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Alcoa AA Net margin

Net margin at other companies

Albemarle logo
AlbemarleALB
-4.2%-1.9pp
Reliance logo
RelianceRS
5.4%-0.2pp
Nucor logo
NucorNUE
6.8%+2.4pp
Carpenter Technology logo
Carpenter TechnologyCRS
15.8%+3.6pp
Steel Dynamics logo
Steel DynamicsSTLD
7.2%+0.4pp
ATI logo
ATIATI
9.3%+0.3pp

Other financials

Income statement

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Revenue$3.2B-5.2%
Gross profit$681.0M-26.9%
Net income$425.0M-22.5%
EPS (diluted)$1.60-22.7%

Balance sheet

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Cash & equivalents$1.4B+12.6%
Total debt$2.6B-2.6%
Total assets$16.6B+14.2%

Cash flow

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Operating cash flow-$179.0M-339%
CapEx$119.0M+28.0%
Free cash flow-$298.0M-1,556%

Valuation

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Market cap$16.29B+122%
Enterprise value$17.49B+101%
P/E15.8×+7.2×
P/S1.3×+0.7×

Profitability

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Gross margin15.2%-5.2pp

Returns & leverage

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Return on equity1.3%+0.7pp
Debt / equity0.5×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Calculated from Alcoa’s reported figures.

Based on trailing twelve months.

The official record: Alcoa’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alcoa's net margin?
Alcoa (AA) reported net margin of 8.2% in Q1 2026.
How has Alcoa's net margin changed year-over-year?
Alcoa's net margin increased by 20.3% year-over-year, from 6.8% to 8.2%.
What is the long-term trend for Alcoa's net margin?
Over 2 years (2023 to 2025), Alcoa's net margin has grown at a -3.7% compound annual growth rate (CAGR), from -35.1% to 32.6%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.