Astronics Corporation
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution a… Read more
Astronics Corporation (ATRO) - Net Assets
Latest net assets as of December 2025: $140.07 Million USD
Based on the latest financial reports, Astronics Corporation (ATRO) has net assets worth $140.07 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($706.68 Million) and total liabilities ($566.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $140.07 Million |
| % of Total Assets | 19.82% |
| Annual Growth Rate | 7.67% |
| 5-Year Change | -45.41% |
| 10-Year Change | -58.49% |
| Growth Volatility | 20.54 |
Astronics Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Astronics Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Astronics Corporation (1985–2025)
The table below shows the annual net assets of Astronics Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $140.07 Million | -45.30% |
| 2024-12-31 | $256.10 Million | +2.64% |
| 2023-12-31 | $249.52 Million | +4.00% |
| 2022-12-31 | $239.92 Million | -6.50% |
| 2021-12-31 | $256.60 Million | -5.09% |
| 2020-12-31 | $270.37 Million | -30.47% |
| 2019-12-31 | $388.86 Million | +0.58% |
| 2018-12-31 | $386.62 Million | +17.19% |
| 2017-12-31 | $329.93 Million | -2.23% |
| 2016-12-31 | $337.45 Million | +12.40% |
| 2015-12-31 | $300.23 Million | +31.58% |
| 2014-12-31 | $228.18 Million | +33.04% |
| 2013-12-31 | $171.51 Million | +37.06% |
| 2012-12-31 | $125.13 Million | +21.65% |
| 2011-12-31 | $102.86 Million | +33.22% |
| 2010-12-31 | $77.22 Million | +28.45% |
| 2009-12-31 | $60.11 Million | +3.19% |
| 2008-12-31 | $58.26 Million | +18.33% |
| 2007-12-31 | $49.23 Million | +57.05% |
| 2006-12-31 | $31.35 Million | +21.34% |
| 2005-12-31 | $25.83 Million | +14.01% |
| 2004-12-31 | $22.66 Million | -1.22% |
| 2003-12-31 | $22.94 Million | -46.58% |
| 2002-12-31 | $42.94 Million | +5.58% |
| 2001-12-31 | $40.67 Million | +18.96% |
| 2000-12-31 | $34.19 Million | +22.99% |
| 1999-12-31 | $27.80 Million | +22.47% |
| 1998-12-31 | $22.70 Million | +24.73% |
| 1997-12-31 | $18.20 Million | +22.97% |
| 1996-12-31 | $14.80 Million | +26.50% |
| 1995-12-31 | $11.70 Million | +13.59% |
| 1994-12-31 | $10.30 Million | +9.57% |
| 1993-12-31 | $9.40 Million | +14.63% |
| 1992-12-31 | $8.20 Million | +5.13% |
| 1991-12-31 | $7.80 Million | +21.88% |
| 1990-12-31 | $6.40 Million | +4.92% |
| 1989-12-31 | $6.10 Million | -24.69% |
| 1988-12-31 | $8.10 Million | -3.57% |
| 1987-12-31 | $8.40 Million | +2.44% |
| 1986-12-31 | $8.20 Million | +12.33% |
| 1985-12-31 | $7.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Astronics Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3701.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $216.70 Million | 154.70% |
| Common Stock | $385.00K | 0.27% |
| Other Comprehensive Income | $-4.41 Million | -3.15% |
| Total Equity | $140.07 Million | 100.00% |
Astronics Corporation Competitors by Market Cap
The table below lists competitors of Astronics Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skylark Holdings Co. Ltd
OTCGREY:SKLYF
|
$2.35 Billion |
|
China Gas Holdings Limited
PINK:CGHOF
|
$2.35 Billion |
|
Wendel
PINK:WNDLF
|
$2.35 Billion |
|
Verra Mobility Corp
NASDAQ:VRRM
|
$2.35 Billion |
|
Sinotrans Ltd Class A
SHG:601598
|
$2.35 Billion |
|
Steven Madden Ltd
NASDAQ:SHOO
|
$2.35 Billion |
|
Auras Technology Co Ltd
TWO:3324
|
$2.35 Billion |
|
Parq Arauco
SN:PARAUCO
|
$2.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Astronics Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 256,097,000 to 140,074,000, a change of -116,023,000 (-45.3%).
- Net income of 29,359,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 547,000.
- Other factors decreased equity by 144,835,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $29.36 Million | +20.96% |
| Other Comprehensive Income | $-547.00K | -0.39% |
| Other Changes | $-144.84 Million | -103.4% |
| Total Change | $- | -45.30% |
Book Value vs Market Value Analysis
This analysis compares Astronics Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 19.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 118.55x to 19.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.59 | $70.26 | x |
| 1986-12-31 | $0.57 | $70.26 | x |
| 1987-12-31 | $0.61 | $70.26 | x |
| 1988-12-31 | $0.60 | $70.26 | x |
| 1989-12-31 | $0.45 | $70.26 | x |
| 1990-12-31 | $0.42 | $70.26 | x |
| 1991-12-31 | $0.62 | $70.26 | x |
| 1992-12-31 | $0.53 | $70.26 | x |
| 1993-12-31 | $0.68 | $70.26 | x |
| 1994-12-31 | $0.75 | $70.26 | x |
| 1995-12-31 | $0.78 | $70.26 | x |
| 1996-12-31 | $1.05 | $70.26 | x |
| 1997-12-31 | $1.20 | $70.26 | x |
| 1998-12-31 | $1.51 | $70.26 | x |
| 1999-12-31 | $1.85 | $70.26 | x |
| 2000-12-31 | $1.80 | $70.26 | x |
| 2001-12-31 | $1.90 | $70.26 | x |
| 2002-12-31 | $2.25 | $70.26 | x |
| 2003-12-31 | $1.26 | $70.26 | x |
| 2004-12-31 | $1.20 | $70.26 | x |
| 2005-12-31 | $1.40 | $70.26 | x |
| 2006-12-31 | $1.63 | $70.26 | x |
| 2007-12-31 | $1.99 | $70.26 | x |
| 2008-12-31 | $2.37 | $70.26 | x |
| 2009-12-31 | $2.43 | $70.26 | x |
| 2010-12-31 | $2.96 | $70.26 | x |
| 2011-12-31 | $3.16 | $70.26 | x |
| 2012-12-31 | $3.15 | $70.26 | x |
| 2013-12-31 | $4.27 | $70.26 | x |
| 2014-12-31 | $6.62 | $70.26 | x |
| 2015-12-31 | $8.65 | $70.26 | x |
| 2016-12-31 | $9.77 | $70.26 | x |
| 2017-12-31 | $9.78 | $70.26 | x |
| 2018-12-31 | $11.67 | $70.26 | x |
| 2019-12-31 | $11.98 | $70.26 | x |
| 2020-12-31 | $8.78 | $70.26 | x |
| 2021-12-31 | $8.26 | $70.26 | x |
| 2022-12-31 | $7.45 | $70.26 | x |
| 2023-12-31 | $7.54 | $70.26 | x |
| 2024-12-31 | $7.27 | $70.26 | x |
| 2025-12-31 | $3.64 | $70.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Astronics Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.41%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 5.05x
- Recent ROE (20.96%) is above the historical average (8.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.96% | 6.06% | 0.73x | 2.49x | $70.00K |
| 1986 | 12.20% | 5.85% | 0.56x | 3.70x | $180.00K |
| 1987 | -3.57% | -1.71% | 0.65x | 3.19x | $-1.14 Million |
| 1988 | 14.81% | 5.48% | 0.81x | 3.32x | $390.00K |
| 1989 | -32.79% | -9.05% | 0.92x | 3.95x | $-2.61 Million |
| 1990 | 6.25% | 1.69% | 0.96x | 3.86x | $-240.00K |
| 1991 | 15.38% | 4.71% | 1.01x | 3.24x | $420.00K |
| 1992 | 4.88% | 1.69% | 0.96x | 3.01x | $-420.00K |
| 1993 | 12.77% | 5.00% | 0.97x | 2.64x | $260.00K |
| 1994 | 12.62% | 5.22% | 1.05x | 2.31x | $270.00K |
| 1995 | 15.38% | 6.32% | 0.93x | 2.63x | $630.00K |
| 1996 | 18.24% | 7.03% | 1.28x | 2.02x | $1.22 Million |
| 1997 | 19.78% | 8.78% | 1.36x | 1.66x | $1.78 Million |
| 1998 | 18.94% | 9.33% | 1.05x | 1.93x | $2.03 Million |
| 1999 | 17.27% | 9.49% | 0.84x | 2.15x | $2.02 Million |
| 2000 | 17.83% | 8.47% | 1.07x | 1.96x | $2.68 Million |
| 2001 | 15.98% | 7.61% | 1.20x | 1.75x | $2.43 Million |
| 2002 | 10.60% | 10.60% | 0.64x | 1.57x | $259.10K |
| 2003 | 4.85% | 3.35% | 0.73x | 1.98x | $-1.18 Million |
| 2004 | -3.24% | -2.12% | 0.77x | 2.00x | $-3.00 Million |
| 2005 | 10.27% | 3.52% | 1.14x | 2.55x | $69.60K |
| 2006 | 18.30% | 5.18% | 1.34x | 2.63x | $2.60 Million |
| 2007 | 31.26% | 9.73% | 1.52x | 2.11x | $10.47 Million |
| 2008 | 14.35% | 4.81% | 1.66x | 1.80x | $2.54 Million |
| 2009 | -6.32% | -1.99% | 1.38x | 2.31x | $-9.81 Million |
| 2010 | 5.79% | 8.63% | 0.34x | 1.95x | $-3.25 Million |
| 2011 | 20.99% | 9.46% | 1.30x | 1.70x | $11.30 Million |
| 2012 | 17.48% | 8.21% | 1.26x | 1.69x | $9.36 Million |
| 2013 | 15.90% | 8.02% | 0.69x | 2.86x | $10.12 Million |
| 2014 | 24.62% | 8.50% | 1.17x | 2.47x | $33.35 Million |
| 2015 | 22.31% | 9.67% | 1.14x | 2.03x | $36.95 Million |
| 2016 | 14.35% | 7.65% | 1.05x | 1.79x | $14.68 Million |
| 2017 | 5.96% | 3.15% | 0.85x | 2.23x | $-13.31 Million |
| 2018 | 12.11% | 5.83% | 1.04x | 2.00x | $8.14 Million |
| 2019 | 13.38% | 6.73% | 0.99x | 2.01x | $13.13 Million |
| 2020 | -42.82% | -23.04% | 0.81x | 2.29x | $-142.82 Million |
| 2021 | -9.97% | -5.75% | 0.73x | 2.37x | $-51.24 Million |
| 2022 | -14.90% | -6.68% | 0.87x | 2.56x | $-59.74 Million |
| 2023 | -10.59% | -3.83% | 1.06x | 2.60x | $-51.37 Million |
| 2024 | -6.33% | -2.04% | 1.23x | 2.53x | $-41.82 Million |
| 2025 | 20.96% | 3.41% | 1.22x | 5.05x | $15.35 Million |
Industry Comparison
This section compares Astronics Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $329,508,605
- Average return on equity (ROE) among peers: 28.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Astronics Corporation (ATRO) | $140.07 Million | 10.96% | 4.05x | $2.35 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |