What is Americold Realty Trust, Inc.'s earnings per share (EPS)?

Americold Realty Trust, Inc. (COLD) reported diluted earnings per share of -$0.40 for fiscal year 2025. This represents a -21.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Americold Realty Trust, Inc. (COLD) Financials

COLD

Trailing 12 months to June 30, 2026

Revenue $2.6B -0.2% YoY

Net Income -$456.8M -728.0% YoY

EPS (Diluted) -$1.59 -736.8% YoY

Free Cash Flow -$187.9M -48.2% YoY

Market Cap $4.2B as of Sep 12, 2026

Price / Sales 1.6x on $2.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 1.7x on $2.4B equity, Q2 FY2026

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 Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the COLD SEC filings page.

Americold Realty Trust, Inc. (COLD) reported $2.6B in revenue over the twelve months to Jun 30, 2026, down 0.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Rhea AI COLD FY2025 2026-08-29

Gross-margin expansion is being overwhelmed by heavier investment and leverage, leaving a cash-generating operation with fragile reported earnings.

From FY2022 to FY2025, gross margin expanded from 23.9% to 32.3% while operating margin compressed from 3.0% to 0.3%; the business retains more after direct costs, but overhead, depreciation, and financing absorb that improvement. The cash-conversion gap is equally important: FY2025 operating cash flow was $360M versus free cash flow of -$217M, indicating that reinvestment consumed the cash produced by operations.

Balance-sheet leverage increased: debt-to-equity rose from 1.0x in FY2021 to 1.8x in FY2025. With less equity supporting the asset base, financing obligations carry greater weight even though operating cash flow remains positive.

FY2025 dividends of $261M exceeded free cash flow of -$217M, so distributions were not funded by post-investment cash that year. EBITDA also fell from $485M in FY2024 to $375M in FY2025, showing the cash shortfall coincided with weaker operating output rather than capex alone.

Financial Health Signals

Financial Health Score 32/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Americold Realty Trust, Inc.'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.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Americold Realty Trust, Inc. scores 28/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Americold Realty Trust, Inc. scores 99/100 on it among other REITs.

Leverage

Not available for Americold Realty Trust, Inc., and counted as zero in the overall score.

Interest Cov.

Americold Realty Trust, Inc.'s operating income of $7.2M covered its interest expense of $147.8M 0.05 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Americold Realty Trust, Inc. scores 21/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Americold Realty Trust, Inc. scores 16/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Americold Realty Trust, Inc. scores 27/100 on it among other REITs.

Piotroski F-Score Partial

3/7

Americold Realty Trust, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Americold Realty Trust, Inc. reported a net loss of $115.3M while generating $359.6M 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.

Interest Coverage At Risk

0.05x

Americold Realty Trust, Inc. earns $0.05 in operating income for every $1 of interest expense ($7.2M vs $147.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$662.9M

YoY+1.9%

QoQ+5.2%

5Y CAGR+0.2%

Americold Realty Trust, Inc. generated $662.9M in revenue in Q2 2026. This represents an increase of 1.9% from the same quarter a year earlier. Against the prior quarter it is up 5.2%.

EBITDA

-$184.9M

YoY-244.4%

QoQ-274.5%

Americold Realty Trust, Inc.'s EBITDA was -$184.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 244.4% from the same quarter a year earlier. Against the prior quarter it is down 274.5%.

Net Income

-$342.8M

YoY-22374.9%

QoQ-2428.7%

Americold Realty Trust, Inc. reported -$342.8M in net income in Q2 2026. This represents a decrease of 22374.9% from the same quarter a year earlier. Against the prior quarter it is down 2428.7%.

EPS (Diluted)

-$1.19

QoQ-2280.0%

Americold Realty Trust, Inc. earned -$1.19 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 2280.0%.

Cash & Balance Sheet

Free Cash Flow

-$40.3M

YoY+29.7%

QoQ+42.5%

Americold Realty Trust, Inc. recorded an outflow of $40.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 29.7% from the same quarter a year earlier. Against the prior quarter it is up 42.5%.

Cash & Debt

$40.5M

YoY-60.1%

QoQ+1.6%

5Y CAGR-33.7%

Americold Realty Trust, Inc. held $40.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

285M

QoQ+0.1%

5Y CAGR+1.8%

Americold Realty Trust, Inc. had 285M shares outstanding in Q2 2026. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

32.1%

YoY-0.5pp

QoQ+1.0pp

Americold Realty Trust, Inc.'s gross margin was 32.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Operating Margin

-43.4%

YoY-49.2pp

QoQ-45.7pp

5Y change-46.9pp

Americold Realty Trust, Inc.'s operating margin was -43.4% in Q2 2026, reflecting core business profitability. This is down 49.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 45.7 percentage points.

Net Margin

-51.7%

YoY-51.9pp

QoQ-49.6pp

5Y change-49.7pp

Americold Realty Trust, Inc.'s net profit margin was -51.7% in Q2 2026, showing the share of revenue converted to profit. This is down 51.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 49.6 percentage points.

Return on Equity

-14.2%

YoY-14.2pp

QoQ-13.7pp

5Y change-13.8pp

Americold Realty Trust, Inc.'s ROE was -14.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 14.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 13.7 percentage points.

Capital Allocation

Capital Expenditures

$140.4M

YoY-21.0%

QoQ+27.7%

5Y CAGR+5.6%

Americold Realty Trust, Inc. invested $140.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 21.0% from the same quarter a year earlier. Against the prior quarter it is up 27.7%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

COLD 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.

COLD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	$2.6B	$2.6B-2.4%	$2.7B-0.3%	$2.7B-8.3%	$2.9B+7.4%	$2.7B+36.6%	$2.0B+11.4%	$1.8B+11.2%	$1.6B+3.9%	$1.5B+3.6%	$1.5B
Cost of Revenue	$1.8B	$1.8B-3.2%	$1.8B-4.4%	$1.9B-14.2%	$2.2B	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$830.1M	$839.4M-0.9%	$846.7M+9.9%	$770.6M+10.7%	$696.0M	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$267.5M	$269.5M+5.6%	$255.1M+12.5%	$226.8M-1.9%	$231.1M+26.9%	$182.1M+25.8%	$144.7M+11.9%	$129.3M+16.7%	$110.8M+11.3%	$99.6M+3.0%	$96.7M
Operating Income	-$326.1M	$7.2M-94.2%	$124.0M+214.5%	-$108.3M-223.3%	$87.9M+20.4%	$73.0M-56.7%	$168.5M+28.1%	$131.5M-26.9%	$180.0M+31.4%	$137.0M+3.7%	$132.1M
EBITDA	N/A	$374.6M-22.7%	$484.8M+97.5%	$245.4M-41.5%	$419.3M+6.7%	$392.8M+2.2%	$384.3M+30.4%	$294.8M-0.9%	$297.6M+17.3%	$253.7M+1.2%	$250.7M
Interest Expense	$157.2M	$147.8M+9.2%	$135.3M-3.4%	$140.1M+20.6%	$116.1M+17.1%	$99.2M+8.4%	$91.5M-3.1%	$94.4M+1.2%	$93.3M-18.8%	$114.9M-3.9%	$119.6M
Income Tax	-$10.0M	-$20.5M-142.7%	-$8.4M-270.8%	-$2.3M+87.9%	-$18.8M-1100.5%	-$1.6M+77.3%	-$6.9M-34.3%	-$5.2M-42.5%	-$3.6M-138.5%	$9.4M+59.8%	$5.9M
Net Income	-$456.8M	-$115.3M-21.8%	-$94.7M+71.8%	-$336.3M-1633.5%	-$19.4M+36.4%	-$30.5M-224.3%	$24.5M-49.0%	$48.2M+0.4%	$48.0M+7992.3%	-$608K-112.3%	$4.9M
EPS (Basic)	N/A	-$0.40-21.2%	-$0.33+73.0%	-$1.22-1642.9%	-$0.07+41.7%	-$0.12-209.1%	$0.11-57.7%	$0.26-16.1%	$0.31+172.1%	-$0.43-22.9%	-$0.35
EPS (Diluted)	-$1.59	-$0.40-21.2%	-$0.33+73.0%	-$1.22-1642.9%	-$0.07+41.7%	-$0.12-209.1%	$0.11-57.7%	$0.26-16.1%	$0.31	-$0.43-22.9%	-$0.35
Diluted Shares (Avg)	N/A	286M+0.3%	285M+3.3%	276M+2.3%	270M+4.1%	259M+25.2%	207M+12.5%	184M+27.4%	144M	70M+0.2%	70M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$662.9M+1.9%	$629.9M+0.1%	$658.5M-1.2%	$663.7M-1.6%	$650.7M-1.5%	$629.0M-5.4%	$666.4M-1.9%	$674.2M+0.9%
Cost of Revenue	$450.2M+2.5%	$434.4M+2.7%	$441.6M-3.0%	$458.6M-1.4%	$439.1M-1.4%	$423.1M-6.8%	$455.2M	$465.0M
Gross Profit	$212.7M+0.5%	$195.5M-5.0%	$216.9M+2.7%	$205.0M-2.0%	$211.7M-1.8%	$205.8M-2.4%	$211.2M	$209.2M
SG&A Expenses	$62.9M-6.0%	$71.3M+3.0%	$62.4M-6.3%	$71.0M+11.5%	$66.9M+12.5%	$69.2M+5.8%	$66.6M+15.3%	$63.7M+21.5%
Operating Income	-$287.8M-865.6%	$14.3M-35.7%	-$69.3M-724.0%	$16.8M-38.5%	$37.6M-40.7%	$22.2M-46.9%	-$8.4M+95.7%	$27.2M-17.5%
EBITDA	-$184.9M-244.4%	$106.0M-4.7%	$30.6M-62.4%	$104.8M-10.1%	$128.1M-16.3%	$111.2M-17.0%	$81.3M+181.1%	$116.6M-5.0%
Interest Expense	$42.3M+10.6%	$41.5M+15.0%	$39.5M+14.6%	$33.9M-0.9%	$38.2M+15.3%	$36.1M+8.0%	$34.5M	$34.3M-3.7%
Income Tax	$22.7M+601.7%	-$6.6M-362.0%	-$19.9M-181.0%	-$6.2M-654.7%	$3.2M+229.8%	$2.5M+25.7%	-$7.1M-1081.0%	-$828K-68.3%
Net Income	-$342.8M-22374.9%	-$13.6M+17.2%	-$89.1M-143.4%	-$11.4M-204.8%	$1.5M+102.4%	-$16.4M-268.2%	-$36.6M+83.9%	-$3.7M-78.6%
EPS (Basic)	-$1.19-12000.0%	-$0.05+16.7%	-$0.31-138.5%	-$0.04-300.0%	$0.01+104.3%	-$0.06-300.0%	-$0.13+84.1%	-$0.010.0%
EPS (Diluted)	-$1.19	-$0.05+16.7%	-$0.31-138.5%	-$0.04-300.0%	$0.01	-$0.06-300.0%	-$0.13+84.1%	-$0.01
Diluted Shares (Avg)	287M	286M+0.3%	N/A	286M+0.4%	286M	285M+0.2%	N/A	285M

Not reported in any period shown, so not listed: R&D Expenses.

COLD Balance Sheet

COLD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Total Assets	$8.1B+5.0%	$7.7B-1.7%	$7.9B-2.9%	$8.1B-1.4%	$8.2B+4.9%	$7.8B+87.8%	$4.2B+64.7%	$2.5B+5.7%	$2.4B	N/A
Cash & Equivalents	$136.9M+187.2%	$47.7M-21.1%	$60.4M+13.8%	$53.1M-36.0%	$83.0M-86.6%	$621.1M+165.1%	$234.3M+12.6%	$208.1M+325.8%	$48.9M+114.0%	$22.8M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$6.8M-8.0%	$7.4M+2.6%	$7.2M-75.3%	$29.3M+8.3%	$27.0M+25.7%	$21.5M+129.6%	$9.4M+19.0%	$7.9M-24.2%	$10.4M	N/A
Accounts Receivable	$368.5M-4.8%	$386.9M-9.2%	$426.0M-0.9%	$430.0M+13.2%	$380.0M+17.2%	$324.2M+50.9%	$214.8M+10.6%	$194.3M-2.9%	$200.0M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$828.3M+5.6%	$784.0M-1.3%	$794.0M-23.2%	$1.0B-3.7%	$1.1B+35.1%	$794.3M+149.4%	$318.5M+71.1%	$186.1M-1.1%	$188.2M+0.7%	$186.8M
Total Liabilities	$5.2B+17.4%	$4.4B+4.6%	$4.2B-1.9%	$4.3B+3.1%	$4.2B+3.7%	$4.0B+72.8%	$2.3B+28.0%	$1.8B-17.4%	$2.2B	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$2.6B	N/A	N/A	N/A	N/A
Total Equity	$2.9B-12.1%	$3.3B-9.3%	$3.6B-4.2%	$3.8B-6.2%	$4.0B+6.1%	$3.8B+106.8%	$1.8B+159.4%	$706.8M+478.1%	-$186.9M-25.1%	-$149.5M
Retained Earnings	-$2.7B-16.1%	-$2.3B-17.3%	-$2.0B-41.0%	-$1.4B-22.2%	-$1.2B-29.3%	-$895.5M-21.5%	-$736.9M-15.4%	-$638.3M-9.8%	-$581.5M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$7.8B-3.4%	$8.1B+3.3%	$8.1B+5.0%	$8.1B+2.5%	$8.1B+3.7%	$7.8B+0.5%	$7.7B-1.7%	$7.9B-1.6%
Cash & Equivalents	$40.5M-60.1%	$39.8M+2.3%	$136.9M+187.2%	$33.3M-45.6%	$101.4M+129.4%	$38.9M-34.2%	$47.7M-21.1%	$61.3M+13.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	$6.8M-8.0%	N/A	N/A	N/A	$7.4M+2.6%	N/A
Accounts Receivable	$397.3M+8.4%	$372.1M-1.8%	$368.5M-4.8%	$369.1M-19.8%	$366.5M-14.6%	$379.0M-7.0%	$386.9M-9.2%	$460.3M+8.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$826.7M-0.2%	$828.3M-0.4%	$828.3M+5.6%	$827.0M+4.3%	$828.5M+4.8%	$831.9M+5.2%	$784.0M-1.3%	$792.8M-22.5%
Total Liabilities	$5.4B+8.4%	$5.2B+13.4%	$5.2B+17.4%	$5.0B+11.5%	$4.9B+14.1%	$4.6B+10.0%	$4.4B+4.6%	$4.5B+10.5%
Total Equity	$2.4B-22.5%	$2.8B-11.6%	$2.9B-12.1%	$3.0B-10.0%	$3.1B-9.7%	$3.2B-10.9%	$3.3B-9.3%	$3.4B-14.3%
Retained Earnings	-$3.2B-29.0%	-$2.8B-15.5%	-$2.7B-16.1%	-$2.6B-14.4%	-$2.5B-14.3%	-$2.4B-18.3%	-$2.3B-17.3%	-$2.2B-31.4%

Not reported in any period shown, so not listed: Current Assets, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

COLD Cash Flow Statement

COLD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Operating Cash Flow	$349.1M	$359.6M-12.7%	$411.9M+12.5%	$366.2M+22.1%	$300.0M+9.9%	$273.1M-7.0%	$293.7M+24.3%	$236.2M+25.5%	$188.2M+15.2%	$163.3M+37.5%	$118.8M
Depreciation & Amortization	N/A	$367.4M+1.8%	$360.8M+2.0%	$353.7M+6.7%	$331.4M+3.6%	$319.8M+48.1%	$215.9M+32.2%	$163.3M+38.8%	$117.7M+0.8%	$116.7M-1.5%	$118.6M
Stock-Based Compensation	N/A	$30.2M+6.9%	$28.2M+19.7%	$23.6M-13.1%	$27.1M+13.4%	$23.9M+33.7%	$17.9M+12.6%	$15.9M+48.6%	$10.7M+345.8%	$2.4M-4.0%	$2.5M
Capital Expenditures	$537.0M	$576.8M+86.4%	$309.5M+17.0%	$264.5M-14.2%	$308.4M-29.6%	$438.2M+16.3%	$376.8M+73.5%	$217.2M+49.6%	$145.2M-2.5%	$149.0M+99.0%	$74.9M
Free Cash Flow	-$187.9M	-$217.2M-312.1%	$102.4M+0.7%	$101.7M+1315.1%	-$8.4M+94.9%	-$165.1M-98.6%	-$83.1M-538.1%	$19.0M-55.8%	$43.0M+199.7%	$14.3M-67.4%	$43.9M
Investing Cash Flow	-$504.9M	-$658.0M-110.1%	-$313.2M+12.3%	-$357.1M-2.5%	-$348.5M+71.9%	-$1.2B+44.9%	-$2.2B-40.1%	-$1.6B-1176.8%	-$125.7M+9.5%	-$138.8M-233.3%	-$41.7M
Financing Cash Flow	$95.1M	$383.3M+458.9%	-$106.8M-37368.4%	-$285K-101.2%	$23.3M-94.6%	$431.5M-81.5%	$2.3B+67.0%	$1.4B+1542.7%	$84.9M+556.6%	-$18.6M+80.5%	-$95.3M
Dividends Paid	$264.3M	$261.4M+3.7%	$252.1M+4.1%	$242.2M+1.5%	$238.7M+4.9%	$227.5M+36.2%	$167.1M+23.4%	$135.4M+77.0%	$76.5M+278.6%	$20.2M0.0%	$20.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$100.1M-16.8%	$39.9M+32.0%	$130.2M-19.9%	$78.9M+55.9%	$120.3M-12.0%	$30.2M-51.3%	$162.6M-6.0%	$50.6M-54.2%
Depreciation & Amortization	$102.9M+13.8%	$91.7M+3.0%	$99.9M+11.4%	$88.0M-1.5%	$90.5M+0.9%	$89.0M-3.4%	$89.7M-4.7%	$89.4M-0.4%
Stock-Based Compensation	N/A	$8.4M+2.6%	N/A	N/A	N/A	$8.2M+24.2%	N/A	N/A
Capital Expenditures	$140.4M-21.0%	$110.0M-2.3%	$142.4M+35.3%	$144.3M+51.6%	$177.7M+180.5%	$112.5M+146.0%	$105.2M+38.1%	$95.2M+57.7%
Free Cash Flow	-$40.3M+29.7%	-$70.1M+14.8%	-$12.2M-121.2%	-$65.4M-46.7%	-$57.4M-178.2%	-$82.3M-607.2%	$57.4M-40.7%	-$44.5M-188.9%
Investing Cash Flow	-$89.7M+36.9%	-$126.0M+44.4%	-$146.8M-37.5%	-$142.4M-46.4%	-$142.1M-103.4%	-$226.7M-476.6%	-$106.7M-8.1%	-$97.3M-1.6%
Financing Cash Flow	-$9.3M-111.6%	-$11.6M-106.2%	$119.9M+284.4%	-$3.9M-106.0%	$80.4M+195.0%	$186.9M+931.5%	-$65.0M+6.3%	$65.4M+977.8%
Dividends Paid	$66.5M+0.4%	$66.1M+4.3%	$65.6M+4.3%	$66.1M+4.9%	$66.2M+4.9%	$63.4M+0.6%	$62.9M+0.4%	$63.0M+5.4%

Not reported in any period shown, so not listed: Share Buybacks.

COLD 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.

COLD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Gross Margin	32.3%+0.5pp	31.8%+2.9pp	28.8%+4.9pp	23.9%	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	0.3%-4.4pp	4.7%+8.7pp	-4.0%-7.1pp	3.0%+0.3pp	2.7%-5.8pp	8.5%+1.1pp	7.4%-3.8pp	11.2%+2.3pp	8.9%0.0pp	8.9%
Net Margin	-4.4%-0.9pp	-3.5%+9.0pp	-12.6%-11.9pp	-0.7%+0.4pp	-1.1%-2.4pp	1.2%-1.5pp	2.7%-0.3pp	3.0%+3.0pp	0.0%-0.4pp	0.3%
Return on Equity	-4.0%-1.1pp	-2.9%+6.4pp	-9.3%-8.8pp	-0.5%+0.2pp	-0.8%-1.4pp	0.7%-2.0pp	2.6%-4.2pp	6.8%	N/A	N/A
Return on Assets	-1.4%-0.2pp	-1.2%+3.0pp	-4.3%-4.0pp	-0.2%+0.1pp	-0.4%-0.7pp	0.3%-0.8pp	1.1%-0.7pp	1.9%+1.9pp	0.0%	N/A
Debt-to-Equity	1.80+0.5x	1.35+0.2x	1.170.0x	1.14+0.1x	1.04+0.3x	0.70-0.6x	1.28-1.3x	2.58	N/A	N/A
Asset Turnover	0.320.0x	0.340.0x	0.340.0x	0.360.0x	0.33+0.1x	0.25-0.2x	0.43-0.2x	0.630.0x	0.64	N/A
FCF Margin	-8.3%-12.2pp	3.8%0.0pp	3.8%+4.1pp	-0.3%+5.8pp	-6.1%-1.9pp	-4.2%-5.2pp	1.1%-1.6pp	2.7%+1.8pp	0.9%-2.0pp	2.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	32.1%-0.5pp	31.0%-1.7pp	32.9%+1.2pp	30.9%-0.1pp	32.5%-0.1pp	32.7%+1.0pp	31.7%	31.0%
Operating Margin	-43.4%-49.2pp	2.3%-1.3pp	-10.5%-9.3pp	2.5%-1.5pp	5.8%-3.8pp	3.5%-2.8pp	-1.3%+27.4pp	4.0%-0.9pp
Net Margin	-51.7%-51.9pp	-2.1%+0.5pp	-13.5%-8.0pp	-1.7%-1.2pp	0.2%+9.9pp	-2.6%-4.1pp	-5.5%+27.9pp	-0.5%-0.2pp
Return on Equity	-14.2%-14.2pp	-0.5%0.0pp	-3.1%-2.0pp	-0.4%-0.3pp	0.1%+1.9pp	-0.5%-0.8pp	-1.1%+5.2pp	-0.1%-0.1pp
Return on Assets	-4.4%-4.4pp	-0.2%0.0pp	-1.1%-0.6pp	-0.1%-0.1pp	0.0%+0.8pp	-0.2%-0.3pp	-0.5%+2.4pp	-0.1%0.0pp
Debt-to-Equity	2.22+0.6x	1.85+0.4x	1.80+0.5x	1.65+0.3x	1.59+0.3x	1.44+0.3x	1.35+0.2x	1.33+0.3x
Asset Turnover	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.090.0x	0.090.0x
FCF Margin	-6.1%+2.7pp	-11.1%+2.0pp	-1.8%-10.5pp	-9.8%-3.2pp	-8.8%-19.9pp	-13.1%-15.5pp	8.6%-5.6pp	-6.6%-14.1pp

Not reported in any period shown, so not listed: Current Ratio.

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
Americold Realty Trust, Inc. COLD	FY2025	$2.6B	-$115.3M	-4.4%	$4.2B	32/100
National Storage Affiliates Trust NSA	FY2025	$752.9M	$73.8M	9.8%	$3.4B	31/100
LXP Industrial Trust LXP	FY2025	$350.2M	$113.2M	32.3%	$3.6B	37/100
Terreno Realty Corporation TRNO	FY2025	$476.4M	$403.0M	84.6%	$7.1B	51/100
First Industrial Realty Trust, Inc. FR	FY2025	$727.1M	$247.4M	34.0%	$8.1B	49/100
STAG INDUSTRIAL, INC. STAG	FY2025	$845.2M	$273.5M	32.4%	$7.2B	54/100

Where Americold Realty Trust, Inc. Ranks

Frequently Asked Questions

What is Americold Realty Trust, Inc.'s annual revenue?

Americold Realty Trust, Inc. (COLD) reported $2.6B in total revenue for fiscal year 2025. This represents a -2.4% 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 Americold Realty Trust, Inc.'s revenue growing?

Americold Realty Trust, Inc. (COLD) revenue declined by 2.4% year-over-year, from $2.7B to $2.6B in fiscal year 2025.

Is Americold Realty Trust, Inc. profitable?

No, Americold Realty Trust, Inc. (COLD) reported a net income of -$115.3M in fiscal year 2025, with a net profit margin of -4.4%.

What is Americold Realty Trust, Inc.'s EBITDA?

Americold Realty Trust, Inc. (COLD) had EBITDA of $374.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Americold Realty Trust, Inc.'s gross margin?

Americold Realty Trust, Inc. (COLD) had a gross margin of 32.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Americold Realty Trust, Inc.'s operating margin?

Americold Realty Trust, Inc. (COLD) had an operating margin of 0.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Americold Realty Trust, Inc.'s net profit margin?

Americold Realty Trust, Inc. (COLD) had a net profit margin of -4.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Americold Realty Trust, Inc.'s return on equity (ROE)?

Americold Realty Trust, Inc. (COLD) has a return on equity of -4.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Americold Realty Trust, Inc.'s free cash flow?

Americold Realty Trust, Inc. (COLD) recorded an outflow of $217.2M in free cash flow during fiscal year 2025. This represents a -312.1% change compared to the previous fiscal year. 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 Americold Realty Trust, Inc.'s operating cash flow?

Americold Realty Trust, Inc. (COLD) generated $359.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Americold Realty Trust, Inc.'s total assets?

Americold Realty Trust, Inc. (COLD) had $8.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Americold Realty Trust, Inc.'s capital expenditures?

Americold Realty Trust, Inc. (COLD) invested $576.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Americold Realty Trust, Inc. have outstanding?

Americold Realty Trust, Inc. (COLD) had 285M shares outstanding as of fiscal year 2025.

What is Americold Realty Trust, Inc.'s debt-to-equity ratio?

Americold Realty Trust, Inc. (COLD) had a debt-to-equity ratio of 1.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Americold Realty Trust, Inc.'s return on assets (ROA)?

Americold Realty Trust, Inc. (COLD) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Americold Realty Trust, Inc.'s P/E ratio?

Americold Realty Trust, Inc. (COLD) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $4.2B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Americold Realty Trust, Inc.'s price-to-sales ratio?

Americold Realty Trust, Inc. (COLD) trades at 1.6x sales, its market capitalization divided by revenue of $2.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.2B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Americold Realty Trust, Inc.'s Piotroski F-Score?

Americold Realty Trust, Inc. (COLD) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Americold Realty Trust, Inc.'s earnings high quality?

Americold Realty Trust, Inc. (COLD) reported a net loss of $115.3M while generating $359.6M 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 Americold Realty Trust, Inc. cover its interest payments?

Americold Realty Trust, Inc. (COLD) has an interest coverage ratio of 0.05x, 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 Americold Realty Trust, Inc.?

Americold Realty Trust, Inc. (COLD) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), 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.