Metrics
The numbers behind Alcoa Corporation: as-reported financial statements and company metrics for FY2021–FY2025, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ millions unless noted.
Reading notes: All four core statements and the segment tables for FY2021–FY2025 are taken from Alcoa's own Form 10-K for each fiscal year (FY2025 10-K also supplies the FY2024/FY2023 comparative segment columns). Display unit is US$ millions, as printed on every statement ('in millions, except per-share amounts'). Revenue by Segment uses Alcoa's reported third-party (external) sales by segment, which reconcile to consolidated Sales via a small 'Other' line (energy/other). FY2021–FY2022 use the recast two-segment presentation (see discrepancies). Segment Adjusted EBITDA is Alcoa's reported segment profit measure (ASC 280); it is a non-GAAP total that reconciles to consolidated income before income taxes in each 10-K's segment note.
Share Price — Full Available History — 37 Years
The stock closed at $45.26 on Jul 31, 2026 — up 609% over the window shown (+5.5% a year), trading between $4.27 and $255.92. At that close the stock trades at 10× FY2025 diluted EPS as reported below.
Source: market price feed, monthly closes, sampled from 9,213 source observations, Jan 1990–Jul 2026. Price return only, excludes dividends. Prices are split-adjusted (1:2 on Feb 27, 1995; 1:2 on Feb 26, 1999; 1:2 on Jun 12, 2000; ×0.333333 on Oct 06, 2016; ×1.24844 on Nov 01, 2016).
Market capitalization $11.8bn and enterprise value $12.7bn.
Market cap = 261.0M shares outstanding × the Jul 31, 2026 close of $45.26. Enterprise value adds total debt of $2.4bn and subtracts cash and equivalents of $1.6bn (net debt of $842mn), from the FY2025 balance sheet. Market-derived figures, shown without filing links.
FY2025 at a Glance
Net income (US$ millions)
Diluted EPS
Source: FY2025 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Segment (Third-Party Sales)
| Revenue by Segment (Third-Party Sales) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Alumina | 3,375 | 3,724 | 3,613 | 4,662 | 4,447 |
| Aluminum | 8,766 | 8,735 | 6,925 | 7,230 | 8,359 |
| Total segment third-party sales | 12,141 | 12,459 | 10,538 | 11,892 | 12,806 |
| Other | 11 | (8) | 13 | 3 | 25 |
| Consolidated sales | 12,152 | 12,451 | 10,551 | 11,895 | 12,831 |
Source: Note V Segment and Geographic Area Information; segment third-party sales reconciled to consolidated sales [5] [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Segment Adjusted EBITDA
| Segment Adjusted EBITDA | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Alumina | 1,192 | 788 | 273 | 1,408 | 882 |
| Aluminum | 1,879 | 1,492 | 461 | 657 | 1,058 |
| Total Segment Adjusted EBITDA | 3,071 | 2,280 | 734 | 2,065 | 1,940 |
Source: Note V Segment and Geographic Area Information; Segment Adjusted EBITDA is Alcoa's reported measure of segment profit [6] [7]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Statement of Consolidated Operations [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-08-01. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheet [8] [9] [10] [11]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Statement of Consolidated Cash Flows [12] [13] [14] [15]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record (FY2016–FY2025)
| Fiscal year | Total revenue | Net income attributable to Alcoa | Diluted earnings per share | Operating cash flow | Capital expenditures |
|---|---|---|---|---|---|
| FY2016 | 9,318 | (400) | (2.19) | (311) | (404) |
| FY2017 | 11,652 | 279 | 1.49 | 1,224 | (405) |
| FY2018 | 13,403 | 250 | 1.33 | 448 | (399) |
| FY2019 | 10,433 | (1,125) | (6.07) | 686 | (379) |
| FY2020 | 9,286 | (170) | (0.91) | 394 | (353) |
| FY2021 | 12,152 | 429 | 2.26 | 920 | (390) |
| FY2022 | 12,451 | (123) | (0.68) | 822 | (480) |
| FY2023 | 10,551 | (651) | (3.65) | 91 | (531) |
| FY2024 | 11,895 | 60 | 0.26 | 622 | (580) |
| FY2025 | 12,831 | 1,157 | 4.37 | 1,185 | (618) |
Source: consolidated statements across filings; older years from the standardized feed [12] [1] [13] [2]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Alumina production (kmt) | — | — | 10,908 | 10,034 | 9,640 |
| Third-party alumina shipments (kmt) | — | — | 8,698 | 9,005 | 8,829 |
| Average realized alumina price (US$/t) | — | — | 358 | 472 | 415 |
| Aluminum production (kmt) | — | — | 2,114 | 2,215 | 2,319 |
| Total aluminum shipments (kmt) | — | — | 2,491 | 2,590 | 2,522 |
| Average realized aluminum price (US$/t) | — | — | 2,828 | 2,841 | 3,376 |
Source: company-reported operating metrics [16] [17] [18] [19]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 7 strong buy, 5 hold, 1 sell. Consensus: Buy.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-08-01. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
333 of 388 figures on this page (86%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
All four core statements and the segment tables for FY2021–FY2025 are taken from Alcoa's own Form 10-K for each fiscal year (FY2025 10-K also supplies the FY2024/FY2023 comparative segment columns).
Display unit is US$ millions, as printed on every statement ('in millions, except per-share amounts').
Revenue by Segment uses Alcoa's reported third-party (external) sales by segment, which reconcile to consolidated Sales via a small 'Other' line (energy/other). FY2021–FY2022 use the recast two-segment presentation (see discrepancies).
Segment Adjusted EBITDA is Alcoa's reported segment profit measure (ASC 280); it is a non-GAAP total that reconciles to consolidated income before income taxes in each 10-K's segment note.
FY2019–FY2020 long-term figures are comparative columns of the FY2021 Form 10-K; FY2016–FY2018 are from the standardized SEC XBRL data feed and are shown without page links.
Capital expenditures are shown as printed in the cash-flow statement (negative = cash outflow).
Quarterly block: standalone quarters as printed in each 10-Q; Q4 FY2025 has no standalone filing and is omitted. Quarterly cash-flow statement omitted this run.
Feed vs filing: reported revenue, net income attributable to Alcoa, operating cash flow, capex and total liabilities agree with the filings for FY2021–FY2025 (no rounding-level conflicts); the only material reconciliation item is the FY2023 segment recast noted above.
3 figure(s) differed between the data feed and the filing; the filing value is shown (see the run's metrics/metrics_tab.json for the audit trail).