Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum.
It is a $11.2B industrial company. Revenue grew 6.5% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~2.4 years of free cash flow. It trades at 8.7× earnings — near the lowest of its own history.
- Website
- alcoa.com
- Location
- Pittsburgh, PA
- Employees
- 14 900
- Sector
- Industrials
- Founded
- 1888
- Next earnings
- Oct 15, 2026 · in 3d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Growth and Moat lag behind.
Valuation82
- P/E vs own history1th pct · 25/25
- FCF yield3.2% · 12/25
- P/S0.8x · 25/25
- EV/EBITDA10.5x · 20/25
Growth43
- Revenue CAGR1.4% · 6/25
- Net income CAGR28.2% · 25/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth10.6% · 12/25
Profitability58
- ROIC18.4% · 20/25
- ROE19.2% · 20/25
- Net margin9.4% · 13/25
- Operating margin3.6% · 5/25
Health58
- Altman Z1.59 · 10/25
- Current ratio1.53 · 18/25
- Interest coverage2.2x · 10/25
- Net cash / debtD/A 5% · 20/25
Quality70
- Piotroski F7/9 · 22/25
- Beneish M-2.31 · 20/25
- FCF conversion28% · 8/25
- Margin stabilityσ 7.4% · 20/25
Moat37
- ROIC >12% years5/10 yrs · 13/25
- Median gross margin18.2% · 6/25
- FCF-positive years8/10 yrs · 18/25
- Worst-year net marginworst -10.8% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.16B net income
- FY2017FinancialTurned profitable$217M net income after a loss year
- FY2017FinancialRevenue crossed $10B$11.7B for the year
- FY2016FinancialRevenue already above $1B$9.32B in first reported year
- 2007AcquisitionAlcoa Inc. made a US$27 billion hostile takeover bid for Alcan
- 2005AcquisitionAlcoa acquired two production facilities in Russia, at Samara and Belaya Kalitva
- 2001AcquisitionAlcoa purchased an 8% stake of Aluminum Corporation of China (Chalco) in 2001
- 2000AcquisitionAlcoa acquired Reynolds Metals Co. in an all-share deal for $4.5 billion
- 1998AcquisitionAlcoa acquired Alumax in a cash and share deal for $2.8 billion
- 1988MilestoneThe Jamaican government gained a 50% share in the subsidiary and renamed the operation to Jamalco, Alcoa…
- 1925MilestoneThe Northern Aluminum Company in Quebec was renamed the Aluminum Company of Canada (ALCAN) in 1925
- 1907MilestoneThe company changed its name to the Aluminum Company of America in 1907
- 1888FoundedAlcoa was founded in 1888 by Charles Martin Hall with the financial backing of Alfred E
- 1888ProductTheir first commercial aluminum pour was on Thanksgiving Day in 1888
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High returns on invested capital (ROIC 18.4%)
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Altman Z-Score 1.59 — elevated financial-distress risk
- Loss-making in 5 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+6.5% YoY
- Profitable — makes more than it spends$1.28B TTM
- Profit growing — earnings are higher than last year+1828.3% YoY
- Generates cash — cash left after running and investing$352M TTM
- Debt under control — could handle its obligations~2.4y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$11.2B market cap
- Not printing shares — share count not ballooning — you keep your slice+54.8% shares over ~5y
- Proven track record — years of profitability behind it5/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.6 — distress
- Pays a dividend — returns cash to shareholdersyield 0.94%
- Valuation not extreme — price not wildly above earningsP/E 8.7
Peer comparisonAlcoa Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| AA this company | $11.2B | 8.7 | +6.5% | 9.4% | Solid |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: AA vs LRCX · AA vs CAT · AA vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/AA
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Deeper analysis of AA on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $42.25 · market cap $11.2B.