Alcoa Corporation (AA) Return on Invested Capital (ROIC): 7.84%
Is Alcoa Corporation’s return on invested capital (ROIC) high or low?
Alcoa Corporation's return on invested capital (ROIC) of 7.84% is 155% above its 5-year average of 3.07%, near the high end of its 5-year range (-0.35%–9.46%).
The return on invested capital (ROIC) for Alcoa Corporation (AA) is 7.84% as of Wednesday, June 10, 2026. It is above its 12-month average by 79.41% (4.37%).
AA Return on Invested Capital (ROIC) Chart
AA Average Return on Invested Capital (ROIC) Chart
AA Current vs Average Return on Invested Capital (ROIC) Chart
AA Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
7.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.37%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
2.33%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
4.43%
CURRENT VS TTM AVG
+79.41%
CURRENT VS 3Y AVG
+236.84%
CURRENT VS 5Y AVG
+155.37%
CURRENT VS 10Y AVG
+67.20%
CURRENT VS 15Y AVG
+77.10%
CURRENT VS 20Y AVG
+77.10%
AA Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alcoa Corporation (AA) | — | 7.84% | 4.37% | 2.33% | 3.07% |
| DuPont de Nemours, Inc. (DD) | $18.47B | 2.18% | 2.86% | 3.62% | 3.63% |
| United States Steel Corporation (X) | $12.42B | 1.24% | 5.50% | 14.46% | 8.82% |
| Vulcan Materials Company (VMC) | $35.38B | 8.02% | 7.30% | 6.97% | 6.71% |
| Nucor Corporation (NUE) | $57.05B | 6.74% | 7.30% | 14.93% | 15.58% |
| Air Products and Chemicals, Inc. (APD) | $61.57B | -1.82% | 4.05% | 5.72% | 6.36% |
| Ecolab Inc. (ECL) | $72.33B | 11.95% | 11.88% | 10.14% | 9.59% |
| The Sherwin-Williams Company (SHW) | $74.96B | 15.21% | 15.30% | 14.71% | 14.42% |
| Freeport-McMoRan Inc. (FCX) | $89.24B | 7.77% | 8.29% | 8.87% | 8.45% |
| Newmont Corporation (NEM) | $99.04B | 12.23% | 10.17% | -2.70% | -0.68% |
Capital Efficiency
ROIC
7.8%
ROE
15.2%
Alcoa Corporation Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Alcoa Corporation Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The return on invested capital (ROIC) for AA stock is 7.84%.
- Is Alcoa Corporation's return on invested capital (ROIC) high or low?
- Alcoa Corporation's return on invested capital (ROIC) of 7.84% is 155% above its 5-year average of 3.07%, near the high end of its 5-year range (-0.35%–9.46%).
- What is the TTM average return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The TTM average return on invested capital (ROIC) for AA stock is 4.37%.
- What is the 3Y average return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The 3Y average return on invested capital (ROIC) for AA stock is 2.33%.
- What is the 5Y average return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The 5Y average return on invested capital (ROIC) for AA stock is 3.07%.
- What is the 10Y average return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The 10Y average return on invested capital (ROIC) for AA stock is 4.69%.
- What is the 15Y average return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The 15Y average return on invested capital (ROIC) for AA stock is 4.43%.
- What is the 20Y average return on invested capital (ROIC) for Alcoa Corporation (AA)?
- The 20Y average return on invested capital (ROIC) for AA stock is 4.43%.
Alcoa Corporation Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 7.84% |
| 2024-12-31 | 0.90% |
| 2023-12-31 | -0.21% |
| 2022-12-31 | 0.78% |
| 2021-12-31 | 9.46% |
| 2020-12-31 | -0.35% |
| 2019-12-31 | 7.42% |
| 2018-12-31 | 10.04% |
| 2017-12-31 | 5.88% |
| 2016-12-31 | 2.76% |
| 2015-12-31 | 7.06% |
| 2014-12-31 | 5.97% |
| 2013-12-31 | 0.00% |
Related Metrics
About Alcoa Corporation
Alcoa Corporation stands as a global industrial leader, primarily focused on the production and sale of bauxite, alumina, and aluminum products. Its extensive operations span multiple continents, including North America (United States, Canada), Europe (Spain, Iceland, Norway), South America (Brazil), and Australia, along with other international markets. The company's activities are strategically divided into three principal segments: Bauxite, Alumina, and Aluminum. Alcoa initiates its process with bauxite mining. This raw material is then refined into alumina, which is subsequently sold to customers for conversion into various industrial chemical products. Additionally, the company is involved in aluminum smelting and casting, supplying primary aluminum in forms like alloy or value-added ingots. These aluminum products cater to a diverse range of industries, including transportation, building and construction, packaging, wire manufacturing, and other industrial applications. Beyond its core metals business, Alcoa also operates hydroelectric power generation facilities. These plants generate and sell electricity into the wholesale market, serving a wide array of clients, from traders and large industrial consumers to distribution companies and other power generators. Founded in 1888, the company is headquartered in Pittsburgh, Pennsylvania. It officially adopted the name Alcoa Corporation in October 2016, prior to which it was known as Alcoa Upstream Corporation.
- Sector
- Basic Materials
- Industry
- Aluminum
- CEO
- William F. Oplinger