Last 48 quarters of trend data · Industrials · Manufacturing - Metal Fabrication
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
ATI Inc.'s quarterly P/E stands at 41.3x, up 112.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 109.9% YoY to 24.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 55.58 | 41.30 | 42.37 | 26.54 | 31.00 | 19.41 | 14.64 | 29.35 | 24.32 | 27.81 | 11.48 | 16.59 | 17.83 |
| — | +112.7% | +189.5% | -9.6% | +27.5% | -30.2% | +27.5% | +76.9% | +36.4% | +63.5% | +189.2% | +4.8% | — | |
| P/S Ratio | 4.73 | 4.25 | 3.46 | 2.59 | 2.72 | 1.64 | 1.71 | 2.34 | 1.85 | 1.81 | 1.60 | 1.51 | 1.59 |
| — | +159.3% | +102.7% | +11.0% | +47.1% | -9.4% | +7.0% | +55.0% | +16.7% | +26.8% | +43.6% | +55.0% | +115.2% | |
| P/B Ratio | 11.72 | 10.38 | 8.51 | 6.40 | 6.69 | 3.78 | 4.10 | 5.14 | 5.53 | 5.50 | 4.59 | 4.56 | 5.07 |
| — | +174.2% | +107.5% | +24.5% | +21.0% | -31.1% | -10.7% | +12.7% | +9.0% | +12.7% | +18.2% | +6.6% | +60.2% | |
| P/FCF | 65.00 | 67.04 | 18.27 | 17.48 | 34.73 | — | 6.01 | — | 49.59 | — | 4.67 | — | 65.86 |
| — | — | +204.2% | — | -30.0% | — | +28.6% | — | -24.7% | — | +22.2% | — | — | |
| EV / EBITDA | 28.59 | 24.33 | 20.87 | 16.11 | 17.27 | 11.59 | 10.33 | 15.63 | 13.65 | 15.42 | 16.82 | 12.27 | 13.10 |
| — | +109.9% | +102.0% | +3.1% | +26.5% | -24.8% | -38.6% | +27.4% | +4.2% | +22.2% | +83.0% | +34.9% | -70.2% | |
| EV / EBIT | 36.59 | 30.74 | 26.15 | 19.35 | 21.74 | 14.71 | 14.86 | 20.43 | 17.34 | 20.35 | 32.81 | 16.20 | 16.80 |
| — | +109.0% | +76.0% | -5.3% | +25.4% | -27.7% | -54.7% | +26.1% | +3.2% | +20.3% | +517.8% | +24.6% | +51.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
ATI Inc.'s operating margin was 14.8% in Q1 2026, up 0.3 pp QoQ and up 1.6 pp YoY. Gross margin expanded 10.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.8% | 22.8% | 23.2% | 22.7% | 21.4% | 20.7% | 22.1% | 21.3% | 21.4% | 19.2% | 21.4% | 19.0% | 20.0% |
| — | +10.4% | +5.2% | +6.3% | -0.3% | +7.6% | +3.3% | +12.5% | +7.2% | +3.2% | +16.3% | +6.5% | +9.4% | |
| Operating Margin | 13.8% | 14.8% | 14.5% | 14.4% | 14.1% | 13.2% | 17.8% | 13.5% | 13.0% | 11.0% | 10.2% | 12.2% | 11.5% |
| — | +12.0% | -18.7% | +6.7% | +8.4% | +19.9% | +75.0% | +10.8% | +13.2% | +1.8% | -25.2% | +11.3% | +1051.3% | |
| Net Margin | 8.8% | 10.3% | 8.2% | 9.8% | 8.8% | 8.5% | 11.7% | 7.9% | 7.5% | 6.3% | 13.7% | 8.8% | 8.6% |
| — | +21.1% | -29.8% | +24.2% | +18.1% | +33.7% | -14.6% | -10.5% | -13.5% | -22.1% | -48.7% | +48.5% | +318.2% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.9% | 6.2% | 5.2% | 6.0% | 5.2% | 4.9% | 7.1% | 4.9% | 5.8% | 4.6% | 10.3% | 6.8% | 7.2% |
| — | +26.2% | -27.2% | +22.0% | -9.0% | +6.4% | -31.0% | -27.7% | -19.5% | -35.0% | -60.1% | +1.5% | +259.3% | |
| ROA | 7.8% | 2.3% | 1.9% | 2.2% | 2.0% | 1.9% | 2.7% | 1.7% | 1.7% | 1.4% | 3.0% | 2.0% | 2.1% |
| — | +22.8% | -28.2% | +32.5% | +16.9% | +37.6% | -11.2% | -15.9% | -18.6% | -30.1% | -51.4% | +37.2% | +330.9% | |
| ROIC | 14.5% | 3.8% | 3.8% | 3.6% | 3.5% | 3.5% | 4.8% | 3.2% | 3.4% | 2.8% | 2.7% | 3.2% | 3.2% |
| — | +8.8% | -21.9% | +11.1% | +5.2% | +22.3% | +78.3% | +1.9% | +3.6% | -14.6% | -39.1% | -12.4% | +968.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
ATI Inc.'s Debt/EBITDA ratio is 8.5x, down from 9.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 5.5% YoY to 2.67x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 0.97 | 1.02 | 1.04 | 1.02 | 0.96 | 0.97 | 0.99 | 1.48 | 1.58 | 1.47 | 1.61 | 1.35 |
| — | +1.5% | +4.8% | +6.0% | -31.2% | -39.7% | -34.2% | -38.9% | +9.2% | +11.3% | -2.5% | -12.5% | -30.2% | |
| Debt / EBITDA | 2.40 | 8.47 | 9.12 | 9.30 | 9.33 | 9.84 | 8.53 | 10.42 | 12.03 | 14.38 | 17.82 | 13.52 | 11.41 |
| — | -13.9% | +7.0% | -10.8% | -22.4% | -31.5% | -52.2% | -22.9% | +5.4% | +22.9% | +56.8% | +16.4% | -84.0% | |
| Current Ratio | 2.66 | 2.67 | 2.66 | 2.50 | 2.52 | 2.53 | 2.44 | 2.94 | 2.13 | 2.81 | 2.80 | 3.13 | 2.74 |
| — | +5.5% | +9.3% | -14.9% | +18.3% | -9.8% | -13.0% | -6.2% | -22.3% | -0.2% | +9.1% | +8.9% | -5.2% | |
| Quick Ratio | 1.27 | 1.17 | 1.27 | 1.18 | 1.20 | 1.30 | 1.32 | 1.44 | 1.07 | 1.37 | 1.53 | 1.50 | 1.20 |
| — | -10.6% | -3.7% | -18.2% | +12.2% | -5.1% | -13.6% | -4.0% | -10.8% | +10.8% | +14.8% | +7.2% | -7.7% | |
| Interest Coverage | 5.73 | 7.21 | 7.07 | 6.54 | 6.33 | 6.59 | 6.13 | 4.94 | 5.00 | 4.31 | 2.22 | 5.14 | 5.69 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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ATI Inc.'s current P/E is 55.6x. The average P/E over the last 4 quarters is 35.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ATI Inc.'s current operating margin is 13.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ATI Inc.'s business trajectory between earnings reports.