ATS
ATS Corporation
ATS has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over ATS overall, supported by stronger modeled upside.
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.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
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.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
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.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over ATS on the outlook, with more favorable earnings and revenue expectations.
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 the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
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 has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over ATS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 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 has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M 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 the edge over RDW on shareholder dilution, with a more favorable share count trend.
| 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.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (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.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
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.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% 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.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over ATS on returns for 2026, with the stronger performance.