Alcoa Corp (AA)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,241,000 | 445,000 | -477,000 | 808,000 | 1,394,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,133,000 | 5,157,000 | 4,251,000 | 5,076,000 | 4,672,000 |
| Return on total capital | 20.23% | 8.63% | -11.22% | 15.92% | 29.84% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,241,000K ÷ ($—K + $6,133,000K)
= 20.23%