Kaiser Aluminum (KALU) Financials

$73.93 +0.34 (+0.46%)

Closing price 08/8/2025 04:00 PM Eastern

Extended Trading

$78.89 +4.96 (+6.70%)

As of 08/8/2025 07:40 PM Eastern

Annual Income Statements for Kaiser Aluminum

This table shows Kaiser Aluminum's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	72	-237	92	45	92	62	29	-19	-30	47	47
Consolidated Net Income / (Loss)	72	-237	92	45	92	62	29	-19	-30	47	47
Net Income / (Loss) Continuing Operations	72	-237	92	45	92	62	29	-19	-30	47	47
Total Pre-Tax Income	107	-372	147	133	120	80	39	-24	-38	56	64
Total Operating Income	138	-346	181	155	144	126	81	64	4.00	96	88
Total Gross Profit	239	277	330	312	285	299	231	274	248	332	333
Total Revenue	1,356	1,392	1,331	1,398	1,586	1,514	1,173	2,622	3,428	3,087	3,024
Operating Revenue	1,356	1,392	1,331	1,398	1,586	1,514	1,173	2,622	3,428	3,087	3,024
Total Cost of Revenue	1,118	1,115	1,001	1,086	1,301	1,215	941	2,348	3,180	2,755	2,691
Operating Cost of Revenue	1,118	1,115	1,001	1,086	1,301	1,215	941	2,348	3,180	2,755	2,691
Total Operating Expenses	101	622	149	156	142	173	150	210	244	236	245
Selling, General & Admin Expense	81	88	105	98	96	98	91	119	111	123	121
Depreciation Expense	31	32	36	40	44	49	52	92	107	109	116
Other Operating Expenses / (Income)	12	500	7.70	0.80	1.40	0.90	-0.60	0.00	3.20	0.00	0.40
Impairment Charge	-	0.00	0.00	18	0.00	25	0.00	0.00	21	0.00	0.00
Restructuring Charge	-	-	-	-	0.00	0.00	7.50	-0.80	2.20	5.00	7.60
Total Other Income / (Expense), net	-31	-26	-34	-22	-24	-45	-42	-88	-42	-40	-24
Interest Expense	38	24	20	22	23	25	41	50	48	47	44
Other Income / (Expense), net	6.70	-1.80	-14	0.00	-0.90	-21	-1.40	-39	6.40	7.40	20
Income Tax Expense	35	-135	56	88	28	18	10	-5.50	-8.30	9.10	17
Basic Earnings per Share	$4.02	($13.76)	$5.15	$2.67	$5.53	$3.88	$1.82	($1.17)	($1.86)	$2.95	$2.91
Weighted Average Basic Shares Outstanding	17.82M	17.20M	17.81M	17.00M	16.59M	16.00M	15.80M	15.84M	15.91M	15.99M	16.07M
Diluted Earnings per Share	$3.86	($13.76)	$5.09	$2.63	$5.43	$3.83	$1.81	($1.17)	($1.86)	$2.92	$2.87
Weighted Average Diluted Shares Outstanding	18.59M	17.20M	18.03M	17.26M	16.87M	16.20M	15.91M	15.84M	15.91M	16.13M	16.32M
Weighted Average Basic & Diluted Shares Outstanding	17.90M	17.20M	17.80M	17M	16.09M	15.85M	15.81M	15.87M	15.94M	16.02M	16.10M
Cash Dividends to Common per Share	$1.40	$1.60	$1.80	$2.00	$2.20	$2.40	$2.68	$2.88	$3.08	$3.08	$3.08

This table shows Kaiser Aluminum's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-33	16	18	5.40	7.60	18	19	12	7.10	22	23
Consolidated Net Income / (Loss)	-26	16	18	5.40	7.60	18	19	12	7.10	22	23
Net Income / (Loss) Continuing Operations	-33	16	18	5.40	7.60	18	19	12	7.10	22	23
Total Pre-Tax Income	-35	21	21	5.50	8.70	24	25	15	12	29	30
Total Operating Income	-22	19	36	19	22	24	36	17	22	41	38
Total Gross Profit	55	77	96	78	82	86	104	76	80	104	100
Total Revenue	776	808	814	744	722	738	773	748	765	777	823
Operating Revenue	776	808	814	744	722	738	773	748	765	777	823
Total Cost of Revenue	721	731	718	665	640	651	670	672	686	673	723
Operating Cost of Revenue	721	731	718	665	640	651	670	672	686	673	723
Total Operating Expenses	84	57	60	59	60	62	67	59	57	63	62
Selling, General & Admin Expense	28	30	32	31	30	33	32	29	28	31	33
Depreciation Expense	27	26	26	27	29	29	29	29	30	30	30
Other Operating Expenses / (Income)	-	0.00	0.00	0.00	-	0.40	0.00	0.00	-	0.00	0.00
Restructuring Charge	2.20	1.40	1.20	1.60	0.80	0.10	6.80	0.70	-	1.80	0.10
Total Other Income / (Expense), net	-13	1.70	-15	-14	-13	-0.60	-12	-2.00	-10	-13	-8.10
Interest Expense	12	12	12	11	12	12	11	11	10	11	13
Other Income / (Expense), net	-1.00	14	-2.50	-2.20	-1.50	11	-0.50	8.70	0.40	-1.40	4.40
Income Tax Expense	-8.60	4.90	3.00	0.10	1.10	5.50	5.70	3.40	5.00	7.20	6.70
Basic Earnings per Share	($1.66)	$1.00	$1.14	$0.34	$0.47	$1.13	$1.18	$0.75	$0.44	$1.34	$1.44
Weighted Average Basic Shares Outstanding	15.91M	15.94M	15.97M	16.00M	15.99M	16.03M	16.07M	16.09M	16.07M	16.12M	16.16M
Diluted Earnings per Share	($1.66)	$0.99	$1.14	$0.34	$0.45	$1.12	$1.15	$0.74	$0.43	$1.31	$1.41
Weighted Average Diluted Shares Outstanding	15.91M	16.10M	16.08M	16.15M	16.13M	16.23M	16.40M	16.34M	16.32M	16.40M	16.48M
Weighted Average Basic & Diluted Shares Outstanding	15.94M	15.98M	16.01M	16.01M	16.02M	16.07M	16.09M	16.09M	16.10M	16.15M	16.18M

This table details how cash moves in and out of Kaiser Aluminum's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	8.20	-104	-16	-3.40	75	139	516	-477	-246	29	-63
Net Cash From Operating Activities	124	160	166	142	150	232	207	79	-63	212	167
Net Cash From Continuing Operating Activities	124	160	166	142	150	232	207	79	-63	212	167
Net Income / (Loss) Continuing Operations	72	-237	92	45	92	62	29	-19	-30	47	47
Consolidated Net Income / (Loss)	72	-237	92	45	92	62	29	-19	-30	47	47
Depreciation Expense	30	31	35	38	42	46	49	83	98	103	112
Amortization Expense	13	5.90	2.60	2.60	2.80	4.00	4.90	11	12	7.50	6.80
Non-Cash Adjustments To Reconcile Net Income	-31	450	-2.50	-1.00	22	61	31	29	-77	64	-18
Changes in Operating Assets and Liabilities, net	40	-91	39	56	-8.50	60	93	-25	-66	-10	20
Net Cash From Investing Activities	-45	20	-276	-26	31	-102	27	-666	-126	-128	-175
Net Cash From Continuing Investing Activities	-45	20	-276	-26	31	-102	27	-666	-126	-128	-175
Purchase of Property, Plant & Equipment	-59	-63	-76	-76	-74	-60	-52	-58	-143	-143	-181
Purchase of Investments	-94	-0.50	-255	-248	-136	-132	-39	-0.40	-0.30	-0.30	-0.10
Sale of Property, Plant & Equipment	-	0.00	0.00	0.60	0.60	0.20	0.30	1.80	11	15	6.00
Sale and/or Maturity of Investments	108	84	55	297	284	91	118	0.00	0.00	0.10	0.30
Other Investing Activities, net	-	-	-	0.00	-	-0.70	-0.50	0.00	6.00	0.00	0.00
Net Cash From Financing Activities	-71	-284	95	-119	-106	8.50	282	109	-57	-54	-55
Net Cash From Continuing Financing Activities	-71	-284	95	-119	-106	8.50	282	109	-57	-54	-55
Repayment of Debt	-0.10	-206	-213	-0.40	-0.70	-402	-7.90	-392	-3.90	-217	-2.50
Payment of Dividends	-25	-28	-32	-35	-38	-39	-43	-47	-50	-50	-51
Issuance of Debt	0.00	0.00	375	0.00	0.00	500	350	550	0.00	215	0.00
Other Financing Activities, net	0.80	1.30	1.20	-4.50	-6.90	-6.20	-4.30	-2.60	-2.80	-1.80	-2.10

This table details how cash moves in and out of Kaiser Aluminum's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-72	-21	-75	87	38	19	-31	-25	-26	3.40	-8.40
Net Cash From Operating Activities	-4.50	-20	68	90	74	63	26	34	43	57	16
Net Cash From Continuing Operating Activities	-4.50	-20	5.10	153	74	63	26	34	43	57	16
Net Income / (Loss) Continuing Operations	-26	16	18	5.40	7.60	18	3.10	12	7.10	22	23
Consolidated Net Income / (Loss)	-26	16	18	5.40	7.60	18	3.10	12	7.10	22	23
Depreciation Expense	25	25	25	26	28	28	28	28	29	29	28
Amortization Expense	2.10	2.30	2.20	2.20	0.80	1.70	2.00	2.10	0.70	1.60	1.80
Non-Cash Adjustments To Reconcile Net Income	-97	-2.80	-30	83	14	4.40	33	-23	-32	11	7.00
Changes in Operating Assets and Liabilities, net	92	-61	-10	36	25	11	-40	16	39	-6.40	-45
Net Cash From Investing Activities	-54	-26	-42	-37	-23	-30	-44	-45	-56	-38	-44
Net Cash From Continuing Investing Activities	-54	-26	-42	-37	-23	-30	-44	-45	-56	-38	-44
Purchase of Property, Plant & Equipment	-60	-41	-42	-37	-23	-30	-44	-51	-56	-38	-44
Sale and/or Maturity of Investments	-	0.00	-	0.10	-	0.10	0.10	0.10	-	0.00	0.10
Net Cash From Financing Activities	-14	25	-38	-28	-13	-14	-14	-14	-14	-15	19
Net Cash From Continuing Financing Activities	-14	25	-38	-28	-13	-14	-14	-14	-14	-15	19
Repayment of Debt	-1.10	-81	-114	-22	-0.40	-0.40	-0.50	-1.10	-0.50	-43	-143
Payment of Dividends	-13	-13	-13	-13	-13	-13	-13	-13	-13	-13	-13
Issuance of Debt	-	120	91	5.10	-	0.00	-	-	-	43	175

This table presents Kaiser Aluminum's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,744	1,247	1,444	1,385	1,419	1,526	1,865	2,422	2,289	2,267	2,410
Total Current Assets	825	502	656	657	657	780	1,121	1,205	1,043	990	1,075
Cash & Equivalents	178	73	55	51	126	264	780	303	57	82	18
Accounts Receivable	140	123	150	181	205	185	124	386	371	338	342
Inventories, net	215	220	202	208	215	178	152	405	525	477	602
Prepaid Expenses	179	57	19	33	19	19	29	49	31	35	39
Other Current Assets	-	-	-	0.00	55	55	36	63	59	59	73
Plant, Property, & Equipment, net	455	495	531	571	612	622	627	955	1,013	1,052	1,161
Total Noncurrent Assets	464	250	257	157	151	124	116	262	233	225	174
Goodwill	37	37	37	19	44	19	19	39	19	19	19
Intangible Assets	32	31	26	25	32	30	27	68	55	50	46
Noncurrent Deferred & Refundable Income Taxes	31	163	160	72	36	12	0.00	3.40	7.50	6.00	4.00
Other Noncurrent Operating Assets	363	20	33	41	39	64	71	151	151	150	106
Total Liabilities & Shareholders' Equity	1,744	1,247	1,444	1,385	1,419	1,526	1,865	2,422	2,289	2,267	2,410
Total Liabilities	728	473	639	639	679	792	1,132	1,730	1,658	1,615	1,667
Total Current Liabilities	426	169	165	173	206	170	158	457	419	370	401
Short-Term Debt	173	0.10	-	-	-	-	-	-	-	-	0.00
Accounts Payable	81	77	76	90	121	92	86	351	305	253	267
Accrued Expenses	133	53	40	41	44	44	41	58	68	64	79
Current Employee Benefit Liabilities	40	40	49	43	40	34	31	47	45	53	54
Total Noncurrent Liabilities	301	303	474	466	473	622	974	1,273	1,239	1,245	1,266
Long-Term Debt	225	195	369	370	370	493	838	1,036	1,038	1,040	1,042
Noncurrent Deferred & Payable Income Tax Liabilities	0.90	2.10	3.30	4.30	4.20	4.50	14	11	4.90	14	44
Noncurrent Employee Benefit Liabilities	-	-	-	-	-	-	1.30	93	69	77	71
Other Noncurrent Operating Liabilities	76	107	102	92	99	125	121	134	127	115	109
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,016	774	805	746	740	734	732	693	631	652	743
Total Preferred & Common Equity	1,016	774	805	746	740	734	732	693	631	652	743
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,016	774	805	746	740	734	732	693	631	652	743
Common Stock	1,029	1,037	1,048	1,056	1,060	1,063	1,069	1,079	1,091	1,105	1,117
Retained Earnings	280	16	75	86	150	173	158	93	13	10	81
Treasury Stock	-197	-247	-281	-359	-421	-463	-476	-476	-476	-476	-476
Accumulated Other Comprehensive Income / (Loss)	-96	-32	-37	-37	-49	-39	-19	-3.70	3.20	13	21

This table presents Kaiser Aluminum's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	2,462	2,374	2,330	2,268	2,268	2,300	2,316	2,311	2,440	2,513
Total Current Assets	1,246	1,128	1,060	997	984	1,023	1,011	995	1,094	1,151
Cash & Equivalents	235	129	32	20	45	102	70	46	21	13
Accounts Receivable	401	368	408	389	359	353	384	371	390	418
Inventories, net	469	538	538	498	489	471	447	474	572	596
Prepaid Expenses	48	41	30	34	40	35	46	42	42	55
Other Current Assets	94	51	53	56	53	63	64	62	68	69
Plant, Property, & Equipment, net	956	990	1,038	1,041	1,058	1,055	1,085	1,100	1,192	1,205
Total Noncurrent Assets	260	256	232	230	226	222	221	216	154	157
Goodwill	39	39	19	19	19	19	19	19	19	19
Intangible Assets	58	57	54	53	51	49	48	47	44	43
Noncurrent Deferred & Refundable Income Taxes	6.30	6.60	4.50	5.10	5.00	5.40	6.00	6.30	3.30	2.60
Other Noncurrent Operating Assets	156	154	155	154	151	149	148	144	88	93
Total Liabilities & Shareholders' Equity	2,462	2,374	2,330	2,268	2,268	2,300	2,316	2,311	2,440	2,513
Total Liabilities	1,812	1,732	1,694	1,629	1,627	1,635	1,654	1,644	1,683	1,737
Total Current Liabilities	548	468	406	355	367	385	396	382	410	426
Short-Term Debt	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	419	337	282	236	243	274	282	275	290	318
Accrued Expenses	87	89	81	70	73	65	66	55	67	55
Current Employee Benefit Liabilities	41	42	43	48	51	46	49	52	53	53
Total Noncurrent Liabilities	1,264	1,263	1,288	1,275	1,260	1,250	1,257	1,262	1,273	1,311
Long-Term Debt	1,037	1,038	1,078	1,054	1,039	1,040	1,041	1,041	1,042	1,075
Noncurrent Deferred & Payable Income Tax Liabilities	3.90	4.70	5.70	6.50	8.00	20	21	24	51	56
Noncurrent Employee Benefit Liabilities	90	92	70	78	79	76	78	78	72	71
Other Noncurrent Operating Liabilities	133	129	135	136	134	115	118	120	108	108
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	650	642	636	638	641	665	662	667	757	776
Total Preferred & Common Equity	650	642	636	638	641	665	662	667	757	776
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	650	642	636	638	641	665	662	667	757	776
Common Stock	1,085	1,087	1,093	1,097	1,101	1,108	1,111	1,115	1,120	1,124
Retained Earnings	62	52	17	22	15	22	13	12	90	100
Treasury Stock	-476	-476	-476	-476	-476	-476	-476	-476	-476	-476
Accumulated Other Comprehensive Income / (Loss)	-21	-22	2.10	-5.20	0.80	11	14	16	23	27

This table displays calculated financial ratios and metrics derived from Kaiser Aluminum's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.52%	2.64%	-4.40%	5.03%	13.48%	-4.53%	-22.55%	123.59%	30.74%	-9.94%	-2.04%
EBITDA Growth	-13.95%	-265.87%	165.79%	-4.15%	-4.33%	-17.22%	-13.78%	-11.05%	0.42%	78.93%	5.56%
EBIT Growth	-19.17%	-340.46%	148.17%	-7.34%	-8.05%	-26.42%	-24.10%	-68.01%	-59.22%	892.31%	3.88%
NOPAT Growth	-27.11%	-361.91%	146.59%	-53.04%	107.13%	-11.67%	-37.90%	-25.11%	-93.79%	2,768.41%	-19.52%
Net Income Growth	-31.49%	-429.53%	138.76%	-50.49%	101.98%	-32.39%	-53.55%	-164.24%	-60.00%	259.46%	-0.85%
EPS Growth	-29.04%	-456.48%	136.99%	-48.33%	106.46%	-29.47%	-52.74%	-164.64%	-58.97%	256.99%	-1.71%
Operating Cash Flow Growth	11.10%	28.69%	3.69%	-14.55%	6.15%	54.66%	-10.93%	-61.62%	-179.47%	435.82%	-21.14%
Free Cash Flow Firm Growth	208.95%	-90.91%	605.57%	-35.94%	-28.34%	282.51%	-5.21%	-484.58%	68.92%	145.02%	-120.53%
Invested Capital Growth	-4.37%	-22.75%	2.38%	-0.69%	7.65%	-6.85%	-10.56%	80.41%	13.07%	-0.14%	5.07%
Revenue Q/Q Growth	2.01%	-1.51%	1.16%	1.54%	2.34%	-1.35%	-7.62%	25.60%	-0.88%	-1.73%	1.47%
EBITDA Q/Q Growth	-7.59%	1.02%	6.90%	-1.46%	-2.44%	-22.47%	27.89%	11.31%	-24.92%	26.33%	1.39%
EBIT Q/Q Growth	-10.24%	1.67%	7.65%	-2.51%	-3.84%	-30.65%	55.97%	-7.27%	-78.99%	72.58%	2.19%
NOPAT Q/Q Growth	-9.51%	2.37%	14.24%	-47.24%	75.33%	-15.44%	2.36%	-2.87%	103.05%	47.72%	-5.93%
Net Income Q/Q Growth	-14.01%	-0.98%	13.91%	-46.65%	73.35%	-35.55%	134.15%	-29.37%	-1,873.33%	257.58%	-1.06%
EPS Q/Q Growth	-12.67%	-0.44%	14.13%	-46.00%	70.75%	-34.75%	129.11%	-31.46%	-1,966.67%	260.49%	-0.69%
Operating Cash Flow Q/Q Growth	-0.56%	23.51%	4.68%	-25.41%	22.61%	21.24%	-9.69%	-11.28%	-404.80%	59.20%	-15.61%
Free Cash Flow Firm Q/Q Growth	-5.97%	-58.89%	10.50%	-54.84%	1,784.68%	16.64%	-36.71%	2.91%	-1.49%	367.98%	-140.68%
Invested Capital Q/Q Growth	-9.86%	-10.17%	-9.47%	-7.21%	-6.52%	-10.80%	-2.06%	-2.44%	3.97%	-1.58%	1.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.59%	19.86%	24.79%	22.30%	17.98%	19.74%	19.73%	10.45%	7.23%	10.76%	11.01%
EBITDA Margin	13.83%	-22.34%	15.38%	14.03%	11.83%	10.26%	11.42%	4.54%	3.49%	6.93%	7.47%
Operating Margin	10.17%	-24.85%	13.61%	11.11%	9.05%	8.30%	6.92%	2.46%	0.12%	3.10%	2.90%
EBIT Margin	10.66%	-24.98%	12.59%	11.11%	9.00%	6.93%	6.80%	0.97%	0.30%	3.34%	3.55%
Profit (Net Income) Margin	5.29%	-17.00%	6.89%	3.25%	5.78%	4.09%	2.46%	-0.71%	-0.86%	1.53%	1.55%
Tax Burden Percent	67.04%	63.64%	62.30%	34.14%	76.42%	77.11%	74.23%	77.08%	78.10%	83.84%	73.70%
Interest Burden Percent	74.07%	106.93%	87.88%	85.70%	84.09%	76.57%	48.68%	-94.12%	-364.42%	54.55%	59.24%
Effective Tax Rate	32.96%	0.00%	37.70%	65.86%	23.58%	22.89%	25.77%	0.00%	0.00%	16.16%	26.30%
Return on Invested Capital (ROIC)	8.06%	-24.35%	12.87%	5.99%	12.00%	10.58%	7.19%	4.07%	0.18%	4.99%	3.92%
ROIC Less NNEP Spread (ROIC-NNEP)	-13.14%	-18.77%	-11.31%	-0.98%	1.48%	-8.95%	-23.08%	-12.01%	-3.60%	1.57%	2.12%
Return on Net Nonoperating Assets (RNNOA)	-1.22%	-2.08%	-1.25%	-0.14%	0.34%	-2.17%	-3.27%	-6.67%	-4.66%	2.37%	3.17%
Return on Equity (ROE)	6.84%	-26.43%	11.61%	5.85%	12.34%	8.41%	3.93%	-2.60%	-4.47%	7.36%	7.09%
Cash Return on Invested Capital (CROIC)	12.53%	1.31%	10.52%	6.68%	4.63%	17.68%	18.34%	-53.28%	-12.08%	5.13%	-1.03%
Operating Return on Assets (OROA)	8.23%	-23.25%	12.45%	10.97%	10.18%	7.13%	4.70%	1.19%	0.44%	4.53%	4.68%
Return on Assets (ROA)	4.09%	-15.82%	6.82%	3.21%	6.54%	4.21%	1.70%	-0.86%	-1.26%	2.07%	2.04%
Return on Common Equity (ROCE)	6.84%	-26.43%	11.61%	5.85%	12.34%	8.41%	3.93%	-2.60%	-4.47%	7.36%	7.09%
Return on Equity Simple (ROE_SIMPLE)	7.07%	-30.55%	11.40%	6.08%	12.39%	8.45%	3.93%	-2.67%	-4.69%	7.24%	7.01%
Net Operating Profit after Tax (NOPAT)	92	-242	113	53	110	97	60	45	2.80	80	65
NOPAT Margin	6.82%	-17.40%	8.48%	3.79%	6.92%	6.40%	5.13%	1.72%	0.08%	2.60%	2.14%
Net Nonoperating Expense Percent (NNEP)	21.20%	-5.58%	24.18%	6.97%	10.52%	19.53%	30.28%	16.08%	3.78%	3.42%	1.80%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	0.17%	4.75%	3.78%
Cost of Revenue to Revenue	82.41%	80.14%	75.21%	77.70%	82.02%	80.26%	80.27%	89.55%	92.77%	89.24%	88.99%
SG&A Expenses to Revenue	6.00%	6.33%	7.89%	6.98%	6.07%	6.47%	7.78%	4.53%	3.24%	3.97%	3.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.43%	44.72%	11.18%	11.19%	8.93%	11.44%	12.82%	7.99%	7.11%	7.65%	8.11%
Earnings before Interest and Taxes (EBIT)	145	-348	168	155	143	105	80	26	10	103	107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	188	-311	205	196	188	155	134	119	120	214	226
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.94	1.48	1.36	1.95	1.64	2.02	1.87	1.93	1.75	1.66	1.67
Price to Tangible Book Value (P/TBV)	1.01	1.62	1.48	2.07	1.83	2.17	1.99	2.28	1.98	1.86	1.85
Price to Revenue (P/Rev)	0.71	0.82	0.82	1.04	0.76	0.98	1.17	0.51	0.32	0.35	0.37
Price to Earnings (P/E)	13.36	0.00	11.96	32.07	13.23	23.95	47.46	0.00	0.00	22.96	23.90
Dividend Yield	2.60%	2.48%	2.94%	2.32%	2.99%	2.57%	3.10%	3.41%	4.45%	4.55%	4.43%
Earnings Yield	7.49%	0.00%	8.36%	3.12%	7.56%	4.18%	2.11%	0.00%	0.00%	4.36%	4.18%
Enterprise Value to Invested Capital (EV/IC)	0.95	1.43	1.33	1.81	1.50	1.85	1.80	1.45	1.29	1.27	1.27
Enterprise Value to Revenue (EV/Rev)	0.79	0.89	0.89	1.14	0.90	1.08	1.21	0.79	0.61	0.66	0.71
Enterprise Value to EBITDA (EV/EBITDA)	5.68	0.00	5.76	8.11	7.57	10.53	10.64	17.39	17.42	9.54	9.48
Enterprise Value to EBIT (EV/EBIT)	7.37	0.00	7.04	10.25	9.96	15.57	17.87	81.21	200.29	19.78	19.98
Enterprise Value to NOPAT (EV/NOPAT)	11.52	0.00	10.45	30.03	12.95	16.86	23.67	45.94	743.94	25.41	33.14
Enterprise Value to Operating Cash Flow (EV/OCF)	8.58	7.74	7.12	11.24	9.46	7.04	6.89	26.08	0.00	9.63	12.82
Enterprise Value to Free Cash Flow (EV/FCFF)	7.41	94.55	12.79	26.93	33.56	10.09	9.28	0.00	0.00	24.71	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.25	0.46	0.50	0.50	0.67	1.14	1.50	1.64	1.59	1.56
Long-Term Debt to Equity	0.22	0.25	0.46	0.50	0.50	0.67	1.14	1.50	1.64	1.59	1.56
Financial Leverage	0.09	0.11	0.11	0.14	0.23	0.24	0.14	0.56	1.29	1.51	1.50
Leverage Ratio	1.67	1.67	1.70	1.82	1.89	2.00	2.31	3.01	3.56	3.55	3.47
Compound Leverage Factor	1.24	1.79	1.50	1.56	1.59	1.53	1.13	-2.83	-12.97	1.94	2.06
Debt to Total Capital	28.13%	20.09%	31.42%	33.12%	33.35%	40.16%	53.37%	59.94%	62.19%	61.45%	60.93%
Short-Term Debt to Total Capital	12.21%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	15.92%	20.08%	31.42%	33.12%	33.35%	40.16%	53.37%	59.94%	62.19%	61.45%	60.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.87%	79.91%	68.58%	66.88%	66.65%	59.84%	46.63%	40.06%	37.81%	38.55%	39.07%
Debt to EBITDA	2.12	-0.63	1.80	1.88	1.97	3.17	6.26	8.70	8.68	4.86	4.61
Net Debt to EBITDA	0.56	-0.30	0.40	0.69	1.11	0.96	0.43	6.16	8.20	4.47	4.53
Long-Term Debt to EBITDA	1.20	-0.63	1.80	1.88	1.97	3.17	6.26	8.70	8.68	4.86	4.61
Debt to NOPAT	4.30	-0.80	3.27	6.98	3.38	5.08	13.92	22.99	370.75	12.95	16.12
Net Debt to NOPAT	1.15	-0.38	0.73	2.54	1.90	1.54	0.96	16.26	350.25	11.92	15.83
Long-Term Debt to NOPAT	2.43	-0.80	3.27	6.98	3.38	5.08	13.92	22.99	370.75	12.95	16.12
Altman Z-Score	2.34	1.99	2.82	3.25	3.05	2.98	2.23	2.01	2.25	2.25	2.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.94	2.96	3.98	3.79	3.20	4.58	7.08	2.64	2.49	2.68	2.44
Quick Ratio	1.01	1.33	2.64	2.40	1.79	3.10	5.72	1.51	1.02	1.14	0.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	144	13	92	59	42	162	153	-590	-184	83	-17
Operating Cash Flow to CapEx	208.92%	253.09%	217.61%	188.92%	204.35%	387.17%	400.97%	141.28%	-47.98%	165.55%	95.60%
Free Cash Flow to Firm to Interest Expense	3.83	0.54	4.54	2.66	1.86	6.58	3.75	-11.93	-3.80	1.76	-0.39
Operating Cash Flow to Interest Expense	3.31	6.63	8.16	6.37	6.62	9.44	5.06	1.60	-1.31	4.52	3.82
Operating Cash Flow Less CapEx to Interest Expense	1.73	4.01	4.41	3.00	3.38	7.00	3.80	0.47	-4.03	1.79	-0.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.93	0.99	0.99	1.13	1.03	0.69	1.22	1.46	1.36	1.32
Accounts Receivable Turnover	9.95	10.58	9.77	8.47	8.22	7.75	7.58	10.28	9.06	8.72	8.90
Inventory Turnover	5.21	5.14	4.75	5.30	6.15	6.19	5.71	8.44	6.84	5.50	5.49
Fixed Asset Turnover	3.07	2.93	2.59	2.54	2.68	2.45	1.88	3.31	3.48	2.99	2.73
Accounts Payable Turnover	15.49	14.11	13.13	13.10	12.31	11.39	10.57	10.73	9.69	9.88	10.36
Days Sales Outstanding (DSO)	36.69	34.48	37.36	43.11	44.41	47.08	48.18	35.50	40.27	41.87	41.00
Days Inventory Outstanding (DIO)	70.08	71.06	76.81	68.82	59.35	58.98	63.90	43.26	53.37	66.42	66.53
Days Payable Outstanding (DPO)	23.57	25.87	27.81	27.86	29.66	32.05	34.53	34.00	37.67	36.95	35.24
Cash Conversion Cycle (CCC)	83.20	79.67	86.36	84.06	74.10	74.01	77.55	44.76	55.97	71.34	72.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,122	867	887	881	949	884	790	1,426	1,612	1,610	1,691
Invested Capital Turnover	1.18	1.40	1.52	1.58	1.73	1.65	1.40	2.37	2.26	1.92	1.83
Increase / (Decrease) in Invested Capital	-51	-255	21	-6.10	67	-65	-93	635	186	-2.30	82
Enterprise Value (EV)	1,065	1,236	1,179	1,591	1,421	1,635	1,425	2,071	2,083	2,041	2,142
Market Capitalization	959	1,144	1,097	1,456	1,213	1,485	1,367	1,338	1,102	1,084	1,119
Book Value per Share	$57.10	$43.65	$44.93	$44.15	$44.87	$46.22	$46.32	$43.66	$39.60	$40.73	$41.52
Tangible Book Value per Share	$53.21	$39.84	$41.38	$41.56	$40.24	$43.17	$43.44	$36.91	$34.95	$36.43	$37.52
Total Capital	1,414	969	1,173	1,116	1,111	1,227	1,571	1,729	1,669	1,692	1,710
Total Debt	398	195	369	370	370	493	838	1,036	1,038	1,040	1,042
Total Long-Term Debt	225	195	369	370	370	493	838	1,036	1,038	1,040	1,042
Net Debt	106	92	83	135	208	150	58	733	981	957	1,023
Capital Expenditures (CapEx)	59	63	76	75	74	60	52	56	132	128	175
Debt-free, Cash-free Net Working Capital (DFCFNWC)	280	230	205	249	289	266	183	446	567	538	557
Debt-free Net Working Capital (DFNWC)	571	332	491	484	451	609	963	749	624	620	576
Net Working Capital (NWC)	399	332	491	484	451	609	963	749	624	620	576
Net Nonoperating Expense (NNE)	21	-5.53	21	7.58	18	35	31	64	32	33	18
Net Nonoperating Obligations (NNO)	106	92	83	135	208	150	58	733	981	957	1,023
Total Depreciation and Amortization (D&A)	43	37	37	41	45	50	54	94	109	111	119
Debt-free, Cash-free Net Working Capital to Revenue	20.63%	16.52%	15.38%	17.80%	18.21%	17.59%	15.59%	16.99%	16.53%	17.42%	18.43%
Debt-free Net Working Capital to Revenue	42.14%	23.88%	36.89%	34.60%	28.44%	40.25%	82.13%	28.55%	18.20%	20.09%	19.04%
Net Working Capital to Revenue	29.41%	23.87%	36.89%	34.60%	28.44%	40.25%	82.13%	28.55%	18.20%	20.09%	19.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.02	($13.76)	$5.15	$2.67	$5.53	$3.88	$1.82	($1.17)	($1.86)	$2.95	$2.91
Adjusted Weighted Average Basic Shares Outstanding	17.82M	17.20M	17.81M	17.00M	16.59M	16.00M	15.80M	15.84M	15.91M	15.99M	16.07M
Adjusted Diluted Earnings per Share	$3.86	($13.76)	$5.09	$2.63	$5.43	$3.83	$1.81	($1.17)	($1.86)	$2.92	$2.87
Adjusted Weighted Average Diluted Shares Outstanding	18.59M	17.20M	18.03M	17.26M	16.87M	16.20M	15.91M	15.84M	15.91M	16.13M	16.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.46M	18.00M	17.48M	16.76M	16.09M	15.85M	15.81M	15.87M	15.94M	16.02M	16.10M
Normalized Net Operating Profit after Tax (NOPAT)	77	-240	113	122	110	116	66	45	19	85	70
Normalized NOPAT Margin	5.65%	-17.27%	8.48%	8.70%	6.92%	7.69%	5.61%	1.70%	0.55%	2.74%	2.32%
Pre Tax Income Margin	7.90%	-26.71%	11.06%	9.52%	7.57%	5.31%	3.31%	-0.92%	-1.11%	1.82%	2.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.86	-14.43	8.25	6.99	6.29	4.27	1.95	0.52	0.22	2.20	2.45
NOPAT to Interest Expense	2.47	-10.05	5.56	2.39	4.83	3.94	1.47	0.91	0.06	1.71	1.48
EBIT Less CapEx to Interest Expense	2.27	-17.05	4.50	3.62	3.05	1.83	0.69	-0.62	-2.51	-0.53	-1.55
NOPAT Less CapEx to Interest Expense	0.88	-12.67	1.81	-0.99	1.60	1.50	0.21	-0.22	-2.66	-1.02	-2.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.38%	-11.88%	35.33%	77.09%	41.11%	63.55%	150.69%	-252.43%	-169.26%	106.78%	108.33%
Augmented Payout Ratio	100.14%	-33.85%	74.81%	252.20%	107.31%	134.84%	194.10%	-252.43%	-169.26%	106.78%	108.33%

This table displays calculated financial ratios and metrics derived from Kaiser Aluminum's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.77%	-14.88%	-14.68%	-0.71%	-7.00%	-8.68%	-5.00%	0.55%	6.06%	5.41%	6.43%
EBITDA Growth	-90.85%	15.86%	176.71%	6.90%	1,115.00%	7.85%	-26.07%	24.94%	6.38%	9.13%	11.35%
EBIT Growth	-245.91%	38.56%	685.96%	7.64%	187.07%	7.65%	-55.09%	54.44%	11.39%	13.64%	18.77%
NOPAT Growth	-298.24%	-18.46%	2,303.12%	800.13%	221.98%	27.81%	-60.06%	-27.70%	-31.59%	66.39%	6.01%
Net Income Growth	-1,652.94%	96.30%	232.61%	116.00%	128.79%	14.47%	-83.06%	122.22%	-6.58%	18.68%	22.75%
EPS Growth	-1,609.09%	94.12%	231.03%	112.50%	127.11%	13.13%	-83.33%	117.65%	-4.44%	16.96%	22.61%
Operating Cash Flow Growth	-109.76%	-1,550.00%	1,116.07%	236.89%	1,751.11%	411.82%	-61.38%	-62.03%	-41.59%	-9.95%	-39.54%
Free Cash Flow Firm Growth	67.84%	-799.25%	-1,061.20%	23.64%	110.53%	152.92%	127.58%	79.77%	-422.88%	-247.18%	-360.39%
Invested Capital Growth	13.07%	13.34%	15.17%	5.50%	-0.14%	-4.66%	-2.39%	1.65%	5.07%	10.84%	12.61%
Revenue Q/Q Growth	3.62%	4.07%	0.80%	-8.66%	-2.95%	2.19%	4.87%	-3.32%	2.37%	1.57%	5.88%
EBITDA Q/Q Growth	-90.48%	1,397.50%	1.17%	-25.91%	8.24%	32.92%	-38.88%	25.22%	-7.84%	36.36%	2.98%
EBIT Q/Q Growth	-247.77%	240.95%	2.14%	-49.40%	19.53%	74.26%	-65.60%	74.00%	-13.79%	77.78%	6.00%
NOPAT Q/Q Growth	-845.92%	193.95%	111.25%	-39.20%	1.09%	-1.56%	-50.84%	10.05%	-4.36%	139.44%	-5.04%
Net Income Q/Q Growth	-1,156.00%	160.23%	15.09%	-70.49%	40.74%	139.47%	-87.40%	287.10%	-40.83%	204.23%	7.41%
EPS Q/Q Growth	-1,137.50%	159.64%	15.15%	-70.18%	32.35%	148.89%	-87.42%	289.47%	-41.89%	204.65%	7.63%
Operating Cash Flow Q/Q Growth	93.14%	-351.11%	435.47%	31.86%	-17.26%	-14.80%	-58.45%	29.66%	27.27%	31.34%	-72.11%
Free Cash Flow Firm Q/Q Growth	-131.96%	9.14%	-3.25%	64.91%	131.99%	356.62%	-49.53%	-125.74%	-410.60%	-108.14%	-23.43%
Invested Capital Q/Q Growth	3.97%	4.35%	-0.58%	-2.19%	-1.58%	-0.37%	1.79%	1.85%	1.73%	5.10%	3.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.09%	9.47%	11.76%	10.54%	11.29%	11.69%	10.72%	10.15%	10.39%	13.38%	12.19%
EBITDA Margin	0.52%	7.42%	7.44%	6.04%	6.73%	8.76%	5.79%	7.50%	6.75%	9.07%	8.82%
Operating Margin	-2.86%	2.37%	4.41%	2.57%	3.01%	3.29%	2.00%	2.33%	2.89%	5.33%	4.62%
EBIT Margin	-2.99%	4.05%	4.10%	2.27%	2.80%	4.77%	1.94%	3.49%	2.94%	5.15%	5.15%
Profit (Net Income) Margin	-3.40%	1.97%	2.25%	0.73%	1.05%	2.47%	0.40%	1.60%	0.93%	2.78%	2.82%
Tax Burden Percent	75.43%	76.44%	85.92%	98.18%	87.36%	76.79%	79.49%	77.92%	58.68%	75.00%	77.59%
Interest Burden Percent	150.86%	63.61%	63.77%	32.54%	43.07%	67.33%	26.00%	59.00%	53.78%	72.00%	70.52%
Effective Tax Rate	0.00%	23.56%	14.08%	1.82%	12.64%	23.21%	20.51%	22.08%	41.32%	25.00%	22.41%
Return on Invested Capital (ROIC)	-4.52%	3.75%	7.63%	4.97%	5.03%	4.65%	2.87%	3.28%	3.10%	7.24%	6.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.79%	3.90%	6.27%	3.57%	3.86%	4.60%	1.95%	3.12%	2.51%	6.27%	5.81%
Return on Net Nonoperating Assets (RNNOA)	-7.49%	5.28%	8.93%	5.30%	5.83%	7.02%	3.01%	4.75%	3.77%	8.65%	8.21%
Return on Equity (ROE)	-12.01%	9.04%	16.56%	10.27%	10.87%	11.67%	5.88%	8.03%	6.87%	15.89%	14.64%
Cash Return on Invested Capital (CROIC)	-12.08%	-12.60%	-11.89%	-1.94%	5.13%	9.91%	6.78%	2.53%	-1.03%	-5.75%	-7.33%
Operating Return on Assets (OROA)	-4.35%	5.46%	5.46%	3.08%	3.79%	6.22%	2.52%	4.54%	3.88%	6.65%	6.64%
Return on Assets (ROA)	-4.95%	2.66%	2.99%	0.98%	1.43%	3.22%	0.52%	2.09%	1.22%	3.59%	3.64%
Return on Common Equity (ROCE)	-12.01%	9.04%	16.56%	10.27%	10.87%	11.67%	5.88%	8.03%	6.87%	15.89%	14.64%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.43%	1.61%	2.06%	0.00%	7.44%	6.15%	7.09%	0.00%	6.63%	7.02%
Net Operating Profit after Tax (NOPAT)	-16	15	31	19	19	19	12	14	13	31	29
NOPAT Margin	-2.00%	1.81%	3.79%	2.52%	2.63%	2.53%	1.59%	1.81%	1.69%	3.99%	3.58%
Net Nonoperating Expense Percent (NNEP)	1.27%	-0.14%	1.37%	1.40%	1.17%	0.05%	0.92%	0.16%	0.59%	0.96%	0.62%
Return On Investment Capital (ROIC_SIMPLE)	-0.93%	-	-	-	1.12%	1.09%	-	-	0.76%	1.73%	1.59%
Cost of Revenue to Revenue	92.91%	90.53%	88.24%	89.46%	88.71%	88.31%	89.28%	89.85%	89.61%	86.62%	87.81%
SG&A Expenses to Revenue	3.61%	3.68%	3.96%	4.10%	4.20%	4.42%	4.09%	3.85%	3.63%	3.96%	3.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.77%	7.11%	7.35%	7.97%	8.29%	8.39%	8.71%	7.82%	7.50%	8.05%	7.57%
Earnings before Interest and Taxes (EBIT)	-23	33	33	17	20	35	15	26	23	40	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.00	60	61	45	49	65	45	56	52	71	73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.75	1.76	1.71	1.81	1.66	2.07	2.12	1.75	1.67	1.29	1.66
Price to Tangible Book Value (P/TBV)	1.98	1.98	1.92	2.03	1.86	2.30	2.35	1.94	1.85	1.41	1.81
Price to Revenue (P/Rev)	0.32	0.34	0.35	0.37	0.35	0.46	0.47	0.39	0.37	0.32	0.41
Price to Earnings (P/E)	0.00	0.00	279.01	170.14	22.96	27.80	34.42	24.66	23.90	19.44	23.68
Dividend Yield	4.45%	4.39%	4.52%	4.26%	4.55%	3.58%	3.53%	4.25%	4.43%	5.08%	3.85%
Earnings Yield	0.00%	0.00%	0.36%	0.59%	4.36%	3.60%	2.91%	4.05%	4.18%	5.14%	4.22%
Enterprise Value to Invested Capital (EV/IC)	1.29	1.29	1.27	1.32	1.27	1.44	1.45	1.30	1.27	1.12	1.28
Enterprise Value to Revenue (EV/Rev)	0.61	0.66	0.67	0.69	0.66	0.77	0.80	0.73	0.71	0.65	0.76
Enterprise Value to EBITDA (EV/EBITDA)	17.42	16.93	12.75	12.70	9.54	10.59	11.21	9.70	9.48	8.61	9.84
Enterprise Value to EBIT (EV/EBIT)	200.29	110.96	36.22	35.98	19.78	21.90	24.78	20.61	19.98	17.83	19.82
Enterprise Value to NOPAT (EV/NOPAT)	743.94	0.00	61.58	39.58	25.41	27.41	32.86	31.47	33.14	26.04	29.93
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	16.17	9.63	7.83	9.35	10.92	12.82	12.42	15.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	24.71	14.22	21.16	51.84	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.64	1.70	1.65	1.62	1.59	1.56	1.57	1.56	1.56	1.38	1.39
Long-Term Debt to Equity	1.64	1.70	1.65	1.62	1.59	1.56	1.57	1.56	1.56	1.38	1.39
Financial Leverage	1.29	1.36	1.43	1.48	1.51	1.53	1.54	1.52	1.50	1.38	1.41
Leverage Ratio	3.56	3.62	3.67	3.62	3.55	3.56	3.53	3.50	3.47	3.33	3.36
Compound Leverage Factor	5.37	2.31	2.34	1.18	1.53	2.40	0.92	2.07	1.87	2.40	2.37
Debt to Total Capital	62.19%	62.91%	62.29%	61.87%	61.45%	61.01%	61.12%	60.95%	60.93%	57.93%	58.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	62.19%	62.91%	62.29%	61.87%	61.45%	61.01%	61.12%	60.95%	60.93%	57.93%	58.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	37.81%	37.09%	37.71%	38.13%	38.55%	38.99%	38.88%	39.05%	39.07%	42.07%	41.92%
Debt to EBITDA	8.68	8.43	6.33	6.14	4.86	4.76	4.92	4.67	4.61	4.50	4.50
Net Debt to EBITDA	8.20	8.19	6.21	5.87	4.47	4.29	4.59	4.47	4.53	4.40	4.44
Long-Term Debt to EBITDA	8.68	8.43	6.33	6.14	4.86	4.76	4.92	4.67	4.61	4.50	4.50
Debt to NOPAT	370.75	-733.27	30.58	19.12	12.95	12.32	14.42	15.15	16.12	13.59	13.68
Net Debt to NOPAT	350.25	-711.84	30.01	18.30	11.92	11.12	13.45	14.49	15.83	13.31	13.51
Long-Term Debt to NOPAT	370.75	-733.27	30.58	19.12	12.95	12.32	14.42	15.15	16.12	13.59	13.68
Altman Z-Score	2.20	2.20	2.19	2.17	2.13	2.21	2.14	2.08	2.05	2.05	2.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.49	2.61	2.81	2.68	2.68	2.66	2.55	2.60	2.44	2.67	2.70
Quick Ratio	1.02	1.08	1.15	1.10	1.14	1.18	1.15	1.09	0.90	1.00	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-202	-183	-189	-66	21	97	52	-13	-69	-143	-176
Operating Cash Flow to CapEx	-7.49%	-78.38%	164.10%	240.11%	320.26%	211.00%	60.18%	75.61%	77.50%	149.21%	36.47%
Free Cash Flow to Firm to Interest Expense	-17.11	-15.41	-15.65	-5.83	1.85	8.44	4.70	-1.26	-6.60	-12.75	-14.11
Operating Cash Flow to Interest Expense	-0.38	-1.71	5.63	7.88	6.46	5.50	2.37	3.19	4.17	5.09	1.27
Operating Cash Flow Less CapEx to Interest Expense	-5.47	-3.88	2.20	4.60	4.44	2.90	-1.57	-1.03	-1.21	1.68	-2.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.35	1.33	1.35	1.36	1.30	1.30	1.30	1.32	1.29	1.29
Accounts Receivable Turnover	9.06	7.38	7.97	8.64	8.72	7.94	7.71	8.16	8.90	8.25	7.77
Inventory Turnover	6.84	6.28	5.93	5.52	5.50	5.30	5.59	5.50	5.49	5.20	5.31
Fixed Asset Turnover	3.48	3.29	3.15	3.07	2.99	2.88	2.80	2.76	2.73	2.73	2.72
Accounts Payable Turnover	9.69	8.40	8.75	9.77	9.88	9.62	10.19	10.20	10.36	9.63	9.23
Days Sales Outstanding (DSO)	40.27	49.44	45.79	42.27	41.87	45.99	47.36	44.71	41.00	44.23	46.97
Days Inventory Outstanding (DIO)	53.37	58.08	61.56	66.08	66.42	68.84	65.34	66.40	66.53	70.20	68.78
Days Payable Outstanding (DPO)	37.67	43.45	41.72	37.36	36.95	37.94	35.83	35.78	35.24	37.90	39.56
Cash Conversion Cycle (CCC)	55.97	64.07	65.63	70.98	71.34	76.88	76.88	75.34	72.29	76.53	76.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,612	1,682	1,672	1,636	1,610	1,604	1,632	1,663	1,691	1,778	1,838
Invested Capital Turnover	2.26	2.08	2.01	1.97	1.92	1.84	1.80	1.81	1.83	1.81	1.79
Increase / (Decrease) in Invested Capital	186	198	220	85	-2.30	-78	-40	27	82	174	206
Enterprise Value (EV)	2,083	2,164	2,122	2,152	2,041	2,315	2,371	2,162	2,142	1,997	2,353
Market Capitalization	1,102	1,117	1,088	1,157	1,084	1,376	1,401	1,167	1,119	976	1,291
Book Value per Share	$39.60	$39.87	$39.94	$40.01	$40.73	$41.49	$41.20	$41.46	$41.52	$47.00	$48.04
Tangible Book Value per Share	$34.95	$35.31	$35.48	$35.65	$36.43	$37.26	$37.06	$37.40	$37.52	$43.08	$44.20
Total Capital	1,669	1,714	1,692	1,680	1,692	1,705	1,703	1,708	1,710	1,799	1,851
Total Debt	1,038	1,078	1,054	1,039	1,040	1,040	1,041	1,041	1,042	1,042	1,075
Total Long-Term Debt	1,038	1,078	1,054	1,039	1,040	1,040	1,041	1,041	1,042	1,042	1,075
Net Debt	981	1,046	1,034	995	957	939	970	996	1,023	1,021	1,062
Capital Expenditures (CapEx)	60	26	42	37	23	30	44	45	56	38	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	567	623	622	573	538	537	544	567	557	663	711
Debt-free Net Working Capital (DFNWC)	624	654	642	617	620	638	614	613	576	684	724
Net Working Capital (NWC)	624	654	642	617	620	638	614	613	576	684	724
Net Nonoperating Expense (NNE)	11	-1.30	13	13	11	0.46	9.22	1.56	5.87	9.45	6.28
Net Nonoperating Obligations (NNO)	981	1,046	1,034	995	957	939	970	996	1,023	1,021	1,062
Total Depreciation and Amortization (D&A)	27	27	27	28	28	29	30	30	29	31	30
Debt-free, Cash-free Net Working Capital to Revenue	16.53%	18.94%	19.77%	18.23%	17.42%	17.79%	18.27%	19.02%	18.43%	21.62%	22.84%
Debt-free Net Working Capital to Revenue	18.20%	19.90%	20.40%	19.65%	20.09%	21.16%	20.63%	20.56%	19.04%	22.32%	23.27%
Net Working Capital to Revenue	18.20%	19.90%	20.40%	19.65%	20.09%	21.16%	20.63%	20.56%	19.04%	22.32%	23.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.66)	$1.00	$1.14	$0.34	$0.47	$1.53	$0.19	$0.75	$0.44	$1.34	$1.44
Adjusted Weighted Average Basic Shares Outstanding	15.91M	15.94M	15.97M	16.00M	15.99M	16.03M	16.07M	16.09M	16.07M	16.12M	16.16M
Adjusted Diluted Earnings per Share	($1.66)	$0.99	$1.14	$0.34	$0.45	$1.51	$0.19	$0.74	$0.43	$1.31	$1.41
Adjusted Weighted Average Diluted Shares Outstanding	15.91M	16.10M	16.08M	16.15M	16.13M	16.23M	16.40M	16.34M	16.32M	16.40M	16.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.94M	15.98M	16.01M	16.01M	16.02M	16.07M	16.09M	16.09M	16.10M	16.15M	16.18M
Normalized Net Operating Profit after Tax (NOPAT)	-14	16	32	20	20	19	18	14	13	32	30
Normalized NOPAT Margin	-1.80%	1.94%	3.92%	2.73%	2.72%	2.54%	2.29%	1.89%	1.69%	4.17%	3.59%
Pre Tax Income Margin	-4.51%	2.58%	2.62%	0.74%	1.21%	3.21%	0.50%	2.06%	1.58%	3.70%	3.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.97	2.75	2.76	1.48	1.76	3.06	1.35	2.44	2.16	3.57	3.39
NOPAT to Interest Expense	-1.32	1.23	2.55	1.65	1.65	1.62	1.11	1.27	1.25	2.77	2.36
EBIT Less CapEx to Interest Expense	-7.06	0.57	-0.67	-1.80	-0.26	0.45	-2.59	-1.78	-3.22	0.16	-0.10
NOPAT Less CapEx to Interest Expense	-6.41	-0.95	-0.88	-1.64	-0.37	-0.99	-2.83	-2.95	-4.14	-0.64	-1.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-169.26%	-229.82%	486.41%	380.30%	106.78%	102.02%	124.32%	107.19%	108.33%	101.59%	93.76%
Augmented Payout Ratio	-169.26%	-229.82%	486.41%	380.30%	106.78%	102.02%	124.32%	107.19%	108.33%	101.59%	93.76%

Key Financial Trends

Financial Performance and Profitability:

Kaiser Aluminum has demonstrated a recovery and growth in net income over recent quarters, with Q2 2025 net income continuing operations reaching $23.2 million, showing an improvement from $21.6 million in Q1 2025.
Operating revenue has steadily increased from $737.5 million in Q1 2024 to $823.1 million in Q2 2025, indicating growing sales.
Gross profit remains solid, improving from $86.2 million in Q1 2024 to $100.3 million in Q2 2025, reflecting effective cost management despite rising operating costs.
Diluted earnings per share have grown from $1.12 in Q1 2024 to $1.41 in Q2 2025, indicative of improving profitability on a per-share basis.
Interest expense remains significant, approximately $12.5 million in Q2 2025, which continues to weigh on operating income and net earnings.

Cash Flow and Capital Expenditures:

Net cash from operating activities declined from $63.3 million in Q1 2024 to $15.9 million in Q2 2025, signaling growing challenges in cash generation from core business operations.
Capital expenditures remain substantial with purchases of property, plant, and equipment at $43.6 million in Q2 2025, consistent with ongoing investment needs.
Net cash used in investing activities has risen, reaching -$43.7 million in Q2 2025, consistent with expansion and maintenance investments.
There is active debt management with issuance of $175.1 million of debt in Q2 2025, offset by repayments of $142.9 million, signaling refinancing or liability restructuring activity.
Dividend payments remain steady at about $12.8 million in Q2 2025, reflecting consistent shareholder returns.

Balance Sheet and Financial Position:

Total assets have increased modestly to $2.51 billion in Q2 2025, with significant investment in property, plant, and equipment over time (approx. $1.2 billion).
Common equity has increased from approximately $635.6 million in Q1 2023 to $776 million in Q2 2025, supporting continued financial stability.
Long-term debt remains elevated at about $1.08 billion in Q2 2025, with total liabilities at $1.74 billion, indicating leverage but manageable given earnings trajectory.
Cash and equivalents have declined to $13.1 million in Q2 2025 from highs of over $100 million during early 2023, suggesting tighter liquidity but offset by operating cash and credit facilities likely in place.

Summary:

Kaiser Aluminum has shown improving revenues and profitability since the losses in late 2022, with earnings per share trending positively. The company continues to invest significantly in capital expenditures, supporting long-term operations and growth. While cash flow from operations has softened recently and debt remains high, active debt refinancing and steady dividends indicate management’s focus on balancing growth with financial discipline. The increase in net income and gross profit over the past year is encouraging for shareholders, but investors should monitor cash flow trends and debt levels closely given sizable capital demands.

08/09/25 04:18 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Kaiser Aluminum's Financials

When does Kaiser Aluminum's fiscal year end?

According to the most recent income statement we have on file, Kaiser Aluminum's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Kaiser Aluminum's net income changed over the last 10 years?

Kaiser Aluminum's net income appears to be on an upward trend, with a most recent value of $46.80 million in 2024, falling from $71.80 million in 2014. The previous period was $47.20 million in 2023. See Kaiser Aluminum's forecast for analyst expectations on what’s next for the company.

What is Kaiser Aluminum's operating income?

Kaiser Aluminum's total operating income in 2024 was $87.70 million, based on the following breakdown:

Total Gross Profit: $332.90 million
Total Operating Expenses: $245.20 million

How has Kaiser Aluminum's revenue changed over the last 10 years?

Over the last 10 years, Kaiser Aluminum's total revenue changed from $1.36 billion in 2014 to $3.02 billion in 2024, a change of 123.0%.

How much debt does Kaiser Aluminum have?

Kaiser Aluminum's total liabilities were at $1.67 billion at the end of 2024, a 3.2% increase from 2023, and a 129.0% increase since 2014.

How much cash does Kaiser Aluminum have?

In the past 10 years, Kaiser Aluminum's cash and equivalents has ranged from $18.40 million in 2024 to $780.30 million in 2020, and is currently $18.40 million as of their latest financial filing in 2024.

How has Kaiser Aluminum's book value per share changed over the last 10 years?

Over the last 10 years, Kaiser Aluminum's book value per share changed from 57.10 in 2014 to 41.52 in 2024, a change of -27.3%.

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This page (NASDAQ:KALU) was last updated on 8/9/2025 by MarketBeat.com Staff

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