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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.4B | $323M | $113M | $-26M | 13.6% | 11.5% | 71.2% |
| 2024 | $3.0B | $248M | $66M | $-14M | 8.8% | -2.0% | -3.1% |
| 2023 | $3.1B | $239M | $68M | $69M | 10.4% | -9.9% | -329.1% |
| 2022 | $3.4B | $117M | $-30M | $-206M | -4.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,427.90 | 3,087 | 3,024 | 3,373 |
| Operating Revenue | - | 3,427.90 | 3,087 | 3,024 | 3,373 |
| Cost Of Revenue | - | 3,180.20 | 2,728.20 | 2,666.60 | 2,930.60 |
| Gross Profit | - | 247.70 | 358.80 | 357.40 | 442.40 |
| Operating Expense | - | 221 | 231.30 | 237.60 | 251.70 |
| Selling General And Administration | - | 110.90 | 122.70 | 120.80 | 129.20 |
| Total Expenses | - | 3,401.20 | 2,959.50 | 2,904.20 | 3,182.30 |
| Operating Income | - | 26.70 | 127.50 | 119.80 | 190.70 |
| Total Operating Income As Reported | - | 4 | 122.50 | 112.20 | 188.80 |
| EBITDA | - | 117.30 | 238.50 | 248.10 | 322.60 |
| Normalized EBITDA | - | 129.20 | 229.10 | 235.30 | 309.20 |
| EBIT | - | 10.40 | 129.90 | 131.70 | 200.10 |
| Interest Income | - | 1.30 | 1.70 | 3.60 | 0.80 |
| Interest Expense | - | 48.30 | 46.90 | 43.70 | 50.10 |
| Net Interest Income | - | -47 | -45.20 | -40.10 | -49.30 |
| Other Non Operating Income Expenses | - | -5.70 | -8.70 | -4.50 | -4.80 |
| Other Income Expense | - | -17.60 | 0.70 | 8.30 | 8.60 |
| Interest Income Non Operating | - | 1.30 | 1.70 | 3.60 | 0.80 |
| Interest Expense Non Operating | - | 48.30 | 46.90 | 43.70 | 50.10 |
| Net Non Operating Interest Income Expense | - | -47 | -45.20 | -40.10 | -49.30 |
| Pretax Income | - | -37.90 | 83 | 88 | 150 |
| Tax Provision | - | -8.30 | 15.20 | 22.30 | 37.50 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.61 | 1.72 | 3.25 | 3.35 |
| Net Income Continuous Operations | - | -29.60 | 67.80 | 65.70 | 112.50 |
| Net Income From Continuing And Discontinued Operation | - | -29.60 | 67.80 | 65.70 | 112.50 |
| Net Income From Continuing Operation Net Minority Interest | - | -29.60 | 67.80 | 65.70 | 112.50 |
| Net Income | - | -29.60 | 67.80 | 65.70 | 112.50 |
| Net Income Common Stockholders | - | -29.60 | 67.70 | 65.70 | 112.50 |
| Net Income Including Noncontrolling Interests | - | -29.60 | 67.80 | 65.70 | 112.50 |
| Normalized Income | - | -20.31 | 60.12 | 56.15 | 102.45 |
| Diluted NI Availto Com Stockholders | - | -29.60 | 67.70 | 65.70 | 112.50 |
| Basic Average Shares | - | 15.91 | 15.99 | 16.07 | 16.17 |
| Diluted Average Shares | - | 15.91 | 16.13 | 16.32 | 16.62 |
| Reconciled Depreciation | - | 106.90 | 108.60 | 116.40 | 122.50 |
| Reconciled Cost Of Revenue | - | 3,180.20 | 2,728.20 | 2,666.60 | 2,930.60 |
| Total Unusual Items | - | -11.90 | 9.40 | 12.80 | 13.40 |
| Total Unusual Items Excluding Goodwill | - | -11.90 | 9.40 | 12.80 | 13.40 |
| Special Income Charges | - | -10.70 | 8.80 | 12.50 | 12.90 |
| Other Special Charges | 35.90 | - | - | -16.30 | -4.50 |
| Impairment Of Capital Assets | 0 | 20.50 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | - | -3.80 | 5 | 7.60 | 1.90 |
| Gain On Sale Of Security | - | -1.20 | 0.60 | 0.30 | 0.50 |
| Depreciation Amortization Depletion Income Statement | - | 106.90 | 108.60 | 116.40 | 122.50 |
| Depreciation And Amortization In Income Statement | - | 106.90 | 108.60 | 116.40 | 122.50 |
| General And Administrative Expense | - | 110.90 | 122.70 | 120.80 | 129.20 |
| Other Gand A | - | 110.90 | 122.70 | 120.80 | 129.20 |
| Salaries And Wages | 4.10 | 5.60 | 8.40 | - | - |
| Gain On Sale Of Ppe | - | 6 | 13.80 | 3.80 | 10.30 |
| Total Other Finance Cost | 1.40 | 2 | 3 | - | - |
| Other Operating Expenses | - | 3.20 | - | 0.40 | - |
| Selling And Marketing Expense | 118.80 | 110.90 | 122.70 | - | - |
| Otherunder Preferred Stock Dividend | - | 0 | 0.10 | 0 | 0 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kaiser Aluminum Corporationthis co. | KALU | $3.1B | 27.14β premium | 3.70 | 13.6% | 12.82 |
| H.B. Fuller Company | FUL | $3.3B | 21.64 | 1.64 | 7.6% | 9.98 |
| The Chemours Company | CC | $3.3B | - | 13.03 | -154.4% | 21.03 |
| Hawkins, Inc. | HWKN | $3.2B | 39.04 | 5.96 | 15.3% | 19.62 |
| Alpha Metallurgical Resources, Inc. | AMR |
| - |
| - |
| - |
| - |
| - |
| - |
| $2.7B |
| -44.36 |
| 1.77 |
| -4.0% |
| 24.96 |
| WD-40 Company | WDFC | $2.7B | 30.11 | 10.19 | 33.8% | 24.47 |
| Quaker Chemical Corporation | KWR | $2.4B | -982.03 | 1.78 | -0.2% | 21.93 |
| Boise Cascade Company | BCC | $2.4B | 18.14 | 1.16 | 6.4% | 6.72 |
| Minerals Technologies Inc. | MTX | $2.4B | -129.26 | 1.39 | -1.1% | 22.86 |
| Peer Median | - | 18.14 | 1.77 | 3.1% | 21.48 | |