Americold Realty Trust (COLD) Financials

$14.89 -0.08 (-0.54%)

Closing price 05/8/2026 03:58 PM Eastern

Extended Trading

$14.86 -0.03 (-0.18%)

As of 05/8/2026 07:55 PM Eastern

Annual Income Statements for Americold Realty Trust

This table shows Americold Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-24	-30	46	48	25	-30	-19	-336	-94	-115
Consolidated Net Income / (Loss)	4.93	-0.61	48	48	25	-30	-19	-336	-95	-115
Net Income / (Loss) Continuing Operations	4.93	-0.61	48	48	25	-29	-11	-326	-95	-115
Total Pre-Tax Income	11	8.79	44	43	18	-31	-30	-328	-103	-136
Total Operating Income	132	137	180	131	168	73	88	-108	124	7.23
Total Gross Profit	346	374	406	478	551	630	696	771	847	839
Total Revenue	1,490	1,544	1,604	1,784	1,988	2,715	2,915	2,673	2,667	2,602
Operating Revenue	1,490	1,544	1,604	1,784	1,988	2,715	2,915	2,673	2,667	2,602
Total Cost of Revenue	1,144	1,169	1,198	1,305	1,436	2,085	2,219	1,903	1,820	1,762
Operating Cost of Revenue	1,144	1,169	1,198	1,305	1,436	2,085	2,219	1,903	1,820	1,762
Total Operating Expenses	214	237	226	347	383	557	608	879	723	832
Selling, General & Admin Expense	97	100	111	129	145	182	231	227	255	269
Depreciation Expense	119	117	118	163	216	320	331	354	361	367
Other Operating Expenses / (Income)	-	11	3.94	41	36	52	33	64	77	104
Impairment Charge	9.82	9.47	0.75	13	8.24	3.31	7.38	237	33	47
Other Special Charges / (Income)	-12	-0.04	-7.47	0.03	-22	0.00	5.69	-2.25	-3.51	44
Total Other Income / (Expense), net	-121	-128	-136	-88	-151	-104	-118	-220	-227	-143
Interest Expense	121	116	141	97	104	99	119	143	251	148
Interest & Investment Income	0.58	-6.79	2.93	10	0.91	-0.72	-0.92	-1.44	-3.70	-2.11
Other Income / (Expense), net	-0.90	-5.54	2.35	-1.87	-48	-3.67	2.46	-76	28	6.92
Income Tax Expense	5.88	9.39	-3.62	-5.16	-6.93	-1.57	-19	-2.27	-8.43	-20
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-1.28	-8.38	-10	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.02	0.15	-0.03	-0.05	-0.44	-0.73
Basic Earnings per Share	($0.35)	($0.43)	$0.31	$0.26	$0.11	($0.12)	($0.07)	($1.22)	($0.33)	($0.40)
Weighted Average Basic Shares Outstanding	69.89M	70.02M	141.42M	179.60M	203.26M	259.06M	269.57M	275.77M	284.78M	285.74M
Diluted Earnings per Share	($0.35)	($0.43)	$0.31	$0.26	$0.11	($0.12)	($0.07)	($1.22)	($0.33)	($0.40)
Weighted Average Diluted Shares Outstanding	69.89M	70.02M	144.34M	183.95M	206.94M	259.06M	269.57M	275.77M	284.78M	285.74M
Weighted Average Basic & Diluted Shares Outstanding	-	-	148.79M	200.16M	252.37M	268.49M	269.93M	283.78M	284.39M	284.88M

This table shows Americold Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-2.09	-227	9.74	-64	-3.73	-36	-16	1.54	-11	-88	-14
Consolidated Net Income / (Loss)	-2.10	-227	9.80	-64	-3.73	-36	-16	1.55	-11	-89	-14
Net Income / (Loss) Continuing Operations	-2.30	-227	9.80	-64	-3.73	-36	-16	1.55	-11	-89	-14
Total Pre-Tax Income	-2.79	-227	12	-67	-4.56	-44	-14	4.79	-18	-109	-20
Total Operating Income	33	-194	42	63	27	-11	22	38	17	-69	14
Total Gross Profit	189	210	211	215	209	211	206	212	205	217	196
Total Revenue	668	679	665	661	674	666	629	651	664	658	630
Operating Revenue	668	679	665	661	674	666	629	651	664	658	630
Total Cost of Revenue	479	469	454	445	465	455	423	439	459	442	434
Operating Cost of Revenue	479	469	454	445	465	455	423	439	459	442	434
Total Operating Expenses	156	404	169	152	182	223	184	174	188	286	181
Selling, General & Admin Expense	52	58	65	59	64	67	69	67	71	62	71
Depreciation Expense	90	94	92	90	89	90	89	90	88	100	92
Other Operating Expenses / (Income)	14	16	15	3.01	26	33	25	23	29	26	20
Other Special Charges / (Income)	0.08	0.01	-3.51	0.00	0.00	-	0.00	-12	0.14	56	-2.21
Total Other Income / (Expense), net	-36	-33	-30	-130	-32	-32	-36	-33	-34	-40	-35
Interest Expense	36	35	33	144	34	34	36	38	34	39	42
Interest & Investment Income	-0.26	0.17	-0.95	-1.03	-1.04	-0.68	-1.36	-0.34	-0.04	-0.37	-0.41
Other Income / (Expense), net	0.72	1.68	4.34	15	3.72	2.78	1.30	5.78	-0.48	0.33	7.38
Income Tax Expense	-0.49	-0.60	1.99	-2.50	-0.83	-7.10	2.51	3.24	-6.25	-20	-6.57
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.01	0.04	0.06	-0.30	-0.00	-0.19	-0.09	0.01	-0.08	-0.57	-0.14
Basic Earnings per Share	($0.01)	($0.81)	$0.03	($0.23)	($0.01)	($0.12)	($0.06)	$0.01	($0.04)	($0.31)	($0.05)
Weighted Average Basic Shares Outstanding	278.14M	275.77M	284.64M	284.68M	284.86M	284.78M	285.36M	285.60M	285.90M	285.74M	286.26M
Diluted Earnings per Share	($0.01)	($0.81)	$0.03	($0.23)	($0.01)	($0.12)	($0.06)	$0.01	($0.04)	($0.31)	($0.05)
Weighted Average Diluted Shares Outstanding	278.14M	275.77M	284.88M	284.68M	284.86M	284.78M	285.36M	285.79M	285.90M	285.74M	286.26M
Weighted Average Basic & Diluted Shares Outstanding	283.52M	283.78M	284.04M	284.16M	284.26M	284.39M	284.73M	284.80M	284.85M	284.88M	285.31M

This table details how cash moves in and out of Americold Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-18	1.94	147	27	374	-535	-25	8.80	-8.09	85
Net Cash From Operating Activities	119	163	188	236	294	273	300	366	412	360
Net Cash From Continuing Operating Activities	119	159	188	236	294	273	300	366	412	360
Net Income / (Loss) Continuing Operations	4.93	-0.61	48	48	25	-30	-19	-336	-95	-115
Consolidated Net Income / (Loss)	4.93	-0.61	48	48	25	-30	-19	-336	-95	-115
Depreciation Expense	119	117	118	163	216	320	331	354	361	367
Amortization Expense	7.39	8.76	6.33	6.18	5.30	4.43	4.83	5.10	9.51	22
Non-Cash Adjustments To Reconcile Net Income	7.34	6.59	33	27	59	65	73	398	228	166
Changes in Operating Assets and Liabilities, net	-19	32	-17	-8.78	-11	-86	-90	-55	-92	-81
Net Cash From Investing Activities	-42	-139	-126	-1,605	-2,249	-1,239	-348	-357	-313	-658
Net Cash From Continuing Investing Activities	-42	-139	-126	-1,520	-2,249	-1,239	-348	-357	-313	-658
Purchase of Property, Plant & Equipment	-75	-149	-145	-217	-402	-438	-308	-264	-309	-577
Acquisitions	-	0.00	0.00	-1,320	-1,885	-803	-45	-138	-13	-133
Purchase of Investments	-	-	0.00	0.00	-922	-	-	0.00	0.00	-1.49
Sale of Property, Plant & Equipment	33	10	20	1.15	80	0.96	4.71	8.07	9.32	26
Other Investing Activities, net	-	-	-	-	-	-	-	37	0.00	27
Net Cash From Financing Activities	-95	-19	85	1,395	2,330	431	23	-0.29	-107	383
Net Cash From Continuing Financing Activities	-95	-19	85	1,395	2,330	431	23	-0.29	-107	383
Repayment of Debt	-571	-132	-1,549	-112	-794	-617	-695	-872	-986	-615
Payment of Dividends	-49	-49	-78	-135	-167	-239	-239	-242	-252	-261
Issuance of Debt	530	164	1,126	450	1,736	861	999	716	1,327	1,277
Issuance of Common Equity	0.00	0.00	586	1,207	1,579	476	3.88	416	3.07	1.58
Other Financing Activities, net	-5.34	-2.10	8.52	-13	-24	-50	-46	-18	-199	-20
Cash Interest Paid	115	107	86	68	83	88	118	135	122	138
Cash Income Taxes Paid	11	12	5.51	2.21	1.49	11	7.89	5.83	6.72	5.85

This table details how cash moves in and out of Americold Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	7.29	4.90	0.20	-18	19	-9.14	-9.63	59	-67	103	-98
Net Cash From Operating Activities	110	173	62	137	51	163	30	120	79	130	40
Net Cash From Continuing Operating Activities	110	173	62	137	51	163	30	120	79	130	40
Net Income / (Loss) Continuing Operations	-2.10	-227	9.80	-64	-3.73	-36	-16	1.55	-11	-89	-14
Consolidated Net Income / (Loss)	-2.10	-227	9.80	-64	-3.73	-36	-16	1.55	-11	-89	-14
Depreciation Expense	90	94	92	90	89	90	89	90	88	100	92
Amortization Expense	1.28	1.29	1.29	1.29	1.30	1.45	3.51	8.39	10	2.41	4.11
Non-Cash Adjustments To Reconcile Net Income	12	249	24	129	19	63	20	9.83	22	113	16
Changes in Operating Assets and Liabilities, net	9.64	56	-65	-19	-56	45	-66	10	-30	3.47	-58
Net Cash From Investing Activities	-96	-99	-39	-70	-97	-107	-227	-142	-142	-147	-126
Net Cash From Continuing Investing Activities	-96	-99	-39	-70	-97	-107	-227	-142	-142	-147	-126
Purchase of Property, Plant & Equipment	-60	-76	-46	-63	-95	-105	-113	-178	-144	-142	-110
Acquisitions	-36	-23	-2.58	-6.68	-2.19	-1.60	-114	-13	-0.48	-4.86	-19
Sale of Property, Plant & Equipment	0.20	0.16	9.02	0.16	0.08	0.07	0.13	21	3.88	0.41	2.70
Net Cash From Financing Activities	-7.45	-69	-22	-85	65	-65	187	80	-3.92	120	-12
Net Cash From Continuing Financing Activities	-7.45	-69	-22	-85	65	-65	187	80	-3.92	120	-12
Repayment of Debt	-459	-153	-138	-250	-529	-68	-37	-280	-78	-220	-425
Payment of Dividends	-60	-63	-63	-63	-63	-63	-63	-66	-66	-66	-66
Issuance of Debt	106	171	200	402	657	68	287	428	142	421	480
Issuance of Common Equity	415	-0.31	1.50	-	1.57	-	1.58	-	-	-	0.00
Other Financing Activities, net	-8.75	-24	-23	-173	-0.77	-1.58	-1.29	-1.04	-1.38	-16	-0.67
Cash Interest Paid	48	18	28	35	47	12	55	9.81	48	26	58
Cash Income Taxes Paid	1.90	0.35	2.37	1.60	1.94	0.80	0.95	3.03	1.25	0.62	-0.10

This table presents Americold Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,395	5,065	4,171	7,831	8,216	8,105	7,869	7,736	8,122
Total Current Assets	249	805	215	945	380	483	486	435	505
Cash & Equivalents	49	416	-	621	-	53	60	48	137
Accounts Receivable	200	389	215	324	380	430	426	387	369
Plant, Property, & Equipment, net	1,835	3,679	2,915	4,767	5,128	5,066	5,107	5,021	5,345
Plant, Property & Equipment, gross	2,887	242	4,149	6,149	6,763	7,046	7,303	7,474	7,986
Accumulated Depreciation	1,052	2,238	1,235	1,407	1,635	1,978	2,196	2,454	2,641
Total Noncurrent Assets	311	581	1,041	2,144	2,708	2,553	2,276	2,281	2,271
Long-Term Investments	16	29	0.00	45	37	-	38	40	39
Noncurrent Note & Lease Receivables	-	0.00	58	129	-58	83	105	104	158
Goodwill	188	372	318	794	1,073	1,034	794	784	828
Intangible Assets	27	50	285	797	981	925	897	839	819
Other Noncurrent Operating Assets	80	129	380	378	675	511	441	514	426
Total Liabilities & Shareholders' Equity	2,395	5,065	4,171	7,831	8,216	8,105	7,869	7,736	8,122
Total Liabilities	2,209	3,651	2,338	4,038	4,187	4,317	4,235	4,429	5,200
Total Current Liabilities	241	744	351	553	559	558	569	603	574
Accounts Payable	241	506	351	553	559	558	569	603	574
Total Noncurrent Liabilities	1,968	2,907	1,987	3,486	3,628	3,759	3,666	3,826	4,626
Long-Term Debt	1,722	2,702	1,695	2,648	2,843	3,069	2,993	3,287	4,124
Capital Lease Obligations	160	82	116	185	98	436	259	96	152
Noncurrent Deferred Revenue	38	37	16	19	26	32	28	22	20
Noncurrent Deferred & Payable Income Tax Liabilities	22	36	17	221	169	135	136	116	99
Other Noncurrent Operating Liabilities	-	0.00	121	395	489	78	249	305	230
Commitments & Contingencies	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-187	1,414	1,833	3,793	4,029	3,788	3,635	3,307	2,922
Total Preferred & Common Equity	-187	1,414	1,833	3,790	4,021	3,773	3,616	3,281	2,884
Total Common Equity	-187	1,414	1,833	3,790	4,021	3,773	3,616	3,281	2,884
Common Stock	395	2,077	2,584	4,690	5,174	5,195	5,629	5,650	5,667
Retained Earnings	-581	-638	-737	-896	-1,158	-1,415	-1,996	-2,342	-2,719
Accumulated Other Comprehensive Income / (Loss)	-0.23	-25	-14	-4.38	4.52	-6.05	-17	-27	-63
Noncontrolling Interest	-	-	0.00	2.38	8.07	14	18	26	38

This table presents Americold Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,002	8,072	8,216	8,014	7,788	7,802	7,885	7,825	8,090	8,081	8,084
Total Current Assets	487	410	621	478	467	473	522	418	468	402	412
Cash & Equivalents	46	-	49	54	59	44	61	39	101	33	40
Accounts Receivable	442	410	466	425	407	429	460	379	366	369	372
Plant, Property, & Equipment, net	4,995	-84	5,062	5,286	5,042	5,031	5,088	5,152	5,351	5,419	5,405
Plant, Property & Equipment, gross	6,820	-	7,141	7,482	7,302	7,361	7,501	7,685	7,968	8,096	8,120
Accumulated Depreciation	1,898	84	2,134	2,267	2,259	2,331	2,413	2,534	2,617	2,676	2,716
Total Noncurrent Assets	2,593	2,544	2,588	2,320	2,279	2,299	2,276	2,256	2,271	2,259	2,267
Long-Term Investments	70	-	-	36	39	41	43	47	36	36	40
Noncurrent Note & Lease Receivables	88	85	86	151	101	106	99	115	122	137	166
Goodwill	1,009	1,031	1,036	1,023	791	791	793	832	828	827	828
Intangible Assets	919	919	914	897	885	875	874	835	840	828	807
Other Noncurrent Operating Assets	506	510	551	213	464	486	467	427	445	431	426
Total Liabilities & Shareholders' Equity	8,002	8,072	8,216	8,014	7,788	7,802	7,885	7,825	8,090	8,081	8,084
Total Liabilities	4,179	4,350	4,626	4,067	4,187	4,333	4,492	4,606	4,944	5,010	5,225
Total Current Liabilities	517	480	527	502	514	571	567	515	580	571	548
Accounts Payable	517	480	527	502	514	571	567	515	580	571	548
Total Noncurrent Liabilities	3,663	3,871	4,099	3,565	3,673	3,762	3,925	4,092	4,365	4,439	4,677
Long-Term Debt	2,961	3,191	3,314	2,920	3,035	3,194	3,369	3,584	3,838	3,903	4,183
Capital Lease Obligations	257	169	167	70	235	96	89	109	116	132	159
Noncurrent Deferred Revenue	34	33	31	30	29	27	26	23	22	23	21
Noncurrent Deferred & Payable Income Tax Liabilities	128	132	133	126	134	130	131	119	128	120	93
Other Noncurrent Operating Liabilities	271	336	332	417	240	316	310	257	261	261	222
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,823	3,721	3,590	3,947	3,601	3,470	3,393	3,219	3,145	3,071	2,859
Total Preferred & Common Equity	3,810	3,705	3,575	3,930	3,581	3,448	3,370	3,190	3,114	3,033	2,820
Total Common Equity	3,810	3,705	3,575	3,930	3,581	3,448	3,370	3,190	3,114	3,033	2,820
Common Stock	5,192	5,201	5,207	5,625	5,635	5,638	5,645	5,656	5,660	5,663	5,673
Retained Earnings	-1,359	-1,477	-1,642	-1,707	-2,049	-2,176	-2,243	-2,424	-2,488	-2,565	-2,799
Accumulated Other Comprehensive Income / (Loss)	-23	-18	10	11	-4.53	-14	-33	-42	-58	-65	-55
Noncontrolling Interest	13	16	15	17	20	22	23	29	32	38	39

This table displays calculated financial ratios and metrics derived from Americold Realty Trust's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	3.60%	3.89%	11.23%	11.44%	36.58%	7.37%	-8.28%	-0.25%	-2.43%
EBITDA Growth	0.00%	-0.09%	19.20%	-2.34%	14.27%	15.15%	8.40%	-59.03%	130.00%	-22.65%
EBIT Growth	0.00%	0.18%	38.69%	-28.91%	-6.93%	-42.54%	30.35%	-303.75%	119.48%	-90.68%
NOPAT Growth	0.00%	-115.73%	2,152.98%	-24.36%	59.37%	-78.23%	20.42%	-223.26%	214.50%	-94.17%
Net Income Growth	0.00%	-112.33%	7,992.27%	0.37%	-49.02%	-223.43%	35.75%	-1,626.76%	71.82%	-21.67%
EPS Growth	0.00%	-22.86%	172.09%	-16.13%	-57.69%	-209.09%	41.67%	-1,642.86%	72.95%	-21.21%
Operating Cash Flow Growth	0.00%	37.50%	15.21%	25.52%	24.34%	-7.02%	9.86%	22.05%	12.49%	-12.68%
Free Cash Flow Firm Growth	0.00%	0.00%	10.92%	127.49%	-527.38%	57.42%	72.85%	253.24%	-26.57%	-251.87%
Invested Capital Growth	0.00%	0.00%	99.22%	-8.66%	64.22%	15.84%	4.40%	-6.20%	-2.76%	6.38%
Revenue Q/Q Growth	0.00%	0.00%	0.89%	4.09%	1.93%	7.64%	0.17%	-1.55%	-0.48%	-0.31%
EBITDA Q/Q Growth	0.00%	0.00%	2.14%	4.70%	-13.94%	13.84%	9.42%	-54.96%	80.94%	18.76%
EBIT Q/Q Growth	0.00%	0.00%	3.98%	-3.45%	-35.23%	40.92%	69.46%	-500.96%	124.19%	139.20%
NOPAT Q/Q Growth	0.00%	0.00%	19.53%	-21.50%	31.20%	-23.61%	48.81%	-190.97%	310.39%	-89.39%
Net Income Q/Q Growth	0.00%	0.00%	-9.98%	60.37%	-72.52%	54.30%	35.96%	-215.70%	66.77%	-83.63%
EPS Q/Q Growth	0.00%	0.00%	6.90%	62.50%	-75.56%	61.29%	36.36%	-205.00%	67.65%	-90.48%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	16.62%	9.89%	-5.71%	18.31%	2.87%	17.99%	-2.45%	-8.26%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	141.58%	-490.91%	67.53%	-25.47%	129.19%	109.55%	-71.26%
Invested Capital Q/Q Growth	0.00%	0.00%	96.91%	7.22%	52.13%	2.52%	3.43%	-1.87%	-2.14%	-0.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.20%	24.24%	25.30%	26.81%	27.75%	23.20%	23.88%	28.82%	31.75%	32.26%
EBITDA Margin	17.26%	16.65%	19.10%	16.77%	17.20%	14.50%	14.64%	6.54%	15.08%	15.53%
Operating Margin	8.87%	8.87%	11.22%	7.37%	8.47%	2.69%	3.01%	-4.05%	4.65%	0.28%
EBIT Margin	8.81%	8.52%	11.37%	7.27%	6.07%	2.55%	3.10%	-6.89%	1.34%	0.54%
Profit (Net Income) Margin	0.33%	-0.04%	2.99%	2.70%	1.24%	-1.12%	-0.67%	-12.58%	-3.55%	-4.43%
Tax Burden Percent	45.62%	-6.92%	108.16%	111.99%	139.30%	99.06%	65.07%	102.49%	91.83%	84.93%
Interest Burden Percent	8.24%	6.68%	24.34%	33.18%	14.62%	-44.15%	-33.13%	178.25%	-287.82%	-958.91%
Effective Tax Rate	54.38%	106.92%	-8.16%	-11.99%	-39.30%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-0.95%	6.50%	3.86%	4.87%	0.79%	0.87%	-1.08%	1.30%	0.07%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.03%	-0.18%	-0.66%	-5.62%	-2.40%	-1.68%	-8.97%	-4.33%	-3.18%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.29%	-0.50%	-0.89%	-4.00%	-1.57%	-1.37%	-7.98%	-4.03%	-3.78%
Return on Equity (ROE)	0.00%	-0.65%	6.00%	2.97%	0.87%	-0.78%	-0.50%	-9.06%	-2.73%	-3.70%
Cash Return on Invested Capital (CROIC)	0.00%	-200.95%	-59.82%	12.91%	-43.74%	-13.88%	-3.44%	5.32%	4.09%	-6.11%
Operating Return on Assets (OROA)	0.00%	5.49%	4.89%	2.81%	2.01%	0.86%	1.11%	-2.30%	0.46%	0.18%
Return on Assets (ROA)	0.00%	-0.03%	1.29%	1.04%	0.41%	-0.38%	-0.24%	-4.21%	-1.21%	-1.45%
Return on Common Equity (ROCE)	0.00%	0.66%	4.60%	2.97%	0.87%	-0.77%	-0.50%	-9.02%	-2.71%	-3.66%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.33%	3.39%	2.63%	0.65%	-0.75%	-0.52%	-9.30%	-2.89%	0.00%
Net Operating Profit after Tax (NOPAT)	60	-9.48	195	147	235	51	62	-76	87	5.06
NOPAT Margin	4.05%	-0.61%	12.14%	8.25%	11.80%	1.88%	2.11%	-2.84%	3.26%	0.19%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.98%	6.68%	4.52%	10.50%	3.19%	2.55%	7.89%	5.63%	3.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	0.84%	-1.10%	1.30%	0.07%
Cost of Revenue to Revenue	76.80%	75.76%	74.70%	73.19%	72.25%	76.80%	76.12%	71.18%	68.25%	67.74%
SG&A Expenses to Revenue	6.49%	6.45%	6.91%	7.25%	7.28%	6.71%	7.93%	8.48%	9.57%	10.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.33%	15.36%	14.07%	19.44%	19.27%	20.51%	20.86%	32.88%	27.10%	31.98%
Earnings before Interest and Taxes (EBIT)	131	131	182	130	121	69	90	-184	36	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	257	257	306	299	342	394	427	175	402	404
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.30	3.23	1.82	2.01	1.89	2.29	1.85	1.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	3.27	4.81	3.13	4.11	3.94	4.30	3.67	2.96
Price to Revenue (P/Rev)	0.49	0.47	2.02	3.32	3.47	2.98	2.45	3.10	2.28	1.41
Price to Earnings (P/E)	0.00	0.00	70.27	122.83	280.77	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	3.20%	2.59%	2.50%	2.90%	3.32%	3.01%	4.11%	7.15%
Earnings Yield	0.00%	0.00%	1.42%	0.81%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.46	1.46	2.12	1.51	1.59	1.47	1.69	1.42	1.11
Enterprise Value to Revenue (EV/Rev)	0.00	1.89	3.63	4.33	4.56	4.05	3.64	4.28	3.53	3.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.34	19.00	25.83	26.51	27.94	24.87	65.52	23.39	19.31
Enterprise Value to EBIT (EV/EBIT)	0.00	22.17	31.92	59.62	75.12	158.67	117.47	0.00	262.32	551.13
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	29.90	52.48	38.61	215.28	172.51	0.00	108.33	1,540.58
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.84	30.93	32.71	30.85	40.27	35.37	31.28	22.83	21.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	15.68	0.00	0.00	0.00	30.70	34.33	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	10.12	2.14	0.99	0.75	0.73	0.93	0.89	1.02	1.46
Long-Term Debt to Equity	0.00	10.12	1.97	0.99	0.75	0.73	0.93	0.89	1.02	1.46
Financial Leverage	0.00	9.77	2.75	1.35	0.71	0.65	0.81	0.89	0.93	1.19
Leverage Ratio	0.00	12.88	4.66	2.84	2.13	2.05	2.09	2.15	2.25	2.55
Compound Leverage Factor	0.00	0.86	1.14	0.94	0.31	-0.91	-0.69	3.84	-6.47	-24.41
Debt to Total Capital	0.00%	91.01%	68.13%	49.70%	42.76%	42.19%	48.06%	47.23%	50.56%	59.41%
Short-Term Debt to Total Capital	0.00%	0.00%	5.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	91.01%	62.77%	49.70%	42.76%	42.19%	48.06%	47.23%	50.56%	59.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	18.03%	0.00%	0.00%	0.04%	0.12%	0.20%	0.27%	0.39%	0.52%
Common Equity to Total Capital	0.00%	-9.04%	31.87%	50.30%	57.20%	57.69%	51.74%	52.51%	49.05%	40.07%
Debt to EBITDA	0.00	7.32	9.86	6.06	8.29	7.47	8.22	18.61	8.41	10.59
Net Debt to EBITDA	0.00	7.07	8.41	6.06	6.34	7.38	8.09	18.04	8.20	10.15
Long-Term Debt to EBITDA	0.00	7.32	9.09	6.06	8.29	7.47	8.22	18.61	8.41	10.59
Debt to NOPAT	0.00	-198.46	15.52	12.30	12.08	57.57	56.98	-42.90	38.96	844.52
Net Debt to NOPAT	0.00	-191.63	13.24	12.30	9.24	56.84	56.12	-41.60	37.95	809.75
Long-Term Debt to NOPAT	0.00	-198.46	14.30	12.30	12.08	57.57	56.98	-42.90	38.96	844.52
Altman Z-Score	0.00	0.69	0.81	1.76	1.23	1.29	1.13	1.07	0.73	0.27
Noncontrolling Interest Sharing Ratio	0.00%	200.57%	23.31%	0.00%	0.04%	0.13%	0.29%	0.44%	0.64%	1.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.03	1.08	0.61	1.71	0.68	0.87	0.86	0.72	0.88
Quick Ratio	0.00	1.03	1.08	0.61	1.71	0.68	0.87	0.86	0.72	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,012	-1,792	493	-2,106	-897	-243	373	274	-416
Operating Cash Flow to CapEx	285.17%	117.64%	149.69%	109.31%	91.16%	62.45%	98.80%	142.81%	137.23%	65.27%
Free Cash Flow to Firm to Interest Expense	0.00	-17.36	-12.72	5.08	-20.27	-9.04	-2.04	2.62	2.02	-2.81
Operating Cash Flow to Interest Expense	0.98	1.41	1.34	2.43	2.83	2.75	2.51	2.57	3.04	2.43
Operating Cash Flow Less CapEx to Interest Expense	0.64	0.21	0.44	0.21	-0.27	-1.66	-0.03	0.77	0.83	-1.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.64	0.43	0.39	0.33	0.34	0.36	0.33	0.34	0.33
Accounts Receivable Turnover	0.00	7.72	5.45	5.91	7.37	7.71	7.20	6.25	6.56	6.89
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.84	0.58	0.54	0.52	0.55	0.57	0.53	0.53	0.50
Accounts Payable Turnover	0.00	4.85	3.21	3.05	3.18	3.75	3.97	3.38	3.11	2.99
Days Sales Outstanding (DSO)	0.00	47.29	66.98	61.74	49.49	47.34	50.72	58.44	55.64	52.99
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	75.30	113.86	119.82	114.81	97.33	91.87	108.03	117.55	121.93
Cash Conversion Cycle (CCC)	0.00	-28.00	-46.88	-58.09	-65.31	-49.99	-41.15	-49.59	-61.91	-68.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	2,003	3,990	3,644	5,985	6,932	7,237	6,788	6,601	7,022
Invested Capital Turnover	0.00	1.54	0.54	0.47	0.41	0.42	0.41	0.38	0.40	0.38
Increase / (Decrease) in Invested Capital	0.00	2,003	1,987	-345	2,340	948	305	-449	-187	421
Enterprise Value (EV)	0.00	2,914	5,820	7,727	9,060	10,996	10,611	11,452	9,404	7,801
Market Capitalization	725	725	3,244	5,916	6,890	8,085	7,145	8,279	6,083	3,663
Book Value per Share	$0.00	($2.67)	$9.56	$9.56	$18.50	$15.07	$14.01	$12.75	$11.54	$10.13
Tangible Book Value per Share	$0.00	($5.74)	$6.70	$6.41	$10.73	$7.37	$6.74	$6.79	$5.83	$4.34
Total Capital	0.00	2,067	4,435	3,644	6,626	6,970	7,293	6,887	6,689	7,199
Total Debt	0.00	1,882	3,021	1,811	2,833	2,941	3,505	3,252	3,382	4,276
Total Long-Term Debt	0.00	1,882	2,784	1,811	2,833	2,941	3,505	3,252	3,382	4,276
Net Debt	0.00	1,817	2,576	1,811	2,167	2,903	3,452	3,154	3,294	4,100
Capital Expenditures (CapEx)	42	139	126	216	322	437	304	256	300	551
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-41	-118	-136	-228	-179	-127	-143	-216	-206
Debt-free Net Working Capital (DFNWC)	0.00	7.62	299	-136	393	-179	-74	-82	-169	-69
Net Working Capital (NWC)	0.00	7.62	61	-136	393	-179	-74	-82	-169	-69
Net Nonoperating Expense (NNE)	55	-8.87	147	99	210	81	81	260	182	120
Net Nonoperating Obligations (NNO)	0.00	1,817	2,576	1,811	2,192	2,903	3,449	3,154	3,294	4,100
Total Depreciation and Amortization (D&A)	126	125	124	170	221	324	336	359	366	390
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-2.67%	-7.33%	-7.63%	-11.49%	-6.61%	-4.37%	-5.34%	-8.12%	-7.90%
Debt-free Net Working Capital to Revenue	0.00%	0.49%	18.62%	-7.63%	19.76%	-6.61%	-2.55%	-3.08%	-6.33%	-2.64%
Net Working Capital to Revenue	0.00%	0.49%	3.79%	-7.63%	19.76%	-6.61%	-2.55%	-3.08%	-6.33%	-2.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.31	$0.26	$0.11	($0.12)	($0.07)	($1.22)	($0.33)	($0.40)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	141.42M	179.60M	203.26M	259.06M	269.57M	275.77M	284.78M	285.74M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.31	$0.26	$0.11	($0.12)	($0.07)	($1.22)	($0.33)	($0.40)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	144.34M	183.95M	206.94M	259.06M	269.57M	275.77M	284.78M	285.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.34	$0.27	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	148.79M	200.16M	252.37M	268.49M	269.93M	283.78M	284.39M	284.88M
Normalized Net Operating Profit after Tax (NOPAT)	91	102	121	101	108	53	71	88	108	69
Normalized NOPAT Margin	6.12%	6.64%	7.56%	5.69%	5.44%	1.97%	2.42%	3.30%	4.03%	2.65%
Pre Tax Income Margin	0.73%	0.57%	2.77%	2.41%	0.89%	-1.13%	-1.03%	-12.27%	-3.87%	-5.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.08	1.13	1.29	1.34	1.16	0.70	0.76	-1.29	0.26	0.10
NOPAT to Interest Expense	0.50	-0.08	1.38	1.52	2.26	0.52	0.52	-0.53	0.64	0.03
EBIT Less CapEx to Interest Expense	0.74	-0.06	0.40	-0.89	-1.94	-3.71	-1.79	-3.09	-1.95	-3.63
NOPAT Less CapEx to Interest Expense	0.15	-1.28	0.49	-0.71	-0.84	-3.89	-2.03	-2.33	-1.58	-3.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	986.42%	-8,001.64%	163.54%	281.22%	680.46%	-788.95%	-1,225.78%	-72.03%	-266.09%	-226.73%
Augmented Payout Ratio	986.42%	-8,001.64%	180.64%	281.22%	680.46%	-788.95%	-1,225.78%	-72.03%	-266.09%	-226.73%

This table displays calculated financial ratios and metrics derived from Americold Realty Trust's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	284,879,678.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	284,879,678.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.86%	-5.85%	-1.70%	1.75%	0.93%	-1.89%	-5.41%	-1.54%	-1.56%	-1.20%	0.14%
EBITDA Growth	19.65%	-181.19%	16.25%	113.77%	-2.50%	184.91%	-18.39%	-16.10%	-7.19%	-62.89%	1.24%
EBIT Growth	63.89%	-616.16%	36.69%	44.52%	-8.23%	95.54%	-49.08%	-44.39%	-47.42%	-2,066.47%	-7.83%
NOPAT Growth	42.43%	-342.91%	53.50%	206.61%	-8.55%	94.15%	-55.26%	-72.57%	-38.47%	-723.97%	-35.68%
Net Income Growth	76.55%	-7,775.13%	481.25%	38.54%	-78.10%	83.95%	-268.06%	102.41%	-206.70%	-144.20%	16.88%
EPS Growth	66.67%	-8,200.00%	400.00%	41.03%	0.00%	85.19%	-300.00%	104.35%	-300.00%	-158.33%	16.67%
Operating Cash Flow Growth	122.49%	47.67%	49.44%	231.02%	-54.17%	-5.98%	-51.28%	-11.97%	55.92%	-19.92%	32.00%
Free Cash Flow Firm Growth	146.78%	225.66%	-191.92%	270.45%	88.38%	-42.73%	99.23%	-149.62%	-245.98%	-359.15%	-660.89%
Invested Capital Growth	-1.13%	-6.20%	260.47%	-7.16%	-2.49%	-2.76%	0.78%	4.34%	4.31%	6.38%	4.31%
Revenue Q/Q Growth	2.82%	1.70%	-2.11%	-0.61%	2.00%	-1.15%	-5.62%	3.46%	1.98%	-0.79%	-4.34%
EBITDA Q/Q Growth	357.74%	-177.97%	242.61%	-58.26%	108.77%	-32.10%	37.94%	24.87%	-19.46%	-70.92%	252.62%
EBIT Q/Q Growth	157.23%	-671.24%	124.05%	-170.80%	194.67%	-127.74%	373.88%	84.45%	-62.48%	-524.00%	131.41%
NOPAT Q/Q Growth	59.67%	-688.85%	125.55%	27.61%	-52.38%	-137.67%	295.45%	-21.78%	-3.61%	-513.88%	120.61%
Net Income Q/Q Growth	98.00%	-10,720.61%	104.32%	-757.10%	94.20%	-875.33%	54.76%	109.41%	-838.65%	-676.57%	84.60%
EPS Q/Q Growth	97.44%	-8,000.00%	103.70%	-866.67%	95.65%	-1,100.00%	50.00%	116.67%	-500.00%	-675.00%	83.87%
Operating Cash Flow Q/Q Growth	167.51%	56.59%	-64.16%	120.47%	-62.97%	221.27%	-81.43%	298.37%	-34.41%	65.00%	-69.38%
Free Cash Flow Firm Q/Q Growth	131.25%	205.16%	-1,123.70%	111.50%	-65.46%	-7.23%	-120.86%	-642.26%	-0.54%	-68.39%	39.45%
Invested Capital Q/Q Growth	-3.76%	-1.87%	2.22%	-1.48%	1.09%	-2.14%	3.41%	2.00%	1.06%	-0.20%	1.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.31%	30.89%	31.71%	32.60%	31.03%	31.69%	32.73%	32.53%	30.89%	32.93%	31.04%
EBITDA Margin	18.67%	-14.32%	20.99%	8.81%	18.04%	12.39%	18.11%	21.86%	17.26%	5.06%	18.65%
Operating Margin	4.94%	-28.61%	6.29%	9.59%	4.48%	-1.71%	3.53%	5.78%	2.52%	-10.53%	2.27%
EBIT Margin	5.05%	-28.36%	6.94%	-4.95%	4.59%	-1.29%	3.74%	6.66%	2.45%	-10.48%	3.44%
Profit (Net Income) Margin	-0.31%	-33.39%	1.47%	-9.74%	-0.55%	-5.46%	-2.62%	0.24%	-1.73%	-13.50%	-2.17%
Tax Burden Percent	75.10%	99.74%	83.10%	96.27%	81.85%	83.69%	117.94%	32.36%	64.69%	81.68%	67.59%
Interest Burden Percent	-8.28%	118.04%	25.55%	204.66%	-14.74%	506.78%	-59.40%	11.04%	-108.75%	157.76%	-93.47%
Effective Tax Rate	0.00%	0.00%	16.90%	0.00%	0.00%	0.00%	0.00%	67.64%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.35%	-7.63%	3.22%	2.59%	1.23%	-0.48%	0.96%	0.72%	0.67%	-2.82%	0.59%
ROIC Less NNEP Spread (ROIC-NNEP)	0.53%	-10.38%	-0.54%	-0.61%	0.44%	-1.36%	0.01%	0.42%	0.04%	-3.91%	-0.01%
Return on Net Nonoperating Assets (RNNOA)	0.42%	-9.24%	-0.10%	-0.59%	0.38%	-1.26%	0.01%	0.44%	0.04%	-4.64%	-0.01%
Return on Equity (ROE)	1.77%	-16.87%	3.12%	2.00%	1.61%	-1.74%	0.97%	1.16%	0.71%	-7.45%	0.58%
Cash Return on Invested Capital (CROIC)	2.34%	5.32%	-114.73%	6.86%	1.91%	4.09%	0.30%	-3.44%	-3.52%	-6.11%	-4.23%
Operating Return on Assets (OROA)	1.71%	-9.49%	2.33%	-1.65%	1.55%	-0.44%	1.26%	2.20%	0.80%	-3.44%	1.13%
Return on Assets (ROA)	-0.11%	-11.18%	0.49%	-3.25%	-0.19%	-1.87%	-0.88%	0.08%	-0.56%	-4.43%	-0.71%
Return on Common Equity (ROCE)	1.76%	-16.80%	3.10%	1.99%	1.60%	-1.73%	0.96%	1.15%	0.70%	-7.38%	0.57%
Return on Equity Simple (ROE_SIMPLE)	-2.71%	0.00%	-9.04%	-8.22%	-8.46%	0.00%	-3.79%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	23	-136	35	44	21	-7.96	16	12	12	-49	10
NOPAT Margin	3.46%	-20.02%	5.23%	6.71%	3.13%	-1.19%	2.47%	1.87%	1.77%	-7.37%	1.59%
Net Nonoperating Expense Percent (NNEP)	0.82%	2.75%	3.75%	3.20%	0.79%	0.88%	0.94%	0.30%	0.63%	1.09%	0.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.98%	-	-	-	-0.12%	0.23%	0.17%	0.17%	-0.67%	0.14%
Cost of Revenue to Revenue	71.69%	69.11%	68.29%	67.40%	68.97%	68.31%	67.27%	67.48%	69.11%	67.07%	68.96%
SG&A Expenses to Revenue	7.84%	8.50%	9.84%	9.00%	9.44%	9.99%	11.01%	10.28%	10.70%	9.47%	11.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.37%	59.50%	25.42%	23.01%	26.56%	33.40%	29.20%	26.75%	28.37%	43.46%	28.77%
Earnings before Interest and Taxes (EBIT)	34	-193	46	-33	31	-8.59	24	43	16	-69	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	125	-97	140	58	122	83	114	142	115	33	117
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.02	2.29	1.96	2.10	2.38	1.85	1.91	1.52	1.15	1.27	1.16
Price to Tangible Book Value (P/TBV)	3.96	4.30	3.68	4.07	4.72	3.67	4.01	3.28	2.53	2.96	2.76
Price to Revenue (P/Rev)	2.93	3.10	2.63	2.71	3.00	2.28	2.32	1.81	1.34	1.41	1.25
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	2.99%	3.01%	3.56%	3.45%	3.11%	4.11%	4.15%	5.41%	7.43%	7.15%	8.03%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.69	1.51	1.57	1.69	1.42	1.43	1.23	1.06	1.11	1.06
Enterprise Value to Revenue (EV/Rev)	4.00	4.28	3.83	3.92	4.26	3.53	3.70	3.28	2.87	3.00	2.91
Enterprise Value to EBITDA (EV/EBITDA)	28.02	65.52	52.51	46.52	51.35	23.39	25.88	24.59	22.02	19.31	18.66
Enterprise Value to EBIT (EV/EBIT)	236.81	0.00	0.00	0.00	0.00	262.32	738.59	0.00	0.00	551.13	614.35
Enterprise Value to NOPAT (EV/NOPAT)	130.43	0.00	0.00	0.00	0.00	108.33	133.27	155.97	156.99	1,540.58	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	35.03	31.28	26.39	21.74	27.02	22.83	25.62	23.60	19.10	21.69	20.49
Enterprise Value to Free Cash Flow (EV/FCFF)	66.80	30.70	0.00	22.05	87.29	34.33	483.12	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.89	0.91	0.95	1.02	1.02	1.15	1.26	1.31	1.46	1.52
Long-Term Debt to Equity	0.76	0.89	0.91	0.95	1.02	1.02	1.15	1.26	1.31	1.46	1.52
Financial Leverage	0.79	0.89	0.18	0.96	0.86	0.93	0.99	1.06	1.13	1.19	1.29
Leverage Ratio	2.06	2.15	2.17	2.27	2.17	2.25	2.29	2.40	2.47	2.55	2.62
Compound Leverage Factor	-0.17	2.54	0.55	4.64	-0.32	11.39	-1.36	0.27	-2.69	4.02	-2.45
Debt to Total Capital	43.11%	47.23%	47.59%	48.67%	50.47%	50.56%	53.43%	55.70%	56.78%	59.41%	60.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	43.11%	47.23%	47.59%	48.67%	50.47%	50.56%	53.43%	55.70%	56.78%	59.41%	60.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.24%	0.27%	0.29%	0.32%	0.34%	0.39%	0.41%	0.45%	0.53%	0.52%	0.54%
Common Equity to Total Capital	56.65%	52.51%	52.12%	51.01%	49.19%	49.05%	46.16%	43.86%	42.69%	40.07%	39.16%
Debt to EBITDA	7.71	18.61	16.83	14.60	15.56	8.41	9.81	11.33	11.86	10.59	10.71
Net Debt to EBITDA	7.47	18.04	16.33	14.22	15.09	8.20	9.59	10.94	11.66	10.15	10.51
Long-Term Debt to EBITDA	7.71	18.61	16.83	14.60	15.56	8.41	9.81	11.33	11.86	10.59	10.71
Debt to NOPAT	35.88	-42.90	-47.27	-83.73	-83.81	38.96	50.53	71.85	84.58	844.52	-8,949.64
Net Debt to NOPAT	34.80	-41.60	-45.86	-81.55	-81.27	37.95	49.36	69.36	83.13	809.75	-8,786.10
Long-Term Debt to NOPAT	35.88	-42.90	-47.27	-83.73	-83.81	38.96	50.53	71.85	84.58	844.52	-8,949.64
Altman Z-Score	1.22	1.06	0.99	0.93	1.02	0.72	0.69	0.47	0.28	0.24	0.20
Noncontrolling Interest Sharing Ratio	0.38%	0.44%	0.49%	0.52%	0.55%	0.64%	0.71%	0.81%	0.94%	1.02%	1.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.95	0.86	0.91	0.83	0.92	0.72	0.81	0.81	0.71	0.88	0.75
Quick Ratio	0.95	0.86	0.91	0.83	0.92	0.72	0.81	0.81	0.71	0.88	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	102	313	-4,860	559	193	179	-37	-277	-279	-470	-284
Operating Cash Flow to CapEx	183.63%	227.58%	168.76%	216.31%	53.23%	154.67%	26.87%	77.01%	56.21%	91.73%	37.16%
Free Cash Flow to Firm to Interest Expense	2.83	8.95	-145.37	16.85	5.60	5.23	-1.03	-7.25	-8.22	-11.89	-6.85
Operating Cash Flow to Interest Expense	3.05	4.95	1.85	4.12	1.47	4.75	0.84	3.15	2.33	3.30	0.96
Operating Cash Flow Less CapEx to Interest Expense	1.39	2.78	0.76	2.21	-1.29	1.68	-2.28	-0.94	-1.81	-0.30	-1.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.33	0.34	0.33	0.34	0.34	0.34	0.33	0.33	0.33	0.33
Accounts Receivable Turnover	6.27	6.25	6.52	5.98	6.06	6.56	6.69	6.59	6.29	6.89	6.93
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.53	0.53	0.00	0.53	0.52	0.53	0.52	0.50	0.50	0.50	0.49
Accounts Payable Turnover	3.86	3.38	3.76	3.37	3.43	3.11	3.48	3.10	3.12	2.99	3.34
Days Sales Outstanding (DSO)	58.22	58.44	56.01	61.08	60.27	55.64	54.56	55.41	58.00	52.99	52.67
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	94.51	108.03	97.07	108.43	106.38	117.55	104.93	117.79	116.96	121.93	109.31
Cash Conversion Cycle (CCC)	-36.29	-49.59	-41.06	-47.35	-46.11	-61.91	-50.37	-62.39	-58.95	-68.94	-56.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,918	6,788	6,774	6,673	6,746	6,601	6,826	6,963	7,037	7,022	7,121
Invested Capital Turnover	0.39	0.38	0.62	0.39	0.39	0.40	0.39	0.38	0.38	0.38	0.37
Increase / (Decrease) in Invested Capital	-79	-449	4,894	-515	-172	-187	53	290	291	421	294
Enterprise Value (EV)	10,871	11,452	10,202	10,480	11,409	9,404	9,739	8,584	7,489	7,801	7,566
Market Capitalization	7,954	8,279	7,010	7,254	8,033	6,083	6,103	4,735	3,486	3,663	3,265
Book Value per Share	$14.54	$12.75	$12.62	$12.14	$11.86	$11.54	$11.22	$10.94	$10.65	$10.13	$9.90
Tangible Book Value per Share	$7.44	$6.79	$6.72	$6.28	$5.99	$5.83	$5.36	$5.08	$4.84	$4.34	$4.16
Total Capital	6,937	6,887	6,872	6,759	6,851	6,689	6,912	7,100	7,106	7,199	7,200
Total Debt	2,990	3,252	3,270	3,289	3,458	3,382	3,693	3,955	4,035	4,276	4,341
Total Long-Term Debt	2,990	3,252	3,270	3,289	3,458	3,382	3,693	3,955	4,035	4,276	4,341
Net Debt	2,900	3,154	3,172	3,204	3,353	3,294	3,607	3,818	3,966	4,100	4,262
Capital Expenditures (CapEx)	60	76	37	63	95	105	112	156	140	142	107
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-77	-143	-106	-142	-107	-216	-136	-213	-202	-206	-176
Debt-free Net Working Capital (DFNWC)	-23	-82	-47	-98	-46	-169	-97	-112	-168	-69	-136
Net Working Capital (NWC)	-23	-82	-47	-98	-46	-169	-97	-112	-168	-69	-136
Net Nonoperating Expense (NNE)	25	91	25	109	25	28	32	11	23	40	24
Net Nonoperating Obligations (NNO)	2,971	3,154	3,172	3,204	3,353	3,294	3,607	3,818	3,966	4,100	4,262
Total Depreciation and Amortization (D&A)	91	95	93	91	91	91	90	99	98	102	96
Debt-free, Cash-free Net Working Capital to Revenue	-2.84%	-5.34%	-4.00%	-5.30%	-4.00%	-8.12%	-5.16%	-8.14%	-7.73%	-7.90%	-6.75%
Debt-free Net Working Capital to Revenue	-0.86%	-3.08%	-1.77%	-3.65%	-1.71%	-6.33%	-3.68%	-4.27%	-6.45%	-2.64%	-5.22%
Net Working Capital to Revenue	-0.86%	-3.08%	-1.77%	-3.65%	-1.71%	-6.33%	-3.68%	-4.27%	-6.45%	-2.64%	-5.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	($0.81)	$0.03	($0.23)	($0.01)	($0.12)	($0.06)	$0.01	($0.04)	($0.31)	($0.05)
Adjusted Weighted Average Basic Shares Outstanding	278.14M	275.77M	284.64M	284.68M	284.86M	284.78M	285.36M	285.60M	285.90M	285.74M	286.26M
Adjusted Diluted Earnings per Share	($0.01)	($0.81)	$0.03	($0.23)	($0.01)	($0.12)	($0.06)	$0.01	($0.04)	($0.31)	($0.05)
Adjusted Weighted Average Diluted Shares Outstanding	278.14M	275.77M	284.88M	284.68M	284.86M	284.78M	285.36M	285.79M	285.90M	285.74M	286.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	283.52M	283.78M	284.04M	284.16M	284.26M	284.39M	284.73M	284.80M	284.85M	284.88M	285.31M
Normalized Net Operating Profit after Tax (NOPAT)	23	-136	32	44	21	-7.96	16	22	12	-9.37	8.46
Normalized NOPAT Margin	3.47%	-20.02%	4.79%	6.71%	3.13%	-1.19%	2.47%	3.34%	1.79%	-1.42%	1.34%
Pre Tax Income Margin	-0.42%	-33.48%	1.77%	-10.12%	-0.68%	-6.53%	-2.22%	0.74%	-2.67%	-16.53%	-3.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.93	-5.51	1.38	-0.99	0.90	-0.25	0.65	1.13	0.48	-1.75	0.52
NOPAT to Interest Expense	0.64	-3.89	1.04	1.34	0.61	-0.23	0.43	0.32	0.35	-1.23	0.24
EBIT Less CapEx to Interest Expense	-0.73	-7.69	0.28	-2.89	-1.86	-3.32	-2.46	-2.95	-3.66	-5.34	-2.06
NOPAT Less CapEx to Interest Expense	-1.02	-6.07	-0.06	-0.57	-2.15	-3.30	-2.68	-3.77	-3.79	-4.82	-2.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-224.05%	-72.03%	-75.70%	-87.69%	-88.32%	-266.09%	-208.62%	-464.12%	-412.01%	-226.73%	-234.73%
Augmented Payout Ratio	-224.05%	-72.03%	-75.70%	-87.69%	-88.32%	-266.09%	-208.62%	-464.12%	-412.01%	-226.73%	-234.73%

Financials Breakdown Chart

Key Financial Trends

Here are key trends for Americold Realty Trust (NYSE:COLD) based on the last four years of quarterly statements provided. The bullets highlight notable positive, neutral, and negative factors that retail investors may consider when assessing the stock's trajectory and risk profile.

Operating cash flow from continuing operations was positive in every 2025 quarter, ranging roughly from $30.2M (Q1) to $130.2M (Q4), signaling solid cash generation even when earnings swing.
Operating income turned positive in Q3 2025, at about $16.75M, indicating an improvement in core profitability versus earlier quarters.
Capital expenditure remains sizable and ongoing, with quarterly purchases of property, plant and equipment typically in the $112M–$178M range, supporting capacity expansion.
Debt issuance occurred across multiple 2025 quarters, providing liquidity to fund ongoing capex and operations (e.g., debt issuances in early and mid-2025).
Revenue has been relatively stable in the mid-$650M range across 2024–2025, suggesting a steady operating base despite earnings volatility.
Total assets sit around $8.0B while total liabilities are near $5.0B and total equity about $3.0B, implying a moderate leverage footprint and a sizable asset base backing the business.
Dividends have been consistently paid each quarter (roughly $63–$66M per quarter), which provides ongoing income for shareholders and may support stock appeal for income-focused investors.
Net income attributable to common shareholders has been negative in most 2025 quarters (e.g., Q4 2025: -$88.3M; Q3 2025: -$11.4M), indicating ongoing profitability challenges despite cash-flow generation.
Interest expense runs high (roughly $33–$39M per quarter in 2025), which continues to weigh on pretax and net results and heightens sensitivity to financing costs.
Free cash flow has been pressured in several periods because capex and investing outlays have outweighed operating cash flow in certain quarters, limiting immediate cash available for other uses.

05/09/26 12:08 PM ETAI Generated. May Contain Errors.

Americold Realty Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Americold Realty Trust's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Americold Realty Trust's net income appears to be on an upward trend, with a most recent value of -$115.28 million in 2025, falling from $4.93 million in 2016. The previous period was -$94.75 million in 2024. Find out what analysts predict for Americold Realty Trust in the coming months.

Americold Realty Trust's total operating income in 2025 was $7.23 million, based on the following breakdown:

Total Gross Profit: $839.39 million
Total Operating Expenses: $832.15 million

Over the last 9 years, Americold Realty Trust's total revenue changed from $1.49 billion in 2016 to $2.60 billion in 2025, a change of 74.6%.

Americold Realty Trust's total liabilities were at $5.20 billion at the end of 2025, a 17.4% increase from 2024, and a 135.4% increase since 2017.

In the past 8 years, Americold Realty Trust's cash and equivalents has ranged from $0.00 in 2019 to $621.05 million in 2020, and is currently $136.86 million as of their latest financial filing in 2025.

Over the last 9 years, Americold Realty Trust's book value per share changed from 0.00 in 2016 to 10.13 in 2025, a change of 1,012.6%.

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Financial statements for NYSE:COLD last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Americold Realty Trust (COLD) Financials

Annual Income Statements for Americold Realty Trust

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Americold Realty Trust Financials - Frequently Asked Questions

When does Americold Realty Trust's fiscal year end?

How has Americold Realty Trust's net income changed over the last 9 years?

What is Americold Realty Trust's operating income?

How has Americold Realty Trust's revenue changed over the last 9 years?

How much debt does Americold Realty Trust have?

How much cash does Americold Realty Trust have?

How has Americold Realty Trust's book value per share changed over the last 9 years?

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