AstronicsATRO +1.59%56 3-Year ROIIC % is 114.01 as of Dec. 2025, which is 251% above its 10-year median of 32.52. GuruFocus rates ATRO with a GF Score™ of 56/100 and a GF Value™ of $19.46 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 321 Aerospace & Defense companies, Astronics ranks better than 93.46% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Astronics's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 114.01%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Astronics's 3-Year ROIIC % or its related term are showing as below:
ATRO's 3-Year ROIIC % is ranked better than 93.46% of 321
companies
in the Aerospace & Defense industry
Industry Median: 3.84
vs ATRO: 114.01
Astronics (NAS:ATRO) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Astronics 3-Year ROIIC % Related Terms
Astronics 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Astronics's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ATRO vs FLY, BETA, ACHR: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Astronics's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Astronics 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Astronics's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Astronics's 3-Year ROIIC % falls into.
Astronics's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 70.222628 (Dec. 2025) - -30.044 (Dec. 2022) )
/
( 579.094 (Dec. 2025) - 491.149 (Dec. 2022) )
=
100.266628
/
87.945
=
114.01%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Astronics (ATRO) has a 3-Year ROIIC % of 114.01 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Astronics and its competitors. This is 251% above median its historical median of 32.52. According to the industry distribution chart, Astronics ranks #21 out of 321 companies in the Aerospace & Defense industry, placing it in the top 6.5%.
Is Astronics' 3-Year ROIIC % too high?
Astronics' current 3-Year ROIIC % of 114.01 is 251% above median its 10-year median of 32.52. The Aerospace & Defense industry median 3-Year ROIIC % is 3.84. Astronics' value of 114.01 is 2869% above this industry median. Based on the distribution chart, Astronics ranks #21 out of 321 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Astronics has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astronics' 3-Year ROIIC % compare to FLY and BETA?
According to the Aerospace & Defense industry distribution chart, Astronics ranks #21 out of 321 companies for 3-Year ROIIC %. This places Astronics in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.84. Astronics' value of 114.01 is 2869% above this benchmark. While the company's 10-year median is 32.52 vs. the industry median of 3.84, Astronics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.84, based on 321 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Astronics's current 3-Year ROIIC % of 114.01 is 2869% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Astronics and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astronics's current 3-Year ROIIC % is 114.01, which is 251% above median its own 10-year median of 32.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astronics stock overvalued right now?
Based on GuruFocus' analysis, Astronics (ATRO) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.46, compared to a current price of $85.66 — trading 340.2% above its estimated fair value. The current 3-Year ROIIC % is 114.01, which is 251% above median its 10-year median of 32.52 and 2869% above the Aerospace & Defense industry median of 3.84. Astronics' overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Astronics (ATRO), the current 3-Year ROIIC % is 114.01 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Astronics (ATRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astronics stock appears to be overvalued.
The current stock price of $85.66 is trading 340.2% above its estimated GF Value™ of $19.46.
GuruFocus considers Astronics to be Significantly Overvalued.
Key valuation signals for ATRO:
3-Year ROIIC %: 114.01 (251% above median its 10-year median of 32.52)
GF Value™: $19.46 vs. price of $85.66 (340.2% above fair value)
Industry Position: 2869% above the Aerospace & Defense median (#21 of 321)
No single metric tells the full story. See the ATRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astronics Corporation is a provider of technologies to the aerospace, defense, and electronics industries, offering high-performance electrical power generation and distribution systems, motion systems, lighting and safety systems, avionics products, systems certification, aircraft structures, and automated test systems. The company operates through two reportable segments, Aerospace and Test Systems. The Aerospace segment designs and manufactures products for the aerospace and defense industry and generates the majority of revenue, while the Test Systems segment designs, develops, manufactures, and maintains automated test systems for the aerospace and defense, communications, and mass transit industries. The company derives the majority of its revenue from the United States.
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