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Alcoa AA Debt-to-equity

Debt-to-equity at other companies

APO
Apogee EnterprisesAPOG
0.6×-0.2×
Century Aluminum logo
Century AluminumCENX
0.0×
Constellium logo
ConstelliumCSTM
1.6×-1.3×
Albemarle logo
AlbemarleALB
0.2×-0.2×
Cleveland-Cliffs logo
Cleveland-CliffsCLF
1.4×0.0×
Kaiser Aluminum logo
Kaiser AluminumKALU
1.1×-0.3×

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$11.94B+58.4%
Enterprise value$12.82B+48.9%
P/E9.4×+1.8×
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
Current ratio1.5×-0.1×

Where this comes from

Calculated from Alcoa’s reported figures.

Based on the most recent quarter.

The source filing: Alcoa’s 10-K, filed February 26, 2026. Open the filing →

Filed
Feb 26, 2026, 4:52 PM EST
Fiscal year
FY2025
Accession
0001193125-26-077167

FAQ

What is Alcoa's debt-to-equity?
Alcoa (AA) reported debt-to-equity of 0.5× in Q4 2024.
How has Alcoa's debt-to-equity changed year-over-year?
Alcoa's debt-to-equity increased by 19.2% year-over-year, from 0.5× to 0.5×.
What is the long-term trend for Alcoa's debt-to-equity?
Over 4 years (2020 to 2024), Alcoa's debt-to-equity has grown at a -9.7% compound annual growth rate (CAGR), from 0.8× to 0.5×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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