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Alcoa (AA)

NYSE Materials Aluminum S&P MidCap 400
$39.54
+1.12 (+2.92%)
Close of Nov 06, 2026 · end-of-day data
Source: Alcoa's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$9.32B$11.65B$13.40B$10.43B$9.29B$12.15B$12.45B$10.55B$11.89B$12.83B
Cost of revenue—$8.95B$10.05B$8.54B$7.97B$9.15B$10.21B$9.81B$10.04B$10.66B
Gross profit—$2.70B$3.35B$1.90B$1.32B$3.00B$2.24B$738.00M$1.85B$2.17B
Research & development$33.00M$32.00M$31.00M$27.00M$27.00M$31.00M$32.00M$39.00M$57.00M$24.00M
Selling, general & admin$356.00M$280.00M$248.00M$280.00M$206.00M$227.00M$204.00M$226.00M$275.00M$299.00M
Interest expense$243.00M$104.00M$122.00M$121.00M$146.00M$195.00M$106.00M$107.00M$156.00M$158.00M
Pre-tax income-$162.00M$1.20B$1.62B-$438.00M$173.00M$1.20B$702.00M-$584.00M$289.00M$1.06B
Income tax$184.00M$592.00M$732.00M$415.00M$187.00M$629.00M$664.00M$189.00M$265.00M-$55.00M
Net income-$400.00M$279.00M$250.00M-$1.12B-$170.00M$429.00M-$123.00M-$651.00M$60.00M$1.16B
EPS (basic)$-2.19$1.51$1.34$-6.07$-0.91$2.30$-0.68$-3.65$0.26$4.40
EPS (diluted)$-2.19$1.49$1.33$-6.07$-0.91$2.26$-0.68$-3.65$0.26$4.37
Diluted shares183.00M187.00M189.00M185.00M186.00M190.00M181.00M178.00M214.00M261.00M
Gross margin—23.2%25.0%18.2%14.2%24.7%18.0%7.0%15.6%16.9%
Net margin-4.3%2.4%1.9%-10.8%-1.8%3.5%-1.0%-6.2%0.5%9.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$853.00M$1.36B$1.11B$879.00M$1.61B$1.81B$1.36B$944.00M$1.14B$1.60B
Receivables$668.00M$811.00M$830.00M$546.00M$471.00M$757.00M$778.00M$656.00M$1.10B$1.06B
Inventory$1.16B$1.45B$1.82B$1.64B$1.40B$1.96B$2.43B$2.16B$2.00B$2.18B
Total current assets$3.18B$4.24B$4.33B$3.53B$4.52B$5.03B$5.25B$4.41B$4.91B$5.47B
Goodwill$989.00M$989.00M$151.00M$150.00M$145.00M$144.00M$145.00M$146.00M$142.00M$0
Total assets$16.74B$17.45B$16.13B$14.63B$14.86B$15.03B$14.76B$14.15B$14.06B$16.13B
Total current liabilities$2.82B$3.25B$2.92B$2.56B$2.76B$3.22B$3.00B$3.03B$3.40B$3.80B
Short-term debt$21.00M$16.00M$1.00M$1.00M$2.00M$1.00M$1.00M$79.00M$75.00M$1.00M
Long-term debt$1.42B$1.39B$1.80B$1.80B$2.46B$1.73B$1.81B$1.73B$2.47B$2.44B
Total debt$1.45B$1.40B$1.80B$1.80B$2.46B$1.73B$1.81B$1.81B$2.54B$2.44B
Total liabilities$9.04B$10.65B$8.54B$8.74B$9.84B$8.74B$8.17B$8.31B$8.91B$9.94B
Shareholders' equity$5.65B$4.52B$5.62B$4.11B$3.31B$4.67B$5.08B$4.25B$5.16B$6.12B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$311.00M$1.22B$448.00M$686.00M$394.00M$920.00M$822.00M$91.00M$622.00M$1.19B
Capital expenditures$404.00M$405.00M$399.00M$379.00M$353.00M$390.00M$480.00M$531.00M$580.00M$618.00M
Free cash flow-$715.00M$819.00M$49.00M$307.00M$41.00M$530.00M$342.00M-$440.00M$42.00M$567.00M
Investing cash flow-$149.00M-$226.00M-$405.00M-$468.00M-$167.00M$565.00M-$495.00M-$585.00M-$608.00M-$502.00M
Financing cash flow$749.00M-$506.00M-$288.00M-$444.00M$514.00M-$1.16B-$768.00M$57.00M$201.00M-$261.00M
Dividends paid—————$19.00M$72.00M$72.00M$89.00M$104.00M
Share buybacks——$50.00M——$150.00M$500.00M$0$0—
Stock-based compensation$28.00M$24.00M$35.00M$30.00M$25.00M$39.00M$40.00M$35.00M$36.00M$41.00M
Depreciation & amortization$718.00M$750.00M$733.00M$713.00M$653.00M$664.00M$617.00M$632.00M$642.00M$623.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.