Alcoa vs Constellium
Alcoa is the larger business, with $12.83bn of revenue in fiscal 2025 against $8.45bn for Constellium (1.5 times as much). Constellium grew faster (15.2% against 7.9%). Alcoa kept more of each dollar of sales as profit: a net margin of 9.0% against 3.2%. Alcoa carries less debt relative to equity (40.0% against 204.2%).
| Latest fiscal year | AlcoaAA, 2025 | ConstelliumCSTM, 2025 |
|---|---|---|
| Revenue | $12.83bn | $8.45bn |
| Revenue growth | 7.9% | 15.2% |
| Net income | $1.16bn | $273m |
| Operating margin | — | — |
| Net margin | 9.0% | 3.2% |
| Return on equity | 20.5% | 32.9% |
| Free cash flow | $567m | $159m |
| Cash | $1.60bn | $120m |
| Total debt | $2.45bn | $1.94bn |
| Debt to equity | 40.0% | 204.2% |
| Dividend per share | — | — |
| Dividend yield | 1.0% | — |
| Share buybacks | — | $115m |
| Employees | 14,900 | 11,500 |
| Market value | $10.51bn | $3.11bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 36 (Weak) | — |
| Insider trades, 12 months | 0 buys, 4 sales | 7 buys, 26 sales |