Alcoa/$AA
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Capital at risk
About Alcoa
Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is one of the world's largest bauxite miners and alumina refiners by production volume, but sits outside the top-10 aluminum producers, a list dominated by Chinese companies. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024.
- Ticker
- $AA
- Sector
- Materials
- Primary listing
- NYSE
- Employees
- 14,900
- Headquarters
- Pittsburgh, United States
- Website
- www.alcoa.com
Alcoa Metrics
BasicAdvanced
$12B
9.64
$4.82
1.62
$0.40
0.86%
Price and volume
Market cap
$12B
Beta
1.62
52-week high
$84.38
52-week low
$30.81
Average daily volume
4.5M
Dividend rate
$0.40
Financial strength
Current ratio
1.535
Quick ratio
0.8
Long term debt to equity
0.299
Total debt to equity
0.299
Dividend payout ratio (TTM)
8.22%
Interest coverage (TTM)
13.68%
Profitability
EBITDA (TTM)
2,298
Gross margin (TTM)
19.66%
Net profit margin (TTM)
9.39%
Operating margin (TTM)
12.06%
Effective tax rate (TTM)
-2.47%
Revenue per employee (TTM)
$910,000
Management effectiveness
Return on assets (TTM)
6.49%
Return on equity (TTM)
18.23%
Valuation
Price to earnings (TTM)
9.644
Price to revenue (TTM)
0.894
Price to book
1.67
Price to tangible book (TTM)
1.67
Price to free cash flow (TTM)
34.556
Free cash flow yield (TTM)
2.89%
Free cash flow per share (TTM)
1.346
Dividend yield (TTM)
0.86%
Forward dividend yield
0.86%
Growth
Revenue change (TTM)
6.46%
Earnings per share change (TTM)
24.52%
3-year revenue growth (CAGR)
7.77%
10-year revenue growth (CAGR)
3.57%
3-year earnings per share growth (CAGR)
-16.41%
10-year earnings per share growth (CAGR)
-3.20%
3-year dividend per share growth (CAGR)
-20.63%
What the Analysts think about Alcoa
Analyst ratings (Buy, Hold, Sell) for Alcoa stock.
Analyst projections of the future price of Alcoa stock.
Bulls say / Bears say
Alcoa reported record Q2 revenue of $3.966 billion, adjusted EBITDA of $901 million, $608 million of operating cash flow, and $422 million of free cash flow. The results demonstrate strong earnings leverage when aluminum prices and shipment volumes are favorable. (Alcoa)
The planned South32 transaction would expand Alcoa’s bauxite, alumina, and aluminum footprint across Australia, Brazil, and South Africa, strengthening its vertically integrated upstream platform. If integration proceeds smoothly, the deal could add scale and improve portfolio competitiveness in strategically important regions. (Alcoa)
Alcoa ended Q2 with $1.4 billion of cash and redeemed the remaining $219 million of 6.125% notes due 2028, while continuing to generate substantial free cash flow. The reduced near-term debt burden improves financial flexibility for restarts, investment, and shareholder returns. (Alcoa)
Alcoa’s Q2 alumina production fell 6% sequentially to 2.2 million metric tons, primarily because of instability and gas-supply disruptions at its Pinjarra refinery following Cyclone Narelle. This highlights near-term operational and weather-related vulnerability in a strategically important asset. (Alcoa)
The proposed South32 acquisition requires $3.1 billion of cash plus approximately 17 million Alcoa shares, representing about 6% ownership post-issuance, with additional contingent consideration of up to $750 million. The transaction therefore creates dilution, integration risk, and a sizable capital commitment before projected benefits are proven. (SEC filing)
Q2 adjusted EBITDA benefited substantially from higher aluminum prices, while higher production costs at Pinjarra, tariffs, and energy costs were headwinds. A reversal in aluminum prices or further cost inflation could therefore compress earnings quickly given Alcoa’s commodity exposure. (Alcoa)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Alcoa Financial Performance
Revenues and expenses
Alcoa Earnings Performance
Company profitability
Upcoming events
No upcoming events
Alcoa News
AllArticlesVideos
Alcoa Sees Aluminum Deficit, Strong Demand and Tariff Upside at Jefferies Conference
MarketBeat4 days ago
Alcoa Corporation Announces Pricing of Debt Offering to Finance Cash Consideration for Acquisition of South32's Bauxite, Alumina and Aluminum Assets
Business Wire6 days ago
Alcoa Corporation Announces Proposed Debt Offering to Finance Cash Consideration for Acquisition of South32's Bauxite, Alumina and Aluminum Assets
Business Wire7 days ago
Funds containing Alcoa
AllEURGBPUSD
Fund name | Fund size | $AA weighting |
|---|---|---|
iShares Essential Metals Producers€CEBT | €820M | 2.00% |
iShares Essential Metals Producers£METG | £704M | 2.00% |
WisdomTree Energy Transition Metals and Rare Earths Miners£WREE | £1B | 1.39% |
SPDR S&P 400 US Mid Cap$SPY4 | $6.3B | 0.36% |
SPDR S&P 400 US Mid Cap£SPX4 | £4.7B | 0.36% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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