Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
ATS · NYSE · United States · General Industrial Machinery & Equipment, Nec
In shortATS Corp /ATS is loss-making, burns cash and carries moderate debt, with revenue shrinking (−16.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 0.4% | 18/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -1.1% | 16/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -1.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 0.2% | 1/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.69× | 74/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.92× | 60/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 145.29× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.10× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.20 | 28/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -0.3% | 19/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 1 of 3 | 17/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 3 | 67/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 2 | 17/100 |
| Revenue growth volatility | 24.1% | 22/100 |
| Operating margin volatility | 5.4% | 60/100 |
Weight in the score: 20%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 3 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 2,577 | 3,033 | 2,533 |
| Cost of revenue | 1,852 | 2,177 | 1,887 |
| Gross profit | 726 | 856 | 647 |
| Research & development | – | 10 | 11 |
| Selling, general & admin | 445 | 504 | 604 |
| Operating income | 222 | 315 | 9.3 |
| Interest expense | 63 | 69 | 92 |
| Pre-tax income | 160 | 247 | (83) |
| Income tax | 32 | 53 | (55) |
| Net income | 127 | 194 | (28) |
| Diluted EPS | C$1.38 | C$1.97 | −C$0.29 |
| Diluted shares (millions) | 92 | 99 | 98 |
2.20 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated May 29, 2025