ATI Inc. (ATI) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Manufacturing - Metal Fabrication
EV/EBITDA
↑
29.72
↑+98% vs avg
5yr avg: 15.01
30Y Low2.6·High52.1
P/FCF
↑
67.74
↑+39% vs avg
5yr avg: 48.72
30Y Low3.2·High140.7
P/B Ratio
↑
12.21
↑+157% vs avg
5yr avg: 4.75
30Y Low0.6·High8.7
ROE
↓
20.9%
↑-20% vs avg
5yr avg: 26.2%
30Y Low-111%·High59%
Debt/EBITDA
↓
2.40
↓-41% vs avg
5yr avg: 4.05
30Y Low0.4·High13.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ATI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ATI Inc. trades at 57.9x earnings, 177% above its 5-year average of 20.9x, sitting at the 83rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 124%. On a free-cash-flow basis, the stock trades at 67.7x P/FCF, 39% above the 5-year average of 48.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $22.6B | $16.6B | $8.1B | $6.8B | $4.5B | $2.0B | $2.1B | $3.0B | $3.2B | $2.7B | $1.7B |
| Enterprise Value | $24.1B | $18.1B | $9.3B | $8.3B | $5.7B | $3.2B | $3.0B | $3.9B | $4.3B | $4.1B | $3.4B |
| P/E Ratio → | 57.92 | 41.04 | 21.75 | 16.18 | 13.39 | 12.16 | — | 11.41 | 13.52 | — | — |
| P/S Ratio | 4.93 | 3.62 | 1.87 | 1.63 | 1.18 | 0.72 | 0.71 | 0.73 | 0.78 | 0.75 | 0.55 |
| P/B Ratio | 12.21 | 8.65 | 4.16 | 4.61 | 3.90 | 2.43 | 3.31 | 1.38 | 1.59 | 1.44 | 1.18 |
| P/FCF | 67.74 | 49.70 | 48.42 | — | 48.03 | — | 69.78 | 48.90 | 12.52 | — | — |
| P/OCF | 36.80 | 27.00 | 19.99 | 79.40 | 20.07 | 125.76 | 12.71 | 13.15 | 8.09 | 118.65 | — |
P/E links to full P/E history page with 30-year chart
ATI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ATI Inc.'s enterprise value stands at 29.7x EBITDA, 98% above its 5-year average of 15.0x. The Industrials sector median is 13.9x, placing the stock at a 114% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.95 | 2.14 | 1.98 | 1.48 | 1.14 | 1.02 | 0.95 | 1.07 | 1.15 | 1.07 |
| EV / EBITDA | 29.72 | 22.31 | 12.68 | 14.07 | 12.92 | 13.09 | — | 7.60 | 8.36 | 14.50 | — |
| EV / EBIT | 38.03 | 28.54 | 17.09 | 19.73 | 10.23 | 8.66 | 64.61 | 13.24 | 13.21 | 20.84 | — |
| EV / FCF | — | 54.28 | 55.41 | — | 60.41 | — | 100.11 | 63.57 | 17.10 | — | — |
ATI Profitability
Margins and return-on-capital ratios measuring operating efficiency
ATI Inc. earns an operating margin of 13.8%, above the Industrials sector average of 4.9%. Operating margins have expanded from 11.2% to 13.8% over the past 3 years, signaling improving operational efficiency. ROE of 20.9% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 14.5% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.8% | 21.8% | 20.9% | 19.8% | 18.6% | 11.9% | 9.8% | 15.5% | 15.6% | 14.1% | 7.5% |
| Operating Margin | 13.8% | 13.8% | 14.0% | 11.2% | 8.2% | 4.2% | -43.7% | 8.9% | 8.9% | 3.8% | -17.3% |
| Net Profit Margin | 8.8% | 8.8% | 8.4% | 9.8% | 8.4% | 6.6% | -52.7% | 6.1% | 5.5% | -2.6% | -20.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.9% | 20.9% | 21.4% | 31.1% | 32.5% | 25.0% | -111.0% | 12.1% | 11.6% | -5.6% | -35.3% |
| ROA | 7.8% | 7.8% | 7.2% | 8.7% | 7.4% | 4.4% | -32.5% | 4.5% | 4.2% | -1.8% | -11.7% |
| ROIC | 14.5% | 14.5% | 15.1% | 13.4% | 11.0% | 5.0% | -41.9% | 8.8% | 8.5% | 3.2% | -12.3% |
| ROCE | 15.6% | 15.6% | 15.2% | 12.5% | 9.1% | 3.5% | -31.9% | 7.8% | 7.9% | 3.0% | -11.4% |
ATI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ATI Inc. carries a Debt/EBITDA ratio of 2.4x, which is manageable (24% below the sector average of 3.2x). Net debt stands at $1.5B ($1.9B total debt minus $417M cash). Interest coverage of 5.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 1.02 | 0.97 | 1.47 | 1.51 | 2.21 | 2.44 | 0.64 | 0.77 | 0.84 | 1.30 |
| Debt / EBITDA | 2.40 | 2.40 | 2.58 | 3.71 | 3.98 | 7.58 | — | 2.70 | 2.97 | 5.51 | — |
| Net Debt / Equity | — | 0.80 | 0.60 | 0.97 | 1.01 | 1.39 | 1.44 | 0.41 | 0.58 | 0.76 | 1.14 |
| Net Debt / EBITDA | 1.89 | 1.89 | 1.60 | 2.45 | 2.65 | 4.75 | — | 1.76 | 2.24 | 5.00 | — |
| Debt / FCF | — | 4.59 | 6.98 | — | 12.38 | — | 30.33 | 14.67 | 4.57 | — | — |
| Interest Coverage | 5.73 | 5.73 | 4.39 | 3.96 | 6.03 | 3.79 | 0.49 | 2.83 | 3.25 | 1.46 | -0.62 |
ATI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
ATI Inc.'s current ratio of 2.66x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.27x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.80x to 2.66x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.66 | 2.66 | 2.44 | 2.80 | 2.57 | 2.69 | 3.16 | 2.71 | 2.68 | 2.69 | 2.49 |
| Quick Ratio | 1.27 | 1.27 | 1.32 | 1.53 | 1.33 | 1.47 | 1.64 | 1.35 | 1.24 | 1.04 | 1.03 |
| Cash Ratio | 0.41 | 0.41 | 0.60 | 0.76 | 0.61 | 0.80 | 0.99 | 0.58 | 0.46 | 0.20 | 0.32 |
| Asset Turnover | — | 0.90 | 0.83 | 0.84 | 0.86 | 0.65 | 0.74 | 0.73 | 0.74 | 0.68 | 0.61 |
| Inventory Turnover | 2.56 | 2.56 | 2.55 | 2.68 | 2.61 | 2.36 | 2.70 | 3.02 | 2.82 | 2.57 | 2.80 |
| Days Sales Outstanding | — | 60.38 | 65.67 | 59.83 | 61.21 | 68.30 | 47.09 | 52.47 | 52.23 | 56.46 | 52.64 |
ATI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ATI Inc. returns 2.1% to shareholders annually — split between a 0.1% dividend yield and 2.1% buyback yield. The payout ratio of 3.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | — | — | — | — | — | — | — | — | 1.5% |
| Payout Ratio | 3.3% | 3.3% | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 2.4% | 4.6% | 6.2% | 7.5% | 8.2% | — | 8.8% | 7.4% | — | — |
| FCF Yield | 1.5% | 2.0% | 2.1% | — | 2.1% | — | 1.4% | 2.0% | 8.0% | — | — |
| Buyback Yield | 2.1% | 2.8% | 3.5% | 1.4% | 3.2% | 0.2% | 0.4% | 0.3% | 0.2% | 0.2% | 0.0% |
| Total Shareholder Yield | 2.1% | 2.9% | 3.5% | 1.4% | 3.2% | 0.2% | 0.4% | 0.3% | 0.2% | 0.2% | 1.5% |
| Shares Outstanding | — | $142M | $147M | $150M | $151M | $127M | $127M | $147M | $146M | $110M | $107M |
Peer Comparison
Compare ATI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ATIYou | $23B | 57.9 | 29.7 | 67.7 | 21.8% | 13.8% | 20.9% | 14.5% | 2.4 |
 HWM | $103B | 69.1 | 43.6 | 71.8 | 30.7% | 25.8% | 30.4% | 21.1% | 1.3 |
 CRS | $23B | 61.7 | 35.1 | 79.6 | 26.7% | 18.1% | 21.4% | 17.5% | 1.1 |
 MTRN | $4B | 54.9 | 25.3 | 81.8 | 16.7% | 6.5% | 8.3% | 6.0% | 3.2 |
 NUE | $53B | 31.1 | 14.1 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 STLD | $35B | 30.3 | 19.0 | 69.9 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 CMC | $8B | 97.5 | 10.3 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 RS | $19B | 26.9 | 16.2 | 38.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 CLF | $6B | -3.7 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 RTX | $238B | 35.6 | 21.0 | 30.0 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 GE | $320B | 37.5 | 32.8 | 44.0 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full ATI Stock Analysis
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Start ComparisonATI — Frequently Asked Questions
Quick answers to the most common questions about buying ATI stock.
What is ATI Inc.'s P/E ratio?
ATI Inc.'s current P/E ratio is 57.9x. The historical average is 30.6x. This places it at the 83th percentile of its historical range.
What is ATI Inc.'s EV/EBITDA?
ATI Inc.'s current EV/EBITDA is 29.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
What is ATI Inc.'s ROE?
ATI Inc.'s return on equity (ROE) is 20.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.5%.
Is ATI stock overvalued?
Based on historical data, ATI Inc. is trading at a P/E of 57.9x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is ATI Inc.'s dividend yield?
ATI Inc.'s current dividend yield is 0.06% with a payout ratio of 3.3%.
What are ATI Inc.'s profit margins?
ATI Inc. has 21.8% gross margin and 13.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does ATI Inc. have?
ATI Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.