Alcoa's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Alcoa (AA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Alcoa vs Its Competitors
- TTM: Trailing 12-month revenue of 13,543M vs 609,309M combined for tracked competitors (2.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+15.4% annualized vs trailing 12 months), vs accelerating (+9.4%) for its tracked peer group.
- Growth: Alcoa generated 29.4% revenue growth year over year in Q2 2026, vs 13.8% for its tracked competitors combined.
- Profitability: Its 10.5% net margin compares with 22.1% for the peer group.
- Scale: Alcoa ranks #1 of 3 companies by market capitalization in the Aluminum industry, holding 73.6% of industry market cap.
- Peer revenue share: Alcoa accounted for 2.3% of combined revenue among its tracked peer group, up from 2.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.91M compares with $0.98M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AA Sales vs. its Competitors, Q2 2026
Alcoa reported revenue growth of 29.42 % year on year in Q2 2026, above its competitors' combined revenue growth of 13.77 %.
With a net margin of 10.47 %, Alcoa reported lower profitability than its competitors (22.08 %).
Alcoa generated 2.29 % of the combined sales of its peer group, up from 2.02 % a year earlier.
Alcoa vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Alcoa and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Alcoa Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Alcoa's competitor groups requires a Commercial License.
For context: the Aluminum industry grew revenue 1.7% year over year, combined, vs 29.4% for Alcoa. Alcoa's share of combined industry revenue moved from 6.52% to 8.30%, a gain of 1.78 percentage points.
Alcoa's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Alcoa Corp | Yes | Yes | No | Yes |
| Competitors combined (36) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (2) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AA Stock Performance relative to its Competitors
AA Stock Performance relative to High-Confidence Competitors
AA Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ati Inc | 282.9% | Outperformed |
| 2 | Kaiser Aluminum Corporation | 282.9% | Outperformed |
| 3 | Freeport mcmoran Inc | 282.9% | Outperformed |
| 4 | Arcelormittal | 282.9% | Outperformed |
| 5 | Nucor Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Alcoa's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Alcoa's Comment on Competition and Industry Peers
Alcoa is subject to highly competitive conditions in all aspects of its aluminum and non-aluminum businesses. Competitors include a variety of both U.S. and non-U.S. companies in all major markets. Price, quality, and service are the principal competitive factors in Alcoa’s markets. Where aluminum products compete with other materials—such as steel and plastics for automotive and building applications; magnesium, titanium, composites, and plastics for aerospace and defense applications—aluminum’s diverse characteristics, particularly its strength, light weight, recyclability, and flexibility are also significant factors. For Alcoa’s segments that market products under Alcoa’s brand names, brand recognition, and brand loyalty also play a role. In addition Alcoa’s competitive position depends, in part, on the Company’s access to an economical power supply to sustain its operations in various countries.
Publicly Traded Peers of Alcoa Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Alcoa Corp | 11,242.49 | 13,543.00 |
| Parker hannifin Corporation | 124,199.36 | 21,499.00 |
| Newmont Corporation | 123,825.35 | 25,767.00 |
| Freeport mcmoran Inc | 103,780.56 | 25,868.00 |
| Howmet Aerospace Inc | 92,012.96 | 8,623.00 |
| Occidental Petroleum Corporation | 56,784.42 | 21,671.00 |
| SUBTOTAL | 763,807.01 | 754,485.02 |
Sign in to see all competitors of Alcoa Corp.
Sources: Alcoa Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Alcoa Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Alcoa's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| AWAC | Named by the company | 85% |
| Novelis Inc | Named by the company | 85% |
| Rio Tinto | Named by the company | 85% |
| Alumina Limited | Named by the company | 85% |
| Accuride Corp | Named by the company | 85% |
| Howmet Aerospace Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Alcoa's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Alcoa's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Alcoa Corp | Aluminum 79.58 % |
| Parker hannifin Corporation | Diversified Industrial 66.93 % |
| Freeport mcmoran Inc | Rod and Refining 33.08 % |
| Howmet Aerospace Inc | Engine Products 54.26 % |
| Occidental Petroleum Corporation | Oil and gas 95.12 % |
| Nucor Corporation | Steel mills 63.56 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Alcoa's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Alcoa Corp | 11,242 | 908,926 | 83,624 |
| Parker hannifin Corporation | 124,199 | 359,215 | 60,969 |
| Newmont Corporation | 123,825 | 1,472,400 | 501,086 |
| Freeport mcmoran Inc | 103,781 | 892,000 | 158,276 |
| Howmet Aerospace Inc | 92,013 | 339,088 | 68,541 |
| Occidental Petroleum Corporation | 56,784 | 2,081,348 | 702,171 |
| PEERS TOTAL | 752,565 | 975,042 | 158,814 |
Alcoa's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Parker hannifin Corporation | North America 67.21 % |
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Steel Dynamics Inc | US 92.24 % |
| Ati Inc | United States 60.14 % |
| Pentair Plc | United States 71.92 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Alcoa's Position in Industry Market Structure
Market-capitalization share and concentration across all 3 companies in Alcoa's industry classification, broader than the peer set above. Market cap in millions of $.Alcoa ranks #1 of 3 companies by market capitalization in its industry, holding 73.57 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 6,093, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Alcoa Corp | 11,183 | 73.57 % |
| 2 | Century Aluminum Company | 1,234 | 5.2% |
| 3 | Accendra Health inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Alcoa's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Alcoa's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Alcoa Corp | 11,183 | 33.67 % |
| 2 | Century Aluminum Company | 1,234 | 12.3% |
| 3 | Accendra Health inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Alcoa's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Alcoa's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Aluminum industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (3 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 18.43 % | 22.82 % (avg) | -4.4 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 14.18 % | 14.18 % (avg) | 0.0 pp |
| Capital Intensity (Capex / Revenue) | 5.16 % | 6.14 % (avg) | -1.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Alcoa's Valuation vs Competitive Position
Valuation multiples vs the Aluminum industry average (3 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.3x | 10.8x | +1.5x |
| EV / EBITDA | 8.7x | 8.6x | +0.1x |
| P/B | 2.4x | 3.7x | -1.4x |
| Return on Equity | 18.70 % | industry aggregate | -4.53 % |
| Return on Invested Capital | - | 10.63 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Alcoa's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 15.03 % | -22.16 % | -10.99 % | 30.86 % | 2.46 % | -15.26 % | 12.74 % | 7.87 % |
| Operating Margin | 13.30 % | 80.34 % | 3.52 % | 7.81 % | 5.54 % | -3.25 % | 4.51 % | 1.29 % |
| Return on Invested Capital | 7.80 % | 39.90 % | 1.76 % | 5.06 % | 3.36 % | -1.79 % | 3.13 % | 0.91 % |
| P/E | 22.9x | - | - | 23.6x | - | - | 2,019.9x | 11.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Alcoa's BCG Growth-Share Matrix
Relative market share (vs Alcoa's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Alcoa falls in the Cash Cow quadrant: relative market share of 2.82x vs its largest competitor, in an industry growing revenue 6.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Alcoa's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 6,093 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 5.16 % vs industry average 6.14 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Alcoa's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Alcoa's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Alcoa's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Alcoa falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Alcoa's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Market leader by capitalization in its industry (#1 of 3, 73.57 % share).
- Latest-quarter revenue run-rate is accelerating (+15.4% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Alcoa's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Alcoa Corp | 0.39 | 1.50 | 0.36 |
| Parker hannifin Corporation | 0.08 | 1.16 | 0.65 |
| Newmont Corporation | 1.44 | 2.33 | 0.15 |
| Freeport mcmoran Inc | 0.70 | 2.29 | 0.31 |
| Howmet Aerospace Inc | 0.60 | 2.32 | 0.67 |
| Occidental Petroleum Corporation | 0.34 | 1.11 | 0.57 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Alcoa's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Alcoa Corp | Q2 2026 | +29.4 % | +170.9 % |
| Parker hannifin Corporation | Q2 2026 | +9.8 % | +18.2 % |
| Newmont Corporation | Q2 2026 | +15.1 % | +8.5 % |
| Freeport mcmoran Inc | Q2 2026 | -7.3 % | +80.2 % |
| Howmet Aerospace Inc | Q1 2026 | +19.1 % | +69.1 % |
| Occidental Petroleum Corporation | Q2 2026 | +53.4 % | +540.2 % |
| PEERS TOTAL | +8.3 % | +101.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Alcoa's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Alcoa Corp | Q2 2026 | +11.9 % | +42.0 % |
| Parker hannifin Corporation | Q2 2026 | +6.8 % | +32.2 % |
| Newmont Corporation | Q2 2026 | +4.3 % | +6.7 % |
| Freeport mcmoran Inc | Q2 2026 | -2.2 % | - |
| Howmet Aerospace Inc | Q1 2026 | +13.1 % | -21.0 % |
| Occidental Petroleum Corporation | Q2 2026 | - | -6.8 % |
Alcoa's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Alcoa Corp | 7.60% | 9.82% | 18.70% |
| Parker hannifin Corporation | 11.99% | 15.10% | 25.38% |
| Newmont Corporation | 15.44% | 17.36% | 25.42% |
| Freeport mcmoran Inc | 7.86% | 7.15% | 14.70% |
| Howmet Aerospace Inc | 15.00% | 17.80% | 33.11% |
| Occidental Petroleum Corporation | 8.90% | 8.31% | 18.83% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Alcoa's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Alcoa Corp | 8.75 | 0.83 |
| Parker hannifin Corporation | 34.06 | 5.78 |
| Newmont Corporation | 14.69 | 4.81 |
| Freeport mcmoran Inc | 35.25 | 4.01 |
| Howmet Aerospace Inc | 52.96 | 10.67 |
| Occidental Petroleum Corporation | 8.68 | 2.62 |
| PEERS AVERAGE | 6.26 | 1.01 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.