ATS Corporation (ATS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed May 29, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ATS SEC filings page.
ATS Corporation (ATS) reported $1.8B in revenue for fiscal year 2025, down 21.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ATS Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
ATS Corporation has an operating margin of 0.4%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 48/100, indicating healthy but not exceptional operating efficiency. This is down from 10.4% the prior year.
ATS Corporation's revenue declined 21.3% year-over-year, from $2.2B to $1.8B. This contraction results in a growth score of 19/100.
ATS Corporation has a moderate D/E ratio of 0.90. This balance of debt and equity financing earns a leverage score of 49/100.
ATS Corporation's current ratio of 1.69 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
While ATS Corporation generated $17.9M in operating cash flow, capex of $23.6M consumed most of it, leaving -$5.7M in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.
ATS Corporation posts a -1.6% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 47/100. This is down from 11.5% the prior year.
ATS Corporation scores 1.51, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ATS Corporation passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
ATS Corporation reported a net loss of $19.5M while generating $17.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
ATS Corporation earns $0.10 in operating income for every $1 of interest expense ($6.4M vs $64.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
ATS Corporation generated $1.8B in revenue in fiscal year 2025. This represents a decrease of 21.3% from the prior year.
ATS Corporation reported a net loss of $19.5M in fiscal year 2025. This represents a decrease of 113.6% from the prior year.
ATS Corporation earned -$0.20 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 113.9% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
ATS Corporation recorded an outflow of $5.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
ATS Corporation held $157.1M in cash against $1.1B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
ATS Corporation's gross margin was 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
ATS Corporation's operating margin was 0.4% in fiscal year 2025, reflecting core business profitability. This is down 10.0 percentage points from the prior year.
ATS Corporation's net profit margin was -1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.5 percentage points from the prior year.
ATS Corporation's ROE was -1.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 13.2 percentage points from the prior year.
Capital Allocation
ATS Corporation invested $7.4M in research and development in fiscal year 2025. This represents a decrease of 1.7% from the prior year.
ATS Corporation invested $23.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 45.7% from the prior year.
Not reported for fiscal year 2025.
ATS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F |
|---|---|---|---|
| Revenue | $1.8B-21.3% | $2.2B+17.5% | $1.9B |
| Cost of Revenue | $1.3B-18.4% | $1.6B+17.5% | $1.4B |
| Gross Profit | $449.7M-28.8% | $631.8M+17.7% | $536.6M |
| R&D Expenses | $7.4M-1.7% | $7.5M | N/A |
| Operating Income | $6.4M-97.2% | $232.9M+41.6% | $164.5M |
| Interest Expense | $64.1M+33.1% | $48.2M+7.4% | $44.9M |
| Income Tax | -$38.2M-198.6% | $38.8M+63.5% | $23.7M |
| Net Income | -$19.5M-113.6% | $143.1M+51.9% | $94.2M |
| EPS (Basic) | -$0.20-113.8% | $1.46+42.3% | $1.03 |
| EPS (Diluted) | -$0.20-113.9% | $1.45+42.6% | $1.02 |
| Diluted Shares (Avg) | 98M-0.6% | 99M+6.9% | 92M |
Not reported in any period shown, so not listed: SG&A Expenses, EBITDA.
ATS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F |
|---|---|---|---|
| Total Assets | $3.2B+6.4% | $3.0B+15.3% | $2.6B |
| Current Assets | $1.3B+2.3% | $1.3B+20.6% | $1.1B |
| Cash & Equivalents | $157.1M+25.0% | $125.7M+6.3% | $118.2M |
| Inventory | $222.7M+1.9% | $218.5M+15.1% | $189.9M |
| Accounts Receivable | $500.3M+43.7% | $348.1M+17.8% | $295.6M |
| Goodwill | $969.9M+6.9% | $907.4M+9.7% | $826.8M |
| Total Liabilities | $2.0B+14.0% | $1.8B-0.5% | $1.8B |
| Current Liabilities | $782.7M+3.0% | $760.1M-1.5% | $771.6M |
| Non-Current Liabilities | $1.2B+22.3% | $1.0B+0.3% | $1.0B |
| Long-Term Debt | $1.1B+24.0% | $865.4M+1.3% | $854.5M |
| Total Equity | $1.2B-4.4% | $1.2B+49.0% | $833.2M |
| Retained Earnings | $459.3M-14.2% | $535.1M+36.4% | $392.4M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
ATS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
ATS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F |
|---|---|---|---|
| Gross Margin | 25.5%-2.7pp | 28.2%+0.1pp | 28.2% |
| Operating Margin | 0.4%-10.0pp | 10.4%+1.8pp | 8.6% |
| Net Margin | -1.1%-7.5pp | 6.4%+1.4pp | 4.9% |
| Return on Equity | -1.6%-13.2pp | 11.5%+0.2pp | 11.3% |
| Return on Assets | -0.6%-5.3pp | 4.7%+1.1pp | 3.6% |
| Current Ratio | 1.690.0x | 1.70+0.3x | 1.39 |
| Debt-to-Equity | 0.90+0.2x | 0.70-0.3x | 1.03 |
| Liabilities-to-Equity | 1.71+0.3x | 1.43-0.7x | 2.14 |
| Asset Turnover | 0.55-0.2x | 0.740.0x | 0.73 |
| FCF Margin | -0.3%+0.9pp | -1.3%-4.0pp | 2.8% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ATS Corporation ATS | FY2025 | $1.8B | -$19.5M | -1.1% | $1.9B | 40/100 |
| Standex International Corporation SXI | FY2026 | $891.6M | $104.6M | 11.7% | $3.0B | 63/100 |
| American Superconductor Corp AMSC | FY2026 | $299.2M | $133.8M | 44.7% | $1.2B | 57/100 |
| Enerpac Tool Group Corp. EPAC | FY2025 | $616.9M | $92.7M | 15.0% | $1.8B | 69/100 |
| Xometry, Inc. XMTR | FY2025 | $686.6M | -$61.7M | -9.0% | $5.1B | 49/100 |
| Power Solutions International, Inc. PSIX | FY2025 | $722.4M | $114.0M | 15.8% | $1.1B | 75/100 |
Where ATS Corporation Ranks
Frequently Asked Questions
What is ATS Corporation's annual revenue?
ATS Corporation (ATS) reported $1.8B in total revenue for fiscal year 2025. This represents a -21.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ATS Corporation's revenue growing?
ATS Corporation (ATS) revenue declined by 21.3% year-over-year, from $2.2B to $1.8B in fiscal year 2025.
Is ATS Corporation profitable?
No, ATS Corporation (ATS) reported a net loss of $19.5M in fiscal year 2025, with a net profit margin of -1.1%.
How much debt does ATS Corporation have?
As of fiscal year 2025, ATS Corporation (ATS) had $157.1M in cash and equivalents against $1.1B in long-term debt.
What is ATS Corporation's gross margin?
ATS Corporation (ATS) had a gross margin of 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ATS Corporation's operating margin?
ATS Corporation (ATS) had an operating margin of 0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is ATS Corporation's net profit margin?
ATS Corporation (ATS) had a net profit margin of -1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is ATS Corporation's return on equity (ROE)?
ATS Corporation (ATS) has a return on equity of -1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ATS Corporation's free cash flow?
ATS Corporation (ATS) recorded an outflow of $5.7M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ATS Corporation's operating cash flow?
ATS Corporation (ATS) generated $17.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are ATS Corporation's total assets?
ATS Corporation (ATS) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are ATS Corporation's capital expenditures?
ATS Corporation (ATS) invested $23.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does ATS Corporation spend on research and development?
ATS Corporation (ATS) invested $7.4M in research and development during fiscal year 2025.
What is ATS Corporation's current ratio?
ATS Corporation (ATS) had a current ratio of 1.69 as of fiscal year 2025, which is generally considered healthy.
What is ATS Corporation's debt-to-equity ratio?
ATS Corporation (ATS) had a debt-to-equity ratio of 0.90 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is ATS Corporation's liabilities-to-equity ratio?
ATS Corporation (ATS) had a liabilities-to-equity ratio of 1.71 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is ATS Corporation's return on assets (ROA)?
ATS Corporation (ATS) had a return on assets of -0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ATS Corporation's P/E ratio?
ATS Corporation (ATS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $1.9B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ATS Corporation's price-to-sales ratio?
ATS Corporation (ATS) trades at 1.1x sales, its market capitalization divided by $1.8B revenue, FY2025. The market capitalization is $1.9B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is ATS Corporation's Altman Z-Score?
ATS Corporation (ATS) has an Altman Z-Score of 1.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ATS Corporation's Piotroski F-Score?
ATS Corporation (ATS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ATS Corporation's earnings high quality?
ATS Corporation (ATS) reported a net loss of $19.5M while generating $17.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can ATS Corporation cover its interest payments?
ATS Corporation (ATS) has an interest coverage ratio of 0.10x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is ATS Corporation?
ATS Corporation (ATS) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.