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Friday 6 November 2026
Export AA’s income statement to Excel — free account
Alcoa
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%
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Alcoa (AA) Gross margin
Alcoa's gross margin over the twelve months to 30 September 2026 was 21.9%, up 5.0 percentage points from fiscal 2025 (16.9%). Over the past ten years it has ranged from 6.99% (fiscal 2023) to 25.0% (fiscal 2018); the current reading is higher than 45% of that period. That is below the Basic Materials sector median of 25.0%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 16.9% | 1.38 |
| FY2024 | 15.6% | 8.57 |
| FY2023 | 6.99% | (10.99) |
| FY2022 | 18.0% | (6.70) |
| FY2021 | 24.7% | 10.50 |
| FY2020 | 14.2% | (3.99) |
| FY2019 | 18.2% | (6.82) |
| FY2018 | 25.0% | 1.80 |
| FY2017 | 23.2% | 7.73 |
| FY2016 | 15.5% | (3.83) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 23.8% | (1.38) |
| Jun 2026 | 25.2% | 3.86 |
| Mar 2026 | 21.3% | 4.63 |
| Dec 2025 | 16.7% | 6.68 |
| 40 more quarters | Free account |
Against its own ten years
Low 6.99%
High 25.0%
Ten-year median
18.0%
Current reading's percentile
71
Gross margin against peers
| Company | Gross margin |
|---|---|
| HL Hecla Mining Company compare | 58.3% |
| HBM HudBay Minerals Inc compare | 39.4% |
| SSL Sasol Ltd. compare | 33.5% |
| SOLS Solstice Advanced Materials Inc. compare | 30.9% |
| SUZ Suzano S.A. Sponsored ADR compare | 28.6% |
| ALB Albemarle Corporation compare | 25.8% |
| AA Alcoa | 21.9% |
| TX Ternium S.A. compare | 19.6% |
| HMY Harmony Gold Mining Company Limited compare | 15.4% |
| Basic Materials sector median | 25.0% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on AA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement