Laser-induced breakdown spectroscopy (LIBS) is a powerful method for non-invasive elemental composition monitoring which can be applied for processing graded metal alloys, provided that challenges with reliable and rapid spectral data processing are overcome to enable composition analysis in real-time. In this study, we describe an integrated experimental-computational methodology for analyzing LIBS spectra data obtained from graded composition metal alloy surfaces with a mean rate of composition analysis up to 15.7 Hz. The accuracy and speed of this method was assessed via analysis of a graded AlCu film prepared by magnetron sputtering representing a gradient alloy processed by additive manufacturing. Using a pulsed femtosecond laser and gated sCMOS detector, a series of LIBS measurements were taken across the composition gradient of an AlCu sputtered alloy. Energy Dispersive Spectroscopy (EDS) was used both to calibrate composition measurements and quantify the error of the LIBS-based rapid analysis method demonstrated in this paper, which yielded a mean percent error relative to the EDS data in the composition measurement along the gradient as low as 1.4 % when optimized for the cumulative number of probe laser pulses on a single measurement spot. The femtosecond probe pulse method described in this paper allows for the alloy composition to be accurately measured in hundredths of a second, potentially allowing for real-time composition monitoring in gradient alloy processing, including thin film sputtering, additive manufacturing, and other rapid processing technologies for graded metal alloys.