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Astronics cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$24.4M in Q2 2026 · $60.7M over twelve months

Operating cash flow$30.1M
Capital spending−$5.7M
Free cash flow+$24.4M
Cash / net income0.9×
Cash conversion cycle160 days

Analysis

In Q2 2026, Astronics generated $30.1M of operating cash flow and spent $5.7M on capital projects, leaving free cash flow of $24.4M.

Over the twelve months to Jul 4, 2026, operating cash flow was $103M; the largest uses were other financing ($103M), capital spending ($41.8M), other investing ($22.1M); besides operations, cash came from net borrowing (+) / repaid (−) ($60.0M); the cash balance fell by $4.4M.

Operating cash flow was $30.1M against net income of $35.1M — 0.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$11.6M, inventory −$11.1M, payables +$8.6M.

Its cash conversion cycle was 160 days (receivables 78 + inventory 114 − payables 32).

Free cash flow

Astronics: free cash flow by quarterAstronics: free cash flow by quarter$6.5MQ3 2024$23.2MQ4 2024$18.5MQ1 2025−$12.2MQ2 2025$21.0MQ3 2025$15.8MQ4 2025−$554KQ1 2026$24.4MQ2 2026
Operating cash flow less capital spending.
Astronics: operating cash flow against capital spendingAstronics: operating cash flow against capital spendingOperating cash flowCapital spending$8.4M$1.9MQ3 2024$26.4M$3.2MQ4 2024$20.6M$2.1MQ1 2025−$7.6M$4.6MQ2 2025$34.2M$13.2MQ3 2025$27.6M$11.8MQ4 2025$10.6M$11.2MQ1 2026$30.1M$5.7MQ2 2026
Latest (Q2 2026): Operating cash flow $30.1M, Capital spending $5.7M.

Capital allocation, year by year

Astronics: where the cash came from (up) and went (down), by fiscal yearAstronics: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$5.5MFY2021: Net borrowing −$10.9MFY2021: Asset sales $9.2MFY2021: Capital spending −$6.0M$9.2MFY2021FY2022: Operating cash flow −$28.3MFY2022: Net borrowing $907KFY2022: Asset sales $22.1MFY2022: Capital spending −$7.7M$23.0MFY2022FY2023: Operating cash flow −$23.9MFY2023: Net borrowing $148MFY2023: Shares issued $21.3MFY2023: Asset sales $3.5MFY2023: Capital spending −$7.6M$173MFY2023FY2024: Operating cash flow $30.6MFY2024: Net borrowing $380MFY2024: Capital spending −$8.4M$410MFY2024FY2025: Operating cash flow $74.8MFY2025: Net borrowing $300MFY2025: Capital spending −$31.7MFY2025: Acquisitions −$22.1M$375MFY2025
Over these 5 years operating cash flow totalled $47.6M; the largest uses were capital spending ($61.5M) and operating cash flow ($57.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$9.0M
Debt$310M
Net debt$301M

Astronics funds itself: free cash flow was $60.7M over the last twelve months, and $9.0M of cash and investments stands against $310M of debt.

Where the cash came from and went

Astronics: sources (+) and uses (−) of cash, Q2 2026Astronics: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$30.1MNet borrowing (+) / repaid (−)−$25.0MCapital spending−$5.7MCash drawn (+) / kept (−)$2.9MOther financing−$2.2MExchange rates−$101K
Astronics: sources (+) and uses (−) of cash, TTM to Q2 2026Astronics: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$103MOther financing−$103MNet borrowing (+) / repaid (−)$60.0MCapital spending−$41.8MOther investing−$22.1MCash drawn (+) / kept (−)$4.4MExchange rates−$540K

From profit to cash

Astronics: net income to operating cash flow, Q2 2026Astronics: net income to operating cash flow, Q2 2026Net income$35.1MDepreciation & amortization$6.3MStock-based pay$2.3MDeferred taxes$960KOther non-cash$542KReceivables−$11.6MInventory−$11.1MPayables$8.6MAccrued liabilities$4.7MEmployee-related liabilities−$186KDeferred revenue−$3.1MIncome taxes payable−$146KOther operating capital−$2.7MOperating cash flow$30.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20267811432160
Q1 20268612429180
Q4 20257811728167
Q3 20258112130172
Q2 20258511827175
Q1 20258212127176
Q4 20248713032185
Q3 20248512435174

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$30.1M−$5.7M—−$25.0M$2.9M$24.4M
Q1 2026$10.6M−$11.2M——$6.3M−$554K
Q4 2025$27.6M−$11.8M−$17.5M—$1.4M$15.8M
Q3 2025$34.2M−$13.2M—$85.0M−$6.1M$21.0M
Q2 2025−$7.6M−$4.6M—−$1.1M$12.5M−$12.2M
Q1 2025$20.6M−$2.1M—−$7.7M−$7.5M$18.5M
Q4 2024$26.4M−$3.2M—$175M−$12.1M$23.2M
Q3 2024$8.4M−$1.9M—$2.6M−$2.0M$6.5M

Astronics: income statement and cash flow

Astronics, Q2 2026: revenue $260M (+27% year over year), operating margin 15.6%. The chart follows the revenue to costs, profit and cash.

Astronics: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.