showing the working

← Atmus Filtration Technologies

The business behind the dividend

MeasureATMUMedianFormula
Return on equity54.8%10.6%Net income ÷ shareholders’ equity
Return on capital employed31.5%10.0%Operating income ÷ (equity + total debt)
Owner earnings$183.50m$120.90mNet income + depreciation & amortisation − capital expenditure
Free cash flow$148.80m$155.08mOperating cash flow − capital expenditure
Operating margin16.9%14.3%Operating income ÷ revenue
Net margin11.8%10.1%Net income ÷ revenue
Debt to equity1.51x0.73xTotal debt ÷ shareholders’ equity
Interest cover8.95x4.22xOperating income ÷ interest expense
Current ratio2.42x1.55xCurrent assets ÷ current liabilities
Long-term debt to working capital1.03x1.88xLong-term debt ÷ (current assets − current liabilities)
Cash conversion0.98x1.66xOperating cash flow ÷ net income
Accruals0.3%-3.1%(Net income − operating cash flow) ÷ total assets

Ten years of it

The same measures, for every year the filings support. One year is a fact; a row is a business.

Measure20252024202320222021Median
Return on equity54.8%81.6%212.3%37.4%39.8%54.8%
Return on capital employed31.5%32.5%36.5%44.8%36.5%
Operating margin16.9%15.9%15.3%13.1%14.8%15.3%
Net margin11.8%11.1%10.5%10.9%11.8%11.1%
Debt to equity1.51x2.61x7.43x0.00x2.61x
Current ratio2.42x2.19x1.85x1.51x2.19x
Cash conversion0.98x0.57x1.10x0.97x1.23x0.98x

How it compares in industrials

Among the 289 industrials companies here measured on free cash flow, Atmus Filtration Technologies pays out less than 220 of them. The median for that group is 24.4%, against this company’s 11.6%.

Closest on free cash flow

Same sector and same denominator, so the figures are comparable. All 348 in industrials →