ATI (ATI) Stock Fundamentals, Analysis & Risk Signals

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

ATI

NYSE•Industrials•Metal Fabrication

$180.33+5.95(0.03%)Pre-market

Market Cap

$24.54B

P/E

44.2x

P/S

4.9x

P/B

12.2x

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: 77/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (15/25).

Profitability25/25

Growth21/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality15/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

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

P/E · 44.2x5y range 14.1x – 5801.8x

Currently above its 19-quarter median.

P/S · 4.9x5y range 0.7x – 5.7x

Currently above its 20-quarter median.

P/B · 12.2x5y range 2.9x – 14.3x

Currently above its 20-quarter median.

Watch items

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

Some Concerns

Earnings Quality

Watch

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

Price & Volume

Market Cap $24.54B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $5.01B
Q. Revenue: $1.42B
TTM EBITDA: $1.00B
TTM Op. Income: $826.30M
Q. Op. Income: $271.90M
TTM Net Income: $555.60M
Q. Net Income: $189.80M
EPS: $1.39
Shares Out.: $136.10M

$5.01B in TTM revenue grew 9.4% YoY, reaching $1.42B last quarter. TTM EBITDA of $1.00B and TTM operating income of $826.30M show growth is flowing through to the bottom line. TTM net income of $555.60M 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: 26.7%
EBITDA Margin: 22.3%
Op. Margin: 19.1%
Net Margin: 13.3%

Op. margin of 19.1% is up 4.7% YoY — cost efficiency is improving. Net margin at 13.3% and gross margin of 26.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 44.2x
P/S Ratio: 4.9x
P/B Ratio: 12.2x

At 44.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.9x and P/B of 12.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 73% — an improving trend.

Assets & Liabilities

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

Total Assets: $5.57B
Cash: $442.30M
Long-Term Debt: $1.81B
Book Value: $2.01B
D/E Ratio: 0.9
Debt/EBITDA: 5.7

With $5.57B in assets and $1.81B in long-term debt, D/E is 0.9and book value is $2.01B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $154.60M
TTM Free Cash Flow: $421.10M
FCF Margin: 8.4%
FCF / Net Income: 0.8

TTM FCF of $421.10M on $154.60M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.