Alcoa Corporation

Alcoa Corporation

AA
Alcoa CorporationUS flagNew York Stock Exchange
41.45
USD
+1.03
- -
10.94BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
69.2
72.08
61.4
51.05
63.18
71.97
56.25
49.96
65.2
68.93
59.17
56
49.47
51.95
Basic EPS, GAAP
-16.01
-1.4
-4.73
-2.19
1.51
1.34
-6.07
-0.91
2.3
-0.68
-3.65
0.28
4.46
4.88
Free Cash Flow per Basic Share
2.49
4.62
4.8
-1.7
6.64
2.41
3.7
2.12
4.94
4.55
0.51
2.93
4.57
4.01
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.1
0.4
0.4
0.42
0.4
0.4
Book Value per Share
- -
58.09
51.75
30.91
24.42
30.41
22.16
17.8
25.38
28.68
23.82
19.96
23.25
27.93
Tangible Book Value per Share
- -
56.83
50.62
29.32
23.26
29.28
21.07
16.78
24.4
27.7
22.79
19.27
23.12
27.8
Basic Weighted Avg Shares
182
182
182
183
184
186
185
186
186
181
178
212
259
262
Sales/Revenue/Turnover
12,573
13,147
11,199
9,318
11,652
13,403
10,433
9,286
12,152
12,451
10,551
11,895
12,831
13,603
Operating Margin (%)
0.12
8
7.11
2.26
13.92
16.59
7.02
4.61
16.78
10.69
-2.15
6.96
5.91
7.93
Depreciation Expense
1,026
954
780
718
752
733
713
653
664
617
632
642
623
657
Net Income, GAAP
-2,909
-256
-863
-400
279
250
-1,125
-170
429
-123
-651
60
1,157
1,277
Effective Tax Rate (%)
- -
- -
- -
- -
49.33
45.05
- -
108.09
52.46
94.59
- -
91.7
- -
31.58
Profit Margin (%)
-23.14
-1.95
-7.71
-4.29
2.39
1.87
-10.78
-1.83
3.53
-0.99
-6.17
0.5
9.02
9.39
Working Capital
- -
182
162
360
986
1,409
967
1,759
1,803
2,246
1,375
1,519
1,668
2,051
LT Debt
- -
313
207
1,424
1,388
1,801
1,899
2,545
1,790
1,865
1,836
2,693
2,697
2,224
Total Equity
- -
13,073
11,513
7,697
6,798
7,588
5,886
5,016
6,284
6,589
5,845
5,157
6,194
7,437
Return on Invested Capital (%)
- -
- -
- -
- -
9.25
13.36
- -
-0.44
11.93
0.84
- -
0.86
- -
- -
Return on Capital (%)
- -
- -
- -
- -
0.03
-3.71
- -
-4.38
4.82
-3.35
- -
1.38
- -
28
Return on Common Equity (%)
- -
-4.83
-8.61
-5.3
5.48
4.93
-23.12
-4.58
10.75
-2.52
-13.96
1.28
20.52
18.91

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10
110
1
LT Borrowings
2,438
2,441
2,224
LT Finance Leases
259
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
263
263
264
Market Capitalization
13,981
17,452
13,759

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,469
5,678
5,885
Cash, Cash Equivalents & STI
1,597
1,353
1,352
Accounts Receivable, Net
1,064
1,192
1,538
Inventories
2,177
2,297
2,340
Total Current Liabilities
3,801
3,826
3,834
Payables & Accruals
2,232
2,081
2,135
ST Debt
10
110
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.32%
5.44%
20.11%
Free Cash Flow
2.6%
141.59%
90.51%
Net Income, GAAP
79.87%
333.47%
1,828.33%
Sales/Revenue/Turnover
2.88%
7.73%
7.87%
Total Cash Common Dividend
- -
- -
16.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,599
2,906
2,904
3,486
11,895
2025
3,369
3,018
2,995
3,449
12,831
2026
3,193
3,966
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.41
0.11
0.39
0.78
0.28
2025
2.12
0.63
0.9
0.82
4.46
2026
1.61
1.54
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.1
0.11
0.1
0.42
2025
0.1
0.1
0.1
0.1
0.4
2026
0.1
0.1
- -
- -
- -

Company Description

CEO
William F. Oplinger
Full Time Employees
14,900
Sector
Basic Materials
Industry
Aluminum
Address
201 Isabella Street Pittsburgh PA United States of America 15212-5858
IPO Date
Nov 1, 2016
Website
alcoa.com
Business
Alcoa Corporation engages in bauxite mining, alumina refining, and aluminum production, operating as a global leader in the aluminum industry. Its main products include bauxite extracted from mines in Australia, Brazil, Guinea, and Suriname; alumina produced at its six refineries in Australia, Brazil, and Spain, serving smelters and industrial chemical customers; and primary aluminum products such as ingots, sow, T-bars, billets, slabs, and rods for use in packaging, automotive, aerospace, construction, and transportation sectors. The company also produces low-carbon aluminum under the EcoLum™ brand, emphasizing sustainability. Alcoa’s vertically integrated operations extend from mining raw bauxite through alumina refining to smelting and casting aluminum in various global locations, including North and South America, Europe, and Australia. Founded in 1888 and headquartered in Pittsburgh, Pennsylvania, Alcoa is among the world's largest producers of bauxite and alumina and ranks as a major aluminum supplier worldwide. Recent major changes for Alcoa include the permanent closure of its Kwinana alumina refinery in Western Australia in 2025, which followed a 2024 curtailment due to aging infrastructure, high operating costs, and feedstock quality issues. This closure incurs substantial restructuring charges of approximately $890 million and reduces Alcoa's global refining capacity from 13.9 million metric tons to 11.7 million metric tons. In 2024, Alcoa completed the acquisition of Alumina Limited, further consolidating its alumina refining portfolio. The company also divested its stake in the Ma’aden joint venture in Saudi Arabia in late 2024/early 2025 to improve strategic focus and financial flexibility. Additionally, Alcoa secured a 10-year renewable energy contract with the New York Power Authority, effective April 2026, and announced a $60 million investment to modernize its Massena anode baking furnace in the U.S. Alcoa is also advancing a strategic project to develop a gallium critical mineral plant co-located with its Wagerup alumina refinery in Western Australia, supported by U.S. and Australian government partnerships. These moves reflect Alcoa’s emphasis on operational efficiency, sustainability, and strategic realignment towards its core upstream aluminum business. Alcoa operates primarily through two segments: Alumina, which encompasses bauxite mining and alumina refining; and Aluminum, covering aluminum smelting, casting, and select energy assets. The company’s alumina segment produces smelter-grade alumina for internal use and third-party sales, alongside chemical and metallurgical grade alumina for industrial applications. Its aluminum segment produces commodity-grade and value-added aluminum products, focused increasingly on low-carbon footprints. Alcoa deploys technologies and renewable energy solutions to support sustainability goals, with more than 75% of its smelting portfolio powered by renewable energy. Alcoa has a global footprint with operations across the Americas, Australia, and Europe, serving diverse industrial markets including automotive, aerospace, construction, packaging, and transportation. The company’s integrated model leverages extensive raw material reserves, operational scale, and renewable energy contracts to position itself as a competitive and sustainable supplier in the aluminum industry. Founded as the Pittsburgh Reduction Company in 1888, Alcoa is headquartered in Pittsburgh, Pennsylvania. Its history includes significant evolution through name changes, antitrust-driven structural shifts, diversification efforts, and a 2016 separation from the engineered products segment (Arconic Inc.), leaving it focused on upstream bauxite, alumina, and aluminum production. Alcoa’s leadership emphasizes innovation, operational excellence, and sustainability in advancing its core materials business worldwide.

Company News

  • What Alcoa (AA) Said on Its Q3 Earnings Call

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  • Why Alcoa Stock Popped on Friday

  • Alcoa profit more than doubles as production rises, but quarterly earnings weaken

  • Alcoa (AA) Reports Adjusted Earnings Beat Amid Operational Improvements

  • Alcoa and United States Antimony Jump 7% After Alcoa's Q3 Beat and Data Center Site Sale; Cleveland-Cliffs Edges Higher

  • Alcoa: 3 Key Takeaways for Long-Term Investors

  • Alcoa Stock Rallying After Earnings Beat, Alumina Demand

  • Alcoa Q3 Earnings Call Highlights AliGroup Deal and Cost Pressures

  • Stock Futures Quiet Even as Rate-Hike Fears Subside

  • Why Alcoa Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

  • Alcoa Corporation (AA) Q3 2026 Earnings Call Transcript

  • What Alcoa (AA) Said on Its Q3 Earnings Call

  • Compared to Estimates, Alcoa (AA) Q3 Earnings: A Look at Key Metrics

  • Alcoa CEO William Oplinger: Growth in data centers is really positive for aluminum

  • Alcoa Earnings Were a Relief, and the Stock Looks Cheap

  • Alcoa Posts Higher Third-Quarter Profit, Sales on Increased Production

  • Alcoa Corporation Reports Third Quarter 2026 Results

  • Alcoa Corporation Declares Quarterly Cash Dividend

  • South32 shareholders to vote on $8 billion Alcoa asset sale