ATI vs. ESAB: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at ATI and ESAB, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
ATI’s market capitalization of 12.25 billion USD is substantially larger than ESAB’s 7.61 billion USD, indicating a significant difference in their market valuations.
With betas of 1.13 for ATI and 1.27 for ESAB, both stocks show similar sensitivity to overall market movements.
| Symbol | ATI | ESAB |
|---|---|---|
| Company Name | ATI Inc. | ESAB Corporation |
| Country | US | US |
| Sector | Industrials | Industrials |
| Industry | Manufacturing - Metal Fabrication | Manufacturing - Metal Fabrication |
| CEO | Kimberly A. Fields | Shyam P. Kambeyanda |
| Price | 86.85 USD | 125.45 USD |
| Market Cap | 12.25 billion USD | 7.61 billion USD |
| Beta | 1.13 | 1.27 |
| Exchange | NYSE | NYSE |
| IPO Date | November 29, 1999 | March 29, 2022 |
| ADR | No | No |
Historical Performance
This chart compares the performance of ATI and ESAB by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.
Data is adjusted for dividends and splits.
Profitability
Return on Equity
ATI
23.21%
Manufacturing - Metal Fabrication Industry
- Max
- 23.40%
- Q3
- 15.08%
- Median
- 9.30%
- Q1
- 2.46%
- Min
- -0.79%
In the upper quartile for the Manufacturing - Metal Fabrication industry, ATI’s Return on Equity of 23.21% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.
ESAB
15.08%
Manufacturing - Metal Fabrication Industry
- Max
- 23.40%
- Q3
- 15.08%
- Median
- 9.30%
- Q1
- 2.46%
- Min
- -0.79%
ESAB’s Return on Equity of 15.08% is on par with the norm for the Manufacturing - Metal Fabrication industry, indicating its profitability relative to shareholder equity is typical for the sector.
Return on Invested Capital
ATI
12.04%
Manufacturing - Metal Fabrication Industry
- Max
- 21.57%
- Q3
- 14.50%
- Median
- 8.86%
- Q1
- 5.72%
- Min
- 1.14%
ATI’s Return on Invested Capital of 12.04% is in line with the norm for the Manufacturing - Metal Fabrication industry, reflecting a standard level of efficiency in generating profits from its capital base.
ESAB
10.04%
Manufacturing - Metal Fabrication Industry
- Max
- 21.57%
- Q3
- 14.50%
- Median
- 8.86%
- Q1
- 5.72%
- Min
- 1.14%
ESAB’s Return on Invested Capital of 10.04% is in line with the norm for the Manufacturing - Metal Fabrication industry, reflecting a standard level of efficiency in generating profits from its capital base.
Net Profit Margin
ATI
8.93%
Manufacturing - Metal Fabrication Industry
- Max
- 15.92%
- Q3
- 8.93%
- Median
- 6.65%
- Q1
- 2.99%
- Min
- -2.03%
ATI’s Net Profit Margin of 8.93% is aligned with the median group of its peers in the Manufacturing - Metal Fabrication industry. This indicates its ability to convert revenue into profit is typical for the sector.
ESAB
9.98%
Manufacturing - Metal Fabrication Industry
- Max
- 15.92%
- Q3
- 8.93%
- Median
- 6.65%
- Q1
- 2.99%
- Min
- -2.03%
A Net Profit Margin of 9.98% places ESAB in the upper quartile for the Manufacturing - Metal Fabrication industry, signifying strong profitability and more effective cost management than most of its peers.
Operating Profit Margin
ATI
14.35%
Manufacturing - Metal Fabrication Industry
- Max
- 21.93%
- Q3
- 16.54%
- Median
- 9.11%
- Q1
- 3.53%
- Min
- 0.65%
ATI’s Operating Profit Margin of 14.35% is around the midpoint for the Manufacturing - Metal Fabrication industry, indicating that its efficiency in managing core business operations is typical for the sector.
ESAB
16.54%
Manufacturing - Metal Fabrication Industry
- Max
- 21.93%
- Q3
- 16.54%
- Median
- 9.11%
- Q1
- 3.53%
- Min
- 0.65%
ESAB’s Operating Profit Margin of 16.54% is around the midpoint for the Manufacturing - Metal Fabrication industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | ATI | ESAB |
|---|---|---|
| Return on Equity (TTM) | 23.21% | 15.08% |
| Return on Assets (TTM) | 7.69% | 6.46% |
| Return on Invested Capital (TTM) | 12.04% | 10.04% |
| Net Profit Margin (TTM) | 8.93% | 9.98% |
| Operating Profit Margin (TTM) | 14.35% | 16.54% |
| Gross Profit Margin (TTM) | 20.98% | 37.74% |
Financial Strength
Current Ratio
ATI
2.53
Manufacturing - Metal Fabrication Industry
- Max
- 4.29
- Q3
- 3.75
- Median
- 2.53
- Q1
- 1.70
- Min
- 0.23
ATI’s Current Ratio of 2.53 aligns with the median group of the Manufacturing - Metal Fabrication industry, indicating that its short-term liquidity is in line with its sector peers.
ESAB
1.91
Manufacturing - Metal Fabrication Industry
- Max
- 4.29
- Q3
- 3.75
- Median
- 2.53
- Q1
- 1.70
- Min
- 0.23
ESAB’s Current Ratio of 1.91 aligns with the median group of the Manufacturing - Metal Fabrication industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio
ATI
1.01
Manufacturing - Metal Fabrication Industry
- Max
- 1.08
- Q3
- 0.66
- Median
- 0.34
- Q1
- 0.06
- Min
- 0.00
ATI’s leverage is in the upper quartile of the Manufacturing - Metal Fabrication industry, with a Debt-to-Equity Ratio of 1.01. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.
ESAB
0.61
Manufacturing - Metal Fabrication Industry
- Max
- 1.08
- Q3
- 0.66
- Median
- 0.34
- Q1
- 0.06
- Min
- 0.00
ESAB’s Debt-to-Equity Ratio of 0.61 is typical for the Manufacturing - Metal Fabrication industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
Interest Coverage Ratio
ATI
6.12
Manufacturing - Metal Fabrication Industry
- Max
- 10.78
- Q3
- 10.60
- Median
- 7.36
- Q1
- 3.87
- Min
- 0.89
ATI’s Interest Coverage Ratio of 6.12 is positioned comfortably within the norm for the Manufacturing - Metal Fabrication industry, indicating a standard and healthy capacity to cover its interest payments.
ESAB
6.99
Manufacturing - Metal Fabrication Industry
- Max
- 10.78
- Q3
- 10.60
- Median
- 7.36
- Q1
- 3.87
- Min
- 0.89
ESAB’s Interest Coverage Ratio of 6.99 is positioned comfortably within the norm for the Manufacturing - Metal Fabrication industry, indicating a standard and healthy capacity to cover its interest payments.
Financial Strength at a Glance
| Symbol | ATI | ESAB |
|---|---|---|
| Current Ratio (TTM) | 2.53 | 1.91 |
| Quick Ratio (TTM) | 1.30 | 1.24 |
| Debt-to-Equity Ratio (TTM) | 1.01 | 0.61 |
| Debt-to-Asset Ratio (TTM) | 0.37 | 0.27 |
| Net Debt-to-EBITDA Ratio (TTM) | 1.90 | 1.80 |
| Interest Coverage Ratio (TTM) | 6.12 | 6.99 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for ATI and ESAB. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
Free Cash Flow Growth
Dividend
Dividend Yield
ATI
0.00%
Manufacturing - Metal Fabrication Industry
- Max
- 3.39%
- Q3
- 1.07%
- Median
- 0.27%
- Q1
- 0.00%
- Min
- 0.00%
ATI currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
ESAB
0.27%
Manufacturing - Metal Fabrication Industry
- Max
- 3.39%
- Q3
- 1.07%
- Median
- 0.27%
- Q1
- 0.00%
- Min
- 0.00%
ESAB’s Dividend Yield of 0.27% is consistent with its peers in the Manufacturing - Metal Fabrication industry, providing a dividend return that is standard for its sector.
Dividend Payout Ratio
ATI
0.00%
Manufacturing - Metal Fabrication Industry
- Max
- 96.53%
- Q3
- 19.10%
- Median
- 6.69%
- Q1
- 0.00%
- Min
- 0.00%
ATI has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.
ESAB
6.69%
Manufacturing - Metal Fabrication Industry
- Max
- 96.53%
- Q3
- 19.10%
- Median
- 6.69%
- Q1
- 0.00%
- Min
- 0.00%
ESAB’s Dividend Payout Ratio of 6.69% is within the typical range for the Manufacturing - Metal Fabrication industry, suggesting a balanced approach between shareholder payouts and company reinvestment.
Dividend at a Glance
| Symbol | ATI | ESAB |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.27% |
| Dividend Payout Ratio (TTM) | 0.00% | 6.69% |
Valuation
Price-to-Earnings Ratio
ATI
30.87
Manufacturing - Metal Fabrication Industry
- Max
- 38.69
- Q3
- 32.70
- Median
- 28.84
- Q1
- 16.47
- Min
- 12.59
ATI’s P/E Ratio of 30.87 is within the middle range for the Manufacturing - Metal Fabrication industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.
ESAB
27.89
Manufacturing - Metal Fabrication Industry
- Max
- 38.69
- Q3
- 32.70
- Median
- 28.84
- Q1
- 16.47
- Min
- 12.59
ESAB’s P/E Ratio of 27.89 is within the middle range for the Manufacturing - Metal Fabrication industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.
Forward P/E to Growth Ratio
ATI
1.70
Manufacturing - Metal Fabrication Industry
- Max
- 4.49
- Q3
- 3.46
- Median
- 2.32
- Q1
- 1.70
- Min
- 1.00
The Forward PEG Ratio is often not a primary valuation metric in the Manufacturing - Metal Fabrication industry.
ESAB
3.17
Manufacturing - Metal Fabrication Industry
- Max
- 4.49
- Q3
- 3.46
- Median
- 2.32
- Q1
- 1.70
- Min
- 1.00
The Forward PEG Ratio is often not a primary valuation metric in the Manufacturing - Metal Fabrication industry.
Price-to-Sales Ratio
ATI
2.74
Manufacturing - Metal Fabrication Industry
- Max
- 4.70
- Q3
- 2.74
- Median
- 1.93
- Q1
- 0.83
- Min
- 0.16
ATI’s P/S Ratio of 2.74 is in the upper echelon for the Manufacturing - Metal Fabrication industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.
ESAB
2.79
Manufacturing - Metal Fabrication Industry
- Max
- 4.70
- Q3
- 2.74
- Median
- 1.93
- Q1
- 0.83
- Min
- 0.16
ESAB’s P/S Ratio of 2.79 is in the upper echelon for the Manufacturing - Metal Fabrication industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.
Price-to-Book Ratio
ATI
6.57
Manufacturing - Metal Fabrication Industry
- Max
- 6.57
- Q3
- 3.47
- Median
- 2.44
- Q1
- 1.33
- Min
- 0.88
At 6.57, ATI’s P/B Ratio is at an extreme premium to the Manufacturing - Metal Fabrication industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.
ESAB
3.98
Manufacturing - Metal Fabrication Industry
- Max
- 6.57
- Q3
- 3.47
- Median
- 2.44
- Q1
- 1.33
- Min
- 0.88
ESAB’s P/B Ratio of 3.98 is in the upper tier for the Manufacturing - Metal Fabrication industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.
Valuation at a Glance
| Symbol | ATI | ESAB |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 30.87 | 27.89 |
| Forward PEG Ratio (TTM) | 1.70 | 3.17 |
| Price-to-Sales Ratio (P/S, TTM) | 2.74 | 2.79 |
| Price-to-Book Ratio (P/B, TTM) | 6.57 | 3.98 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | 65.55 | 25.81 |
| EV-to-EBITDA (TTM) | 18.35 | 17.62 |
| EV-to-Sales (TTM) | 3.06 | 3.10 |