ATI

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ATI Inc.

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Key Metrics

Previous Close: $215.99
52-Week Range: $70.85 – $243.57
Market Cap: $28.49B
P/E (TTM): 63.21
EPS (TTM): 3.31
Dividend Yield: —

Advanced Metrics

Price/Book: 15.18
PEG Ratio: 1.33
Return on Equity: 25.36%
Return on Assets: 8.79%
Gross Margin: 23.65%
Operating Margin: 18.20%
Profit Margin: 10.09%
Current Ratio: 2.33
Debt/Equity: 1.10
Total Debt: $2.19B
Free Cash Flow: $346.69M
Revenue Growth: 10.60%
Earnings Growth: 55.70%
Enterprise Value: $30.02B

ATI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$3.84B	$4.17B	$4.36B	$4.59B
Cost of Revenue	$3.12B	$3.37B	$3.46B	$3.58B
Gross Profit	$714.20M	$802.60M	$898.20M	$1.01B
Selling, General & Admin	$297.50M	$328.10M	$342.30M	$365.10M
Operating Expenses	$297.50M	$328.10M	$342.30M	$365.10M
Operating Income	$416.70M	$474.50M	$555.90M	$641.90M
EBITDA	$589.60M	$547.10M	$761.80M	$801.10M
Pretax Income	$354.60M	$295.20M	$486.10M	$522.30M
Income Tax	$15.50M	-$128.20M	$103.40M	$103.70M
Net Income	$323.50M	$410.80M	$367.80M	$404.30M
Diluted EPS	0.96	2.81	2.55	2.85
Diluted Shares	151.20M	150.00M	146.60M	141.80M

ATI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$584.00M	$743.90M	$721.20M	$416.70M
Receivables	$643.30M	$684.10M	$784.80M	$758.90M
Inventory	$1.20B	$1.25B	$1.35B	$1.40B
Current Assets	$2.48B	$2.74B	$2.94B	$2.68B
Total Assets	$4.45B	$4.99B	$5.23B	$5.10B
Current Liabilities	$963.90M	$977.10M	$1.21B	$1.01B
Long-Term Debt	$1.71B	$2.15B	$1.71B	$1.72B
Total Debt	$1.75B	$2.18B	$1.90B	$1.75B
Total Liabilities	$3.29B	$3.50B	$3.28B	$3.18B
Retained Earnings	-$480.90M	-$70.10M	$64.30M	$468.70M
Shareholders' Equity	$1.05B	$1.37B	$1.85B	$1.80B
Working Capital	$1.51B	$1.76B	$1.74B	$1.67B
Net Debt	$1.16B	$1.44B	$1.17B	$1.33B

ATI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$224.90M	$85.90M	$407.20M	$614.30M
Capital Expenditure	-$130.90M	-$200.70M	-$239.10M	-$280.60M
Free Cash Flow	$94.00M	-$114.80M	$168.10M	$333.70M
Depreciation & Amortisation	$142.90M	$146.10M	$151.50M	$168.10M
Stock-Based Compensation	$26.00M	$29.10M	$34.10M	$29.00M
Investing Cash Flow	-$126.70M	-$193.20M	-$159.60M	-$234.50M
Financing Cash Flow	-$201.90M	$267.20M	-$260.40M	-$699.90M
Share Repurchases	-$145.60M	-$96.40M	-$286.00M	-$504.10M
Net Change in Cash	-$103.70M	$159.90M	-$12.80M	-$320.10M

ATI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.14B	$1.14B	$1.13B	$1.18B	$1.15B
Cost of Revenue	$908.60M	$897.90M	$870.20M	$903.70M	$888.60M
Gross Profit	$235.80M	$242.50M	$255.30M	$273.40M	$262.90M
Selling, General & Admin	$85.00M	$82.80M	$94.60M	$102.70M	$92.10M
Operating Expenses	$85.00M	$82.80M	$94.60M	$102.70M	$92.10M
Operating Income	$150.80M	$159.70M	$160.70M	$170.70M	$170.80M
EBITDA	$185.30M	$200.30M	$213.30M	$202.20M	$205.30M
Pretax Income	$121.50M	$133.30M	$144.60M	$122.90M	$136.60M
Income Tax	$21.00M	$29.30M	$31.00M	$22.40M	$16.10M
Net Income	$97.00M	$100.70M	$110.00M	$96.60M	$118.20M
Diluted EPS	0.67	0.70	0.78	0.69	0.85
Diluted Shares	144.20M	143.10M	140.50M	139.40M	138.60M

ATI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$475.80M	$319.60M	$372.20M	$416.70M	$401.70M
Receivables	$912.90M	$874.30M	$804.20M	$758.90M	$727.50M
Inventory	$1.40B	$1.41B	$1.41B	$1.40B	$1.58B
Current Assets	$2.88B	$2.70B	$2.66B	$2.68B	$2.80B
Total Assets	$5.18B	$5.02B	$5.00B	$5.10B	$5.23B
Current Liabilities	$1.14B	$1.07B	$1.06B	$1.01B	$1.05B
Long-Term Debt	$1.71B	$1.71B	$1.72B	$1.72B	$1.79B
Total Debt	$1.89B	$1.89B	$1.91B	$1.75B	$1.83B
Total Liabilities	$3.20B	$3.16B	$3.18B	$3.18B	$3.35B
Retained Earnings	$161.30M	$262.20M	$372.20M	$468.70M	$586.90M
Shareholders' Equity	$1.87B	$1.74B	$1.71B	$1.80B	$1.77B
Working Capital	$1.74B	$1.63B	$1.60B	$1.67B	$1.76B
Net Debt	$1.42B	$1.57B	$1.53B	$1.33B	$1.43B

ATI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$92.50M	$161.50M	$229.50M	$315.80M	$128.20M
Capital Expenditure	-$53.30M	-$72.10M	-$62.50M	-$92.70M	-$55.20M
Free Cash Flow	-$145.80M	$89.40M	$167.00M	$223.10M	$73.00M
Depreciation & Amortisation	$40.80M	$41.60M	$42.60M	$43.10M	$45.00M
Stock-Based Compensation	$7.20M	$7.40M	$7.70M	$6.70M	$6.40M
Investing Cash Flow	-$50.60M	-$68.60M	-$29.80M	-$85.50M	-$53.60M
Financing Cash Flow	-$107.50M	-$258.30M	-$146.80M	-$187.30M	-$88.80M
Share Repurchases	-$99.50M	-$250.00M	-$150.20M	-$4.40M	-$156.10M
Net Change in Cash	-$250.60M	-$165.40M	$52.90M	$43.00M	-$14.20M

Market Snapshot

About

ATI Inc., formerly Allegheny Technologies, is a global manufacturer of technically advanced specialty materials and complex components serving aerospace and defense, energy, medical, and other industrial markets. The company produces nickel-based alloys, titanium alloys, specialty steels, and advanced powder metals used in jet engine components, airframe structures, medical implants, chemical processing equipment, and energy infrastructure. ATI operates through High Performance Materials & Components (jet engine forgings, castings, specialty alloys) and Advanced Alloys & Solutions (flat-rolled specialty alloys, precision rolled strip products). The company serves customers requiring materials with exceptional strength, corrosion resistance, and temperature performance. Founded in 1996 through the merger of Allegheny Ludlum and Teledyne and headquartered in Dallas, Texas, ATI has transformed into a focused aerospace and defense materials supplier. The company benefits from commercial aerospace recovery, defense spending, and demand for advanced materials in next-generation engines and airframes.