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%
Follow AA
Alert me
Alcoa (AA) 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
Embed this chart
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 | Free account |
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
| Company | Operating margin |
|---|---|
| HL Hecla Mining Company compare | 49.5% |
| HBM HudBay Minerals Inc compare | 44.7% |
| SUZ Suzano S.A. Sponsored ADR compare | 21.1% |
| SOLS Solstice Advanced Materials Inc. compare | 14.7% |
| AA Alcoa | 13.3% |
| ALB Albemarle Corporation compare | 10.0% |
| TX Ternium S.A. compare | 9.31% |
| SSL Sasol Ltd. compare | 0.00% |
| HMY Harmony Gold Mining Company Limited compare | 0.00% |
| Basic Materials sector median | 2.88% |
| Market median | 0.00% |
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
More on AA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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