Alcoa financials
$41.97−0.66%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.83B | $11.89B | $10.55B | $12.45B | $12.15B | $9.29B | $10.43B | $13.40B | $11.65B | $9.32B |
| Gross profit | $2.17B | $1.85B | $738.0M | $2.24B | $3.00B | $1.32B | $1.90B | $3.35B | $2.70B | $1.44B |
| Gross margin | 16.9% | 15.6% | 7.0% | 18.0% | 24.7% | 14.2% | 18.2% | 25.0% | 23.2% | 15.5% |
| Operating income | $165.0M | $536.0M | -$343.0M | $690.0M | $949.0M | $327.0M | -$155.0M | $1.81B | $1.33B | $16.0M |
| Net income | $1.16B | $60.0M | -$651.0M | -$123.0M | $429.0M | -$170.0M | -$1.13B | $250.0M | $279.0M | -$400.0M |
| Net margin | 9.0% | 0.5% | −6.2% | −1.0% | 3.5% | −1.8% | −10.8% | 1.9% | 2.4% | −4.3% |
| Diluted EPS | $4.37 | $0.26 | $-3.65 | $-0.68 | $2.26 | $-0.91 | $-6.07 | $1.33 | $1.49 | $-2.19 |
| EBITDA | $1.85B | $1.52B | $473.0M | $2.00B | $2.74B | $1.08B | $1.59B | $3.07B | $2.39B | $1.05B |
| Operating cash flow | $1.19B | $622.0M | $91.0M | $822.0M | $920.0M | $394.0M | $686.0M | $448.0M | $1.22B | -$311.0M |
| Free cash flow | $567.0M | $42.0M | -$440.0M | $342.0M | $530.0M | $41.0M | $307.0M | $49.0M | $819.0M | -$715.0M |
| Diluted shares | 261.0M | 214.0M | 178.0M | 181.0M | 186.0M | 186.0M | 185.0M | 189.0M | 187.0M | 183.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.60B | $1.14B | $944.0M | $1.36B | $1.81B | $1.61B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.44B | $2.54B | $1.81B | $1.81B | $1.73B | $2.46B |
| Total assets | $16.13B | $14.06B | $14.15B | $14.76B | $15.03B | $14.86B |
| Total liabilities | $9.94B | $8.91B | $8.31B | $8.17B | $8.74B | $9.84B |
| Shareholders' equity | $6.12B | $5.16B | $5.84B | $6.59B | $6.28B | $5.02B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology