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Astronics ATRO Test Systems — Goodwill, Gross

Other segment segments

Aerospace
$42.71M+17.2%
Test Systems Segment
$21.64M0.0%

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Other financials

Income statement

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Revenue$230.6M+12.0%
Gross profit$75.1M+23.5%
Operating income$27.2M+107%
Net income$25.5M+168%
EPS (diluted)$0.67+158%

Balance sheet

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Cash & equivalents$11.9M-54.3%
Total debt$379.1M+93.4%
Total equity$161.7M-39.4%
Total assets$747.1M+12.8%

Cash flow

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Operating cash flow$10.6M-48.6%
CapEx$11.2M+430%
Free cash flow-$554.0K-103%

Valuation

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Market cap$3.75B+200%
Enterprise value$4.12B+187%
P/E82.7×
P/S4.2×+2.7×

Profitability

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Gross margin30.7%+2.1pp
Operating margin10.2%+5.6pp
Net margin5.1%+4.7pp
FCF margin4.9%+4.0pp

Returns & leverage

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Return on equity21.2%+20.0pp
Debt / equity2.3×+1.6×
Current ratio+0.2×

Where this comes from

Reported directly by Astronics in its filing.

Tagged under the XBRL concept us-gaap:GoodwillGross.

The source filing: Astronics’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 2:31 PM EST
Fiscal year
FY2025
Accession
0000008063-26-000021
(In thousands)AerospaceTest SystemsTotal
Foreign Currency Translations and Other(154)(154)
Balance at December 31, 202436,42121,63558,056
Acquisitions4,7594,759
Foreign Currency Translations and Other108108
Balance at December 31, 2025$41,288$21,635$62,923
Goodwill, Gross$161,989$21,635$183,624
Accumulated Impairment Losses(120,701)(120,701)
Goodwill, Net$41,288$21,635$62,923

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Astronics's test systems — goodwill, gross?
Astronics (ATRO) reported test systems — goodwill, gross of $21.64M in Q4 2025.
How has Astronics's test systems — goodwill, gross changed year-over-year?
Astronics's test systems — goodwill, gross decreased by 0.0% year-over-year, from $21.64M to $21.64M.
What does test systems — goodwill, gross mean?
The total carrying value of goodwill associated with acquisitions made specifically for the Test Systems business unit. This reflects the premium paid over the fair value of net identifiable assets, serving as a measure of the segment's historical investment in intangible assets and market positioning.

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