Atmus Filtration Technologies Inc. (ATMU) Stock

Atmus Filtration Technologies Inc. (ATMU) is a Consumer Discretionary stock trading at $49.35 (as of 2026-08-20), with a market capitalization of $4.03B and a trailing P/E of 18.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Atmus Filtration Technologies Inc. designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. It offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, and coolants, as well as fuel additives. The company's products are used in on-highway and off-highway commercial vehicles; and agriculture, construction, mining, and power generation vehicles and equipment. It serves original equipment manufacturers, dealers/distributors, and end-users. The company was founded in 1958 and is headquartered in Nashville, Tennessee. Atmus Filtration Technologies Inc. operates as a subsidiary of Cummins Inc.

Understand Atmus Filtration Technologies Inc.: how it makes money

Atmus Filtration Technologies designs, manufactures, and sells Fleetguard-branded filtration products and related fluid products for commercial vehicles and non-road equipment, generating revenue by selling to OEMs, dealers and distributors, and end users across an aftermarket replacement cycle and first fit supply.

With 86% of revenue from aftermarket (versus 14% first fit), the profit model is structurally tied more to replacement demand for filtration and related products than to new vehicle build schedules.

Revenue by segment (latest quarter)
Power Solutions$0.4B
Industrial Solutions$0.0B

Business quality (Solid): The provided snapshot highlights the aftermarket-driven mix (86%) and product concentration (Power Solutions), but it does not include segment margin detail or forward guidance, limiting how precisely investors can underwrite operating leverage.

Valuation: At 20× earnings, ATMU trades in line with the Automobiles & Trucks average (20×). Note: one-time items can distort reported P/E.

Bull case

  • Aftermarket is the dominant revenue source: Aftermarket Revenue Mix is 86%, which indicates a large portion of sales is linked to ongoing replacement demand for filters and related products.
  • Broad aftermarket distribution footprint: Independent Aftermarket Retail Outlets are listed at about 45,000, suggesting wide access to the aftermarket channel.

Bear case

  • Revenue concentration in the main segment: Power Solutions Net Sales are about 0.44B versus Industrial Solutions Net Sales of about 0.04B, indicating a heavy tilt toward one business area.
  • Less revenue from first fit: First Fit Revenue Mix is 14%, so growth tied to new OEM supply is a smaller part of the mix than aftermarket replacement.
Valuation — source: SEC EDGAR (first-party)
Price$49.35
Market Cap$4.03B
P/E Ratio18.7
EV / EBITDA13.1
Price / Book8.85
Price / Sales2.12
FCF Yield4.7%
DCF Value (model)$45.45
DCF Upside vs Price-7.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.76B
Net Margin11.8%
Revenue Growth (YoY)16.4%
EPS Growth (YoY)6.8%
FCF Growth (YoY)100.0%
Financial Health — source: SEC EDGAR
Altman Z-Score5.46 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E18.7
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Automobiles & Trucks)17.2
vs Sector-8.6%
vs Industry8.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($407.09M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEORenee Swan
Employees4,500
CountryUS
IPO Date2023-05-26

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ATMU earnings history · ATMU institutional & insider holders · ATMU KPIs & operating metrics · ATMU financials · ATMU investor presentations & press releases · ATMU SEC filings · ATMU peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.