OakChart

Alcoa Corp

AABasic Materials·Aluminum·USA·Large·NYSE·Nov 11 • 8:13 AM ET

40.70+0.72 (1.80%)
2026-11-11 14:13 CET
Market cap
10,553.52 USD m
Revenue, TTM
14,446.00 USD m
Net income, TTM
1,541.00 USD m
Free cash flow, TTM
890.00 USD m
EPS diluted, TTM
5.80
P/E
7.01
Compare

Price

AA against its 20, 50 and 200-day averages
2050200beatmiss
40.0060.0080.008.5M17.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26AAclose 40.7020-day 40.0050-day 42.98200-day 55.5540.70

51.8% under 84.38 on 2 Jun 2026. Last 15 sessions, 11.8% high to low

Profile

AA
52-week range, 11% of the way up
35.1284.38

Alcoa Corp. engages in the bauxite mining, alumina refining, and aluminum smelting and casting. It operates through the Alumina and Aluminum segments. The Alumina segment consists of a refining system, including the mining of bauxite, which is then refined into alumina, a compound of aluminum and oxygen that is the raw material used by smelters to produce aluminum metal. The Aluminum segment is composed of smelting and casthouse system. The company was founded by Charles Martin Hall on July 9, 1886 and is headquartered in Pittsburgh, PA.

IndexRUI
Employees14900
IPOOct 18, 2016
Beta1.83
ATR, 14d1.65
Rel volume0.07
Short float4.77%
Insider own0.54%
Inst own83.29%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap10.74B
Enterprise Value10.82B
Income1.54B
Sales14.45B
Book/sh31.23
Cash/sh17.96
Dividend Est.0.40 (0.98%)
Dividend TTM0.50 (1.23%)
Dividend Ex-DateOct 27, 2026
Dividend Gr. 3/5Y0.00% -
Payout9.02%
Employees14900
IPOOct 18, 2016

Ratios

P/E7.01
Forward P/E7.42
PEG0.80
P/S0.74
P/B1.30
P/C2.27
P/FCF12.07
EV/EBITDA3.99
EV/Sales0.75
Quick Ratio1.66
Current Ratio2.31
Debt/Eq0.58
LT Debt/Eq0.58
Option/ShortYes / Yes

Earnings

EPS (ttm)5.80
EPS next Y5.48
EPS next Q1.56
EPS this Y82.66%
EPS next Y-20.39%
EPS next 5Y9.33%
EPS past 3/5Y- -
Sales past 3/5Y1.10% 7.07%
EPS Y/Y TTM32.09%
Sales Y/Y TTM10.27%
EPS Q/Q104.27%
Sales Q/Q21.52%
EarningsOct 15 AMC
EPS/Sales Surpr.20.19% -1.71%

Ownership

Insider Own0.54%
Insider Trans-1.85%
Inst Own83.29%
Inst Trans-0.09%
ROA8.48%
ROE21.12%
ROIC11.79%
Gross Margin16.65%
Oper. Margin14.11%
Profit Margin10.67%
SMA201.75%
SMA50-5.30%
SMA200-26.73%
Trades-

Technical

Shs Outstand263.97M
Shs Float262.55M
Short Float4.77%
Short Ratio2.70
Short Interest12.52M
52W High84.38 -51.77%
52W Low35.12 15.89%
Volatility4.44% 3.55%
ATR (14)1.65
RSI (14)49.19
Beta1.83
Rel Volume0.07
Avg Volume4.64M
Volume17,299

Performance

Perf Week0.30%
Perf Month-1.90%
Perf Quarter-17.93%
Perf Half Y-40.53%
Perf YTD-23.41%
Perf Year8.59%
Perf 3Y65.18%
Perf 5Y-20.52%
Perf 10Y38.91%
Recom1.95
Target Price56.21
Prev Close39.98
Price40.70
Change %1.80%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 22, 2026DowngradeAArgusBuy → Hold
Oct 14, 2026InitiatedBBarclaysOverweight$55+35.1%
Jul 08, 2026DowngradeMMorgan StanleyOverweight → Equal-Weight$53+30.2%
May 22, 2026UpgradeUUBSNeutral → Buy$80+96.6%
May 07, 2026UpgradeWWells FargoEqual Weight → Overweight$70+72.0%
Apr 09, 2026UpgradeMMorgan StanleyEqual-Weight → Overweight$80+96.6%
Mar 13, 2026UpgradeJJP MorganUnderweight → Neutral$68+67.1%
Jan 27, 2026DowngradeMMorgan StanleyOverweight → Equal-Weight$64+57.2%
Jan 13, 2026DowngradeWWells FargoOverweight → Equal Weight$71+74.4%
Jan 08, 2026DowngradeJJP MorganNeutral → Underweight$50+22.9%

Peers

Mkt cap
TickerCompanyMkt cap
CENXCentury Aluminum Co3.61B
CSTMConstellium SE3.02B
KALUKaiser Aluminum Corp1.81B
RIORio Tinto plc ADR106.91B
TECKTeck Resources Ltd31.34B
FCXFreeport-McMoRan Inc88.54B
CLFCleveland-Cliffs Inc7.47B
BHPBHP Group Limited ADR208.55B
VALEVale SA ADR47.85B
SCCOSouthern Copper Corp149.09B

Insider trading

8 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Bacchi RenatoEVP & Chief Commercial OfficerAug 31 '26Sale51.0270035,71474,930Sep 01 04:15 PM
Bacchi RenatoOfficerAug 31 '26Proposed Sale51.0270035,714Aug 31 04:10 PM
Jones Tammi AEVP & CHROAug 27 '26Sale50.6015,628790,73339,819Aug 28 04:15 PM
Jones Tammi AOfficerAug 27 '26Proposed Sale50.6015,628790,733Aug 27 04:14 PM
Hastings AndrewEVP & Gen. CounselAug 17 '26Sale50.906,000305,41237,532Aug 18 04:17 PM
Hastings AndrewOfficerAug 17 '26Proposed Sale50.906,000305,413Aug 17 04:46 PM
Reed Matthew TEVP, Chief Operations OfficerJul 22 '26Sale46.824,600215,37271,770Jul 23 04:20 PM
Reed Matthew TOfficerJul 22 '26Proposed Sale46.824,600215,372Jul 22 04:26 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.95B
VTIVanguard Morningstar Total Stock Market ETFAUM: 689.41B
VBVanguard Morningstar Small-Cap ETFAUM: 79.96B
XMEState Street SPDR S&P Metals & Mining ETFAUM: 3.63B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.82B
VXFVanguard Extended Market Index ETFAUM: 30.61B
DFATU.S. Targeted Value Portfolio-ETF Class SharesAUM: 14.50B
DFSVUS Small Cap Value Portfolio ETF Class SharesAUM: 8.54B
PAVEGlobal X U.S. Infrastructure Development ETFAUM: 13.49B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.35B

News

latest 14 of 206
  • Here's a Cheap Stock Play on the Aluminum Market (Barrons.com) +5.77%
  • Stellantis Chooses Amperity to Personalize Experiences: NYSE Content Update (PR Newswire)
  • Alcoa shares fall after Argus downgrade warns of market headwinds (Investing.com)
  • Alcoa plans to sell part of its Massena East site for $315M (Manufacturing Dive)
  • Alcoa profit more than doubles as production rises, but quarterly earnings weaken (Proactive)
  • Loading…
  • Alcoa Stock Rallying After Earnings Beat, Alumina Demand (Schaeffer's Research)
  • AA Stock Rises Overnight: Alcoa CEO Bets On Massena East For Cash Pump As Alumina Market Tightens (Stocktwits)
  • Alcoa CEO William Oplinger: Growth in data centers is really positive for aluminum (CNBC TV)
  • Alcoa Earnings Were a Relief, and the Stock Looks Cheap (Barrons.com)
  • Alcoa shares rise 2% on Q3 earnings beat (Investing.com)
  • Alcoa Corporation Reports Third Quarter 2026 Results (Business Wire)
  • Alcoa Corporation Declares Quarterly Cash Dividend (Business Wire)
  • South32 shareholders to vote on $8 billion Alcoa asset sale (Proactive)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-151.8201.5141.8103,7043,76910
2026Q22026-07-162.1202.2541.5303,9663,9888
2026Q12026-04-161.4001.5331.5983,1933,27910
2025Q42026-01-221.2600.9260.8583,4493,27610
2025Q32025-10-22-0.020-0.1410.8892,9953,09210
2025Q22025-07-160.3900.3220.6313,0182,9088
2025Q12025-04-162.1501.6812.1083,3693,4758
2024Q42025-01-221.0400.9480.7763,4863,3708
2024Q32024-10-160.5700.2490.3852,9042,9678
2024Q22024-07-170.1600.0770.1112,9062,8448
2024Q12024-04-17-0.810-0.641-1.4082,5992,5459
2023Q42024-01-17-0.560-0.847-0.8412,5952,5909
2023Q32023-10-18-1.140-1.055-0.9442,6022,5858
2023Q22023-07-19-0.350-0.446-0.5732,6842,67810
2023Q12023-04-19-0.2300.007-1.2982,6702,75910
2022Q42023-01-18-0.700-0.815-2.1142,6632,64610

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY-0.990-0.872-6.08110,43310,478
2020FY-1.160-1.320-0.9149,2869,287
2021FY6.8306.2282.25812,15212,207
2022FY4.8304.743-0.68012,45112,521
2023FY-2.270-2.612-3.65710,55110,561
2024FY1.3501.1020.28011,89511,750
2025FY3.7703.5614.42012,83112,711
2026FY-6.886--14,739
2027FY-5.482--14,937
2028FY-4.927--14,081
2029FY-5.220--13,711
2030FY-5.855--13,687

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-198083,7973,5524,040
2026Q4S2026-10-168353,8623,7144,040
2026Q4S2026-10-158533,9153,7144,091
2026Q4S2026-10-098533,9153,7144,091
2026Q4S2026-10-088623,9363,7144,091
2026Q4S2026-10-068613,9643,7144,091
2026Q4S2026-10-028513,9403,7144,091
2026Q4S2026-09-308413,9233,7144,091
2026Q4S2026-09-218523,9233,7144,091
2026Q4S2026-09-198333,8803,7144,091
2026Q4S2026-09-178343,8803,7144,091
2026Q4S2026-09-118343,8863,7144,091
2026Q4S2026-07-268253,8813,6754,091
2026Q4S2026-07-209253,8783,6754,091

Estimate history

EPS, annual1.161.323-6.081-0.9142.258-0.68-3.6570.284.4335.802
Period201720182019202020212022202320242025TTM
EPS, quarterly0.3850.7762.1080.6310.8890.8581.5981.531.816
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1178013517104959372124371276210706121841318914446
Period201720182019202020212022202320242025TTM
Sales, quarterly283039773274294029094066306337823535
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual185.201184.77185.58185.978184.1176.969178.472258.361263.102263.97
Period201720182019202020212022202320242025MRQ
Shares, quarterly258.355258.361258.902258.915258.964263.102263.89263.909263.97
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue14,446.0013,189.0012,184.0010,706.0012,762.0012,437.009,372.0010,495.0013,517.00
Cost of Goods Sold Incl. D&A12,041.0011,265.0010,686.0010,465.0010,829.009,815.008,607.009,293.0010,823.00
Gross Profit2,405.001,924.001,498.00241.001,933.002,622.00765.001,202.002,694.00
Selling, General and Administrative Excl. Other367.00323.00332.00265.00236.00258.00233.00307.00279.00
Research and Development18.0024.0057.0039.0032.0031.0027.0027.0031.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,038.001,601.001,166.00-24.001,697.002,364.00532.00895.002,415.00
Interest Expense129.00158.00156.00107.00106.00195.00146.00121.00122.00
Unusual Expense324.00782.00283.00189.00522.001,103.00115.00584.00502.00
Net Income Before Taxes1,641.001,064.00289.00-584.00702.001,199.00173.00-438.001,625.00
Income Taxes118.00-55.00265.00189.00664.00629.00187.00415.00732.00
Consolidated Net Income1,523.001,119.0024.00-773.0038.00570.00-14.00-853.00893.00
Net Income From Continuing Operations1,541.001,157.0060.00-651.00-123.00429.00-170.00-1,125.00250.00
Net Income1,541.001,157.0060.00-651.00-123.00429.00-170.00-1,125.00250.00
EPS (Recurring)6.656.531.21-2.911.346.32-0.48-3.873.18
EPS (Basic, Before Extraordinaries)5.854.470.28-3.66-0.682.31-0.91-6.081.34
EPS (Diluted)5.804.430.28-3.66-0.682.26-0.91-6.081.32
EBITDA2,711.002,224.001,808.00608.002,314.003,028.001,185.001,608.003,148.00
Non-Operating Income (Expense)56.00403.00-438.00-264.00-367.00133.00-98.00-628.00-166.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense40.2932.3928.4427.6531.6028.4718.2521.9027.65
Price To Earnings Ratio6.896.89---27.02--22.06
Price To Sales Ratio0.771.050.660.570.640.910.460.380.37
Gross Margin16.6514.5912.292.2515.1521.088.1611.4519.93
Operating Margin14.1112.149.57-0.2213.3019.015.688.5317.87
Net Margin10.678.770.49-6.08-0.963.45-1.81-10.721.85
Shares Outstanding263.97263.10258.36178.47176.97184.10185.98185.58184.77
Market Capitalization10,553.5210,553.529,760.656,068.058,045.3311,147.604,285.693,991.684,957.01

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,535.003,782.003,063.004,066.002,909.002,940.003,274.003,977.00
Cost of Goods Sold Incl. D&A2,953.003,146.002,685.003,257.002,769.002,727.002,493.002,873.00
Gross Profit582.00636.00378.00809.00140.00213.00781.001,104.00
Selling, General and Administrative Excl. Other105.00112.0093.0057.0089.0094.0083.0097.00
Research and Development8.0011.0010.00-11.0011.0012.0012.0017.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income477.00524.00285.00752.0051.00119.00698.001,007.00
Interest Expense42.0036.0035.0016.0033.0056.0053.0045.00
Unusual Expense-29.00179.00-67.00241.00639.00-96.00-2.0072.00
Net Income Before Taxes573.00482.00499.0087.00167.00161.00668.00338.00
Income Taxes91.0073.0082.00-128.00-51.0010.00120.00136.00
Consolidated Net Income482.00409.00417.00215.00218.00151.00548.00202.00
Net Income From Continuing Operations483.00407.00425.00226.00232.00164.00548.00202.00
Net Income483.00407.00425.00226.00232.00164.00548.00202.00
EPS (Recurring)1.742.001.421.502.600.372.100.97
EPS (Basic, Before Extraordinaries)1.831.541.610.870.900.632.120.78
EPS (Diluted)1.821.531.600.860.890.632.110.78
EBITDA653.00697.00447.00914.00211.00272.00846.001,166.00
Non-Operating Income (Expense)109.00173.00182.00-408.00788.002.0021.00-552.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense10.2713.4310.276.3210.009.488.693.95
Price To Earnings Ratio6.8913.1114.7912.078.448.73--
Price To Sales Ratio0.771.001.361.060.660.590.610.80
Gross Margin16.4616.8212.3419.904.817.2423.8527.76
Operating Margin13.4913.869.3018.491.754.0521.3225.32
Net Margin13.6610.7613.885.567.985.5816.745.08
Shares Outstanding263.97263.91263.89263.10258.96258.91258.90258.36
Market Capitalization10,553.5213,759.2217,500.5113,761.358,515.717,640.207,895.969,760.65

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,741.001,259.001,076.001,608.001,938.001,631.00942.001,189.001,478.00
Short Term Receivables1,268.001,239.00808.00909.00884.00556.00660.001,003.001,043.00
Inventories2,177.001,998.002,158.002,427.001,956.001,398.001,644.001,819.001,453.00
Other Current Assets283.00418.00363.00306.00248.00935.00284.00317.00264.00
Total Current Assets5,469.004,914.004,405.005,250.005,026.004,520.003,530.004,328.004,238.00
Net Property, Plant & Equipment6,700.006,389.006,785.006,493.006,623.007,190.007,916.008,327.009,138.00
Total Investments and Advances1,978.001,033.001,053.001,180.001,312.001,051.001,131.001,442.001,538.00
Intangible Assets34.00178.00183.00174.00179.00190.00202.00208.00216.00
Deferred Tax Assets687.00284.00333.00296.00506.00655.00642.00560.00814.00
Other Assets1,261.001,266.001,396.001,363.001,379.001,254.001,210.001,267.001,503.00
Total Assets16,129.0014,064.0014,155.0014,756.0015,025.0014,860.0014,631.0016,132.0017,447.00
Short Term Debt Incl. Current Port. of LT Debt50.00113.00110.0031.0036.0062.0062.001.0016.00
Accounts Payable1,938.001,805.001,714.001,757.001,674.001,403.001,484.001,663.001,898.00
Income Tax Payable294.00102.0088.00230.00374.0091.00104.00426.00282.00
Other Current Liabilities1,519.001,375.001,118.00986.001,139.001,205.00913.00829.001,056.00
Total Current Liabilities3,801.003,395.003,030.003,004.003,223.002,761.002,563.002,919.003,252.00
Long Term Debt2,697.002,693.001,836.001,865.001,790.002,545.001,899.001,801.001,388.00
Provision for Risks Charges2,010.001,541.001,695.001,630.001,954.003,154.003,156.003,040.004,316.00
Deferred Tax Liabilities-206.00199.00174.00174.00169.00---
Other Liabilities1,427.001,072.001,550.001,494.001,600.001,215.001,127.00784.001,693.00
Total Liabilities9,935.008,907.008,310.008,167.008,741.009,844.008,745.008,544.0010,649.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity6,118.005,157.004,251.005,076.004,672.003,311.004,112.005,618.004,523.00
Total Shareholders Equity6,118.005,157.004,251.005,076.004,672.003,311.004,112.005,618.004,523.00
Accumulated Minority Interest76.000.001,594.001,513.001,612.001,705.001,774.001,970.002,275.00
Total Equity6,194.005,157.005,845.006,589.006,284.005,016.005,886.007,588.006,798.00
Total Liabilities & Stockholders Equity16,129.0014,064.0014,155.0014,756.0015,025.0014,860.0014,631.0016,132.0017,447.00
Book Value Per Share23.2519.9623.8228.6825.3817.8022.1630.4124.42
Tangible Book Value Per Share23.1219.2722.7927.7024.4116.7821.0729.2823.26
Full-Time Employees14,90013,90013,60013,10012,20012,90013,80014,00014,600
Price to Book Ratio1.281.861.351.502.351.290.970.911.70
Return on Assets7.660.43-4.50-0.832.87-1.15-7.361.491.27
Return on Equity20.521.28-13.96-2.5210.75-4.58-23.684.934.26
Return on Invested Capital13.130.76-10.69-1.776.64-2.90-18.723.373.67
Quick Ratio0.870.860.740.940.951.130.740.860.86
Current Ratio1.441.451.451.751.561.641.381.481.30

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,510.001,119.0024.00-773.0038.00570.00-14.00-853.00893.00
Depreciation673.00623.00642.00632.00617.00664.00653.00713.00733.00
Other Funds (Non Cash)495.00194.00448.00548.00813.00790.00148.001,249.00666.00
Funds from Operations2,592.001,661.001,137.00385.001,687.002,171.00761.001,124.002,262.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-983.00-476.00-515.00-294.00-865.00-1,251.00-367.00-438.00-1,814.00
Income Taxes Payable-42.00-42.0095.00-146.00-152.00301.00119.00-330.00241.00
Cash from Operating Activities1,609.001,185.00622.0091.00822.00920.00394.00686.00448.00
Capital Expenditures-719.00-618.00-580.00-531.00-480.00-390.00-353.00-379.00-399.00
Net Assets From Acquisitions-28.000.00-23.000.000.00-0.000.000.00
Sale of Fixed Assets and Businesses10.0032.0068.00192.00219.00987.00222.0074.00150.00
Purchase or Sale of Investments-86.00102.00-37.00-70.00-22.00-11.00-12.00-112.00-7.00
Purchase of Investments-88.00-59.00-37.00-70.00-32.00-11.00-12.00-112.00-7.00
Sale Or Maturity of Investments2.00161.000.000.0010.00-0.000.000.00
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources29.009.006.0012.002.000.000.000.000.00
Cash from Investing Activities-794.00-475.00-566.00-397.00-281.00586.00-143.00-417.00-256.00
Cash Dividends Paid-106.00-105.00-90.00-72.00-72.00-19.000.000.000.00
Change in Capital Stock0.000.000.001.00-478.00-125.001.002.00-27.00
Repurchase of Common Pref Stock0.000.000.000.00-500.00-150.000.000.00-50.00
Sale of Common Pref Stock0.000.000.001.0022.0025.001.002.0023.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net2,237.00-164.00353.0055.003.00-799.00738.00-7.00425.00
Change in Long Term Debt2,237.00-164.00353.0055.003.00-799.00738.00-7.00425.00
Issuance of Long Term Debt2,713.001,049.001,032.00127.004.00495.00739.000.00560.00
Reduction of Long Term Debt-476.00-1,213.00-679.00-72.00-1.00-1,294.00-1.00-7.00-135.00
Net Financing Active Other Cash Flow22.00-19.00-104.00-115.00-435.00-236.00-249.00-490.00-835.00
Other Financing Activities Uses-17.00-19.00-104.00-115.00-435.00-236.00-249.00-490.00-835.00
Cash from Financing Activities2,153.00-288.00159.00-131.00-982.00-1,179.00490.00-495.00-437.00
Exchange Rate Effect-4.0036.00-28.0010.00-9.00-13.00-14.00-7.00-4.00
Net Change in Cash2,964.00458.00187.00-427.00-450.00314.00727.00-233.00-249.00
Free Cash Flow890.00567.0042.00-440.00342.00530.0041.00307.0049.00
Preferred Dividends (Cash Flow)--1.00-1.000.000.000.000.000.000.00
Price to Free Cash Flow14.2530.02--30.4822.15104.5712.96102.52
Deferred Taxes & Investment Tax Credit--275.0023.00-22.00219.00147.00-26.0015.00-30.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments4,741.001,507.001,499.001,741.001,618.001,675.00
Short Term Receivables1,523.001,714.001,401.001,268.001,194.001,204.00
Inventories2,570.002,340.002,297.002,177.002,191.002,220.00
Other Current Assets335.00324.00481.00283.00281.00300.00
Total Current Assets9,169.005,885.005,678.005,469.005,284.005,399.00
Net Property, Plant & Equipment6,997.006,899.006,861.006,700.006,629.006,671.00
Total Investments and Advances2,080.001,982.002,088.001,978.002,062.001,143.00
Intangible Assets32.0033.0034.0034.00179.00178.00
Deferred Tax Assets676.00677.00663.00687.00524.00317.00
Other Assets1,408.001,377.001,316.001,261.001,291.001,282.00
Total Assets20,362.0016,853.0016,640.0016,129.0015,969.0014,990.00
Short Term Debt Incl. Current Port. of LT Debt1.001.001.0050.000.0075.00
Accounts Payable1,904.001,860.001,771.001,938.001,618.001,633.00
Income Tax Payable379.00275.00310.00294.00339.00246.00
Other Current Liabilities1,690.001,698.001,744.001,519.001,429.001,318.00
Total Current Liabilities3,974.003,834.003,826.003,801.003,386.003,272.00
Long Term Debt4,821.002,224.002,441.002,697.002,578.002,574.00
Provision for Risks Charges1,907.001,884.001,966.002,010.002,030.001,505.00
Other Liabilities1,415.001,474.001,516.001,427.001,544.001,404.00
Total Liabilities12,117.009,416.009,749.009,935.009,538.008,755.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity8,245.007,370.006,826.006,118.006,345.006,135.00
Total Shareholders Equity8,245.007,370.006,826.006,118.006,345.006,135.00
Accumulated Minority Interest0.0067.0065.0076.0086.00100.00
Total Equity8,245.007,437.006,891.006,194.006,431.006,235.00
Total Liabilities & Stockholders Equity20,362.0016,853.0016,640.0016,129.0015,969.0014,990.00
Book Value Per Share31.2327.9325.8723.2524.5023.70
Tangible Book Value Per Share31.1127.8025.7423.1223.8123.01
Full-Time Employees---14,900--
Price to Book Ratio1.282.022.852.171.391.31
Return on Assets8.488.106.717.757.516.85
Return on Equity21.1219.1016.5720.7519.7720.01
Return on Invested Capital3.704.244.592.562.601.88
Quick Ratio1.660.920.880.870.910.97
Current Ratio2.311.531.481.441.561.65

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income482.00409.00417.00202.00218.00151.00
Depreciation176.00173.00162.00162.00160.00153.00
Other Funds (Non Cash)28.00229.00-39.00277.00-99.00-29.00
Funds from Operations729.00676.00616.00571.002.00297.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-86.00-68.00-795.00-34.0083.00191.00
Income Taxes Payable75.0037.00-26.00-128.00192.00-79.00
Cash from Operating Activities643.00608.00-179.00537.0085.00488.00
Capital Expenditures-171.00-186.00-119.00-243.00-151.00-131.00
Net Assets From Acquisitions-28.000.000.000.000.000.00
Sale of Fixed Assets and Businesses3.001.004.002.003.000.00
Purchase or Sale of Investments-16.00-38.00-15.00-17.00137.00-3.00
Purchase of Investments-16.00-40.00-15.00-17.00-13.00-14.00
Sale Or Maturity of Investments0.002.000.000.00150.0011.00
Other Uses0.000.000.000.000.000.00
Other Sources1.0020.001.007.000.002.00
Cash from Investing Activities-211.00-203.00-129.00-251.00-11.00-132.00
Cash Dividends Paid-27.00-26.00-27.00-26.00-26.00-27.00
Preferred Dividends (Cash Flow)0.000.000.000.000.00-1.00
Change in Capital Stock0.000.000.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net2,600.00-328.00100.00-135.00-79.00-37.00
Change in Long Term Debt2,600.00-328.00100.00-135.00-79.00-37.00
Issuance of Long Term Debt2,600.000.00104.009.000.007.00
Reduction of Long Term Debt0.00-328.00-4.00-144.00-79.00-44.00
Net Financing Active Other Cash Flow39.001.00-13.00-5.000.00-3.00
Other Financing Activities Uses0.001.00-13.00-5.000.00-3.00
Cash from Financing Activities2,612.00-353.0060.00-166.00-105.00-67.00
Exchange Rate Effect0.00-5.003.00-2.003.0023.00
Net Change in Cash3,044.0047.00-245.00118.00-28.00312.00
Free Cash Flow472.00422.00-298.00294.00-66.00357.00
Price to Free Cash Flow14.2556.1597.4830.2920.7916.12

Revenue breakdown

Alumina2024: 4.25B 2025: 3.66B
Aluminum2024: 7.36B 2025: 8.52B
Bauxite2024: 376.00M 2025: 727.00M
Energy2024: 147.00M 2025: 190.00M
Other Products2024: -233.00M 2025: -263.00M
Australia2024: 3.13B 2025: 3.01B
Brazil2024: 878.00M 2025: 1.02B
Netherlands2024: 2.19B 2025: 2.34B
Other Geographical Regions2024: 38.00M 2025: 25.00M
Spain2024: 293.00M 2025: 318.00M
United States2024: 5.37B 2025: 6.12B
Total Primary Production of Aluminum revenue2024: 11.90B 2025: 12.83B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-304.77%12.5M262.6M4.65M
2026-10-154.47%11.7M262.5M4.67M
2026-09-304.47%11.7M262.5M5.01M
2026-09-154.57%12.0M262.5M5.36M
2026-08-314.64%12.2M262.5M5.69M
2026-08-144.17%10.9M262.5M5.72M
2026-07-313.56%9.3M262.5M5.50M
2026-07-153.42%9.0M262.5M5.30M
2026-06-303.21%8.4M262.5M5.07M
2026-06-153.08%8.1M262.4M5.13M
2026-05-292.48%6.5M262.5M5.46M
2026-05-152.26%5.9M262.5M5.69M
2026-04-302.35%6.2M262.6M6.33M
2026-04-152.28%6.0M262.6M7.05M
2026-03-312.64%6.9M262.7M7.77M
2026-03-133.28%8.6M262.7M7.47M
2026-02-272.74%7.2M262.7M7.30M
2026-02-133.01%7.8M257.8M7.24M
2026-01-302.13%5.5M257.8M6.89M
2026-01-152.60%6.7M257.9M6.97M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call30.009.3011.109.753.6405.005.000.985-0.0380.001
call31.008.0010.059.303.2958.001.000.970-0.0710.002
call32.007.308.858.092.78411.004.000.966-0.0690.003
call33.006.307.957.172.63713.004.000.962-0.0670.003
call34.005.356.906.082.3206.002.000.957-0.0650.003
call34.504.806.405.602.1904.006.000.946-0.0760.004
call35.004.306.005.152.15810.005.000.942-0.0740.004
call35.503.955.206.281.7303.000.000.937-0.0720.004
call36.003.654.503.951.40034.0044.000.931-0.0700.005
call36.503.253.953.461.23135.0046.000.907-0.0860.006
call37.002.803.353.001.0119.005.000.893-0.0860.006
call37.502.322.952.510.9986.005.000.867-0.0930.008
call38.001.832.492.060.91519.0027.000.790-0.1370.010
call38.501.571.991.910.78918.0014.000.741-0.1430.011
call39.001.301.441.390.61732.0014.000.694-0.1310.012
call39.500.981.090.990.58911272.000.603-0.1450.014
call40.000.650.830.850.5953041740.509-0.1550.014
call40.500.460.570.520.5874202930.414-0.1450.014
call41.000.310.460.350.6143971690.334-0.1410.013
call41.500.200.290.250.6033051610.255-0.1230.011
call42.000.110.190.150.6141,09255.000.227-0.1340.011
call42.500.050.240.170.66978594.000.181-0.1210.009
call43.000.050.060.050.5525662930.090-0.0610.006
call43.500.030.040.030.59538356.000.066-0.0500.005
call44.000.020.030.020.59641527.000.037-0.0300.003
call44.500.000.060.050.65364.005.000.034-0.0310.003
call45.000.000.030.010.7091,0568.000.031-0.0310.002
call45.500.000.200.330.7631621.000.030-0.0320.002
call46.000.000.060.050.8151930.000.028-0.0320.002
call46.500.000.120.280.8681.001.000.026-0.0330.002
call47.000.000.020.010.8621555.000.019-0.0240.002
call47.500.000.640.060.91114.000.000.018-0.0250.002
call48.000.001.100.040.95731.000.000.017-0.0250.001
call48.500.002.130.001.0040.000.000.016-0.0250.001
call49.000.000.260.371.04919.000.000.016-0.0260.001
call50.000.001.550.101.13750.001.000.015-0.0260.001
call51.000.000.400.011.22133.003.000.014-0.0270.001
call52.000.001.510.131.3041.000.000.013-0.0270.001
call53.000.001.750.041.3855.000.000.012-0.0270.001
call54.000.000.010.001.4530.000.000.012-0.0260.001
call55.000.000.020.371.0669.000.000.007-0.0120.001
call60.000.000.950.001.7510.000.000.005-0.0170.001
put30.000.000.030.101.54945.000.00-0.015-0.0360.001
put31.000.000.100.001.6020.000.00-0.030-0.0680.002
put32.000.000.750.151.43210.000.00-0.034-0.0670.003
put33.000.001.000.101.26633.000.00-0.038-0.0640.003
put34.000.000.070.011.1021880.00-0.043-0.0620.003
put34.500.000.750.131.07574.000.00-0.054-0.0730.004
put35.000.000.190.040.99180.005.00-0.058-0.0710.004
put35.500.000.200.080.9072.000.00-0.063-0.0690.004
put36.000.000.090.030.82287.0024.00-0.069-0.0670.005
put36.500.010.110.050.77649.001.00-0.093-0.0830.006
put37.000.030.120.060.68870648.00-0.107-0.0830.006
put37.500.020.110.140.59820141.00-0.133-0.0900.008
put38.000.020.250.160.67429848.00-0.206-0.1290.010
put38.500.100.350.200.65825975.00-0.259-0.1400.011
put39.000.250.400.350.576251108-0.306-0.1280.012
put39.500.480.620.570.60319887.00-0.397-0.1420.014
put40.000.510.910.960.64427814.00-0.491-0.1520.014
put40.500.791.120.400.59498.000.00-0.588-0.1380.014
put41.001.271.491.270.63015959.00-0.672-0.1320.013
put41.501.431.861.800.63860.0037.00-0.745-0.1200.011
put42.001.842.682.401.0141164.00-0.773-0.1310.011
put42.502.213.052.801.0122.003.00-0.809-0.1260.010
put43.002.703.403.150.97013.0018.00-0.910-0.0580.006
put43.502.873.903.641.0606.004.00-0.934-0.0460.005
put44.003.704.454.351.19920.0045.00-0.963-0.0260.003
put44.504.255.254.721.5758.0044.00-0.966-0.0270.003
put45.004.606.055.241.9328.0014.00-0.968-0.0270.002
put45.505.006.405.701.8915.0011.00-0.970-0.0280.002
put46.005.456.906.151.9794.004.00-0.972-0.0290.002
put46.506.107.156.691.8184.0010.00-0.973-0.0290.002
put47.006.408.257.202.4634.0010.00-0.981-0.0200.002
put47.507.258.707.772.5042.004.00-0.982-0.0210.002
put48.007.608.958.372.35358.0065.00-0.983-0.0210.001
put48.508.159.258.822.22956.0078.00-0.984-0.0210.001
put49.008.559.559.202.0767.0037.00-0.984-0.0210.001
put50.009.5010.7010.242.3876.0012.00-0.985-0.0220.001
put51.0010.4011.7011.232.5210.002.00-0.986-0.0220.001
put52.0010.8513.1012.563.0830.002.00-0.987-0.0220.001
put53.0011.8514.0513.543.1661.002.00-0.988-0.0230.001
put54.0013.7515.0514.283.2950.002.00-0.993-0.0110.001
put55.0014.7515.5515.202.8161.002.00-0.994-0.0110.001
put60.0019.5521.350.004.3140.000.00-0.995-0.0110.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-05SCHEDULE 13G/ASEC
2026-10-30SCHEDULE 13GSEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-16425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-10-158-KCurrent report2026-10-15SEC
2026-10-15425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-09-23425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-09-238-KCurrent report2026-09-23SEC
2026-09-22SDSpecialized Disclosure ReportSEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-11425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-09-118-KCurrent report2026-09-10SEC
2026-09-11425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-09-10425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-09-108-KCurrent report2026-09-09SEC
2026-09-09425Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions.SEC
2026-09-098-KCurrent report2026-09-09SEC
2026-09-08EFFECTEffectiveness filing by commission orderSEC
2026-09-08424B3SEC
2026-09-014Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-09-01S-4Registration statement for securities to be issued in business combination transactionsSEC
2026-08-31144Filing for proposed sale of securities under Rule 144.SEC
2026-08-284Statement of changes in beneficial ownership of securities2026-08-27SEC
2026-08-27144Filing for proposed sale of securities under Rule 144.SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-17144Filing for proposed sale of securities under Rule 144.SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-06SCHEDULE 13GSEC
2026-07-3010-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-234Statement of changes in beneficial ownership of securities2026-07-22SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-08001.13M3
2026-0700215.37K1
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.11.11%
VANGUARD PORTFOLIO MANAGEMENT LLC4.92%
VANGUARD CAPITAL MANAGEMENT LLC4.52%
EAGLE CAPITAL MANAGEMENT LLC4.50%
FMR LLC4.18%
STATE STREET CORP4.12%
DIMENSIONAL FUND ADVISORS LP2.99%
GEODE CAPITAL MANAGEMENT, LLC1.98%
AQR CAPITAL MANAGEMENT LLC1.55%
MORGAN STANLEY1.36%

Funds

Fund% owned
iShares Core S&P Mid-Cap ETF3.42%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.18%
VANGUARD SMALL-CAP INDEX FUND2.29%
High Yield Fund1.70%
Nuveen Flexible Income Fund1.59%
VANGUARD SMALL-CAP VALUE INDEX FUND1.45%
Fidelity OTC Portfolio1.40%
VANGUARD EXTENDED MARKET INDEX FUND1.15%
State Street(R) SPDR(R) S&P(R) Metals & Mining ETF1.07%
High Yield Fixed Income Fund0.97%

OakChart. AA. Cached 15 minutes.