What is Alcoa Corporation's earnings per share (EPS)?

Alcoa Corporation (AA) reported diluted earnings per share of $4.37 for fiscal year 2025. This represents a 1580.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Alcoa Corporation (AA) Financials

Trailing 12 months to June 30, 2026

Revenue $13.6B +6.5% YoY

Net Income $1.3B +27.2% YoY

EPS (Diluted) $4.81 +18.8% YoY

Free Cash Flow $352.0M -39.5% YoY

Market Cap $12.7B as of Sep 11, 2026

Price / Sales 0.9x on $13.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.0x on $1.3B net income, trailing 12 months to June 30, 2026

Price / Book 1.7x on $7.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AA SEC filings page.

Alcoa Corporation (AA) reported $13.6B in revenue over the twelve months to Jun 30, 2026, up 6.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AA FY2025 2026-08-29

A cyclical margin recovery restored cash conversion, while heavier reinvestment and moderate leverage still shape Alcoa’s earnings engine.

In FY2025, cash-backed earnings became visible: net income was $1.16B while operating cash flow reached $1.19B, a near match. In FY2024, operating cash flow of $622M sat far above net income of $60M, so the latest convergence marks a meaningful improvement in earnings quality rather than merely a larger profit.

Gross-margin recovery lifted gross margin to 16.9% in FY2025 from 7.0% in FY2023, restoring economics lost during the trough. With net margin at 9.0%, the income-tax line was -$55M, also contributing to reported profitability, so the bottom-line rebound should be read alongside cash generation.

Capex absorbed 52.2% of operating cash flow, leaving $567M of free cash flow; this is a capital-intensive cash model even when earnings recover. Debt-to-equity eased to 0.4x from 0.5x in FY2024, indicating that reinvestment did not translate into a higher leverage ratio despite the heavier reinvestment burden.

Financial Health Signals

Financial Health Score 33/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Alcoa Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Alcoa Corporation, and counted as zero in the overall score.

Growth

Alcoa Corporation's revenue grew 7.9% year-over-year to $12.8B, a solid pace of expansion. This earns a growth score of 66/100.

Leverage

Alcoa Corporation carries a low D/E ratio of 0.40, meaning only $0.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Alcoa Corporation's current ratio of 1.44 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Alcoa Corporation has a free cash flow margin of 4.4%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Not available for Alcoa Corporation, and counted as zero in the overall score.

Piotroski F-Score Neutral

6/9

Alcoa Corporation passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.02x

For every $1 of reported earnings, Alcoa Corporation generates $1.02 in operating cash flow ($1.2B OCF vs $1.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.0B

YoY+31.4%

QoQ+24.2%

5Y CAGR+7.0%

10Y CAGR+5.5%

Alcoa Corporation generated $4.0B in revenue in Q2 2026. This represents an increase of 31.4% from the same quarter a year earlier. Against the prior quarter it is up 24.2%.

Net Income

$407.0M

YoY+148.2%

QoQ-4.2%

5Y CAGR+5.7%

Alcoa Corporation reported $407.0M in net income in Q2 2026. This represents an increase of 148.2% from the same quarter a year earlier. Against the prior quarter it is down 4.2%.

EPS (Diluted)

$1.53

YoY+146.8%

QoQ-4.4%

5Y CAGR-1.3%

Alcoa Corporation earned $1.53 per diluted share (EPS) in Q2 2026. This represents an increase of 146.8% from the same quarter a year earlier. Against the prior quarter it is down 4.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$422.0M

YoY+18.2%

QoQ+241.6%

Alcoa Corporation generated $422.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is up 241.6%.

Cash & Debt

$1.4B

YoY-10.7%

QoQ-0.1%

5Y CAGR-3.9%

10Y CAGR+15.1%

Alcoa Corporation held $1.4B in cash against $2.2B in long-term debt as of Q2 2026.

Dividends Per Share

$0.10

YoY0.0%

QoQ0.0%

Alcoa Corporation paid $0.10 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

264M

QoQ0.0%

Alcoa Corporation had 264M shares outstanding in Q2 2026. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

25.2%

YoY+13.1pp

QoQ+3.9pp

5Y change+1.3pp

Alcoa Corporation's gross margin was 25.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 13.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.

Net Margin

10.3%

YoY+4.8pp

QoQ-3.0pp

5Y change-0.7pp

10Y change+12.6pp

Alcoa Corporation's net profit margin was 10.3% in Q2 2026, showing the share of revenue converted to profit. This is up 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.0 percentage points.

Return on Equity

5.5%

YoY+2.8pp

QoQ-0.7pp

5Y change-2.7pp

10Y change+6.0pp

Alcoa Corporation's ROE was 5.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

R&D Spending

$11.0M

YoY-8.3%

QoQ+10.0%

5Y CAGR+12.9%

Alcoa Corporation invested $11.0M in research and development in Q2 2026. This represents a decrease of 8.3% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.

Capital Expenditures

$186.0M

YoY+42.0%

QoQ+56.3%

5Y CAGR+18.7%

10Y CAGR+8.0%

Alcoa Corporation invested $186.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 42.0% from the same quarter a year earlier. Against the prior quarter it is up 56.3%.

Share Buybacks

Not reported for Q2 2026.

AA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Revenue	$13.6B	$12.8B+7.9%	$11.9B+12.7%	$10.6B-15.3%	$12.5B+2.5%	$12.2B+30.9%	$9.3B-11.0%	$10.4B-22.2%	$13.4B+15.0%	$11.7B+25.0%	$9.3B-16.8%	$11.2B-14.8%	$13.1B
Cost of Revenue	$11.0B	$10.7B+6.1%	$10.0B+2.4%	$9.8B-3.9%	$10.2B+11.6%	$9.2B+14.9%	$8.0B-6.7%	$8.5B-15.1%	$10.1B+12.3%	$8.9B	N/A	N/A	N/A
Gross Profit	$2.6B	$2.2B+17.4%	$1.9B+150.8%	$738.0M-67.0%	$2.2B-25.3%	$3.0B+127.7%	$1.3B-30.5%	$1.9B-43.4%	$3.4B+24.0%	$2.7B	N/A	N/A	N/A
R&D Expenses	$21.0M	$24.0M-57.9%	$57.0M+46.2%	$39.0M+21.9%	$32.0M+3.2%	$31.0M+14.8%	$27.0M0.0%	$27.0M-12.9%	$31.0M-3.1%	$32.0M-3.0%	$33.0M-52.2%	$69.0M-27.4%	$95.0M
SG&A Expenses	$330.0M	$299.0M+8.7%	$275.0M+21.7%	$226.0M+10.8%	$204.0M-10.1%	$227.0M+10.2%	$206.0M-26.4%	$280.0M+12.9%	$248.0M-11.4%	$280.0M-21.3%	$356.0M+0.8%	$353.0M-7.8%	$383.0M
Interest Expense	$120.0M	$158.0M+1.3%	$156.0M+45.8%	$107.0M+0.9%	$106.0M-45.6%	$195.0M+33.6%	$146.0M+20.7%	$121.0M-0.8%	$122.0M+17.3%	$104.0M-57.2%	$243.0M-10.0%	$270.0M-12.6%	$309.0M
Income Tax	-$30.0M	-$55.0M-120.8%	$265.0M+40.2%	$189.0M-71.5%	$664.0M+5.6%	$629.0M+236.4%	$187.0M-54.9%	$415.0M-43.3%	$732.0M+23.6%	$592.0M+221.7%	$184.0M-54.2%	$402.0M+41.5%	$284.0M
Net Income	$1.3B	$1.2B+1828.3%	$60.0M+109.2%	-$651.0M-429.3%	-$123.0M-128.7%	$429.0M+352.4%	-$170.0M+84.9%	-$1.1B-550.0%	$250.0M-10.4%	$279.0M+169.8%	-$400.0M+53.7%	-$863.0M-237.1%	-$256.0M
EPS (Basic)	N/A	$4.40+1592.3%	$0.26+107.1%	-$3.65-436.8%	-$0.68-129.6%	$2.30+352.7%	-$0.91+85.0%	-$6.07-553.0%	$1.34-11.3%	$1.51+168.9%	-$2.19+53.7%	-$4.73	N/A
EPS (Diluted)	$4.81	$4.37+1580.8%	$0.26+107.1%	-$3.65-436.8%	-$0.68-130.1%	$2.26+348.4%	-$0.91+85.0%	-$6.07-556.4%	$1.33-10.7%	$1.49+168.0%	-$2.19+53.7%	-$4.73	N/A
Diluted Shares (Avg)	N/A	261M+22.0%	214M+20.2%	178M-1.7%	181M-4.7%	190M+2.2%	186M+0.5%	185M-2.1%	189M+1.1%	187M+2.2%	183M+0.5%	182M0.0%	182M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$4.0B+31.4%	$3.2B-5.2%	$3.4B-1.1%	$3.0B+3.1%	$3.0B+3.9%	$3.4B+29.6%	$3.5B+34.3%	$2.9B+11.6%
Cost of Revenue	$3.0B+11.9%	$2.5B+3.0%	$2.9B+5.9%	$2.7B+12.6%	$2.7B+4.7%	$2.4B+1.4%	$2.7B+11.9%	$2.4B-3.1%
Gross Profit	$999.0M+173.0%	$681.0M-26.9%	$576.0M-25.4%	$300.0M-41.3%	$366.0M-1.9%	$931.0M+377.4%	$772.0M+354.1%	$511.0M+284.2%
R&D Expenses	$11.0M-8.3%	$10.0M-16.7%	-$11.0M-35.3%	$11.0M-31.3%	$12.0M-7.7%	$12.0M+9.1%	$17.0M+21.4%	$16.0M+77.8%
SG&A Expenses	$101.0M+23.2%	$83.0M+16.9%	$68.0M-15.0%	$78.0M+18.2%	$82.0M+18.8%	$71.0M+18.3%	$80.0M+25.0%	$66.0M+17.9%
Interest Expense	$36.0M-35.7%	$35.0M-34.0%	$16.0M-64.4%	$33.0M-25.0%	$56.0M+40.0%	$53.0M+96.3%	$45.0M+60.7%	$44.0M+69.2%
Income Tax	$73.0M+630.0%	$82.0M-31.7%	-$134.0M-198.5%	-$51.0M-159.3%	$10.0M-83.6%	$120.0M+766.7%	$136.0M+477.8%	$86.0M+345.7%
Net Income	$407.0M+148.2%	$425.0M-22.4%	$213.0M+5.4%	$232.0M+157.8%	$164.0M+720.0%	$548.0M+317.5%	$202.0M+234.7%	$90.0M+153.6%
EPS (Basic)	$1.54+144.4%	$1.61-22.6%	$0.81-17.3%	$0.88+125.6%	$0.63+472.7%	$2.08+247.5%	$0.98+216.7%	$0.39+141.5%
EPS (Diluted)	$1.53+146.8%	$1.60-22.7%	$0.80-18.4%	$0.88+131.6%	$0.62+463.6%	$2.07+246.8%	$0.98+216.7%	$0.38+140.4%
Diluted Shares (Avg)	266M+2.3%	266M+2.3%	N/A	261M+11.5%	260M+43.6%	260M+45.3%	N/A	234M+31.5%

Not reported in any period shown, so not listed: Operating Income, EBITDA.

AA Balance Sheet

AA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Total Assets	$16.1B+14.7%	$14.1B-0.6%	$14.2B-4.1%	$14.8B-1.8%	$15.0B+1.1%	$14.9B+1.6%	$14.6B-9.3%	$16.1B-7.5%	$17.4B+4.2%	$16.7B+2.0%	$16.4B	N/A
Current Assets	$5.5B+11.3%	$4.9B+11.6%	$4.4B-16.1%	$5.3B+4.5%	$5.0B+11.2%	$4.5B+28.0%	$3.5B-18.4%	$4.3B+2.1%	$4.2B+33.2%	$3.2B+24.0%	$2.6B	N/A
Cash & Equivalents	$1.6B+40.3%	$1.1B+20.6%	$944.0M-30.7%	$1.4B-24.9%	$1.8B+12.9%	$1.6B+82.8%	$879.0M-21.0%	$1.1B-18.0%	$1.4B+59.2%	$853.0M+53.1%	$557.0M+109.4%	$266.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.2B+9.0%	$2.0B-7.4%	$2.2B-11.1%	$2.4B+24.1%	$2.0B+39.9%	$1.4B-15.0%	$1.6B-9.6%	$1.8B+25.2%	$1.5B+25.3%	$1.2B-1.0%	$1.2B	N/A
Accounts Receivable	$1.1B-2.9%	$1.1B+67.1%	$656.0M-15.7%	$778.0M+2.8%	$757.0M+60.7%	$471.0M-13.7%	$546.0M-34.2%	$830.0M+2.3%	$811.0M+21.4%	$668.0M+75.8%	$380.0M	N/A
Long-Term Investments	$1.4B	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.4B-7.7%	$1.5B	$0
Goodwill	$0-100.0%	$142.0M-2.7%	$146.0M+0.7%	$145.0M+0.7%	$144.0M-0.7%	$145.0M-3.3%	$150.0M-0.7%	$151.0M-84.7%	$989.0M0.0%	$989.0M+550.7%	$152.0M-5.0%	$160.0M
Total Liabilities	$9.9B+11.5%	$8.9B+7.2%	$8.3B+1.8%	$8.2B-6.6%	$8.7B-11.2%	$9.8B+12.6%	$8.7B+2.4%	$8.5B-19.8%	$10.6B+17.7%	$9.0B+84.6%	$4.9B	N/A
Current Liabilities	$3.8B+12.0%	$3.4B+12.0%	$3.0B+0.9%	$3.0B-6.8%	$3.2B+16.7%	$2.8B+7.7%	$2.6B-12.2%	$2.9B-10.2%	$3.3B+15.3%	$2.8B+17.3%	$2.4B	N/A
Non-Current Liabilities	$6.1B+11.3%	$5.5B+4.4%	$5.3B+2.3%	$5.2B-6.4%	$5.5B-22.1%	$7.1B+14.6%	$6.2B+9.9%	$5.6B-24.0%	$7.4B+18.9%	$6.2B+149.3%	$2.5B	N/A
Long-Term Debt	$2.4B-1.3%	$2.5B+42.6%	$1.7B-4.1%	$1.8B+4.6%	$1.7B-29.9%	$2.5B+36.9%	$1.8B-0.1%	$1.8B+29.8%	$1.4B-2.5%	$1.4B+587.9%	$207.0M	N/A
Total Equity	$6.1B+18.6%	$5.2B+21.3%	$4.3B-16.3%	$5.1B+8.6%	$4.7B+41.1%	$3.3B-19.5%	$4.1B-26.8%	$5.6B+24.2%	$4.5B-20.0%	$5.7B-40.1%	$9.4B-27.8%	$13.1B
Retained Earnings	-$271.0M+79.5%	-$1.3B-2.3%	-$1.3B-126.8%	-$570.0M-81.0%	-$315.0M+56.6%	-$725.0M-30.6%	-$555.0M-197.4%	$570.0M+404.4%	$113.0M+208.7%	-$104.0M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$16.9B+12.4%	$16.6B+14.2%	$16.1B+14.7%	$16.0B+9.8%	$15.0B+4.8%	$14.6B+1.7%	$14.1B-0.6%	$14.5B+4.5%
Current Assets	$5.9B+9.0%	$5.7B+9.0%	$5.5B+11.3%	$5.3B+8.6%	$5.4B+10.1%	$5.2B+6.7%	$4.9B+11.6%	$4.9B+11.5%
Cash & Equivalents	$1.4B-10.7%	$1.4B+12.6%	$1.6B+40.3%	$1.5B+13.1%	$1.5B+8.5%	$1.2B-11.5%	$1.1B+20.6%	$1.3B+41.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.3B+5.4%	$2.3B+5.3%	$2.2B+9.0%	$2.2B+4.5%	$2.2B+12.4%	$2.2B+6.5%	$2.0B-7.4%	$2.1B-4.3%
Accounts Receivable	$1.5B+57.1%	$1.2B-0.9%	$1.1B-2.9%	$1.0B+21.2%	$979.0M+4.3%	$1.2B+38.4%	$1.1B+67.1%	$862.0M+24.7%
Long-Term Investments	$1.4B	$1.5B	$1.4B	$1.5B	$0	$0	$0	$0
Goodwill	N/A	N/A	$0-100.0%	$145.0M+0.7%	$144.0M0.0%	$143.0M-2.1%	$142.0M-2.7%	$144.0M-1.4%
Total Liabilities	$9.4B+7.5%	$9.7B+12.6%	$9.9B+11.5%	$9.5B+2.6%	$8.8B-1.5%	$8.7B-1.6%	$8.9B+7.2%	$9.3B+18.7%
Current Liabilities	$3.8B+17.2%	$3.8B+25.9%	$3.8B+12.0%	$3.4B-2.1%	$3.3B+3.3%	$3.0B-0.1%	$3.4B+12.0%	$3.5B+31.8%
Non-Current Liabilities	$5.6B+1.8%	$5.9B+5.4%	$6.1B+11.3%	$6.2B+5.5%	$5.5B-4.2%	$5.6B-2.4%	$5.5B+4.4%	$5.8B+12.2%
Long-Term Debt	$2.2B-13.6%	$2.4B-5.1%	$2.4B-1.3%	$2.6B+4.4%	$2.6B+4.3%	$2.6B+4.2%	$2.5B+42.6%	$2.5B+36.5%
Total Equity	$7.4B+20.1%	$6.8B+17.4%	$6.1B+18.6%	$6.3B+20.9%	$6.1B+57.3%	$5.8B+45.6%	$5.2B+21.3%	$5.3B+16.4%
Retained Earnings	$508.0M+176.5%	$127.0M+115.9%	-$271.0M+79.5%	-$458.0M+69.4%	-$664.0M+57.5%	-$801.0M+48.8%	-$1.3B-2.3%	-$1.5B-33.2%

AA Cash Flow Statement

AA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Operating Cash Flow	$1.1B	$1.2B+90.5%	$622.0M+583.5%	$91.0M-88.9%	$822.0M-10.7%	$920.0M+133.5%	$394.0M-42.6%	$686.0M+53.1%	$448.0M-63.4%	$1.2B+493.6%	-$311.0M-135.5%	$875.0M+3.9%	$842.0M
Depreciation & Amortization	N/A	$623.0M-3.0%	$642.0M+1.6%	$632.0M+2.4%	$617.0M-7.1%	$664.0M+1.7%	$653.0M-8.4%	$713.0M-2.7%	$733.0M-2.3%	$750.0M+4.5%	$718.0M-7.9%	$780.0M-18.2%	$954.0M
Stock-Based Compensation	N/A	$41.0M+13.9%	$36.0M+2.9%	$35.0M-12.5%	$40.0M+2.6%	$39.0M+56.0%	$25.0M-16.7%	$30.0M-14.3%	$35.0M+45.8%	$24.0M-14.3%	$28.0M-20.0%	$35.0M-10.3%	$39.0M
Capital Expenditures	$699.0M	$618.0M+6.6%	$580.0M+9.2%	$531.0M+10.6%	$480.0M+23.1%	$390.0M+10.5%	$353.0M-6.9%	$379.0M-5.0%	$399.0M-1.5%	$405.0M+0.2%	$404.0M+3.3%	$391.0M-11.9%	$444.0M
Free Cash Flow	$352.0M	$567.0M+1250.0%	$42.0M+109.5%	-$440.0M-228.7%	$342.0M-35.5%	$530.0M+1192.7%	$41.0M-86.6%	$307.0M+526.5%	$49.0M-94.0%	$819.0M+214.5%	-$715.0M-247.7%	$484.0M+21.6%	$398.0M
Investing Cash Flow	-$594.0M	-$502.0M+17.4%	-$608.0M-3.9%	-$585.0M-18.2%	-$495.0M-187.6%	$565.0M+438.3%	-$167.0M+64.3%	-$468.0M-15.6%	-$405.0M-79.2%	-$226.0M-51.7%	-$149.0M	N/A	N/A
Financing Cash Flow	-$564.0M	-$261.0M-229.9%	$201.0M+252.6%	$57.0M+107.4%	-$768.0M+33.7%	-$1.2B-325.3%	$514.0M+215.8%	-$444.0M-54.2%	-$288.0M+43.1%	-$506.0M-167.6%	$749.0M	N/A	N/A
Dividends Paid	$105.0M	$104.0M+16.9%	$89.0M+23.6%	$72.0M0.0%	$72.0M+278.9%	$19.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$500.0M+233.3%	$150.0M	N/A	N/A	$50.0M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$608.0M+24.6%	-$179.0M-338.7%	$537.0M+29.4%	$85.0M-40.6%	$488.0M+70.0%	$75.0M+133.6%	$415.0M+109.6%	$143.0M+107.2%
Depreciation & Amortization	$173.0M+13.1%	$162.0M+9.5%	$162.0M+1.9%	$160.0M+0.6%	$153.0M-6.1%	$148.0M-8.1%	$159.0M-2.5%	$159.0M-2.5%
Stock-Based Compensation	N/A	$13.0M+18.2%	N/A	N/A	N/A	$11.0M+10.0%	N/A	N/A
Capital Expenditures	$186.0M+42.0%	$119.0M+28.0%	$243.0M+43.8%	$151.0M+3.4%	$131.0M-20.1%	$93.0M-7.9%	$169.0M-10.1%	$146.0M+0.7%
Free Cash Flow	$422.0M+18.2%	-$298.0M-1555.6%	$294.0M+19.5%	-$66.0M-2100.0%	$357.0M+190.2%	-$18.0M+94.4%	$246.0M+2360.0%	-$3.0M+96.1%
Investing Cash Flow	-$203.0M-53.8%	-$129.0M-19.4%	-$251.0M-44.3%	-$11.0M+92.8%	-$132.0M+19.5%	-$108.0M+7.7%	-$174.0M+11.7%	-$153.0M+7.8%
Financing Cash Flow	-$353.0M-426.9%	$60.0M-22.1%	-$166.0M+57.9%	-$105.0M-25.0%	-$67.0M+10.7%	$77.0M-89.8%	-$394.0M-6666.7%	-$84.0M-340.0%
Dividends Paid	$26.0M0.0%	$27.0M+3.8%	$26.0M0.0%	$26.0M0.0%	$26.0M+44.4%	$26.0M+36.8%	$26.0M+44.4%	$26.0M+44.4%

Not reported in any period shown, so not listed: Share Buybacks.

AA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Gross Margin	16.9%+1.4pp	15.6%+8.6pp	7.0%-11.0pp	18.0%-6.7pp	24.7%+10.5pp	14.2%-4.0pp	18.2%-6.8pp	25.0%+1.8pp	23.2%	N/A	N/A	N/A
Net Margin	9.0%+8.5pp	0.5%+6.7pp	-6.2%-5.2pp	-1.0%-4.5pp	3.5%+5.4pp	-1.8%+9.0pp	-10.8%-12.7pp	1.9%-0.5pp	2.4%+6.7pp	-4.3%+3.4pp	-7.7%-5.8pp	-1.9%
Return on Equity	18.9%+17.8pp	1.2%+16.5pp	-15.3%-12.9pp	-2.4%-11.6pp	9.2%+14.3pp	-5.1%+22.2pp	-27.4%-31.8pp	4.5%-1.7pp	6.2%+13.2pp	-7.1%+2.1pp	-9.1%-7.2pp	-2.0%
Return on Assets	7.2%+6.7pp	0.4%+5.0pp	-4.6%-3.8pp	-0.8%-3.7pp	2.9%+4.0pp	-1.1%+6.6pp	-7.7%-9.2pp	1.6%-0.1pp	1.6%+4.0pp	-2.4%+2.9pp	-5.3%	N/A
Current Ratio	1.440.0x	1.450.0x	1.45-0.3x	1.75+0.2x	1.56-0.1x	1.64+0.3x	1.38-0.1x	1.48+0.2x	1.30+0.2x	1.13+0.1x	1.07	N/A
Debt-to-Equity	0.40-0.1x	0.48+0.1x	0.41+0.1x	0.360.0x	0.37-0.4x	0.74+0.3x	0.44+0.1x	0.320.0x	0.31+0.1x	0.25+0.2x	0.02	N/A
Asset Turnover	0.80-0.1x	0.85+0.1x	0.75-0.1x	0.840.0x	0.81+0.2x	0.62-0.1x	0.71-0.1x	0.83+0.2x	0.67+0.1x	0.56-0.1x	0.68	N/A
FCF Margin	4.4%+4.1pp	0.4%+4.5pp	-4.2%-6.9pp	2.8%-1.6pp	4.4%+3.9pp	0.4%-2.5pp	2.9%+2.6pp	0.4%-6.7pp	7.0%+14.7pp	-7.7%-12.0pp	4.3%+1.3pp	3.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	25.2%+13.1pp	21.3%-6.3pp	16.7%-5.4pp	10.0%-7.6pp	12.1%-0.7pp	27.6%+20.1pp	22.1%+15.6pp	17.6%+12.5pp
Net Margin	10.3%+4.8pp	13.3%-3.0pp	6.2%+0.4pp	7.8%+4.7pp	5.4%+4.7pp	16.3%+26.0pp	5.8%+11.6pp	3.1%+9.6pp
Return on Equity	5.5%+2.8pp	6.2%-3.2pp	3.5%-0.4pp	3.7%+1.9pp	2.7%+2.2pp	9.4%+15.7pp	3.9%+7.4pp	1.7%+5.4pp
Return on Assets	2.4%+1.3pp	2.5%-1.2pp	1.3%-0.1pp	1.5%+0.8pp	1.1%+0.9pp	3.8%+5.5pp	1.4%+2.5pp	0.6%+1.8pp
Current Ratio	1.53-0.1x	1.48-0.2x	1.440.0x	1.56+0.2x	1.65+0.1x	1.71+0.1x	1.450.0x	1.41-0.3x
Debt-to-Equity	0.30-0.1x	0.36-0.1x	0.40-0.1x	0.41-0.1x	0.42-0.2x	0.44-0.2x	0.48+0.1x	0.47+0.1x
Asset Turnover	0.240.0x	0.190.0x	0.210.0x	0.190.0x	0.200.0x	0.230.0x	0.25+0.1x	0.200.0x
FCF Margin	10.6%-1.2pp	-9.3%-8.8pp	8.5%+1.5pp	-2.2%-2.1pp	11.8%+7.6pp	-0.5%+11.9pp	7.1%+6.7pp	-0.1%+2.8pp

Not reported in any period shown, so not listed: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Alcoa Corporation AA	FY2025	$12.8B	$1.2B	9.0%	$12.7B	33/100
Century Aluminum Co CENX	FY2025	$2.5B	$40.0M	1.6%	$4.4B	43/100
Constellium SE CSTM	FY2025	$8.4B	$273.0M	3.2%	$3.5B	23/100
Kaiser Aluminum Corporation KALU	FY2025	$3.4B	$113.0M	3.4%	$2.6B	46/100
Albemarle Corporation ALB	FY2025	$5.1B	-$510.6M	-9.9%	$14.4B	23/100
ICL Group Ltd. ICL	FY2025	$7.2B	$280.0M	3.9%	$7.4B	24/100

Where Alcoa Corporation Ranks

Frequently Asked Questions

What is Alcoa Corporation's annual revenue?

Alcoa Corporation (AA) reported $12.8B in total revenue for fiscal year 2025. This represents a 7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Alcoa Corporation's revenue growing?

Alcoa Corporation (AA) revenue grew by 7.9% year-over-year, from $11.9B to $12.8B in fiscal year 2025.

Is Alcoa Corporation profitable?

Yes, Alcoa Corporation (AA) reported a net income of $1.2B in fiscal year 2025, with a net profit margin of 9.0%.

How much debt does Alcoa Corporation have?

As of fiscal year 2025, Alcoa Corporation (AA) had $1.6B in cash and equivalents against $2.4B in long-term debt.

What is Alcoa Corporation's gross margin?

Alcoa Corporation (AA) had a gross margin of 16.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Alcoa Corporation's net profit margin?

Alcoa Corporation (AA) had a net profit margin of 9.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Alcoa Corporation pay dividends?

Yes, Alcoa Corporation (AA) paid $0.10 per share in dividends during fiscal year 2025.

What is Alcoa Corporation's return on equity (ROE)?

Alcoa Corporation (AA) has a return on equity of 18.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Alcoa Corporation's free cash flow?

Alcoa Corporation (AA) generated $567.0M in free cash flow during fiscal year 2025. This represents a 1250.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Alcoa Corporation's operating cash flow?

Alcoa Corporation (AA) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Alcoa Corporation's total assets?

Alcoa Corporation (AA) had $16.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Alcoa Corporation's capital expenditures?

Alcoa Corporation (AA) invested $618.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Alcoa Corporation spend on research and development?

Alcoa Corporation (AA) invested $24.0M in research and development during fiscal year 2025.

How many shares does Alcoa Corporation have outstanding?

Alcoa Corporation (AA) had 264M shares outstanding as of fiscal year 2025.

What is Alcoa Corporation's current ratio?

Alcoa Corporation (AA) had a current ratio of 1.44 as of fiscal year 2025, which is considered adequate.

What is Alcoa Corporation's debt-to-equity ratio?

Alcoa Corporation (AA) had a debt-to-equity ratio of 0.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Alcoa Corporation's return on assets (ROA)?

Alcoa Corporation (AA) had a return on assets of 7.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Alcoa Corporation's P/E ratio?

Alcoa Corporation (AA) trades at 10.0x earnings, its market capitalization divided by net income of $1.3B net income, trailing 12 months to June 30, 2026. The market capitalization is $12.7B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Alcoa Corporation's price-to-sales ratio?

Alcoa Corporation (AA) trades at 0.9x sales, its market capitalization divided by revenue of $13.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $12.7B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Alcoa Corporation's Piotroski F-Score?

Alcoa Corporation (AA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Alcoa Corporation's earnings high quality?

Alcoa Corporation (AA) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Alcoa Corporation?

Alcoa Corporation (AA) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.