Kaiser Aluminum Corporation (KALU) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.66	$5.53	+107.9%	—	$1.3B	—
Q1 26	$1.96	$3.74	+90.8%	—	$1.1B	—
Q4 25	$1.56	$1.53	-1.9%	—	$929M	—
Q3 25	$0.89	$1.86	+109.0%	—	$843.5M	—
Q2 25	$0.76	$1.21	+59.2%	—	$823.1M	—
Q1 25	$0.6	$1.44	+140.0%	—	$777.4M	—
Q4 24	$0.41	$0.33	-19.5%	—	$765.4M	—
Q3 24	$0.65	$0.51	-21.5%	—	$747.7M	—
Q2 24	$0.94	$0.65	-30.9%	—	$773.4M	—
Q1 24	$0.56	$1.02	+82.1%	—	$737.5M	—
Q4 23	-$0.44	$0.6	+236.4%	—	$721.7M	—
Q3 23	$0.5	$0.46	-8.0%	—	$743.6M	—
Q2 23	$0.46	$1.26	+173.9%	—	$814.1M	—
Q1 23	-$0.16	$0.42	+362.5%	—	$807.6M	—
Q4 22	$0.03	-$0.45	-1600.0%	—	$776M	—
Q3 22	-$0.79	$0.6	+175.9%	—	$748.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.96	—	—	$3.4B	—
FY24	—	$2.91	—	—	$3B	—
FY23	—	$2.95	—	—	$3.1B	—
FY22	—	-$1.86	—	—	$3.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.4B	$1.6B	$1.5B	$1.2B	$2.6B	$3.4B	$3.1B	$3B	$3.4B
YoY change	-4.4%	+5.03%	+13.5%	-4.53%	-22.5%	+123.6%	+30.7%	-9.94%	-2.04%	+11.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.4B	1.6B	1.5B	1.2B	2.6B	3.4B	3.1B	3B	3.4B
Cost of revenue	1B	1.1B	1.3B	1.2B	941.3M	2.3B	3.2B	2.8B	2.7B	2.9B
Gross profit	324.9M	311.6M	285.2M	298.9M	231.4M	273.9M	247.7M	332.1M	332.9M	442.4M
Gross margin	24.4%	22.3%	18%	19.7%	19.7%	10.4%	7.23%	10.8%	11%	13.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	105M	97.5M	96.3M	98M	91.2M	118.8M	110.9M	122.7M	120.8M	129.2M
Operating expenses	107.8M	98.3M	97.7M	98.9M	90.6M	118.8M	114.1M	122.7M	121.2M	129.2M
Operating income	181.1M	173.6M	143.6M	150.9M	88.6M	63.6M	26.7M	100.8M	95.3M	190.7M
Operating margin	13.6%	12.4%	9.05%	9.97%	7.56%	2.43%	0.78%	3.27%	3.15%	5.65%
Non-operating income, net	-13.7M	-18.6M	-1.2M	-46.5M	-9.5M	-38.3M	-17.6M	700K	8.3M	8.6M
Pretax income	147.2M	133M	120M	80.4M	38.8M	-24M	-37.9M	56.3M	63.5M	150M
Income tax	55.5M	87.6M	28.3M	18.4M	10M	-5.5M	-8.3M	9.1M	16.7M	37.5M
Net income	91.7M	45.4M	91.7M	62M	28.8M	-18.5M	-29.6M	47.2M	46.8M	112.5M
Net margin	6.89%	3.25%	5.78%	4.09%	2.46%	-0.71%	-0.86%	1.53%	1.55%	3.34%
EBITDA	213.8M	210.1M	182.2M	194.5M	136.9M	151.8M	129.2M	202.4M	210.8M	309.2M
EPS	5.15	2.67	5.53	3.88	1.82	-1.17	-1.86	2.95	2.91	6.96
Diluted EPS	5.09	2.63	5.43	3.83	1.81	-1.17	-1.86	2.92	2.87	6.77

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	743.6M	721.7M	737.5M	773.4M	747.7M	765.4M	777.4M	823.1M	843.5M	929M	1.1B	1.3B
Cost of revenue	665.2M	640.2M	642.9M	690.5M	671.8M	685.9M	673.4M	722.8M	728.8M	805.6M	943.2M	1.1B
Gross profit	78.4M	81.5M	94.6M	82.9M	75.9M	79.5M	104M	100.3M	114.7M	123.4M	163.6M	199M
Gross margin	10.5%	11.3%	12.8%	10.7%	10.2%	10.4%	13.4%	12.2%	13.6%	13.3%	14.8%	15.8%
Research & development	—	—	—	—	—	—	—	—	—	—	600K	700K
Selling, general & administrative	30.5M	30.3M	32.6M	31.6M	28.8M	27.8M	30.8M	32.6M	33.9M	31.9M	34.8M	35M
Operating expenses	30.5M	30.3M	33M	31.6M	28.8M	27.8M	30.8M	32.6M	33.9M	31.9M	35.4M	35.7M
Operating income	20.7M	22.5M	32.8M	22.3M	18.1M	22.1M	43.2M	38.1M	48.8M	60.6M	97.8M	133.7M
Operating margin	2.78%	3.12%	4.45%	2.88%	2.42%	2.89%	5.56%	4.63%	5.79%	6.52%	8.84%	10.6%
Non-operating income, net	-4.4M	-2.8M	9.9M	-8.5M	7.1M	-200K	-3.4M	4.1M	11.2M	-3.3M	-1.2M	6.9M
Pretax income	5.5M	8.7M	32.1M	3.9M	15.4M	12.1M	28.8M	29.9M	47.8M	43.5M	82.4M	126.3M
Income tax	100K	1.1M	7.5M	800K	3.4M	5M	7.2M	6.7M	8.3M	15.3M	19.9M	29.5M
Net income	5.4M	7.6M	24.6M	3.1M	12M	7.1M	21.6M	23.2M	39.5M	28.2M	62.5M	96.8M
Net margin	0.73%	1.05%	3.34%	0.4%	1.6%	0.93%	2.78%	2.82%	4.68%	3.04%	5.65%	7.7%
EBITDA	46.2M	49.5M	62.3M	51.6M	47.5M	51.2M	71.9M	66.9M	80M	90.4M	127.4M	162.7M
EPS	0.34	—	1.53	0.19	0.75	0.44	1.34	1.44	2.44	1.73	3.85	5.92
Diluted EPS	0.34	—	1.51	0.19	0.74	0.43	1.31	1.41	2.38	1.68	3.71	5.72

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.4B	1.8B	1.5B	1.8B	1.6B	1.5B	1.2B	1.1B	1.1B	1.9B	2.5B
Enterprise value	1.5B	2B	1.7B	1.9B	1.6B	2.3B	2.2B	2.1B	2.2B	2.9B	3.5B
Shares outstanding	17.8M	17M	16.6M	16M	15.8M	15.8M	15.9M	16M	16.1M	16.2M	16.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.1	40	16.1	28.6	54.3	—	—	24.1	24.1	16.5	11.3
P/S	1.04	1.3	0.93	1.17	1.33	0.57	0.35	0.37	0.37	0.55	0.6
P/B	1.72	2.43	2	2.42	2.13	2.15	1.91	1.75	1.69	2.25	2.62
EV/EBITDA	6.86	9.29	9.27	10	12	14.9	17.3	10.5	10.4	9.5	7.58
EV/Sales	1.1	1.4	1.06	1.29	1.4	0.86	0.65	0.69	0.72	0.87	0.84
Earnings yield	6.63%	2.5%	6.19%	3.5%	1.84%	—	—	4.15%	4.14%	6.06%	8.84%
FCF yield	6.47%	3.63%	5.14%	9.7%	9.92%	1.44%	-17%	6.03%	-1.21%	-1.37%	1.33%
PEG	—	—	—	—	—	—	—	—	—	—	0.04

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.4%	22.3%	18%	19.7%	19.7%	10.4%	7.23%	10.8%	11%	13.1%	15.8%
Operating margin	13.6%	12.4%	9.05%	9.97%	7.56%	2.43%	0.78%	3.27%	3.15%	5.65%	10.6%
Net margin	6.89%	3.25%	5.78%	4.09%	2.46%	-0.71%	-0.86%	1.53%	1.55%	3.34%	5.49%
ROE	11.4%	6.08%	12.4%	8.45%	3.93%	-2.67%	-4.69%	7.24%	7.01%	13.6%	26.4%
ROA	6.35%	3.28%	6.46%	4.06%	1.54%	-0.76%	-1.29%	2.08%	2.02%	4.39%	7.75%
ROIC	12.7%	6.73%	11.6%	12.8%	8.06%	4.34%	1.61%	5.13%	4.07%	7.5%	13.2%
Return on tangible assets	6.97%	3.5%	7.24%	4.34%	1.62%	-0.84%	-1.38%	2.22%	2.14%	4.6%	8.12%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.98	3.79	3.2	4.58	7.08	2.64	2.49	2.68	2.44	2.95	2.5
Quick ratio	2.75	2.59	2.15	3.53	6.12	1.75	1.24	1.39	1.18	1.26	1.17
Debt / equity	0.46	0.5	0.5	0.71	1.18	1.56	1.72	1.65	1.61	1.32	1.13
Debt / assets	0.26	0.27	0.26	0.34	0.46	0.44	0.47	0.48	0.46	0.42	0.37
Net debt / EBITDA	0.39	0.64	1.14	0.9	0.61	5.1	7.95	4.92	5.01	3.5	2.19
Interest coverage	8.25	6.99	6.29	4.27	1.95	0.52	0.22	2.2	2.45	3.99	6.42
Effective tax rate	37.7%	65.9%	23.6%	22.9%	25.8%	0%	0%	16.2%	26.3%	25%	24.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	74.7	82.2	95.6	94.6	74.2	165.6	215.5	193	188.2	208.6	254.5
EPS (basic)	5.15	2.67	5.53	3.88	1.82	-1.17	-1.86	2.95	2.91	6.96	6.96
EPS (diluted)	5.09	2.63	5.43	3.83	1.81	-1.17	-1.86	2.92	2.87	6.77	13.5
Book value per share	45.2	43.9	44.6	45.9	46.3	43.7	39.7	40.8	41.6	51.1	58.3
FCF per share	5.02	3.88	4.59	10.8	9.81	1.35	-12.9	4.3	-0.85	-1.58	5.14
Cash per share	16.1	13.8	9.79	21.4	49.4	19.1	3.61	5.15	1.15	0.43	3.61
Capex per share	0	0.04	0.04	0.01	0.02	0.11	0.69	0.95	0.37	8.47	5.85

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	0.04%	0.04%	0.01%	0.03%	0.07%	0.32%	0.49%	0.2%	4.06%	2.39%
Capex / operating cash flow	0%	0.47%	0.4%	0.11%	0.14%	9.89%	-11.4%	7.29%	3.91%	122.9%	53.2%
Payout ratio	35.3%	77.1%	41.1%	63.5%	150.7%	-252.4%	-169.3%	106.8%	108.3%	45.6%	22.9%
Dividend yield	2.34%	1.93%	2.55%	2.22%	2.78%	3.14%	4.15%	4.43%	4.49%	2.76%	2.03%

Yield

2.03%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.77

ex-dividend Jul 24, 2026

Payout ratio

23%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 24, 2026	$0.77
Apr 24, 2026	$0.77
Jan 23, 2026	$0.77
Oct 24, 2025	$0.77
Jul 25, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$743.6M	$721.7M	$737.5M	$773.4M	$747.7M	$765.4M	$777.4M	$823.1M	$843.5M	$929M	$1.1B	$1.3B
YoY change	-0.71%	-7%	-8.68%	-5%	+0.55%	+6.06%	+5.41%	+6.43%	+12.8%	+21.4%	+42.4%	+52.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	286.2M	234.8M	162.3M	343M	780.3M	303.2M	57.4M	82.4M	18.4M	7M
Receivables	137.7M	165M	179.8M	167.1M	112.8M	332.7M	297.2M	325.2M	319.7M	395.2M
Inventory	201.6M	207.9M	215.1M	177.6M	152M	404.6M	525.4M	477.2M	503.9M	725.2M
Total current assets	655.9M	656.6M	656.6M	779.8M	1.1B	1.2B	1B	990.2M	976.4M	1.3B
Property, plant & equipment	442M	477.4M	513.2M	541.7M	534.8M	818.6M	866.6M	845.9M	931.8M	864.9M
Goodwill & intangibles	127.2M	87.6M	152.8M	96.8M	91M	214M	148.2M	137.6M	128.6M	119.6M
Total assets	1.4B	1.4B	1.4B	1.5B	1.9B	2.4B	2.3B	2.3B	2.3B	2.6B
Accounts payable	75.8M	90M	121.4M	92M	86.1M	351.4M	305.1M	252.7M	266.9M	274.6M
Short-term debt	200K	—	—	—	—	—	11.2M	10.1M	8.7M	7.1M
Total current liabilities	165M	173.1M	205.5M	170.4M	158.3M	456.7M	418.7M	370M	400.6M	427.2M
Long-term debt	368.7M	369.6M	370.4M	517.8M	863.7M	1.1B	1.1B	1.1B	1.1B	1.1B
Total liabilities	638.8M	638.9M	678.9M	792.3M	1.1B	1.7B	1.7B	1.6B	1.6B	1.7B
Shareholders' equity	804.7M	746.3M	740.4M	733.9M	732.4M	692.5M	631.2M	652.2M	668M	826.1M
Total debt	368.9M	369.6M	370.4M	517.8M	863.7M	1.1B	1.1B	1.1B	1.1B	1.1B
Net debt	313.7M	318.5M	244.8M	253.5M	83.4M	773.9M	1B	996.7M	1.1B	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	44.6M	82.4M	101.6M	70.4M	45.7M	18.4M	21.3M	13.1M	17.2M	7M	30M	58.5M
Receivables	351.5M	325.2M	341.4M	370.1M	370.2M	319.7M	347.4M	378.7M	388.9M	395.2M	528.6M	575M
Inventory	488.6M	477.2M	471.3M	446.9M	473.9M	503.9M	572.4M	595.6M	702.3M	725.2M	799M	848.1M
Total current assets	984.4M	990.2M	1B	1B	994.9M	976.4M	1.1B	1.2B	1.2B	1.3B	1.5B	1.6B
Property, plant & equipment	892.5M	845.9M	844M	870.6M	876.6M	931.8M	944.7M	909.9M	902.9M	864.9M	860.6M	860.6M
Goodwill & intangibles	139.8M	137.6M	135.4M	133M	130.8M	128.6M	126.4M	124M	121.8M	119.6M	117.4M	115M
Total assets	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.4B	2.5B	2.6B	2.6B	2.8B	2.9B
Accounts payable	243.2M	252.7M	273.8M	281.8M	275.4M	266.9M	289.7M	317.8M	392.8M	274.6M	494.1M	507.2M
Short-term debt	10.3M	10.1M	10M	9.7M	9.1M	8.7M	7.9M	7.6M	7.7M	7.1M	9.3M	9.2M
Total current liabilities	367M	370M	384.7M	396.4M	382.2M	400.6M	410M	426.2M	500.7M	427.2M	601.9M	641.9M
Long-term debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Total liabilities	1.6B	1.6B	1.6B	1.7B	1.6B	1.6B	1.7B	1.7B	1.8B	1.7B	1.9B	2B
Shareholders' equity	640.7M	652.2M	664.9M	662M	667M	668M	756.8M	776M	806.1M	826.1M	877.3M	943.8M
Total debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Net debt	1B	996.7M	976.1M	1B	1B	1.1B	1.1B	1.1B	1.1B	1.1B	1B	1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	91.7M	45.4M	91.7M	62M	28.8M	-18.5M	-29.6M	47.2M	46.8M	112.5M
Depreciation & amortization	36M	39.7M	43.9M	49.1M	52.2M	91.5M	106.9M	108.6M	116.4M	122.5M
Stock-based compensation	11.8M	13.3M	10.3M	9.8M	10M	12.9M	14.3M	16.1M	14.4M	18.5M
Change in working capital	-36.3M	-26.4M	-41.5M	39.5M	103.8M	-56.7M	-172.7M	26.9M	-32M	-198.2M
Operating cash flow	124.7M	126.7M	148.3M	180.6M	209.1M	18.2M	-96.8M	208.5M	153.6M	111.4M
Capital expenditure	0	600K	600K	200K	300K	1.8M	11M	15.2M	6M	-136.9M
Investing cash flow	-200.3M	50M	105.2M	-41.6M	78.8M	-607.8M	16.7M	15M	6.2M	-130.9M
Dividends paid	-32.4M	-35M	-37.7M	-39.4M	-43.4M	-46.7M	-50.1M	-50.4M	-50.7M	-51.3M
Share repurchases	-33.3M	-79.5M	-60.7M	-44.2M	-12.5M	0	0	—	—	—
Financing cash flow	93.6M	-119.4M	-106M	8.5M	281.9M	109.1M	-56.8M	-54.3M	-55.3M	-44.6M
Net change in cash	18M	57.3M	147.5M	147.5M	569.8M	-480.5M	-136.9M	169.2M	104.5M	-64.1M
Free cash flow	89.5M	66M	76.1M	172.1M	155M	21.4M	-205.6M	68.7M	-13.7M	-25.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	5.4M	7.6M	24.6M	9.5M	2.6M	7.1M	21.6M	23.2M	39.5M	28.2M	62.5M	96.8M
Depreciation & amortization	27.4M	28.7M	29.1M	29.6M	29.9M	28.7M	30M	29.6M	32M	30.9M	30.4M	29.6M
Stock-based compensation	3.9M	4.3M	4M	4.1M	3.6M	2.7M	4.2M	4.7M	5M	4.6M	5.9M	4.9M
Change in working capital	40.6M	18.3M	200K	-21M	-6.1M	-6.6M	6.8M	-31.9M	-21.5M	-151.6M	19.9M	-78.7M
Operating cash flow	80.1M	60.7M	64.2M	28.8M	34.2M	21.9M	68.8M	31M	59.1M	-20.6M	87.9M	59.5M
Capital expenditure	0	0	0	0	6M	0	—	—	-24.6M	-30.5M	-19.4M	-24.4M
Investing cash flow	100K	0	100K	100K	6.1M	0	0	100K	-18.3M	-30.5M	-19.4M	-24.4M
Dividends paid	-12.6M	-12.7M	-12.6M	-12.7M	-12.7M	-12.7M	-12.9M	-12.8M	-12.8M	-12.8M	-13.6M	-12.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-43.2M	-13.1M	-14.2M	-13.8M	-13.8M	-13.5M	-15.4M	19.4M	-47.2M	-1.4M	-45.4M	-13.8M
Net change in cash	37M	47.6M	50.1M	15.1M	26.5M	8.4M	53.4M	50.5M	-6.4M	-52.5M	23.1M	21.3M
Free cash flow	52.4M	51.1M	33.3M	-17.4M	-17M	-12.6M	18.8M	-27.7M	34.5M	-51.1M	68.5M	35.1M

Kaiser Aluminum Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement