Estados financieros detallados de ATS Corporation (ATS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
ATS Corporation registró ingresos de $2.97B en el último ejercicio fiscal, con un CAGR de 5 años del 15.8%. El beneficio neto alcanzó $71.6M, con un CAGR a 5 años del 2.3%.
Márgenes de los últimos 12 meses: margen bruto 28.0%, margen operativo 6.5%, margen neto 1.6%. El flujo de caja libre creció a un CAGR del 17.9% en 5 años.
Al precio actual de $19.18, ATS cotiza a un P/E de 53.22 y un ROE del 2.66%. La capitalización bursátil es de $1.9B.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $1.01B | $1.11B | $1.25B | $1.43B | $1.43B | $2.18B | $2.58B | $3.03B | $2.53B | $2.97B |
| Coste de Ventas | $760.2M | $826.8M | $924.9M | $1.07B | $1.05B | $1.57B | $1.85B | $2.18B | $1.89B | $2.12B |
| Beneficio Bruto | $250.7M | $288.2M | $328.7M | $362.1M | $384.3M | $612.4M | $725.8M | $855.5M | $646.6M | $850.9M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $178.7M | $202.7M | $213.9M | $239.9M | $250.3M | $340.6M | $393.8M | $431.6M | $525.9M | $543.8M |
| Gastos Operativos | $178.7M | $202.7M | $213.9M | $266.5M | $264.6M | $425.8M | $503.3M | $540.1M | $637.4M | $629.0M |
| Beneficio Operativo | $71.9M | $85.5M | $114.8M | $95.6M | $119.6M | $186.6M | $222.5M | $315.4M | $9.3M | $221.9M |
| EBITDA | $107.2M | $124.1M | $162.3M | $169.1M | $192.1M | $302.5M | $349.9M | $458.5M | $168.0M | $363.6M |
| Gastos por Intereses | $26.2M | $25.7M | $26.0M | $30.1M | $41.8M | $32.7M | $64.7M | $70.7M | $98.2M | $100.5M |
| Beneficio Antes de Impuestos | $46.4M | $61.7M | $93.9M | $67.5M | $79.5M | $154.4M | $159.8M | $246.7M | -$82.9M | $99.2M |
| Impuestos | $11.4M | $14.5M | $23.1M | $14.6M | $15.4M | $33.0M | $32.1M | $52.5M | -$55.0M | $27.5M |
| Beneficio Neto | $35.0M | $47.2M | $70.7M | $52.9M | $64.1M | $122.1M | $127.4M | $193.7M | -$28.0M | $71.6M |
| BPA | $0.38 | $0.50 | $0.76 | $0.57 | $0.70 | $1.32 | $1.39 | $1.98 | $-0.29 | $0.73 |
| BPA Diluido | $0.38 | $0.50 | $0.75 | $0.57 | $0.69 | $1.32 | $1.38 | $1.97 | $-0.29 | $0.73 |
| Acciones en Circulación (Diluidas) | $92.8M | $94.0M | $94.1M | $92.5M | $92.4M | $92.6M | $92.2M | $98.6M | $98.0M | $98.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $728.5M | $760.0M | $747.1M | $693.7M |
| Beneficio Bruto | $218.9M | $223.8M | $188.3M | $190.0M |
| Beneficio Operativo | $75.2M | $63.1M | $23.2M | $29.9M |
| EBITDA | $104.8M | $102.2M | $55.3M | $64.9M |
| Beneficio Neto | $33.7M | $29.9M | -$16.1M | -$309000 |
| BPA | $0.34 | $0.31 | $-0.16 | $-0.00 |
| BPA Diluido | $0.34 | $0.30 | $-0.16 | $-0.00 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $286.7M | $330.1M | $224.5M | $252.0M | $149.2M | $135.3M | $159.9M | $170.2M | $225.9M | $285.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $310.8M | $377.9M | $435.7M | $369.8M | $451.1M | $744.8M | $955.7M | $1.21B | $1.28B | $994.4M |
| Inventario | $48.0M | $58.5M | $68.0M | $55.5M | $123.2M | $207.9M | $256.9M | $295.9M | $320.2M | $295.2M |
| Activos Corrientes | $661.6M | $789.1M | $757.0M | $691.8M | $740.1M | $1.15B | $1.45B | $1.75B | $1.91B | $1.71B |
| Inmovilizado Material | $69.2M | $85.1M | $97.7M | $138.7M | $201.2M | $303.4M | $357.3M | $402.6M | $447.3M | $406.8M |
| Fondo de Comercio | $423.2M | $459.2M | $551.6M | $427.3M | $530.7M | $1.02B | $1.12B | $1.23B | $1.39B | $1.40B |
| Activos Intangibles | $156.1M | $148.9M | $213.9M | $154.7M | $224.5M | $568.2M | $593.2M | $679.5M | $758.5M | $704.2M |
| Activos Totales | $1.37B | $1.54B | $1.69B | $1.47B | $1.75B | $3.07B | $3.54B | $4.09B | $4.62B | $4.34B |
| Cuentas por Pagar | $183.8M | $240.1M | $254.2M | $178.7M | $252.2M | $501.5M | $647.6M | $519.9M | $665.1M | $622.4M |
| Deuda a Corto | $2.7M | $3.1M | $20.5M | $14.3M | $13.0M | $1.8M | $5.9M | $4.2M | $27.5M | $6.9M |
| Pasivos Corrientes | $297.2M | $366.4M | $457.5M | $325.1M | $528.0M | $845.0M | $1.04B | $1.03B | $1.13B | $1.04B |
| Deuda a Largo | $325.9M | $315.1M | $328.2M | $420.1M | $342.6M | $1.02B | $1.16B | $1.17B | $1.54B | $1.27B |
| Pasivos Totales | $688.6M | $783.4M | $899.2M | $863.4M | $1.03B | $2.08B | $2.41B | $2.40B | $2.91B | $2.56B |
| Reservas | $74.6M | $121.4M | $191.4M | $170.1M | $237.0M | $416.8M | $530.7M | $724.5M | $660.4M | $722.6M |
| Patrimonio Neto | $685.8M | $758.5M | $789.3M | $610.0M | $712.3M | $981.6M | $1.13B | $1.68B | $1.71B | $1.78B |
| Deuda Total | $328.7M | $318.2M | $348.7M | $467.6M | $405.7M | $1.10B | $1.26B | $1.29B | $1.70B | $1.44B |
| Deuda Neta | $42.0M | -$12.0M | $124.2M | $215.6M | $256.5M | $966.0M | $1.10B | $1.12B | $1.47B | $1.15B |
| Capital Circulante | $364.4M | $422.7M | $299.5M | $366.7M | $212.1M | $301.5M | $408.4M | $724.5M | $779.9M | $668.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $263.2M | $262.9M | $285.0M | $198.9M |
| Activos Totales | $4.67B | $4.48B | $4.34B | $4.28B |
| Pasivos Totales | $2.91B | $2.70B | $2.56B | $2.48B |
| Patrimonio Neto | $1.75B | $1.78B | $1.78B | $1.80B |
| Deuda Total | $1.74B | $1.59B | $1.44B | $1.39B |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $35.0M | $47.2M | $70.8M | $53.0M | $121.4M | $121.4M | $127.7M | $193.7M | -$28.0M | $71.7M |
| Amortizaciones | $34.6M | $36.7M | $42.4M | $71.4M | $115.4M | $115.4M | $125.5M | $141.2M | $152.7M | $163.9M |
| Compensación en Acciones | $6.8M | $8.3M | $9.8M | $6.2M | $1.4M | $1.4M | $5.1M | $11.3M | $10.6M | $5.1M |
| Cambio en Capital Circulante | $56.5M | -$27.0M | $2.5M | -$112.6M | -$14.3M | -$14.3M | -$109.4M | -$275.6M | -$8.0M | $246.6M |
| Flujo de Caja Operativo | $127.9M | $59.7M | $127.6M | $20.3M | $216.2M | $216.2M | $127.8M | $20.8M | $25.8M | $448.4M |
| Inversiones (CapEx) | -$17.9M | -$26.0M | -$40.9M | -$56.6M | -$53.3M | -$53.3M | -$80.3M | -$88.5M | -$78.0M | -$76.8M |
| Adquisiciones | $84000 | $2.6M | -$156.4M | -$53.4M | -$745.0M | -$745.0M | -$51.7M | -$253.5M | -$179.4M | 0 |
| Recompra de Acciones | 0 | 0 | -$39.3M | -$4.8M | 0 | 0 | -$33.4M | -$23.8M | -$59.7M | -$19.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $110.0M | $33.7M | $86.7M | -$36.2M | $162.9M | $162.9M | $47.5M | -$67.7M | -$52.3M | $371.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $28.5M | $114.5M | $149.5M | $155.8M |
| Inversiones (CapEx) | -$8.1M | -$6.1M | -$25.5M | -$16.3M |
| Flujo de Caja Libre | $20.4M | $108.5M | $124.0M | $139.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | -$6.7M | 0 | $1.5M | $4.3M |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +10.3% | +12.4% | +14.0% | +0.0% | +52.6% | +18.1% | +17.7% | -16.5% | +17.4% |
| Crecimiento Beneficio Neto (anual) | | +34.8% | +50.0% | -25.2% | +21.2% | +90.5% | +4.4% | +52.0% | -114.5% | +355.4% |
| Crecimiento BPA (anual) | | +31.6% | +52.0% | -25.0% | +22.8% | +88.6% | +5.3% | +42.4% | -114.6% | +351.7% |
| Cambio en Acciones (anual) | | +1.3% | +0.0% | -1.7% | -0.1% | +0.3% | -0.4% | +6.9% | -0.6% | +0.2% |
| Crecimiento FCF (anual) | | -69.4% | +157.1% | -141.8% | +549.7% | +0.0% | -70.8% | -242.5% | +22.8% | +811.1% |
| Margen Bruto | 24.8% | 25.8% | 26.2% | 25.3% | 26.9% | 28.1% | 28.2% | 28.2% | 25.5% | 28.6% |
| Margen Operativo | 7.1% | 7.7% | 9.2% | 6.7% | 8.4% | 8.5% | 8.6% | 10.4% | 0.4% | 7.5% |
| Margen EBITDA | 10.6% | 11.1% | 12.9% | 11.8% | 13.4% | 13.9% | 13.6% | 15.1% | 6.6% | 12.2% |
| Margen Neto | 3.5% | 4.2% | 5.6% | 3.7% | 4.5% | 5.6% | 4.9% | 6.4% | -1.1% | 2.4% |
| Margen FCF | 10.9% | 3.0% | 6.9% | -2.5% | 11.4% | 7.5% | 1.8% | -2.2% | -2.1% | 12.5% |
| Tasa Impositiva Efectiva | 24.5% | 23.5% | 24.6% | 21.6% | 19.3% | 21.4% | 20.1% | 21.3% | 66.3% | 27.7% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $1.19 | $0.36 | $0.92 | $-0.39 | $1.76 | $1.76 | $0.51 | $-0.69 | $-0.53 | $3.79 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $92.6M | $93.7M | $93.5M | $92.1M | $92.2M | $92.2M | $91.8M | $97.8M | $98.0M | $97.9M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | 2.66% |
| Rentabilidad sobre capital invertido | 3.86% |
| Rentabilidad sobre activos | 1.10% |
| Margen bruto | 28.02% |
| Margen operativo | 6.54% |
| Margen neto | 1.61% |
Salud financiera
| Deuda / Patrimonio | 0.77 |
| Ratio corriente | 1.63 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 35.57 | 34.97 | 26.34 | 25.48 | 37.99 | 34.05 | 40.49 | 22.97 | -123.67 | 53.75 |
| P/VC | 1.82 | 2.16 | 2.37 | 2.19 | 3.44 | 4.22 | 4.59 | 2.65 | 2.06 | 2.16 |
| P/V | 1.24 | 1.47 | 1.49 | 0.94 | 1.71 | 1.90 | 2.01 | 1.47 | 1.39 | 1.29 |
| Margen Bruto | 24.8% | 25.8% | 26.2% | 25.3% | 26.9% | 28.1% | 28.2% | 28.2% | 25.5% | 28.6% |
| Margen Operativo | 7.1% | 7.7% | 9.2% | 6.7% | 8.4% | 8.5% | 8.6% | 10.4% | 0.4% | 7.5% |
| Margen Neto | 3.5% | 4.2% | 5.6% | 3.7% | 4.5% | 5.6% | 4.9% | 6.4% | -1.1% | 2.4% |