ATI (ATI) Financials

$76.00 -0.58 (-0.76%)

As of 03:59 PM Eastern

Annual Income Statements for ATI

This table shows ATI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/29/2024	12/31/2023	1/1/2023	1/2/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	368	411	324	185	-1,573	253	222	-92	-641	-378
Consolidated Net Income / (Loss)	383	423	339	207	-1,560	265	237	-80	-627	-366
Net Income / (Loss) Continuing Operations	383	423	339	207	-1,560	265	237	-80	-627	-366
Total Pre-Tax Income	486	295	355	233	-1,482	237	248	-87	-734	-478
Total Operating Income	609	466	316	118	-1,303	366	362	135	-542	-369
Total Gross Profit	898	803	714	333	293	638	630	497	223	60
Total Revenue	4,362	4,174	3,836	2,800	2,982	4,123	4,047	3,525	3,135	3,720
Operating Revenue	4,362	4,174	3,836	2,800	2,982	4,123	4,047	3,525	3,135	3,720
Total Cost of Revenue	3,464	3,371	3,122	2,467	2,689	3,485	3,416	3,028	2,912	3,659
Operating Cost of Revenue	3,464	3,371	3,122	2,467	2,689	3,485	3,416	3,028	2,912	3,659
Total Operating Expenses	289	336	398	216	1,596	272	268	362	765	430
Selling, General & Admin Expense	342	328	298	227	201	267	268	248	241	239
Other Operating Expenses / (Income)	-57	0.40	-	0.00	0.00	-	-	-	-	-
Restructuring Charge	4.10	7.70	-4.80	-11	1,108	4.50	0.00	0.00	524	64
Total Other Income / (Expense), net	-123	-171	39	116	-179	-130	-114	-221	-192	-109
Interest Expense	137	93	87	162	116	121	135	171	124	110
Other Income / (Expense), net	14	-78	126	278	-63	-9.20	21	-50	-68	1.60
Income Tax Expense	103	-128	16	27	78	-29	11	-6.80	-107	-112
Net Income / (Loss) Attributable to Noncontrolling Interest	15	13	16	22	13	13	14	12	14	12
Basic Earnings per Share	$2.82	$3.21	$2.54	$1.45	($12.43)	$2.01	$1.78	($0.83)	($5.97)	($3.53)
Weighted Average Basic Shares Outstanding	142.17M	127.78M	128.61M	127.45M	126.83M	126.09M	125.20M	110.10M	107.30M	107.30M
Diluted Earnings per Share	$2.55	$2.81	$2.23	$1.32	($12.43)	$1.81	$1.61	($0.83)	($5.97)	($3.53)
Weighted Average Diluted Shares Outstanding	142.17M	127.78M	128.61M	127.45M	126.83M	126.09M	125.20M	110.10M	107.30M	107.30M
Weighted Average Basic & Diluted Shares Outstanding	142.17M	127.78M	128.61M	127.45M	126.83M	126.09M	125.20M	110.10M	107.30M	107.30M

This table shows ATI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	97	137	83	82	66	146	90	90	85	270	61
Consolidated Net Income / (Loss)	101	142	87	86	68	149	94	94	87	274	64
Net Income / (Loss) Continuing Operations	101	142	87	86	68	149	94	94	87	274	64
Total Pre-Tax Income	122	175	115	111	85	8.10	99	97	91	278	67
Total Operating Income	147	209	142	143	115	108	125	120	113	138	113
Total Gross Profit	236	249	225	227	197	206	195	209	193	186	184
Total Revenue	1,144	1,173	1,051	1,095	1,043	1,064	1,026	1,046	1,038	1,010	1,032
Operating Revenue	1,144	1,173	1,051	1,095	1,043	1,064	1,026	1,046	1,038	1,010	1,032
Total Cost of Revenue	909	924	826	868	846	858	831	837	845	825	848
Operating Cost of Revenue	909	924	826	868	846	858	831	837	845	825	848
Total Operating Expenses	89	40	83	85	82	97	69	89	81	48	71
Selling, General & Admin Expense	85	89	82	89	82	92	70	85	81	77	73
Other Operating Expenses / (Income)	3.90	-	-0.30	-	-	-	0.10	-	-	-	-
Restructuring Charge	0.00	5.30	0.50	-1.90	0.20	5.50	-0.50	2.70	0.00	0.20	-2.60
Total Other Income / (Expense), net	-25	-34	-27	-32	-30	-100	-26	-23	-22	141	-46
Interest Expense	23	51	28	32	27	23	24	24	22	14	21
Other Income / (Expense), net	-2.40	17	0.70	0.40	-3.30	-77	-2.40	0.70	0.60	154	-25
Income Tax Expense	21	33	28	25	17	-141	4.90	3.70	4.30	4.20	3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	3.50	5.00	3.90	3.70	2.30	3.50	3.90	3.10	2.10	4.30	3.30
Basic Earnings per Share	$0.68	$1.00	$0.64	$0.66	$0.52	$1.15	$0.70	$0.70	$0.66	$2.14	$0.47
Weighted Average Basic Shares Outstanding	141.07M	142.17M	142.64M	124.46M	124.44M	127.78M	127.58M	128.58M	128.55M	128.61M	-
Diluted Earnings per Share	$0.67	$0.94	$0.57	$0.58	$0.46	$0.99	$0.62	$0.62	$0.58	$1.89	$0.42
Weighted Average Diluted Shares Outstanding	141.07M	142.17M	142.64M	124.46M	124.44M	127.78M	127.58M	128.58M	128.55M	128.61M	-
Weighted Average Basic & Diluted Shares Outstanding	141.07M	142.17M	142.64M	124.46M	124.44M	127.78M	127.58M	128.58M	128.55M	128.61M	-

This table details how cash moves in and out of ATI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/29/2024	12/31/2023	1/1/2023	1/2/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-23	160	-104	42	155	109	240	-88	80	-120
Net Cash From Operating Activities	407	86	225	16	167	230	393	22	-44	131
Net Cash From Continuing Operating Activities	405	86	225	16	167	230	393	22	-44	131
Net Income / (Loss) Continuing Operations	383	423	339	207	-1,560	265	237	-80	-627	-366
Consolidated Net Income / (Loss)	383	423	339	207	-1,560	265	237	-80	-627	-366
Depreciation Expense	152	146	143	144	143	151	156	161	170	190
Non-Cash Adjustments To Reconcile Net Income	-37	-240	86	-1.70	1,350	-51	-17	151	471	181
Changes in Operating Assets and Liabilities, net	-93	-244	-343	-333	233	-136	17	-210	-58	126
Net Cash From Investing Activities	-160	-193	-127	-77	-129	82	-145	-120	-200	-145
Net Cash From Continuing Investing Activities	-160	-193	-127	-77	-129	82	-145	-120	-200	-145
Purchase of Property, Plant & Equipment	-239	-201	-131	-153	-137	-168	-139	-123	-202	-145
Sale of Property, Plant & Equipment	28	3.80	3.10	21	5.90	92	2.80	2.70	-	-
Divestitures	48	-0.30	0.30	53	0.00	158	0.00	-	-	-
Other Investing Activities, net	3.90	4.00	0.80	1.40	1.90	-0.20	1.30	0.40	2.20	-0.10
Net Cash From Financing Activities	-260	267	-202	103	117	-203	-7.30	9.20	324	-106
Net Cash From Continuing Financing Activities	-260	267	-202	103	117	-203	-7.30	9.20	324	-106
Repayment of Debt	-35	-45	-29	-568	-240	-529	-12	-390	-13	-24
Repurchase of Common Equity	-286	-96	-146	-4.80	-7.80	-9.90	-6.50	-4.80	0.00	-1.40
Payment of Dividends	-16	-16	-34	0.00	-7.20	-14	-10	-8.00	-54	-83
Issuance of Debt	0.00	425	0.00	676	391	350	7.10	10	391	1.50
Issuance of Common Equity	0.00	0.00	6.40	0.00	0.00	-	14	402	0.00	0.00
Other Financing Activities, net	76	0.00	0.00	-	-19	0.00	0.00	-	-	-
Effect of Exchange Rate Changes	-7.60	0.00	-	-	-	-	-	-	-	-

This table details how cash moves in and out of ATI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	9/30/2022
Net Change in Cash & Equivalents	-245	315	-19	31	-350	311	166	71	-388	255	55
Net Cash From Operating Activities	-93	381	24	101	-99	417	-114	68	-285	324	123
Net Cash From Continuing Operating Activities	-93	398	4.80	101	-99	417	-114	68	-285	324	123
Net Income / (Loss) Continuing Operations	101	142	87	86	68	149	94	94	87	274	64
Consolidated Net Income / (Loss)	101	142	87	86	68	149	94	94	87	274	64
Depreciation Expense	41	39	39	38	36	40	36	36	35	36	36
Non-Cash Adjustments To Reconcile Net Income	11	-38	-14	8.90	6.20	10	-214	7.60	-43	-74	5.60
Changes in Operating Assets and Liabilities, net	-245	255	-107	-31	-209	218	-30	-69	-364	89	17
Net Cash From Investing Activities	-51	19	-61	-53	-64	-50	-42	-42	-59	-26	-45
Net Cash From Continuing Investing Activities	-51	19	-61	-53	-64	-50	-42	-42	-59	-26	-45
Purchase of Property, Plant & Equipment	-53	-47	-66	-60	-66	-53	-44	-43	-60	-30	-46
Sale of Property, Plant & Equipment	0.00	17	4.70	4.90	1.00	0.50	1.70	0.70	0.90	1.60	0.50
Other Investing Activities, net	2.70	0.90	-	2.00	1.00	2.90	-0.10	1.00	0.20	-	-0.10
Net Cash From Financing Activities	-108	-94	28	-7.00	-187	-56	322	44	-43	-44	-23
Net Cash From Continuing Financing Activities	-108	-94	28	-7.00	-187	-56	322	44	-43	-44	-23
Repayment of Debt	-8.00	-7.50	-13	-2.10	-12	-10	-24	11	-23	3.90	-21
Repurchase of Common Equity	-100	-71	-40	-	-175	-30	-45	-0.10	-21	-35	-15
Issuance of Debt	0.00	-	4.90	-	-	-	392	-	-	-	13
Other Net Changes in Cash	5.20	-	-	-	-	-	-	-	-	-	-

This table presents ATI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/29/2024	12/31/2023	1/1/2023	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,231	4,985	4,446	4,285	4,035	5,635	5,502	5,185	5,170	5,752
Total Current Assets	2,945	2,738	2,476	2,307	2,066	2,303	2,247	1,916	1,767	1,868
Cash & Equivalents	721	744	584	688	646	491	382	142	230	150
Accounts Receivable	709	625	579	470	346	554	528	545	452	400
Inventories, net	1,353	1,248	1,196	1,046	997	1,155	1,211	1,176	1,037	1,272
Other Current Assets	162	121	118	103	77	103	126	53	48	46
Plant, Property, & Equipment, net	1,777	1,666	1,549	1,529	1,469	2,450	2,475	2,496	2,499	2,928
Total Noncurrent Assets	509	582	420	450	500	882	780	774	905	956
Goodwill	227	227	227	228	241	526	535	531	642	651
Other Noncurrent Operating Assets	282	354	193	222	259	356	245	243	263	305
Total Liabilities & Shareholders' Equity	5,231	4,985	4,446	4,285	4,035	5,635	5,502	5,185	5,170	5,752
Total Liabilities	3,275	3,505	3,288	3,453	3,394	3,441	3,510	3,341	3,725	3,555
Total Current Liabilities	1,209	977	964	856	653	849	837	713	709	687
Short-Term Debt	180	32	42	131	18	12	6.60	10	105	3.90
Accounts Payable	609	525	553	376	291	521	499	420	294	381
Current Deferred Revenue	169	164	149	116	112	79	-	-	-	-
Other Current Liabilities	250	257	220	233	233	238	71	0.00	-	-
Total Noncurrent Liabilities	2,067	2,528	2,325	2,596	2,740	2,592	2,673	2,628	3,017	2,869
Long-Term Debt	1,715	2,148	1,706	1,712	1,550	1,387	1,536	1,531	1,772	1,492
Noncurrent Employee Benefit Liabilities	202	215	411	674	1,000	1,044	1,048	1,015	1,146	1,193
Other Noncurrent Operating Liabilities	151	165	208	211	190	161	89	73	83	108
Total Equity & Noncontrolling Interests	1,955	1,481	1,157	833	641	2,193	1,992	1,845	1,445	2,184
Total Preferred & Common Equity	1,850	1,373	1,046	686	521	2,090	1,886	1,739	1,355	2,083
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,850	1,373	1,046	686	521	2,090	1,886	1,739	1,355	2,083
Common Stock	1,958	1,710	1,681	1,609	1,638	1,631	1,628	1,609	1,200	1,173
Retained Earnings	64	-70	-481	73	107	1,679	1,422	1,184	1,277	1,946
Treasury Stock	-83	-184	-87	-4.80	0.00	-18	-31	-26	-28	-21
Accumulated Other Comprehensive Income / (Loss)	-90	-83	-67	-992	-1,224	-1,202	-1,134	-1,028	-1,094	-1,015
Noncontrolling Interest	105	108	111	147	120	103	106	105	90	102

This table presents ATI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	3/30/2025	9/29/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023
Total Assets	5,184	5,066	4,921	4,782	4,731	4,435	4,287
Total Current Assets	2,880	2,778	2,653	2,518	2,600	2,459	2,316
Cash & Equivalents	476	407	426	394	433	267	196
Accounts Receivable	827	730	720	721	683	710	726
Inventories, net	1,397	1,415	1,318	1,285	1,354	1,380	1,294
Other Current Assets	180	227	190	118	130	101	101
Plant, Property, & Equipment, net	1,788	1,747	1,706	1,689	1,626	1,568	1,552
Total Noncurrent Assets	516	541	563	575	505	408	419
Goodwill	227	227	227	227	227	227	227
Other Noncurrent Operating Assets	289	314	336	348	278	181	192
Total Liabilities & Shareholders' Equity	5,184	5,066	4,921	4,782	4,731	4,435	4,287
Total Liabilities	3,202	3,154	3,454	3,409	3,375	3,126	3,073
Total Current Liabilities	1,137	945	1,246	897	829	898	824
Short-Term Debt	180	28	317	27	38	74	25
Accounts Payable	563	529	525	483	435	468	448
Accrued Expenses	207	242	243	226	247	218	202
Other Current Liabilities	187	147	161	162	110	138	150
Total Noncurrent Liabilities	2,065	2,209	2,208	2,512	2,546	2,228	2,249
Long-Term Debt	1,713	1,856	1,854	2,146	2,148	1,700	1,702
Noncurrent Employee Benefit Liabilities	197	201	205	209	213	349	354
Other Noncurrent Operating Liabilities	154	152	149	156	185	179	193
Total Equity & Noncontrolling Interests	1,982	1,912	1,468	1,373	1,356	1,309	1,214
Total Preferred & Common Equity	1,873	1,791	1,355	1,264	1,239	1,194	1,097
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,873	1,791	1,355	1,264	1,239	1,194	1,097
Common Stock	1,888	1,952	1,726	1,717	1,703	1,695	1,688
Retained Earnings	161	-73	78	-4.00	399	323	247
Treasury Stock	-105	-13	-359	-360	-154	-108	-108
Accumulated Other Comprehensive Income / (Loss)	-72	-75	-90	-89	-709	-716	-731
Noncontrolling Interest	110	121	113	110	117	115	118

This table displays calculated financial ratios and metrics derived from ATI's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/29/2024	12/31/2023	1/1/2023	1/2/2022	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.51%	8.80%	37.01%	-6.11%	-27.66%	1.88%	14.79%	12.46%	-15.73%	-11.93%
EBITDA Growth	45.07%	-8.69%	8.38%	144.14%	-340.59%	-5.71%	119.91%	155.74%	-147.16%	-161.99%
EBIT Growth	60.64%	-12.22%	11.67%	128.98%	-482.53%	-6.66%	353.86%	113.82%	-65.85%	-433.76%
NOPAT Growth	-28.34%	121.30%	190.39%	111.42%	-322.17%	18.62%	267.25%	124.84%	-46.67%	-135.84%
Net Income Growth	-9.61%	24.86%	64.13%	113.25%	-688.53%	11.96%	396.99%	87.29%	-71.39%	-3,911.46%
EPS Growth	-9.25%	26.01%	68.94%	110.62%	-786.74%	12.42%	293.98%	86.10%	-69.12%	-11,666.67%
Operating Cash Flow Growth	374.04%	-61.81%	1,296.89%	-90.35%	-27.47%	-41.42%	1,653.57%	151.26%	-133.26%	135.06%
Free Cash Flow Firm Growth	260.08%	338.41%	90.32%	-151.19%	35.86%	5.23%	865.86%	-180.60%	-57.50%	-75.04%
Invested Capital Growth	7.31%	25.63%	16.77%	27.16%	-49.59%	-1.60%	-2.83%	4.90%	-12.71%	-10.72%
Revenue Q/Q Growth	2.56%	1.30%	0.00%	3.98%	-10.78%	-0.47%	3.27%	3.34%	1.86%	-7.66%
EBITDA Q/Q Growth	33.43%	-32.49%	0.00%	162.29%	-3,831.51%	-7.18%	5.58%	36.09%	42.54%	-188.33%
EBIT Q/Q Growth	45.36%	-40.20%	0.00%	139.21%	-676.58%	-9.27%	8.29%	336.79%	35.37%	-2,585.14%
NOPAT Q/Q Growth	-22.77%	39.19%	0.00%	114.33%	-1,023.99%	22.02%	-0.65%	6.40%	42.67%	-3,369.03%
Net Income Q/Q Growth	-1.82%	-22.74%	0.00%	118.65%	-301.54%	3.88%	20.21%	-11.94%	27.43%	-211.94%
EPS Q/Q Growth	-1.92%	-24.26%	0.00%	114.75%	-287.23%	4.02%	19.26%	-7.79%	27.11%	-191.74%
Operating Cash Flow Q/Q Growth	-8.18%	1,327.14%	0.00%	113.10%	-41.46%	-13.56%	103.73%	57.75%	51.01%	-35.27%
Free Cash Flow Firm Q/Q Growth	-21.71%	102.81%	-101.58%	-349.40%	48.20%	-8.36%	355.81%	-156.09%	182.58%	-61.74%
Invested Capital Q/Q Growth	-7.66%	-6.18%	0.00%	1.22%	-44.54%	-6.65%	-9.66%	0.21%	-4.86%	-7.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.59%	19.23%	18.62%	11.90%	9.82%	15.48%	15.58%	14.10%	7.11%	1.62%
EBITDA Margin	17.76%	12.80%	15.25%	19.28%	-41.00%	12.33%	13.32%	6.95%	-14.03%	-4.78%
Operating Margin	13.96%	11.17%	8.24%	4.20%	-43.68%	8.89%	8.95%	3.82%	-17.28%	-9.93%
EBIT Margin	14.29%	9.30%	11.52%	14.14%	-45.81%	8.66%	9.45%	2.39%	-19.46%	-9.89%
Profit (Net Income) Margin	8.77%	10.14%	8.84%	7.38%	-52.30%	6.43%	5.85%	-2.26%	-20.01%	-9.84%
Tax Burden Percent	78.73%	143.43%	95.63%	88.52%	105.24%	112.05%	95.56%	92.14%	85.44%	76.55%
Interest Burden Percent	77.99%	76.08%	80.23%	58.97%	108.48%	66.23%	64.74%	-102.61%	120.33%	129.96%
Effective Tax Rate	21.27%	-43.43%	4.37%	11.48%	0.00%	-12.05%	4.44%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	15.86%	25.55%	14.03%	5.86%	-39.10%	13.13%	10.82%	2.97%	-11.43%	-6.89%
ROIC Less NNEP Spread (ROIC-NNEP)	8.45%	6.65%	17.21%	15.73%	-109.89%	-0.94%	2.28%	-8.44%	-27.99%	-15.17%
Return on Net Nonoperating Assets (RNNOA)	6.42%	6.56%	20.05%	22.17%	-70.94%	-0.46%	1.52%	-7.82%	-23.01%	-7.99%
Return on Equity (ROE)	22.28%	32.10%	34.08%	28.03%	-110.04%	12.66%	12.34%	-4.85%	-34.44%	-14.88%
Cash Return on Invested Capital (CROIC)	8.81%	2.82%	-1.44%	-18.05%	26.85%	14.74%	13.70%	-1.81%	2.14%	4.45%
Operating Return on Assets (OROA)	12.20%	8.23%	10.13%	9.51%	-28.25%	6.41%	7.16%	1.63%	-11.17%	-5.97%
Return on Assets (ROA)	7.49%	8.98%	7.77%	4.97%	-32.26%	4.76%	4.43%	-1.54%	-11.48%	-5.94%
Return on Common Equity (ROCE)	20.90%	29.44%	29.66%	22.95%	-101.37%	12.03%	11.66%	-4.56%	-32.52%	-14.16%
Return on Equity Simple (ROE_SIMPLE)	20.68%	30.84%	32.42%	30.13%	-299.29%	12.68%	12.55%	-4.58%	-46.27%	-17.57%
Net Operating Profit after Tax (NOPAT)	479	669	302	104	-912	410	346	94	-379	-259
NOPAT Margin	10.99%	16.03%	7.88%	3.72%	-30.58%	9.96%	8.55%	2.67%	-12.10%	-6.95%
Net Nonoperating Expense Percent (NNEP)	7.41%	18.89%	-3.18%	-9.87%	70.79%	14.06%	8.54%	11.42%	16.56%	8.28%
Return On Investment Capital (ROIC_SIMPLE)	12.45%	18.28%	10.40%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	79.41%	80.77%	81.38%	88.10%	90.18%	84.52%	84.42%	85.90%	92.89%	98.38%
SG&A Expenses to Revenue	7.85%	7.86%	7.76%	8.10%	6.74%	6.48%	6.63%	7.04%	7.68%	6.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.63%	8.06%	10.38%	7.70%	53.50%	6.59%	6.63%	10.28%	24.39%	11.55%
Earnings before Interest and Taxes (EBIT)	623	388	442	396	-1,366	357	383	84	-610	-368
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	775	534	585	540	-1,223	508	539	245	-440	-178
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.27	4.23	3.71	2.96	4.08	1.25	1.45	1.51	1.28	0.58
Price to Tangible Book Value (P/TBV)	4.87	5.06	4.74	4.43	7.58	1.67	2.03	2.18	2.43	0.84
Price to Revenue (P/Rev)	1.81	1.39	1.01	0.72	0.71	0.63	0.68	0.75	0.55	0.33
Price to Earnings (P/E)	21.51	14.12	11.99	10.98	0.00	10.32	12.30	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.01%	5.60%
Earnings Yield	4.65%	7.08%	8.34%	9.11%	0.00%	9.69%	8.13%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.94	2.52	2.22	1.67	2.03	1.17	1.27	1.27	1.12	0.75
Enterprise Value to Revenue (EV/Rev)	2.11	1.76	1.34	1.19	1.06	0.88	0.99	1.17	1.11	0.72
Enterprise Value to EBITDA (EV/EBITDA)	11.86	13.75	8.81	6.17	0.00	7.12	7.43	16.86	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	14.74	18.93	11.66	8.41	0.00	10.13	10.46	49.02	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	19.17	10.98	17.05	31.98	0.00	8.81	11.57	43.86	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.56	85.50	22.92	206.79	18.99	15.72	10.19	184.47	0.00	20.31
Enterprise Value to Free Cash Flow (EV/FCFF)	34.51	99.31	0.00	0.00	5.06	7.85	9.14	0.00	48.95	15.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	1.47	1.51	2.21	2.44	0.64	0.77	0.84	1.30	0.68
Long-Term Debt to Equity	0.88	1.45	1.47	2.06	2.42	0.63	0.77	0.83	1.23	0.68
Financial Leverage	0.76	0.99	1.17	1.41	0.65	0.49	0.67	0.93	0.82	0.53
Leverage Ratio	2.97	3.58	4.39	5.64	3.41	2.66	2.79	3.15	3.00	2.51
Compound Leverage Factor	2.32	2.72	3.52	3.33	3.70	1.76	1.80	-3.23	3.61	3.26
Debt to Total Capital	49.22%	59.55%	60.17%	68.88%	70.97%	38.94%	43.64%	45.51%	56.51%	40.51%
Short-Term Debt to Total Capital	4.69%	0.87%	1.44%	4.91%	0.81%	0.32%	0.19%	0.30%	3.16%	0.11%
Long-Term Debt to Total Capital	44.54%	58.68%	58.73%	63.97%	70.16%	38.62%	43.45%	45.21%	53.34%	40.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.72%	2.94%	3.83%	5.50%	5.45%	2.87%	3.00%	3.10%	2.70%	3.08%
Common Equity to Total Capital	48.06%	37.51%	36.00%	25.62%	23.59%	58.19%	53.36%	51.38%	40.80%	56.41%
Debt to EBITDA	2.45	4.08	2.99	3.41	-1.28	2.75	2.86	6.29	-4.27	-8.41
Net Debt to EBITDA	1.52	2.69	1.99	2.14	-0.75	1.79	2.15	5.71	-3.75	-7.57
Long-Term Debt to EBITDA	2.21	4.02	2.92	3.17	-1.27	2.73	2.85	6.24	-4.03	-8.39
Debt to NOPAT	3.95	3.26	5.78	17.70	-1.72	3.41	4.46	16.35	-4.95	-5.78
Net Debt to NOPAT	2.45	2.15	3.85	11.10	-1.01	2.21	3.35	14.85	-4.34	-5.21
Long-Term Debt to NOPAT	3.58	3.21	5.64	16.44	-1.70	3.38	4.44	16.25	-4.67	-5.77
Altman Z-Score	3.09	2.49	2.16	1.74	0.46	2.12	2.10	1.80	1.09	1.36
Noncontrolling Interest Sharing Ratio	6.18%	8.30%	12.99%	18.14%	7.88%	4.99%	5.50%	5.92%	5.58%	4.81%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.44	2.80	2.57	2.69	3.16	2.71	2.68	2.69	2.49	2.72
Quick Ratio	1.18	1.40	1.21	1.35	1.52	1.23	1.09	0.96	0.96	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	266	74	-31	-321	626	461	438	-57	71	167
Operating Cash Flow to CapEx	192.53%	43.63%	175.98%	12.22%	127.79%	301.97%	287.98%	18.67%	-21.61%	90.93%
Free Cash Flow to Firm to Interest Expense	1.94	0.80	-0.35	-1.97	5.40	3.82	3.25	-0.33	0.57	1.51
Operating Cash Flow to Interest Expense	2.97	0.93	2.57	0.10	1.44	1.91	2.91	0.13	-0.35	1.19
Operating Cash Flow Less CapEx to Interest Expense	1.43	-1.20	1.11	-0.71	0.31	1.28	1.90	-0.57	-1.98	-0.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.89	0.88	0.67	0.62	0.74	0.76	0.68	0.57	0.60
Accounts Receivable Turnover	6.54	6.93	7.31	6.86	6.63	7.62	7.54	7.07	7.35	7.41
Inventory Turnover	2.66	2.76	2.78	2.41	2.50	2.95	2.86	2.74	2.52	2.67
Fixed Asset Turnover	2.53	2.60	2.49	1.87	1.52	1.67	1.63	1.41	1.16	1.26
Accounts Payable Turnover	6.11	6.25	6.72	7.41	6.63	6.83	7.44	8.48	8.63	7.81
Days Sales Outstanding (DSO)	55.82	52.66	49.92	53.18	55.07	47.89	48.40	51.64	49.63	49.26
Days Inventory Outstanding (DIO)	137.01	132.27	131.07	151.19	146.07	123.94	127.53	133.38	144.69	136.87
Days Payable Outstanding (DPO)	59.74	58.36	54.30	49.28	55.09	53.42	49.09	43.06	42.31	46.76
Cash Conversion Cycle (CCC)	133.09	126.56	126.69	155.08	146.05	118.41	126.83	141.96	152.01	139.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,129	2,916	2,321	1,988	1,563	3,101	3,152	3,244	3,092	3,542
Invested Capital Turnover	1.44	1.59	1.78	1.58	1.28	1.32	1.27	1.11	0.94	0.99
Increase / (Decrease) in Invested Capital	213	595	333	425	-1,538	-50	-92	151	-450	-426
Enterprise Value (EV)	9,188	7,344	5,154	3,329	3,169	3,616	4,002	4,132	3,472	2,668
Market Capitalization	7,910	5,801	3,879	2,027	2,127	2,605	2,736	2,628	1,735	1,209
Book Value per Share	$12.97	$10.76	$8.13	$5.39	$4.11	$16.58	$15.00	$15.98	$12.44	$19.07
Tangible Book Value per Share	$11.38	$8.98	$6.37	$3.60	$2.21	$12.41	$10.75	$11.10	$6.55	$13.11
Total Capital	3,851	3,660	2,905	2,676	2,209	3,592	3,534	3,385	3,322	3,692
Total Debt	1,895	2,180	1,748	1,843	1,568	1,399	1,542	1,541	1,877	1,496
Total Long-Term Debt	1,715	2,148	1,706	1,712	1,550	1,387	1,536	1,531	1,772	1,492
Net Debt	1,174	1,436	1,164	1,155	922	908	1,160	1,399	1,647	1,346
Capital Expenditures (CapEx)	212	197	128	132	131	76	136	120	202	145
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,196	1,049	970	894	785	975	1,034	1,072	933	1,035
Debt-free Net Working Capital (DFNWC)	1,917	1,793	1,554	1,582	1,431	1,465	1,416	1,213	1,163	1,185
Net Working Capital (NWC)	1,737	1,761	1,513	1,450	1,413	1,454	1,410	1,203	1,058	1,181
Net Nonoperating Expense (NNE)	97	246	-37	-103	648	145	109	174	248	107
Net Nonoperating Obligations (NNO)	1,174	1,436	1,164	1,155	922	908	1,160	1,399	1,647	1,346
Total Depreciation and Amortization (D&A)	152	146	143	144	143	151	156	161	170	190
Debt-free, Cash-free Net Working Capital to Revenue	27.41%	25.12%	25.29%	31.93%	26.31%	23.64%	25.56%	30.40%	29.77%	27.83%
Debt-free Net Working Capital to Revenue	43.94%	42.95%	40.52%	56.49%	47.97%	35.54%	35.00%	34.42%	37.10%	31.86%
Net Working Capital to Revenue	39.81%	42.18%	39.43%	51.80%	47.37%	35.27%	34.84%	34.13%	33.75%	31.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.82	$3.21	$1.03	($0.30)	($12.43)	$2.05	$1.78	($0.83)	($5.97)	($3.53)
Adjusted Weighted Average Basic Shares Outstanding	142.17M	127.78M	128.61M	127.45M	126.83M	126.09M	125.68M	125.66M	108.77M	108.91M
Adjusted Diluted Earnings per Share	$2.55	$2.81	$0.96	($0.30)	($12.43)	$1.85	$1.61	($0.83)	($5.97)	($3.53)
Adjusted Weighted Average Diluted Shares Outstanding	142.17M	127.78M	128.61M	127.45M	126.83M	126.09M	125.68M	125.66M	108.77M	108.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	142.17M	127.78M	128.61M	127.45M	126.83M	126.09M	125.68M	125.66M	108.77M	108.91M
Normalized Net Operating Profit after Tax (NOPAT)	483	332	398	94	64	260	346	174	-13	-125
Normalized NOPAT Margin	11.06%	7.95%	10.39%	3.36%	2.15%	6.30%	8.55%	4.94%	-0.40%	-3.36%
Pre Tax Income Margin	11.14%	7.07%	9.24%	8.34%	-49.69%	5.74%	6.12%	-2.45%	-23.42%	-12.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.54	4.18	5.06	2.44	-11.79	2.96	2.84	0.49	-4.92	-3.34
NOPAT to Interest Expense	3.49	7.21	3.46	0.64	-7.87	3.40	2.57	0.55	-3.06	-2.35
EBIT Less CapEx to Interest Expense	3.00	2.06	3.60	1.63	-12.91	2.33	1.83	-0.21	-6.55	-4.65
NOPAT Less CapEx to Interest Expense	1.95	5.09	2.00	-0.17	-8.99	2.77	1.55	-0.15	-4.69	-3.66
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.18%	3.78%	10.03%	0.00%	-0.46%	5.28%	4.22%	-10.04%	-8.61%	-22.55%
Augmented Payout Ratio	78.91%	26.55%	52.96%	2.32%	-0.96%	9.02%	6.97%	-16.06%	-8.61%	-22.93%

This table displays calculated financial ratios and metrics derived from ATI's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.73%	10.22%	2.50%	4.71%	0.46%	5.30%	-0.62%	9.02%	24.46%	0.00%	0.00%
EBITDA Growth	25.29%	275.32%	14.52%	15.30%	-0.27%	-78.48%	27.95%	450.53%	41.24%	0.00%	-10.22%
EBIT Growth	29.13%	627.42%	16.37%	18.18%	-1.15%	-89.38%	39.23%	1,713.33%	62.88%	0.00%	-13.78%
NOPAT Growth	31.54%	-91.50%	-9.94%	-4.88%	-13.89%	1,373.06%	10.02%	1,525.13%	58.71%	0.00%	405.92%
Net Income Growth	46.93%	-4.76%	-7.97%	-8.45%	-21.02%	-45.51%	46.12%	372.59%	146.02%	0.00%	0.00%
EPS Growth	45.65%	-5.05%	-8.06%	-6.45%	-20.69%	-47.62%	47.62%	300.00%	152.17%	0.00%	0.00%
Operating Cash Flow Growth	6.38%	-8.70%	121.02%	48.46%	65.36%	28.65%	-192.85%	1,409.62%	-31.31%	0.00%	186.50%
Free Cash Flow Firm Growth	60.01%	-103.11%	94.20%	16.62%	21.44%	807.44%	-244.26%	43.44%	17.85%	53.40%	136.46%
Invested Capital Growth	7.85%	7.31%	9.03%	14.11%	14.83%	25.63%	0.00%	19.53%	22.71%	16.77%	-100.00%
Revenue Q/Q Growth	-2.41%	11.56%	-4.03%	5.02%	-1.98%	3.74%	-1.95%	0.76%	2.74%	-2.09%	7.56%
EBITDA Q/Q Growth	-29.97%	45.87%	0.28%	22.31%	74.00%	-55.49%	0.96%	5.80%	-54.73%	164.62%	334.39%
EBIT Q/Q Growth	-35.92%	57.80%	-0.07%	27.79%	145.93%	-74.76%	1.49%	6.89%	-61.21%	230.84%	1,276.00%
NOPAT Q/Q Growth	-28.37%	58.27%	-2.63%	19.15%	-88.22%	1,576.31%	2.84%	7.87%	-20.79%	25.20%	1,432.04%
Net Income Q/Q Growth	-29.28%	64.09%	1.17%	25.15%	-58.22%	58.55%	0.64%	7.97%	-68.37%	325.16%	287.76%
EPS Q/Q Growth	-28.72%	64.91%	-1.72%	26.09%	-57.80%	59.68%	0.00%	6.90%	-69.31%	350.00%	235.48%
Operating Cash Flow Q/Q Growth	-124.28%	1,487.08%	-76.26%	202.33%	-123.68%	465.32%	-267.69%	123.88%	-187.94%	163.66%	2,465.38%
Free Cash Flow Firm Q/Q Growth	-189.58%	74.93%	39.60%	8.80%	-266.17%	146.83%	-768.00%	14.06%	-102.51%	-109.55%	440.34%
Invested Capital Q/Q Growth	8.64%	-7.66%	5.47%	1.93%	8.10%	-6.18%	10.38%	2.58%	18.26%	0.00%	-100.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.60%	21.20%	21.39%	20.76%	18.93%	19.33%	18.97%	19.99%	18.61%	18.38%	17.81%
EBITDA Margin	16.19%	22.56%	17.26%	16.52%	14.18%	6.63%	15.44%	15.00%	14.29%	32.42%	12.00%
Operating Margin	12.84%	17.81%	13.53%	13.02%	11.05%	10.18%	12.21%	11.50%	10.85%	13.61%	10.97%
EBIT Margin	12.63%	19.23%	13.59%	13.06%	10.73%	2.91%	11.97%	11.57%	10.90%	28.88%	8.55%
Profit (Net Income) Margin	8.78%	12.12%	8.24%	7.82%	6.56%	14.02%	9.18%	8.94%	8.34%	27.10%	6.24%
Tax Burden Percent	82.72%	81.20%	75.37%	77.19%	80.19%	1,841.98%	95.05%	96.19%	95.27%	98.49%	95.55%
Interest Burden Percent	84.08%	77.61%	80.41%	77.55%	76.23%	26.13%	80.62%	80.33%	80.30%	95.27%	76.42%
Effective Tax Rate	17.28%	18.80%	24.63%	22.81%	19.81%	-1,741.98%	4.95%	3.81%	4.73%	1.51%	4.45%
Return on Invested Capital (ROIC)	14.47%	20.87%	13.35%	14.09%	12.55%	298.82%	30.76%	17.65%	16.76%	23.86%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	13.15%	18.76%	12.08%	12.59%	11.10%	156.83%	27.92%	16.16%	15.37%	35.80%	0.00%
Return on Net Nonoperating Assets (RNNOA)	12.53%	14.25%	11.93%	14.74%	14.20%	154.57%	36.08%	21.77%	22.72%	41.72%	0.00%
Return on Equity (ROE)	27.00%	35.13%	25.28%	28.84%	26.75%	453.39%	66.84%	39.43%	39.48%	65.58%	0.00%
Cash Return on Invested Capital (CROIC)	7.98%	8.81%	10.47%	8.17%	8.44%	2.82%	-169.08%	0.38%	-6.79%	-1.44%	200.00%
Operating Return on Assets (OROA)	11.31%	16.42%	11.80%	11.80%	9.89%	2.58%	20.85%	11.02%	10.34%	25.38%	0.00%
Return on Assets (ROA)	7.87%	10.35%	7.15%	7.06%	6.04%	12.41%	15.98%	8.51%	7.91%	23.81%	0.00%
Return on Common Equity (ROCE)	25.23%	32.96%	23.44%	26.47%	24.40%	415.78%	61.08%	35.02%	34.48%	57.07%	0.00%
Return on Equity Simple (ROE_SIMPLE)	22.15%	0.00%	21.76%	29.32%	32.07%	0.00%	44.23%	43.41%	35.61%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	122	170	107	110	92	1,995	119	116	107	135	108
NOPAT Margin	10.62%	14.46%	10.20%	10.05%	8.86%	187.49%	11.60%	11.06%	10.33%	13.40%	10.48%
Net Nonoperating Expense Percent (NNEP)	1.31%	2.11%	1.27%	1.50%	1.45%	141.99%	2.84%	1.50%	1.39%	-11.93%	6.82%
Return On Investment Capital (ROIC_SIMPLE)	3.14%	4.41%	-	-	-	54.50%	-	-	-	4.66%	-
Cost of Revenue to Revenue	79.40%	78.80%	78.61%	79.24%	81.07%	80.67%	81.03%	80.01%	81.39%	81.62%	82.19%
SG&A Expenses to Revenue	7.43%	7.59%	7.84%	8.12%	7.86%	8.67%	6.81%	8.16%	7.76%	7.60%	7.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.77%	3.39%	7.86%	7.74%	7.88%	9.15%	6.77%	8.49%	7.76%	4.77%	6.84%
Earnings before Interest and Taxes (EBIT)	145	226	143	143	112	31	123	121	113	292	88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	185	265	181	181	148	71	158	157	148	328	124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.87	4.27	4.60	5.09	5.17	4.23	4.27	4.76	4.63	3.71	0.00
Price to Tangible Book Value (P/TBV)	4.40	4.87	5.27	6.12	6.30	5.06	5.23	5.88	5.84	4.74	0.00
Price to Revenue (P/Rev)	1.62	1.81	1.94	1.63	1.56	1.39	1.28	1.38	1.26	1.01	0.00
Price to Earnings (P/E)	18.17	21.51	21.91	17.97	16.64	14.12	9.90	11.25	13.46	11.99	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.50%	4.65%	4.56%	5.56%	6.01%	7.08%	10.10%	8.89%	7.43%	8.34%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.58	2.94	2.91	2.73	2.67	2.52	2.30	2.60	2.45	2.22	0.00
Enterprise Value to Revenue (EV/Rev)	1.97	2.11	2.31	2.07	2.01	1.76	1.74	1.77	1.66	1.34	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.80	11.86	16.95	15.70	15.77	13.75	9.05	9.66	10.70	8.81	0.00
Enterprise Value to EBIT (EV/EBIT)	13.37	14.74	22.96	21.43	21.77	18.93	11.04	11.90	13.84	11.66	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.24	19.17	15.86	13.61	12.83	10.98	14.90	15.55	19.85	17.05	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	21.21	22.56	22.20	28.69	30.91	85.50	0.00	31.74	42.85	22.92	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	33.56	34.51	28.95	35.55	33.80	99.31	0.00	751.68	0.00	0.00	1.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.96	0.97	0.99	1.48	1.58	1.47	1.61	1.35	1.42	1.51	0.00
Long-Term Debt to Equity	0.86	0.88	0.97	1.26	1.56	1.45	1.58	1.30	1.40	1.47	0.00
Financial Leverage	0.95	0.76	0.99	1.17	1.28	0.99	1.29	1.35	1.48	1.17	1.89
Leverage Ratio	2.97	2.97	3.00	3.37	3.51	3.58	3.49	3.93	4.24	4.39	6.80
Compound Leverage Factor	2.50	2.31	2.41	2.61	2.67	0.93	2.81	3.16	3.41	4.18	5.20
Debt to Total Capital	48.85%	49.22%	49.62%	59.66%	61.28%	59.55%	61.71%	57.53%	58.72%	60.17%	0.00%
Short-Term Debt to Total Capital	4.64%	4.69%	0.74%	8.71%	0.76%	0.87%	1.06%	2.40%	0.85%	1.44%	0.00%
Long-Term Debt to Total Capital	44.21%	44.54%	48.89%	50.95%	60.52%	58.68%	60.65%	55.14%	57.87%	58.73%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.83%	2.72%	3.18%	3.10%	3.09%	2.94%	3.30%	3.74%	4.01%	3.83%	0.00%
Common Equity to Total Capital	48.32%	48.06%	47.20%	37.24%	35.63%	37.51%	34.99%	38.73%	37.28%	36.00%	0.00%
Debt to EBITDA	2.33	2.45	3.24	3.89	4.07	4.08	2.76	2.34	2.75	2.99	0.00
Net Debt to EBITDA	1.75	1.52	2.54	3.13	3.33	2.69	2.21	1.99	2.44	1.99	0.00
Long-Term Debt to EBITDA	2.11	2.21	3.20	3.32	4.02	4.02	2.71	2.25	2.71	2.92	0.00
Debt to NOPAT	3.72	3.95	3.03	3.37	3.31	3.26	4.55	3.78	5.10	5.78	0.00
Net Debt to NOPAT	2.79	2.45	2.38	2.71	2.71	2.15	3.65	3.21	4.52	3.85	0.00
Long-Term Debt to NOPAT	3.37	3.58	2.99	2.88	3.27	3.21	4.47	3.62	5.02	5.64	0.00
Altman Z-Score	2.76	2.84	2.92	2.52	2.51	2.26	2.46	2.64	2.52	2.04	0.00
Noncontrolling Interest Sharing Ratio	6.53%	6.18%	7.27%	8.21%	8.79%	8.30%	8.63%	11.18%	12.68%	12.99%	20.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.53	2.44	2.94	2.13	2.81	2.80	3.13	2.74	2.81	2.57	0.00
Quick Ratio	1.15	1.18	1.20	0.92	1.24	1.40	1.35	1.09	1.12	1.21	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-126	-43	-173	-287	-315	1,400	-2,989	-344	-401	-198	2,072
Operating Cash Flow to CapEx	-173.55%	1,257.10%	39.28%	182.82%	-152.47%	788.66%	-269.98%	161.37%	-479.33%	1,126.04%	272.12%
Free Cash Flow to Firm to Interest Expense	-5.47	-0.86	-6.19	-8.94	-11.84	61.13	-125.60	-14.47	-17.97	-14.34	99.62
Operating Cash Flow to Interest Expense	-4.02	7.54	0.86	3.15	-3.71	18.22	-4.80	2.86	-12.79	23.50	5.91
Operating Cash Flow Less CapEx to Interest Expense	-6.34	6.94	-1.33	1.43	-6.15	15.91	-6.58	1.09	-15.46	21.41	3.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.85	0.87	0.90	0.92	0.89	1.74	0.95	0.95	0.88	0.00
Accounts Receivable Turnover	5.77	6.54	6.02	5.91	5.78	6.93	0.00	6.17	6.29	7.31	0.00
Inventory Turnover	2.63	2.66	2.45	2.52	2.62	2.76	0.00	2.53	2.66	2.78	0.00
Fixed Asset Turnover	2.57	2.53	2.52	2.58	2.58	2.60	0.00	2.70	2.65	2.49	0.00
Accounts Payable Turnover	6.75	6.11	7.05	6.86	7.25	6.25	0.00	7.54	7.83	6.72	0.00
Days Sales Outstanding (DSO)	63.27	55.82	60.64	61.72	63.16	52.66	0.00	59.14	57.98	49.92	0.00
Days Inventory Outstanding (DIO)	138.77	137.01	148.68	144.70	139.58	132.27	0.00	144.23	137.22	131.07	0.00
Days Payable Outstanding (DPO)	54.11	59.74	51.75	53.22	50.34	58.36	0.00	48.40	46.63	54.30	0.00
Cash Conversion Cycle (CCC)	147.92	133.09	157.57	153.21	152.39	126.56	0.00	154.98	148.58	126.69	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,400	3,129	3,389	3,213	3,152	2,916	3,108	2,816	2,745	2,321	0.00
Invested Capital Turnover	1.36	1.44	1.31	1.40	1.42	1.59	2.65	1.60	1.62	1.78	0.00
Increase / (Decrease) in Invested Capital	247	213	281	397	407	595	3,108	460	508	333	-1,964
Enterprise Value (EV)	8,772	9,188	9,846	8,758	8,417	7,344	7,161	7,308	6,724	5,154	3,457
Market Capitalization	7,245	7,910	8,248	6,900	6,528	5,801	5,291	5,686	5,075	3,879	3,457
Book Value per Share	$13.17	$12.97	$14.39	$10.89	$10.15	$10.76	$9.63	$9.29	$8.53	$8.13	$0.00
Tangible Book Value per Share	$11.58	$11.38	$12.57	$9.06	$8.33	$8.98	$7.87	$7.52	$6.76	$6.37	$0.00
Total Capital	3,876	3,851	3,795	3,639	3,547	3,660	3,541	3,083	2,941	2,905	0.00
Total Debt	1,893	1,895	1,883	2,171	2,174	2,180	2,185	1,774	1,727	1,748	0.00
Total Long-Term Debt	1,713	1,715	1,856	1,854	2,146	2,148	2,148	1,700	1,702	1,706	0.00
Net Debt	1,417	1,174	1,477	1,745	1,779	1,436	1,752	1,507	1,531	1,164	0.00
Capital Expenditures (CapEx)	53	30	61	55	65	53	42	42	60	29	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,447	1,196	1,454	1,299	1,254	1,049	1,375	1,368	1,321	970	0.00
Debt-free Net Working Capital (DFNWC)	1,923	1,917	1,861	1,724	1,648	1,793	1,808	1,635	1,517	1,554	0.00
Net Working Capital (NWC)	1,743	1,737	1,833	1,407	1,621	1,761	1,770	1,561	1,492	1,513	0.00
Net Nonoperating Expense (NNE)	21	28	21	24	24	1,846	25	22	21	-138	44
Net Nonoperating Obligations (NNO)	1,417	1,174	1,477	1,745	1,779	1,436	1,752	1,507	1,531	1,164	0.00
Total Depreciation and Amortization (D&A)	41	39	39	38	36	40	36	36	35	36	36
Debt-free, Cash-free Net Working Capital to Revenue	32.42%	27.41%	34.19%	30.71%	30.00%	25.12%	33.37%	33.15%	32.70%	25.29%	0.00%
Debt-free Net Working Capital to Revenue	43.08%	43.94%	43.75%	40.78%	39.44%	42.95%	43.88%	39.62%	37.55%	40.52%	0.00%
Net Working Capital to Revenue	39.04%	39.81%	43.10%	33.29%	38.79%	42.18%	42.97%	37.83%	36.94%	39.43%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.68	$1.00	$0.64	$0.66	$0.52	$1.15	$0.59	$0.59	$0.55	$2.14	$0.00
Adjusted Weighted Average Basic Shares Outstanding	141.07M	142.17M	142.64M	124.46M	124.44M	127.78M	127.58M	128.58M	128.55M	128.61M	0.00
Adjusted Diluted Earnings per Share	$0.67	$0.94	$0.57	$0.58	$0.46	$0.99	$0.52	$0.52	$0.48	$1.89	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	141.07M	142.17M	142.64M	124.46M	124.44M	127.78M	127.58M	128.58M	128.55M	128.61M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	141.07M	142.17M	142.64M	124.46M	124.44M	127.78M	127.58M	128.58M	128.55M	128.61M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	122	174	108	107	93	80	119	119	107	136	106
Normalized NOPAT Margin	10.62%	14.83%	10.23%	9.76%	8.87%	7.49%	11.56%	11.38%	10.33%	13.42%	10.24%
Pre Tax Income Margin	10.62%	14.92%	10.93%	10.13%	8.18%	0.76%	9.65%	9.29%	8.76%	27.51%	6.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.28	4.47	5.10	4.45	4.21	1.35	5.16	5.08	5.08	21.14	4.24
NOPAT to Interest Expense	5.28	3.36	3.83	3.43	3.47	87.11	5.00	4.86	4.81	9.81	5.20
EBIT Less CapEx to Interest Expense	3.97	3.87	2.92	2.73	1.77	-0.96	3.38	3.31	2.41	19.06	2.07
NOPAT Less CapEx to Interest Expense	2.97	2.76	1.65	1.71	1.04	84.80	3.22	3.09	2.14	7.73	3.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	4.18%	0.00%	0.00%	0.00%	3.78%	0.00%	0.00%	0.00%	10.03%	0.00%
Augmented Payout Ratio	50.77%	78.91%	62.98%	63.03%	61.82%	26.55%	18.49%	13.70%	18.31%	52.96%	0.00%

Frequently Asked Questions About ATI's Financials

When does ATI's financial year end?

According to the most recent income statement we have on file, ATI's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has ATI's net income changed over the last 9 years?

ATI's net income appears to be on a downward trend, with a most recent value of $382.70 million in 2024, falling from -$365.90 million in 2015. The previous period was $423.40 million in 2023. See where experts think ATI is headed by visiting ATI's forecast page.

What is ATI's operating income?

ATI's total operating income in 2024 was $608.90 million, based on the following breakdown:

Total Gross Profit: $898.20 million
Total Operating Expenses: $289.30 million

How has ATI revenue changed over the last 9 years?

Over the last 9 years, ATI's total revenue changed from $3.72 billion in 2015 to $4.36 billion in 2024, a change of 17.3%.

How much debt does ATI have?

ATI's total liabilities were at $3.28 billion at the end of 2024, a 6.5% decrease from 2023, and a 7.9% decrease since 2015.

How much cash does ATI have?

In the past 9 years, ATI's cash and equivalents has ranged from $141.60 million in 2017 to $743.90 million in 2023, and is currently $721.20 million as of their latest financial filing in 2024.

How has ATI's book value per share changed over the last 9 years?

Over the last 9 years, ATI's book value per share changed from 19.07 in 2015 to 12.97 in 2024, a change of -32.0%.

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This page (NYSE:ATI) was last updated on 5/20/2025 by MarketBeat.com Staff

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ATI (ATI) Financials

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ATI (ATI) Financials

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