Alcoa (AA) Return on Capital Employed (2016 - 2026)

Alcoa's (AA) quarterly Return on Capital Employed came in at 5.25% in Q1 2026, down 1422.0% year-on-year from 0.4% in Q1 2025, and down 31.04% quarter-over-quarter from 7.61% in Q4 2025.

Alcoa (AA) Return on Capital Employed (2016 - 2026) Analysis & Trends

Alcoa has disclosed Return on Capital Employed across 11 years of filings, most recently posting 5.25% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 5.25%, down 1422.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.25% (down 1422.0% YoY), and the FY2025 annual result was 1.98%, up 141.0% from the prior year.
  • Return on Capital Employed came in at 5.25% for Q1 2026 at Alcoa, down from 7.61% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 19.47% in Q1 2025 to a low of 5.15% in Q3 2022.
  • The 5-year median for Return on Capital Employed is 4.76% (2024), against an average of 5.45%.
  • Peak annual rise in Return on Capital Employed reached 1650 bps in 2022, while the deepest fall reached 2367 bps in 2022.
  • Alcoa's Return on Capital Employed stood at 10.41% in 2022, then sank by 71 bps to 3.06% in 2023, then surged by 338 bps to 13.4% in 2024, then slumped by 43 bps to 7.61% in 2025, then sank by 31 bps to 5.25% in 2026.
  • The last three Return on Capital Employed figures came in at 5.25% (Q1 2026), 7.61% (Q4 2025), and 9.16% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Alcoa 18.13 Bn 16.72 Bn 681.00 Mn 5.25%
2 Century Aluminum 6.04 Bn 5.93 Bn 118.80 Mn 25.09%
3 Constellium Se 4.83 Bn 4.56 Bn 420.00 Mn 27.06%
4 Kaiser Aluminum 3.08 Bn 3.05 Bn 944.60 Mn 4.24%

Historic Data

Download Data
DateValue
Mar 31, 2026 5.25%
Dec 31, 2025 7.61%
Sep 30, 2025 9.16%
Jun 30, 2025 18.95%
Mar 31, 2025 19.47%
Dec 31, 2024 13.40%
Sep 30, 2024 8.06%
Jun 30, 2024 4.76%
Mar 31, 2024 3.08%
Dec 31, 2023 3.06%
Sep 30, 2023 -3.41%
Jun 30, 2023 -2.85%
Mar 31, 2023 3.37%
Dec 31, 2022 10.41%
Sep 30, 2022 -5.15%
Jun 30, 2022 -0.32%
Mar 31, 2022 -2.26%
Dec 31, 2021 -6.09%
Sep 30, 2021 18.52%
Jun 30, 2021 13.98%