ATI
ATI Inc.
ATI has lower modeled downside risk, despite its lower overall score.
VRT
Vertiv Holdings Co
VRT has the edge over ATI overall, supported by stronger valuation and stronger fundamentals.
ATI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
ATI's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
ATI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $73.57 | -61% |
| Fair | 26x | $104 | -45% |
| Forward | 30x | $190 | — |
| Current | 47x | $190 | — |
| Expensive | 57x | $228 | +20% |
Historical ranges are pointers, not guarantees.
ATI's PE is in its expensive range at 47x. If earnings grow as analysts expect, today's price would be 30x next year's earnings, in its fair range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over ATI in the historical PE scenario, which offers more potential upside but is not a forecast.
ATI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for ATI, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
ATI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.27 | +56% |
| Q3 2026 | $4.01 | +30% |
| Q2 2026 | $3.42 | +19% |
| Q1 2026 | $3.03 | +9.8% |
| Q4 2025 | $2.85 | +12% |
| Q3 2025 | $3.09 | +19% |
| Q2 2025 | $2.88 | +13% |
| Q1 2025 | $2.76 | +11% |
| Q4 2024 | $2.55 | +1.6% |
ATI's earnings per share have climbed steadily: $4.01 over the past year, up 30% from the year before, and higher year over year for 20 quarters in a row.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over ATI on earnings, with stronger typical year-over-year growth.
ATI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +26% |
| Q2 2026 | $1.3B | +11% |
| Q1 2026 | $1.2B | +0.6% |
| Q4 2025 | $1.2B | +0.4% |
| Q3 2025 | $1.1B | +7.1% |
| Q2 2025 | $1.1B | +4.1% |
| Q1 2025 | $1.1B | +9.7% |
| Q4 2024 | $1.2B | +10% |
ATI's revenue has grown year over year for 12 quarters in a row: $1.4B last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +4.7 points |
| Q2 2026 | 17% | +3.3 points |
| Q1 2026 | 14% | +1.4 points |
| Q4 2025 | 14% | -3.3 points |
| Q3 2025 | 14% | +0.9 points |
| Q2 2025 | 14% | +1.1 points |
| Q1 2025 | 13% | +1.8 points |
| Q4 2024 | 18% | +7.6 points |
ATI's operating margin was 19% last quarter, up 4.7 points from the same quarter a year ago, near the top of its range since 2019.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over ATI on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over ATI on profitability, with a higher operating margin.
ATI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.8M | -63% |
| Q2 2026 | $63.2M | -29% |
| Q1 2026 | $73M | +$218.8M |
| Q4 2025 | $223.1M | -33% |
| Q3 2025 | $167M | +$208.8M |
| Q2 2025 | $89.4M | +119% |
| Q1 2025 | -$145.8M | +$18.8M |
| Q4 2024 | $333.6M | -8.3% |
ATI generated $421M in free cash flow over the past year, down 5.2% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over ATI on cash flow, with more consistent year-over-year improvement.
ATI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +100K shares |
| 1 year | -1.5% | -2.1M shares |
| 3 years | -7.9% | -11.8M shares |
| 5 years | -9.3% | -14.2M shares |
| Available history | -5.5% | -8.1M shares |
ATI has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $70M |
| Q2 2026 | $50M |
| Q1 2026 | $75M |
| Q4 2025 | — |
| Q3 2025 | $150M |
| Q2 2025 | $250M |
| Q1 2025 | $70M |
| Q4 2024 | $70M |
ATI spent $195M buying back its own shares over the past year, down 64% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
ATI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.5x | Healthy |
ATI's net debt is about 1.4 years of its operating earnings (EBITDA), down from 1.8 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over ATI on leverage, with a lower net debt burden relative to earnings.
ATI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 26.3 | Neutral |
ATI's weekly RSI is 54 (neutral) and its Stochastic is 26 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
ATI PE vs Industrials Sector
| Metric | ATI | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 24x | 97% above |
| PE % | 76 | 58 | 18 pts above |
ATI is trading at 47x earnings, a 97% premium to the Industrials sector's median of 24x.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over ATI on valuation relative to its sector.
ATI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $180.5 | 5.4% above |
| 20 week MA | $193.3 | 1.6% below |
| 50 week MA | $165.9 | 15% above |
| 100 week MA | $119.2 | 60% above |
| 200 week MA | $83.7 | 127% above |
ATI has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
ATI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $16.7 | -20% |
| 2021 | $16.7 | $15.6 | -6.7% |
| 2022 | $15.6 | $30.3 | +94% |
| 2023 | $30.3 | $45.5 | +50% |
| 2024 | $45.5 | $55.5 | +22% |
| 2025 | $55.5 | $117.0 | +111% |
| 2026 YTD | $117.0 | $190.2 | +63% |
ATI has the edge over VRT on returns for 2026, with the stronger performance.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT's yearly returns have swung widely, from +275% in 2023 to −48% in 2022. It's up 25% so far in 2026.