Alcoa Corp (AA) stock
AANYSEPrimary Production of AluminumFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 15/3054% below fair value
$40.45−0.59 (-1.44%)
Close on Nov 12, 2026Market cap $10.68BP/E 7.0Yield 0.25%
Alcoa gross margin
Gross margin is gross profit as a percentage of revenue.
Alcoa's gross margin for the twelve months ending Sep 30, 2026 was 21.9%. For fiscal 2025 it was 16.9%, against 15.6% the year before. The highest annual figure on record is 25.0% in fiscal 2018.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 16.9% | +1.4 |
| FY2024 | Dec 31, 2024 | 15.6% | +8.6 |
| FY2023 | Dec 31, 2023 | 7.0% | −11.0 |
| FY2022 | Dec 31, 2022 | 18.0% | −6.7 |
| FY2021 | Dec 31, 2021 | 24.7% | +10.5 |
| FY2020 | Dec 31, 2020 | 14.2% | −4.0 |
| FY2019 | Dec 31, 2019 | 18.2% | −6.8 |
| FY2018 | Dec 31, 2018 | 25.0% | +1.8 |
| FY2017 | Dec 31, 2017 | 23.2% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 23.8% | +13.8 |
| Q2 FY2026 | Jun 30, 2026 | 25.2% | +13.1 |
| Q1 FY2026 | Mar 31, 2026 | 21.3% | −6.3 |
| Q4 FY2025 | Dec 31, 2025 | 16.7% | −5.4 |
| Q3 FY2025 | Sep 30, 2025 | 10.0% | −7.6 |
| Q2 FY2025 | Jun 30, 2025 | 12.1% | −0.7 |
| Q1 FY2025 | Mar 31, 2025 | 27.6% | +20.1 |
| Q4 FY2024 | Dec 31, 2024 | 22.1% | +15.6 |
| Q3 FY2024 | Sep 30, 2024 | 17.6% | +12.5 |
| Q2 FY2024 | Jun 30, 2024 | 12.8% | +6.5 |
| Q1 FY2024 | Mar 31, 2024 | 7.5% | −2.5 |
| Q4 FY2023 | Dec 31, 2023 | 6.6% | +4.0 |
| Q3 FY2023 | Sep 30, 2023 | 5.1% | −1.3 |
| Q2 FY2023 | Jun 30, 2023 | 6.3% | −17.8 |
| Q1 FY2023 | Mar 31, 2023 | 10.0% | −23.8 |
| Q4 FY2022 | Dec 31, 2022 | 2.5% | −26.1 |
| Q3 FY2022 | Sep 30, 2022 | 6.4% | −18.9 |
| Q2 FY2022 | Jun 30, 2022 | 24.1% | +0.2 |
| Q1 FY2022 | Mar 31, 2022 | 33.8% | +13.6 |
| Q4 FY2021 | Dec 31, 2021 | 28.7% | +11.2 |
| Q3 FY2021 | Sep 30, 2021 | 25.3% | +11.5 |
| Q2 FY2021 | Jun 30, 2021 | 23.9% | +13.8 |
| Q1 FY2021 | Mar 31, 2021 | 20.1% | +5.2 |
| Q4 FY2020 | Dec 31, 2020 | 17.5% | +1.5 |
| Q3 FY2020 | Sep 30, 2020 | 13.8% | −3.6 |
| Q2 FY2020 | Jun 30, 2020 | 10.1% | −9.2 |
| Q1 FY2020 | Mar 31, 2020 | 15.0% | −4.9 |
| Q4 FY2019 | Dec 31, 2019 | 15.9% | −8.9 |
| Q3 FY2019 | Sep 30, 2019 | 17.4% | −9.3 |
| Q2 FY2019 | Jun 30, 2019 | 19.3% | – |
| Q1 FY2019 | Mar 31, 2019 | 19.8% | – |
| Q4 FY2018 | Dec 31, 2018 | 24.9% | – |
| Q3 FY2018 | Sep 30, 2018 | 26.7% | – |
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