Kaiser Aluminum Corp (KALU)

Kaiser Aluminum Corporation, together with its subsidiaries, manufactures and sells semi-fabricated specialty aluminum mill products. It offers flat-rolled plate, sheet, and coil; extruded rod, bar, hollows, and shapes; drawn rod, bar, pipe, tube, and wire; and cast aluminum products. The company also offers aero/HS products, such as heat-treated plates and sheets, hard alloy extruded shapes, cold finish rods and bars, and seamless drawn tubes and billets used for end uses in the global aerospace, space, and defense industries, as well as packaging products, including bare and coated 3000 and 5000-series alloy aluminum coils used in beverage and food packaging industry. In addition, the company provides general engineering products comprising 6000-series aluminum alloy plate, sheet, rod, bar, tube, wire, and standard extruded shapes used in various applications, including the production of armor for military vehicles, ordnances, semiconductor manufacturing cells, electronic devices, power transmission bus pipe and bar, after-market motor sport parts, tooling plates, machinery and equipment parts, bolts, screws, and rivets. Further, it offers automotive extrusions consisting of 6000-series extruded aluminum products for structural components, crash management systems, anti-lock braking systems, and drawn tubes for drive shafts, as well as offers fabrication services, such as sawing and cutting to length. The company sells its products directly to aerospace and automotive manufacturers, tier one aerospace and automotive suppliers, beverage and food packaging manufacturers, and metal service centers through sales personnel located in the United States, Canada, and Western Europe. Kaiser Aluminum Corporation was founded in 1946 and is headquartered in Franklin, Tennessee.

Symbol
KALU
Exchange
Nasdaq
Sector
Basic Materials
Industry
Aluminum
Market cap
$2.52B
52 week range
73.08 - 199.89

Valuation

Share price
$156.26 (close of 2026-09-23)
P/E (TTM)
11.03x
Price to book
2.67x
Price to free cash flow
28.91x
Enterprise value
$3.53B
Book value per share
$57.73

Price performance

PeriodChange
1 day+3.52%
5 days+4.19%
1 month+1.36%
3 months-12.76%
6 months+40.28%
Year to date+36.04%
1 year+111.36%
3 years+111.99%
5 years+40.85%
10 years+82.93%
All time+270.28%

Profitability and growth

Return on equity
13.62%
Return on invested capital
7.93%
Return on assets
4.39%
Return on capital employed
8.83%
Gross margin
13.12%
Net margin
3.34%
EBITDA margin
9.23%
Revenue growth
11.54%
Net income growth
71.23%
Free cash flow growth
-86.13%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.46%
Current ratio
2.50x
Net debt to EBITDA
2.11x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$3.37B
Cost of revenue
$2.93B
Gross profit
$442.40M
EBITDA
$311.30M
Net income
$112.50M
Earnings per share
$6.96
Research and development
$10.70M
Shares outstanding
16.17M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$3.37B$442.40M$112.50M$6.96
2024-12-31$3.02B$357.40M$65.70M$4.08
2023-12-31$3.09B$358.80M$67.80M$4.25
2022-12-31$3.43B$247.70M$-29.60M$-1.86
2021-12-31$2.62B$273.90M$-18.50M$-1.17
2020-12-31$1.17B$231.40M$28.80M$1.82
2019-12-31$1.51B$298.90M$62.00M$3.88
2018-12-31$1.59B$285.20M$91.70M$5.53
2017-12-31$1.40B$311.60M$45.40M$2.67
2016-12-31$1.33B$329.80M$91.70M$5.15

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3113.12%3.34%13.62%7.93%
2024-12-3111.82%2.17%8.84%4.99%
2023-12-3111.62%2.20%9.57%6.29%
2022-12-317.23%-0.86%-4.69%0.24%
2021-12-3110.45%-0.71%-2.67%4.34%
2020-12-3119.73%2.46%3.93%8.58%
2019-12-3119.74%4.09%8.45%10.75%
2018-12-3117.98%5.78%12.39%11.70%
2017-12-3122.30%3.25%6.08%7.29%
2016-12-3124.79%6.89%11.40%11.23%

Cash and debt by year

Period endCashDebt
2025-12-31$7.00M$1.06B
2024-12-31$18.40M$1.04B
2023-12-31$82.40M$1.04B
2022-12-31$57.40M$1.04B
2021-12-31$303.20M$1.04B
2020-12-31$780.30M$838.10M
2019-12-31$264.30M$492.60M
2018-12-31$125.60M$370.40M
2018-01-01$51.10M$369.60M
2017-12-31$51.10M$369.60M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-25.50M$18.50M
2024-12-31$-13.70M$14.40M
2023-12-31$68.70M$16.10M
2022-12-31$-205.60M$14.30M
2021-12-31$21.40M$12.90M
2020-12-31$155.00M$10.00M
2019-12-31$172.10M$9.80M
2018-12-31$76.10M$10.30M
2017-12-31$66.00M$13.30M
2016-12-31$89.50M$11.80M

Dividend history

Most recent payment
2026-07-24
Paid in the last twelve months
$3.08
Payment dateDividend per share
2026-07-24$0.77
2026-04-24$0.77
2026-01-23$0.77
2025-10-24$0.77
2025-07-25$0.77
2025-04-25$0.77
2025-01-24$0.77
2024-10-25$0.77

Investor relations

Next earnings report

Next confirmed report
2026-10-28
Consensus EPS estimate
$2.08

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-22Jun/2026$2.32
2026-04-22--
2026-02-18--
2025-10-22--
2025-07-23--
2025-04-23--
2025-02-19--
2024-10-23--

Filings and sources

Company website
kaiseraluminum.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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