Alcoa Corporation logo

Alcoa Corporation

AA

NYSEBasic MaterialsAluminum

Latest quote

$49.39

−$2.46 · -4.74%

Aug 24, 3:59 PM ET

After-hours

$49.39

$0.00 · 0.00%

Aug 24, 4:15 PM ET

AA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

87

Deep Value

Momentum

29

Weakening

Sentiment

78

Bullish

Risk resilience

35

High Risk

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Company profile

Company website

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.

Industry
Aluminum
Sector
Basic Materials
Headquarters
US
CEO
William F. Oplinger
Listed since
Nov 1, 2016
Employees
14,900

Market position

Day range

Current $49.39

52-week range

Current $49.39

Open
$51.50
Previous close
$51.85
Volume
5.2M
0.97× average
Average volume
5.35M
Average daily volume
Market cap
13.03B USD
Beta
1.62
Market reference 1
50-day average
$50.7356
-2.65% below average
200-day average
$57.0105
-13.37% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
10.04×
P/B (TTM)
1.77×
P/S (TTM)
0.96×
Dividend yield
0.81%

Profitability & efficiency

Gross margin
18.79%
Operating margin
7.96%
Net margin
9.39%

Financial health

Debt / equity
0.3×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%13%2%-9%Gross margin, FY2021: 21.08%Gross margin, FY2022: 15.15%Gross margin, FY2023: 2.25%Gross margin, FY2024: 12.29%Gross margin, FY2025: 16.94%Operating margin, FY2021: 19.01%Operating margin, FY2022: 13.30%Operating margin, FY2023: -0.22%Operating margin, FY2024: 9.57%Operating margin, FY2025: 5.91%Net margin, FY2021: 3.45%Net margin, FY2022: -0.96%Net margin, FY2023: -6.08%Net margin, FY2024: 0.49%Net margin, FY2025: 9.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.08%. Gross margin FY2022 15.15%. Gross margin FY2023 2.25%. Gross margin FY2024 12.29%. Gross margin FY2025 16.94%. Operating margin FY2021 19.01%. Operating margin FY2022 13.30%. Operating margin FY2023 -0.22%. Operating margin FY2024 9.57%. Operating margin FY2025 5.91%. Net margin FY2021 3.45%. Net margin FY2022 -0.96%. Net margin FY2023 -6.08%. Net margin FY2024 0.49%. Net margin FY2025 9.02%.

Income trends

Revenue

12.83B USD+5.31%

Operating income

758M USD-34.99%

Net income

1.16B USD+1828.33%
Income trends across reported periods14.18B USD8.79B USD3.39B USD−2B USDRevenue, FY2021: 12.44B USDRevenue, FY2022: 12.76B USDRevenue, FY2023: 10.71B USDRevenue, FY2024: 12.18B USDRevenue, FY2025: 12.83B USDOperating income, FY2021: 2.36B USDOperating income, FY2022: 1.7B USDOperating income, FY2023: −24M USDOperating income, FY2024: 1.17B USDOperating income, FY2025: 758M USDNet income, FY2021: 429M USDNet income, FY2022: −123M USDNet income, FY2023: −651M USDNet income, FY2024: 60M USDNet income, FY2025: 1.16B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.44B USD. Revenue FY2022 12.76B USD. Revenue FY2023 10.71B USD. Revenue FY2024 12.18B USD. Revenue FY2025 12.83B USD. Operating income FY2021 2.36B USD. Operating income FY2022 1.7B USD. Operating income FY2023 −24M USD. Operating income FY2024 1.17B USD. Operating income FY2025 758M USD. Net income FY2021 429M USD. Net income FY2022 −123M USD. Net income FY2023 −651M USD. Net income FY2024 60M USD. Net income FY2025 1.16B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue12.83B USD12.18B USD10.71B USD12.76B USD12.44B USD
Cost of goods sold10.66B USD10.69B USD10.47B USD10.83B USD9.82B USD
Gross profit2.17B USD1.5B USD241M USD1.93B USD2.62B USD
Research and development24M USD57M USD39M USD32M USD31M USD
Selling, general, and administrative299M USD275M USD226M USD204M USD227M USD
Operating expenses1.42B USD332M USD265M USD236M USD258M USD
Interest expense158M USD156M USD107M USD106M USD195M USD
Depreciation and amortization623M USD642M USD632M USD617M USD664M USD
Operating income758M USD1.17B USD−24M USD1.7B USD2.36B USD
Net income1.16B USD60M USD−651M USD−123M USD429M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+38.06%
11 comparable reports
Latest EPS result
2.12
Estimate 2.33 · Miss by 9.01%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.531.570.62-0.34Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 1.04, estimate 0.93, surprise +11.83%, Beat. Q2 2025, reported Apr 16, 2025: actual 2.15, estimate 1.68, surprise +27.98%, Beat. Q3 2025, reported Jul 16, 2025: actual 0.39, estimate 0.322, surprise +20.97%, Beat. Q4 2025, reported Oct 22, 2025: actual -0.02, estimate -0.141, surprise +85.83%, Beat. Q1 2026, reported Jan 22, 2026: actual 1.26, estimate 0.926, surprise +36.07%, Beat. Q2 2026, reported Apr 16, 2026: actual 1.4, estimate 1.53, surprise -8.50%, Miss. Q3 2026, reported Jul 16, 2026: actual 2.12, estimate 2.33, surprise -9.01%, Miss. Q4 2026, reported Oct 21, 2026: actual —, estimate 1.56, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.15B3.68B3.21B2.75BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 22, 2025: actual 3.49B USD, estimate 3.46B USD, surprise +0.71%, Beat. Q2 2025, reported Apr 16, 2025: actual 3.37B USD, estimate 3.47B USD, surprise -3.05%, Miss. Q3 2025, reported Jul 16, 2025: actual 3.02B USD, estimate 2.91B USD, surprise +3.80%, Beat. Q4 2025, reported Oct 22, 2025: actual 3B USD, estimate 3.09B USD, surprise -3.12%, Miss. Q1 2026, reported Jan 22, 2026: actual 3.45B USD, estimate 3.28B USD, surprise +5.28%, Beat. Q2 2026, reported Apr 16, 2026: actual 3.19B USD, estimate 3.28B USD, surprise -2.64%, Miss. Q3 2026, reported Jul 16, 2026: actual 3.97B USD, estimate 3.99B USD, surprise -0.56%, Miss. Q4 2026, reported Oct 21, 2026: actual —, estimate 3.85B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$65.50

32.62% upside
Past 12 months12-month forecastHigh $75.00Average $65.50Low $53.00

Rating distribution

42 ratings
Strong buy12%
Buy2252%
Hold1843%
Sell12%
Strong sell00%

Recent analyst actions

12 institutions

AA news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.40

2025 complete year+30.6% since 2016

2026 partial: $0.30

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 11, 2026

$0.10

Quarterly

Record Aug 11, 2026 · Payment Aug 27, 2026

Dividend

Ex-dividend May 19, 2026

$0.10

Quarterly

Record May 19, 2026 · Payment Jun 5, 2026

Dividend

Ex-dividend Mar 10, 2026

$0.10

Quarterly

Record Mar 10, 2026 · Payment Mar 26, 2026

Dividend

Ex-dividend Nov 4, 2025

$0.10

Quarterly

Record Nov 4, 2025 · Payment Nov 21, 2025

Dividend

Ex-dividend Aug 12, 2025

$0.10

Quarterly

Record Aug 12, 2025 · Payment Aug 28, 2025

Dividend

Ex-dividend May 20, 2025

$0.10

Quarterly

Record May 20, 2025 · Payment Jun 6, 2025

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