ATI Chart
About

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.

Fundamentals
Scroll to Statements
Sector Industrials Industry Metal Fabrication Market Cap 22.20B
Enterprise Value 23.59B Income 404.30M Sales 4.59B
Book/sh 13.28 Cash/sh 3.04 Dividend Yield —
Payout 0.00% Employees 7600 IPO —
P/E 55.92 Forward P/E 32.37 PEG —
P/S 4.84 P/B 12.13 P/C —
EV/EBITDA 29.06 EV/Sales 5.14 Quick Ratio 1.17
Current Ratio 2.66 Debt/Eq 95.92 LT Debt/Eq —
EPS (ttm) 2.88 EPS next Y 4.97 EPS Growth -26.50%
Revenue Growth 0.40% Earnings 2026-04-30 ROA 7.96%
ROE 21.62% ROIC — Gross Margin 22.47%
Oper. Margin 14.54% Profit Margin 8.81% Shs Outstand 135.86M
Shs Float 135.31M Short Float 2.80% Short Ratio 2.02
Short Interest — 52W High 162.00 52W Low 39.23
Beta 1.01 Avg Volume 1.71M Volume 2.79M
Target Price $145.62 Recom Strong_buy Prev Close $159.27
Price $161.04 Change 1.11%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$145.63
Mean price target
2. Current target
$161.04
Latest analyst target
3. DCF / Fair value
$19.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$161.04
Low
$113.00
High
$165.00
Mean
$145.63

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-04 main JP Morgan Overweight → Overweight $150
2026-02-04 main BTIG Buy → Buy $165
2026-01-15 init Alembic Global — → Overweight $141
2026-01-14 main Keybanc Overweight → Overweight $132
2025-12-19 main JP Morgan Overweight → Overweight $135
2025-11-13 up Keybanc Sector Weight → Overweight $120
2025-10-29 main Susquehanna Positive → Positive $120
2025-10-29 reit BTIG Buy → Buy $120
2025-09-12 reit BTIG Buy → Buy $120
2025-08-04 main Barclays Overweight → Overweight $90
2025-08-01 main JP Morgan Overweight → Overweight $92
2025-08-01 main Susquehanna Positive → Positive $100
2025-07-14 main Susquehanna Positive → Positive $105
2025-07-08 main Deutsche Bank Buy → Buy $115
2025-05-20 down Keybanc Overweight → Sector Weight —
2025-05-13 main Deutsche Bank Buy → Buy $93
2025-04-23 up Keybanc Sector Weight → Overweight $55
2025-04-21 reit Benchmark Buy → Buy $81
2025-02-13 main Benchmark Buy → Buy $81
2025-02-10 main Barclays Overweight → Overweight $75
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 350 — — Stock Gift at price 0.00 per share. BALL LEROY M. JR. Director — 2026-02-17 00:00:00 D
1 60000 8737284.0 — Sale at price 144.01 - 146.67 per share. WETHERBEE ROBERT S Officer and Director — 2026-02-17 00:00:00 D
2 94726 — — Stock Award(Grant) at price 0.00 per share. FIELDS KIMBERLY A Chief Executive Officer — 2026-01-05 00:00:00 D
3 98620 nan — — FIELDS KIMBERLY A Chief Executive Officer — 2026-01-05 00:00:00 D
4 48995 — — Stock Award(Grant) at price 0.00 per share. HARRIS TIMOTHY J Officer — 2026-01-05 00:00:00 D
5 70442 nan — — HARRIS TIMOTHY J Officer — 2026-01-05 00:00:00 D
6 3152 — — Stock Award(Grant) at price 0.00 per share. BHATIA VAISHALI S General Counsel — 2026-01-05 00:00:00 D
7 854 — — Stock Award(Grant) at price 0.00 per share. MILLER MICHAEL BENJAMIN Officer — 2026-01-05 00:00:00 D
8 185276 — — Stock Award(Grant) at price 0.00 per share. WETHERBEE ROBERT S Officer and Director — 2026-01-05 00:00:00 D
9 362644 nan — — WETHERBEE ROBERT S Officer and Director — 2026-01-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems13.76M-1.64M-5.60M-4.31M
TaxRateForCalcs0.210.210.040.11
NormalizedEBITDA697.20M554.90M717.60M512.40M
TotalUnusualItems64.60M-7.80M-128.00M-37.50M
TotalUnusualItemsExcludingGoodwill64.60M-7.80M-128.00M-37.50M
NetIncomeFromContinuingOperationNetMinorityInterest367.80M410.80M323.50M184.60M
ReconciledDepreciation151.50M146.10M142.90M143.90M
ReconciledCostOfRevenue3.46B3.37B3.12B2.47B
EBITDA761.80M547.10M589.60M474.90M
EBIT610.30M401.00M446.70M331.00M
NetInterestIncome-108.20M-92.80M-87.40M-96.90M
InterestExpense124.20M105.80M92.10M97.60M
InterestIncome16.00M13.00M4.70M700.00K
NormalizedIncome316.96M416.96M445.90M217.79M
NetIncomeFromContinuingAndDiscontinuedOperation367.80M410.80M323.50M184.60M
TotalExpenses3.81B3.70B3.42B2.69B
TotalOperatingIncomeAsReported608.90M466.40M316.10M117.60M
DilutedAverageShares141.80M146.60M150.00M151.20M
BasicAverageShares138.60M130.40M128.10M127.50M
DilutedEPS2.852.552.810.96
BasicEPS2.922.823.211.03
DilutedNIAvailtoComStockholders373.70M421.40M337.00M200.80M
AverageDilutionEarnings5.90M10.60M13.50M16.20M
NetIncomeCommonStockholders367.80M410.80M323.50M184.60M
NetIncome367.80M410.80M323.50M184.60M
MinorityInterests-14.90M-12.60M-15.60M-22.00M
NetIncomeIncludingNoncontrollingInterests382.70M423.40M339.10M206.60M
NetIncomeContinuousOperations382.70M423.40M339.10M206.60M
TaxProvision103.40M-128.20M15.50M26.80M
PretaxIncome486.10M295.20M354.60M233.40M
OtherIncomeExpense38.40M-86.50M25.30M224.00M
OtherNonOperatingIncomeExpenses-25.20M-77.10M140.70M261.40M
SpecialIncomeCharges64.60M-7.80M-128.00M-37.50M
GainOnSaleOfPPE68.70M-100.00K-105.20M2.90M
GainOnSaleOfBusiness0.000.0013.80M
OtherSpecialCharges28.50M65.50M
ImpairmentOfCapitalAssets0.000.00
RestructuringAndMergernAcquisition4.10M7.70M-5.70M-11.30M
EarningsFromEquityInterest-1.00M-1.60M12.60M100.00K
NetNonOperatingInterestIncomeExpense-108.20M-92.80M-87.40M-96.90M
InterestExpenseNonOperating124.20M105.80M92.10M97.60M
InterestIncomeNonOperating16.00M13.00M4.70M700.00K
OperatingIncome555.90M474.50M416.70M106.30M
OperatingExpense342.30M328.10M297.50M226.90M
SellingGeneralAndAdministration342.30M328.10M297.50M226.90M
GrossProfit898.20M802.60M714.20M333.20M
CostOfRevenue3.46B3.37B3.12B2.47B
TotalRevenue4.36B4.17B3.84B2.80B
OperatingRevenue4.36B4.17B3.84B2.80B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber1.48M5.42M3.12M231.86K
OrdinarySharesNumber141.39M126.88M128.27M127.25M
ShareIssued142.87M132.30M131.39M127.48M
NetDebt1.17B1.44B1.16B1.16B
TotalDebt1.90B2.18B1.75B1.84B
TangibleBookValue1.62B1.15B818.70M391.80M
InvestedCapital3.75B3.55B2.79B2.53B
WorkingCapital1.74B1.76B1.51B1.45B
NetTangibleAssets1.62B1.15B818.70M391.80M
CommonStockEquity1.85B1.37B1.05B685.60M
TotalCapitalization3.57B3.52B2.75B2.40B
TotalEquityGrossMinorityInterest1.96B1.48B1.16B832.70M
MinorityInterest104.80M107.50M111.30M147.10M
StockholdersEquity1.85B1.37B1.05B685.60M
GainsLossesNotAffectingRetainedEarnings-89.50M-83.20M-67.40M-991.70M
OtherEquityAdjustments-89.50M-83.20M-67.40M-991.70M
TreasuryStock82.60M184.00M87.00M4.80M
RetainedEarnings64.30M-70.10M-480.90M72.70M
AdditionalPaidInCapital1.94B1.70B1.67B1.60B
CapitalStock14.30M13.20M13.10M12.70M
CommonStock14.30M13.20M13.10M12.70M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest3.28B3.50B3.29B3.45B
TotalNonCurrentLiabilitiesNetMinorityInterest2.07B2.53B2.32B2.60B
OtherNonCurrentLiabilities150.50M164.90M207.70M211.00M
EmployeeBenefits201.50M214.90M410.50M673.50M
NonCurrentPensionAndOtherPostretirementBenefitPlans201.50M214.90M410.50M673.50M
LongTermDebtAndCapitalLeaseObligation1.71B2.15B1.71B1.71B
LongTermDebt1.71B2.15B1.71B1.71B
CurrentLiabilities1.21B977.10M963.90M856.40M
OtherCurrentLiabilities249.60M256.80M219.80M233.40M
CurrentDeferredLiabilities169.40M163.60M149.10M116.20M
CurrentDeferredRevenue169.40M163.60M149.10M116.20M
CurrentDebtAndCapitalLeaseObligation180.40M31.90M41.70M131.30M
CurrentDebt180.40M31.90M41.70M131.30M
PayablesAndAccruedExpenses609.10M524.80M553.30M375.50M
Payables609.10M524.80M553.30M375.50M
AccountsPayable609.10M524.80M553.30M375.50M
TotalAssets5.23B4.99B4.45B4.29B
TotalNonCurrentAssets2.29B2.25B1.97B1.98B
OtherNonCurrentAssets281.50M354.30M192.90M156.20M
GoodwillAndOtherIntangibleAssets227.20M227.20M227.20M293.80M
OtherIntangibleAssets58.50M65.90M
Goodwill227.20M227.20M227.20M227.90M
NetPPE1.78B1.67B1.55B1.53B
AccumulatedDepreciation-2.13B-2.08B-1.98B-1.95B
GrossPPE3.91B3.75B3.53B3.48B
Leases3.15B3.02B2.90B2.87B
OtherProperties2.90B2.87B
BuildingsAndImprovements735.20M692.70M601.60M575.50M
LandAndImprovements30.80M32.30M31.50M34.40M
CurrentAssets2.94B2.74B2.48B2.31B
OtherCurrentAssets86.00M62.20M53.40M48.80M
PrepaidAssets48.80M
Inventory1.35B1.25B1.20B1.05B
InventoriesAdjustmentsAllowances-68.50M-75.50M-70.90M-65.40M
FinishedGoods71.00M114.50M111.90M121.80M
WorkInProcess1.14B973.60M941.10M829.60M
RawMaterials206.40M234.90M213.60M160.30M
Receivables784.80M684.10M643.30M523.90M
OtherReceivables75.60M59.10M64.10M53.90M
AccountsReceivable709.20M625.00M579.20M470.00M
AllowanceForDoubtfulAccountsReceivable-15.00M-3.20M-7.70M-3.80M
GrossAccountsReceivable724.20M628.20M586.90M473.80M
CashCashEquivalentsAndShortTermInvestments721.20M743.90M584.00M687.70M
CashAndCashEquivalents721.20M743.90M584.00M687.70M
CashEquivalents329.70M414.10M419.10M464.90M
CashFinancial391.50M329.80M164.90M222.80M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow168.10M-114.80M94.00M-136.50M
RepurchaseOfCapitalStock-286.00M-96.40M-145.60M-4.80M
RepaymentOfDebt-34.50M-39.20M-28.70M-515.60M
IssuanceOfDebt0.00425.00M0.00675.70M
CapitalExpenditure-239.10M-200.70M-130.90M-152.60M
EndCashPosition721.20M743.90M584.00M687.70M
OtherCashAdjustmentOutsideChangeinCash-2.30M0.000.00
BeginningCashPosition743.90M584.00M687.70M645.90M
EffectOfExchangeRateChanges-7.60M0.000.00
ChangesInCash-12.80M159.90M-103.70M41.80M
FinancingCashFlow-260.40M267.20M-201.90M103.00M
CashFlowFromContinuingFinancingActivities-260.40M267.20M-201.90M103.00M
NetOtherFinancingCharges60.10M-22.20M-27.60M-74.00M
NetCommonStockIssuance-286.00M-96.40M-145.60M-4.80M
CommonStockPayments-286.00M-96.40M-145.60M-4.80M
NetIssuancePaymentsOfDebt-34.50M385.80M-28.70M181.80M
NetShortTermDebtIssuance-14.00M-5.60M21.70M
NetLongTermDebtIssuance-34.50M385.80M-28.70M160.10M
LongTermDebtPayments-34.50M-39.20M-28.70M-515.60M
LongTermDebtIssuance0.00425.00M0.00675.70M
InvestingCashFlow-159.60M-193.20M-126.70M-77.30M
CashFlowFromContinuingInvestingActivities-159.60M-193.20M-126.70M-77.30M
NetOtherInvestingChanges3.90M4.00M800.00K1.40M
NetBusinessPurchaseAndSale48.00M-300.00K300.00K53.10M
SaleOfBusiness48.00M300.00K53.10M
PurchaseOfBusiness-300.00K
NetPPEPurchaseAndSale-211.50M-196.90M-127.80M-131.80M
SaleOfPPE27.60M3.80M3.10M20.80M
PurchaseOfPPE-239.10M-200.70M-130.90M-152.60M
OperatingCashFlow407.20M85.90M224.90M16.10M
CashFlowFromContinuingOperatingActivities407.20M85.90M224.90M16.10M
ChangeInWorkingCapital-178.90M-377.50M-394.30M-405.30M
ChangeInOtherWorkingCapital4.40M-218.20M-210.50M-333.50M
ChangeInPayablesAndAccruedExpense20.20M-61.40M135.50M108.10M
ChangeInAccruedExpense-67.10M-26.80M-23.10M22.20M
ChangeInPayable87.30M-34.60M158.60M85.90M
ChangeInAccountPayable87.60M-29.80M156.10M88.50M
ChangeInTaxPayable-300.00K-4.80M2.50M-2.60M
ChangeInIncomeTaxPayable-300.00K-4.80M2.50M-2.60M
ChangeInInventory-118.50M-51.80M-190.80M-53.90M
ChangeInReceivables-85.00M-46.10M-128.50M-126.00M
ChangesInAccountReceivables-85.00M-46.10M-128.50M-126.00M
StockBasedCompensation34.10M29.10M26.00M21.10M
AssetImpairmentCharge0.003.00M0.000.00
DeferredTax86.40M-138.20M-100.00K1.00M
DeferredIncomeTax86.40M-138.20M-100.00K1.00M
DepreciationAmortizationDepletion151.50M146.10M142.90M143.90M
DepreciationAndAmortization151.50M146.10M142.90M143.90M
AmortizationCashFlow32.70M28.70M27.50M26.50M
AmortizationOfIntangibles32.70M28.70M27.50M26.50M
Depreciation118.80M117.40M115.40M117.40M
OperatingGainsLosses-68.60M111.30M48.80M
GainLossOnSaleOfPPE-15.70M-600.00K-900.00K-2.90M
GainLossOnSaleOfBusiness-52.90M600.00K112.20M-13.80M
NetIncomeFromContinuingOperations382.70M423.40M339.10M206.60M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ATI
Date User Asset Broker Type Position Size Entry Price Patterns