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ATI Inc.

Rank #369Capital ReturnWatchlistCompare with other stocks

ATI · NYSE · Industrials

ATI Inc. (ATI) — Rank #369 by gross profitability (GP/assets 0.18) · ROE 21.5% · Piotroski F-Score 8 / 9.

As-of 2026-10-30 · CIK 0001018963 · all metrics point-in-time as of the filing date.

About

ATI Inc. produces and sells specialty materials and complex components worldwide.

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It operates in two segments, High Performance Materials & Components, and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, and metallic powder alloys, as well as long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, seamless tubes, plus precision forgings, components, and machined parts. It also offers zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in various forms, such as plate, sheet, and precision rolled strip products. In addition, the company provides hot-rolling conversion services comprising carbon steel products. It serves medical and specialty energy, aerospace and defense, construction and mining, transportation, oil and gas, automotive, food equipment and appliances, and mining markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc.

was founded in 1996 and is headquartered in Dallas, Texas.

Industry
Metal Fabrication
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 28

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

7,600

Industry

Metal Fabrication

Exchange

NYSE

12/12

Flags passed

ATI passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.18
Return on equity
21.5%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.87
Current ratio
2.33×
Net cash
$399.40M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
5.2%
Piotroski F-Score
8 / 9
Share dilution
-3.3%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.18

Gross profitability (GP / assets)

0.18

Primary signal (Novy-Marx).

2nd of 6 SIC 33 peers

Return on equity

21.5%

Gross margin

22.0%

3rd of 6 SIC 33 peers

Revenue growth (YoY)

5.2%

RPO growth (YoY)

-5.1%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

6.1%

Revenue CAGR (5Y)

—

Earnings CAGR (3Y)

7.7%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 17% below net income

Free cash flow

$333.70M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-17.5%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $399.40M, F-Score 8/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.87

6th of 6 SIC 33 peers (best = lowest)

Current ratio

2.33×

5th of 6 SIC 33 peers

Quick ratio

1.01×

Net cash

$399.40M

Cash & equivalents minus total debt.

Piotroski F-Score

8 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.0 / 5

Good
Share count trend(net buybacks)
-3.3%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-3.0%2/5 Fair

Lifecycle Phase History

20222025
Value
Hypergrowth
Capital Return

Price History

ATI+985.1% · +60.9% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports