ATI vs. RGLD: ATI vs. Royal Gold Stock Comparison

November 11, 2026

How do ATI (ATI) and Royal Gold (RGLD) 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 Royal Gold (RGLD) both belong to the Metals & Mining industry, though ATI is classified under Steel while RGLD falls under Gold.

Company profile comparison for ATI (ATI) and Royal Gold (RGLD)
Profile Item	ATI	RGLD
Name	ATI Inc.	Royal Gold, Inc.
Country/Region	United States	United States
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	22.47 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	November 29, 1999	June 9, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ATI

RGLD

GSPC

ATI (ATI) vs. Royal Gold (RGLD), 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 Royal Gold (RGLD). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
Total Return (1Y)	93.55%	60.60%
Total Return (3Y, Annualized)	64.24%	39.65%
Total Return (5Y, Annualized)	60.89%	23.26%

Risk Profile

Drawdown History

ATI

RGLD

GSPC

ATI (ATI) vs. Royal Gold (RGLD), 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 Royal Gold (RGLD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
Volatility (1Y, Annualized)	43.42%	41.91%
Beta (5Y)	1.03	0.39
Max Drawdown (5Y)	-38.02%	-40.73%
Avg. Volume (3M)	1.70M	667.01K

Risk-Adjusted Performance

Risk-Return Positioning

ATI and RGLD 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 Royal Gold (RGLD)
Metric	ATI	RGLD
Sharpe Ratio (1Y)	2.06	1.34
Sortino Ratio (1Y)	3.23	2.00

Profitability

ROE (TTM)

ATI (ATI) at 28.73% sits in the top ROE quartile, while Royal Gold (RGLD) at 15.03% 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%

RGLD

Materials industry group

15.03%

Max: 52.88%
Q3: 19.49%
RGLD: 15.03%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

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

Net Margin (TTM)

Royal Gold (RGLD) at 47.99% converts revenue to bottom-line profit above its industry’s benchmark range, while ATI (ATI) at 11.08% keeps roughly the typical share for its industry.

ATI

Materials industry group

11.08%

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

RGLD

Materials industry group

47.99%

RGLD: 47.99%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

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

Operating Margin (TTM)

Royal Gold (RGLD) at 65.85% 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%

RGLD

Materials industry group

65.85%

Max: 66.70%
RGLD: 65.85%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

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

Profitability Metrics

Profitability metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
ROE (TTM)	28.73%	15.03%
ROA (TTM)	10.41%	9.97%
Net Margin (TTM)	11.08%	47.99%
Operating Margin (TTM)	19.86%	65.85%
Gross Margin (TTM)	25.08%	86.63%

Growth

Revenue Growth

Royal Gold (RGLD) at 43.24% sits in the top revenue growth quartile, while ATI (ATI) at 5.16% is closer to the peer norm — faster top-line expansion for RGLD.

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

EPS Growth

Both ATI (ATI) at 11.76% and Royal Gold (RGLD) at 32.74% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
Revenue Growth (YoY)	5.16%	43.24%
Revenue Growth (3Y CAGR)	6.14%	19.54%
EPS Growth (YoY)	11.76%	32.74%
EPS Growth (3Y CAGR)	43.72%	22.60%

Financial Strength

Current Ratio (MRQ)

Both ATI (ATI) at 2.77 and Royal Gold (RGLD) at 2.40 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ATI

Materials industry group

2.77

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

RGLD

Materials industry group

2.40

Max: 5.96
Q3: 3.30
RGLD: 2.40
Median: 2.24
Q1: 1.45
Min: 0.16

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

Debt / Equity (MRQ)

Royal Gold (RGLD) at 0.02 keeps leverage in the lower industry quartile, while ATI (ATI) at 0.87 runs a more typical debt-to-equity mix.

ATI

Materials industry group

0.87

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

RGLD

Materials industry group

0.02

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
RGLD: 0.02
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
Current Ratio (MRQ)	2.77	2.40
Debt / Equity (MRQ)	0.87	0.02
Net Debt / EBITDA	1.36	-0.03

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 Royal Gold (RGLD) reports a yield of 0.74%, 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%

RGLD

Materials industry group

0.74%

Max: 4.52%
Q3: 1.85%
RGLD: 0.74%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

ATI (ATI) vs. Royal Gold (RGLD): 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 Royal Gold (RGLD) reports a payout of 19.41%, 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%

RGLD

Materials industry group

19.41%

Max: 83.62%
Q3: 41.37%
RGLD: 19.41%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
Dividend Yield (TTM)	0.00%	0.74%
Dividend Payout Ratio (TTM)	0.00%	19.41%

Valuation

P/E Ratio (TTM)

Royal Gold (RGLD) at 27.15 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

RGLD

Materials industry group

27.15

Max: 59.00
Q3: 32.93
RGLD: 27.15
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

Both look expensive on sales: ATI (ATI) at 4.76 sits in the upper P/S ratio quartile, and Royal Gold (RGLD) at 12.86 prices even higher, above its industry range.

ATI

Materials industry group

4.76

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

RGLD

Materials industry group

12.86

RGLD: 12.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

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

P/B Ratio (MRQ)

Royal Gold (RGLD) at 2.91 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

RGLD

Materials industry group

2.91

Max: 6.59
Q3: 3.55
RGLD: 2.91
Median: 2.08
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for ATI (ATI) and Royal Gold (RGLD)
Metric	ATI	RGLD
P/E Ratio (TTM)	43.95	27.15
P/S Ratio (TTM)	4.76	12.86
P/B Ratio (MRQ)	11.91	2.91
Free Cash Flow Yield (TTM)	1.01%	4.24%