ATS
IndustrialsATS Corporation · Industrial - Machinery · $3B
What is ATS Corporation?
ATS Corporation is a global provider of industrial automation solutions, serving manufacturers across a range of end markets. Headquartered in Cambridge, Canada, the company designs, builds, and services complex automated manufacturing and assembly systems.
ATS generates revenue by planning, designing, and commissioning automated manufacturing systems for industrial clients worldwide. The company also offers pre-automation consulting — including concept development and simulation — alongside post-automation services such as maintenance, retrofits, and spare parts. A software and digital solutions arm captures real-time machine performance data to reduce downtime and optimize factory floor operations. Contract manufacturing and supply chain integration round out the business model.
ATS Corporation was established in 2009 and is headquartered in Cambridge, Canada.
- Custom automated manufacturing and assembly systems
- Pre-automation consulting and total cost of ownership modelling
- Post-automation maintenance, retrofits, and emergency support
- Connected factory floor software and digital solutions
- Contract manufacturing and supply chain integration services
Is ATS a Good Stock to Buy?
UQS Score rates ATS Corporation as Below Average overall.
Among the five pillars, Growth and Valuation both register as Neutral, suggesting the company is not dramatically mispriced relative to its current trajectory and retains some forward momentum in its end markets.
Quality, Moat, and Risk all carry Weak ratings — pointing to challenges around business durability, competitive differentiation, and financial resilience that investors should weigh carefully.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ATS pay dividends?
No — ATS Corporation does not currently pay a dividend.
ATS Corporation does not currently pay a dividend. For a capital-intensive automation business at this stage, retaining cash to fund system design, engineering talent, and potential acquisitions is a common strategic choice. Income-focused investors should note the absence of a yield, while growth-oriented investors may view reinvestment as a path to longer-term value creation.
When does ATS report earnings?
ATS Corporation reports earnings on a quarterly cadence, consistent with standard practice for TSX- and NYSE-listed industrial companies.
The company's recent results reflect the mixed picture captured in its UQS pillar profile — Neutral Growth alongside Weak Quality and Risk ratings suggest revenue trends have been modest while profitability and balance sheet metrics face pressure. Investors should review management commentary on order backlogs and margin trends.
For the most recent quarter's results and guidance, visit ATS Corporation's official investor relations page.
ATS Price History
+33.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in ATS Corporation?
Based on ATS Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ATS Long-term Outlook
The Neutral Growth pillar suggests ATS is not in a period of rapid expansion, but is also not in outright decline. Structural demand for factory automation across life sciences, food and beverage, and electric vehicle manufacturing provides a long-term tailwind. However, the Weak Risk pillar indicates that converting that demand into consistent, high-quality earnings remains a challenge. Valuation is Neutral, meaning the market appears to be pricing in a cautious but not pessimistic scenario.
Growth drivers
- Secular demand for industrial automation across multiple end markets
- Expansion of digital and software solutions layered onto hardware contracts
- Potential for bolt-on acquisitions to broaden geographic or sector reach
Key risks
- Weak Risk pillar signals vulnerability to project delays, cost overruns, or customer concentration
- Low competitive moat may limit pricing power against larger automation rivals
- Macro slowdowns in capital expenditure can rapidly reduce order intake for custom systems
ATS vs Peers
ATS Corporation competes in the broader industrial automation and engineered solutions space alongside several mid-cap peers.
Standex operates across a wider set of engineered product segments, giving it more diversified revenue streams compared to ATS's automation-focused model.
Crane NXT concentrates on technology-driven authentication and payment solutions, targeting a narrower but higher-margin niche than ATS's broad automation services.
Kadant specializes in industrial process equipment for paper and fiber industries, competing with ATS for capital budgets in manufacturing but in largely distinct end markets.
Frequently Asked Questions
What does ATS Corporation do?
ATS Corporation designs, builds, and services automated manufacturing and assembly systems for industrial clients worldwide. The company also provides pre-automation consulting, post-automation support, contract manufacturing, and connected factory floor software — covering the full lifecycle of an automation project.
Does ATS pay dividends?
ATS Corporation does not currently pay a dividend. The company retains capital to fund engineering operations, system development, and potential acquisitions. Investors seeking regular income should factor this into their assessment.
When does ATS report earnings?
ATS Corporation follows a quarterly earnings cadence. Specific dates are not covered by our data source — check the company's investor relations page for the current reporting schedule and most recent results.
Is ATS a good stock to buy?
UQS Score rates ATS as Below Average, driven by Weak readings across Quality, Moat, and Risk pillars. Growth and Valuation are Neutral, which tempers the picture somewhat. Whether the stock suits your portfolio depends on your risk tolerance and investment horizon — the full pillar breakdown is available to Pro members.
Is ATS overvalued?
The UQS Valuation pillar for ATS is rated Neutral, suggesting the market is not pricing in an extreme premium or discount relative to the company's fundamentals. View the complete valuation metrics by signing up for a UQS Pro account.
How does ATS compare to its competitors?
Among mid-cap industrials peers such as Standex International, Crane NXT, and Kadant, ATS is more narrowly focused on end-to-end automation services. Its Weak Moat rating suggests it has less durable competitive differentiation than some peers, which can affect long-term pricing power.
What is ATS's market cap bracket?
ATS Corporation is classified as a mid-cap company. This places it in a segment of the market that can offer growth potential beyond large-caps while carrying more operational and liquidity risk than mega-cap industrials.
Who founded ATS Corporation?
ATS Corporation's founding history and leadership background are publicly available through the company's official website and investor relations materials. The company has been operating in its current form since 2009, headquartered in Cambridge, Canada.
Is ATS a long-term quality investment?
As a long-term quality indicator, ATS scores Below Average on the UQS composite. The Weak Quality and Moat pillars suggest the business has not yet demonstrated the durable earnings power and competitive advantages typically associated with high-quality long-term holdings. The full analysis is available to Pro members.
What is the main competitive advantage of ATS Corporation?
ATS's breadth of automation services — spanning design, build, commissioning, and ongoing support — creates switching costs once systems are embedded in a client's production line. However, the UQS Moat pillar rates this advantage as Weak, indicating it may not be sufficiently durable or wide relative to sector peers.
What sector does ATS belong to?
ATS Corporation operates in the Industrials sector, specifically within factory automation and engineered manufacturing systems. You can explore other [top Industrials stocks](/sector/industrials) ranked by UQS Score on our sector page.
Is ATS a growth stock or value stock?
With a Neutral Growth pillar and a Neutral Valuation pillar, ATS does not fit neatly into either category. It is neither a high-growth compounder nor a deep-value opportunity based on current UQS ratings — it sits in a middle ground that warrants closer scrutiny of underlying fundamentals.
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Pro Analysis
ATS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 33.9 | 25.0 | 20.0 | 54.3 | 26.0 | 52.3 | -0.1 |
| May 22, 2026 | 34.0 | 25.0 | 20.0 | 54.3 | 26.0 | 53.0 | 0.0 |
| May 21, 2026 | 34.0 | 25.0 | 20.0 | 54.3 | 26.0 | 53.3 | -0.1 |
| May 20, 2026 | 34.1 | 25.0 | 20.0 | 54.3 | 26.0 | 53.8 | 0.0 |
| May 19, 2026 | 34.1 | 25.0 | 20.0 | 54.3 | 26.0 | 53.5 | +0.1 |
| May 17, 2026 | 34.0 | 25.0 | 20.0 | 54.3 | 26.0 | 53.1 | +0.1 |
| May 16, 2026 | 33.9 | 24.6 | 20.0 | 54.3 | 26.0 | 53.2 | +0.1 |
| May 15, 2026 | 33.8 | 24.6 | 20.0 | 54.3 | 26.0 | 52.7 | 0.0 |
| May 14, 2026 | 33.8 | 24.6 | 20.0 | 54.3 | 26.0 | 52.3 | +0.3 |
| May 13, 2026 | 33.5 | 23.8 | 20.0 | 54.3 | 26.0 | 51.7 | +0.1 |
ATS — Pillar Breakdown
Quality
— 25.0/100 (25%)ATS Corporation currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 54.3/100 (20%)ATS Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 26.0/100 (15%)ATS Corporation presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 53.1/100 (15%)ATS Corporation has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)ATS Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ATS.
Score Composition
Financial Data
More Stock Analysis
How is the ATS UQS Score Calculated?
The UQS (Unified Quality Score) for ATS Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses ATS Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether ATS Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.