Pulling SEC filings + quote and writing the call…

ATI INC
Next earnings Jul 29, 2026 (before open) · consensus $1.03 EPS, $1.23B rev
Last earnings +6.3% on 2026-04-30
Genuinely improving aero-driven specialty-metals story, but a 70x P/E on a cyclical leaves little room for error.
Sources: SEC EDGAR (CIK 0001018963, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/21/2026, 7:05:19 PM.
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Middling fundamentals and a rich price (~69% above fair value) leave little margin of safety — a wait-and-see.
ATI is executing well on the commercial aerospace and defense upcycle. FY2025 revenue rose 5.2% to $4.59B — its highest since 2012 — with aerospace & defense now ~68% of sales and growing 14% YoY, defense alone +24% in HPMC. The quality of earnings improved across the board: gross margin expanded 140bps to 22.0%, operating income reached $641M, net income grew 9.9% to $404M, diluted EPS rose 11.8% to $2.85, and ROE is a healthy 22.4%. Critically, operating cash flow jumped ~51% to $614M as management attacked working-capital intensity, funding both $281M of capex and $470M of buybacks (6.4M shares, ~3.7% of the count retired) while still repaying $150M of debt. Retained earnings turned firmly positive and the balance sheet is sound (liabilities/equity 1.76x, current debt cut 82.8%).
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.80B | $2.80B | $4.17B | $4.36B | $4.59B |
| Gross profit | $333M | $333M | $803M | $898M | $1.01B |
| Operating income | $118M | $118M | $466M | $609M | $641M |
| Net income | -$38.2M | $185M | $411M | $368M | $404M |
| Diluted EPS | -$0.30 | $1.32 | $2.81 | $2.55 | $2.85 |
| Net margin | -1.4% | 6.6% | 9.8% | 8.4% | 8.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1078 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 0 open-market buys · 9 sales
| 2026-06-24 | Fields Kimberly A Chair, President and CEO | Sell | 3.78K @ $197.21 | $746K |
| 2026-06-23 | Fields Kimberly A Chair, President and CEO | Sell | 3.64K @ $197.48 | $719K |
| 2026-06-22 | Fields Kimberly A Chair, President and CEO | Sell | 13.3K @ $202.48 | $2.69M |
| 2026-06-02 | Fields Kimberly A Chair, President and CEO | Sell | 25.8K @ $177.97 | $4.60M |
| 2026-06-02 | Fields Kimberly A Chair, President and CEO | Sell | 13.9K @ $179.05 | $2.48M |
| 2026-06-02 | Fields Kimberly A Chair, President and CEO | Sell | 13.2K @ $179.71 | $2.37M |
| 2026-06-02 | Fields Kimberly A Chair, President and CEO | Sell | 1.90K @ $180.80 | $343K |
| 2026-06-02 | Fields Kimberly A Chair, President and CEO | Sell | 2.00K @ $181.90 | $364K |
| 2026-06-02 | Fields Kimberly A Chair, President and CEO | Sell | 3.00K @ $182.75 | $548K |
| 2026-05-19 | Sharma Ruby Director | Award | 905.00 | |
| 2026-05-19 | Morehouse David J Director | Award | 1.74K | |
| 2026-05-19 | Lydon-Rodgers Jean Director | Award | 905.00 |