AA · Alcoa Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · AA

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$12.83B	$11.89B	$10.55B	$12.45B	$12.15B	$9.29B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	$24.00M	$57.00M	$39.00M	$32.00M	$31.00M	$27.00M
SG&A	$299.00M	$275.00M	$226.00M	$204.00M	$227.00M	$206.00M
Total Operating Expenses	-	-	-	-	-	-
D&A	$623.00M	$642.00M	$632.00M	$617.00M	$664.00M	$653.00M
Operating Income	$1.06B	$289.00M	($584.00M)	$702.00M	$1.20B	$173.00M
Interest Expense	$158.00M	$156.00M	$107.00M	$106.00M	$195.00M	$146.00M
Income Tax	($55.00M)	$265.00M	$189.00M	$664.00M	$629.00M	$187.00M
Net Income	$1.16B	$60.00M	($651.00M)	($123.00M)	$429.00M	($170.00M)
EPS - Basic	$4.40	$0.26	($3.65)	($0.68)	$2.30	($0.91)
EPS - Diluted	$4.37	$0.26	($3.65)	($0.68)	$2.26	($0.91)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$1.60B	$1.14B	$944.00M	$1.36B	$1.81B	$1.61B
Accounts Receivable	$1.06B	$1.10B	$656.00M	$778.00M	$757.00M	$471.00M
Inventory	$2.18B	$2.00B	$2.16B	$2.43B	$1.96B	$1.40B
Accounts Payable	$1.94B	$1.80B	$1.71B	$1.76B	$1.67B	$1.40B
Current Assets	$5.47B	$4.91B	$4.41B	$5.25B	$5.03B	$4.52B
Total Assets	$16.13B	$14.06B	$14.15B	$14.76B	$15.03B	$14.86B
Current Liabilities	$3.80B	$3.40B	$3.03B	$3.00B	$3.22B	$2.76B
Long-term Debt	$2.44B	$2.47B	$1.73B	$1.81B	$1.73B	$2.46B
Total Liabilities	$9.94B	$8.91B	$8.31B	$8.17B	$8.74B	$9.84B
Stockholders' Equity	$6.12B	$5.16B	$4.25B	$5.08B	$4.67B	$3.31B
Retained Earnings	($271.00M)	($1.32B)	($1.29B)	($570.00M)	($315.00M)	($725.00M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$1.19B	$622.00M	$91.00M	$822.00M	$920.00M	$394.00M
Investing Cash Flow	($502.00M)	($608.00M)	($585.00M)	($495.00M)	$565.00M	($167.00M)
Financing Cash Flow	($261.00M)	$201.00M	$57.00M	($768.00M)	($1.16B)	$514.00M
CapEx	$618.00M	$580.00M	$531.00M	$480.00M	$390.00M	$353.00M
Free Cash Flow	$567.00M	$42.00M	($440.00M)	$342.00M	$530.00M	$41.00M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	8.3%	2.4%	-5.5%	5.6%	9.9%	1.9%
EBITDA margin	13.1%	7.8%	0.5%	10.6%	15.3%	8.9%
Net margin	9.0%	0.5%	-6.2%	-1.0%	3.5%	-1.8%
Free cash flow margin	4.4%	0.4%	-4.2%	2.7%	4.4%	0.4%
FCF / Net income	0.49	0.70	0.68	-2.78	1.24	-0.24
R&D / Revenue	0.2%	0.5%	0.4%	0.3%	0.3%	0.3%
SG&A / Revenue	2.3%	2.3%	2.1%	1.6%	1.9%	2.2%
Effective tax rate	-5.0%	81.5%	-	122.7%	59.5%	1100.0%
Return on assets	7.2%	0.4%	-4.6%	-0.8%	2.9%	-1.1%
Return on equity	18.9%	1.2%	-15.3%	-2.4%	9.2%	-5.1%
Return on invested capital	12.4%	1.9%	-7.7%	5.1%	9.4%	1.5%
Liquidity
Current ratio	1.44	1.45	1.45	1.75	1.56	1.64
Quick ratio	0.87	0.86	0.74	0.94	0.95	1.13
Cash ratio	0.42	0.34	0.31	0.45	0.56	0.58
Leverage
Debt / Equity	0.40	0.48	0.41	0.36	0.37	0.74
Debt / Assets	0.15	0.18	0.12	0.12	0.11	0.17
Debt / EBITDA	1.45	2.65	36.08	1.37	0.93	2.98
Interest coverage	6.7x	1.9x	-5.5x	6.6x	6.1x	1.2x
Equity multiplier	2.64	2.73	3.33	2.91	3.22	4.49
Liabilities / Assets	0.62	0.63	0.59	0.55	0.58	0.66
Efficiency
Asset turnover	0.80	0.85	0.75	0.84	0.81	0.62
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	30d	34d	23d	23d	23d	19d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	12.2x	145.3x	-	-	26.4x	-
P / B	2.3x	1.6x	1.4x	1.6x	2.4x	1.3x
P / S	1.1x	0.7x	0.6x	0.7x	0.9x	0.5x
EV / EBITDA	8.7x	10.1x	142.5x	6.6x	6.0x	6.2x
Growth
Revenue growth (YoY)	7.9%	12.7%	-15.3%	2.5%	30.9%	-11.0%
Revenue CAGR (3y)	1.0%	-0.7%	4.3%	6.1%	9.3%	-0.1%
Revenue CAGR (5y)	6.7%	2.7%	2.5%	6.0%	-	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	268.2%	-	-	-41.5%	593.1%	-
Net income growth (YoY)	1828.3%	-	-429.3%	-	-	84.9%
EPS growth (YoY)	1580.8%	-	-436.8%	-	-	85.0%
EPS CAGR (3y)	-	-51.4%	-	-	23.5%	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	1250.0%	-	-	-35.5%	1192.7%	-86.6%
FCF CAGR (5y)	69.1%	-32.8%	-	-	-	-
Book value growth (YoY)	18.6%	21.3%	-16.3%	8.6%	41.1%	-19.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$25.00M total

All Other Segments$25.00M · 100.0%

Product / service

$13.49B total

Aluminum$8.52B · 63.1%

Alumina$3.66B · 27.1%

Bauxite$727.00M · 5.4%

Mining$660.00M · 4.9%

Energy$190.00M · 1.4%

Other Products($263.00M) · -1.9%

Geographic

$12.83B total

US$6.12B · 47.7%

AU$3.01B · 23.5%

NL$2.34B · 18.3%

BR$1.02B · 7.9%

ES$318.00M · 2.5%

Other Geographical Regions$25.00M · 0.2%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.32

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✗No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Primary Production of Aluminum

Company	Revenue (last FY)	Net margin	ROE
CENX	$2.53B	1.7%	5.2%

Comparing Alcoa Corp against the 1 most active filer in the same SIC group.

Dividends

$0.40/share trailing 12 months · 0.0% YoY

Ex-date	Per share
May 19, 2026	$0.1000
Mar 10, 2026	$0.1000
Nov 4, 2025	$0.1000
Aug 12, 2025	$0.1000
May 20, 2025	$0.1000
Mar 4, 2025	$0.1000
Oct 29, 2024	$0.1000
Aug 12, 2024	$0.1000
May 20, 2024	$0.1000
Mar 4, 2024	$0.1000
Oct 30, 2023	$0.1000
Aug 7, 2023	$0.1000
May 15, 2023	$0.1000
Mar 6, 2023	$0.1000
Oct 31, 2022	$0.1000
Aug 8, 2022	$0.1000
May 16, 2022	$0.1000
Mar 7, 2022	$0.1000
Oct 28, 2021	$0.1000
Nov 2, 2016	$0.0900
Aug 3, 2016	$0.0721
May 4, 2016	$0.0721
Feb 3, 2016	$0.0721
Nov 4, 2015	$0.0721