ATI · Ati Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ATI

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.59B	$4.36B	$3.84B	$3.84B	$2.80B	$2.98B
Cost of Revenue	$3.58B	$3.46B	$2.47B	$3.12B	$2.47B	$2.69B
Gross Profit	$1.01B	$898.20M	$802.60M	$714.20M	$333.20M	$292.80M
R&D	$21.30M	$19.60M	$20.70M	$16.30M	$16.50M	$14.10M
SG&A	$365.10M	$342.30M	$328.10M	$297.50M	$226.90M	$201.00M
Total Operating Expenses	-	-	-	-	-	-
D&A	$168.10M	$151.50M	$143.90M	$142.90M	$143.90M	$143.30M
Operating Income	$640.90M	$608.90M	$117.60M	$287.30M	$117.60M	($1.30B)
Interest Expense	$110.70M	$124.20M	$105.80M	$92.10M	$97.60M	$96.10M
Income Tax	$103.70M	$103.40M	$15.50M	$15.50M	$26.80M	$77.70M
Net Income	$404.30M	$367.80M	$184.60M	$130.90M	($38.20M)	($1.57B)
EPS - Basic	$2.92	$2.82	$1.45	$1.03	($0.30)	($12.43)
EPS - Diluted	$2.85	$2.55	$1.32	$0.96	($0.30)	($12.43)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$416.70M	$721.20M	$584.00M	$584.00M	$687.70M	$645.90M
Accounts Receivable	$686.10M	$709.20M	$579.20M	$579.20M	$470.00M	$345.80M
Inventory	$1.40B	$1.35B	$1.20B	$1.20B	$1.05B	$997.10M
Accounts Payable	$568.20M	$609.10M	$553.30M	$553.30M	$375.50M	$290.60M
Current Assets	$2.68B	$2.94B	$2.48B	$2.48B	$2.31B	$2.07B
Total Assets	$5.10B	$5.23B	$4.29B	$4.45B	$4.29B	$4.03B
Current Liabilities	$1.01B	$1.21B	$977.10M	$963.90M	$856.40M	$653.30M
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$3.18B	$3.28B	$3.29B	$3.29B	$3.45B	$3.39B
Stockholders' Equity	$1.80B	$1.85B	$1.05B	$1.05B	$685.60M	$521.10M
Retained Earnings	$468.70M	$64.30M	($70.10M)	$176.90M	$72.70M	$106.50M

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$614.30M	$407.20M	$224.90M	$224.90M	$16.10M	$166.90M
Investing Cash Flow	($234.50M)	($159.60M)	($77.30M)	($126.70M)	($77.30M)	($128.70M)
Financing Cash Flow	($699.90M)	($260.40M)	($201.90M)	($201.90M)	$103.00M	$116.90M
CapEx	$280.60M	$239.10M	$152.60M	$130.90M	$152.60M	$136.50M
Free Cash Flow	$333.70M	$168.10M	$72.30M	$94.00M	($136.50M)	$30.40M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	22.0%	20.6%	20.9%	18.6%	11.9%	9.8%
Operating margin	14.0%	14.0%	3.1%	7.5%	4.2%	-43.7%
EBITDA margin	17.6%	17.4%	6.8%	11.2%	9.3%	-38.9%
Net margin	8.8%	8.4%	4.8%	3.4%	-1.4%	-52.7%
Free cash flow margin	7.3%	3.9%	1.9%	2.5%	-4.9%	1.0%
FCF / Net income	0.83	0.46	0.39	0.72	3.57	-0.02
R&D / Revenue	0.5%	0.4%	0.5%	0.4%	0.6%	0.5%
SG&A / Revenue	8.0%	7.8%	8.6%	7.8%	8.1%	6.7%
Effective tax rate	20.4%	21.9%	7.7%	10.6%	-	-
Return on assets	7.9%	7.0%	4.3%	2.9%	-0.9%	-39.0%
Return on equity	22.4%	19.9%	17.6%	12.5%	-5.6%	-301.8%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	2.66	2.44	2.53	2.57	2.69	3.16
Quick ratio	1.27	1.32	1.31	1.33	1.47	1.64
Cash ratio	0.41	0.60	0.60	0.61	0.80	0.99
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	5.8x	4.9x	1.1x	3.1x	1.2x	-13.6x
Equity multiplier	2.83	2.83	4.10	4.25	6.25	7.74
Liabilities / Assets	0.62	0.63	0.77	0.74	0.81	0.84
Efficiency
Asset turnover	0.90	0.83	0.90	0.86	0.65	0.74
Inventory turnover	2.55	2.56	2.06	2.61	2.36	2.70
Days sales outstanding	55d	59d	55d	55d	61d	42d
Days inventory outstanding	143d	143d	177d	140d	155d	135d
Days payable outstanding	58d	64d	82d	65d	56d	39d
Cash conversion cycle	140d	138d	150d	130d	161d	138d
Valuation
P / E	40.3x	21.6x	34.4x	31.1x	-	-
P / B	9.0x	4.4x	6.6x	4.3x	3.0x	4.1x
P / S	3.5x	1.8x	1.8x	1.2x	0.7x	0.7x
EV / EBITDA	19.6x	9.7x	24.3x	9.1x	5.1x	-
Growth
Revenue growth (YoY)	5.2%	13.7%	0.0%	37.0%	-6.1%	-27.7%
Revenue CAGR (3y)	6.1%	15.9%	8.8%	-2.4%	-3.7%	-
Revenue CAGR (5y)	9.0%	1.1%	4.1%	-	-	-
Gross profit growth (YoY)	12.1%	11.9%	12.4%	114.3%	13.8%	-54.1%
Operating income growth (YoY)	5.3%	417.8%	-59.1%	144.3%	-	-
Net income growth (YoY)	9.9%	99.2%	41.0%	-	97.6%	-
EPS growth (YoY)	11.8%	93.2%	37.5%	-	97.6%	-
EPS CAGR (3y)	43.7%	-	-	-19.6%	-	-
EPS CAGR (5y)	-	6.6%	-3.9%	-	-	-
FCF growth (YoY)	98.5%	132.5%	-23.1%	-	-	-50.9%
FCF CAGR (5y)	61.5%	22.1%	-22.2%	-	-	-
Book value growth (YoY)	-2.5%	76.9%	0.0%	52.6%	31.6%	-75.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-28.

Business segments

$1.76B total

High Performance Materials Components$1.65B · 93.6%

Advanced Alloys Solutions$113.30M · 6.4%

Geographic

$2.44B total

US$1.34B · 54.7%

Rest Of World$395.10M · 16.2%

GB$222.00M · 9.1%

DE$160.20M · 6.6%

FR$156.00M · 6.4%

CA$90.70M · 3.7%

CN$81.50M · 3.3%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.84

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

8/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Steel Pipe & Tubes

Company	Revenue (last FY)	Net margin	ROE
NWPX	-	-	9.0%
INHD	$2.85M	-248.7%	-46.7%
HUDI	$1.41M	-99.2%	-1.8%

Comparing ATI INC against the 3 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Aug 16, 2016	$0.0800
May 25, 2016	$0.0800
Mar 9, 2016	$0.0800
Dec 17, 2015	$0.0800
Aug 17, 2015	$0.1800
May 22, 2015	$0.1800
Mar 9, 2015	$0.1800
Dec 12, 2014	$0.1800
Aug 18, 2014	$0.1800
Jun 3, 2014	$0.1800
Mar 10, 2014	$0.1800
Dec 18, 2013	$0.1800
Aug 19, 2013	$0.1800
May 20, 2013	$0.1800
Mar 11, 2013	$0.1800
Dec 13, 2012	$0.1800
Sep 17, 2012	$0.1800
May 25, 2012	$0.1800
Mar 12, 2012	$0.1800
Dec 16, 2011	$0.1800
Sep 16, 2011	$0.1800
May 24, 2011	$0.1800
Mar 9, 2011	$0.1800
Dec 17, 2010	$0.1800