Alcoa Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Alcoa Corp (AA). It shows which part of the business is growing — and which one is holding it back.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States [Member] | $4.25B 45.7% | $5.29B 43.5% · +24.6% | $5.46B 43.9% · +3.3% | $4.99B 47.3% · -8.6% | $5.37B 45.1% · +7.5% | $6.12B 47.7% · +14.0% |
| Australia [Member] | $1.88B 20.3% | $2.09B 17.2% · +11.0% | $2.74B 22.0% · +31.1% | $2.24B 21.2% · -18.3% | $3.13B 26.3% · +39.6% | $3.01B 23.5% · -3.7% |
| Netherlands [Member] | – | $2.64B 21.8% | $3.03B 24.3% · +14.6% | $2.26B 21.4% · -25.4% | $2.19B 18.4% · -3.0% | $2.34B 18.3% · +6.8% |
| Brazil [Member] | $346.0M 3.7% | $610.0M 5.0% · +76.3% | $527.0M 4.2% · -13.6% | $735.0M 7.0% · +39.5% | $878.0M 7.4% · +19.5% | $1.02B 7.9% · +16.2% |
| Spain [Member] | $2.77B 29.8% | $1.47B 12.1% · -47.0% | $618.0M 5.0% · -57.8% | $289.0M 2.7% · -53.2% | $293.0M 2.5% · +1.4% | $318.0M 2.5% · +8.5% |
| Other Geographical Regions [Member] | $13.0M 0.1% | $40.0M 0.3% · +207.7% | $71.0M 0.6% · +77.5% | $33.0M 0.3% · -53.5% | $38.0M 0.3% · +15.2% | $25.0M 0.2% · -34.2% |
| Canada [Member] | $31.0M 0.3% | $11.0M 0.1% · -64.5% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aluminum [Member] | – | – | $8.89B 71.4% | $7.05B 66.8% · -20.7% | $7.36B 61.9% · +4.5% | $8.52B 66.4% · +15.7% |
| Alumina [Member] | $2.62B 28.3% | $3.13B 25.7% · +19.1% | $3.48B 27.9% · +11.3% | $3.10B 29.4% · -10.8% | $4.25B 35.7% · +36.8% | $3.66B 28.5% · -13.8% |
| Bauxite [Member] | $238.0M 2.6% | $207.0M 1.7% · -13.0% | $168.0M 1.3% · -18.8% | $466.0M 4.4% · +177.4% | $376.0M 3.2% · -19.3% | $727.0M 5.7% · +93.4% |
| Energy [Member] | $141.0M 1.5% | $286.0M 2.4% · +102.8% | $201.0M 1.6% · -29.7% | $118.0M 1.1% · -41.3% | $147.0M 1.2% · +24.6% | $190.0M 1.5% · +29.3% |
| Other Products [Member] | -$22.0M -0.2% | -$206.0M -1.7% · -836.4% | -$283.0M -2.3% · -37.4% | -$181.0M -1.7% · +36.0% | -$233.0M -2.0% · -28.7% | -$263.0M -2.0% · -12.9% |
| Primary Aluminum [Member] | $5.19B 55.9% | $8.42B 69.3% · +62.2% | – | – | – | – |
| Flat-Rolled Aluminum [Member] | $1.12B 12.0% | $320.0M 2.6% · -71.3% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.