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Financial statements

ATS Corp /ATS financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data ATS Corp /ATS files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2024FY2024FY2025
Revenue2,5773,0332,533
Cost of revenue1,8522,1771,887
Gross profit726856647
Research and development10.210.6
Selling, general and administrative445504604
Operating income2223159.26
Interest expense62.768.792.2
Pre-tax income160247-82.9
Income tax32.152.5-55
Net income to minority interests0.270.450.07
Net income127194-28
EPS, basic1.391.98-0.29
EPS, diluted1.381.97-0.29

Balance sheet

FY2024FY2024FY2025
Cash and equivalents160170226
Receivables400471719
Inventory257296320
Total current assets1,4521,7541,905
Property, plant and equipment263297325
Lease right-of-use assets94.2106122
Goodwill1,1181,2291,395
Intangible assets593680759
Total assets3,5444,0894,622
Accounts payable648604665
Short-term debt5.824.0627.3
Total current liabilities1,0441,0291,125
Lease liabilities73.383.896.7
Total liabilities2,4132,4052,913
Total debt1,1561,1721,544
Retained earnings531724660
Shareholders' equity1,1271,6811,706
Minority interests3.743.283.58
Total equity1,1311,6841,709
Total liabilities and equity3,5444,0894,622

Cash flow statement

FY2024FY2024FY2025
Net income128194-28
Cash from operations12820.825.8
Capital expenditures-56.1-58.8-34
Cash from investing-109-342-268
Stock issued0362
Share buybacks-21.1-0.01-45
Cash from financing4.88331290
Exchange rate effect0.930.598.16
Net change in cash24.610.355.8
Free cash flow71.7-38.1-8.18

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin25.5%Gross profit / revenue.
Operating margin0.4%Operating income / revenue.
Pre-tax margin-3.3%Pre-tax income / revenue.
Net margin-1.1%Net income / revenue.
FCF margin-0.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin1.0%Cash from operations / revenue.
Return on equity (ROE)-1.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-0.6%Net income / average total assets.
Return on invested capital (ROIC)0.3%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue0.4%Research and development expense / revenue.
SG&A / revenue23.9%Selling, general and administrative expense / revenue.
Capex / revenue1.3%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-16.5%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y-24.4%Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y-97.1%Operating income vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-114.5%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-114.7%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y24.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y1.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y13.0%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.69xCurrent assets / current liabilities.
Quick ratio0.84x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.20x(Cash + short-term investments) / current liabilities.
Debt / equity0.90xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets33.4%Total debt / total assets.
Liabilities / assets63.0%Total liabilities / total assets.
Net debtCA$1.32BTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage0.10xOperating income / interest expense.
Working capitalCA$779.9MCurrent assets - current liabilities.
Goodwill and intangibles / assets46.6%(Goodwill + intangible assets) / total assets.
Tangible book value-CA$447.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.58xRevenue / average total assets.
Fixed asset turnover8.15xRevenue / average property, plant and equipment.
Inventory turnover6.12xCost of revenue / average inventory.
Days inventory60 days365 x average inventory / cost of revenue.
Receivables turnover4.25xRevenue / average receivables.
Days sales outstanding86 days365 x average receivables / revenue.
Days payables123 days365 x average accounts payable / cost of revenue.
Cash conversion cycle23 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow131.7%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.29Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-CA$0.29Net income per basic share, as reported (split-adjusted).
What was ATS Corp /ATS's revenue in fiscal 2025?

ATS Corp /ATS reported revenue of CA$2.53B for fiscal 2025, 16.5% lower than the year before.

Was ATS Corp /ATS profitable in fiscal 2025?

No. It reported a net loss of CA$28.0M.

How much free cash flow did ATS Corp /ATS generate in fiscal 2025?

Cash from operations of CA$25.8M minus capital expenditures of CA$34.0M left free cash flow of -CA$8.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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