# ATI share price today (ATI Inc., ATI)

> ATI Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ATI · Industrials · Metal Fabrication · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ati

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $180.33 (+82.2% in a year)
- P/E: 45.1×, over 4.8 years
- Revenue (Jun 2026): $1.3 B (+10.6% on a year ago)
- Profit (Jun 2026): $151 M (+50.0% on a year ago)
- Operating margin: 18.2% (+3.8 points on a year ago)
- ROE: 21%, FY25
- ROIC: 20.6%, against a 9.7% cost of capital: +10.9 points

The main question: the share price moved +82.2% in a year while yearly earnings per share moved +11.8%. The difference came from the market paying a higher multiple. ## What is the ATI share price today? ATI Inc.'s share price was $180.33 at the close on 3 November 2026. It has been rising for 1 week. That is 3.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between $96 and $228, and at that close it sat 64% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running. Over the last 10 years the share price moved +1,220% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does ATI pay? ATI Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is ATI on? ATI is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is ATI profitable? ATI Inc. earned $151 M of net profit in the Jun 2026 quarter, +50.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $404 M. Over 3 years profit has grown 29.9% a year on average. That is 12.0% of the quarter's revenue. The same quarter a year earlier earned $101 M. For the full year, FY25 profit was $404 M (+9.9% on the year before). Why profit moved: revenue changed +10.6% on a year earlier and the margin moved +3.8 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +18.9% and revenue +4.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does ATI make, and is it growing? ATI Inc. reported $1.3 B of revenue in the Jun 2026 quarter, +10.6% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 3 years it has grown 17.9% a year on average. The last full year, FY25, came in at $4.6 B. The last four reported quarters add to $4.7 B. FY25 revenue was $4.6 B, +5.2% on the year before. Recent pace: the last four quarters grew +4.7% on average, against 17.9% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.6%, against +5.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +14.0%, against +11.3% a year (stabilising). ## How much of every $100 of sales does ATI keep? ATI Inc.'s operating margin was 18.2% in the Jun 2026 quarter, 3.8 percentage points higher than the same quarter a year ago. Across 5 years it has been between 10.0% and 14.5%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +3.8 percentage points on the year while gross margin changed +2.7 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is ATI's profit turning into cash? Over the last 3 years, 94% of ATI Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $614 M of operating cash against $404 M of profit. After $281 M of spending on assets, $334 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does ATI's cash go? ATI Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $720 M on assets over the last 3 years. Averaged over those years that is 5.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $720 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is ATI's P/E ratio, and how does it compare with its own history? ATI Inc.'s P/E is 45.1×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +11.8% while the price moved +82.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +59.0% a year; about +25.2% a year came from earnings growth and about +33.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the ATI business getting better or worse? ATI Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 18.3%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does ATI earn on its capital? ATI Inc. earned a ROE of 21% in FY25. That is up from a low of 19% in FY24. Its return on capital used (ROIC) is 10.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 8.8% net margin and 0.90× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 8.8% net margin × 0.90× asset turnover × 2.66× leverage (assets divided by equity) ≈ 21.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 20.6% − 9.7% = +10.9 percentage points. The 9.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 20.6% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 16.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does ATI have too much debt? ATI Inc. has total debt of $2.2 B against shareholder equity of $2.0 B as of Jun 2026, so its debt is 1.10× its equity. Year by year, that ratio went from 2.22 in FY22 to 0.96 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the ATI shareholding pattern? 3.5% of ATI Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is ATI from balance-sheet trouble? For ATI Inc., the Z-score is 5.66. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 5.66 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does ATI rank in its industry? 50.4 out of 100, rank 8 of 14 in Metal Fabrication, with 66% of the evidence available. ATI Inc. scores 50.4 out of 100 against the 14 companies it is compared with in Metal Fabrication, ranking 8. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 17.5 + 16 + 3.8 + 13.1 = 50.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is ATI compared with? ATI ranks 8 of 14 Metal Fabrication companies on the 4-Factor Sector Score, with 50.4 out of 100. 1. [Worthington Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wor) WOR · breaking out · Evidence leans up · 81% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 18.3% · Profit 53.8% · Operating margin change -0.6 points · 83% evidence Capital efficiency 8.0/25 · ROCE 5.6% · Operating margin 4% · 76% evidence Valuation 14.9/20 · P/E 17.2× · PEG 0.31 · 65% evidence Relative strength 18.8/20 · Lead over its industry 16.7% · Lead over S&P 500 8.3% · 1 year 16.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 20.7 + 8 + 14.9 + 18.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ryerson Holding Corporation](https://www.sectoralpha.in/us/stocks/ryz) RYZ · turning · Too little evidence to rank firmly · 51% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 31.6% · Profit n/a · Operating margin change 0.8 points · 40% evidence Capital efficiency 6.3/25 · ROCE 1.1% · Operating margin 1.9% · 57% evidence Valuation 11.5/20 · P/E -39.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 25.7% · Lead over S&P 500 16.2% · 1 year 56.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.8 + 6.3 + 11.5 + 20 = 57.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Commercial Metals Company](https://www.sectoralpha.in/us/stocks/cmc) CMC · quiet · Evidence leans up · 71% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 20.4% · Profit 100% · Operating margin change -1.3 points · 83% evidence Capital efficiency 12.3/25 · ROCE 10.1% · Operating margin 8.8% · 76% evidence Valuation 10.7/20 · P/E 11.4× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.4% · Lead over S&P 500 -7.9% · 1 year 12.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 12.3 + 10.7 + 11 = 56.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Carpenter Technology Corporation](https://www.sectoralpha.in/us/stocks/crs) CRS · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 10.2% · Profit 37.4% · Operating margin change 4 points · 83% evidence Capital efficiency 19.8/25 · ROCE 22.6% · Operating margin 24.7% · 76% evidence Valuation 12.6/20 · P/E 33.8× · PEG 0.87 · 65% evidence Relative strength 0.0/20 · Lead over its industry -25.8% · Lead over S&P 500 -31.9% · 1 year -9.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23.8 + 19.8 + 12.6 + 0 = 56.2 · What this means: Earnings are strong; relative strength in its sector is -25.8% and the one-year return is -9.5%. 5. [Mueller Industries, Inc.](https://www.sectoralpha.in/us/stocks/mli) MLI · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 20.8% · Profit 15.3% · Operating margin change -4.7 points · 83% evidence Capital efficiency 21.5/25 · ROCE 28.3% · Operating margin 19.5% · 76% evidence Valuation 12.5/20 · P/E 15.5× · PEG 0.94 · 65% evidence Relative strength 6.0/20 · Lead over its industry -6.2% · Lead over S&P 500 -13.3% · 1 year 3.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.8 + 21.5 + 12.5 + 6 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Proto Labs, Inc.](https://www.sectoralpha.in/us/stocks/prlb) PRLB · losing its lead · Evidence leans up · 66% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.8% · Profit 100% · Operating margin change 5.1 points · 53% evidence Capital efficiency 9.9/25 · ROCE 5.7% · Operating margin 8.9% · 57% evidence Valuation 7.8/20 · P/E 63.6× · PEG 1.59 · 65% evidence Relative strength 11.0/20 · Lead over its industry 3.9% · Lead over S&P 500 -4% · 1 year 41% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.3 + 9.9 + 7.8 + 11 = 51 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Tredegar Corporation](https://www.sectoralpha.in/us/stocks/tg) TG · quiet · Too little evidence to rank firmly · 51% evidence 50.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 21.4% · Profit n/a · Operating margin change 1.4 points · 40% evidence Capital efficiency 11.6/25 · ROCE 14.1% · Operating margin 4% · 57% evidence Valuation 11.0/20 · P/E 8.2× · PEG n/a · 15% evidence Relative strength 6.7/20 · Lead over its industry -7.4% · Lead over S&P 500 -14.4% · 1 year 4.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 11.6 + 11 + 6.7 = 50.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. ATI Inc. this page ATI · quiet · Evidence leans up · 66% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Revenue 4.6% · Profit 13.9% · Operating margin change 3.8 points · 53% evidence Capital efficiency 16.0/25 · ROCE 17.5% · Operating margin 18.2% · 57% evidence Valuation 3.8/20 · P/E 56.6× · PEG 3.15 · 65% evidence Relative strength 13.1/20 · Lead over its industry 16.4% · Lead over S&P 500 7.2% · 1 year 84.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.5 + 16 + 3.8 + 13.1 = 50.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Insteel Industries Inc.](https://www.sectoralpha.in/us/stocks/iiin) IIIN · quiet · Too little evidence to rank firmly · 58% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.2/35 · Revenue n/a · Profit n/a · Operating margin change -0.7 points · 45% evidence Capital efficiency 11.3/25 · ROCE 9.5% · Operating margin 5.1% · 76% evidence Valuation 9.6/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 9.4/20 · Lead over its industry -5.6% · Lead over S&P 500 -12.6% · 1 year -8.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 14.2 + 11.3 + 9.6 + 9.4 = 44.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. Ampco-Pittsburgh Corporation AP · losing its lead · Too little evidence to rank firmly · 51% evidence 43.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 3.4% · Profit n/a · Operating margin change 3.2 points · 40% evidence Capital efficiency 7.2/25 · ROCE 4.3% · Operating margin 6.4% · 57% evidence Valuation 11.2/20 · P/E -3× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry 2% · Lead over S&P 500 -6.8% · 1 year 307.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.2 + 7.2 + 11.2 + 8.4 = 43 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [ESAB Corporation](https://www.sectoralpha.in/us/stocks/esab) ESAB · basing · Too little evidence to rank firmly · 53% evidence 42.3 out of 100 Growth Capital Valuation Relative
12. [Mayville Engineering Company, Inc.](https://www.sectoralpha.in/us/stocks/mec) MEC · basing · Too little evidence to rank firmly · 51% evidence 32.8 out of 100 Growth Capital Valuation Relative
13. Xinxu Copper Industry Technology Limited XXC · Too little evidence to rank firmly · 11% evidence 54.3 out of 100 Growth Capital Valuation Relative
14. Nintech Mould Factory Inc. NTMJ · Too little evidence to rank firmly · 11% evidence 50.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Dec 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Metal Fabrication](https://www.sectoralpha.in/us/sectors/metal-fabrication), all 14 compared on one page. ## Which companies are close to ATI in size? ATI is the largest of 12 Metal Fabrication companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: Carpenter Technology Corporation, Mueller Industries, Inc., Commercial Metals Company, ESAB Corporation, GPGI, Inc. and Worthington Enterprises, Inc. ### Metal Fabrication companies close in size

1. ATI Inc. $24.5 billion
2. [Carpenter Technology Corporation](https://www.sectoralpha.in/us/stocks/crs) $14.7 billion
3. [Mueller Industries, Inc.](https://www.sectoralpha.in/us/stocks/mli) $12.1 billion
4. [Commercial Metals Company](https://www.sectoralpha.in/us/stocks/cmc) $7.3 billion
5. [ESAB Corporation](https://www.sectoralpha.in/us/stocks/esab) $4.7 billion
6. [GPGI, Inc.](https://www.sectoralpha.in/us/stocks/gpgi) $3.4 billion
7. [Worthington Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wor) $3.1 billion

[All 12 Metal Fabrication companies, largest first](https://www.sectoralpha.in/us/sectors/metal-fabrication#all-companies)

### Companies close in size in other industries

1. [Rubrik, Inc.](https://www.sectoralpha.in/us/stocks/rbrk) $23.8 billion · Software - Infrastructure
2. [Ralph Lauren Corporation](https://www.sectoralpha.in/us/stocks/rl) $23.7 billion · Apparel Manufacturing
3. ATI Inc. $23.7 billion
4. [Formula One Group](https://www.sectoralpha.in/us/stocks/fwona) $23.4 billion · Entertainment
5. [Markel Group Inc.](https://www.sectoralpha.in/us/stocks/mkl) $23.3 billion · Insurance - Property & Casualty

## What else do people ask about ATI? ### What were ATI's latest quarterly results? ATI Inc. reported revenue of $1.3 B and net profit of $151 M for the Jun 2026 quarter. Revenue rose 10.6% and profit rose 50.0% compared with a year earlier. Earnings per share were $1.09. The operating margin was 18.2%, 3.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is ATI's market cap? ATI Inc.'s market capitalisation is $24.5 B at a stock price of $180.33. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is ATI performing? ATI Inc.'s share price has been rising for 1 weeks. In its latest quarter, revenue rose 10.6% and profit rose 50.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running (as of 3 November 2026). ### Will ATI's stock price go up? This page does not forecast ATI Inc.'s stock price. What it shows instead: the stock price is $180.33, and it has been rising for 1 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is ATI in its business cycle? ATI Inc.'s FY25 operating margin was 14.3%, against a 5-year range of 10.0% to 14.5%: the middle of its own range, neither a peak nor a low. The latest quarter was 18.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the ATI story? The main question: the share price moved +82.2% in a year while yearly earnings per share moved +11.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is ATI a stock worth studying right now? What the numbers show: ATI Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.