Kaiser Aluminum Financials
This page shows Kaiser Aluminum (KALU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Kaiser Aluminum has an operating margin of 2.9%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is down from 3.1% the prior year.
Kaiser Aluminum's revenue declined 2% year-over-year, from $3.1B to $3.0B. This contraction results in a growth score of 23/100.
Kaiser Aluminum has a moderate D/E ratio of 1.40. This balance of debt and equity financing earns a leverage score of 59/100.
With a current ratio of 2.68, Kaiser Aluminum holds $2.68 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 87/100.
While Kaiser Aluminum generated $167.1M in operating cash flow, capex of $180.8M consumed most of it, leaving -$13.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Kaiser Aluminum generates a 6.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is down from 7.2% the prior year.
Kaiser Aluminum scores 2.58, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Kaiser Aluminum passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Kaiser Aluminum generates $3.57 in operating cash flow ($167.1M OCF vs $46.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Kaiser Aluminum earns $2.0 in operating income for every $1 of interest expense ($87.7M vs $43.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Kaiser Aluminum generated $3.0B in revenue in fiscal year 2024. This represents a decrease of 2.0% from the prior year.
Kaiser Aluminum's EBITDA was $204.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.1% from the prior year.
Kaiser Aluminum generated -$13.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 119.9% from the prior year.
Kaiser Aluminum reported $46.8M in net income in fiscal year 2024. This represents a decrease of 0.8% from the prior year.
Kaiser Aluminum earned $2.87 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Kaiser Aluminum held $18.4M in cash against $1.0B in long-term debt as of fiscal year 2024.
Kaiser Aluminum paid $3.08 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Kaiser Aluminum had 16M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Kaiser Aluminum's gross margin was 11.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Kaiser Aluminum's operating margin was 2.9% in fiscal year 2024, reflecting core business profitability. This is down 0.2 percentage points from the prior year.
Kaiser Aluminum's net profit margin was 1.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
Kaiser Aluminum's ROE was 6.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.
Kaiser Aluminum invested $12.0M in research and development in fiscal year 2024. This represents an increase of 8.1% from the prior year.
Kaiser Aluminum invested $180.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 26.3% from the prior year.
KALU Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $843.5M+2.5% | $823.1M+5.9% | $777.4M+1.6% | $765.4M-1.0% | $773.4M+4.9% | $737.5M+2.2% | $721.7M-2.9% | $743.6M |
| Cost of Revenue | $728.8M+0.8% | $722.8M+7.3% | $673.4M-3.0% | $694.0M+3.6% | $669.8M+2.8% | $651.3M+1.7% | $640.2M-3.8% | $665.2M |
| Gross Profit | $114.7M+14.4% | $100.3M-3.6% | $104.0M+45.7% | $71.4M-31.1% | $103.6M+20.2% | $86.2M+5.8% | $81.5M+4.0% | $78.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $48.8M+28.4% | $38.0M-8.2% | $41.4M+195.7% | $14.0M-61.3% | $36.2M+49.0% | $24.3M+12.0% | $21.7M+13.6% | $19.1M |
| Interest Expense | $12.4M-0.8% | $12.5M+11.6% | $11.2M+7.7% | $10.4M-6.3% | $11.1M-3.5% | $11.5M0.0% | $11.5M+0.9% | $11.4M |
| Income Tax | $8.3M+23.9% | $6.7M-6.9% | $7.2M+132.3% | $3.1M-45.6% | $5.7M+3.6% | $5.5M+400.0% | $1.1M+1000.0% | $100K |
| Net Income | $39.5M+70.3% | $23.2M+7.4% | $21.6M+2300.0% | $900K-95.2% | $18.9M+3.8% | $18.2M+139.5% | $7.6M+40.7% | $5.4M |
| EPS (Diluted) | $2.38+68.8% | $1.41+7.6% | $1.31+2083.3% | $0.06-94.8% | $1.15+2.7% | $1.12+148.9% | $0.45+32.4% | $0.34 |
KALU Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B+3.2% | $2.5B+3.0% | $2.4B+1.2% | $2.4B+4.1% | $2.3B+0.7% | $2.3B+1.4% | $2.3B0.0% | $2.3B |
| Current Assets | $1.2B+8.1% | $1.2B+5.2% | $1.1B+1.8% | $1.1B+6.3% | $1.0B-1.2% | $1.0B+3.3% | $990.2M+0.6% | $984.4M |
| Cash & Equivalents | $17.2M+31.3% | $13.1M-38.5% | $21.3M+15.8% | $18.4M-73.9% | $70.4M-30.7% | $101.6M+23.3% | $82.4M+84.8% | $44.6M |
| Inventory | $702.3M+17.9% | $595.6M+4.1% | $572.4M-4.9% | $601.9M+13.0% | $532.7M-0.7% | $536.4M+12.4% | $477.2M-2.3% | $488.6M |
| Accounts Receivable | $388.9M+2.7% | $378.7M+9.0% | $347.4M+8.7% | $319.7M-13.6% | $370.1M+8.4% | $341.4M+5.0% | $325.2M-7.5% | $351.5M |
| Goodwill | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M0.0% | $18.8M |
| Total Liabilities | $1.8B+2.8% | $1.7B+3.2% | $1.7B+1.0% | $1.7B+0.8% | $1.7B+1.1% | $1.6B+1.2% | $1.6B-0.7% | $1.6B |
| Current Liabilities | $500.7M+17.5% | $426.2M+4.0% | $410.0M+2.4% | $400.5M+1.0% | $396.4M+3.0% | $384.7M+4.0% | $370.0M+0.8% | $367.0M |
| Long-Term Debt | $1.0B-3.0% | $1.1B+3.2% | $1.0B0.0% | $1.0B+0.1% | $1.0B0.0% | $1.0B0.0% | $1.0B0.0% | $1.0B |
| Total Equity | $806.1M+3.9% | $776.0M+2.5% | $756.8M+1.8% | $743.1M+2.1% | $727.6M+1.8% | $714.7M+9.6% | $652.2M+1.8% | $640.7M |
| Retained Earnings | $127.1M+26.6% | $100.4M+11.6% | $90.0M+10.7% | $81.3M+4.1% | $78.1M+8.6% | $71.9M+611.9% | $10.1M-33.6% | $15.2M |
KALU Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $59.1M+271.7% | $15.9M-72.1% | $57.0M+31.3% | $43.4M+65.0% | $26.3M-58.5% | $63.3M-14.8% | $74.3M-17.3% | $89.8M |
| Capital Expenditures | $24.6M-43.6% | $43.6M+14.1% | $38.2M-31.8% | $56.0M+28.1% | $43.7M+45.7% | $30.0M+29.3% | $23.2M-38.0% | $37.4M |
| Free Cash Flow | $34.5M+224.5% | -$27.7M-247.3% | $18.8M+249.2% | -$12.6M+27.6% | -$17.4M-152.3% | $33.3M-34.8% | $51.1M-2.5% | $52.4M |
| Investing Cash Flow | -$7.8M+82.2% | -$43.7M-14.4% | -$38.2M+31.8% | -$56.0M-28.1% | -$43.7M-46.2% | -$29.9M-28.9% | -$23.2M+37.8% | -$37.3M |
| Financing Cash Flow | -$47.2M-343.3% | $19.4M+226.0% | -$15.4M-14.1% | -$13.5M+2.2% | -$13.8M+2.8% | -$14.2M-8.4% | -$13.1M+53.5% | -$28.2M |
| Dividends Paid | $12.8M0.0% | $12.8M-0.8% | $12.9M+1.6% | $12.7M0.0% | $12.7M+0.8% | $12.6M-0.8% | $12.7M+0.8% | $12.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KALU Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.6%+1.4pp | 12.2%-1.2pp | 13.4%+4.1pp | 9.3%-4.1pp | 13.4%+1.7pp | 11.7%+0.4pp | 11.3%+0.8pp | 10.5% |
| Operating Margin | 5.8%+1.2pp | 4.6%-0.7pp | 5.3%+3.5pp | 1.8%-2.9pp | 4.7%+1.4pp | 3.3%+0.3pp | 3.0%+0.4pp | 2.6% |
| Net Margin | 4.7%+1.9pp | 2.8%+0.0pp | 2.8%+2.7pp | 0.1%-2.3pp | 2.4%-0.0pp | 2.5%+1.4pp | 1.1%+0.3pp | 0.7% |
| Return on Equity | 4.9%+1.9pp | 3.0%+0.1pp | 2.9%+2.7pp | 0.1%-2.5pp | 2.6%+0.1pp | 2.5%+1.4pp | 1.2%+0.3pp | 0.8% |
| Return on Assets | 1.5%+0.6pp | 0.9%+0.0pp | 0.9%+0.9pp | 0.0%-0.8pp | 0.8%+0.0pp | 0.8%+0.5pp | 0.3%+0.1pp | 0.2% |
| Current Ratio | 2.48-0.2 | 2.70+0.0 | 2.67-0.0 | 2.68+0.1 | 2.55-0.1 | 2.66-0.0 | 2.680.0 | 2.68 |
| Debt-to-Equity | 1.29-0.1 | 1.390.0 | 1.38-0.0 | 1.40-0.0 | 1.43-0.0 | 1.46-0.1 | 1.59-0.0 | 1.62 |
| FCF Margin | 4.1%+7.5pp | -3.4%-5.8pp | 2.4%+4.1pp | -1.7%+0.6pp | -2.3%-6.8pp | 4.5%-2.6pp | 7.1%+0.0pp | 7.0% |
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Frequently Asked Questions
What is Kaiser Aluminum's annual revenue?
Kaiser Aluminum (KALU) reported $3.0B in total revenue for fiscal year 2024. This represents a -2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kaiser Aluminum's revenue growing?
Kaiser Aluminum (KALU) revenue declined by 2% year-over-year, from $3.1B to $3.0B in fiscal year 2024.
Is Kaiser Aluminum profitable?
Yes, Kaiser Aluminum (KALU) reported a net income of $46.8M in fiscal year 2024, with a net profit margin of 1.6%.
What is Kaiser Aluminum's earnings per share (EPS)?
Kaiser Aluminum (KALU) reported diluted earnings per share of $2.87 for fiscal year 2024. This represents a -1.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Kaiser Aluminum's EBITDA?
Kaiser Aluminum (KALU) had EBITDA of $204.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Kaiser Aluminum have?
As of fiscal year 2024, Kaiser Aluminum (KALU) had $18.4M in cash and equivalents against $1.0B in long-term debt.
What is Kaiser Aluminum's gross margin?
Kaiser Aluminum (KALU) had a gross margin of 11.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kaiser Aluminum's operating margin?
Kaiser Aluminum (KALU) had an operating margin of 2.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Kaiser Aluminum's net profit margin?
Kaiser Aluminum (KALU) had a net profit margin of 1.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Kaiser Aluminum pay dividends?
Yes, Kaiser Aluminum (KALU) paid $3.08 per share in dividends during fiscal year 2024.
What is Kaiser Aluminum's return on equity (ROE)?
Kaiser Aluminum (KALU) has a return on equity of 6.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Kaiser Aluminum's free cash flow?
Kaiser Aluminum (KALU) generated -$13.7M in free cash flow during fiscal year 2024. This represents a -119.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kaiser Aluminum's operating cash flow?
Kaiser Aluminum (KALU) generated $167.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Kaiser Aluminum's total assets?
Kaiser Aluminum (KALU) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Kaiser Aluminum's capital expenditures?
Kaiser Aluminum (KALU) invested $180.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Kaiser Aluminum spend on research and development?
Kaiser Aluminum (KALU) invested $12.0M in research and development during fiscal year 2024.
How many shares does Kaiser Aluminum have outstanding?
Kaiser Aluminum (KALU) had 16M shares outstanding as of fiscal year 2024.
What is Kaiser Aluminum's current ratio?
Kaiser Aluminum (KALU) had a current ratio of 2.68 as of fiscal year 2024, which is generally considered healthy.
What is Kaiser Aluminum's debt-to-equity ratio?
Kaiser Aluminum (KALU) had a debt-to-equity ratio of 1.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kaiser Aluminum's return on assets (ROA)?
Kaiser Aluminum (KALU) had a return on assets of 1.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Kaiser Aluminum's Altman Z-Score?
Kaiser Aluminum (KALU) has an Altman Z-Score of 2.58, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kaiser Aluminum's Piotroski F-Score?
Kaiser Aluminum (KALU) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kaiser Aluminum's earnings high quality?
Kaiser Aluminum (KALU) has an earnings quality ratio of 3.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Kaiser Aluminum cover its interest payments?
Kaiser Aluminum (KALU) has an interest coverage ratio of 2.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Kaiser Aluminum?
Kaiser Aluminum (KALU) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.