ATKR is no longer listed. Its last trade on record was Oct 16, 2026. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
Cash generation is volatile, with FCF swinging from $188.2M in 2025Q4 to -$77.3M in 2026Q3, and operating cash flow turned negative at -$63.1M in 2026Q3, while buybacks have nearly halted to $3.6M.
Atkore Inc. (ATKR) cash flow statement — 14-year operating, investing & financing cash flows
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 |
|---|
| Cash from Operations | 120.07M | 402.76M | 549.03M | 807.63M | 786.84M | 572.9M | 248.76M | 209.69M | 145.7M | 121.65M | 156.65M | 141.07M | 86.33M | 35.42M | 58M |
| Operating CF Margin % | - | 14.13% | 17.15% | 22.95% | 20.1% | 19.57% | 14.09% | 10.94% | 7.94% | 8.09% | 10.28% | 8.16% | 5.07% | 2.4% | 3.74% |
| Operating CF Growth % | -537.13% | -26.64% | -32.02% | 2.64% | 37.34% | 130.3% | 18.63% | 43.92% | 19.77% | -22.34% | 11.04% | 63.41% | 143.71% | -38.92% | - |
| Net Income | -162.71M | -15.18M | 472.87M | 689.9M | 913.43M | 587.86M | 152.3M | 139.05M | 136.65M | 84.64M | 58.8M | -4.96M | -73.95M | -18.58M | -8M |
| Depreciation & Amortization | 159.89M | 159.84M | 151.21M | 135.84M | 98.33M | 93.07M | 89.27M | 72.35M | 66.89M | 54.73M | 55.02M | 59.47M | 58.7M | 48.41M | 49M |
| Stock-Based Compensation | 27.04M | 23.56M | 20.3M | 21.1M | 17.25M | 17.05M | 13.06M | 11.8M | 14.66M | 12.79M | 21.13M | 13.52M | 8.4M | 2.2M | 1M |
| Deferred Taxes | -53.2M | -48.04M | 3.37M | 12.86M | 3.05M | -43.31M | 4.48M | -796K | -9.01M | 938K | 2.56M | -3.65M | -36.51M | -5.96M | -3M |
| Other Non-Cash Items | 147.17M | 225.18M | 6.17M | 14.9M | 17.24M | 7.14M | 9.32M | -2.86M | -16.77M | 8.39M | 4.53M | 33.35M | 94.2M | 16.91M | 17M |
| Working Capital Changes | 1.89M | 57.39M | -104.89M | -66.97M | -262.46M | -88.9M | -19.68M | -9.84M | -46.72M | -39.83M | 14.62M | 43.34M | 35.5M | -7.56M | 2M |
| Change in Receivables | -58.68M | 40.23M | 5.1M | -30.28M | 17.75M | -219.66M | 16.92M | 6.03M | -44.42M | -13.45M | 24.54M | 7.04M | -12.12M | 20.36M | -17M |
| Change in Inventory | 85.77M | 37.35M | -31.92M | -42.42M | -160.98M | -81.54M | 24.64M | 9M | -36.53M | -10.3M | -2.44M | 67.51M | 7.67M | -21.79M | 19M |
| Change in Payables | 32.69M | -8.42M | -37.56M | 32.3M | -28.97M | 98.44M | -5.83M | -21.98M | 31.67M | 8.67M | 4.06M | -43.71M | 26.8M | -7.71M | 0 |
| Cash from Investing | -42.36M | -85.55M | -154.34M | -302.15M | -442.8M | -97.96M | -27.51M | -133.1M | 2.51M | -205.83M | -12.89M | -46.64M | -48.86M | -87.25M | -13M |
| Capital Expenditures | -62.59M | -107.11M | -149.86M | -218.89M | -135.78M | -64.47M | -33.77M | -34.86M | -38.5M | -25.12M | -16.83M | -26.85M | -24.36M | -15M | -19M |
| CapEx % of Revenue | 2.13% | 3.76% | 4.68% | 6.22% | 3.47% | 2.2% | 1.91% | 1.82% | 2.1% | 1.67% | 1.1% | 1.55% | 1.43% | 1.02% | 1.23% |
| Acquisitions | 310K | 7.02M | -6.04M | -83.39M | -307.81M | -43.2M | 3.92M | -98M | 39.16M | -183.92M | 75K | -30.55M | -39.79M | -102.47M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 19.92M | 14.54M | 1.56M | 123K | 779K | 9.71M | 2.34M | -242K | 1.85M | 3.21M | 2.61M | -20.94M | -11.81M | 30.22M | 6M |
| Cash from Financing | -58.69M | -160.45M | -435.28M | -506.78M | -524.21M | -184.46M | -61.18M | -78.18M | -65.93M | -67.76M | -23.91M | -44.11M | -57.58M | 55.82M | -41M |
| Debt Issued (Net) | -5.23M | -2.81M | -1.96M | -1.32M | 0 | -41.12M | -40M | -60.98M | 331.85M | -65.92M | -23.79M | -44.27M | 206.14M | 55.52M | 0 |
| Equity Issued (Net) | -3.78M | -106.24M | -398.86M | -505.46M | -524.21M | -135.07M | -17.98M | -24.42M | -411.77M | -13.94M | 52K | -882K | -252.76M | 334K | 0 |
| Dividends Paid | -44.53M | -44.2M | -34.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -314K | -106.24M | -398.86M | -505.46M | -500.16M | -135.07M | -17.98M | -24.42M | -411.77M | -13.94M | 0 | -882K | -252.76M | -253K | 0 |
| Other Financing | -5.15M | -7.19M | 0 | 0 | 0 | -8.27M | -3.2M | 7.22M | 13.99M | 12.1M | -166K | 1.05M | -10.96M | -27K | -41M |
| Net Change in Cash | 15.2M | 155.31M | -36.73M | -637K | -187.54M | 291.82M | 161.06M | -3.25M | 80.94M | -154.56M | 119.68M | 47.24M | -21.41M | 2.84M | 52M |
| Free Cash Flow | 57.48M | 295.65M | 399.17M | 588.75M | 651.06M | 508.43M | 214.99M | 174.83M | 107.2M | 96.53M | 139.82M | 114.22M | 61.97M | 20.43M | 39M |
| FCF Margin % | 1.96% | 10.37% | 12.47% | 16.73% | 16.63% | 17.36% | 12.18% | 9.12% | 5.84% | 6.42% | 9.18% | 6.61% | 3.64% | 1.38% | 2.52% |
| FCF Growth % | -78.04% | -25.93% | -32.2% | -9.57% | 28.05% | 136.49% | 22.97% | 63.09% | 11.05% | -30.96% | 22.41% | 84.32% | 203.41% | -47.63% | - |
| FCF per Share | 1.69 | 8.69 | 10.85 | 14.97 | 14.70 | 10.75 | 4.47 | 3.66 | 1.98 | 1.45 | 2.23 | 1.83 | 0.99 | 0.33 | 0.62 |
| FCF Conversion (FCF/Net Income) | -0.35x | -26.54x | 1.16x | 1.17x | 0.86x | 0.97x | 1.63x | 1.51x | 1.07x | 1.44x | 2.66x | -28.47x | -1.17x | -0.58x | -29.00x |
| Interest Paid | 0 | 37.29M | 47.1M | 0 | 30.53M | 23.73M | 38.79M | 49.88M | 39.9M | 26.13M | 49.85M | 41.46M | 42.83M | 42.29M | 0 |
| Taxes Paid | 0 | 0 | 66.37M | 0 | 379.77M | 155.11M | 50.99M | 38.7M | 41.6M | 49.81M | 30.86M | 4.76M | 2.21M | 3.09M | 0 |
Quick answers to the most common questions about buying ATKR stock.
Atkore Inc. (ATKR) generated $402.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Atkore Inc. (ATKR) generated $295.7M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Atkore Inc. (ATKR) spent $107.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Atkore Inc. (ATKR) returned $44.2M to shareholders via cash dividends and spent $106.2M on share repurchases. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
Margin compression persists
Metrics are mathematically derived from official filings.
Earnings Quality Distorted by Non-Cash Charges
According to recent SEC filings, ATKR's operating cash flow turned negative in 2026Q3 at -$63.1M despite a nominal net income of $745K, implying significant non-cash adjustments and working capital swings.
The OCF/NI ratio of -84.7 in 2026Q3 underscores a severe disconnect between reported earnings and cash generation, likely driven by a $71.7M working capital outflow. This pattern, combined with the prior quarter's net loss of $124.1M against positive OCF of $28.3M, suggests that earnings quality is heavily influenced by timing and non-cash items, warranting close monitoring of accruals.
Free Cash Flow Volatility Masks Underlying Stability
Based on reported figures, ATKR's FCF swung from $188.2M in 2025Q4 to -$77.3M in 2026Q3, with FCF margins ranging from 25.0% to -10.3%, indicating high quarter-to-quarter variability.
The erratic FCF trajectory appears to be driven by working capital swings rather than fundamental deterioration, as capex remained relatively stable. However, the negative FCF in two of the last three quarters suggests that the company may be consuming cash during a period of margin compression, which could pressure liquidity if sustained.
Capital Intensity Declines Amid Revenue Drop
As reported in financial statements, ATKR's capex-to-revenue ratio fell from 6.2% in 2025Q1 to 1.8% in 2026Q3, indicating a deliberate scaling back of investment amid declining sales.
The reduction in capex may reflect management's response to weaker demand and margin pressure, but it could also signal underinvestment in maintenance, potentially affecting long-term competitiveness. With D&A running at $24-49M per quarter, current capex levels may not fully cover depreciation, suggesting that reported earnings could be overstated relative to cash reinvestment needs.
Working Capital Swings Drive Cash Flow Instability
According to recent earnings data, ATKR's working capital changes ranged from -$123.3M to +$141.9M over the past ten quarters, creating significant volatility in operating cash flow.
The large swings in working capital appear to be tied to commodity price movements and inventory management, with the 2025Q4 outflow of $141.9M followed by a $71.7M inflow in 2026Q3. This pattern suggests that the company's cash conversion cycle is highly sensitive to raw material costs, and investors should expect continued volatility in OCF as pricing normalizes.
Capital Returns Pause Amid Cash Preservation
Based on reported figures, ATKR's buybacks have nearly halted, with only $3.6M in 2026Q3 versus $125M in 2024Q3, while dividends remain steady at ~$11M per quarter.
The sharp reduction in share repurchases suggests management is prioritizing cash preservation during a period of negative net income and volatile cash flow. The consistent dividend, however, indicates a commitment to returning capital, but the sustainability of this payout may be questioned if cash generation remains weak.
Cumulative Earnings Outpace Cash Generation
Over the last ten quarters, ATKR's cumulative net income of $261.3M contrasts with cumulative operating cash flow of $653.0M, indicating that cash generation has been stronger than earnings suggest.
The positive cumulative divergence is largely due to non-cash charges like depreciation and amortization, which totaled over $380M, and favorable working capital timing. However, the recent quarters show a reversal, with cash flow lagging earnings, which may indicate that the company is now consuming cash as margins compress and inventory builds.
Cash Flow Statement Obscures Underlying Pressures
According to recent SEC filings, ATKR's SBC of $7.7M in 2026Q3 and acquisition outflows of $18.4M are not fully reflected in operating cash flow, potentially overstating cash generation.
The cash flow statement shows that SBC is added back to OCF, but it represents a real economic cost to shareholders. Additionally, the $18.4M acquisition outflow in 2026Q3 and the $310K inflow in 2025Q4 suggest that M&A activity is being used to deploy cash, but the returns on these investments are not yet visible. Investors should adjust for these items to assess true cash generation.