Alcoa Corp AA

Basic materials SIC 3334 - Primary Production of Aluminum NAICS Manufacturing › Primary Metal Manufacturing › Alumina and Aluminum Production and Processing › Alumina Refining and Primary Aluminum Production derived NYSE

(dollars in millions, except per-share amounts, average realized prices, and average cost amounts)

Alcoa Corporation, a Delaware corporation (Alcoa or the Company) which became an independent, publicly traded company on November 1, 2016, is active in all aspects of the upstream aluminum industry with bauxite mining, alumina refining, and aluminum smelting and casting. The Company has direct and indirect ownership of 25 operating locations across eight countries on five continents.

The Company's operations are comprised of two reportable business segments: Alumina and Aluminum. The Alumina segment primarily consists of the Company's bauxite mines and alumina refineries, and its operations generally include the mining of bauxite and other aluminous ores, as well as the refining, production, and sale of smelter grade and non-metallurgical alumina. The Aluminum segment consists of the Company's aluminum smelting and casting operations along with most of the Company's energy production assets.

Last close 37.91 2026-10-23
Market cap $10.00B 2026-06-30 share count
52-week range 35.12 - 84.38

Valuation FY2025 figures against the last close

P/S0.8x
P/E8.7x
P/FCF17.6x
EV/EBITDA—
Dividend yield1.0%
Diluted EPS4.37

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Australia
  • Netherlands
  • Brazil
  • Spain
  • Other
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 6.1B (47.7%) 48% United States Australia, FY2025: 3B (23.5%) 23% Australia Netherlands, FY2025: 2.3B (18.3%) 18% Netherlands Brazil, FY2025: 1B (7.9%) 8% Brazil Spain, FY2025: 318M (2.5%) Other, FY2025: 25M (0.2%) FY2024 United States, FY2024: 5.4B (45.1%) 45% Australia, FY2024: 3.1B (26.3%) 26% Netherlands, FY2024: 2.2B (18.4%) 18% Brazil, FY2024: 878M (7.4%) 7% Spain, FY2024: 293M (2.5%) Other, FY2024: 38M (0.3%) FY2023 United States, FY2023: 5B (47.3%) 47% Australia, FY2023: 2.2B (21.2%) 21% Netherlands, FY2023: 2.3B (21.4%) 21% Brazil, FY2023: 735M (7.0%) 7% Spain, FY2023: 289M (2.7%) Other, FY2023: 33M (0.3%)
Region FY2025FY2024FY2023
United States $6.12B $5.37B $4.99B
Australia $3.01B $3.13B $2.24B
Netherlands $2.34B $2.19B $2.26B
Brazil $1.02B $878.0M $735.0M
Spain $318.0M $293.0M $289.0M
Other $25.0M $38.0M $33.0M

As the company reported it, from the “Segment and Related Information - Schedule of Geographic Information for Third-party Sales (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $12.83B$11.89B$10.55B$12.45B$12.15B$9.29B$10.43B$13.40B$11.65B$9.32B
R&D $24.0M$57.0M$39.0M$32.0M$31.0M$27.0M$27.0M$31.0M$32.0M$33.0M
SG&A $299.0M$275.0M$226.0M$204.0M$227.0M$206.0M$280.0M$248.0M$280.0M$356.0M
Total operating expenses —————————$9.48B
Interest expense $158.0M$156.0M$107.0M$106.0M$195.0M$146.0M$121.0M$122.0M$104.0M$243.0M
Pre-tax income $1.06B$289.0M-$584.0M$702.0M$1.20B$173.0M-$438.0M$1.62B$1.20B-$162.0M
Income tax $55.0M$265.0M$189.0M$664.0M$629.0M$187.0M$415.0M$732.0M$592.0M$184.0M
Net income $1.16B$60.0M-$651.0M-$123.0M$429.0M-$170.0M-$1.12B$250.0M$279.0M-$400.0M
EPS, basic 4.400.26-3.65-0.682.30-0.91-6.071.341.51-2.19
EPS, diluted 4.370.26-3.65-0.682.26-0.91-6.071.331.49-2.19
Shares, diluted (wtd. avg.) 261.0M214.0M178.0M181.0M190.0M186.0M185.0M189.0M187.0M183.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.60B$1.14B$1.05B$1.47B$1.92B$1.61B$883.0M$1.12B$1.36B$859.0M
Receivables $1.06B$1.10B$656.0M$778.0M$757.0M$471.0M$546.0M$830.0M$811.0M$668.0M
Inventory $2.18B$2.00B$2.16B$2.43B$1.96B$1.40B$1.64B$1.82B$1.45B$1.16B
Total current assets $5.47B$4.91B$4.41B$5.25B$5.03B$4.52B$3.53B$4.33B$4.24B$3.18B
Property, plant and equipment $6.70B$6.39B$6.79B$6.49B$6.62B$7.19B$7.92B$8.33B$9.14B$9.32B
Goodwill $0$142.0M$146.0M$145.0M$144.0M$145.0M$150.0M$151.0M$989.0M$989.0M
Other intangibles $34.0M$36.0M$37.0M$29.0M$35.0M$45.0M$52.0M$57.0M$62.0M—
Total assets $16.13B$14.06B$14.15B$14.76B$15.03B$14.86B$14.63B$16.13B$17.45B$16.74B
Accounts payable $1.94B$1.80B$1.71B$1.76B$1.67B$1.40B$1.48B$1.66B$1.90B$1.46B
Short-term debt $1.0M$75.0M$79.0M$1.0M$1.0M$2.0M$1.0M$1.0M$16.0M$21.0M
Total current liabilities $3.80B$3.40B$3.03B$3.00B$3.22B$2.76B$2.56B$2.92B$3.25B$2.82B
Long-term debt $2.44B$2.47B$1.73B$1.81B$1.73B$2.46B$1.80B$1.80B$1.39B$1.42B
Total liabilities $9.94B$8.91B$8.31B$8.17B$8.74B$9.84B$8.74B$8.54B$10.65B$9.04B
Retained earnings -$271.0M-$1.32B-$1.29B-$570.0M-$315.0M-$725.0M-$555.0M$570.0M$113.0M-$104.0M
Total equity $6.12B$5.16B$5.84B$6.59B$6.28B$5.02B$5.89B$7.59B$6.97B$7.82B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.19B$622.0M$91.0M$822.0M$920.0M$394.0M$686.0M$448.0M$1.22B-$311.0M
Depreciation and amortisation $623.0M$642.0M$632.0M$617.0M$664.0M$653.0M$713.0M$733.0M$750.0M$718.0M
Stock-based compensation $41.0M$36.0M$35.0M$40.0M$39.0M$25.0M$30.0M$35.0M$24.0M$28.0M
Capital expenditure $618.0M$580.0M$531.0M$480.0M$390.0M$353.0M$379.0M$399.0M$405.0M$404.0M
Investing cash flow -$502.0M-$608.0M-$585.0M-$495.0M$565.0M-$167.0M-$468.0M-$405.0M-$226.0M-$149.0M
Financing cash flow -$261.0M$201.0M$57.0M-$768.0M-$1.16B$514.0M-$444.0M-$288.0M-$506.0M$749.0M
Dividends paid $104.0M$89.0M$72.0M$72.0M$19.0M—————
Buybacks —$0$0$500.0M$150.0M——$50.0M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-077167.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 9.3B Net income, FY2016: -400M Revenue, FY2017: 11.7B Net income, FY2017: 279M Revenue, FY2018: 13.4B Net income, FY2018: 250M Revenue, FY2019: 10.4B Net income, FY2019: -1.1B Revenue, FY2020: 9.3B Net income, FY2020: -170M Revenue, FY2021: 12.2B Net income, FY2021: 429M Revenue, FY2022: 12.5B Net income, FY2022: -123M Revenue, FY2023: 10.6B Net income, FY2023: -651M Revenue, FY2024: 11.9B Net income, FY2024: 60M Revenue, FY2025: 12.8B Net income, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.32B $11.65B $13.40B $10.43B $9.29B $12.15B $12.45B $10.55B $11.89B $12.83B
Gross profit — — — — — — — — — —
Net income -$400.0M $279.0M $250.0M -$1.12B -$170.0M $429.0M -$123.0M -$651.0M $60.0M $1.16B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3334

TickerCompanyMarket capP/ERevenue growth
CENX CENTURY ALUMINUM CO $3.11B 74.8x 13.9%