Alcoa Corp (AA)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 289,000 | -126,000 | -538,000 | -729,000 | -584,000 | -747,000 | -1,248,000 | -241,000 | 702,000 | 871,000 | 2,097,000 | 1,650,000 | 1,199,000 | 1,307,000 | 832,000 | 266,000 | 173,000 | -165,000 | -239,000 | -311,000 |
| Revenue (ttm) | US$ in thousands | 11,895,000 | 11,004,000 | 10,702,000 | 10,480,000 | 10,551,000 | 10,619,000 | 10,868,000 | 11,828,000 | 12,451,000 | 13,128,000 | 13,386,000 | 12,575,000 | 12,152,000 | 11,204,000 | 10,460,000 | 9,775,000 | 9,286,000 | 9,330,000 | 9,532,000 | 10,095,000 |
| Pretax margin | 2.43% | -1.15% | -5.03% | -6.96% | -5.54% | -7.03% | -11.48% | -2.04% | 5.64% | 6.63% | 15.67% | 13.12% | 9.87% | 11.67% | 7.95% | 2.72% | 1.86% | -1.77% | -2.51% | -3.08% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $289,000K ÷ $11,895,000K
= 2.43%
The pretax margin of Alcoa Corp has fluctuated over the reported periods. The pretax margin was negative in the first few quarters of our data, indicating that the company's expenses exceeded its earnings before taxes. However, starting from December 31, 2020, the pretax margin turned positive, showing an improvement in the company's profitability.
The pretax margin continued to increase steadily up to June 30, 2022, reaching a peak of 15.67%. This indicates that Alcoa Corp was able to effectively control its operating costs and generate higher profits relative to its revenue during this period.
Subsequently, there was a decline in the pretax margin, dropping to 1.15% by September 30, 2024, but then showing a slight recovery to 2.43% by December 31, 2024. This suggests that the company faced challenges in maintaining its profitability and cost management in the latter part of the period.
Overall, the pretax margin trend reflects Alcoa Corp's ability to manage its costs and generate profits before taxes over the analyzed quarters, with periods of both improvement and decline in profitability. Further analysis of the factors impacting the company's expenses and revenues during these periods would provide more insights into its financial performance.
Peer comparison
Dec 31, 2024