Alcoa Corp (AA)
Alcoa Corporation stands as a global industrial leader, primarily focused on the production and sale of bauxite, alumina, and aluminum products. Its extensive operations span multiple continents, including North America (United States, Canada), Europe (Spain, Iceland, Norway), South America (Brazil), and Australia, along with other international markets. The company's activities are strategically divided into three principal segments: Bauxite, Alumina, and Aluminum. Alcoa initiates its process with bauxite mining. This raw material is then refined into alumina, which is subsequently sold to customers for conversion into various industrial chemical products. Additionally, the company is involved in aluminum smelting and casting, supplying primary aluminum in forms like alloy or value-added ingots. These aluminum products cater to a diverse range of industries, including transportation, building and construction, packaging, wire manufacturing, and other industrial applications. Beyond its core metals business, Alcoa also operates hydroelectric power generation facilities. These plants generate and sell electricity into the wholesale market, serving a wide array of clients, from traders and large industrial consumers to distribution companies and other power generators. Founded in 1888, the company is headquartered in Pittsburgh, Pennsylvania. It officially adopted the name Alcoa Corporation in October 2016, prior to which it was known as Alcoa Upstream Corporation.
Sector: Primary Production of Aluminum
Industry: Aluminum
Alcoa Corporation
NYSE:AABasic Materials · Aluminum
+2.08%$38.70
AH Close$38.64-0.16%vs close
AH Close$38.64-0.16%vs close
Mkt Cap$10.21B
Float263.2M
O/S263.91M
Inst Own77.7%
SI4.5%
Div Yield1.03%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$12.83B
Net Income$1.16B
Total Assets$16.13B
Free Cash Flow$567M
Debt & Equity
Debt 31%
Equity 69%
Total Debt$2.75B
Total Equity$6.12B
Shares Outstanding
Short Interest
Split History2 splits · 1 reverse
- 1.2:1Forward splitNov 1, 20161 share → 1.2
- 1:3Reverse splitOct 6, 20163 shares → 1
Balance Sheet Details
Assets$16.13B
Liabilities$9.94B
Accounts Receivable$1.27B
Accounts Payable$1.94B
Inventory$2.18B
PP&E (Net)$6.7B
Goodwill$0
Intangible Assets$34M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $12.83B | $12.18B | $10.71B | $12.76B | $12.44B | $9.37B | $10.49B | $13.52B | $11.78B | $9.32B | $11.22B | $23.95B | $23.06B |
| YoY Growth | 5.3% | 13.8% | -16.1% | 2.6% | 32.7% | -10.7% | -22.4% | 14.7% | 26.3% | -16.9% | -53.1% | 3.8% | - |
| Cost of Revenue | $10.66B | $10.69B | $10.46B | $10.83B | $9.81B | $8.61B | $9.29B | $10.82B | $9.76B | $8.62B | $9.82B | $20.51B | $20.71B |
| Gross Profit | $2.17B | $1.5B | $241M | $1.93B | $2.62B | $765M | $1.2B | $2.69B | $2.02B | $709M | $1.4B | $3.44B | $2.35B |
| Gross Margin | 16.9% | 12.3% | 2.3% | 15.1% | 21.1% | 8.2% | 11.5% | 19.9% | 17.1% | 7.6% | 12.5% | 14.4% | 10.2% |
| Research and Development | $24M | $57M | $39M | $32M | $31M | $27M | $27M | $31M | $32M | $33M | $69M | $95M | $86M |
| Selling, General, and Administrative | $299M | $275M | $226M | $204M | $227M | $206M | $280M | $248M | $284M | $359M | $353M | $383M | $406M |
| Other | $1.09B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.42B | $332M | $265M | $236M | $258M | $233M | $307M | $279M | $312M | $324M | $410M | $1.21B | $1.2B |
| Operating Income (EBIT) | $758M | $1.17B | -$24M | $1.7B | $2.36B | $532M | $895M | $2.42B | $1.71B | $385M | $991M | $2.22B | $1.15B |
| Operating Margin | 5.9% | 9.6% | -0.2% | 13.3% | 19.0% | 5.7% | 8.5% | 17.9% | 14.5% | 4.1% | 8.8% | 9.3% | 5.0% |
| Interest Expense | $158M | $156M | $107M | $106M | $195M | $146M | $121M | $122M | $104M | $243M | $270M | $309M | $305M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $306M | -$877M | -$560M | -$995M | -$1.17B | -$359M | -$1.33B | -$790M | -$549M | -$547M | -$1.33B | -$1.73B | -$2.97B |
| Income Before Tax (EBT) | $1.06B | $289M | -$584M | $702M | $1.2B | $173M | -$438M | $1.63B | $1.16B | -$162M | -$337M | $497M | -$1.82B |
| Income Tax Expense | -$55M | $265M | $189M | $664M | $629M | $187M | $415M | $732M | $592M | $184M | $402M | $284M | $123M |
| Net Income | $1.16B | $60M | -$651M | -$123M | $429M | -$170M | -$1.13B | $250M | $217M | -$400M | -$863M | $268M | -$2.29B |
| Net Income Margin | 9.0% | 0.5% | -6.1% | -1.0% | 3.4% | -1.8% | -10.7% | 1.8% | 1.8% | -4.3% | -7.7% | 1.1% | -9.9% |
| Supplementary Data | |||||||||||||
| EPS | 4.47 | 0.28 | -3.65 | -0.57 | 2.30 | -0.91 | -6.07 | 1.22 | 1.18 | -2.19 | -4.73 | 1.35 | -16.01 |
| Diluted EPS | 4.44 | 0.28 | -3.65 | -0.57 | 2.26 | -0.91 | -6.07 | 1.20 | 1.16 | -2.19 | -4.73 | 1.35 | -16.01 |
| Weighted Average OS | 260.93M | 212.42M | 178.00M | 181.00M | 186.00M | 186.00M | 185.00M | 186.23M | 184.42M | 182.54M | 182.40M | 182.40M | 181.70M |
| EBITDA | $1.84B | $1.09B | $155M | $1.43B | $2.06B | $972M | $396M | $2.48B | $2.01B | $799M | $713M | $2.34B | $57M |
| EBITDA Margin | 14.4% | 8.9% | 1.4% | 11.2% | 16.5% | 10.4% | 3.8% | 18.3% | 17.1% | 8.6% | 6.4% | 9.8% | 0.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $1.69B | $1.14B | $944M | $1.36B | $1.81B | $1.61B | $879M | $1.11B | $1.36B | $853M | $557M | $266M |
| Short-Term Investments | $49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.74B | $1.14B | $944M | $1.36B | $1.81B | $1.61B | $879M | $1.11B | $1.36B | $853M | $557M | $266M |
| Accounts Receivable | $1.27B | $1.24B | $808M | $909M | $884M | $556M | $660M | $1B | $1.04B | $834M | $504M | $712M |
| Inventory | $2.18B | $2B | $2.16B | $2.43B | $1.96B | $1.4B | $1.64B | $1.82B | $1.45B | $1.16B | $1.17B | $1.5B |
| Other Current Assets | $246M | $539M | $495M | $551M | $14M | $669M | $59M | $73M | $113M | $51M | $0 | $0 |
| Total Current Assets | $5.47B | $4.91B | $4.41B | $5.25B | $5.03B | $4.52B | $3.53B | $4.33B | $4.24B | $3.18B | $2.57B | $2.92B |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $6.7B | $6.39B | $6.79B | $6.49B | $6.62B | $7.19B | $7.92B | $8.33B | $9.14B | $9.32B | $9.39B | $11.33B |
| Goodwill | $0 | $142M | $146M | $145M | $144M | $145M | $150M | $151M | $154M | $155M | $152M | $160M |
| Intangible Assets | $34M | $36M | $37M | $29M | $36M | $45M | $52M | $57M | $62M | $135M | $53M | $70M |
| Long-Term Investments | $1.98B | $980M | $979M | $1.12B | $1.2B | $1.05B | $1.11B | $1.36B | $1.41B | $1.36B | $1.47B | $1.78B |
| Deferred Tax Assets | $687M | $284M | $333M | $296M | $506M | $655M | $642M | $560M | $814M | $741M | $589M | $1.06B |
| Other Long-Term Assets | $1.26B | $1.32B | $1.47B | $1.42B | $1.49B | $1.25B | $1.23B | $1.35B | $1.63B | $1.85B | $2.19B | $1.36B |
| Total Long-Term Assets | $10.66B | $9.15B | $9.75B | $9.51B | $10B | $10.34B | $11.1B | $11.8B | $13.21B | $13.56B | $13.85B | $15.76B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $16.13B | $14.06B | $14.15B | $14.76B | $15.03B | $14.86B | $14.63B | $16.13B | $17.45B | $16.74B | $16.41B | $18.68B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $1.94B | $1.8B | $1.71B | $1.76B | $1.67B | $1.4B | $1.48B | $1.66B | $1.9B | $1.46B | $1.38B | $1.74B |
| Short-Term Debt | $50M | $125M | $135M | $1M | $76M | $79M | $1M | $1M | $16M | $21M | $18M | $29M |
| Current Income Tax Payable | $294M | $102M | $88M | $230M | $374M | $91M | $104M | $426M | $282M | $147M | $136M | $141M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.14B | $1.36B | $1.09B | $1.02B | $1.1B | $1.19B | $974M | $829M | $1.06B | $1.2B | $871M | $825M |
| Total Current Liabilities | $3.8B | $3.4B | $3.03B | $3B | $3.22B | $2.76B | $2.56B | $2.92B | $3.25B | $2.82B | $2.4B | $2.73B |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $2.44B | $2.47B | $1.73B | $1.81B | $1.73B | $2.46B | $1.8B | $1.8B | $1.39B | $1.42B | $207M | $313M |
| Long-Term Unearned Revenue | $4M | $12M | $20M | $28M | $36M | $45M | $52M | $61M | $68M | $76M | $84M | $93M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $3.43B | $2.81B | $3.42B | $3.27B | $3.69B | $4.49B | $4.23B | $3.76B | $5.94B | $4.72B | $2.21B | $2.47B |
| Total Long-Term Liabilities | $6.13B | $5.51B | $5.28B | $5.16B | $5.52B | $7.08B | $6.18B | $5.63B | $7.4B | $6.22B | $2.5B | $2.87B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $9.94B | $8.91B | $8.31B | $8.17B | $8.74B | $9.84B | $8.74B | $8.54B | $10.65B | $9.04B | $4.9B | $5.61B |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $0 | $11.91B |
| Retained Earnings | -$271M | -$1.32B | -$1.29B | -$570M | -$315M | -$725M | -$555M | $570M | $113M | -$104M | $0 | $0 |
| Comprehensive Income & Other | -$5.19B | -$5.11B | -$3.65B | -$3.54B | -$4.59B | -$5.63B | -$4.97B | -$4.57B | -$5.18B | -$3.77B | -$1.6B | -$1.32B |
| Other Stockholders' Equity | $6.39B | $6.48B | $5.54B | $5.64B | $4.99B | $4.03B | $4.67B | $5.05B | $4.41B | $5.76B | $9.44B | -$1.32B |
| Total Equity | $6.12B | $5.16B | $4.25B | $5.08B | $4.67B | $3.31B | $4.11B | $5.62B | $4.52B | $5.65B | $9.44B | $10.6B |
| Minority Interest | $76M | $0 | $1.59B | $1.51B | $1.61B | $1.71B | $1.77B | $1.97B | $2.27B | $2.04B | $2.07B | $2.47B |
| Total Liabilities and Equity | $16.05B | $14.06B | $12.56B | $13.24B | $13.41B | $13.15B | $12.86B | $14.16B | $15.17B | $14.7B | $14.34B | $16.21B |
| Supplementary Data | ||||||||||||
| Total Debt | $2.75B | $2.82B | $1.97B | $1.87B | $1.87B | $2.62B | $1.9B | $1.8B | $1.4B | $1.45B | $225M | $342M |
| Net Debt | $1.05B | $1.68B | $1.03B | $503M | $52M | $1.02B | $1.02B | $689M | $46M | $592M | -$332M | $76M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $1.13B | $24M | -$773M | $38M | $570M | -$14M | -$853M | $893M | $608M | -$346M | -$739M | -$347M | -$2.87B |
| Depreciation & Amortization | $623M | $642M | $632M | $617M | $664M | $653M | $713M | $733M | $752M | $718M | $780M | $954M | $1.03B |
| Deferred Income Tax | -$269M | $23M | -$22M | $219M | $147M | -$26M | $15M | -$30M | $168M | -$46M | $86M | -$50M | -$10M |
| Stock-Based Compensation | $41M | $36M | $35M | $40M | $39M | $25M | $30M | $35M | $24M | $28M | $35M | $39M | $33M |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $71M | -$493M | $104M | -$59M | -$414M | $16M | $283M | -$43M | -$118M | -$234M | $130M | -$91M | -$62M |
| Inventory | -$57M | $51M | $243M | -$547M | -$639M | $122M | $137M | -$278M | -$238M | $43M | $212M | -$126M | $36M |
| Accounts Payable | $63M | $190M | -$74M | $189M | $354M | $25M | -$153M | -$165M | $377M | $6M | -$156M | $110M | $219M |
| Other Working Capital | -$10M | -$247M | -$543M | -$431M | $27M | -$187M | -$532M | -$308M | -$547M | -$624M | -$621M | -$511M | -$395M |
| Total Working Capital Change | $67M | -$499M | -$270M | -$848M | -$672M | -$24M | -$265M | -$822M | -$567M | -$851M | -$435M | -$618M | -$202M |
| Other Non-Cash Items | -$409M | $396M | $489M | $756M | $172M | -$220M | $1.05B | -$361M | $239M | $186M | $1.15B | $864M | $2.48B |
| Net Cash from Operating | $1.19B | $622M | $91M | $822M | $920M | $394M | $686M | $448M | $1.22B | -$311M | $875M | $842M | $452M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$618M | -$580M | -$531M | -$480M | -$390M | -$353M | -$379M | -$399M | -$405M | -$404M | -$391M | -$444M | -$567M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$59M | -$37M | -$70M | -$32M | -$11M | -$12M | -$112M | -$7M | -$66M | -$3M | -$63M | -$145M | -$242M |
| Sales of Investments | $161M | $0 | $0 | $10M | $0 | $0 | $0 | $0 | $0 | $146M | $0 | $28M | $0 |
| Other Investing Activities | $14M | $9M | $16M | $7M | $966M | $198M | $23M | $1M | $245M | $112M | $70M | $223M | $7M |
| Net Cash from Investing | -$502M | -$608M | -$585M | -$495M | $565M | -$167M | -$468M | -$405M | -$226M | -$149M | -$384M | -$338M | -$802M |
| Financing Activities | |||||||||||||
| Debt Repaid | $164M | -$353M | -$55M | -$3M | $799M | -$738M | $7M | -$425M | $39M | -$1.19B | $24M | $35M | $40M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$15M | $0 | -$500M | -$150M | $0 | $0 | -$50M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$104M | -$89M | -$72M | -$72M | -$19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $8M | -$47M | $74M | -$199M | -$190M | -$224M | -$437M | -$663M | -$474M | -$441M | -$138M | -$409M | $463M |
| Net Cash from Financing | -$261M | $201M | $57M | -$768M | -$1.16B | $514M | -$444M | -$288M | -$506M | $749M | -$162M | -$444M | $429M |
| Forex Effect | $36M | -$28M | $10M | -$9M | -$13M | -$14M | -$7M | -$4M | $13M | $13M | -$38M | -$7M | -$14M |
| Net Change in Cash | $458M | $187M | -$427M | -$450M | $314M | $727M | -$233M | -$249M | $505M | $296M | $291M | $53M | $65M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $1.19B | $622M | $91M | $822M | $920M | $394M | $686M | $448M | $1.22B | -$311M | $875M | $842M | $452M |
| Capital Expenditure | -$618M | -$580M | -$531M | -$480M | -$390M | -$353M | -$379M | -$399M | -$405M | -$404M | -$391M | -$444M | -$567M |
| Free Cash Flow | $567M | $42M | -$440M | $342M | $530M | $41M | $307M | $49M | $819M | -$715M | $484M | $398M | -$115M |
| Cash at Beginning | $1.23B | $1.05B | $1.47B | $1.92B | $1.61B | $883M | $1.12B | $1.36B | $853M | $557M | $266M | $213M | $148M |
| Cash at End | $1.69B | $1.23B | $1.05B | $1.47B | $1.92B | $1.61B | $883M | $1.12B | $1.36B | $853M | $557M | $266M | $213M |