Company Analysis

ATS Corporation (ATS)

NYSE: ATS · General Industrial Machinery & Equipment, NEC · Cambridge, ON · filing with the SEC since 2007
Grade4.7
◀ Past 5.8● Present 4.8▶ Future 3.3
2 est.

The grade of ATS Corporation

Nine metrics read from its own filings, by tense
Headline grade
4.7/10
◀ Past5.830% of the headline
● Present4.840% of the headline
▶ Future3.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 80th percentile among 15 sector filers · read for itself

From the record

ATS Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.3/10

What has it actually done, year after year?

-0.9% a year over 3 filed years; profitable in 2 of 3.

weight 45% of this tense · 33rd percentile among 14 sector filers · read for its customers

From the record

ATS Corporation's 3 filed years say what it did: revenue went from CAD 2.6 billion in fiscal 2023 to CAD 2.5 billion in fiscal 2025, down 0.9% a year; it rose in 1 of 2 years; the deepest fall was 16% from fiscal 2024 to fiscal 2025; net income was positive in 2 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-0.9%bottom 18% of its family
  • the share of years revenue rosebottom 21% of its family
  • the share of filed years with a profittop 46% of its family
  • the deepest fall from a revenue peak16.5%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.5/10

How has it treated the people who own it?

Share count grew 3.1% a year. 38% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 75th percentile among 9 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-03-31, ATS Corporation's diluted share count grew about 3.1% a year, and dividends and buybacks returned about 38% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 25% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.2/10

Is it financially healthy right now?

ROE -2%: lost 2¢ per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 45% of this tense · 52nd percentile among 15 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-03-31, ATS Corporation lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count shrank 0.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 17% of its family
  • return on equitytop 43% of its family
  • gross profit against assetsbottom 46% of its family
  • the share count against the year beforetop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.3/10

How strong is its position in its industry?

bottom 43% of 15 in its family; net margin -1.1%.

weight 33% of this tense · 43rd percentile among 15 sector filers · read for its customers

From the record

ATS Corporation's standing among 15 graded names in its industry family: revenue of CAD 2.5 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of -1.1% ranks in the top 50%; revenue growth of -0.9% a year over the last 2 filed years ranks in the bottom 37% (its annual reports).

What it rests on

  • net margin-1.1%top 50% of its family
  • three-year revenue growth-0.9%bottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ATS Corporation's leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
3.1/10

How much room does it have to grow?

bottom 31% of 15 in its family for room to expand.

weight 45% of this tense · 31st percentile among 15 sector filers · read for itself

From the record

ATS Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of CAD 226 million against debt of CAD 1.5 billion leaves -28.5% of its assets as net cash, bottom 23% of its family; cash from operations less capital spending is -0.3% of revenue (top 50%); a gross margin of 25.5% (bottom 39%); research spending of 0.4% of revenue (bottom 11%) (its annual report).

What it rests on

  • cash less debt against assets-28.5%bottom 23% of its family
  • cash from operations less capital spending against revenue-0.3%top 50% of its family
  • gross margin25.5%bottom 39% of its family
  • research spending against revenue0.4%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.9/10

What could actually drive growth from here?

bottom 29% of 14 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 14 sector filers · read for its customers

From the record

ATS Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew -0.9% a year over the last three filed years against -0.9% over all 3, speeding up (top 25% of its family); the newest year grew -16.5% (bottom 4%); research spending grew 4.4% a year (bottom 27%); capital spending grew -22.2% a year (bottom 12%) (its annual reports). ATS Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 25% of its family
  • the newest year's revenue growth-16.5%bottom 4% of its family
  • three-year growth of research spending4.4%bottom 27% of its family
  • three-year growth of capital spending-22.2%bottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
4.4/10

Did its newest year beat what its own record pointed to?

SI estimate 4.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 12 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 12 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ATS Corporation's expectations vs reality is put at 4.4 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 12 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ATS · research, not advice