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Alcoa AA Invested capital

Discontinued — last reported Q4 '24

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

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

Calculated from Alcoa’s reported figures.

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 invested capital?
Alcoa (AA) reported invested capital of $6.8B in Q4 2024.
How has Alcoa's invested capital changed year-over-year?
Alcoa's invested capital increased by 30.0% year-over-year, from $5.23B to $6.8B.
What is the long-term trend for Alcoa's invested capital?
Over 4 years (2020 to 2024), Alcoa's invested capital has grown at a 11.6% compound annual growth rate (CAGR), from $4.39B to $6.8B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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