Saturday 17 October 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. In the quarter to June 2026, revenue grew 31.4%, EPS grew 144.4%, free cash flow grew 18.5% and total debt fell 16.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

41.46 1.04 +2.57%

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Market cap: $10.7B
P/E: 8.5×
Fwd P/E: 9.6×
Dividend yield: 0.96%
F-score: 7/9
Altman Z: 1.75
Beneish M: −2.41
Dividend safety: 78/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.35

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	3	—	—

Insider Ownership 0.57%

Capital & Financial Ratios $m

Market Cap 10,670.00

Revenue 13,603.00

Net Income 1,246.00

Free Cash Flow 362.00

Net Debt 873.00

Current Ratio 1.54

Debt/Equity 0.30

P/E ratio 8.48

Fwd P/E 9.62

P/S ratio 0.80

P/B ratio 1.49

Past 5Y EPS Growth —

This Y EPS Growth 75.01%

Next Y EPS Growth (9.34%)

Next Y revenue growth 16.05%

Next 5Y EPS Growth 16.57%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 12.65%

10-year low 10-year high

P/S against its own 10 years 79.72%

10-year low 10-year high

P/B against its own 10 years 77.94%

10-year low 10-year high

EV/Sales against its own 10 years 81.98%

10-year low 10-year high

EV/FCF against its own 10 years 77.17%

10-year low 10-year high

Dividends

Payout Ratio 0.08

Annual Dividend Rate 0.40

Annual Dividend Yield 0.96%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.40	0.10 0.10 0.10
2025	0.40	0.10 0.10 0.10 0.10
2024	0.40	0.10 0.10 0.10 0.10
2023	0.40	0.10 0.10 0.10 0.10
2022	0.40	0.10 0.10 0.10 0.10
2021	0.10	0.10
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack
2016	0.40	0.07 0.07 0.07 0.09 0.09

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	944	1,138	1,597	1,352
Receivables	808	1,239	1,268	1,714
Inventory	2,158	1,998	2,177	2,340
Other	29	25	49	83
	4,405	4,914	5,469	5,885

	2023	2024	2025	Q'26
Payables	1,714	1,805	1,938	1,860
ST’ Debt	79	75	1	1
Other	792	1,051	1,185	1,328
	3,030	3,395	3,801	3,834

Compound Annual Growth %

	10y	5y	3y
Sales	1.37%	6.68%	1.01%
Cash Flow	3.08%	24.64%	12.97%
Earnings	0.00%	0.00%	0.00%
Book Value	(6.13%)	4.05%	(2.44%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,193	3,966	—	—	—
’25	3,369	3,018	2,995	3,449	12,831
’24	2,599	2,906	2,904	3,486	11,895
’23	2,670	2,684	2,602	2,595	10,551
’22	3,293	3,644	2,851	2,663	12,451
’21	2,870	2,833	3,109	3,340	12,152
’20	2,381	2,148	2,365	2,392	9,286

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(179)	608	—	—	—
’25	75	488	85	537	1,185
’24	(223)	287	143	415	622
’23	(163)	(13)	69	198	91
’22	34	536	134	118	822
’21	6	(86)	435	565	920
’20	(90)	288	158	38	394

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(294)	423	—	—	—
’25	(18)	357	(63)	296	572
’24	(323)	124	(3)	247	45
’23	(245)	(127)	(76)	12	(436)
’22	(38)	431	7	(53)	347
’21	522	(51)	362	663	1,496
’20	18	211	83	(73)	239

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.60	1.53	—	—	—
’25	2.07	0.62	0.88	0.85	4.42
’24	(1.41)	0.11	0.38	0.76	0.26
’23	(1.30)	(0.57)	(0.94)	(0.84)	(3.65)
’22	2.49	2.95	(4.17)	(2.12)	(0.57)
’21	0.93	1.63	1.76	(2.11)	2.26
’20	0.43	(1.06)	(0.26)	(0.02)	(0.91)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	14.75	28.17	25.01	16.46	5.16	17.30	33.55	23.07	24.86	21.53	Analyst estimates 2026–2028 Powerpack
	High	32.35	54.61	62.35	31.45	24.17	61.59	98.09	57.61	47.77	54.82
People
People	Employees	14,000	14,600	14,000	13,800	12,900	12,200	13,100	13,600	13,900	14,900
	Revenue/emp, $m	0.67	0.80	0.96	0.76	0.72	1.00	0.95	0.78	0.86	0.86
Income, $m
Income, $m	Revenue	9,318	11,652	13,403	10,433	9,286	12,152	12,451	10,551	11,895	12,831
	Gross margin, %	15.46	23.19	24.99	18.17	14.18	24.68	17.98	6.99	15.56	16.94
	EBT	(162)	1,200	1,625	(438)	173	1,199	702	(584)	289	1,064
	EBT margin, %	(1.74)	10.30	12.12	(4.20)	1.86	9.87	5.64	(5.54)	2.43	8.29
	Net income	(346)	608	893	(853)	(14)	570	38	(773)	24	1,119
	Depreciation	718	752	733	713	653	664	617	632	642	767
Per share, $
Per share, $	Revenue	50.92	63.33	72.06	56.39	49.92	65.33	68.79	59.28	56.11	49.54
	Earnings	(2.19)	1.18	1.22	(6.07)	(0.91)	2.30	(0.57)	(3.65)	0.26	4.45
	Cash flow	(1.70)	6.65	2.41	3.71	2.12	4.95	4.54	0.51	2.93	4.58
	Capex	(1.60)	(0.87)	(2.14)	(1.92)	(0.83)	3.10	(2.62)	(2.96)	(2.72)	(2.37)
	Free cash flow	(3.30)	5.78	0.27	1.78	1.28	8.04	1.92	(2.45)	0.21	2.21
	Book value	42.06	36.95	40.80	31.82	26.97	33.78	36.40	32.84	24.33	23.62
	Shares, m	183	184	186	185	186	186	181	178	212	259
Valuation, ×
Valuation, ×	P/E	0.00	46.36	21.79	0.00	0.00	26.02	0.00	0.00	0.00	11.94
	P/S	0.57	0.87	0.37	0.38	0.46	0.91	0.65	0.56	0.67	1.07
	P/B	0.69	1.49	0.65	0.68	0.85	1.76	1.22	1.01	1.55	2.25
	EV/Sales	0.63	0.88	0.42	0.47	0.55	0.90	0.68	0.64	0.79	1.14
	EV/FCF	(9.73)	9.58	112.66	14.85	21.53	7.35	24.53	(15.59)	209.25	25.53
Cash, $m
Cash, $m	Operating cash flow	(311)	1,224	448	686	394	920	822	91	622	1,185
	Capex	(292)	(160)	(398)	(356)	(155)	576	(475)	(527)	(577)	(613)
	Free cash flow	(603)	1,064	50	330	239	1,496	347	(436)	45	572
Balance, $m
Balance, $m	Working capital	360	986	1,409	967	1,759	1,803	2,246	1,375	1,519	1,668
	Total debt	1,445	1,404	1,802	1,800	2,465	1,727	1,807	1,811	2,545	2,439
	Net debt	592	46	689	921	858	(87)	444	867	1,407	842
	Shareholders’ equity	7,697	6,798	7,588	5,886	5,016	6,284	6,589	5,845	5,157	6,118
Returns, %
Returns, %	ROA	(2.41)	1.63	1.49	(7.31)	(1.15)	2.87	(0.83)	(4.50)	0.43	7.66
	ROIC	0.12	12.15	13.67	(1.42)	3.48	9.57	6.13	(3.19)	5.10	1.48
	ROE	(4.16)	3.85	3.48	(16.70)	(3.12)	7.59	(1.91)	(10.47)	1.09	20.52

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ALB Albemarle Corporation	$11.6B	199×	14.9×	+31.08% (above 0%: growing)	n/m	+708.43% (above 0%: growing)	33.86%	25.98%	Compare
TX Ternium S.A.	$11.2B	16.0×	9.2×	+9.97% (above 0%: growing)	+59.09% (above 0%: growing)	−174.72% (below 0%: shrinking)	21.68%	12.17%	Compare
HBM HudBay Minerals Inc	$10.8B	13.9×	14.4×	+17.69% (above 0%: growing)	+13.33% (above 0%: growing)	+4.51% (above 0%: growing)	42.61%	34.80%	Compare
AA Alcoa	$10.7B	8.5×	9.6×	+31.41% (above 0%: growing)	+144.44% (above 0%: growing)	+18.49% (above 0%: growing)	25.19%	18.10%
HMY Harmony Gold Mining Company Limited	$10.7B	52.5×	3.6×	−3.10% (below 0%: shrinking)	n/m	+265.24% (above 0%: growing)	26.37%	0.00%	Compare
HL Hecla Mining Company	$10.5B	30.6×	16.9×	+52.45% (above 0%: growing)	+100.00% (above 0%: growing)	+13.92% (above 0%: growing)	64.87%	43.64%	Compare
SUZ Suzano S.A. Sponsored ADR	$10.3B	4.3×	—	−2.26% (below 0%: shrinking)	−59.15% (below 0%: shrinking)	+85.24% (above 0%: growing)	24.41%	24.06%	Compare
SSL Sasol Ltd.	$10.1B	3.5×	5.2×	−5.20% (below 0%: shrinking)	+20.86% (above 0%: growing)	+6,912.65% (above 0%: growing)	31.35%	0.00%	Compare
SOLS Solstice Advanced Materials Inc.	$9.5B	27.4×	27.8×	+11.13% (above 0%: growing)	−14.99% (below 0%: shrinking)	+70.83% (above 0%: growing)	32.23%	17.16%	Compare
Median of peers	$10.6B	21.7×	14.4×	+10.55%	+17.10%	+78.04%	31.79%	20.61%

All 261 Basic Materials stocks →

Alcoa (AA) key facts

Strength: Alcoa’s revenue for fiscal 2025 (year ended December 2025) was $12.8 billion, up 7.87% from fiscal 2024.
Alcoa (AA) is an Aluminum company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, AA traded at $41.46, a market capitalization of $10.7 billion.
Alcoa pays an annual dividend of $0.40 per share, a yield of 0.96%, with a payout ratio of 8.23%.
Return on equity was 20.5% and debt-to-equity 0.30.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.75 (distress zone) for fiscal 2025.