Air Transport Services Group
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
19.4013.46
Price/Sales ratio
0.810.75
Earnings per Share (EPS)
$1.15$1.67

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
18.4115.7041.6773.7022.5055.098.008.749.6320.037.6355.09
Price/Sales ratio
0.931.041.271.271.740.871.060.980.930.580.740.87
Price/Book Value ratio
1.581.772.943.443.571.611.401.431.350.881.071.61
Price/Cash Flow ratio
3.693.725.065.805.232.693.174.284.051.843.212.69
Price/Free Cash Flow ratio
15.0243.21-13.71-22.00305.12733.0323.51-15.88-15.02-8.67-11.90733.03
Price/Earnings Growth ratio
-0.070.40-1.02-4.000.09-0.950.00-0.62-0.49-0.30-0.48-0.48
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
22.52%22.92%16.42%14.72%21.34%22.31%21.56%23.74%23.74%9.65%23.74%21.34%
Operating Profit Margin
10.94%11.75%8.29%8.73%12.44%-4.21%-0.68%-2.81%13.95%9.65%13.95%12.44%
Pretax Profit Margin
8.78%10.10%4.48%-0.61%9.80%2.63%17.36%12.73%12.73%4.06%12.73%9.80%
Net Profit Margin
5.06%6.65%3.05%1.73%7.76%1.59%13.34%11.31%9.70%2.91%9.70%7.76%
Effective Tax Rate
38.05%37.41%38.87%432.61%22.39%39.41%23.97%24.59%24.59%29.07%24.59%22.39%
Return on Assets
2.89%3.95%1.86%1.19%2.80%0.83%7.08%6.44%5.53%1.55%5.53%2.80%
Return On Equity
8.59%11.31%7.07%4.67%15.87%2.93%17.50%16.38%14.05%4.40%14.07%2.93%
Return on Capital Employed
7.01%7.95%5.77%6.83%4.95%-2.45%-0.40%-1.75%8.69%5.73%8.69%4.95%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.36N/A
Quick Ratio
0.950.690.720.870.980.760.971.171.170.731.060.98
Cash ratio
0.270.130.100.170.250.130.220.080.080.130.080.13
Days of Sales Outstanding
26.9334.1736.6737.2860.4337.8532.3036.6553.8238.0053.8253.82
Days of Inventory outstanding
8.529.9111.318.8817.4312.0813.2013.5113.519.7413.5112.08
Operating Cycle
35.4544.0947.9846.1677.8749.9445.5150.1667.3447.7426.7849.94
Days of Payables Outstanding
32.4433.9634.4839.9657.1242.2137.9440.7745.1644.4145.1645.16
Cash Conversion Cycle
3.0110.1213.506.2020.757.727.569.3922.173.3211.9911.99
Debt Ratios
Debt Ratio
0.330.300.360.360.560.490.450.360.410.450.600.56
Debt Equity Ratio
0.990.871.381.443.211.731.120.921.051.301.541.73
Long-term Debt to Capitalization
0.470.430.560.580.750.630.520.470.500.550.510.63
Total Debt to Capitalization
0.490.460.580.590.760.630.520.470.510.560.520.63
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A6.09N/A
Cash Flow to Debt Ratio
0.430.540.420.410.210.340.390.360.310.360.300.21
Company Equity Multiplier
2.962.863.793.915.663.502.472.542.542.832.543.50
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.250.280.250.210.330.320.330.230.230.310.230.32
Free Cash Flow / Operating Cash Flow Ratio
0.240.08-0.36-0.260.010.000.13-0.26-0.26-0.21-0.260.00
Cash Flow Coverage Ratio
0.430.540.420.410.210.340.390.360.310.360.300.21
Short Term Coverage Ratio
6.115.146.5812.6910.0534.8342.45751.7819.708.7319.7010.05
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A