Cash flow ATS Corporation

Equities

ATS

CA00217Y1043

Industrial Machinery & Equipment

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-12-12 EST			5-day change	1st Jan Change
37.86 ^CAD	-0.94%		+0.40%	-13.64%

11-06	Scotiabank Upgrades ATS to Sector Outperform From Sector Perform, Adjusts PT to CA$49 From CA$45	MT
11-05	ATS Corporation, Q2 2026 Earnings Call, Nov 05, 2025

5e2c49c5ffc4d3212530fa65496.Op1Tr4K-tjPuF0iuCUt-jEWceIt2K3rTUhcouQOBZGA.f81inNPPh0WIWA3fc2ZK4i37CbwzGgmGIGcRzkHTIitbzhLZ1PnzXIh2Jw

Published financial data: ATS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.43B	2.18B	2.58B	3.03B	2.53B
Total Revenues	1.43B	2.18B	2.58B	3.03B	2.53B
Cost of Goods Sold, Total	1.06B	1.54B	1.84B	2.17B	1.88B
Gross Profit	374M	640M	738M	863M	655M
Selling General & Admin Expenses, Total	241M	379M	445M	501M	580M
Stock-Based Compensation (IS)	14.28M	32.76M	30.59M	13.79M	9.18M
Other Operating Expenses, Total	255M	412M	475M	515M	589M
Operating Income	119M	228M	262M	348M	65.83M
Interest Expense, Total	-41.77M	-32.71M	-64.68M	-70.68M	-98.24M
Interest And Investment Income	1.62M	508K	1.96M	1.98M	6.05M
Net Interest Expenses	-40.15M	-32.2M	-62.72M	-68.7M	-92.19M
EBT, Excl. Unusual Items	78.71M	196M	200M	279M	-26.37M
Restructuring Charges	-14.36M	-5.95M	-27.49M	-22.79M	-23.97M
Merger & Related Restructuring Charges	-6.7M	-37.7M	-12.3M	-9.6M	-8.4M
Other Unusual Items	21.8M	2.3M	-	-	-24.2M
EBT, Incl. Unusual Items	79.46M	154M	160M	247M	-82.94M
Income Tax Expense	15.35M	33.02M	32.07M	52.51M	-54.96M
Earnings From Continuing Operations	64.1M	121M	128M	194M	-27.98M
Net Income to Company	64.1M	121M	128M	194M	-27.98M
Minority Interest	-11K	709K	-268K	-446K	-71K
Net Income - (IS)	64.09M	122M	127M	194M	-28.05M
Net Income to Common Incl Extra Items	64.09M	122M	127M	194M	-28.05M
Net Income to Common Excl. Extra Items	64.09M	122M	127M	194M	-28.05M
Per Share Items
Net EPS - Basic	0.7	1.32	1.39	1.98	-0.29
Basic EPS - Continuing Operations	0.7	1.32	1.39	1.98	-0.29
Basic Weighted Average Shares Outstanding	92.2M	92.21M	91.84M	97.76M	97.98M
Net EPS - Diluted	0.69	1.32	1.38	1.97	-0.29
Diluted EPS - Continuing Operations	0.69	1.32	1.38	1.97	-0.29
Diluted Weighted Average Shares Outstanding	92.37M	92.63M	92.24M	98.58M	97.98M
Normalized Basic EPS	0.53	1.33	1.36	1.78	-0.17
Normalized Diluted EPS	0.53	1.33	1.35	1.76	-0.17
Supplemental Items
EBITDA	167M	298M	345M	440M	164M
EBITA	152M	277M	320M	412M	130M
EBIT	119M	228M	262M	348M	65.83M
EBITDAR	170M	302M	350M	447M	171M
Total Revenues (As Reported)	1.43B	2.18B	2.58B	-	-
Effective Tax Rate - (Ratio)	19.32	21.38	20.07	21.28	66.27
Total Current Taxes	44.41M	68.63M	69.61M	82.42M	29.59M
Total Deferred Taxes	-29.05M	-35.61M	-37.54M	-29.92M	-84.55M
Normalized Net Income	49.18M	123M	124M	174M	-16.55M
Interest on Long-Term Debt	2.82M	3.73M	4.02M	5.47M	6.05M
Non-Cash Pension Expense	565K	416K	579K	1.02M	986K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	14.72M	24.29M	29.18M	37.66M	41.75M
Net Rental Expense, Total	3.33M	3.9M	4.31M	6.18M	6.49M
Imputed Operating Lease Interest Expense	1.89M	1.26M	1.88M	2.72M	3.38M
Imputed Operating Lease Depreciation	1.44M	2.63M	2.43M	3.46M	3.11M
Stock-Based Comp., Other (Total)	14.28M	32.76M	30.59M	13.79M	10.56M
Total Stock-Based Compensation	14.28M	32.76M	30.59M	13.79M	10.56M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	187M	135M	160M	170M	226M
Trading Asset Securities, Total	-	-	-	-	2.6M
Total Cash And Short Term Investments	187M	135M	160M	170M	229M
Accounts Receivable, Total	538M	687M	896M	1.14B	1.2B
Other Receivables	28.64M	58.21M	59.86M	66.82M	79.88M
Total Receivables	567M	745M	956M	1.21B	1.28B
Inventory	135M	208M	257M	296M	320M
Prepaid Expenses	16.25M	21.91M	29.77M	38.05M	41.21M
Restricted Cash	-	-	-	-	784K
Other Current Assets, Total	21.56M	36.57M	49.76M	40.74M	35.13M
Total Current Assets	927M	1.15B	1.45B	1.75B	1.91B
Gross Property Plant And Equipment	341M	394M	467M	528M	606M
Accumulated Depreciation	-76.83M	-90.55M	-110M	-126M	-158M
Net Property Plant And Equipment	264M	303M	357M	403M	447M
Long-term Investments	5.14M	18M	16.65M	18.4M	1.34M
Goodwill	671M	1.02B	1.12B	1.23B	1.39B
Other Intangibles, Total	265M	568M	593M	680M	759M
Deferred Tax Assets Long-Term	11.09M	7.92M	6.34M	5.9M	104M
Other Long-Term Assets, Total	53.19M	627K	25K	14K	10.71M
Total Assets	2.2B	3.07B	3.54B	4.09B	4.62B
Liabilities
Accounts Payable, Total	315M	422M	551M	520M	550M
Accrued Expenses, Total	17.62M	35.05M	58.74M	33.54M	17.04M
Short-term Borrowings	1.11M	1.77M	5.82M	4.06M	27.27M
Current Portion of Long-Term Debt	79K	43K	65K	176K	219K
Current Portion of Leases	15.2M	19.96M	23.99M	27.57M	32.69M
Current Income Taxes Payable	32.94M	48.62M	38.9M	44.73M	40.07M
Unearned Revenue Current, Total	253M	292M	330M	363M	428M
Other Current Liabilities	29.09M	25.16M	35.46M	35.98M	29.96M
Total Current Liabilities	664M	845M	1.04B	1.03B	1.13B
Long-Term Debt	432M	1.02B	1.17B	1.19B	1.56B
Long-Term Leases	57.76M	62.86M	73.26M	83.81M	96.7M
Pension & Other Post Retirement Benefits	34.11M	29.13M	25.49M	24.58M	25.8M
Deferred Tax Liability Non Current	74.44M	126M	104M	81.35M	101M
Other Non Current Liabilities	21.07M	-	-	-	3.85M
Total Liabilities	1.28B	2.08B	2.41B	2.4B	2.91B
Common Stock, Total	526M	530M	521M	866M	842M
Additional Paid In Capital	11.17M	11.73M	15.47M	26.12M	36.54M
Retained Earnings	298M	417M	531M	724M	660M
Comprehensive Income and Other	59.83M	22.85M	60.04M	64.16M	167M
Total Common Equity	895M	982M	1.13B	1.68B	1.71B
Minority Interest	17.4M	4.09M	3.74M	3.28M	3.58M
Total Equity	913M	986M	1.13B	1.68B	1.71B
Total Liabilities And Equity	2.2B	3.07B	3.54B	4.09B	4.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	92.08M	91.92M	91.94M	97.92M	97.63M
ECS Total Common Shares Outstanding	92.08M	92.27M	91.6M	98.22M	96.89M
Book Value / Share	9.72	10.64	12.3	17.11	17.61
Tangible Book Value	-40.48M	-611M	-585M	-227M	-447M
Tangible Book Value Per Share	-0.44	-6.63	-6.38	-2.32	-4.62
Total Debt	506M	1.11B	1.27B	1.3B	1.72B
Net Debt	319M	970M	1.11B	1.13B	1.49B
Debt Equivalent of Unfunded Proj. Benefit Obligation	34.11M	29.13M	25.49M	24.58M	25.8M
Debt Equivalent Oper. Leases	26.62M	31.16M	34.51M	49.43M	51.89M
Minority Interest, Total (Incl. Fin. Div)	17.4M	4.09M	3.74M	3.28M	3.58M
Account Code - Inventory Valuation	5	5	5	5	6
Inventories - Raw Materials, Total	58.35M	104M	139M	153M	145M
Inventories - Work In Process, Total	65.08M	76.88M	84.4M	98.24M	106M
Inventories - Finished Goods, Total	11.55M	27.02M	33.67M	44.2M	69.23M
Land - (BS)	31.81M	34.68M	36.6M	39.73M	49.07M
Buildings, Total	154M	161M	200M	226M	253M
Machinery, Total	80.16M	111M	131M	148M	173M
Full Time Employees	5K	6K	6.5K	7K	7.5K
Accumulated Allowance for Doubtful Accounts (Supple)	6.03M	5.22M	6.5M	6.24M	9.18M
Order Backlog	1.16B	1.44B	2.15B	1.79B	2.14B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	64.09M	122M	127M	194M	-28.05M
Depreciation & Amortization - CF	30.93M	43.12M	49.65M	58.11M	67.5M
Amortization of Goodwill and Intangible Assets - (CF)	33.49M	49.16M	57.5M	64.21M	64.61M
Depreciation & Amortization, Total	64.42M	92.27M	107M	122M	132M
Amortization of Deferred Charges, Total - (CF)	6.5M	23.15M	18.33M	18.86M	20.57M
(Gain) Loss From Sale Of Asset	-6.5M	-	-	-	-
Stock-Based Compensation (CF)	14.28M	1.36M	5.09M	11.25M	10.56M
Other Operating Activities, Total	-21.76M	-8.43M	-20.8M	-49.75M	-101M
Change In Accounts Receivable	-	-	-	-229M	-39.52M
Change In Inventories	-	-	-	-12.2M	1.56M
Change In Accounts Payable	-	-	-	-69.92M	42.13M
Change in Unearned Revenues	-	-	-	14.94M	17.93M
Change In Income Taxes	-	-	-	7.31M	-25.32M
Change in Other Net Operating Assets	64.14M	-14.3M	-109M	12.97M	-4.74M
Cash from Operations	185M	216M	128M	20.78M	25.77M
Capital Expenditure	-21.5M	-35.24M	-56.1M	-54.43M	-32.45M
Sale of Property, Plant, and Equipment	11.96M	817K	1.46M	23.21M	5.53M
Cash Acquisitions	-68.52M	-745M	-51.68M	-277M	-179M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-37K	-1.07M	-	-4.4M	-1.5M
Sale (Purchase) of Intangible assets	-10.03M	-16.96M	-24.19M	-29.63M	-44.08M
Other Investing Activities, Total	-	-	21.49M	-	-16.56M
Cash from Investing	-88.13M	-797M	-109M	-342M	-268M
Short Term Debt Issued, Total	-	-	3.4M	-	22.48M
Long-Term Debt Issued, Total	504M	746M	396M	817M	907M
Total Debt Issued	504M	746M	399M	817M	929M
Short Term Debt Repaid, Total	-3.58M	-1.32M	-	-1.53M	-
Long-Term Debt Repaid, Total	-757M	-178M	-365M	-824M	-604M
Total Debt Repaid	-761M	-179M	-365M	-826M	-604M
Issuance of Common Stock	6.11M	2.99M	4.96M	382M	495K
Repurchase of Common Stock	-8.66M	-	-33.44M	-23.83M	-59.67M
Other Financing Activities, Total	-	-38.19M	-452K	-17.92M	24.26M
Cash from Financing	-259M	532M	4.88M	331M	290M
Foreign Exchange Rate Adjustments	-9.09M	-2.42M	925K	591K	8.16M
Net Change in Cash	-171M	-52.18M	24.58M	10.31M	55.77M
Supplemental Items
Cash Interest Paid	38.43M	30.8M	58.45M	68.53M	95.15M
Cash Income Tax Paid (Refund)	6.53M	24.13M	58.4M	49.51M	61.94M
Levered Free Cash Flow	193M	126M	109M	-63.6M	41.03M
Unlevered Free Cash Flow	219M	146M	149M	-19.43M	102M
Change In Net Working Capital	-91.51M	92.4M	90.48M	308M	25.42M
Net Debt Issued / Repaid	-257M	567M	33.81M	-9.47M	325M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.46	5.41	4.96	5.7	0.94
Return on Total Capital	5.02	8.12	7.3	8.07	1.28
Return On Equity %	7.2	12.8	12.07	13.8	-1.65
Return on Common Equity	7.27	13.01	12.09	13.8	-1.66
Margin Analysis
Gross Profit Margin %	26.17	29.31	28.62	28.45	25.86
SG&A Margin	16.86	17.37	17.25	16.52	22.9
EBITDA Margin %	11.69	13.65	13.4	14.52	6.48
EBITA Margin %	10.65	12.7	12.41	13.58	5.15
EBIT Margin %	8.31	10.44	10.18	11.47	2.6
Income From Continuing Operations Margin %	4.48	5.56	4.95	6.4	-1.1
Net Income Margin %	4.48	5.59	4.94	6.39	-1.11
Net Avail. For Common Margin %	4.48	5.59	4.94	6.39	-1.11
Normalized Net Income Margin	3.44	5.64	4.83	5.74	-0.65
Levered Free Cash Flow Margin	13.52	5.76	4.22	-2.1	1.62
Unlevered Free Cash Flow Margin	15.35	6.69	5.79	-0.64	4.04
Asset Turnover
Asset Turnover	0.67	0.83	0.78	0.79	0.58
Fixed Assets Turnover	6.2	7.85	7.8	7.98	5.96
Receivables Turnover (Average Receivables)	2.75	3.56	3.26	2.98	2.16
Inventory Turnover (Average Inventory)	10.38	8.92	7.92	7.85	6.1
Short Term Liquidity
Current Ratio	1.4	1.36	1.39	1.7	1.69
Quick Ratio	1.14	1.04	1.07	1.34	1.34
Operating Cash Flow to Current Liabilities	0.28	0.26	0.12	0.02	0.02
Days Sales Outstanding (Average Receivables)	132.8	102.42	112.05	122.96	168.69
Days Outstanding Inventory (Average Inventory)	35.16	40.91	46.1	46.61	59.86
Average Days Payable Outstanding	91.31	83.66	94.01	88.67	102.66
Cash Conversion Cycle (Average Days)	76.65	59.67	64.14	80.9	125.89
Long Term Solvency
Total Debt/Equity	55.47	112.13	112.29	77.29	100.45
Total Debt / Total Capital	35.68	52.86	52.9	43.6	50.11
LT Debt/Equity	53.68	109.92	109.65	75.4	96.93
Long-Term Debt / Total Capital	34.52	51.82	51.65	42.53	48.36
Total Liabilities / Total Assets	58.44	67.89	68.1	58.82	63.02
EBIT / Interest Expense	2.85	6.97	4.06	4.92	0.67
EBITDA / Interest Expense	4.39	9.79	5.71	6.65	2.01
(EBITDA - Capex) / Interest Expense	3.87	8.71	4.84	5.88	1.68
Total Debt / EBITDA	2.76	3.45	3.44	2.77	8.67
Net Debt / EBITDA	1.74	3.03	3	2.41	7.52
Total Debt / (EBITDA - Capex)	3.13	3.88	4.05	3.13	10.38
Net Debt / (EBITDA - Capex)	1.97	3.4	3.54	2.72	8.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.02	52.63	18.08	17.67	-16.47
Gross Profit, 1 Yr. Growth %	2.36	70.91	15.2	16.97	-24.07
EBITDA, 1 Yr. Growth %	-0.28	78.24	15.65	27.53	-62.74
EBITA, 1 Yr. Growth %	-0.4	81.85	15.15	28.83	-68.34
EBIT, 1 Yr. Growth %	-3.94	91.72	14.75	32.6	-81.07
Earnings From Cont. Operations, 1 Yr. Growth %	21.06	89.37	5.2	52.06	-114.41
Net Income, 1 Yr. Growth %	21.16	90.51	4.37	52.03	-114.48
Normalized Net Income, 1 Yr. Growth %	-17.66	150.08	0.83	39.79	-109.51
Diluted EPS Before Extra, 1 Yr. Growth %	21.05	91.04	4.55	42.75	-114.72
Accounts Receivable, 1 Yr. Growth %	7.17	27.55	30.47	27.48	5.04
Inventory, 1 Yr. Growth %	97.23	50.62	23.57	15.19	8.21
Net Property, Plant and Equip., 1 Yr. Growth %	33.58	19.99	17.77	12.68	11.1
Total Assets, 1 Yr. Growth %	4.68	39.41	15.46	15.38	13.04
Tangible Book Value, 1 Yr. Growth %	-201.69	1.03K	-4.38	-61.09	96.64
Common Equity, 1 Yr. Growth %	3.11	9.64	14.8	49.15	1.49
Cash From Operations, 1 Yr. Growth %	810.01	16.74	-40.88	-83.74	24.02
Capital Expenditures, 1 Yr. Growth %	-52.68	63.86	59.22	-2.98	-40.37
Levered Free Cash Flow, 1 Yr. Growth %	-2.33K	-33.88	-13.64	-158.45	-164.5
Unlevered Free Cash Flow, 1 Yr. Growth %	2.06K	-32.41	1.91	-113.02	-627.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.81	23.56	34.25	17.88	-0.86
Gross Profit, 2 Yr. CAGR %	6.7	32.28	40.37	16.08	-5.75
EBITDA, 2 Yr. CAGR %	4.1	33.33	43.72	21.44	-31.07
EBITA, 2 Yr. CAGR %	3.53	34.59	44.86	21.8	-36.13
EBIT, 2 Yr. CAGR %	-0.26	35.73	48.52	23.35	-49.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.82	51.41	41.14	26.48	-53.19
Net Income, 2 Yr. CAGR %	-4.82	51.93	41.01	25.96	-53.08
Normalized Net Income, 2 Yr. CAGR %	-10.64	43.53	59.03	18.72	-63.53
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.08	52.07	41.42	22.16	-54.16
Accounts Receivable, 2 Yr. CAGR %	14.32	16.92	29	28.97	15.72
Inventory, 2 Yr. CAGR %	40.89	74.28	36.43	19.3	11.64
Net Property, Plant and Equip., 2 Yr. CAGR %	64.33	23.96	18.87	15.2	11.89
Total Assets, 2 Yr. CAGR %	14.03	20.96	26.87	15.42	14.2
Tangible Book Value, 2 Yr. CAGR %	30.61	291.87	229.11	-39	-12.53
Common Equity, 2 Yr. CAGR %	6.5	6.33	12.19	30.85	23.03
Cash From Operations, 2 Yr. CAGR %	20.46	225.94	-16.92	-69	-55.09
Capital Expenditures, 2 Yr. CAGR %	0.96	-11.95	61.52	24.29	-23.94
Levered Free Cash Flow, 2 Yr. CAGR %	66.23	280.43	-24.33	-28.95	-38.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	59.53	279.23	-16.9	-63.58	-17.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.65	20.3	21.7	28.48	5.09
Gross Profit, 3 Yr. CAGR %	9.11	24.85	26.35	32.09	0.77
EBITDA, 3 Yr. CAGR %	9.42	24.54	27.24	38.11	-18.09
EBITA, 3 Yr. CAGR %	9.12	24.93	27.86	39.31	-22.27
EBIT, 3 Yr. CAGR %	7.13	24.02	28.46	43.01	-33.96
Earnings From Cont. Operations, 3 Yr. CAGR %	10.73	19.71	34.1	44.69	-38.69
Net Income, 3 Yr. CAGR %	10.76	19.95	34.05	44.59	-38.76
Normalized Net Income, 3 Yr. CAGR %	2.61	25.95	27.72	52.34	-48.82
Diluted EPS Before Extra, 3 Yr. CAGR %	11.33	20.68	34.28	41.86	-39.66
Accounts Receivable, 3 Yr. CAGR %	14.33	18.57	21.27	28.49	20.44
Inventory, 3 Yr. CAGR %	32.13	45.13	55.41	28.94	15.49
Net Property, Plant and Equip., 3 Yr. CAGR %	45.8	45.91	21.86	16.77	13.82
Total Assets, 3 Yr. CAGR %	12.5	22.04	19.09	22.92	14.62
Tangible Book Value, 3 Yr. CAGR %	-35.44	195.34	144.88	61.53	-9.89
Common Equity, 3 Yr. CAGR %	5.68	7.54	9.08	23.36	20.23
Cash From Operations, 3 Yr. CAGR %	45.84	19.21	84.51	-51.76	-50.78
Capital Expenditures, 3 Yr. CAGR %	2.7	18.65	7.27	36.28	-2.71
Levered Free Cash Flow, 3 Yr. CAGR %	59	21.54	132.3	-30.57	-31.2
Unlevered Free Cash Flow, 3 Yr. CAGR %	50.67	19.2	144.93	-55.2	-11.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.58	16.64	18.25	19.33	12.12
Gross Profit, 5 Yr. CAGR %	7.67	20.61	20.68	21.29	12.37
EBITDA, 5 Yr. CAGR %	5.94	23.26	22.04	23.34	-0.43
EBITA, 5 Yr. CAGR %	5.68	24.08	22.22	23.72	-3.14
EBIT, 5 Yr. CAGR %	4.92	25.14	22.09	23.82	-11.86
Earnings From Cont. Operations, 5 Yr. CAGR %	10.11	28.22	22.02	22.37	-11.98
Net Income, 5 Yr. CAGR %	10.13	28.39	21.99	22.32	-11.92
Normalized Net Income, 5 Yr. CAGR %	3.34	32.25	22.28	23.08	-22.64
Diluted EPS Before Extra, 5 Yr. CAGR %	9.97	28.38	22.51	21.31	-12.64
Accounts Receivable, 5 Yr. CAGR %	6.9	18.72	19.98	22.63	19.02
Inventory, 5 Yr. CAGR %	23.92	34.07	34.43	34.19	36.15
Net Property, Plant and Equip., 5 Yr. CAGR %	29.99	34.38	33.24	32.75	17.77
Total Assets, 5 Yr. CAGR %	9.94	17.43	18.1	19.34	17.11
Tangible Book Value, 5 Yr. CAGR %	-0.51	41.85	31.19	57.15	62.23
Common Equity, 5 Yr. CAGR %	6.6	7.44	8.24	16.32	14.46
Cash From Operations, 5 Yr. CAGR %	38.94	11.07	16.45	-30.44	4.84
Capital Expenditures, 5 Yr. CAGR %	16.43	28.93	23.1	20.87	-6.51
Levered Free Cash Flow, 5 Yr. CAGR %	44.17	1.57	17.73	-1.89	36.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	35.63	1.96	18.39	-25.78	58.76