NYSE : ATS
ATS Corporation — Financial statements
Industrials · Specialty Industrial Machinery · Canada
Last price 19.09 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.85B
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Financial statements
ATS Corporation (ATS) reported revenue of 2.93B CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 2.93B | 2.97B | 2.53B | 3.03B | 2.58B | 2.18B |
| Cost of Revenue | 2.09B | 2.12B | 1.88B | 2.17B | 1.84B | 1.54B |
| Gross Profit | 839.80M | 854.63M | 655.12M | 862.75M | 737.57M | 640.25M |
| Selling, General & Admin | 623.09M | 623.24M | 571.42M | 501.18M | 444.71M | 378.93M |
| Operating Expenses | 636.70M | 639.23M | 580.60M | 514.97M | 475.30M | 411.69M |
| Operating Income | 203.10M | 215.41M | 74.53M | 347.78M | 262.28M | 228.56M |
| Interest Expense | -95.97M | -100.53M | -98.24M | -70.68M | -64.68M | -32.71M |
| Interest & Investment Income | 1.32M | 956.00K | 6.05M | 1.98M | 1.96M | 508.00K |
| EBT Excluding Unusual Items | 108.45M | 115.83M | -17.67M | 279.08M | 199.56M | 196.36M |
| Merger & Restructuring Charges | -43.79M | -23.93M | -32.37M | -32.39M | -39.79M | -43.65M |
| Other Unusual Items | 5.90M | 7.30M | -32.90M | 1.70M | ||
| Pretax Income | 70.55M | 99.20M | -82.94M | 246.69M | 159.77M | 154.41M |
| Income Tax Expense | 23.34M | 27.47M | -54.96M | 52.51M | 32.07M | 33.02M |
| Earnings From Continuing Operations | 47.21M | 71.73M | -27.98M | 194.18M | 127.70M | 121.39M |
| Minority Interest in Earnings | -1.00K | -96.00K | -71.00K | -446.00K | -268.00K | 709.00K |
| Net Income | 47.21M | 71.64M | -28.05M | 193.74M | 127.43M | 122.10M |
| Net Income to Common | 47.21M | 71.64M | -28.05M | 193.74M | 127.43M | 122.10M |
| Shares Outstanding (Basic) | 98.01M | 97.90M | 97.98M | 97.76M | 91.84M | 92.21M |
| Shares Outstanding (Diluted) | 98.01M | 97.90M | 97.98M | 98.58M | 92.24M | 92.63M |
| EPS (Basic) | 0.48 | 0.73 | -0.29 | 1.98 | 1.39 | 1.32 |
| EPS (Diluted) | 0.48 | 0.73 | -0.29 | 1.97 | 1.38 | 1.32 |
| Free Cash Flow | 247.90M | 414.96M | -6.68M | -33.65M | 71.70M | 180.93M |
| Free Cash Flow Per Share | 2.53 | 4.24 | -0.07 | -0.34 | 0.78 | 1.95 |
| Gross Margin | 28.66% | 28.75% | 25.86% | 28.45% | 28.62% | 29.33% |
| Operating Margin | 6.93% | 7.25% | 2.94% | 11.47% | 10.18% | 10.47% |
| Profit Margin | 1.61% | 2.41% | -1.11% | 6.39% | 4.94% | 5.59% |
| Free Cash Flow Margin | 8.46% | 13.96% | -0.26% | -1.11% | 2.78% | 8.29% |
| EBITDA | 302.51M | 312.90M | 172.81M | 440.44M | 345.37M | 298.63M |
| EBITDA Margin | 10.32% | 10.53% | 6.82% | 14.52% | 13.40% | 13.68% |
| D&A For EBITDA | 99.41M | 97.49M | 98.28M | 92.66M | 83.09M | 70.07M |
| EBIT | 203.10M | 215.41M | 74.53M | 347.78M | 262.28M | 228.56M |
| EBIT Margin | 6.93% | 7.25% | 2.94% | 11.47% | 10.18% | 10.47% |
| Effective Tax Rate | 33.08% | 27.69% | 21.28% | 20.07% | 21.38% | |
| Revenue as Reported | 2.18B |
Balance sheet
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 198.93M | 284.96M | 225.95M | 170.18M | 159.87M | 135.28M |
| Trading Asset Securities | 2.60M | |||||
| Cash & Short-Term Investments | 198.93M | 284.96M | 228.54M | 170.18M | 159.87M | 135.28M |
| Accounts Receivable | 945.50M | 941.42M | 1.20B | 1.14B | 895.85M | 686.61M |
| Other Receivables | 50.10M | 52.97M | 79.88M | 66.82M | 59.87M | 58.21M |
| Receivables | 995.61M | 994.39M | 1.28B | 1.21B | 955.71M | 744.82M |
| Inventory | 304.86M | 295.21M | 320.17M | 295.88M | 256.87M | 207.87M |
| Prepaid Expenses | 48.55M | 40.57M | 41.21M | 38.05M | 29.77M | 21.91M |
| Restricted Cash | 520.00K | 623.00K | 784.00K | |||
| Other Current Assets | 86.36M | 90.53M | 35.13M | 40.74M | 49.77M | 36.57M |
| Total Current Assets | 1.63B | 1.71B | 1.91B | 1.75B | 1.45B | 1.15B |
| Property, Plant & Equipment | 405.81M | 406.85M | 447.34M | 402.64M | 357.33M | 303.41M |
| Long-Term Investments | 1.19M | 1.34M | 18.40M | 16.65M | 18.00M | |
| Goodwill | 1.41B | 1.40B | 1.39B | 1.23B | 1.12B | 1.02B |
| Other Intangible Assets | 692.26M | 704.21M | 758.53M | 679.55M | 593.21M | 568.18M |
| Long-Term Deferred Tax Assets | 126.21M | 115.27M | 104.02M | 5.90M | 6.34M | 7.92M |
| Other Long-Term Assets | 9.25M | 8.17M | 10.71M | 14.00K | 25.00K | 627.00K |
| Total Assets | 4.28B | 4.34B | 4.62B | 4.09B | 3.54B | 3.07B |
| Accounts Payable | 523.90M | 509.56M | 550.30M | 519.90M | 550.54M | 422.40M |
| Accrued Expenses | 10.86M | 19.17M | 17.03M | 33.54M | 58.74M | 35.05M |
| Short-Term Debt | 850.00K | 6.74M | 27.27M | 4.06M | 5.82M | 1.77M |
| Current Portion of Long-Term Debt | 175.00K | 173.00K | 219.00K | 176.00K | 65.00K | 43.00K |
| Current Portion of Leases | 36.89M | 35.20M | 32.69M | 27.57M | 23.99M | 19.96M |
| Current Income Taxes Payable | 28.49M | 34.12M | 40.07M | 44.73M | 38.90M | 48.62M |
| Current Unearned Revenue | 371.70M | 401.02M | 427.91M | 363.26M | 330.05M | 292.01M |
| Other Current Liabilities | 27.99M | 32.10M | 29.96M | 35.98M | 35.46M | 25.16M |
| Total Current Liabilities | 1.00B | 1.04B | 1.13B | 1.03B | 1.04B | 845.01M |
| Long-Term Debt | 1.26B | 1.30B | 1.56B | 1.19B | 1.17B | 1.02B |
| Long-Term Leases | 118.39M | 119.49M | 96.70M | 83.81M | 73.25M | 62.86M |
| Pension & Post-Retirement Benefits | 26.02M | 26.07M | 25.80M | 24.59M | 25.49M | 29.13M |
| Long-Term Deferred Tax Liabilities | 77.31M | 80.46M | 100.57M | 81.35M | 104.46M | 126.11M |
| Other Long-Term Liabilities | 3.38M | 1.31M | 3.85M | |||
| Total Liabilities | 2.48B | 2.56B | 2.91B | 2.40B | 2.41B | 2.08B |
| Common Stock | 853.49M | 852.80M | 842.01M | 865.90M | 520.63M | 530.24M |
| Additional Paid-In Capital | 34.98M | 30.76M | 36.54M | 26.12M | 15.47M | 11.73M |
| Retained Earnings | 722.31M | 722.62M | 660.37M | 724.50M | 530.71M | 416.77M |
| Comprehensive Income & Other | 190.24M | 171.57M | 166.85M | 64.16M | 60.04M | 22.85M |
| Total Common Equity | 1.80B | 1.78B | 1.71B | 1.68B | 1.13B | 981.60M |
| Minority Interest | 1.76M | 1.70M | 3.58M | 3.28M | 3.73M | 4.09M |
| Shareholders' Equity | 1.80B | 1.78B | 1.71B | 1.68B | 1.13B | 985.68M |
| Total Liabilities & Equity | 4.28B | 4.34B | 4.62B | 4.09B | 3.54B | 3.07B |
| Total Debt | 1.41B | 1.46B | 1.72B | 1.30B | 1.27B | 1.11B |
| Net Cash (Debt) | -1.21B | -1.17B | -1.49B | -1.13B | -1.11B | -969.95M |
| Net Cash Per Share | -12.37 | -11.97 | -15.19 | -11.48 | -12.03 | -10.47 |
| Filing Date Shares Outstanding | 97.02M | 97.00M | 97.63M | 97.92M | 91.94M | 91.92M |
| Total Common Shares Outstanding | 97.02M | 97.00M | 96.89M | 98.22M | 91.60M | 92.27M |
| Working Capital | 633.98M | 668.20M | 779.89M | 724.49M | 408.40M | 301.45M |
| Book Value Per Share | 18.56 | 18.33 | 17.61 | 17.11 | 12.30 | 10.64 |
| Tangible Book Value | -305.67M | -325.71M | -447.33M | -227.48M | -584.62M | -611.37M |
| Tangible Book Value Per Share | -3.15 | -3.36 | -4.62 | -2.32 | -6.38 | -6.63 |
| Land | 44.30M | 49.07M | 39.73M | 36.60M | 34.68M | |
| Buildings | 197.43M | 253.48M | 226.22M | 199.65M | 161.16M | |
| Machinery | 193.54M | 180.72M | 148.34M | 130.50M | 111.35M | |
| Construction In Progress | 8.55M | 5.97M | 5.49M | |||
| Order Backlog | 1.96B | 2.14B | 1.79B | 2.15B | 1.44B |
Cash flow statement
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 47.21M | 71.64M | -28.05M | 193.74M | 127.43M | 122.10M |
| Depreciation & Amortization | 139.23M | 136.31M | 132.10M | 122.32M | 107.16M | 92.27M |
| Other Amortization | 27.56M | 27.56M | 20.57M | 18.86M | 18.33M | 23.15M |
| Stock-Based Compensation | 5.12M | 5.06M | 10.56M | 11.25M | 5.09M | 1.36M |
| Other Operating Activities | -29.59M | -38.77M | -101.45M | -49.75M | -20.80M | -8.43M |
| Change in Accounts Receivable | 262.40M | 262.40M | -39.52M | -228.74M | -203.48M | |
| Change in Inventory | 24.97M | 24.97M | 1.56M | -12.20M | -48.41M | |
| Change in Accounts Payable | -46.51M | -46.51M | 42.13M | -69.92M | 129.24M | |
| Change in Unearned Revenue | -22.83M | -22.83M | 17.93M | 14.94M | 43.29M | |
| Change in Income Taxes | 15.76M | 15.76M | -25.32M | 7.31M | -16.11M | |
| Change in Other Net Operating Assets | -148.16M | 12.80M | -4.74M | 12.97M | -13.94M | -14.30M |
| Operating Cash Flow | 282.25M | 448.38M | 25.77M | 20.78M | 127.80M | 216.16M |
| Capital Expenditures | -34.35M | -33.42M | -32.45M | -54.43M | -56.10M | -35.24M |
| Sale of Property, Plant & Equipment | 1.70M | 740.00K | 5.53M | 23.21M | 1.46M | 817.00K |
| Cash Acquisitions | -179.39M | -276.54M | -51.68M | -745.02M | ||
| Sale (Purchase) of Intangibles | -41.48M | -43.13M | -44.08M | -29.63M | -24.19M | -16.96M |
| Sale (Purchase) of Real Estate | -223.00K | -223.00K | -1.50M | -4.40M | -1.07M | |
| Other Investing Activities | -16.55M | 21.49M | ||||
| Investing Cash Flow | -74.36M | -76.04M | -268.44M | -341.79M | -109.02M | -797.47M |
| Short-Term Debt Issued | 22.48M | 3.40M | ||||
| Long-Term Debt Issued | 85.00M | 907.01M | 816.51M | 395.56M | 746.22M | |
| Total Debt Issued | 40.00M | 85.00M | 929.49M | 816.51M | 398.96M | 746.22M |
| Short-Term Debt Repaid | -20.42M | -1.53M | -1.32M | |||
| Long-Term Debt Repaid | -366.10M | -604.30M | -824.46M | -365.15M | -178.17M | |
| Lease Payments | -35.31M | -34.68M | -30.52M | -26.08M | -20.98M | -19.55M |
| Total Debt Repaid | -243.04M | -386.52M | -604.30M | -825.99M | -365.15M | -179.50M |
| Net Debt Issued (Repaid) | -203.04M | -301.52M | 325.20M | -9.47M | 33.81M | 566.73M |
| Issuance of Common Stock | 12.51M | 12.42M | 495.00K | 381.95M | 4.96M | 2.99M |
| Repurchase of Common Stock | -9.62M | -19.62M | -59.67M | -23.83M | -33.44M | |
| Other Financing Activities | -4.37M | 24.26M | -17.92M | -452.00K | -38.19M | |
| Financing Cash Flow | -200.14M | -313.08M | 290.28M | 330.72M | 4.88M | 531.53M |
| Foreign Exchange Rate Adjustments | 1.41M | -252.00K | 8.16M | 591.00K | 925.00K | -2.42M |
| Net Cash Flow | 10.32M | 59.01M | 55.77M | 10.31M | 24.59M | -52.19M |
| Free Cash Flow | 247.90M | 414.96M | -6.68M | -33.65M | 71.70M | 180.93M |
| Free Cash Flow Margin | 8.46% | 13.96% | -0.26% | -1.11% | 2.78% | 8.29% |
| Free Cash Flow Per Share | 2.53 | 4.24 | -0.07 | -0.34 | 0.78 | 1.95 |
| Levered Free Cash Flow | 194.62M | 353.98M | 46.47M | -63.60M | 108.81M | 126.00M |
| Unlevered Free Cash Flow | 254.61M | 416.81M | 107.87M | -19.43M | 149.23M | 146.44M |
| Free Cash Flow After Leases | 212.59M | 380.29M | -37.20M | -59.73M | 50.71M | 161.38M |
| Cash Interest Paid | 93.42M | 97.50M | 95.15M | 68.53M | 58.45M | 30.80M |
| Cash Income Tax Paid | 65.11M | 42.17M | 61.94M | 49.51M | 58.40M | 24.13M |
| Change in Working Capital | 85.63M | 246.59M | -7.97M | -275.64M | -109.41M | -14.30M |
Ratios
Fiscal year April - March; amounts in CAD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.78B | 2.75B | 2.44B | 3.33B | 3.84B | 3.33B |
| Enterprise Value | 2.65B | 3.66B | 3.48B | 4.14B | 4.66B | 4.10B |
| Last Close Price | 18.39 | 28.20 | 24.93 | 33.72 | 41.63 | 35.95 |
| PE Ratio | 53.86 | 53.67 | 23.28 | 40.76 | 34.08 | |
| PS Ratio | 0.86 | 1.29 | 1.39 | 1.49 | 2.02 | 1.91 |
| PB Ratio | 1.40 | 2.16 | 2.06 | 2.68 | 4.59 | 4.22 |
| P/FCF Ratio | 10.04 | 9.27 | 72.45 | 23.00 | ||
| P/OCF Ratio | 8.82 | 8.57 | 136.30 | 217.03 | 40.65 | 19.25 |
| EV/Sales Ratio | 1.28 | 1.72 | 1.98 | 1.85 | 2.44 | 2.35 |
| EV/EBITDA Ratio | 12.44 | 16.32 | 28.95 | 12.73 | 18.25 | 17.14 |
| EV/EBIT Ratio | 18.53 | 23.71 | 67.12 | 16.12 | 24.03 | 22.40 |
| EV/FCF Ratio | 14.95 | 12.31 | 87.90 | 28.30 | ||
| Debt / Equity Ratio | 0.78 | 0.82 | 1.00 | 0.77 | 1.12 | 1.12 |
| Debt / EBITDA Ratio | 4.12 | 4.14 | 8.31 | 2.77 | 3.44 | 3.44 |
| Debt / FCF Ratio | 5.69 | 3.51 | 17.71 | 6.11 | ||
| Net Debt / Equity Ratio | 0.67 | 0.66 | 0.87 | 0.67 | 0.98 | 0.98 |
| Net Debt / EBITDA Ratio | 4.01 | 3.75 | 8.61 | 2.57 | 3.21 | 3.25 |
| Net Debt / FCF Ratio | 4.89 | 2.82 | -222.72 | -33.62 | 15.48 | 5.36 |
| Asset Turnover | 0.67 | 0.66 | 0.58 | 0.80 | 0.78 | 0.83 |
| Inventory Turnover | 6.79 | 6.88 | 6.10 | 7.85 | 7.92 | 8.92 |
| Quick Ratio | 1.19 | 1.23 | 1.34 | 1.34 | 1.07 | 1.04 |
| Current Ratio | 1.63 | 1.64 | 1.69 | 1.70 | 1.39 | 1.36 |
| Return on Equity (ROE) | 2.69% | 4.11% | -1.65% | 13.80% | 12.07% | 12.80% |
| Return on Assets (ROA) | 2.92% | 3.00% | 1.07% | 5.70% | 4.96% | 5.42% |
| Return on Invested Capital (ROIC) | 4.56% | 5.07% | 2.48% | 10.83% | 9.99% | 11.28% |
| Return on Capital Employed (ROCE) | 6.20% | 6.50% | 2.10% | 11.40% | 10.50% | 10.30% |
| Earnings Yield | 1.86% | 1.86% | -0.80% | 4.30% | 2.45% | 2.93% |
| FCF Yield | 9.96% | 10.79% | -0.19% | -0.75% | 1.38% | 4.35% |
| Buyback Yield / Dilution | -0.15% | 0.08% | 0.61% | -6.87% | 0.42% | -0.28% |