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Kaiser Aluminum Corporation (KALU) 10-Year Financial Performance & Capital Metrics

KALU • • Industrial / General
Basic MaterialsAluminumSpecialty Aluminum ProductsPackaging & Industrial Specialists
AboutKaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products. The company's automotive extrusions include extruded aluminum products for structural components, crash management systems, anti-lock braking systems, and drawn tubes for drive shafts, as well as offers fabrication services, including sawing and cutting to length. Its packaging products consist of bare and coated 3000- and 5000-series alloy aluminum coil used for beverage and food packaging industry; and Its general engineering products comprise alloy plate, sheet, rod, bar, tube, wire, and standard extrusion shapes used in various applications, including the production of military vehicles, ordnances, semiconductor manufacturing cells, electronic devices, after-market motor sport parts, tooling plates, parts for machinery and equipment, bolts, screws, nails, and rivets. In addition, it offers rerolled, extruded, drawn, and cast billet aluminum products for industrial end uses. It sells its products directly to customers through sales personnel located in the United States, Canada, Western Europe, and China, as well as through independent sales agents in other regions of Asia, Latin America, and the Middle East. The company was founded in 1946 and is headquartered in Foothill Ranch, California.Show more
  • Revenue $3.02B -2.0%
  • EBITDA $204M -0.1%
  • Net Income $47M -0.8%
  • EPS (Diluted) 2.87 -1.7%
  • Gross Margin 11.01% +2.3%
  • EBITDA Margin 6.75% +1.9%
  • Operating Margin 2.9% -6.5%
  • Net Margin 1.55% +1.2%
  • ROE 7.09% -3.6%
  • ROIC 3.88% -10.5%
  • Debt/Equity 1.63 -1.5%
  • Interest Coverage 2.01 -1.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 89 (top 11%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 14.8%
  • ✓Healthy dividend yield of 2.4%
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.3%
  • ✗Negative free cash flow
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Thin 5Y average net margin of 0.8%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.35%
5Y14.84%
3Y4.87%
TTM7.69%

Profit (Net Income) CAGR

10Y-4.19%
5Y-5.47%
3Y-
TTM61.2%

EPS CAGR

10Y-2.92%
5Y-5.61%
3Y-
TTM120.32%

ROCE

10Y Avg3.86%
5Y Avg3.74%
3Y Avg3.3%
Latest4.6%

Peer Comparison

Packaging & Industrial Specialists
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KALUKaiser Aluminum Corporation2.13B131.2245.72-2.04%2.85%11.34%1.63

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.39B1.33B1.4B1.59B1.51B1.17B2.62B3.43B3.09B3.02B
Revenue Growth %0.03%-0.04%0.05%0.13%-0.05%-0.23%1.24%0.31%-0.1%-0.02%
Cost of Goods Sold+1.15B1.04B1.13B1.34B1.22B941.3M2.35B3.18B2.75B2.69B
COGS % of Revenue0.83%0.78%0.81%0.85%0.8%0.8%0.9%0.93%0.89%0.89%
Gross Profit+238.1M288.9M271.9M241.3M298.9M231.4M273.9M247.7M332.1M332.9M
Gross Margin %0.17%0.22%0.19%0.15%0.2%0.2%0.1%0.07%0.11%0.11%
Gross Profit Growth %0.21%0.21%-0.06%-0.11%0.24%-0.23%0.18%-0.1%0.34%0%
Operating Expenses+88.2M107.8M98.3M97.7M173.2M150.3M209.5M243.7M236.3M245.2M
OpEx % of Revenue0.06%0.08%0.07%0.06%0.11%0.13%0.08%0.07%0.08%0.08%
Selling, General & Admin88.1M105M97.5M96.3M104.5M95.9M118.8M110.9M122.7M120.8M
SG&A % of Revenue0.06%0.08%0.07%0.06%0.07%0.08%0.05%0.03%0.04%0.04%
Research & Development88.1M105M97.5M96.3M10.5M9.1M0011.1M120.8M
R&D % of Revenue0.06%0.08%0.07%0.06%0.01%0.01%--0%0.04%
Other Operating Expenses-497.6M-13.6M-3.6M-900K58.2M45.3M90.7M132.8M102.5M3.6M
Operating Income+-345.9M177.8M150.7M143.6M125.7M81.1M64.4M4M95.8M87.7M
Operating Margin %-0.25%0.13%0.11%0.09%0.08%0.07%0.02%0%0.03%0.03%
Operating Income Growth %-3.51%1.51%-0.15%-0.05%-0.12%-0.35%-0.21%-0.94%22.95%-0.08%
EBITDA+-313.5M213.8M190.4M187.5M174.8M133.3M155.9M110.9M204.4M204.1M
EBITDA Margin %-0.23%0.16%0.14%0.12%0.12%0.11%0.06%0.03%0.07%0.07%
EBITDA Growth %-2.86%1.68%-0.11%-0.02%-0.07%-0.24%0.17%-0.29%0.84%-0%
D&A (Non-Cash Add-back)32.4M36M39.7M43.9M49.1M52.2M91.5M106.9M108.6M116.4M
EBIT-347.7M180.5M169.9M139M144.4M84.4M25.5M10.4M103.2M107.2M
Net Interest Income+-23.7M-20.2M-22M-22.4M-24M-40.3M-49.3M-47M-45.2M-40.1M
Interest Income400K100K200K300K600K600K200K1.3M1.7M3.6M
Interest Expense24.1M20.3M22.2M22.7M24.6M40.9M49.5M48.3M46.9M43.7M
Other Income/Expense-25.9M-33.9M-22.2M-23.6M-45.3M-42.3M-88.4M-41.9M-39.5M-24.2M
Pretax Income+-371.8M147.2M133M120M80.4M38.8M-24M-37.9M56.3M63.5M
Pretax Margin %-0.27%0.11%0.1%0.08%0.05%0.03%-0.01%-0.01%0.02%0.02%
Income Tax+-135.2M55.5M87.6M28.3M18.4M10M-5.5M-8.3M9.1M16.7M
Effective Tax Rate %0.64%0.62%0.34%0.76%0.77%0.74%0.77%0.78%0.84%0.74%
Net Income+-236.6M91.7M45.4M91.7M62M28.8M-18.5M-29.6M47.2M46.8M
Net Margin %-0.17%0.07%0.03%0.06%0.04%0.02%-0.01%-0.01%0.02%0.02%
Net Income Growth %-4.3%1.39%-0.5%1.02%-0.32%-0.54%-1.64%-0.6%2.59%-0.01%
Net Income (Continuing)-236.6M91.7M45.4M91.7M62M28.8M-18.5M-29.6M47.2M46.8M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-13.765.092.635.433.831.81-1.17-1.862.922.87
EPS Growth %-4.56%1.37%-0.48%1.06%-0.29%-0.53%-1.65%-0.59%2.57%-0.02%
EPS (Basic)-13.765.152.675.533.881.82-1.17-1.862.952.91
Diluted Shares Outstanding17.2M18.03M17.26M16.87M16.2M15.91M15.84M15.91M16.13M16.32M
Basic Shares Outstanding17.19M17.81M17M16.59M16M15.8M15.84M15.91M15.99M16.07M
Dividend Payout Ratio-0.35%0.77%0.41%0.64%1.51%--1.07%1.08%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+501.6M655.9M656.6M656.6M779.8M1.12B1.21B1.04B990.2M976.4M
Cash & Short-Term Investments102.5M286.2M234.8M162.3M343.3M780.3M303.2M57.4M82.4M18.4M
Cash Only72.5M55.2M51.1M125.6M264.6M780.3M303.2M57.4M82.4M18.4M
Short-Term Investments30M231M183.7M36.7M78.7M00000
Accounts Receivable122.8M149.6M180.5M260.3M239.8M160.5M448.9M429.3M396.1M415.1M
Days Sales Outstanding32.241.0447.1459.9157.8149.9662.4945.7146.8350.1
Inventory219.6M201.6M207.9M215.1M177.6M152M404.6M525.4M477.2M503.9M
Days Inventory Outstanding69.4770.6467.4258.3953.3458.9462.8960.363.2268.35
Other Current Assets54.8M00019.1M28.6M48.7M30.5M34.5M39M
Total Non-Current Assets+748.5M787.6M728.6M762.7M746.4M743.3M1.22B1.25B1.28B1.34B
Property, Plant & Equipment495.4M530.9M571.4M611.8M647.8M653.7M1B1.05B1.08B1.19B
Fixed Asset Turnover2.81x2.51x2.45x2.59x2.34x1.79x2.62x3.26x2.85x2.54x
Goodwill37.2M37.2M18.8M44M18.8M18.8M39.3M18.8M18.8M18.8M
Intangible Assets30.5M26.4M25M32.4M29.6M26.7M67.7M55.3M50M45.5M
Long-Term Investments11M13M19.3M14.6M15.9M16.5M15.5M16.2M19.4M19.8M
Other Non-Current Assets11.8M20.4M22.1M24M22.5M27.6M89.7M96.1M98.7M58.8M
Total Assets+1.25B1.44B1.39B1.42B1.53B1.86B2.42B2.29B2.27B2.31B
Asset Turnover1.11x0.92x1.01x1.12x0.99x0.63x1.08x1.50x1.36x1.31x
Asset Growth %-0.28%0.15%-0.04%0.02%0.08%0.22%0.3%-0.06%-0.01%0.02%
Total Current Liabilities+169.3M165M173.1M205.5M170.4M158.3M456.7M418.7M370M400.6M
Accounts Payable76.7M75.8M90M121.4M92M86.1M351.4M305.1M252.7M266.9M
Days Payables Outstanding24.2626.5629.1832.9527.6333.3954.6235.0233.4836.2
Short-Term Debt00005.1M6.3M11.1M11.2M00
Deferred Revenue (Current)1000K200K00000000
Other Current Liabilities28.8M15.6M0-1.4M29.8M28.2M37.8M48.3M058.8M
Current Ratio2.96x3.98x3.79x3.20x4.58x7.08x2.64x2.49x2.68x2.44x
Quick Ratio1.67x2.75x2.59x2.15x3.53x6.12x1.75x1.24x1.39x1.18x
Cash Conversion Cycle77.4185.1285.3785.3483.5275.5170.767176.5882.25
Total Non-Current Liabilities+306.4M473.8M465.8M473.4M621.9M974M1.27B1.24B1.25B1.25B
Long-Term Debt194.6M368.7M369.6M370.4M492.6M838.1M1.04B1.04B1.04B1.04B
Capital Lease Obligations100K005.6M30.6M31.8M46.9M40.4M29.2M38.2M
Deferred Tax Liabilities2.1M3.3M4.3M4.2M4.5M13.9M10.5M4.9M13.9M24.1M
Other Non-Current Liabilities106.1M101.7M91.9M93.2M94.2M90.2M179.5M155.5M162.3M142.4M
Total Liabilities475.7M638.8M638.9M678.9M792.3M1.13B1.73B1.66B1.62B1.65B
Total Debt+197.9M368.9M369.6M370.4M528.3M876.2M1.09B1.09B1.08B1.09B
Net Debt125.4M313.7M318.5M244.8M263.7M95.9M791.1M1.03B996.7M1.07B
Debt / Equity0.26x0.46x0.50x0.50x0.72x1.20x1.58x1.73x1.65x1.63x
Debt / EBITDA-1.73x1.94x1.98x3.02x6.57x7.02x9.83x5.28x5.33x
Net Debt / EBITDA-1.47x1.67x1.31x1.51x0.72x5.07x9.31x4.88x5.24x
Interest Coverage-14.35x8.76x6.79x6.33x5.11x1.98x1.30x0.08x2.04x2.01x
Total Equity+774.4M804.7M746.3M740.4M733.9M732.4M692.5M631.2M652.2M668M
Equity Growth %-0.24%0.04%-0.07%-0.01%-0.01%-0%-0.05%-0.09%0.03%0.02%
Book Value per Share45.0244.6243.2443.8845.2946.0343.7339.6840.4340.93
Total Shareholders' Equity774.4M804.7M746.3M740.4M733.9M732.4M692.5M631.2M652.2M668M
Common Stock200K200K200K200K200K200K200K200K200K200K
Retained Earnings15.9M75.2M85.5M150.2M172.8M158.2M93M13.3M10.1M6.2M
Treasury Stock-246.5M-281.4M-358.6M-420.5M-463.4M-475.9M-475.9M-475.9M-475.9M-475.9M
Accumulated OCI-31.7M-36.7M-36.7M-48.8M-38.6M-18.7M-3.7M3.2M13.1M20.5M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+158.8M164.3M141.5M150.2M232.3M206.9M79.4M-63.1M211.9M167.1M
Operating CF Margin %0.11%0.12%0.1%0.09%0.15%0.18%0.03%-0.02%0.07%0.06%
Operating CF Growth %0.28%0.03%-0.14%0.06%0.55%-0.11%-0.62%-1.79%4.36%-0.21%
Net Income-236.6M91.7M45.4M91.7M62M28.8M-18.5M-29.6M47.2M46.8M
Depreciation & Amortization32.4M36M39.7M43.9M49.1M52.2M91.5M106.9M108.6M116.4M
Stock-Based Compensation9.5M11.8M13.3M10.3M9.8M10M12.9M14.3M16.1M0
Deferred Taxes-131.7M57.4M89M36.7M21.1M15.2M-11.4M-12M7.5M6.8M
Other Non-Cash Items448.3M-13.2M-13.1M12.1M60.2M2.5M45.2M27.1M1.8M29.8M
Working Capital Changes36.9M-19.4M-32.8M-44.5M30.1M98.2M-40.3M-169.8M30.7M-32.7M
Change in Receivables30.7M-8.6M-37.3M-22.3M20.2M60.8M-117.4M15M33.2M-19.3M
Change in Inventory-7.5M13.1M-6.3M-45M37.5M25.6M-43.5M-120.8M48.2M-29.4M
Change in Payables-13.6M3.4M13M29.2M-24.5M-5.9M112.5M-61.2M-43M14.1M
Cash from Investing+20.4M-276.4M-25.5M31.1M-101.8M26.9M-665.8M-125.8M-128.2M-174.6M
Capital Expenditures-63.1M-76.1M-75.5M-74.1M-60.2M-51.9M-58M-142.5M-143.2M-180.8M
CapEx % of Revenue0.05%0.06%0.05%0.05%0.04%0.04%0.02%0.04%0.05%0.06%
Acquisitions----------
Investments----------
Other Investing-63.1M-76.1M-74.9M600K-60M-51.6M1.8M17M15.2M6M
Cash from Financing+-284.4M94.8M-119.4M-106M8.5M281.9M109.1M-56.8M-54.3M-55.3M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-28.1M-32.4M-35M-37.7M-39.4M-43.4M-46.7M-50.1M-50.4M-50.7M
Share Repurchases----------
Other Financing-2.1M-9.7M-4.5M-6.9M-15M-10.5M-11.2M-1.8M00
Net Change in Cash----------
Free Cash Flow+95.7M88.2M66M76.1M172.1M155M21.4M-205.6M68.7M-13.7M
FCF Margin %0.07%0.07%0.05%0.05%0.11%0.13%0.01%-0.06%0.02%-0%
FCF Growth %0.48%-0.08%-0.25%0.15%1.26%-0.1%-0.86%-10.61%1.33%-1.2%
FCF per Share5.564.893.824.5110.629.741.35-12.934.26-0.84
FCF Conversion (FCF/Net Income)-0.67x1.79x3.12x1.64x3.75x7.18x-4.29x2.13x4.49x3.57x
Interest Paid00000048.7M000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-26.43%11.61%5.85%12.34%8.41%3.93%-2.6%-4.47%7.36%7.09%
Return on Invested Capital (ROIC)-24.3%13.21%10.35%10.51%9.51%6.66%4.18%0.19%4.34%3.88%
Gross Margin17.11%21.71%19.46%15.22%19.74%19.73%10.45%7.23%10.76%11.01%
Net Margin-17%6.89%3.25%5.78%4.09%2.46%-0.71%-0.86%1.53%1.55%
Debt / Equity0.26x0.46x0.50x0.50x0.72x1.20x1.58x1.73x1.65x1.63x
Interest Coverage-14.35x8.76x6.79x6.33x5.11x1.98x1.30x0.08x2.04x2.01x
FCF Conversion-0.67x1.79x3.12x1.64x3.75x7.18x-4.29x2.13x4.49x3.57x
Revenue Growth2.64%-4.4%5.03%13.48%-4.53%-22.55%123.59%30.74%-9.94%-2.04%

Revenue by Segment

2015201620172018201920202021202220232024
Packaging------1.12B1.59B1.32B1.26B
Packaging Growth-------41.63%-17.04%-4.13%
Aero Hs Products-----537.9M533.7M676.1M899.3M883M
Aero Hs Products Growth-------0.78%26.68%33.01%-1.81%
Ge Products-----458.8M706.1M883.8M596.5M618.1M
Ge Products Growth------53.90%25.17%-32.51%3.62%
Automotive Extrusions199.2M188.8M217.3M239.3M190.5M161.4M225M254.8M254.9M251.9M
Automotive Extrusions Growth--5.22%15.10%10.12%-20.39%-15.28%39.41%13.24%0.04%-1.18%
Other Products71.1M46.3M50.3M61.2M40.3M14.6M37.9M27.9M21.1M10.1M
Other Products Growth--34.88%8.64%21.67%-34.15%-63.77%159.59%-26.39%-24.37%-52.13%
Aero HS Products695.5M675.4M653.7M739.4M803.2M-----
Aero HS Products Growth--2.89%-3.21%13.11%8.63%-----
GE Products426.1M420.1M476.2M546M480.1M-----
GE Products Growth--1.41%13.35%14.66%-12.07%-----

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES1.32B1.28B1.34B-1.46B1.13B2.54B3.33B2.99B2.92B
UNITED STATES Growth--3.23%4.59%---22.90%125.86%30.77%-10.28%-2.21%
Non-US-------99.7M101M104M
Non-US Growth--------1.30%2.97%
Non Us-----45.9M77M---
Non Us Growth------67.76%---
CANADA70.6M52M60.2M-52.7M-----
CANADA Growth--26.35%15.77%-------

Frequently Asked Questions

Valuation & Price

Kaiser Aluminum Corporation (KALU) has a price-to-earnings (P/E) ratio of 45.7x. This suggests investors expect higher future growth.

Growth & Financials

Kaiser Aluminum Corporation (KALU) reported $3.21B in revenue for fiscal year 2024. This represents a 147% increase from $1.30B in 2011.

Kaiser Aluminum Corporation (KALU) saw revenue decline by 2.0% over the past year.

Yes, Kaiser Aluminum Corporation (KALU) is profitable, generating $91.4M in net income for fiscal year 2024 (1.5% net margin).

Dividend & Returns

Yes, Kaiser Aluminum Corporation (KALU) pays a dividend with a yield of 2.37%. This makes it attractive for income-focused investors.

Kaiser Aluminum Corporation (KALU) has a return on equity (ROE) of 7.1%. This is below average, suggesting room for improvement.

Kaiser Aluminum Corporation (KALU) generated $13.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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