AA
$42.06+0.14%
as of close, Oct 1, 2026
☾ AH $42.06 +0.14%
Alcoa Corporation Common StockStock · IndustrialsRussell 1000 0.02%US Stock Market 0.02%Russell 3000 0.02%
AA financial statements
The full income statement, balance sheet, and cash-flow statement for Alcoa Corporation Common Stock (AA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 181.0M2024-09 234.0M2024-12 258.4M2025-03 260.0M2025-06 260.0M2025-09 261.0M2025-12 263.8M2026-03 263.9M2026-06 263.9M+45.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 12.8B+7.9% | 11.9B+12.7% | 10.6B-15.3% | 12.5B+2.5% | 12.2B+30.9% | |
| Research & development | 24.0M-57.9% | 57.0M+46.2% | 39.0M+21.9% | 32.0M+3.2% | 31.0M+14.8% | |
| Selling, general & administrative | 299M+8.7% | 275M+21.7% | 226M+10.8% | 204M-10.1% | 227M+10.2% | |
| Amortization of intangibles | 6.00M+20.0% | 5.00M+0.0% | 5.00M-28.6% | 7.00M-36.4% | 11.0M+22.2% | |
| Provision for credit losses | — | — | — | — | 1.00M-50.0% | |
| Interest expense | 158M+1.3% | 156M+45.8% | 107M+0.9% | 106M-45.6% | 195M+33.6% | |
| Other non-operating income | 79.0M+46.3% | 54.0M-12.9% | 62.0M+24.0% | 50.0M+354.5% | 11.0M+175.0% | |
| Gain (loss) on equity securities | 197M | 0.00 | 0.00 | — | — | |
| Pre-tax income | 1.06B+268.2% | 289M+149.5% | -584M-183.2% | 702M-41.5% | 1.20B+593.1% | |
| Income tax | -55.0M-120.8% | 265M+40.2% | 189M-71.5% | 664M+5.6% | 629M+236.4% | |
| 1.16B+1828.3% | 60.0M+109.2% | -651M-429.3% | -123M-128.7% | 429M+352.4% | ||
| Net income to non-controlling interest | -38.0M-5.6% | -36.0M+70.5% | -122M-175.8% | 161M+14.2% | 141M-9.6% | |
| Preferred dividends | 1.00M+0.0% | 1.00M | — | — | — | |
| $4.37+1580.8% | $0.26+107.1% | -$3.65-436.8% | -$0.68-130.1% | $2.26+348.4% | ||
| EPS (basic) | $4.40+1592.3% | $0.26+107.1% | -$3.65-436.8% | -$0.68-129.6% | $2.30+352.7% | |
| Weighted-avg shares (basic) | 259M+22.2% | 212M+19.1% | 178M-1.7% | 181M-2.7% | 186M+0.0% | |
| Weighted-avg shares (diluted) | 261M+22.0% | 214M+20.2% | 178M-1.7% | 181M-4.7% | 190M+2.2% | |
| Dividends per share | $0.40+0.0% | $0.40+0.0% | $0.40+0.0% | $0.40+300.0% | $0.10 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.47B+11.3% | 4.91B+11.6% | 4.41B-16.1% | 5.25B+4.5% | 5.03B+11.2% | ||
| Cash & equivalents | 1.60B+40.3% | 1.14B+20.6% | 944M-30.7% | 1.36B-24.9% | 1.81B+12.9% | |
| Accounts receivable | 1.06B-2.9% | 1.10B+67.1% | 656M-15.7% | 778M+2.8% | 757M+60.7% | |
| Inventory | 2.18B+9.0% | 2.00B-7.4% | 2.16B-11.1% | 2.43B+24.1% | 1.96B+39.9% | |
| Prepaid expenses | 378M-26.5% | 514M+10.3% | 466M+11.8% | 417M+16.5% | 358M+23.4% | |
| 16.1B+14.7% | 14.1B-0.6% | 14.2B-4.1% | 14.8B-1.8% | 15.0B+1.1% | ||
| Property, plant & equipment | 6.70B+4.9% | 6.39B-5.8% | 6.79B+4.5% | 6.49B-2.0% | 6.62B-7.9% | |
| Operating lease right-of-use | 313M+20.8% | 259M+91.9% | 135M+51.7% | 89.0M-8.2% | 97.0M-29.2% | |
| Goodwill | 0.00-100.0% | 142M-2.7% | 146M+0.7% | 145M+0.7% | 144M-0.7% | |
| Intangible assets | 34.0M-5.6% | 36.0M-2.7% | 37.0M+27.6% | 29.0M-17.1% | 35.0M-22.2% | |
| Long-term investments | 1.40B | 0.00 | — | — | — | |
| Deferred tax assets | 687M+141.9% | 284M-14.7% | 333M+12.5% | 296M-41.5% | 506M-22.7% | |
| Other non-current assets | 1.36B-8.8% | 1.50B-9.3% | 1.65B+3.6% | 1.59B-4.3% | 1.66B+15.2% | |
| 3.80B+12.0% | 3.40B+12.0% | 3.03B+0.9% | 3.00B-6.8% | 3.22B+16.7% | ||
| Accounts payable | 1.94B+7.4% | 1.80B+5.3% | 1.71B-2.4% | 1.76B+5.0% | 1.67B+19.3% | |
| Short-term & current debt | 1.00M-98.7% | 75.0M-5.1% | 79.0M+7800.0% | 1.00M+0.0% | 1.00M-50.0% | |
| Current lease liability | 49.0M+28.9% | 38.0M+22.6% | 31.0M+3.3% | 30.0M-14.3% | 35.0M-41.7% | |
| Other current liabilities | 718M-8.9% | 788M+36.3% | 578M+20.2% | 481M-7.0% | 517M-1.5% | |
| 9.94B+11.5% | 8.91B+7.2% | 8.31B+1.8% | 8.17B-6.6% | 8.74B-11.2% | ||
| Long-term debt | 2.44B-1.3% | 2.47B+42.6% | 1.73B-4.1% | 1.81B+4.6% | 1.73B-29.9% | |
| Deferred revenue (non-current) | 4.00M-66.7% | 12.0M-40.0% | 20.0M-28.6% | 28.0M-22.2% | 36.0M-20.0% | |
| Non-current lease liability | 259M+16.1% | 223M+114.4% | 104M+76.3% | 59.0M-7.8% | 64.0M-22.0% | |
| Operating lease liability (total) | 308M+18.0% | 261M+93.3% | 135M+51.7% | 89.0M-10.1% | 99.0M-30.3% | |
| 6.12B+18.6% | 5.16B+21.3% | 4.25B-16.3% | 5.08B+8.6% | 4.67B+41.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | — | — | |
| Common stock | 3.00M+0.0% | 3.00M+50.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | |
| Additional paid-in capital | 11.6B-0.1% | 11.6B+26.1% | 9.19B+0.0% | 9.18B-4.1% | 9.58B-0.9% | |
| Retained earnings | -271M+79.5% | -1.32B-2.3% | -1.29B-126.8% | -570M-81.0% | -315M+56.6% | |
| Accumulated other comprehensive income | -5.19B-1.5% | -5.11B-40.2% | -3.65B-3.0% | -3.54B+22.9% | -4.59B+18.4% | |
| Non-controlling interest | — | 0.00-100.0% | 1.59B+5.4% | 1.51B-6.1% | 1.61B-5.5% | |
| Total equity incl. non-controlling | 6.12B+18.6% | 5.16B-11.8% | 5.84B-11.3% | 6.59B+4.9% | 6.28B+25.3% | |
| Total liabilities & equity | 16.1B+14.7% | 14.1B-0.6% | 14.2B-4.1% | 14.8B-1.8% | 15.0B+1.1% | |
| Common shares issued | 263M+1.8% | 258M+44.8% | 178M+0.8% | 177M-3.9% | 184M-1.0% | |
| Common shares outstanding | 263M+1.8% | 258M+44.8% | 178M+0.8% | 177M-3.9% | 184M-1.0% | |
| Shares outstanding (cover) | 264M | — | 180M+0.7% | 178M-3.8% | 185M-0.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.19B+90.5% | 622M+583.5% | 91.0M-88.9% | 822M-10.7% | 920M+133.5% | ||
| Depreciation & amortization | 623M-3.0% | 642M+1.6% | 632M+2.4% | 617M-7.1% | 664M+1.7% | |
| Intangible amortization | 6.00M+20.0% | 5.00M+0.0% | 5.00M-28.6% | 7.00M-36.4% | 11.0M+22.2% | |
| Share-based compensation | 41.0M+13.9% | 36.0M+2.9% | 35.0M-12.5% | 40.0M+2.6% | 39.0M+56.0% | |
| Deferred income taxes | -275M-1295.7% | 23.0M+204.5% | -22.0M-110.0% | 219M+49.0% | 147M+665.4% | |
| Change in inventory | 57.0M+211.8% | -51.0M+79.0% | -243M-144.4% | 547M-14.4% | 639M+623.8% | |
| -502M+17.4% | -608M-3.9% | -585M-18.2% | -495M-187.6% | 565M+438.3% | ||
| Capital expenditure | 618M+6.6% | 580M+9.2% | 531M+10.6% | 480M+23.1% | 390M+10.5% | |
| Free cash flow | 567M+1250.0% | 42.0M+109.5% | -440M-228.7% | 342M-35.5% | 530M+1192.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 59.0M+59.5% | 37.0M-47.1% | 70.0M+118.8% | 32.0M+190.9% | 11.0M-8.3% | |
| Proceeds from sale of PP&E | 5.00M+66.7% | 3.00M-25.0% | 4.00M-20.0% | 5.00M-99.5% | 966M+387.9% | |
| Other investing activities | -9.00M-50.0% | -6.00M+50.0% | -12.0M-500.0% | -2.00M | — | |
| -261M-229.9% | 201M+252.6% | 57.0M+107.4% | -768M+33.7% | -1.16B-325.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 1.21B+78.6% | 679M+843.1% | 72.0M+7100.0% | 1.00M-99.9% | 1.29B+129300.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 500M+233.3% | 150M | |
| Dividends paid | 104M+16.9% | 89.0M+23.6% | 72.0M+0.0% | 72.0M+278.9% | 19.0M | |
| Other financing activities | -3.00M+40.0% | -5.00M-600.0% | 1.00M+125.0% | -4.00M-33.3% | -3.00M+0.0% | |
| FX effect on cash | 36.0M+228.6% | -28.0M-380.0% | 10.0M+211.1% | -9.00M+30.8% | -13.0M+7.1% | |
| Net change in cash | 458M+144.9% | 187M+143.8% | -427M+5.1% | -450M-243.3% | 314M-56.8% | |
| Interest paid | 128M-3.0% | 132M+32.0% | 100M+0.0% | 100M-47.6% | 191M+41.5% | |
| Income taxes paid | 167M+6.4% | 157M-50.8% | 319M-36.7% | 504M+231.6% | 152M-16.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 14.0B+43.6% | 9.76B+60.9% | 6.07B-24.6% | 8.05B-27.2% | 11.0B+157.3% | |
| P/E | 12.1×-92.6% | 162.7× | — | — | 25.7× | |
| P/S | 1.1×+33.2% | 0.8×+43.6% | 0.6×-6.8% | 0.6×-32.6% | 0.9×+96.6% | |
| P/B | 2.3×+21.1% | 1.9×+40.6% | 1.3×-10.2% | 1.5×-36.6% | 2.4×+82.3% | |
| P/FCF | 24.7×-89.4% | 232.4× | — | 10.0×-52.2% | 20.8×-80.1% | |
| Earnings yield | 8.3%+1242.5% | 0.61% | — | — | 3.9% | |
| FCF yield | 4.0%+839.9% | 0.43% | — | 10.0%+109.1% | 4.8%+402.4% | |
| Dividend yield | 0.75%-28.9% | 1.1%-10.0% | 1.2%+33.7% | 0.88%+424.1% | 0.17% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AA filings on SEC EDGAR → Not investment advice.