Alcoa Valuation Multiples

Alcoa Overview

About Alcoa

Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is one of the world’s largest bauxite miners and alumina refiners by production volume, but sits outside the top-10 aluminum producers, a list dominated by Chinese companies. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024.

Founded

1886

HQ

Employees

13.9K

Website

alcoa.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $13B

EBITDA: $2B

EV

$18B

Valuation Multiples

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Alcoa Financials

Alcoa reported last 12-month revenue of $13B and EBITDA of $2B.

In the same LTM period, Alcoa generated $3B in gross profit, $2B in EBITDA, and $1B in net income.

Alcoa P&L

In the most recent fiscal year, Alcoa reported revenue of $13B and EBITDA of $2B.

Alcoa expects next 12-month revenue of XXX and NTM EBITDA of XXX

Alcoa Stock Performance

Alcoa has current market cap of $17B, and enterprise value of $18B.

Alcoa's stock price is $65.62.

Alcoa Valuation Multiples

Alcoa trades at 1.4x EV/Revenue multiple, and 7.9x EV/EBITDA.

Alcoa Financial Valuation Multiples

As of April 20, 2026, Alcoa has market cap of $17B and EV of $18B.

Equity research analysts estimate Alcoa's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Alcoa has a P/E ratio of 13.7x.

Alcoa Margins & Growth Rates

Alcoa's revenue in the last 12 month grew by 11%.

Alcoa's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.1M for the same period.

Alcoa's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Alcoa's rule of X is 62% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Alcoa Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Alcoa M&A Activity

Alcoa acquired XXX companies to date.

Last acquisition by Alcoa was on XXXXXXXX, XXXXX. Alcoa acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Alcoa Investment Activity

Alcoa invested in XXX companies to date.

Alcoa made its latest investment on XXXXXXXX, XXXXX. Alcoa invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).