Symbols / ATI $153.30 -3.55% ATI Inc.

Industrials • Metal Fabrication • United States • NYQ
ATI Chart
O: — H: — L: — C: — V: —
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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
Market Cap 20.99B Enterprise Value 22.53B Income 404.30M Sales 4.59B Book/sh 13.28 Cash/sh 3.04
Dividend Yield — Payout 0.00% Employees 7600 IPO — P/E 53.79 Forward P/E 29.83
PEG 1.33 P/S 4.58 P/B 11.55 P/C — EV/EBITDA 27.75 EV/Sales 4.91
Quick Ratio 1.17 Current Ratio 2.66 Debt/Eq 95.92 LT Debt/Eq — EPS (ttm) 2.85 EPS next Y 5.14
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 136.46M Shs Float 135.41M Short Float 4.19%
Short Ratio 1.75 Short Interest — 52W High 168.14 52W Low 50.37 Beta 1.00 Avg Volume 2.16M
Volume 2.28M Target Price $173.22 Recom Strong_buy Prev Close $158.95 Price $153.30 Change -3.55%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$173.22
Mean price target
2. Current target
$153.30
Latest analyst target
3. DCF / Fair value
$18.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$153.30
Low
$150.00
High
$191.00
Mean
$173.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-10 main Susquehanna Positive → Positive $185
2026-04-09 main Keybanc Overweight → Overweight $167
2026-04-01 init Wells Fargo — → Overweight $175
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
News
RSS: Latest ATI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 MOREHOUSE DAVID J Director — 6,609 $153.11 $1,019,464
2026-02-17 BALL LEROY M. JR. Director — 350 $0.00 $0
2026-02-17 WETHERBEE ROBERT S Officer and Director — 60,000 $144.01 $8,737,284
2026-01-05 WETHERBEE ROBERT S Officer and Director — 185,276 $0.00 $0
2026-01-05 WETHERBEE ROBERT S Officer and Director — 362,644 — —
2026-01-05 FIELDS KIMBERLY A Chief Executive Officer — 94,726 $0.00 $0
2026-01-05 FIELDS KIMBERLY A Chief Executive Officer — 98,620 — —
2026-01-05 HARRIS TIMOTHY J Officer — 48,995 $0.00 $0
2026-01-05 HARRIS TIMOTHY J Officer — 70,442 — —
2026-01-05 BHATIA VAISHALI S General Counsel — 3,152 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
4,587.40
+5.16%
4,362.10
+4.51%
4,173.70
+8.80%
3,836.00
Operating Revenue
4,587.40
+5.16%
4,362.10
+4.51%
4,173.70
+8.80%
3,836.00
Cost Of Revenue
3,580.40
+3.36%
3,463.90
+2.75%
3,371.10
+7.99%
3,121.80
Reconciled Cost Of Revenue
3,580.40
+3.36%
3,463.90
+2.75%
3,371.10
+7.99%
3,121.80
Gross Profit
1,007.00
+12.11%
898.20
+11.91%
802.60
+12.38%
714.20
Operating Expense
365.10
+6.66%
342.30
+4.33%
328.10
+10.29%
297.50
Selling General And Administration
365.10
+6.66%
342.30
+4.33%
328.10
+10.29%
297.50
Total Expenses
3,945.50
+3.66%
3,806.20
+2.89%
3,699.20
+8.19%
3,419.30
Operating Income
641.90
+15.47%
555.90
+17.15%
474.50
+13.87%
416.70
Total Operating Income As Reported
640.90
+5.26%
608.90
+30.55%
466.40
+47.55%
316.10
EBITDA
801.10
+5.16%
761.80
+39.24%
547.10
-7.21%
589.60
Normalized EBITDA
791.60
+13.54%
697.20
+25.64%
554.90
-22.67%
717.60
Reconciled Depreciation
168.10
+10.96%
151.50
+3.70%
146.10
+2.24%
142.90
EBIT
633.00
+3.72%
610.30
+52.19%
401.00
-10.23%
446.70
Total Unusual Items
9.50
-85.29%
64.60
+928.21%
-7.80
+93.91%
-128.00
Total Unusual Items Excluding Goodwill
9.50
-85.29%
64.60
+928.21%
-7.80
+93.91%
-128.00
Special Income Charges
9.50
-85.29%
64.60
+928.21%
-7.80
+93.91%
-128.00
Other Special Charges
—
—
—
28.50
Impairment Of Capital Assets
—
—
—
0.00
Restructuring And Mergern Acquisition
-1.90
-146.34%
4.10
-46.75%
7.70
+235.09%
-5.70
Net Income
404.30
+9.92%
367.80
-10.47%
410.80
+26.99%
323.50
Pretax Income
522.30
+7.45%
486.10
+64.67%
295.20
-16.75%
354.60
Net Non Operating Interest Income Expense
-98.60
+8.87%
-108.20
-16.59%
-92.80
-6.18%
-87.40
Interest Expense Non Operating
110.70
-10.87%
124.20
+17.39%
105.80
+14.88%
92.10
Net Interest Income
-98.60
+8.87%
-108.20
-16.59%
-92.80
-6.18%
-87.40
Interest Expense
110.70
-10.87%
124.20
+17.39%
105.80
+14.88%
92.10
Interest Income Non Operating
12.10
-24.38%
16.00
+23.08%
13.00
+176.60%
4.70
Interest Income
12.10
-24.38%
16.00
+23.08%
13.00
+176.60%
4.70
Other Income Expense
-21.00
-154.69%
38.40
+144.39%
-86.50
-441.90%
25.30
Other Non Operating Income Expenses
-30.50
-16.41%
-26.20
+66.71%
-78.70
-155.93%
140.70
Gain On Sale Of Business
—
—
0.00
0.00
Tax Provision
103.70
+0.29%
103.40
+180.66%
-128.20
-927.10%
15.50
Tax Rate For Calcs
0.00
-6.57%
0.00
+1.43%
0.00
+380.43%
0.00
Tax Effect Of Unusual Items
1.89
-86.26%
13.76
+940.04%
-1.64
+70.72%
-5.60
Net Income Including Noncontrolling Interests
418.60
+9.38%
382.70
-9.61%
423.40
+24.86%
339.10
Net Income From Continuing Operation Net Minority Interest
404.30
+9.92%
367.80
-10.47%
410.80
+26.99%
323.50
Net Income From Continuing And Discontinued Operation
404.30
+9.92%
367.80
-10.47%
410.80
+26.99%
323.50
Net Income Continuous Operations
418.60
+9.38%
382.70
-9.61%
423.40
+24.86%
339.10
Minority Interests
-14.30
+4.03%
-14.90
-18.25%
-12.60
+19.23%
-15.60
Normalized Income
396.69
+25.15%
316.96
-23.98%
416.96
-6.49%
445.90
Net Income Common Stockholders
404.30
+9.92%
367.80
-10.47%
410.80
+26.99%
323.50
Diluted EPS
2.85
+11.76%
2.55
-9.25%
2.81
+192.71%
0.96
Basic EPS
2.92
+3.55%
2.82
-12.15%
3.21
+211.65%
1.03
Basic Average Shares
138.60
+6.29%
130.40
+1.80%
128.10
+0.47%
127.50
Diluted Average Shares
141.80
-3.27%
146.60
-2.27%
150.00
-0.79%
151.20
Diluted NI Availto Com Stockholders
404.30
+8.19%
373.70
-11.32%
421.40
+25.04%
337.00
Average Dilution Earnings
0.00
-100.00%
5.90
-44.34%
10.60
-21.48%
13.50
Earnings From Equity Interest
—
-1.00
+37.50%
-1.60
-112.70%
12.60
Gain On Sale Of PPE
7.60
-88.94%
68.70
+68800.00%
-0.10
+99.90%
-105.20
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,099.60
-2.50%
5,230.60
+4.92%
4,985.10
+12.14%
4,445.60
Current Assets
2,680.00
-9.00%
2,945.00
+7.57%
2,737.70
+10.55%
2,476.40
Cash Cash Equivalents And Short Term Investments
416.70
-42.22%
721.20
-3.05%
743.90
+27.38%
584.00
Cash And Cash Equivalents
416.70
-42.22%
721.20
-3.05%
743.90
+27.38%
584.00
Cash Equivalents
121.80
-63.06%
329.70
-20.38%
414.10
-1.19%
419.10
Cash Financial
294.90
-24.67%
391.50
+18.71%
329.80
+100.00%
164.90
Receivables
758.90
-3.30%
784.80
+14.72%
684.10
+6.34%
643.30
Accounts Receivable
686.10
-3.26%
709.20
+13.47%
625.00
+7.91%
579.20
Gross Accounts Receivable
690.30
-4.68%
724.20
+15.28%
628.20
+7.04%
586.90
Allowance For Doubtful Accounts Receivable
-4.20
+72.00%
-15.00
-368.75%
-3.20
+58.44%
-7.70
Other Receivables
72.80
-3.70%
75.60
+27.92%
59.10
-7.80%
64.10
Inventory
1,403.20
+3.71%
1,353.00
+8.46%
1,247.50
+4.33%
1,195.70
Raw Materials
245.60
+18.99%
206.40
-12.13%
234.90
+9.97%
213.60
Work In Process
1,137.40
-0.59%
1,144.10
+17.51%
973.60
+3.45%
941.10
Finished Goods
100.60
+41.69%
71.00
-37.99%
114.50
+2.32%
111.90
Prepaid Assets
—
—
—
—
Other Current Assets
101.20
+17.67%
86.00
+38.26%
62.20
+16.48%
53.40
Total Non Current Assets
2,419.60
+5.86%
2,285.60
+1.70%
2,247.40
+14.13%
1,969.20
Net PPE
1,940.60
+9.21%
1,776.90
+6.66%
1,665.90
+7.54%
1,549.10
Gross PPE
4,180.20
+6.87%
3,911.30
+4.32%
3,749.30
+6.25%
3,528.60
Accumulated Depreciation
-2,239.60
-4.93%
-2,134.40
-2.45%
-2,083.40
-5.25%
-1,979.50
Land And Improvements
31.20
+1.30%
30.80
-4.64%
32.30
+2.54%
31.50
Buildings And Improvements
759.20
+3.26%
735.20
+6.14%
692.70
+15.14%
601.60
Other Properties
—
—
—
2,895.50
Leases
3,389.80
+7.77%
3,145.30
+4.00%
3,024.30
+4.45%
2,895.50
Goodwill And Other Intangible Assets
225.20
-0.88%
227.20
+0.00%
227.20
+0.00%
227.20
Goodwill
225.20
-0.88%
227.20
+0.00%
227.20
+0.00%
227.20
Other Intangible Assets
—
—
—
58.50
Other Non Current Assets
253.80
-9.84%
281.50
-20.55%
354.30
+83.67%
192.90
Total Liabilities Net Minority Interest
3,182.90
-2.82%
3,275.40
-6.54%
3,504.60
+6.57%
3,288.40
Current Liabilities
1,006.30
-16.73%
1,208.50
+23.68%
977.10
+1.37%
963.90
Payables And Accrued Expenses
568.20
-6.71%
609.10
+16.06%
524.80
-5.15%
553.30
Payables
568.20
-6.71%
609.10
+16.06%
524.80
-5.15%
553.30
Accounts Payable
568.20
-6.71%
609.10
+16.06%
524.80
-5.15%
553.30
Employee Benefits
199.90
-0.79%
201.50
-6.24%
214.90
-47.65%
410.50
Current Debt And Capital Lease Obligation
31.10
-82.76%
180.40
+465.52%
31.90
-23.50%
41.70
Current Debt
31.10
-82.76%
180.40
+465.52%
31.90
-23.50%
41.70
Current Deferred Liabilities
146.40
-13.58%
169.40
+3.55%
163.60
+9.73%
149.10
Current Deferred Revenue
146.40
-13.58%
169.40
+3.55%
163.60
+9.73%
149.10
Other Current Liabilities
260.60
+4.41%
249.60
-2.80%
256.80
+16.83%
219.80
Total Non Current Liabilities Net Minority Interest
2,176.60
+5.31%
2,066.90
-18.22%
2,527.50
+8.73%
2,324.50
Long Term Debt And Capital Lease Obligation
1,718.30
+0.20%
1,714.90
-20.15%
2,147.70
+25.87%
1,706.30
Long Term Debt
1,718.30
+0.20%
1,714.90
-20.15%
2,147.70
+25.87%
1,706.30
Non Current Pension And Other Postretirement Benefit Plans
199.90
-0.79%
201.50
-6.24%
214.90
-47.65%
410.50
Other Non Current Liabilities
258.40
+71.69%
150.50
-8.73%
164.90
-20.61%
207.70
Stockholders Equity
1,804.50
-2.48%
1,850.40
+34.77%
1,373.00
+31.27%
1,045.90
Common Stock Equity
1,804.50
-2.48%
1,850.40
+34.77%
1,373.00
+31.27%
1,045.90
Capital Stock
14.30
+0.00%
14.30
+8.33%
13.20
+0.76%
13.10
Common Stock
14.30
+0.00%
14.30
+8.33%
13.20
+0.76%
13.10
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
142.87
+0.00%
142.87
+7.99%
132.30
+0.69%
131.39
Ordinary Shares Number
135.93
-3.86%
141.39
+11.43%
126.88
-1.09%
128.27
Treasury Shares Number
6.94
+367.24%
1.48
-72.62%
5.42
+73.82%
3.12
Additional Paid In Capital
1,884.60
-3.05%
1,943.90
+14.54%
1,697.10
+1.74%
1,668.10
Retained Earnings
468.70
+628.93%
64.30
+191.73%
-70.10
+85.42%
-480.90
Gains Losses Not Affecting Retained Earnings
-60.40
+32.51%
-89.50
-7.57%
-83.20
-23.44%
-67.40
Treasury Stock
502.70
+508.60%
82.60
-55.11%
184.00
+111.49%
87.00
Minority Interest
112.20
+7.06%
104.80
-2.51%
107.50
-3.41%
111.30
Other Equity Adjustments
-60.40
+32.51%
-89.50
-7.57%
-83.20
-23.44%
-67.40
Total Equity Gross Minority Interest
1,916.70
-1.97%
1,955.20
+32.06%
1,480.50
+27.94%
1,157.20
Total Capitalization
3,522.80
-1.19%
3,565.30
+1.27%
3,520.70
+27.92%
2,752.20
Working Capital
1,673.70
-3.62%
1,736.50
-1.37%
1,760.60
+16.40%
1,512.50
Invested Capital
3,553.90
-5.12%
3,745.70
+5.44%
3,552.60
+27.16%
2,793.90
Total Debt
1,749.40
-7.70%
1,895.30
-13.04%
2,179.60
+24.69%
1,748.00
Net Debt
1,332.70
+13.51%
1,174.10
-18.22%
1,435.70
+23.34%
1,164.00
Net Tangible Assets
1,579.30
-2.70%
1,623.20
+41.67%
1,145.80
+39.95%
818.70
Tangible Book Value
1,579.30
-2.70%
1,623.20
+41.67%
1,145.80
+39.95%
818.70
Inventories Adjustments Allowances
-80.40
-17.37%
-68.50
+9.27%
-75.50
-6.49%
-70.90
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
614.30
+50.86%
407.20
+374.04%
85.90
-61.81%
224.90
Cash Flow From Continuing Operating Activities
614.30
+50.86%
407.20
+374.04%
85.90
-61.81%
224.90
Net Income From Continuing Operations
418.60
+9.38%
382.70
-9.61%
423.40
+24.86%
339.10
Depreciation Amortization Depletion
168.10
+10.96%
151.50
+3.70%
146.10
+2.24%
142.90
Depreciation
146.60
+23.40%
118.80
+1.19%
117.40
+1.73%
115.40
Amortization Cash Flow
21.50
-34.25%
32.70
+13.94%
28.70
+4.36%
27.50
Depreciation And Amortization
168.10
+10.96%
151.50
+3.70%
146.10
+2.24%
142.90
Amortization Of Intangibles
21.50
-34.25%
32.70
+13.94%
28.70
+4.36%
27.50
Other Non Cash Items
—
—
-272.00
—
Stock Based Compensation
29.00
-14.96%
34.10
+17.18%
29.10
+11.92%
26.00
Asset Impairment Charge
0.00
0.00
-100.00%
3.00
0.00
Deferred Tax
59.10
-31.60%
86.40
+162.52%
-138.20
-138100.00%
-0.10
Deferred Income Tax
59.10
-31.60%
86.40
+162.52%
-138.20
-138100.00%
-0.10
Operating Gains Losses
-7.80
+88.63%
-68.60
—
111.30
Gain Loss On Sale Of PPE
-10.70
+31.85%
-15.70
-2516.67%
-0.60
+33.33%
-0.90
Change In Working Capital
-52.70
+70.54%
-178.90
-69.57%
-105.50
+73.24%
-394.30
Change In Receivables
27.10
+131.88%
-85.00
-84.38%
-46.10
+64.12%
-128.50
Changes In Account Receivables
27.10
+131.88%
-85.00
-84.38%
-46.10
+64.12%
-128.50
Change In Inventory
-52.80
+55.44%
-118.50
-128.76%
-51.80
+72.85%
-190.80
Change In Payables And Accrued Expense
-38.20
-289.11%
20.20
+132.90%
-61.40
-145.31%
135.50
Change In Accrued Expense
31.60
+147.09%
-67.10
-150.37%
-26.80
-16.02%
-23.10
Change In Payable
-69.80
-179.95%
87.30
+352.31%
-34.60
-121.82%
158.60
Change In Account Payable
-43.40
-149.54%
87.60
+393.96%
-29.80
-119.09%
156.10
Change In Other Working Capital
11.20
+154.55%
4.40
-91.82%
53.80
+125.56%
-210.50
Investing Cash Flow
-234.50
-46.93%
-159.60
+17.39%
-193.20
-52.49%
-126.70
Cash Flow From Continuing Investing Activities
-234.50
-46.93%
-159.60
+17.39%
-193.20
-52.49%
-126.70
Net PPE Purchase And Sale
-269.50
-27.42%
-211.50
-7.41%
-196.90
-54.07%
-127.80
Purchase Of PPE
-280.60
-17.36%
-239.10
-19.13%
-200.70
-53.32%
-130.90
Sale Of PPE
11.10
-59.78%
27.60
+626.32%
3.80
+22.58%
3.10
Capital Expenditure
-280.60
-17.36%
-239.10
-19.13%
-200.70
-53.32%
-130.90
Net Business Purchase And Sale
26.80
-44.17%
48.00
+16100.00%
-0.30
-200.00%
0.30
Purchase Of Business
—
—
-0.30
—
Gain Loss On Sale Of Business
2.90
+105.48%
-52.90
-8916.67%
0.60
-99.47%
112.20
Net Other Investing Changes
8.20
+110.26%
3.90
-2.50%
4.00
+400.00%
0.80
Financing Cash Flow
-699.90
-168.78%
-260.40
-197.46%
267.20
+232.34%
-201.90
Cash Flow From Continuing Financing Activities
-699.90
-168.78%
-260.40
-197.46%
267.20
+232.34%
-201.90
Net Issuance Payments Of Debt
-182.60
-429.28%
-34.50
-108.94%
385.80
+1444.25%
-28.70
Issuance Of Debt
0.00
0.00
-100.00%
425.00
0.00
Repayment Of Debt
-182.60
-429.28%
-34.50
+11.99%
-39.20
-36.59%
-28.70
Long Term Debt Issuance
0.00
0.00
-100.00%
425.00
0.00
Long Term Debt Payments
-182.60
-429.28%
-34.50
+11.99%
-39.20
-36.59%
-28.70
Net Long Term Debt Issuance
-182.60
-429.28%
-34.50
-108.94%
385.80
+1444.25%
-28.70
Net Short Term Debt Issuance
—
—
-14.00
-150.00%
-5.60
Net Common Stock Issuance
-504.10
-76.26%
-286.00
-196.68%
-96.40
+33.79%
-145.60
Common Stock Payments
-504.10
-76.26%
-286.00
-196.68%
-96.40
+33.79%
-145.60
Repurchase Of Capital Stock
-504.10
-76.26%
-286.00
-196.68%
-96.40
+33.79%
-145.60
Net Other Financing Charges
-13.20
-121.96%
60.10
+370.72%
-22.20
+19.57%
-27.60
Changes In Cash
-320.10
-2400.78%
-12.80
-108.01%
159.90
+254.19%
-103.70
Effect Of Exchange Rate Changes
15.60
+305.26%
-7.60
0.00
0.00
Beginning Cash Position
721.20
-3.05%
743.90
+27.38%
584.00
-15.08%
687.70
End Cash Position
416.70
-42.22%
721.20
-3.05%
743.90
+27.38%
584.00
Free Cash Flow
333.70
+98.51%
168.10
+246.43%
-114.80
-222.13%
94.00
Change In Income Tax Payable
-26.40
-8700.00%
-0.30
+93.75%
-4.80
-292.00%
2.50
Change In Tax Payable
-26.40
-8700.00%
-0.30
+93.75%
-4.80
-292.00%
2.50
Other Cash Adjustment Outside Changein Cash
0.00
+100.00%
-2.30
0.00
0.00
Sale Of Business
26.80
-44.17%
48.00
—
0.30
SEC Filings

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

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