Alcoa Corp (AA)

Pretax margin

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before tax but after interest (EBT) US$ in thousands 1,083,000 289,000 -584,000 702,000 1,199,000
Revenue US$ in thousands 12,736,000 12,184,000 10,706,000 12,762,000 12,437,000
Pretax margin 8.50% 2.37% -5.45% 5.50% 9.64%

December 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $1,083,000K ÷ $12,736,000K
= 8.50%