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 (AA) Operating margin

Alert me on Operating margin

Alcoa's operating margin over the twelve months to 30 September 2026 was 13.3%, up 12.0 percentage points from fiscal 2025 (1.29%). Over the past ten years it has ranged from −3.25% (fiscal 2023) to 13.5% (fiscal 2018); the current reading is higher than 45% of that period. That is above the Basic Materials sector median of 2.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 1.29% (3.22)
FY2024 4.51% 7.76
FY2023 −3.25% (8.79)
FY2022 5.54% (2.27)
FY2021 7.81% 4.29
FY2020 3.52% 5.01
FY2019 −1.49% (15.00)
FY2018 13.5% 2.09
FY2017 11.4% 11.25
FY2016 0.17% 0.39

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.7% (2.36)
Jun 2026 18.1% 5.32
Mar 2026 12.8% 7.01
Dec 2025 5.77% 33.62
40 more quarters

Against its own ten years

Low −3.25% High 13.5%
Ten-year median 3.52%
Current reading's percentile 98

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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