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Makes semi-fabricated aluminum products (plate, sheet, rod, tube) for aerospace, auto and industrial customers.
Makes semi-fabricated aluminum products (plate, sheet, rod, tube) for aerospace, auto and industrial customers.
Charges for the work of rolling, extruding and heat-treating rather than for the metal itself: aluminium cost is largely passed through to customers, so earnings track shipment volumes and product mix. Aerospace plate is the richest line. The Warrick, Indiana mill bought from Alcoa in 2021 added can-sheet supply.
Moat: narrow (customer qualification, scale). Certified aerospace-grade mills take years to qualify; commodity aluminum pricing still drives margins.
Headquarters: Franklin, Tennessee, US · Founded: 1946 · Employees: 3,840
Size Kaiser Aluminum (KALU) is a United States Materials company (Aluminum) with a market value of $1.75B, the 1887th largest of 3,117 United States companies the cockpit tracks. Shares closed at $106.84 on 6 Nov 2026.
Performance Over six months the shares fell 40.8%, against -26.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 40.4% over the last twelve months (peer median +13.0%); the operating margin is 7.7% (peer median 7.4%).
Valuation It trades at 10.9× forward earnings against a peer median of 11.2× (8th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.9 points above its cost of capital (10.4% WACC).
Short interest Short interest is 6.0% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.51B | $3.37B | $3.02B | $3.09B | $3.43B |
| Revenue growth | — | +12% | -2% | -10% | — |
| Gross profit | $483M | $320M | $241M | $224M | $150M |
| EBITDA | $467M | $313M | $237M | $209M | $147M |
| Net income | $218M | $112M | $65.7M | $47.2M | -$29.6M |
| Free cash flow | $125M | -$25.5M | -$13.7M | $68.7M | -$206M |
| Capital expenditure | $103M | $137M | $181M | $143M | $142M |
| Total debt | $1.07B | $1.10B | $1.09B | $1.09B | $1.09B |
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 |
|---|---|---|---|---|---|---|
| Kaiser Aluminum KALU | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% |
| Constellium CSTM | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% |
| Alcoa AA | $10.4B | -37% | +10% | 14% | 7.4× | -4.9% |
| Century Aluminum CENX | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% |
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 | KALU | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.6% | -9.1% | 2nd lowest of 21 |
| 6-month return | -40.8% | -26.4% | 3rd lowest of 21 |
| Distance from 52-week high | -46.5% | -39.6% | 9th lowest of 21 |
| Revenue growth (TTM) | +40.4% | +13.0% | 3rd highest of 21 |
| Operating margin | 7.7% | 7.4% | 10th highest of 21 |
| Forward P/E | 10.9× | 11.2× | 8th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 0.8% | 2.0% | 6th least demanding of 12 |
| Growth delivered (Del g) | +23.5% | +9.2% | highest of 12 |
| Hurdle (Req g minus delivered) | -22.7 pp | -10.3 pp | least demanding of 12 |
| ROIC minus cost of capital | +3.9 pp | +0.9 pp | 5th highest of 21 |
| EV / EBITDA | 5.8× | 7.8× | 4th cheapest of 9 |
| Net debt / EBITDA | 2.0× | 2.1× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% | +23.5% |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | n/a | -13.0% | +6.6% |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 12.1× | n/a | n/a |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 33.5× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 10.7× | n/a | n/a |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 9.2× | n/a | n/a |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 12.4× | 8.1% | +16.2% |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 6.2× | -5.3% | +15.7% |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 11.7× | n/a | n/a |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | n/a | n/a | n/a |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | n/a | n/a | n/a |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | n/a | 17.0% | -7.2% |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 7.2× | -2.7% | +16.6% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 3% | n/a | n/a | n/a |
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% | +8.7% |
| Yong Jie New Material 603271.SS | China | $1.03B | -33% | +57% | 4% | n/a | 9.1% | +20.3% |
| Guangdong Haomei New Material 002988.SZ | China | $1.01B | -22% | +16% | 1% | 55.2× | n/a | n/a |
| Yechiu Metal Recycling (China) 601388.SS | China | $1.01B | -25% | +10% | 7% | 16.2× | 2.0% | +6.2% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 16.9× | 6.6% | +9.2% |
| Nippon Light Metal 5703.T | Japan | $949M | -15% | +14% | 5% | 8.8× | -4.1% | +6.2% |
| Century Aluminum CENX | United States | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% | +9.5% |