A

Alcoa Corp

AA · CIK 0001675149

12 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$12.83B7.9%
FY2025
Net income (FY)
$1.16B1,828.3%
FY2025
Free cash flow (FY)
$567.0M1,250.0%
FY2025
Diluted EPS (FY)
$4.371,580.8%
FY2025
The story, charted

The shape of the business

FY2014–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2014 · Revenue $13.15B · Net income −$256.0M · 0001193125-17-083862 · filed 2017-03-15FY14Revenue $13.15BNet income −$256.0M0001193125-17-083862 · filed 2017-03-15FY2015 · Revenue $11.20B · Net income −$863.0M · 0001193125-18-056314 · filed 2018-02-26FY15Revenue $11.20BNet income −$863.0M0001193125-18-056314 · filed 2018-02-26FY2016 · Revenue $9.32B · Net income −$400.0M · 0001564590-19-004171 · filed 2019-02-26FY16Revenue $9.32BNet income −$400.0M0001564590-19-004171 · filed 2019-02-26FY2017 · Revenue $11.65B · Net income $279.0M · 0001564590-20-005759 · filed 2020-02-21FY17Revenue $11.65BNet income $279.0M0001564590-20-005759 · filed 2020-02-21FY2018 · Revenue $13.40B · Net income $250.0M · 0001564590-21-008854 · filed 2021-02-25FY18Revenue $13.40BNet income $250.0M0001564590-21-008854 · filed 2021-02-25FY2019 · Revenue $10.43B · Net income −$1.13B · 0001564590-22-006763 · filed 2022-02-24FY19Revenue $10.43BNet income −$1.13B0001564590-22-006763 · filed 2022-02-24FY2020 · Revenue $9.29B · Net income −$170.0M · 0001564590-23-002319 · filed 2023-02-23FY20Revenue $9.29BNet income −$170.0M0001564590-23-002319 · filed 2023-02-23FY2021 · Revenue $12.15B · Net income $429.0M · 0000950170-24-018069 · filed 2024-02-21FY21Revenue $12.15BNet income $429.0M0000950170-24-018069 · filed 2024-02-21FY2022 · Revenue $12.45B · Net income −$123.0M · 0000950170-25-024242 · filed 2025-02-20FY22Revenue $12.45BNet income −$123.0M0000950170-25-024242 · filed 2025-02-20FY2023 · Revenue $10.55B · Net income −$651.0M · 0001193125-26-077167 · filed 2026-02-26FY23Revenue $10.55BNet income −$651.0M0001193125-26-077167 · filed 2026-02-26FY2024 · Revenue $11.89B · Net income $60.0M · 0001193125-26-077167 · filed 2026-02-26FY24Revenue $11.89BNet income $60.0M0001193125-26-077167 · filed 2026-02-26FY2025 · Revenue $12.83B · Net income $1.16B · 0001193125-26-077167 · filed 2026-02-26FY25Revenue $12.83BNet income $1.16B0001193125-26-077167 · filed 2026-02-26FY25Revenue $12.83BNet income $1.16B0001193125-26-077167 · filed 2026-02-26FY15FY17FY19FY21FY23FY25

net margin -1.9% → 9.0%

MarginsNet marginFCF margin
-10%0%10%FY2014 · Net margin -1.9% · FCF margin 3.0%FY14Net margin -1.9%FCF margin 3.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -7.7% · FCF margin 4.3%FY15Net margin -7.7%FCF margin 4.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -4.3% · FCF margin -7.7%FY16Net margin -4.3%FCF margin -7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 2.4% · FCF margin 7.0%FY17Net margin 2.4%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.9% · FCF margin 0.4%FY18Net margin 1.9%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -10.8% · FCF margin 2.9%FY19Net margin -10.8%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -1.8% · FCF margin 0.4%FY20Net margin -1.8%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 3.5% · FCF margin 4.4%FY21Net margin 3.5%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -1.0% · FCF margin 2.7%FY22Net margin -1.0%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin -6.2% · FCF margin -4.2%FY23Net margin -6.2%FCF margin -4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 0.5% · FCF margin 0.4%FY24Net margin 0.5%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.0% · FCF margin 4.4%FY25Net margin 9.0%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.0%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’16’19’22’25

FY2025: net 9.0% · free cash flow 4.4% of revenue

Cash engineOperating cash flowFree cash flow
$0$1BFY2014 · OCF $842.0M · FCF $398.0M · 0001193125-17-083862 · filed 2017-03-15FY14OCF $842.0MFCF $398.0M0001193125-17-083862 · filed 2017-03-15FY2015 · OCF $875.0M · FCF $484.0M · 0001193125-17-083862 · filed 2017-03-15FY15OCF $875.0MFCF $484.0M0001193125-17-083862 · filed 2017-03-15FY2016 · OCF −$311.0M · FCF −$715.0M · 0001564590-19-004171 · filed 2019-02-26FY16OCF −$311.0MFCF −$715.0M0001564590-19-004171 · filed 2019-02-26FY2017 · OCF $1.22B · FCF $819.0M · 0001564590-20-005759 · filed 2020-02-21FY17OCF $1.22BFCF $819.0M0001564590-20-005759 · filed 2020-02-21FY2018 · OCF $448.0M · FCF $49.0M · 0001564590-21-008854 · filed 2021-02-25FY18OCF $448.0MFCF $49.0M0001564590-21-008854 · filed 2021-02-25FY2019 · OCF $686.0M · FCF $307.0M · 0001564590-22-006763 · filed 2022-02-24FY19OCF $686.0MFCF $307.0M0001564590-22-006763 · filed 2022-02-24FY2020 · OCF $394.0M · FCF $41.0M · 0001564590-23-002319 · filed 2023-02-23FY20OCF $394.0MFCF $41.0M0001564590-23-002319 · filed 2023-02-23FY2021 · OCF $920.0M · FCF $530.0M · 0000950170-24-018069 · filed 2024-02-21FY21OCF $920.0MFCF $530.0M0000950170-24-018069 · filed 2024-02-21FY2022 · OCF $822.0M · FCF $342.0M · 0000950170-25-024242 · filed 2025-02-20FY22OCF $822.0MFCF $342.0M0000950170-25-024242 · filed 2025-02-20FY2023 · OCF $91.0M · FCF −$440.0M · 0001193125-26-077167 · filed 2026-02-26FY23OCF $91.0MFCF −$440.0M0001193125-26-077167 · filed 2026-02-26FY2024 · OCF $622.0M · FCF $42.0M · 0001193125-26-077167 · filed 2026-02-26FY24OCF $622.0MFCF $42.0M0001193125-26-077167 · filed 2026-02-26FY2025 · OCF $1.19B · FCF $567.0M · 0001193125-26-077167 · filed 2026-02-26FY25OCF $1.19BFCF $567.0M0001193125-26-077167 · filed 2026-02-26FY25OCF $1.19BFCF $567.0M0001193125-26-077167 · filed 2026-02-26’16’19’22’25

FY2025: $1.19B operating cash − $618.0M capex = $567.0M free cash flow

Returns on capitalReturn on equityReturn on assets
-20%0%20%FY2015 · ROE -9.1% · ROA -5.3%FY15ROE -9.1%ROA -5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -7.1% · ROA -2.4%FY16ROE -7.1%ROA -2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 6.2% · ROA 1.6%FY17ROE 6.2%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 4.4% · ROA 1.5%FY18ROE 4.4%ROA 1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -27.4% · ROA -7.7%FY19ROE -27.4%ROA -7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -5.1% · ROA -1.1%FY20ROE -5.1%ROA -1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 9.2% · ROA 2.9%FY21ROE 9.2%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -2.4% · ROA -0.8%FY22ROE -2.4%ROA -0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -15.3% · ROA -4.6%FY23ROE -15.3%ROA -4.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 1.2% · ROA 0.4%FY24ROE 1.2%ROA 0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 18.9% · ROA 7.2%FY25ROE 18.9%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 18.9%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assets’16’19’22’25

return on equity -9% (FY2015) → 19% (FY2025) · on assets 7.2%

Balance sheetLiabilitiesEquity
$0$5B$10B$15BFY2015 · Liabilities $4.90B · Equity $9.44BFY15Liabilities $4.90BEquity $9.44B0001193125-17-083862 · filed 2017-03-15FY2016 · Liabilities $9.04B · Equity $5.65BFY16Liabilities $9.04BEquity $5.65B0001193125-18-056314 · filed 2018-02-26FY2017 · Liabilities $10.65B · Equity $4.52BFY17Liabilities $10.65BEquity $4.52B0001564590-19-004171 · filed 2019-02-26FY2018 · Liabilities $8.54B · Equity $5.62BFY18Liabilities $8.54BEquity $5.62B0001564590-20-005759 · filed 2020-02-21FY2019 · Liabilities $8.74B · Equity $4.11BFY19Liabilities $8.74BEquity $4.11B0001564590-21-008854 · filed 2021-02-25FY2020 · Liabilities $9.84B · Equity $3.31BFY20Liabilities $9.84BEquity $3.31B0001564590-22-006763 · filed 2022-02-24FY2021 · Liabilities $8.74B · Equity $4.67BFY21Liabilities $8.74BEquity $4.67B0001564590-23-002319 · filed 2023-02-23FY2022 · Liabilities $8.17B · Equity $5.08BFY22Liabilities $8.17BEquity $5.08B0000950170-24-018069 · filed 2024-02-21FY2023 · Liabilities $8.31B · Equity $4.25BFY23Liabilities $8.31BEquity $4.25B0000950170-25-024242 · filed 2025-02-20FY2024 · Liabilities $8.91B · Equity $5.16BFY24Liabilities $8.91BEquity $5.16B0001193125-26-077167 · filed 2026-02-26 · 0000950170-25-024242 · filed 2025-02-20FY2025 · Liabilities $9.94B · Equity $6.12BFY25Liabilities $9.94BEquity $6.12B0001193125-26-077167 · filed 2026-02-26FY25Liabilities $9.94BEquity $6.12B0001193125-26-077167 · filed 2026-02-26’16’19’22’25

FY2025: $16.13B assets · $9.94B liabilities · $6.12B equity

The receipts