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Alcoa AA Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Revenue (Gross) by Business
Alumina$5.48B-29.2%$6.56B-5.3%$7.56B+29.5%$7.8B+41.3%$7.74B+45.0%
Aluminum$9.02B+20.1%$8.38B+15.6%$7.81B+11.0%$7.57B+10.1%$7.51B+10.9%
Segment Reporting Information Unrelated Party Sales by Business
Alumina$3.64B-29.5%$4.45B-4.6%$5.06B+27.5%$5.21B+35.8%$5.16B+38.9%
Aluminum$8.99B+20.0%$8.36B+15.6%$7.79B+11.0%$7.55B+10.1%$7.49B+11.0%
Segment Reporting Information Intersegment Revenues by Business
Alumina$1.84B-28.6%$2.11B-6.8%$2.5B+33.9%$2.59B+54.0%$2.58B+59.1%
Aluminum$21M+31.3%$20M+25.0%$18M+12.5%$18M+20.0%$16M0.0%
Segment Reporting Information Equity In Net Income Of Equity Method Investees Of The Segments by Business
Alumina-$9M-119%$6M-72.7%$31M+307%$37M+212%$48M+202%
Aluminum$3M+123%-$3M+40.0%-$20M-37.9%-$31M-3.3%-$13M+83.2%
Segment Reporting Other Item Amount by Business
Alumina$2.23B-19.6%$2.61B+8.6%$2.94B+61.1%$2.92B+78.0%$2.77B+79.3%
Aluminum$1.43B+45.6%$1.21B+10.3%$1.01B-16.8%$948M-23.2%$985M-18.7%
Segment Reporting Information Reported Assets by Business
Alumina$23.32B$23.81B$24.28B
Aluminum$25.23B$24.8B$24.78B
Adjusted Ebitda by Business
Alumina$178M-90.8%$882M-37.4%$1.59B+104%$1.89B+308%$1.93B+526%
Aluminum$1.62B+118%$1.06B+61.0%$732M+32.8%$605M+34.4%$741M+127%
Segment Reporting Information Depreciation Depletion And Amortization Expenses by Business
Alumina$340M+0.9%$330M-5.2%$330M-5.4%$327M-7.4%$337M-1.7%
Aluminum$274M+1.1%$270M-0.7%$268M-2.2%$269M-2.2%$271M-1.5%
Segment Reporting Information Capital Expenditures by Business
Alumina$331M-8.8%$320M-12.8%$302M-12.9%$327M-0.2%$363M+21.3%
Aluminum$264M+36.8%$255M+29.4%$223M+22.9%$198M+4.8%$193M+1.8%
Segment Reporting Information Equity Method Investments by Business
Alumina$1.17B$1.37B$1.55B
Aluminum$1.27B$1.59B$1.9B
Adjusted Operating Costs by Business
Alumina$3.08B+1.3%$3.06B-1.6%$3.04B-5.5%$2.99B-10.7%$3.04B-11.0%
Aluminum$5.96B+3.1%$6.11B+11.3%$6.07B+14.7%$6.02B+14.4%$5.78B+10.4%
Revenue by Product
Alumina$2.97B-34.9%$3.66B-13.8%$4.33B+21.3%$4.49B+31.8%$4.57B+39.3%
Aluminum$9.14B+19.5%$8.52B+15.7%$7.94B+11.3%$7.71B+10.6%$7.65B+11.6%
Bauxite$603M+8.3%$727M+93.4%$684M+83.9%$664M+71.6%$557M+39.3%
Energy$259M+23.3%$215M-10.4%$213M-11.6%$211M-12.4%$210M-12.9%
Other Products$252M-8.7%$285M-38.4%$264M-42.0%$273M-40.1%$276M-39.7%

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Questions, answered.

How does Alcoa break its business down?
Alcoa (AA) reports revenue (gross) by business across 2 parts — Alumina and Aluminum. Each is extracted from the segment footnotes and tracked over time.
Where does Alcoa's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Alcoa's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.