Alcoa

AA Basic Materials Aluminum

Alcoa’s revenue for fiscal 2025 (year ended December 2025) was $12.8 billion, up 7.87% from fiscal 2024.

Revenue
+23.7%
EPS
+108.0%
Free cash flow
+854.0%
Total debt
+87.0%

Quarter to September 2026, against a year earlier

38.60 1.98 −4.88%
Market cap
$10.1B
P/E
6.6×
Fwd P/E
6.3×
Dividend yield
1.04%
F-score
7/9
Altman Z
1.75
Beneish M
−2.41
Dividend safety
78/100

Alcoa 10-Q filed Oct 29, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 4:35 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2026: 49 added · 30 removed · 81 modified; 34 with only figures updated; 20 moved without change

  1. Modified · Business Update

    During the secondthird quarter of 2026, Alcoa delivered strong operational and financial performance and continued to execute on its strategicwhile progressing its key strategic and operational priorities, including the announced agreement to acquire . The Company made further progress toward completing the acquisition of South32 Limited’s (South32) equity interests in itscertain bauxite, alumina, and aluminum assets (referred to as AliGroup) (the Transaction) and entered into a definitive agreement for the sale of portions of its Massena East site. The CompanyAlcoa also set year-to-date production records at fourfive aluminum smelters and at one alumina refinery, progressed multiple smelter capacity restarts, and completed negotiations increased aluminum production for new multi-year collective bargaining agreements in Australia, the sixth consecutive quarter, and completed the U.S., and CanadaAlumar smelter restart.