Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Alcoa Corp

AA · NYSE · Materials

Fundamental quality

REASONABLE

70

out of 100

Alcoa Corp earns a fundamental-quality score of 70 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 0.44× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Alcoa is the historic American aluminum company, the one that invented the industry: bauxite mines, alumina refineries and aluminum smelters spread across the world. A pure bet on the light metal's price, with the advantage of the era: smelting with clean energy while the world pays for green aluminum.

What will shape its future

  • Aluminum and alumina prices, its unfiltered income statement.
  • Energy costs: smelting aluminum is electricity turned metal.
  • Tariffs and Chinese oversupply, the sector's permanent geopolitics.

Breakdown by area

I.Growth
68

EPS growth: 18.3% · Revenue growth: 7.2%

II.Profitability
70

Net margin: 9.4% · ROE: 17.3% · ROIC: 16.2%

III.Financial health
71

Net debt/EBITDA: 0.44x · FCF: 2.6%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 27 Materials companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 52%
ROEbeats 67%
Growthbeats 59%
Cash generationbeats 28%
Less debtbeats 85%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Alcoa Corp strengths

  • It has turned profitable after years of losses.
  • Growing earnings per share (18.3% annualized).
  • Solid net margin (9.4%): the business is clearly profitable.
  • Low leverage (net debt of 0.44× EBITDA).

Alcoa Corp risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Alcoa Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
20209,286-17041858
202112,152429530-87
202212,451-123342444
202310,551-651-440867
202411,89560421,407
202512,8311,157567842

Between 2020 and 2025, revenue went from $9,286M to $12,831M (+38%) and net income went from -$170M to $1,157M (+781%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+12.1%
  • Net income+16.9%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score6570
  • Net margin8.2%9.4%
  • ROE15.1%17.3%
  • Revenue growth6.1%7.2%
  • Net debt/EBITDA0.72×0.44×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.1

per share, yearly

9% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Alcoa Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Alcoa Corp a good company to invest in?

In terms of business quality, Alcoa Corp scores 70 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Alcoa Corp a profitable company?

Alcoa Corp is profitable, with a net margin of 9.4%, though a thin one.

Does Alcoa Corp have a lot of debt?

Not particularly. Its net debt is 0.44 times its EBITDA, a low level.

Is Alcoa Corp growing?

Its revenue has grown 7.2% annualized in recent years and its earnings per share 18.3%.

Does Alcoa Corp generate cash?

Yes. It converts about 2.6% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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