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ATI INC ATI

NYSE · stock · Steel Pipe & Tubes · website · IPO 1987-05-08 · LEI

ATI INC statistics & valuation

Market cap$26.9B
P / E66.6×
P / S5.9×
P / B14.1×
Net margin8.8%
Return on equity21.1%
Return on capital15.7%
Graham number -87.2%$29.44

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($29.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.50% 6.10% -52.70% -1.40% 6.60% 3.40% 8.40% 9.80% 8.40% 8.80% 2018201920202021202220222023202320242025
Gross margin (%)
15.60% 15.50% 9.80% 11.90% 11.90% 18.60% 18.60% 19.20% 20.60% 22.00% 2018201920202021202220222023202320242025
Operating margin (%)
8.90% 8.90% -43.70% 4.20% 4.20% 7.50% 8.20% 11.20% 14.00% 14.00% 2018201920202021202220222023202320242025
Return on equity (%)
11.20% 11.50% -245.20% -4.60% 22.20% 11.30% 28.00% 27.70% 18.80% 21.10% 2018201920202021202220222023202320242025
Shares outstanding
145.9M 146.5M 126.8M 127.3M 152.7M 151.2M 151.2M 150.0M 146.6M 141.8M 2018201920202021202220222023202320242025
Net debt ($)
2018201920202021202220222023202320242025
Share buybacks ($)
2018201920202021202220222023202320242025
Return on assets (%)
4.00% 4.50% -39.00% -0.90% 4.30% 2.90% 7.30% 8.20% 7.00% 7.90% 2018201920202021202220222023202320242025
Free cash flow margin (%)
2018201920202021202220222023202320242025
Debt / equity (×)
2018201920202021202220222023202320242025
EPS ($)
$1.61 $1.81 -$12.43 -$0.30 $1.32 $0.96 $2.23 $2.81 $2.55 $2.85 2018201920202021202220222023202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ATI INC trades at about 80.9× earnings — above its 10-year norm (10-year range 9.5×–42.2×, median 21.8×).

9.5× 80.9×

Shaded band = 10-year range (9.5×–42.2×); dot = today's 80.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2023FY2022FY2022FY2021FY2020FY2019FY2018
Gross margin22.0%20.6%19.2%18.6%18.6%11.9%11.9%9.8%15.5%15.6%
Operating margin14.0%14.0%11.2%8.2%7.5%4.2%4.2%-43.7%8.9%8.9%
Net margin8.8%8.4%9.8%8.4%3.4%6.6%-1.4%-52.7%6.1%5.5%
Return on assets7.9%7.0%8.2%7.3%2.9%4.3%-0.9%-39.0%4.5%4.0%
Return on equity21.1%18.8%27.7%28.0%11.3%22.2%-4.6%-245.2%11.5%11.2%
Current ratio2.662.442.802.572.57—2.693.162.712.68

Computed from company filings · US · as of 2025-12-28. Facts plus Stocktoria's own computed scores — not investment advice.