What is the current annual gross margin of AA?

As of today, AA annual gross margin is 12.23%

What is 1-year change in AA annual gross margin?

AA annual gross margin is down -0.49% year-over-year

What is 3-year change in AA annual gross margin?

AA annual gross margin is down -19.27% over the past 3 years

How far is AA annual gross margin from its all-time high?

AA annual gross margin is currently -62.65% below its historical high of 32.74% set on December 1, 1989

How does AA annual gross margin rank versus sector peers?

AA annual gross margin is higher than 32.34% of companies in Basic Materials sector

When is AA next annual earnings release?

The next annual earnings release for AA is on January 21, 2027

What is the current quarterly gross margin of AA?

As of today, AA quarterly gross margin is 19.06%

What is AA quarterly gross margin most recent change?

AA quarterly gross margin was up +13.32% on September 30, 2026

What is 1-year change in AA quarterly gross margin?

AA quarterly gross margin is up +296.26% year-over-year

How far is AA quarterly gross margin from its all-time high?

AA quarterly gross margin is currently -38.93% below its historical high of 31.21% set on March 31, 2022

How does AA quarterly gross margin rank versus sector peers?

AA quarterly gross margin is higher than 32.86% of companies in Basic Materials sector

When is AA next earnings release?

The next earnings release for AA is on January 21, 2027

AA Gross Margin History & Chart Since 1980

Annual Gross Margin

12.23%0.06%-0.49%

December 31, 2025

Summary

Current Value: As of today, AA annual gross margin is 12.23%, down -0.49% on December 31, 2025
Historical Performance: AA annual gross margin is down -19.27% over the past 3 years, up +49.88% over the past 5 years
All-Time High Comparison: AA annual gross margin is currently -62.65% below its historical high of 32.74% set on December 1, 1989
3-Year Low Comparison: AA annual gross margin is +443.56% above its 3-year low of 2.25% reached on December 31, 2023
Sector Comparison: AA annual gross margin is higher than 32.34% of companies in Basic Materials sector

Gross Margin Chart

beforeafter

Performance

AA Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	12.23%	-0.5%	-19.3%	+49.9%	+4.4%
Quarterly Gross Margin	Sep 30, 26	19.06%	+296.3%	+2196.4%	-14.3%	+55.6%
Price	Oct 30, 26	$39.19	+6.6%	+54.8%	-14.7%	+41.0%
PE Ratio	Oct 30, 26	6.76	-19.0%	–	-36.8%	-61.8%
Annual Revenue	Dec 31, 25	$13.19B	+8.3%	+3.4%	+40.7%	-37.6%
Annual Gross Profit	Dec 31, 25	$1.57B	+4.7%	-18.8%	+105.1%	-36.6%
Annual Operating Margin	Dec 31, 25	9.71%	+1.5%	-27.0%	+71.0%	+53.1%
Annual Net Margin	Dec 31, 25	8.82%	+4310.0%	+2840.0%	+5980.0%	+366.7%

Gross Margin Highs

AA Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	15.15%	N/A	-19.3%
5Y	21.08%	Dec 31, 21	-42.0%
All	32.74%	Dec 1, 89	-62.6%

Gross Margin Lows

AA Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	2.25%	Dec 31, 23	+443.6%
5Y	2.25%	Dec 31, 23	+443.6%
All	-0.08%	Dec 1, 09	>+9999.0%

Gross Margin History

Year	Value	Change
2025	12.23%	-0.5%
2024	12.29%	+446.2%
2023	2.25%	-85.1%
2022	15.15%	-28.1%
2021	21.08%	+158.3%
2020	8.16%	-28.7%
2019	11.45%	-42.5%
2018	19.93%	+16.2%
2017	17.15%	+125.7%
2016	7.60%	-39.2%
2015	12.49%	-13.0%
2014	14.35%	+40.7%
2013	10.20%	+39.2%
2012	7.33%	-41.0%
2011	12.43%	+6.1%
2010	11.71%	>+9,900.0%
2009	-0.08%	-100.6%
2008	13.14%	-26.5%
2007	17.87%	-6.1%
2006	19.03%	+34.9%
2005	14.11%	-8.4%
2004	15.40%	+4.4%
2003	14.75%	+2.8%

Year	Value	Change
2002	14.35%	-12.5%
2001	16.40%	-14.3%
2000	19.13%	+7.7%
1999	17.76%	+1.2%
1998	17.55%	-3.7%
1997	18.23%	+1.4%
1996	17.98%	-7.4%
1995	19.41%	+38.5%
1994	14.01%	+7.9%
1993	12.99%	-16.1%
1992	15.49%	-12.1%
1991	17.62%	-21.8%
1990	22.54%	-31.2%
1989	32.74%	+21.3%
1988	27.00%	+21.7%
1987	22.18%	+27.7%
1986	17.37%	+20.5%
1985	14.42%	-16.3%
1984	17.22%	+22.3%
1983	14.08%	+83.3%
1982	7.68%	-53.0%
1981	16.35%	-22.4%
1980	21.08%	-

FAQ

What is the current annual gross margin of AA?: As of today, AA annual gross margin is 12.23%
What is 1-year change in AA annual gross margin?: AA annual gross margin is down -0.49% year-over-year
What is 3-year change in AA annual gross margin?: AA annual gross margin is down -19.27% over the past 3 years
How far is AA annual gross margin from its all-time high?: AA annual gross margin is currently -62.65% below its historical high of 32.74% set on December 1, 1989
How does AA annual gross margin rank versus sector peers?: AA annual gross margin is higher than 32.34% of companies in Basic Materials sector
When is AA next annual earnings release?: The next annual earnings release for AA is on January 21, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

19.06%2.24%+13.32%

September 30, 2026

Summary

Current Value: As of today, AA quarterly gross margin is 19.06%, up +13.32% on September 30, 2026
Historical Performance: AA quarterly gross margin is up +296.26% year-over-year, up +2196.39% over the past 3 years
All-Time High Comparison: AA quarterly gross margin is currently -38.93% below its historical high of 31.21% set on March 31, 2022
3-Year Low Comparison: AA quarterly gross margin is +6048.39% above its 3-year low of 0.31% reached on December 31, 2023
Sector Comparison: AA quarterly gross margin is higher than 32.86% of companies in Basic Materials sector

Performance

AA Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	19.06%	+13.3%	+296.3%	+2196.4%	-14.3%
Annual Gross Margin	Dec 31, 25	12.23%	–	-0.5%	-19.3%	+49.9%
Price	Oct 30, 26	$39.19	-12.8%	+6.6%	+54.8%	-14.7%
PE Ratio	Oct 30, 26	6.76	-26.7%	-19.0%	–	-36.8%
Quarterly Revenue	Sep 30, 26	$3.70B	-2.1%	+27.3%	+39.6%	+16.1%
Quarterly Gross Profit	Sep 30, 26	$706.00M	+11.0%	+404.3%	+3109.1%	-0.6%
Quarterly Operating Margin	Sep 30, 26	16.23%	+17.1%	+827.4%	+1101.8%	-20.2%
Quarterly Net Margin	Sep 30, 26	13.01%	+20.4%	+73.7%	+278.9%	+12.2%

Quarterly Gross Margin Highs

AA Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	19.90%	Dec 31, 25	-4.2%
3Y	27.76%	Dec 31, 24	-31.3%
5Y	31.21%	Mar 31, 22	-38.9%
All	31.21%	Mar 31, 22	-38.9%

Quarterly Gross Margin Lows

AA Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	4.81%	N/A	+296.3%
3Y	0.31%	Dec 31, 23	+6048.4%
5Y	-1.59%	Dec 31, 22	+1298.7%
All	-4.85%	Dec 1, 09	+493.0%

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	19.06%	+13.3%
Jun 2026	16.82%	+36.3%
Mar 2026	12.34%	-38.0%
Dec 2025	19.90%	+313.7%
Sep 2025	4.81%	-33.6%
Jun 2025	7.24%	-69.6%
Mar 2025	23.85%	-14.1%
Dec 2024	27.76%	+123.9%
Sep 2024	12.40%	+67.1%
Jun 2024	7.42%	+126.2%
Mar 2024	3.28%	+958.1%
Dec 2023	0.31%	-62.7%
Sep 2023	0.83%	-56.5%
Jun 2023	1.91%	-67.1%
Mar 2023	5.81%	+465.4%
Dec 2022	-1.59%	-166.5%
Sep 2022	2.39%	-89.3%
Jun 2022	22.40%	-28.2%
Mar 2022	31.21%	+21.1%
Dec 2021	25.78%	+15.9%
Sep 2021	22.25%	+11.0%
Jun 2021	20.05%	+31.1%
Mar 2021	15.29%	+29.7%
Dec 2020	11.79%	+45.9%
Sep 2020	8.08%	+128.9%
Jun 2020	3.53%	-59.6%
Mar 2020	8.74%	+0.1%
Dec 2019	8.73%	-17.2%
Sep 2019	10.54%	-19.7%
Jun 2019	13.13%	+0.4%
Mar 2019	13.08%	-34.3%
Dec 2018	19.92%	-9.8%
Sep 2018	22.08%	+20.7%
Jun 2018	18.30%	-6.1%
Mar 2018	19.48%	-8.5%
Dec 2017	21.30%	+40.3%
Sep 2017	15.18%	+7.3%
Jun 2017	14.15%	-19.5%
Mar 2017	17.58%	+86.4%
Dec 2016	9.43%	+19.5%
Sep 2016	7.89%	-10.1%
Jun 2016	8.78%	+122.3%
Mar 2016	3.95%	-61.4%
Dec 2015	10.23%	-17.6%
Sep 2015	12.41%	-20.0%
Jun 2015	15.51%	-13.7%
Mar 2015	17.97%	+10.7%
Dec 2014	16.24%	+2.1%
Sep 2014	15.90%	+29.2%
Jun 2014	12.31%	+7.0%
Mar 2014	11.51%	+20.5%
Dec 2013	9.55%	-11.7%
Sep 2013	10.81%	+14.9%
Jun 2013	9.41%	-13.4%
Mar 2013	10.87%	+16.4%
Dec 2012	9.34%	+193.7%
Sep 2012	3.18%	-58.2%
Jun 2012	7.60%	-16.6%

Month	Value	Change
Mar 2012	9.11%	+37.4%
Dec 2011	6.63%	-45.9%
Sep 2011	12.25%	-19.3%
Jun 2011	15.18%	-1.3%
Mar 2011	15.38%	+18.3%
Dec 2010	13.00%	+55.1%
Sep 2010	8.38%	-43.4%
Jun 2010	14.80%	+40.6%
Mar 2010	10.53%	+317.1%
Dec 2009	-4.85%	-145.5%
Sep 2009	10.67%	+416.6%
Jun 2009	-3.37%	-8.7%
Mar 2009	-3.10%	-206.5%
Dec 2008	2.91%	-78.7%
Sep 2008	13.67%	-14.0%
Jun 2008	15.89%	+1.0%
Mar 2008	15.73%	+25.6%
Dec 2007	12.52%	-18.8%
Sep 2007	15.42%	-20.8%
Jun 2007	19.48%	-3.5%
Mar 2007	20.19%	+14.5%
Dec 2006	17.64%	+4.3%
Sep 2006	16.92%	-19.8%
Jun 2006	21.11%	+3.5%
Mar 2006	20.39%	+50.9%
Dec 2005	13.51%	+5.6%
Sep 2005	12.79%	-11.9%
Jun 2005	14.51%	-7.5%
Mar 2005	15.69%	+11.4%
Dec 2004	14.09%	-4.7%
Sep 2004	14.78%	-8.3%
Jun 2004	16.12%	-3.9%
Mar 2004	16.77%	+18.2%
Dec 2003	14.19%	-7.3%
Sep 2003	15.30%	+3.1%
Jun 2003	14.84%	+0.6%
Mar 2003	14.75%	-38.8%
Dec 2002	24.11%	+64.1%
Sep 2002	14.69%	-1.2%
Jun 2002	14.87%	+9.3%
Mar 2002	13.61%	+26.4%
Dec 2001	10.77%	-39.0%
Sep 2001	17.67%	-1.5%
Jun 2001	17.94%	-3.0%
Mar 2001	18.49%	-0.8%
Dec 2000	18.63%	+2.4%
Sep 2000	18.20%	-4.5%
Jun 2000	19.05%	-11.1%
Mar 2000	21.43%	+1.1%
Dec 1999	21.19%	+21.2%
Sep 1999	17.49%	+5.0%
Jun 1999	16.65%	+4.4%
Mar 1999	15.95%	-8.5%
Dec 1998	17.44%	+48.4%
Sep 1998	11.75%	-34.2%
Jun 1998	17.87%	-4.1%
Mar 1998	18.64%	-

FAQ

What is the current quarterly gross margin of AA?: As of today, AA quarterly gross margin is 19.06%
What is AA quarterly gross margin most recent change?: AA quarterly gross margin was up +13.32% on September 30, 2026
What is 1-year change in AA quarterly gross margin?: AA quarterly gross margin is up +296.26% year-over-year
How far is AA quarterly gross margin from its all-time high?: AA quarterly gross margin is currently -38.93% below its historical high of 31.21% set on March 31, 2022
How does AA quarterly gross margin rank versus sector peers?: AA quarterly gross margin is higher than 32.86% of companies in Basic Materials sector
When is AA next earnings release?: The next earnings release for AA is on January 21, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

AA Official Website www.alcoa.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1675149/000119312526019438/0001193125-26-019438-index.htm
AA Profile on Yahoo Finance finance.yahoo.com/quote/AA
AA Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/aa