Atkore
ATKR on NYSE. Atkore sells electrical and safety products to construction and industrial customers. Market value $3.2bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 2025.
Recent profit includes a big one-time charge, so we price the company excluding that charge.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
What to watch out for
See cheaper Technology stocks on the list
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.80 of spare cash in the past 12 months. A savings account pays about $4.
You pay 26.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 38 cents a year. Above 10 is good.
Quality score: 100 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$94.72 a share, 76% above its 1-year low
Over the past year the price has ranged from $53.75 to $94.88.
Dividend: 1.4% a year
Paid every year for 2 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $57 million in the past 12 months, $296 million in the year to September 2025.
| Revenue | |||||
| Revenue | $2.9bn | $3.9bn | $3.5bn | $3.2bn | $2.9bn |
| Operating margin | |||||
| Operating margin | 27.3% | 31.5% | 25.4% | 19.5% | 0.8% |
| Debt to equity | |||||
| Debt to equity | 0.88 | 0.61 | 0.53 | 0.50 | 0.55 |
| Shares outstanding | |||||
| Shares outstanding | 0.04bn | 0.04bn | 0.04bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)5 of 9
- Profit backed by cash (accruals)No
- Debt0.55× equity
- Revenue growth, five yearsStrong, 10.1% a year
- Buying back its own sharesYes, 18% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $795 million last quarter, up 8% on a year ago.
- Profit: $745,000, down 98% on a year ago.
- It keeps 1 cents of each $1 of sales as operating profit, down from 6 cents a year earlier.
- Spare cash over the past 12 months: $57 million, down from $262 million.
- About the same number of shares as a year ago.
- Debt is $414 million more than cash, down from $433 million a year ago.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $788m |
| December 2024 | $662m |
| March 2025 | $702m |
| June 2025 | $735m |
| September 2025 | $752m |
| December 2025 | $656m |
| March 2026 | $731m |
| June 2026 | $795m |
| Quarter to | Amount |
|---|---|
| September 2024 | $73m |
| December 2024 | $46m |
| March 2025 | -$50m |
| June 2025 | $43m |
| September 2025 | -$54m |
| December 2025 | $15m |
| March 2026 | -$124m |
| June 2026 | $745,000 |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 November 2025
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
10 long-term investors we follow own it, up from 9 last quarter. 325 funds in all.
- Chou AssociatesFrancis Chou
- Value
- $638,736
- Share of fund
- 0.3%
- GAMCO InvestorsMario Gabelli
- Value
- $340,963
- Share of fund
- <0.1%
- Barrow HanleyBarrow Hanley team
- Value
- $11,710
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gates Capital ManagementJeff Gates | $130m | 4.3% | Cut |
| LSV Asset ManagementJosef Lakonishok | $83m | 0.2% | Added |
| Irenic CapitalAdam Katz | $39m | 2.8% | Added |
| Boston PartnersBoston Partners team | $28m | <0.1% | New |
| Hotchkis & WileyHotchkis & Wiley team | $11m | <0.1% | Cut |
| Chou AssociatesFrancis Chou | $638,736 | 0.3% | |
| GMOJeremy Grantham | $507,263 | <0.1% | Cut |
| GAMCO InvestorsMario Gabelli | $340,963 | <0.1% | |
| Gotham Asset ManagementJoel Greenblatt | $296,100 | <0.1% | Cut |
| Barrow HanleyBarrow Hanley team | $11,710 | <0.1% |
Largest holders overall
- BlackRock$237mAdded
- Vanguard Portfolio Management$161m
- American Century Companies$135mAdded
- Gates Capital Management$130mCut
- Vanguard Capital Management$116m
- Dimensional Fund Advisors LP$99mAdded
- LSV Asset Management$83mAdded
- State Street$69mAdded
- Geode Capital Management$69mAdded
- Earnest Partners$59m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- BlackRock, Inc.Passive investor7.3%Since 30 September 2025
- Vanguard Portfolio ManagementPassive investor6.3%Since 31 March 2026
- American Century Investment Management, Inc.Passive investorat least 5.3%(filed with 3 related holders)Since 30 June 2026
- Vanguard Capital ManagementPassive investor5.3%Since 31 March 2026
- Gates Capital Management GP, LLCPassive investorat least 5.1%−2.7 pts(filed with 2 related holders)Since 30 June 2026
- First Trust Portfolios L.P.Passive investorat least 3.9%−1.1 pts(filed with 2 related holders)Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 7.3% | 30 September 2025 | |
Vanguard Portfolio Management Passive investor | 6.3% | 31 March 2026 | |
American Century Investment Management, Inc. Passive investor | at least 5.3% (filed with 3 related holders) | 30 June 2026 | |
Vanguard Capital Management Passive investor | 5.3% | 31 March 2026 | |
Gates Capital Management GP, LLC Passive investor | at least 5.1%−2.7 pts (filed with 2 related holders) | 30 June 2026 | |
First Trust Portfolios L.P. Passive investor | at least 3.9%−1.1 pts (filed with 2 related holders) | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $607,697, $130,530 of it under preset trading plans.
- Lamps Mark F.Pres. Safety & InfrastructureSold
- Date
- 10 August 2026
- Shares
- 300
- Price
- $93.75
- Value
- $28,125
- Kershaw Justin ADirectorSold
- Date
- 8 May 2026
- Shares
- 2,799
- Price
- $73.67
- Value
- $206,202
- James Wilbert W JrDirectorSold
- Date
- 8 May 2026
- Shares
- 3,299
- Price
- $73.61
- Value
- $242,839
- Lamps Mark F.Pres. Safety & InfrastructureSoldunder a preset trading plan
- Date
- 17 February 2026
- Shares
- 1,000
- Price
- $65.78
- Value
- $65,780
- Lamps Mark F.Pres. Safety & InfrastructureSoldunder a preset trading plan
- Date
- 17 November 2025
- Shares
- 1,000
- Price
- $64.75
- Value
- $64,750
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 10 August 2026 | Lamps Mark F. Pres. Safety & Infrastructure | Sold | 300 | $93.75 | $28,125 |
| 8 May 2026 | Kershaw Justin A Director | Sold | 2,799 | $73.67 | $206,202 |
| 8 May 2026 | James Wilbert W Jr Director | Sold | 3,299 | $73.61 | $242,839 |
| 17 February 2026 | Lamps Mark F. Pres. Safety & Infrastructure | Sold under a preset trading plan | 1,000 | $65.78 | $65,780 |
| 17 November 2025 | Lamps Mark F. Pres. Safety & Infrastructure | Sold under a preset trading plan | 1,000 | $64.75 | $64,750 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Nov 2025, plus the 10-Q filed 4 Aug 2026 and 10 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It isn't cheap on profits: 26.6× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.