Alcoa (AA) Stock Price

Alcoa Price

NYSE·CLOSED
43.48USD-0.50 (-1.14 %)
Market closed

Over the last 12 years Alcoa grew revenue by 0.2% annually, reaching 12.83 B USD. Earnings per share have grown at 14.7% per year over the last 8 years. For Alcoa, the net margin of 9.1% is up versus 3.5% a few years ago. At today's price the dividend yield works out to roughly 0.92%. The payout ratio is around 9% of earnings. The dividend has grown at 10.6% per year over the past 12 years. The consensus 12-month price target for Alcoa is 65.28 USD, about 50.1% above where the stock trades today. Of 22 analysts, 13 rate the stock a buy — an overall Buy consensus. Alcoa's share price has gained 36.2% over the last twelve months. The stock trades about 53% above its 52-week low.

Alcoa stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Alcoa over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Alcoa stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Alcoa's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Alcoa Stock Price History
DateAlcoa Price
7/20/202643.48 USD
7/17/202643.98 USD
7/16/202646.85 USD
7/15/202648.58 USD
7/14/202649.06 USD
7/13/202648.97 USD
7/10/202648.68 USD
7/9/202648.72 USD
7/8/202649.12 USD
7/7/202649.01 USD
7/6/202650.34 USD
7/2/202648.68 USD
7/1/202647.48 USD
6/30/202652.14 USD
6/29/202652.77 USD
6/26/202654.10 USD
6/25/202653.08 USD
6/24/202652.30 USD
6/23/202655.08 USD
6/22/202658.19 USD
6/18/202659.88 USD
6/17/202662.74 USD
6/16/202663.17 USD
6/15/202661.78 USD
6/12/202669.09 USD
6/11/202667.22 USD
6/10/202666.57 USD
6/9/202672.41 USD
6/8/202673.44 USD
6/5/202674.07 USD
6/4/202680.58 USD
6/3/202681.82 USD
6/2/202682.45 USD
6/1/202677.71 USD
5/29/202676.37 USD
5/28/202673.88 USD
5/27/202672.61 USD
5/26/202673.72 USD
5/22/202671.84 USD
5/21/202665.88 USD
5/20/202664.96 USD
5/19/202663.93 USD
5/18/202662.59 USD
5/15/202662.53 USD
5/14/202666.02 USD
5/13/202668.44 USD
5/12/202667.62 USD
5/11/202665.34 USD
5/8/202663.18 USD
5/7/202662.64 USD
5/6/202663.26 USD
5/5/202663.06 USD
5/4/202662.46 USD
5/1/202662.63 USD
4/30/202663.79 USD
4/29/202662.46 USD
4/28/202663.17 USD
4/27/202667.36 USD
4/24/202666.01 USD
4/23/202665.37 USD
4/22/202668.53 USD
4/21/202667.15 USD
4/20/202666.53 USD
4/17/202665.62 USD
4/16/202670.41 USD
4/15/202670.38 USD
4/14/202671.84 USD
4/13/202673.31 USD
4/10/202673.03 USD
4/9/202673.27 USD
4/8/202671.76 USD
4/7/202672.96 USD
4/6/202671.01 USD
4/2/202671.53 USD
4/1/202672.06 USD
3/31/202666.33 USD
3/30/202663.22 USD
3/27/202658.41 USD
3/26/202657.60 USD
3/25/202658.70 USD
3/24/202656.68 USD
3/23/202656.08 USD
3/20/202656.45 USD
3/19/202658.65 USD
3/18/202664.23 USD
3/17/202665.42 USD
3/16/202666.60 USD
3/13/202663.59 USD
3/12/202665.93 USD
3/11/202666.36 USD
3/10/202661.31 USD
3/9/202661.16 USD
3/6/202659.65 USD
3/5/202660.38 USD
3/4/202661.55 USD
3/3/202663.84 USD
3/2/202664.08 USD
2/27/202662.08 USD
2/26/202663.47 USD
2/25/202664.90 USD
2/24/202661.41 USD
2/23/202659.81 USD
2/20/202660.49 USD
2/19/202659.69 USD
2/18/202660.21 USD
2/17/202657.47 USD
2/13/202659.95 USD
2/12/202660.51 USD
2/11/202663.15 USD
2/10/202661.76 USD
2/9/202662.36 USD
2/6/202659.16 USD
2/5/202656.38 USD
2/4/202658.16 USD
2/3/202661.35 USD
2/2/202658.21 USD
1/30/202656.81 USD
1/29/202660.64 USD
1/28/202660.01 USD
1/27/202659.66 USD
1/26/202658.55 USD
1/23/202662.21 USD
1/22/202663.14 USD
1/21/202663.87 USD
1/20/202662.12 USD
1/16/202660.07 USD
1/15/202663.81 USD
1/14/202664.57 USD
1/13/202665.37 USD
1/12/202665.67 USD
1/9/202663.67 USD
1/8/202661.09 USD
1/7/202662.74 USD
1/6/202663.56 USD
1/5/202661.44 USD
1/2/202656.54 USD
12/31/202553.14 USD
12/30/202554.38 USD
12/29/202553.77 USD
12/26/202554.25 USD
12/24/202553.63 USD
12/23/202553.65 USD
12/22/202553.72 USD
12/19/202551.25 USD
12/18/202548.18 USD
12/17/202546.84 USD
12/16/202546.56 USD
12/15/202545.49 USD
12/12/202546.14 USD
12/11/202547.24 USD
12/10/202544.64 USD
12/9/202543.47 USD
12/8/202544.46 USD
12/5/202543.77 USD
12/4/202544.01 USD
12/3/202544.10 USD
12/2/202541.45 USD
12/1/202541.65 USD
11/28/202541.74 USD
11/26/202541.57 USD
11/25/202539.20 USD
11/24/202538.72 USD
11/21/202536.34 USD
11/20/202535.83 USD
11/19/202536.72 USD
11/18/202536.55 USD
11/17/202535.78 USD
11/14/202537.59 USD
11/13/202538.19 USD
11/12/202540.03 USD
11/11/202537.48 USD
11/10/202538.79 USD
11/7/202537.32 USD
11/6/202536.70 USD
11/5/202535.74 USD
11/4/202535.26 USD
11/3/202537.20 USD
10/31/202536.79 USD
10/30/202536.76 USD
10/29/202538.91 USD
10/28/202539.31 USD
10/27/202539.90 USD
10/24/202539.42 USD
10/23/202540.14 USD
10/22/202535.65 USD
10/21/202537.23 USD
10/20/202538.96 USD
10/17/202535.97 USD
10/16/202537.13 USD
10/15/202536.46 USD
10/14/202535.75 USD
10/13/202536.25 USD
10/10/202535.02 USD
10/9/202537.00 USD
10/8/202537.06 USD
10/7/202535.53 USD
10/6/202533.79 USD
10/3/202534.50 USD
10/2/202534.83 USD
10/1/202533.85 USD
9/30/202532.89 USD
9/29/202533.85 USD
9/26/202532.71 USD
9/25/202531.45 USD
9/24/202531.23 USD
9/23/202531.53 USD
9/22/202532.63 USD
9/19/202532.46 USD
9/18/202532.72 USD
9/17/202532.86 USD
9/16/202533.48 USD
9/15/202533.60 USD
9/12/202533.24 USD
9/11/202532.29 USD
9/10/202530.93 USD
9/9/202531.27 USD
9/8/202532.04 USD
9/5/202531.83 USD
9/4/202531.29 USD
9/3/202531.11 USD
9/2/202530.94 USD
8/29/202532.19 USD
8/28/202531.92 USD
8/27/202531.80 USD
8/26/202531.95 USD
8/25/202531.80 USD
8/22/202531.68 USD
8/21/202529.51 USD
8/20/202529.33 USD
8/19/202529.85 USD
8/18/202529.63 USD
8/15/202531.27 USD
8/14/202531.33 USD
8/13/202531.73 USD
8/12/202531.38 USD
8/11/202529.33 USD
8/8/202530.17 USD
8/7/202530.10 USD
8/6/202529.55 USD
8/5/202529.62 USD
8/4/202529.12 USD
8/1/202528.40 USD
7/31/202529.97 USD
7/30/202530.12 USD
7/29/202530.44 USD
7/28/202530.68 USD
7/25/202530.84 USD
7/24/202531.86 USD
7/23/202532.10 USD
7/22/202531.93 USD
Access this data via the Eulerpool API

Alcoa Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
10.55 B USD
-159.00 M USD
-651.00 M USD
Jan 1, 2024
11.90 B USD
877.00 M USD
60.00 M USD
Jan 1, 2025
12.83 B USD
1.25 B USD
1.17 B USD
Jan 1, 2026 (e)
14.11 B USD
1.99 B USD
1.18 B USD
Jan 1, 2027 (e)
14.33 B USD
2.03 B USD
1.33 B USD
Jan 1, 2028 (e)
14.65 B USD
2.42 B USD
1.45 B USD
Jan 1, 2029 (e)
15.66 B USD
1.34 B USD
933.56 M USD
Jan 1, 2030 (e)
10.79 B USD
1.12 B USD
777.52 M USD

Alcoa Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 22, 2026, 8:07 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
SHARESM
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
9.3211.6513.4010.439.2912.1512.4510.5511.9012.8314.1114.3314.6515.6610.7911.28
-16.8025.0515.03-22.16-10.9930.862.46-15.2612.747.879.981.552.216.94-31.134.56
15.2423.1924.9918.1714.1824.6817.986.9915.5617.0817.0817.0817.0817.0817.0817.08
1.422.703.351.901.323.002.240.741.852.192.412.452.502.681.841.93
0.381.642.340.880.432.081.39-0.160.881.251.992.032.421.341.12
4.0614.0717.448.404.6417.0911.13-1.517.379.7114.1014.1816.498.5810.39
-0.400.280.25-1.13-0.170.43-0.12-0.650.061.171.181.331.450.930.780.81
-53.65-169.75-10.39-550.00-84.89-352.35-128.67429.27-109.221,850.001.2012.589.08-35.83-16.724.50
0.400.400.400.400.400.400.400.40
183.00187.00189.00185.00186.00190.00181.00178.00214.00261.20261.20261.20261.20261.20261.20261.20
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Alcoa generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Alcoa retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Alcoa's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Alcoa has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Alcoa's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Alcoa stock margins

The Alcoa margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Alcoa. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Alcoa.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
24.68 %
17.09 %
3.53 %
Jan 1, 2022
17.98 %
11.13 %
-0.99 %
Jan 1, 2023
6.99 %
-1.51 %
-6.17 %
Jan 1, 2024
15.56 %
7.37 %
0.50 %
Jan 1, 2025
17.08 %
9.71 %
9.12 %
Jan 1, 2026 (e)
17.08 %
14.10 %
8.39 %
Jan 1, 2027 (e)
17.08 %
14.18 %
9.30 %
Jan 1, 2028 (e)
17.08 %
16.49 %
9.93 %

Alcoa Stock Revenue, EBIT, Earnings per Share

The Alcoa earnings per share therefore indicates how much revenue Alcoa has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
63.96 USD
10.93 USD
2.26 USD
Jan 1, 2022
68.79 USD
7.66 USD
-0.68 USD
Jan 1, 2023
59.28 USD
-0.89 USD
-3.66 USD
Jan 1, 2024
55.58 USD
4.10 USD
0.28 USD
Jan 1, 2025
49.12 USD
4.77 USD
4.48 USD
Jan 1, 2026 (e)
54.02 USD
7.62 USD
4.53 USD
Jan 1, 2027 (e)
54.86 USD
7.78 USD
5.10 USD
Jan 1, 2028 (e)
56.08 USD
9.25 USD
5.57 USD

Alcoa business model & stock analysis

Alcoa Corp is a US-American company that has its origins in 1888. It is a leading manufacturer of aluminum products used in industries such as automotive, construction, aerospace, electricity, packaging, and many others. In its early stages, the company mainly produced aluminum oxide from bauxite, a mineral primarily found in Jamaica and Guinea. Aluminum oxide is an important component in the production of aluminum. Over the years, Alcoa Corp has invested heavily in research and development to improve the production of aluminum by melting aluminum oxide into aluminum. Alcoa Corp's business model is based on various divisions, mainly divided into bauxite, aluminum production, and aluminum processing. The company has 16 production facilities worldwide, including six in the US and two in Canada. The "Bauxite" division is currently active on four continents: South America, Africa, Australia, and Europe. Here, the production of raw materials such as bauxite and alumina is carried out, with an annual production capacity of approximately 45 million tons. Alcoa Corp is one of the world leaders in this field. The second major segment of the company is "aluminum production". Here, aluminum smelting and casting technology is applied to the raw materials. The company also offers melting using an integrated supply chain, which is energy efficient. Lastly, the "aluminum processing" business is the company's youngest segment. Alcoa focuses on innovative applications in the casting and rolling processes, serving customers in the aerospace, automotive, and shipbuilding industries. The use of special alloying allows for new unique designs and strength. Alcoa Corp's key products include not only conventional aluminum but also variations such as medium carbon steel and forged parts. Additionally, Alcoa offers aluminum sheets and kits as well as various alloy packages that allow customers to customize the desired properties of the aluminum to be produced. Overall, Alcoa Corp employs approximately 14,000 people worldwide and generated $8.2 billion in revenue in 2019. The company emphasized its continued focus on efficient and environmentally friendly aluminum production. It utilizes resource-saving production technologies and efficient recycling methods to reduce resource consumption and protect the environment. In summary, Alcoa Corp is an innovative manufacturer of aluminum products that is constantly seeking improvement opportunities. The company places great value on environmentally friendly production, environmentally friendly products, and sustainable resource utilization.

Alcoa SWOT Analysis

Strengths

Alcoa Corp has a strong global presence, with operations in multiple countries, allowing for diversification and access to various markets.

The company has a long-standing history and expertise in the aluminum industry, giving it a competitive advantage and brand recognition.

Alcoa has a vertically integrated business model, controlling the entire value chain from mining to production, which helps in cost control and quality assurance.

Weaknesses

The company heavily relies on the cyclical nature of the aluminum industry, making it vulnerable to economic downturns and fluctuations in aluminum prices.

Alcoa's heavy reliance on energy and raw materials, particularly bauxite and alumina, exposes it to supply chain risks and price volatility.

There have been concerns about the environmental impact of the aluminum industry, and Alcoa may face challenges in complying with stricter regulations and sustainability standards.

Opportunities

Increasing demand for lightweight materials in various sectors, such as automotive and aerospace, presents an opportunity for Alcoa to expand its market share.

The shift towards renewable energy sources creates opportunities for aluminum in power transmission and energy storage applications.

Alcoa can explore potential partnerships or acquisitions to enhance its technological capabilities and expand into new markets.

Threats

Intense competition within the aluminum industry, including from low-cost producers and alternative materials, poses a threat to Alcoa's market position and profitability.

Economic and political uncertainties, including trade tensions and tariffs, can impact Alcoa's operations, global supply chains, and access to key markets.

Volatility in energy prices, particularly electricity and natural gas, can significantly impact Alcoa's production costs and profitability.

Alcoa Segments

Alcoa Revenue by Segment (1/6)

  • 3 Years

  • 5 Years

  • Max

Primary aluminum
Alumina
Flat rolled aluminum
Bauxite
Details
Date
Primary aluminum
Alumina
Flat rolled aluminum
Bauxite
Jan 1, 2018
6.79 B USD
4.21 B USD
1.88 B USD
254.00 M USD
Jan 1, 2019
5.43 B USD
3.25 B USD
1.22 B USD
276.00 M USD
Jan 1, 2020
5.19 B USD
2.62 B USD
1.12 B USD
238.00 M USD
Jan 1, 2022
8.89 B USD
3.48 B USD
0.00 USD
168.00 M USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Alcoa Revenue by Segment (2/6)

  • 3 Years

  • 5 Years

  • Max

Alumina
Bauxite
Energy
Other products
Details
Date
Alumina
Bauxite
Energy
Other products
Jan 1, 2018
0.00 USD
0.00 USD
335.00 M USD
-66.00 M USD
Jan 1, 2019
0.00 USD
0.00 USD
290.00 M USD
-25.00 M USD
Jan 1, 2020
0.00 USD
0.00 USD
141.00 M USD
-22.00 M USD
Jan 1, 2022
0.00 USD
0.00 USD
201.00 M USD
-283.00 M USD
Jan 1, 2024
4.25 B USD
376.00 M USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Alcoa Revenue by Segment (3/6)

  • Max

Aluminum
Alumina
Bauxite
Energy
Other
Details
Date
Aluminum
Alumina
Bauxite
Energy
Other
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
7.36 B USD
0.00 USD
0.00 USD
147.00 M USD
-233.00 M USD
Jan 1, 2025
0.00 USD
3.66 B USD
727.00 M USD
0.00 USD
0.00 USD

Alcoa Revenue by Segment (4/6)

  • Max

Aluminum
Energy
Other
Details
Date
Aluminum
Energy
Other
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
8.52 B USD
190.00 M USD
-263.00 M USD

Alcoa Revenue by Segment (5/6)

  • 3 Years

  • 5 Years

  • Max

Other
Details
Date
Other
Jan 1, 2018
0.00 USD
Jan 1, 2019
83.00 M USD
Jan 1, 2020
22.00 M USD
Jan 1, 2022
-8.00 M USD
Jan 1, 2024
0.00 USD
Jan 1, 2025
0.00 USD

Alcoa Revenue by Segment (6/6)

  • 3 Years

  • 5 Years

  • Max

Other
Details
Date
Other
Jan 1, 2018
88.00 M USD
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD
Jan 1, 2022
0.00 USD
Jan 1, 2024
3.00 M USD
Jan 1, 2025
25.00 M USD

Alcoa Revenue by Region

  • 3 Years

  • 5 Years

  • Max

United States
Australia
Western Australia
Netherlands
Brazil
Spain
Other geographical regions
Canada
Details
Date
United States
Australia
Western Australia
Netherlands
Brazil
Spain
Other geographical regions
Canada
Jan 1, 2018
5.94 B USD
0.00 USD
2.93 B USD
0.00 USD
498.00 M USD
3.81 B USD
66.00 M USD
162.00 M USD
Jan 1, 2019
4.61 B USD
2.25 B USD
0.00 USD
0.00 USD
428.00 M USD
3.08 B USD
68.00 M USD
5.00 M USD
Jan 1, 2020
4.25 B USD
1.88 B USD
0.00 USD
0.00 USD
346.00 M USD
2.77 B USD
13.00 M USD
31.00 M USD
Jan 1, 2022
5.46 B USD
2.74 B USD
0.00 USD
3.03 B USD
527.00 M USD
618.00 M USD
70.00 M USD
1.00 M USD
Jan 1, 2024
5.37 B USD
3.13 B USD
0.00 USD
2.19 B USD
878.00 M USD
293.00 M USD
38.00 M USD
0.00 USD
Jan 1, 2025
6.12 B USD
3.01 B USD
0.00 USD
2.34 B USD
1.02 B USD
318.00 M USD
25.00 M USD
0.00 USD

Alcoa Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Alcoa historical P/E ratio, EBIT multiple, and P/S ratio

Alcoa annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Alcoa shares outstanding

The number of shares of Alcoa was 261.2 M in 2025. This indicates how many shares Alcoa is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
190.00 M Stocks
Jan 1, 2022
181.00 M Stocks
Jan 1, 2023
178.00 M Stocks
Jan 1, 2024
214.00 M Stocks
Jan 1, 2025
261.20 M Stocks
Jan 1, 2026 (e)
261.20 M Stocks
Jan 1, 2027 (e)
261.20 M Stocks
Jan 1, 2028 (e)
261.20 M Stocks

Alcoa Dividend History

18 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.20USDYTD
Mar 10, 20260.10USD 0.0%1/2
May 19, 20260.10USD 0.0%2/2
20250.40USD 0.0%
Mar 4, 20250.10USD 0.0%1/4
May 20, 20250.10USD 0.0%2/4
Aug 12, 20250.10USD 0.0%3/4
Nov 4, 20250.10USD 0.0%4/4
20240.40USD 0.0%
20230.40USD 0.0%
20220.40USD 300.0%
20210.10USD 58.3%
20160.24USD 100.0%
20150.12USD 0.0%
20140.12USD 0.0%
20130.12USD 0.0%

Alcoa dividend history and estimates

In 2025, Alcoa paid a dividend amounting to 0.40 USD. Dividend means that Alcoa distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021 (e)
0.10 USD
0.30 USD
Jan 1, 2022
0.40 USD
0.00 USD
Jan 1, 2023
0.40 USD
0.00 USD
Jan 1, 2024
0.40 USD
0.00 USD
Jan 1, 2025
0.40 USD
0.00 USD
Jan 1, 2026 (e)
0.20 USD
0.20 USD
Jan 1, 2027 (e)
0.00 USD
0.40 USD
Jan 1, 2028 (e)
0.00 USD
0.40 USD

Alcoa dividend payout ratio

In 2025, Alcoa had a payout ratio of 8.93%. The payout ratio indicates the percentage of the company's profits that Alcoa distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
4.42 %
Jan 1, 2022
-58.82 %
Jan 1, 2023
-10.94 %
Jan 1, 2024
142.65 %
Jan 1, 2025
8.93 %
Jan 1, 2026 (e)
8.82 %
Jan 1, 2027 (e)
7.84 %
Jan 1, 2028 (e)
7.18 %

Current Alcoa forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
36.17 %
Buy59.09 % (13)
Hold31.82 % (7)
Sell9.09 % (2)
12M Price Target
65.28
Last Price
43.48
Currency
USD
12M Return Potential
50.14 %
LTM Return
0 %

Alcoa Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
7/16/20262.29USD4.13 BUSD2026 Q2
4/16/20261.53USD3.41 BUSD2026 Q1
1/22/20260.94USD3.40 BUSD2025 Q4
4/17/2024-0.09USD2.70 BUSD2024 Q1
1/17/2024-0.72USD2.76 BUSD2023 Q4
1/16/20240.94USD3.06 BUSD2023 Q4
7/18/20230.95USD3.03 BUSD2023 Q2
4/18/20230.41USD2.86 BUSD2023 Q1
1/17/2023-0.65USD2.68 BUSD2022 Q4
10/19/20220.20USD3.00 BUSD2022 Q3

EESG©

Eulerpool ESG Scorecard© for the Alcoa stock

97/100
99
Environment
99
Social
92
Governance
E

Environment

20
Scope 1 - Direct Emissions15,570,000
Scope 2 - Indirect emissions from purchased energy4,440,000
Scope 3 - Indirect emissions within the value chain53,960,000
Total CO₂ emissions20,010,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees20.1
Percentage of women in management
Percentage of Asian employees1.2
Share of Asian management3.6
Percentage of Hispanic/Latino employees2.2
Hispano/Latino Management share4.8
Percentage of Black employees4.8
Black Management Share3.4
Percentage of white employees86.3
White Management Share80.2
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Alcoa shareholder structure

% Name
9.74811%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.17797%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
6.29658%
Eagle Capital Management L.L.C.
Eagle Capital Management L.L.C.
5.98419%
Allan Gray Australia Pty Ltd
Allan Gray Australia Pty Ltd
4.11079%
State Street Investment Management (US)
State Street Investment Management (US)
3.75036%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
...

Alcoa Executives and Management Board

WO

Mr. William Oplinger

(58)

President, Chief Executive Officer, Director · since 2016

Compensation13.50 M USD
MB

Ms. Molly Beerman

(61)

Chief Financial Officer, Executive Vice President

Compensation4.25 M USD
MR

Mr. Matthew Reed

(52)

Chief Operations Officer, Executive Vice President

Compensation4.14 M USD
RB

Mr. Renato Bacchi

(48)

Executive Vice President, Chief Commercial Officer

Compensation2.96 M USD
AH

Mr. Andrew Hastings

(50)

Executive Vice President, General Counsel

Compensation2.83 M USD

Frequently asked questions about Alcoa

Alcoa Corp is an aluminum producer and supplier operating in the global metals and mining industry. The company's business model revolves around offering a diversified range of aluminum products across various sectors including aerospace, automotive, packaging, and construction. Alcoa Corp focuses on bauxite mining, alumina refining, and aluminum smelting to manufacture value-added aluminum products. With a strong emphasis on environmental sustainability, Alcoa Corp also implements innovative technologies and processes to enhance efficiency and reduce carbon emissions. As a leading player in the industry, Alcoa Corp strives to meet the evolving demands of its customers by providing high-quality, lightweight, and recyclable aluminum solutions.

All fundamentals and in-depth analysis of Alcoa

Our stock analysis for Alcoa stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Alcoa. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.