ATKRAtkore Inc.
Is the business good?
The checks split: earnings fully cash-backed (4.0×), but margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ATKR?
Atkore Inc. earns 1.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 7.2 points below what the capital costs: growth destroys value
- Operating margin
- 1.3%
Operating margin · Electrical Equipment & Parts median 6.7% · 12 months to Q3 2026
- Cash conversion
- 4.04×
Cash conversion · 2.66× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.38%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 14% |
| FY2021 | 27% |
| FY2022 | 32% |
| FY2023 | 25% |
| FY2024 | 20% |
| FY2025 | 0.81% |
Details›
- Gross margin12 months to Q3 2026
- 20%
- Operating margin12 months to Q3 2026
- 1.3%
- Net margin12 months to Q3 2026
- −5.5%
- Free cash flow margin
- 2.0%
- Revenue, trailing twelve months
- $2.93B
- Free cash flow, trailing twelve months
- $57M
- Net income, trailing twelve months
- −$163M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Electrical Equipment & Parts
Ranks #9 of 19 by RyuScore