ATI vs Moog
ATI is the larger business, with $4.59bn of revenue in fiscal 2025 against $3.86bn for Moog (1.2 times as much). Moog grew faster (7.0% against 5.2%). ATI kept more of each dollar of sales as profit: a net margin of 8.8% against 6.1%. Moog carries less debt relative to equity (47.5% against 96.9%).
| Latest fiscal year | ATIATI, 2025 | MoogMOG.A, 2025 |
|---|---|---|
| Revenue | $4.59bn | $3.86bn |
| Revenue growth | 5.2% | 7.0% |
| Net income | $404m | $235m |
| Operating margin | 14.0% | 11.6% |
| Net margin | 8.8% | 6.1% |
| Return on equity | 22.1% | 12.3% |
| Free cash flow | $334m | $128m |
| Cash | $417m | $62.0m |
| Total debt | $1.75bn | $946m |
| Debt to equity | 96.9% | 47.5% |
| Dividend per share | — | $1.15 |
| Dividend yield | — | 0.3% |
| Share buybacks | $470m | $143m |
| Employees | 7,600 | 13,500 |
| Market value | $24.56bn | $11.69bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 37 (Weak) | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 55 sales | 0 buys, 18 sales |