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Side-by-side financial comparison of ATI INC (ATI) and PPL Corporation (PPL). Click either name above to swap in a different company.

PPL Corporation is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 2.0× ATI INC). PPL Corporation runs the higher net margin — 11.3% vs 8.2%, a 3.1% gap on every dollar of revenue. On growth, PPL Corporation posted the faster year-over-year revenue change (7.2% vs 0.4%). ATI INC produced more free cash flow last quarter ($223.1M vs $-614.0M). Over the past eight quarters, ATI INC's revenue compounded faster (6.2% CAGR vs 1.0%).

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

ATI vs PPL — Head-to-Head

Bigger by revenue
PPL
PPL
2.0× larger
PPL
$2.3B
$1.2B
ATI
Growing faster (revenue YoY)
PPL
PPL
+6.8% gap
PPL
7.2%
0.4%
ATI
Higher net margin
PPL
PPL
3.1% more per $
PPL
11.3%
8.2%
ATI
More free cash flow
ATI
ATI
$837.1M more FCF
ATI
$223.1M
$-614.0M
PPL
Faster 2-yr revenue CAGR
ATI
ATI
Annualised
ATI
6.2%
1.0%
PPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATI
ATI
PPL
PPL
Revenue
$1.2B
$2.3B
Net Profit
$96.6M
$266.0M
Gross Margin
23.2%
Operating Margin
14.5%
20.3%
Net Margin
8.2%
11.3%
Revenue YoY
0.4%
7.2%
Net Profit YoY
-29.5%
50.3%
EPS (diluted)
$0.70
$0.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATI
ATI
PPL
PPL
Q4 25
$1.2B
$2.3B
Q3 25
$1.1B
$2.2B
Q2 25
$1.1B
$2.0B
Q1 25
$1.1B
$2.5B
Q4 24
$1.2B
$2.2B
Q3 24
$1.1B
$2.1B
Q2 24
$1.1B
$1.9B
Q1 24
$1.0B
$2.3B
Net Profit
ATI
ATI
PPL
PPL
Q4 25
$96.6M
$266.0M
Q3 25
$110.0M
$318.0M
Q2 25
$100.7M
$183.0M
Q1 25
$97.0M
$414.0M
Q4 24
$137.1M
$177.0M
Q3 24
$82.7M
$214.0M
Q2 24
$81.9M
$190.0M
Q1 24
$66.1M
$307.0M
Gross Margin
ATI
ATI
PPL
PPL
Q4 25
23.2%
Q3 25
22.7%
Q2 25
21.3%
Q1 25
20.6%
Q4 24
21.2%
Q3 24
21.4%
Q2 24
20.8%
Q1 24
18.9%
Operating Margin
ATI
ATI
PPL
PPL
Q4 25
14.5%
20.3%
Q3 25
14.4%
25.4%
Q2 25
14.1%
19.9%
Q1 25
12.8%
26.6%
Q4 24
17.8%
17.2%
Q3 24
13.5%
20.6%
Q2 24
13.0%
20.8%
Q1 24
11.0%
23.7%
Net Margin
ATI
ATI
PPL
PPL
Q4 25
8.2%
11.3%
Q3 25
9.8%
14.2%
Q2 25
8.8%
9.0%
Q1 25
8.5%
16.3%
Q4 24
11.7%
8.1%
Q3 24
7.9%
10.3%
Q2 24
7.5%
10.1%
Q1 24
6.3%
13.3%
EPS (diluted)
ATI
ATI
PPL
PPL
Q4 25
$0.70
$0.35
Q3 25
$0.78
$0.43
Q2 25
$0.70
$0.25
Q1 25
$0.67
$0.56
Q4 24
$0.94
$0.23
Q3 24
$0.57
$0.29
Q2 24
$0.58
$0.26
Q1 24
$0.46
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATI
ATI
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$416.7M
$1.1B
Total DebtLower is stronger
$1.7B
$18.9B
Stockholders' EquityBook value
$1.8B
$14.9B
Total Assets
$5.1B
$45.2B
Debt / EquityLower = less leverage
0.95×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATI
ATI
PPL
PPL
Q4 25
$416.7M
$1.1B
Q3 25
$372.2M
$1.1B
Q2 25
$319.6M
$294.0M
Q1 25
$475.8M
$312.0M
Q4 24
$721.2M
$306.0M
Q3 24
$406.6M
$542.0M
Q2 24
$425.6M
$282.0M
Q1 24
$394.4M
$276.0M
Total Debt
ATI
ATI
PPL
PPL
Q4 25
$1.7B
$18.9B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
$16.5B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$2.1B
Stockholders' Equity
ATI
ATI
PPL
PPL
Q4 25
$1.8B
$14.9B
Q3 25
$1.7B
$14.4B
Q2 25
$1.7B
$14.3B
Q1 25
$1.9B
$14.3B
Q4 24
$1.9B
$14.1B
Q3 24
$1.8B
$14.1B
Q2 24
$1.4B
$14.1B
Q1 24
$1.3B
$14.1B
Total Assets
ATI
ATI
PPL
PPL
Q4 25
$5.1B
$45.2B
Q3 25
$5.0B
$43.9B
Q2 25
$5.0B
$42.4B
Q1 25
$5.2B
$41.8B
Q4 24
$5.2B
$41.1B
Q3 24
$5.1B
$40.5B
Q2 24
$4.9B
$39.8B
Q1 24
$4.8B
$39.6B
Debt / Equity
ATI
ATI
PPL
PPL
Q4 25
0.95×
1.27×
Q3 25
1.00×
Q2 25
0.98×
Q1 25
0.91×
Q4 24
0.93×
1.17×
Q3 24
1.04×
Q2 24
1.37×
Q1 24
1.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATI
ATI
PPL
PPL
Operating Cash FlowLast quarter
$315.8M
$548.0M
Free Cash FlowOCF − Capex
$223.1M
$-614.0M
FCF MarginFCF / Revenue
19.0%
-26.1%
Capex IntensityCapex / Revenue
7.9%
49.5%
Cash ConversionOCF / Net Profit
3.27×
2.06×
TTM Free Cash FlowTrailing 4 quarters
$333.7M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATI
ATI
PPL
PPL
Q4 25
$315.8M
$548.0M
Q3 25
$229.5M
$966.0M
Q2 25
$161.5M
$602.0M
Q1 25
$-92.5M
$513.0M
Q4 24
$380.9M
$511.0M
Q3 24
$24.0M
$781.0M
Q2 24
$101.1M
$766.0M
Q1 24
$-98.8M
$282.0M
Free Cash Flow
ATI
ATI
PPL
PPL
Q4 25
$223.1M
$-614.0M
Q3 25
$167.0M
$-179.0M
Q2 25
$89.4M
$-328.0M
Q1 25
$-145.8M
$-280.0M
Q4 24
$333.6M
$-349.0M
Q3 24
$-41.8M
$102.0M
Q2 24
$40.9M
$96.0M
Q1 24
$-164.6M
$-314.0M
FCF Margin
ATI
ATI
PPL
PPL
Q4 25
19.0%
-26.1%
Q3 25
14.8%
-8.0%
Q2 25
7.8%
-16.1%
Q1 25
-12.7%
-11.0%
Q4 24
28.4%
-15.9%
Q3 24
-4.0%
4.9%
Q2 24
3.7%
5.1%
Q1 24
-15.8%
-13.6%
Capex Intensity
ATI
ATI
PPL
PPL
Q4 25
7.9%
49.5%
Q3 25
5.6%
51.2%
Q2 25
6.3%
45.6%
Q1 25
4.7%
31.2%
Q4 24
4.0%
39.3%
Q3 24
6.3%
32.7%
Q2 24
5.5%
35.8%
Q1 24
6.3%
25.9%
Cash Conversion
ATI
ATI
PPL
PPL
Q4 25
3.27×
2.06×
Q3 25
2.09×
3.04×
Q2 25
1.60×
3.29×
Q1 25
-0.95×
1.24×
Q4 24
2.78×
2.89×
Q3 24
0.29×
3.65×
Q2 24
1.23×
4.03×
Q1 24
-1.49×
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATI
ATI

Other$527.1M45%
Advanced Alloys Solutions$333.5M28%
Airframes Commercial$82.0M7%
Defense$73.7M6%
Electronics Market$53.1M5%
Internal Customers$50.9M4%
Specialty Energy$29.3M2%
Medical Market$12.2M1%
Construction Mining Market$7.2M1%
Other Market$5.6M0%
Conventional Energy$1.9M0%
Automotive Market$600.0K0%

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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