ATI Inc (ATI)
ATI Inc. produces and sells specialty materials and complex components worldwide. It operates in two segments, High Performance Materials & Components, and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, and metallic powder alloys, as well as long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, seamless tubes, plus precision forgings, components, and machined parts. It also offers zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in various forms, such as plate, sheet, and precision rolled strip products. In addition, the company provides hot-rolling conversion services comprising carbon steel products. It serves medical and specialty energy, aerospace and defense, construction and mining, transportation, oil and gas, automotive, food equipment and appliances, and mining markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1996 and is headquartered in Dallas, Texas.
- Symbol
- ATI
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Metal Fabrication
- Market cap
- $25.08B
- 52 week range
- 75.02 - 243.57
Valuation
- Share price
- $184.18 (close of 2026-09-23)
- P/E (TTM)
- 52.77x
- Price to book
- 12.55x
- Price to free cash flow
- 47.65x
- Enterprise value
- $26.49B
- Book value per share
- $14.67
Price performance
| Period | Change |
|---|
| 1 day | -2.63% |
| 5 days | -1.34% |
| 1 month | -11.03% |
| 3 months | -7.73% |
| 6 months | +25.82% |
| Year to date | +60.49% |
| 1 year | +135.86% |
| 3 years | +336.45% |
| 5 years | +997.62% |
| 10 years | +949.46% |
| All time | +629.43% |
Profitability and growth
- Return on equity
- 21.09%
- Return on invested capital
- 16.53%
- Return on assets
- 7.93%
- Return on capital employed
- 15.66%
- Gross margin
- 21.95%
- Net margin
- 8.81%
- EBITDA margin
- 17.64%
- Revenue growth
- 5.16%
- Net income growth
- 9.92%
- Free cash flow growth
- 98.51%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.10%
- Current ratio
- 2.33x
- Net debt to EBITDA
- 1.60x
Latest reported year
- Period end
- 2025-12-28
- Fiscal year
- 2025
- Revenue
- $4.59B
- Cost of revenue
- $3.58B
- Gross profit
- $1.01B
- EBITDA
- $809.00M
- Net income
- $404.30M
- Earnings per share
- $2.92
- Research and development
- $21.30M
- Shares outstanding
- 138.60M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-28 | $4.59B | $1.01B | $404.30M | $2.92 |
| 2024-12-29 | $4.36B | $898.20M | $367.80M | $2.82 |
| 2023-12-31 | $4.17B | $802.60M | $410.80M | $3.21 |
| 2023-01-01 | $3.84B | $714.20M | $323.50M | $2.54 |
| 2022-12-31 | $3.84B | $714.20M | $130.90M | $1.03 |
| 2022-01-02 | $2.80B | $333.20M | $184.60M | $1.45 |
| 2021-12-31 | $2.80B | $333.20M | $-38.20M | $-0.30 |
| 2020-12-31 | $2.98B | $292.80M | $-1.57B | $-12.43 |
| 2019-12-31 | $4.12B | $638.00M | $252.50M | $2.01 |
| 2018-12-31 | $4.05B | $630.30M | $222.40M | $1.78 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-28 | 21.95% | 8.81% | 21.09% | 16.53% |
| 2024-12-29 | 20.59% | 8.43% | 18.81% | 16.15% |
| 2023-12-31 | 19.23% | 9.84% | 27.75% | 15.99% |
| 2023-01-01 | 18.62% | 8.43% | 27.96% | 12.95% |
| 2022-12-31 | 18.62% | 3.41% | 11.31% | 11.71% |
| 2022-01-02 | 11.90% | 6.59% | 22.17% | 21.86% |
| 2021-12-31 | 11.90% | -1.36% | -4.59% | 21.86% |
| 2020-12-31 | 9.82% | -52.73% | -245.18% | -1020.92% |
| 2019-12-31 | 15.48% | 6.12% | 11.51% | 20.28% |
| 2018-12-31 | 15.58% | 5.50% | 11.17% | 21.72% |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-28 | $416.70M |
| 2024-12-29 | $721.20M |
| 2023-12-31 | $743.90M |
| 2023-01-01 | $584.00M |
| 2022-12-31 | $584.00M |
| 2022-01-02 | $687.70M |
| 2021-12-31 | $687.70M |
| 2020-12-31 | $645.90M |
| 2019-12-31 | $490.80M |
| 2018-12-31 | $382.00M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-28 | $333.70M | $29.00M |
| 2024-12-29 | $168.10M | $34.10M |
| 2023-12-31 | $-114.80M | $29.10M |
| 2023-01-01 | $94.00M | $26.00M |
| 2022-12-31 | $94.00M | $26.00M |
| 2022-01-02 | $-136.50M | $21.10M |
| 2021-12-31 | $-136.50M | $21.10M |
| 2020-12-31 | $30.40M | $2.90M |
| 2019-12-31 | $61.90M | - |
| 2018-12-31 | $253.60M | - |
Dividend history
- Most recent payment
- 2016-08-16
| Payment date | Dividend per share |
|---|
| 2016-08-16 | $0.08 |
| 2016-05-25 | $0.08 |
| 2016-03-09 | $0.08 |
| 2015-12-17 | $0.08 |
| 2015-08-17 | $0.18 |
| 2015-05-22 | $0.18 |
| 2015-03-09 | $0.18 |
| 2014-12-12 | $0.18 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $1.35
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $1.03 |
| 2026-04-30 | - | - |
| 2026-02-03 | - | - |
| 2025-10-28 | - | - |
| 2025-08-04 | - | - |
| 2025-07-31 | - | - |
| 2025-05-01 | - | - |
| 2025-04-28 | - | - |
Filings and sources
- Company website
- atimaterials.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
General Electric Co (GE) · RTX Corp (RTX) · Boeing Co (BA) · Lockheed Martin Corp (LMT) · Howmet Aerospace Inc. (HWM) · Northrop Grumman Corp (NOC) · TransDigm Group Inc (TDG) · L3Harris Technologies, Inc. (LHX)
All Industrials companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades