Alcoa Corporation (AA) Financial Statements

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Alcoa financial statements at a glance

Alcoa reported revenue of $12.83 billion for fiscal year 2025 (ended December 31, 2025), up 7.9% from fiscal year 2024. Net income was $1.16 billion, a net margin of 9.0%, and diluted earnings per share were $4.37.

At the end of fiscal year 2025 it had total assets of $16.13 billion, total liabilities of $9.94 billion and shareholders' equity of $6.12 billion, with cash and short-term investments of $1.60 billion and total debt of $2.70 billion.

Its operations brought in $1.19 billion of cash; capital spending was $618.00 million, leaving free cash flow of $567.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Alcoa Corporation

AAUnited States
Non-Energy Raw Materials
USD (Local)

Income Statement

Annual • USD

Total Revenue
12.83B
Prev Year: 11.89B
YoY: +7.9%
Operating Revenue
12.83B
Prev Year: 11.89B
YoY: +7.9%
Tax Rate for Calcs
0.21
Prev Year: 0
Tax Effect of Unusual Items
98.49M
Prev Year: -83.37M
YoY: +218.1%
Diluted NI Available to Com Stockholders
1.16B
Prev Year: 60.00M
YoY: +1828.3%
Other Income Expense
464.00M
Prev Year: -383.00M
YoY: +221.1%
Gain on Sale of Property, Plant and Equipment
-5.00M
Prev Year: -37.00M
YoY: +86.5%
Restructuring and Mergers Acquisition
109.00M
Prev Year: 287.00M
YoY: -62.0%
Equity in Earnings of Affiliates
-58.00M
Prev Year: -24.00M
YoY: -141.7%
Gain on Sale of Securities
1.07B
Prev Year: -68.00M
YoY: +1669.1%
Cost of Revenue
10.66B
Prev Year: 10.04B
YoY: +6.1%
Gross Profit
2.17B
Prev Year: 1.85B
YoY: +17.4%
Operating Expense
1.42B
Prev Year: 1.02B
YoY: +38.3%
Selling General and Administrative
299.00M
Prev Year: 275.00M
YoY: +8.7%
Research and Development
24.00M
Prev Year: 57.00M
YoY: -57.9%
Other Operating Expenses
1.09B
Prev Year: 49.00M
YoY: +2128.6%
Depreciation Amortization Depletion
-
Prev Year: 642.00M
Operating Income
758.00M
Prev Year: 828.00M
YoY: -8.5%
Net Non Operating Interest Income Expense
-158.00M
Prev Year: -156.00M
YoY: -1.3%
Non-operating Interest Expense
158.00M
Prev Year: 156.00M
YoY: +1.3%
Special Income Charges
-598.00M
Prev Year: -329.00M
YoY: -81.8%
Impairment of Capital Assets
144.00M
Write-offs
340.00M
Prev Year: 5.00M
YoY: +6700.0%
Other Non-operating Income (expense)
53.00M
Prev Year: 38.00M
YoY: +39.5%
Pre-tax Income
1.06B
Prev Year: 289.00M
YoY: +268.2%
Provision for Income Taxes
-55.00M
Prev Year: 265.00M
YoY: -120.8%
Net Income Common Stockholders
1.16B
Prev Year: 60.00M
YoY: +1828.3%
Net Income
1.16B
Prev Year: 60.00M
YoY: +1828.3%
Net Income Including Non-Controlling Interests
1.12B
Prev Year: 24.00M
YoY: +4562.5%
Net Income from Continuing Operations
1.12B
Prev Year: 24.00M
YoY: +4562.5%
Noncontrolling Interests
38.00M
Prev Year: 36.00M
YoY: +5.6%
Basic EPS
4.4
Diluted EPS
4.37
Weighted Average Shares (basic)
259.00M
Weighted Average Shares (diluted)
261.00M
Total Expenses
12.07B
Prev Year: 11.07B
YoY: +9.1%
Net Income from Continuing and Discontinued Operation
1.16B
Prev Year: 60.00M
YoY: +1828.3%
Normalized Income
786.49M
Prev Year: 373.63M
YoY: +110.5%
Interest Expense
158.00M
Prev Year: 156.00M
YoY: +1.3%
Net Interest Income
-158.00M
Prev Year: -156.00M
YoY: -1.3%
EBIT
1.22B
Prev Year: 445.00M
YoY: +174.6%
EBITDA
1.84B
Prev Year: 1.09B
YoY: +69.7%
Reconciled Cost of Revenue
10.66B
Prev Year: 10.04B
YoY: +6.1%
Reconciled Depreciation
623.00M
Prev Year: 642.00M
YoY: -3.0%
Net Income from Continuing Operation Net Minority Interest
1.16B
Prev Year: 60.00M
YoY: +1828.3%
Total Unusual Items Excluding Goodwill
469.00M
Prev Year: -397.00M
YoY: +218.1%
Total Unusual Items
469.00M
Prev Year: -397.00M
YoY: +218.1%
Normalized EBITDA
1.38B
Prev Year: 1.48B
YoY: -7.3%
Values in USD

Alcoa key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$12.8B$11.9B$10.6B$12.5B$12.2B
Gross profit$2.2B$1.9B$738.0M$2.2B$3.0B
Operating income$758.0M$828.0M-$227.0M$1.3B$2.0B
Net income$1.2B$60.0M-$651.0M-$123.0M$429.0M
Diluted EPS$4.37–-$3.65-$0.68$2.26
Total assets$16.1B$14.1B$14.2B$14.8B$15.0B
Total liabilities$9.9B$8.9B$8.3B$8.2B$8.7B
Shareholders' equity$6.1B$5.2B$4.3B$5.1B$4.7B
Cash and short-term investments$1.6B$1.1B$944.0M$1.4B$1.8B
Total debt$2.7B$2.8B$2.0B$1.9B$1.9B
Operating cash flow$1.2B$622.0M$91.0M$822.0M$920.0M
Capital spending$618.0M$580.0M$531.0M$480.0M$390.0M
Free cash flow$567.0M$42.0M-$440.0M$342.0M$530.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Alcoa's revenue in fiscal year 2025?

$12.83 billion, up 7.9% from $11.90 billion in fiscal year 2024.

How much profit does Alcoa make?

Alcoa reported net income of $1.16 billion for fiscal year 2025 (9.0% of revenue); operating income was $758.00 million.

How much cash and debt does Alcoa have?

At the end of fiscal year 2025: cash and short-term investments of $1.60 billion and total debt of $2.70 billion.

What is Alcoa's free cash flow?

$567.00 million in fiscal year 2025 (operating cash flow of $1.19 billion minus capital spending of $618.00 million).

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