FirmAtlas
Company handbook · AA · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
AA · CIK 1675149 · LATEST FILING: 10-Q JUN '26 · FILED JUL 30, 2026
ALCOA CORP
$41.45
+1.03 (+2.55%)
Close, Oct 16, 2026 · 52-week $35–84
Alcoa mines bauxite, refines it into alumina, and smelts alumina into aluminum. It sells aluminum as ingot, billet, slab and other primary products, and sells alumina and bauxite to other producers.
Business
- ProductsPrimary Aluminum 66% · Alumina 29% · Bauxite 6% · Energy 1% · Other Products -2% (FY25)
- RegionsUS 48% · Australia 23% · Netherlands 18% · Brazil 8% · Other 3% (FY25)
- CustomersAluminum fabricators and makers of packaging, vehicles and building products, and other refiners and smelters; sold directly, much of it under contracts
- Cash useFY24–FY25: capex $1.2B · dividends $193M
Reinvested 66% of operating cash flow · returned 32% of free cash flow
Last fiscal year
ALCOA CORP reported revenue of $12.8B for the year ended Dec 31, 2025 (FY25), up 7.9% from FY24. Net income was $1.2B, operating cash flow $1.2B and free cash flow $567M. Source: 10-K filed Feb 26, 2026.
Market cap
$10.9B
P/E
8.5
P/B
1.5
Div yield
0.97%
Revenue 1Y
7.9%/yr
EPS 1Y
1580.8%/yr
Shares 1Y
+2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOWilliam F. Oplinger
HQPittsburgh, PA
AuditorPricewaterhouseCoopers LLP
Employees14,900
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.6%
−5.8%
15.6%
11.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.4B deployed
Capex
$1.2B
86.1%
Dividends
$193M
13.9%
Operating cash flow over the period: $1.8B. Total debt changed by −$32M. R&D of $81M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
14,064
16,129+14.7%
16,853
Cash & short-term investments
1,234
1,692+37.1%
—
Accounts receivable
1,096
1,064−2.9%
—
Inventory
1,998
2,177+9.0%
—
Net PP&E
6,389
6,700+4.9%
—
Other assets
3,347
4,496+34.3%
—
Total liabilities
8,907
10,011+12.4%
9,483
Accounts payable
1,805
1,938+7.4%
—
Total debt
2,470
2,438−1.3%
2,224
Other liabilities
4,632
5,635+21.7%
—
Shareholders’ equity
5,157
6,118+18.6%
7,370
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
622
1,185+90.5%
1,051
Net income
24
1,119+4562.5%
—
Depreciation & amortization
642
623−3.0%
—
Stock-based compensation
36
41+13.9%
—
Working capital & other
(80)
(598)n/m
—
Cash from investing
(608)
(502)n/m
—
Capex
(580)
(618)n/m
—
PP&E sold
3
5+66.7%
—
Investments bought
(37)
(59)n/m
—
Other investing
6
170+2733.3%
—
Cash from financing
201
(261)−229.9%
—
Debt repaid
(679)
(1,213)n/m
—
Dividends
(89)
(104)n/m
—
Buybacks
0
—
—
Shares issued
0
0n/m
—
Other financing
969
1,056+9.0%
—
Net change in cash
187
458+144.9%
—
Free cash flow (OCF − capex)
42
567+1250.0%
352
Where the cash went
Operating cash flow
622
1,185+90.5%
1,051
Reinvested in the business
580
618+6.6%
—
% of operating cash flow
93.2%
52.2%
Capex
580
618+6.6%
699
R&D (memo, already in costs)
57
24−57.9%
—
Free cash flow
42
567+1250.0%
352
YoY
+1250.0%
Returned to shareholders
89
104+16.9%
—
% of free cash flow
211.9%
18.3%
Dividends
89
104+16.9%
—
Buybacks
0
—
—
Change in total debt
—
(32)
—
Cash left over
—
431
—
FCF conversion (FCF ÷ net income)
70.0%
49.0%−21.0 pp
—
Owner earnings
—
1,148
—
Owner earnings margin
—
8.9%
—
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,995
3,449
3,193
3,966
vs year-ago quarter
Net income
232
213
425
407
vs year-ago quarter
Net margin
7.7%
6.2%
13.3%
10.3%
EPS (diluted, $)
0.88
0.81
1.60
1.53
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
15,969
16,129
16,640
16,853
Cash & equivalents
1,574
1,692
1,447
1,494
Total debt
2,578
2,438
2,441
2,224
Shareholders’ equity
6,345
6,118
6,826
7,370
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
85
537
(179)
608
Capex
151
243
119
186
Free cash flow
(66)
294
(298)
422
vs year-ago quarter