ATI (ATI) Financials

$47.23 -0.40 (-0.84%)

Closing price 03:59 PM Eastern

Extended Trading

$47.28 +0.05 (+0.11%)

As of 07:44 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-378	-641	-92	222	253	-1,573	185	324	411	368
Consolidated Net Income / (Loss)	-366	-627	-80	237	265	-1,560	207	339	423	383
Net Income / (Loss) Continuing Operations	-366	-627	-80	237	265	-1,560	207	339	423	383
Total Pre-Tax Income	-478	-734	-87	248	237	-1,482	233	355	295	486
Total Operating Income	-369	-542	135	362	366	-1,303	118	316	466	609
Total Gross Profit	60	223	497	630	638	293	333	714	803	898
Total Revenue	3,720	3,135	3,525	4,047	4,123	2,982	2,800	3,836	4,174	4,362
Operating Revenue	3,720	3,135	3,525	4,047	4,123	2,982	2,800	3,836	4,174	4,362
Total Cost of Revenue	3,659	2,912	3,028	3,416	3,485	2,689	2,467	3,122	3,371	3,464
Operating Cost of Revenue	3,659	2,912	3,028	3,416	3,485	2,689	2,467	3,122	3,371	3,464
Total Operating Expenses	430	765	362	268	272	1,596	216	398	336	289
Selling, General & Admin Expense	239	241	248	268	267	201	227	298	328	342
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	-	0.40	-57
Restructuring Charge	64	524	0.00	0.00	4.50	1,108	-11	-4.80	7.70	4.10
Total Other Income / (Expense), net	-109	-192	-221	-114	-130	-179	116	39	-171	-123
Interest Expense	110	124	171	135	121	116	162	87	93	137
Other Income / (Expense), net	1.60	-68	-50	21	-9.20	-63	278	126	-78	14
Income Tax Expense	-112	-107	-6.80	11	-29	78	27	16	-128	103
Net Income / (Loss) Attributable to Noncontrolling Interest	12	14	12	14	13	13	22	16	13	15
Basic Earnings per Share	($3.53)	($5.97)	($0.83)	$1.78	$2.01	($12.43)	$1.45	$2.54	$3.21	$2.82
Weighted Average Basic Shares Outstanding	107.30M	107.30M	110.10M	125.20M	126.09M	126.83M	127.45M	128.61M	127.78M	142.17M
Diluted Earnings per Share	($3.53)	($5.97)	($0.83)	$1.61	$1.81	($12.43)	$1.32	$2.23	$2.81	$2.55
Weighted Average Diluted Shares Outstanding	107.30M	107.30M	110.10M	125.20M	126.09M	126.83M	127.45M	128.61M	127.78M	142.17M
Weighted Average Basic & Diluted Shares Outstanding	107.30M	107.30M	110.10M	125.20M	126.09M	126.83M	127.45M	128.61M	127.78M	142.17M

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	55	255	-388	71	166	311	-350	31	-19	315
Net Cash From Operating Activities	123	324	-285	68	-114	417	-99	101	24	381
Net Cash From Continuing Operating Activities	123	324	-285	68	-114	417	-99	101	4.80	398
Net Income / (Loss) Continuing Operations	64	274	87	94	94	149	68	86	87	142
Consolidated Net Income / (Loss)	64	274	87	94	94	149	68	86	87	142
Depreciation Expense	36	36	35	36	36	40	36	38	39	39
Non-Cash Adjustments To Reconcile Net Income	5.60	-74	-43	7.60	-214	10	6.20	8.90	-14	-38
Changes in Operating Assets and Liabilities, net	17	89	-364	-69	-30	218	-209	-31	-107	255
Net Cash From Investing Activities	-45	-26	-59	-42	-42	-50	-64	-53	-61	19
Net Cash From Continuing Investing Activities	-45	-26	-59	-42	-42	-50	-64	-53	-61	19
Purchase of Property, Plant & Equipment	-46	-30	-60	-43	-44	-53	-66	-60	-66	-47
Sale of Property, Plant & Equipment	0.50	1.60	0.90	0.70	1.70	0.50	1.00	4.90	4.70	17
Divestitures	-	3.10	-	-	-	-	-	-	-	48
Other Investing Activities, net	-0.10	-	0.20	1.00	-0.10	2.90	1.00	2.00	-	0.90
Net Cash From Financing Activities	-23	-44	-43	44	322	-56	-187	-7.00	28	-94
Net Cash From Continuing Financing Activities	-23	-44	-43	44	322	-56	-187	-7.00	28	-94
Repayment of Debt	-21	3.90	-23	11	-24	-10	-12	-2.10	-13	-7.50
Repurchase of Common Equity	-15	-35	-21	-0.10	-45	-30	-175	-	-40	-71

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

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

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

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

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

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

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.

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 4/15/2025 by MarketBeat.com Staff

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ATI (ATI) Financials

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ATI (ATI) Financials

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