Alcoa Corp
AA· NYSE· Primary Production of Aluminum
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 4.4%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +6.7%
We record prices for the companies we cover; AA is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 261.0M
- Revenue
- $12.8B
- Free cash flow
- $567.0M
- Owner earnings
- $526.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 9.0%
- Free cash flow
- 4.4%
- Owner earnings
- 4.1%
- Stock pay
- 0.3%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 18.9%
- ROE, 5 yr avg
- 2.3%
Growth (CAGR)
- Revenue, 3 yr
- 1.0%
- Revenue, 5 yr
- 6.7%
- Revenue, 9 yr
- 3.6%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 18.4%
- Free cash flow, 5 yr
- 69.1%
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $1.6B
- Total debt
- $2.4B
- Net debt
- $851.0M
- Debt/Equity
- 0.4x
- Debt/FCF
- 4.3x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 9.0%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 7.0%
Financials: ten years from the 10-Ks
Revenue
$12.8B
+3.6% a year over 9 years
FY2016FY2025
Margins
9.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$567.0MOwner earnings$526.0M
FY2025
FY2016FY2025
Diluted shares
261.0M
+42.6% over 9 years, net dilution
FY2016FY2025
Net debt (below zero)
-$851.0M
$851.0M more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $9.3B | $11.7B | $13.4B | $10.4B | $9.3B | $12.2B | $12.5B | $10.6B | $11.9B | $12.8B |
| Revenue growth | -16.8% | 25.0% | 15.0% | -22.2% | -11.0% | 30.9% | 2.5% | -15.3% | 12.7% | 7.9% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | -$400.0M | $279.0M | $250.0M | -$1.1B | -$170.0M | $429.0M | -$123.0M | -$651.0M | $60.0M | $1.2B |
| Net margin | -4.3% | 2.4% | 1.9% | -10.8% | -1.8% | 3.5% | -1.0% | -6.2% | 0.5% | 9.0% |
| Diluted EPS | $-2.19 | $1.49 | $1.33 | $-6.07 | $-0.91 | $2.26 | $-0.68 | $-3.65 | $0.26 | $4.37 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | -$311.0M | $1.2B | $448.0M | $686.0M | $394.0M | $920.0M | $822.0M | $91.0M | $622.0M | $1.2B |
| Capital expenditure | $404.0M | $405.0M | $399.0M | $379.0M | $353.0M | $390.0M | $480.0M | $531.0M | $580.0M | $618.0M |
| Free cash flow | -$715.0M | $819.0M | $49.0M | $307.0M | $41.0M | $530.0M | $342.0M | -$440.0M | $42.0M | $567.0M |
| Stock-based compensation | $28.0M | $24.0M | $35.0M | $30.0M | $25.0M | $39.0M | $40.0M | $35.0M | $36.0M | $41.0M |
| Owner earnings? | -$743.0M | $795.0M | $14.0M | $277.0M | $16.0M | $491.0M | $302.0M | -$475.0M | $6.0M | $526.0M |
| Free cash flow per share | $-3.91 | $4.38 | $0.26 | $1.66 | $0.22 | $2.79 | $1.89 | $-2.47 | $0.20 | $2.17 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | $19.0M | $72.0M | $72.0M | $89.0M | $104.0M |
| Share repurchases | – | – | $50.0M | – | – | $150.0M | $500.0M | $0 | $0 | – |
| Diluted shares | 183.0M | 187.0M | 189.0M | 185.0M | 186.0M | 190.0M | 181.0M | 178.0M | 214.0M | 261.0M |
| Share count change? | 0.5% | 2.2% | 1.1% | -2.1% | 0.5% | 2.2% | -4.7% | -1.7% | 20.2% | 22.0% |
| Balance sheet | ||||||||||
| Cash and equivalents | $853.0M | $1.4B | $1.1B | $879.0M | $1.6B | $1.8B | $1.4B | $944.0M | $1.1B | $1.6B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $1.4B | $1.4B | $1.8B | $1.8B | $2.5B | $1.8B | $1.8B | $1.9B | $2.6B | $2.4B |
| Net debt | $592.0M | $46.0M | $689.0M | $921.0M | $935.0M | -$12.0M | $444.0M | $923.0M | $1.5B | $851.0M |
| Shareholders' equity | $5.7B | $4.5B | $5.6B | $4.1B | $3.3B | $4.7B | $5.1B | $4.3B | $5.2B | $6.1B |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-15 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-16 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-16 | 8-K | Earnings release |
| 2026-03-19 | DEF 14A | Proxy statement |
| 2026-02-26 | 10-K | Annual report |
| 2026-01-22 | 8-K | Earnings release |
| 2025-10-28 | 10-Q | Quarterly report |
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