Alcoa
AA NYSE· Aluminum
Last close · Oct 26, 2026
$38.70
KIRA · Stoqly’s AI analyst, in plain words
- Alcoa had $12.8B of revenue in fiscal 2025, up 7.9% on the year before. Over five years, revenue changed +6.7% a year on average.
- Alcoa made $1.2B of net profit in fiscal 2025.
- Free cash flow was $567M in fiscal 2025, 4.4% of revenue.
- Alcoa returned $104M to shareholders in fiscal 2025, 18% of free cash flow. The diluted share count rose 22.0%.
- Alcoa owes $851M more than it holds in cash, about 0.5 years of operating profit.
Market cap
$10.3B
P/E
8.0x
Revenue
$12.8B
Net income
$1.2B
Free cash flow
$567M
Operating margin
—
Alcoa in 30 seconds · fiscal 2025
Are sales growing?
+7.9%
Yes. Sales grew 7.9% last year.
Does it make a profit?
9.0%
A little. It keeps 9.0% of every sale as profit.
Does profit turn into cash?
4.4%
Partly. 4.4% of sales ends up as free cash.
Is debt under control?
0.5x
Yes. It could repay its debt with 0.5 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
8.0x
One share costs 8.0 times its yearly profit per share. Typical for its sector: 20.6x.
What Alcoa does
Alcoa is a vertically integrated aluminum company. It mines bauxite, the ore aluminum comes from, refines the ore into alumina, smelts and casts aluminum metal, and generates energy. Through direct and indirect ownership, it has 25 operating locations in eight countries, mainly Australia, Brazil, Canada, Iceland, Norway, Spain and the United States. At the end of 2025 it had approximately 14,900 employees in 16 countries. It reports two segments. The Alumina segment mostly holds the bauxite mines and alumina refineries and sells smelter-grade and other alumina. The Aluminum segment holds the smelting and casting operations and most of the company's energy assets. Alcoa sells to customers in North America, South America, Europe, the Middle East, Australia, China and other parts of Asia. Aluminum is a commodity traded on the London Metal Exchange and priced daily, and alumina is priced against an index, so both prices swing and affect Alcoa's results.
Biggest risks, in its own words
- Swings in aluminum and alumina prices, which it does not control.
- Competition across the aluminum supply chain, including from steel, plastics and other materials.
- Health, safety and environmental rules that could bring large claims and costs, including at waste storage sites.
- Climate change laws and the cost of cutting emissions.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Alcoa Corp
- CIK
- 0001675149
Alcoa · AA
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $12.2B | $12.5B | $10.6B | $11.9B | $12.8B |
| Revenue growth | 30.9% | 2.5% | −15.3% | 12.7% | 7.9% |
| Net income | $429M | −$123M | −$651M | $60.0M | $1.2B |
| Net margin | 3.5% | −1.0% | −6.2% | 0.5% | 9.0% |
| Diluted EPS | $2.26 | −$0.68 | −$3.65 | $0.26 | $4.37 |
| Cash | |||||
| Cash from operations | $920M | $822M | $91.0M | $622M | $1.2B |
| Capital expenditure | $390M | $480M | $531M | $580M | $618M |
| Free cash flow | $530M | $342M | −$440M | $42.0M | $567M |
| FCF margin | 4.4% | 2.8% | −4.2% | 0.4% | 4.4% |
| Dividends paid | $19.0M | $72.0M | $72.0M | $89.0M | $104M |
| Share buybacks | $150M | $500M | $0.0M | $0.0M | $0.0M |
| Share count change | 2.2% | −4.7% | −1.7% | 20.2% | 22.0% |
| Debt and strength | |||||
| Cash and short-term investments | $1.8B | $1.4B | $944M | $1.1B | $1.6B |
| Debt incl. finance leases | $1.8B | $1.8B | $1.9B | $2.6B | $2.4B |
| Shareholders' equity | $4.7B | $5.1B | $4.3B | $5.2B | $6.1B |
| Net debt / EBITDA | −0.0x | 0.3x | 6.0x | 1.3x | 0.5x |
| Current ratio | 1.6x | 1.8x | 1.5x | 1.5x | 1.4x |
| Interest coverage | 7.2x | 7.6x | −4.5x | 2.9x | 7.7x |
| Returns and quality | |||||
| Return on capital | 11.4% | 6.1% | −5.5% | 3.3% | 18.0% |
| Return on equity | 10.8% | −2.5% | −14.0% | 1.3% | 20.5% |
| Piotroski F-score | 6 | 5 | 3 | 5 | 6 |
| Altman Z'' | 2.1 | 2.1 | 0.9 | 1.2 | 1.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.3M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Alcoa · AA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Alcoa AA | $10.3B | 7.9% | — | 4.4% | 18.0% | 8.0x | 6 |
| Kaiser Aluminum KALU | $1.8B | 11.5% | 5.6% | −0.8% | 7.7% | 8.2x | 7 |
| Century Aluminum CENX | $3.3B | 13.9% | 6.3% | 3.4% | — | 5.5x | — |
| Ball BALL | $17.2B | 11.6% | — | 6.0% | 10.4% | 18.3x | 6 |
| Crown CCK | $12.8B | 4.8% | 12.6% | 9.0% | 13.7% | 16.8x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $38.70 a share, the company is worth $10.3B: 8.0 times its earnings of the last four quarters.
Alcoa grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 1 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001675149). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.