ATS Corp /ATS
ATS · General Industrial Machinery & Equipment, NEC · EDGAR filings ↗
Grade
D50Industrial-automation builder in a loss year with a sharp revenue contraction and near-breakeven cash flow.
Strengths
- Ample liquidity: very long cash runway (100th pct) and above-median current/quick ratios
- Modest positive operating cash margin and manageable book leverage relative to peers
Risks
- Revenue -21% (8th pct) and net income -114% — a loss year with negative ROE/ROA and near-zero interest coverage (0.10x)
- Order/backlog cyclicality and thin gross margin (42nd pct); no filing text available to assess management commentary
Notable findings
- No interest coverageInterest coverage 0.10 (cannot cover interest)
- Net lossNet loss (net margin -1.1%)
- Cash burnNegative free cash flow (-5.7M)
- Strong balance sheetStrong balance sheet — $157M cash & investments, ~110 quarters of runway
- Revenue declineRevenue -21.1% YoY
Key metrics
Gross margin
25.5%
Operating margin
0.4%
Net margin
-1.1%
Return on equity
-1.6%
Return on assets
-0.6%
ROIC
0.2%
Revenue growth (QoQ)
-21.1%
Net-income growth
-113.6%
Debt / equity
0.9×
Interest coverage
0.1×
Current ratio
1.7×
Free cash flow
-$6M
Tangible book value
$219M
Cash & investments
$157M
Cash runway
110q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-05-28 | 2026-03-31 | 0001394832-26-000015 ↗ |
| 40-F | 2025-05-29 | 2025-03-31 | 0001628280-25-028246 ↗ |
| 40-F | 2024-05-16 | 2024-03-31 | 0001628280-24-023696 ↗ |