Willdan Group Financials
Willdan Group (WLDN) reported $681.6M in revenue for fiscal year 2025, up 20.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Cash-generating margin expansion now funds investment while reducing dependence on debt.
From FY2023 to FY2025, operating margin expanded from4.3% to6.5% , while operating cash flow reached$80.1M in FY2025; profitability is translating into cash rather than remaining primarily accrual-driven. Free cash flow of$71.0M exceeded net income of$52.6M , showing earnings were accompanied by internally generated funding even after capital spending.
Gross margin widened from
The balance-sheet posture became less debt-dependent: debt-to-equity fell from 0.3x in FY2024 to 0.2x in FY2025. Investing and financing outflows of
Financial Health Signals
Scored against operating companies 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 Willdan Group'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.
Willdan Group has an operating margin of 6.5%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is up from 5.5% the prior year.
Willdan Group's revenue surged 20.5% year-over-year to $681.6M, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Willdan Group carries a low D/E ratio of 0.15, meaning only $0.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.
Willdan Group's current ratio of 1.56 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
Willdan Group converts 10.4% of revenue into free cash flow ($70.7M). This strong cash generation earns a score of 66/100.
Willdan Group's ROE of 17.2% shows moderate profitability relative to equity, earning a score of 56/100. This is up from 9.6% the prior year.
Willdan Group scores 5.22, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.3B) relative to total liabilities ($239.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Willdan Group passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Willdan Group generates $1.52 in operating cash flow ($80.1M OCF vs $52.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Willdan Group generated $681.6M in revenue in fiscal year 2025. This represents an increase of 20.5% from the prior year.
Willdan Group's EBITDA was $62.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.3% from the prior year.
Willdan Group reported $52.6M in net income in fiscal year 2025. This represents an increase of 132.9% from the prior year.
Willdan Group earned $3.49 per diluted share (EPS) in fiscal year 2025. This represents an increase of 120.9% from the prior year.
Cash & Balance Sheet
Willdan Group generated $70.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 11.1% from the prior year.
Willdan Group held $65.9M in cash against $46.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Willdan Group's gross margin was 37.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Willdan Group's operating margin was 6.5% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.
Willdan Group's net profit margin was 7.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.7 percentage points from the prior year.
Willdan Group's ROE was 17.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 7.6 percentage points from the prior year.
Capital Allocation
Willdan Group invested $9.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
WLDN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $741.8M | $681.6M+20.5% | $565.8M+10.9% | $510.1M+18.9% | $429.1M+21.3% | $353.8M-9.5% | $391.0M-11.8% | $443.1M+62.8% | $272.3M-0.4% | $273.4M+30.8% | $208.9M+54.7% | $135.1M+25.0% | $108.1M+26.4% | $85.5M-8.5% | $93.4M-12.8% | $107.2M |
| Cost of Revenue | N/A | $425.9M+17.3% | $363.0M+9.9% | $330.3M+15.7% | $285.6M+31.1% | $217.9M-16.7% | $261.6M-15.1% | $308.1M+71.9% | $179.3M-8.8% | $196.7M+37.3% | $143.3M+74.5% | $82.1M+28.6% | $63.8M+30.4% | $48.9M-17.0% | $59.0M-8.9% | $64.7M |
| Gross Profit | N/A | $255.7M+26.1% | $202.8M+12.8% | $179.8M+25.2% | $143.6M+5.7% | $135.9M+5.0% | $129.4M-4.1% | $135.0M+45.2% | $93.0M+21.2% | $76.7M+16.8% | $65.7M+23.9% | $53.0M+19.8% | $44.3M+21.0% | $36.6M+6.1% | $34.5M-18.7% | $42.4M |
| Operating Income | $52.3M | $44.1M+40.8% | $31.4M+42.0% | $22.1M+412.5% | -$7.1M+18.7% | -$8.7M+46.4% | -$16.2M-273.3% | $9.4M-26.7% | $12.8M-6.8% | $13.7M+18.7% | $11.5M+53.3% | $7.5M-9.4% | $8.3M+218.6% | $2.6M+113.5% | -$19.3M-666.2% | $3.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $3.9M-23.7% | $5.1M+3.4% | $4.9M+600.0% | $700K+530.6% | $111K-38.0% | $179K-13.5% | $207K+1193.8% | $16K-83.0% | $94K-11.3% | $106K+37.7% | $77K |
| Income Tax | -$14.3M | -$12.6M-405.7% | $4.1M+12.1% | $3.7M+222.0% | -$3.0M+24.7% | -$4.0M+22.9% | -$5.2M-2696.2% | -$185K-108.7% | $2.1M+36.4% | $1.6M-49.1% | $3.1M-0.5% | $3.1M+411.3% | -$990K-850.0% | $132K+106.3% | -$2.1M-238.9% | $1.5M |
| Net Income | $65.3M | $52.6M+132.9% | $22.6M+106.6% | $10.9M+229.3% | -$8.4M-0.4% | -$8.4M+41.9% | -$14.5M-399.4% | $4.8M-51.7% | $10.0M-17.3% | $12.1M+46.2% | $8.3M+94.9% | $4.3M-54.8% | $9.4M+258.0% | $2.6M+115.2% | -$17.3M-1045.4% | $1.8M |
| EPS (Diluted) | $4.26 | $3.49+120.9% | $1.58+97.5% | $0.80+223.1% | -$0.65+4.4% | -$0.68+44.7% | -$1.23-400.0% | $0.41-60.2% | $1.03-22.0% | $1.32+36.1% | $0.97+86.5% | $0.52-57.4% | $1.22+248.6% | $0.35+114.8% | -$2.37-1087.5% | $0.24 |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
TTM is the trailing twelve months, Q3 FY2026 through Q2 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
WLDN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $544.2M+17.1% | $464.9M+11.9% | $415.6M+1.4% | $409.7M+3.9% | $394.4M-2.1% | $403.0M-8.4% | $439.9M+46.2% | $300.9M+117.8% | $138.2M+27.5% | $108.3M+49.8% | $72.3M+46.7% | $49.3M+29.0% | $38.2M-8.9% | $42.0M-34.7% | $64.3M |
| Current Assets | $251.7M+6.9% | $235.5M+22.7% | $192.0M+10.4% | $174.0M+16.8% | $149.0M-4.5% | $155.9M-11.2% | $175.5M+28.9% | $136.1M+63.6% | $83.2M+10.6% | $75.2M+48.9% | $50.5M+9.9% | $46.0M+37.2% | $33.5M-9.9% | $37.2M-12.1% | $42.4M |
| Cash & Equivalents | $65.9M-11.1% | $74.2M+217.0% | $23.4M+165.7% | $8.8M-21.5% | $11.2M-60.5% | $28.4M+421.0% | $5.5M-64.3% | $15.3M+5.8% | $14.4M-36.4% | $22.7M+37.5% | $16.5M-9.3% | $18.2M+172.8% | $6.7M-24.5% | $8.8M+193.8% | $3.0M |
| Accounts Receivable | $64.6M-1.5% | $65.6M-5.9% | $69.7M+15.7% | $60.2M-10.4% | $67.2M+26.6% | $53.1M-7.7% | $57.5M-6.3% | $61.3M+105.3% | $29.9M-1.3% | $30.3M+68.9% | $17.9M+35.9% | $13.2M+0.2% | $13.2M-15.0% | $15.5M-7.7% | $16.8M |
| Goodwill | $179.5M+27.3% | $141.0M+7.5% | $131.1M+0.8% | $130.1M0.0% | $130.1M0.0% | $130.1M+1.9% | $127.6M+30.6% | $97.7M+156.0% | $38.2M+74.0% | $21.9M+36.3% | $16.1M | $0 | $0 | $0-100.0% | $15.2M |
| Total Liabilities | $239.4M+3.8% | $230.5M+6.8% | $215.7M-5.4% | $228.2M+6.0% | $215.2M-8.0% | $233.9M-14.2% | $272.6M+74.1% | $156.6M+132.0% | $67.5M+15.6% | $58.4M+68.2% | $34.7M+83.6% | $18.9M+5.0% | $18.0M-26.8% | $24.6M-18.0% | $30.0M |
| Current Liabilities | $161.8M+17.5% | $137.7M+20.1% | $114.7M-9.8% | $127.2M+8.5% | $117.2M+0.5% | $116.7M-11.6% | $132.0M+44.5% | $91.3M+62.0% | $56.4M+10.4% | $51.1M+82.2% | $28.0M+51.9% | $18.4M+3.5% | $17.8M-26.1% | $24.1M-17.6% | $29.3M |
| Long-Term Debt | $46.0M-42.1% | $79.3M-10.8% | $89.0M-1.7% | $90.5M+5.9% | $85.5M-24.4% | $113.2M-13.2% | $130.4M+84.1% | $70.8M | N/A | N/A | N/A | N/A | N/A | $3.6M+4611.7% | $77K |
| Total Equity | $304.9M+30.1% | $234.3M+17.3% | $199.8M+10.1% | $181.5M+1.3% | $179.2M+5.9% | $169.2M+1.1% | $167.3M+15.9% | $144.3M+104.2% | $70.7M+41.5% | $49.9M+32.7% | $37.6M+23.7% | $30.4M+50.5% | $20.2M+16.5% | $17.4M-49.4% | $34.3M |
| Retained Earnings | $89.7M+141.5% | $37.1M+154.8% | $14.6M+299.3% | $3.7M-69.8% | $12.1M-41.0% | $20.5M-41.4% | $35.0M+16.0% | $30.2M+49.8% | $20.1M+170.0% | $7.5M+988.0% | -$840K+83.5% | -$5.1M+64.9% | -$14.5M+15.3% | -$17.1M-11161.3% | $155K |
Not reported in any period shown, so not listed: Inventory.
WLDN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $70.9M | $80.1M+11.1% | $72.1M+83.8% | $39.2M+315.7% | $9.4M-3.8% | $9.8M-79.2% | $47.0M+304.7% | $11.6M+53.6% | $7.6M-31.6% | $11.1M-48.8% | $21.6M+166.6% | $8.1M-31.9% | $11.9M+880.7% | $1.2M-74.1% | $4.7M+785.5% | -$683K |
| Capital Expenditures | $8.5M | $9.4M+11.6% | $8.4M-15.2% | $9.9M+3.4% | $9.6M+13.0% | $8.5M+67.5% | $5.1M-23.5% | $6.6M+215.3% | $2.1M-3.4% | $2.2M+31.0% | $1.7M-32.8% | $2.5M+403.0% | $492K+60.8% | $306K-14.8% | $359K-9.1% | $395K |
| Free Cash Flow | $62.3M | $70.7M+11.1% | $63.7M+117.4% | $29.3M+17430.8% | -$169K-113.0% | $1.3M-96.9% | $41.9M+741.7% | $5.0M-8.8% | $5.5M-38.6% | $8.9M-55.4% | $19.9M+254.3% | $5.6M-50.7% | $11.4M+1157.3% | $907K-79.0% | $4.3M+501.0% | -$1.1M |
| Investing Cash Flow | -$60.1M | -$45.6M-189.9% | -$15.7M-37.4% | -$11.5M-20.3% | -$9.5M-12.7% | -$8.5M-67.1% | -$5.1M+93.5% | -$78.3M+38.0% | -$126.4M-653.2% | -$16.8M-59.8% | -$10.5M+1.2% | -$10.6M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$3.9M | -$42.7M-666.6% | -$5.6M+76.6% | -$23.8M-385.3% | $8.4M+145.1% | -$18.5M+2.5% | -$19.0M-133.4% | $56.9M-52.4% | $119.7M+4825.8% | -$2.5M+48.5% | -$4.9M-679.6% | $848K | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2026 through Q2 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
WLDN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.5%+1.7pp | 35.8%+0.6pp | 35.2%+1.8pp | 33.5%-4.9pp | 38.4%+5.3pp | 33.1%+2.6pp | 30.5%-3.7pp | 34.2%+6.1pp | 28.1%-3.4pp | 31.4%-7.8pp | 39.3%-1.7pp | 40.9%-1.8pp | 42.8%+5.9pp | 36.9%-2.7pp | 39.6% |
| Operating Margin | 6.5%+0.9pp | 5.5%+1.2pp | 4.3%+6.0pp | -1.7%+0.8pp | -2.5%+1.7pp | -4.2%-6.3pp | 2.1%-2.6pp | 4.7%-0.3pp | 5.0%-0.5pp | 5.5%0.0pp | 5.6%-2.1pp | 7.7%+4.6pp | 3.0%+23.7pp | -20.6%-23.8pp | 3.2% |
| Net Margin | 7.7%+3.7pp | 4.0%+1.8pp | 2.1%+4.1pp | -2.0%+0.4pp | -2.4%+1.3pp | -3.7%-4.8pp | 1.1%-2.6pp | 3.7%-0.8pp | 4.4%+0.5pp | 4.0%+0.8pp | 3.1%-5.6pp | 8.7%+5.6pp | 3.1%+21.6pp | -18.5%-20.2pp | 1.7% |
| Return on Equity | 17.2%+7.6pp | 9.6%+4.2pp | 5.5%+10.1pp | -4.7%+0.1pp | -4.7%+3.9pp | -8.6%-11.5pp | 2.9%-4.1pp | 7.0%-10.2pp | 17.2%+0.5pp | 16.6%+5.3pp | 11.3%-19.6pp | 31.0%+17.9pp | 13.0%+112.7pp | -99.7%-105.0pp | 5.3% |
| Return on Assets | 9.7%+4.8pp | 4.9%+2.2pp | 2.6%+4.7pp | -2.1%+0.1pp | -2.1%+1.5pp | -3.6%-4.7pp | 1.1%-2.2pp | 3.3%-5.5pp | 8.8%+1.1pp | 7.7%+1.8pp | 5.9%-13.2pp | 19.1%+12.2pp | 6.9%+48.1pp | -41.2%-44.1pp | 2.9% |
| Current Ratio | 1.56-0.2x | 1.710.0x | 1.67+0.3x | 1.37+0.1x | 1.27-0.1x | 1.340.0x | 1.33-0.2x | 1.490.0x | 1.480.0x | 1.47-0.3x | 1.80-0.7x | 2.49+0.6x | 1.88+0.3x | 1.54+0.1x | 1.45 |
| Debt-to-Equity | 0.15-0.2x | 0.34-0.1x | 0.45-0.1x | 0.500.0x | 0.48-0.2x | 0.67-0.1x | 0.78+0.3x | 0.49-0.5x | 0.96-0.2x | 1.17+0.2x | 0.92+0.3x | 0.62-0.3x | 0.89+0.7x | 0.21+0.2x | 0.00 |
| FCF Margin | 10.4%-0.9pp | 11.3%+5.5pp | 5.7%+5.8pp | 0.0%-0.4pp | 0.4%-10.4pp | 10.7%+9.6pp | 1.1%-0.9pp | 2.0%-1.2pp | 3.3%-6.3pp | 9.5%+5.4pp | 4.2%-6.4pp | 10.5%+9.5pp | 1.1%-3.6pp | 4.6%+5.6pp | -1.0% |
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Where Willdan Group Ranks
Frequently Asked Questions
What is Willdan Group's annual revenue?
Willdan Group (WLDN) reported $681.6M in total revenue for fiscal year 2025. This represents a 20.5% 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 Willdan Group's revenue growing?
Willdan Group (WLDN) revenue grew by 20.5% year-over-year, from $565.8M to $681.6M in fiscal year 2025.
Is Willdan Group profitable?
Yes, Willdan Group (WLDN) reported a net income of $52.6M in fiscal year 2025, with a net profit margin of 7.7%.
What is Willdan Group's EBITDA?
Willdan Group (WLDN) had EBITDA of $62.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Willdan Group have?
As of fiscal year 2025, Willdan Group (WLDN) had $65.9M in cash and equivalents against $46.0M in long-term debt.
What is Willdan Group's gross margin?
Willdan Group (WLDN) had a gross margin of 37.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Willdan Group's operating margin?
Willdan Group (WLDN) had an operating margin of 6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Willdan Group's net profit margin?
Willdan Group (WLDN) had a net profit margin of 7.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Willdan Group's return on equity (ROE)?
Willdan Group (WLDN) has a return on equity of 17.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Willdan Group's free cash flow?
Willdan Group (WLDN) generated $70.7M in free cash flow during fiscal year 2025. This represents a 11.1% 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 Willdan Group's operating cash flow?
Willdan Group (WLDN) generated $80.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Willdan Group's total assets?
Willdan Group (WLDN) had $544.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Willdan Group's capital expenditures?
Willdan Group (WLDN) invested $9.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Willdan Group's current ratio?
Willdan Group (WLDN) had a current ratio of 1.56 as of fiscal year 2025, which is generally considered healthy.
What is Willdan Group's debt-to-equity ratio?
Willdan Group (WLDN) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Willdan Group's return on assets (ROA)?
Willdan Group (WLDN) had a return on assets of 9.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Willdan Group's Altman Z-Score?
Willdan Group (WLDN) has an Altman Z-Score of 5.22, placing it in the Safe Zone (low 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 Willdan Group's Piotroski F-Score?
Willdan Group (WLDN) has a Piotroski F-Score of 7 out of 9, indicating strong 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 Willdan Group's earnings high quality?
Willdan Group (WLDN) has an earnings quality ratio of 1.52x, considered cash-backed (high quality). 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.
How financially healthy is Willdan Group?
Willdan Group (WLDN) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite 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.