Income StatementBalance SheetCash FlowSegments
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ATI Business Segments

Business, geographic, and product segment breakdowns

ATI generates $4.6B in annual revenue across 2 key segments: AA&S (1), and HPMC (1). The company-wide operating margin is 14.32%. Based on the Q1 2026 filing.

AA&S100.0%HPMC100.0%
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$20.4B
P/E Ratio47.99
ROE23.36%

Products & Services

Percent of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Nickel-based alloys and specialty alloys—48.0%48.0%44.0%—49.0%
Precision forgings, castings and components1.0%20.0%21.0%22.0%1.0%20.0%
Titanium and titanium-based alloys—19.0%17.0%19.0%—17.0%
Zirconium and related alloys—8.0%9.0%9.0%—9.0%
Precision rolled strip products—5.0%5.0%6.0%—5.0%

Geographic

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe—$260.7M$235.8M$248.9M—$248.7M
Asia—$114.3M$149.2M$124.6M—$103.9M
South America, Middle East and other—$85.8M$65.1M$32.4M—$64.2M
Rest of World$169.0M$175.8M$175.8M$175.8M$175.8M—

Percent of total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other5.0%5.0%5.0%5.0%5.0%4.0%

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other$254.0M$284.8M$234.2M$219.9M$233.4M$215.7M

Business Segments

Allocated corporate overhead

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AA&S$14.6M$16.1M$19.9M$14.2M$17.1M$16.3M
HPMC$15.3M$15.8M$18.5M$14.3M$16.6M$15.6M

Capital expenditures:

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HPMC$20.8M$29.4M$45.2M$36.9M$45.9M$28.4M
AA&S$26.5M$23.0M$26.2M$25.2M$43.5M$24.8M
Corporate$0.0$900.0K$700.0K$400.0K$3.3M$2.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AA&S$18.7M$19.5M$19.1M$19.7M$19.1M$23.7M
HPMC$18.8M$19.7M$20.9M$21.2M$22.4M$19.6M
Corporate$1.6M$1.6M$1.6M$1.7M$1.6M$1.7M

Employee retention credits, aviation manufacturing jobs protection program

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AA&S—$700.0K$700.0K$700.0K$700.0K—

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AA&S$502.4M$518.2M$481.9M$465.5M$464.3M$523.5M
HPMC$555.5M$497.2M$499.6M$501.4M$525.2M$486.9M

Percent of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AA&S—100.0%100.0%100.0%—100.0%
HPMC—100.0%100.0%100.0%—100.0%

Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HPMC$697.6M$644.0M$662.1M$661.5M$696.8M$655.4M
AA&S$605.0M$617.7M$578.5M$570.1M$579.9M$636.8M

Segment EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
HPMC$126.8M$131.0M$144.0M$145.8M$155.0M$152.9M
AA&S$88.0M$83.4M$76.7M$90.4M$98.5M$97.0M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AA&S$2.2B$2.3B$2.3B$2.2B$2.2B$2.5B
HPMC$2.2B$2.3B$2.4B$2.3B$2.4B$2.3B