ATI Inc (ATI) financial statements: income statement, balance sheet and cash flow

ATI Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 28, 2025 · FY), ATI Inc reported revenue of $4.6B (+5.2% year on year) and net income of $418.6M (+9.4% year on year).

Income statement

ATI Inc income statement, fiscal years

Line item	Dec 28, 2025 · FY	Dec 29, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Sales	$4.6B	$4.4B	$4.2B	$3.8B
Cost of sales	$3.6B	$3.5B	$3.4B	$3.1B
Gross profit	$1.0B	$898.2M	$802.6M	$714.2M
Selling and administrative expenses	$365.1M	$342.3M	$328.1M	$297.5M
Restructuring (credits) charges	($1.9M)	$4.1M	$7.7M	($4.8M)
Loss (gain) on asset sales and sales of businesses, net	$2.9M	($57.1M)	$400.0K	—
Operating income	$640.9M	$608.9M	$466.4M	$287.3M
Nonoperating retirement benefit expense	($34.6M)	—	—	—
Interest expense, net	($98.6M)	($108.2M)	($92.8M)	($87.4M)
Other income, net	$14.6M	$14.4M	$1.3M	($12.5M)
Income before income taxes	$522.3M	$486.1M	$295.2M	—
Income tax provision (benefit)	$103.7M	$103.4M	($128.2M)	$15.5M
Net income	$418.6M	$382.7M	$423.4M	$146.5M
Less: Net income attributable to noncontrolling interests	$14.3M	$14.9M	$12.6M	$15.6M
Net income attributable to ATI	$404.3M	$367.8M	$410.8M	$130.9M
Basic net income attributable to ATI per common share (in dollars per share)	$2.92	$2.82	$3.21	$1.03
Diluted net income attributable to ATI per common share (in dollars per share)	$2.85	$2.55	$2.81	$0.96

ATI Inc income statement, quarters

Line item	Jun 28, 2026 · Q2	Mar 29, 2026 · Q1	Sep 28, 2025 · Q3	Jun 29, 2025 · Q2
Sales	$1.3B	$1.2B	$1.1B	$1.1B
Cost of sales	$951.3M	$888.6M	$870.2M	$897.9M
Gross profit	$309.8M	$262.9M	$255.3M	$242.5M
Selling and administrative expenses	$95.7M	$92.1M	$94.6M	$82.8M
Restructuring charges (credits)	$3.9M	$7.0M	($400.0K)	($1.3M)
(Gain) loss on asset sales and sales of businesses, net	($9.8M)	$0	($1.3M)	$0
Operating income	$220.0M	$163.8M	$162.4M	$161.0M
Nonoperating retirement benefit expense	($4.3M)	($4.3M)	($3.9M)	($4.1M)
Interest expense, net	($23.9M)	($23.7M)	($26.1M)	($25.4M)
Other income, net	$1.1M	$800.0K	$12.2M	$1.8M
Income before income taxes	$192.9M	$136.6M	$144.6M	$133.3M
Income tax provision	$38.6M	$16.1M	$31.0M	$29.3M
Net income	$154.3M	$120.5M	$113.6M	$104.0M
Less: Net income attributable to noncontrolling interests	$3.3M	$2.3M	$3.6M	$3.3M
Net income attributable to ATI	$151.0M	$118.2M	$110.0M	$100.7M
Basic net income attributable to ATI per common share (in dollars per share)	$1.11	$0.86	$0.80	$0.72
Diluted net income attributable to ATI per common share (in dollars per share)	$1.09	$0.85	$0.78	$0.70

Balance sheet

ATI Inc balance sheet, fiscal years

Line item	Dec 28, 2025 · FY	Dec 29, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$416.7M	$721.2M	$743.9M	$584.0M
Accounts receivable, net	$686.1M	$709.2M	$625.0M	$579.2M
Short-term contract assets	$72.8M	$75.6M	$59.1M	$64.1M
Inventories, net	$1.4B	$1.4B	$1.2B	$1.2B
Prepaid expenses and other current assets	$101.2M	$86.0M	$62.2M	$53.4M
Total Current Assets	$2.7B	$2.9B	$2.7B	$2.5B
Property, plant and equipment, net	$1.9B	$1.8B	$1.7B	$1.5B
Goodwill	$225.2M	$227.2M	$227.2M	$227.2M
Other assets	$253.8M	$281.5M	$354.3M	$192.9M
Total Assets	$5.1B	$5.2B	$5.0B	$4.4B
Accounts payable	$568.2M	$609.1M	$524.8M	$553.3M
Short-term contract liabilities	$146.4M	$169.4M	$163.6M	$149.1M
Short-term debt and current portion of long-term debt	$31.1M	$180.4M	$31.9M	$41.7M
Other current liabilities	$260.6M	$249.6M	$256.8M	$219.8M
Total Current Liabilities	$1.0B	$1.2B	$977.1M	$963.9M
Long-term debt	$1.7B	$1.7B	$2.1B	$1.7B
Accrued postretirement benefits	$158.5M	$164.3M	$175.2M	$184.9M
Pension liabilities	$41.4M	$37.2M	$39.7M	$225.6M
Other long-term liabilities	$258.4M	$150.5M	$164.9M	$207.7M
Total Liabilities	$3.2B	$3.3B	$3.5B	$3.3B
Preferred stock, par value $0.10: authorized-50,000,000 shares; issued-none	0	0	0	0
Common stock, par value $0.10: authorized-500,000,000 shares; issued- 142,871,688 shares at December 28, 2025 and 142,871,688 shares at December 29, 2024; outstanding-135,934,852 shares at December 28, 2025 and 141,387,049 shares at December 29, 2024	14.3M	14.3M	13.2M	13.1M
Additional paid-in capital	$1.9B	$1.9B	$1.7B	$1.7B
Retained earnings	$468.7M	$64.3M	($70.1M)	$176.9M
Treasury stock: 6,936,836 shares at December 28, 2025 and 1,484,639 shares at December 29, 2024	-502.7M	-82.6M	-184.0M	-87.0M
Accumulated other comprehensive loss, net of tax	($60.4M)	($89.5M)	($83.2M)	($725.2M)
Total ATI Stockholders’ Equity	$1.8B	$1.9B	$1.4B	$1.0B
Noncontrolling Interests	$112.2M	$104.8M	$107.5M	$111.3M
Total Stockholders’ Equity	$1.9B	$2.0B	$1.5B	$1.2B
Total Liabilities and Stockholders’ Equity	$5.1B	$5.2B	$5.0B	$4.4B

ATI Inc balance sheet, quarters

Line item	Jun 28, 2026	Mar 29, 2026	Sep 28, 2025	Jun 29, 2025
Cash and cash equivalents	$783.0M	$401.7M	$372.2M	$319.6M
Accounts receivable, net	$646.6M	$664.4M	$709.9M	$787.9M
Short-term contract assets	$95.9M	$63.1M	$94.3M	$86.4M
Inventories, net	$1.7B	$1.6B	$1.4B	$1.4B
Prepaid expenses and other current assets	$87.4M	$95.1M	$77.8M	$96.0M
Total Current Assets	$3.3B	$2.8B	$2.7B	$2.7B
Property, plant and equipment, net	$2.0B	$2.0B	$1.9B	$1.8B
Goodwill	$225.2M	$225.2M	$225.2M	$227.2M
Other assets	$252.6M	$252.8M	$264.5M	$273.3M
Total Assets	$5.7B	$5.2B	$5.0B	$5.0B
Accounts payable	$656.6M	$654.9M	$493.5M	$532.3M
Accrued liabilities	$208.9M	$189.1M	$218.7M	$189.3M
Short-term contract liabilities	$143.5M	$154.4M	$159.2M	$171.7M
Short-term debt and current portion of long-term debt	$383.6M	$33.2M	$191.7M	$179.3M
Other current liabilities	$17.1M	$17.9M	—	—
Total Current Liabilities	$1.4B	$1.0B	$1.1B	$1.1B
Long-term debt	$1.8B	$1.8B	$1.7B	$1.7B
Accrued postretirement benefits	$150.8M	$154.2M	$153.6M	$157.1M
Pension liabilities	$43.2M	$42.3M	$35.1M	$35.7M
Other long-term liabilities	$328.6M	$307.1M	$209.9M	$186.9M
Total Liabilities	$3.7B	$3.3B	$3.2B	$3.2B
Preferred stock, par value $0.10: authorized-50,000,000 shares; issued-none	0	0	0	0
Common stock, par value $0.10: authorized-500,000,000 shares; issued-142,871,688 shares at June 28, 2026 and 142,871,688 shares at December 28, 2025; outstanding-136,168,724 shares at June 28, 2026 and 135,934,852 shares at December 28, 2025	14.3M	14.3M	14.3M	14.3M
Additional paid-in capital	$1.8B	$1.8B	$1.9B	$1.9B
Retained earnings	$738.5M	$586.9M	$372.2M	$262.2M
Treasury stock: 6,702,964 shares at June 28, 2026 and 6,936,836 shares at December 28, 2025	-583.6M	-534.5M	-507.4M	-356.1M
Accumulated other comprehensive loss, net of tax	($64.8M)	($62.9M)	($58.9M)	($56.5M)
Total ATI stockholders’ equity	$1.9B	$1.8B	$1.7B	$1.7B
Noncontrolling interests	$121.5M	$115.8M	$118.8M	$114.6M
Total Equity	$2.0B	$1.9B	$1.8B	$1.9B
Total Liabilities and Equity	$5.7B	$5.2B	$5.0B	$5.0B

Cash flow statement

ATI Inc cash flow statement, fiscal years

Line item	Dec 28, 2025 · FY	Dec 29, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$418.6M	$382.7M	$423.4M	$146.5M
Depreciation and amortization	$168.1M	$151.5M	$146.1M	$142.9M
Share-based compensation	$29.0M	$34.1M	$29.1M	$26.0M
Deferred taxes	$59.1M	$86.4M	($138.2M)	($100.0K)
Gain from disposal of property, plant and equipment, net	($10.7M)	($15.7M)	($600.0K)	($900.0K)
Net loss (gain) from sales of businesses	$2.9M	($52.9M)	$600.0K	$141.0M
Non-cash impairment charges	$0	$0	$3.0M	$0
Pension plan contributions	$0	$0	($272.0M)	—
Retirement benefits	$11.2M	$4.4M	$53.8M	($46.7M)
Accounts receivable	$27.1M	($85.0M)	($46.1M)	($128.5M)
Inventories	($52.8M)	($118.5M)	($51.8M)	($190.8M)
Accounts payable	($43.4M)	$87.6M	($29.8M)	$156.1M
Accrued income taxes	($26.4M)	($300.0K)	($4.8M)	$2.5M
Accrued liabilities and other	$31.6M	($67.1M)	($26.8M)	($23.1M)
Cash provided by operating activities	$614.3M	$407.2M	$85.9M	$224.9M
Purchases of property, plant and equipment	($280.6M)	($239.1M)	($200.7M)	($130.9M)
Proceeds from disposal of property, plant and equipment	$11.1M	$27.6M	$3.8M	$3.1M
Proceeds from sales of businesses, net of transaction costs	$26.8M	$48.0M	($300.0K)	—
Other	$8.2M	$3.9M	$4.0M	$800.0K
Cash used in investing activities	($234.5M)	($159.6M)	($193.2M)	($126.7M)
Borrowings on long-term debt	$0	$0	$425.0M	$0
Payments on long-term debt and finance leases	($182.6M)	($29.6M)	($25.2M)	($23.1M)
Net payments under credit facilities	$0	($4.9M)	($14.0M)	($5.6M)
Debt issuance costs	$0	$0	($6.2M)	$0
Receipt of convertible note capped call	$0	$76.1M	—	—
Purchase of treasury stock	($470.0M)	($260.0M)	($85.2M)	($139.9M)
Dividends paid to noncontrolling interests	($13.2M)	($16.0M)	($16.0M)	($34.0M)
Shares repurchased for income tax withholding on share-based compensation	-34.1M	-26.0M	-11.2M	-5.7M
Cash provided by (used in) financing activities	($699.9M)	($260.4M)	$267.2M	($201.9M)
Effect of exchange rate changes on cash and cash equivalents	$15.6M	($7.6M)	—	—
Less: Cash held for sale	$0	($2.3M)	—	—
Increase (decrease) in cash and cash equivalents	($304.5M)	($22.7M)	$159.9M	($103.7M)
Cash and cash equivalents at beginning of year	$721.2M	$743.9M	$584.0M	$687.7M
Cash and cash equivalents at end of year	$416.7M	$721.2M	$743.9M	$584.0M

ATI Inc cash flow statement, quarters

Line item	Jun 28, 2026 · YTD	Mar 29, 2026 · Q1	Sep 28, 2025 · YTD	Jun 29, 2025 · YTD
Net income	$274.8M	$120.5M	$318.1M	$204.5M
Depreciation and amortization	$89.0M	$45.0M	$125.0M	$82.4M
Non-cash restructuring charges, net	$5.1M	$4.8M	—	—
Share-based compensation	$14.1M	$6.4M	$22.3M	$14.6M
Deferred taxes	$17.5M	$5.5M	$36.5M	$33.5M
Net gain from disposal of property, plant and equipment	($9.8M)	$100.0K	($10.6M)	$200.0K
Net loss on sales of businesses	$0	$0	$2.6M	$3.7M
Inventories	($266.0M)	($179.0M)	($57.5M)	($50.6M)
Accounts receivable	$39.8M	$21.5M	$1.7M	($71.9M)
Accounts payable	$90.2M	$94.8M	($94.4M)	($56.0M)
Retirement benefits	($3.2M)	($3.1M)	($6.0M)	($4.1M)
Accrued liabilities and other	$8.5M	$11.7M	($39.2M)	($87.3M)
Cash provided by operating activities	$260.0M	$128.2M	$298.5M	$69.0M
Purchases of property, plant and equipment	($123.8M)	($55.2M)	($187.9M)	($125.4M)
Proceeds from disposal of property, plant and equipment	$5.6M	—	$10.9M	$100.0K
Proceeds from sales of businesses, net of transaction costs	$1.4M	$1.6M	$21.2M	$2.0M
Other	$0	$0	$6.8M	$4.1M
Cash used in investing activities	($116.8M)	($53.6M)	($149.0M)	($119.2M)
Proceeds from issuance of senior notes	$450.0M	—	—	—
Repayment of finance lease obligations	($16.7M)	—	—	—
Net borrowings under international credit facilities	$2.5M	$900.0K	$11.3M	$0
Debt issuance costs	($5.7M)	—	—	—
Purchase of treasury stock	($125.0M)	($75.0M)	($470.0M)	($320.0M)
Shares repurchased for income tax withholding on share-based compensation and other	-81.7M	-81.1M	-29.7M	-29.5M
Cash provided by (used in) financing activities	$223.4M	($88.8M)	($512.6M)	($365.8M)
Effect of exchange rate changes on cash and cash equivalents	($300.0K)	($800.0K)	$14.1M	$14.4M
Increase (decrease) in cash and cash equivalents	$366.3M	($15.0M)	($349.0M)	($401.6M)
Cash and cash equivalents at beginning of period	$416.7M	$416.7M	$721.2M	$721.2M
Cash and cash equivalents at end of period	$783.0M	$401.7M	$372.2M	$319.6M

ATI Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.