ATI

ATI INC

Ticker: ATIMaterialsPrimary Metals
HQ DALLAS, TXCIK 1018963FY end 12-28Book / share $13.55Shares 139M
Revenue (FY)
$4.59B+5.16%
TTM $4.72B
Op. margin
13.97%+0.01%
TTM 15.20%
Net income
$418.60M+9.38%
TTM $488.90M
Operating cash
$614.30M+50.86%
TTM $805.30M
Free cash flow
$333.70M+98.51%
TTM $526.30M
Return on equity
24.57%+4.70%
TTM 25.35%
Debt / equity
0.97-0.05%
TTM 1.17
Shares outstanding
141.8M-1.69%
TTM 138.5M

The business

ATI Inc. (NYSE: ATI) operates as a global specialty materials manufacturer headquartered in Dallas, Texas, with its corporate website at www.atimaterials.com. The company produces advanced specialty materials and components designed to solve complex engineering challenges across demanding applications and extreme environments.

ATI operates through two primary business segments: High Performance Materials & Components (HPMC), which accounts for 53% of revenues, and Advanced Alloys & Solutions (AA&S), representing 47% of revenues. HPMC manufactures high-performance specialty materials, precision forgings, machined components, and advanced metallic powder alloys from nickel-based superalloys, titanium alloys, and other specialty materials. This segment derives approximately 92% of its revenue from aerospace and defense markets, with nearly 68% specifically from commercial jet engine applications. AA&S produces nickel-based alloys, titanium alloys, and specialty alloys in plate, sheet, and strip forms, serving aerospace and defense markets alongside specialty energy, conventional energy, electronics, and industrial applications.

The company generated total revenues of $4.6 billion in fiscal year 2025. Aerospace and defense represents the largest end market, accounting for approximately 68% of total sales, followed by specialty energy and conventional energy markets. ATI maintains a global workforce of approximately 7,600 active employees, with 15% located outside the United States across 15 countries. The company operates manufacturing facilities in the United States and internationally, including precision forging and machining capabilities in Poland and a joint venture in China for specialty rolled products.

ATI maintains long-term supply agreements with major aerospace original equipment manufacturers including Boeing, Airbus, Embraer, GE Aerospace, Rolls-Royce, Pratt & Whitney, and Safran Aircraft Engines. The company's backlog of confirmed orders totaled approximately $3.7 billion at fiscal year-end 2025. ATI's competitive advantages derive from its materials science expertise, advanced process technologies, integrated manufacturing capabilities spanning melting through finished components, and proprietary alloy formulations. The company holds hundreds of U.S. patents and maintains valuable intellectual property in specialty alloy development and advanced manufacturing processes. Approximately 35% of ATI's workforce is covered by collective bargaining agreements, predominantly with the United Steel Workers union.

Sector
Materials
Industry
Primary Metals
HQ
DALLAS, TX
FY end
12-28
CIK
1018963
SIC
3317
Financial performance · annual
20132025
$-2.19B$-304.64M$1.58B$3.46B$5.34B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds ATI INC — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-06-30

485
funds hold it
1 of 35
superinvestors hold it
$10.20B
fund-held value
50.7%
of shares held by funds
4
bond issues held by funds

Top fund holders

Fund% of fundValue
Growth Fund of America
AGTHX
0.36%$1.19B
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.62%$654.31M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%$632.27M
SMALLCAP World Fund Inc
SMCWX
0.77%$623.91M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.28%$459.28M

Superinvestors in ATI INC

Polen CapitalNEW
Polen Capital Management
1.4%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 4 issues of ATI INC's debt, $607.05M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 6.10%, maturing 20272031.

IssueCouponMaturesFundsFund-held
ATI Inc7.250%2030-08-15131$251.41M
ATI INC 5.125000% 10/01/20315.125%2031-10-0190$123.50M
ATI 4.875 10/01/294.875%2029-10-0192$117.77M
ATI Inc5.875%2027-12-0173$114.38M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of ATI INC's financials

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