Americold Realty Trust (COLD) financial statements
Americold Realty Trust reported revenue of $2.6B in fiscal 2025, up 6.4% a year over 9 years.
Net income was -$115M and the operating margin 0.3%, against 8.9% in 2016.
Free cash flow was -$217M, and the company returned $261M in dividends.
The diluted share count rose 309% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Americold Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.6B | $1.8B | $2.0B | $2.7B | $2.9B | $2.7B | $2.7B | $2.6B |
| Cost of revenue | — | — | — | — | — | — | $2.2B | $1.9B | $1.8B | $1.8B |
| Gross profit | — | — | — | — | — | — | $696M | $771M | $847M | $839M |
| Selling, general and admin | $97M | $100M | $111M | $129M | $145M | $182M | $231M | $227M | $255M | $269M |
| Operating income | $132M | $137M | $180M | $131M | $168M | $73M | $88M | -$108M | $124M | $7M |
| Interest expense | $120M | $115M | $93M | $94M | $92M | $99M | $116M | $140M | $135M | $148M |
| Pre-tax income | $11M | $9M | $44M | $43M | $18M | -$31M | -$30M | -$328M | -$103M | -$136M |
| Income tax | $6M | $9M | -$4M | -$5M | -$7M | -$2M | -$19M | -$2M | -$8M | -$20M |
| Net income | $5M | -$608,000 | $48M | $48M | $25M | -$30M | -$19M | -$336M | -$94M | -$115M |
| EPS (diluted) | -$0.35 | -$0.43 | $0.31 | $0.26 | $0.11 | -$0.12 | -$0.07 | -$1.22 | -$0.33 | -$0.40 |
| Diluted shares | 70M | 70M | 144M | 184M | 207M | 259M | 270M | 276M | 285M | 286M |
| Gross margin | — | — | — | — | — | — | 23.9% | 28.8% | 31.8% | 32.3% |
| Operating margin | 8.9% | 8.9% | 11.2% | 7.4% | 8.5% | 2.7% | 3.0% | -4.1% | 4.7% | 0.3% |
| Net margin | 0.3% | -0.0% | 3.0% | 2.7% | 1.2% | -1.1% | -0.7% | -12.6% | -3.5% | -4.4% |
Balance sheet
Fiscal years, from Americold Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $23M | $49M | $208M | $234M | $621M | $83M | $53M | $60M | $48M | $137M |
| Inventory | — | $10M | $8M | $9M | $22M | $27M | $29M | $7M | $7M | $7M |
| Property, plant and equipment | — | $1.8B | $1.8B | $2.9B | $4.8B | $5.1B | $5.1B | $5.1B | $5.0B | $5.3B |
| Goodwill | $187M | $188M | $186M | $318M | $794M | $1.1B | $1.0B | $794M | $784M | $828M |
| Total assets | — | $2.4B | $2.5B | $4.2B | $7.8B | $8.2B | $8.1B | $7.9B | $7.7B | $8.1B |
| Total liabilities | — | $2.2B | $1.8B | $2.3B | $4.0B | $4.2B | $4.3B | $4.2B | $4.4B | $5.2B |
| Shareholders' equity | -$149M | -$187M | $707M | $1.8B | $3.8B | $4.0B | $3.8B | $3.6B | $3.3B | $2.9B |
| Net debt | -$23M | -$49M | -$208M | -$234M | -$621M | -$83M | -$53M | -$60M | -$48M | -$137M |
Cash flow
Fiscal years, from Americold Realty Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $119M | $163M | $188M | $236M | $294M | $273M | $300M | $366M | $412M | $360M |
| Capital spending | $75M | $149M | $145M | $217M | $377M | $438M | $308M | $264M | $309M | $577M |
| Free cash flow | $44M | $14M | $43M | $19M | -$83M | -$165M | -$8M | $102M | $102M | -$217M |
| Stock-based compensation | $2M | $2M | $11M | $16M | $18M | $24M | $27M | $24M | $28M | $30M |
| Dividends paid | $20M | $20M | $77M | $135M | $167M | $228M | $239M | $242M | $252M | $261M |
| Free cash flow margin | 2.9% | 0.9% | 2.7% | 1.1% | -4.2% | -6.1% | -0.3% | 3.8% | 3.8% | -8.3% |
| Dividends per share | $0.29 | $0.29 | $0.53 | $0.74 | $0.81 | $0.88 | $0.89 | $0.88 | $0.89 | $0.91 |
Questions
What was Americold Realty Trust's revenue in 2025?
$2.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Americold Realty Trust generate?
-$217M in fiscal 2025 (operating cash flow minus capital spending).
From Americold Realty Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.