Analyst Ratings

Date	Action	Analyst	Rating	Target
May-28-26	Reiterated	Keybanc	Overweight	$43 → $58
May-26-26	Reiterated	RBC Capital	Outperform	$45 → $56
Mar-12-26	Reiterated	Truist Financial		$52 → $57
Mar-02-26	Reiterated	Goldman Sachs		$60
Jan-29-26	Initiated	BMO Capital	Outperform	$55
Jan-20-26	Reiterated	Truist Financial		$53 → $52
Nov-26-25	Reiterated	Truist Financial		$46 → $53
Nov-20-25	Reiterated	Morgan Stanley	Overweight	$52 → $55
Nov-17-25	Reiterated	Morgan Stanley	Overweight	$48 → $52
Oct-17-25	Reiterated	JMP Securities	Market Outperform	$35 → $50

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	2,371	2,260	2,071	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	2,143	2,220	1,654
Gross Profit	226	40	417
Selling, General and Administrative Excl. Other	42	0	101
Research and Development	0	0	0
Other Operating Expense	14	-128	179
Operating Income	170	168	137
Interest Expense	82	86	128
Unusual Expense	—	—	—
Non-Operating Income (Expense)	32	33	43
Net Income Before Taxes	79	49	-34
Income Taxes	-23	-22	2
Consolidated Net Income	101	70	-38
Net Income From Continuing Operations	102	71	-36
Net Income	101	70	-38
EPS (Recurring)	0.58	0.42	-0.29
EPS (Basic, Before Extraordinaries)	0.58	0.42	-0.29
EPS (Diluted)	0.58	0.42	-0.29
EBITDA	363	322	315
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	80.21	112.05	—
Price To Sales Ratio	3.67	3.46	—
Gross Margin	9.53	1.77	20.14
Operating Margin	7.17	7.43	6.62
Net Margin	4.26	3.10	-1.83
Shares Outstanding	187	166	131
Market Capitalization	8,699	7,812	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Foster Mark E.	EVP, GC & Secretary	Apr 06 '26	Option Exercise	0.00	5,972	0	59,107	Apr 08 12:00 AM
Oh Stefan K.L.	Chief Investment Officer	Apr 06 '26	Option Exercise	0.00	6,370	0	98,615	Apr 08 12:00 AM
Willhite Gabriel M	Chief Operating Officer	Apr 06 '26	Option Exercise	0.00	13,536	0	151,819	Apr 08 12:00 AM
PEAY BRIAN	Chief Financial Officer	Apr 06 '26	Option Exercise	0.00	13,536	0	181,354	Apr 08 12:00 AM
Prosky Danny	Director	Apr 06 '26	Option Exercise	0.00	31,848	0	355,065	Apr 08 12:00 AM
Willhite Gabriel M	Chief Operating Officer	Mar 25 '26	Option Exercise	0.00	30,410	0	147,841	Mar 27 12:00 AM
PEAY BRIAN	Chief Financial Officer	Mar 25 '26	Option Exercise	0.00	43,844	0	178,756	Mar 27 12:00 AM
Prosky Danny	Director	Mar 25 '26	Option Exercise	0.00	103,594	0	349,782	Mar 27 12:00 AM
Foster Mark E.	EVP, GC & Secretary	Mar 25 '26	Option Exercise	0.00	22,216	0	60,100	Mar 27 12:00 AM
Foster Mark E.	EVP, GC & Secretary	Mar 25 '26	Sale	48.55	2,000	97,100	56,121	Mar 27 12:00 AM
Oh Stefan K.L.	Chief Investment Officer	Mar 25 '26	Option Exercise	0.00	28,474	0	98,018	Mar 27 12:00 AM
Foster Mark E.	EVP, GC & Secretary	Mar 12 '26	Option Exercise	0.00	11,944	0	55,887	Mar 16 12:00 AM
Oh Stefan K.L.	Chief Investment Officer	Mar 12 '26	Option Exercise	0.00	12,740	0	91,875	Mar 16 12:00 AM
Willhite Gabriel M	Chief Operating Officer	Mar 12 '26	Option Exercise	0.00	27,068	0	144,886	Mar 16 12:00 AM
PEAY BRIAN	Chief Financial Officer	Mar 12 '26	Option Exercise	0.00	27,068	0	171,121	Mar 16 12:00 AM


Market Cap	9.62B	Forward P/E	57.17	EPS next Y	0.81	Insider Trans	0.38%	Shs Float	-	Perf Month	-8.44%


Enterprise Value	11.05B	PEG	0.07	EPS next Q	0.14	Inst Own	-	Short Float	-	Perf Quarter	-9.00%


Income	110.59M	P/S	4.06	EPS this Y	-1.77%	Inst Trans	-	Short Ratio	-	Perf Half Y	-2.31%


Sales	2.37B	P/B	2.50	EPS next Y	42.81%	ROA	1.79%	Short Interest	-	Perf YTD	-1.15%


Book/sh	34.96	P/C	27.07	EPS next 5Y	-	ROE	3.37%	52W High	54.67 -14.91%	Perf Year	31.19%


Cash/sh	1.18	P/FCF	40.84	EPS past 3/5Y	-	ROIC	3.06%	52W Low	35.09 32.57%	Perf 3Y	-


Dividend Est.	1.00 (2.15%)	EV/EBITDA	30.47	Sales past 3/5Y	11.78% 13.78%	Gross Margin	9.57%	Volatility	1.76% 2.07%	Perf 5Y	-


Dividend TTM	1.00 (2.15%)	EV/Sales	4.66	EPS Y/Y TTM	300.00%	Oper. Margin	7.22%	ATR (14)	1.37	Perf 10Y	-


Dividend Ex-Date	Mar 31, 2026	Quick Ratio	2.85	Sales Y/Y TTM	14.49%	Profit Margin	4.23%	RSI (14)	41.39	Recom	2.00


Dividend Gr. 3/5Y	-	Current Ratio	2.85	EPS Q/Q	-	SMA20	-2.39%	Beta	0.15	Target Price	57.20


Payout	170.25%	Debt/Eq	0.44	Sales Q/Q	20.33%	SMA50	-5.28%	Rel Volume	2.86	Prev Close	46.52


Employees	114	LT Debt/Eq	0.34	Earnings	Aug 06	SMA200	-2.42%	Avg Volume	2.54M	Price	46.52


IPO Date	Feb 07, 2024	Option/Short	Yes / Yes	EPS/Sales Surpr.	-19.20% -2.54%	Net Debt/EBITDA	3.94	Volume	7,281,722	Change	0.00%

AHR