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Produces primary aluminum at smelters in the US and Iceland, selling to industrial and manufacturing customers.
Produces primary aluminum at smelters in the US and Iceland, selling to industrial and manufacturing customers.
Sells primary aluminium priced off the London Metal Exchange plus a regional premium, so revenue follows the aluminium price while electricity, its biggest cost, is bought under power contracts. Smelters run continuously. Glencore, the commodity trader, is the largest shareholder.
Moat: none (scale). Commodity aluminum producer where profitability tracks aluminum prices and energy costs, not differentiation.
Headquarters: Chicago, Illinois, US · Founded: 1981 · Employees: 2,906
Size Century Aluminum (CENX) is a United States Materials company (Aluminum) with a market value of $3.31B, the 1478th largest of 3,117 United States companies the cockpit tracks. Shares closed at $33.47 on 6 Nov 2026.
Performance Over six months the shares fell 43.2%, against -27.7% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +15.2%); the operating margin is 14.9% (peer median 9.1%).
Valuation It trades at 3.2× forward earnings against a peer median of 9.9× (cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.4 points above its cost of capital (14.4% WACC).
Short interest Short interest is 9.5% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.67B | $2.53B | $2.22B | $2.19B | $2.78B |
| Revenue growth | — | +14% | +2% | -21% | — |
| Gross profit | $514M | $256M | $172M | $92.0M | $46.9M |
| EBITDA | $487M | $250M | $195M | $107M | $82.8M |
| Net income | $604M | $41.8M | $337M | -$43.1M | -$14.1M |
| Free cash flow | $151M | $84.8M | -$107M | $10.6M | -$60.4M |
| Capital expenditure | $190M | $100M | $82.3M | $95.0M | $86.3M |
| Total debt | $480M | $573M | $550M | $503M | $550M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Century Aluminum CENX | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% |
| Alcoa AA | $10.4B | -37% | +10% | 14% | 7.4× | -4.9% |
| Norsk Hydro NHY.OL | $14.4B | -34% | -4% | 10% | 8.3× | 0.4% |
| Rio Tinto RIO.L | $144B | -21% | +11% | 27% | 10.3× | 5.6% |
| Hindalco Industries HINDALCO.NS | $22.7B | -9% | +20% | 11% | 8.6× | n/a |
| South32 S32.AX | $13.7B | -1% | -4% | 15% | 12.7× | 6.3% |
| Chinahongqiao 1378.HK | $25.5B | -36% | +7% | 25% | 5.0× | -12.8% |
| Aluminum Corporation of China 2600.HK | $20.9B | -37% | +7% | 17% | 4.8× | -11.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CENX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.0% | -7.9% | 11th highest of 21 |
| 6-month return | -43.2% | -27.7% | 2nd lowest of 21 |
| Distance from 52-week high | -52.5% | -45.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +9.7% | +15.2% | 7th lowest of 21 |
| Operating margin | 14.9% | 9.1% | 7th highest of 21 |
| Forward P/E | 3.2× | 9.9× | cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | -5.5% | most demanding of 13 |
| Growth delivered (Del g) | +9.5% | +15.2% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +0.3 pp | -19.1 pp | most demanding of 13 |
| ROIC minus cost of capital | +3.4 pp | +2.8 pp | 10th highest of 21 |
| EV / EBITDA | 7.3× | 6.7× | 5th cheapest of 9 |
| Net debt / EBITDA | 0.2× | 1.9× | 2nd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Century Aluminum CENX | United States | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% | +9.5% |
| Henan Zhongfu Industrial 600595.SS | China | $3.36B | -28% | +24% | 16% | 5.7× | -10.2% | +23.3% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 16.9× | 6.6% | +9.2% |
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% | +8.7% |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 7.2× | -2.7% | +16.6% |
| United Company RUSAL international PJSC 0486.HK | Hong Kong | $4.26B | -34% | -4% | 6% | n/a | n/a | n/a |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 11.7× | n/a | n/a |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 6.2× | -5.3% | +15.7% |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 12.4× | 8.1% | +16.2% |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 9.2× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 10.7× | n/a | n/a |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 12.1× | n/a | n/a |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% | +23.5% |
| National Aluminium NATIONALUM.NS | India | $6.33B | -19% | +14% | 43% | 8.3× | -4.2% | +14.7% |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | n/a | -13.0% | +6.6% |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 33.5× | n/a | n/a |
| Shandong Nanshan Aluminium 600219.SS | China | $7.53B | -19% | +4% | 13% | 10.7× | -5.7% | +9.4% |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | n/a | n/a | n/a |
| Tianshan Aluminum 002532.SZ | China | $8.36B | -28% | +17% | 31% | 6.4× | -13.0% | +1.4% |
| Henan Shenhuo Coal Industary and Electricity Power 000933.SZ | China | $8.45B | -21% | +17% | 26% | 6.2× | -16.2% | +17.0% |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | n/a | n/a | n/a |