Filing Flows › Alcoa (AA) › Q3 2025
Alcoa (AA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Alcoa (AA) reported revenue of $3.0B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -0.8% from the quarter before. Operating margin was 5.6%, net earnings $232M (7.7% of revenue).
Alcoa, Q3 2025: revenue $3.0B (+3% year over year), operating margin 5.6%, net earnings $232M, operating cash flow $85.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | -0.8% | +3% |
| Operating profit | $167M | +4% | -9% |
| Net earnings | $232M | +41% | +158% |
| Operating cash flow | $85.0M | -83% | -41% |
What changed
Revenue was $3.0B in Q3 2025, up 3% year over year and down 1% from the previous quarter.
Operating profit was $0.17B, a 5.6% margin (down 0.8 points year over year). Operating profit fell $0.02B even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 3%. The fastest-growing cost line was SG&A (+18%). Net earnings were $0.23B, up 158% year over year ($0.22B including minority interests, which bore $0.01B of losses). The effective tax rate was -30.5%.
Operating cash flow was $0.09B (down 41% year over year), 39% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.15B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Alcoa's revenue in the third quarter 2025?
Alcoa (AA) reported revenue of $3.0B for the third quarter 2025 (Q3 2025), +3% from a year earlier and -0.8% from the quarter before.
Was Alcoa profitable in the third quarter 2025?
Operating profit was $167M (5.6% of revenue) and net earnings $232M.
Source: Alcoa 10-Q on SEC EDGAR.