Astrotech Corp. (ASTC) intrinsic value & 10-year financials

Astrotech Corp. (ASTC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 9.9% a year to $1.0M, with an average return on invested capital of -21.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$4.93
Revenue (FY2025)
$1.0M
Revenue growth (10-yr CAGR)
-9.9%
ROIC (10-yr avg)
-21.6%
Free cash flow (FY2025)
-$13.8M

ASTC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.0M -$13.8M — -$13.8M -1404.6% -64.5%
FY2024 $1.7M -$11.7M — -$10.3M -798.1% -48.1%
FY2023 $750.0K -$9.6M — -$9.5M -1474.7% -38.3%
FY2022 $869.0K -$8.3M — -$7.4M -989.1% -32.8%
FY2021 $334.0K -$7.6M — -$7.6M -2368.3% -66.1%
FY2020 $488.0K -$8.3M — — -1662.7% 520.5%
FY2019 $127.0K -$7.5M — — -6627.6% -219.7%
FY2018 $86.0K -$13.3M — -$10.8M -15508.1% -148.0%
FY2017 $2.3M -$11.6M — -$9.3M -518.0% -62.1%
FY2016 $2.7M -$13.1M — -$14.1M -518.1% -56.9%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

ASTROTECH Corp is facing top-line stagnation, with revenue contracting over the decade.

ASTROTECH Corp has historically struggled to out-earn its cost of capital, averaging just -51.4% ROIC.

Over the decade, ASTROTECH Corp shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ASTROTECH Corp is modeled at -9.9% normalized earnings growth with a 5.1% bond-yield adjustment.

ASTC stock: frequently asked questions

How fast has Astrotech Corp. grown?

Revenue went from $2.7M in fiscal 2016 to $1.0M in fiscal 2025, a compound annual growth rate of -9.9%. Net income was -$13.8M in fiscal 2025.

Does Astrotech Corp. generate free cash flow?

Astrotech Corp. generated -$13.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is ASTC's return on invested capital?

Average ROIC over the last 10 fiscal years was -21.6%, and average return on equity was -108.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ASTC data come from?

From Astrotech Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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