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ATIATI Inc.
$186.56$25.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
ATI logo

ATI Inc.

ATI
NYSE · Metal Fabrication
$186.56
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$25.46B
P/E65.5x
52W High$243.57
Volume1.43M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Aerospace Mix Drives Margin Expansion Amid Leverage Risk

ATI's accelerating revenue growth, up 10.6% in Q2 2026, and record operating margin of 17.4% reflect a strategic pivot toward aerospace, which is driving robust earnings quality. The balance sheet has strengthened with debt-to-equity falling to 1.10 from 1.58,...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

ATI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+72% Peers

P/E is 72% above peer median

03

Market leadership

RS 84 · Leader

High momentum (Outperforming 84% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 6
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 10.6% in Q2 2026 with gross margin expanding to 24.6% from 19.2% in Q1 2024, driving operating margin to a series-high 17.4%.

Analyst Consensus+32.9% target
Buy(30 analysts)
20 Buy9 Hold1 Sell

The Bull Case

Upside Catalysts

Aerospace and defense growth

ATI is a global producer of high-performance materials for aerospace and defense markets, with continued expansion in capacity and strong demand drivers.

Share repurchase expansion

ATI increased its share repurchase authorization by $500 million to $1.2 billion, signaling strong capital allocation and confidence in future cash flows.

Margin expansion and pricing power

Recent results show margin expansion and specialty-alloy pricing strength, supporting earnings growth and analyst optimism.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ATI+56.51%
S&P 500 (^GSPC)+13.20%
1-Year Return
ATI+133.58%
S&P 500 (^GSPC)+15.98%
3-Year Return
ATI+342.09%
S&P 500 (^GSPC)+73.54%
5-Year Return
ATI+1036.87%
S&P 500 (^GSPC)+71.25%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
65.5x
Forward P/EExpansion
36.9x
EV/EBITDA100th %ile
33.2x
FCF YieldCash Flow
1.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
65.5x
16.2x
100th· High
EV/EBITDA
33.2x
13.1x
100th· High
Price/FCF
76.3x
48.4x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$17.57-90.6%
Base (Fair)$143.98-24.9%
Bull$52.23-72.0%
$17.57 Bear$143.98 Base$52.23 Bull
Current Market Price: $186.56
Trades at a 29.6% premium to Base DCF ($143.98)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$4.59B+5.2% YoY
Net income
$404M+9.9% YoY
Free cash flow
$334M+98.5% YoY
Operating margin
13.8%-0.1 pts YoY
ROIC (TTM)14.5%
Avg ROIC 5Y-
ROE (TTM)20.9%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$1.23+19.4%
vs $1.03
$1.3B+3.7%
vs $1.2B
Q2 2026
Apr 30, 2026
$1.00+14.0%
vs $0.88
$1.2B-3.0%
vs $1.2B
Q1 2026
Feb 3, 2026
$0.93+4.5%
vs $0.89
$1.2B-0.8%
vs $1.2B
Q4 2025
Oct 28, 2025
$0.85+16.0%
vs $0.73
$1.1B+0.2%
vs $1.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·1d ago
Best Growth Stocks to Buy for September 22nd

ATI, BEKE and CNC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 22nd, 2026.

Newsfile Corp·1d ago
Edge Total Intelligence Selected as a Finalist in the Maritime Manufacturing Innovation Challenge

Company Recognized as an AI Innovator and Selected to Present in ATI Horizons: Critical Technology Spotlight on Autonomy, AI and Cyber Arlington, Virginia--(Newsfile Corp. - September 22, 2026) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) ("edgeTI", "Edge Technologies" or the "Company"), a provider of real-time digital operations and decision intelligence software, today announced the down selection of its edgeCore™ Digital Twin of the Organization (DTO) platform, as one of 10 finalists to compete for ATI Horizons Maritime Manufacturing Innovation Challenge on September 23, 2026. The Company was also recognized as as AI Innovator and selected to present in the ATI Horizons: Critical Technology Spotlight on Autonomy, AI and Cyber to be held the same day.

Zacks Investment Research·2d ago
Here's Why ATI (ATI) is a Strong Growth Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Zacks Investment Research·2d ago
Are Aerospace Stocks Lagging ATI INC (ATI) This Year?

Here is how ATI (ATI) and Bae Systems PLC (BAESY) have performed compared to their sector so far this year.

Filtered for ATI Inc.More Headlines
04

Compare before deciding

Benchmark ATI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for ATI Inc. (ATI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ATI logoATIATI Inc.Current
$186.56$25.46B65.465.16%8.81%20.88%—
HWM logoHWMHowmet Aerospace Inc.
$225.36$90.17B60.7411.06%20.52%34.41%—
CRS logoCRSCarpenter Technology Corporation
$400.02$19.88B38.028.59%16.96%25.87%—
MTRN logoMTRNMaterion Corporation
$253.30$5.27B70.756.05%4.29%9.41%—
NUE logoNUENucor Corporation
$245.66$55.95B32.675.73%7.99%12.84%—
STLD logoSTLDSteel Dynamics, Inc.
$233.99$33.74B29.293.63%7.83%17.66%—

Compare ATI vs Peers

ATI Inc. (ATI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HWM

Most directly comparable listed peer for ATI.

Scale Benchmark

vs GE

Larger-name benchmark to compare ATI against a more recognizable public peer.

Peer Set

Compare Top 5

vs HWM, CRS, MTRN, NUE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ATI SEC Filings & Documents

ATI Inc. (ATI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jun 8, 2026·SEC

Material company update

Jun 3, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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ATI Frequently Asked Questions

ATI Inc. (ATI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is ATI Inc.'s revenue?

ATI Inc. (ATI) reported $4.72B in revenue for fiscal year 2025. This represents a 24% increase from $3.82B in 1996.

How fast is ATI Inc. growing?

ATI Inc. (ATI) grew revenue by 5.2% over the past year. This is steady growth.

Is ATI profitable?

Yes, ATI Inc. (ATI) is profitable, generating $475.8M in net income for fiscal year 2025 (8.8% net margin).

Dividend & Returns
What is ATI's return on equity?

ATI Inc. (ATI) has a return on equity (ROE) of 20.9%. This is excellent, indicating efficient use of shareholder capital.

What is ATI Inc.'s free cash flow?

ATI Inc. (ATI) generated $526.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ATI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →