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Alcoa AA Alumina — Adjusted Operating Costs

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Other financials

Income statement

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Revenue$4.0B+31.4%
Gross profit$999.0M+173%
Net income$407.0M+148%
EPS (diluted)$1.53+147%

Balance sheet

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Cash & equivalents$1.4B-10.7%
Total debt$2.2B-13.8%
Total equity$5.2B+21.3%
Total assets$16.9B+12.4%

Cash flow

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Operating cash flow$608.0M+24.6%
CapEx-$424.0M-424%
Free cash flow$184.0M-48.5%

Valuation

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Market cap$12.53B+63.8%
Enterprise value$13.4B+53.7%
P/E9.8×+2.2×
P/S0.9×+0.3×

Profitability

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Gross margin18.8%-1.4pp
Net margin9.4%+1.5pp
FCF margin4.6%+3.3pp

Returns & leverage

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Return on equity1.3%+0.7pp
Debt / equity0.5×+0.1×
Current ratio1.5×-0.1×

Where this comes from

Reported directly by Alcoa in its filing.

Tagged under the XBRL concept aa:AdjustedOperatingCosts.

The source filing: Alcoa’s 8-K, filed July 16, 2026. Open the filing →

Filed
Jul 16, 2026, 4:12 PM EDT
Accession
0001193125-26-306118

FAQ

What is Alcoa's alumina — adjusted operating costs?
Alcoa (AA) reported alumina — adjusted operating costs of $843M in Q2 2026.
How has Alcoa's alumina — adjusted operating costs changed year-over-year?
Alcoa's alumina — adjusted operating costs increased by 9.5% year-over-year, from $770M to $843M.
What is the long-term trend for Alcoa's alumina — adjusted operating costs?
Over 3 years (2022 to 2025), Alcoa's alumina — adjusted operating costs has grown at a -6.5% compound annual growth rate (CAGR), from $3.75B to $3.06B.
What does alumina — adjusted operating costs mean?
Reflects the total operating expenses incurred by the Alumina segment, adjusted to exclude non-recurring or non-operational items. It serves as a primary indicator of the segment's cost structure and operational efficiency in refining alumina.

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