Alcoa (AA) Return on Invested Capital [ROIC] (2016 - 2026)
Alcoa's Return on Invested Capital [ROIC] came in at 13.70% for Q2 2026, down 4.17 percentage points from 17.87% a year earlier but up 6.30 percentage points from the prior quarter.
Powered by 
Analysis
Alcoa (AA) Return on Invested Capital [ROIC] (2016 - 2026) Analysis & Trends
For FY2025, Alcoa's Return on Invested Capital [ROIC] was 11.46%, up 10.19 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +11.46 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 1.27% in FY2024 (-2.33 pp), 3.60% in FY2023 (+2.74 pp), 0.86% in FY2022 (-9.04 pp) and 9.90% in FY2021 (+9.90 pp).
- The five-year range for quarterly Return on Invested Capital [ROIC] is -4.64% (Q2 2023) to 20.56% (Q3 2021).
- Year-over-year, Return on Invested Capital [ROIC] increased in five of the last eight quarters, with an average year-over-year change of +3.68 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q1 2025 (a gain of 15.98 percentage points), and the weakest in Q2 2023 (a drop of 20.79 percentage points).
- Business Quant data shows AA's Return on Invested Capital [ROIC] at 7.39% (Q1 2026), 10.66% (Q4 2025) and 9.58% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | Alcoa | 11.07 Bn | 5.35 Bn | 999.00 Mn | 13.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.70% |
| Mar 31, 2026 | 7.39% |
| Dec 31, 2025 | 10.66% |
| Sep 30, 2025 | 9.58% |
| Jun 30, 2025 | 17.87% |
| Mar 31, 2025 | 17.81% |
| Dec 31, 2024 | 1.23% |
| Sep 30, 2024 | 8.63% |
| Jun 30, 2024 | 4.06% |
| Mar 31, 2024 | 1.82% |
| Dec 31, 2023 | 3.72% |
| Sep 30, 2023 | 2.30% |
| Jun 30, 2023 | -4.64% |
| Mar 31, 2023 | 5.16% |
| Dec 31, 2022 | 0.83% |
| Sep 30, 2022 | 1.31% |
| Jun 30, 2022 | 16.15% |
| Mar 31, 2022 | 13.94% |
| Dec 31, 2021 | 10.09% |
| Sep 30, 2021 | 20.56% |
API Access
Alcoa Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=AA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=AA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();