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Alcoa AA Q4 2025 Annual earnings

Reported January 22, 2026 · After market close

Revenue$3.4BBeat by $173.0MDiluted EPS$1.26Beat by $0.33
Revenue estimate$3.3B
EPS estimate$0.93

Next report

Jul 16, 2026 (In 5 days)
Revenue estimate$4.0B
EPS estimate$2.29

Financials

Q4 2025

Income statement

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Revenue$3.4B-1.1%
Gross profit$576.0M-25.4%
Net income$213.0M+5.4%
EPS (diluted)$0.80-18.4%

Balance sheet

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Cash & equivalents$1.6B+40.3%
Total debt$2.8B-0.9%
Total assets$16.1B+14.7%

Cash flow

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Operating cash flow$537.0M+29.4%
CapEx$243.0M+43.8%
Free cash flow$294.0M+19.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$13.76B+41.0%
Enterprise value$14.92B+30.8%
P/E11.9×-151×
P/S1.1×+0.3×

Profitability

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Gross margin16.9%+1.4pp
Net margin9%+8.5pp

Returns & leverage

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Current ratio1.4×0.0×

Segments

By product

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Aluminum$2.5B+29.6%
Alumina$792.0M-45.6%
Bauxite$170.0M+33.9%
Other Products$139.0M+17.8%
Energy$59.0M+3.5%

By segment

See full
Alumina$1.4B-41.2%

Versus estimates

Revenue

Q1 2026$3.2BMiss by $86.5M
Q4 2025$3.4BBeat by $173.0M
Q3 2025$3.0BMiss by $96.6MQ2 2025$3.0BBeat by $110.4MQ1 2025$3.4BMiss by $105.9MQ4 2024$3.5BBeat by $24.5M

Diluted EPS

Q1 2026$1.40Miss by $0.20
Q4 2025$1.26Beat by $0.33
Q3 2025-$0.02Beat by $0.12Q2 2025$0.39Beat by $0.07Q1 2025$2.15Beat by $0.47Q4 2024$1.04Beat by $0.11

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Questions, answered.

When did Alcoa report Q4 2025 earnings?
Alcoa (AA) reported Q4 2025 earnings on January 22, 2026 after market close.
What were Alcoa's Q4 2025 revenue and EPS?
Alcoa reported revenue of $3.4B and diluted EPS of $1.26 for Q4 2025.
Did Alcoa beat estimates in Q4 2025?
Revenue beat the consensus estimate of $3.3B by $173.0M. EPS beat the consensus estimate of $0.93 by $0.33.
How did Alcoa's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.1% from $3.5B a year earlier and diluted EPS grew 21.2% from $1.04.
Where can I find Alcoa's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-019438) and the 10-K periodic report (0001193125-26-077167) directly on SEC EDGAR. The filing index links above go to sec.gov.