Alcoa Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	12,831	11,895	10,551	12,451	12,152
Revenue Growth (YoY)	7.87%	12.74%	-15.26%	2.46%	30.86%
Cost of Revenue	10,639	9,982	9,717	10,146	9,099
Gross Profit	2,192	1,913	834	2,305	3,053
Selling, General & Admin	299	291	239	264	274
Research & Development	24	57	39	32	31
Other Operating Expenses	-	-	-	-90	3
Operating Expenses	946	990	910	823	972
Operating Income	1,246	923	-76	1,482	2,081
Interest Expense	-158	-156	-107	-106	-195
Interest & Investment Income	-	54	62	-	-
Earnings From Equity Investments	-	-24	-228	-27	105
Currency Exchange Gain (Loss)	-	-126	64	-9	-3
Other Non Operating Income (Expenses)	1,057	58	-5	224	36
EBT Excluding Unusual Items	2,145	729	-290	1,564	2,024
Merger & Restructuring Charges	-918	-403	-259	-80	-202
Impairment of Goodwill	-144	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-58	-
Gain (Loss) on Sale of Assets	-	-37	-14	-10	354
Legal Settlements	-	-	-	-79	-
Other Unusual Items	-	-	-21	-635	-977
Pretax Income	1,083	289	-584	702	1,199
Income Tax Expense	-49	265	189	664	629
Earnings From Continuing Operations	1,132	24	-773	38	570
Minority Interest in Earnings	38	36	122	-161	-141
Net Income	1,170	60	-651	-123	429
Preferred Dividends & Other Adjustments	16	4	-	-	-
Net Income to Common	1,154	56	-651	-123	429
Net Income Growth	1850.00%	-	-	-	-
Shares Outstanding (Basic)	259	212	178	181	186
Shares Outstanding (Diluted)	261	214	178	181	190
Shares Change (YoY)	22.06%	20.23%	-1.66%	-4.74%	2.15%
EPS (Basic)	4.45	0.26	-3.66	-0.68	2.31
EPS (Diluted)	4.42	0.26	-3.66	-0.68	2.26
EPS Growth	1600.00%	-	-	-	-
Free Cash Flow	567	42	-440	342	530
Free Cash Flow Per Share	2.17	0.20	-2.47	1.89	2.79
Dividend Per Share	0.400	0.400	0.400	0.400	0.100
Dividend Growth	-	-	-	300.00%	-
Gross Margin	17.08%	16.08%	7.90%	18.51%	25.12%
Operating Margin	9.71%	7.76%	-0.72%	11.90%	17.13%
Profit Margin	8.99%	0.47%	-6.17%	-0.99%	3.53%
Free Cash Flow Margin	4.42%	0.35%	-4.17%	2.75%	4.36%
EBITDA	1,869	1,565	556	2,099	2,745
EBITDA Margin	14.57%	13.16%	5.27%	16.86%	22.59%
D&A For EBITDA	623	642	632	617	664
EBIT	1,246	923	-76	1,482	2,081
EBIT Margin	9.71%	7.76%	-0.72%	11.90%	17.13%
Effective Tax Rate	-	91.70%	-	94.59%	52.46%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.