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

Alcoa Corp is the larger business by last-quarter revenue ($3.4B vs $3.4B, roughly 1.0× Eversource Energy). Eversource Energy runs the higher net margin — 12.6% vs 6.2%, a 6.4% gap on every dollar of revenue. On growth, Eversource Energy posted the faster year-over-year revenue change (13.4% vs -1.1%). Alcoa Corp produced more free cash flow last quarter ($294.0M vs $-67.3M). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs 0.6%).

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.

Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Springfield, Massachusetts with additional corporate offices in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire.

AA vs ES — Head-to-Head

Bigger by revenue
AA
AA
1.0× larger
AA
$3.4B
$3.4B
ES
Growing faster (revenue YoY)
ES
ES
+14.5% gap
ES
13.4%
-1.1%
AA
Higher net margin
ES
ES
6.4% more per $
ES
12.6%
6.2%
AA
More free cash flow
AA
AA
$361.3M more FCF
AA
$294.0M
$-67.3M
ES
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
0.6%
ES

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AA
AA
ES
ES
Revenue
$3.4B
$3.4B
Net Profit
$213.0M
$423.2M
Gross Margin
Operating Margin
2.0%
21.1%
Net Margin
6.2%
12.6%
Revenue YoY
-1.1%
13.4%
Net Profit YoY
5.4%
468.8%
EPS (diluted)
$0.80
$1.11

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
ES
ES
Q4 25
$3.4B
$3.4B
Q3 25
$3.0B
$3.2B
Q2 25
$3.0B
$2.8B
Q1 25
$3.4B
$4.1B
Q4 24
$3.5B
$3.0B
Q3 24
$2.9B
$3.1B
Q2 24
$2.9B
$2.5B
Q1 24
$2.6B
$3.3B
Net Profit
AA
AA
ES
ES
Q4 25
$213.0M
$423.2M
Q3 25
$232.0M
$369.4M
Q2 25
$164.0M
$354.6M
Q1 25
$548.0M
$552.7M
Q4 24
$202.0M
$74.4M
Q3 24
$90.0M
$-116.2M
Q2 24
$20.0M
$337.2M
Q1 24
$-252.0M
$523.7M
Operating Margin
AA
AA
ES
ES
Q4 25
2.0%
21.1%
Q3 25
5.6%
21.4%
Q2 25
5.3%
23.4%
Q1 25
19.8%
22.5%
Q4 24
9.7%
11.7%
Q3 24
6.3%
20.0%
Q2 24
3.2%
23.8%
Q1 24
-12.5%
25.4%
Net Margin
AA
AA
ES
ES
Q4 25
6.2%
12.6%
Q3 25
7.7%
11.5%
Q2 25
5.4%
12.5%
Q1 25
16.3%
13.4%
Q4 24
5.8%
2.5%
Q3 24
3.1%
-3.8%
Q2 24
0.7%
13.3%
Q1 24
-9.7%
15.7%
EPS (diluted)
AA
AA
ES
ES
Q4 25
$0.80
$1.11
Q3 25
$0.88
$0.99
Q2 25
$0.62
$0.96
Q1 25
$2.07
$1.50
Q4 24
$1.18
$0.16
Q3 24
$0.38
$-0.33
Q2 24
$0.11
$0.95
Q1 24
$-1.41
$1.49

Balance Sheet & Financial Strength

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

Metric
AA
AA
ES
ES
Cash + ST InvestmentsLiquidity on hand
$1.6B
$135.4M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$6.1B
$16.2B
Total Assets
$16.1B
$63.8B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
ES
ES
Q4 25
$1.6B
$135.4M
Q3 25
$1.5B
$259.3M
Q2 25
$1.5B
$343.7M
Q1 25
$1.2B
$111.4M
Q4 24
$1.1B
$26.7M
Q3 24
$1.3B
$97.9M
Q2 24
$1.4B
Q1 24
$1.4B
Total Debt
AA
AA
ES
ES
Q4 25
$2.4B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AA
AA
ES
ES
Q4 25
$6.1B
$16.2B
Q3 25
$6.3B
$16.0B
Q2 25
$6.1B
$15.7B
Q1 25
$5.8B
$15.3B
Q4 24
$5.2B
$15.0B
Q3 24
$5.3B
$15.0B
Q2 24
$3.9B
$14.8B
Q1 24
$4.0B
$14.5B
Total Assets
AA
AA
ES
ES
Q4 25
$16.1B
$63.8B
Q3 25
$16.0B
$61.7B
Q2 25
$15.0B
$61.0B
Q1 25
$14.6B
$60.2B
Q4 24
$14.1B
$59.6B
Q3 24
$14.5B
$58.6B
Q2 24
$14.3B
$58.4B
Q1 24
$14.3B
$57.3B
Debt / Equity
AA
AA
ES
ES
Q4 25
0.40×
Q3 25
0.41×
Q2 25
0.42×
Q1 25
0.44×
Q4 24
0.48×
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
ES
ES
Operating Cash FlowLast quarter
$537.0M
$916.1M
Free Cash FlowOCF − Capex
$294.0M
$-67.3M
FCF MarginFCF / Revenue
8.5%
-2.0%
Capex IntensityCapex / Revenue
7.0%
29.2%
Cash ConversionOCF / Net Profit
2.52×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$567.0M
$-45.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
ES
ES
Q4 25
$537.0M
$916.1M
Q3 25
$85.0M
$1.1B
Q2 25
$488.0M
$1.1B
Q1 25
$75.0M
$1.0B
Q4 24
$415.0M
$642.1M
Q3 24
$143.0M
$555.6M
Q2 24
$287.0M
$670.7M
Q1 24
$-223.0M
$291.3M
Free Cash Flow
AA
AA
ES
ES
Q4 25
$294.0M
$-67.3M
Q3 25
$-66.0M
$-26.3M
Q2 25
$357.0M
$15.3M
Q1 25
$-18.0M
$33.2M
Q4 24
$246.0M
$-546.5M
Q3 24
$-3.0M
$-515.4M
Q2 24
$123.0M
$-400.8M
Q1 24
$-324.0M
$-858.1M
FCF Margin
AA
AA
ES
ES
Q4 25
8.5%
-2.0%
Q3 25
-2.2%
-0.8%
Q2 25
11.8%
0.5%
Q1 25
-0.5%
0.8%
Q4 24
7.1%
-18.4%
Q3 24
-0.1%
-16.8%
Q2 24
4.2%
-15.8%
Q1 24
-12.5%
-25.7%
Capex Intensity
AA
AA
ES
ES
Q4 25
7.0%
29.2%
Q3 25
5.0%
35.0%
Q2 25
4.3%
36.7%
Q1 25
2.8%
24.5%
Q4 24
4.8%
40.0%
Q3 24
5.0%
35.0%
Q2 24
5.6%
42.3%
Q1 24
3.9%
34.5%
Cash Conversion
AA
AA
ES
ES
Q4 25
2.52×
2.16×
Q3 25
0.37×
2.98×
Q2 25
2.98×
2.98×
Q1 25
0.14×
1.88×
Q4 24
2.05×
8.63×
Q3 24
1.59×
Q2 24
14.35×
1.99×
Q1 24
0.56×

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%

ES
ES

Residential$1.2B35%
Commercial$789.0M23%
Eversource Electric Transmission$573.8M17%
Wholesale Transmission Revenue$570.0M17%
Industrial$102.6M3%
Water Distribution Segment$58.4M2%
Eversource Water$56.3M2%
Other Revenue Adjustmentsfrom Contractswith Customers$25.9M1%

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