ATI
ATI Inc.
ATI
186.56USD
-1.37%
Sep 23, 2026
Price
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Price Action
Constructive pullback in an uptrend
Longer-term context reads extended trend, with a near-term setup of constructive pullback.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $25.4B
- Avg Volume (60D)
- 1.8M
- Revenue Growth YoY
- +5.2%
- Gross Margin
- +23.4%
- Operating Margin
- +15.2%
- Free Cash Flow Yield
- +2.1%
- Distance from 200DMA
- +13.9%
- Next Earnings
- 2026-10-27
- P/E
- 53.4x
- EV / EBITDA
- 30.1x
- EV / Sales
- 5.7x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 28, 2026
Filed balance-sheet data as of Jun 28, 2026
Fundamentals & Valuation
Both valuation perspectives agree this company is expensive.
ATI Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 2.1% free-cash-flow yield and 30.1x EBITDA, which require sustained delivery to be justified.
Company Research
Thesis
ATI is a qualified upstream specialty-materials supplier with difficult-to-replicate melting, forging, finishing, powder-alloy, and component capabilities rather than a prime defense-platform contractor.
Opportunity
High opportunity
Defense and aerospace production ramps require scarce, qualified domestic capacity for high-temperature nickel superalloys, titanium alloys, advanced powders, and engineered metal components used in propulsion, airframes, naval nuclear systems, and other mission-critical platforms.
Key risk
Cyclicality in aerospace and industrial end markets.
Narrative & Theme
Defense Rearmament and Industrial Base
Part of Aerospace Propulsion and High-Integrity Materials Capacity, with strong fit.
ATI has a strong, direct fit with the defense-industrial-base buildout through qualified titanium and nickel-based superalloys and related components used in jet engines, airframes, naval nuclear applications, hypersonics, and other demanding defense systems.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up7.8 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Industrials · Metal Fabrication
What they do
ATI Inc. produces and sells specialty metals and complex components globally through two segments: High Performance Materials & Components, and Advanced Alloys & Solutions.
How it earns
The company generates revenue primarily through transactional sales of specialty materials and fabricated metal products.
Products & services
Titanium and titanium-based alloys
Nickel- and cobalt-based alloys and superalloys
Advanced powder alloys and specialty materials
Metallic powder alloys
Long product forms (ingot, billet, bar, rod, wire, shapes, rectangles, seamless tubes)
Precision forgings, components, and machined parts
Customers & end markets
Aerospace and defense manufacturers
Industrial and energy sector companies
Market position
ATI is a specialized leader in high-performance metal fabrication and advanced alloys.
Demand drivers
High cyclicality
Demand is closely tied to aerospace and industrial capital spending cycles.
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