Last 41 quarters of trend data · Basic Materials · Aluminum
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Alcoa Corporation's quarterly P/E stands at 15.6x, up 25.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 376.7% YoY to 11.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 14.11 | 15.63 | 9.24 | 11.71 | 3.68 | 12.43 | 25.38 | 90.41 | — | — | — | — | — |
| — | +25.8% | -63.6% | -87.0% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.27 | 1.01 | 0.71 | 0.64 | 0.60 | 0.61 | 0.80 | 0.64 | 0.57 | 0.58 | 0.49 | 0.56 | 0.69 |
| — | +65.3% | -10.7% | +0.1% | +5.6% | +5.0% | +63.4% | +14.5% | -17.5% | -21.6% | -6.6% | -1.2% | -44.3% | |
| P/B Ratio | 2.66 | 2.25 | 1.32 | 1.23 | 1.36 | 1.89 | 1.72 | 1.33 | 1.09 | 1.04 | 0.85 | 0.94 | 1.20 |
| — | +19.1% | -22.9% | -7.3% | +24.1% | +82.3% | +102.2% | +42.2% | -9.0% | -15.0% | -2.9% | -19.6% | -55.5% | |
| P/FCF | 28.60 | 21.59 | 32.25 | 5.38 | — | 9.92 | — | 14.63 | — | 151.70 | — | — | — |
| — | +117.7% | — | -63.2% | — | -93.5% | — | — | — | — | — | — | — | |
| EV / EBITDA | 9.17 | 11.69 | 14.44 | 8.10 | 2.76 | 2.45 | 6.21 | 7.18 | 10.24 | 19.07 | 12.62 | 11.66 | 8.31 |
| — | +376.7% | +132.5% | +12.9% | -73.0% | -87.1% | -50.8% | -38.5% | +23.2% | -72.3% | +33.4% | +415.8% | +127.3% | |
| EV / EBIT | 15.06 | 30.09 | 15.23 | 10.16 | 3.24 | 7.47 | 11.66 | 15.82 | — | — | — | — | — |
| — | +302.9% | +30.6% | -35.8% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Alcoa Corporation's operating margin was 3.0% in Q4 2025, up 1.3 pp QoQ and down 22.3 pp YoY. The trailing four-quarter average of 7.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 37.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.6% | 17.3% | 4.7% | 7.1% | 23.9% | 27.8% | 12.4% | 7.4% | 3.3% | 0.3% | 0.8% | 1.9% | 5.8% |
| — | -37.9% | -62.3% | -4.9% | +627.2% | +8907.0% | +1396.3% | +288.0% | -43.6% | +119.4% | -65.3% | -91.5% | -81.4% | |
| Operating Margin | 7.6% | 3.0% | 1.7% | 3.9% | 21.3% | 25.3% | 9.5% | 4.5% | 0.6% | -2.7% | -1.6% | -0.2% | 3.5% |
| — | -88.2% | -82.1% | -12.8% | +3433.8% | +1039.0% | +686.7% | +2149.6% | -82.6% | +37.2% | -359.8% | -101.1% | -88.3% | |
| Net Margin | 9.0% | 5.9% | 7.7% | 5.4% | 16.7% | 5.1% | 3.2% | 0.7% | -9.5% | -5.8% | -6.3% | -3.8% | -8.4% |
| — | +16.5% | +143.6% | +669.2% | +276.1% | +187.9% | +150.2% | +118.8% | -12.5% | +58.3% | +75.5% | -125.8% | -161.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.2% | 3.2% | 3.7% | 2.7% | 10.0% | 3.9% | 1.7% | 0.4% | -4.4% | -2.5% | -2.7% | -1.6% | -3.6% |
| — | -16.9% | +117.1% | +645.1% | +325.5% | +254.5% | +163.0% | +122.8% | -23.5% | +54.7% | +74.5% | -119.7% | -147.9% | |
| ROA | 7.6% | 1.3% | 1.5% | 1.1% | 3.8% | 1.4% | 0.6% | 0.1% | -1.8% | -1.1% | -1.2% | -0.7% | -1.6% |
| — | -10.2% | +140.2% | +694.2% | +316.3% | +232.2% | +152.1% | +119.5% | -11.5% | +57.7% | +75.4% | -120.7% | -152.4% | |
| ROIC | 12.7% | 1.0% | 0.4% | 1.2% | 7.4% | 11.0% | 3.0% | 1.4% | 0.2% | -0.8% | -0.5% | -0.1% | 1.0% |
| — | -90.5% | -85.4% | -15.5% | +4107.7% | +1553.4% | +763.6% | +2385.6% | -82.6% | +37.8% | -344.1% | -100.7% | -91.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Alcoa Corporation's Debt/EBITDA ratio is 0.0x, down from 24.4x last quarter — comfortably within a safe range.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.80 | 0.42 | 0.46 | 0.55 | 0.56 | 0.47 | 0.46 | 0.34 | 0.30 | 0.28 | 0.29 |
| — | -100.0% | +43.5% | -9.7% | -1.1% | +62.0% | +88.0% | +67.9% | +60.4% | +19.1% | +18.6% | +18.3% | +3.9% | |
| Debt / EBITDA | 0.00 | 0.00 | 24.44 | 9.74 | 3.13 | 2.42 | 6.85 | 8.76 | 14.40 | 21.19 | 15.08 | 12.31 | 7.29 |
| — | -99.8% | +256.6% | +11.2% | -78.3% | -88.6% | -54.6% | -28.8% | +97.6% | -64.8% | +45.9% | +575.2% | +392.9% | |
| Current Ratio | 1.45 | 1.45 | 1.56 | 1.65 | 1.71 | 1.45 | 1.41 | 1.55 | 1.61 | 1.45 | 1.66 | 1.80 | 1.78 |
| — | +0.4% | +10.9% | +6.5% | +6.7% | -0.4% | -15.4% | -13.9% | -9.6% | -16.8% | -8.2% | -0.7% | +10.0% | |
| Quick Ratio | 0.87 | 0.87 | 0.91 | 0.97 | 1.00 | 0.86 | 0.80 | 0.92 | 0.93 | 0.74 | 0.83 | 0.87 | 0.92 |
| — | +1.8% | +14.1% | +5.1% | +6.8% | +15.8% | -3.4% | +5.8% | +1.7% | -21.1% | -17.0% | -14.4% | +2.3% | |
| Interest Coverage | 6.15 | 6.44 | 1.55 | 2.13 | 13.17 | 22.38 | 6.11 | 3.20 | 0.59 | -2.50 | -1.65 | -0.22 | 3.65 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 41 years · Updated daily
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Alcoa Corporation's current P/E is 14.1x. The average P/E over the last 4 quarters is 10.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Alcoa Corporation's current operating margin is 7.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Alcoa Corporation's business trajectory between earnings reports.