COMP <GO>

ATRO vs AADX // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Astronics Corporation (NASDAQ) VS. Applied Aerospace & Defense Inc. (NYSE) • 15-METRIC TALLY: ATRO 1 — AADX 1

■ METRIC PARITY

LAST: $62.88 (+3.85%) • MKT CAP: $2.70B

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LAST: $11.82 (+7.65%) • MKT CAP: $2.04B

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ATRO VS. AADX) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ATRO	AADX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	29.90%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	13.20%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	39.5x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.77%	—	—	TIE	/fcf-yield <GO>
Operating Margin	8.90%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	3.40%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	8.40%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	5.37	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	38.8	47.5	-8.72	AADX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	85.7x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.70B	$2.04B	$666.7M	ATRO	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ATRO REV	AADX REV	ATRO GROSS %	AADX GROSS %	ATRO FCF	AADX FCF
FY 2025	$862.1M	$0	29.9%	—	$74.8M	—
FY 2024	$795.4M	—	27.7%	—	$30.6M	—
FY 2023	$689.2M	—	—	—	-$23.9M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ATRO // BETA —

AADX // BETA —