Alcoa Corporation (AA) is a Materials stock trading at $51.05 (as of 2026-09-02), with a market capitalization of $13.47B and a trailing P/E of 10.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Alcoa produces and sells bauxite, alumina, and aluminum products, operating across the Bauxite, Alumina, and Aluminum segments. It mines bauxite, processes it into alumina for sale to downstream customers, and produces aluminum through smelting and casting; it also generates and sells electricity from owned hydropower plants. Markets served include customers in transportation, construction, packaging, wire, and other industrial applications, as well as electricity buyers such as wholesale market participants and large industrial consumers.
Alcoa mines bauxite, refines it into alumina, and smelts primary aluminum, selling all three to industrial buyers, beverage can makers, and downstream processors. Revenue splits roughly evenly between Aluminum and Alumina, with prices tied to the LME cycle and margins governed by energy and carbon costs.
Every dollar of profit is the spread between the LME aluminum price and the cost of electricity, carbon, and alumina; Alcoa sets no price and earns only on the residual.
| Aluminum | $1.7B |
| Alumina | $1.3B |
| Bauxite | $1.0B |
Business quality (Solid): Vertically integrated across eight countries, Alcoa's 12.2% operating margin and 17% ROE reflect a capital-heavy, cyclical producer that earns on volume and spread rather than pricing power.
Valuation: At 10× earnings, AA trades 53% below the Steel Works average (22×). Note: the low multiple may reflect one-time earnings items.
| Price | $51.05 |
| Market Cap | $13.47B |
| P/E Ratio | 10.5 |
| EV / EBITDA | 6.5 |
| Price / Book | 1.83 |
| Price / Sales | 0.99 |
| FCF Yield | 4.2% |
| DCF Value (model) | $39.98 |
| DCF Upside vs Price | -21.7% |
| Revenue (TTM) | $12.83B |
| Net Margin | 9.0% |
| Revenue Growth (YoY) | 31.4% |
| EPS Growth (YoY) | 144.4% |
| FCF Growth (YoY) | 18.2% |
| Altman Z-Score | 1.92 (grey) |
| Stock P/E | 10.5 |
| Sector P/E (Materials) | 23.9 |
| Industry P/E (Steel Works) | 21.0 |
| vs Sector | -55.9% |
| vs Industry | -49.9% |
| Top Institutional Holder | BlackRock, Inc. ($1.88B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Materials |
| Industry | Steel Works |
| CEO | William F. Oplinger |
| Employees | 13,900 |
| Country | US |
| IPO Date | 2017-03-15 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.