MARKETS / NASDAQ / KALU

NASDAQ · ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS · LARGE CAP

Kaiser Aluminum Corp. KALU

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$3.4B

▲ 11.5% YoY

Net income

$112.5M

▲ 71.2% YoY

Free cash flow

$-25.5M

In brief

What this company does

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products, including flat-rolled, extruded, drawn, and certain cast aluminum products. As of December 31, 2025, approximately 70% of the company's shipments were sold directly to manufacturers or tier one suppliers, and approximately 30% were sold to metal service centers. For the years ended December 31, 2025 and December 31, 2024, the company's largest customer accounted for 16% of net sales. At December 31, 2025, the company employed 3,840 people, of which approximately 3,760 were employed in its manufacturing, sales, and support office locations and approximately 80 were employed in a corporate capacity. The company's end market applications include Aero/HS Products, Packaging, GE Products, and Automotive Extrusions.

Written from the business description in KAISER ALUMINUM CORP's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.4B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.4 · Net income 0.1

Compound annual growth

Revenue

−0.5%

+23.5%

+9.3%

+7.9%

Net income

+31.3%

+16.1%

EPS, diluted

+30.2%

+17.4%

Dividend / share

+0.0%

+2.8%

+6.8%

+8.1%

Returned to shareholders

+0.8%

−1.7%

−4.0%

−1.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +23.5% a year over five years — but profit grew faster: net income at +31.3%, earnings per share at +30.2%.

The share count rose from 0.02B to 0.02B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 5.6% · Net 3.3%

ROE

FY2025 · ROE 14.3%

Gross margin13.1%

Operating margin5.6%

Net margin3.3%

Return on assets4.5%

EBITDAUSD 311.3M

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 51.3M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -25.5

Net buybacks $M Dividends $M

FY2025 · Dividends 51.3 · Net buybacks —

Dividends paidUSD 51.3M

Net buybacks—

Share of profit45.6%

Consecutive raises—

USD 51.3M in dividends — 46% of the year's profit went back to shareholders.

Total assetsUSD 2.6B

EquityUSD 826.1M

CashUSD 7.0M

Gross debtUSD 1.1B

Net debtUSD 1.1B

Current ratio2.95×

Net debt stands at 127% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	3.4	3.0	3.1	3.4	2.6	1.2	1.5	1.6	1.4	1.3	1.4	1.4	1.3	1.4	1.3	1.1	1.0	1.5
Operating income $B	0.2	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.2	0.2	−0.3	0.1	0.2	0.2	0.1	0.0	0.1	−0.1
EBITDA $B	0.3	0.2	0.2	0.1	0.2	0.1	0.2	0.2	0.2	0.2	−0.3	0.2	0.2	0.2	0.1	0.1	0.1	−0.1
Income tax $B	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.1	0.1	−0.1	0.0	0.0	0.1	0.0	0.0	0.0	−0.0
Net income $B	0.1	0.1	0.1	−0.0	−0.0	0.0	0.1	0.1	0.0	0.1	−0.2	0.1	0.1	0.1	0.0	0.0	0.1	−0.1
Free cash flow $B	−0.0	−0.0	0.1	−0.2	0.0	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.0	0.0	0.1	−0.0
EPS, diluted $	6.77	4.02	4.21	−1.86	−1.17	1.81	3.83	5.43	2.63	5.09	−13.76	3.86	5.44	4.45	1.32	0.61	3.51	−3.45
Dividend / sh $	3.08	3.08	3.08	3.08	2.88	2.68	2.40	2.20	2.00	1.80	1.60	1.40	1.20	1.00	0.96	0.96	0.96	·
Payout %	46	77	74	−169	−252	151	64	41	77	35	−12	35	22	23	75	158	28	−25
ROE %	14.3	9.1	10.1	−4.5	−2.6	3.9	8.4	12.3	5.9	11.6	−26.4	6.8	9.7	8.8	2.8	1.4	8.5	−8.7
Shares out B	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRolling Drawing & Extruding of Nonferrous Metals

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008