ATS Corporation (ATS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.3	$0.25	-16.7%	—	$693.7M	—
Q4 26	$0.32	$0.26	-18.8%	—	$747.1M	—
Q3 26	$0.32	$0.34	+6.3%	—	$760.7M	—
Q2 26	$0.31	$0.32	+3.2%	—	$728.5M	—
Q1 26	$0.31	$0.3	-3.2%	—	$736.7M	—
Q4 25	$0.28	$0.3	+7.1%	—	$574.2M	—
Q3 25	$0.23	$0.22	-4.3%	—	$477M	—
Q2 25	$0.24	$0.18	-25.0%	—	$436.5M	—
Q1 25	$0.38	$0.36	-5.3%	—	$694.3M	—
Q4 24	$0.42	$0.48	+14.3%	—	$791.5M	—
Q3 24	$0.48	$0.48	0.0%	—	$752.1M	—
Q2 24	$0.47	$0.46	-2.1%	—	$735.7M	—
Q1 24	$0.49	$0.51	+4.1%	—	$753.6M	—
Q4 23	$0.39	$0.54	+38.5%	—	$730.8M	—
Q3 23	$0.4	$0.39	-2.5%	—	$647M	—
Q2 23	$0.38	$0.37	-2.6%	—	$589M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.73	—	—	$3B	—
FY25	—	-$0.29	—	—	$2.5B	—
FY24	—	$1.98	—	—	$3B	—
FY23	—	$1.39	—	—	$2.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1B	$1.1B	$1.3B	$1.4B	$1.4B	$2.2B	$2.6B	$3B	$2.5B	$3B
YoY change	-2.76%	+10.3%	+12.4%	+14%	+0.02%	+52.6%	+18.1%	+17.7%	-16.5%	+17.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1B	1.1B	1.3B	1.4B	1.4B	2.2B	2.6B	3B	2.5B	3B
Cost of revenue	760.2M	826.8M	924.9M	1.1B	1B	1.6B	1.9B	2.2B	1.9B	2.1B
Gross profit	250.7M	288.2M	328.7M	362.1M	384.3M	612.4M	725.8M	855.5M	646.6M	850.9M
Gross margin	24.8%	25.8%	26.2%	25.3%	26.9%	28.1%	28.2%	28.2%	25.5%	28.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	178.7M	202.7M	213.9M	239.9M	250.3M	340.6M	393.8M	431.6M	525.9M	543.8M
Operating expenses	178.7M	202.7M	213.9M	239.9M	250.3M	340.6M	393.8M	431.6M	525.9M	543.8M
Operating income	71.9M	85.5M	114.8M	122.2M	134M	192.6M	250M	338.2M	33.2M	221.9M
Operating margin	7.12%	7.67%	9.16%	8.55%	9.37%	8.82%	9.7%	11.2%	1.31%	7.46%
Non-operating income, net	—	—	—	-26.6M	-14.4M	-5.9M	-27.5M	-22.8M	-24M	-23.1M
Pretax income	46.4M	61.7M	93.9M	67.5M	79.5M	154.4M	159.8M	246.7M	-82.9M	99.2M
Income tax	11.4M	14.5M	23.1M	14.6M	15.4M	33M	32.1M	52.5M	-55M	27.5M
Net income	35M	47.2M	70.8M	53M	64.1M	121.4M	127.7M	194.2M	-28M	71.7M
Net margin	3.46%	4.23%	5.64%	3.7%	4.48%	5.56%	4.95%	6.4%	-1.1%	2.41%
EBITDA	107.2M	124.1M	162.3M	195.7M	206.5M	308.5M	377.4M	481.3M	191.9M	386.7M
EPS	0.38	0.5	0.76	0.57	0.7	1.32	1.39	1.98	-0.29	0.73
Diluted EPS	0.38	0.5	0.75	0.57	0.69	1.32	1.38	1.97	-0.29	0.73

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	735.7M	752.1M	791.5M	694.3M	436.5M	477M	574.2M	736.7M	728.5M	760.7M	747.1M	693.7M
Cost of revenue	527.3M	538.4M	570.7M	487.6M	308.1M	332.2M	512.4M	516.9M	510.6M	535.8M	558.8M	503.8M
Gross profit	208.4M	213.6M	220.7M	206.6M	128.4M	144.8M	61.8M	219.8M	217.9M	224.9M	188.3M	190M
Gross margin	28.3%	28.4%	27.9%	29.8%	29.4%	30.4%	10.8%	29.8%	29.9%	29.6%	25.2%	27.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	125.4M	118.9M	53.7M	139.1M	100.5M	118.2M	84.4M	159.6M	142.6M	161.7M	79.9M	160.1M
Operating expenses	125.4M	118.9M	53.7M	139.1M	100.5M	118.2M	84.4M	159.6M	142.6M	161.7M	79.9M	160.1M
Operating income	83M	94.8M	81.3M	67.6M	28M	26.7M	-110M	60.3M	75.2M	63.2M	23.2M	29.9M
Operating margin	11.3%	12.6%	10.3%	9.74%	6.4%	5.59%	-19.2%	8.18%	10.3%	8.31%	3.11%	4.31%
Non-operating income, net	—	-16.2M	-6.6M	—	-12.2M	-2.5M	-3.5M	-2.5M	—	-5.5M	-15.2M	-5.7M
Pretax income	67.6M	61M	56M	48.1M	-973.1K	7.8M	-140.3M	32.1M	50.8M	33.6M	-17.4M	3.5M
Income tax	16.8M	13.8M	7.5M	12.7M	-318.4K	3M	-71.4M	7.9M	17.2M	3.6M	-1.2M	3.8M
Net income	50.7M	47.2M	48.5M	35.3M	-654.7K	4.8M	-68.9M	24.3M	33.6M	30M	-16.2M	-255K
Net margin	6.9%	6.27%	6.13%	5.09%	-0.15%	1%	-12%	3.29%	4.62%	3.95%	-2.17%	-0.04%
EBITDA	117.6M	130.7M	118.1M	105.4M	56.4M	57.6M	-71.3M	97.7M	114.8M	103.7M	70.5M	70.6M
EPS	0.51	0.48	—	0.36	-0.01	0.07	—	0.25	0.34	0.31	—	0
Diluted EPS	0.51	0.47	—	0.36	-0.01	0.07	—	0.25	0.34	0.3	—	0

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.3B	1.8B	1.9B	1.4B	2.8B	4.7B	5.4B	—	2.4B	2.8B	1.8B
Enterprise value	1.4B	1.8B	2.1B	1.7B	3.1B	5.7B	6.5B	—	3.9B	3.9B	2.2B
Shares outstanding	131.8M	133.5M	133.2M	131.2M	131.3M	131.3M	130.8M	97.8M	96.7M	97.9M	97.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	38.2	38.3	27.3	25.6	43.4	38.9	42.6	—	—	38.5	56.2
P/S	1.32	1.62	1.54	0.95	1.94	2.16	2.11	—	0.95	0.93	0.64
P/B	1.95	2.39	2.44	1.56	3.05	4.79	4.82	—	1.41	1.55	1.44
EV/EBITDA	12.9	14.5	12.7	8.49	15	18.4	17.3	—	20.2	10.1	10.1
EV/Sales	1.37	1.61	1.64	1.16	2.17	2.61	2.54	—	1.53	1.32	1.05
Earnings yield	2.62%	2.61%	3.67%	3.91%	2.31%	2.57%	2.35%	—	—	2.6%	1.78%
FCF yield	8.22%	1.86%	4.49%	-2.67%	5.53%	3.45%	0.87%	—	-2.17%	13.5%	7.45%
PEG	—	—	—	—	—	—	—	—	—	—	-0.56

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	24.8%	25.8%	26.2%	25.3%	26.9%	28.1%	28.2%	28.2%	25.5%	28.6%	27.4%
Operating margin	7.12%	7.67%	9.16%	8.55%	9.37%	8.82%	9.7%	11.2%	1.31%	7.46%	6.96%
Net margin	3.46%	4.23%	5.64%	3.7%	4.48%	5.56%	4.95%	6.4%	-1.1%	2.41%	1.61%
ROE	5.11%	6.22%	8.96%	6.09%	7.04%	12.3%	11.3%	11.5%	-1.64%	4.03%	2.69%
ROA	2.55%	3.06%	4.19%	2.52%	2.91%	3.95%	3.6%	4.75%	-0.61%	1.65%	2.92%
ROIC	7.46%	8.76%	9.47%	8.15%	8.8%	7.76%	8.96%	9.5%	1.04%	5.48%	4.28%
Return on tangible assets	16.2%	14.5%	44.9%	12%	21.1%	-104.2%	105.7%	71.3%	-8.86%	53.9%	66.9%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.23	2.15	1.65	2.13	1.4	1.36	1.39	1.7	1.69	1.64	1.63
Quick ratio	2.06	1.99	1.51	1.98	1.19	1.11	1.15	1.42	1.41	1.36	1.33
Debt / equity	0.48	0.42	0.44	0.77	0.55	1.12	1.11	0.76	0.99	0.81	0.78
Debt / assets	0.24	0.21	0.21	0.32	0.23	0.36	0.36	0.31	0.37	0.33	0.32
Net debt / EBITDA	0.39	-0.1	0.77	1.57	1.54	3.13	2.91	2.32	7.68	2.98	3.31
Interest coverage	2.77	3.4	4.61	3.24	2.9	5.72	3.47	4.49	0.16	1.99	1.74
Effective tax rate	24.5%	23.5%	24.6%	21.6%	19.3%	21.4%	20.1%	21.3%	0%	27.7%	33.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	7.67	8.35	9.41	10.9	10.9	16.6	19.7	31	26.2	30.4	29.9
EPS (basic)	0.38	0.5	0.76	0.57	0.7	1.32	1.39	1.98	-0.29	0.73	0.73
EPS (diluted)	0.38	0.5	0.75	0.57	0.69	1.32	1.38	1.97	-0.29	0.73	0.34
Book value per share	5.2	5.68	5.93	6.63	6.93	7.51	8.65	17.2	17.7	18.2	13.3
FCF per share	0.83	0.25	0.65	-0.28	1.17	1.24	0.36	-0.69	-0.54	3.8	2.09
Cash per share	2.17	2.47	1.69	2.73	1.43	1.03	1.22	1.74	2.34	2.91	2.05
Capex per share	0.07	0.13	0.12	0.35	0.07	0.27	0.42	0.36	0.29	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.97%	1.55%	1.27%	3.17%	0.67%	1.63%	2.12%	1.17%	1.12%	—	—
Capex / operating cash flow	13.8%	19.9%	12.7%	34.1%	8.39%	15.4%	34.9%	282.9%	79.2%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$735.7M	$752.1M	$791.5M	$694.3M	$436.5M	$477M	$574.2M	$736.7M	$728.5M	$760.7M	$747.1M	$693.7M
YoY change	+24.9%	+16.2%	+8.3%	-7.88%	-40.7%	-36.6%	-27.4%	+6.11%	+66.9%	+59.5%	+30.1%	-5.84%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	286.7M	330.1M	224.5M	358.6M	187.5M	135.3M	159.9M	170.2M	225.9M	285M
Receivables	166.1M	209.6M	217.2M	291.1M	285.9M	348.6M	399.7M	471.3M	719.4M	523.7M
Inventory	48M	58.5M	68M	68.4M	138M	207.9M	256.9M	295.9M	320.2M	295.2M
Total current assets	661.6M	789.1M	757M	984.6M	930.2M	1.1B	1.5B	1.8B	1.9B	1.7B
Property, plant & equipment	56.8M	85.8M	92.4M	42.4M	60.6M	84.5M	77.8M	90.8M	95.1M	87.6M
Goodwill & intangibles	1.2B	1.2B	1.5B	1.7B	1.9B	3.2B	3.4B	3.8B	4.3B	4.2B
Total assets	1.4B	1.5B	1.7B	2.1B	2.2B	3.1B	3.5B	4.1B	4.6B	4.3B
Accounts payable	183.8M	240.1M	254.2M	293M	368.9M	501.5M	647.6M	604.5M	665.1M	622.4M
Short-term debt	2.7M	3.1M	20.5M	20.4M	16.4M	21.8M	29.9M	31.8M	60.2M	42.1M
Total current liabilities	297.2M	366.4M	457.5M	462.7M	663.6M	845M	1B	1B	1.1B	1B
Long-term debt	325.9M	315.1M	328.2M	645.2M	488.4M	1.1B	1.2B	1.3B	1.6B	1.4B
Total liabilities	688.6M	783.4M	899.2M	1.2B	1.3B	2.1B	2.4B	2.4B	2.9B	2.6B
Shareholders' equity	686M	758.8M	789.6M	869M	910.4M	985.7M	1.1B	1.7B	1.7B	1.8B
Total debt	328.7M	318.2M	348.7M	665.6M	504.8M	1.1B	1.3B	1.3B	1.7B	1.4B
Net debt	42M	-12M	124.2M	306.9M	317.3M	966M	1.1B	1.1B	1.5B	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	187.4M	260.9M	170.2M	185.1M	175.9M	192.5M	225.9M	188.6M	197.3M	263.1M	285M	198.9M
Receivables	512.3M	557.4M	471.3M	568.2M	424M	518.8M	719.4M	522.6M	584.1M	657M	523.7M	511M
Inventory	280.1M	312.8M	295.9M	304.7M	243.9M	267.9M	320.2M	310.5M	320.6M	308.1M	295.2M	304.9M
Total current assets	1.7B	1.8B	1.8B	1.9B	1.3B	1.5B	1.9B	1.7B	1.8B	1.8B	1.7B	1.6B
Property, plant & equipment	291.9M	302.5M	90.8M	319.1M	68M	67.9M	95.1M	343M	346.3M	341.6M	87.6M	283.8M
Goodwill & intangibles	3.4B	3.8B	3.8B	3.8B	3B	3.1B	4.3B	4.2B	4.3B	4.2B	4.2B	4.2B
Total assets	3.8B	4.2B	4.1B	4.2B	3.2B	3.4B	4.6B	4.4B	4.5B	4.5B	4.3B	4.3B
Accounts payable	596.5M	617.9M	604.5M	587.4M	378.7M	460.8M	665.1M	632.4M	680.4M	671.3M	622.4M	607.3M
Short-term debt	26.8M	32M	31.8M	38.2M	34.8M	25.7M	60.2M	35.9M	42.1M	36.3M	42.1M	37.9M
Total current liabilities	972.9M	1.1B	1B	1.1B	646.2M	790.9M	1.1B	1.1B	1.1B	1.1B	1B	1B
Long-term debt	1.1B	1.3B	1.3B	1.4B	1.2B	1.2B	1.6B	1.5B	1.5B	1.5B	1.4B	1.4B
Total liabilities	2.2B	2.6B	2.4B	2.6B	2B	2.1B	2.9B	2.7B	2.7B	2.7B	2.6B	2.5B
Shareholders' equity	1.6B	1.6B	1.7B	1.7B	1.2B	1.3B	1.7B	1.7B	1.8B	1.8B	1.8B	1.8B
Total debt	1.1B	1.3B	1.3B	1.4B	1.2B	1.3B	1.7B	1.5B	1.5B	1.5B	1.4B	1.4B
Net debt	929.8M	1.1B	1.1B	1.2B	1.1B	1.1B	1.5B	1.3B	1.3B	1.2B	1.2B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	35M	47.2M	70.8M	53M	64.1M	121.4M	127.7M	194.2M	-28M	71.7M
Depreciation & amortization	34.6M	36.7M	42.4M	71.4M	70.9M	115.4M	125.5M	141.2M	152.7M	163.9M
Stock-based compensation	6.8M	8.3M	9.8M	6.2M	864K	1.4M	5.1M	11.3M	10.6M	5.1M
Change in working capital	—	—	—	—	—	—	-80.5M	-283.8M	2.1M	243M
Operating cash flow	70.9M	86.6M	125.1M	132.9M	114.1M	230.5M	156.7M	12.6M	35.9M	448.4M
Capital expenditure	-9.8M	-17.3M	-15.9M	-45.3M	-9.6M	-35.5M	-54.6M	-35.6M	-28.4M	—
Investing cash flow	-9.8M	-17.3M	-172.2M	-98.7M	-78.1M	-780.5M	-63.3M	-312.2M	-224.4M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	-39.3M	-4.8M	-8.7M	0	-33.4M	-23.8M	-59.7M	-19.6M
Financing cash flow	-5.3M	-808K	-46.6M	218.9M	-265.2M	528.5M	-82K	328.6M	289.8M	-325.5M
Net change in cash	55.7M	68.6M	-93.7M	253.1M	-229.2M	-21.5M	93.3M	29M	101.3M	122.9M
Free cash flow	110M	33.7M	86.7M	-36.2M	153.6M	162.9M	47.5M	-67.7M	-52.3M	371.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	50.7M	47.2M	48.5M	35.3M	-654.7K	4.8M	-68.9M	24.3M	33.6M	30M	-16.2M	-255K
Depreciation & amortization	34M	35.2M	36.3M	37.4M	28M	27.7M	38M	37.3M	39.4M	40.3M	46.8M	40.2M
Stock-based compensation	3.1M	3M	3.1M	3.4M	2.3M	2.4M	657K	4.3M	-3.5M	2.7M	1.5M	4.4M
Change in working capital	-76.6M	46.7M	—	-94.4M	-59.7M	25.9M	144.8M	129.8M	-40.9M	34.3M	119.8M	-37.4M
Operating cash flow	19.1M	121.5M	49.2M	-22.9M	-38.7M	52.7M	41M	155.8M	28.5M	114.6M	149.5M	-10.3M
Capital expenditure	-15.5M	2.5M	-11.9M	-6.6M	-5.6M	-4.8M	-7.4M	—	—	—	—	—
Investing cash flow	-20M	-263.6M	-12.7M	-6.6M	-135M	-15.2M	-7.4M	—	0	0	0	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-24.5M	0	-14K	-45M	-10.5M	0	0	-10M	-9.6M	0	0	0
Financing cash flow	80.7M	232.1M	-75.6M	65.1M	214.5M	-15.9M	-54.7M	-177.4M	-13.3M	-31M	-103.8M	-64.5M
Net change in cash	79.8M	90M	-39M	35.7M	40.8M	21.6M	-21.1M	-21.6M	15.2M	83.6M	45.7M	-74.9M
Free cash flow	-13.3M	92.8M	-16.4M	-51.3M	-43.9M	36.8M	10.4M	139.4M	10.1M	97.9M	124M	-26M

ATS Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement