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Side-by-side financial comparison of Alcoa Corp (AA) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Alcoa Corp is the larger business by last-quarter revenue ($3.4B vs $3.1B, roughly 1.1× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 6.2%, a 1.4% gap on every dollar of revenue. On growth, Alcoa Corp posted the faster year-over-year revenue change (-1.1% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $294.0M). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs 1.2%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

AA vs TAP — Head-to-Head

Bigger by revenue
AA
AA
1.1× larger
AA
$3.4B
$3.1B
TAP
Growing faster (revenue YoY)
AA
AA
+2.6% gap
AA
-1.1%
-3.6%
TAP
Higher net margin
TAP
TAP
1.4% more per $
TAP
7.6%
6.2%
AA
More free cash flow
TAP
TAP
$63.8M more FCF
TAP
$357.8M
$294.0M
AA
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AA
AA
TAP
TAP
Revenue
$3.4B
$3.1B
Net Profit
$213.0M
$238.3M
Gross Margin
31.0%
Operating Margin
2.0%
10.4%
Net Margin
6.2%
7.6%
Revenue YoY
-1.1%
-3.6%
Net Profit YoY
5.4%
-17.2%
EPS (diluted)
$0.80
$1.32

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
TAP
TAP
Q4 25
$3.4B
$3.1B
Q3 25
$3.0B
$3.5B
Q2 25
$3.0B
$3.7B
Q1 25
$3.4B
$2.7B
Q4 24
$3.5B
$3.2B
Q3 24
$2.9B
$3.6B
Q2 24
$2.9B
$3.8B
Q1 24
$2.6B
$3.0B
Net Profit
AA
AA
TAP
TAP
Q4 25
$213.0M
$238.3M
Q3 25
$232.0M
$-2.9B
Q2 25
$164.0M
$428.7M
Q1 25
$548.0M
$121.0M
Q4 24
$202.0M
$287.8M
Q3 24
$90.0M
$199.8M
Q2 24
$20.0M
$427.0M
Q1 24
$-252.0M
$207.8M
Gross Margin
AA
AA
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
AA
AA
TAP
TAP
Q4 25
2.0%
10.4%
Q3 25
5.6%
-98.5%
Q2 25
5.3%
15.6%
Q1 25
19.8%
6.9%
Q4 24
9.7%
12.0%
Q3 24
6.3%
12.5%
Q2 24
3.2%
15.6%
Q1 24
-12.5%
10.3%
Net Margin
AA
AA
TAP
TAP
Q4 25
6.2%
7.6%
Q3 25
7.7%
-84.0%
Q2 25
5.4%
11.5%
Q1 25
16.3%
4.5%
Q4 24
5.8%
8.9%
Q3 24
3.1%
5.5%
Q2 24
0.7%
11.1%
Q1 24
-9.7%
6.8%
EPS (diluted)
AA
AA
TAP
TAP
Q4 25
$0.80
$1.32
Q3 25
$0.88
$-14.79
Q2 25
$0.62
$2.13
Q1 25
$2.07
$0.59
Q4 24
$1.18
$1.39
Q3 24
$0.38
$0.96
Q2 24
$0.11
$2.03
Q1 24
$-1.41
$0.97

Balance Sheet & Financial Strength

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

Metric
AA
AA
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.6B
$896.5M
Total DebtLower is stronger
$2.4B
$6.3B
Stockholders' EquityBook value
$6.1B
$10.2B
Total Assets
$16.1B
$22.7B
Debt / EquityLower = less leverage
0.40×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
TAP
TAP
Q4 25
$1.6B
$896.5M
Q3 25
$1.5B
$950.2M
Q2 25
$1.5B
$613.8M
Q1 25
$1.2B
$412.7M
Q4 24
$1.1B
$969.3M
Q3 24
$1.3B
$1.0B
Q2 24
$1.4B
$1.6B
Q1 24
$1.4B
$458.4M
Total Debt
AA
AA
TAP
TAP
Q4 25
$2.4B
$6.3B
Q3 25
$2.6B
$6.3B
Q2 25
$2.6B
$6.3B
Q1 25
$2.6B
$6.2B
Q4 24
$2.5B
$6.1B
Q3 24
$2.5B
$6.2B
Q2 24
$2.5B
$7.0B
Q1 24
$2.5B
$6.2B
Stockholders' Equity
AA
AA
TAP
TAP
Q4 25
$6.1B
$10.2B
Q3 25
$6.3B
$10.3B
Q2 25
$6.1B
$13.4B
Q1 25
$5.8B
$13.1B
Q4 24
$5.2B
$13.1B
Q3 24
$5.3B
$13.3B
Q2 24
$3.9B
$13.2B
Q1 24
$4.0B
$13.1B
Total Assets
AA
AA
TAP
TAP
Q4 25
$16.1B
$22.7B
Q3 25
$16.0B
$22.9B
Q2 25
$15.0B
$26.8B
Q1 25
$14.6B
$25.9B
Q4 24
$14.1B
$26.1B
Q3 24
$14.5B
$26.6B
Q2 24
$14.3B
$27.4B
Q1 24
$14.3B
$26.1B
Debt / Equity
AA
AA
TAP
TAP
Q4 25
0.40×
0.61×
Q3 25
0.41×
0.61×
Q2 25
0.42×
0.47×
Q1 25
0.44×
0.47×
Q4 24
0.48×
0.47×
Q3 24
0.47×
0.47×
Q2 24
0.63×
0.53×
Q1 24
0.62×
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$537.0M
$540.7M
Free Cash FlowOCF − Capex
$294.0M
$357.8M
FCF MarginFCF / Revenue
8.5%
11.4%
Capex IntensityCapex / Revenue
7.0%
5.9%
Cash ConversionOCF / Net Profit
2.52×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$567.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
TAP
TAP
Q4 25
$537.0M
$540.7M
Q3 25
$85.0M
$616.1M
Q2 25
$488.0M
$718.3M
Q1 25
$75.0M
$-90.7M
Q4 24
$415.0M
$494.5M
Q3 24
$143.0M
$521.2M
Q2 24
$287.0M
$869.2M
Q1 24
$-223.0M
$25.4M
Free Cash Flow
AA
AA
TAP
TAP
Q4 25
$294.0M
$357.8M
Q3 25
$-66.0M
$483.0M
Q2 25
$357.0M
$555.0M
Q1 25
$-18.0M
$-328.0M
Q4 24
$246.0M
$383.4M
Q3 24
$-3.0M
$350.4M
Q2 24
$123.0M
$691.7M
Q1 24
$-324.0M
$-189.3M
FCF Margin
AA
AA
TAP
TAP
Q4 25
8.5%
11.4%
Q3 25
-2.2%
13.9%
Q2 25
11.8%
14.8%
Q1 25
-0.5%
-12.2%
Q4 24
7.1%
11.8%
Q3 24
-0.1%
9.7%
Q2 24
4.2%
18.0%
Q1 24
-12.5%
-6.2%
Capex Intensity
AA
AA
TAP
TAP
Q4 25
7.0%
5.9%
Q3 25
5.0%
3.8%
Q2 25
4.3%
4.4%
Q1 25
2.8%
8.8%
Q4 24
4.8%
3.4%
Q3 24
5.0%
4.7%
Q2 24
5.6%
4.6%
Q1 24
3.9%
7.0%
Cash Conversion
AA
AA
TAP
TAP
Q4 25
2.52×
2.27×
Q3 25
0.37×
Q2 25
2.98×
1.68×
Q1 25
0.14×
-0.75×
Q4 24
2.05×
1.72×
Q3 24
1.59×
2.61×
Q2 24
14.35×
2.04×
Q1 24
0.12×

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%

TAP
TAP

Segment breakdown not available.

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