ATI Inc. ATI

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
70/100
Moderate

About ATI Inc.

ATI Inc. produces and sells specialty materials and complex components worldwide. It operates in two segments, High Performance Materials & Components, and Advanced Alloys & Solutions. The company produces high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, and metallic powder alloys, as well as long product forms, … Full ATI analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 76.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Operating Expense Control OpEx growth is controlled (score 0.74), demonstrating operating leverage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
62

Where ATI ranks in Metal Fabrication

ATI Inc. ranks #7 of 20 scored companies in Metal Fabrication by moat score — the top 35%. The widest moat in the group is Mueller Industries, Inc. (MLI) at 83/100.

Moat scores for companies ranked near ATI in Metal Fabrication
# Company Moat score Rating
3 Carpenter Technology Corporatio CRS 75/100 Strong
4 Northwest Pipe Company NWPX 72/100 Moderate
5 ESAB Corporation ESAB 71/100 Moderate
6 CompoSecure, Inc. CMPOW 70/100 Moderate
7 ATI Inc. ATI 70/100 Moderate
8 Proto Labs, Inc. PRLB 63/100 Moderate
9 Worthington Enterprises, Inc. WOR 56/100 Moderate
10 Insteel Industries, Inc. IIIN 54/100 Moderate
11 Gulf Island Fabrication, Inc. GIFI 51/100 Moderate

See every General Corporate company ranked by moat score →

How ATI scores on the Corporate Default defenses

Pricing Power

Score 62 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 80 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 65 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 82 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 58 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 75 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ATI's moat

What is ATI Inc.'s moat score?

ATI Inc. (ATI) scores 70 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #7 of 20 scored companies in Metal Fabrication, the top 35%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Metal Fabrication. Its strongest defense is Capital Efficiency (82/100) and its weakest is Resilience (58/100).

How does ATI Inc. compare with other Metal Fabrication companies?

ATI Inc. ranks #7 of 20 scored companies in Metal Fabrication by moat score. The widest moat in Metal Fabrication is Mueller Industries, Inc. (MLI) at 82/100. The companies ranked closest are CompoSecure, Inc. (CMPOW) at 70 just above it and Proto Labs, Inc. (PRLB) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Metal Fabrication. The defenses are then weighted to produce the overall score out of 100.

Why is ATI Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for ATI Inc.?

The Corporate Default template measures 6 defenses, and ATI scores: Pricing Power (62), Cost Advantage (80), Customer Stickiness (65), Capital Efficiency (82), Resilience (58), Scale & Market Position (75). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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