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Alcoa AA Pension Expense

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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$12.59B+64.5%
Enterprise value$13.46B+54.4%
P/E9.9×+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 us-gaap:PensionContributions.

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
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Decrease in accounts payable, trade(195)(206)
Decrease in accrued expenses(94)(206)
Decrease in taxes, including income taxes(26)(27)
Pension contributions (K)(3)(12)
Increase in noncurrent assets(68)(47)
Decrease in noncurrent liabilities(102)(65)
CASH (USED FOR) PROVIDED FROM OPERATIONS(179)75
FINANCING ACTIVITIES

Item 1. Financial Statements.

FAQ

What is Alcoa's pension expense?
Alcoa (AA) reported pension expense of $3M in Q1 2026.
How has Alcoa's pension expense changed year-over-year?
Alcoa's pension expense decreased by 75.0% year-over-year, from $12M to $3M.
What is the long-term trend for Alcoa's pension expense?
Over 4 years (2021 to 2025), Alcoa's pension expense has grown at a -56.9% compound annual growth rate (CAGR), from $579M to $20M.
What does pension expense mean?
Non-cash pension and postretirement benefit expense that exceeds or falls short of cash contributions to the plans.

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