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Alcoa AA Aluminum — Adjusted Ebitda

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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:AdjustedEbitda.

The source filing: Alcoa’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:26 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-197447
First quarter ended March 31, 2026AluminaAluminumTotal
Total sales$1,102$2,541$3,643
Adjusted operating costs(1)7371,4302,167
Other segment items(2)405417822
Segment Adjusted EBITDA$(40)$694$654
Supplemental information:
Depreciation, depletion, and amortization$86$71$157
Equity income
Capital expenditures6446110

Item 1. Financial Statements.

FAQ

What is Alcoa's aluminum — adjusted ebitda?
Alcoa (AA) reported aluminum — adjusted ebitda of $694M in Q1 2026.
How has Alcoa's aluminum — adjusted ebitda changed year-over-year?
Alcoa's aluminum — adjusted ebitda increased by 417.9% year-over-year, from $134M to $694M.
What is the long-term trend for Alcoa's aluminum — adjusted ebitda?
Over 4 years (2021 to 2025), Alcoa's aluminum — adjusted ebitda has grown at a -13.4% compound annual growth rate (CAGR), from $1.88B to $1.06B.
What does aluminum — adjusted ebitda mean?
A measure of the Aluminum segment's operating profitability, calculated by adding back depreciation, depletion, and amortization to operating income, while adjusting for non-recurring items. It provides a clear view of the segment's cash-generating capability from core operations.

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