ATS
ATS Corporation
ATS's fundamentals are strong: its operating margin went from −0% to 6.5% and revenue grew 14%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
ATS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Under pressure |
ATS's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
ATS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $8.68 | -49% |
| Fair | 36x | $12.33 | -28% |
| Current | 51x | $17.18 | — |
| Expensive | 54x | $18.33 | +6.7% |
Historical ranges are pointers, not guarantees.
ATS's PE is 51x, but its earnings don't support one, so it isn't a reliable read right now.
ATS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect ATS's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
ATS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.34 | +$0.62 |
| Q1 2026 | $0.51 | +$0.72 |
| Q4 2025 | $0.13 | -80% |
| Q3 2025 | -$0.04 | -104% |
| Q2 2025 | -$0.28 | -122% |
| Q1 2025 | -$0.21 | -115% |
| Q4 2024 | $0.64 | -50% |
| Q3 2024 | $0.92 | -21% |
ATS has returned to profit: it earned $0.34 per share over the past year, after losing money the year before.
ATS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $487.7M | -5.8% |
| Q1 2026 | $525.2M | +30% |
| Q4 2025 | $534.3M | +17% |
| Q3 2025 | $512.1M | +19% |
| Q2 2025 | $517.9M | +6.1% |
| Q1 2025 | $403.7M | -27% |
| Q4 2024 | $458.4M | -13% |
| Q3 2024 | $430.8M | -17% |
ATS's revenue is growing: $488M last quarter, down 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4.3% | -3.5 points |
| Q1 2026 | 3.1% | +23 points |
| Q4 2025 | 8.3% | +3.2 points |
| Q3 2025 | 10% | +6.7 points |
| Q2 2025 | 7.8% | -1.9 points |
| Q1 2025 | -20% | -29 points |
| Q4 2024 | 5.1% | -5.4 points |
| Q3 2024 | 3.6% | -7.7 points |
ATS's operating margin was 4.3% last quarter, down 3.5 points from the same quarter a year ago.
ATS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $98M | 0% |
| Q1 2026 | $87.2M | +1088% |
| Q4 2025 | $76.2M | +116% |
| Q3 2025 | $14.3M | +$57.7M |
| Q2 2025 | $98M | +$134.1M |
| Q1 2025 | $7.3M | 0% |
| Q4 2024 | $35.3M | 0% |
| Q3 2024 | -$43.4M | $0 |
ATS generated $276M in free cash flow over the past year, up 183% from the year before.
ATS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +1.4M shares |
| 1 year | +0.1% | +144K shares |
| 3 years | +3.5% | +3.4M shares |
| 5 years | +6.5% | +6M shares |
| Available history | +6.5% | +6M shares |
ATS has 98M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $7M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $6.8M |
| Q2 2025 | $7M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $10.3M |
ATS spent $14M buying back its own shares over the past year, down 21% from the year before.
ATS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 5.6x | High |
| Q3 2025 | 7.0x | High |
| Q2 2025 | 8.4x | High |
| Q1 2025 | 8.8x | High |
| Q4 2024 | 4.2x | High |
| Q3 2024 | 3.8x | Elevated |
ATS's net debt is about 3.5 years of its operating earnings (EBITDA), down from 8.4 years a year ago.
ATS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 5.5 | Oversold |
ATS's weekly RSI is 31 (neutral) and its Stochastic is 5 (oversold).
ATS PE vs Industrials Sector
| Metric | ATS | Sector median | Relative |
|---|---|---|---|
| PE | 51x | 24x | 113% above |
| PE % | 78 | 58 | 20 pts above |
ATS is trading at 51x earnings, a 113% premium to the Industrials sector's median of 24x, though its earnings don't support one.
ATS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.1 | 5% below |
| 20 week MA | $21.0 | 18% below |
| 50 week MA | $26.4 | 35% below |
| 100 week MA | $27.1 | 37% below |
| 200 week MA | $32.1 | 47% below |
ATS is in a downtrend: it's below all five of its weekly moving averages, and 47% below its 200-week average.
ATS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.6 | $17.8 | +7% |
| 2021 | $17.8 | $39.4 | +122% |
| 2022 | $39.4 | $32.8 | -17% |
| 2023 | $32.8 | $43.1 | +31% |
| 2024 | $43.1 | $30.0 | -30% |
| 2025 | $30.0 | $28.4 | -5.3% |
| 2026 YTD | $28.4 | $17.2 | -40% |
ATS has finished lower in three of the last six years. It's down 40% so far in 2026.