Is the business good?
How good a business is CENX?
Century Aluminum Company earns 50% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
50%
Return on invested capital · cost of capital 9.0% · 41 points above what the capital costs: growth creates value
- Operating margin
- 25%
Operating margin · Basic Materials median 13% · 12 months to Q2 2026
- Cash conversion
- 0.25×
Cash conversion · −0.18× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +12%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −5.0% |
| FY2021 | 3.0% |
| FY2022 | −5.4% |
| FY2023 | 1.3% |
| FY2024 | 4.9% |
| FY2025 | 6.3% |
Details›
- Gross margin12 months to Q2 2026
- 19%
- Operating margin12 months to Q2 2026
- 25%
- Net margin12 months to Q2 2026
- 23%
- Free cash flow margin
- 5.7%
- Revenue, trailing twelve months
- $2.67B
- Free cash flow, trailing twelve months
- $151M
- Net income, trailing twelve months
- $604M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 50%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.