Allegheny Tech Financials

ATI

Source SEC Filings (10-K/10-Q) Updated Sep 28, 2025 Currency USD FYE December

This page shows Allegheny Tech (ATI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$4.4B

YoY+13.7%

5Y CAGR+6.8%

10Y CAGR-1.0%

Allegheny Tech generated $4.4B in revenue in fiscal year 2024. This represents an increase of 13.7% from the prior year.

EBITDA

$760.4M

YoY+76.8%

10Y CAGR+2.6%

Allegheny Tech's EBITDA was $760.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 76.8% from the prior year.

Free Cash Flow

$168.1M

YoY+78.8%

10Y CAGR+24.6%

Allegheny Tech generated $168.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 78.8% from the prior year.

Net Income

$367.8M

YoY+181.0%

10Y CAGR+5.6%

Allegheny Tech reported $367.8M in net income in fiscal year 2024. This represents an increase of 181.0% from the prior year.

EPS (Diluted)

$2.55

YoY+165.6%

10Y CAGR+2.6%

Allegheny Tech earned $2.55 per diluted share (EPS) in fiscal year 2024. This represents an increase of 165.6% from the prior year.

Cash & Debt

$721.2M

YoY+23.5%

5Y CAGR+25.7%

10Y CAGR+6.6%

Allegheny Tech held $721.2M in cash against $1.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

141M

YoY+10.2%

5Y CAGR+5.4%

10Y CAGR+2.9%

Allegheny Tech had 141M shares outstanding in fiscal year 2024. This represents an increase of 10.2% from the prior year.

Gross Margin

20.6%

YoY+2.0pp

5Y CAGR+13.5pp

10Y CAGR+5.3pp

Allegheny Tech's gross margin was 20.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.

Operating Margin

14.0%

YoY+6.5pp

5Y CAGR+31.2pp

10Y CAGR+5.4pp

Allegheny Tech's operating margin was 14.0% in fiscal year 2024, reflecting core business profitability. This is up 6.5 percentage points from the prior year.

Net Margin

8.4%

YoY+5.0pp

5Y CAGR+28.9pp

10Y CAGR+4.0pp

Allegheny Tech's net profit margin was 8.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.

Return on Equity

19.9%

YoY+7.4pp

10Y CAGR+11.6pp

Allegheny Tech's ROE was 19.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 7.4 percentage points from the prior year.

R&D Spending

$19.6M

YoY+20.2%

5Y CAGR+5.9%

10Y CAGR+1.4%

Allegheny Tech invested $19.6M in research and development in fiscal year 2024. This represents an increase of 20.2% from the prior year.

Share Buybacks

$260.0M

YoY+85.8%

Allegheny Tech spent $260.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 85.8% from the prior year.

Capital Expenditures

$239.1M

YoY+82.7%

5Y CAGR+3.4%

10Y CAGR-1.5%

Allegheny Tech invested $239.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 82.7% from the prior year.

ATI Income Statement

Metric	FY24	FY22	FY21	FY20	FY19	FY18
Revenue	$4.4B+13.7%	$3.8B-6.9%	$4.1B+1.9%	$4.0B+14.8%	$3.5B+12.5%	$3.1B
Cost of Revenue	$3.5B+11.0%	$3.1B-10.4%	$3.5B+2.0%	$3.4B+12.8%	$3.0B+4.0%	$2.9B
Gross Profit	$898.2M+25.8%	$714.2M+11.9%	$638.0M+1.2%	$630.3M+26.8%	$497.0M+123.1%	$222.8M
R&D Expenses	$19.6M+20.2%	$16.3M-8.4%	$17.8M-21.6%	$22.7M+70.7%	$13.3M-9.5%	$14.7M
SG&A Expenses	$342.3M+15.1%	$297.5M+11.3%	$267.2M-0.4%	$268.2M+8.1%	$248.0M+3.0%	$240.8M
Operating Income	$608.9M+111.9%	$287.3M-21.6%	$366.3M+1.2%	$362.1M+169.0%	$134.6M+124.8%	-$541.8M
Interest Expense	$124.2M+42.1%	$87.4M-16.7%	$104.9M+2.7%	$102.1M-24.3%	$134.9M+7.6%	$125.4M
Income Tax	$103.4M+567.1%	$15.5M+154.4%	-$28.5M-359.1%	$11.0M+261.8%	-$6.8M+93.6%	-$106.9M
Net Income	$367.8M+181.0%	$130.9M-48.2%	$252.5M+13.5%	$222.4M+342.0%	-$91.9M+85.7%	-$640.9M
EPS (Diluted)	$2.55+165.6%	$0.96-47.0%	$1.81+12.4%	$1.61+294.0%	$-0.83+86.1%	$-5.97

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$1.1B-1.3%	$1.1B-0.3%	$1.1B+7.6%	$1.1B+3.7%	$1.0B-2.0%	$1.0B+0.8%	$1.0B+35.6%	$765.4M
Cost of Revenue	$870.2M-3.1%	$897.9M-1.2%	$908.6M+5.9%	$858.3M+3.3%	$831.0M-0.7%	$836.9M-0.9%	$844.9M+31.4%	$643.2M
Gross Profit	$255.3M+5.3%	$242.5M+2.8%	$235.8M+14.6%	$205.7M+5.7%	$194.6M-6.9%	$209.1M+8.2%	$193.2M+58.1%	$122.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$94.6M+14.3%	$82.8M-2.6%	$85.0M-7.9%	$92.3M+32.2%	$69.8M-18.3%	$85.4M+6.0%	$80.6M+39.4%	$57.8M
Operating Income	$162.4M+0.9%	$161.0M+9.6%	$146.9M+35.6%	$108.3M-13.5%	$125.2M+4.1%	$120.3M+6.8%	$112.6M+67.6%	$67.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$31.0M+5.8%	$29.3M+39.5%	$21.0M+114.9%	-$141.1M-2979.6%	$4.9M+32.4%	$3.7M-14.0%	$4.3M+191.5%	-$4.7M
Net Income	$110.0M+9.2%	$100.7M+3.8%	$97.0M-33.4%	$145.7M+92.5%	$75.7M-0.4%	$76.0M+8.4%	$70.1M+335.2%	-$29.8M
EPS (Diluted)	$0.78+11.4%	$0.70+4.5%	$0.67-32.3%	$0.99+90.4%	$0.520.0%	$0.52+8.3%	$0.48+340.0%	$-0.20

ATI Balance Sheet

Metric	FY24	FY22	FY21	FY20	FY19	FY18
Total Assets	$5.2B+17.7%	$4.4B-21.1%	$5.6B+2.4%	$5.5B+6.1%	$5.2B+0.3%	$5.2B
Current Assets	$2.9B+18.9%	$2.5B+7.5%	$2.3B+2.5%	$2.2B+17.3%	$1.9B+8.4%	$1.8B
Cash & Equivalents	$721.2M+23.5%	$584.0M+19.0%	$490.8M+28.5%	$382.0M+169.8%	$141.6M-38.3%	$229.6M
Inventory	$1.4B+13.2%	$1.2B+3.5%	$1.2B-4.6%	$1.2B+3.0%	$1.2B+13.4%	$1.0B
Accounts Receivable	$709.2M+22.4%	$579.2M+4.5%	$554.1M+5.0%	$527.8M-3.2%	$545.3M+20.6%	$452.1M
Goodwill	$227.2M0.0%	$227.2M-56.8%	$525.8M-1.7%	$534.7M+0.6%	$531.4M-17.2%	$641.9M
Total Liabilities	$3.3B-0.4%	$3.3B-4.4%	$3.4B-2.0%	$3.5B+5.1%	$3.3B-10.3%	$3.7B
Current Liabilities	$1.2B+25.4%	$963.9M+13.5%	$849.2M+1.5%	$836.9M+17.4%	$712.6M+0.6%	$708.7M
Long-Term Debt	$1.7B+0.5%	$1.7B+23.0%	$1.4B-9.6%	$1.5B+0.3%	$1.5B-13.6%	$1.8B
Total Equity	$1.9B+76.9%	$1.0B-52.3%	$2.2B+10.1%	$2.0B+8.0%	$1.8B+27.7%	$1.4B
Retained Earnings	$64.3M-63.7%	$176.9M-89.5%	$1.7B+17.7%	$1.4B+20.5%	$1.2B-7.3%	$1.3B

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$5.0B-0.4%	$5.0B-3.1%	$5.2B+4.0%	$5.0B+5.4%	$4.7B+6.7%	$4.4B+3.4%	$4.3B0.0%	$4.3B
Current Assets	$2.7B-1.6%	$2.7B-6.2%	$2.9B+5.2%	$2.7B+5.3%	$2.6B+5.7%	$2.5B+6.1%	$2.3B+0.4%	$2.3B
Cash & Equivalents	$372.2M+16.5%	$319.6M-32.8%	$475.8M-36.0%	$743.9M+71.8%	$432.9M+62.1%	$267.1M+36.1%	$196.2M-71.5%	$687.7M
Inventory	$1.4B-0.5%	$1.4B+1.1%	$1.4B+12.0%	$1.2B-7.9%	$1.4B-1.9%	$1.4B+6.7%	$1.3B+23.7%	$1.0B
Accounts Receivable	$709.9M-9.9%	$787.9M-4.7%	$827.0M+32.3%	$625.0M-8.5%	$683.0M-3.8%	$710.1M-2.1%	$725.6M+54.4%	$470.0M
Goodwill	$225.2M-0.9%	$227.2M0.0%	$227.2M0.0%	$227.2M0.0%	$227.2M0.0%	$227.2M0.0%	$227.2M-0.3%	$227.9M
Total Liabilities	$3.2B+0.4%	$3.2B-1.2%	$3.2B-8.6%	$3.5B+3.8%	$3.4B+8.0%	$3.1B+1.7%	$3.1B-11.0%	$3.5B
Current Liabilities	$1.1B-0.9%	$1.1B-5.7%	$1.1B+16.4%	$977.1M+17.8%	$829.3M-7.6%	$897.5M+8.9%	$824.0M-3.8%	$856.4M
Long-Term Debt	$1.7B+0.3%	$1.7B-0.2%	$1.7B-20.2%	$2.1B0.0%	$2.1B+26.3%	$1.7B-0.1%	$1.7B-0.6%	$1.7B
Total Equity	$1.7B-8.1%	$1.9B-6.3%	$2.0B+33.9%	$1.5B+19.5%	$1.2B-5.4%	$1.3B+7.8%	$1.2B+45.8%	$832.7M
Retained Earnings	$372.2M+42.0%	$262.2M+62.6%	$161.3M+330.1%	-$70.1M-117.6%	$398.7M+23.4%	$323.0M+30.8%	$247.0M+239.8%	$72.7M

ATI Cash Flow Statement

Metric	FY24	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	$407.2M+81.1%	$224.9M-2.3%	$230.1M-41.4%	$392.8M+1653.6%	$22.4M+151.3%	-$43.7M
Capital Expenditures	$239.1M+82.7%	$130.9M-22.2%	$168.2M+20.8%	$139.2M+13.4%	$122.7M-39.3%	$202.2M
Free Cash Flow	$168.1M+78.8%	$94.0M+51.9%	$61.9M-75.6%	$253.6M+352.8%	-$100.3M+59.2%	-$245.9M
Investing Cash Flow	-$159.6M-26.0%	-$126.7M-255.1%	$81.7M+156.3%	-$145.1M-21.3%	-$119.6M+40.2%	-$200.0M
Financing Cash Flow	-$260.4M-29.0%	-$201.9M+0.5%	-$203.0M-2680.8%	-$7.3M-179.3%	$9.2M-97.2%	$323.5M
Dividends Paid	N/A	N/A	$0	$0	$0-100.0%	$25.8M
Share Buybacks	$260.0M+85.8%	$139.9M	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	N/A	N/A	-$92.5M	N/A	N/A	N/A	-$285.2M	N/A
Capital Expenditures	N/A	N/A	$53.3M	N/A	N/A	N/A	$60.4M	N/A
Free Cash Flow	N/A	N/A	-$145.8M	N/A	N/A	N/A	-$345.6M	N/A
Investing Cash Flow	N/A	N/A	-$50.6M	N/A	N/A	N/A	-$59.3M	N/A
Financing Cash Flow	N/A	N/A	-$107.5M	N/A	N/A	N/A	-$43.3M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$150.0M-40.0%	$250.0M+257.1%	$70.0M	N/A	$45.0M	N/A	$10.1M	N/A

ATI Financial Ratios

Metric	FY24	FY22	FY21	FY20	FY19	FY18
Gross Margin	20.6%+2.0pp	18.6%+3.1pp	15.5%-0.1pp	15.6%+1.5pp	14.1%+7.0pp	7.1%
Operating Margin	14.0%+6.5pp	7.5%-1.4pp	8.9%-0.1pp	8.9%+5.1pp	3.8%+21.1pp	-17.3%
Net Margin	8.4%+5.0pp	3.4%-2.7pp	6.1%+0.6pp	5.5%+8.1pp	-2.6%+17.8pp	-20.4%
Return on Equity	19.9%+7.4pp	12.5%+1.0pp	11.5%+0.3pp	11.2%	N/A	N/A
Return on Assets	7.0%+4.1pp	2.9%-1.5pp	4.5%+0.4pp	4.0%+5.8pp	-1.8%+10.6pp	-12.4%
Current Ratio	2.44-0.1	2.57-0.1	2.71+0.0	2.680.0	2.69+0.2	2.49
Debt-to-Equity	0.93-0.7	1.63+1.0	0.63-0.1	0.77-0.1	0.83-0.4	1.23
FCF Margin	3.9%+1.4pp	2.5%+1.0pp	1.5%-4.8pp	6.3%+9.1pp	-2.9%+5.0pp	-7.8%

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	22.7%+1.4pp	21.3%+0.7pp	20.6%+1.3pp	19.3%+0.4pp	19.0%-1.0pp	20.0%+1.4pp	18.6%+2.6pp	16.0%
Operating Margin	14.4%+0.3pp	14.1%+1.3pp	12.8%+2.7pp	10.2%-2.0pp	12.2%+0.7pp	11.5%+0.7pp	10.8%+2.1pp	8.8%
Net Margin	9.8%+0.9pp	8.8%+0.4pp	8.5%-5.2pp	13.7%+6.3pp	7.4%+0.1pp	7.3%+0.5pp	6.8%+10.6pp	-3.9%
Return on Equity	6.4%+1.0pp	5.4%+0.5pp	4.9%-5.0pp	9.8%+3.7pp	6.1%+0.3pp	5.8%+0.0pp	5.8%	N/A
Return on Assets	2.2%+0.2pp	2.0%+0.1pp	1.9%-1.0pp	2.9%+1.3pp	1.6%-0.1pp	1.7%+0.1pp	1.6%+2.3pp	-0.7%
Current Ratio	2.50-0.0	2.52-0.0	2.53-0.3	2.80-0.3	3.13+0.4	2.74-0.1	2.81+0.1	2.69
Debt-to-Equity	1.00+0.1	0.92+0.1	0.86-0.6	1.45-0.3	1.73+0.4	1.30-0.1	1.40-0.7	2.06
FCF Margin	N/A	N/A	-12.7%	N/A	N/A	N/A	-33.3%	N/A

Financial Health Signals

Financial Profile 65/100

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Based on FY2024 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe

5.11

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Neutral

6/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

1.11x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Adequate

4.9x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Allegheny Tech's annual revenue?

Allegheny Tech (ATI) reported $4.4B in total revenue for fiscal year 2024. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Allegheny Tech's revenue growing?

Allegheny Tech (ATI) revenue grew by 13.7% year-over-year, from $3.8B to $4.4B in fiscal year 2024.

Is Allegheny Tech profitable?

Yes, Allegheny Tech (ATI) reported a net income of $367.8M in fiscal year 2024, with a net profit margin of 8.4%.

What is Allegheny Tech's earnings per share (EPS)?

Allegheny Tech (ATI) reported diluted earnings per share of $2.55 for fiscal year 2024. This represents a 165.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Allegheny Tech's EBITDA?

Allegheny Tech (ATI) had EBITDA of $760.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Allegheny Tech have?

As of fiscal year 2024, Allegheny Tech (ATI) had $721.2M in cash and equivalents against $1.7B in long-term debt.

What is Allegheny Tech's gross margin?

Allegheny Tech (ATI) had a gross margin of 20.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Allegheny Tech's operating margin?

Allegheny Tech (ATI) had an operating margin of 14.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Allegheny Tech's net profit margin?

Allegheny Tech (ATI) had a net profit margin of 8.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Allegheny Tech's return on equity (ROE)?

Allegheny Tech (ATI) has a return on equity of 19.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Allegheny Tech's free cash flow?

Allegheny Tech (ATI) generated $168.1M in free cash flow during fiscal year 2024. This represents a 78.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Allegheny Tech's operating cash flow?

Allegheny Tech (ATI) generated $407.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Allegheny Tech's total assets?

Allegheny Tech (ATI) had $5.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Allegheny Tech's capital expenditures?

Allegheny Tech (ATI) invested $239.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Allegheny Tech spend on research and development?

Allegheny Tech (ATI) invested $19.6M in research and development during fiscal year 2024.

Does Allegheny Tech buy back shares?

Yes, Allegheny Tech (ATI) spent $260.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Allegheny Tech have outstanding?

Allegheny Tech (ATI) had 141M shares outstanding as of fiscal year 2024.

What is Allegheny Tech's current ratio?

Allegheny Tech (ATI) had a current ratio of 2.44 as of fiscal year 2024, which is generally considered healthy.

What is Allegheny Tech's debt-to-equity ratio?

Allegheny Tech (ATI) had a debt-to-equity ratio of 0.93 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Allegheny Tech's return on assets (ROA)?

Allegheny Tech (ATI) had a return on assets of 7.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Allegheny Tech's Altman Z-Score?

Allegheny Tech (ATI) has an Altman Z-Score of 5.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Allegheny Tech's Piotroski F-Score?

Allegheny Tech (ATI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Allegheny Tech's earnings high quality?

Allegheny Tech (ATI) has an earnings quality ratio of 1.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Allegheny Tech cover its interest payments?

Allegheny Tech (ATI) has an interest coverage ratio of 4.9x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Allegheny Tech?

Allegheny Tech (ATI) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.