KALUNasdaqRolling Drawing & Extruding of Nonferrous MetalsFiscal year ends December 31
KAISER ALUMINUM CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$150.21+2.96 (+2.01%)
Close on Oct 19, 2026
- Market cap
- $2.54B
- P/E (TTM)
- 11.2
- Dividend yield
- 2.05%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
13.1%−6.6 pts over 5 years
Operating margin
5.6%−1.3 pts over 5 years
Net margin
3.3%+0.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.5% | -0.5% | +23.5% | +9.3% | |
| Gross profit | +23.8% | +21.3% | +13.8% | +4.8% | |
| Operating income | +68.3% | +261.4% | +18.4% | – | |
| Net income | +71.2% | – | +31.3% | – | |
| EPS, diluted | +68.4% | – | +30.2% | – | |
| Dividend per share | 0.0% | 0.0% | +2.8% | +6.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.6% | 3.9% | 14.3% | |
| Return on assets | 6.8% | 1.7% | 4.5% | |
| Current ratio | 3.98 | 7.08 | 2.95 | |
| Debt to equity | 0.46 | 1.14 | 1.28 | |
| Net debt to EBITDA | 1.39× | 0.33× | 3.38× | |
| Interest coverage | 8.9× | 2.0× | 3.8× | |
| Inventory turnover | 4.8× | 5.7× | 4.4× | |
| Capex to revenue | 5.7% | 4.4% | 4.1% | |
| Diluted shares | 18M | 16M | 17M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kaiser Aluminum generated $632.90M from operations and spent $910.60M on capital expenditure, dividends and share buybacks. 73% of that went back into the business.
Generated
$632.90M
Used
$910.60M
Capital expenditure$661.40M73%Dividends$249.20M27%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.3%
×Asset turnover1.36×
×Equity multiplier3.17×
=Return on equity, FY202514.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.3% | 1.36× | 3.17× | 14.3% |
| FY2024 | 2.2% | 1.29× | 3.22× | 9.1% |
| FY2023 | 2.2% | 1.36× | 3.40× | 10.1% |
| FY2022 | -0.9% | 1.46× | 3.56× | -4.5% |
| FY2021 | -0.7% | 1.22× | 3.01× | -2.6% |
| FY2020 | 2.5% | 0.69× | 2.31× | 3.9% |
| FY2019 | 4.1% | 1.03× | 2.00× | 8.4% |
| FY2018 | 5.8% | 1.13× | 1.89× | 12.3% |
| FY2017 | 3.2% | 0.99× | 1.82× | 5.9% |
| FY2016 | 6.9% | 0.99× | 1.70× | 11.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$112.50M
- Cash generatingOperating cash flow above zero$111.40M
- Return on assets improvedROA up on the prior year2.9% → 4.7%
- Earnings backed by cashOperating cash flow above net income$111.40M vs $112.50M
- Less leverageLong-term debt to assets fell43.2% → 41.3%
- Better liquidityCurrent ratio rose2.68 → 2.95
- No dilutionShare count did not rise16M → 17M
- Gross margin improvedGross margin up on the prior year11.82% → 13.12%
- More efficientAsset turnover rose1.33 → 1.40