Atmus Filtration Technologies (ATMU) FY2025 results: revenue $1.8 billion, up 5.7% on the year
Atmus Filtration Technologies Inc. (ATMU) reported revenue of $1.8 billion for fiscal 2025, the year ended 31 December 2025, up 5.7% on the year before. Net income was $207 million, up 11.7%, and diluted earnings per share $2.50. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 5 new.
- Fourth-quarter sales rose 9.8%: Net sales were $447 million against $407 million a year earlier, up 9.8%. The company attributed the increase to pricing, higher volumes and favorable currency.
- Fourth-quarter diluted EPS rose: Net income was $48 million, or $0.58 diluted EPS, against $40 million or $0.48 a year earlier. Adjusted EPS was $0.66 against $0.58.
- Industrial Solutions segment established: The Koch Filter acquisition created the Industrial Solutions segment, where Koch Filter results will be reported.
- Fourth-quarter gross margin rose: Gross margin was $127 million, or 28.5% of net sales, against $107 million and 26.3% a year earlier.
- Operating cash flow increased: Operating cash flow was $48 million in the fourth quarter, against $20 million, and $203 million for the year, against $105 million.
The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025
Income statement (profit and loss)
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Revenue | 1,764 | 1,670 | 1,628 | +5.7% | |
| Cost of revenue | 1,266 | 1,208 | 1,195 | +4.8% | |
| Gross profit | 498 | 462 | 433 | +7.8% | |
| Gross margin | 28.2% | 27.7% | 26.6% | ||
| Research and development | 40.7 | 40.6 | 42.5 | +0.2% | |
| Selling, general and administrative | 184 | 188 | 175 | -1.8% | |
| Operating income | 299 | 266 | 248 | +12.3% | |
| Operating margin | 16.9% | 15.9% | 15.3% | ||
| Interest expense | 33.4 | 40.6 | 25.8 | -17.7% | |
| Pre-tax income | 266 | 235 | 226 | +13.4% | |
| Income tax | 58.8 | 49.2 | 55.1 | +19.5% | |
| Effective tax rate | 22.1% | 21.0% | 24.3% | ||
| Net income | 207 | 186 | 171 | +11.7% | |
| Net margin | 11.8% | 11.1% | 10.5% | ||
| Diluted EPS | $2.50 | $2.22 | $2.05 | +12.6% |
$ million except per share.
Read more
Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Operating cash flow | 203 | 105 | 189 | +92.3% | |
| Capital expenditure | 53.9 | 48.6 | 45.8 | +10.9% | |
| Free cash flow | 149 | 56.8 | 143 | +162.0% | |
| Free cash flow margin | 8.4% | 3.4% | 8.8% | ||
| Cash from investing | -53.9 | -48.6 | -45.8 | ||
| Cash from financing | -102 | -35.8 | 24.8 | ||
| Depreciation and amortisation | 30.0 | 24.8 | 21.5 | +21.0% | |
| Share-based compensation | 12.4 | 11.9 | 7.2 | +4.2% | |
| Buybacks | 60.7 | 20.0 | 0.0 | +203.5% | |
| Dividends paid | 17.3 | 8.3 | 0.0 | +108.4% | |
| Dividend per share | $0.21 | $0.10 | n/a | +110.0% | |
| Diluted shares, weighted | 83m | 84m | 83m | -1.0% | |
| Shares outstanding at period end | n/a | n/a | 83m |
Balance sheet
| $ million | FY2025 | FY2024 | FY2023 | On the year | Last 8 years |
|---|---|---|---|---|---|
| Shareholders' equity | 378 | 227 | 80.7 | +66.4% | |
| Debt | 570 | 592 | 600 | -3.8% | |
| Operating lease liabilities | 23.8 | 26.6 | 18.5 | -10.5% | |
| Finance lease liabilities | 1.2 | 1.0 | 0.5 | +20.0% | |
| Other liabilities | 377 | 343 | 389 | +10.0% | |
| Total liabilities and equity | 1,351 | 1,190 | 1,089 | +13.5% | |
| Goodwill | 84.7 | 84.7 | 84.7 | 0.0% | |
| Intangible assets | 0.0 | n/a | n/a | ||
| Cash and equivalents | 236 | 184 | 168 | +28.3% | |
| Receivables | 320 | 254 | 247 | +25.9% | |
| Inventory | 282 | 267 | 250 | +5.9% | |
| Other assets | 427 | 400 | 339 | +6.7% | |
| Total assets | 1,351 | 1,190 | 1,089 | +13.5% |
10-K for the year ended 31 December 2025, filed 13 February 2026: the filing.