# ATI Inc. (ATI) — Stock CV

ATI Inc. is a $26.1B industrial company. Revenue grew 4.6% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~2.5 years of free cash flow. It trades at 54.9× earnings — around the middle of its own history.

> ATI Inc supplies specialty metals to various end markets, including aerospace and defense, oil and gas, automotive, and electrical energy, among many others. The company's operating segment includes High-Performance Materials and Components and Advanced Alloys and Solutions.

## Identity

- **Ticker**: ATI
- **Sector**: Industrials
- **Industry**: Steel Pipe & Tubes
- **Headquarters**: DALLAS, TX
- **Employees**: 7 600
- **Website**: https://www.atimaterials.com
- **Market cap**: $26.1B
- **Last price**: $191.84
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $4.72B
- **Net income**: $476M
- **Free cash flow**: $526M
- **Net debt**: $1.33B
- **P/E**: 54.9
- **Revenue growth (YoY)**: 4.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 27 |
| Growth | 45 |
| Profitability | 77 |
| Health | 80 |
| Quality | 87 |
| Moat | 16 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +4.6% YoY
- [x] Profitable — $476M TTM
- [x] Profit growing — +48.8% YoY
- [x] Generates cash — $526M TTM
- [x] Debt under control — ~2.5y of cash flow to repay
- [x] Established company — $26.1B market cap
- [ ] Not printing shares — +12.1% shares over ~5y
- [x] Proven track record — 6/10 profitable years
- [x] Financially stable — Altman Z 5.4 — safe
- [ ] Valuation not extreme — P/E 54.9

## Experience (career milestones)

- **FY2023** — Best year on record: $411M net income
- **FY2018** — Turned profitable: $222M net income after a loss year
- **FY2016** — Revenue already above $1B: $3.13B in first reported year
- **1925** — Established in 1925 to serve as a national center for depositing and distributing microbiological specimens, ATCC…

## Strengths

- Interest covered 6.3× by operating earnings
- Piotroski F-Score 9/9 — fundamentally strong checklist
- Altman Z-Score 5.40 — low bankruptcy-risk zone

## Watch-outs

- Loss-making in 4 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.80B | -$38.2M | -$137M |
| FY2022 | $3.84B | $131M | $94.0M |
| FY2023 | $4.17B | $411M | -$115M |
| FY2024 | $4.36B | $368M | $168M |
| FY2025 | $4.59B | $404M | $334M |

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Source: https://stockcv.com/ATI — derived from company filings; may be delayed or incomplete. Information, not investment advice.