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

Altria is the larger business by last-quarter revenue ($5.4B vs $3.4B, roughly 1.6× Alcoa Corp). Altria runs the higher net margin — 40.2% vs 6.2%, a 34.0% gap on every dollar of revenue. On growth, Altria posted the faster year-over-year revenue change (3.2% vs -1.1%). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs -6.5%).

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.

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. It sells its tobacco products primarily to wholesalers, including distributors; and large retai...

AA vs MO — Head-to-Head

Bigger by revenue
MO
MO
1.6× larger
MO
$5.4B
$3.4B
AA
Growing faster (revenue YoY)
MO
MO
+4.3% gap
MO
3.2%
-1.1%
AA
Higher net margin
MO
MO
34.0% more per $
MO
40.2%
6.2%
AA
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
-6.5%
MO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AA
AA
MO
MO
Revenue
$3.4B
$5.4B
Net Profit
$213.0M
$2.2B
Gross Margin
64.6%
Operating Margin
2.0%
54.5%
Net Margin
6.2%
40.2%
Revenue YoY
-1.1%
3.2%
Net Profit YoY
5.4%
EPS (diluted)
$0.80
$1.30

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
MO
MO
Q1 26
$5.4B
Q4 25
$3.4B
$5.8B
Q3 25
$3.0B
$6.1B
Q2 25
$3.0B
$6.1B
Q1 25
$3.4B
$5.3B
Q4 24
$3.5B
$6.0B
Q3 24
$2.9B
$6.3B
Q2 24
$2.9B
$6.2B
Net Profit
AA
AA
MO
MO
Q1 26
$2.2B
Q4 25
$213.0M
$1.1B
Q3 25
$232.0M
$2.4B
Q2 25
$164.0M
$2.4B
Q1 25
$548.0M
$1.1B
Q4 24
$202.0M
$3.0B
Q3 24
$90.0M
$2.3B
Q2 24
$20.0M
$3.8B
Gross Margin
AA
AA
MO
MO
Q1 26
64.6%
Q4 25
62.1%
Q3 25
62.8%
Q2 25
63.1%
Q1 25
61.8%
Q4 24
60.3%
Q3 24
60.8%
Q2 24
59.2%
Operating Margin
AA
AA
MO
MO
Q1 26
54.5%
Q4 25
2.0%
28.2%
Q3 25
5.6%
53.2%
Q2 25
5.3%
52.9%
Q1 25
19.8%
34.0%
Q4 24
9.7%
48.2%
Q3 24
6.3%
50.4%
Q2 24
3.2%
40.8%
Net Margin
AA
AA
MO
MO
Q1 26
40.2%
Q4 25
6.2%
19.1%
Q3 25
7.7%
39.1%
Q2 25
5.4%
39.0%
Q1 25
16.3%
20.5%
Q4 24
5.8%
50.9%
Q3 24
3.1%
36.6%
Q2 24
0.7%
61.2%
EPS (diluted)
AA
AA
MO
MO
Q1 26
$1.30
Q4 25
$0.80
$0.67
Q3 25
$0.88
$1.41
Q2 25
$0.62
$1.41
Q1 25
$2.07
$0.63
Q4 24
$1.18
$1.78
Q3 24
$0.38
$1.34
Q2 24
$0.11
$2.21

Balance Sheet & Financial Strength

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

Metric
AA
AA
MO
MO
Cash + ST InvestmentsLiquidity on hand
$1.6B
$3.5B
Total DebtLower is stronger
$2.4B
$24.6B
Stockholders' EquityBook value
$6.1B
Total Assets
$16.1B
$34.6B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
MO
MO
Q1 26
$3.5B
Q4 25
$1.6B
$4.5B
Q3 25
$1.5B
$3.5B
Q2 25
$1.5B
$1.3B
Q1 25
$1.2B
$4.7B
Q4 24
$1.1B
$3.1B
Q3 24
$1.3B
$1.9B
Q2 24
$1.4B
$1.8B
Total Debt
AA
AA
MO
MO
Q1 26
$24.6B
Q4 25
$2.4B
$25.7B
Q3 25
$2.6B
$25.7B
Q2 25
$2.6B
$24.7B
Q1 25
$2.6B
$26.1B
Q4 24
$2.5B
$24.9B
Q3 24
$2.5B
$25.2B
Q2 24
$2.5B
$25.0B
Stockholders' Equity
AA
AA
MO
MO
Q1 26
Q4 25
$6.1B
$-3.5B
Q3 25
$6.3B
$-2.6B
Q2 25
$6.1B
$-3.3B
Q1 25
$5.8B
$-3.5B
Q4 24
$5.2B
$-2.2B
Q3 24
$5.3B
$-3.5B
Q2 24
$3.9B
$-3.0B
Total Assets
AA
AA
MO
MO
Q1 26
$34.6B
Q4 25
$16.1B
$35.0B
Q3 25
$16.0B
$35.0B
Q2 25
$15.0B
$32.3B
Q1 25
$14.6B
$35.8B
Q4 24
$14.1B
$35.2B
Q3 24
$14.5B
$34.2B
Q2 24
$14.3B
$34.4B
Debt / Equity
AA
AA
MO
MO
Q1 26
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×

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
MO
MO
Operating Cash FlowLast quarter
$537.0M
Free Cash FlowOCF − Capex
$294.0M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$567.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
MO
MO
Q1 26
Q4 25
$537.0M
$3.3B
Q3 25
$85.0M
$3.1B
Q2 25
$488.0M
$205.0M
Q1 25
$75.0M
$2.7B
Q4 24
$415.0M
$3.3B
Q3 24
$143.0M
$2.6B
Q2 24
$287.0M
$-75.0M
Free Cash Flow
AA
AA
MO
MO
Q1 26
Q4 25
$294.0M
$3.2B
Q3 25
$-66.0M
$3.0B
Q2 25
$357.0M
$173.0M
Q1 25
$-18.0M
$2.7B
Q4 24
$246.0M
$3.3B
Q3 24
$-3.0M
$2.6B
Q2 24
$123.0M
$-104.0M
FCF Margin
AA
AA
MO
MO
Q1 26
Q4 25
8.5%
54.4%
Q3 25
-2.2%
50.1%
Q2 25
11.8%
2.8%
Q1 25
-0.5%
51.0%
Q4 24
7.1%
55.1%
Q3 24
-0.1%
41.2%
Q2 24
4.2%
-1.7%
Capex Intensity
AA
AA
MO
MO
Q1 26
Q4 25
7.0%
1.6%
Q3 25
5.0%
0.9%
Q2 25
4.3%
0.5%
Q1 25
2.8%
0.7%
Q4 24
4.8%
0.8%
Q3 24
5.0%
0.5%
Q2 24
5.6%
0.5%
Cash Conversion
AA
AA
MO
MO
Q1 26
Q4 25
2.52×
2.93×
Q3 25
0.37×
1.30×
Q2 25
2.98×
0.09×
Q1 25
0.14×
2.53×
Q4 24
2.05×
1.10×
Q3 24
1.59×
1.14×
Q2 24
14.35×
-0.02×

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%

MO
MO

Segment breakdown not available.

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