$27.63

+0.03 (+0.11%)

Weekly Expected Move ±5.0%

$25 $26 $28 $29 $30

NYSE · Technology · Software - Infrastructure · Tech Score Buy · Power 69 · $2.0B mcap · 71M float · 1.83% daily turnover · Short 57% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

49.5 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 40.1% · 5Y Avg: -3.7%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. ATEN shows a Weak competitive edge (49.5/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 40.1% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$28

Low

$28

Avg Target

$28

High

Based on 1 analyst since Aug 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 11Hold: 10Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$31.00

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-31	Deutsche Bank	—	Initiated	$28	—	+10.3%	$25.39
2026-07-15	Mizuho Securities	—	$30	$34	+4	-9.7%	$37.64
2026-06-18	BTIG	—	Initiated	$37	—	+11.2%	$33.26
2026-06-16	Piper Sandler	—	Initiated	$45	—	+37.7%	$32.67
2026-06-11	Mizuho Securities	—	$27	$30	+3	-5.0%	$31.58
2026-04-14	Mizuho Securities	Michael Romanelli	$23	$27	+4	+8.3%	$24.93
2026-03-09	Loop Capital Markets	—	Initiated	$25	—	+22.2%	$20.45
2026-02-20	Mizuho Securities	Michael Romanelli	Initiated	$23	—	+16.9%	$19.68

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. ATEN receives an overall rating of B-. Strongest factors: DCF (4/5), ROE (4/5), ROA (4/5). Areas of concern: D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-08-06	B	B-
2026-07-02	B-	B
2026-07-01	B	B-
2026-03-04	B+	B
2026-03-02	B	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 56 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. ATEN scores highest in Safety (100/100) and lowest in Value (27/100). An overall grade of A places ATEN among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.82

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✓ ✗ ✗ ✓ ✓

Beneish M-Score

-2.28

Unlikely Manipulator

Ohlson O-Score

-6.28

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

AA-

Score: 80.5/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 1.79x

Accruals: -5.3%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. ATEN scores 4.82, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. ATEN scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. ATEN's score of -2.28 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. ATEN's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. ATEN receives an estimated rating of AA- (score: 80.5/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). ATEN's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

46.05x

PEG

-3.22x

P/S

6.41x

P/B

8.38x

P/FCF

46.38x

P/OCF

36.77x

EV/EBITDA

39.60x

EV/Revenue

8.67x

EV/EBIT

48.28x

EV/FCF

44.12x

Earnings Yield

1.52%

FCF Yield

2.16%

Shareholder Yield

1.42%

Graham Number

$6.34

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 46.0x earnings, ATEN is priced for high growth expectations. Graham's intrinsic value formula yields $6.34 per share, 336% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.793

NI / EBT

Interest Burden

0.973

EBT / EBIT

EBIT Margin

0.180

EBIT / Rev

Asset Turnover

0.483

Rev / Assets

Equity Multiplier

2.909

Assets / Equity

ROE

19.4%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. ATEN's ROE of 19.4% is driven by Asset Turnover (0.483), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$4.83

Price/Value

7.74x

Margin of Safety

-673.82%

Premium

673.82%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with ATEN's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. ATEN trades at a 674% premium to its adjusted intrinsic value of $4.83, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 46.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$27.62

Median 1Y

$30.39

5th Pctile

$14.15

95th Pctile

$65.25

Ann. Volatility

45.7%

Analyst Target

$31.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Dhrupad Trivedi & hief Executive Officer & President	$697,917	$5,211,973	$6,974,141
Sheen Khoury President, Vice President, Worldwide Sales & Marketing	$233,333	$1,246,700	$1,832,722
Brian Becker Financial ief Financial Officer	$243,333	$558,426	$1,188,148
Michelle Caron Financial ancial Officer	$107,576	$497,528	$836,516
Scott Weber Counsel Counsel and Corporate Secretary	$300,000	$319,100	$760,557

CEO Pay Ratio

30:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $6,974,141

Avg Employee Cost (SGA/emp): $231,314

Employees: 494

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

494

+2.7% YoY

Revenue / Employee

$588,172

Rev: $290,557,000

Profit / Employee

$85,298

NI: $42,137,000

SGA / Employee

$231,314

Avg labor cost proxy

R&D / Employee

$139,887

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	56.6%	58.4%	63.5%	64.1%	21.7%	24.1%	24.0%	23.6%	22.4%	20.6%	22.9%	21.4%	24.0%	22.8%	24.4%	24.4%	23.9%	19.0%	21.4%	19.4%	19.45%
ROA	27.9%	27.7%	30.2%	30.1%	10.9%	12.3%	12.4%	12.1%	11.0%	10.5%	12.1%	11.4%	12.7%	12.2%	10.0%	10.2%	9.8%	7.9%	7.2%	6.7%	6.68%
ROIC	4.6%	2.1%	4.0%	3.2%	1.1%	91.4%	99.3%	1.0%	1.1%	53.9%	97.3%	79.1%	97.2%	78.7%	57.9%	63.1%	68.7%	67.3%	58.7%	40.1%	40.07%
ROCE	11.0%	12.1%	14.8%	16.5%	21.1%	21.7%	20.7%	19.8%	14.3%	13.9%	14.0%	12.5%	15.5%	14.2%	9.6%	10.5%	11.4%	10.9%	11.4%	18.4%	18.37%
Gross Margin	79.8%	79.9%	79.5%	80.2%	79.5%	79.7%	82.3%	79.5%	80.9%	81.1%	81.1%	80.0%	80.5%	79.9%	79.7%	78.9%	80.1%	78.7%	80.3%	79.1%	79.09%
Operating Margin	15.8%	16.8%	12.8%	19.3%	21.7%	21.0%	10.7%	18.6%	3.8%	25.6%	11.9%	13.2%	15.7%	24.8%	13.3%	14.9%	17.4%	18.7%	18.0%	11.3%	11.26%
Net Margin	1.1%	15.2%	10.1%	15.3%	16.8%	23.2%	6.9%	17.7%	11.2%	25.4%	16.0%	15.8%	18.9%	24.7%	14.4%	15.2%	16.3%	12.3%	16.0%	11.1%	11.08%
EBITDA Margin	19.3%	19.4%	15.7%	22.1%	24.3%	25.0%	14.3%	22.0%	8.2%	29.1%	16.3%	17.9%	19.8%	28.9%	21.1%	24.5%	23.7%	25.0%	24.3%	14.8%	14.85%
FCF Margin	22.1%	18.0%	21.8%	17.9%	13.8%	19.7%	14.2%	18.0%	22.7%	13.4%	26.2%	23.4%	21.1%	29.9%	23.0%	25.6%	25.3%	22.3%	17.2%	19.6%	19.65%
OCF Margin	24.0%	20.0%	24.7%	20.8%	17.4%	23.6%	17.9%	22.0%	26.7%	17.7%	30.5%	28.3%	26.2%	34.6%	28.2%	30.8%	30.9%	29.2%	23.4%	24.8%	24.78%
ROE 3Y Avg	snapshot only																				21.13%
ROE 5Y Avg	snapshot only																				27.93%
ROA 3Y Avg	snapshot only																				8.57%
ROIC Economic	snapshot only																				8.89%
Cash ROA	snapshot only																				11.34%
Cash ROIC	snapshot only																				76.75%
CROIC	snapshot only																				60.85%
NOPAT Margin	snapshot only																				12.94%
Pretax Margin	snapshot only																				17.46%
R&D / Revenue	snapshot only																				24.86%
SGA / Revenue	snapshot only																				38.37%
SBC / Revenue	snapshot only																				7.54%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	10.99	13.21	10.60	10.43	24.75	25.51	25.20	23.16	27.48	23.99	21.98	23.49	21.34	27.15	24.29	27.54	26.13	30.51	37.78	65.77	46.050
P/S Ratio	4.18	5.01	4.05	4.01	3.59	4.27	4.07	3.88	4.25	3.81	3.95	4.11	4.12	5.20	4.54	5.08	4.65	4.42	5.63	9.11	6.414
P/B Ratio	4.97	6.00	5.62	5.48	6.10	6.61	6.05	5.49	5.59	4.61	4.69	4.78	4.89	5.87	6.20	6.89	6.41	6.08	7.63	11.88	8.379
P/FCF	18.88	27.91	18.60	22.41	26.06	21.64	28.76	21.51	18.73	28.52	15.08	17.59	19.49	17.41	19.76	19.90	18.34	19.85	32.82	46.38	46.383
P/OCF	17.44	25.03	16.40	19.28	20.57	18.10	22.73	17.63	15.94	21.54	12.92	14.53	15.73	15.05	16.13	16.49	15.03	15.14	24.11	36.77	36.774
EV/EBITDA	21.03	25.82	19.35	17.71	15.29	17.28	16.32	15.26	19.99	17.01	16.69	18.55	16.28	21.32	18.31	19.33	16.83	16.44	21.04	39.60	39.602
EV/Revenue	3.42	4.37	3.43	3.40	3.14	3.81	3.57	3.33	3.62	3.24	3.25	3.42	3.43	4.50	4.07	4.59	4.15	3.89	5.13	8.67	8.668
EV/EBIT	27.79	32.71	23.66	20.93	17.62	19.62	18.69	17.61	24.53	21.12	20.87	24.09	20.30	26.79	22.95	24.05	20.96	20.98	26.68	48.28	48.281
EV/FCF	15.46	24.31	15.73	19.01	22.78	19.30	25.18	18.48	15.94	24.28	12.43	14.63	16.24	15.06	17.68	17.95	16.37	17.45	29.89	44.12	44.121
Earnings Yield	9.1%	7.6%	9.4%	9.6%	4.0%	3.9%	4.0%	4.3%	3.6%	4.2%	4.5%	4.3%	4.7%	3.7%	4.1%	3.6%	3.8%	3.3%	2.6%	1.5%	1.52%
FCF Yield	5.3%	3.6%	5.4%	4.5%	3.8%	4.6%	3.5%	4.6%	5.3%	3.5%	6.6%	5.7%	5.1%	5.7%	5.1%	5.0%	5.5%	5.0%	3.0%	2.2%	2.16%
Price/Tangible Book	snapshot only																				16.073
EV/OCF	snapshot only																				34.981
EV/Gross Profit	snapshot only																				10.897
Acquirers Multiple	snapshot only																				53.161
Shareholder Yield	snapshot only																				1.42%
Graham Number	snapshot only																				$6.34

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.59	2.45	2.31	2.22	1.94	2.17	2.38	2.40	2.38	2.45	2.45	2.39	2.23	2.49	4.05	4.23	3.59	3.56	3.71	1.29	1.290
Quick Ratio	2.40	2.25	2.12	2.04	1.77	2.01	2.18	2.20	2.17	2.24	2.23	2.17	2.05	2.31	3.87	4.04	3.44	3.43	3.56	1.21	1.205
Debt/Equity	0.02	0.11	0.02	0.02	0.03	0.12	0.03	0.03	0.02	0.08	0.02	0.02	0.02	0.05	1.17	1.13	1.11	1.05	0.99	0.92	0.922
Net Debt/Equity	-0.90	-0.77	-0.86	-0.83	-0.77	-0.71	-0.75	-0.77	-0.83	-0.69	-0.83	-0.80	-0.82	-0.79	-0.65	-0.67	-0.69	-0.73	-0.68	-0.58	-0.579
Debt/Assets	0.01	0.06	0.01	0.01	0.01	0.06	0.01	0.01	0.01	0.04	0.01	0.01	0.01	0.03	0.38	0.38	0.37	0.35	0.35	0.32	0.324
Debt/EBITDA	0.12	0.55	0.09	0.09	0.08	0.35	0.08	0.08	0.10	0.35	0.10	0.11	0.09	0.22	3.85	3.50	3.27	3.24	3.00	3.23	3.234
Net Debt/EBITDA	-4.65	-3.82	-3.52	-3.17	-2.20	-2.09	-2.32	-2.50	-3.50	-2.97	-3.57	-3.75	-3.26	-3.32	-2.15	-2.10	-2.03	-2.26	-2.06	-2.03	-2.030
Interest Coverage	25.19	28.22	—	—	—	—	—	—	—	—	—	—	—	30.53	30.93	18.14	19.36	36.76	41.82	—	—
Equity Multiplier	1.84	1.88	1.95	1.97	2.19	2.04	1.93	1.91	1.92	1.88	1.85	1.85	1.88	1.87	3.09	2.98	3.01	2.98	2.87	2.85	2.848
Cash Ratio	snapshot only																				0.954
Cash to Debt	snapshot only																				1.628
FCF to Debt	snapshot only																				0.278
Defensive Interval	snapshot only																				799.4 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.74	0.73	0.79	0.78	0.75	0.74	0.77	0.73	0.71	0.66	0.68	0.65	0.66	0.64	0.53	0.55	0.55	0.55	0.48	0.48	0.483
Inventory Turnover	2.53	2.48	2.67	2.62	2.73	2.70	2.63	2.56	2.25	2.22	2.17	2.09	2.12	2.26	2.35	2.47	2.73	3.00	3.02	2.45	2.450
Receivables Turnover	5.40	4.43	5.12	4.52	4.55	4.16	4.74	3.99	3.91	3.42	4.14	3.93	4.16	3.47	4.41	5.04	4.50	4.19	4.46	4.98	4.978
Payables Turnover	9.56	9.14	11.32	9.57	11.28	8.37	9.95	9.06	7.07	6.98	8.98	7.93	6.32	5.26	8.42	8.87	6.17	4.95	5.65	3.94	3.939
DSO	68	82	71	81	80	88	77	92	93	107	88	93	88	105	83	72	81	87	82	73	73.3 days
DIO	144	147	137	139	134	135	139	143	162	164	168	174	172	162	155	147	134	122	121	149	149.0 days
DPO	38	40	32	38	32	44	37	40	52	52	41	46	58	69	43	41	59	74	65	93	92.7 days
Cash Conversion Cycle	174	190	176	182	182	179	179	194	204	219	215	221	202	197	195	179	156	135	138	130	129.7 days
Fixed Asset Turnover	snapshot only																				6.287
Operating Cycle	snapshot only																				222.3 days
Cash Velocity	snapshot only																				0.868
Capital Intensity	snapshot only																				2.185

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	8.4%	10.9%	13.8%	14.3%	13.0%	12.1%	6.8%	2.4%	-5.3%	-10.2%	-7.5%	-8.9%	-0.4%	4.0%	4.9%	11.0%	10.3%	11.0%	12.1%	12.2%	12.20%
Net Income	8.2%	4.3%	3.7%	3.3%	-57.0%	-50.6%	-54.8%	-55.3%	1.2%	-14.8%	2.7%	-4.7%	24.1%	25.4%	9.2%	17.0%	1.6%	-16.0%	-10.7%	-15.8%	-15.78%
EPS	8.2%	4.2%	3.8%	3.4%	-55.7%	-47.3%	-52.6%	-53.6%	3.7%	-14.3%	3.0%	-4.8%	25.8%	25.4%	9.6%	20.9%	4.1%	-13.3%	-8.1%	-18.6%	-18.60%
FCF	30.5%	-13.1%	34.1%	0.1%	-29.8%	23.1%	-30.6%	3.3%	56.3%	-39.2%	70.9%	18.2%	-7.4%	1.3%	-7.9%	21.4%	32.2%	-17.2%	-16.4%	-13.7%	-13.73%
EBITDA	74.0%	40.0%	36.2%	41.4%	42.4%	46.0%	31.7%	16.6%	-16.3%	-22.3%	-17.6%	-23.1%	15.8%	15.1%	19.5%	42.9%	29.0%	24.4%	23.0%	3.5%	3.53%
Op. Income	1.9%	88.3%	70.1%	71.3%	65.9%	59.0%	37.1%	16.3%	-24.1%	-27.2%	-22.5%	-29.8%	18.1%	13.8%	14.7%	35.6%	15.8%	7.2%	13.9%	5.5%	5.52%
OCF Growth	snapshot only																				-9.82%
Asset Growth	snapshot only																				11.48%
Equity Growth	snapshot only																				16.66%
Debt Growth	snapshot only																				-4.49%
Shares Change	snapshot only																				3.47%
Dividend Growth	snapshot only																				-5.35%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	1.6%	2.5%	3.4%	6.3%	8.5%	9.7%	8.4%	7.6%	5.1%	3.7%	4.0%	2.2%	2.1%	1.5%	1.2%	1.2%	1.3%	1.2%	2.8%	4.3%	4.32%
Revenue 5Y	1.7%	1.7%	1.7%	2.7%	2.7%	3.6%	4.2%	3.4%	2.4%	1.6%	1.8%	2.3%	3.8%	4.2%	4.3%	4.7%	5.0%	5.2%	5.7%	5.9%	5.86%
EPS 3Y	—	—	—	—	—	—	—	1.4%	61.9%	33.1%	32.5%	24.8%	-16.7%	-17.3%	-18.8%	-18.9%	10.7%	-2.3%	1.3%	-2.1%	-2.15%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	71.7%	40.9%	20.7%	18.6%	13.8%	13.83%
Net Income 3Y	—	—	—	—	—	—	—	1.3%	58.7%	30.9%	30.1%	22.7%	-18.5%	-19.2%	-20.3%	-20.7%	8.5%	-3.5%	0.1%	-2.1%	-2.05%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	68.7%	38.2%	18.8%	16.5%	12.8%	12.75%
EBITDA 3Y	—	—	—	—	—	—	1.2%	55.4%	27.5%	16.7%	13.9%	8.3%	11.3%	9.3%	9.1%	8.6%	7.7%	3.6%	6.6%	4.4%	4.41%
EBITDA 5Y	—	—	—	—	—	1.1%	—	—	—	—	—	—	—	—	58.9%	32.8%	25.4%	17.9%	16.8%	13.4%	13.42%
Gross Profit 3Y	1.8%	2.9%	4.1%	7.5%	9.8%	10.9%	9.7%	8.7%	6.4%	5.1%	5.3%	3.7%	3.2%	2.3%	1.6%	1.1%	1.3%	1.0%	2.5%	4.0%	4.05%
Gross Profit 5Y	2.3%	2.3%	2.5%	3.6%	3.4%	4.2%	5.0%	4.0%	3.0%	2.5%	2.6%	3.3%	4.8%	5.1%	5.0%	5.3%	5.5%	5.6%	6.2%	6.4%	6.44%
Op. Income 3Y	—	—	—	—	—	—	—	1.3%	54.4%	29.7%	21.8%	11.8%	14.1%	9.6%	6.8%	3.4%	1.2%	-3.9%	0.4%	0.1%	0.14%
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	64.3%	38.2%	21.6%	18.7%	14.9%	14.89%
FCF 3Y	—	—	—	—	—	—	42.3%	19.0%	12.7%	-13.4%	16.7%	6.9%	0.6%	20.3%	3.0%	14.0%	24.2%	5.4%	9.6%	7.4%	7.36%
FCF 5Y	37.4%	29.4%	77.1%	42.9%	77.8%	45.2%	40.1%	—	—	—	—	—	—	—	35.3%	19.3%	11.9%	4.6%	4.2%	5.1%	5.06%
OCF 3Y	—	—	—	—	—	—	40.4%	22.3%	16.2%	-7.0%	19.7%	10.6%	5.2%	21.8%	5.7%	15.4%	22.6%	8.7%	12.3%	8.6%	8.55%
OCF 5Y	26.9%	21.7%	48.3%	33.0%	46.9%	35.8%	29.8%	—	—	—	—	—	—	—	33.4%	21.0%	14.8%	9.0%	9.0%	8.1%	8.10%
Assets 3Y	18.5%	18.6%	16.0%	19.2%	15.5%	10.4%	9.8%	10.5%	10.0%	10.3%	10.7%	10.3%	2.9%	3.3%	18.8%	16.5%	20.7%	19.5%	21.1%	22.5%	22.55%
Assets 5Y	12.7%	12.6%	10.4%	12.2%	10.1%	10.4%	9.0%	10.0%	10.9%	10.6%	11.3%	11.9%	12.2%	9.6%	17.6%	17.4%	16.9%	16.7%	16.8%	18.0%	18.01%
Equity 3Y	27.1%	26.2%	24.3%	25.6%	16.3%	18.5%	17.9%	20.3%	17.4%	21.5%	19.8%	19.9%	2.2%	3.5%	1.7%	1.6%	8.7%	5.3%	6.0%	7.2%	7.24%
Book Value 3Y	23.2%	22.7%	21.9%	24.2%	17.0%	20.5%	19.2%	22.7%	19.7%	23.5%	22.0%	21.8%	4.5%	5.9%	3.6%	3.9%	10.9%	6.6%	7.2%	7.1%	7.14%
Dividend 3Y	—	—	—	—	—	—	63.9%	33.4%	17.9%	5.5%	4.6%	3.1%	2.3%	2.3%	1.7%	1.8%	1.5%	0.4%	0.2%	-0.8%	-0.79%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.19	0.10	0.08	0.31	0.30	0.44	0.67	0.63	0.60	0.45	0.51	0.53	0.65	0.53	0.61	0.55	0.65	0.57	0.72	0.72	0.725
Earnings Stability	0.63	0.61	0.68	0.73	0.60	0.62	0.69	0.68	0.50	0.52	0.49	0.45	0.30	0.26	0.21	0.15	0.02	0.00	0.00	0.01	0.014
Margin Stability	0.99	0.99	0.99	0.98	0.99	0.99	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.99	0.98	0.98	0.99	0.98	0.984
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.00	0.50	0.00	1.00	0.50	1.00	0.50	1.00	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	1.00	0.94	0.99	0.98	0.90	0.90	0.96	0.93	0.99	0.94	0.96	0.94	0.937
Earnings Smoothness	0.00	0.00	0.00	0.00	0.20	0.32	0.24	0.23	0.99	0.84	0.97	0.95	0.78	0.77	0.91	0.84	0.98	0.83	0.89	0.83	0.829
ROE Trend	0.51	0.46	0.47	0.41	-0.02	-0.04	-0.11	-0.12	-0.15	-0.16	-0.17	-0.18	0.00	-0.01	0.03	0.03	0.03	-0.01	-0.03	-0.05	-0.046
Gross Margin Trend	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.00	-0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.007
FCF Margin Trend	0.15	0.08	0.09	0.01	-0.07	-0.01	-0.06	-0.01	0.05	-0.05	0.08	0.05	0.03	0.13	0.03	0.05	0.03	0.01	-0.07	-0.05	-0.048
Sustainable Growth Rate	56.6%	58.4%	61.0%	59.3%	15.4%	15.9%	15.1%	14.7%	12.5%	11.4%	14.0%	12.6%	15.4%	14.7%	15.7%	16.0%	15.6%	11.2%	13.1%	11.6%	11.64%
Internal Growth Rate	38.8%	38.4%	40.8%	38.6%	8.4%	8.9%	8.5%	8.2%	6.5%	6.2%	8.0%	7.2%	8.9%	8.5%	6.9%	7.1%	6.9%	4.9%	4.6%	4.2%	4.17%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.63	0.53	0.65	0.54	1.20	1.41	1.11	1.31	1.72	1.11	1.70	1.62	1.36	1.80	1.51	1.67	1.74	2.01	1.57	1.79	1.789
FCF/OCF	0.92	0.90	0.88	0.86	0.79	0.84	0.79	0.82	0.85	0.76	0.86	0.83	0.81	0.86	0.82	0.83	0.82	0.76	0.73	0.79	0.793
FCF/Net Income	snapshot only																				1.418
OCF/EBITDA	snapshot only																				1.132
CapEx/Revenue	1.8%	2.1%	2.9%	2.9%	3.7%	3.9%	3.8%	4.0%	4.0%	4.3%	4.4%	4.9%	5.1%	4.7%	5.2%	5.3%	5.6%	6.9%	6.2%	5.1%	5.13%
CapEx/Depreciation	snapshot only																				1.305
Accruals Ratio	0.10	0.13	0.11	0.14	-0.02	-0.05	-0.01	-0.04	-0.08	-0.01	-0.09	-0.07	-0.05	-0.10	-0.05	-0.07	-0.07	-0.08	-0.04	-0.05	-0.053
Sloan Accruals	snapshot only																				-0.393
Cash Flow Adequacy	snapshot only																				2.317
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.4%	0.7%	1.2%	1.3%	1.5%	1.6%	1.6%	1.9%	1.8%	1.7%	1.7%	1.3%	1.5%	1.3%	1.3%	1.4%	1.0%	0.6%	0.87%
Dividend/Share	$0.00	$0.00	$0.05	$0.10	$0.15	$0.21	$0.22	$0.23	$0.23	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24	$0.23	$0.24
Payout Ratio	0.0%	0.0%	3.9%	7.5%	29.1%	33.9%	37.1%	37.5%	44.4%	44.6%	39.0%	41.0%	35.8%	35.5%	35.5%	34.5%	34.6%	41.2%	38.6%	40.1%	40.13%
FCF Payout Ratio	0.0%	0.0%	6.9%	16.1%	30.6%	28.8%	42.3%	34.8%	30.2%	53.0%	26.8%	30.7%	32.7%	22.8%	28.9%	24.9%	24.3%	26.8%	33.6%	28.3%	28.30%
Total Payout Ratio	33.1%	19.3%	51.1%	45.4%	2.5%	2.0%	1.5%	1.5%	66.0%	84.5%	80.6%	97.5%	99.4%	95.5%	1.8%	1.6%	1.7%	2.0%	93.3%	93.2%	93.24%
Div. Increase Streak	—	—	0	0	0	0	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	—	—	—	3.28	1.25	0.56	0.14	0.10	0.06	0.02	0.01	0.01	-0.00	-0.00	-0.01	-0.02	-0.01	-0.015
Buyback Yield	3.0%	1.5%	4.4%	3.6%	8.8%	6.6%	4.5%	5.1%	0.8%	1.7%	1.9%	2.4%	3.0%	2.2%	6.1%	4.7%	5.1%	5.4%	1.4%	0.8%	0.81%
Net Buyback Yield	3.0%	1.5%	4.4%	3.6%	8.8%	6.6%	4.5%	5.1%	0.8%	1.7%	1.9%	2.4%	3.0%	2.2%	6.1%	4.6%	5.0%	5.1%	1.2%	0.7%	0.69%
Total Shareholder Return	3.0%	1.5%	4.8%	4.4%	10.0%	8.0%	6.0%	6.7%	2.4%	3.5%	3.7%	4.2%	4.7%	3.5%	7.6%	5.8%	6.3%	6.4%	2.3%	1.3%	1.30%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	3.25	3.00	2.72	2.39	0.83	0.89	0.89	0.89	0.98	0.91	0.91	0.94	0.89	0.86	0.87	0.88	0.87	0.80	0.79	0.79	0.793
Interest Burden (EBT/EBIT)	0.95	0.95	0.97	0.99	0.99	0.97	0.95	0.99	1.07	1.13	1.26	1.31	1.28	1.32	1.21	1.11	1.03	0.97	0.98	0.97	0.973
EBIT Margin	0.12	0.13	0.14	0.16	0.18	0.19	0.19	0.19	0.15	0.15	0.16	0.14	0.17	0.17	0.18	0.19	0.20	0.19	0.19	0.18	0.180
Asset Turnover	0.74	0.73	0.79	0.78	0.75	0.74	0.77	0.73	0.71	0.66	0.68	0.65	0.66	0.64	0.53	0.55	0.55	0.55	0.48	0.48	0.483
Equity Multiplier	2.02	2.11	2.10	2.13	2.00	1.95	1.94	1.94	2.04	1.95	1.88	1.88	1.90	1.87	2.44	2.40	2.43	2.40	2.98	2.91	2.909

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.15	$1.18	$1.24	$1.31	$0.51	$0.62	$0.59	$0.61	$0.53	$0.53	$0.61	$0.58	$0.67	$0.67	$0.67	$0.70	$0.69	$0.58	$0.61	$0.57	$0.57
Book Value/Share	$2.55	$2.60	$2.35	$2.49	$2.07	$2.40	$2.46	$2.56	$2.60	$2.77	$2.85	$2.84	$2.91	$3.09	$2.61	$2.79	$2.82	$2.91	$3.03	$3.15	$3.30
Tangible Book/Share	$2.53	$2.58	$2.33	$2.47	$2.05	$2.38	$2.44	$2.54	$2.58	$2.76	$2.83	$2.82	$2.89	$3.07	$2.31	$2.49	$2.51	$2.62	$2.74	$2.32	$2.32
Revenue/Share	$3.03	$3.11	$3.25	$3.41	$3.52	$3.72	$3.65	$3.62	$3.42	$3.36	$3.38	$3.30	$3.45	$3.49	$3.56	$3.78	$3.89	$4.00	$4.11	$4.10	$4.30
FCF/Share	$0.67	$0.56	$0.71	$0.61	$0.48	$0.73	$0.52	$0.65	$0.78	$0.45	$0.89	$0.77	$0.73	$1.04	$0.82	$0.97	$0.99	$0.89	$0.70	$0.81	$0.84
OCF/Share	$0.73	$0.62	$0.80	$0.71	$0.61	$0.88	$0.65	$0.80	$0.91	$0.59	$1.03	$0.93	$0.90	$1.21	$1.00	$1.17	$1.20	$1.17	$0.96	$1.02	$1.07
Cash/Share	$2.35	$2.30	$2.08	$2.13	$1.64	$2.00	$1.91	$2.04	$2.23	$2.12	$2.42	$2.35	$2.44	$2.61	$4.74	$5.02	$5.08	$5.20	$5.07	$4.72	$4.95
EBITDA/Share	$0.49	$0.53	$0.58	$0.65	$0.72	$0.82	$0.80	$0.79	$0.62	$0.64	$0.66	$0.61	$0.73	$0.74	$0.79	$0.90	$0.96	$0.95	$1.00	$0.90	$0.90
Debt/Share	$0.06	$0.29	$0.05	$0.06	$0.06	$0.29	$0.06	$0.06	$0.06	$0.22	$0.07	$0.06	$0.07	$0.16	$3.04	$3.14	$3.13	$3.06	$3.01	$2.90	$2.90
Net Debt/Share	$-2.29	$-2.01	$-2.03	$-2.07	$-1.58	$-1.72	$-1.85	$-1.98	$-2.17	$-1.90	$-2.35	$-2.28	$-2.37	$-2.45	$-1.70	$-1.88	$-1.94	$-2.14	$-2.07	$-1.82	$-1.82

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.825
Altman Z-Prime	snapshot only																				8.462
Piotroski F-Score	7	6	7	6	5	6	7	6	7	7	6	5	6	6	5	5	5	5	7	6	6
Beneish M-Score	-1.60	-0.29	-1.60	-1.12	-2.08	-2.56	-2.24	-2.68	-3.11	-2.52	-2.99	-2.97	-2.57	-2.87	-2.48	-2.76	-2.76	-2.86	-2.61	-2.28	-2.278
Ohlson O-Score	snapshot only																				-6.280
ROIC (Greenblatt)	snapshot only																				35.24%
Net-Net WC	snapshot only																				$0.57
EVA	snapshot only																				$30109028.60

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA-
Credit Score	95.58	95.91	93.22	93.69	93.18	93.80	93.20	93.19	92.59	92.99	92.76	92.77	92.61	95.11	80.19	80.39	80.80	81.69	84.29	80.50	80.497
Credit Grade	snapshot only																				4
Credit Trend	snapshot only																				0.111
Implied Spread (bps)	snapshot only																				100.000
Industry Credit Rank	snapshot only																				77
Sector Credit Rank	snapshot only																				66

ATEN NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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