ATS vs. BTG

Last updated Apr 1, 2026

Compare and contrast key facts about ATS Corporation (ATS) and B2Gold Corp. (BTG).

Performance

ATS vs. BTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ATS Corporation (ATS) and B2Gold Corp. (BTG). The values are adjusted to include any dividend payments, if applicable.

ATS vs. BTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATS ATS Corporation	2.40%	-9.65%	-29.23%	39.27%	-22.16%	128.07%	5.58%	55.37%	-10.46%	27.39%
BTG B2Gold Corp.	0.83%	88.95%	-18.07%	-7.22%	-5.13%	-26.97%	42.35%	37.72%	-5.81%	30.80%

Fundamentals

Market Cap ATS : $2.77B BTG : $7.32B
EPS ATS : $0.19 BTG : $0.27
PE Ratio ATS : 146.82 BTG : 17.09
PEG Ratio ATS : 3.69 BTG : 0.02
PS Ratio ATS : 0.99 BTG : 2.25
PB Ratio ATS : 1.56 BTG : 2.04
Total Revenue (TTM) ATS : $2.80B BTG : $3.07B
Gross Profit (TTM) ATS : $724.32M BTG : $1.53B
EBITDA (TTM) ATS : $227.47M BTG : $1.60B

Returns By Period

In the year-to-date period, ATS achieves a 2.40% return, which is significantly higher than BTG's 0.83% return. Over the past 10 years, ATS has outperformed BTG with an annualized return of 13.72%, while BTG has yielded a comparatively lower 12.95% annualized return.

ATS

• 1D: 3.98%
• 1M: -11.74%
• YTD: 2.40%
• 6M: 7.63%
• 1Y: 13.12%
• 3Y*: -12.18%
• 5Y*: 5.21%
• 10Y*: 13.72%

BTG

• 1D: 7.35%
• 1M: -26.18%
• YTD: 0.83%
• 6M: -7.73%
• 1Y: 61.92%
• 3Y*: 9.06%
• 5Y*: 4.36%
• 10Y*: 12.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ATS vs. BTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATS

ATS Risk / Return Rank: 50
ATS Sharpe Ratio Rank: 51
ATS Sortino Ratio Rank: 50
ATS Omega Ratio Rank: 48
ATS Calmar Ratio Rank: 50
ATS Martin Ratio Rank: 49

BTG

BTG Risk / Return Rank: 74
BTG Sharpe Ratio Rank: 78
BTG Sortino Ratio Rank: 72
BTG Omega Ratio Rank: 71
BTG Calmar Ratio Rank: 74
BTG Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATS vs. BTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ATS Corporation (ATS) and B2Gold Corp. (BTG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ATS	BTG	Difference
Sharpe ratio Return per unit of total volatility	0.28	1.15	-0.87
Sortino ratio Return per unit of downside risk	0.81	1.65	-0.84
Omega ratio Gain probability vs. loss probability	1.10	1.22	-0.12
Calmar ratio Return relative to maximum drawdown	0.34	1.64	-1.30
Martin ratio Return relative to average drawdown	0.70	3.92	-3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATS vs. BTG - Sharpe Ratio Comparison

The current ATS Sharpe Ratio is 0.28, which is lower than the BTG Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of ATS and BTG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ATS	BTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	1.15	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.10	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.27	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.14	+0.22

Correlation

The correlation between ATS and BTG is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ATS vs. BTG - Dividend Comparison

ATS has not paid dividends to shareholders, while BTG's dividend yield for the trailing twelve months is around 1.77%.

	TTM	2025	2024	2023	2022	2021	2020	2019
ATS ATS Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BTG B2Gold Corp.	1.77%	1.77%	6.56%	5.06%	4.48%	4.07%	1.96%	0.25%

Drawdowns

ATS vs. BTG - Drawdown Comparison

The maximum ATS drawdown since its inception was -56.76%, smaller than the maximum BTG drawdown of -85.97%. Use the drawdown chart below to compare losses from any high point for ATS and BTG.

Drawdown Indicators

	ATS	BTG	Difference
Max Drawdown Largest peak-to-trough decline	-56.76%	-85.97%	+29.21%
Max Drawdown (1Y) Largest decline over 1 year	-25.80%	-36.63%	+10.83%
Max Drawdown (5Y) Largest decline over 5 years	-56.76%	-50.61%	-6.15%
Max Drawdown (10Y) Largest decline over 10 years	-56.76%	-63.35%	+6.59%
Current Drawdown Current decline from peak	-42.13%	-26.77%	-15.36%
Average Drawdown Average peak-to-trough decline	-19.63%	-38.52%	+18.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.59%	15.36%	-2.77%

Volatility

ATS vs. BTG - Volatility Comparison

The current volatility for ATS Corporation (ATS) is 14.42%, while B2Gold Corp. (BTG) has a volatility of 19.56%. This indicates that ATS experiences smaller price fluctuations and is considered to be less risky than BTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATS	BTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.42%	19.56%	-5.14%
Volatility (6M) Calculated over the trailing 6-month period	28.89%	45.03%	-16.14%
Volatility (1Y) Calculated over the trailing 1-year period	46.77%	54.19%	-7.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.68%	43.95%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.44%	48.61%	-10.17%

Financials

ATS vs. BTG - Profitability Comparison

The chart below illustrates the profitability comparison between ATS Corporation and B2Gold Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ATS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, ATS Corporation reported a gross profit of 223.79M and revenue of 760.03M. Therefore, the gross margin over that period was 29.4%.

BTG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, B2Gold Corp. reported a gross profit of 559.72M and revenue of 1.07B. Therefore, the gross margin over that period was 52.3%.

ATS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, ATS Corporation reported an operating income of 63.13M and revenue of 760.03M, resulting in an operating margin of 8.3%.

BTG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, B2Gold Corp. reported an operating income of 529.36M and revenue of 1.07B, resulting in an operating margin of 49.5%.

ATS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, ATS Corporation reported a net income of 29.92M and revenue of 760.03M, resulting in a net margin of 3.9%.

BTG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, B2Gold Corp. reported a net income of 173.21M and revenue of 1.07B, resulting in a net margin of 16.2%.