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Kaiser Aluminum (KALU) Financials

Kaiser Aluminum logo
$177.84 -1.58 (-0.88%)
Closing price 05/14/2026 04:00 PM Eastern
Extended Trading
$168.24 -9.60 (-5.40%)
As of 09:25 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Kaiser Aluminum

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -237 92 45 92 62 29 -19 -30 68 66 113
Consolidated Net Income / (Loss)		 -237 92 45 92 62 29 -19 -30 68 66 113
Net Income / (Loss) Continuing Operations		 -237 92 45 92 62 29 -19 -30 68 66 113
Total Pre-Tax Income 		-372 147 133 120 80 39 -24 -38 83 88 150
Total Operating Income		 -346 181 155 144 126 81 64 4.00 123 112 189
Total Gross Profit		 277 330 312 285 299 231 274 248 359 357 442
Total Revenue		 1,392 1,331 1,398 1,586 1,514 1,173 2,622 3,428 3,087 3,024 3,373
Operating Revenue		 1,392 1,331 1,398 1,586 1,514 1,173 2,622 3,428 3,087 3,024 3,373
Total Cost of Revenue		 1,115 1,001 1,086 1,301 1,215 941 2,348 3,180 2,728 2,667 2,931
Operating Cost of Revenue		 1,115 1,001 1,086 1,301 1,215 941 2,348 3,180 2,728 2,667 2,931
Total Operating Expenses		 622 149 156 142 173 150 210 244 236 245 254
Selling, General & Admin Expense		 88 105 98 96 98 91 119 111 123 121 129
Depreciation Expense		 32 36 40 44 49 52 92 107 109 116 123
Other Operating Expenses / (Income)		 500 7.70 0.80 1.40 0.90 -0.60 0.00 3.20 0.00 0.40 0.00
Restructuring Charge		 - - - 0.00 0.00 7.50 -0.80 2.20 5.00 7.60 1.90
Total Other Income / (Expense), net		 -26 -34 -22 -24 -45 -42 -88 -42 -40 -24 -39
Interest Expense		 24 20 22 23 25 41 50 48 47 44 50
Other Income / (Expense), net		 -1.80 -14 0.00 -0.90 -21 -1.40 -39 6.40 7.40 20 11
Income Tax Expense		 -135 56 88 28 18 10 -5.50 -8.30 15 22 38
Basic Earnings per Share		 ($13.76) $5.15 $2.67 $5.53 $3.88 $1.82 ($1.17) ($1.86) $4.25 $4.08 $6.96
Weighted Average Basic Shares Outstanding		 17.20M 17.81M 17.00M 16.59M 16.00M 15.80M 15.84M 15.91M 15.99M 16.07M 16.17M
Diluted Earnings per Share		 ($13.76) $5.09 $2.63 $5.43 $3.83 $1.81 ($1.17) ($1.86) $4.21 $4.02 $6.77
Weighted Average Diluted Shares Outstanding		 17.20M 18.03M 17.26M 16.87M 16.20M 15.91M 15.84M 15.91M 16.13M 16.32M 16.62M
Weighted Average Basic & Diluted Shares Outstanding		 17.20M 17.80M 17M 16.09M 15.85M 15.81M 15.87M 15.94M 16.02M 16.10M 16.21M
Cash Dividends to Common per Share		 $1.60 $1.80 $2.00 $2.20 $2.40 $2.68 $2.88 $3.08 $3.08 $3.08 $3.08

Quarterly Income Statements for Kaiser Aluminum

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 5.40 7.60 18 19 8.80 7.10 22 23 40 28 63
Consolidated Net Income / (Loss)		 5.40 7.60 18 19 8.80 7.10 22 23 40 28 63
Net Income / (Loss) Continuing Operations		 5.40 7.60 18 19 8.80 7.10 22 23 40 28 63
Total Pre-Tax Income 		5.50 8.70 24 25 11 12 29 30 48 44 82
Total Operating Income		 19 22 24 36 13 22 41 38 49 61 98
Total Gross Profit		 78 82 86 104 72 80 104 100 115 123 164
Total Revenue		 744 722 738 773 748 765 777 823 844 929 1,107
Operating Revenue		 744 722 738 773 748 765 777 823 844 929 1,107
Total Cost of Revenue		 665 640 651 670 676 686 673 723 729 806 943
Operating Cost of Revenue		 665 640 651 670 676 686 673 723 729 806 943
Total Operating Expenses		 59 60 62 67 59 57 63 62 66 63 66
Selling, General & Admin Expense		 31 30 33 32 29 28 31 33 34 32 35
Depreciation Expense		 27 29 29 29 29 30 30 30 32 31 30
Other Operating Expenses / (Income)		 0.00 - 0.40 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Restructuring Charge		 1.60 0.80 0.10 6.80 0.70 - 1.80 0.10 0.00 - 0.00
Total Other Income / (Expense), net		 -14 -13 -0.60 -12 -2.00 -10 -13 -8.10 -1.00 -17 -15
Interest Expense		 11 12 12 11 11 10 11 13 12 14 14
Other Income / (Expense), net		 -2.20 -1.50 11 -0.50 8.70 0.40 -1.40 4.40 11 -3.10 -1.00
Income Tax Expense		 0.10 1.10 5.50 5.70 2.40 5.00 7.20 6.70 8.30 15 20
Basic Earnings per Share		 $0.34 $0.47 $1.13 $1.18 $0.54 $0.44 $1.34 $1.44 $2.44 $1.74 $3.85
Weighted Average Basic Shares Outstanding		 16.00M 15.99M 16.03M 16.07M 16.09M 16.07M 16.12M 16.16M 16.19M 16.17M 16.25M
Diluted Earnings per Share		 $0.34 $0.45 $1.12 $1.15 $0.54 $0.43 $1.31 $1.41 $2.38 $1.67 $3.71
Weighted Average Diluted Shares Outstanding		 16.15M 16.13M 16.23M 16.40M 16.34M 16.32M 16.40M 16.48M 16.61M 16.62M 16.84M
Weighted Average Basic & Diluted Shares Outstanding		 16.01M 16.02M 16.07M 16.09M 16.09M 16.10M 16.15M 16.18M 16.21M 16.21M 16.34M
Cash Dividends to Common per Share		 $0.77 - $0.77 - $0.77 - $0.77 - $0.77 - $0.77

Annual Cash Flow Statements for Kaiser Aluminum

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 -104 -16 -3.40 75 139 516 -477 -246 29 -63 -11
Net Cash From Operating Activities		 160 166 142 150 232 207 79 -63 212 167 111
Net Cash From Continuing Operating Activities		 160 166 142 150 232 207 79 -63 212 167 111
Net Income / (Loss) Continuing Operations		 -237 92 45 92 62 29 -19 -30 68 66 113
Consolidated Net Income / (Loss)		 -237 92 45 92 62 29 -19 -30 68 66 113
Depreciation Expense		 31 35 38 42 46 49 83 98 103 112 118
Amortization Expense		 5.90 2.60 2.60 2.80 4.00 4.90 11 12 7.50 6.80 9.00
Non-Cash Adjustments To Reconcile Net Income		 450 -2.50 -1.00 22 61 31 29 -77 16 8.00 33
Changes in Operating Assets and Liabilities, net		 -91 39 56 -8.50 60 93 -25 -66 18 -25 -161
Net Cash From Investing Activities		 20 -276 -26 31 -102 27 -666 -126 -128 -175 -78
Net Cash From Continuing Investing Activities		 20 -276 -26 31 -102 27 -666 -126 -128 -175 -78
Purchase of Property, Plant & Equipment		 -63 -76 -76 -74 -60 -52 -58 -143 -143 -181 -137
Purchase of Investments		 -0.50 -255 -248 -136 -132 -39 -0.40 -0.30 - - -0.40
Sale of Property, Plant & Equipment		 0.00 0.00 0.60 0.60 0.20 0.30 1.80 11 15 6.00 53
Sale and/or Maturity of Investments		 84 55 297 284 91 118 0.00 0.00 0.10 0.30 6.40
Net Cash From Financing Activities		 -284 95 -119 -106 8.50 282 109 -57 -54 -55 -45
Net Cash From Continuing Financing Activities		 -284 95 -119 -106 8.50 282 109 -57 -54 -55 -45
Repayment of Debt		 -206 -213 -0.40 -0.70 -402 -7.90 -392 -3.90 -217 -2.50 -1,144
Payment of Dividends		 -28 -32 -35 -38 -39 -43 -47 -50 -50 -51 -51
Issuance of Debt		 0.00 375 0.00 0.00 500 350 550 0.00 215 0.00 1,153
Other Financing Activities, net		 1.30 1.20 -4.50 -6.90 -6.20 -4.30 -2.60 -2.80 -1.80 -2.10 -3.00

Quarterly Cash Flow Statements for Kaiser Aluminum

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 87 38 19 -31 -25 -26 3.40 -8.40 4.10 -10 23
Net Cash From Operating Activities		 90 74 63 26 34 43 57 16 59 -21 88
Net Cash From Continuing Operating Activities		 153 74 63 26 34 43 57 16 59 -21 88
Net Income / (Loss) Continuing Operations		 5.40 7.60 18 3.10 12 7.10 22 23 40 28 63
Consolidated Net Income / (Loss)		 5.40 7.60 18 3.10 12 7.10 22 23 40 28 63
Depreciation Expense		 26 28 28 28 28 29 29 28 31 30 29
Amortization Expense		 2.20 0.80 1.70 2.00 2.10 0.70 1.60 1.80 1.70 3.90 1.80
Non-Cash Adjustments To Reconcile Net Income		 83 14 4.40 33 -23 -32 11 7.00 13 1.70 -7.10
Changes in Operating Assets and Liabilities, net		 36 25 11 -40 16 39 -6.40 -45 -26 -84 1.40
Net Cash From Investing Activities		 -37 -23 -30 -44 -45 -56 -38 -44 -7.80 12 -19
Net Cash From Continuing Investing Activities		 -37 -23 -30 -44 -45 -56 -38 -44 -7.80 12 -19
Purchase of Property, Plant & Equipment		 -37 -23 -30 -44 -51 -56 -38 -44 -25 -31 -19
Purchase of Investments		 - - - - - - - - - - 0.00
Sale of Property, Plant & Equipment		 - - - - 6.00 - 0.00 - 11 42 0.00
Sale and/or Maturity of Investments		 0.10 - 0.10 0.10 0.10 - 0.00 0.10 6.30 - 0.00
Net Cash From Financing Activities		 -28 -13 -14 -14 -14 -14 -15 19 -47 -1.40 -45
Net Cash From Continuing Financing Activities		 -28 -13 -14 -14 -14 -14 -15 19 -47 -1.40 -45
Repayment of Debt		 -22 -0.40 -0.40 -0.50 -1.10 -0.50 -43 -143 -106 -851 -95
Payment of Dividends		 -13 -13 -13 -13 -13 -13 -13 -13 -13 -13 -14
Issuance of Debt		 5.10 - 0.00 - - - 43 175 73 863 72
Other Financing Activities, net		 1.10 - -1.20 -0.60 - -0.30 -1.80 - -1.10 -0.10 -8.80

Annual Balance Sheets for Kaiser Aluminum

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 1,247 1,444 1,385 1,419 1,526 1,865 2,422 2,289 2,267 2,410 2,565
Total Current Assets		 502 656 657 657 780 1,121 1,205 1,043 990 1,075 1,262
Cash & Equivalents		 73 55 51 126 264 780 303 57 82 18 7.00
Accounts Receivable		 123 150 181 205 185 124 386 371 338 342 423
Inventories, net		 220 202 208 215 178 152 405 525 477 602 725
Prepaid Expenses		 57 19 33 19 19 29 49 31 35 39 43
Other Current Assets		 - - 0.00 55 55 36 63 59 59 73 63
Plant, Property, & Equipment, net		 495 531 571 612 622 627 955 1,013 1,052 1,161 1,145
Total Noncurrent Assets		 250 257 157 151 124 116 262 233 225 174 158
Goodwill		 37 37 19 44 19 19 39 19 19 19 19
Intangible Assets		 31 26 25 32 30 27 68 55 50 46 41
Noncurrent Deferred & Refundable Income Taxes		 163 160 72 36 12 0.00 3.40 7.50 6.00 4.00 0.20
Other Noncurrent Operating Assets		 20 33 41 39 64 71 151 151 150 106 98
Total Liabilities & Shareholders' Equity		 1,247 1,444 1,385 1,419 1,526 1,865 2,422 2,289 2,267 2,410 2,565
Total Liabilities		 473 639 639 679 792 1,132 1,730 1,658 1,615 1,667 1,739
Total Current Liabilities		 169 165 173 206 170 158 457 419 370 401 427
Short-Term Debt		 0.10 - - - - - - - - - 0.00
Accounts Payable		 77 76 90 121 92 86 351 305 253 267 275
Accrued Expenses		 53 40 41 44 44 41 58 68 64 79 91
Current Employee Benefit Liabilities		 40 49 43 40 34 31 47 45 53 54 61
Total Noncurrent Liabilities		 303 474 466 473 622 974 1,273 1,239 1,245 1,266 1,312
Long-Term Debt		 195 369 370 370 493 838 1,036 1,038 1,040 1,042 1,060
Noncurrent Deferred & Payable Income Tax Liabilities		 2.10 3.30 4.30 4.20 4.50 14 11 4.90 14 44 75
Noncurrent Employee Benefit Liabilities		 - - - - - 1.30 93 69 77 71 73
Other Noncurrent Operating Liabilities		 107 102 92 99 125 121 134 127 115 109 103
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		 774 805 746 740 734 732 693 631 652 743 826
Total Preferred & Common Equity		 774 805 746 740 734 732 693 631 652 743 826
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		 774 805 746 740 734 732 693 631 652 743 826
Common Stock		 1,037 1,048 1,056 1,060 1,063 1,069 1,079 1,091 1,105 1,117 1,133
Retained Earnings		 16 75 86 150 173 158 93 13 10 81 143
Treasury Stock		 -247 -281 -359 -421 -463 -476 -476 -476 -476 -476 -476
Accumulated Other Comprehensive Income / (Loss)		 -32 -37 -37 -49 -39 -19 -3.70 3.20 13 21 27

Quarterly Balance Sheets for Kaiser Aluminum

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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 9/30/2025 3/31/2026
Total Assets		 2,374 2,330 2,268 2,268 2,300 2,316 2,311 2,440 2,513 2,592 2,790
Total Current Assets		 1,128 1,060 997 984 1,023 1,011 995 1,094 1,151 1,244 1,487
Cash & Equivalents		 129 32 20 45 102 70 46 21 13 17 30
Accounts Receivable		 368 408 389 359 353 384 371 390 418 421 529
Inventories, net		 538 538 498 489 471 447 474 572 596 702 799
Prepaid Expenses		 41 30 34 40 35 46 42 42 55 50 54
Other Current Assets		 51 53 56 53 63 64 62 68 69 54 76
Plant, Property, & Equipment, net		 990 1,038 1,041 1,058 1,055 1,085 1,100 1,192 1,205 1,200 1,140
Total Noncurrent Assets		 256 232 230 226 222 221 216 154 157 148 163
Goodwill		 39 19 19 19 19 19 19 19 19 19 19
Intangible Assets		 57 54 53 51 49 48 47 44 43 42 40
Noncurrent Deferred & Refundable Income Taxes		 6.60 4.50 5.10 5.00 5.40 6.00 6.30 3.30 2.60 1.40 0.00
Other Noncurrent Operating Assets		 154 155 154 151 149 148 144 88 93 86 104
Total Liabilities & Shareholders' Equity		 2,374 2,330 2,268 2,268 2,300 2,316 2,311 2,440 2,513 2,592 2,790
Total Liabilities		 1,732 1,694 1,629 1,627 1,635 1,654 1,644 1,683 1,737 1,786 1,913
Total Current Liabilities		 468 406 355 367 385 396 382 410 426 501 602
Short-Term Debt		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable		 337 282 236 243 274 282 275 290 318 393 494
Accrued Expenses		 89 81 70 73 65 66 55 67 55 50 56
Current Employee Benefit Liabilities		 42 43 48 51 46 49 52 53 53 58 52
Total Noncurrent Liabilities		 1,263 1,288 1,275 1,260 1,250 1,257 1,262 1,273 1,311 1,285 1,311
Long-Term Debt		 1,038 1,078 1,054 1,039 1,040 1,041 1,041 1,042 1,075 1,043 1,038
Noncurrent Deferred & Payable Income Tax Liabilities		 4.70 5.70 6.50 8.00 20 21 24 51 56 65 94
Noncurrent Employee Benefit Liabilities		 92 70 78 79 76 78 78 72 71 71 73
Other Noncurrent Operating Liabilities		 129 135 136 134 115 118 120 108 108 107 107
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 642 636 638 641 665 662 667 757 776 806 877
Total Preferred & Common Equity		 642 636 638 641 665 662 667 757 776 806 877
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		 642 636 638 641 665 662 667 757 776 806 877
Common Stock		 1,087 1,093 1,097 1,101 1,108 1,111 1,115 1,120 1,124 1,128 1,130
Retained Earnings		 52 17 22 15 22 13 12 90 100 127 191
Treasury Stock		 -476 -476 -476 -476 -476 -476 -476 -476 -476 -476 -476
Accumulated Other Comprehensive Income / (Loss)		 -22 2.10 -5.20 0.80 11 14 16 23 27 27 32

Annual Metrics And Ratios for Kaiser Aluminum

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.64% -4.40% 5.03% 13.48% -4.53% -22.55% 123.59% 30.74% -9.94% -2.04% 11.54%
EBITDA Growth		 -265.87% 165.79% -4.15% -4.33% -17.22% -13.78% -11.05% 0.42% 78.93% 5.56% 30.63%
EBIT Growth		 -340.46% 148.17% -7.34% -8.05% -26.42% -24.10% -68.01% -59.22% 892.31% 3.88% 51.94%
NOPAT Growth		 -361.91% 146.59% -53.04% 107.13% -11.67% -37.90% -25.11% -93.79% 2,768.41% -19.52% 69.04%
Net Income Growth		 -429.53% 138.76% -50.49% 101.98% -32.39% -53.55% -164.24% -60.00% 259.46% -0.85% 71.23%
EPS Growth		 -456.48% 136.99% -48.33% 106.46% -29.47% -52.74% -164.64% -58.97% 256.99% -1.71% 68.41%
Operating Cash Flow Growth		 28.69% 3.69% -14.55% 6.15% 54.66% -10.93% -61.62% -179.47% 435.82% -21.14% -33.33%
Free Cash Flow Firm Growth		 -90.91% 605.57% -35.94% -28.34% 282.51% -5.21% -484.58% 68.92% 145.02% -120.53% 140.04%
Invested Capital Growth		 -22.75% 2.38% -0.69% 7.65% -6.85% -10.56% 80.41% 13.07% -0.14% 5.07% 6.36%
Revenue Q/Q Growth		 -1.51% 1.16% 1.54% 2.34% -1.35% -7.62% 25.60% -0.88% -1.73% 1.47% 5.10%
EBITDA Q/Q Growth		 1.02% 6.90% -1.46% -2.44% -22.47% 27.89% 11.31% -24.92% 26.33% 1.39% 16.65%
EBIT Q/Q Growth		 1.67% 7.65% -2.51% -3.84% -30.65% 55.97% -7.27% -78.99% 72.58% 2.19% 27.45%
NOPAT Q/Q Growth		 2.37% 14.24% -47.24% 75.33% -15.44% 2.36% -2.87% 103.05% 47.72% -5.93% 29.15%
Net Income Q/Q Growth		 -0.98% 13.91% -46.65% 73.35% -35.55% 134.15% -29.37% -1,873.33% 257.58% -1.06% 32.04%
EPS Q/Q Growth		 -0.44% 14.13% -46.00% 70.75% -34.75% 129.11% -31.46% -1,966.67% 260.49% -0.69% 31.20%
Operating Cash Flow Q/Q Growth		 23.51% 4.68% -25.41% 22.61% 21.24% -9.69% -11.28% -404.80% 59.20% -15.61% -36.49%
Free Cash Flow Firm Q/Q Growth		 -58.89% 10.50% -54.84% 1,784.68% 16.64% -36.71% 2.91% -1.49% 367.98% -140.68% 148.95%
Invested Capital Q/Q Growth		 -10.17% -9.47% -7.21% -6.52% -10.80% -2.06% -2.44% 3.97% -1.58% 1.73% 2.56%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.86% 24.79% 22.30% 17.98% 19.74% 19.73% 10.45% 7.23% 10.76% 11.01% 13.12%
EBITDA Margin		 -22.34% 15.38% 14.03% 11.83% 10.26% 11.42% 4.54% 3.49% 6.93% 7.47% 9.70%
Operating Margin		 -24.85% 13.61% 11.11% 9.05% 8.30% 6.92% 2.46% 0.12% 3.10% 2.90% 5.60%
EBIT Margin		 -24.98% 12.59% 11.11% 9.00% 6.93% 6.80% 0.97% 0.30% 3.34% 3.55% 5.93%
Profit (Net Income) Margin		 -17.00% 6.89% 3.25% 5.78% 4.09% 2.46% -0.71% -0.86% 1.53% 1.55% 3.34%
Tax Burden Percent		 63.64% 62.30% 34.14% 76.42% 77.11% 74.23% 77.08% 78.10% 83.84% 73.70% 75.00%
Interest Burden Percent		 106.93% 87.88% 85.70% 84.09% 76.57% 48.68% -94.12% -364.42% 54.55% 59.24% 74.96%
Effective Tax Rate		 0.00% 37.70% 65.86% 23.58% 22.89% 25.77% 0.00% 0.00% 16.16% 26.30% 25.00%
Return on Invested Capital (ROIC)		 -24.35% 12.87% 5.99% 12.00% 10.58% 7.19% 4.07% 0.18% 4.99% 3.92% 7.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 -18.77% -11.31% -0.98% 1.48% -8.95% -23.08% -12.01% -3.60% 1.57% 2.12% 4.97%
Return on Net Nonoperating Assets (RNNOA)		 -2.08% -1.25% -0.14% 0.34% -2.17% -3.27% -6.67% -4.66% 2.37% 3.17% 6.57%
Return on Equity (ROE)		 -26.43% 11.61% 5.85% 12.34% 8.41% 3.93% -2.60% -4.47% 7.36% 7.09% 14.34%
Cash Return on Invested Capital (CROIC)		 1.31% 10.52% 6.68% 4.63% 17.68% 18.34% -53.28% -12.08% 5.13% -1.03% 1.60%
Operating Return on Assets (OROA)		 -23.25% 12.45% 10.97% 10.18% 7.13% 4.70% 1.19% 0.44% 4.53% 4.68% 8.04%
Return on Assets (ROA)		 -15.82% 6.82% 3.21% 6.54% 4.21% 1.70% -0.86% -1.26% 2.07% 2.04% 4.52%
Return on Common Equity (ROCE)		 -26.43% 11.61% 5.85% 12.34% 8.41% 3.93% -2.60% -4.47% 7.36% 7.09% 14.34%
Return on Equity Simple (ROE_SIMPLE)		 -30.55% 11.40% 6.08% 12.39% 8.45% 3.93% -2.67% -4.69% 7.24% 7.01% 0.00%
Net Operating Profit after Tax (NOPAT)		 -242 113 53 110 97 60 45 2.80 80 65 142
NOPAT Margin		 -17.40% 8.48% 3.79% 6.92% 6.40% 5.13% 1.72% 0.08% 2.60% 2.14% 4.20%
Net Nonoperating Expense Percent (NNEP)		 -5.58% 24.18% 6.97% 10.52% 19.53% 30.28% 16.08% 3.78% 3.42% 1.80% 2.80%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 0.17% 4.75% 3.78% 7.51%
Cost of Revenue to Revenue		 80.14% 75.21% 77.70% 82.02% 80.26% 80.27% 89.55% 92.77% 89.24% 88.99% 86.88%
SG&A Expenses to Revenue		 6.33% 7.89% 6.98% 6.07% 6.47% 7.78% 4.53% 3.24% 3.97% 3.99% 3.83%
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		 44.72% 11.18% 11.19% 8.93% 11.44% 12.82% 7.99% 7.11% 7.65% 8.11% 7.52%
Earnings before Interest and Taxes (EBIT)		 -348 168 155 143 105 80 26 10 103 107 200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -311 205 196 188 155 134 119 120 214 226 327
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.48 1.36 1.95 1.64 2.02 1.87 1.93 1.75 1.66 1.67 2.24
Price to Tangible Book Value (P/TBV)		 1.62 1.48 2.07 1.83 2.17 1.99 2.28 1.98 1.86 1.85 2.41
Price to Revenue (P/Rev)		 0.82 0.82 1.04 0.76 0.98 1.17 0.51 0.32 0.35 0.37 0.55
Price to Earnings (P/E)		 0.00 11.96 32.07 13.23 23.95 47.46 0.00 0.00 22.96 23.90 16.45
Dividend Yield		 2.48% 2.94% 2.32% 2.99% 2.57% 3.10% 3.41% 4.45% 4.55% 4.43% 2.70%
Earnings Yield		 0.00% 8.36% 3.12% 7.56% 4.18% 2.11% 0.00% 0.00% 4.36% 4.18% 6.08%
Enterprise Value to Invested Capital (EV/IC)		 1.43 1.33 1.81 1.50 1.85 1.80 1.45 1.29 1.27 1.27 1.55
Enterprise Value to Revenue (EV/Rev)		 0.89 0.89 1.14 0.90 1.08 1.21 0.79 0.61 0.66 0.71 0.86
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 5.76 8.11 7.57 10.53 10.64 17.39 17.42 9.54 9.48 8.88
Enterprise Value to EBIT (EV/EBIT)		 0.00 7.04 10.25 9.96 15.57 17.87 81.21 200.29 19.78 19.98 14.51
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 10.45 30.03 12.95 16.86 23.67 45.94 743.94 25.41 33.14 20.50
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.74 7.12 11.24 9.46 7.04 6.89 26.08 0.00 9.63 12.82 26.06
Enterprise Value to Free Cash Flow (EV/FCFF)		 94.55 12.79 26.93 33.56 10.09 9.28 0.00 0.00 24.71 0.00 99.42
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.25 0.46 0.50 0.50 0.67 1.14 1.50 1.64 1.59 1.56 1.28
Long-Term Debt to Equity		 0.25 0.46 0.50 0.50 0.67 1.14 1.50 1.64 1.59 1.56 1.28
Financial Leverage		 0.11 0.11 0.14 0.23 0.24 0.14 0.56 1.29 1.51 1.50 1.32
Leverage Ratio		 1.67 1.70 1.82 1.89 2.00 2.31 3.01 3.56 3.55 3.47 3.17
Compound Leverage Factor		 1.79 1.50 1.56 1.59 1.53 1.13 -2.83 -12.97 1.94 2.06 2.38
Debt to Total Capital		 20.09% 31.42% 33.12% 33.35% 40.16% 53.37% 59.94% 62.19% 61.45% 60.93% 56.19%
Short-Term Debt to Total Capital		 0.01% 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		 20.08% 31.42% 33.12% 33.35% 40.16% 53.37% 59.94% 62.19% 61.45% 60.93% 56.19%
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		 79.91% 68.58% 66.88% 66.65% 59.84% 46.63% 40.06% 37.81% 38.55% 39.07% 43.81%
Debt to EBITDA		 -0.63 1.80 1.88 1.97 3.17 6.26 8.70 8.68 4.86 4.61 3.24
Net Debt to EBITDA		 -0.30 0.40 0.69 1.11 0.96 0.43 6.16 8.20 4.47 4.53 3.22
Long-Term Debt to EBITDA		 -0.63 1.80 1.88 1.97 3.17 6.26 8.70 8.68 4.86 4.61 3.24
Debt to NOPAT		 -0.80 3.27 6.98 3.38 5.08 13.92 22.99 370.75 12.95 16.12 7.48
Net Debt to NOPAT		 -0.38 0.73 2.54 1.90 1.54 0.96 16.26 350.25 11.92 15.83 7.43
Long-Term Debt to NOPAT		 -0.80 3.27 6.98 3.38 5.08 13.92 22.99 370.75 12.95 16.12 7.48
Altman Z-Score		 1.99 2.82 3.25 3.05 2.98 2.23 2.01 2.25 2.25 2.17 2.68
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		 2.96 3.98 3.79 3.20 4.58 7.08 2.64 2.49 2.68 2.44 2.95
Quick Ratio		 1.33 2.64 2.40 1.79 3.10 5.72 1.51 1.02 1.14 0.90 1.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 13 92 59 42 162 153 -590 -184 83 -17 29
Operating Cash Flow to CapEx		 253.09% 217.61% 188.92% 204.35% 387.17% 400.97% 141.28% -47.98% 165.55% 95.60% 132.94%
Free Cash Flow to Firm to Interest Expense		 0.54 4.54 2.66 1.86 6.58 3.75 -11.93 -3.80 1.76 -0.39 0.58
Operating Cash Flow to Interest Expense		 6.63 8.16 6.37 6.62 9.44 5.06 1.60 -1.31 4.52 3.82 2.22
Operating Cash Flow Less CapEx to Interest Expense		 4.01 4.41 3.00 3.38 7.00 3.80 0.47 -4.03 1.79 -0.18 0.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.93 0.99 0.99 1.13 1.03 0.69 1.22 1.46 1.36 1.32 1.36
Accounts Receivable Turnover		 10.58 9.77 8.47 8.22 7.75 7.58 10.28 9.06 8.72 8.90 8.82
Inventory Turnover		 5.14 4.75 5.30 6.15 6.19 5.71 8.44 6.84 5.50 5.49 4.42
Fixed Asset Turnover		 2.93 2.59 2.54 2.68 2.45 1.88 3.31 3.48 2.99 2.73 2.92
Accounts Payable Turnover		 14.11 13.13 13.10 12.31 11.39 10.57 10.73 9.69 9.88 10.36 10.82
Days Sales Outstanding (DSO)		 34.48 37.36 43.11 44.41 47.08 48.18 35.50 40.27 41.87 41.00 41.40
Days Inventory Outstanding (DIO)		 71.06 76.81 68.82 59.35 58.98 63.90 43.26 53.37 66.42 66.53 82.64
Days Payable Outstanding (DPO)		 25.87 27.81 27.86 29.66 32.05 34.53 34.00 37.67 36.95 35.24 33.72
Cash Conversion Cycle (CCC)		 79.67 86.36 84.06 74.10 74.01 77.55 44.76 55.97 71.34 72.29 90.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 867 887 881 949 884 790 1,426 1,612 1,610 1,691 1,879
Invested Capital Turnover		 1.40 1.52 1.58 1.73 1.65 1.40 2.37 2.26 1.92 1.83 1.85
Increase / (Decrease) in Invested Capital		 -255 21 -6.10 67 -65 -93 635 186 -2.30 82 112
Enterprise Value (EV)		 1,236 1,179 1,591 1,421 1,635 1,425 2,071 2,083 2,041 2,142 2,903
Market Capitalization		 1,144 1,097 1,456 1,213 1,485 1,367 1,338 1,102 1,084 1,119 1,851
Book Value per Share		 $43.65 $44.93 $44.15 $44.87 $46.22 $46.32 $43.66 $39.60 $40.73 $41.52 $50.97
Tangible Book Value per Share		 $39.84 $41.38 $41.56 $40.24 $43.17 $43.44 $36.91 $34.95 $36.43 $37.52 $47.28
Total Capital		 969 1,173 1,116 1,111 1,227 1,571 1,729 1,669 1,692 1,710 1,886
Total Debt		 195 369 370 370 493 838 1,036 1,038 1,040 1,042 1,060
Total Long-Term Debt		 195 369 370 370 493 838 1,036 1,038 1,040 1,042 1,060
Net Debt		 92 83 135 208 150 58 733 981 957 1,023 1,053
Capital Expenditures (CapEx)		 63 76 75 74 60 52 56 132 128 175 84
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 230 205 249 289 266 183 446 567 538 557 827
Debt-free Net Working Capital (DFNWC)		 332 491 484 451 609 963 749 624 620 576 834
Net Working Capital (NWC)		 332 491 484 451 609 963 749 624 620 576 834
Net Nonoperating Expense (NNE)		 -5.53 21 7.58 18 35 31 64 32 33 18 29
Net Nonoperating Obligations (NNO)		 92 83 135 208 150 58 733 981 957 1,023 1,053
Total Depreciation and Amortization (D&A)		 37 37 41 45 50 54 94 109 111 119 127
Debt-free, Cash-free Net Working Capital to Revenue		 16.52% 15.38% 17.80% 18.21% 17.59% 15.59% 16.99% 16.53% 17.42% 18.43% 24.53%
Debt-free Net Working Capital to Revenue		 23.88% 36.89% 34.60% 28.44% 40.25% 82.13% 28.55% 18.20% 20.09% 19.04% 24.73%
Net Working Capital to Revenue		 23.87% 36.89% 34.60% 28.44% 40.25% 82.13% 28.55% 18.20% 20.09% 19.04% 24.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($13.76) $5.15 $2.67 $5.53 $3.88 $1.82 ($1.17) ($1.86) $2.95 $2.91 $6.96
Adjusted Weighted Average Basic Shares Outstanding		 17.20M 17.81M 17.00M 16.59M 16.00M 15.80M 15.84M 15.91M 15.99M 16.07M 16.17M
Adjusted Diluted Earnings per Share		 ($13.76) $5.09 $2.63 $5.43 $3.83 $1.81 ($1.17) ($1.86) $2.92 $2.87 $6.77
Adjusted Weighted Average Diluted Shares Outstanding		 17.20M 18.03M 17.26M 16.87M 16.20M 15.91M 15.84M 15.91M 16.13M 16.32M 16.62M
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		 18.00M 17.48M 16.76M 16.09M 15.85M 15.81M 15.87M 15.94M 16.02M 16.10M 16.21M
Normalized Net Operating Profit after Tax (NOPAT)		 -240 113 122 110 116 66 45 19 85 70 143
Normalized NOPAT Margin		 -17.27% 8.48% 8.70% 6.92% 7.69% 5.61% 1.70% 0.55% 2.74% 2.32% 4.24%
Pre Tax Income Margin		 -26.71% 11.06% 9.52% 7.57% 5.31% 3.31% -0.92% -1.11% 1.82% 2.10% 4.45%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -14.43 8.25 6.99 6.29 4.27 1.95 0.52 0.22 2.20 2.45 3.99
NOPAT to Interest Expense		 -10.05 5.56 2.39 4.83 3.94 1.47 0.91 0.06 1.71 1.48 2.83
EBIT Less CapEx to Interest Expense		 -17.05 4.50 3.62 3.05 1.83 0.69 -0.62 -2.51 -0.53 -1.55 2.32
NOPAT Less CapEx to Interest Expense		 -12.67 1.81 -0.99 1.60 1.50 0.21 -0.22 -2.66 -1.02 -2.52 1.15
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -11.88% 35.33% 77.09% 41.11% 63.55% 150.69% -252.43% -169.26% 106.78% 108.33% 45.60%
Augmented Payout Ratio		 -33.85% 74.81% 252.20% 107.31% 134.84% 194.10% -252.43% -169.26% 106.78% 108.33% 45.60%

Quarterly Metrics And Ratios for Kaiser Aluminum

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 16,210,443.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 16,210,443.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 3.86
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.71% -7.00% -8.68% -5.00% 0.55% 6.06% 5.41% 6.43% 12.81% 21.37% 42.37%
EBITDA Growth		 6.90% 1,115.00% 7.85% -26.07% 24.94% 6.38% 9.13% 11.35% 79.85% 32.17% 81.42%
EBIT Growth		 7.64% 187.07% 7.65% -55.09% 54.44% 11.39% 13.64% 18.77% 174.89% 47.81% 142.00%
NOPAT Growth		 800.13% 221.98% 27.81% -60.06% -27.70% -31.59% 66.39% 6.01% 288.82% 46.88% 138.91%
Net Income Growth		 116.00% 128.79% 14.47% -83.06% 122.22% -6.58% 18.68% 22.75% 348.86% 42.42% 189.35%
EPS Growth		 112.50% 127.11% 13.13% -83.33% 117.65% -4.44% 16.96% 22.61% 340.74% 38.02% 183.21%
Operating Cash Flow Growth		 236.89% 1,751.11% 411.82% -61.38% -62.03% -41.59% -9.95% -39.54% 73.31% -147.47% 54.21%
Free Cash Flow Firm Growth		 23.64% 110.53% 152.92% 127.58% 79.77% -422.88% -247.18% -360.39% -675.61% 43.74% 76.61%
Invested Capital Growth		 5.50% -0.14% -4.66% -2.39% 1.65% 5.07% 10.84% 12.61% 10.18% 6.36% 6.05%
Revenue Q/Q Growth		 -8.66% -2.95% 2.19% 4.87% -3.32% 2.37% 1.57% 5.88% 2.48% 10.14% 19.14%
EBITDA Q/Q Growth		 -25.91% 8.24% 32.92% -38.88% 25.22% -7.84% 36.36% 2.98% 27.82% -1.72% 40.24%
EBIT Q/Q Growth		 -49.40% 19.53% 74.26% -65.60% 74.00% -13.79% 77.78% 6.00% 41.98% -4.49% 68.35%
NOPAT Q/Q Growth		 -39.20% 1.09% -1.56% -50.84% 10.05% -4.36% 139.44% -5.04% 36.77% -2.58% 88.82%
Net Income Q/Q Growth		 -70.49% 40.74% 139.47% -87.40% 287.10% -40.83% 204.23% 7.41% 70.26% -28.61% 121.63%
EPS Q/Q Growth		 -70.18% 32.35% 148.89% -87.42% 289.47% -41.89% 204.65% 7.63% 68.79% -29.83% 122.16%
Operating Cash Flow Q/Q Growth		 31.86% -17.26% -14.80% -58.45% 29.66% 27.27% 31.34% -72.11% 271.70% -134.86% 526.70%
Free Cash Flow Firm Q/Q Growth		 64.91% 131.99% 356.62% -49.53% -125.74% -410.60% -108.14% -23.43% 26.85% 43.31% 54.29%
Invested Capital Q/Q Growth		 -2.19% -1.58% -0.37% 1.79% 1.85% 1.73% 5.10% 3.41% -0.34% 2.56% 0.34%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 10.54% 11.29% 11.69% 10.72% 10.15% 10.39% 13.38% 12.19% 13.60% 13.28% 14.78%
EBITDA Margin		 6.04% 6.73% 8.76% 5.79% 7.50% 6.75% 9.07% 8.82% 11.00% 9.82% 11.56%
Operating Margin		 2.57% 3.01% 3.29% 2.00% 2.33% 2.89% 5.33% 4.62% 5.79% 6.52% 8.84%
EBIT Margin		 2.27% 2.80% 4.77% 1.94% 3.49% 2.94% 5.15% 5.15% 7.14% 6.19% 8.75%
Profit (Net Income) Margin		 0.73% 1.05% 2.47% 0.40% 1.60% 0.93% 2.78% 2.82% 4.68% 3.04% 5.65%
Tax Burden Percent		 98.18% 87.36% 76.79% 79.49% 77.92% 58.68% 75.00% 77.59% 82.64% 64.83% 75.85%
Interest Burden Percent		 32.54% 43.07% 67.33% 26.00% 59.00% 53.78% 72.00% 70.52% 79.40% 75.65% 85.12%
Effective Tax Rate		 1.82% 12.64% 23.21% 20.51% 22.08% 41.32% 25.00% 22.41% 17.36% 35.17% 24.15%
Return on Invested Capital (ROIC)		 4.97% 5.03% 4.65% 2.87% 3.28% 3.10% 7.24% 6.43% 8.78% 7.83% 13.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.57% 3.86% 4.60% 1.95% 3.12% 2.51% 6.27% 5.81% 8.70% 6.76% 12.40%
Return on Net Nonoperating Assets (RNNOA)		 5.30% 5.83% 7.02% 3.01% 4.75% 3.77% 8.65% 8.21% 11.94% 8.94% 15.39%
Return on Equity (ROE)		 10.27% 10.87% 11.67% 5.88% 8.03% 6.87% 15.89% 14.64% 20.72% 16.77% 28.94%
Cash Return on Invested Capital (CROIC)		 -1.94% 5.13% 9.91% 6.78% 2.53% -1.03% -5.75% -7.33% -3.41% 1.60% 4.21%
Operating Return on Assets (OROA)		 3.08% 3.79% 6.22% 2.52% 4.54% 3.88% 6.65% 6.64% 9.34% 8.39% 12.38%
Return on Assets (ROA)		 0.98% 1.43% 3.22% 0.52% 2.09% 1.22% 3.59% 3.64% 6.13% 4.12% 8.00%
Return on Common Equity (ROCE)		 10.27% 10.87% 11.67% 5.88% 8.03% 6.87% 15.89% 14.64% 20.72% 16.77% 28.94%
Return on Equity Simple (ROE_SIMPLE)		 2.06% 0.00% 7.44% 6.15% 7.09% 0.00% 6.63% 7.02% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 19 19 19 12 14 13 31 29 40 39 74
NOPAT Margin		 2.52% 2.63% 2.53% 1.59% 1.81% 1.69% 3.99% 3.58% 4.78% 4.23% 6.70%
Net Nonoperating Expense Percent (NNEP)		 1.40% 1.17% 0.05% 0.92% 0.16% 0.59% 0.96% 0.62% 0.08% 1.07% 1.15%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.12% 1.09% - - 0.76% 1.73% 1.59% 2.18% 2.08% 3.87%
Cost of Revenue to Revenue		 89.46% 88.71% 88.31% 89.28% 89.85% 89.61% 86.62% 87.81% 86.40% 86.72% 85.22%
SG&A Expenses to Revenue		 4.10% 4.20% 4.42% 4.09% 3.85% 3.63% 3.96% 3.96% 4.02% 3.43% 3.20%
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		 7.97% 8.29% 8.39% 8.71% 7.82% 7.50% 8.05% 7.57% 7.81% 6.76% 5.95%
Earnings before Interest and Taxes (EBIT)		 17 20 35 15 26 23 40 42 60 58 97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 45 49 65 45 56 52 71 73 93 91 128
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.81 1.66 2.07 2.12 1.75 1.67 1.29 1.66 1.55 2.24 2.23
Price to Tangible Book Value (P/TBV)		 2.03 1.86 2.30 2.35 1.94 1.85 1.41 1.81 1.68 2.41 2.39
Price to Revenue (P/Rev)		 0.37 0.35 0.46 0.47 0.39 0.37 0.32 0.41 0.39 0.55 0.53
Price to Earnings (P/E)		 170.14 22.96 27.80 34.42 24.66 23.90 19.44 23.68 14.65 16.45 12.73
Dividend Yield		 4.26% 4.55% 3.58% 3.53% 4.25% 4.43% 5.08% 3.85% 3.99% 2.70% 2.56%
Earnings Yield		 0.59% 4.36% 3.60% 2.91% 4.05% 4.18% 5.14% 4.22% 6.83% 6.08% 7.85%
Enterprise Value to Invested Capital (EV/IC)		 1.32 1.27 1.44 1.45 1.30 1.27 1.12 1.28 1.24 1.55 1.57
Enterprise Value to Revenue (EV/Rev)		 0.69 0.66 0.77 0.80 0.73 0.71 0.65 0.76 0.71 0.86 0.80
Enterprise Value to EBITDA (EV/EBITDA)		 12.70 9.54 10.59 11.21 9.70 9.48 8.61 9.84 8.11 8.88 7.70
Enterprise Value to EBIT (EV/EBIT)		 35.98 19.78 21.90 24.78 20.61 19.98 17.83 19.82 14.48 14.51 11.53
Enterprise Value to NOPAT (EV/NOPAT)		 39.58 25.41 27.41 32.86 31.47 33.14 26.04 29.93 20.74 20.50 16.03
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.17 9.63 7.83 9.35 10.92 12.82 12.42 15.64 12.96 26.06 20.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 24.71 14.22 21.16 51.84 0.00 0.00 0.00 0.00 99.42 38.39
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.62 1.59 1.56 1.57 1.56 1.56 1.38 1.39 1.29 1.28 1.18
Long-Term Debt to Equity		 1.62 1.59 1.56 1.57 1.56 1.56 1.38 1.39 1.29 1.28 1.18
Financial Leverage		 1.48 1.51 1.53 1.54 1.52 1.50 1.38 1.41 1.37 1.32 1.24
Leverage Ratio		 3.62 3.55 3.56 3.53 3.50 3.47 3.33 3.36 3.33 3.17 3.20
Compound Leverage Factor		 1.18 1.53 2.40 0.92 2.07 1.87 2.40 2.37 2.64 2.40 2.72
Debt to Total Capital		 61.87% 61.45% 61.01% 61.12% 60.95% 60.93% 57.93% 58.08% 56.40% 56.19% 54.19%
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		 61.87% 61.45% 61.01% 61.12% 60.95% 60.93% 57.93% 58.08% 56.40% 56.19% 54.19%
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		 38.13% 38.55% 38.99% 38.88% 39.05% 39.07% 42.07% 41.92% 43.60% 43.81% 45.81%
Debt to EBITDA		 6.14 4.86 4.76 4.92 4.67 4.61 4.50 4.50 3.72 3.24 2.70
Net Debt to EBITDA		 5.87 4.47 4.29 4.59 4.47 4.53 4.40 4.44 3.66 3.22 2.62
Long-Term Debt to EBITDA		 6.14 4.86 4.76 4.92 4.67 4.61 4.50 4.50 3.72 3.24 2.70
Debt to NOPAT		 19.12 12.95 12.32 14.42 15.15 16.12 13.59 13.68 9.51 7.48 5.62
Net Debt to NOPAT		 18.30 11.92 11.12 13.45 14.49 15.83 13.31 13.51 9.36 7.43 5.46
Long-Term Debt to NOPAT		 19.12 12.95 12.32 14.42 15.15 16.12 13.59 13.68 9.51 7.48 5.62
Altman Z-Score		 2.17 2.13 2.21 2.14 2.08 2.05 2.05 2.14 2.15 2.50 2.53
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		 2.68 2.68 2.66 2.55 2.60 2.44 2.67 2.70 2.48 2.95 2.47
Quick Ratio		 1.10 1.14 1.18 1.15 1.09 0.90 1.00 1.01 0.88 1.01 0.93
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -66 21 97 52 -13 -69 -143 -176 -129 -73 -33
Operating Cash Flow to CapEx		 240.11% 320.26% 211.00% 60.18% 75.61% 77.50% 149.21% 36.47% 419.15% 0.00% 453.09%
Free Cash Flow to Firm to Interest Expense		 -5.83 1.85 8.44 4.70 -1.26 -6.60 -12.75 -14.11 -10.40 -5.22 -2.32
Operating Cash Flow to Interest Expense		 7.88 6.46 5.50 2.37 3.19 4.17 5.09 1.27 4.77 -1.47 6.10
Operating Cash Flow Less CapEx to Interest Expense		 4.60 4.44 2.90 -1.57 -1.03 -1.21 1.68 -2.22 3.63 -0.62 4.76
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.35 1.36 1.30 1.30 1.30 1.32 1.29 1.29 1.31 1.36 1.42
Accounts Receivable Turnover		 8.64 8.72 7.94 7.71 8.16 8.90 8.25 7.77 8.10 8.82 8.06
Inventory Turnover		 5.52 5.50 5.30 5.59 5.50 5.49 5.20 5.31 4.79 4.42 4.67
Fixed Asset Turnover		 3.07 2.99 2.88 2.80 2.76 2.73 2.73 2.72 2.79 2.92 3.18
Accounts Payable Turnover		 9.77 9.88 9.62 10.19 10.20 10.36 9.63 9.23 8.44 10.82 8.17
Days Sales Outstanding (DSO)		 42.27 41.87 45.99 47.36 44.71 41.00 44.23 46.97 45.05 41.40 45.28
Days Inventory Outstanding (DIO)		 66.08 66.42 68.84 65.34 66.40 66.53 70.20 68.78 76.15 82.64 78.20
Days Payable Outstanding (DPO)		 37.36 36.95 37.94 35.83 35.78 35.24 37.90 39.56 43.26 33.72 44.70
Cash Conversion Cycle (CCC)		 70.98 71.34 76.88 76.88 75.34 72.29 76.53 76.19 77.94 90.32 78.78
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,636 1,610 1,604 1,632 1,663 1,691 1,778 1,838 1,832 1,879 1,885
Invested Capital Turnover		 1.97 1.92 1.84 1.80 1.81 1.83 1.81 1.79 1.84 1.85 2.02
Increase / (Decrease) in Invested Capital		 85 -2.30 -78 -40 27 82 174 206 169 112 108
Enterprise Value (EV)		 2,152 2,041 2,315 2,371 2,162 2,142 1,997 2,353 2,274 2,903 2,961
Market Capitalization		 1,157 1,084 1,376 1,401 1,167 1,119 976 1,291 1,248 1,851 1,954
Book Value per Share		 $40.01 $40.73 $41.49 $41.20 $41.46 $41.52 $47.00 $48.04 $49.83 $50.97 $54.12
Tangible Book Value per Share		 $35.65 $36.43 $37.26 $37.06 $37.40 $37.52 $43.08 $44.20 $46.06 $47.28 $50.50
Total Capital		 1,680 1,692 1,705 1,703 1,708 1,710 1,799 1,851 1,849 1,886 1,915
Total Debt		 1,039 1,040 1,040 1,041 1,041 1,042 1,042 1,075 1,043 1,060 1,038
Total Long-Term Debt		 1,039 1,040 1,040 1,041 1,041 1,042 1,042 1,075 1,043 1,060 1,038
Net Debt		 995 957 939 970 996 1,023 1,021 1,062 1,026 1,053 1,008
Capital Expenditures (CapEx)		 37 23 30 44 45 56 38 44 14 -12 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 573 538 537 544 567 557 663 711 726 827 856
Debt-free Net Working Capital (DFNWC)		 617 620 638 614 613 576 684 724 744 834 886
Net Working Capital (NWC)		 617 620 638 614 613 576 684 724 744 834 886
Net Nonoperating Expense (NNE)		 13 11 0.46 9.22 1.56 5.87 9.45 6.28 0.83 11 12
Net Nonoperating Obligations (NNO)		 995 957 939 970 996 1,023 1,021 1,062 1,026 1,053 1,008
Total Depreciation and Amortization (D&A)		 28 28 29 30 30 29 31 30 33 34 31
Debt-free, Cash-free Net Working Capital to Revenue		 18.23% 17.42% 17.79% 18.27% 19.02% 18.43% 21.62% 22.84% 22.63% 24.53% 23.11%
Debt-free Net Working Capital to Revenue		 19.65% 20.09% 21.16% 20.63% 20.56% 19.04% 22.32% 23.27% 23.17% 24.73% 23.92%
Net Working Capital to Revenue		 19.65% 20.09% 21.16% 20.63% 20.56% 19.04% 22.32% 23.27% 23.17% 24.73% 23.92%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.34 $0.47 $1.53 $0.19 $0.75 $0.44 $1.34 $1.44 $2.44 $1.74 $3.85
Adjusted Weighted Average Basic Shares Outstanding		 16.00M 15.99M 16.03M 16.07M 16.09M 16.07M 16.12M 16.16M 16.19M 16.17M 16.25M
Adjusted Diluted Earnings per Share		 $0.34 $0.45 $1.51 $0.19 $0.74 $0.43 $1.31 $1.41 $2.38 $1.67 $3.71
Adjusted Weighted Average Diluted Shares Outstanding		 16.15M 16.13M 16.23M 16.40M 16.34M 16.32M 16.40M 16.48M 16.61M 16.62M 16.84M
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		 16.01M 16.02M 16.07M 16.09M 16.09M 16.10M 16.15M 16.18M 16.21M 16.21M 16.34M
Normalized Net Operating Profit after Tax (NOPAT)		 20 20 19 18 14 13 32 30 40 39 74
Normalized NOPAT Margin		 2.73% 2.72% 2.54% 2.29% 1.89% 1.69% 4.17% 3.59% 4.78% 4.23% 6.70%
Pre Tax Income Margin		 0.74% 1.21% 3.21% 0.50% 2.06% 1.58% 3.70% 3.63% 5.67% 4.68% 7.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.48 1.76 3.06 1.35 2.44 2.16 3.57 3.39 4.85 4.11 6.72
NOPAT to Interest Expense		 1.65 1.65 1.62 1.11 1.27 1.25 2.77 2.36 3.25 2.81 5.15
EBIT Less CapEx to Interest Expense		 -1.80 -0.26 0.45 -2.59 -1.78 -3.22 0.16 -0.10 3.72 4.96 5.38
NOPAT Less CapEx to Interest Expense		 -1.64 -0.37 -0.99 -2.83 -2.95 -4.14 -0.64 -1.13 2.12 3.66 3.80
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 380.30% 106.78% 102.02% 124.32% 107.19% 108.33% 101.59% 93.76% 60.09% 45.60% 33.90%
Augmented Payout Ratio		 380.30% 106.78% 102.02% 124.32% 107.19% 108.33% 101.59% 93.76% 60.09% 45.60% 33.90%

Financials Breakdown Chart

Key Financial Trends

Kaiser Aluminum (NASDAQ: KALU) has produced a mix of rising revenue, stable profitability, and variable cash flow across the last four years. Below are the top trends drawn from quarterly income statements, cash flow statements, and balance sheets (2022–2025). This summary targets retail investors with a general understanding of the stock market.

  • Revenue recovery in 2025: Operating revenue rose through 2024 into 2025, hitting $929 million in Q4 2025 (vs. $843.5 million in Q3 2025 and higher than many 2023–2024 quarters).
  • Gross margin remaining in the low-teens: Gross profit margins have been in the 11–14% range across many quarters, with Q4 2025 gross margin around 13% (123.4m gross profit on 929m revenue).
  • Profitability improving through 2025: Net income and earnings per share strengthened over 2025, including Q4 2025 net income attributable to common shareholders of about $28.2 million and diluted EPS near $1.67 (Q3 2025 diluted EPS around $2.38 in some quarters).
  • Positive operating cash flow in most quarters: Operating cash flow was positive in many periods (e.g., Q3 2025: about $59.1 million; Q1 2025: about $57.0 million), underscoring ongoing cash generation, despite some quarterly swings.
  • Steady dividend support: The company continues to pay a cash dividend of $0.77 per share, providing a steady income stream to shareholders.
  • Solid near-term liquidity: Mid-2025 liquidity remained robust, with Total Current Assets around $1.24–$1.25 billion and Total Current Liabilities around $0.50 billion, delivering a healthy current ratio (>2x).
  • Active capex signaling capacity maintenance: Ongoing capital spending on property, plant, and equipment (PPE) in 2025 (e.g., ~$30.5 million in Q4 2025; ~$24.6 million in Q3 2025) suggests continued maintenance and potential efficiency gains.
  • Market cyclicality and cash-flow swings: Revenue and cash flows reflect aluminum market cycles and customer demand shifts, leading to quarterly volatility rather than a straight-line path.
  • Rising leverage and debt issuance: Long-term debt hovered around $1.04–$1.08 billion through 2024–2025, and Kaiser issued a large amount of debt in 2025 (e.g., about $862.9 million in Q4 2025), increasing leverage and interest expense risk.
  • Near-term cash-flow pressure from working capital (in at least one 2025 quarter): Q4 2025 cash flow from continuing operating activities was negative (about −$20.6 million) due largely to shifts in operating assets and liabilities, indicating potential liquidity sensitivity if working capital remains stressed.
05/15/26 09:28 AM ETAI Generated. May Contain Errors.

Kaiser Aluminum Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kaiser Aluminum's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Kaiser Aluminum's net income appears to be on an upward trend, with a most recent value of $112.50 million in 2025, falling from -$236.60 million in 2015. The previous period was $65.70 million in 2024. View Kaiser Aluminum's forecast to see where analysts expect Kaiser Aluminum to go next.

Kaiser Aluminum's total operating income in 2025 was $188.80 million, based on the following breakdown:
  • Total Gross Profit: $442.40 million
  • Total Operating Expenses: $253.60 million

Over the last 10 years, Kaiser Aluminum's total revenue changed from $1.39 billion in 2015 to $3.37 billion in 2025, a change of 142.3%.

Kaiser Aluminum's total liabilities were at $1.74 billion at the end of 2025, a 4.3% increase from 2024, and a 268.0% increase since 2015.

In the past 10 years, Kaiser Aluminum's cash and equivalents has ranged from $7 million in 2025 to $780.30 million in 2020, and is currently $7 million as of their latest financial filing in 2025.

Over the last 10 years, Kaiser Aluminum's book value per share changed from 43.65 in 2015 to 50.97 in 2025, a change of 16.8%.


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Financial statements for NASDAQ:KALU last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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