AMERICOLD REALTY TRUST
$16.69
+0.79 (+4.97%) · delayed · Nov 13, 2026
Five-year price
52w $10.10 to $16.88
- Market cap
- $4.8B
- Enterprise value
- $4.6B
- P/E
- —
- EV / EBIT
- 639.8×
- FCF yield
- −4.6%
- ROIC
- 0.2%
- Debt / equity
- —
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
40
- ○ROIC > 12% (5y avg)5y avg ROIC 0.8%
- ○ROE > 15% (5y avg)5y avg ROE -3.5%
- ●Stable operating marginsMargin volatility 3.1% (σ, 5y)
- –Earnings convert to cashFCF / net income n/a (5y avg)
- ●Growing revenueRevenue CAGR 5y 5.3%
- ○Shrinking share countDiluted shares 38.1% over 5y
Value
33
- –P/E below 15P/E n/a
- ○EV/EBIT below 12EV/EBIT 639.8
- ○FCF yield above 6%FCF yield -4.6%
- –Price below Graham NumberGraham Number n/a
- ●P/B below 3P/B 1.7
Safety
0
- –Debt / equity below 0.5D/E n/a
- ○Debt payable in < 4 yrs of earningsNet debt $-0.1B
- ○Interest coverage > 8xCoverage 0.0x
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
n/a
- ●Adequate size (revenue > $2B)Revenue $2.5B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ○Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,469 | 1,522 | 1,582 | 1,762 | 1,962 | 2,676 | 2,870 | 2,621 | 2,605 | 2,541 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 132 | 137 | 180 | 131 | 168 | 73 | 88 | (108) | 124 | 7 |
| Operating margin | 9.0% | 9.0% | 11.4% | 7.5% | 8.6% | 2.7% | 3.1% | -4.1% | 4.8% | 0.3% |
| Pre-tax income | 11 | 9 | 44 | 43 | 18 | (31) | (30) | (328) | (103) | (136) |
| Income tax | 6 | 9 | (4) | (5) | (7) | (2) | (19) | (2) | (8) | (20) |
| Net income | 5 | (1) | 48 | 48 | 25 | (30) | (19) | (336) | (94) | (115) |
| EPS (diluted) | -0.35 | -0.43 | 0.31 | 0.26 | 0.11 | -0.12 | -0.07 | -1.22 | -0.33 | -0.40 |
| Diluted shares | 70 | 70 | 144 | 184 | 207 | 259 | 270 | 276 | 285 | 286 |
Who owns it