Saturday 17 October 2026 Export ATI’s income statement to Excel — free account

ATI Inc.

ATI Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.6 billion, up 5.16% from fiscal 2024. In the quarter to June 2026, revenue grew 10.6%, EPS grew 54.2%, free cash flow fell 23.1% and total debt rose 16.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

185.59 3.72 −1.97%

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Market cap: $25.8B
P/E: 53.3×
Fwd P/E: 41.5×
Dividend yield: —
F-score: 8/9
Altman Z: 4.84
Beneish M: −2.72
Dividend safety: 62/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 81.62

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	6	1	—	1	—	—	1	2	2	3	4	—

Insider Ownership 1.15%

Capital & Financial Ratios $m

Market Cap 25,780.00

Revenue 4,715.20

Net Income 488.90

Free Cash Flow 542.90

Net Debt 1,409.00

Current Ratio 2.33

Debt/Equity 1.10

P/E ratio 53.33

Fwd P/E 41.50

P/S ratio 5.36

P/B ratio 12.66

Past 5Y EPS Growth —

This Y EPS Growth 57.92%

Next Y EPS Growth 23.75%

Next Y revenue growth 12.13%

Next 5Y EPS Growth 31.41%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 93.61%

10-year low 10-year high

P/S against its own 10 years 96.98%

10-year low 10-year high

P/B against its own 10 years 96.76%

10-year low 10-year high

EV/Sales against its own 10 years 96.90%

10-year low 10-year high

EV/FCF against its own 10 years 54.77%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack
2016	0.24	0.08 0.08 0.08

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	744	721	417	783
Receivables	625	709	686	647
Inventory	1,248	1,353	1,403	1,668
Other	59	76	73	96
	2,738	2,945	2,680	3,280

	2023	2024	2025	Q'26
Payables	525	609	568	657
ST’ Debt	32	180	31	384
Other	420	419	407	161
	977	1,209	1,006	1,410

Compound Annual Growth %

	10y	5y	3y
Sales	2.12%	9.00%	6.14%
Cash Flow	16.68%	29.77%	39.79%
Earnings	0.00%	0.00%	7.72%
Book Value	(1.30%)	24.48%	18.32%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,152	1,261	—	—	—
’25	1,144	1,140	1,126	1,177	4,587
’24	1,043	1,095	1,051	1,173	4,362
’23	1,038	1,046	1,026	1,064	4,174
’22	834	960	1,032	1,010	3,836
’21	693	616	726	765	2,800
’20	956	770	598	658	2,982

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	128	132	—	—	—
’25	(92)	162	230	316	614
’24	(99)	101	24	381	407
’23	(285)	68	(114)	417	86
’22	(217)	(5)	123	324	225
’21	(68)	(34)	(142)	261	16
’20	(115)	101	59	122	167

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	73	69	—	—	—
’25	(146)	90	178	223	345
’24	(164)	46	(37)	351	196
’23	(345)	26	(156)	364	(111)
’22	(242)	(34)	78	296	97
’21	(93)	(68)	(185)	230	(116)
’20	(142)	64	32	82	36

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.85	1.09	—	—	—
’25	0.67	0.70	0.78	0.69	2.85
’24	0.46	0.58	0.57	0.94	2.55
’23	0.48	0.52	0.73	0.99	2.81
’22	0.23	(0.31)	0.42	1.86	2.24
’21	(0.06)	(0.39)	0.35	1.36	1.35
’20	0.16	(3.34)	(0.40)	(8.85)	(12.43)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.08	14.54	20.84	17.03	4.95	13.85	16.02	29.37	38.04	39.23	Analyst estimates 2026–2028 Powerpack
	High	19.20	26.59	30.25	29.50	20.91	25.04	33.31	47.92	68.92	117.48
People
People	Employees	8,500	8,600	8,800	100	6,500	6,300	6,700	7,300	7,700	7,600
	Revenue/emp, $m	0.37	0.41	0.46	41.23	0.46	0.44	0.57	0.57	0.57	0.60
Income, $m
Income, $m	Revenue	3,135	3,525	4,047	4,123	2,982	2,800	3,836	4,174	4,362	4,587
	Gross margin, %	7.11	14.10	15.58	15.48	9.82	11.90	18.62	19.23	20.59	21.95
	EBT	(734)	(86)	248	237	(1,482)	233	355	295	486	522
	EBT margin, %	(23.42)	(2.45)	6.12	5.74	(49.69)	8.34	9.24	7.07	11.14	11.39
	Net income	(627)	(80)	237	265	(1,560)	207	339	423	383	419
	Depreciation	170	161	156	151	143	144	143	146	152	168
Per share, $
Per share, $	Revenue	29.21	32.02	32.32	32.77	23.57	22.03	30.09	32.58	33.45	33.10
	Earnings	(5.97)	(0.83)	1.78	2.05	(12.43)	1.63	2.66	3.21	2.82	2.92
	Cash flow	(0.41)	0.20	3.14	1.83	1.32	0.13	1.76	0.67	3.12	4.43
	Capex	(1.88)	(1.09)	(1.09)	(0.61)	(1.03)	(1.04)	(1.00)	(1.54)	(1.62)	(1.94)
	Free cash flow	(2.29)	(0.89)	2.05	1.22	0.29	(0.91)	0.76	(0.87)	1.50	2.49
	Book value	13.47	16.75	15.91	17.43	5.07	6.55	9.08	11.56	14.99	13.83
	Shares, m	107	110	125	126	127	127	128	128	130	139
Valuation, ×
Valuation, ×	P/E	0.00	0.00	12.30	10.08	0.00	10.69	11.55	15.38	19.73	39.44
	P/S	0.56	0.80	0.67	0.63	0.71	0.72	0.98	1.36	1.65	3.47
	P/B	1.21	1.53	1.37	1.19	3.31	2.43	3.26	3.83	3.67	8.30
	EV/Sales	1.08	1.20	0.96	0.85	1.02	1.14	1.29	1.70	1.91	3.76
	EV/FCF	(13.81)	(43.24)	15.15	22.79	83.84	(27.48)	50.80	(64.06)	42.67	50.00
Cash, $m
Cash, $m	Operating cash flow	(44)	22	393	230	167	16	225	86	407	614
	Capex	(202)	(120)	(136)	(76)	(131)	(132)	(128)	(197)	(211)	(269)
	Free cash flow	(246)	(98)	256	154	36	(116)	97	(111)	196	345
Balance, $m
Balance, $m	Working capital	1,058	1,203	1,410	1,454	1,413	1,450	1,513	1,761	1,737	1,674
	Total debt	1,877	1,541	1,542	1,399	1,568	1,843	1,748	2,180	1,895	1,749
	Net debt	1,647	1,399	1,160	908	922	1,155	1,164	1,436	1,174	1,333
	Shareholders’ equity	1,445	1,845	1,992	2,193	641	833	1,157	1,481	1,955	1,917
Returns, %
Returns, %	ROA	(11.74)	(1.77)	4.16	4.53	(32.53)	4.44	7.41	8.71	7.20	7.83
	ROIC	(10.95)	2.59	7.18	7.38	(52.08)	3.70	8.51	10.00	12.16	12.33
	ROE	(35.32)	(5.59)	11.60	12.07	(110.96)	25.05	32.51	31.15	21.41	20.88

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ATI ATI Inc.	$25.8B	53.3×	41.5×	+10.58% (above 0%: growing)	+54.17% (above 0%: growing)	−23.13% (below 0%: shrinking)	24.57%	17.45%
CRS Carpenter Technology Corporation	$18.9B	35.6×	39.0×	+12.63% (above 0%: growing)	+45.74% (above 0%: growing)	−23.04% (below 0%: shrinking)	31.61%	24.32%	Compare
MLI Mueller Industries, Inc.	$13.4B	15.4×	17.0×	+25.46% (above 0%: growing)	+1.77% (above 0%: growing)	+7.23% (above 0%: growing)	27.69%	21.71%	Compare
CMC Commercial Metals Company	$7.2B	11.0×	12.4×	+25.72% (above 0%: growing)	+41.32% (above 0%: growing)	+21.76% (above 0%: growing)	18.87%	10.18%	Compare
ESAB ESAB Corporation	$4.1B	23.4×	19.9×	+12.86% (above 0%: growing)	−54.55% (below 0%: shrinking)	−58.05% (below 0%: shrinking)	38.04%	9.75%	Compare
GPGI CompoSecure, Inc.	$3.7B	— (loss-making)	15.1×	−99.98% (below 0%: shrinking)	n/m	0.00%	195.83%	0.00%	Compare
WOR Worthington Enterprises, Inc.	$3.1B	19.1×	14.8×	+13.23% (above 0%: growing)	+23.94% (above 0%: growing)	+97.40% (above 0%: growing)	26.43%	3.79%	Compare
PRLB Proto Labs, Inc.	$2.1B	67.4×	55.0×	+10.57% (above 0%: growing)	+100.00% (above 0%: growing)	+1.35% (above 0%: growing)	46.43%	7.61%	Compare
RYZ Ryerson Holding Corporation	$1.4B	— (loss-making)	— (loss-making)	+71.57% (above 0%: growing)	+400.00% (above 0%: growing)	−67.35% (below 0%: shrinking)	17.71%	1.71%	Compare
Median of peers	$3.9B	21.3×	17.0×	+13.05%	+41.32%	+0.68%	29.65%	8.68%

All 18 Metal Fabrication stocks →

ATI Inc. (ATI) key facts

Strength: ATI Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.6 billion, up 5.16% from fiscal 2024.
ATI Inc. (ATI) is a Metal Fabrication company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, ATI traded at $185.59, a market capitalization of $25.8 billion.
Return on equity was 20.9% and debt-to-equity 1.10.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 4.84 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.