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Alcoa AA Return on invested capital

Return on invested capital at other companies

APO
Apogee EnterprisesAPOG
9.1%+0.7pp
Century Aluminum logo
Century AluminumCENX
21.7%+8.2pp
Constellium logo
ConstelliumCSTM
20.7%
Albemarle logo
AlbemarleALB
1.1%+0.6pp
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-6%-2.2pp
Kaiser Aluminum logo
Kaiser AluminumKALU
13.5%+8.1pp

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.

Based on trailing twelve months.

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 return on invested capital?
Alcoa (AA) reported return on invested capital of 3.7% in Q4 2024.
How has Alcoa's return on invested capital changed year-over-year?
Alcoa's return on invested capital increased by 142.0% year-over-year, from -8.8% to 3.7%.
What is the long-term trend for Alcoa's return on invested capital?
Over 3 years (2020 to 2024), Alcoa's return on invested capital has grown at a 3.6% compound annual growth rate (CAGR), from 3.3% to 3.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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