ATS Corporation

ATS.TOTSXIndustrials● Active

$37.75

+$0.24(+0.64%)

Market Cap$3.7B

P/E Ratio—

52W High$49.48

52W Low$33.72

Avg Volume257K

Open$37.68

Beta1.27

Free Cash Flow Financials Revenue

ATS Corporation (ATS.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ATS.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

ATS.TO · FCF · TTM · margin & CAGR

Free cash flow was $371.6M for FY2026 (fiscal year ending 2026-03-31), up 811.1% year-over-year The FCF margin was 12.5%. Five-year CAGR stands at +19.3%.

FY2026 Free Cash Flow$371.6M▲ +811.1% YoY

Trailing 12M (TTM)$392.3Mtrailing 4 quarters sum

FCF Margin12.5%$371.6M ÷ revenue

3-Year CAGR+98.5%FY2023 → FY2026

5-Year CAGR+19.3%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ATS.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$448.4M(77M)$371.6M▲ +811.1%12.5%

FY2025$25.8M(78M)−$52.3M▲ +22.8%-2.1%

FY2024$20.8M(88M)−$67.7M▼ 242.5%-2.2%

FY2023$127.8M(80M)$47.5M▼ 70.8%1.8%

FY2022$216.2M(53M)$162.9M▲ +6.1%7.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ATS.TO · P/FCF · FCF yield · FCF per share

ATS Corporation (ATS.TO) trades at a FCF yield of 10.78% and a price-to-free-cash-flow ratio of 9.4x. FCF per share stands at $4.00, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

10.78%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.00

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x12.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

ATS.TO · cash flow statement · operating / investing / financing

For FY2026, ATS Corporation generated $448.4M in operating cash flow and spent 77M in capital expenditures, yielding $371.6M in free cash flow.

Operating Activities

+$448.4M

Cash from core business operations

2026-03-31

Investing Activities

−$76.0M

CapEx, acquisitions & investments

2026-03-31

Financing Activities

−$313.1M

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($448.4M) − |CapEx| (77M) = FCF ($371.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ATS.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ATS CorporationYOU

ATS.TO

$371.6M+811.1%12.5%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ATS Corporation (ATS.TO) reported free cash flow of $371.6M for FY2026 (fiscal year ending 2026-03-31), up 811.1% year-over-year. The FCF margin was 12.5%.

Based on available data, ATS Corporation has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $371.6M in FY2026. The 5-year CAGR stands at +19.3%.

ATS Corporation's FCF yield is 10.78% and price-to-FCF ratio is 9.4x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ATS.TO free cash flow · 8 questions

ATS Corporation free cash flow was $371.6M for FY2026, up 811.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $392.3M.

ATS.TO free cash flowATS.TO FCFATS.TO FCF 2026ATS.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ATS Corporation · ATS Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026