AA FINANCIAL STATEMENTS

Alcoa Corp — balance sheet, income statement and cash flow trends

AAAlcoa Corp

🇺🇸 USA · NYSE · Basic Materials · Aluminum

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
05 B10 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue12.7 B $Gross Profit1.9 B $ · 15%Operating Income484 M $ · 4%Pre-tax Income895 M $ · 7%Net Income1 B $ · 8%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue12.7 B $-2.7%
Gross Profit1.9 B $-21.4%
Operating Income484 M $-77.0%
EBITDA1.7 B $-20.1%
Net Income1 B $+20.2%

Peer Comparison· Aluminum

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
AA-2.7%15.2%13.2%8.2%
NHY-4.9%31.4%6.3%3.0%
AAI-1.3%14.1%12.5%8.4%
Industry median3.1%13.6%12.1%6.6%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
05 B10 B15 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets16.6 B
  • Equity6.8 B $41%
  • Current Liabilities3.8 B $23%
  • Long-term Liabilities5.9 B $36%

Key Figures

YoY change
Total Assets16.6 B $+14.2%
Total Liabilities9.7 B $+11.3%
Total Equity6.8 B $+17.4%
Cash & ST Investments1.4 B $+14.6%
Total Debt2.4 B $-7.8%
Net Debt1.1 B $-26.3%

Peer Comparison· Aluminum

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
AA1.4835.8%0.6441.0%
NHY1.85——49.5%
AAI1.4835.8%0.6941.0%
Industry median1.6747.4%0.6941.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
01 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
0500 M931 M $Operating-523 M $Investing-278 M $Financing130 M $Net Change

Key Figures

YoY change
Operating Cash Flow931 M $+1.2%
Capital Expenditures644 M $+12.6%
Free Cash Flow287 M $-17.5%
Dividends Paid-106 M $-209.3%

Peer Comparison· Aluminum

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
AA7.4%2.3%5.1%90.0%
NHY16.3%2.9%9.5%535.3%
AAI9.0%3.5%5.5%106.7%
Industry median7.2%2.1%5.3%99.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.