ASTE

MKT CAP:$1B

Astec Industries, Inc.

Market Cap

$1B

Industrials·Agricultural - Machinery·🇺🇸 United States·NASDAQ

Industrials·Agricultural·🇺🇸·NASDAQ

Stock Price

$57.96+$13.33 (+29.87%)

Apr 22, 2026

Company Details

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. The company operates in two segments...

CEO

Jaco G. van der Merwe

IPO Date

Jun 18, 1986

Website

www.astecindustries.com

Key Metrics TTM

Revenue

$1.3B

+1.7% YoY

Net Income

-$10M

EPS (Diluted)

-$0.44

Free Cash Flow

$28M

Revenue / Share

$57.51

Gross Margin

25.0%

Operating Margin

0.3%

Net Margin

-0.8%

FCF Margin

2.1%

P/S

1.0x

P/E

—

Earnings Reports

Q4 2025

May 5, 2026

PENDING

FY 2025

Feb 25, 2026

$1.4BEPS $1.68

Q3 2025

Nov 5, 2025

$350M+20.1%EPS -$0.18

Q1 2025

Apr 29, 2025

$329MEPS $0.62

Q3 2024

Nov 7, 2024

$291MEPS -$0.27

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$273M	$1M	-$50M
Q4 18	$317M	-$2M	-$69M
Q1 19	$326M	$77M	$18M
Q2 19	$305M	$83M	$30M
Q4 19	$283M	$28M	-$25M
Q4 20	$239M	$57M	$16M
Q1 21	$284M	$68M	$10M
Q2 21	$278M	$66M	$13M
Q1 22	$291M	$65M	$4M
Q2 22	$318M	$61M	$6M
Q1 23	$348M	$89M	$18M
Q4 23	$337M	$89M	$19M
Q2 24	$346M	$81M	-$11M
Q3 24	$291M	$67M	-$7M
Q1 25	$329M	$93M	$21M
Q3 25	$350M	$89M	$1M

Valuation

Quarter	P/S	P/E
Q2 18	1.1x	148.4x
Q4 18	1.1x	—
Q1 19	1.1x	—
Q2 19	1.1x	—
Q4 19	1.1x	—
Q4 20	1.2x	39.1x
Q1 21	1.2x	46.9x
Q2 21	1.3x	97.9x
Q1 22	1.2x	37.3x
Q2 22	1.2x	79.7x
Q1 23	1.1x	65.8x
Q4 23	1.0x	49.8x
Q2 24	1.0x	149.0x
Q3 24	1.0x	199.4x
Q1 25	1.0x	150.6x
Q3 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	$31M	$27M
Q4 18	-$9M	-$19M
Q1 19	$12M	$8M
Q2 19	$31M	$26M
Q4 19	$29M	$24M
Q4 20	$38M	$34M
Q1 21	$15M	$11M
Q2 21	$16M	$12M
Q1 22	-$10M	-$21M
Q2 22	-$32M	-$40M
Q1 23	-$19M	-$27M
Q4 23	$47M	$38M
Q2 24	$11M	$3M
Q3 24	$23M	$20M
Q1 25	$21M	$17M
Q3 25	-$8M	-$12M

Capital Expenditures

Quarter	CapEx
Q2 18	$4M
Q4 18	$10M
Q1 19	$4M
Q2 19	$5M
Q4 19	$5M
Q4 20	$4M
Q1 21	$3M
Q2 21	$4M
Q1 22	$12M
Q2 22	$7M
Q1 23	$8M
Q4 23	$9M
Q2 24	$8M
Q3 24	$3M
Q1 25	$4M
Q3 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 18	-16.5%	+4.9%
Q4 18	-0.4%	+30.7%
Q1 19	+7.9%	+9.6%
Q2 19	-6.3%	-8.4%
Q4 19	+3.9%	-4.6%
Q4 20	-24.6%	-42.2%
Q1 21	-12.7%	-10.6%
Q2 21	-8.9%	-3.6%
Q1 22	+2.8%	-6.7%
Q2 22	+33.2%	+39.8%
Q1 23	+22.3%	+20.2%
Q4 23	+21.5%	+20.4%
Q2 24	+18.6%	+24.0%
Q3 24	-8.4%	-4.4%
Q1 25	-5.3%	-6.5%
Q3 25	+3.8%	+9.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$418.0K	0.2%
Q4 18	$412.0K	0.1%
Q1 19	$1M	0.3%
Q2 19	$701.0K	0.2%
Q4 19	$0	0.0%
Q4 20	$286.0K	0.1%
Q1 21	$1M	0.5%
Q2 21	$2M	0.5%
Q1 22	$2M	0.6%
Q2 22	$2M	0.5%
Q1 23	$800.0K	0.2%
Q4 23	$600.0K	0.2%
Q2 24	$0	0.0%
Q3 24	$1M	0.5%
Q1 25	$2M	0.5%
Q3 25	$2M	0.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 18	—	$51M	$635.0K	—
Q4 18	—	$26M	$28M	—
Q1 19	—	$58M	—	—
Q2 19	—	$53M	—	—
Q4 19	—	$25M	$27M	—
Q4 20	—	—	—	$41M
Q1 21	$6M	—	—	—
Q2 21	$7M	—	—	$46M
Q1 22	—	—	—	$54M
Q2 22	$8M	—	—	$47M
Q1 23	—	—	—	$68M
Q4 23	$21M	$34M	$2M	—
Q2 24	—	—	—	$71M
Q3 24	—	—	—	$66M

Revenue Segments

Quarter	Aggregate and Mining Group Segment	Energy Group	Infrastructure Group	Material Solutions
Q1 19	$107M	$64M	$155M	—
Q2 19	$107M	$65M	$133M	—
Q4 19	$92M	$75M	$116M	—
Q1 21	—	—	$202M	$83M
Q2 21	—	—	$180M	$98M
Q1 22	—	—	$198M	$94M
Q2 22	—	—	$210M	$107M
Q1 23	—	—	$230M	$114M
Q2 24	—	—	$221M	$124M
Q3 24	—	—	$165M	$126M
Q1 25	—	—	$245M	$96M
Q3 25	—	—	$200M	$158M

Revenue by Geography

Quarter	Australia	Africa	Canada	Central America	Europe	Others	South America	United States	Brazil	Mexico	Asia	Central America (Excluding Mexico)	South America (excluding Brazil)
Q1 21	$9M	$11M	$17M	$4M	$5M	$5M	$8M	$226M	—	—	—	—	—
Q2 21	$12M	$8M	$21M	—	$14M	$5M	$5M	$201M	$5M	$8M	—	—	—
Q1 22	$10M	$9M	$14M	$3M	$5M	$2M	$5M	$235M	$4M	$700.0K	$4M	—	—
Q2 22	$10M	$6M	$22M	$1M	$8M	$900.0K	$7M	$248M	$7M	$4M	$3M	—	—
Q1 23	$10M	$8M	$22M	$2M	$11M	$2M	—	$281M	$5M	$800.0K	$900.0K	—	—
Q4 23	$11M	$8M	$10M	$500.0K	—	—	—	$286M	$5M	$2M	—	$4M	$20M
Q2 24	$10M	$12M	$23M	$700.0K	$8M	$600.0K	—	$272M	$6M	$7M	$4M	—	—
Q3 24	$25M	$9M	$11M	$1M	$8M	$400.0K	—	$211M	$9M	$11M	$3M	—	—
Q1 25	$5M	$8M	$15M	—	$7M	$600.0K	—	$274M	$6M	$3M	$7M	$400.0K	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$112M	$6M	$118M
Q2 22	$51M	$6M	$56M
Q3 22	$21M	$4M	$25M
Q4 22	$63M	$4M	$67M
Q1 23	$43M	$4M	$46M
Q2 23	$45M	$4M	$49M
Q3 23	$74M	$6M	$80M
Q4 23	$63M	$6M	$69M
Q1 24	$58M	$6M	$64M
Q2 24	$63M	$5M	$68M
Q3 24	$55M	$4M	$59M
Q4 24	$88M	$3M	$91M
Q1 25	$93M	$3M	$95M
Q2 25	$89M	$3M	$92M
Q3 25	$69M	$3M	$72M
Q4 25	$72M	$0	$72M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	23M	-0.8%	-0.4%
Q4 18	23M	-2.1%	-2.6%
Q1 19	23M	+0.3%	-2.3%
Q2 19	23M	+0.1%	-2.4%
Q4 19	23M	-0.6%	-2.3%
Q4 20	23M	+1.9%	+1.6%
Q1 21	23M	-0.3%	+1.0%
Q2 21	23M	+0.2%	+1.1%
Q1 22	23M	-0.1%	+1.7%
Q2 22	23M	-0.2%	-0.4%
Q1 23	23M	-0.5%	-0.6%
Q4 23	23M	+0.2%	-0.5%
Q2 24	23M	-0.0%	-0.5%
Q3 24	23M	+0.1%	-0.2%
Q1 25	23M	+0.7%	+1.0%
Q3 25	23M	-0.4%	+0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 18	$159.2K	2K
Q4 18	$195.0K	2K
Q1 19	$200.4K	2K
Q2 19	$187.5K	2K
Q4 19	$197.1K	1K
Q4 20	$67.5K	4K
Q1 21	$80.4K	4K
Q2 21	$78.5K	4K
Q1 22	$72.1K	4K
Q2 22	$78.7K	4K
Q1 23	$81.1K	4K
Q4 23	$78.0K	4K
Q2 24	$79.9K	4K
Q3 24	$67.4K	4K
Q1 25	$79.4K	4K
Q3 25	$84.4K	4K

Revenue / Employee