Symbols / ISSC Stock $21.22 -0.70% Innovative Aerosystems, Inc.

Industrials • Aerospace & Defense • United States • NMS
ISSC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Aerospace & Defense
CEO Dr. Shahram Askarpour
Exch · Country NMS · United States
Market Cap 377.26M
Enterprise Value 395.17M
Income 18.95M
Sales 90.14M
FCF (ttm) 7.52M
Book/sh 3.87
Cash/sh 0.47
Employees 147
Insider 10d —
IPO Aug 04, 2000
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 20.02
Forward P/E 23.32
PEG 0.83
P/S 4.19
P/B 5.49
P/C —
EV/EBITDA 13.91
EV/Sales 4.38
Quick Ratio 1.32
Current Ratio 2.96
Debt/Eq 34.23
LT Debt/Eq —
EPS (ttm) 1.06
EPS next Y 0.91
EPS Growth 4.50%
Revenue Growth 36.60%
EPS Gr Q/Q 4.51%
Rev Gr Q/Q —
Earnings (next) 2026-05-14
Earnings (prior) 2026-02-12
ROA 16.36%
ROE 32.53%
ROIC —
Gross Margin 50.80%
Oper. Margin 28.85%
Profit Margin 21.02%
Shs Outstand 17.78M
Shs Float 16.31M
Insider Own 18.68%
Instit Own 52.29%
Short Float 2.48%
Short Ratio 0.78
Short Interest 414.62K
52W High 30.94
vs 52W High -31.42%
52W Low 7.10
vs 52W Low 198.87%
Beta 0.71
Impl. Vol. 1.77%
Rel Volume 0.61
Avg Volume 597.24K
Volume 363.91K
Target (mean) $27.75
Tgt Median $26.00
Tgt Low $25.00
Tgt High $34.00
# Analysts 4
Recom None
Prev Close $21.37
Price $21.22
Change -0.70%
About

Innovative Aerosystems, Inc., engages in the engineering, manufacturing, and supply of advanced avionic solutions. The company provides autothrottles; LPV Navigators; standby displays; COM/NAV/surveillance radio management systems; air data solutions; inertial reference systems; utilities management systems; and air data, attitude and heading reference systems. It also offers flat panel display systems, inertial reference systems, integrated global navigation systems, global positioning systems, c-130 engine instrument display systems, liberty flight deck, and communications/navigation products. The company serves business aircrafts, commercial airlines, military, virtual cp-pilots, and turbo prop. The company was formerly known as Innovative Solutions and Support, Inc. and changed its name to Innovative Aerosystems, Inc. in October 2025. Innovative Aerosystems, Inc. was incorporated in 1988 and is based in Exton, Pennsylvania.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$27.75
Mean price target
2. Current target
$21.22
Latest analyst target
3. DCF / Fair value
$7.62
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.22
Low
$25.00
High
$34.00
Mean
$27.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-19 main Freedom Broker Buy → Buy $20
2025-11-21 init Northland Capital Markets — → Outperform $17
2023-10-13 main EF Hutton Buy → Buy $12
2023-08-11 reit EF Hutton Buy → Buy $14
2023-07-14 main EF Hutton Buy → Buy $14
2023-07-11 reit EF Hutton Buy → Buy $11
2023-04-05 init EF Hutton — → Buy $11
News
RSS: Latest ISSC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-16 CAROLIN ROGER ANTHONY Director — 5,618 $0.00 $0
2026-04-16 BELLAND STEPHEN L. Director — 5,618 $0.00 $0
2025-11-20 ASKARPOUR SHAHRAM Chief Executive Officer — 201,000 — —
2025-11-20 ASKARPOUR SHAHRAM Chief Executive Officer — 201,000 — —
2025-06-30 HARBORNE CHRISTOPHER Beneficial Owner of more than 10% of a Class of Security — 217,508 $13.50 $2,976,518
2025-06-26 HARBORNE CHRISTOPHER Beneficial Owner of more than 10% of a Class of Security — 59,667 $13.21 $788,213
2025-06-25 HARBORNE CHRISTOPHER Beneficial Owner of more than 10% of a Class of Security — 90,655 $12.92 $1,171,417
2025-06-23 HARBORNE CHRISTOPHER Beneficial Owner of more than 10% of a Class of Security — 89,414 $12.50 $1,117,246
2025-06-20 HARBORNE CHRISTOPHER Beneficial Owner of more than 10% of a Class of Security — 31,953 $12.25 $391,424
2025-06-18 HARBORNE CHRISTOPHER Beneficial Owner of more than 10% of a Class of Security — 17,198 $12.28 $211,117
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
84.30
+78.60%
47.20
+35.59%
34.81
+25.48%
27.74
Operating Revenue
84.30
+78.60%
47.20
+35.59%
34.81
+25.48%
27.74
Cost Of Revenue
43.79
+105.71%
21.28
+57.69%
13.50
+21.97%
11.07
Reconciled Cost Of Revenue
43.79
+105.71%
21.28
+57.69%
13.50
+21.97%
11.07
Gross Profit
40.51
+56.33%
25.91
+21.60%
21.31
+27.81%
16.67
Operating Expense
20.44
+25.77%
16.25
+16.49%
13.95
+47.50%
9.46
Research And Development
3.99
-3.53%
4.14
+32.22%
3.13
+15.69%
2.71
Selling General And Administration
16.45
+35.77%
12.11
+11.93%
10.82
+60.24%
6.75
Total Expenses
64.22
+71.10%
37.54
+36.75%
27.45
+33.73%
20.53
Operating Income
20.07
+107.75%
9.66
+31.29%
7.36
+1.99%
7.22
Total Operating Income As Reported
20.07
+107.75%
9.66
+31.29%
7.36
+1.99%
7.22
EBITDA
25.41
+113.77%
11.89
+36.22%
8.73
+13.18%
7.71
Normalized EBITDA
25.41
+113.77%
11.89
+36.22%
8.73
+13.18%
7.71
Reconciled Depreciation
3.73
+77.97%
2.10
+200.59%
0.70
+89.40%
0.37
EBIT
21.68
+121.44%
9.79
+21.93%
8.03
+9.36%
7.34
Net Income
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Pretax Income
19.95
+125.40%
8.85
+15.93%
7.64
+4.00%
7.34
Net Non Operating Interest Income Expense
-1.71
-110.66%
-0.81
-748.46%
0.12
+104.59%
0.06
Interest Expense Non Operating
1.73
+84.06%
0.94
+138.33%
0.39
0.00
Net Interest Income
-1.71
-110.66%
-0.81
-748.46%
0.12
+104.59%
0.06
Interest Expense
1.73
+84.06%
0.94
+138.33%
0.39
0.00
Interest Income Non Operating
0.02
-85.12%
0.13
-75.43%
0.52
+748.78%
0.06
Interest Income
0.02
-85.12%
0.13
-75.43%
0.52
+748.78%
0.06
Other Income Expense
1.59
—
0.15
+131.97%
0.07
Other Non Operating Income Expenses
1.59
—
0.15
+131.97%
0.07
Tax Provision
4.32
+133.32%
1.85
+15.28%
1.61
-11.57%
1.82
Tax Rate For Calcs
0.00
+3.83%
0.00
-0.95%
0.00
-14.57%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Net Income From Continuing Operation Net Minority Interest
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Net Income From Continuing And Discontinued Operation
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Net Income Continuous Operations
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Normalized Income
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Net Income Common Stockholders
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Diluted EPS
0.88
+120.00%
0.40
+14.29%
0.35
+9.37%
0.32
Basic EPS
0.89
+122.50%
0.40
+14.29%
0.35
+9.37%
0.32
Basic Average Shares
17.57
+0.65%
17.46
+0.28%
17.41
+0.90%
17.26
Diluted Average Shares
17.83
+2.00%
17.48
+0.30%
17.43
+0.98%
17.26
Diluted NI Availto Com Stockholders
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
103.36
+25.46%
82.38
+30.85%
62.96
+81.41%
34.71
Current Assets
50.73
+46.25%
34.69
+0.03%
34.67
+22.95%
28.20
Cash Cash Equivalents And Short Term Investments
2.69
+399.76%
0.54
-82.60%
3.10
-82.05%
17.25
Cash And Cash Equivalents
2.69
+399.76%
0.54
-82.60%
3.10
-82.05%
17.25
Receivables
18.28
+27.88%
14.29
+39.70%
10.23
+129.38%
4.46
Accounts Receivable
12.96
+2.73%
12.61
+29.44%
9.74
+126.73%
4.30
Other Receivables
5.32
+216.68%
1.68
+244.88%
0.49
+199.33%
0.16
Inventory
25.80
+102.65%
12.73
+107.38%
6.14
+14.78%
5.35
Raw Materials
22.45
+127.59%
9.86
+91.05%
5.16
+15.98%
4.45
Work In Process
2.30
+69.10%
1.36
+40.40%
0.97
+21.51%
0.80
Finished Goods
1.06
-29.86%
1.51
+14102.54%
0.01
-89.60%
0.10
Prepaid Assets
3.82
-42.43%
6.64
-47.72%
12.69
+1532.85%
0.78
Restricted Cash
—
—
—
—
Assets Held For Sale Current
—
0.00
-100.00%
2.06
0.00
Other Current Assets
0.13
-72.28%
0.49
+8.07%
0.45
+23.19%
0.37
Total Non Current Assets
52.63
+10.35%
47.70
+68.64%
28.28
+334.93%
6.50
Net PPE
19.37
+44.79%
13.37
+69.14%
7.91
+25.10%
6.32
Gross PPE
33.29
+29.12%
25.78
+30.02%
19.83
+8.64%
18.25
Accumulated Depreciation
-13.93
-12.23%
-12.41
-4.08%
-11.92
+0.09%
-11.93
Properties
0.00
0.00
0.00
0.00
Land And Improvements
1.02
+0.00%
1.02
+0.00%
1.02
+0.00%
1.02
Buildings And Improvements
11.60
+87.12%
6.20
+4.59%
5.93
—
Machinery Furniture Equipment
4.15
+22.14%
3.40
+2.62%
3.31
-71.38%
11.58
Other Properties
16.52
+8.94%
15.16
+58.46%
9.57
+69.26%
5.65
Goodwill And Other Intangible Assets
30.29
-6.02%
32.23
+63.22%
19.74
+32615.59%
0.06
Goodwill
6.70
+28.58%
5.21
+46.52%
3.56
0.00
Other Intangible Assets
23.58
-12.70%
27.01
+66.89%
16.19
+26719.98%
0.06
Non Current Deferred Assets
2.82
+73.78%
1.63
+256.09%
0.46
+881.76%
0.05
Non Current Deferred Taxes Assets
2.82
+73.78%
1.63
+256.09%
0.46
+881.76%
0.05
Other Non Current Assets
0.16
-66.53%
0.47
+166.97%
0.18
+134.60%
0.08
Total Liabilities Net Minority Interest
38.76
+8.43%
35.74
+46.97%
24.32
+514.87%
3.96
Current Liabilities
16.66
+129.33%
7.27
+13.54%
6.40
+62.40%
3.94
Payables And Accrued Expenses
11.74
+69.54%
6.92
+63.22%
4.24
+15.68%
3.67
Payables
6.86
+62.71%
4.21
+67.35%
2.52
+44.78%
1.74
Accounts Payable
3.58
+54.54%
2.32
+73.15%
1.34
+88.66%
0.71
Dividends Payable
—
—
—
—
Current Accrued Expenses
4.88
+80.16%
2.71
+57.19%
1.72
-10.58%
1.93
Total Tax Payable
3.28
+72.67%
1.90
+60.78%
1.18
+14.61%
1.03
Income Tax Payable
2.05
+71.26%
1.19
0.00
—
Current Debt And Capital Lease Obligation
2.44
+116033.43%
0.00
-99.90%
2.01
+14684.91%
0.01
Current Debt
2.44
—
2.00
—
Other Current Borrowings
—
—
2.00
—
Current Capital Lease Obligation
—
0.00
-83.80%
0.01
-4.77%
0.01
Current Deferred Liabilities
2.48
+628.95%
0.34
+137.50%
0.14
-44.69%
0.26
Current Deferred Revenue
2.48
+628.95%
0.34
+137.50%
0.14
-44.69%
0.26
Total Non Current Liabilities Net Minority Interest
22.10
-22.41%
28.48
+58.91%
17.92
+118861.22%
0.02
Long Term Debt And Capital Lease Obligation
21.70
-22.57%
28.03
+60.15%
17.50
+116063.29%
0.02
Long Term Debt
21.70
-22.57%
28.03
+60.15%
17.50
—
Long Term Capital Lease Obligation
—
—
—
0.02
Non Current Deferred Liabilities
—
—
—
—
Non Current Deferred Taxes Liabilities
—
—
—
—
Other Non Current Liabilities
0.40
-12.15%
0.45
+7.08%
0.42
+2697.93%
0.02
Stockholders Equity
64.60
+38.52%
46.64
+20.71%
38.64
+25.65%
30.75
Common Stock Equity
64.60
+38.52%
46.64
+20.71%
38.64
+25.65%
30.75
Capital Stock
0.02
+0.73%
0.02
-10.44%
0.02
+0.67%
0.02
Common Stock
0.02
+0.73%
0.02
-10.44%
0.02
+0.67%
0.02
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
17.97
-8.31%
19.60
+0.28%
19.54
+0.67%
19.41
Ordinary Shares Number
17.63
+0.73%
17.50
+0.32%
17.45
+0.76%
17.32
Treasury Shares Number
0.34
-83.80%
2.10
+0.00%
2.10
+0.00%
2.10
Additional Paid In Capital
39.75
+6.24%
37.42
-31.12%
54.32
+3.54%
52.46
Retained Earnings
28.29
+123.37%
12.67
+123.46%
5.67
+1678.84%
-0.36
Treasury Stock
3.46
+0.00%
3.46
-83.80%
21.37
+0.00%
21.37
Total Equity Gross Minority Interest
64.60
+38.52%
46.64
+20.71%
38.64
+25.65%
30.75
Total Capitalization
86.30
+15.59%
74.67
+33.01%
56.14
+82.56%
30.75
Working Capital
34.07
+24.24%
27.42
-3.02%
28.27
+16.54%
24.26
Invested Capital
88.74
+18.85%
74.67
+28.43%
58.14
+89.06%
30.75
Total Debt
24.14
-13.87%
28.03
+43.63%
19.51
+143219.61%
0.01
Net Debt
21.45
-21.98%
27.49
+67.58%
16.40
—
Capital Lease Obligations
—
0.00
-83.80%
0.01
-4.77%
0.01
Net Tangible Assets
34.32
+138.09%
14.41
-23.71%
18.89
-38.44%
30.69
Tangible Book Value
34.32
+138.09%
14.41
-23.71%
18.89
-38.44%
30.69
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
13.30
+129.52%
5.80
+176.51%
2.10
-65.61%
6.09
Cash Flow From Continuing Operating Activities
13.30
+129.52%
5.80
+182.49%
2.05
-66.33%
6.09
Net Income From Continuing Operations
15.63
+123.30%
7.00
+16.10%
6.03
+9.12%
5.52
Depreciation Amortization Depletion
3.73
+77.97%
2.10
+200.59%
0.70
+89.40%
0.37
Depreciation
1.52
+67.45%
0.91
+112.16%
0.43
—
Amortization Cash Flow
2.22
+85.98%
1.19
+340.22%
0.27
—
Depreciation And Amortization
3.73
+77.97%
2.10
+200.59%
0.70
+89.40%
0.37
Amortization Of Intangibles
2.22
+85.98%
1.19
+340.22%
0.27
—
Other Non Cash Items
0.04
—
0.04
—
Stock Based Compensation
2.34
+132.86%
1.00
-30.83%
1.45
+326.67%
0.34
Asset Impairment Charge
0.00
0.00
-100.00%
0.04
0.00
Deferred Tax
-1.25
-10.29%
-1.14
-12062.63%
0.01
-99.07%
1.02
Deferred Income Tax
-1.25
-10.29%
-1.14
-12062.63%
0.01
-99.07%
1.02
Operating Gains Losses
—
-0.16
—
-1.19
Gain Loss On Sale Of PPE
0.00
+100.00%
-0.16
0.00
+100.00%
-1.19
Change In Working Capital
-7.18
-138.88%
-3.01
+51.34%
-6.18
-16966.86%
0.04
Change In Receivables
-3.98
+1.91%
-4.06
+29.61%
-5.77
-1294.34%
-0.41
Changes In Account Receivables
-0.34
+88.01%
-2.87
+47.33%
-5.45
-2068.79%
-0.25
Change In Inventory
-9.67
-313.64%
-2.34
-180.05%
-0.83
-17.78%
-0.71
Change In Prepaid Assets
-0.48
-159.03%
0.81
+1068.58%
0.07
+122.45%
-0.31
Change In Payables And Accrued Expense
4.82
+79.76%
2.68
+365.99%
0.58
-64.65%
1.63
Change In Accrued Expense
2.70
+333.07%
0.62
+206.42%
0.20
-83.99%
1.27
Change In Payable
2.11
+2.83%
2.06
+453.54%
0.37
+4.84%
0.35
Change In Account Payable
1.26
+29.11%
0.98
+55.66%
0.63
+637.39%
0.09
Change In Other Working Capital
2.14
+986.36%
0.20
+270.19%
-0.12
+26.84%
-0.16
Change In Other Current Assets
-0.00
+98.38%
-0.29
-191.02%
-0.10
0.00
Investing Cash Flow
-6.51
+61.42%
-16.88
+53.31%
-36.16
-1496.43%
2.59
Cash Flow From Continuing Investing Activities
-6.51
+61.42%
-16.88
+53.31%
-36.16
-1496.43%
2.59
Net PPE Purchase And Sale
-6.51
-515.31%
1.57
+625.52%
-0.30
-111.52%
2.59
Purchase Of PPE
-6.51
-890.00%
-0.66
-120.46%
-0.30
-85.06%
-0.16
Sale Of PPE
0.00
-100.00%
2.23
0.00
-100.00%
2.75
Capital Expenditure
-6.51
-890.00%
-0.66
-120.46%
-0.30
-85.06%
-0.16
Net Business Purchase And Sale
0.00
+100.00%
-14.20
+60.40%
-35.86
0.00
Purchase Of Business
0.00
+100.00%
-14.20
+60.40%
-35.86
0.00
Net Other Investing Changes
—
-4.25
—
—
Financing Cash Flow
-4.64
-154.38%
8.53
-57.17%
19.91
+6510.85%
0.30
Cash Flow From Continuing Financing Activities
-4.64
-154.38%
8.53
-57.17%
19.91
+6510.85%
0.30
Net Issuance Payments Of Debt
-3.65
-142.83%
8.53
-56.27%
19.50
0.00
Issuance Of Debt
25.00
-52.25%
52.35
+161.76%
20.00
0.00
Repayment Of Debt
-28.65
+34.62%
-43.83
-8665.17%
-0.50
0.00
Long Term Debt Issuance
25.00
-52.25%
52.35
+161.76%
20.00
0.00
Long Term Debt Payments
-28.65
+34.62%
-43.83
-8665.17%
-0.50
0.00
Net Long Term Debt Issuance
-3.65
-142.83%
8.53
-56.27%
19.50
0.00
Short Term Debt Issuance
—
—
—
0.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Cash Dividends Paid
—
—
0.00
0.00
Proceeds From Stock Option Exercised
0.00
0.00
-100.00%
0.41
+35.76%
0.30
Net Other Financing Charges
-0.98
—
—
—
Changes In Cash
2.15
+184.22%
-2.56
+81.93%
-14.15
-257.52%
8.98
Beginning Cash Position
0.54
-82.60%
3.10
-82.05%
17.25
+108.70%
8.27
End Cash Position
2.69
+399.76%
0.54
-82.60%
3.10
-82.05%
17.25
Free Cash Flow
6.79
+32.17%
5.14
+185.82%
1.80
-69.70%
5.93
Interest Paid Supplemental Data
1.54
+81.44%
0.85
+224.69%
0.26
0.00
Income Tax Paid Supplemental Data
4.73
+147.02%
1.91
+3.15%
1.86
+249.04%
0.53
Change In Income Tax Payable
0.85
-21.03%
1.08
+519.17%
-0.26
-195.55%
0.27
Change In Tax Payable
0.85
-21.03%
1.08
+519.17%
-0.26
-195.55%
0.27
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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