ATI
IndustrialsATI Inc. · Manufacturing - Metal Fabrication · $22B
What is ATI Inc.?
ATI Inc. is a global manufacturer of specialty materials and precision components, serving some of the most demanding industries on earth. Headquartered in Dallas, Texas, the company supplies advanced alloys and engineered parts to aerospace, defense, medical, and energy customers worldwide.
ATI operates through two segments. The High Performance Materials & Components segment produces titanium alloys, nickel and cobalt superalloys, and precision forgings for aerospace, defense, and medical applications. The Advanced Alloys & Solutions segment manufactures zirconium, hafnium, niobium, and nickel-based alloys in plate, sheet, and strip forms, serving energy, automotive, and electronics markets. Revenue is generated by selling specialty materials and providing hot-rolling conversion services to industrial customers globally.
ATI Inc. was founded in 1999 and is headquartered in Dallas, Texas.
- Titanium and titanium-based alloys in multiple product forms
- Nickel and cobalt superalloys for aerospace and defense
- Precision forgings and machined components
- Zirconium, hafnium, and niobium specialty alloys
- Hot-rolling conversion services including carbon steel products
Is ATI a Good Stock to Buy?
UQS Score rates ATI as Good overall, reflecting a balanced profile with meaningful strengths and a few areas to watch.
The Quality and Growth pillars both register as Good, suggesting ATI generates reliable earnings and is expanding its business at a pace that stands out within the industrials sector. The company's focus on high-specification aerospace and defense materials positions it in markets with durable demand.
The Valuation pillar is rated Elevated, meaning the market may already be pricing in a favorable outlook — leaving less margin of safety for new investors. The Moat and Risk pillars both sit at Neutral, indicating moderate competitive durability and manageable but present business risks.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ATI pay dividends?
No — ATI Inc. does not currently pay a dividend.
ATI does not currently pay a dividend. For a specialty materials manufacturer investing heavily in advanced alloys and aerospace-grade components, retaining capital to fund production capacity and R&D is a common strategic choice. Investors seeking income should factor this into their portfolio planning, while growth-oriented investors may view reinvestment as a positive signal.
When does ATI report earnings?
ATI Inc. reports earnings on a quarterly cadence, typical for US-listed equities.
ATI's results have reflected the ongoing recovery and expansion in commercial aerospace, where demand for specialty titanium and superalloy components has been robust. Segment performance across both HPMC and AA&S tends to track aerospace build rates and energy market activity closely.
For the most recent quarter's results, visit ATI Inc.'s investor relations page directly.
ATI Price History
+549.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in ATI Inc.?
Based on ATI Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ATI Long-term Outlook
ATI's Good Growth pillar suggests the company is on a trajectory of expanding revenues and earnings, driven by long-cycle aerospace and defense contracts. However, the Elevated Valuation pillar indicates that much of this optimism may already be reflected in the current share price. The Neutral Risk pillar points to manageable but real exposure to raw material costs and end-market cyclicality. Investors should weigh the quality of ATI's growth against the price they are paying to access it.
Growth drivers
- Rising commercial aerospace production rates driving demand for titanium and superalloy components
- Defense spending increases supporting long-term HPMC segment contracts
- Energy transition creating new demand for specialty zirconium and nickel alloys
Key risks
- Elevated valuation leaving limited buffer if growth disappoints
- Raw material cost volatility affecting specialty alloy margins
- Cyclical exposure to aerospace build rates and energy market swings
ATI vs Peers
ATI competes in the specialty materials and engineered alloys space alongside several focused industrial manufacturers.
Carpenter Technology focuses on premium specialty alloys and stainless steels, with a particularly strong presence in aerospace and medical markets similar to ATI's HPMC segment.
Mueller Industries operates across copper and brass products, giving it a different materials mix and end-market exposure compared to ATI's titanium and nickel-alloy focus.
ESAB specializes in welding and cutting technologies, serving overlapping industrial end markets but through consumables and equipment rather than specialty alloy materials.
Frequently Asked Questions
What does ATI Inc. do?
ATI Inc. manufactures specialty materials and precision components for demanding industries. Its two segments produce titanium alloys, nickel and cobalt superalloys, zirconium-based materials, and precision forgings, serving aerospace, defense, medical, energy, and electronics customers worldwide.
Does ATI pay dividends?
ATI does not currently pay a dividend. The company reinvests capital into its specialty materials manufacturing capabilities and product development rather than distributing cash to shareholders. Investors focused on income may prefer to look elsewhere.
When does ATI report earnings?
ATI Inc. reports financial results on a quarterly basis, consistent with standard US-listed company practice. For the exact timing of upcoming earnings releases, check ATI's investor relations page for the most current schedule.
Is ATI a good stock to buy?
ATI earns a Good overall UQS Score, with Good ratings on both Quality and Growth pillars. However, the Valuation pillar is rated Elevated, which means investors may be paying a premium for the company's prospects. The full pillar breakdown is available to UQS Pro members.
Is ATI overvalued?
ATI's Valuation pillar is rated Elevated within the UQS framework, suggesting the stock is priced above what a conservative value investor might consider a margin-of-safety entry point. Whether that premium is justified depends on how ATI's growth trajectory unfolds. View the complete valuation analysis with a Pro account.
How does ATI compare to its competitors?
ATI's closest peer in specialty alloys is Carpenter Technology, which targets similar aerospace and medical markets. Mueller Industries and ESAB serve overlapping industrial customers but through different materials and product categories. ATI's differentiation lies in its titanium and superalloy depth for high-specification aerospace applications.
What is ATI's market cap bracket?
ATI Inc. is classified as a large-cap company, placing it among the more established and liquid names in the specialty materials segment of the industrials sector.
Who founded ATI Inc.?
ATI Inc., formerly known as Allegheny Technologies Incorporated, was founded in 1999. Detailed founding history and leadership background are widely available through the company's official investor relations materials and public filings.
Is ATI a long-term quality stock?
As a long-term quality indicator, ATI's Good UQS Score reflects a company with meaningful strengths in earnings quality and growth, tempered by a Neutral moat and an Elevated valuation. Long-term investors should consider whether the current price adequately compensates for those factors over a multi-year horizon.
What is ATI's main competitive advantage?
ATI's competitive edge lies in its deep expertise in producing high-specification titanium, nickel, and cobalt alloys that meet the stringent requirements of aerospace and defense customers. These materials require significant technical know-how and certified manufacturing processes, creating barriers for less specialized competitors.
What sector does ATI belong to?
ATI Inc. operates in the Industrials sector, specifically within specialty materials and engineered components manufacturing. Its end markets span aerospace and defense, medical devices, energy infrastructure, automotive, and electronics.
Is ATI a growth stock or value stock?
Based on UQS pillar labels, ATI leans toward a growth profile — the Growth pillar is rated Good, while the Valuation pillar is Elevated, meaning the market is pricing in continued expansion. It does not fit a traditional value stock profile at current levels.
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Pro Analysis
ATI — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 54.2 | 63.9 | 43.0 | 66.5 | 59.7 | 34.9 | -0.1 |
| May 22, 2026 | 54.3 | 63.9 | 43.0 | 66.5 | 59.7 | 35.1 | 0.0 |
| May 21, 2026 | 54.3 | 63.9 | 43.0 | 66.5 | 59.7 | 35.5 | -0.1 |
| May 19, 2026 | 54.4 | 63.9 | 43.0 | 66.5 | 59.7 | 35.8 | +0.1 |
| May 18, 2026 | 54.3 | 63.9 | 43.0 | 66.5 | 59.7 | 35.5 | 0.0 |
| May 17, 2026 | 54.3 | 63.9 | 43.0 | 66.7 | 59.7 | 35.4 | +0.1 |
| May 16, 2026 | 54.2 | 63.6 | 43.0 | 66.7 | 59.7 | 35.4 | 0.0 |
| May 15, 2026 | 54.2 | 63.6 | 43.0 | 66.7 | 59.7 | 34.8 | +0.1 |
| May 14, 2026 | 54.1 | 63.6 | 43.0 | 66.7 | 59.7 | 34.7 | -0.1 |
| May 12, 2026 | 54.2 | 63.8 | 43.0 | 66.7 | 59.7 | 34.9 | -0.1 |
ATI — Pillar Breakdown
Quality
— 63.9/100 (25%)ATI Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 66.5/100 (20%)ATI Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 59.7/100 (15%)ATI Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 34.9/100 (15%)ATI Inc. appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 43/100 (25%)ATI Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ATI.
Score Composition
Financial Data
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How is the ATI UQS Score Calculated?
The UQS (Unified Quality Score) for ATI Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses ATI Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether ATI Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.