Americold Realty Trust (COLD) intrinsic value & 10-year financials
Americold Realty Trust (COLD) has a Graham intrinsic value of $2.00 per share. At $13.72 on Oct 20, 2026, the stock trades 586% above that value. Over the last 10 fiscal years revenue grew 6.3% a year to $2.5B, with an average return on invested capital of 0.1%.
- Graham intrinsic value
- $2.00
- Share price (Oct 20, 2026)
- $13.72
- Price vs Graham value
- 586% above
- Market cap
- $3.9B
- Revenue (FY2025)
- $2.5B
- Revenue growth (10-yr CAGR)
- 6.3%
- ROIC (10-yr avg)
- 0.1%
- Free cash flow (FY2025)
- -$217.2M
COLD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.5B | -$114.5M | -$0.40 | -$217.2M | 0.3% | 0.2% |
| FY2024 | $2.6B | -$94.3M | -$0.33 | $102.4M | 4.8% | 3.3% |
| FY2023 | $2.6B | -$336.2M | -$1.22 | $101.7M | -4.1% | -2.9% |
| FY2022 | $2.9B | -$19.4M | -$0.07 | -$8.4M | 3.1% | 1.1% |
| FY2021 | $2.7B | -$30.5M | -$0.12 | -$165.1M | 2.7% | 1.2% |
| FY2020 | $2.0B | $24.5M | $0.11 | -$83.1M | 8.6% | 2.9% |
| FY2019 | $1.8B | $48.2M | $0.26 | $19.0M | 7.5% | 10.4% |
| FY2018 | $1.6B | $48.0M | $0.31 | $43.0M | 11.4% | 69.2% |
| FY2017 | $1.5B | -$608.0K | -$0.21 | $14.3M | 9.0% | -40.7% |
| FY2016 | $1.5B | $4.9M | -$0.17 | $43.9M | 9.0% | -44.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMERICOLD REALTY TRUST has demonstrated mature, steady growth, with revenue compounding at 6.3% annually over the past decade.
AMERICOLD REALTY TRUST has historically struggled to out-earn its cost of capital, averaging just 2.0% ROIC.
AMERICOLD REALTY TRUST has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AMERICOLD REALTY TRUST is modeled at 6.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.00 per share.