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Kaiser Aluminum Corporation

KALU Basic Materials Aluminum

Kaiser Aluminum Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 11.5% from fiscal 2024.

Revenue
+44.0%
EPS
−22.1%
Free cash flow
+60.9%
Total debt
−0.40%

Quarter to September 2026, against a year earlier

104.43 6.31 −5.70%
Market cap
$1.7B
P/E
7.8×
Fwd P/E
9.3×
Dividend yield
2.95%
F-score
7/9
Altman Z
2.67
Beneish M
−2.38
Dividend safety
42/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 15.94
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 — 7 — — — — — — —
Insider Ownership 2.26%

Capital & Financial Ratios $m

Size
Market Cap 1,690.00
Revenue ttm 4,506.90
Net income ttm 218.50
Free cash flow ttm 174.90
Net debt Q 921.40
Valuation
P/E 7.79
Forward P/E 9.25
Price / sales 0.38
Forward P/S Powerpack
Price / FCF 9.76
Price / book 1.75
Financial health
Current ratio Q 2.63 (at or above 1.5: strong)
Debt / equity Q 1.06
Interest coverage Q 3.89
Growth
Revenue growth Q +43.98% (above 0%: growing)
Operating income growth Q +13.11% (above 0%: growing)
EPS, this year +110.71% (at or above 15%: strong)
EPS, next year A −14.01% (below 0%: weak)
Revenue, next year A +39.79% (at or above 10%: strong)
EPS, past 5 yrs +30.19% (at or above 15%: strong)
EPS, next 5 yrs A +27.40% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 1.1×; over the ten years it ranged from 0.6× in 2022 to 2.6× in 2021.
P/E against its own 10 years 0.05%
10-year low 10-year high
P/S against its own 10 years 15.88%
10-year low 10-year high
P/B against its own 10 years 25.67%
10-year low 10-year high
EV/Sales against its own 10 years 1.21%
10-year low 10-year high
EV/FCF against its own 10 years 18.17%
10-year low 10-year high

Dividends

Yield
2.95%
Annual rate
3.08
Payout ratio
23.8%
Growth, 2018–26
+4.30%/yr
  1. 2.20 ’18
  2. 2.40 ’19 +9
  3. 2.68 ’20 +12
  4. 2.88 ’21 +7
  5. 3.08 ’22 +7
  6. 3.08 ’23 +0
  7. 3.08 ’24 +0
  8. 3.08 ’25 +0
  9. 3.08 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 82 18 7 117
Receivables 338 342 423 532
Inventory 477 602 725 848
Other 59 73 63 74
990 1,075 1,262 1,615
2023 2024 2025 Q'26
Payables 253 267 275 431
ST’ Debt — — — —
Other — — — —
370 401 427 615

Compound Annual Growth %

10y 5y 3y
Sales 9.25% 23.53% (0.54%)
Cash Flow (3.54%) (11.65%) 0.00%
Earnings 0.00% 31.33% 0.00%
Book Value 0.65% 2.44% 9.38%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.08 Actual 1.89

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.56 1.53 Miss by 0.03
Q1 FY26 1.89 3.74 Beat by 1.85
Q2 FY26 2.32 5.53 Beat by 3.21
Q3 FY26 2.08 1.89 Miss by 0.19
Q4 FY26 1.44 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.71 5.72 1.84 — —
’25 1.31 1.41 2.38 1.68 6.77
’24 1.12 1.15 0.54 1.21 4.03
’23 0.99 1.14 0.34 1.74 4.20
’22 0.51 (0.87) 0.16 (1.66) (1.86)
’21 0.28 (1.41) (0.14) 0.11 (1.17)
’20 1.81 (0.41) 0.02 0.37 1.81
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,107 1,257 1,215 — —
’25 777 823 844 929 3,373
’24 738 773 748 765 3,024
’23 808 814 744 722 3,087
’22 949 954 749 776 3,428
’21 324 741 751 806 2,622
’20 369 276 256 272 1,173
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 88 60 101 — —
’25 57 16 59 (21) 111
’24 63 26 34 43 167
’23 (20) 68 90 74 212
’22 1 6 (66) (4) (63)
’21 (11) 16 28 46 79
’20 52 43 56 56 207
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 69 43 72 — —
’25 19 (27) 45 (9) 28
’24 33 (17) (11) (13) (8)
’23 (46) 27 52 51 84
’22 (27) (11) (92) (65) (195)
’21 (20) 7 17 20 23
’20 31 32 51 42 155
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,331 1,398 1,586 1,514 1,173 2,622 3,428 3,087 3,024 3,373 4,507 +10.9% 4,715 4,668 4,709 +11.8%
Gross margin, % 24.79 22.30 17.98 19.74 19.73 10.45 7.23 11.62 11.82 13.12 13.35 (11.7) pt
EBT 147 133 120 80 39 (24) (38) 83 88 150 292 +0.2%
EBT margin, % 11.06 9.52 7.57 5.31 3.31 (0.92) (1.11) 2.69 2.91 4.45 6.49 (6.6) pt
Net income 92 45 92 62 29 (18) (30) 68 66 113 219 +2.3%
Per share, $
Per share, $ Revenue 74.70 82.23 95.62 94.65 74.21 165.57 215.51 193.05 188.19 208.61 275.67 +12.1%
Earnings 5.15 2.67 5.53 3.88 1.81 (1.17) (1.86) 4.24 4.09 6.96 13.41 +3.4%
Cash flow 9.30 8.33 9.06 14.52 13.09 5.01 (3.97) 13.25 10.40 6.89 13.92 (3.3%)
Capex (4.27) (4.41) (4.43) (3.75) (3.27) (3.55) (8.27) (8.00) (10.88) (5.18) (3.22) +2.2%
Free cash flow 5.02 3.92 4.62 10.77 9.83 1.47 (12.23) 5.25 (0.48) 1.71 10.70 (11.3%)
Book value 45.17 43.91 44.64 45.88 46.35 43.73 39.68 40.79 46.24 51.09 59.67 +1.4%
Shares, m 18 17 17 16 16 16 16 16 16 16 16 (1.1%)
Valuation, ×
Valuation, × P/E 15.35 41.60 16.29 28.73 54.64 0.00 0.00 16.58 17.19 16.50 7.79 20.7
P/S 1.05 1.33 0.93 1.17 1.33 0.57 0.35 0.36 0.37 0.55 0.38 0.8
P/B 1.74 2.49 2.00 2.42 2.13 2.15 1.91 1.72 1.52 2.25 1.75 2.0
EV/Sales 1.25 1.55 1.18 1.39 1.53 0.91 0.71 0.73 0.77 0.91 0.62 1.1
EV/FCF 18.55 32.58 24.30 12.18 11.56 103.26 (12.51) 26.90 (302.26) 111.77 16.03 2.6
Cash, $m
Cash, $m Operating cash flow 166 142 150 232 207 79 (63) 212 167 111 228 (4.3%)
Capex (76) (75) (73) (60) (52) (56) (131) (128) (175) (84) (53) +1.1%
Free cash flow 90 67 77 172 155 23 (195) 84 (8) 28 175 (12.3%)
Balance, $m
Balance, $m Working capital 491 484 451 609 963 749 624 620 674 834 1,000 +6.1%
Net debt 83 135 208 150 58 733 1,055 957 1,023 1,053 921 +32.7%
Shareholders’ equity 805 746 740 734 732 693 631 652 743 826 976 +0.3%
Returns, %
Returns, % ROA 6.82 3.21 6.54 4.21 1.70 (0.86) (1.26) 2.98 2.81 4.52 7.93 (2.3) pt
ROIC 12.76 11.01 9.46 8.89 6.41 2.82 0.15 4.76 3.97 6.28 11.44 (6.5) pt
ROE 11.61 5.85 12.34 8.41 3.93 (2.60) (4.47) 10.57 9.42 14.34 24.53 +2.7 pt
People
People Employees 2,760 2,770 2,860 2,820 2,575 3,957 3,920 4,000 4,000 3,840 — +3.7%
Revenue/emp, $m 0.48 0.50 0.55 0.54 0.46 0.66 0.87 0.77 0.76 0.88 — +6.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Kaiser Aluminum Corporation vs peers in the Basic Materials sector (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TGLS Tecnoglass Holdings Inc. $2.0B 15.8× 15.3× +15.55% (above 0%: growing) −41.49% (below 0%: shrinking) −111.60% (below 0%: shrinking) 37.26% 12.38% Compare
IOSP Innospec Inc. $2.0B 13.9× 19.5× +7.17% (above 0%: growing) +146.71% (above 0%: growing) −88.68% (below 0%: shrinking) 27.26% 8.80% Compare
SIND Sinda Ltd. $1.9B — (loss-making) — — n/m — 0.00% 0.00% Compare
SVM Silvercorp Metals Inc. $1.8B 56.1× 11.9× +70.49% (above 0%: growing) +237.50% (above 0%: growing) −239.33% (below 0%: shrinking) 61.12% 71.43% Compare
AMR Alpha Metallurgical Resources, Inc. $1.8B — (loss-making) — (loss-making) −10.43% (below 0%: shrinking) n/m −128.43% (below 0%: shrinking) 9.98% (2.13%) Compare
STDN Standard Nuclear Inc $1.8B — — — n/m — 67.21% (90.70%) Compare
SSMR Sunshine Silver Mining & Refining Company $1.8B — — — n/m — 43.63% 0.00% Compare
HUN Huntsman Corporation $1.7B — (loss-making) — (loss-making) +17.60% (above 0%: growing) n/m −49.67% (below 0%: shrinking) 13.80% 2.27% Compare
KALU Kaiser Aluminum Corporation $1.7B 7.8× 9.3× +43.98% (above 0%: growing) −22.13% (below 0%: shrinking) +60.89% (above 0%: growing) 9.53% 4.55%
Median of peers $1.8B 15.8× 15.3× +15.55% +146.71% −111.60% 32.26% 1.14%

All 279 Basic Materials stocks →

Pay and ownership Proxy statement filed 28 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.91m 20.86m 140.26
2024 6.63m 6.36m 82.41
2023 6.21m 4.59m 80.10
2022 5.12m 1.61m 81.86
2021 5.51m 2.52m 97.62

Ownership

Directors and executive officers, together 1.30%
BlackRock, Inc. 15.90%
State Street Corporation 6.10%
Nomura Asset Management International, Inc. 5.60%
Dimensional Fund Advisors LP 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Kaiser Aluminum Corporation (KALU) Latest News

29 Oct

Impact 4 · · The Motley Fool

25 Oct

Impact 4 · · lmtribune.com

23 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
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22 Oct

Impact 4 · · The Motley Fool transcript
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Impact 4 · · MarketBeat
Impact 4 · · Moby transcript
Impact 3 · · spokesman.com

21 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press

1 Oct

Impact 4 · · Investing.com

30 Sep

Impact 4 · · Zacks

21 Sep

Impact 3 · · Zacks

2 Sep

Impact 3 · · TheStreet

1 Sep

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18 Aug

Impact 3 · · packagingdive.com

12 Aug

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26 Jul

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23 Jul

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

22 Jul

Impact 4 · · spokesman.com
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24 May

Impact 4 · · Simply Wall St.

4 May

Impact 4 · · Simply Wall St.

26 Apr

Impact 3 · · Simply Wall St.

25 Apr

Impact 3 · · spokesman.com
stockrow.com/KALU · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com