NASDAQ : KALU
Kaiser Aluminum Corporation — Financial statements
Materials · Aluminum · United States
Last price 119.83 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.94B
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Financial statements
Kaiser Aluminum Corporation (KALU) reported revenue of 4.51B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.51B | 3.37B | 3.02B | 3.09B | 3.43B | 2.62B |
| Cost of Revenue | 3.91B | 2.93B | 2.67B | 2.73B | 3.18B | 2.35B |
| Gross Profit | 601.70M | 442.40M | 357.40M | 358.80M | 247.70M | 273.90M |
| Selling, General & Admin | 139.50M | 134.30M | 125.10M | 131.10M | 116.50M | 122.90M |
| Other Operating Expenses | 100.00K | |||||
| Operating Expenses | 258.30M | 256.80M | 241.50M | 239.70M | 223.50M | 214.40M |
| Operating Income | 343.40M | 185.60M | 115.90M | 119.10M | 24.20M | 59.50M |
| Interest Expense | -57.10M | -50.10M | -43.70M | -46.90M | -48.30M | -49.50M |
| Interest & Investment Income | 1.00M | 800.00K | 3.60M | 1.70M | 1.30M | 200.00K |
| Other Non Operating Income (Expenses) | 200.00K | 300.00K | -200.00K | -300.00K | 5.90M | 600.00K |
| EBT Excluding Unusual Items | 287.50M | 136.60M | 75.60M | 73.60M | -16.90M | 10.80M |
| Merger & Restructuring Charges | -1.90M | -7.60M | -5.00M | -2.20M | 800.00K | |
| Impairment of Goodwill | -20.50M | |||||
| Gain (Loss) on Sale of Investments | 500.00K | 300.00K | 600.00K | -1.20M | -200.00K | |
| Gain (Loss) on Sale of Assets | 7.50M | 10.30M | 3.80M | 13.80M | 6.00M | 500.00K |
| Asset Writedown | -500.00K | -400.00K | -3.10M | |||
| Other Unusual Items | -2.10M | -2.10M | -35.90M | |||
| Pretax Income | 292.40M | 150.00M | 88.00M | 83.00M | -37.90M | -24.00M |
| Income Tax Expense | 73.90M | 37.50M | 22.30M | 15.20M | -8.30M | -5.50M |
| Net Income | 218.50M | 112.50M | 65.70M | 67.80M | -29.60M | -18.50M |
| Preferred Dividends & Other Adjustments | -100.00K | |||||
| Net Income to Common | 218.50M | 112.50M | 65.70M | 67.90M | -29.60M | -18.50M |
| Shares Outstanding (Basic) | 16.29M | 16.17M | 16.07M | 15.99M | 15.91M | 15.84M |
| Shares Outstanding (Diluted) | 16.91M | 16.62M | 16.32M | 16.13M | 15.91M | 15.84M |
| EPS (Basic) | 13.42 | 6.96 | 4.09 | 4.25 | -1.86 | -1.17 |
| EPS (Diluted) | 12.93 | 6.77 | 4.02 | 4.21 | -1.86 | -1.17 |
| Free Cash Flow | 124.80M | -25.50M | -13.70M | 68.70M | -205.60M | 21.40M |
| Free Cash Flow Per Share | 7.38 | -1.53 | -0.84 | 4.26 | -12.93 | 1.35 |
| Dividend Per Share | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 2.93 |
| Gross Margin | 13.35% | 13.12% | 11.82% | 11.62% | 7.23% | 10.45% |
| Operating Margin | 7.62% | 5.50% | 3.83% | 3.86% | 0.71% | 2.27% |
| Profit Margin | 4.85% | 3.33% | 2.17% | 2.20% | -0.86% | -0.71% |
| Free Cash Flow Margin | 2.77% | -0.76% | -0.45% | 2.23% | -6.00% | 0.82% |
| EBITDA | 462.20M | 308.10M | 232.30M | 227.70M | 131.10M | 151.00M |
| EBITDA Margin | 10.26% | 9.13% | 7.68% | 7.38% | 3.82% | 5.76% |
| D&A For EBITDA | 118.80M | 122.50M | 116.40M | 108.60M | 106.90M | 91.50M |
| EBIT | 343.40M | 185.60M | 115.90M | 119.10M | 24.20M | 59.50M |
| EBIT Margin | 7.62% | 5.50% | 3.83% | 3.86% | 0.71% | 2.27% |
| Effective Tax Rate | 25.27% | 25.00% | 25.34% | 18.31% | ||
| Advertising Expenses | 300.00K | 400.00K | 100.00K | 100.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 117.30M | 7.00M | 18.40M | 82.40M | 57.40M | 303.20M |
| Cash & Short-Term Investments | 117.30M | 7.00M | 18.40M | 82.40M | 57.40M | 303.20M |
| Accounts Receivable | 605.50M | 458.60M | 393.10M | 383.70M | 355.80M | 395.90M |
| Other Receivables | 28.10M | 22.20M | 12.40M | 73.50M | 53.00M | |
| Receivables | 605.50M | 486.70M | 415.30M | 396.10M | 429.30M | 448.90M |
| Inventory | 847.90M | 725.20M | 601.90M | 477.20M | 525.40M | 404.60M |
| Prepaid Expenses | 38.90M | 34.30M | 35.30M | 29.70M | 26.90M | 23.70M |
| Other Current Assets | 5.50M | 8.30M | 3.70M | 4.80M | 3.60M | 25.00M |
| Total Current Assets | 1.62B | 1.26B | 1.07B | 990.20M | 1.04B | 1.21B |
| Property, Plant & Equipment | 1.16B | 1.17B | 1.19B | 1.08B | 1.05B | 997.60M |
| Goodwill | 18.80M | 18.80M | 18.80M | 18.80M | 18.80M | 39.30M |
| Other Intangible Assets | 37.20M | 41.00M | 45.50M | 50.00M | 55.30M | 67.70M |
| Long-Term Deferred Tax Assets | 200.00K | 4.00M | 6.00M | 7.50M | 3.40M | |
| Other Long-Term Assets | 84.80M | 75.80M | 78.90M | 118.10M | 112.50M | 109.00M |
| Total Assets | 2.92B | 2.56B | 2.41B | 2.27B | 2.29B | 2.42B |
| Accounts Payable | 431.10M | 274.60M | 266.90M | 252.70M | 305.10M | 351.40M |
| Accrued Expenses | 97.40M | 87.60M | 80.80M | 76.80M | 73.50M | 69.30M |
| Current Portion of Leases | 8.60M | 7.10M | 8.70M | 10.10M | 11.20M | 11.10M |
| Current Income Taxes Payable | 10.40M | 7.80M | 11.10M | 9.50M | 8.90M | 9.50M |
| Other Current Liabilities | 67.40M | 50.10M | 33.00M | 20.90M | 20.00M | 15.40M |
| Total Current Liabilities | 614.90M | 427.20M | 400.50M | 370.00M | 418.70M | 456.70M |
| Long-Term Debt | 1.04B | 1.06B | 1.04B | 1.04B | 1.04B | 1.04B |
| Long-Term Leases | 20.20M | 34.10M | 38.20M | 42.10M | 40.40M | 46.90M |
| Pension & Post-Retirement Benefits | 72.10M | 73.40M | 71.40M | 80.60M | 85.80M | 113.10M |
| Long-Term Deferred Tax Liabilities | 114.00M | 75.40M | 44.10M | 13.90M | 4.90M | 10.50M |
| Other Long-Term Liabilities | 82.90M | 69.00M | 71.00M | 68.80M | 69.70M | 66.40M |
| Total Liabilities | 1.94B | 1.74B | 1.67B | 1.62B | 1.66B | 1.73B |
| Common Stock | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K |
| Additional Paid-In Capital | 1.14B | 1.13B | 1.12B | 1.10B | 1.09B | 1.08B |
| Retained Earnings | 293.60M | 142.50M | 81.30M | 10.10M | 13.30M | 93.00M |
| Treasury Stock | -475.90M | -475.90M | -475.90M | -475.90M | -475.90M | -475.90M |
| Comprehensive Income & Other | 19.50M | 26.80M | 20.50M | 13.10M | 3.20M | -3.70M |
| Shareholders' Equity | 975.50M | 826.10M | 743.10M | 652.20M | 631.20M | 692.50M |
| Total Liabilities & Equity | 2.92B | 2.56B | 2.41B | 2.27B | 2.29B | 2.42B |
| Total Debt | 1.07B | 1.10B | 1.09B | 1.09B | 1.09B | 1.09B |
| Net Cash (Debt) | -950.20M | -1.09B | -1.07B | -1.01B | -1.03B | -791.10M |
| Net Cash Per Share | -56.18 | -65.80 | -65.57 | -62.59 | -64.90 | -49.96 |
| Filing Date Shares Outstanding | 16.20M | 16.06M | 15.95M | 15.87M | 15.82M | 15.75M |
| Total Common Shares Outstanding | 16.20M | 16.06M | 15.94M | 15.87M | 15.82M | 15.75M |
| Working Capital | 1.00B | 834.30M | 674.10M | 620.20M | 623.90M | 748.70M |
| Book Value Per Share | 60.22 | 51.44 | 46.60 | 41.10 | 39.90 | 43.97 |
| Tangible Book Value | 919.50M | 766.30M | 678.80M | 583.40M | 557.10M | 585.50M |
| Tangible Book Value Per Share | 56.76 | 47.71 | 42.57 | 36.77 | 35.21 | 37.17 |
| Land | 46.30M | 38.20M | 37.20M | 38.00M | 28.40M | 26.00M |
| Buildings | 309.20M | 302.60M | 256.30M | 238.40M | 185.50M | 179.00M |
| Machinery | 1.63B | 1.59B | 1.34B | 1.27B | 1.23B | 1.15B |
| Construction In Progress | 88.20M | 66.70M | 297.50M | 173.70M | 141.30M | 75.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 218.50M | 112.50M | 65.70M | 67.80M | -29.60M | -18.50M |
| Depreciation & Amortization | 118.80M | 122.50M | 116.40M | 108.60M | 106.90M | 91.50M |
| Other Amortization | 4.60M | 4.50M | 2.30M | 2.20M | 2.30M | 2.10M |
| Loss (Gain) From Sale of Assets | -2.30M | -7.10M | -2.90M | -13.80M | -6.00M | -500.00K |
| Asset Writedown & Restructuring Costs | 3.20M | 2.00M | 23.70M | |||
| Stock-Based Compensation | 19.10M | 18.50M | 14.40M | 16.10M | 14.30M | 12.90M |
| Provision & Write-off of Bad Debts | 200.00K | 400.00K | 300.00K | |||
| Other Operating Activities | 61.60M | 42.60M | 24.80M | 27.00M | 17.10M | 33.90M |
| Change in Accounts Receivable | -130.50M | -71.90M | -19.40M | 33.20M | 19.60M | -117.40M |
| Change in Inventory | -148.30M | -125.30M | -50.40M | 21.50M | -142.80M | -43.50M |
| Change in Accounts Payable | 50.00M | 15.10M | 14.10M | -43.00M | -61.20M | 112.50M |
| Change in Other Net Operating Assets | 32.60M | -2.40M | 1.80M | -7.70M | -7.40M | 6.40M |
| Operating Cash Flow | 227.50M | 111.40M | 167.10M | 211.90M | -63.10M | 79.40M |
| Capital Expenditures | -102.70M | -136.90M | -180.80M | -143.20M | -142.50M | -58.00M |
| Sale of Property, Plant & Equipment | 50.10M | 53.10M | 6.00M | 15.20M | 11.00M | 1.80M |
| Cash Acquisitions | -609.20M | |||||
| Investment in Securities | -500.00K | 6.00M | 200.00K | -200.00K | -300.00K | -400.00K |
| Other Investing Activities | 6.00M | |||||
| Investing Cash Flow | -53.10M | -77.80M | -174.60M | -128.20M | -125.80M | -665.80M |
| Long-Term Debt Issued | 1.15B | 215.10M | 550.00M | |||
| Long-Term Debt Repaid | -1.13B | -2.50M | -217.20M | -2.10M | -383.00M | |
| Net Debt Issued (Repaid) | -3.40M | 19.80M | -2.50M | -2.10M | -2.10M | 167.00M |
| Repurchase of Common Stock | -9.00M | -3.00M | -2.10M | -1.80M | -2.80M | -2.60M |
| Common Dividends Paid | -52.00M | -51.30M | -50.70M | -50.40M | -50.10M | -46.70M |
| Other Financing Activities | -10.10M | -10.10M | -1.80M | -8.60M | ||
| Financing Cash Flow | -74.50M | -44.60M | -55.30M | -54.30M | -56.80M | 109.10M |
| Net Cash Flow | 99.90M | -11.00M | -62.80M | 29.40M | -245.70M | -477.30M |
| Free Cash Flow | 124.80M | -25.50M | -13.70M | 68.70M | -205.60M | 21.40M |
| Free Cash Flow Margin | 2.77% | -0.76% | -0.45% | 2.23% | -6.00% | 0.82% |
| Free Cash Flow Per Share | 7.38 | -1.53 | -0.84 | 4.26 | -12.93 | 1.35 |
| Levered Free Cash Flow | 61.24M | -76.71M | -119.08M | 58.62M | -155.16M | -212.75M |
| Unlevered Free Cash Flow | 92.33M | -49.90M | -94.06M | 85.74M | -127.28M | -183.91M |
| Cash Interest Paid | 53.40M | 50.10M | 40.50M | 43.80M | 45.70M | 48.70M |
| Cash Income Tax Paid | 13.70M | 7.60M | 4.40M | 500.00K | 6.30M | 5.60M |
| Change in Working Capital | -196.20M | -184.50M | -53.90M | 4.00M | -191.80M | -42.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.94B | 1.84B | 1.12B | 1.13B | 1.20B | 1.48B |
| Enterprise Value | 2.89B | 2.90B | 2.15B | 2.17B | 2.16B | 2.28B |
| Last Close Price | 116.28 | 112.41 | 66.07 | 64.30 | 65.71 | 78.39 |
| PE Ratio | 9.27 | 16.39 | 17.05 | 16.66 | ||
| Forward PE | 12.23 | 17.01 | 17.14 | 30.14 | 21.01 | 18.29 |
| PS Ratio | 0.42 | 0.55 | 0.37 | 0.37 | 0.35 | 0.56 |
| PB Ratio | 1.93 | 2.23 | 1.51 | 1.74 | 1.90 | 2.14 |
| P/TBV Ratio | 2.05 | 2.41 | 1.65 | 1.94 | 2.16 | 2.53 |
| P/FCF Ratio | 15.09 | 16.47 | 69.23 | |||
| P/OCF Ratio | 8.28 | 16.55 | 6.70 | 5.34 | 18.66 | |
| PEG Ratio | 2.34 | 2.34 | 2.34 | 2.34 | 2.34 | |
| EV/Sales Ratio | 0.63 | 0.86 | 0.71 | 0.70 | 0.63 | 0.87 |
| EV/EBITDA Ratio | 6.13 | 9.41 | 9.26 | 9.52 | 16.45 | 15.09 |
| EV/EBIT Ratio | 8.25 | 15.63 | 18.55 | 18.20 | 89.13 | 38.30 |
| EV/FCF Ratio | 22.71 | 31.55 | 106.49 | |||
| Debt / Equity Ratio | 1.09 | 1.33 | 1.47 | 1.67 | 1.73 | 1.58 |
| Debt / EBITDA Ratio | 2.23 | 3.40 | 4.42 | 4.48 | 7.39 | 6.62 |
| Debt / FCF Ratio | 8.55 | 15.89 | 51.14 | |||
| Net Debt / Equity Ratio | 0.97 | 1.32 | 1.44 | 1.55 | 1.64 | 1.14 |
| Net Debt / EBITDA Ratio | 2.06 | 3.55 | 4.61 | 4.43 | 7.87 | 5.24 |
| Net Debt / FCF Ratio | 7.61 | -42.89 | -78.11 | 14.70 | -5.02 | 36.97 |
| Asset Turnover | 1.64 | 1.36 | 1.29 | 1.35 | 1.46 | 1.22 |
| Inventory Turnover | 5.04 | 4.42 | 4.94 | 5.44 | 6.84 | 8.44 |
| Quick Ratio | 1.18 | 1.16 | 1.08 | 1.29 | 1.16 | 1.65 |
| Current Ratio | 2.63 | 2.95 | 2.68 | 2.68 | 2.49 | 2.64 |
| Return on Equity (ROE) | 24.53% | 14.34% | 9.42% | 10.57% | -4.47% | -2.60% |
| Return on Assets (ROA) | 7.79% | 4.66% | 3.10% | 3.27% | 0.64% | 1.74% |
| Return on Invested Capital (ROIC) | 13.23% | 7.46% | 4.98% | 5.85% | 1.54% | 5.15% |
| Return on Capital Employed (ROCE) | 14.90% | 8.70% | 5.80% | 6.30% | 1.30% | 3.00% |
| Earnings Yield | 10.79% | 6.10% | 5.87% | 5.99% | -2.46% | -1.25% |
| FCF Yield | 6.63% | -1.38% | -1.22% | 6.07% | -17.10% | 1.44% |
| Dividend Yield | 2.57% | 2.68% | 4.38% | 4.32% | 4.05% | 3.12% |
| Payout Ratio | 23.83% | 45.60% | 77.17% | 74.34% | ||
| Buyback Yield / Dilution | -2.60% | -1.86% | -1.17% | -1.42% | -0.44% | 0.48% |
| Total Shareholder Return | 0.05% | 0.83% | 3.22% | 2.90% | 3.61% | 3.60% |