Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026
Basics
Sector
Basic Materials
Industry
Aluminum
Country
United States
Market cap
1.9B USD
Enterprise value
3.4B USD
Full-time employees
3,800
Overall health
Strength:more profitable than most peersmore profitable than peers
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.58 vs a peer median of 0.69) and more debt relative to equity (1.10× vs a peer median of 0.36×)higher risk: bigger price swings (beta 1.58 vs peers 0.69) and more debt vs equity (1.10× vs peers 0.36×)
Ranks #284 of 1,217 basic materials companies (top 24%)
Returning more cash than it generates. Paid out $152M vs $30M of free cash flow over the 3 fiscal years to 2025.
Kaiser Aluminum returned $152M to shareholders over three years, 517% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Profit isn't fully turning into cash. Free cash flow is only 38% of reported profit.
Free cash flow is only 38% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Fast revenue growth. Revenue grew 33% in the 12 months to June 2026 vs the 12 months before, faster than 89% of peers.
Revenue grew 33% in the 12 months to June 2026 vs the 12 months before, faster than 89% of its peers.
More volatile share price. Beta 1.58: tends to move more than the market.
Kaiser Aluminum's shares have swung more with the market than most peers' (beta 1.58, above the market's 1.0).
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 85 → 84
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Kaiser Aluminum
Is Kaiser Aluminum getting weaker?
Its latest SEC filing (Jul 23, 2026) showed no major changes. Its overall score is unchanged at 66/100 since Oct 28, 2026.
How is Kaiser Aluminum valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 84/100 against 1,371 basic materials peers.Earnings yield 11.8% vs a peer median of 3.6% (stronger than 92% of peers).Earnings yield 11.8% vs peers 3.6% (stronger than 92% of peers).
Is Kaiser Aluminum growing?
Yes, faster than most of its peers. Growth scores 96/100 against 1,371 basic materials peers.Earnings per share growth 311.6% vs a peer median of 9.4% (stronger than 95% of peers).Earnings per share growth 311.6% vs peers 9.4% (stronger than 95% of peers).
How profitable is Kaiser Aluminum?
More profitable than most of its peers. Profitability scores 74/100 against 1,371 basic materials peers.Return on assets 7.8% vs a peer median of 2.5% (stronger than 83% of peers).Return on assets 7.8% vs peers 2.5% (stronger than 83% of peers).
How risky is Kaiser Aluminum?
Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 2.50× vs a peer median of 1.76× (stronger than 71% of peers).Current ratio 2.50× vs peers 1.76× (stronger than 71% of peers).Beta 1.58 vs a peer median of 0.69 (weaker than 92% of peers).Beta 1.58 vs peers 0.69 (weaker than 92% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 23, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
3.7B USD
4.1B USD
+11.7%
Net income (12 months)
153.9M USD
227.5M USD
+47.8%
Operating margin
6.6%
8.2%
+1.6 pts
Free cash flow (12 months)
24.2M USD
87.0M USD
+259.5%
Debt
1.0B USD
1.0B USD
+0.0%
Cash
30.0M USD
58.5M USD
+95.0%
Shares outstanding
16.3M
16.3M
+0.1%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Kaiser Aluminum looks cheaper than most of its peers on our valuation measures, while the Basic Materials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Basic Materials: too few Aluminum companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
10.4%
7.2%
11.6%
11.8%
13.1%
▲ 1.3 pts
Operating margin
2.5%
0.1%
4.0%
3.7%
5.6%
▲ 1.9 pts
Net margin
-0.7%
-0.9%
2.2%
2.2%
3.3%
▲ 1.2 pts
Return on assets (ROA)
-0.8%
-1.3%
3.0%
2.7%
4.4%
▲ 1.7 pts
Return on equity (ROE)
-2.7%
-4.7%
9.6%
8.8%
13.6%
▲ 4.8 pts
Free cash flow margin
0.8%
-6.0%
2.2%
-0.5%
-0.8%
▼ 0.3 pts
Current ratio
2.64×
2.49×
2.68×
2.68×
2.95×
▲ 10%
Quick ratio
1.75×
1.24×
1.19×
1.18×
1.26×
▲ 6.4%
Debt to equity
1.50×
1.64×
1.47×
1.40×
1.28×
▼ 8.5%
Interest coverage
1.30×
0.08×
2.61×
2.57×
3.77×
▲ 47%
KALU price history
Price history is added with the daily price update and will appear after the next one.