Ati (ATI) Operating Margin (2009 - 2026)

Ati (ATI) posted Operating Margin of 14.22% for Q1 2026, down 1.85% sequentially from 14.49% in Q4 2025, and up 139.0% YoY from 5.95% in Q1 2025.

Ati (ATI) Operating Margin (2009 - 2026) Analysis & Trends

Ati has reported Operating Margin for 18 years, with the latest figure at 14.22% in Q1 2026.

Quarterly Operating Margin rose 139.0% year-over-year to 14.22% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.32% (down 3.0% YoY) and the FY2025 annual result came in at 13.97%, up 1.0% from the prior year.
Operating Margin fell to 14.22% in Q1 2026 per ATI's latest filing, from 14.49% in the prior quarter.
Over five years, Operating Margin peaked at 17.81% in Q4 2024 and troughed at 1.21% in Q2 2022.
A 5-year average of 11.83% and a median of 12.52% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2023 and 2025: Operating Margin surged 1271 bps in 2023, then tumbled 332 bps in 2025.
Over 5 years, Operating Margin stood at 10.97% in 2022, then retreated by 7 bps to 10.18% in 2023, then surged by 75 bps to 17.81% in 2024, then declined by 19 bps to 14.49% in 2025, then fell by 2 bps to 14.22% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 14.22%, 14.49%, and 14.43% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Ati	28.47 Bn	27.69 Bn	309.80 Mn	17.45%
2	Carpenter Technology	24.45 Bn	24.05 Bn	268.90 Mn	24.31%
3	Mueller Industries	13.49 Bn	12.07 Bn	395.35 Mn	21.71%
4	Commercial Metals	7.25 Bn	6.69 Bn	455.14 Mn	-74.07%
5	Esab	4.82 Bn	4.61 Bn	307.21 Mn	9.75%
6	Gpgi	3.71 Bn	3.71 Bn	-	-
7	Worthington Enterprises	2.78 Bn	2.75 Bn	101.89 Mn	6.23%
8	Proto Labs	1.90 Bn	1.75 Bn	69.34 Mn	7.61%
9	Ryerson Holding	1.26 Bn	1.22 Bn	355.20 Mn	1.71%
10	Insteel Industries	590.85 Mn	567.91 Mn	20.10 Mn	5.86%

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