ATI vs. EQX: ATI vs. Equinox Gold Stock Comparison

November 11, 2026

How do ATI (ATI) and Equinox Gold (EQX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ATI (ATI) and Equinox Gold (EQX) both belong to the Metals & Mining industry, though ATI is classified under Steel while EQX falls under Gold.

Company profile comparison for ATI (ATI) and Equinox Gold (EQX)
Profile Item	ATI	EQX
Name	ATI Inc.	Equinox Gold Corp.
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Steel	Gold
Market Capitalization	23.88 billion USD	13.45 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE American
Listing Date	November 29, 1999	January 2, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ATI

EQX

GSPC

ATI (ATI) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ATI (ATI) and Equinox Gold (EQX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ATI (ATI) and Equinox Gold (EQX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
Total Return (1Y)	93.55%	1.87%
Total Return (3Y, Annualized)	64.24%	37.49%
Total Return (5Y, Annualized)	60.89%	8.54%

Risk Profile

Drawdown History

ATI

EQX

GSPC

ATI (ATI) vs. Equinox Gold (EQX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ATI (ATI) and Equinox Gold (EQX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
Volatility (1Y, Annualized)	43.42%	63.25%
Beta (5Y)	1.03	1.25
Max Drawdown (5Y)	-38.02%	-71.57%
Avg. Volume (3M)	1.70M	12.60M

Risk-Adjusted Performance

Risk-Return Positioning

ATI and EQX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
Sharpe Ratio (1Y)	2.06	-0.04
Sortino Ratio (1Y)	3.23	-0.06

Profitability

ROE (TTM)

ATI (ATI) at 28.73% sits in the top ROE quartile, while Equinox Gold (EQX) at 8.47% is closer to the peer norm — stronger capital efficiency for ATI.

ATI

Materials industry group

28.73%

Max: 52.88%
ATI: 28.73%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

EQX

Materials industry group

8.47%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
EQX: 8.47%
Q1: -3.41%
Min: -32.81%

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Equinox Gold (EQX) at 28.09% retains a top-quartile share of revenue as profit, ahead of ATI (ATI) at 11.08%, which keeps about the industry-typical share.

ATI

Materials industry group

11.08%

Max: 38.66%
Q3: 15.98%
ATI: 11.08%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

EQX

Materials industry group

28.09%

Max: 38.66%
EQX: 28.09%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Equinox Gold (EQX) at 32.14% operates in the top operating margin quartile, ahead of ATI (ATI) at 19.86%, which runs around its industry’s norm.

ATI

Materials industry group

19.86%

Max: 66.70%
Q3: 28.92%
ATI: 19.86%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

EQX

Materials industry group

32.14%

Max: 66.70%
EQX: 32.14%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
ROE (TTM)	28.73%	8.47%
ROA (TTM)	10.41%	6.74%
Net Margin (TTM)	11.08%	28.09%
Operating Margin (TTM)	19.86%	32.14%
Gross Margin (TTM)	25.08%	57.60%

Growth

Revenue Growth

Equinox Gold (EQX) at 99.07% clears its industry range for revenue growth, far stronger top-line momentum than ATI (ATI) at 5.16%, which is closer to a typical peer reading.

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ATI (ATI) at 11.76% and Equinox Gold (EQX) at -53.33% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
Revenue Growth (YoY)	5.16%	99.07%
Revenue Growth (3Y CAGR)	6.14%	24.04%
EPS Growth (YoY)	11.76%	-53.33%
EPS Growth (3Y CAGR)	43.72%	--

Financial Strength

Current Ratio (MRQ)

ATI (ATI) at 2.77 keeps current ratio within its industry’s typical mid-range, while Equinox Gold (EQX) at 1.33 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EQX.

ATI

Materials industry group

2.77

Max: 5.96
Q3: 3.30
ATI: 2.77
Median: 2.24
Q1: 1.45
Min: 0.16

EQX

Materials industry group

1.33

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
EQX: 1.33
Min: 0.16

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both ATI (ATI) at 0.87 and Equinox Gold (EQX) at 0.13 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ATI

Materials industry group

0.87

Max: 1.98
Q3: 0.89
ATI: 0.87
Median: 0.47
Q1: 0.13
Min: 0.00

EQX

Materials industry group

0.13

Max: 1.98
Q3: 0.89
Median: 0.47
EQX: 0.13
Q1: 0.13
Min: 0.00

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
Current Ratio (MRQ)	2.77	1.33
Debt / Equity (MRQ)	0.87	0.13
Net Debt / EBITDA	1.36	0.21

Dividends

Dividend Yield (TTM)

ATI (ATI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Equinox Gold (EQX) reports a yield of 0.27%, ranking against industry peers normally.

ATI

Materials industry group

0.00%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
ATI: 0.00%
Q1: 0.00%
Min: 0.00%

EQX

Materials industry group

0.27%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
EQX: 0.27%
Q1: 0.00%
Min: 0.00%

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

ATI (ATI) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Equinox Gold (EQX) reports a payout of 6.25%, ranking against industry peers normally.

ATI

Materials industry group

0.00%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
ATI: 0.00%
Q1: 0.00%
Min: 0.00%

EQX

Materials industry group

6.25%

Max: 83.62%
Q3: 41.37%
Median: 9.54%
EQX: 6.25%
Q1: 0.00%
Min: 0.00%

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
Dividend Yield (TTM)	0.00%	0.27%
Dividend Payout Ratio (TTM)	0.00%	6.25%

Valuation

P/E Ratio (TTM)

Equinox Gold (EQX) at 24.00 is near its industry’s usual P/E ratio, while ATI (ATI) at 43.95 sits in the richer quartile — ATI needs stronger growth or earnings quality to justify the premium.

ATI

Materials industry group

43.95

Max: 59.00
ATI: 43.95
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

EQX

Materials industry group

24.00

Max: 59.00
Q3: 32.93
EQX: 24.00
Median: 18.82
Q1: 11.96
Min: 3.93

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both ATI (ATI) at 4.76 and Equinox Gold (EQX) at 4.64 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

ATI

Materials industry group

4.76

Max: 9.62
ATI: 4.76
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

EQX

Materials industry group

4.64

Max: 9.62
EQX: 4.64
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Equinox Gold (EQX) at 1.43 sits near its industry’s typical P/B ratio, while ATI (ATI) at 11.91 prices above its benchmark range — ATI looks rich relative to book.

ATI

Materials industry group

11.91

ATI: 11.91
Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

EQX

Materials industry group

1.43

Max: 6.59
Q3: 3.55
Median: 2.08
EQX: 1.43
Q1: 1.26
Min: -0.17

ATI (ATI) vs. Equinox Gold (EQX): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for ATI (ATI) and Equinox Gold (EQX)
Metric	ATI	EQX
P/E Ratio (TTM)	43.95	24.00
P/S Ratio (TTM)	4.76	4.64
P/B Ratio (MRQ)	11.91	1.43
Free Cash Flow Yield (TTM)	1.01%	2.15%