Atmus Filtration Technologies Inc. ATMU
Atmus is one of the global leaders of filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining and power generation vehicles and equipment. Atmus designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide superior asset protection. Atmus estimates that approximately 14% of Atmus' net sales in 2025 were generated through first-fit sales to original equipment manufacturers ("OEM"s), where Atmus' products are installed as components for new vehicles and equipment, and approximately 86% were generated in the aftermarket, where Atmus' products are installed as replacement or repair parts, leading to a strong recurring revenue base. Building on Atmus' more than 65-year history, Atmus continues to grow and differentiate itself through its global footprint, comprehensive offering of premium products, technology leadership and multi-channel path to market.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.76B | $1.67B | $1.63B | $1.56B | $1.44B | — |
| Cost of revenue | $1.27B | $1.21B | $1.20B | $1.20B | $1.09B | — |
| Gross profit | $498.3M | $462.1M | $432.7M | $359.2M | $349.3M | — |
| R&D | $40.7M | $40.6M | $42.5M | $38.6M | $42.0M | — |
| SG&A | $184.3M | $187.6M | $174.7M | $139.7M | $126.2M | — |
| Operating income | $299.0M | $266.2M | $248.4M | $203.9M | $213.5M | — |
| Interest expense | $33.4M | $40.6M | $25.8M | $700.0K | $800.0K | — |
| Pre-tax income | $266.2M | $234.8M | $226.4M | $212.0M | $216.6M | — |
| Income tax | $58.8M | $49.2M | $55.1M | $41.6M | $46.5M | — |
| Net income | $207.4M | $185.6M | $171.3M | $170.4M | $170.1M | — |
| EPS, basic | 2.52 | 2.23 | 2.06 | 2.05 | 2.04 | — |
| EPS, diluted | 2.50 | 2.22 | 2.05 | 2.05 | 2.04 | — |
| Shares, diluted (wtd. avg.) | 82.8M | 83.6M | 83.4M | 83.3M | 83.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $236.4M | $184.3M | $168.0M | $0 | $0 | $0 |
| Receivables | $320.1M | $254.2M | $246.8M | $174.2M | — | — |
| Inventory | $282.3M | $266.6M | $250.0M | $245.0M | — | — |
| Total current assets | $892.4M | $755.0M | $693.0M | $500.3M | — | — |
| Goodwill | $84.7M | $84.7M | $84.7M | $84.7M | — | — |
| Total assets | $1.35B | $1.19B | $1.09B | $867.4M | — | — |
| Accounts payable | $201.9M | $193.1M | $236.6M | $145.9M | — | — |
| Short-term debt | $30.0M | $22.5M | $7.5M | $0 | — | — |
| Total current liabilities | $368.2M | $344.9M | $375.0M | $331.0M | — | — |
| Long-term debt | $540.0M | $570.0M | $592.5M | $0 | — | — |
| Total liabilities | $972.2M | $962.9M | $1.01B | $411.8M | — | — |
| Retained earnings | $454.6M | $264.5M | $87.2M | $0 | — | — |
| Total equity | $378.5M | $227.4M | $80.7M | $455.6M | $427.6M | $445.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $202.7M | $105.4M | $189.0M | $165.7M | $209.9M | — |
| Depreciation and amortisation | $30.0M | $24.8M | $21.5M | $21.6M | $21.6M | — |
| Stock-based compensation | $12.4M | $11.9M | $7.2M | $0 | — | — |
| Capital expenditure | $53.9M | $48.6M | $45.8M | $37.5M | $33.4M | — |
| Investing cash flow | -$53.9M | -$48.6M | -$45.8M | -$37.5M | -$33.4M | — |
| Financing cash flow | -$101.7M | -$35.8M | $24.8M | -$128.2M | -$176.5M | — |
| Buybacks | $60.7M | $20.0M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001921963-26-000015.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $1.44B | $1.56B | $1.63B | $1.67B | $1.76B |
| Gross profit | — | $349.3M | $359.2M | $432.7M | $462.1M | $498.3M |
| Net income | — | $170.1M | $170.4M | $171.3M | $185.6M | $207.4M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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