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Atmus Filtration Technologies, Inc.
(NYSE:ATMU)
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Rating:61Neutral
Price Target:
$48.00
â–²(0.57% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by a mixed financial profile: strong margins and improving free cash flow are offset by a sharp TTM revenue decline and elevated leverage. The latest earnings call improves the outlook with growth guidance, strong recent free-cash-flow performance, and a plan to pay down debt, while technical signals remain soft and valuation support is moderate with a low dividend yield.
Positive Factors
Recurring aftermarket demand
The installed base of engines and industrial equipment creates repeat replacement demand, giving Atmus a recurring revenue foundation beyond new-equipment cycles. This maintenance-driven model can support customer retention, revenue visibility, and durable cash generation across on-highway, off-highway, industrial, and power markets.
Negative Factors
Sharp TTM revenue decline
The substantial trailing revenue contraction remains a fundamental risk because lower volume can weaken operating leverage and make earnings more sensitive to customer demand. Although recent quarterly growth and guidance are encouraging, Atmus must sustain recovery to establish that the decline was not persistent.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket demand
The installed base of engines and industrial equipment creates repeat replacement demand, giving Atmus a recurring revenue foundation beyond new-equipment cycles. This maintenance-driven model can support customer retention, revenue visibility, and durable cash generation across on-highway, off-highway, industrial, and power markets.
Read all positive factors
Atmus Filtration Technologies, Inc. Key Performance Indicators (KPIs)
Any
Revenue by Segment
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating strategic focus or diversification within Atmus Filtration Technologies, Inc.
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating strategic focus or diversification within Atmus Filtration Technologies, Inc.
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The Fly
The FlyAtmus Filtration Technologies, Inc. (ATMU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.77B
Dividend Yield0.49%
Average Volume (3M)682.83K
Price to Earnings (P/E)17.5
Beta (1Y)0.97
Revenue Growth13.05%
EPS Growth15.73%
CountryUS
Employees4,500
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)2.63
Shares Outstanding81,595,530
10 Day Avg. Volume689,238
30 Day Avg. Volume682,829
Financial Highlights & Ratios
PEG Ratio1.58
Price to Book (P/B)11.27
Price to Sales (P/S)2.42
P/FCF Ratio28.68
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue2.62
Enterprise Value/Gross Profit9.10
Enterprise Value/Ebitda13.84
Forecast
1Y Price Target
$61.50Price Target Upside28.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.96
Revenue Forecast (FY)$2.01B
Atmus Filtration Technologies, Inc. Business Overview & Revenue Model
Company Description
Atmus Filtration Technologies Inc. specializes in the global design, manufacturing, and distribution of advanced filtration products, marketed under its reputable Fleetguard brand. The company's comprehensive portfolio includes essential component...
How the Company Makes Money
Atmus makes money primarily by selling filtration products to customers that need ongoing maintenance and replacement of filters used in engines and industrial equipment. Its revenue model is centered on (1) aftermarket/recurring replacement deman...
Atmus Filtration Technologies, Inc. Earnings Call Summary
Earnings Call Date:Aug 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The call presents a largely positive operational and financial picture: record revenue, improved EPS and materially higher free cash flow, successful progress integrating Koch Filter, and constructive full-year revenue and EPS guidance. Headwinds include modest EBITDA margin compression, rising commodity and manufacturing costs tied to the Middle East conflict, localized JV weakness (India) and some one-time integration inefficiencies in Industrial Solutions. Management communicated a clear capital allocation plan (debt paydown plus share repurchases) and expects the remaining integration work to complete in Q3, supporting confidence in future performance.Positive Updates
Record Quarterly Revenue
Q2 sales of $528 million, up 16.4% versus $454 million in prior year, driven by the Koch Filter acquisition and strong Power Solutions performance.
Negative Updates
Slight EBITDA Margin Compression
Adjusted EBITDA margin down slightly to 20.7% from 21.0% year-over-year (≈-30 basis points), and company narrowed full-year EBITDA top end by ~25 bps to 20.25% due to expected headwinds.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue
Q2 sales of $528 million, up 16.4% versus $454 million in prior year, driven by the Koch Filter acquisition and strong Power Solutions performance.
Read all positive updates
Company Guidance
Atmus guided 2026 Power Solutions revenue of $1.82B–$1.865B (≈4.5% growth at the midpoint) with volume growth roughly flat–2%, pricing adding ~1.5% and foreign exchange a ~2% tailwind, Industrial Solutions revenue of $155M–$165M, and total company revenue of $1.975B–$2.03B (~13.5% growth at the midpoint); full‑year adjusted EBITDA was narrowed to 19.75%–20.25% and adjusted EPS to $2.85–$3.00. Management expects share repurchases around $14M–$20M in 2026, will allocate surplus cash to pay down gross debt, and reiterated 1%–2% share‑gain expectations in Power Solutions; acquisition-related items include integration costs of $3M–$6M and intangible amortization of $11M–$13M. The guidance is anchored by strong Q2 metrics — sales $528M (+16.4% YoY), Power Solutions sales $486M, Industrial sales $42M, gross margin $154M (29.2%), adjusted EBITDA $109M (20.7%), Power Solutions EBITDA $101M (20.8%), Industrial EBITDA $8M (18.9%), adjusted EPS $0.82, adjusted free cash flow $67M, capex $13M, $18M returned to shareholders, and a trailing‑12‑month net debt/adjusted EBITDA of ~1.9x.Atmus Filtration Technologies, Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.90B | 1.76B | 1.67B | 1.63B | 1.56B | 1.44B |
| Gross Profit | 547.10M | 509.50M | 474.20M | 432.70M | 359.20M | 349.30M |
| EBITDA | 359.70M | 329.60M | 286.00M | 273.70M | 197.50M | 205.40M |
| Net Income | 215.10M | 207.40M | 185.60M | 171.30M | 170.40M | 170.10M |
Balance Sheet | ||||||
| Total Assets | 1.89B | 1.35B | 1.19B | 1.09B | 867.40M | 848.30M |
| Cash, Cash Equivalents and Short-Term Investments | 259.00M | 236.40M | 184.30M | 168.00M | 0.00 | 0.00 |
| Total Debt | 998.30M | 570.00M | 631.60M | 625.90M | 32.60M | 35.10M |
| Total Liabilities | 1.44B | 972.20M | 962.90M | 1.01B | 411.80M | 411.10M |
| Stockholders Equity | 454.80M | 378.50M | 227.40M | 80.70M | 455.60M | 437.20M |
Cash Flow | ||||||
| Free Cash Flow | 190.40M | 148.80M | 56.80M | 143.20M | 128.20M | 176.50M |
| Operating Cash Flow | 245.50M | 202.70M | 105.40M | 189.00M | 165.70M | 209.90M |
| Investing Cash Flow | -509.00M | -53.90M | -48.60M | -45.80M | -37.50M | -33.40M |
| Financing Cash Flow | 329.00M | -101.70M | -35.80M | 24.80M | -128.20M | -176.50M |
Atmus Filtration Technologies, Inc. Technical Analysis
Neutral
47.73
Price Trends
47.99
Negative
49.07
Negative
53.78
Negative
Market Momentum
-0.67
Negative
50.59
Neutral
81.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATMU, the sentiment is Neutral. The current price of 47.73 is above the 20-day moving average (MA) of 44.83, below the 50-day MA of 47.99, and below the 200-day MA of 53.78, indicating a neutral trend. The MACD of -0.67 indicates Negative momentum. The RSI at 50.59 is Neutral, neither overbought nor oversold. The STOCH value of 81.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ATMU.
Atmus Filtration Technologies, Inc. Risk Analysis
Atmus Filtration Technologies, Inc. disclosed 42 risk factors in its most recent earnings report. Atmus Filtration Technologies, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Atmus Filtration Technologies, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $835.97M | 16.40 | 7.36% | 3.46% | 11.32% | 27.67% | |
66 Neutral | $3.66B | 17.44 | 14.76% | 4.50% | 3.30% | -1.80% | |
63 Neutral | $2.20B | 17.21 | 8.62% | 1.93% | 7.65% | 35.57% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $3.77B | 17.48 | 54.68% | 0.49% | 13.05% | 15.73% | |
53 Neutral | $17.40B | 489.92 | 0.72% | 3.31% | 5.47% | -95.54% | |
53 Neutral | $5.67B | 12.44 | 7.09% | 5.36% | -2.55% | -33.32% |
* Consumer Cyclical Sector Average
ATMU
Atmus Filtration Technologies, Inc.
45.96
2.03
4.62%
DORM
Dorman Products
126.58
-16.42
-11.48%
GPC
Genuine Parts Company
127.38
-3.87
-2.95%
LKQ
LKQ
22.39
-6.31
-21.99%
SMP
Standard Motor Products
37.56
-0.52
-1.38%
PHIN
PHINIA Inc.
60.76
7.52
14.13%
Atmus Filtration Technologies, Inc. Corporate Events
Business Operations and StrategyDividends
Atmus Filtration Technologies Raises Quarterly Dividend Payout
Positive
Aug 14, 2026
On August 14, 2026, Atmus Filtration Technologies announced that its Board of Directors had approved an increase in the company’s quarterly cash dividend to $0.06 per common share, up from $0.055 previously. The dividend will be paid on Sept...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.