Allegheny Technologies Inc (ATI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.04	$1.23	+18.3%	—	—	—
Q2 26	$0.88	$1	+13.6%	—	—	—
Q1 26	$0.86	$0.93	+8.1%	—	—	—
Q4 25	$0.74	$0.85	+14.9%	—	—	—
Q3 25	$0.71	$0.74	+4.2%	—	—	—
Q2 25	$0.59	$0.72	+22.0%	—	—	—
Q1 25	$0.59	$0.79	+33.9%	—	—	—
Q4 24	$0.67	$0.6	-10.4%	—	—	—
Q3 24	$0.58	$0.6	+3.4%	—	—	—
Q2 24	$0.42	$0.48	+14.3%	—	—	—
Q1 24	$0.62	$0.64	+3.2%	—	—	—
Q4 23	$0.53	$0.55	+3.8%	—	—	—
Q3 23	$0.55	$0.59	+7.3%	—	—	—
Q2 23	$0.48	$0.49	+2.1%	—	—	—
Q1 23	$0.52	$0.53	+1.9%	—	—	—
Q4 22	$0.53	$0.53	0.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.92	—	—	$4.6B	—
FY24	—	$2.82	—	—	$4.4B	—
FY23	—	$3.21	—	—	$4.2B	—
FY22	—	$1.03	—	—	$3.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.1B	$3.5B	$4B	$4.1B	$3B	$2.8B	$3.8B	$4.2B	$4.4B	$4.6B
YoY change	-15.7%	+12.5%	+14.8%	+1.88%	-27.7%	-6.11%	+37%	+8.8%	+4.51%	+5.16%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.1B	3.5B	4B	4.1B	3B	2.8B	3.8B	4.2B	4.4B	4.6B
Cost of revenue	2.9B	3B	3.4B	3.5B	2.7B	2.5B	3.1B	3.4B	3.5B	3.6B
Gross profit	222.8M	497M	630.3M	638M	292.8M	333.2M	714.2M	802.6M	898.2M	1B
Gross margin	7.11%	14.1%	15.6%	15.5%	9.82%	11.9%	18.6%	19.2%	20.6%	22%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	240.8M	248M	268.2M	267.2M	201M	226.9M	297.5M	328.1M	342.3M	365.1M
Operating expenses	240.8M	248M	268.2M	267.2M	196.7M	226.9M	297.5M	328.1M	342.3M	365.1M
Operating income	-18M	249M	362.1M	370.8M	96.1M	106.3M	416.7M	474.5M	555.9M	641.9M
Operating margin	-0.57%	7.06%	8.95%	8.99%	3.22%	3.8%	10.9%	11.4%	12.7%	14%
Non-operating income, net	-592M	-201.7M	-13.4M	-35.3M	-1.5B	224M	25.3M	-86.5M	38.4M	-21M
Pretax income	-734M	-86.5M	247.7M	236.5M	-1.5B	233.4M	354.6M	295.2M	486.1M	522.3M
Income tax	-106.9M	-6.8M	11M	-28.5M	77.7M	26.8M	15.5M	-128.2M	103.4M	103.7M
Net income	-627.1M	-79.7M	236.7M	265M	-1.6B	206.6M	339.1M	423.4M	382.7M	418.6M
Net margin	-20%	-2.26%	5.85%	6.43%	-52.3%	7.38%	8.84%	10.1%	8.77%	9.12%
EBITDA	83.1M	359M	489M	446.4M	173M	512.4M	717.6M	554.9M	697.2M	791.6M
EPS	-5.97	-0.83	1.78	2.05	-12.4	-0.3	1.03	3.21	2.82	2.92
Diluted EPS	-5.97	-0.83	1.61	1.85	-12.4	-0.3	0.96	2.81	2.55	2.85

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1B	1.1B	1B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B
Cost of revenue	831M	858.3M	845.5M	867.9M	826.4M	924.1M	908.6M	897.9M	870.2M	903.7M	888.6M	951.3M
Gross profit	194.6M	205.7M	197.4M	227.4M	224.8M	248.6M	235.8M	242.5M	255.3M	273.4M	262.9M	309.8M
Gross margin	19%	19.3%	18.9%	20.8%	21.4%	21.2%	20.6%	21.3%	22.7%	23.2%	22.8%	24.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	69.8M	92.3M	85.7M	88.9M	82.4M	89M	85M	82.8M	94.6M	102.7M	92.1M	95.7M
Operating expenses	69.8M	92.3M	85.7M	88.9M	82.4M	89M	85M	82.8M	94.6M	102.7M	92.1M	95.7M
Operating income	124.8M	113.4M	111.7M	138.5M	142.4M	159.6M	150.8M	159.7M	160.7M	170.7M	170.8M	214.1M
Operating margin	12.2%	10.7%	10.7%	12.6%	13.5%	13.6%	13.2%	14%	14.3%	14.5%	14.8%	17%
Non-operating income, net	-2M	-34.2M	200K	800K	500K	40.6M	-6.3M	-1M	10M	-23.7M	-10.5M	2.7M
Pretax income	99M	51.4M	85.3M	110.9M	114.9M	175M	121.5M	133.3M	144.6M	122.9M	136.6M	192.9M
Income tax	4.9M	-141.1M	16.9M	25.3M	28.3M	32.9M	21M	29.3M	31M	22.4M	16.1M	38.6M
Net income	94.1M	192.5M	68.4M	85.6M	86.6M	142.1M	100.5M	104M	113.6M	100.5M	120.5M	154.3M
Net margin	9.18%	18.1%	6.56%	7.82%	8.24%	12.1%	8.78%	9.12%	10.1%	8.54%	10.5%	12.2%
EBITDA	158M	136.8M	148.1M	173.1M	177.9M	198.1M	189.2M	199M	201.1M	202.3M	212.3M	254.9M
EPS	0.7	1.15	0.52	0.66	0.64	0.97	0.68	0.72	0.8	0.71	0.86	1.11
Diluted EPS	0.62	0.99	0.46	0.58	0.57	0.94	0.67	0.7	0.78	0.69	0.85	1.09

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.7B	2.7B	—	2.6B	2.1B	2B	3.8B	5.8B	7.2B	15.9B	24.6B
Enterprise value	3.4B	4.1B	—	3.5B	3B	3.2B	5B	7.3B	8.4B	17.2B	26.8B
Shares outstanding	107.3M	110.1M	125.2M	125.8M	126.5M	127.1M	127.5M	128.1M	130.4M	138.6M	138.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	9.81	—	9.8	11.2	13.8	18.8	38	53
P/S	0.55	0.75	—	0.63	0.71	0.72	0.99	1.4	1.65	3.47	5.22
P/B	1.18	1.44	—	1.19	3.31	2.43	3.29	3.93	3.67	8.3	13.1
EV/EBITDA	40.4	11.3	—	7.86	17.6	6.21	6.93	13.1	12	21.8	29.2
EV/Sales	1.07	1.15	—	0.85	1.02	1.14	1.3	1.74	1.91	3.76	5.68
Earnings yield	—	—	—	10.2%	—	10.2%	8.91%	7.27%	5.33%	2.63%	1.89%
FCF yield	-14.4%	-3.77%	—	2.38%	1.43%	-6.74%	2.47%	-1.97%	2.34%	2.1%	1.41%
PEG	—	—	—	—	—	—	—	—	—	—	0.98

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	7.11%	14.1%	15.6%	15.5%	9.82%	11.9%	18.6%	19.2%	20.6%	22%	24.6%
Operating margin	-0.57%	7.06%	8.95%	8.99%	3.22%	3.8%	10.9%	11.4%	12.7%	14%	18.2%
Net margin	-20%	-2.26%	5.85%	6.43%	-52.3%	7.38%	8.84%	10.1%	8.77%	9.12%	10.1%
ROE	-43.4%	-4.32%	11.9%	12.1%	-243.2%	24.8%	29.3%	28.6%	19.6%	21.8%	25.4%
ROA	-12.1%	-1.54%	4.3%	4.7%	-38.7%	4.82%	7.63%	8.49%	7.32%	8.21%	8.79%
ROIC	-0.58%	7.68%	11%	12%	6.15%	4.73%	17.2%	16.3%	14%	15.8%	17.2%
Return on tangible assets	-16.1%	-1.93%	5.34%	5.78%	-46.2%	5.59%	8.62%	9.35%	8.01%	9%	9.24%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.49	2.69	2.68	2.71	3.16	2.69	2.57	2.8	2.44	2.66	2.33
Quick ratio	1.03	1.04	1.24	1.35	1.64	1.47	1.33	1.53	1.32	1.27	1.14
Debt / equity	1.3	0.84	0.77	0.64	2.44	2.21	1.51	1.47	0.97	0.91	1.1
Debt / assets	0.36	0.3	0.28	0.25	0.39	0.43	0.39	0.44	0.36	0.34	0.38
Net debt / EBITDA	19.8	3.9	2.37	2.03	5.33	2.25	1.62	2.59	1.68	1.68	1.62
Interest coverage	-4.92	0.35	3.43	3.25	-14.4	3.39	4.85	3.79	4.91	5.72	6.43
Effective tax rate	0%	0%	4.44%	0%	0%	11.5%	4.37%	0%	21.3%	19.9%	18.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	29.2	32	32.3	32.8	23.6	22	30.1	32.6	33.5	33.1	34.5
EPS (basic)	-5.97	-0.83	1.78	2.05	-12.4	-0.3	1.03	3.21	2.82	2.92	2.92
EPS (diluted)	-5.97	-0.83	1.61	1.85	-12.4	-0.3	0.96	2.81	2.55	2.85	3.41
Book value per share	13.5	16.8	15.9	17.4	5.07	6.55	9.08	11.6	15	13.8	13.8
FCF per share	-2.29	-0.91	2.03	0.49	0.24	-1.07	0.74	-0.9	1.29	2.41	3.81
Cash per share	2.14	1.29	3.05	3.9	5.11	5.41	4.58	5.81	5.53	3.01	5.75
Capex per share	1.86	1.09	1.09	0.61	1.03	1.04	1	1.54	1.62	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	6.38%	3.4%	3.37%	1.85%	4.38%	4.71%	3.33%	4.72%	4.85%	—	—
Capex / operating cash flow	-149.7%	-48.5%	34.9%	44.4%	-37.3%	-252%	95.2%	172%	38.9%	—	—
Payout ratio	-4.11%	0%	0%	—	—	—	—	—	—	—	0%
Dividend yield	1.51%	0%	—	—	—	—	—	—	—	—	0.18%

Yield

0.18%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.08

ex-dividend Aug 16, 2016

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 16, 2016	$0.08
May 25, 2016	$0.08
Mar 9, 2016	$0.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1B	$1.1B	$1B	$1.1B	$1.1B	$1.2B	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.3B
YoY change	-0.62%	+5.3%	+0.46%	+4.71%	+2.5%	+10.2%	+9.73%	+4.12%	+7.07%	+0.38%	+0.62%	+10.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	229.6M	141.6M	382M	490.8M	645.9M	687.7M	584M	743.9M	721.2M	416.7M
Receivables	452.1M	545.3M	527.8M	554.1M	345.8M	470M	579.2M	625M	709.2M	686.1M
Inventory	1B	1.2B	1.2B	1.2B	997.1M	1B	1.2B	1.2B	1.4B	1.4B
Total current assets	1.8B	1.9B	2.2B	2.3B	2.1B	2.3B	2.5B	2.7B	2.9B	2.7B
Property, plant & equipment	8.7B	8.8B	8.9B	9B	3.6B	3.8B	3.8B	973.2M	1B	1.2B
Goodwill & intangibles	1.3B	1.1B	1.1B	1.1B	657.2M	587.6M	512.9M	454.4M	454.4M	450.4M
Total assets	5.2B	5.2B	5.5B	5.6B	4B	4.3B	4.4B	5B	5.2B	5.1B
Accounts payable	294.3M	420.1M	498.8M	521.2M	290.6M	375.5M	553.3M	524.8M	609.1M	568.2M
Short-term debt	105.1M	10.1M	6.6M	11.5M	17.8M	131.3M	41.7M	31.9M	180.4M	31.1M
Total current liabilities	708.7M	712.6M	836.9M	849.2M	653.3M	856.4M	963.9M	977.1M	1.2B	1B
Long-term debt	1.8B	1.5B	1.5B	1.4B	1.6B	1.7B	1.7B	2.1B	1.7B	1.7B
Total liabilities	3.7B	3.3B	3.5B	3.4B	3.4B	3.5B	3.3B	3.5B	3.3B	3.2B
Shareholders' equity	1.4B	1.8B	2B	2.2B	641.4M	832.7M	1.2B	1.5B	2B	1.9B
Total debt	1.9B	1.5B	1.5B	1.4B	1.6B	1.8B	1.7B	2.2B	1.9B	1.7B
Net debt	1.6B	1.4B	1.2B	908.1M	921.9M	1.2B	1.2B	1.4B	1.2B	1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	432.9M	743.9M	394.4M	425.6M	406.6M	721.2M	475.8M	319.6M	372.2M	416.7M	401.7M	783M
Receivables	683M	625M	720.5M	719.8M	730.2M	709.2M	827M	787.9M	709.9M	686.1M	664.4M	646.6M
Inventory	1.4B	1.2B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.6B	1.7B
Total current assets	2.6B	2.7B	2.5B	2.7B	2.8B	2.9B	2.9B	2.7B	2.7B	2.7B	2.8B	3.3B
Property, plant & equipment	970.4M	973.2M	981.8M	1B	1B	1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B
Goodwill & intangibles	454.4M	454.4M	454.4M	454.4M	454.4M	454.4M	454.4M	454.4M	450.4M	450.4M	450.4M	450.4M
Total assets	4.7B	5B	4.8B	4.9B	5.1B	5.2B	5.2B	5B	5B	5.1B	5.2B	5.7B
Accounts payable	435M	524.8M	482.6M	524.5M	528.5M	609.1M	563.2M	532.3M	493.5M	568.2M	654.9M	656.6M
Short-term debt	37.5M	31.9M	27.1M	316.8M	27.9M	180.4M	179.9M	179.3M	191.7M	31.1M	33.2M	383.6M
Total current liabilities	829.3M	977.1M	897.1M	1.2B	945.3M	1.2B	1.1B	1.1B	1.1B	1B	1B	1.4B
Long-term debt	2.1B	2.1B	2.1B	1.9B	1.9B	1.7B	1.7B	1.7B	1.7B	1.7B	1.8B	1.8B
Total liabilities	3.4B	3.5B	3.4B	3.5B	3.2B	3.3B	3.2B	3.2B	3.2B	3.2B	3.3B	3.7B
Shareholders' equity	1.4B	1.5B	1.4B	1.5B	1.9B	2B	2B	1.9B	1.8B	1.9B	1.9B	2B
Total debt	2.2B	2.2B	2.2B	2.2B	1.9B	1.9B	1.9B	1.9B	1.9B	1.7B	1.8B	2.2B
Net debt	1.8B	1.4B	1.8B	1.7B	1.5B	1.2B	1.4B	1.6B	1.5B	1.3B	1.4B	1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-627.1M	-79.7M	236.7M	265M	-1.6B	206.6M	339.1M	423.4M	382.7M	418.6M
Depreciation & amortization	170.3M	160.8M	156.4M	151.1M	143.3M	143.9M	142.9M	146.1M	151.5M	168.1M
Stock-based compensation	—	—	—	—	2.9M	21.1M	26M	29.1M	34.1M	29M
Change in working capital	-28.3M	-327.2M	-4M	-203.4M	-47.7M	-424.9M	-373.7M	-345.9M	-111.5M	-57.9M
Operating cash flow	-133.6M	-247.5M	391.2M	171.8M	-349.7M	-52.3M	134.2M	114.5M	543.2M	614.3M
Capital expenditure	-200M	-120M	-136.4M	-76.2M	-130.6M	-131.8M	-127.8M	-196.9M	-211.5M	—
Investing cash flow	-200M	-119.6M	-145.1M	81.7M	-128.7M	-77.3M	-126.7M	-193.2M	-159.6M	35M
Dividends paid	-25.8M	0	0	—	—	—	—	—	—	—
Share repurchases	0	-4.8M	-6.5M	-9.9M	-7.8M	-4.8M	-145.6M	-96.4M	-286M	-504.1M
Financing cash flow	323.5M	9.2M	-7.3M	-203M	116.9M	103M	-201.9M	267.2M	-260.4M	-699.9M
Net change in cash	-10.1M	-357.9M	238.8M	50.5M	-361.5M	-26.6M	-194.4M	188.5M	123.2M	-50.6M
Free cash flow	-245.9M	-100.3M	253.6M	61.9M	30.4M	-136.5M	94M	-114.8M	168.1M	333.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	94.1M	192.5M	68.4M	85.6M	86.6M	142.1M	100.5M	104M	113.6M	100.5M	120.5M	154.3M
Depreciation & amortization	35.6M	39.5M	36M	37.9M	38.5M	39.1M	40.8M	41.6M	42.6M	43.1M	45M	44M
Stock-based compensation	7.4M	7.6M	6.2M	11M	9.4M	7.5M	7.2M	7.4M	7.7M	6.7M	6.4M	7.7M
Change in working capital	8M	265.5M	-169.9M	-16.7M	-110.8M	185.9M	-192.7M	10.1M	26.4M	98.3M	-65.8M	-73.4M
Operating cash flow	-75.3M	364.7M	-47.3M	136.1M	49.9M	404.5M	-35.2M	161.5M	229.5M	315.8M	128.2M	131.8M
Capital expenditure	-42.3M	-52.9M	-64.8M	-55.3M	-61.1M	-30.3M	-53.3M	—	—	—	—	—
Investing cash flow	-42.4M	-50M	-63.8M	-53.3M	-61.1M	18.6M	-50.6M	3.4M	21.9M	7M	1.6M	-200K
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-45.3M	-30.2M	-174.9M	0	-40.4M	-70.7M	-99.5M	-250M	-150.2M	-4.4M	-156.1M	-50.6M
Financing cash flow	288M	-48.9M	-186.9M	-7M	-48.4M	-94.2M	-107.5M	-250M	-138.9M	-15.7M	-50.2M	317.9M
Net change in cash	170.3M	265.8M	-298M	75.8M	-59.6M	328.9M	-193.3M	-85.1M	112.5M	307.1M	79.6M	449.5M
Free cash flow	-158.2M	363.8M	-164.6M	40.9M	-41.8M	333.6M	-145.8M	89.4M	167M	223.1M	73M	63.2M

Allegheny Technologies Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history