ATI INC vs HOWMET AEROSPACE INC., two Steel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where ATI and HWM diverge most: on debt / equity, ATI reads 0.02 and HWM reads 0.85; on revenue growth, ATI reads +3.0% and HWM reads +14.2%. The rest of the comparable metrics sit closer together. What ATI's price implies is a somewhat stretched bet versus history (whole-company basis). What HWM's price implies is a demanding bet versus history and the cohort (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | ATI | HWM |
|---|---|---|
| Price | $197.76 | $289.40 |
| Market cap | $27.4B | $116.6B |
| Sector | Steel | Steel |
| Stage | Cyclical | Cyclical |
| P/E | 65.3 | 67.2 |
| P/B | 14.53 | 21.12 |
| P/S | 5.97 | 13.53 |
| EV/EBITDA | 32.6 | 45.9 |
| Revenue growth | +3.0% | +14.2% |
| Gross margin | 22.8% | — |
| Operating margin | 14.2% | 32.6% |
| Net margin | 9.3% | 20.2% |
| Return on equity | 22.6% | 31.6% |
| Return on assets | 8.1% | 13.3% |
| Return on invested capital | 30.2% | 18.5% |
| FCF yield | 2.0% | 1.4% |
| Dividend yield | — | 0.1% |
| Debt / equity | 0.02 | 0.85 |
| Current ratio | 2.67 | 2.44 |
| Altman Z (solvency) | 6.45 | 7.65 |
| Piotroski F (quality) | 6 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.