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Side-by-side financial comparison of Alcoa Corp (AA) and HF Sinclair Corp (DINO). Click either name above to swap in a different company.

HF Sinclair Corp is the larger business by last-quarter revenue ($6.5B vs $3.4B, roughly 1.9× Alcoa Corp). Alcoa Corp runs the higher net margin — 6.2% vs -0.4%, a 6.6% gap on every dollar of revenue. On growth, HF Sinclair Corp posted the faster year-over-year revenue change (-0.6% vs -1.1%). Alcoa Corp produced more free cash flow last quarter ($294.0M vs $-123.0M). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs -4.1%).

Alcoa Corporation is an American industrial corporation that produces aluminum. According to industry rankings, it is among the largest producers globally. The company operates in 10 countries and is involved in mining, refining, smelting, fabricating, and recycling aluminum products.

HF Sinclair Corporation is an American energy company that manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt, among others. It is based in Dallas, Texas, United States.

AA vs DINO — Head-to-Head

Bigger by revenue
DINO
DINO
1.9× larger
DINO
$6.5B
$3.4B
AA
Growing faster (revenue YoY)
DINO
DINO
+0.5% gap
DINO
-0.6%
-1.1%
AA
Higher net margin
AA
AA
6.6% more per $
AA
6.2%
-0.4%
DINO
More free cash flow
AA
AA
$417.0M more FCF
AA
$294.0M
$-123.0M
DINO
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
-4.1%
DINO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AA
AA
DINO
DINO
Revenue
$3.4B
$6.5B
Net Profit
$213.0M
$-28.0M
Gross Margin
Operating Margin
2.0%
0.1%
Net Margin
6.2%
-0.4%
Revenue YoY
-1.1%
-0.6%
Net Profit YoY
5.4%
86.9%
EPS (diluted)
$0.80
$-0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AA
AA
DINO
DINO
Q4 25
$3.4B
$6.5B
Q3 25
$3.0B
$7.3B
Q2 25
$3.0B
$6.8B
Q1 25
$3.4B
$6.4B
Q4 24
$3.5B
$6.5B
Q3 24
$2.9B
$7.2B
Q2 24
$2.9B
$7.8B
Q1 24
$2.6B
$7.0B
Net Profit
AA
AA
DINO
DINO
Q4 25
$213.0M
$-28.0M
Q3 25
$232.0M
$403.0M
Q2 25
$164.0M
$208.0M
Q1 25
$548.0M
$-4.0M
Q4 24
$202.0M
$-213.5M
Q3 24
$90.0M
$-75.9M
Q2 24
$20.0M
$151.8M
Q1 24
$-252.0M
$314.7M
Gross Margin
AA
AA
DINO
DINO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
15.7%
Operating Margin
AA
AA
DINO
DINO
Q4 25
2.0%
0.1%
Q3 25
5.6%
7.8%
Q2 25
5.3%
4.1%
Q1 25
19.8%
1.3%
Q4 24
9.7%
-3.5%
Q3 24
6.3%
-1.7%
Q2 24
3.2%
2.5%
Q1 24
-12.5%
5.8%
Net Margin
AA
AA
DINO
DINO
Q4 25
6.2%
-0.4%
Q3 25
7.7%
5.6%
Q2 25
5.4%
3.1%
Q1 25
16.3%
-0.1%
Q4 24
5.8%
-3.3%
Q3 24
3.1%
-1.1%
Q2 24
0.7%
1.9%
Q1 24
-9.7%
4.5%
EPS (diluted)
AA
AA
DINO
DINO
Q4 25
$0.80
$-0.15
Q3 25
$0.88
$2.15
Q2 25
$0.62
$1.10
Q1 25
$2.07
$-0.02
Q4 24
$1.18
$-1.05
Q3 24
$0.38
$-0.40
Q2 24
$0.11
$0.79
Q1 24
$-1.41
$1.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AA
AA
DINO
DINO
Cash + ST InvestmentsLiquidity on hand
$1.6B
$978.0M
Total DebtLower is stronger
$2.4B
$2.8B
Stockholders' EquityBook value
$6.1B
$9.2B
Total Assets
$16.1B
$16.5B
Debt / EquityLower = less leverage
0.40×
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
DINO
DINO
Q4 25
$1.6B
$978.0M
Q3 25
$1.5B
$1.5B
Q2 25
$1.5B
$874.0M
Q1 25
$1.2B
$547.0M
Q4 24
$1.1B
$800.0M
Q3 24
$1.3B
$1.2B
Q2 24
$1.4B
$866.3M
Q1 24
$1.4B
$1.2B
Total Debt
AA
AA
DINO
DINO
Q4 25
$2.4B
$2.8B
Q3 25
$2.6B
$2.8B
Q2 25
$2.6B
$2.7B
Q1 25
$2.6B
$2.7B
Q4 24
$2.5B
$2.6B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AA
AA
DINO
DINO
Q4 25
$6.1B
$9.2B
Q3 25
$6.3B
$9.4B
Q2 25
$6.1B
$9.3B
Q1 25
$5.8B
$9.2B
Q4 24
$5.2B
$9.3B
Q3 24
$5.3B
$9.6B
Q2 24
$3.9B
$9.9B
Q1 24
$4.0B
$10.2B
Total Assets
AA
AA
DINO
DINO
Q4 25
$16.1B
$16.5B
Q3 25
$16.0B
$17.3B
Q2 25
$15.0B
$16.8B
Q1 25
$14.6B
$16.5B
Q4 24
$14.1B
$16.6B
Q3 24
$14.5B
$16.9B
Q2 24
$14.3B
$17.4B
Q1 24
$14.3B
$17.9B
Debt / Equity
AA
AA
DINO
DINO
Q4 25
0.40×
0.30×
Q3 25
0.41×
0.29×
Q2 25
0.42×
0.29×
Q1 25
0.44×
0.29×
Q4 24
0.48×
0.29×
Q3 24
0.47×
Q2 24
0.63×
Q1 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AA
AA
DINO
DINO
Operating Cash FlowLast quarter
$537.0M
$8.0M
Free Cash FlowOCF − Capex
$294.0M
$-123.0M
FCF MarginFCF / Revenue
8.5%
-1.9%
Capex IntensityCapex / Revenue
7.0%
2.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$567.0M
$866.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
DINO
DINO
Q4 25
$537.0M
$8.0M
Q3 25
$85.0M
$809.0M
Q2 25
$488.0M
$587.0M
Q1 25
$75.0M
$-89.0M
Q4 24
$415.0M
$-140.4M
Q3 24
$143.0M
$707.6M
Q2 24
$287.0M
$225.9M
Q1 24
$-223.0M
$316.9M
Free Cash Flow
AA
AA
DINO
DINO
Q4 25
$294.0M
$-123.0M
Q3 25
$-66.0M
$688.0M
Q2 25
$357.0M
$476.0M
Q1 25
$-18.0M
$-175.0M
Q4 24
$246.0M
$-313.5M
Q3 24
$-3.0M
$584.0M
Q2 24
$123.0M
$141.7M
Q1 24
$-324.0M
$227.8M
FCF Margin
AA
AA
DINO
DINO
Q4 25
8.5%
-1.9%
Q3 25
-2.2%
9.5%
Q2 25
11.8%
7.0%
Q1 25
-0.5%
-2.7%
Q4 24
7.1%
-4.8%
Q3 24
-0.1%
8.1%
Q2 24
4.2%
1.8%
Q1 24
-12.5%
3.2%
Capex Intensity
AA
AA
DINO
DINO
Q4 25
7.0%
2.0%
Q3 25
5.0%
1.7%
Q2 25
4.3%
1.6%
Q1 25
2.8%
1.4%
Q4 24
4.8%
2.7%
Q3 24
5.0%
1.7%
Q2 24
5.6%
1.1%
Q1 24
3.9%
1.3%
Cash Conversion
AA
AA
DINO
DINO
Q4 25
2.52×
Q3 25
0.37×
2.01×
Q2 25
2.98×
2.82×
Q1 25
0.14×
Q4 24
2.05×
Q3 24
1.59×
Q2 24
14.35×
1.49×
Q1 24
1.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AA
AA

Aluminum$2.5B72%
Third Party Sales$979.0M28%

DINO
DINO

Transportation Fuels$5.0B77%
Lubricants And Specialties Segment$586.0M9%
Lubricants And Specialty Products$531.0M8%
Crude Oil$213.0M3%
Renewables Segment$163.0M3%
Midstream Segment$35.0M1%
Transportation And Logistic Services$34.0M1%

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