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Americold Realty Trust (COLD) Financials

Americold Realty Trust logo
$14.23 +0.01 (+0.07%)
As of 09/4/2026 03:58 PM Eastern
Annual Income Statements for Americold Realty Trust

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

Quarterly Income Statements for Americold Realty Trust

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders
-227 9.74 -64 -3.73 -36 -16 1.54 -11 -88 -14 -343
Consolidated Net Income / (Loss)
-227 9.80 -64 -3.73 -36 -16 1.55 -11 -89 -14 -346
Net Income / (Loss) Continuing Operations
-227 9.80 -64 -3.73 -36 -16 1.55 -11 -89 -14 -346
Total Pre-Tax Income
-227 12 -67 -4.56 -44 -14 4.79 -18 -109 -20 -324
Total Operating Income
-194 42 63 27 -11 22 38 17 -69 14 -288
Total Gross Profit
210 211 215 209 211 206 212 205 217 196 213
Total Revenue
679 665 661 674 666 629 651 664 658 630 663
Operating Revenue
679 665 661 674 666 629 651 664 658 630 663
Total Cost of Revenue
469 454 445 465 455 423 439 459 442 434 450
Operating Cost of Revenue
469 454 445 465 455 423 439 459 442 434 450
Total Operating Expenses
404 169 152 182 223 184 174 188 286 181 501
Selling, General & Admin Expense
58 65 59 64 67 69 67 71 62 71 63
Depreciation Expense
94 92 90 89 90 89 90 88 100 92 103
Other Operating Expenses / (Income)
16 15 3.01 26 33 25 23 29 26 20 28
Impairment Charge
- - 0.00 2.95 - - 5.23 0.08 - - 310
Other Special Charges / (Income)
0.01 -3.51 0.00 0.00 - 0.00 -12 0.14 56 -2.21 -3.32
Total Other Income / (Expense), net
-33 -30 -130 -32 -32 -36 -33 -34 -40 -35 -36
Interest Expense
35 33 144 34 34 36 38 34 39 42 42
Interest & Investment Income
0.17 -0.95 -1.03 -1.04 -0.68 -1.36 -0.34 -0.04 -0.37 -0.41 -0.52
Other Income / (Expense), net
1.68 4.34 15 3.72 2.78 1.30 5.78 -0.48 0.33 7.38 6.93
Income Tax Expense
-0.60 1.99 -2.50 -0.83 -7.10 2.51 3.24 -6.25 -20 -6.57 23
Net Income / (Loss) Attributable to Noncontrolling Interest
0.04 0.06 -0.30 -0.00 -0.19 -0.09 0.01 -0.08 -0.57 -0.14 -3.65
Basic Earnings per Share
($0.81) $0.03 ($0.23) ($0.01) ($0.12) ($0.06) $0.01 ($0.04) ($0.31) ($0.05) ($1.19)
Weighted Average Basic Shares Outstanding
275.77M 284.64M 284.68M 284.86M 284.78M 285.36M 285.60M 285.90M 285.74M 286.26M 286.88M
Diluted Earnings per Share
($0.81) $0.03 ($0.23) ($0.01) ($0.12) ($0.06) $0.01 ($0.04) ($0.31) ($0.05) ($1.19)
Weighted Average Diluted Shares Outstanding
275.77M 284.88M 284.68M 284.86M 284.78M 285.36M 285.79M 285.90M 285.74M 286.26M 286.88M
Weighted Average Basic & Diluted Shares Outstanding
283.78M 284.04M 284.16M 284.26M 284.39M 284.73M 284.80M 284.85M 284.88M 285.31M 285.48M

Annual Cash Flow Statements for Americold Realty Trust

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

Quarterly Cash Flow Statements for Americold Realty Trust

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents
4.90 0.20 -18 19 -9.14 -9.63 59 -67 103 -98 1.08
Net Cash From Operating Activities
173 62 137 51 163 30 120 79 130 40 100
Net Cash From Continuing Operating Activities
173 62 137 51 163 30 120 79 130 40 100
Net Income / (Loss) Continuing Operations
-227 9.80 -64 -3.73 -36 -16 1.55 -11 -89 -14 -346
Consolidated Net Income / (Loss)
-227 9.80 -64 -3.73 -36 -16 1.55 -11 -89 -14 -346
Depreciation Expense
94 92 90 89 90 89 90 88 100 92 103
Amortization Expense
1.29 1.29 1.29 1.30 1.45 3.51 8.39 10 2.41 4.11 4.21
Non-Cash Adjustments To Reconcile Net Income
249 24 129 19 63 20 9.83 22 113 16 322
Changes in Operating Assets and Liabilities, net
56 -65 -19 -56 45 -66 10 -30 3.47 -58 18
Net Cash From Investing Activities
-99 -39 -70 -97 -107 -227 -142 -142 -147 -126 -90
Net Cash From Continuing Investing Activities
-99 -39 -70 -97 -107 -227 -142 -142 -147 -126 -90
Purchase of Property, Plant & Equipment
-76 -46 -63 -95 -105 -113 -178 -144 -142 -110 -140
Sale of Property, Plant & Equipment
0.16 9.02 0.16 0.08 0.07 0.13 21 3.88 0.41 2.70 27
Net Cash From Financing Activities
-69 -22 -85 65 -65 187 80 -3.92 120 -12 -9.31
Net Cash From Continuing Financing Activities
-69 -22 -85 65 -65 187 80 -3.92 120 -12 -9.31
Repayment of Debt
-153 -138 -250 -529 -68 -37 -280 -78 -220 -425 -313
Payment of Dividends
-63 -63 -63 -63 -63 -63 -66 -66 -66 -66 -66
Issuance of Debt
171 200 402 657 68 287 428 142 421 480 371
Other Financing Activities, net
-24 -23 -173 -0.77 -1.58 -1.29 -1.04 -1.38 -16 -0.67 -1.19
Cash Interest Paid
18 28 35 47 12 55 9.81 48 26 58 27
Cash Income Taxes Paid
0.35 2.37 1.60 1.94 0.80 0.95 3.03 1.25 0.62 -0.10 3.06

Annual Balance Sheets for Americold Realty Trust

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

Quarterly Balance Sheets for Americold Realty Trust

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets
8,072 8,216 8,014 7,788 7,802 7,885 7,825 8,090 8,081 8,084 7,811
Total Current Assets
410 621 478 467 473 522 418 468 402 412 438
Cash & Equivalents
- 49 54 59 44 61 39 101 33 40 40
Accounts Receivable
410 466 425 407 429 460 379 366 369 372 397
Plant, Property, & Equipment, net
-84 5,062 5,286 5,042 5,031 5,088 5,152 5,351 5,419 5,405 5,120
Plant, Property & Equipment, gross
- 7,141 7,482 7,302 7,361 7,501 7,685 7,968 8,096 8,120 7,911
Accumulated Depreciation
84 2,134 2,267 2,259 2,331 2,413 2,534 2,617 2,676 2,716 2,791
Total Noncurrent Assets
2,544 2,588 2,320 2,279 2,299 2,276 2,256 2,271 2,259 2,267 2,253
Long-Term Investments
- - 36 39 41 43 47 36 36 40 16
Noncurrent Note & Lease Receivables
85 86 151 101 106 99 115 122 137 166 177
Goodwill
1,031 1,036 1,023 791 791 793 832 828 827 828 827
Intangible Assets
919 914 897 885 875 874 835 840 828 807 797
Other Noncurrent Operating Assets
510 551 213 464 486 467 427 445 431 426 436
Total Liabilities & Shareholders' Equity
8,072 8,216 8,014 7,788 7,802 7,885 7,825 8,090 8,081 8,084 7,811
Total Liabilities
4,350 4,626 4,067 4,187 4,333 4,492 4,606 4,944 5,010 5,225 5,360
Total Current Liabilities
480 527 502 514 571 567 515 580 571 548 600
Accounts Payable
480 527 502 514 571 567 515 580 571 548 600
Total Noncurrent Liabilities
3,871 4,099 3,565 3,673 3,762 3,925 4,092 4,365 4,439 4,677 4,760
Long-Term Debt
3,191 3,314 2,920 3,035 3,194 3,369 3,584 3,838 3,903 4,183 4,242
Capital Lease Obligations
169 167 70 235 96 89 109 116 132 159 172
Noncurrent Deferred Revenue
33 31 30 29 27 26 23 22 23 21 23
Noncurrent Deferred & Payable Income Tax Liabilities
132 133 126 134 130 131 119 128 120 93 110
Other Noncurrent Operating Liabilities
336 332 417 240 316 310 257 261 261 222 214
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
3,721 3,590 3,947 3,601 3,470 3,393 3,219 3,145 3,071 2,859 2,451
Total Preferred & Common Equity
3,705 3,575 3,930 3,581 3,448 3,370 3,190 3,114 3,033 2,820 2,415
Total Common Equity
3,705 3,575 3,930 3,581 3,448 3,370 3,190 3,114 3,033 2,820 2,415
Common Stock
5,201 5,207 5,625 5,635 5,638 5,645 5,656 5,660 5,663 5,673 5,677
Retained Earnings
-1,477 -1,642 -1,707 -2,049 -2,176 -2,243 -2,424 -2,488 -2,565 -2,799 -3,208
Accumulated Other Comprehensive Income / (Loss)
-18 10 11 -4.53 -14 -33 -42 -58 -65 -55 -54
Noncontrolling Interest
16 15 17 20 22 23 29 32 38 39 37

Annual Metrics And Ratios for Americold Realty Trust

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%

Quarterly Metrics And Ratios for Americold Realty Trust

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding
- - - - - - - - - 284,879,678.00 285,306,052.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 284,879,678.00 285,306,052.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - -0.05 -1.20
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-5.85% -1.70% 1.75% 0.93% -1.89% -5.41% -1.54% -1.56% -1.20% 0.14% 1.87%
EBITDA Growth
-181.19% 16.25% 113.77% -2.50% 184.91% -18.39% -16.10% -7.19% -62.89% 1.24% -224.01%
EBIT Growth
-616.16% 36.69% 44.52% -8.23% 95.54% -49.08% -44.39% -47.42% -2,066.47% -7.83% -747.70%
NOPAT Growth
-342.91% 53.50% 206.61% -8.55% 94.15% -55.26% -72.57% -38.47% -723.97% -35.68% -1,756.20%
Net Income Growth
-7,775.13% 481.25% 38.54% -78.10% 83.95% -268.06% 102.41% -206.70% -144.20% 16.88% -22,452.26%
EPS Growth
-8,200.00% 400.00% 41.03% 0.00% 85.19% -300.00% 104.35% -300.00% -158.33% 16.67% -12,000.00%
Operating Cash Flow Growth
47.67% 49.44% 231.02% -54.17% -5.98% -51.28% -11.97% 55.92% -19.92% 32.00% -16.78%
Free Cash Flow Firm Growth
225.66% -191.92% 270.45% 88.38% -42.73% 99.23% -149.62% -245.98% -359.15% -660.89% 83.04%
Invested Capital Growth
-6.20% 260.47% -7.16% -2.49% -2.76% 0.78% 4.34% 4.31% 6.38% 4.31% -2.22%
Revenue Q/Q Growth
1.70% -2.11% -0.61% 2.00% -1.15% -5.62% 3.46% 1.98% -0.79% -4.34% 5.24%
EBITDA Q/Q Growth
-177.97% 242.61% -58.26% 108.77% -32.10% 37.94% 24.87% -19.46% -70.92% 252.62% -247.95%
EBIT Q/Q Growth
-671.24% 124.05% -170.80% 194.67% -127.74% 373.88% 84.45% -62.48% -524.00% 131.41% -1,396.11%
NOPAT Q/Q Growth
-688.85% 125.55% 27.61% -52.38% -137.67% 295.45% -21.78% -3.61% -513.88% 120.61% -2,114.23%
Net Income Q/Q Growth
-10,720.61% 104.32% -757.10% 94.20% -875.33% 54.76% 109.41% -838.65% -676.57% 84.60% -2,430.38%
EPS Q/Q Growth
-8,000.00% 103.70% -866.67% 95.65% -1,100.00% 50.00% 116.67% -500.00% -675.00% 83.87% -2,280.00%
Operating Cash Flow Q/Q Growth
56.59% -64.16% 120.47% -62.97% 221.27% -81.43% 298.37% -34.41% 65.00% -69.38% 151.16%
Free Cash Flow Firm Q/Q Growth
205.16% -1,123.70% 111.50% -65.46% -7.23% -120.86% -642.26% -0.54% -68.39% 39.45% 83.45%
Invested Capital Q/Q Growth
-1.87% 2.22% -1.48% 1.09% -2.14% 3.41% 2.00% 1.06% -0.20% 1.40% -4.39%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
30.89% 31.71% 32.60% 31.03% 31.69% 32.73% 32.53% 30.89% 32.93% 31.04% 32.08%
EBITDA Margin
-14.32% 20.99% 8.81% 18.04% 12.39% 18.11% 21.86% 17.26% 5.06% 18.65% -26.21%
Operating Margin
-28.61% 6.29% 9.59% 4.48% -1.71% 3.53% 5.78% 2.52% -10.53% 2.27% -43.42%
EBIT Margin
-28.36% 6.94% -4.95% 4.59% -1.29% 3.74% 6.66% 2.45% -10.48% 3.44% -42.38%
Profit (Net Income) Margin
-33.39% 1.47% -9.74% -0.55% -5.46% -2.62% 0.24% -1.73% -13.50% -2.17% -52.27%
Tax Burden Percent
99.74% 83.10% 96.27% 81.85% 83.69% 117.94% 32.36% 64.69% 81.68% 67.59% 107.02%
Interest Burden Percent
118.04% 25.55% 204.66% -14.74% 506.78% -59.40% 11.04% -108.75% 157.76% -93.47% 115.24%
Effective Tax Rate
0.00% 16.90% 0.00% 0.00% 0.00% 0.00% 67.64% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-7.63% 3.22% 2.59% 1.23% -0.48% 0.96% 0.72% 0.67% -2.82% 0.59% -11.54%
ROIC Less NNEP Spread (ROIC-NNEP)
-10.38% -0.54% -0.61% 0.44% -1.36% 0.01% 0.42% 0.04% -3.91% -0.01% -15.09%
Return on Net Nonoperating Assets (RNNOA)
-9.24% -0.10% -0.59% 0.38% -1.26% 0.01% 0.44% 0.04% -4.64% -0.01% -22.04%
Return on Equity (ROE)
-16.87% 3.12% 2.00% 1.61% -1.74% 0.97% 1.16% 0.71% -7.45% 0.58% -33.58%
Cash Return on Invested Capital (CROIC)
5.32% -114.73% 6.86% 1.91% 4.09% 0.30% -3.44% -3.52% -6.11% -4.23% -1.07%
Operating Return on Assets (OROA)
-9.49% 2.33% -1.65% 1.55% -0.44% 1.26% 2.20% 0.80% -3.44% 1.13% -13.94%
Return on Assets (ROA)
-11.18% 0.49% -3.25% -0.19% -1.87% -0.88% 0.08% -0.56% -4.43% -0.71% -17.19%
Return on Common Equity (ROCE)
-16.80% 3.10% 1.99% 1.60% -1.73% 0.96% 1.15% 0.70% -7.38% 0.57% -33.18%
Return on Equity Simple (ROE_SIMPLE)
0.00% -9.04% -8.22% -8.46% 0.00% -3.79% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-136 35 44 21 -7.96 16 12 12 -49 10 -201
NOPAT Margin
-20.02% 5.23% 6.71% 3.13% -1.19% 2.47% 1.87% 1.77% -7.37% 1.59% -30.39%
Net Nonoperating Expense Percent (NNEP)
2.75% 3.75% 3.20% 0.79% 0.88% 0.94% 0.30% 0.63% 1.09% 0.60% 3.55%
Return On Investment Capital (ROIC_SIMPLE)
-1.98% - - - -0.12% 0.23% 0.17% 0.17% -0.67% 0.14% -2.94%
Cost of Revenue to Revenue
69.11% 68.29% 67.40% 68.97% 68.31% 67.27% 67.48% 69.11% 67.07% 68.96% 67.92%
SG&A Expenses to Revenue
8.50% 9.84% 9.00% 9.44% 9.99% 11.01% 10.28% 10.70% 9.47% 11.32% 9.48%
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
59.50% 25.42% 23.01% 26.56% 33.40% 29.20% 26.75% 28.37% 43.46% 28.77% 75.51%
Earnings before Interest and Taxes (EBIT)
-193 46 -33 31 -8.59 24 43 16 -69 22 -281
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-97 140 58 122 83 114 142 115 33 117 -174
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.29 1.96 2.10 2.38 1.85 1.91 1.52 1.15 1.27 1.16 1.86
Price to Tangible Book Value (P/TBV)
4.30 3.68 4.07 4.72 3.67 4.01 3.28 2.53 2.96 2.76 5.67
Price to Revenue (P/Rev)
3.10 2.63 2.71 3.00 2.28 2.32 1.81 1.34 1.41 1.25 1.72
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
3.01% 3.56% 3.45% 3.11% 4.11% 4.15% 5.41% 7.43% 7.15% 8.03% 5.85%
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)
1.69 1.51 1.57 1.69 1.42 1.43 1.23 1.06 1.11 1.06 1.30
Enterprise Value to Revenue (EV/Rev)
4.28 3.83 3.92 4.26 3.53 3.70 3.28 2.87 3.00 2.91 3.40
Enterprise Value to EBITDA (EV/EBITDA)
65.52 52.51 46.52 51.35 23.39 25.88 24.59 22.02 19.31 18.66 96.99
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 262.32 738.59 0.00 0.00 551.13 614.35 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 108.33 133.27 155.97 156.99 1,540.58 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
31.28 26.39 21.74 27.02 22.83 25.62 23.60 19.10 21.69 20.49 25.43
Enterprise Value to Free Cash Flow (EV/FCFF)
30.70 0.00 22.05 87.29 34.33 483.12 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.89 0.91 0.95 1.02 1.02 1.15 1.26 1.31 1.46 1.52 1.80
Long-Term Debt to Equity
0.89 0.91 0.95 1.02 1.02 1.15 1.26 1.31 1.46 1.52 1.80
Financial Leverage
0.89 0.18 0.96 0.86 0.93 0.99 1.06 1.13 1.19 1.29 1.46
Leverage Ratio
2.15 2.17 2.27 2.17 2.25 2.29 2.40 2.47 2.55 2.62 2.84
Compound Leverage Factor
2.54 0.55 4.64 -0.32 11.39 -1.36 0.27 -2.69 4.02 -2.45 3.27
Debt to Total Capital
47.23% 47.59% 48.67% 50.47% 50.56% 53.43% 55.70% 56.78% 59.41% 60.30% 64.30%
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
47.23% 47.59% 48.67% 50.47% 50.56% 53.43% 55.70% 56.78% 59.41% 60.30% 64.30%
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
0.27% 0.29% 0.32% 0.34% 0.39% 0.41% 0.45% 0.53% 0.52% 0.54% 0.53%
Common Equity to Total Capital
52.51% 52.12% 51.01% 49.19% 49.05% 46.16% 43.86% 42.69% 40.07% 39.16% 35.17%
Debt to EBITDA
18.61 16.83 14.60 15.56 8.41 9.81 11.33 11.86 10.59 10.71 48.21
Net Debt to EBITDA
18.04 16.33 14.22 15.09 8.20 9.59 10.94 11.66 10.15 10.51 47.60
Long-Term Debt to EBITDA
18.61 16.83 14.60 15.56 8.41 9.81 11.33 11.86 10.59 10.71 48.21
Debt to NOPAT
-42.90 -47.27 -83.73 -83.81 38.96 50.53 71.85 84.58 844.52 -8,949.64 -19.33
Net Debt to NOPAT
-41.60 -45.86 -81.55 -81.27 37.95 49.36 69.36 83.13 809.75 -8,786.10 -19.09
Long-Term Debt to NOPAT
-42.90 -47.27 -83.73 -83.81 38.96 50.53 71.85 84.58 844.52 -8,949.64 -19.33
Altman Z-Score
1.06 0.99 0.93 1.02 0.72 0.69 0.47 0.28 0.24 0.20 0.12
Noncontrolling Interest Sharing Ratio
0.44% 0.49% 0.52% 0.55% 0.64% 0.71% 0.81% 0.94% 1.02% 1.11% 1.22%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.86 0.91 0.83 0.92 0.72 0.81 0.81 0.71 0.88 0.75 0.73
Quick Ratio
0.86 0.91 0.83 0.92 0.72 0.81 0.81 0.71 0.88 0.75 0.73
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
313 -4,860 559 193 179 -37 -277 -279 -470 -284 -47
Operating Cash Flow to CapEx
227.58% 168.76% 216.31% 53.23% 154.67% 26.87% 77.01% 56.21% 91.73% 37.16% 88.51%
Free Cash Flow to Firm to Interest Expense
8.95 -145.37 16.85 5.60 5.23 -1.03 -7.25 -8.22 -11.89 -6.85 -1.11
Operating Cash Flow to Interest Expense
4.95 1.85 4.12 1.47 4.75 0.84 3.15 2.33 3.30 0.96 2.37
Operating Cash Flow Less CapEx to Interest Expense
2.78 0.76 2.21 -1.29 1.68 -2.28 -0.94 -1.81 -0.30 -1.62 -0.31
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.33 0.34 0.33 0.34 0.34 0.34 0.33 0.33 0.33 0.33 0.33
Accounts Receivable Turnover
6.25 6.52 5.98 6.06 6.56 6.69 6.59 6.29 6.89 6.93 6.85
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 0.00 0.53 0.52 0.53 0.52 0.50 0.50 0.50 0.49 0.50
Accounts Payable Turnover
3.38 3.76 3.37 3.43 3.11 3.48 3.10 3.12 2.99 3.34 3.03
Days Sales Outstanding (DSO)
58.44 56.01 61.08 60.27 55.64 54.56 55.41 58.00 52.99 52.67 53.30
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)
108.03 97.07 108.43 106.38 117.55 104.93 117.79 116.96 121.93 109.31 120.58
Cash Conversion Cycle (CCC)
-49.59 -41.06 -47.35 -46.11 -61.91 -50.37 -62.39 -58.95 -68.94 -56.64 -67.28
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
6,788 6,774 6,673 6,746 6,601 6,826 6,963 7,037 7,022 7,121 6,808
Invested Capital Turnover
0.38 0.62 0.39 0.39 0.40 0.39 0.38 0.38 0.38 0.37 0.38
Increase / (Decrease) in Invested Capital
-449 4,894 -515 -172 -187 53 290 291 421 294 -154
Enterprise Value (EV)
11,452 10,202 10,480 11,409 9,404 9,739 8,584 7,489 7,801 7,566 8,879
Market Capitalization
8,279 7,010 7,254 8,033 6,083 6,103 4,735 3,486 3,663 3,265 4,485
Book Value per Share
$12.75 $12.62 $12.14 $11.86 $11.54 $11.22 $10.94 $10.65 $10.13 $9.90 $8.46
Tangible Book Value per Share
$6.79 $6.72 $6.28 $5.99 $5.83 $5.36 $5.08 $4.84 $4.34 $4.16 $2.77
Total Capital
6,887 6,872 6,759 6,851 6,689 6,912 7,100 7,106 7,199 7,200 6,865
Total Debt
3,252 3,270 3,289 3,458 3,382 3,693 3,955 4,035 4,276 4,341 4,414
Total Long-Term Debt
3,252 3,270 3,289 3,458 3,382 3,693 3,955 4,035 4,276 4,341 4,414
Net Debt
3,154 3,172 3,204 3,353 3,294 3,607 3,818 3,966 4,100 4,262 4,357
Capital Expenditures (CapEx)
76 37 63 95 105 112 156 140 142 107 113
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-143 -106 -142 -107 -216 -136 -213 -202 -206 -176 -202
Debt-free Net Working Capital (DFNWC)
-82 -47 -98 -46 -169 -97 -112 -168 -69 -136 -162
Net Working Capital (NWC)
-82 -47 -98 -46 -169 -97 -112 -168 -69 -136 -162
Net Nonoperating Expense (NNE)
91 25 109 25 28 32 11 23 40 24 145
Net Nonoperating Obligations (NNO)
3,154 3,172 3,204 3,353 3,294 3,607 3,818 3,966 4,100 4,262 4,357
Total Depreciation and Amortization (D&A)
95 93 91 91 91 90 99 98 102 96 107
Debt-free, Cash-free Net Working Capital to Revenue
-5.34% -4.00% -5.30% -4.00% -8.12% -5.16% -8.14% -7.73% -7.90% -6.75% -7.74%
Debt-free Net Working Capital to Revenue
-3.08% -1.77% -3.65% -1.71% -6.33% -3.68% -4.27% -6.45% -2.64% -5.22% -6.19%
Net Working Capital to Revenue
-3.08% -1.77% -3.65% -1.71% -6.33% -3.68% -4.27% -6.45% -2.64% -5.22% -6.19%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.81) $0.03 ($0.23) ($0.01) ($0.12) ($0.06) $0.01 ($0.04) ($0.31) ($0.05) ($1.19)
Adjusted Weighted Average Basic Shares Outstanding
275.77M 284.64M 284.68M 284.86M 284.78M 285.36M 285.60M 285.90M 285.74M 286.26M 286.88M
Adjusted Diluted Earnings per Share
($0.81) $0.03 ($0.23) ($0.01) ($0.12) ($0.06) $0.01 ($0.04) ($0.31) ($0.05) ($1.19)
Adjusted Weighted Average Diluted Shares Outstanding
275.77M 284.88M 284.68M 284.86M 284.78M 285.36M 285.79M 285.90M 285.74M 286.26M 286.88M
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
283.78M 284.04M 284.16M 284.26M 284.39M 284.73M 284.80M 284.85M 284.88M 285.31M 285.48M
Normalized Net Operating Profit after Tax (NOPAT)
-136 32 44 21 -7.96 16 22 12 -9.37 8.46 13
Normalized NOPAT Margin
-20.02% 4.79% 6.71% 3.13% -1.19% 2.47% 3.34% 1.79% -1.42% 1.34% 1.95%
Pre Tax Income Margin
-33.48% 1.77% -10.12% -0.68% -6.53% -2.22% 0.74% -2.67% -16.53% -3.22% -48.84%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-5.51 1.38 -0.99 0.90 -0.25 0.65 1.13 0.48 -1.75 0.52 -6.64
NOPAT to Interest Expense
-3.89 1.04 1.34 0.61 -0.23 0.43 0.32 0.35 -1.23 0.24 -4.76
EBIT Less CapEx to Interest Expense
-7.69 0.28 -2.89 -1.86 -3.32 -2.46 -2.95 -3.66 -5.34 -2.06 -9.32
NOPAT Less CapEx to Interest Expense
-6.07 -0.06 -0.57 -2.15 -3.30 -2.68 -3.77 -3.79 -4.82 -2.34 -7.44
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-72.03% -75.70% -87.69% -88.32% -266.09% -208.62% -464.12% -412.01% -226.73% -234.73% -57.40%
Augmented Payout Ratio
-72.03% -75.70% -87.69% -88.32% -266.09% -208.62% -464.12% -412.01% -226.73% -234.73% -57.40%

Financials Breakdown Chart

Key Financial Trends

Americold Realty Trust’s recent financial statements show a business with relatively stable revenue and consistently positive operating cash flow, but also rising leverage, weak liquidity and recurring net losses. Comparisons should be viewed with some caution because several 2023–2025 figures were later restated.

Revenue has been broadly flat. Second-quarter revenue increased from $649.6 million in 2023 to $662.9 million in 2026, a modest gain of about 2%. Revenue in the second quarter of 2026 was up approximately 1.9% from the restated second quarter of 2025. However, revenue remains below the $721.5 million reported in the fourth quarter of 2022, suggesting limited top-line growth across the available period.

Gross profitability has improved compared with 2023, but recent momentum has weakened. The second-quarter gross margin improved from approximately 28.3% in 2023 to 32.1% in 2026. Nevertheless, second-quarter 2026 gross profit increased only slightly year over year to $212.7 million, as operating costs rose faster than revenue. First-quarter 2026 gross profit also declined year over year.

GAAP profitability remains a major concern. Americold recorded net losses attributable to common shareholders in the first and second quarters of 2026, including a $342.8 million loss in the second quarter. The latest loss was driven primarily by a $309.6 million impairment charge. Excluding that charge, the company would have produced positive operating income, but interest expense and other costs would still have left profitability under pressure.

  • Operating cash flow remains positive. Americold generated $100.1 million of operating cash flow in the second quarter of 2026 and $39.9 million in the first quarter. Operating cash flow has been positive in every reported quarter provided, although it has fluctuated significantly with working-capital movements and seasonality.
  • Gross margins are materially better than in 2023. The improvement from roughly 28% in the second quarter of 2023 to about 32% in the second quarter of 2026 indicates that pricing, mix or operating efficiencies have helped offset some cost pressures over the longer period.
  • Capital investment supports the asset base. Americold continues to invest heavily in its facilities, spending $140.4 million on property, plant and equipment in the second quarter of 2026. Net property, plant and equipment was approximately $5.1 billion at June 30, 2026, providing a substantial physical asset base for future operations.
  • Debt refinancing activity has helped preserve near-term cash flow. The company issued $370.9 million of debt in the second quarter and $480.4 million in the first quarter, partially offsetting debt repayments. This activity appears to have supported liquidity while the company continued funding capital expenditures and dividends.
  • Cash flow is heavily affected by noncash charges. In the second quarter of 2026, depreciation, amortization and other noncash adjustments totaled more than $427 million, helping convert a large accounting loss into positive operating cash flow. Investors should therefore focus on recurring operating performance and cash flow after capital expenditures, not operating cash flow alone.
  • Free cash flow appears pressured. Second-quarter operating cash flow of $100.1 million was below property, plant and equipment purchases of $140.4 million. Even after $27.3 million of asset-sale proceeds, the company did not fully cover capital spending from operations before dividends and financing costs.
  • Accounts receivable increased. Accounts receivable rose from $366.5 million in the second quarter of 2025 to $397.3 million in the second quarter of 2026. This may reflect higher activity or timing, but investors should monitor whether receivables continue to grow faster than revenue and consume working capital.
  • Leverage has increased substantially. Long-term debt rose from $3.03 billion in the first quarter of 2024 to $4.24 billion in the second quarter of 2026. Total liabilities increased from $4.19 billion to $5.36 billion over the same period, raising refinancing and interest-rate risk.
  • Liquidity is weak. At June 30, 2026, Americold had only $40.5 million of cash and $437.7 million of current assets against $599.6 million of current liabilities. The resulting current ratio was approximately 0.73, indicating that near-term obligations exceed reported current assets.
  • Impairment and accumulated losses are damaging equity. Retained earnings declined from a deficit of $1.36 billion in the third quarter of 2022 to a deficit of $3.21 billion in the second quarter of 2026. Total equity also fell to $2.45 billion, while goodwill and intangible assets remained significant at approximately $1.62 billion combined, leaving the company exposed to additional impairment risk.
  • Dividends are being paid despite weak GAAP earnings and capital needs. Americold paid approximately $66.5 million in dividends in the second quarter of 2026, following similar payments in prior quarters. With capital expenditures frequently exceeding operating cash flow, the dividend may increase reliance on debt financing unless recurring cash generation improves.

Overall, the statements present a mixed picture for COLD. Stable revenue, improved gross margins and positive operating cash flow are constructive, but they are being offset by persistent net losses, impairment charges, high capital requirements and a debt balance that continues to rise. The most important indicators for investors are whether Americold can restore consistent operating profitability, generate free cash flow after capital spending and reduce its dependence on debt issuance.

09/07/26 07:55 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 fiscal year ends in December. Their fiscal 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. View Americold Realty Trust's forecast to see where analysts expect Americold Realty Trust to go next.

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%.



Financial statements for NYSE:COLD last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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