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Companies / Materials / Alcoa Corp
AA

Alcoa Corp

MaterialsPrimary Metals
Ticker AAPITTSBURGH, PAFiscal year ends DecemberBook value per share $27.71Diluted shares 266.0M

Alcoa Corporation (NYSE: AA) operates as one of the world's largest aluminum producers with integrated operations spanning bauxite mining, alumina refining, and aluminum smelting across eight countries globally. The company maintains its website at www.alcoa.com and serves as a publicly traded entity listed on both… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$12.83B
+7.9% year over year
Last 12 mo $13.60B
1.29%
−3.2 percentage points
Last 12 mo 3.61%
$1.12B
+4562.5% year over year
Last 12 mo $1.25B
37.17%
+33 percentage points
Last 12 mo 17.33%
Cash & financing
$1.19B
+90.5% year over year
Last 12 mo $1.05B
$567.00M
+1250.0% year over year
Last 12 mo $352.00M
0.40
Was 0.49× a year earlier
Last 12 mo 0.30
264.8M
+14.7% year over year
Last 12 mo 266.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Alcoa Corp does

In the company’s own words

Alcoa Corporation (NYSE: AA) operates as one of the world's largest aluminum producers with integrated operations spanning bauxite mining, alumina refining, and aluminum smelting across eight countries globally. The company maintains its website at www.alcoa.com and serves as a publicly traded entity listed on both the New York Stock Exchange and the Australian Stock Exchange.

The company's core business centers on the extraction and processing of bauxite ore into alumina and aluminum products for industrial and consumer applications. Alcoa's operational footprint includes significant mining operations in Western Australia, notably the Darling Range bauxite mines comprising the Huntly and Willowdale operations, which collectively represent one of the world's largest bauxite mining complexes. These mines supply approximately 26 million tonnes per annum of bauxite to Alcoa's alumina refineries located in Pinjarra and Wagerup, Western Australia. The company also maintains joint ventures and consortia interests in Brazil, Canada, and Guinea, diversifying its geographic exposure and resource base.

Alcoa's Darling Range operations demonstrate the company's long-standing commitment to bauxite production, with the Huntly mine commencing commercial production in 1972 and the Willowdale mine in 1984. These operations preceded the Jarrahdale mine, which operated from 1963 to 1998. The company supplies bauxite to its own alumina refineries, which subsequently produce alumina for external and internal smelter customers, creating an integrated value chain from raw material extraction through final product delivery.

The company's competitive advantages include extensive mineral reserves, established infrastructure networks including long-distance conveyor systems and haul roads, proximity to established refineries and port facilities at Kwinana and Bunbury, and decades of operational expertise in laterite bauxite mining and processing. Alcoa's integrated business model allows for vertical control over production quality and cost management throughout the aluminum production process, from mining through refining to smelting operations.

Company details
Sector
Materials
Industry
Primary Metals
Headquarters
PITTSBURGH, PA
Fiscal year end
December
CIK
1675149
SIC
3334

Financial performance, year by year

Fiscal 2016–2025 · USD
$-2.30B$2.04B$6.38B$10.71B$15.05B2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Alcoa Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

486
funds hold it
1 of 35
superinvestors hold it
$5.36B
held by funds, at market
34.6%
of shares held by funds
3
bond issues held by funds

Superinvestors in Alcoa Corp · what they did last quarter

Stanley DruckenmillerDECREASED -87.6%
Duquesne Family Office
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Alcoa Corp’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.38%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.17%of fund net assets
Fidelity Puritan Fund
FPURX · Fidelity Puritan Trust
0.59%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.29%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Alcoa Corp’s bonds, as funds hold them

Funds report holding 3 issues of Alcoa Corp’s debt, $416.08M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.71%, maturing 2028 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Alcoa Corp and its peers compare on margins and cash generation over ten years?”
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