Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
AtkinsRealis Group Inc
Physical assets are 6.1% of total assets, a light footprint. Capex is 0.63x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 11.3%, above an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 15.26x.
Physical asset ratio
6.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
15.26x
Revenue per dollar of the physical asset base.
Capex / D&A
0.63x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$8.12
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
10.72x
Price $87.07.
Fixed-charge coverage
6.90x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
2.1%
Latest free cash flow divided by current market cap ($13.73B).
ROIC
11.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.93x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 4.5% | 20.47x | 0.47x | -$15.01 | -0.87x | -$456.47M | — | 0.06x |
| 2019 | 8.5% | 8.16x | 0.30x | -$2.15 | 4.24x | -$477.72M | 2.4% | 0.15x |
| 2020 | 7.1% | 9.58x | 0.21x | -$8.00 | -0.21x | $45.66M | — | -0.37x |
| 2021 | 7.2% | 10.57x | 0.39x | -$4.76 | 1.23x | $27.91M | -6.7% | -0.44x |
| 2022 | 6.8% | 12.01x | 0.44x | -$4.77 | 0.26x | -$355.19M | — | 0.20x |
| 2023 | 5.9% | 14.53x | 0.37x | -$1.77 | 0.88x | -$25.82M | 6.9% | 0.69x |
| 2024 | 6.3% | 14.06x | 0.65x | $0.15 | 2.66x | $365.86M | 7.1% | 0.70x |
| 2025 | 6.1% | 15.26x | 0.63x | $8.12 | 6.90x | $284.70M | 11.3% | 0.93x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $718.24M
Inventory: $46.08M
Total assets: $12.53B
Goodwill: $3.93B
Intangibles: $249.43M
Liabilities: $6.96B
Tangible book: $1.39B
Shares: 170,512,000
Revenue: $10.96B
Capex: $176.58M
D&A: $282.41M
EBITDA: $3.45B
Interest: $130.76M
Short-term debt: $343.89M
Free cash flow: $284.70M
Operating income: $666.56M
Invested capital: $5.14B
Tax rate: 13.0%