Is the business good?
How good a business is KALU?
Kaiser Aluminum Corporation earns 10% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
10%
Return on invested capital · cost of capital 9.0% · 1.3 points above what the capital costs: growth creates value
- Operating margin
- 6.6%
Operating margin · Basic Materials median 13% · 12 months to Q1 2026
- Cash conversion
- 0.16×
Cash conversion · −0.41× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +2.7%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 6.9% |
| FY2021 | 2.5% |
| FY2022 | 0.12% |
| FY2023 | 4.0% |
| FY2024 | 3.7% |
| FY2025 | 5.6% |
Details›
- Gross margin12 months to Q1 2026
- 14%
- Operating margin12 months to Q1 2026
- 6.6%
- Net margin12 months to Q1 2026
- 4.1%
- Free cash flow margin
- 0.65%
- Revenue, trailing twelve months
- $3.70B
- Free cash flow, trailing twelve months
- $24M
- Net income, trailing twelve months
- $153M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 10%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.