Manufacturing - Metal Fabrication
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ATI vs CRS
Revenue, margins, valuation, and 5-year total return — side by side.
Manufacturing - Metal Fabrication
ATI vs CRS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Manufacturing - Metal Fabrication | Manufacturing - Metal Fabrication |
| Market Cap | $22.26B | $22.11B |
| Revenue (TTM) | $4.59B | $3.03B |
| Net Income (TTM) | $426M | $479M |
| Gross Margin | 22.5% | 29.7% |
| Operating Margin | 14.5% | 21.3% |
| Forward P/E | 37.9x | 43.2x |
| Total Debt | $1.95B | $738M |
| Cash & Equiv. | $417M | $316M |
ATI vs CRS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ATI Inc. (ATI) | 100 | 1873.2 | +1773.2% |
| Carpenter Technolog… (CRS) | 100 | 1903.9 | +1803.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ATI vs CRS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ATI is the clearest fit if your priority is growth exposure.
- Rev growth 5.2%, EPS growth 11.8%, 3Y rev CAGR 6.1%
- 5.2% revenue growth vs CRS's 4.3%
- Lower P/E (37.9x vs 43.2x)
CRS carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 1.37, yield 0.2%
- 13.9% 10Y total return vs ATI's 10.5%
- Lower volatility, beta 1.37, Low D/E 39.1%, current ratio 3.65x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.2% revenue growth vs CRS's 4.3% | |
| Value | Lower P/E (37.9x vs 43.2x) | |
| Quality / Margins | 15.8% margin vs ATI's 9.3% | |
| Stability / Safety | Beta 1.37 vs ATI's 1.51, lower leverage | |
| Dividends | 0.2% yield, vs ATI's 0.1% | |
| Momentum (1Y) | +133.1% vs CRS's +113.2% | |
| Efficiency (ROA) | 13.6% ROA vs ATI's 8.4%, ROIC 17.5% vs 14.5% |
ATI vs CRS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ATI vs CRS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CRS leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ATI is the larger business by revenue, generating $4.6B annually — 1.5x CRS's $3.0B. CRS is the more profitable business, keeping 15.8% of every revenue dollar as net income compared to ATI's 9.3%. On growth, CRS holds the edge at +11.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $4.6B | $3.0B |
| EBITDAEarnings before interest/tax | $837M | $791M |
| Net IncomeAfter-tax profit | $426M | $479M |
| Free Cash FlowCash after capex | $552M | $407M |
| Gross MarginGross profit ÷ Revenue | +22.5% | +29.7% |
| Operating MarginEBIT ÷ Revenue | +14.5% | +21.3% |
| Net MarginNet income ÷ Revenue | +9.3% | +15.8% |
| FCF MarginFCF ÷ Revenue | +12.0% | +13.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.6% | +11.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +26.9% | +47.3% |
Valuation Metrics
ATI leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 57.0x trailing earnings, ATI trades at a 5% valuation discount to CRS's 60.0x P/E. On an enterprise value basis, ATI's 29.3x EV/EBITDA is more attractive than CRS's 34.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $22.3B | $22.1B |
| Enterprise ValueMkt cap + debt − cash | $23.8B | $22.5B |
| Trailing P/EPrice ÷ TTM EPS | 57.05x | 59.96x |
| Forward P/EPrice ÷ next-FY EPS est. | 37.92x | 43.15x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.28x |
| EV / EBITDAEnterprise value multiple | 29.30x | 34.08x |
| Price / SalesMarket cap ÷ Revenue | 4.85x | 7.68x |
| Price / BookPrice ÷ Book value/share | 12.03x | 11.95x |
| Price / FCFMarket cap ÷ FCF | 66.72x | 77.27x |
Profitability & Efficiency
CRS leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
CRS delivers a 24.4% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $23 for ATI. CRS carries lower financial leverage with a 0.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to ATI's 1.02x. On the Piotroski fundamental quality scale (0–9), ATI scores 8/9 vs CRS's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +22.7% | +24.4% |
| ROA (TTM)Return on assets | +8.4% | +13.6% |
| ROICReturn on invested capital | +14.5% | +17.5% |
| ROCEReturn on capital employed | +15.6% | +17.9% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 7 |
| Debt / EquityFinancial leverage | 1.02x | 0.39x |
| Net DebtTotal debt minus cash | $1.5B | $423M |
| Cash & Equiv.Liquid assets | $417M | $316M |
| Total DebtShort + long-term debt | $1.9B | $738M |
| Interest CoverageEBIT ÷ Interest expense | 6.78x | 13.82x |
Total Returns (Dividends Reinvested)
CRS leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CRS five years ago would be worth $108,568 today (with dividends reinvested), compared to $67,270 for ATI. Over the past 12 months, ATI leads with a +133.1% total return vs CRS's +113.2%. The 3-year compound annual growth rate (CAGR) favors CRS at 106.4% vs ATI's 62.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +36.4% | +31.6% |
| 1-Year ReturnPast 12 months | +133.1% | +113.2% |
| 3-Year ReturnCumulative with dividends | +330.9% | +779.4% |
| 5-Year ReturnCumulative with dividends | +572.7% | +985.7% |
| 10-Year ReturnCumulative with dividends | +1050.2% | +1387.4% |
| CAGR (3Y)Annualised 3-year return | +62.7% | +106.4% |
Risk & Volatility
Evenly matched — ATI and CRS each lead in 1 of 2 comparable metrics.
Risk & Volatility
CRS is the less volatile stock with a 1.37 beta — it tends to amplify market swings less than ATI's 1.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.51x | 1.37x |
| 52-Week HighHighest price in past year | $171.11 | $475.69 |
| 52-Week LowLowest price in past year | $68.63 | $204.47 |
| % of 52W HighCurrent price vs 52-week peak | +95.0% | +93.5% |
| RSI (14)Momentum oscillator 0–100 | 61.0 | 63.6 |
| Avg Volume (50D)Average daily shares traded | 1.9M | 695K |
Analyst Outlook
CRS leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates ATI as "Buy" and CRS as "Buy". Consensus price targets imply 6.6% upside for ATI (target: $173) vs 6.6% for CRS (target: $475). CRS is the only dividend payer here at 0.18% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $173.40 | $474.50 |
| # AnalystsCovering analysts | 29 | 20 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +0.2% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.09 | $0.79 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.1% | +0.5% |
CRS leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ATI leads in 1 (Valuation Metrics). 1 tied.
ATI vs CRS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ATI or CRS a better buy right now?
For growth investors, ATI Inc.
(ATI) is the stronger pick with 5. 2% revenue growth year-over-year, versus 4. 3% for Carpenter Technology Corporation (CRS). ATI Inc. (ATI) offers the better valuation at 57. 0x trailing P/E (37. 9x forward), making it the more compelling value choice. Analysts rate ATI Inc. (ATI) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ATI or CRS?
On trailing P/E, ATI Inc.
(ATI) is the cheapest at 57. 0x versus Carpenter Technology Corporation at 60. 0x. On forward P/E, ATI Inc. is actually cheaper at 37. 9x.
03Which is the better long-term investment — ATI or CRS?
Over the past 5 years, Carpenter Technology Corporation (CRS) delivered a total return of +985.
7%, compared to +572. 7% for ATI Inc. (ATI). Over 10 years, the gap is even starker: CRS returned +1387% versus ATI's +1050%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ATI or CRS?
By beta (market sensitivity over 5 years), Carpenter Technology Corporation (CRS) is the lower-risk stock at 1.
37β versus ATI Inc. 's 1. 51β — meaning ATI is approximately 10% more volatile than CRS relative to the S&P 500. On balance sheet safety, Carpenter Technology Corporation (CRS) carries a lower debt/equity ratio of 39% versus 102% for ATI Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ATI or CRS?
By revenue growth (latest reported year), ATI Inc.
(ATI) is pulling ahead at 5. 2% versus 4. 3% for Carpenter Technology Corporation (CRS). On earnings-per-share growth, the picture is similar: Carpenter Technology Corporation grew EPS 100. 5% year-over-year, compared to 11. 8% for ATI Inc.. Over a 3-year CAGR, CRS leads at 16. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ATI or CRS?
Carpenter Technology Corporation (CRS) is the more profitable company, earning 13.
1% net margin versus 8. 8% for ATI Inc. — meaning it keeps 13. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CRS leads at 18. 1% versus 13. 8% for ATI. At the gross margin level — before operating expenses — CRS leads at 26. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ATI or CRS more undervalued right now?
On forward earnings alone, ATI Inc.
(ATI) trades at 37. 9x forward P/E versus 43. 2x for Carpenter Technology Corporation — 5. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ATI: 6. 6% to $173. 40.
08Which pays a better dividend — ATI or CRS?
In this comparison, CRS (0.
2% yield) pays a dividend. ATI does not pay a meaningful dividend and should not be held primarily for income.
09Is ATI or CRS better for a retirement portfolio?
For long-horizon retirement investors, Carpenter Technology Corporation (CRS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1387% 10Y return).
ATI Inc. (ATI) carries a higher beta of 1. 51 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CRS: +1387%, ATI: +1050%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ATI and CRS?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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