ASTE · Nasdaq · Industrials
Astec Industries, Inc. (ASTE) — Rank #250 by gross profitability (GP/assets 0.26) · ROE 5.6% · Piotroski F-Score 5 / 9.
As-of 2026-10-30 · CIK 0000792987 · all metrics point-in-time as of the filing date.
About
Astec Industries, Inc. designs, engineers, manufactures, markets, and services equipment and components used primarily in road building and related construction activities worldwide.
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The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants, cold central plant recycles systems, and soil remediation plants; concrete batch plants, liquid asphalt terminals, and thermal fluid heaters; asphalt pavers, material transfer vehicles, and milling machines; and industrial automation controls and telematics platforms, as well as engineering and environmental permitting, various plants components, polymer plants, heat recovery units, industrial and asphalt burners and systems, wood chippers and grinders, and blower trucks and trailers,. The Materials Solutions segment offers jaw, cone, heavy-duty, and mining-application crushers; horizontal and vertical shaft impactors; incline, multi-frequency and high frequency, horizontal, and dewatering screens; washing and classifying plants, fines recovery systems, and water clarification systems; radial and telescoping conveyors, pugmills, truck unloaders, hopper feeders ship loaders and unloaders, and bulk receptions feeders; and Rock breaker systems, hydraulic breakers, compactors, and pulverizers. It provides its products to asphalt or concrete producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies.
The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.
- Industry
- Farm & Heavy Construction Machinery
- Sector
- Industrials
- State
- TN
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- astecindustries.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
4,468
Industry
Farm & Heavy Construction Machinery
Exchange
Nasdaq
11/12
Flags passed
ASTE fails 1 critical flag
Passes 11 of 12 quality flags
- FAILBalance sheet deteriorating
Net cash collapsed with receivables or inventory outpacing revenue
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 60th percentile of 26 SIC 35 peers
Gross profitability (GP / assets)
0.26
Primary signal (Novy-Marx).
60th pctl of 26 SIC 35 peers
Return on equity
5.6%
Gross margin
26.5%
8th pctl of 26 SIC 35 peers
Revenue growth (YoY)
8.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
3.4%
Revenue CAGR (5Y)
6.6%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 47% below net income
Free cash flow
$20.70M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
-46.6%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.5%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Warning: Balance sheet deteriorating · net debt $291.70M, F-Score 5/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.05
28th pctl of 26 SIC 35 peers (best = lowest)
Current ratio
2.52×
76th pctl of 26 SIC 35 peers
Quick ratio
0.92×
Net cash
-$291.70M
Cash & equivalents minus total debt.
Piotroski F-Score
5 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
2.0 / 5
Capital allocation quality
Composite score
0.7 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports