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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Atour Lifestyle Holdings Limited, operating through its subsidiaries, manages a substantial hotel chain across China. The company distinguishes itself by offering a range of themed hotels, including concepts like music, basketball, and literary hotels, designed to cater to diverse interests and lifestyles across various age demographics. As of March 31, 2021, its extensive hotel footprint covered 131 cities within China, comprising 608 hotels with a combined total of 71,121 rooms.
How they make money
Atour operates a hospitality and retail business model in China. It generates revenue primarily through manachised and leased hotel operations, including management fees and room revenue, alongside a scenario-based retail business focused on sleep-related products.
Products & services
Hospitality services including hotel management and operation, and retail sales of sleep-related products such as mattresses, pillows, and bedding.
Brands & revenue mix
Atour Planet
Flagship retail brand focusing on the sleep category.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Overall investment score · Quality, value, risk and opportunity
74
Strong
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
89
Strong
Financial Strength
83
Business Quality / Moat
100
Management
100
Growth Quality
74
Risk / Durability
84
Great Company · Attractive Price
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
86
Attractive
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
85/100
Building Historical Record
Model Score 85/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is strong across its combined quality, valuation and risk inputs. Review Company Quality separately to assess the business without its share price.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
What we like
•Strong overall Wall Street Score
•Balance-sheet / debt profile scores strongly
•Valuation scores attractively
•Recent buyback activity is present
What to watch
No material warning is currently being highlighted from the available summary data.
Company-specific research
Questions worth answering for ATAT
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can ATAT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is ATAT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is ATAT likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•Is ATAT's valuation discount tied to a temporary concern or to a longer-term business risk?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ATAT
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on ATAT.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Leading upper midscale hotel chain in China by room count.
+Large loyalty program membership base.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Travel Lodging industry.
−Dependence on hotel franchisees for network expansion and operational performance.
−Regulatory and economic risks in the Chinese hospitality and retail markets.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Strong74/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
98
Debt Cost0.3%
Debt Reduction YoY11.9%
Debt / Equity0.42x
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Revenue
Fair
54
Revenue YoY19.6%
Revenue CAGR44.9%
Net Margin16.8%
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Asset
Fair
51
Asset Growth YoY16.4%
Liquidation/Share$3.58
Net Assets/MCap0.24x
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Capital
Fair
55
Earnings Yield6.5%
Buyback Yield0.3%
Debt Cost0.3%
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Management
Elite
100
ROIC217.4%
ROE58.2%
ROA22.6%
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Moat
Elite
100
EPS Growth90.7%
FCF/Share Growth109.4%
Rev/Share Growth45.2%
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Valuation
Elite
93
Intrinsic Value$81.85
Value Reference$49.11
MOS59.3%
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Buffett
Strong
82
Revenue54
Moat100
Valuation93
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MOS
Elite
100
MOS %59.3%
Value Reference$49.11
Deep Discount Reference$32.74
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Financial
Fair
63
Interest Coverage542.9x
ROIC217.4%
FCF Yield6.1%
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Master
Strong
74
Financial63
Valuation93
Debt98
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Resilience
Elite
92
Survival Years3.4 yrs
Current Ratio1.97x
FCF Margin18.9%
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Score Changes
6 historical score records available
Previous Score
74
Sep 8, 2026
Change
+0.3
points
Current Score
74
Oct 1, 2026
Category Changes
Revenue+0.2
Debt0
Assets+0.1
Capital+2.0
Management0
Moat0
Valuation0
Buffett+0.1
ATAT increased 0.3 points because Capital improved by 2 points.
Positive Contributors
+ Capital improved by 2 points
Projected Score
Projected Score
77
Projected Change
+2.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.8 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
Revenue
$1.74B
$1.46B
$1.08B
$694.7M
····
····
····
····
Cost of Revenue
$989.5M
$812.5M
$624.1M
$410.0M
····
····
····
····
Gross Profit
$753.5M
$645.0M
$455.0M
$284.6M
····
····
····
····
Research & Development
$30.2M
$26.5M
$20.0M
$11.5M
····
····
····
····
SG&A Expenses
$350.5M
$298.7M
$197.3M
$137.1M
····
····
····
····
Operating Expenses
$344.7M
$301.6M
$213.5M
$147.1M
····
····
····
····
EBITDA
$422.5M
$360.5M
$266.1M
$159.6M
····
····
····
····
Operating Income
$408.7M
$343.4M
$241.5M
$137.6M
····
····
····
····
Interest Expense
$910K
$633K
$463K
$745K
····
····
····
····
Income Before Tax
$424.5M
$351.8M
$255.9M
$146.2M
····
····
····
····
Income Tax Expense
$132.3M
$110.4M
$66.4M
$36.2M
····
····
····
····
Net Income
$292.3M
$241.3M
$189.9M
$109.7M
····
····
····
····
Basic EPS
$2.13
$1.70
$1.38
$0.79
····
····
····
····
Basic Shares
135M
139M
138M
138M
····
····
····
····
Diluted Shares
137M
140M
139M
138M
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
Debt reduced
What Weakened
Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 41.0%. EPS increased 31.7%. Cash increased 44.6%. Total debt declined 23.7%. Net income margin declined by 1.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.