Astec Industries (ASTE) financial statements
Astec Industries reported revenue of $1.4B in fiscal 2025, up 2.3% a year over 9 years.
Net income was $39M and the operating margin 4.7%, against 7.6% in 2016.
Free cash flow was $21M, and the company returned $12M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Astec Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | $1.2B | $1.0B | $1.1B | $1.3B | $1.3B | $1.3B | $1.4B |
| Cost of revenue | $882M | $942M | $1.0B | $930M | $787M | $846M | $1.0B | $1.0B | $977M | $1.0B |
| Gross profit | $265M | $243M | $136M | $239M | $238M | $250M | $264M | $331M | $328M | $374M |
| Research and development | $25M | $27M | $28M | $27M | $22M | $26M | $32M | $22M | $24M | $27M |
| Selling, general and admin | — | $161M | $181M | $184M | $167M | $227M | $248M | $276M | $276M | $309M |
| Operating income | $87M | $56M | -$86M | $25M | $40M | $20M | $8M | $49M | $23M | $66M |
| Interest expense | $1M | $840,000 | $1M | $1M | $700,000 | $1M | $2M | $9M | $11M | $18M |
| Pre-tax income | $87M | $57M | -$86M | $25M | $44M | $14M | $4M | $43M | $14M | $53M |
| Income tax | $32M | $20M | -$25M | $3M | -$2M | -$2M | $5M | $9M | $10M | $14M |
| Net income | $55M | $38M | -$60M | $22M | $46M | $16M | -$100,000 | $34M | $4M | $39M |
| EPS (diluted) | $2.38 | $1.63 | -$2.64 | $0.98 | $2.01 | $0.69 | $0.00 | $1.47 | $0.19 | $1.68 |
| Diluted shares | 23M | 23M | 23M | 23M | 23M | 23M | 23M | 23M | 23M | 23M |
| Gross margin | 23.1% | 20.5% | 11.6% | 20.5% | 23.2% | 22.8% | 20.7% | 24.7% | 25.1% | 26.5% |
| Operating margin | 7.6% | 4.7% | -7.4% | 2.1% | 4.0% | 1.8% | 0.6% | 3.6% | 1.8% | 4.7% |
| Net margin | 4.8% | 3.2% | -5.2% | 1.9% | 4.5% | 1.4% | -0.0% | 2.5% | 0.3% | 2.8% |
Balance sheet
Fiscal years, from Astec Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $83M | $64M | $28M | $50M | $163M | $143M | $70M | $69M | $94M | $74M |
| Receivables | $107M | $115M | $131M | $120M | $116M | $142M | $174M | $153M | $167M | $219M |
| Inventory | $360M | $391M | $356M | $294M | $250M | $299M | $393M | $456M | $423M | $466M |
| Total current assets | $577M | $603M | $561M | $506M | $566M | $636M | $696M | $720M | $723M | $817M |
| Property, plant and equipment | $181M | $190M | $192M | $190M | $173M | $172M | $174M | $188M | $182M | $222M |
| Goodwill | $41M | $46M | $33M | $33M | $39M | $39M | $45M | $46M | $25M | $112M |
| Total assets | $844M | $890M | $856M | $800M | $847M | $906M | $1.0B | $1.1B | $1.0B | $1.4B |
| Total current liabilities | $169M | $179M | $189M | $173M | $170M | $223M | $274M | $299M | $272M | $328M |
| Long-term debt | $4M | $2M | $60M | $700,000 | $400,000 | $200,000 | $78M | $72M | $105M | $320M |
| Total liabilities | $195M | $203M | $270M | $198M | $205M | $254M | $388M | $406M | $406M | $686M |
| Shareholders' equity | $648M | $686M | $585M | $602M | $642M | $651M | $627M | $653M | $638M | $682M |
| Net debt | -$76M | -$58M | $34M | -$48M | -$158M | -$134M | $12M | $9M | $14M | $264M |
Cash flow
Fiscal years, from Astec Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $135M | $42M | -$30M | $113M | $142M | $7M | -$74M | $28M | $23M | $61M |
| Capital spending | $27M | $20M | $27M | $23M | $15M | $20M | $41M | $34M | $20M | $41M |
| Free cash flow | $107M | $22M | -$57M | $89M | $126M | -$13M | -$115M | -$6M | $2M | $21M |
| Stock-based compensation | $3M | $3M | $2M | $3M | $5M | $6M | $7M | $4M | $5M | $7M |
| Dividends paid | $9M | $9M | $10M | $10M | $10M | $10M | $11M | $12M | $12M | $12M |
| Share buybacks (net) | $0 | $0 | -$24M | $0 | $0 | $0 | -$10M | $0 | $0 | — |
| Net borrowing | -$6M | -$7M | -$92M | -$224M | -$6M | -$6M | $84M | -$5M | $36M | $229M |
| Free cash flow margin | 9.4% | 1.8% | -4.9% | 7.6% | 12.3% | -1.2% | -9.0% | -0.5% | 0.2% | 1.5% |
| Dividends per share | $0.40 | $0.40 | $0.42 | $0.44 | $0.44 | $0.44 | $0.49 | $0.52 | $0.52 | $0.52 |
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Open ASTE in InvestinglyQuestions
What was Astec Industries's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Astec Industries generate?
$21M in fiscal 2025 (operating cash flow minus capital spending).
From Astec Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.