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ATI Inc. (ATI) 10-Year Financial Performance & Capital Metrics

ATI • • Industrial / General
IndustrialsMetal FabricationSpecialty Metals & Alloys ManufacturingHigh-Performance Alloys & Aerospace Metals
AboutATI Inc. manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas.Show more
  • Revenue $4.36B +4.5%
  • EBITDA $735M +25.2%
  • Net Income $368M -10.5%
  • EPS (Diluted) 2.55 -9.3%
  • Gross Margin 20.94% +5.8%
  • EBITDA Margin 16.84% +19.8%
  • Operating Margin 13.96% +24.9%
  • Net Margin 8.43% -14.3%
  • ROE 21.41% -31.3%
  • ROIC 15.11% +13.1%
  • Debt/Equity 0.97 -34.2%
  • Interest Coverage 4.90 +11.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 28.4%
  • ✓Momentum leader: RS Rating 87 (top 13%)
  • ✓Share count reduced 2.1% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.32%
5Y1.14%
3Y15.93%
TTM7.75%

Profit (Net Income) CAGR

10Y-
5Y7.81%
3Y25.83%
TTM18.17%

EPS CAGR

10Y-
5Y7.1%
3Y24.86%
TTM19.3%

ROCE

10Y Avg0.88%
5Y Avg1.66%
3Y Avg12.26%
Latest15.17%

Peer Comparison

High-Performance Alloys & Aerospace Metals
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Size & Scale
Valuation
Per Share
Growth
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Quality & Returns
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TTM Growth
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Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ATIATI Inc.17.04B125.3949.174.51%9.71%24.36%0.99%0.97
CRSCarpenter Technology Corporation16.94B340.1145.844.25%14.3%21.65%1.69%0.39

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.72B3.13B3.53B4.05B4.12B2.98B2.8B3.84B4.17B4.36B
Revenue Growth %-0.12%-0.16%0.12%0.15%0.02%-0.28%-0.06%0.37%0.09%0.05%
Cost of Goods Sold+3.66B2.9B3.03B3.42B3.48B2.69B2.47B3.12B3.35B3.45B
COGS % of Revenue0.98%0.93%0.86%0.84%0.85%0.9%0.88%0.81%0.8%0.79%
Gross Profit+60.3M234.1M497M630.3M638M292.8M334M714.2M826.3M913.5M
Gross Margin %0.02%0.07%0.14%0.16%0.15%0.1%0.12%0.19%0.2%0.21%
Gross Profit Growth %-0.84%2.88%1.12%0.27%0.01%-0.54%0.14%1.14%0.16%0.11%
Operating Expenses+429.7M775.9M362.4M268.2M271.7M1.6B216.4M398.1M359.9M304.6M
OpEx % of Revenue0.12%0.25%0.1%0.07%0.07%0.54%0.08%0.1%0.09%0.07%
Selling, General & Admin221.2M310.1M302.3M302.1M340.8M245.7M33.1M159.1M407.8M368.6M
SG&A % of Revenue0.06%0.1%0.09%0.07%0.08%0.08%0.01%0.04%0.1%0.08%
Research & Development15.7M16.9M14.7M24.9M20.2M14.8M20M17.7M22.1M22.1M
R&D % of Revenue0%0.01%0%0.01%0%0%0.01%0%0.01%0.01%
Other Operating Expenses192.8M448.9M45.4M-58.8M-89.3M1.33B163.3M221.3M-70M-86.1M
Operating Income+-369.4M-541.8M134.6M362.1M366.3M-1.3B117.6M316.1M466.4M608.9M
Operating Margin %-0.1%-0.17%0.04%0.09%0.09%-0.44%0.04%0.08%0.11%0.14%
Operating Income Growth %-4.48%-0.47%1.25%1.69%0.01%-4.56%1.09%1.69%0.48%0.31%
EBITDA+-199.8M-389.9M279.8M518.5M517.4M-1.15B243M439.5M587M734.7M
EBITDA Margin %-0.05%-0.12%0.08%0.13%0.13%-0.39%0.09%0.11%0.14%0.17%
EBITDA Growth %-1.76%-0.95%1.72%0.85%-0%-3.23%1.21%0.81%0.34%0.25%
D&A (Non-Cash Add-back)169.6M151.9M145.2M156.4M151.1M151.3M125.4M123.4M120.6M125.8M
EBIT-178.5M-77.3M194.7M328.2M297.2M47.1M367.1M555.1M418.5M544.9M
Net Interest Income+-110.2M-124M-133.8M-101M-99M-94.4M-96.9M-87.4M-92.8M-108.2M
Interest Income00005.9M1.7M04.7M13M16M
Interest Expense110.2M124M133.8M101M104.9M96.1M96.9M92.1M105.8M124.2M
Other Income/Expense-108.6M-192.2M-221.1M-114.4M-129.8M-179.2M115.8M38.5M-171.2M-122.8M
Pretax Income+-478M-734M-86.5M247.7M236.5M-1.48B233.4M354.6M295.2M486.1M
Pretax Margin %-0.13%-0.23%-0.02%0.06%0.06%-0.5%0.08%0.09%0.07%0.11%
Income Tax+-112.1M-106.9M-6.8M11M-28.5M77.7M26.8M15.5M-128.2M103.4M
Effective Tax Rate %0.79%0.87%1.06%0.9%1.07%1.06%0.79%0.91%1.39%0.76%
Net Income+-377.9M-640.9M-91.9M222.4M252.5M-1.57B184.6M323.5M410.8M367.8M
Net Margin %-0.1%-0.2%-0.03%0.05%0.06%-0.53%0.07%0.08%0.1%0.08%
Net Income Growth %-144.35%-0.7%0.86%3.42%0.14%-7.23%1.12%0.75%0.27%-0.1%
Net Income (Continuing)-365.9M-627.1M-79.7M236.7M265M-1.56B206.6M339.1M423.4M382.7M
Discontinued Operations0000000000
Minority Interest101.6M89.6M105.1M105.9M103.1M120.3M147.1M111.3M107.5M104.8M
EPS (Diluted)+-3.52-5.97-0.831.611.81-12.431.312.232.812.55
EPS Growth %-162.72%-0.7%0.86%2.94%0.12%-7.87%1.11%0.7%0.26%-0.09%
EPS (Basic)-3.52-5.97-0.831.782.01-12.431.452.543.212.82
Diluted Shares Outstanding107.3M107.3M110.1M145.9M146.5M126.5M127.1M151.2M150M146.8M
Basic Shares Outstanding107.21M107.3M110.1M145.9M125.8M126.5M127.1M127.5M128.1M130.4M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.87B1.77B1.92B2.25B2.3B2.07B2.31B2.48B2.74B2.94B
Cash & Short-Term Investments149.8M229.6M141.6M382M490.8M645.9M687.7M584M743.9M721.2M
Cash Only149.8M229.6M141.6M382M490.8M645.9M687.7M584M743.9M721.2M
Short-Term Investments0000000000
Accounts Receivable400.3M452.1M545.3M579M592.6M384.7M523.9M643.3M684.1M784.8M
Days Sales Outstanding39.2852.6456.4652.2352.4747.0968.361.2159.8365.67
Inventory1.27B1.04B1.18B1.21B1.16B997.1M1.05B1.2B1.25B1.35B
Days Inventory Outstanding126.84130.5141.76129.39121.02135.33154.88139.8136.03143.2
Other Current Assets047.8M52.7M000053.4M62.2M86M
Total Non-Current Assets+3.88B3.4B3.27B3.26B3.33B1.97B1.98B1.97B2.25B2.29B
Property, Plant & Equipment2.93B2.5B2.5B2.48B2.45B1.47B1.53B1.55B1.67B1.78B
Fixed Asset Turnover1.27x1.25x1.41x1.63x1.68x2.03x1.83x2.48x2.51x2.45x
Goodwill651.4M641.9M531.4M534.7M525.8M240.7M227.9M227.2M227.2M227.2M
Intangible Assets0000087.9M65.9M0043.7M
Long-Term Investments000000000900K
Other Non-Current Assets304.5M262.7M242.6M245.4M355.7M171.1M156.2M192.9M354.3M236.9M
Total Assets+5.75B5.17B5.19B5.5B5.63B4.03B4.29B4.45B4.99B5.23B
Asset Turnover0.65x0.61x0.68x0.74x0.73x0.74x0.65x0.86x0.84x0.83x
Asset Growth %-0.13%-0.1%0%0.06%0.02%-0.28%0.06%0.04%0.12%0.05%
Total Current Liabilities+686.5M708.7M712.6M836.9M849.2M653.3M856.4M963.9M977.1M1.21B
Accounts Payable380.8M294.3M420.1M498.8M521.2M290.6M375.5M553.3M524.8M609.1M
Days Payables Outstanding37.9837.0350.6453.2954.639.4455.5864.6957.2264.47
Short-Term Debt3.9M105.1M10.1M6.6M11.5M17.8M131.3M41.7M31.9M180.4M
Deferred Revenue (Current)0001000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities0000237.8M233.1M233.4M219.8M256.8M249.6M
Current Ratio2.72x2.49x2.69x2.68x2.71x3.16x2.69x2.57x2.80x2.44x
Quick Ratio0.87x1.03x1.04x1.24x1.35x1.64x1.47x1.33x1.53x1.32x
Cash Conversion Cycle128.13146.11147.59128.33118.89142.97167.59136.32138.63144.4
Total Non-Current Liabilities+2.88B3.02B2.63B2.67B2.59B2.74B2.6B2.32B2.53B2.07B
Long-Term Debt1.49B1.77B1.53B1.54B1.39B1.55B1.71B1.71B2.15B1.71B
Capital Lease Obligations0000000000
Deferred Tax Liabilities75.6M15.6M9.7M12.9M000000
Other Non-Current Liabilities1.31B1.23B1.09B1.12B1.2B1.19B884.5M618.2M379.8M352M
Total Liabilities3.57B3.73B3.34B3.51B3.44B3.39B3.45B3.29B3.5B3.28B
Total Debt+1.5B1.88B1.54B1.54B1.4B1.57B1.84B1.75B2.18B1.9B
Net Debt1.35B1.65B1.4B1.16B908.1M921.9M1.16B1.16B1.44B1.17B
Debt / Equity0.68x1.30x0.84x0.77x0.64x2.44x2.21x1.51x1.47x0.97x
Debt / EBITDA--5.51x2.97x2.70x-7.58x3.98x3.71x2.58x
Net Debt / EBITDA--5.00x2.24x1.76x-4.75x2.65x2.45x1.60x
Interest Coverage-3.35x-4.37x1.01x3.59x3.49x-13.56x1.21x3.43x4.41x4.90x
Total Equity+2.18B1.44B1.84B1.99B2.19B641.4M832.7M1.16B1.48B1.96B
Equity Growth %-0.19%-0.34%0.28%0.08%0.1%-0.71%0.3%0.39%0.28%0.32%
Book Value per Share20.3613.4716.7513.6514.975.076.557.659.8713.32
Total Shareholders' Equity2.08B1.36B1.74B1.89B2.09B521.1M685.6M1.05B1.37B1.85B
Common Stock11M11M12.7M12.7M12.7M12.7M12.7M13.1M13.2M14.3M
Retained Earnings1.95B1.28B1.18B1.42B1.68B106.5M72.7M-480.9M-70.1M64.3M
Treasury Stock-21.3M-28M-26.1M-30.6M-18.2M0-4.8M-87M-184M-82.6M
Accumulated OCI-1.01B-1.09B-1.03B-1.13B-1.2B-1.22B-991.7M-67.4M-83.2M-89.5M
Minority Interest101.6M89.6M105.1M105.9M103.1M120.3M147.1M111.3M107.5M104.8M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+131.4M-43.7M22.4M392.8M230.1M166.9M16.1M224.9M85.9M407.2M
Operating CF Margin %0.04%-0.01%0.01%0.1%0.06%0.06%0.01%0.06%0.02%0.09%
Operating CF Growth %1.35%-1.33%1.51%16.54%-0.41%-0.27%-0.9%12.97%-0.62%3.74%
Net Income-365.9M-627.1M-79.7M236.7M265M-1.56B206.6M339.1M423.4M382.7M
Depreciation & Amortization189.9M170.3M160.8M156.4M151.1M143.3M143.9M142.9M146.1M151.5M
Stock-Based Compensation000002.9M21.1M26M29.1M34.1M
Deferred Taxes-118M-119.8M-1.4M2.1M-40.9M69.9M1M-100K-138.2M86.4M
Other Non-Cash Items181.1M471.3M150.9M-17.1M-50.5M1.35B48.8M111.3M3M-68.6M
Working Capital Changes244.3M61.6M-208.2M14.7M-94.6M163.3M-405.3M-394.3M-377.5M-178.9M
Change in Receivables203.3M-51.8M-93.2M16M-52.1M208.4M-126M-128.5M-46.1M-85M
Change in Inventory201.2M234.7M-139.2M-108.5M25.4M158.2M-53.9M-190.8M-51.8M-118.5M
Change in Payables-211.3M-51.2M125.8M153.7M30.1M-230.5M88.5M156.1M-29.8M87.6M
Cash from Investing+-145.1M-200M-119.6M-145.1M81.7M-128.7M-77.3M-126.7M-193.2M-159.6M
Capital Expenditures-144.6M-202.2M-122.7M-139.2M-168.2M-136.5M-152.6M-130.9M-200.7M-239.1M
CapEx % of Revenue0.04%0.06%0.03%0.03%0.04%0.05%0.05%0.03%0.05%0.05%
Acquisitions----------
Investments----------
Other Investing02.2M3.1M4.1M91.8M7.8M22.2M3.9M7.8M31.5M
Cash from Financing+-106M323.5M9.2M-7.3M-203M116.9M103M-201.9M267.2M-260.4M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-66.5M-25.8M00000000
Share Repurchases----------
Other Financing-16M-38.6M-40.9M4.4M-40.4M-54.8M-74M-27.6M-22.2M60.1M
Net Change in Cash----------
Free Cash Flow+-13.2M-245.9M-100.3M253.6M61.9M30.4M-136.5M94M-114.8M168.1M
FCF Margin %-0%-0.08%-0.03%0.06%0.02%0.01%-0.05%0.02%-0.03%0.04%
FCF Growth %0.92%-17.63%0.59%3.53%-0.76%-0.51%-5.49%1.69%-2.22%2.46%
FCF per Share-0.12-2.29-0.911.740.420.24-1.070.62-0.771.15
FCF Conversion (FCF/Net Income)-0.35x0.07x-0.24x1.77x0.91x-0.11x0.09x0.70x0.21x1.11x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-15.46%-35.32%-5.59%11.6%12.07%-110.96%25.05%32.51%31.15%21.41%
Return on Invested Capital (ROIC)-7.4%-12.27%3.19%8.49%8.79%-41.89%4.97%11%13.36%15.11%
Gross Margin1.62%7.47%14.1%15.58%15.48%9.82%11.93%18.62%19.8%20.94%
Net Margin-10.16%-20.45%-2.61%5.5%6.12%-52.73%6.59%8.43%9.84%8.43%
Debt / Equity0.68x1.30x0.84x0.77x0.64x2.44x2.21x1.51x1.47x0.97x
Interest Coverage-3.35x-4.37x1.01x3.59x3.49x-13.56x1.21x3.43x4.41x4.90x
FCF Conversion-0.35x0.07x-0.24x1.77x0.91x-0.11x0.09x0.70x0.21x1.11x
Revenue Growth-11.93%-15.73%12.46%14.79%1.88%-27.66%-6.11%37.01%8.8%4.51%

Revenue by Segment

2015201620172018201920202021202220232024
High Performance Materials & Components4.13B3.96B4.25B2.41B2.5B1.24B1.25B1.82B2.3B2.53B
High Performance Materials & Components Growth--4.03%7.45%-43.26%3.66%-50.62%1.04%45.45%26.78%9.74%
Advanced Alloys & Solutions-----1.95B1.76B2.43B2.34B2.36B
Advanced Alloys & Solutions Growth-------9.50%38.09%-3.98%0.93%
Flat-Rolled Products3.62B2.52B3.06B1.8B1.82B-----
Flat-Rolled Products Growth--30.26%21.15%-41.11%1.22%-----

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES2.14B1.86B2.07B2.35B2.45B1.81B1.53B2.22B2.25B2.53B
UNITED STATES Growth--13.31%11.47%13.40%4.54%-26.30%-15.16%44.54%1.45%12.19%
Rest Of World---490.7M616M434.4M466.2M602.4M740.4M676M
Rest Of World Growth----25.53%-29.48%7.32%29.21%22.91%-8.70%
CHINA246.9M214.1M265.6M320M355.6M315.5M370.4M351.8M333.3M299.6M
CHINA Growth--13.28%24.05%20.48%11.13%-11.28%17.40%-5.02%-5.26%-10.11%
GERMANY193.3M177.7M217.1M247.2M219.3M125.4M121.3M200.9M243M259.7M
GERMANY Growth--8.07%22.17%13.86%-11.29%-42.82%-3.27%65.62%20.96%6.87%
UNITED KINGDOM------153.9M217.7M259.1M257.9M
UNITED KINGDOM Growth-------41.46%19.02%-0.46%
FRANCE153.3M142.6M165.6M183.6M155.5M85M-157.2M219.4M227.5M
FRANCE Growth--6.98%16.13%10.87%-15.31%-45.34%--39.57%3.69%
CANADA154.5M97.6M99.8M---75.9M87.4M-116.2M
CANADA Growth--36.83%2.25%----15.15%--
JAPAN202.3M151.9M131.7M214.9M147.7M86.2M----
JAPAN Growth--24.91%-13.30%63.17%-31.27%-41.64%----
Other Countries285.1M161.1M247M-------
Other Countries Growth--43.49%53.32%-------
MEXICO78.4M89.7M96.1M-------
MEXICO Growth-14.41%7.13%-------
Korea (South), Won-33.5M--------
Korea (South), Won Growth----------
ITALY65M25.1M--------
ITALY Growth--61.38%--------

Frequently Asked Questions

Valuation & Price

ATI Inc. (ATI) has a price-to-earnings (P/E) ratio of 49.2x. This suggests investors expect higher future growth.

Growth & Financials

ATI Inc. (ATI) reported $4.58B in revenue for fiscal year 2024. This represents a 12% decrease from $5.18B in 2011.

ATI Inc. (ATI) grew revenue by 4.5% over the past year. Growth has been modest.

Yes, ATI Inc. (ATI) is profitable, generating $444.8M in net income for fiscal year 2024 (8.4% net margin).

Dividend & Returns

ATI Inc. (ATI) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.

ATI Inc. (ATI) generated $506.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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