Alcoa (AA) Invested Capital (2015 - 2026)
Alcoa (AA) reported Invested Capital of $9.6 billion for Q2 2026, up 9.2% from $8.78 billion a year earlier and up 3.5% from the prior quarter.
Powered by 
Analysis
Alcoa (AA) Invested Capital (2015 - 2026) Analysis & Trends
For FY2025, Alcoa posted Invested Capital of $8.56 billion, up 11.1% from FY2024.
- Invested Capital has a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- By year, Invested Capital came in at $7.7 billion in FY2024 (+0.6%), $7.66 billion in FY2023 (-8.8%), $8.4 billion in FY2022 (+4.8%) and $8.01 billion in FY2021 (+7.1%).
- The Q2 2026 figure ranks as the highest quarterly Invested Capital since Q2 2017.
- Year over year, Invested Capital has now increased in each of the last eight quarters, with growth averaging 7.3% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q3 2022 (growth of 19.9%); the low point was Q4 2023 (a decline of 8.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $9.27 billion (Q1 2026), $8.56 billion (Q4 2025) and $8.92 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | 71.30 Bn |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 40.50 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 24.55 Bn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 36.87 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 80.28 Bn |
| 10 | Alcoa | 11.08 Bn | 5.36 Bn | 999.00 Mn | 9.60 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.60 Bn |
| Mar 31, 2026 | 9.27 Bn |
| Dec 31, 2025 | 8.56 Bn |
| Sep 30, 2025 | 8.92 Bn |
| Jun 30, 2025 | 8.78 Bn |
| Mar 31, 2025 | 8.46 Bn |
| Dec 31, 2024 | 7.70 Bn |
| Sep 30, 2024 | 8.18 Bn |
| Jun 30, 2024 | 7.96 Bn |
| Mar 31, 2024 | 8.08 Bn |
| Dec 31, 2023 | 7.66 Bn |
| Sep 30, 2023 | 7.90 Bn |
| Jun 30, 2023 | 8.27 Bn |
| Mar 31, 2023 | 8.10 Bn |
| Dec 31, 2022 | 8.40 Bn |
| Sep 30, 2022 | 8.62 Bn |
| Jun 30, 2022 | 9.02 Bn |
| Mar 31, 2022 | 7.99 Bn |
| Dec 31, 2021 | 8.01 Bn |
| Sep 30, 2021 | 7.19 Bn |
API Access
Alcoa Invested Capital 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=invested-capital&ticker=AA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=AA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();