Atmus Filtration Technologies Inc.
ATMU NYSE Motor Vehicle Parts & Accessories Financials FY2021–FY2025
Revenue
Total sales reported in the income statement.
$1.8B
5.7%
vs prior year
Operating margin
Operating income as a share of revenue.
16.9%
1.0 pts
Net income
Profit after all expenses, interest and tax.
$207M
11.7%
Free cash flow
Cash from operations minus capital spending.
$149M
162.0%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
32.7%
0.4 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $2.61 EPS (TTM)
What Atmus Filtration Technologies Inc. does
No business description yet.
- Legal name
- Atmus Filtration Technologies Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 13, 2026
- Accession · CIK
- 0001921963-26-000015
0001921963
Revenue and margins
Atmus Filtration Technologies Inc. had $1.8B of revenue in fiscal 2025, up 5.7% on the year before.
FY21
Revenue $1.4B
FY22
Revenue $1.6B
FY23
Revenue $1.6B
FY24
Revenue $1.7B
FY25
Revenue $1.8B
Q3 '23
Revenue $396M
Q4 '23
Revenue $400M
Q1 '24
Revenue $427M
Q2 '24
Revenue $433M
Q3 '24
Revenue $404M
Q4 '24
Revenue $407M
Q1 '25
Revenue $417M
Q2 '25
Revenue $454M
Q3 '25
Revenue $448M
Q4 '25
Revenue $447M
Q1 '26
Revenue $478M
Q2 '26
Revenue $528M
FY21
Gross 24.3%
Operating 14.8%
Net 11.8%
FCF 12.3%
FY22
Gross 23.0%
Operating 13.1%
Net 10.9%
FCF 8.2%
FY23
Gross 26.6%
Operating 15.3%
Net 10.5%
FCF 8.8%
FY24
Gross 27.7%
Operating 15.9%
Net 11.1%
FCF 3.4%
FY25
Gross 28.2%
Operating 16.9%
Net 11.8%
FCF 8.4%
Gross
Operating
Net
FCF
Q3 '23
Gross 26.0%
Operating 14.8%
Net 9.5%
FCF 12.1%
Q4 '23
Gross 26.4%
Operating 14.1%
Net 8.7%
FCF 6.4%
Q1 '24
Gross 26.2%
Operating 16.1%
Net 10.7%
FCF −4.4%
Q2 '24
Gross 30.5%
Operating 18.4%
Net 13.0%
FCF 2.6%
Q3 '24
Gross 27.6%
Operating 15.7%
Net 10.8%
FCF 13.5%
Q4 '24
Gross 26.3%
Operating 13.4%
Net 9.9%
FCF 2.5%
Q1 '25
Gross 26.5%
Operating 15.6%
Net 10.7%
FCF 3.9%
Q2 '25
Gross 28.9%
Operating 18.0%
Net 13.2%
FCF 7.1%
Q3 '25
Gross 28.9%
Operating 18.3%
Net 12.2%
FCF 15.4%
Q4 '25
Gross 28.5%
Operating 15.8%
Net 10.7%
FCF 7.0%
Q1 '26
Gross 28.6%
Operating 16.0%
Net 10.1%
FCF 5.3%
Q2 '26
Gross 29.2%
Operating 18.4%
Net 12.1%
FCF 12.3%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2021 to 2025, diluted EPS grew 5.2% a year. Loss periods are shown in red.
FY21
Net income $170M
FY22
Net income $170M
FY23
Net income $171M
FY24
Net income $186M
FY25
Net income $207M
Q3 '23
Net income $37.6M
Q4 '23
Net income $34.8M
Q1 '24
Net income $45.5M
Q2 '24
Net income $56.2M
Q3 '24
Net income $43.8M
Q4 '24
Net income $40.1M
Q1 '25
Net income $44.7M
Q2 '25
Net income $59.9M
Q3 '25
Net income $54.8M
Q4 '25
Net income $48.0M
Q1 '26
Net income $48.4M
Q2 '26
Net income $63.9M
FY21
Diluted EPS $2.04
FY22
Diluted EPS $2.05
FY23
Diluted EPS $2.05
FY24
Diluted EPS $2.22
FY25
Diluted EPS $2.50
Q3 '23
Diluted EPS $0.45
Q4 '23
Diluted EPS $0.42
Q1 '24
Diluted EPS $0.54
Q2 '24
Diluted EPS $0.67
Q3 '24
Diluted EPS $0.52
Q4 '24
Diluted EPS $0.49
Q1 '25
Diluted EPS $0.54
Q2 '25
Diluted EPS $0.72
Q3 '25
Diluted EPS $0.66
Q4 '25
Diluted EPS $0.58
Q1 '26
Diluted EPS $0.59
Q2 '26
Diluted EPS $0.78
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY21
Return on capital —
Return on equity 39.8%
Return on assets —
FY22
Return on capital 36.0%
Return on equity 38.6%
Return on assets 19.6%
FY23
Return on capital 36.7%
Return on equity 63.9%
Return on assets 17.5%
FY24
Return on capital 33.1%
Return on equity 120.5%
Return on assets 16.3%
FY25
Return on capital 32.7%
Return on equity 68.5%
Return on assets 16.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $149M in fiscal 2025, 8.4% of revenue. Cash from operations minus capital spending.
FY21
Free cash flow $177M
FY22
Free cash flow $128M
FY23
Free cash flow $143M
FY24
Free cash flow $56.8M
FY25
Free cash flow $149M
Q3 '23
Free cash flow $47.8M
Q4 '23
Free cash flow $25.5M
Q1 '24
Free cash flow −$18.8M
Q2 '24
Free cash flow $11.3M
Q3 '24
Free cash flow $54.3M
Q4 '24
Free cash flow $10.0M
Q1 '25
Free cash flow $16.3M
Q2 '25
Free cash flow $32.4M
Q3 '25
Free cash flow $68.9M
Q4 '25
Free cash flow $31.2M
Q1 '26
Free cash flow $25.5M
Q2 '26
Free cash flow $64.8M
FY21
Cash from operations $210M
Capital spending $33.4M
FY22
Cash from operations $166M
Capital spending $37.5M
FY23
Cash from operations $189M
Capital spending $45.8M
FY24
Cash from operations $105M
Capital spending $48.6M
FY25
Cash from operations $203M
Capital spending $53.9M
Cash from operations
Capital spending
Q3 '23
Cash from operations $58.3M
Capital spending $10.5M
Q4 '23
Cash from operations $41.7M
Capital spending $16.2M
Q1 '24
Cash from operations −$8.2M
Capital spending $10.6M
Q2 '24
Cash from operations $22.9M
Capital spending $11.6M
Q3 '24
Cash from operations $70.7M
Capital spending $16.4M
Q4 '24
Cash from operations $20.0M
Capital spending $10.0M
Q1 '25
Cash from operations $28.7M
Capital spending $12.4M
Q2 '25
Cash from operations $44.4M
Capital spending $12.0M
Q3 '25
Cash from operations $82.1M
Capital spending $13.2M
Q4 '25
Cash from operations $47.5M
Capital spending $16.3M
Q1 '26
Cash from operations $38.1M
Capital spending $12.6M
Q2 '26
Cash from operations $77.8M
Capital spending $13.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Atmus Filtration Technologies Inc. returned $60.7M to shareholders in fiscal 2025, 41% of free cash flow. The diluted share count fell 1.0%.
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks $0.0M
FY23
Dividends —
Buybacks $0.0M
FY24
Dividends —
Buybacks $20.0M
FY25
Dividends —
Buybacks $60.7M
Dividends
Buybacks
Q3 '23
Dividends —
Buybacks —
Q4 '23
Dividends —
Buybacks $0.0M
Q1 '24
Dividends —
Buybacks $0.0M
Q2 '24
Dividends —
Buybacks $0.0M
Q3 '24
Dividends —
Buybacks $10.0M
Q4 '24
Dividends —
Buybacks $10.0M
Q1 '25
Dividends —
Buybacks $10.0M
Q2 '25
Dividends —
Buybacks $20.1M
Q3 '25
Dividends —
Buybacks $29.7M
Q4 '25
Dividends —
Buybacks $0.9M
Q1 '26
Dividends —
Buybacks $7.3M
Q2 '26
Dividends —
Buybacks $13.0M
Dividends
Buybacks
FY21
Diluted shares 0.08B
FY22
Diluted shares 0.08B
FY23
Diluted shares 0.08B
FY24
Diluted shares 0.08B
FY25
Diluted shares 0.08B
Balance sheet
Cash, debt and the ratios that show how comfortably Atmus Filtration Technologies Inc. can carry it.
FY21
Cash $0.0M
Debt —
FY22
Cash $0.0M
Debt $0.0M
FY23
Cash $168M
Debt $601M
FY24
Cash $184M
Debt $594M
FY25
Cash $236M
Debt $572M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.0M | $0.0M | $168M | $184M | $236M |
| Debt incl. finance leases | — | $0.0M | $601M | $594M | $572M |
| Net debt / EBITDA | — | 0.0x | 1.6x | 1.4x | 1.0x |
| Debt / equity | — | 0.0x | 7.4x | 2.6x | 1.5x |
| Interest coverage | 266.9x | 291.3x | 9.6x | 6.6x | 9.0x |
| Current ratio | — | 1.5x | 1.8x | 2.2x | 2.4x |
| Quick ratio | — | 0.8x | 1.2x | 1.4x | 1.7x |
| Total assets | — | $867M | $1.1B | $1.2B | $1.4B |
| Total liabilities | — | $412M | $1.0B | $963M | $972M |
| Shareholders' equity | $428M | $456M | $80.7M | $227M | $379M |
| Net debt (− = net cash) | — | $0.0M | $433M | $410M | $336M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✓ | ✕ | ✓ | ✕ | ✕ |
| Debt fell relative to assets | — | — | ✕ | ✓ | ✓ |
| Current ratio rose | — | — | ✓ | ✓ | ✓ |
| Share count didn't rise | — | ✓ | ✕ | ✕ | ✓ |
| Gross margin rose | — | ✕ | ✓ | ✓ | ✓ |
| Revenue rose relative to assets | — | — | ✕ | ✕ | ✕ |
| F-score | — / 3 | — / 5 | 5 / 9 | 5 / 9 | 6 / 9 |
| Accruals ratio | — | 0.5% | −1.8% | 7.0% | 0.4% |
| Altman Z'' | — | 4.02 | 3.79 | 4.74 | 5.54 |
5 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $1.4B | $1.6B | $1.6B | $1.7B | $1.8B |
| Gross profit | $349M | $359M | $433M | $462M | $498M |
| Research and development | $42.0M | $38.6M | $42.5M | $40.6M | $40.7M |
| Operating income | $214M | $204M | $248M | $266M | $299M |
| Interest expense | $0.8M | $0.7M | $25.8M | $40.6M | $33.4M |
| Pretax income | $217M | $212M | $226M | $235M | $266M |
| Income tax | $46.5M | $41.6M | $55.1M | $49.2M | $58.8M |
| Net income | $170M | $170M | $171M | $186M | $207M |
| Diluted EPS | $2.04 | $2.05 | $2.05 | $2.22 | $2.50 |
| Diluted shares | 0.08B | 0.08B | 0.08B | 0.08B | 0.08B |
| Cash flow | |||||
| Cash from operations | $210M | $166M | $189M | $105M | $203M |
| Capital expenditure | $33.4M | $37.5M | $45.8M | $48.6M | $53.9M |
| Free cash flow | $177M | $128M | $143M | $56.8M | $149M |
| Depreciation and amortization | $21.6M | $21.6M | $21.5M | $24.8M | $30.0M |
| Stock-based compensation | $0.0M | $0.0M | $7.2M | $11.9M | $12.4M |
| Share buybacks | — | $0.0M | $0.0M | $20.0M | $60.7M |
| Dividends and buybacks | — | $0.0M | $0.0M | $20.0M | $60.7M |
| Balance sheet | |||||
| Cash and short-term investments | $0.0M | $0.0M | $168M | $184M | $236M |
| Total debt | — | $0.0M | $600M | $593M | $570M |
| Finance lease liabilities | — | — | $0.8M | $1.5M | $2.1M |
| Current assets | — | $500M | $693M | $755M | $892M |
| Current liabilities | — | $331M | $375M | $345M | $368M |
| Inventory | — | $245M | $250M | $267M | $282M |
| Property and equipment, net | — | $148M | — | — | — |
| Goodwill | — | $84.7M | $84.7M | $84.7M | $84.7M |
| Intangible assets | — | — | — | — | $0.0M |
| Total assets | — | $867M | $1.1B | $1.2B | $1.4B |
| Total liabilities | — | $412M | $1.0B | $963M | $972M |
| Shareholders' equity | $428M | $456M | $80.7M | $227M | $379M |
| Margins | |||||
| Gross margin | 24.3% | 23.0% | 26.6% | 27.7% | 28.2% |
| Operating margin | 14.8% | 13.1% | 15.3% | 15.9% | 16.9% |
| EBITDA margin | 16.3% | 14.4% | 16.6% | 17.4% | 18.6% |
| Net margin | 11.8% | 10.9% | 10.5% | 11.1% | 11.8% |
| FCF margin | 12.3% | 8.2% | 8.8% | 3.4% | 8.4% |
| Returns | |||||
| Return on capital | — | 36.0% | 36.7% | 33.1% | 32.7% |
| Return on capital employed | — | 38.0% | 34.8% | 31.5% | 30.4% |
| Return on equity | 39.8% | 38.6% | 63.9% | 120.5% | 68.5% |
| Return on assets | — | 19.6% | 17.5% | 16.3% | 16.3% |
| Return on tangible equity | 39.8% | 45.9% | — | 130.1% | 70.6% |
| Growth | |||||
| Revenue growth | — | 8.6% | 4.2% | 2.5% | 5.7% |
| Net income growth | — | 0.2% | 0.5% | 8.3% | 11.7% |
| EPS growth | — | 0.5% | 0.0% | 8.3% | 12.6% |
| FCF growth | — | −27.4% | 11.7% | −60.3% | 162.0% |
| Share count change | — | 0.0% | 0.1% | 0.2% | −1.0% |
| Financial health | |||||
| Net debt / EBITDA | — | 0.0x | 1.6x | 1.4x | 1.0x |
| Debt / equity | — | 0.0x | 7.4x | 2.6x | 1.5x |
| Interest coverage | 266.9x | 291.3x | 9.6x | 6.6x | 9.0x |
| Current ratio | — | 1.5x | 1.8x | 2.2x | 2.4x |
| Quick ratio | — | 0.8x | 1.2x | 1.4x | 1.7x |
| Capital allocation | |||||
| Capex / revenue | 2.3% | 2.4% | 2.8% | 2.9% | 3.1% |
| Stock comp / revenue | 0.0% | 0.0% | 0.4% | 0.7% | 0.7% |
| Payouts / FCF | — | 0.0% | 0.0% | 35.2% | 40.8% |
| Quality scores | |||||
| Piotroski F-score | — | — | 5.0 | 5.0 | 6.0 |
| Altman Z'' | — | 4.0 | 3.8 | 4.7 | 5.5 |
| Accruals ratio | — | 0.5% | −1.8% | 7.0% | 0.4% |
Source: SEC EDGAR XBRL filings (CIK 0001921963). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.