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ATI INCATI

Sector
Other
Industry
Steel Pipe & Tubes
Exchange
NYSE

Stock Price $ATI

Latest filings

You are here#9 of 15 in Materials by market cap

Filing record · 2016–202610-K1110-Q328-K145

ATI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 145 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · May ’17May ’17
  2. Material agreement8-K · Oct ’19Oct ’19
  3. Leadership change8-K · Oct ’21Oct ’21
  4. Material agreement8-K · Sep ’25Sep ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $4.59B
YoY changeLargest recent move+49.1%in FY23Latest +5.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All ATI Financial Metrics58 metrics

Income Statement15

Balance Sheet25

Cash Flow13

Per Share5

02—Overview

ATI INC Financial Overview 2021–2025

Updated Aug 8, 2026

ATI Inc. fundamentally transformed its business mix over the last four years, driving Aerospace & Defense revenue to a dominant 68% of total sales by FY2025. This intentional pivot away from lower-margin industrial products toward high-value commercial jet engines has forged a structurally more profitable enterprise. The market rewarded this execution, valuing the company at a $15.9 billion market capa and a 41.0x P/E ratio at the close of FY2025, with the stock trading at $116.95.

The financial trajectory reflects this targeted operational overhaul. Revenue grew steadily from $2.8 billionb in FY2021 to a post-2012 high of $4.6 billion in FY2025. By shedding standard stainless sheet products and investing heavily in titanium melt capacity, ATI captured premium pricing and volume in its High Performance Materials & Components segment. This dynamic pushed overall Adjusted EBITDA up 18% year-over-year to $859.3 million in FY2025, expanding the Adjusted EBITDA margin to 18.7%. The improved sales mix translated directly into robust liquidity, as operating cash flow spiked to $614.3 million in the same year. Management aggressively deployed this cash, redeeming convertible debt and executing $470 million in share repurchases during FY2025 alone, leaving the balance sheet deleveraged and primed to support a multi-year $3.7 billion backlog.

Recent Developments (Q1 and Q2 2026)

ATI sustained its operational momentum through the first half of 2026, fueled by robust aerospace and defense demand. Q2 2026 revenue grew 11% year-over-year to $1.26 billion, while net income surged to $151.0 millionc, or $1.09 per share. Gross profit margin expanded to 24.6% in Q2 2026, underscoring strong pricing power and effective cost management. The company optimized its capital structure by issuing $450 million in 5.875% Senior Notes due 2033 to redeem near-term debt, and management authorized a new $500 million share repurchase program.

Bulls argue that expanding margins and a $4.1 billiond backlog, with 70% scheduled for delivery within 12 months, guarantee robust near-term cash generation. Bears caution that trading at a lofty 78.4x earnings as of August 6, 2026, the stock is richly valued and vulnerable to any operational missteps.

What to watch: execution pace on the $4.1 billione backlog; utilization of the new $500 million share repurchase authorization.

03—Filings

Recent SEC Filings

  1. 8-KATI INC 8-K Report, Financial Results (Aug 6, 2026)ATI Inc. (ATI) filed an 8-K on August 6, 2026, to announce its financial results for the second quarter of 2026. The primary purpose of this filing is to provide investors with the details of the company's performance during the quarter, as detailed in the accompanying press release (Exhibit 99.1). Investors should review this press release for specific financial metrics, operational achievements, and forward-looking statements that were made by ATI Inc. management. While this 8-K filing itself is brief, its significance lies in the attached Earnings Press Release. This document is expected to contain crucial information regarding ATI's revenue, profitability, earnings per share, and any commentary on segment performance or market conditions. The company has elected to furnish this information rather than file it, which means it is not subject to the same liabilities under Section 18 of the Securities Exchange Act of 1934, but it remains a key disclosure for understanding the company's financial standing and outlook.
  2. 8-KATI INC 8-K Report, Material Agreement (Jun 8, 2026)ATI Inc. (ATI) announced the successful completion of a $450 million offering of unsecured 5.875% Senior Notes due 2033. This offering, made under a shelf registration statement, provides the company with significant long-term capital. The notes will accrue interest at a fixed rate of 5.875% per annum, payable semi-annually, and mature on June 15, 2033. The company retains the option to redeem the notes, with varying terms and premium considerations depending on the redemption date relative to the maturity. This move suggests a proactive approach to capital management, potentially to fund strategic initiatives, refinance existing debt, or bolster its liquidity position.
  3. 8-KATI INC 8-K Report, Corporate Update (Jun 3, 2026)ATI Inc. has announced its intention to issue a series of seven-year senior notes through an underwritten public offering. This move signals the company's proactive approach to managing its capital structure and potentially funding future growth initiatives or refinancing existing debt. Investors should pay close attention to the terms of the offering, including the interest rate and maturity date, as these will impact the company's future financial obligations and profitability.
  4. 8-KATI INC 8-K Report, Corporate Update (Jun 3, 2026)ATI Inc. has announced the pricing of an offering of unsecured 5.875% Senior Notes due 2033. This filing, an 8-K dated June 3, 2026, primarily serves to disclose this debt issuance. The notes carry a fixed interest rate of 5.875% and mature in 2033, indicating a medium-to-long-term financing strategy for the company. Investors should note that this is a new debt issuance, which will impact ATI's capital structure and leverage ratios.
  5. 8-KATI INC 8-K Report, Shareholder Vote Results (May 19, 2026)ATI Inc. (ATI) filed an 8-K on May 19, 2026, reporting the results of its 2026 Annual Meeting of Stockholders held on May 14, 2026. The meeting addressed key corporate governance and oversight matters. All presented proposals received overwhelming support from shareholders, indicating continued confidence in the company's leadership and strategic direction. Key proposals included the election of three directors, an advisory vote on executive compensation for fiscal year 2025, and the ratification of the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2026. The substantial 'FOR' votes on all these matters suggest strong alignment between management, the board, and the company's shareholder base, reinforcing the company's operational and financial integrity.
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04—See also

Related Companies

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