ATS Corp key statistics and ratios

In fiscal 2026, ATS Corp had return on equity of 4.2%, an operating margin of 6.7%, debt equal to 72.1% of equity and a current ratio of 1.64. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

ATS Corp: financial ratios, annual
Fiscal year	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Gross margin	28.2%	28.2%	25.5%	28.6%
Operating margin	8.6%	10.4%	0.4%	6.7%
Net margin	4.9%	6.4%	−1.1%	2.4%
Free-cash-flow margin	2.8%	−1.3%	−0.3%	14.0%
Return on equity	11.6%	13.9%	−1.7%	4.2%
Return on assets	3.7%	5.1%	−0.6%	1.6%
Asset turnover	0.74	0.80	0.58	0.68
Current ratio	1.39	1.70	1.69	1.64
Debt to equity	103.1%	70.0%	92.1%	72.1%
Interest cover (operating income ÷ interest)	3.7x	4.8x	0.1x	2.1x
Effective tax rate	20.1%	21.3%	—	27.7%
R&D as % of revenue	—	0.3%	0.4%	0.6%
Capital spending as % of revenue	2.2%	1.9%	1.3%	1.1%
Free cash flow ÷ net income	56.3%	−19.6%	—	578.9%
Dividends and buybacks ÷ free cash flow	29.4%	—	—	2.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · March 31, 2026

What it owns · $3.1bn

Short-term assets $1.2bnLonger-term assets $1.9bn

What it owes, and who funded it · $3.1bn

Short-term liabilities $744mLonger-term liabilities $1.1bnShareholders' equity $1.3bn

Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $744m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.2bn short-term assets against $1.1bn of longer-dated liabilities.
More cash than debt $204m of cash against $918m of debt.
Debt below 40% of shareholders' equity Debt is 72% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $325m of operating cash flow against $918m of debt.
Operating profit covers interest at least five times over Operating income of $144m against $68m of interest.

From ATS Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: ATS vs FELE ATS vs RBC ATS vs GGG ATS vs KMT

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Figures from ATS Corp's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to ATS Corp.