ATI
$192.42+0.67%
as of close, Oct 2, 2026
☾ AH $192.42 +0.67%
ATI financial statements
The full income statement, balance sheet, and cash-flow statement for ATI Inc. (ATI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 124.5M2024-09 142.6M2024-12 142.2M2025-03 141.1M2025-06 137.8M2025-09 135.9M2025-12 136.9M2026-03 136.5M2026-06 136.2M+9.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofDec 31 ’20 | |
| Revenue | 4.59B+5.2% | 4.36B+4.5% | 4.17B+8.8% | 3.84B+37.0% | 2.80B-6.1% | 2.98B-27.7% | |
| 1.01B+12.1% | 898M+11.9% | 803M+12.4% | 714M+114.3% | 333M+13.8% | 293M-54.1% | ||
| Cost of revenue | 3.58B+3.4% | 3.46B+2.8% | 3.37B+8.0% | 3.12B+26.6% | 2.47B-8.3% | 2.69B-22.8% | |
| Research & development | 21.3M+8.7% | 19.6M-5.3% | 20.7M+27.0% | 16.3M-1.2% | 16.5M+17.0% | 14.1M-20.8% | |
| Selling, general & administrative | 365M+6.7% | 342M+4.3% | 328M+10.3% | 298M+31.1% | 227M+12.9% | 201M-24.8% | |
| Restructuring | 48.8M+120.8% | 22.1M-29.6% | 31.4M | — | — | — | |
| Amortization of intangibles | 7.00M+0.0% | 7.00M+0.0% | 7.00M-12.5% | 8.00M+0.0% | 8.00M+0.0% | 8.00M-20.0% | |
| Provision for credit losses | 1.90M-84.6% | 12.3M+12200.0% | 100K-97.8% | 4.60M+1433.3% | 300K+50.0% | 200K+0.0% | |
| Operating income | 641M+5.3% | 609M+30.6% | 466M+47.5% | 316M+168.8% | 118M+109.0% | -1.30B-455.6% | |
| Interest expense | 111M+2.3% | 108M+16.6% | 92.8M+6.2% | 87.4M-10.5% | 97.6M+1.6% | 96.1M-8.4% | |
| Interest & investment income | 12.1M-24.4% | 16.0M+23.1% | 13.0M+176.6% | 4.70M+571.4% | 700K-58.8% | 1.70M-71.2% | |
| Other non-operating income | 14.6M+1.4% | 14.4M+1007.7% | 1.30M+110.4% | -12.5M-168.7% | 18.2M+1616.7% | -1.20M-101.9% | |
| Equity-method income | — | -1.00M+37.5% | -1.60M-112.7% | 12.6M+12500.0% | 100K+101.4% | -7.00M+34.6% | |
| Pre-tax income | 522M+7.4% | 486M+64.7% | 295M-16.8% | 355M+51.9% | 233M+115.8% | -1.48B-726.6% | |
| Income tax | 104M+0.3% | 103M+180.7% | -128M-927.1% | 15.5M-42.2% | 26.8M-65.5% | 77.7M+372.6% | |
| 404M+9.9% | 368M-10.5% | 411M+27.0% | 324M+75.2% | 185M+111.7% | -1.57B-722.8% | ||
| Income from continuing operations | — | 368M-10.5% | 411M+213.8% | 131M+442.7% | -38.2M+97.6% | -1.57B-722.8% | |
| Net income to non-controlling interest | 14.3M-4.0% | 14.9M+18.3% | 12.6M-19.2% | 15.6M-29.1% | 22.0M+69.2% | 13.0M+4.0% | |
| $2.85+11.8% | $2.55-9.3% | $2.81+192.7% | $0.96+420.0% | -$0.30+97.6% | -$12.43-786.7% | ||
| EPS (basic) | $2.92+3.5% | $2.82-12.1% | $3.21+211.7% | $1.03+443.3% | -$0.30+97.6% | -$12.43-718.4% | |
| Weighted-avg shares (basic) | 139M+6.3% | 130M+1.8% | 128M+0.5% | 128M+0.3% | 127M+0.5% | 127M+0.6% | |
| Weighted-avg shares (diluted) | 142M-3.3% | 147M-2.3% | 150M-0.8% | 151M+19.0% | 127M+0.5% | 127M-13.7% | |
| Balance Sheet | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofDec 31 ’20 | |
| 2.68B-9.0% | 2.94B+7.6% | 2.74B+10.6% | 2.48B+7.4% | 2.31B+11.7% | 2.07B-10.3% | ||
| Cash & equivalents | 417M-42.2% | 721M-3.1% | 744M+27.4% | 584M-15.1% | 688M+6.5% | 646M+31.6% | |
| Accounts receivable | 686M-3.3% | 709M+13.5% | 625M+7.9% | 579M+23.2% | 470M+35.9% | 346M-37.6% | |
| Inventory | 1.40B+3.7% | 1.35B+8.5% | 1.25B+4.3% | 1.20B+14.3% | 1.05B+4.9% | 997M-13.7% | |
| Other current assets | 101M+17.7% | 86.0M+38.3% | 62.2M+16.5% | 53.4M+9.4% | 48.8M+27.4% | 38.3M-40.4% | |
| 5.10B-2.5% | 5.23B+4.9% | 4.99B+12.1% | 4.45B+3.7% | 4.29B+6.2% | 4.03B-28.4% | ||
| Property, plant & equipment | 1.94B+9.2% | 1.78B+6.7% | 1.67B+7.5% | 1.55B+1.3% | 1.53B+4.0% | 1.47B-40.0% | |
| Goodwill | 225M-0.9% | 227M+0.0% | 227M+0.0% | 227M-0.3% | 228M-5.3% | 241M-54.2% | |
| Other non-current assets | 254M-9.8% | 282M-20.5% | 354M+83.7% | 193M-13.1% | 222M-14.2% | 259M-27.2% | |
| 1.01B-16.7% | 1.21B+23.7% | 977M+1.4% | 964M+12.6% | 856M+31.1% | 653M-23.1% | ||
| Accounts payable | 568M-6.7% | 609M+16.1% | 525M-5.2% | 553M+47.4% | 376M+29.2% | 291M-44.2% | |
| Accrued liabilities | 241M-3.6% | 250M-2.8% | 257M+16.8% | 220M-5.8% | 233M+0.1% | 233M-2.0% | |
| Deferred revenue | 146M-13.6% | 169M+3.5% | 164M+9.7% | 149M+28.3% | 116M+3.9% | 112M+42.1% | |
| Short-term & current debt | 31.1M-82.8% | 180M+465.5% | 31.9M-23.5% | 41.7M-68.2% | 131M+637.6% | 17.8M+54.8% | |
| Other current liabilities | 20.1M-91.9% | 250M-2.8% | 257M+16.8% | 220M-5.8% | 233M+0.1% | 233M-2.0% | |
| 3.18B-2.8% | 3.28B-6.5% | 3.50B+6.6% | 3.29B-4.8% | 3.45B+1.7% | 3.39B-1.4% | ||
| Long-term debt | 1.72B+0.2% | 1.71B-20.2% | 2.15B+25.9% | 1.71B-0.3% | 1.71B+10.4% | 1.55B+11.7% | |
| Deferred revenue (non-current) | 91.3M+101.5% | 45.3M+15.0% | 39.4M-41.0% | 66.8M-20.9% | 84.4M+163.8% | 32.0M+23.6% | |
| Operating lease liability (total) | 89.0M+30.3% | 68.3M-0.6% | 68.7M+24.5% | 55.2M+1.5% | 54.4M-19.9% | 67.9M-12.6% | |
| Finance lease liability (total) | 110M+1.3% | 109M+6.7% | 102M+29.7% | 78.8M-6.9% | 84.6M+82.3% | 46.4M+220.0% | |
| Other non-current liabilities | 258M+71.7% | 151M-8.7% | 165M-20.6% | 208M-1.6% | 211M+11.1% | 190M+18.1% | |
| 1.80B-2.5% | 1.85B+34.8% | 1.37B+31.3% | 1.05B+52.6% | 686M+31.6% | 521M-75.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 14.3M+0.0% | 14.3M+8.3% | 13.2M+0.8% | 13.1M+3.1% | 12.7M+0.0% | 12.7M+0.0% | |
| Additional paid-in capital | 1.88B-3.1% | 1.94B+14.5% | 1.70B+1.7% | 1.67B+4.5% | 1.60B-1.8% | 1.63B+0.5% | |
| Retained earnings | 469M+628.9% | 64.3M+191.7% | -70.1M+85.4% | -481M+38.2% | -778M-830.2% | 107M-93.7% | |
| Treasury stock | 503M+508.6% | 82.6M-55.1% | 184M+111.5% | 87.0M+1712.5% | 4.80M | 0.00-100.0% | |
| Accumulated other comprehensive income | -60.4M+32.5% | -89.5M-7.6% | -83.2M-23.4% | -67.4M+52.3% | -141M+88.5% | -1.22B-1.8% | |
| Non-controlling interest | 112M+7.1% | 105M-2.5% | 108M-3.4% | 111M-24.3% | 147M+22.3% | 120M+16.7% | |
| Total equity incl. non-controlling | 1.92B-2.0% | 1.96B+32.1% | 1.48B+27.9% | 1.16B+39.0% | 833M+29.8% | 641M-70.8% | |
| Total liabilities & equity | 5.10B-2.5% | 5.23B+4.9% | 4.99B+12.1% | 4.45B+3.7% | 4.29B+6.2% | 4.03B-28.4% | |
| Common shares issued | 143M+0.0% | 143M+8.0% | 132M+0.7% | 131M+3.1% | 127M+0.5% | 127M+0.1% | |
| Common shares outstanding | 136M-3.9% | 141M+11.4% | 127M-1.1% | 128M+0.8% | 127M+0.3% | 127M+0.6% | |
| Shares outstanding (cover) | 137M-3.7% | 142M+11.3% | 128M-0.6% | 129M+0.9% | 127M+0.5% | 127M+0.6% | |
| Cash Flow | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofDec 31 ’20 | |
| 614M+50.9% | 407M+374.0% | 85.9M-61.8% | 225M+1296.9% | 16.1M-90.4% | 167M-27.5% | ||
| Depreciation & amortization | 168M+11.0% | 152M+3.7% | 146M+2.2% | 143M-0.7% | 144M+0.4% | 143M-5.2% | |
| Intangible amortization | 7.00M+0.0% | 7.00M+0.0% | 7.00M-12.5% | 8.00M+0.0% | 8.00M+0.0% | 8.00M-20.0% | |
| Share-based compensation | 29.0M-15.0% | 34.1M+17.2% | 29.1M+11.9% | 26.0M+23.2% | 21.1M+627.6% | 2.90M | |
| Deferred income taxes | 59.8M-33.4% | 89.8M+164.4% | -140M-4259.4% | -3.20M-118.8% | 17.0M-76.2% | 71.5M+283.3% | |
| Change in receivables | -27.1M-131.9% | 85.0M+84.4% | 46.1M-64.1% | 129M+2.0% | 126M+160.5% | -208M-500.0% | |
| Change in inventory | 52.8M-55.4% | 119M+128.8% | 51.8M-72.9% | 191M+254.0% | 53.9M+134.1% | -158M-527.8% | |
| -235M-46.9% | -160M+17.4% | -193M-52.5% | -127M-63.9% | -77.3M+39.9% | -129M-257.5% | ||
| Capital expenditure | 281M+17.4% | 239M+19.1% | 201M+53.3% | 131M-14.2% | 153M+11.8% | 137M-18.8% | |
| Free cash flow | 334M+98.5% | 168M+246.4% | -115M-222.1% | 94.0M+168.9% | -137M-549.0% | 30.4M-50.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 11.1M-59.8% | 27.6M+626.3% | 3.80M+22.6% | 3.10M-85.1% | 20.8M+252.5% | 5.90M-93.6% | |
| Other investing activities | -8.20M-110.3% | -3.90M+2.5% | -4.00M-400.0% | -800K+42.9% | -1.40M+26.3% | -1.90M-1050.0% | |
| -700M-168.8% | -260M-197.5% | 267M+232.3% | -202M-296.0% | 103M-11.9% | 117M+157.6% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 425M | 0.00-100.0% | 676M+72.6% | 391M+11.8% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 470M+80.8% | 260M+205.2% | 85.2M-39.1% | 140M | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 15.6M+305.3% | -7.60M | 0.00 | 0.00 | — | — | |
| Net change in cash | -305M-1241.4% | -22.7M-114.2% | 160M+254.2% | -104M-348.1% | 41.8M-73.0% | 155M+42.6% | |
| Interest paid | 118M-10.4% | 131M+14.6% | 115M+23.6% | 92.8M-4.8% | 97.5M+2.2% | 95.4M-9.7% | |
| Income taxes paid | 76.7M+411.3% | 15.0M-5.1% | 15.8M-14.6% | 18.5M+36.0% | 13.6M+156.6% | 5.30M-10.2% | |
| Valuation Ratios | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofDec 31 ’20 | |
| Market cap | 15.9B+100.9% | 7.91B+36.3% | 5.80B+50.1% | 3.86B+90.3% | 2.03B-4.5% | 2.13B-18.4% | |
| P/E | 35.7×+70.0% | 21.0×+65.9% | 12.7×+6.0% | 11.9×+8.6% | 11.0× | — | |
| P/S | 3.5×+86.4% | 1.9×+32.1% | 1.4×+30.8% | 1.1×+48.4% | 0.7×+1.7% | 0.7×+12.9% | |
| P/B | 9.3×+110.8% | 4.4×-5.7% | 4.7×-1.4% | 4.8×+60.4% | 3.0×-27.4% | 4.1×+227.5% | |
| P/FCF | 35.8×-10.3% | 39.9× | — | 306.7× | — | 70.0×+66.3% | |
| Earnings yield | 2.8%-41.2% | 4.8%-39.7% | 7.9%-5.7% | 8.4%-7.9% | 9.1% | — | |
| FCF yield | 2.8%+11.5% | 2.5% | — | 0.33% | — | 1.4%-39.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ATI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ATI filings on SEC EDGAR → Not investment advice.