Tearsheet

Alcoa (AA)

Market Price (9/14/2025): $33.24 | Market Cap: $8.6 Bil
Sector: Materials | Industry: Aluminum

Alcoa (AA)

Market Price (9/14/2025): $33.24
Market Cap: $8.6 Bil
Sector: Materials
Industry: Aluminum

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.4%, FCF Yield is 6.8%	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -93%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.4%, FCF Yield is 6.8%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%
2	Weak multi-year price returns 2Y Excs Rtn is -26%, 3Y Excs Rtn is -93%
3	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.3%

Market Valuation

	9/14/25	2024	2023	2022	2021
Share Price CYE	$33.24	$37.40	$33.27	$43.97	$57.19
Market Cap CYE ($ Bil)	8.6	9.6	5.9	7.8	10.5
Total Debt ($ Bil)	2.6	2.8	2.0	1.9	1.9
Total Cash ($ Bil)	1.5	1.1	0.9	1.4	1.8
Enterprise Value ($ Bil)	9.7	12.4	7.9	9.7	12.4
Valuation Ratios
P/S TTM	0.7	0.7	0.6	0.7	0.9
P/EBIT TTM	5.6	18.0	-12.7	10.2	8.0
P/E TTM	8.6	133.5	-9.3	-66.9	25.8
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4	1.2	1.6
P/EBIT TTM (Sector)	7.2	6.3	6.6	4.7	5.7
P/E TTM (Sector)	4.4	5.5	7.0	4.6	7.3

	9/14/25	2024	2023
Share Price CYE	$33.24	$37.40	$33.27
Market Cap CYE ($ Bil)	8.6	9.6	5.9
Total Debt ($ Bil)	2.6	2.8	2.0
Total Cash ($ Bil)	1.5	1.1	0.9
Enterprise Value ($ Bil)	9.7	12.4	7.9
Valuation Ratios
P/S TTM	0.7	0.7	0.6
P/EBIT TTM	5.6	18.0	-12.7
P/E TTM	8.6	133.5	-9.3
Sector Ratios
P/S TTM (Sector)	1.6	1.3	1.4
P/EBIT TTM (Sector)	7.2	6.3	6.6
P/E TTM (Sector)	4.4	5.5	7.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through three segments: Bauxite, Alumina, and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AA Return	7%	159%	-23%	-24%	12%	-11%	61%
Peers Return	8%	55%	-0%	27%	31%	22%	239%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ATI, MLI, KALU, AA, CENX. See AA Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

Alcoa Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Alcoa Earnings Notes
2	Alcoa vs United Airlines: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	How Does AA Stack Up Against Its Peers?	Peer Comparison
4	AA Dip Buy Analysis
5	Alcoa Total Shareholder Return (TSR): 13.7% in 2024 and -11.9% 3-yr compounded annual returns (below peer average)
6	Alcoa (AA) Operating Cash Flow Comparison	Financials
7	Alcoa (AA) Net Income Comparison	Financials
8	Alcoa (AA) Operating Income Comparison	Financials
9	Alcoa (AA) Revenue Comparison	Financials
10	Alcoa vs. ATI: With Return Forecast Of 24%, ATI Is A Better Bet	Peer Comparison
11	ARTICLES
12	How Alcoa Stock Can Fall 50%?		August 28th, 2025
13	How Will Alcoa Stock React To Its Upcoming Earnings?		July 10th, 2025
14	Now Is Not The Time To Buy Alcoa Stock		May 20th, 2025
15	How Will Alcoa Stock React To Its Upcoming Earnings?		April 12th, 2025
16	Buy Alcoa Stock at $26?		April 9th, 2025

	Title
0	DASHBOARDS
1	How Alcoa Stock Can Fall 50%?
2	How Will Alcoa Stock React To Its Upcoming Earnings?
3	Now Is Not The Time To Buy Alcoa Stock
4	How Will Alcoa Stock React To Its Upcoming Earnings?
5	Buy Alcoa Stock at $26?
6	ARTICLES
7	Alcoa Earnings Notes
8	Alcoa vs United Airlines: Which Is A Better Investment?
9	How Does AA Stack Up Against Its Peers?
10	AA Dip Buy Analysis
11	Alcoa Total Shareholder Return (TSR): 13.7% in 2024 and -11.9% 3-yr compounded annual returns (below peer average)
12	Alcoa (AA) Operating Cash Flow Comparison
13	Alcoa (AA) Net Income Comparison
14	Alcoa (AA) Operating Income Comparison
15	Alcoa (AA) Revenue Comparison
16	Alcoa vs. ATI: With Return Forecast Of 24%, ATI Is A Better Bet

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Alcoa

Financials

	AA	ATI	MLI	KALU	CENX	Median
Name	Alcoa	ATI	Mueller .	Kaiser A.	Century .
Mkt Price	33.24	77.00	98.98	76.43	26.25	76.43
Mkt Cap	8.6	10.9	10.8	1.2	2.4	8.6
Rev LTM	12,777	4,464	4,060	3,114	2,432	4,060
Op Inc LTM	1,556	591	830	122	180	591
FCF LTM	582	187	590	-38	-22	187
FCF 3Y Avg	-35	82	654	-40	-46	-35
CFO LTM	1,121	414	676	150	59	414
CFO 3Y Avg	509	281	714	127	40	281

Growth & Margins

	AA	ATI	MLI	KALU	CENX	Median
Name	Alcoa	ATI	Mueller .	Kaiser A.	Century .
Rev Chg LTM	19.4%	6.8%	19.4%	4.6%	15.4%	15.4%
Rev Chg 3Y Avg	-0.3%	15.9%	0.5%	-3.3%	-4.1%	-0.3%
Rev Chg Q	3.9%	9.7%	14.1%	6.4%	12.0%	9.7%
QoQ Delta Rev Chg LTM	0.9%	2.3%	3.6%	1.6%	2.8%	2.3%
Op Mgn LTM	12.2%	13.2%	20.4%	3.9%	7.4%	12.2%
Op Mgn 3Y Avg	2.9%	11.8%	21.1%	3.2%	1.9%	3.2%
QoQ Delta Op Mgn LTM	-0.2%	0.5%	0.7%	-0.2%	0.4%	0.4%
CFO/Rev LTM	8.8%	9.3%	16.6%	4.8%	2.4%	8.8%
CFO/Rev 3Y Avg	4.2%	6.6%	19.3%	4.2%	1.8%	4.2%
FCF/Rev LTM	4.6%	4.2%	14.5%	-1.2%	-0.9%	4.2%
FCF/Rev 3Y Avg	-0.6%	1.9%	17.7%	-1.2%	-2.0%	-0.6%

Valuation

	AA	ATI	MLI	KALU	CENX	Median
Name	Alcoa	ATI	Mueller .	Kaiser A.	Century .
Mkt Cap	8.6	10.9	10.8	1.2	2.4	8.6
P/S	0.7	2.4	2.7	0.4	1.0	1.0
P/EBIT	5.6	17.0	11.6	9.4	16.5	11.6
P/E	8.6	27.4	15.2	19.3	20.8	19.3
P/CFO	7.7	26.4	15.9	8.2	41.6	15.9
Total Yield	12.9%	3.7%	7.3%	6.2%	4.8%	6.2%
Dividend Yield	1.2%	0.0%	0.7%	1.0%	0.0%	0.7%
FCF Yield 3Y Avg	-1.0%	0.8%	10.7%	-4.1%	-5.2%	-1.0%
D/E	0.3	0.2	0.0	0.9	0.2	0.2
Net D/E	0.1	0.1	-0.1	0.9	0.2	0.1

Returns

	AA	ATI	MLI	KALU	CENX	Median
Name	Alcoa	ATI	Mueller .	Kaiser A.	Century .
1M Rtn	6.3%	5.1%	8.3%	1.6%	12.2%	6.3%
3M Rtn	17.6%	-10.4%	33.6%	1.2%	36.9%	17.6%
6M Rtn	-0.2%	47.9%	25.2%	11.1%	30.8%	25.2%
12M Rtn	3.5%	23.3%	42.5%	16.0%	91.3%	23.3%
3Y Rtn	-20.1%	148.9%	239.1%	16.9%	252.6%	148.9%
1M Excs Rtn	2.9%	-0.7%	4.0%	-2.2%	7.7%	2.9%
3M Excs Rtn	6.7%	-18.4%	20.9%	-9.7%	28.2%	6.7%
6M Excs Rtn	-15.7%	33.0%	8.4%	-6.2%	15.2%	8.4%
12M Excs Rtn	-0.3%	8.1%	29.3%	-0.2%	97.4%	8.1%
3Y Excs Rtn	-93.1%	87.0%	165.7%	-45.8%	187.1%	87.0%

Comparison Analyses

	Title
0	How Does AA Stack Up Against Its Peers?
1	Alcoa vs. ATI: With Return Forecast Of 24%, ATI Is A Better Bet
2	Alcoa vs. Arconic: With Return Forecast Of 55%-55%, Both Seem Like Good Bets
3	Alcoa vs. Edwards Lifesciences: With Return Forecast Of 18%, Edwards Lifesciences Is A Better Bet
4	With 4.7% Gains On The Table, NEE May Outshine AA
5	Alcoa vs. Intuitive Surgical: With Return Forecast Of 40%, Intuitive Surgical Is A Better Bet
6	Alcoa vs. NextEra Energy: With Return Forecast Of 17%, NextEra Energy Is A Better Bet
7	Alcoa vs. Intuitive Surgical: With Return Forecast Of 44%, Intuitive Surgical Is A Better Bet
8	Alcoa vs. Booking Holdings: With Return Forecast Of 40%, Booking Holdings Is A Better Bet
9	Alcoa vs. Westinghouse Air Brake Technologies: With Return Forecast Of 15%, Westinghouse Air Brake Technologies Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/20/2025	2/21/2024	2/23/2023	2/24/2022	2/25/2021	2/21/2020
Key Financials
Total Revenue	12,777	11,895	10,551	12,451	12,152	9,286	10,433
Ebitda	2,168	1,087	155	1,425	2,058	972	396
Operating Income	1,556	828	-227	1,331	2,039	428	732
Net Income	1,004	60	-651	-123	429	-170	-1,125
EPS	3.87	0.26	-3.65	-0.68	2.30	-0.91	-6.07
Growth Rates
Total Revenue Growth	19.4%	12.7%	-15.3%	2.5%	30.9%	-11.0%	-22.2%
EBITDA Growth	830.5%	601.3%	-89.1%	-30.8%	111.7%	145.5%	-84.0%
Operating Income Growth	1188.1%	464.8%	-117.1%	-34.7%	376.4%	-41.5%	-67.1%
Net Income Growth	282.5%	109.2%	-429.3%	-128.7%	352.4%	84.9%	-550.0%
Margins
EBITDA Margin	17.0%	9.1%	1.5%	11.4%	16.9%	10.5%	3.8%
Operating Income Margin	12.2%	7.0%	-2.2%	10.7%	16.8%	4.6%	7.0%
Net Income Margin	7.9%	0.5%	-6.2%	-1.0%	3.5%	-1.8%	-10.8%
Cash & Debt
Total Cash	1,514	1,138	944	1,363	1,814	1,607	879
Total Debt	2,649	2,818	1,971	1,866	1,866	2,624	1,900
Net Debt / (Cash)	1,135	1,680	1,027	503	52	1,017	1,021
Cash Flows
Net Cash from Operations	1,121	622	91	822	920	394	686
Free Cash from Operations	582	42	-440	342	530	41	307
Returns to Shareholders
Dividends	105	90	72	72	19	-0	-0
Share Repurchases	-0	-0	-0	500	150	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/31/2025	5/1/2025	2/20/2025	10/31/2024	8/2/2024	5/2/2024	2/21/2024	10/26/2023	7/27/2023	5/4/2023	2/23/2023	10/27/2022
Key Financials Quarterly
Total Revenue	3,018	3,369	3,486	2,904	2,906	2,599	2,595	2,602	2,684	2,670	2,663	2,851
Ebitda	370	869	542	387	295	-137	114	-39	81	-1	-67	-555
Operating Income	119	700	467	270	128	-37	-139	-95	-42	49	-208	-17
Net Income	164	548	202	90	20	-252	-150	-168	-102	-231	-395	-746
EPS	0.63	2.08	0.77	0.39	0.11	-1.41	-0.84	-0.94	-0.57	-1.30	-2.12	-4.17
Key Financials TTM
Total Revenue TTM	12,777	12,665	11,895	11,004	10,702	10,480	10,551	10,619	10,868	11,828	12,451	13,128
Ebitda TTM	2,168	2,093	1,087	659	233	19	155	-26	-542	476	1,425	1,614
Operating Income TTM	1,556	1,565	828	222	-143	-313	-227	-296	-218	481	1,331	2,215
Net Income TTM	1,004	860	60	-292	-550	-672	-651	-896	-1,474	-823	-123	-120
Growth Rates Quarterly
Total Revenue Growth	3.9%	29.6%	34.3%	11.6%	8.3%	-2.7%	-2.6%	-8.7%	-26.3%	-18.9%	-20.3%	-8.3%
EBITDA Growth	25.4%	734.3%	375.4%	1092.3%	264.2%	-13600.0%	270.1%	93.0%	-92.6%	-100.1%	-154.9%	-178.1%
Operating Income Growth	-7.0%	1991.9%	436.0%	384.2%	404.8%	-175.5%	33.2%	-458.8%	-106.4%	-94.5%	-130.8%	-103.0%
Net Income Growth	720.0%	317.5%	234.7%	153.6%	119.6%	-9.1%	62.0%	77.5%	-118.6%	-149.3%	-0.8%	-321.4%
Margins Quarterly
EBITDA Margin	12.3%	25.8%	15.5%	13.3%	10.2%	-5.3%	4.4%	-1.5%	3.0%	-0.0%	-2.5%	-19.5%
Operating Income Margin	3.9%	20.8%	13.4%	9.3%	4.4%	-1.4%	-5.4%	-3.7%	-1.6%	1.8%	-7.8%	-0.6%
Net Income Margin	5.4%	16.3%	5.8%	3.1%	0.7%	-9.7%	-5.8%	-6.5%	-3.8%	-8.7%	-14.8%	-26.2%
Cash & Debt
Total Cash	1,514	1,202	1,138	1,313	1,396	1,358	944	926	990	1,138	1,363	1,432
Total Debt	2,649	2,648	2,818	2,933	2,548	2,548	1,971	1,810	1,809	1,807	1,866	1,726
Net Debt / (Cash)	1,135	1,446	1,680	1,620	1,152	1,190	1,027	884	819	669	503	294
Cash Flows Quarterly
FCF from Operations	488	75	415	143	287	-223	198	69	-13	-163	118	134
Cash Flows TTM
FCF from Operations TTM	1,121	920	622	405	331	31	91	11	76	625	822	1,269
Returns to Shareholders Quarterly
Dividends	27	26	26	26	18	19	18	18	18	18	17	18
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	150
Return on Invested Capital (ROIC) Quarterly
ROIC	5.6%	28.5%	13.7%	6.9%	2.6%	-2.1%	-8.5%	-4.9%	-2.5%	3.2%	-13.5%	-1.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	14.5%	13.3%	0.8%	2.7%	-2.2%	-4.6%	-3.5%	-4.5%	-3.3%	7.8%	1.2%	3.9%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Aluminum	6,940	8,762	8,784	6,377	6,820
Alumina	5,261	5,432	4,927	3,895	4,811
Other	13	-8	11	22	83
Elimination of intersegment sales	-1,663	-1,735	-1,570	-2,221	-2,557
Bauxite				1,213	1,276
Total	10,551	12,451	12,152	9,286	10,433

Assets by Segment

$ Mil	2024	2021	2020
Alumina	6,153	4,333	4,303
Aluminum	5,854	6,214	6,588
Cash and cash equivalents	944	1,607	879
Corporate fixed assets, net	392	453	519
Other	371	182	291
Deferred income taxes	333	655	642
Corporate goodwill	142	141	145
Pension assets	125
Elimination of intersegment receivables	-159	-193	-170
Bauxite		1,468	1,434
Total	14,155	14,860	14,631

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$33.24
Market Cap ($ Bil)	8.6
First Trading Date	10/07/2014
Distance from 52W High	-29.2%
	50 Days	200 Days
DMA Price	$30.69	$32.05
DMA Trend	down	up
Distance from DMA	8.3%	3.7%
	3M	1YR
Volatility	44.9%	50.7%
Downside Capture	0.68	1.17
Upside Capture	189.12	130.30
Correlation (SPY)	52.6%	58.8%

AA Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.60	2.58	2.24	1.64	1.57	1.71
Up Beta	4.40	3.94	3.51	1.65	1.65	1.61
Down Beta	1.75	2.41	2.04	1.68	1.62	1.75
Up Capture	249%	194%	202%	168%	166%	511%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	23	35	63	125	363
Down Capture	180%	182%	149%	145%	127%	108%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	8	19	28	63	124	385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	11,455,284
Short Interest: % Change Since 8152025	-0.3%
Average Daily Volume	4,553,298
Days-to-Cover Short Interest	2.52
Basic Shares Quantity	259,000,000
Short % of Basic Shares	4.4%

Returns Analyses

	Title
0	Alcoa (AA) Stock Has 54% Chance Of Rise In The Next One Month
1	Alcoa Stock Return Comparison
2	Alcoa (AA) Stock Movement Probability: AI Predicts AA Stock Price To Move Up 0.5% In A Week
3	Alcoa (AA) Stock Return: AI Predicts AA Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/16/2025	2.9%	12.4%	10.1%
4/16/2025	-7.0%	5.5%	17.3%
1/22/2025	-3.7%	-9.4%	-11.3%
10/16/2024	-4.1%	-0.5%	-1.8%
7/10/2024	1.9%	-4.3%	-20.4%
4/17/2024	-0.2%	1.5%	12.9%
1/17/2024	-1.6%	9.5%	0.8%
10/18/2023	-8.6%	-10.1%	-1.5%
...
SUMMARY STATS
# Positive	8	15	15
# Negative	16	9	9
Median Positive	3.2%	6.0%	17.3%
Median Negative	-5.0%	-10.1%	-11.3%
Max Positive	15.2%	14.8%	31.0%
Max Negative	-16.9%	-19.5%	-28.5%

	Forward Returns
7/16/2025	2.9%	12.4%	10.1%
4/16/2025	-7.0%	5.5%	17.3%
1/22/2025	-3.7%	-9.4%	-11.3%
10/16/2024	-4.1%	-0.5%	-1.8%
7/10/2024	1.9%	-4.3%	-20.4%
4/17/2024	-0.2%	1.5%	12.9%
1/17/2024	-1.6%	9.5%	0.8%
10/18/2023	-8.6%	-10.1%	-1.5%
7/19/2023	-6.2%	0.0%	-16.2%
4/19/2023	-2.4%	-14.0%	-10.4%
1/18/2023	-7.4%	-2.4%	-8.8%
10/19/2022	3.4%	13.4%	26.2%
7/20/2022	0.2%	6.0%	19.7%
4/20/2022	-16.9%	-19.5%	-28.5%
1/19/2022	2.7%	1.9%	28.2%
10/14/2021	15.2%	2.9%	7.1%
7/15/2021	-4.6%	7.8%	31.0%
4/15/2021	8.5%	1.1%	20.9%
1/20/2021	-12.4%	-18.3%	1.3%
10/14/2020	-5.4%	2.5%	20.2%
7/8/2020	-1.2%	12.3%	30.7%
4/22/2020	-3.4%	14.8%	9.7%
1/15/2020	-11.9%	-19.3%	-22.3%
10/16/2019	6.0%	11.1%	9.6%
SUMMARY STATS
# Positive	8	15	15
# Negative	16	9	9
Median Positive	3.2%	6.0%	17.3%
Median Negative	-5.0%	-10.1%	-11.3%
Max Positive	15.2%	14.8%	31.0%
Max Negative	-16.9%	-19.5%	-28.5%

SEC Filings

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Report Date	Filing
6302025	10-Q 6/30/2025
3312025	10-Q 3/31/2025
12312024	10-K 12/31/2024
9302024	10-Q 9/30/2024
6302024	10-Q 6/30/2024
3312024	10-Q 3/31/2024
12312023	10-K 12/31/2023
9302023	10-Q 9/30/2023
6302023	10-Q 6/30/2023
3312023	10-Q 3/31/2023
12312022	10-K 12/31/2022
9302022	10-Q 9/30/2022
6302022	10-Q 6/30/2022
3312022	10-Q 3/31/2022
12312021	10-K 12/31/2021
9302021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Bacchi Renato	EVP & Chief Commercial Officer	10242024	Sell	42.29	23,867	1,009,431	2,424,165	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AA Return	7%	159%	-23%	-24%	12%	-11%	61%
Peers Return	8%	55%	-0%	27%	31%	22%	239%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
AA Win Rate	67%	75%	42%	42%	50%	50%
Peers Win Rate	58%	58%	48%	48%	57%	65%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
AA Max Drawdown	-75%	-22%	-43%	-48%	-25%	-40%
Peers Max Drawdown	-61%	-13%	-32%	-21%	-16%	-26%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Alcoa (AA)

Market Price (9/14/2025): $33.24 | Market Cap: $8.6 BilSector: Materials | Industry: Aluminum

Alcoa (AA)

Market Price (9/14/2025): $33.24Market Cap: $8.6 BilSector: MaterialsIndustry: Aluminum

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Market Price (9/14/2025): $33.24 | Market Cap: $8.6 Bil
Sector: Materials | Industry: Aluminum

Market Price (9/14/2025): $33.24
Market Cap: $8.6 Bil
Sector: Materials
Industry: Aluminum