Alcoa (AA) Capital Expenditures (2015 - 2026)
Alcoa (AA) reported Capital Expenditures of $186 million for Q2 2026, up 42.0% from $131 million a year earlier and up 56.3% from the prior quarter.
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Analysis
Alcoa (AA) Capital Expenditures (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Alcoa's Capital Expenditures came in at $699 million, up 29.7% year-over-year; for FY2025, it was $618 million, up 6.6% from FY2024.
- Capital Expenditures has increased for five consecutive years, with a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $580 million in FY2024 (+9.2%), $531 million in FY2023 (+10.6%), $480 million in FY2022 (+23.1%) and $390 million in FY2021 (+10.5%).
- Five-year quarterly Capital Expenditures spans a low of $74 million in Q1 2022 and a high of $243 million in Q4 2025.
- Year over year, Capital Expenditures has now increased in each of the last four quarters, with growth averaging 10.0% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q3 2022 (growth of 54.2%); the low point was Q2 2025 (a decline of 20.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $119 million (Q1 2026), $243 million (Q4 2025) and $151 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 422.80 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 719.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | -431.28 Mn |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 1.10 Bn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | -1.19 Bn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 571.00 Mn |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | -1.10 Bn |
| 10 | Alcoa | 11.15 Bn | 5.43 Bn | 999.00 Mn | 186.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 186.00 Mn |
| Mar 31, 2026 | 119.00 Mn |
| Dec 31, 2025 | 243.00 Mn |
| Sep 30, 2025 | 151.00 Mn |
| Jun 30, 2025 | 131.00 Mn |
| Mar 31, 2025 | 93.00 Mn |
| Dec 31, 2024 | 169.00 Mn |
| Sep 30, 2024 | 146.00 Mn |
| Jun 30, 2024 | 164.00 Mn |
| Mar 31, 2024 | 101.00 Mn |
| Dec 31, 2023 | 188.00 Mn |
| Sep 30, 2023 | 145.00 Mn |
| Jun 30, 2023 | 115.00 Mn |
| Mar 31, 2023 | 83.00 Mn |
| Dec 31, 2022 | 171.00 Mn |
| Sep 30, 2022 | 128.00 Mn |
| Jun 30, 2022 | 107.00 Mn |
| Mar 31, 2022 | 74.00 Mn |
| Dec 31, 2021 | 153.00 Mn |
| Sep 30, 2021 | 83.00 Mn |
API Access
Alcoa Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=AA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "AA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=AA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();