Alcoa (AA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Alcoa

NYSE•Basic Materials•Aluminum

$47.41+1.15(0.02%)Market open

Market Cap

$12.40B

P/E

9.7x

P/S

0.9x

P/B

1.7x

Alcoa Corporation, together with its subsidiaries, engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally. The company operates through two segments: Alumina and Aluminum. It operates bauxite and other aluminous ores mining and processes bauxite into alumina for sale to aluminum smelter customers and customers who process it into industrial chemical products through supply contracts to third parties, as well as aluminum smelting and casting businesses. The company also offers aluminium powder and scrap and primary aluminum in the form of commodity grade ingot and value-add ingot to customers that produce products for transportation, building and construction, packaging, wire, and other industrial markets. In addition, it provides energy that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in May 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Balance Sheet & Red Flags (23/25); weakest: Cash & Earnings Quality (8/25).

Profitability19/25

Growth17/25

Balance Sheet & Red Flags23/25

Cash & Earnings Quality8/25

Strengths

High ROERising earningsLow leverageInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.7x5y range 7.6x – 131.3x

Currently near its 11-quarter median.

P/S · 0.9x5y range 0.5x – 1.3x

Currently above its 20-quarter median.

P/B · 1.7x5y range 1.1x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 86.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $12.40B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $13.60B
Q. Revenue: $3.97B
TTM EBITDA: $1.03B
TTM Op. Income: $371.00M
Q. Op. Income: $682.00M
TTM Net Income: $1.28B
Q. Net Income: $407.00M
EPS: $1.54
Shares Out.: $264.00M

$13.60B in TTM revenue grew 6.5% YoY, reaching $3.97B last quarter. TTM EBITDA of $1.03B and TTM operating income of $371.00M show growth is flowing through to the bottom line. TTM net income of $1.28B means revenue is converting into profit. Over the past year, TTM revenue is up 6% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 25.2%
EBITDA Margin: 21.6%
Op. Margin: 17.2%
Net Margin: 10.3%

Op. margin of 17.2% is up 15.6% YoY — cost efficiency is improving. Net margin at 10.3% and gross margin of 25.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.7x
P/S Ratio: 0.9x
P/B Ratio: 1.7x

At 9.7x P/E, the stock trades below typical market levels. P/S of 0.9x and P/B of 1.7x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 28% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.85B
Cash: $1.35B
Long-Term Debt: $2.22B
Book Value: $7.37B
D/E Ratio: 0.3
Debt/EBITDA: 2.6

With $16.85B in assets and $2.22B in long-term debt, D/E is 0.3and book value is $7.37B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $608.00M
TTM Free Cash Flow: $352.00M
FCF Margin: 2.6%
FCF / Net Income: 0.3

TTM FCF of $352.00M on $608.00M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 40% — an improving trend.