Alcoa Corp (AA)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,241,000 | 1,521,000 | 1,549,000 | 1,464,000 | 445,000 | 13,000 | -417,000 | -621,000 | -477,000 | -621,000 | -1,123,000 | -113,000 | 829,000 | 979,000 | 2,238,000 | 1,828,000 | 1,394,000 | 1,517,000 | 1,025,000 | 424,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,133,000 | 6,345,000 | 6,135,000 | 5,815,000 | 5,157,000 | 5,250,000 | 3,899,000 | 3,994,000 | 4,251,000 | 4,509,000 | 4,842,000 | 4,690,000 | 5,076,000 | 5,371,000 | 5,666,000 | 4,579,000 | 4,672,000 | 3,878,000 | 3,769,000 | 3,248,000 |
| Return on total capital | 20.23% | 23.97% | 25.25% | 25.18% | 8.63% | 0.25% | -10.70% | -15.55% | -11.22% | -13.77% | -23.19% | -2.41% | 16.33% | 18.23% | 39.50% | 39.92% | 29.84% | 39.12% | 27.20% | 13.05% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,241,000K ÷ ($—K + $6,133,000K)
= 20.23%