ATI Inc. (ATI) Key Metrics
ATI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $25.27B
- Enterprise value
- $26.49B
- P/E (TTM)
- 54.4 10-yr median 14.3
- Forward P/E
- 28.8
- PEG ratio
- 1.20
- Price / sales
- 5.4 10-yr median 0.8
- Price / book
- 13.4 10-yr median 3.5
- EV / EBITDA
- 30.0 10-yr median 12.9
- Dividend yield
- —
- Beta
- 0.99
ATI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsATI valuation Price multiples at each fiscal year-end price.
ATI returns How much profit the business earns on the capital it uses.
ATI per-share figures Results divided by the shares outstanding at year-end.
ATI financial health Debt, liquidity and how easily interest is covered.
ATI efficiency & capital use Working capital cycle and where the cash goes.
ATI valuation history
ATI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ATI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ATI cash returned to shareholders
ATI price vs earnings per share
ATI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $16.27B | $8.08B | $6.82B | $4.51B | $2.02B | $2.12B | $3.03B | $3.18B | $2.66B | $1.71B |
| Enterprise value | $17.80B | $9.25B | $8.26B | $5.68B | $3.18B | $3.04B | $3.93B | $4.34B | $4.06B | $3.36B |
| P/E ratio | 40.2 | 22.0 | 16.6 | 14.0 | 11.0 | — | 12.0 | 14.3 | — | — |
| Price / sales | 3.5 | 1.9 | 1.6 | 1.2 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.5 |
| Price / book | 9.0 | 4.4 | 5.0 | 4.3 | 3.0 | 4.1 | 1.4 | 1.7 | 1.5 | 1.3 |
| Price / free cash flow | 48.8 | 48.1 | — | 48.0 | — | 69.8 | 48.9 | 12.5 | — | — |
| Price / operating cash flow | 26.5 | 19.8 | 79.4 | 20.1 | 125.8 | 12.7 | 13.2 | 8.1 | 118.7 | — |
| EV / sales | 3.9 | 2.1 | 2.0 | 1.5 | 1.1 | 1.0 | 1.0 | 1.1 | 1.2 | 1.1 |
| EV / EBITDA | 22.0 | 13.8 | 17.7 | 8.4 | 6.5 | 15.3 | 8.8 | 8.9 | 11.9 | 45.0 |
| EV / free cash flow | 53.4 | 55.1 | — | 60.4 | — | 100.1 | 63.6 | 17.1 | — | — |
| Earnings yield | 2.5% | 4.6% | 6.0% | 7.2% | 9.1% | −74.1% | 8.3% | 7.0% | −3.5% | −37.5% |
| Free cash flow yield | 2.1% | 2.1% | −1.7% | 2.1% | −6.7% | 1.4% | 2.0% | 8.0% | −3.8% | −14.4% |
| Dividend yield | 0.1% | 0.2% | 0.2% | 0.8% | — | 0.3% | 0.5% | 0.3% | 0.6% | 1.5% |
| Shareholder yield (dividends + buybacks) | 3.2% | 3.7% | 1.6% | 3.9% | 0.2% | 0.7% | 0.8% | 0.5% | 0.7% | 1.5% |
| Share price at fiscal year-end | $114.76 | $55.04 | $45.47 | $29.86 | $15.93 | $16.77 | $20.66 | $21.77 | $24.14 | $15.93 |
| Per share | ||||||||||
| Revenue per share | $32.35 | $29.71 | $27.82 | $25.37 | $22.03 | $23.57 | $28.14 | $27.74 | $32.02 | $29.21 |
| Earnings per share | $2.85 | $2.51 | $2.74 | $2.14 | $1.45 | −$12.43 | $1.72 | $1.52 | −$0.83 | −$5.97 |
| Operating cash flow per share | $4.33 | $2.77 | $0.57 | $1.49 | $0.13 | $1.32 | $1.57 | $2.69 | $0.20 | −$0.41 |
| Free cash flow per share | $2.35 | $1.15 | −$0.77 | $0.62 | −$1.07 | $0.24 | $0.42 | $1.74 | −$0.91 | −$2.29 |
| Cash per share | $2.94 | $4.91 | $4.96 | $3.86 | $5.41 | $5.11 | $3.35 | $2.62 | $1.29 | $2.14 |
| Book value per share | $12.73 | $12.60 | $9.15 | $6.92 | $5.39 | $4.12 | $14.27 | $12.92 | $15.80 | $12.63 |
| Tangible book value per share | $10.88 | $10.76 | $7.30 | $5.03 | $3.08 | $1.52 | $10.02 | $8.37 | $9.72 | $5.27 |
| Dividends per share | $0.09 | $0.11 | $0.11 | $0.22 | — | $0.06 | $0.10 | $0.07 | $0.14 | $0.24 |
| Capex per share | $1.98 | $1.63 | $1.34 | $0.87 | $1.20 | $1.08 | $1.15 | $0.95 | $1.11 | $1.88 |
| Debt per share | $13.74 | $12.91 | $14.53 | $11.56 | $14.50 | $12.39 | $9.55 | $10.57 | $13.99 | $17.49 |
| Shares outstanding | 141.8M | 146.8M | 150.0M | 151.2M | 127.1M | 126.5M | 146.5M | 145.9M | 110.1M | 107.3M |
| Change in shares outstanding | −3.4% | −2.1% | −0.8% | +19.0% | +0.5% | −13.7% | +0.4% | +32.5% | +2.6% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.1% | 22.8% | 34.0% | 37.4% | 30.6% | −120.5% | 12.7% | 12.3% | −5.9% | −37.3% |
| Return on invested capital (ROIC) | 16.0% | 16.4% | 18.6% | 14.9% | 6.3% | −46.3% | 12.1% | 11.2% | 3.5% | −13.3% |
| Return on assets (ROA) | 7.8% | 7.2% | 8.7% | 7.4% | 4.4% | −32.5% | 4.5% | 4.2% | −1.8% | −11.7% |
| Return on tangible assets | 8.4% | 7.4% | 8.7% | 7.8% | 4.6% | −42.4% | 5.0% | 4.6% | −2.0% | −14.6% |
| Free cash flow margin | 7.3% | 3.9% | −2.8% | 2.5% | −4.9% | 1.0% | 1.5% | 6.3% | −2.8% | −7.8% |
| Income quality (OCF / net income) | 1.52 | 1.11 | 0.21 | 0.70 | 0.09 | — | 0.91 | 1.77 | — | — |
| Financial health | ||||||||||
| Total debt | $1.95B | $1.90B | $2.18B | $1.75B | $1.84B | $1.57B | $1.40B | $1.54B | $1.54B | $1.88B |
| Cash & short-term investments | $416.7M | $721.2M | $743.9M | $584.0M | $687.7M | $645.9M | $490.8M | $382.0M | $141.6M | $229.6M |
| Net debt | $1.53B | $1.17B | $1.44B | $1.16B | $1.16B | $921.9M | $908.1M | $1.16B | $1.40B | $1.65B |
| Debt / equity | 1.08 | 1.02 | 1.59 | 1.67 | 2.69 | 3.01 | 0.67 | 0.82 | 0.89 | 1.39 |
| Debt / assets | 0.38 | 0.36 | 0.44 | 0.39 | 0.43 | 0.39 | 0.25 | 0.28 | 0.30 | 0.36 |
| Net debt / EBITDA | 1.89 | 1.75 | 3.08 | 1.72 | 2.35 | 4.65 | 2.03 | 2.39 | 4.12 | 22.08 |
| Current ratio | 2.66 | 2.44 | 2.80 | 2.57 | 2.69 | 3.16 | 2.71 | 2.68 | 2.69 | 2.49 |
| Quick ratio | 1.27 | 1.32 | 1.53 | 1.33 | 1.47 | 1.64 | 1.35 | 1.24 | 1.04 | 1.03 |
| Interest coverage | 5.7 | 4.9 | 5.0 | 3.4 | 1.2 | -13.6 | 3.5 | 3.6 | 1.0 | -4.4 |
| Working capital | $1.67B | $1.74B | $1.76B | $1.51B | $1.45B | $1.41B | $1.45B | $1.41B | $1.20B | $1.06B |
| Invested capital | $3.34B | $3.02B | $2.81B | $2.21B | $1.84B | $1.44B | $3.00B | $3.05B | $3.14B | $3.00B |
| Tangible asset value | $1.66B | $1.68B | $1.20B | $871.5M | $538.9M | $312.8M | $1.57B | $1.33B | $1.18B | $654.7M |
| Net current asset value | −$502.9M | −$330.4M | −$766.9M | −$812.0M | −$1.15B | −$1.33B | −$1.14B | −$1.26B | −$1.43B | −$1.96B |
| Graham number | $28.57 | $26.66 | $23.75 | $18.25 | $13.28 | — | $23.52 | $21.05 | — | — |
| Graham net-net per share | −$10.55 | −$8.78 | −$10.83 | −$10.74 | −$14.55 | −$15.50 | −$13.16 | −$14.31 | −$20.00 | −$24.59 |
| Capital allocation | ||||||||||
| Dividends paid | $13.2M | $16.0M | $16.0M | $34.0M | — | $7.0M | $14.0M | $10.0M | $14.9M | $25.8M |
| Share buybacks (net) | $504.1M | $286.0M | $96.4M | $139.9M | $4.8M | $7.8M | $9.9M | $6.5M | $4.8M | $0 |
| Dividend payout ratio | 3.3% | 4.4% | 3.9% | 10.5% | — | — | 5.5% | 4.5% | — | — |
| Dividends + buybacks / free cash flow | 155.0% | 179.7% | — | 185.0% | — | 48.7% | 38.6% | 6.5% | — | — |
| Capex / revenue | 6.1% | 5.5% | 4.8% | 3.4% | 5.5% | 4.6% | 4.1% | 3.4% | 3.5% | 6.5% |
| Capex / operating cash flow | 45.7% | 58.7% | 233.6% | 58.2% | 947.8% | 81.8% | 73.1% | 35.4% | 547.8% | — |
| Capex / depreciation | 1.67 | 1.58 | 1.37 | 0.92 | 1.06 | 0.95 | 1.11 | 0.89 | 0.76 | 1.19 |
| Stock-based compensation / revenue | 0.6% | 0.8% | 0.7% | 0.7% | 0.8% | 0.1% | 0.6% | 0.5% | 0.5% | 0.6% |
| R&D / revenue | 0.5% | 0.5% | 0.5% | 0.5% | 0.7% | 0.5% | 0.5% | 0.6% | 0.4% | 0.5% |
| SG&A / revenue | 8.0% | 1.5% | 7.5% | 4.1% | 2.7% | 8.2% | 1.6% | 1.4% | 8.6% | 9.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 61.4 | 61.5 | 58.0 | 55.5 | 59.2 | 59.8 | 51.9 | 50.7 | 51.6 | 49.6 |
| Days of inventory on hand | 140.2 | 137.6 | 66.1 | 131.1 | 151.2 | 146.1 | 123.9 | 127.5 | 133.4 | 145.3 |
| Days payables outstanding | 59.9 | 60.0 | 29.2 | 54.3 | 49.3 | 55.1 | 53.4 | 49.1 | 43.1 | 42.5 |
| Cash conversion cycle (days) | 141.7 | 139.1 | 95.0 | 132.3 | 161.2 | 150.8 | 122.4 | 129.1 | 142.0 | 152.4 |
| Receivables turnover | 5.94 | 5.94 | 6.29 | 6.57 | 6.16 | 6.10 | 7.04 | 7.20 | 7.07 | 7.35 |
| Payables turnover | 6.09 | 6.08 | 12.51 | 6.72 | 7.40 | 6.63 | 6.83 | 7.44 | 8.48 | 8.59 |
| Inventory turnover | 2.60 | 2.65 | 5.52 | 2.78 | 2.41 | 2.50 | 2.94 | 2.86 | 2.74 | 2.51 |
| Asset turnover | 0.89 | 0.85 | 0.89 | 0.88 | 0.67 | 0.62 | 0.74 | 0.76 | 0.68 | 0.57 |
| Average receivables | $771.9M | $734.5M | $663.7M | $583.6M | $454.3M | $488.6M | $585.8M | $562.1M | $498.7M | $426.2M |
| Average payables | $588.6M | $567.0M | $539.0M | $464.4M | $333.1M | $405.9M | $510.0M | $459.4M | $357.2M | $337.6M |
| Average inventory | $1.38B | $1.30B | $1.22B | $1.12B | $1.02B | $1.08B | $1.18B | $1.19B | $1.11B | $1.15B |
| Intangibles / total assets | 5.1% | 5.2% | 5.6% | 6.4% | 6.9% | 8.1% | 11.0% | 12.1% | 12.9% | 15.3% |
Computed from ATI's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ATI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), ATI traded at 40.2 times earnings, against a 10-year median of 14.3. Based on the latest twelve months, the trailing P/E is 54.4 and the forward P/E is 28.8. ATI earned a return on equity of 22.1% and a return on invested capital of 16.0% in fiscal 2025. It ended the year with $1.9 billion of debt and $416.7 million in cash and short-term investments, net debt of $1.5 billion. It returned $517.3 million to shareholders: $13.2 million in dividends and $504.1 million in share buybacks, 155% of free cash flow. The share count rose 32.2% from 107.3M to 141.8M over 9 years.
See the ATI income statement, the ATI chart for price history, or the ATI stock overview for the latest quote and news.
ATI key metrics FAQ
What is ATI's P/E ratio?
ATI's trailing P/E ratio is 54.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.8. At the end of fiscal 2025 it was 40.2, compared with a 10-year median of 14.3.
What is ATI's EV/EBITDA?
ATI's enterprise value was 22.0 times EBITDA at the end of fiscal 2025 (enterprise value $17.8 billion, EBITDA $810.4 million); the current EV/EBITDA is 30.0.
What is ATI's return on equity?
ATI's return on equity (ROE) was 22.1% in fiscal 2025: net income of $404.3 million on average shareholders' equity of $1.8 billion.
What is ATI's ROIC?
ATI's return on invested capital was 16.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ATI have?
ATI had total debt of $1.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.08 and $1.5 billion of net debt (1.89 times EBITDA).
What is ATI's dividend yield?
ATI paid $13.2 million in dividends in fiscal 2025 ($0.09 per share), a payout ratio of 3.3%.
Does ATI buy back its shares?
Yes. ATI spent $504.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.4% over the year, to 141.8M..
What is ATI's free cash flow yield?
ATI generated $333.7 million of free cash flow in fiscal 2025, a free cash flow yield of 2.1% on its market value at year-end ($16.3 billion).
What is ATI's current ratio?
ATI's current ratio was 2.66 at the end of fiscal 2025: current assets were 2.66 times current liabilities.