Alcoa Corporation (AA) reported $14.31B of revenue for the twelve months ended Sep 30, 2026. That is up 11.2% from the year before. Revenue for fiscal 2025 was $12.83B.

Yes. Alcoa Corporation earned $1.53B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.7%.

How much cash and debt does AA have?

Alcoa Corporation reported $4.41B in cash and cash equivalents and $4.82B of debt on its most recent balance sheet in SEC filings.

How fast is AA revenue growing?

Alcoa Corporation's revenue changed +7.9% in fiscal 2025, to $12.83B. Its compound annual growth rate was +6.7% over 5 years and +1.4% over 10 years.

What is AA free cash flow?

Alcoa Corporation generated $890.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.61B less capital expenditures.

What is AA earnings per share?

Diluted earnings per share were $5.74 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did AA last report financial results?

The latest statements here come from Alcoa Corporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Where does this AA financial data come from?

Quantisnow builds these statements from the structured XBRL data Alcoa Corporation files with the SEC. It is provided for information only and is not investment advice.

Financials · AA

Alcoa Corporation (AA) financials

For the twelve months ended Sep 30, 2026, Alcoa Corporation reported $14.31B of revenue and $1.53B of net income.

Revenue, TTM: $14.31B
Revenue growth, YoY: +11.2%
Net income, TTM: $1.53B
Net income growth, YoY: +33.3%
Net margin: 10.7%
Free cash flow, TTM: $890.00M
EPS, diluted, TTM: $5.74
Cash: $4.41B
Total debt: $4.82B
P/E: 6.83
P/S: 0.73
Market cap: $10.44B

Annual revenue$12.83B

FY2016FY2025

Annual net income$1.16B

FY2016FY2025

Annual free cash flow$567.00M

FY2016FY2025

AA revenue and earnings growth

AA revenueQ3 2026$3.70B

Quarter YoY: +23.7%
QoQ: -6.6%
FY YoY: +7.9%
5Y CAGR: +6.7%
10Y CAGR: +1.4%

AA revenue was $3.70B in fiscal Q3 2026 (ended Sep 30, 2026), up 23.7% from a year earlier and down 6.6% from the prior quarter. For the full fiscal 2025 it was $12.83B, up 7.9% from fiscal 2024. Compound annual growth was +6.7% over 5 years and +1.4% over 10 years. It rose in 6 of the last 10 fiscal years.

AA net incomeQ3 2026$483.00M

Quarter YoY: +108.2%
QoQ: +18.7%
FY YoY: 19x

AA net income was $483.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 108.2% from a year earlier and up 18.7% from the prior quarter. For the full fiscal 2025 it was $1.16B, up about 19-fold from fiscal 2024. Fiscal 2025 is the highest of the 12 fiscal years on file.

AA EPSQ3 2026$1.81

Quarter YoY: +105.7%
QoQ: +18.3%
FY YoY: 17x

AA diluted EPS was $1.81 in fiscal Q3 2026 (ended Sep 30, 2026), up 105.7% from a year earlier and up 18.3% from the prior quarter. For the full fiscal 2025 it was $4.37, up about 17-fold from fiscal 2024.

AA free cash flowQ3 2026$472.00M

QoQ: +11.8%
FY YoY: 14x
5Y CAGR: +69.1%
10Y CAGR: +1.6%

AA free cash flow was $472.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$66.00M a year earlier and up 11.8% from the prior quarter. For the full fiscal 2025 it was $567.00M, up about 14-fold from fiscal 2024. Compound annual growth was +69.1% over 5 years and +1.6% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$12.83B	$11.89B	$10.55B	$12.45B	$12.15B	$9.29B	$10.43B	$13.40B	$11.65B	$9.32B
Research and development	$24.00M	$57.00M	$39.00M	$32.00M	$31.00M	$27.00M	$27.00M	$31.00M	$32.00M	$33.00M
Selling, general and admin	$299.00M	$275.00M	$226.00M	$204.00M	$227.00M	$206.00M	$280.00M	$248.00M	$280.00M	$356.00M
Interest expense	$158.00M	$156.00M	$107.00M	$106.00M	$195.00M	$146.00M	$121.00M	$122.00M	$104.00M	$243.00M
Pre-tax income	$1.06B	$289.00M	-$584.00M	$702.00M	$1.20B	$173.00M	-$438.00M	$1.63B	$1.20B	-$162.00M
Income tax	-$55.00M	$265.00M	$189.00M	$664.00M	$629.00M	$187.00M	$415.00M	$732.00M	$592.00M	$184.00M
Net income	$1.16B	$60.00M	-$651.00M	-$123.00M	$429.00M	-$170.00M	-$1.13B	$250.00M	$279.00M	-$400.00M
EPS, basic	$4.40	$0.26	-$3.65	-$0.68	$2.30	-$0.91	-$6.07	$1.34	$1.51	-$2.19
EPS, diluted	$4.37	$0.26	-$3.65	-$0.68	$2.26	-$0.91	-$6.07	$1.33	$1.49	-$2.19
Diluted shares	261.0M	214.0M	178.0M	181.0M	190.0M	186.0M	185.0M	189.0M	187.0M	183.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$1.60B	$1.23B	$1.05B	$1.47B	$1.92B	$1.61B	$883.00M	$1.12B	$1.36B	$859.00M
Receivables	$1.06B	$1.10B	$656.00M	$778.00M	$757.00M	$471.00M	$546.00M	$830.00M	$811.00M	$668.00M
Inventory	$2.18B	$2.00B	$2.16B	$2.43B	$1.96B	$1.40B	$1.64B	$1.82B	$1.45B	$1.16B
Current assets	$5.47B	$4.91B	$4.41B	$5.25B	$5.03B	$4.52B	$3.53B	$4.33B	$4.24B	$3.18B
Goodwill	$0	$142.00M	$146.00M	$145.00M	$144.00M	$145.00M	$150.00M	$151.00M	$989.00M	$989.00M
Total assets	$16.13B	$14.06B	$14.15B	$14.76B	$15.03B	$14.86B	$14.63B	$16.13B	$17.45B	$16.74B
Current liabilities	$3.80B	$3.40B	$3.03B	$3.00B	$3.22B	$2.76B	$2.56B	$2.92B	$3.25B	$2.82B
Short-term debt	$9.00M	$75.00M	$79.00M	$1.00M	$1.00M	$2.00M	$1.00M	$1.00M	$16.00M	$21.00M
Long-term debt	$2.44B	$2.47B	$1.73B	$1.81B	$1.73B	$2.46B	$1.80B	$1.80B	$1.39B	$1.42B
Total debt	$2.45B	$2.54B	$1.81B	$1.81B	$1.73B	$2.46B	$1.80B	$1.80B	$1.40B	$1.45B
Total liabilities	$9.94B	$8.91B	$8.31B	$8.17B	$8.74B	$9.84B	$8.74B	$8.54B	$10.65B	$9.04B
Shareholders' equity	$6.12B	$5.16B	$5.84B	$6.59B	$6.28B	$5.02B	$5.89B	$7.59B	$6.97B	$7.82B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$1.19B	$622.00M	$91.00M	$822.00M	$920.00M	$394.00M	$686.00M	$448.00M	$1.22B	-$311.00M
Capital expenditures	$618.00M	$580.00M	$531.00M	$480.00M	$390.00M	$353.00M	$379.00M	$399.00M	$405.00M	$404.00M
Free cash flow	$567.00M	$42.00M	-$440.00M	$342.00M	$530.00M	$41.00M	$307.00M	$49.00M	$819.00M	-$715.00M
Investing cash flow	-$502.00M	-$608.00M	-$585.00M	-$495.00M	$565.00M	-$167.00M	-$468.00M	-$405.00M	-$226.00M	-$149.00M
Financing cash flow	-$261.00M	$201.00M	$57.00M	-$768.00M	-$1.16B	$514.00M	-$444.00M	-$288.00M	-$506.00M	$749.00M
Dividends paid	$104.00M	$89.00M	$72.00M	$72.00M	$19.00M	-	-	-	-	-
Share repurchases	-	$0	$0	$500.00M	$150.00M	-	-	$50.00M	-	-
Stock-based compensation	$41.00M	$36.00M	$35.00M	$40.00M	$39.00M	$25.00M	$30.00M	$35.00M	$24.00M	$28.00M
Depreciation and amortization	$623.00M	$642.00M	$632.00M	$617.00M	$664.00M	$653.00M	$713.00M	$733.00M	$750.00M	$718.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	7.9%	12.7%	-15.3%	2.5%	30.9%	-11.0%	-22.2%	15.0%	25.0%	-16.8%
Net income growth, YoY	1828.3%	-	-	-	-	-	-	-10.4%	-	-
EPS growth, YoY	1580.8%	-	-	-	-	-	-	-10.7%	-	-
Net margin	9.0%	0.5%	-6.2%	-1.0%	3.5%	-1.8%	-10.8%	1.9%	2.4%	-4.3%
Free cash flow margin	4.4%	0.4%	-4.2%	2.7%	4.4%	0.4%	2.9%	0.4%	7.0%	-7.7%
Return on equity	18.9%	1.2%	-11.1%	-1.9%	6.8%	-3.4%	-19.1%	3.3%	4.0%	-5.1%
Return on assets	7.2%	0.4%	-4.6%	-0.8%	2.9%	-1.1%	-7.7%	1.5%	1.6%	-2.4%
Current ratio	1.44	1.45	1.45	1.75	1.56	1.64	1.38	1.48	1.30	1.13
Debt to equity	0.40	0.49	0.31	0.27	0.27	0.49	0.31	0.24	0.20	0.18

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$3.70B	$3.97B	$3.19B	$3.45B	$3.00B	$3.02B	$3.37B	$3.49B	$2.90B	$2.91B	$2.60B	$2.60B
Research and development	$8.00M	$11.00M	$10.00M	-$11.00M	$11.00M	$12.00M	$12.00M	$17.00M	$16.00M	$13.00M	$11.00M	$14.00M
Selling, general and admin	$97.00M	$101.00M	$83.00M	$68.00M	$78.00M	$82.00M	$71.00M	$80.00M	$66.00M	$69.00M	$60.00M	$64.00M
Interest expense	$42.00M	$36.00M	$35.00M	$16.00M	$33.00M	$56.00M	$53.00M	$45.00M	$44.00M	$40.00M	$27.00M	$28.00M
Pre-tax income	$573.00M	$482.00M	$499.00M	$68.00M	$167.00M	$161.00M	$668.00M	$338.00M	$184.00M	$92.00M	-$325.00M	-$77.00M
Income tax	$91.00M	$73.00M	$82.00M	-$134.00M	-$51.00M	$10.00M	$120.00M	$136.00M	$86.00M	$61.00M	-$18.00M	-$36.00M
Net income	$483.00M	$407.00M	$425.00M	$213.00M	$232.00M	$164.00M	$548.00M	$202.00M	$90.00M	$20.00M	-$252.00M	-$150.00M
EPS, basic	$1.83	$1.54	$1.61	$0.81	$0.88	$0.63	$2.08	-	$0.39	$0.11	-$1.41	-$0.84
EPS, diluted	$1.81	$1.53	$1.60	$0.80	$0.88	$0.62	$2.07	-	$0.38	$0.11	-$1.41	-$0.84
Diluted shares	266.0M	266.0M	266.0M	-	261.0M	260.0M	260.0M	-	234.0M	181.0M	179.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$4.41B	$1.35B	$1.35B	$1.60B	$1.57B	$1.60B	$1.29B	$1.23B	$1.41B	$1.49B	$1.46B	$1.05B
Receivables	$1.35B	$1.54B	$1.19B	$1.06B	$1.04B	$979.00M	$1.20B	$1.10B	$862.00M	$939.00M	$869.00M	$656.00M
Inventory	$2.57B	$2.34B	$2.30B	$2.18B	$2.19B	$2.22B	$2.18B	$2.00B	$2.10B	$1.98B	$2.05B	$2.16B
Current assets	$9.17B	$5.88B	$5.68B	$5.47B	$5.28B	$5.40B	$5.21B	$4.91B	$4.87B	$4.90B	$4.88B	$4.41B
Goodwill	-	-	-	$0	$145.00M	$144.00M	$143.00M	$142.00M	$144.00M	$144.00M	$146.00M	$146.00M
Total assets	$20.36B	$16.85B	$16.64B	$16.13B	$15.97B	$14.99B	$14.57B	$14.06B	$14.54B	$14.31B	$14.33B	$14.15B
Current liabilities	$3.97B	$3.83B	$3.83B	$3.80B	$3.39B	$3.27B	$3.04B	$3.40B	$3.46B	$3.17B	$3.04B	$3.03B
Short-term debt	$0	$0	$109.00M	$9.00M	$3.00M	$8.00M	$45.00M	$75.00M	$12.00M	$31.00M	$52.00M	$79.00M
Long-term debt	$4.82B	$2.22B	$2.44B	$2.44B	$2.58B	$2.57B	$2.57B	$2.47B	$2.47B	$2.47B	$2.47B	$1.73B
Total debt	$4.82B	$2.22B	$2.55B	$2.45B	$2.58B	$2.58B	$2.62B	$2.54B	$2.48B	$2.50B	$2.52B	$1.81B
Total liabilities	$12.12B	$9.42B	$9.75B	$9.94B	$9.54B	$8.76B	$8.66B	$8.91B	$9.29B	$8.89B	$8.79B	$8.31B
Shareholders' equity	$8.24B	$7.37B	$6.83B	$6.12B	$6.34B	$6.13B	$5.82B	$5.16B	$5.25B	$5.42B	$5.53B	$5.84B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$643.00M	$608.00M	-$179.00M	$537.00M	$85.00M	$488.00M	$75.00M	$415.00M	$143.00M	$287.00M	-$223.00M	$198.00M
Capital expenditures	$171.00M	$186.00M	$119.00M	$243.00M	$151.00M	$131.00M	$93.00M	$169.00M	$146.00M	$164.00M	$101.00M	$188.00M
Free cash flow	$472.00M	$422.00M	-$298.00M	$294.00M	-$66.00M	$357.00M	-$18.00M	$246.00M	-$3.00M	$123.00M	-$324.00M	$10.00M
Investing cash flow	-$183.00M	-$203.00M	-$129.00M	-$251.00M	-$11.00M	-$132.00M	-$108.00M	-$174.00M	-$153.00M	-$164.00M	-$117.00M	-$197.00M
Financing cash flow	$2.58B	-$353.00M	$60.00M	-$166.00M	-$105.00M	-$67.00M	$77.00M	-$394.00M	-$84.00M	-$75.00M	$754.00M	$6.00M
Dividends paid	$27.00M	$26.00M	$27.00M	$26.00M	$26.00M	$26.00M	$26.00M	$26.00M	$26.00M	$18.00M	$19.00M	$18.00M
Stock-based compensation	$13.00M	$17.00M	$13.00M	$8.00M	$10.00M	$12.00M	$11.00M	$5.00M	$9.00M	$12.00M	$10.00M	$8.00M
Depreciation and amortization	$176.00M	$173.00M	$162.00M	$162.00M	$160.00M	$153.00M	$148.00M	$159.00M	$159.00M	$163.00M	$161.00M	$163.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	23.7%	31.4%	-5.2%	-1.1%	3.1%	3.9%	29.6%	34.3%	11.6%	8.3%	-2.7%	-2.6%
Net income growth, YoY	108.2%	148.2%	-22.4%	5.4%	157.8%	720.0%	-	-	-	-	-	-
EPS growth, YoY	105.7%	146.8%	-22.7%	-	131.6%	-	-	-	-	-	-	-
Net margin	13.0%	10.3%	13.3%	6.2%	7.7%	5.4%	16.3%	5.8%	3.1%	0.7%	-9.7%	-5.8%
Free cash flow margin	12.7%	10.6%	-9.3%	8.5%	-2.2%	11.8%	-0.5%	7.1%	-0.1%	4.2%	-12.5%	0.4%
Current ratio	2.31	1.53	1.48	1.44	1.56	1.65	1.71	1.45	1.41	1.55	1.61	1.45
Debt to equity	0.58	0.30	0.37	0.40	0.41	0.42	0.45	0.49	0.47	0.46	0.46	0.31

Source: XBRL data Alcoa Corporation files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AA peers

Company	Revenue	Growth	Net income	Net margin	Market cap
AA	$14.31B	+11.2%	$1.53B	10.7%	$10.44B
CENXCentury Aluminum Company	$3.00B	+18.7%	$891.20M	29.7%	$3.31B

AA FAQ

8 questions

What is AA revenue?
Alcoa Corporation (AA) reported $14.31B of revenue for the twelve months ended Sep 30, 2026. That is up 11.2% from the year before. Revenue for fiscal 2025 was $12.83B.
Is AA profitable?
Yes. Alcoa Corporation earned $1.53B in net income for the twelve months ended Sep 30, 2026, a net margin of 10.7%.
How much cash and debt does AA have?
Alcoa Corporation reported $4.41B in cash and cash equivalents and $4.82B of debt on its most recent balance sheet in SEC filings.
How fast is AA revenue growing?
Alcoa Corporation's revenue changed +7.9% in fiscal 2025, to $12.83B. Its compound annual growth rate was +6.7% over 5 years and +1.4% over 10 years.
What is AA free cash flow?
Alcoa Corporation generated $890.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.61B less capital expenditures.
What is AA earnings per share?
Diluted earnings per share were $5.74 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did AA last report financial results?
The latest statements here come from Alcoa Corporation's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this AA financial data come from?
Quantisnow builds these statements from the structured XBRL data Alcoa Corporation files with the SEC. It is provided for information only and is not investment advice.