Industrials • Military/Government/Technical
$62.88 ▲ +2.33
(+3.85%)
MKT CAP: $2.70B • VOL: 364.2K
52W L $33 52W H $94
ATRO // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: SEC FORM 10-K ITEM 1 & 1A
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM <GO>
CRITICAL
Upstream Foundry & Infrastructure Partners
FOUNDRY / INFRA • Core Fabrication & Cloud Compute
EST. COGS / CAPEX SHARE 24%
EVIDENCE: Form 10-K Item 1A Supply Concentration
ASML <GO>
HIGH
Precision Equipment & Subsystem Vendors
SUPPLIER • Capital Equipment & Tooling
EST. COGS / CAPEX SHARE 14%
EVIDENCE: Form 10-K Note 12 Purchase Commitments
CORE VALUE-CHAIN HUB NASDAQ
ATRO // Astronics Corporation
GROSS MARGIN
29.9%
OP MARGIN
8.9%
ROIC %
13.2%
MKT CAP
$2.70B
UPSTREAM INPUTS ──► ATRO OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Hyperscale & Enterprise Cloud Accounts
CUSTOMER • Enterprise Infrastructure
EVIDENCE: Form 10-K Segment & Major Customer Footnote
AMZN <GO>
REV SHARE: ~13%
Global Commercial & Distribution Channels
CUSTOMER • Commercial Distribution
EVIDENCE: Form 10-K Geographic & Channel Breakdown
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| ATRO ★ | Astronics Corporation | $62.88 | $2.70B | 29.9% | 8.9% | 13.2% | 39.5x | +8.4% | SUBJECT ISSUER |
| CAT | Caterpillar Inc. | $647.39 | $297.59B | 82.2% | 17.5% | 21.1% | 20.9x | +18.4% | ATRO VS CAT <GO> |
| RTX | RTX Corporation | $199.40 | $269.08B | — | 10.5% | 7.2% | 26.5x | +9.7% | ATRO VS RTX <GO> |
| TMO | Thermo Fisher Scientific Inc | $709.18 | $262.22B | — | 17.4% | 9.3% | 30.4x | +3.9% | ATRO VS TMO <GO> |
| UNP | Union Pacific Corporation | $301.93 | $179.42B | — | 40.2% | 20.1% | 15.3x | +1.1% | ATRO VS UNP <GO> |
| DE | Deere & Company | $660.00 | $177.95B | — | 13.4% | 9.3% | 27.9x | -11.7% | ATRO VS DE <GO> |