ATI
ATI · Aerospace & Defense
$156.88
3.1%Moog
MOG-A · Aerospace & Defense
$341.34
0.1%The short version
- ATI is the larger business, with $4.6B of revenue in fiscal 2025 against $3.9B for Moog.
- Moog grew revenue faster (7.0%, against 5.2%).
- ATI kept more of each dollar of sales as operating profit (14.0% operating margin, against 11.7% operating margin).
- ATI turned more of its sales into free cash flow (7.3% FCF margin, against 3.3% FCF margin).
- ATI earned a higher return on the capital invested in it (16.7%, against 11.7%).
- Investors pay more for each dollar of ATI’s earnings: a P/E of 46.0x against 29.0x for Moog.
| Latest fiscal year | ATI · FY25 | MOG-A · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.7B | $11.0B |
| Revenue | $4.6B | $3.9B |
| Free cash flow | $334M | $128M |
| Net income | $404M | $235M |
| Growth | ||
| Revenue growth | 5.2% | 7.0% |
| 5-year growth | 9.0% | 6.0% |
| Share count change | −3.3% | −0.9% |
| Profitability | ||
| Gross margin | 22.0% | 27.4% |
| Operating margin | 14.0% | 11.7% |
| Net margin | 8.8% | 6.1% |
| FCF margin | 7.3% | 3.3% |
| Return on capital | 16.7% | 11.7% |
| Return on equity | 22.1% | 12.3% |
| Balance sheet | ||
| Net debt | $1.3B | $1.0B |
| Net debt / EBITDA | 1.6x | 1.8x |
| Dividends and buybacks | $470M | $179M |
| Valuation & quality | ||
| P/E | 46.0x | 29.0x |
| Piotroski F-score | 9 | 7 |
FY16
ATI $3.1B
MOG-A $2.4B
FY17
ATI $3.5B
MOG-A $2.5B
FY18
ATI $4.0B
MOG-A $2.7B
FY19
ATI $4.1B
MOG-A $2.9B
FY20
ATI $3.0B
MOG-A $2.9B
FY21
ATI $2.8B
MOG-A $2.9B
FY22
ATI $3.8B
MOG-A $3.0B
FY23
ATI $4.2B
MOG-A $3.3B
FY24
ATI $4.4B
MOG-A $3.6B
FY25
ATI $4.6B
MOG-A $3.9B
ATI
MOG-A
FY16
ATI −17.3%
MOG-A 9.9%
FY17
ATI 3.8%
MOG-A 10.4%
FY18
ATI 9.0%
MOG-A 9.7%
FY19
ATI 8.9%
MOG-A 11.1%
FY20
ATI −43.7%
MOG-A 7.5%
FY21
ATI 4.2%
MOG-A 9.5%
FY22
ATI 7.5%
MOG-A 9.3%
FY23
ATI 11.2%
MOG-A 10.4%
FY24
ATI 14.0%
MOG-A 11.2%
FY25
ATI 14.0%
MOG-A 11.7%
ATI
MOG-A
FY16
ATI −$246M
MOG-A $149M
FY17
ATI −$100M
MOG-A $142M
FY18
ATI $254M
MOG-A $7.9M
FY19
ATI $61.9M
MOG-A $63.0M
FY20
ATI $30.4M
MOG-A $191M
FY21
ATI −$137M
MOG-A $164M
FY22
ATI $94.0M
MOG-A $107M
FY23
ATI −$115M
MOG-A −$37.7M
FY24
ATI $168M
MOG-A $45.9M
FY25
ATI $334M
MOG-A $128M
ATI
MOG-A
FY16
ATI −13.1%
MOG-A 9.9%
FY17
ATI 3.4%
MOG-A 11.5%
FY18
ATI 10.9%
MOG-A 7.3%
FY19
ATI 11.8%
MOG-A 12.3%
FY20
ATI −44.4%
MOG-A 10.4%
FY21
ATI 3.5%
MOG-A 9.7%
FY22
ATI 12.6%
MOG-A 9.8%
FY23
ATI 18.1%
MOG-A 11.6%
FY24
ATI 16.4%
MOG-A 12.0%
FY25
ATI 16.7%
MOG-A 11.7%
ATI
MOG-A
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.