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6Apr 16, 2026·SEC
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Alcoa Corporation (AA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Alcoa Corporation (AA) stock price & volume — 10-year historical chart
Alcoa Corporation (AA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Alcoa Corporation (AA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $1.40vs $1.60-12.5% | $3.2Bvs $3.3B-2.6% |
| Q1 2026 | Jan 22, 2026 | $1.26vs $0.93+36.1% | $3.4Bvs $3.3B+5.3% |
| Q4 2025 | Oct 22, 2025 | $0.02vs $0.14+85.8% | $3.0Bvs $3.1B-3.1% |
| Q3 2025 | Jul 16, 2025 | $0.39vs $0.32+21.0% | $3.0Bvs $2.9B+3.8% |
Alcoa Corporation (AA) competitors in Bauxite, Alumina and Primary Aluminum — business model, growth, and fundamentals comparison
Alcoa Corporation (AA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Alcoa Corporation (AA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 11.78B | 13.52B | 10.49B | 9.37B | 12.44B | 12.76B | 10.71B | 12.18B | 12.74B |
| Revenue Growth % | 26.33% | 14.75% | -22.36% | -10.7% | 32.7% | 2.61% | -16.11% | 13.81% | 4.53% |
| Cost of Goods Sold | 9.76B | 10.82B | 9.29B | 8.61B | 9.81B | 10.83B | 10.46B | 10.69B | 11.01B |
| COGS % of Revenue | 82.85% | 80.07% | 88.55% | 91.84% | 78.92% | 84.85% | 97.75% | 87.71% | 86.42% |
| Gross Profit | 2.02B▲ 0% | 2.69B▲ 33.4% | 1.2B▼ 55.4% | 765M▼ 36.4% | 2.62B▲ 242.7% | 1.93B▼ 26.3% | 241M▼ 87.5% | 1.5B▲ 521.6% | 1.73B▲ 15.4% |
| Gross Margin % | 17.15% | 19.93% | 11.45% | 8.16% | 21.08% | 15.15% | 2.25% | 12.29% | 13.58% |
| Gross Profit Growth % | 184.91% | 33.37% | -55.38% | -36.36% | 242.75% | -26.28% | -87.53% | 521.58% | 15.42% |
| Operating Expenses | 312M | 279M | 307M | 233M | 258M | 236M | 265M | 332M | 758M |
| OpEx % of Revenue | 2.65% | 2.06% | 2.93% | 2.49% | 2.07% | 1.85% | 2.48% | 2.72% | 5.95% |
| Selling, General & Admin | 284M | 248M | 280M | 206M | 227M | 204M | 226M | 275M | 299M |
| SG&A % of Revenue | 2.41% | 1.83% | 2.67% | 2.2% | 1.83% | 1.6% | 2.11% | 2.26% | 2.35% |
| Research & Development | 32M | 31M | 27M | 27M | 31M | 32M | 39M | 57M | 24M |
| R&D % of Revenue | 0.27% | 0.23% | 0.26% | 0.29% | 0.25% | 0.25% | 0.36% | 0.47% | 0.19% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 435M |
| Operating Income | 1.71B▲ 0% | 2.42B▲ 41.4% | 895M▼ 62.9% | 532M▼ 40.6% | 2.36B▲ 344.4% | 1.7B▼ 28.2% | -24M▼ 101.4% | 1.17B▲ 4958.3% | 971M▼ 16.7% |
| Operating Margin % | 14.5% | 17.87% | 8.53% | 5.68% | 19.01% | 13.3% | -0.22% | 9.57% | 7.62% |
| Operating Income Growth % | 343.64% | 41.39% | -62.94% | -40.56% | 344.36% | -28.21% | -101.41% | 4958.33% | -16.72% |
| EBITDA | 2.46B | 3.15B | 1.61B | 1.19B | 3.03B | 2.31B | 608M | 1.81B | 1.59B |
| EBITDA Margin % | 20.88% | 23.29% | 15.32% | 12.64% | 24.35% | 18.13% | 5.68% | 14.84% | 12.52% |
| EBITDA Growth % | 123.03% | 27.97% | -48.92% | -26.31% | 155.53% | -23.58% | -73.73% | 197.37% | -11.84% |
| D&A (Non-Cash Add-back) | 752M | 733M | 713M | 653M | 664M | 617M | 632M | 642M | 623M |
| EBIT | 1.26B | 1.75B | -317M | 319M | 1.39B | 808M | -477M | 445M | 1.24B |
| Net Interest Income | -104M | -122M | -121M | -146M | -195M | -106M | -107M | -156M | -158M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 104M | 122M | 121M | 146M | 195M | 106M | 107M | 156M | 158M |
| Other Income/Expense | -549M | -790M | -1.33B | -359M | -1.17B | -995M | -560M | -877M | 112M |
| Pretax Income | 1.16B▲ 0% | 1.63B▲ 40.2% | -438M▼ 127.0% | 173M▲ 139.5% | 1.2B▲ 593.1% | 702M▼ 41.5% | -584M▼ 183.2% | 289M▲ 149.5% | 1.08B▲ 274.7% |
| Pretax Margin % | 9.84% | 12.02% | -4.17% | 1.85% | 9.64% | 5.5% | -5.45% | 2.37% | 8.5% |
| Income Tax | 592M | 732M | 415M | 187M | 629M | 664M | 189M | 265M | -49M |
| Effective Tax Rate % | 51.08% | 45.05% | -94.75% | 108.09% | 52.46% | 94.59% | -32.36% | 91.7% | -4.52% |
| Net Income | 217M▲ 0% | 250M▲ 15.2% | -1.13B▼ 550.0% | -170M▲ 84.9% | 429M▲ 352.4% | -123M▼ 128.7% | -651M▼ 429.3% | 60M▲ 109.2% | 1.15B▲ 1813.3% |
| Net Margin % | 1.84% | 1.85% | -10.72% | -1.81% | 3.45% | -0.96% | -6.08% | 0.49% | 9.01% |
| Net Income Growth % | 154.25% | 15.21% | -550% | 84.89% | 352.35% | -128.67% | -429.27% | 109.22% | 1813.33% |
| Net Income (Continuing) | 559M | 893M | -853M | -14M | 570M | 38M | -773M | 24M | 1.13B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 2.27B | 1.97B | 1.77B | 1.71B | 1.61B | 1.51B | 1.59B | 0 | 76M |
| EPS (Diluted) | 1.16▲ 0% | 1.20▲ 3.4% | -6.07▼ 605.8% | -0.91▲ 85.0% | 2.26▲ 348.4% | -0.57▼ 125.2% | -3.65▼ 540.4% | 0.28▲ 107.7% | 4.44▲ 1485.7% |
| EPS Growth % | 152.97% | 3.45% | -605.83% | 85.01% | 348.35% | -125.22% | -540.35% | 107.67% | 1485.71% |
| EPS (Basic) | 1.18 | 1.22 | -6.07 | -0.91 | 2.30 | -0.57 | -3.65 | 0.28 | 4.47 |
| Diluted Shares Outstanding | 186.98M | 188.53M | 185M | 186M | 190M | 181M | 178M | 214.05M | 263.3M |
| Basic Shares Outstanding | 184.42M | 186.23M | 185M | 186M | 186M | 181M | 178M | 212.42M | 260.93M |
| Dividend Payout Ratio | - | - | - | - | 4.43% | - | - | 148.33% | 9.06% |
Alcoa Corporation (AA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 4.24B | 4.33B | 3.53B | 4.52B | 5.03B | 5.25B | 4.41B | 4.91B | 5.47B |
| Cash & Short-Term Investments | 1.36B | 1.11B | 879M | 1.61B | 1.81B | 1.36B | 944M | 1.14B | 1.6B |
| Cash Only | 1.36B | 1.11B | 879M | 1.61B | 1.81B | 1.36B | 944M | 1.14B | 1.6B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.04B | 1B | 660M | 556M | 884M | 909M | 808M | 1.24B | 1.27B |
| Days Sales Outstanding | 32.32 | 27.08 | 22.95 | 21.65 | 25.94 | 26 | 27.55 | 37.12 | 36.34 |
| Inventory | 1.45B | 1.82B | 1.64B | 1.4B | 1.96B | 2.43B | 2.16B | 2B | 2.18B |
| Days Inventory Outstanding | 54.34 | 61.34 | 64.57 | 59.29 | 72.74 | 81.8 | 75.27 | 68.25 | 72.19 |
| Other Current Assets | 113M | 73M | 59M | 669M | 14M | 551M | 495M | 539M | 427M |
| Total Non-Current Assets | 13.21B | 11.8B | 11.1B | 10.34B | 10B | 9.51B | 9.75B | 9.15B | 10.74B |
| Property, Plant & Equipment | 9.14B | 8.33B | 7.92B | 7.19B | 6.62B | 6.49B | 6.79B | 6.39B | 20.54B |
| Fixed Asset Turnover | 1.29x | 1.62x | 1.33x | 1.30x | 1.88x | 1.97x | 1.58x | 1.91x | 0.62x |
| Goodwill | 154M | 151M | 150M | 145M | 144M | 145M | 146M | 142M | 0 |
| Intangible Assets | 62M | 57M | 52M | 45M | 36M | 29M | 37M | 36M | 0 |
| Long-Term Investments | 1.41B | 1.36B | 1.11B | 1.05B | 1.2B | 1.12B | 979M | 980M | 477M |
| Other Non-Current Assets | 1.63B | 1.35B | 1.23B | 1.25B | 1.49B | 1.42B | 1.47B | 1.32B | -11.04B |
| Total Assets | 17.45B▲ 0% | 16.13B▼ 7.5% | 14.63B▼ 9.3% | 14.86B▲ 1.6% | 15.03B▲ 1.1% | 14.76B▼ 1.8% | 14.15B▼ 4.1% | 14.06B▼ 0.6% | 16.21B▲ 15.3% |
| Asset Turnover | 0.68x | 0.84x | 0.72x | 0.63x | 0.83x | 0.86x | 0.76x | 0.87x | 0.79x |
| Asset Growth % | 4.22% | -7.54% | -9.3% | 1.57% | 1.11% | -1.79% | -4.07% | -0.64% | 15.27% |
| Total Current Liabilities | 3.25B | 2.92B | 2.56B | 2.76B | 3.22B | 3B | 3.03B | 3.4B | 3.77B |
| Accounts Payable | 1.9B | 1.66B | 1.48B | 1.4B | 1.67B | 1.76B | 1.71B | 1.8B | 1.94B |
| Days Payables Outstanding | 70.98 | 56.08 | 58.29 | 59.5 | 62.25 | 59.22 | 59.78 | 61.65 | 64.27 |
| Short-Term Debt | 16M | 1M | 1M | 79M | 76M | 1M | 135M | 125M | 1M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.06B | 829M | 974M | 1.19B | 1.1B | 1.02B | 1.09B | 1.36B | 1.83B |
| Current Ratio | 1.30x | 1.48x | 1.38x | 1.64x | 1.56x | 1.75x | 1.45x | 1.45x | 1.45x |
| Quick Ratio | 0.86x | 0.86x | 0.74x | 1.13x | 0.95x | 0.94x | 0.74x | 0.86x | 0.87x |
| Cash Conversion Cycle | 15.68 | 32.35 | 29.24 | 21.44 | 36.43 | 48.58 | 43.03 | 43.71 | 44.26 |
| Total Non-Current Liabilities | 7.4B | 5.63B | 6.18B | 7.08B | 5.52B | 5.16B | 5.28B | 5.51B | 6.24B |
| Long-Term Debt | 1.39B | 1.8B | 1.8B | 2.46B | 1.73B | 1.81B | 1.73B | 2.47B | 0 |
| Capital Lease Obligations | 0 | 0 | 100M | 82M | 64M | 59M | 104M | 223M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.94B | 3.76B | 4.23B | 4.49B | 3.69B | 3.27B | 3.42B | 2.81B | 6.24B |
| Total Liabilities | 10.65B | 8.54B | 8.74B | 9.84B | 8.74B | 8.17B | 8.31B | 8.91B | 10B |
| Total Debt | 1.4B | 1.8B | 1.9B | 2.62B | 1.87B | 1.87B | 1.97B | 2.82B | 1M |
| Net Debt | 46M | 689M | 1.02B | 1.02B | 52M | 503M | 1.03B | 1.68B | -1.6B |
| Debt / Equity | 0.21x | 0.24x | 0.32x | 0.52x | 0.30x | 0.28x | 0.34x | 0.55x | 0.00x |
| Debt / EBITDA | 0.57x | 0.57x | 1.18x | 2.21x | 0.62x | 0.81x | 3.24x | 1.56x | 0.00x |
| Net Debt / EBITDA | 0.02x | 0.22x | 0.63x | 0.86x | 0.02x | 0.22x | 1.69x | 0.93x | -1.00x |
| Interest Coverage | 16.42x | 19.80x | 7.40x | 3.64x | 12.12x | 16.01x | -0.22x | 7.47x | 6.15x |
| Total Equity | 6.8B▲ 0% | 7.59B▲ 11.6% | 5.89B▼ 22.4% | 5.02B▼ 14.8% | 6.28B▲ 25.3% | 6.59B▲ 4.9% | 5.84B▼ 11.3% | 5.16B▼ 11.8% | 6.21B▲ 20.4% |
| Equity Growth % | -11.68% | 11.62% | -22.43% | -14.78% | 25.28% | 4.85% | -11.29% | -11.77% | 20.4% |
| Book Value per Share | 36.36 | 40.25 | 31.82 | 26.97 | 33.07 | 36.40 | 32.84 | 24.09 | 23.58 |
| Total Shareholders' Equity | 4.52B | 5.62B | 4.11B | 3.31B | 4.67B | 5.08B | 4.25B | 5.16B | 6.13B |
| Common Stock | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 3M | 3M |
| Retained Earnings | 113M | 570M | -555M | -725M | -315M | -570M | -1.29B | -1.32B | -258M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.18B | -4.57B | -4.97B | -5.63B | -4.59B | -3.54B | -3.65B | -5.11B | -5.19B |
| Minority Interest | 2.27B | 1.97B | 1.77B | 1.71B | 1.61B | 1.51B | 1.59B | 0 | 76M |
Alcoa Corporation (AA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.22B | 448M | 686M | 394M | 920M | 822M | 91M | 622M | 1.19B |
| Operating CF Margin % | 10.39% | 3.31% | 6.54% | 4.2% | 7.4% | 6.44% | 0.85% | 5.11% | 9.3% |
| Operating CF Growth % | 493.57% | -63.4% | 53.13% | -42.57% | 133.5% | -10.65% | -88.93% | 583.52% | 90.51% |
| Net Income | 608M | 893M | -853M | -14M | 570M | 38M | -773M | 24M | 1.13B |
| Depreciation & Amortization | 752M | 733M | 713M | 653M | 664M | 617M | 632M | 642M | 623M |
| Stock-Based Compensation | 24M | 35M | 30M | 25M | 39M | 40M | 35M | 36M | 41M |
| Deferred Taxes | 168M | -30M | 15M | -26M | 147M | 219M | -22M | 23M | -269M |
| Other Non-Cash Items | 239M | -361M | 1.05B | -220M | 172M | 756M | 489M | 396M | -409M |
| Working Capital Changes | -567M | -822M | -265M | -24M | -672M | -848M | -270M | -499M | 67M |
| Change in Receivables | -118M | -43M | 283M | 16M | -414M | -59M | 104M | -493M | 71M |
| Change in Inventory | -238M | -278M | 137M | 122M | -639M | -547M | 243M | 51M | -57M |
| Change in Payables | 377M | -165M | -153M | 25M | 354M | 189M | -74M | 190M | 63M |
| Cash from Investing | -226M | -405M | -468M | -167M | 565M | -495M | -585M | -608M | -502M |
| Capital Expenditures | -405M | -399M | -379M | -353M | -390M | -480M | -531M | -580M | -618M |
| CapEx % of Revenue | 3.44% | 2.95% | 3.61% | 3.77% | 3.14% | 3.76% | 4.96% | 4.76% | 4.85% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 245M | 1M | 23M | 198M | 966M | 7M | 16M | 9M | -45M |
| Cash from Financing | -506M | -288M | -444M | 514M | -1.16B | -768M | 57M | 201M | -261M |
| Debt Issued (Net) | -32M | 425M | -7M | 738M | -799M | 3M | 55M | 353M | -164M |
| Equity Issued (Net) | 0 | -1000K | 0 | 0 | -1000K | -1000K | 0 | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | -19M | -72M | -72M | -90M | -105M |
| Share Repurchases | 0 | -50M | 0 | 0 | -150M | -500M | 0 | -15M | 0 |
| Other Financing | -474M | -663M | -437M | -224M | -190M | -199M | 74M | -47M | 8M |
| Net Change in Cash | 505M▲ 0% | -249M▼ 149.3% | -233M▲ 6.4% | 727M▲ 412.0% | 314M▼ 56.8% | -450M▼ 243.3% | -427M▲ 5.1% | 187M▲ 143.8% | 458M▲ 144.9% |
| Free Cash Flow | 819M▲ 0% | 49M▼ 94.0% | 307M▲ 526.5% | 41M▼ 86.6% | 530M▲ 1192.7% | 342M▼ 35.5% | -440M▼ 228.7% | 42M▲ 109.5% | 567M▲ 1250.0% |
| FCF Margin % | 6.95% | 0.36% | 2.93% | 0.44% | 4.26% | 2.68% | -4.11% | 0.34% | 4.45% |
| FCF Growth % | 214.55% | -94.02% | 526.53% | -86.65% | 1192.68% | -35.47% | -228.66% | 109.55% | 1250% |
| FCF per Share | 4.38 | 0.26 | 1.66 | 0.22 | 2.79 | 1.89 | -2.47 | 0.20 | 2.15 |
| FCF Conversion (FCF/Net Income) | 5.64x | 1.79x | -0.61x | -2.32x | 2.14x | -6.68x | -0.14x | 10.37x | 1.03x |
| Interest Paid | 100M | 111M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 363M | 507M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Alcoa Corporation (AA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -4.16% | 2.99% | 3.48% | -16.7% | -3.12% | 7.59% | -1.91% | -10.47% | 1.09% | 20.2% |
| Return on Invested Capital (ROIC) | 2.97% | 16.93% | 23.96% | 8.84% | 6.17% | 28.67% | 18.96% | -0.26% | 12.76% | 12.72% |
| Gross Margin | 7.6% | 17.15% | 19.93% | 11.45% | 8.16% | 21.08% | 15.15% | 2.25% | 12.29% | 13.58% |
| Net Margin | -4.29% | 1.84% | 1.85% | -10.72% | -1.81% | 3.45% | -0.96% | -6.08% | 0.49% | 9.01% |
| Debt / Equity | 0.19x | 0.21x | 0.24x | 0.32x | 0.52x | 0.30x | 0.28x | 0.34x | 0.55x | 0.00x |
| Interest Coverage | 1.58x | 16.42x | 19.80x | 7.40x | 3.64x | 12.12x | 16.01x | -0.22x | 7.47x | 6.15x |
| FCF Conversion | 0.78x | 5.64x | 1.79x | -0.61x | -2.32x | 2.14x | -6.68x | -0.14x | 10.37x | 1.03x |
| Revenue Growth | -16.89% | 26.33% | 14.75% | -22.36% | -10.7% | 32.7% | 2.61% | -16.11% | 13.81% | 4.53% |
Alcoa Corporation (AA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 16, 2026·SEC
Apr 14, 2026·SEC
Jan 22, 2026·SEC
Alcoa Corporation (AA) stock FAQ — growth, dividends, profitability & financials explained
Alcoa Corporation (AA) reported $12.74B in revenue for fiscal year 2025. This represents a 47% decrease from $23.95B in 2014.
Alcoa Corporation (AA) grew revenue by 4.5% over the past year. Growth has been modest.
Yes, Alcoa Corporation (AA) is profitable, generating $1.15B in net income for fiscal year 2025 (9.0% net margin).
Yes, Alcoa Corporation (AA) pays a dividend with a yield of 0.62%. This makes it attractive for income-focused investors.
Alcoa Corporation (AA) has a return on equity (ROE) of 20.2%. This is excellent, indicating efficient use of shareholder capital.
Alcoa Corporation (AA) generated $567.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Alcoa Corporation (AA) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates