBY JEFFRY D | Option exercise | 6.1K | — |
| 2025-08-27 | O'Brien Linda | Option exercise | 6.1K | — |
| 2025-08-27 | Keane Robert S | Option exercise | 6.1K | — |
| 2025-08-27 | MORAN MARK J | Option exercise | 6.1K | — |
| 2025-08-27 | BRADY ROBERT T | Option exercise | 6.1K | — |
| 2025-08-27 | JOHNSON WARREN C | Option exercise | 6.1K | — |
| 2025-08-27 | West Fay | Option exercise | 6.1K | — |
| 2025-08-27 | KIM NEIL Y. | Option exercise | 6.1K | — |
| 2025-08-13 | PEABODY MARK | Gift | 450 | — |
| 2025-05-09 | Keane Robert S | Sell | 38K | $26.50 |
| 2025-05-08 | Keane Robert S | Sell | 200K | $27.01 |
| 2025-04-04 | Keane Robert S | Conversion | 200K | — |
| 2025-04-04 | Keane Robert S | Conversion | 200K | — |
| 2025-03-18 | PEABODY MARK | Option exercise | 8.8K | $24.91 |
| 2025-03-18 | PEABODY MARK | Tax withheld | 3.3K | $24.91 |
| 2025-03-18 | Mulato James | Option exercise | 9.4K | $24.91 |
| 2025-03-18 | Mulato James | Tax withheld | 2.3K | $24.91 |
| 2025-03-18 | Hedges Nancy L | Option exercise | 5.5K | $24.91 |
| 2025-03-18 | Hedges Nancy L | Tax withheld | 2.8K | $24.91 |
| 2025-03-18 | Mulato James | Option exercise | 9.4K | $24.91 |
| 2025-03-18 | Mulato James | Tax withheld | 2.3K | $24.91 |
| 2025-03-18 | PEABODY MARK | Option exercise | 8.8K | $24.91 |
| 2025-03-18 | PEABODY MARK | Tax withheld | 3.3K | $24.91 |
| 2025-03-18 | GUNDERMANN PETER J | Tax withheld | 4.1K | $24.91 |
| 2025-03-18 | GUNDERMANN PETER J | Option exercise | 11K | — |
| 2025-03-18 | GUNDERMANN PETER J | Option exercise | 11K | — |
| 2025-03-18 | GUNDERMANN PETER J | Tax withheld | 4.1K | $24.91 |
| 2025-03-18 | Hedges Nancy L | Option exercise | 5.5K | $24.91 |
| 2025-03-18 | Hedges Nancy L | Tax withheld | 2.8K | $24.91 |
| 2025-03-10 | PEABODY MARK | Gift | 1.5K | — |
| 2025-03-10 | PEABODY MARK | Gift | 4.5K | — |
| 2025-03-07 | Keane Robert S | Sell | 26K | $24.55 |
| 2025-03-07 | Keane Robert S | Sell | 51K | $24.55 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
- The Boeing Company 10% of rev
- Airbus SE
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-06-01 | 0000008063-26-000032 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0000008063-26-000029 ↗ |
| 10-Q | 2026-05-13 | 2026-04-04 | 0000008063-26-000025 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0000008063-26-000024 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000008063-26-000021 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0000008063-26-000018 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0000008063-26-000014 ↗ |
| 8-K | 2026-01-14 | 2026-01-14 | 0000008063-26-000010 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0000008063-26-000005 ↗ |
| 10-Q | 2025-11-06 | 2025-09-27 | 0000008063-25-000086 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0000008063-25-000081 ↗ |
| 8-K | 2025-10-22 | 2025-10-22 | 0000008063-25-000077 ↗ |