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ATMU

Atmus Filtration Technologies Inc.

ATMU

Atmus Filtration Technologies Inc. • NYSE
$50.61 ▼ -0.84% (-0.43)
Market Cap $4.19 B
52w High $51.84
52w Low $30.94
Dividend Yield 0.21%
P/E 21.18
Volume 357.92K
Outstanding Shares 82.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $447.7M ▼ $50M ▼ $54.8M ▼ 12.24% ▼ $0.67 ▼ $87.8M ▼
Q2-2025 $453.5M ▲ $51.2M ▼ $59.9M ▲ 13.208% ▲ $0.73 ▲ $92.6M ▲
Q1-2025 $416.5M ▲ $52.4M ▼ $44.7M ▲ 10.732% ▲ $0.54 ▲ $72.2M ▲
Q4-2024 $406.7M ▲ $56.6M ▲ $40.1M ▼ 9.86% ▼ $0.48 ▼ $64.6M ▲
Q3-2024 $403.7M $48.1M $43.8M 10.85% $0.53 $61.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $218.3M ▲ $1.339B ▲ $1.002B ▲ $336.7M ▲
Q2-2025 $190.8M ▲ $1.314B ▲ $997.7M ▲ $316.3M ▲
Q1-2025 $183.3M ▼ $1.228B ▲ $962.8M ▼ $265.3M ▲
Q4-2024 $184.3M ▼ $1.19B ▼ $962.9M ▼ $227.4M ▲
Q3-2024 $196.8M $1.218B $996.9M $221.2M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $54.8M ▼ $82.1M ▲ $-13.2M ▼ $-42.2M ▼ $27.5M ▲ $68.9M ▲
Q2-2025 $59.9M ▲ $44.4M ▲ $-12M ▲ $-28M ▼ $7.5M ▲ $32.4M ▲
Q1-2025 $44.7M ▲ $28.7M ▲ $-12.4M ▼ $-17.9M ▼ $-1M ▲ $16.3M ▲
Q4-2024 $40.1M ▼ $20M ▼ $-10M ▲ $-17.8M ▲ $-12.5M ▼ $10M ▼
Q3-2024 $43.8M $70.7M $-16.4M $-18M $36.3M $54.3M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Air
Air
 $70.00M ▲$70.00M ▲$80.00M ▲$80.00M ▲
Fuel Products
Fuel Products
 $170.00M ▲$180.00M ▲$200.00M ▲$200.00M ▲
Lube
Lube
 $80.00M ▲$80.00M ▲$90.00M ▲$90.00M ▲
Other
Other
 $80.00M ▲$80.00M ▲$90.00M ▲$80.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, with profits rising alongside sales. Margins look healthy and have generally improved, suggesting good pricing power and cost control. Net income has been consistently positive and edged higher recently, which shows a business that is not just growing in size but also maintaining profitability. Overall, the income statement points to a mature, steadily expanding industrial company rather than a volatile or highly cyclical story, though growth is gradual rather than explosive.

Balance Sheet

Balance Sheet The asset base has been building over time, which aligns with a company investing to support a growing business. Cash on hand has improved from very low levels in earlier years, giving more financial flexibility than before. The main watchpoint is debt: leverage is now much higher than it used to be prior to the IPO and separation, which introduces more financial risk and makes interest costs more important to monitor. Equity dipped sharply around the separation and has since begun to rebuild, but the capital structure is clearly more debt-heavy than in the past.

Cash Flow

Cash Flow Underlying cash generation from the business has been consistently positive for several years, which is a key strength. However, recent operating cash flow has softened a bit compared with earlier years, even as earnings rose, suggesting some pressure from working capital or timing factors. Free cash flow remains positive after capital spending, but the cushion is slimmer than it used to be. The pattern indicates a solid cash-generative business, but one where investors should pay attention to how efficiently earnings are turning into cash, especially with the higher debt load.

Competitive Edge

Competitive Edge Atmus operates in a specialized corner of industrial filtration with a strong, long-established brand and deep roots in heavy-duty engines. Its Fleetguard brand, long relationships with major equipment makers, and large installed base give it a meaningful aftermarket and replacement business, which tends to be more stable than original equipment sales. Proprietary filter media and vertical integration help differentiate its products on performance and reliability. Competition from other global filtration players remains intense, but Atmus benefits from its niche focus, technical reputation, and broad distribution network, which together create a credible competitive moat.

Innovation and R&D

Innovation and R&D Innovation centers on proprietary filter media like NanoNet and StrataPore, which are designed to deliver longer life, better engine protection, and efficiency gains for customers. The company invests a noticeable share of its sales back into research and development, supported by a large patent portfolio. It is pushing into digital monitoring through systems like FleetguardFIT, which turns filters into data-rich, service-oriented offerings. Atmus is also extending its technology into new areas such as industrial HVAC, data centers, and filtration for alternative powertrains. Overall, R&D appears focused, commercially oriented, and aimed at staying ahead of engine and emissions trends rather than chasing speculative technologies.

Summary

Atmus Filtration Technologies looks like a steady, profitable industrial business built around specialized filtration know‑how, a strong brand, and long-term OEM and aftermarket relationships. Financially, it combines gradually rising revenue with solid margins and consistent positive cash flow, though recent cash conversion trends are worth watching. The balance sheet has shifted to a more leveraged profile after the IPO and separation, increasing sensitivity to interest rates and downturns but still supported by a resilient aftermarket-driven model. On the strategic side, Atmus appears to have a real technological edge in filter media and is actively expanding into adjacent markets and digital offerings, positioning itself for incremental growth as engines evolve and sustainability pressures rise.

NEWS

November 24, 2025 · 9:34 AM UTC

Truelink Capital Signs Definitive Agreement to Sell Koch Filter Corporation, a Subsidiary of Air Distribution Technologies, to Atmus Filtration Technologies

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November 24, 2025 · 6:45 AM UTC

Atmus Filtration Technologies to Acquire Koch Filter Corporation

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November 12, 2025 · 6:47 AM UTC

Atmus Filtration Technologies Declares Quarterly Dividend

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November 7, 2025 · 6:42 AM UTC

Atmus Filtration Technologies Reports Third Quarter 2025 Results

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October 23, 2025 · 6:46 AM UTC

Atmus Filtration Technologies to Announce Third Quarter 2025 Results on November 7, 2025

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