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NYSE · Materials

Alcoa Corp (AA)

As-reported financials and recent SEC filings for Alcoa Corp, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Alcoa Corp

Alcoa Corporation operates in the upstream aluminum industry, engaging in bauxite mining, alumina refining, and aluminum smelting and casting. The company serves global customers by producing smelter grade and non-metallurgical alumina, as well as aluminum metal in various shapes and alloy combinations. Alcoa owns and operates multiple facilities across eight countries and sells its products primarily to aluminum smelters and industrial chemical producers.

Snapshot

Revenue
$12.83B
Revenue growth (YoY)
7.9%
Net income
$1.16B
Diluted EPS
$4.37
Gross margin
Operating margin
Net margin
9.0%
FCF margin
4.4%
ROE
18.9%
P/E (TTM)
9.2×
Market cap
$11.67B
Debt / equity
0.4×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Alcoa

  • Revenue grew 7.9% to $12.8B in FY2025, slower than the 12.7% the year before.
  • Most recent quarter Q1 FY2026: revenue $3.2B, down 5.2% from Q1 FY2025.
  • Free cash flow was $567M in FY2025, 4.4% of revenue.
  • Net income rose more than tenfold to $1.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Alcoa’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin9.0%
79th percentile of 221
FCF margin4.4%
51st percentile of 205
Revenue growth (YoY)+7.9%
68th percentile of 236
ROE18.9%
87th percentile of 217
P/E (TTM)9.2×
8th percentile of 133
Debt / equity0.40×
34th percentile of 168
Short interest1.29d
13th percentile of 236

Alcoa’s P/E of 9.2 ranks in the 8th percentile of the 133 peers with a meaningful P/E. Alcoa’s return on equity of 18.9% ranks in the 87th percentile of the 217 Materials companies reporting it.

No open-market insider buys in the last 90 days; 1 insider sale totaling $215,372. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
9
4 new, 5 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$854.7M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$343.0M5.2MAdded
D. E. ShawquantQ1 2026$239.5M3.6MAdded
Duquesne Family OfficeQ1 2026$99.1M1.5MAdded
Citadel AdvisorsquantQ1 2026$55.0M829.4KReduced
Gotham Asset ManagementQ1 2026$42.5M641.2KAdded
Renaissance TechnologiesquantQ1 2026$39.7M598.7KNew
Millennium ManagementquantQ1 2026$18.8M284.6KReduced
Two Sigma InvestmentsquantQ1 2026$12.5M188.3KAdded
Bridgewater AssociatesQ1 2026$3.8M57.4KNew
Soros Fund ManagementQ1 2026$429,9516.5KNew
Polen Capital ManagementQ1 2026$329,9925.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
1
$215K
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-22
filed 2026-07-23
Reed Matthew TEVP, Chief Operations OfficerSell4.6K$46.82$215K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.0M
settled 2026-07-15
Change vs prior
+6.6%
vs previous settlement
Days to cover
1.29
at avg daily volume
Avg daily volume
7.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-159.0M+6.6%1.29
2026-06-308.4M+4.1%1.36
2026-06-158.1M+24.1%1.47
2026-05-296.5M+10.0%1.52
2026-05-155.9M-3.8%1.39
2026-04-306.2M+3.1%1.34
2026-04-156.0M-13.8%1.15
2026-03-316.9M-19.5%1.05

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$12.83B$11.89B$10.55B$12.45B$12.15B
Gross profit
Operating income
Net income$1.16B$60.0M$-651.0M$-123.0M$429.0M
Diluted EPS$4.37$0.26$-3.65$-0.68$2.26

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.19B$622.0M$91.0M$822.0M$920.0M
Capital expenditure$618.0M$580.0M$531.0M$480.0M$390.0M
Free cash flow$567.0M$42.0M$-440.0M$342.0M$530.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$3.19B-5.2%$425.0M$1.60
Q4 FY2025$3.45B-1.1%$213.0M$0.81
Q3 FY2025$3.00B3.1%$232.0M$0.88
Q2 FY2025$3.02B3.9%$164.0M$0.62
Q1 FY2025$3.37B29.6%$548.0M$2.07
Q4 FY2024$3.49B34.3%$202.0M$0.76
Q3 FY2024$2.90B11.6%$90.0M$0.38
Q2 FY2024$2.91B8.3%$20.0M$0.11

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryPrimary Production of Aluminum
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2016
SEC CIK1675149

Recent SEC filings

10-K2026-02-26
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-07-16
View on EDGAR →
8-K2026-07-02
View on EDGAR →
8-K2026-07-01
View on EDGAR →
8-K2026-05-11
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.