ATI Inc income statement
In fiscal 2025, ATI Inc reported revenue of $4.59bn, up 5.2% on the year before, operating income of $641m (a 14.0% margin) and net income of $404m, or $2.85 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,055 | 4,048 | 4,812 | 4,667 | 4,044 | 4,223 | 3,720 | 3,135 | 3,525 | 4,047 | 4,123 | 2,982 | 2,800 | 3,836 | 4,174 | 4,362 | 4,587 | 5,013 |
| Cost of revenue | — | — | — | — | — | — | — | 2,912 | 3,028 | 3,416 | 3,485 | 2,689 | 2,467 | 3,122 | 3,371 | 3,464 | 3,580 | 3,787 |
| Gross profit | — | — | — | — | — | 379 | 60 | 223 | 497 | 630 | 638 | 293 | 333 | 714 | 803 | 898 | 1,007 | 1,226 |
| Research and development | 19 | 17 | 17 | 22 | 16 | 17 | 14 | 15 | 13 | 23 | 18 | 14 | 17 | 16 | 21 | 20 | 21 | — |
| Selling, general and administrative | 316 | 305 | 323 | 322 | 276 | 273 | 239 | 241 | 248 | 268 | 267 | 201 | 227 | 298 | 328 | 342 | 365 | 398 |
| Operating income | 93 | 185 | 414 | 304 | −91 | 106 | −369 | −542 | 135 | 362 | 366 | −1,303 | 118 | 316 | 466 | 609 | 641 | 826 |
| Interest expense | 21 | 64 | 94 | 72 | 66 | 110 | 111 | 125 | 135 | 102 | 105 | 96 | 98 | 87 | 93 | 108 | 111 | — |
| Income before tax | 65 | 126 | 322 | 232 | −155 | 2 | −478 | −734 | −87 | 248 | 237 | −1,482 | 233 | 355 | 295 | 486 | 522 | 697 |
| Income tax | 27 | 47 | 116 | 72 | −64 | −9 | −112 | −107 | −7 | 11 | −29 | 78 | 27 | 16 | −128 | 103 | 104 | 129 |
| Net income | 32 | 71 | 214 | 158 | 154 | −3 | −378 | −641 | −92 | 222 | 253 | −1,573 | 185 | 324 | 411 | 368 | 404 | 556 |
| Diluted EPS | $0.32 | $0.72 | $1.97 | $1.43 | $1.44 | −$0.03 | −$3.53 | −$5.97 | −$0.83 | $1.61 | $1.81 | −$12.43 | $1.32 | $2.23 | $2.81 | $2.55 | $2.85 | $4.01 |
| Diluted shares (average) | 98m | 99m | 114m | 117m | 107m | 107m | 107m | 107m | 110m | 146m | 147m | 127m | 153m | 151m | 150m | 147m | 142m | 139m |
| EBITDA | 225 | 327 | 588 | 498 | 99 | 283 | −180 | −372 | 295 | 519 | 517 | −1,159 | 262 | 459 | 613 | 760 | 809 | 1,003 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,173 | 1,144 | 1,140 | 1,126 | 1,177 | 1,152 | 1,261 | 1,424 |
| Cost of revenue | 924 | 909 | 898 | 870 | 904 | 889 | 951 | 1,044 |
| Gross profit | 249 | 236 | 243 | 255 | 273 | 263 | 310 | 380 |
| Selling, general and administrative | 89 | 85 | 83 | 95 | 103 | 92 | 96 | 108 |
| Operating income | 209 | 147 | 161 | 162 | 171 | 164 | 220 | 272 |
| Income before tax | 175 | 122 | 133 | 145 | 123 | 137 | 193 | 245 |
| Income tax | 33 | 21 | 29 | 31 | 22 | 16 | 39 | 52 |
| Net income | 137 | 97 | 101 | 110 | 97 | 118 | 151 | 190 |
| Diluted EPS | $0.94 | $0.67 | $0.70 | $0.78 | $0.69 | $0.85 | $1.09 | $1.37 |
| EBITDA | 248 | 188 | 203 | 205 | 214 | 209 | 264 | 317 |
Compare with peers
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