Atmus Filtration Technologies Inc. ATMU

IndustrialsAutomobiles & Auto PartsUnited States of America

Last close 45.69 USD on Nov 1, 2026, −11.7% year to date

Quant rating

Quant rating B Rank 101 of 486 in Industrials

Growth D 402 of 486
Valuation A 58 of 486
Quality A 47 of 486
Revisions B 142 of 486
Momentum C 255 of 486

Wall Street consensus Buy (1.83)Average target 62.74 USD +37.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.7B
Enterprise value: 4.5B
52-week range: 40.79 – 66.00
3-year range: 18.50 – 66.00
Dividend yield: 0.53%
Beta (5 years): 1.20
Shares outstanding: 81.6M
Next earnings: Nov 6, 2026

About the company

Atmus Filtration Technologies Inc. is engaged in providing filtration and media solutions. The Company's segments consist of Power Solutions and Industrial Solutions. The Power Solutions Segment consists of products for on-highway commercial vehicles and off-highway agriculture, construction, mining vehicles and equipment. It designs and manufactures advanced filtration products, principally under the Fleetguard brand, that provide superior asset protection and enable lower emissions. Its products include filters for fuel, lube, air, crankcase ventilation, hydraulics and coolants and other chemicals. The Industrial Solutions segment addresses high-growth end markets, including commercial and industrial HVAC, data centers and power generation environments. Its products include a broad portfolio of air filtration solutions.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,764	1,670	1,628	1,562	1,439	–
Revenue growth	5.7%	2.5%	4.2%	8.6%	16.7%	7.4%
EPS (basic, normalized)	2.73	2.50	2.05	–	–	–
EPS growth	9.2%	22.0%	–	–	–	–
Gross margin	28.2%	27.7%	26.6%	23.0%	24.4%	26.0%
Net margin	11.8%	11.1%	10.5%	10.9%	11.9%	11.2%
ROE	68.5%	120.5%	63.9%	38.1%	38.7%	65.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	259
Current ratio	2.65x
Long-term debt (mil)	992
Net debt (mil)	740
Total equity (mil)	455
Net debt / equity	1.63x
Net debt / EBITDA	2.09x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,764	+5.7%	2.5x	354	+8.7%	12.6x	2.73	+9.2%	16.7x
2026	2,012	+14.1%	2.2x	405	+14.7%	11.0x	2.96	+8.4%	15.4x
2027	2,114	+5.1%	2.1x	437	+7.9%	10.2x	3.28	+10.7%	13.9x
2028	2,248	+6.3%	2.0x	465	+6.4%	9.6x	3.60	+9.8%	12.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,012	0.0%	+0.7%	+1.1%	2.96	0.0%	+0.5%	+0.8%
2027	2,114	0.0%	+0.7%	+1.3%	3.28	0.0%	+1.3%	+2.0%
2028	2,248	+3.3%	+3.6%	+3.6%	3.60	0.0%	+3.4%	+3.4%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	427	433	404	407	416	454	448	447	478	528
Sales mean (mil)	416	418	403	399	421	433	415	422	474	505
Surprise	+2.5%	+3.4%	+0.1%	+1.8%	−1.1%	+4.8%	+7.8%	+5.8%	+0.7%	+4.5%
EPS reported	0.60	0.71	0.61	0.58	0.63	0.75	0.69	0.66	0.69	0.82
EPS mean	0.55	0.55	0.50	0.52	0.58	0.65	0.60	0.56	0.67	0.78
Surprise	+8.8%	+28.1%	+22.7%	+11.6%	+8.1%	+14.5%	+15.0%	+17.4%	+3.6%	+5.3%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ATMU Atmus Filtration Technologies Inc.	3.7B	2.09x	11.8%	8.20x	15.4x	13.9x	11.0x	10.2x
JTEKY JTEKT Corporation	4.0B	0.55x	0.6%	0.78x	38.1x	29.9x	4.4x	4.0x
GTX Garrett Motion Inc.	3.9B	1.82x	8.6%	−6.27x	10.7x	9.5x	7.2x	6.9x
AMVOY Aumovio Se	3.8B	−1.00x	−3.5%	0.39x	34.9x	1.5x	1.5x	1.3x
LNR Linamar Corporation	3.7B	0.56x	5.7%	0.80x	7.6x	6.9x	3.6x	3.4x
TGOSY TOYODA GOSEI CO., LTD.	3.7B	0.16x	5.4%	0.98x	18.3x	16.8x	4.2x	4.0x
Mean		0.70x	4.8%	0.81x	20.8x	13.1x	5.3x	5.0x
Median		0.55x	5.6%	0.79x	16.9x	11.7x	4.3x	4.0x

Technical analysis

1M+3.7%
3M−16.1%
1Y−0.1%
3Y+145.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Atmus Filtration Technologies Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,764	1,670	1,628	1,562	1,439	1,233
Cost of revenue	1,266	1,208	1,195	1,203	1,088	923
Gross profit	498	462	433	359	350	309
Selling, general & administrative expenses	184	188	175	140	126	112
Research & development	40.7	40.6	42.5	38.6	42.0	39.0
Interest expense (income), operating	−33.8	−34.3	−33.6	−28.0	−32.4	−40.7
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	8.1	2.0	0.7	5.0	0	0
Operating income	299	266	248	204	215	199
Net interest income (expense)	−33.4	−40.6	−25.8	−0.7	−0.8	−0.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.6	9.2	3.8	8.8	3.9	2.0
Net income before taxes	266	235	226	212	218	201
Provision for taxes	58.8	49.2	55.1	41.6	46.5	57.8
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	207	186	171	170	171	143
Extraordinary items	–	–	–	–	–	–
Net income	207	186	171	170	171	143
EBIT, normalized	289	261	243	176	182	158
EBITDA, normalized	319	286	265	197	204	179
Basic EPS, normalized	2.73	2.50	2.05	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Atmus Filtration Technologies Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	236	184	168	0	0	0
Receivables	320	254	247	236	223	217
Total inventory	282	267	250	245	246	198
Prepaid expenses	53.6	49.9	28.2	19.3	13.6	24.0
Other current assets	0	0	0	0	0	0
Total current assets	892	755	693	500	482	439
Property, plant & equipment	237	224	199	181	174	162
Goodwill	84.7	84.7	84.7	84.7	84.7	84.7
Intangibles	–	–	–	–	–	–
Long-term investments	89.2	84.9	84.8	77.0	87.0	85.5
Note receivable	3.6	3.0	3.1	–	–	–
Other long-term assets	44.2	39.2	23.6	24.6	20.7	16.0
Total assets	1,351	1,190	1,089	867	848	787
Liabilities
Accounts payable	202	193	174	146	140	123
Payable/accrued	–	–	–	–	–	–
Accrued expenses	126	122	120	96.7	94.5	79.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	30.9	23.0	7.8	0.4	0.7	0.6
Other current liabilities	9.4	6.8	72.7	88.0	84.6	53.6
Total current liabilities	368	345	375	331	320	256
Long-term debt	541	571	593	0.7	1.4	1.6
Minority interest	–	–	–	–	–	–
Other liabilities	62.8	47.0	39.9	80.1	89.8	81.4
Total liabilities	972	963	1,008	412	411	339
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	–	–
Additional paid-in capital	72.7	61.9	49.7	0	–	–
Retained earnings (accumulated deficit)	455	264	87.2	511	479	478
Treasury stock	−80.7	−20.0	–	–	–	–
Other equity	−68.1	−79.0	−56.2	−55.8	−41.6	−30.3
Total equity	378	227	80.7	456	437	448
Total liabilities & shareholders' equity	1,351	1,190	1,089	867	848	787

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Atmus Filtration Technologies Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	207	186	171	170	170	143
Depreciation, depletion & amortization	30.0	24.8	21.5	21.6	21.6	21.1
Deferred taxes	18.7	−7.7	−10.0	−12.7	−2.7	3.4
Non-cash items	10.3	5.8	−12.3	−1.5	−8.6	−21.0
Changes in working capital	−63.7	−103	18.5	−12.1	29.5	66.8
Cash from operations	203	105	189	166	210	213
Investing activities
Capital expenditures	−53.9	−48.6	−45.8	−37.5	−33.4	−26.5
Other investing cash flows	0	0	0	0	0	0
Cash from investing	−53.9	−48.6	−45.8	−37.5	−33.4	−26.5
Financing activities
Financing cash flow items	−1.2	0	−575	−128	−176	−187
Cash dividends paid	−17.3	−8.3	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−83.2	−27.5	600	0	0	0
Cash from financing	−102	−35.8	24.8	−128	−176	−187
Foreign exchange effects	5.0	−4.7	–	–	–	–
Net change in cash	52.1	16.3	168	0	0	0
Free cash flow	149	56.8	143	128	176	187

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.