ATI (ATI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ATI

NYSE•Industrials•Metal Fabrication

$188.15-10.62(-0.05%)After hours

Market Cap

$26.12B

P/E

54.9x

P/S

5.5x

P/B

13.9x

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.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability25/25

Growth14/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowStrong marginsHigh ROEProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 54.9x5y range 14.1x – 5801.8x

Currently above its 18-quarter median.

P/S · 5.5x5y range 0.7x – 5.5x

Currently above its 20-quarter median.

P/B · 13.9x5y range 2.9x – 13.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $26.12B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.72B
Q. Revenue: $1.26B
TTM EBITDA: $891.50M
TTM Op. Income: $716.80M
Q. Op. Income: $220.00M
TTM Net Income: $475.80M
Q. Net Income: $151.00M
EPS: $1.11
Shares Out.: $136.30M

$4.72B in TTM revenue grew 4.6% YoY, reaching $1.26B last quarter. TTM EBITDA of $891.50M and TTM operating income of $716.80M show growth is flowing through to the bottom line. TTM net income of $475.80M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 24.6%
EBITDA Margin: 20.9%
Op. Margin: 17.4%
Net Margin: 12.0%

Op. margin of 17.4% is up 3.3% YoY — cost efficiency is improving. Net margin at 12.0% and gross margin of 24.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 24% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 54.9x
P/S Ratio: 5.5x
P/B Ratio: 13.9x

At 54.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 5.5x and P/B of 13.9x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.74B
Cash: $783.00M
Long-Term Debt: $1.81B
Book Value: $1.88B
D/E Ratio: 1.0
Debt/EBITDA: 6.8

With $5.74B in assets and $1.81B in long-term debt, D/E is 1.0and book value is $1.88B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 2% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $131.80M
TTM Free Cash Flow: $526.30M
FCF Margin: 11.2%
FCF / Net Income: 1.1

TTM FCF of $526.30M on $131.80M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 124% — a weakening trend.