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Alcoa AA Price / earnings

Price / earnings at other companies

Albemarle logo
AlbemarleALB
-13.9×
Reliance logo
RelianceRS
19.5×-0.3×
Nucor logo
NucorNUE
16.5×-4.2×
Carpenter Technology logo
Carpenter TechnologyCRS
41×+15.7×
Steel Dynamics logo
Steel DynamicsSTLD
19×+3.0×
ATI logo
ATIATI
46.7×+28.2×

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/S1.3×+0.7×

Profitability

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Gross margin15.2%-5.2pp
Net margin8.2%+1.4pp

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 the most recent quarter.

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 price / earnings?
Alcoa (AA) reported price / earnings of 16.9× in Q1 2026.
How has Alcoa's price / earnings changed year-over-year?
Alcoa's price / earnings increased by 84.4% year-over-year, from 9.2× to 16.9×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.