# Alcoa share price today (Alcoa Corporation, AA)

> Alcoa Corporation's results are improving, while its P/E is near the low end of its own history over 4.6 years, higher than only 2% of past readings. AA · Materials · Aluminum · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/aa

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## Key numbers

- Price: $39.49 (+7.3% in a year)
- P/E: 6.9× (lower than 98% of the last 4.6 years)
- Revenue (Sep 2026): $3.7 B (+23.7% on a year ago)
- Profit (Sep 2026): $483 M (+110.9% on a year ago)
- Operating margin: 16.2% (+13.4 points on a year ago)
- ROE: 18%, FY25
- ROIC: 24.0%, against a 10.6% cost of capital: +13.4 points
- Profit that came in as cash: 168%, last 3 years

The main question: yearly earnings per share moved +1,580.8% while the share price moved +7.3%. ## What is the Alcoa share price today? Alcoa Corporation's share price was $39.49 at the close on 3 November 2026. It has been moving sideways for 20 weeks. That is 29.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between $36 and $78, and at that close it sat 8% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 22 weeks running. Over the last 10 years the share price moved +57% while the S&P 500 moved +262%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 5 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Alcoa pay? Alcoa Corporation paid $0.40 per share over the last four reported quarters. The most recent declaration was $0.10 for Jun 2026. At today's price of $39.49 that is a yield of 1.01%, based on dividends already paid, not a forecast. ## Which stock lists is Alcoa on? Alcoa is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Alcoa profitable? Alcoa Corporation earned $483 M of net profit in the Sep 2026 quarter, +110.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $1.1 B. Over 4 years profit has grown 27.7% a year on average. That is 13.0% of the quarter's revenue. The same quarter a year earlier earned $229 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $1.1 B (+1,937.5% on the year before). Why profit moved: revenue changed +23.7% on a year earlier and the margin moved +13.4 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +61.7% and revenue +12.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Alcoa make, and is it growing? Alcoa Corporation reported $3.7 B of revenue in the Sep 2026 quarter, +23.7% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown 1.4% a year on average. The last full year, FY25, came in at $12.8 B. The last four reported quarters add to $14.3 B. FY25 revenue was $12.8 B, +7.9% on the year before. Recent pace: the last four quarters grew +12.2% on average, against 1.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.2%, against +14.0% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Alcoa keep? Alcoa Corporation's operating margin was 16.2% in the Sep 2026 quarter, 13.4 percentage points higher than the same quarter a year ago. Across 5 years it has been between −0.7% and 17.1%. The latest quarter is within that range. Why the margin moved: operating margin changed +13.4 percentage points on the year while gross margin changed +12.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Alcoa's profit turning into cash? Over the last 3 years, 168% of Alcoa Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.2 B of operating cash against $1.1 B of profit. After $618 M of spending on assets, $567 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Alcoa's cash go? Alcoa Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.7 B on assets over the last 3 years. Averaged over those years that is 4.5% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $1.7 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Alcoa's P/E ratio, and how does it compare with its own history? Alcoa Corporation's P/E is 6.9×, about the lowest it has ever been. Its usual P/E (the middle reading) is 12.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +1,580.8% while the price moved +7.3%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Alcoa business getting better or worse? Alcoa Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Alcoa earn on its capital? Alcoa Corporation earned a ROE of 18% in FY25. That is up from a low of −11% in FY23. Its return on capital used (ROIC) is 13.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 8.9% net margin and 0.80× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 8.9% net margin × 0.80× asset turnover × 2.60× leverage (assets divided by equity) ≈ 18.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 24.0% − 10.6% = +13.4 percentage points. The 10.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 24.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 18.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Alcoa have too much debt? Alcoa Corporation has total debt of $4.8 B against shareholder equity of $8.2 B as of Sep 2026, so its debt is 0.58× its equity. Year by year, that ratio went from 0.30 in FY21 to 0.44 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Alcoa shareholding pattern? 4.5% of Alcoa Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 2.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Alcoa from balance-sheet trouble? For Alcoa Corporation, the Z-score is 2.13. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.13 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Alcoa rank in its industry? 58.6 out of 100, rank 3 of 4 in Aluminum, with 82% of the evidence available. Alcoa Corporation scores 58.6 out of 100 against the 4 companies it is compared with in Aluminum, ranking 3. Earnings are strong; relative strength in its sector is -10.1% and the one-year return is 5.8%. The four parts add up to the total exactly: 26.3 + 11.3 + 15 + 6 = 58.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Alcoa compared with? Alcoa ranks 3 of 4 Aluminum companies on the 4-Factor Sector Score, with 58.6 out of 100. 1. [Constellium SE](https://www.sectoralpha.in/us/stocks/cstm) CSTM · quiet · Most evidence points up · 78% evidence 78.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.5/35 · Revenue 25.9% · Profit 100% · Operating margin change 6 points · 83% evidence Capital efficiency 17.2/25 · ROCE 20.5% · Operating margin 8.9% · 76% evidence Valuation 15.0/20 · P/E 8× · PEG 0.2 · 50% evidence Relative strength 15.0/20 · Lead over its industry 10.5% · Lead over S&P 500 -14.9% · 1 year 45.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 31.5 + 17.2 + 15 + 15 = 78.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Kaiser Aluminum Corporation](https://www.sectoralpha.in/us/stocks/kalu) KALU · quiet · Evidence leans up · 82% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.1/35 · Revenue 40.5% · Profit 100% · Operating margin change -1.1 points · 95% evidence Capital efficiency 11.7/25 · ROCE 14.9% · Operating margin 4.5% · 76% evidence Valuation 15.0/20 · P/E 10.7× · PEG 0.38 · 50% evidence Relative strength 6.1/20 · Lead over its industry 1.7% · Lead over S&P 500 -21.2% · 1 year 24.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.1 + 11.7 + 15 + 6.1 = 60.9 · What this means: Earnings are strong; relative strength in its sector is 1.7% and the one-year return is 24.9%. 3. Alcoa Corporation this page AA · quiet · Evidence leans up · 82% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 11.2% · Profit 35.2% · Operating margin change 13.4 points · 95% evidence Capital efficiency 11.3/25 · ROCE 13.7% · Operating margin 16.2% · 76% evidence Valuation 15.0/20 · P/E 7.3× · PEG 0.22 · 50% evidence Relative strength 6.0/20 · Lead over its industry -10.1% · Lead over S&P 500 -30.9% · 1 year 5.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.3 + 11.3 + 15 + 6 = 58.6 · What this means: Earnings are strong; relative strength in its sector is -10.1% and the one-year return is 5.8%. 4. [Century Aluminum Company](https://www.sectoralpha.in/us/stocks/cenx) CENX · quiet · Evidence leans down · 61% evidence 49.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 9.7% · Profit 100% · Operating margin change 25.2 points · 62% evidence Capital efficiency 15.4/25 · ROCE 16.4% · Operating margin 28.1% · 76% evidence Valuation 10.0/20 · P/E 7.6× · PEG n/a · 0% evidence Relative strength 0.0/20 · Lead over its industry -10.7% · Lead over S&P 500 -32% · 1 year 0.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24 + 15.4 + 10 + 0 = 49.4 · What this means: Earnings are strong; relative strength in its sector is -10.7% and the one-year return is 0.8%. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Aluminum](https://www.sectoralpha.in/us/sectors/aluminum), all 4 compared on one page. ## Which companies are close to Alcoa in size? Alcoa is the largest of 4 Aluminum companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: Century Aluminum Company, Constellium SE and Kaiser Aluminum Corporation. ### Aluminum companies close in size

1. Alcoa Corporation $10.4 billion
2. [Century Aluminum Company](https://www.sectoralpha.in/us/stocks/cenx) $3.3 billion
3. [Constellium SE](https://www.sectoralpha.in/us/stocks/cstm) $3.1 billion
4. [Kaiser Aluminum Corporation](https://www.sectoralpha.in/us/stocks/kalu) $1.9 billion

[All 4 Aluminum companies, largest first](https://www.sectoralpha.in/us/sectors/aluminum#all-companies)

### Companies close in size in other industries

1. [Service Corporation International](https://www.sectoralpha.in/us/stocks/sci) $10.6 billion · Personal Services
2. [Brookfield Renewable Corporation](https://www.sectoralpha.in/us/stocks/bepc) $10.5 billion · Utilities - Renewable
3. Alcoa Corporation $10.5 billion
4. [JFrog Ltd.](https://www.sectoralpha.in/us/stocks/frog) $10.5 billion · Software - Application
5. [Advanced Drainage Systems, Inc.](https://www.sectoralpha.in/us/stocks/wms) $10.5 billion · Building Products & Equipment

## What else do people ask about Alcoa? ### What were Alcoa's latest quarterly results? Alcoa Corporation reported revenue of $3.7 B and net profit of $483 M for the Sep 2026 quarter. Revenue rose 23.7% and profit rose 110.9% compared with a year earlier. Earnings per share were $1.81. The operating margin was 16.2%, 13.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is Alcoa's market cap? Alcoa Corporation's market capitalisation is $10.4 B at a stock price of $39.49. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Alcoa performing? Alcoa Corporation's share price has been moving sideways for 20 weeks. In its latest quarter, revenue rose 23.7% and profit rose 110.9% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 22 weeks running (as of 3 November 2026). ### Will Alcoa's stock price go up? This page does not forecast Alcoa Corporation's stock price. What it shows instead: the stock price is $39.49, and it has been moving sideways for 20 weeks. Its P/E of 6.9× is higher than 2% of its own last 5 years (as of 3 November 2026). ### Is Alcoa's profit real cash? Yes, over the last 3 years, 168% of Alcoa Corporation's reported profit came in as cash from operations. The latest year was lower at 104%, so the trend is worth watching. In FY25, operating cash was $1.2 B against reported profit of $1.1 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Alcoa in its business cycle? Alcoa Corporation's FY25 operating margin was 10.3%, against a 5-year range of −0.7% to 17.1%: the middle of its own range, neither a peak nor a low. The latest quarter was 16.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Alcoa story? The main question: yearly earnings per share moved +1,580.8% while the share price moved +7.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Alcoa a stock worth studying right now? What the numbers show: Alcoa Corporation's results are improving, while its P/E is near the low end of its own history over 4.6 years, higher than only 2% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.