Kaiser Aluminum Corp key statistics and ratios
In fiscal 2025, Kaiser Aluminum Corp had return on equity of 14.3% and a net margin of 3.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 7.1% | 1.1% | 1.9% | 6.3% | 8.1% | 5.3% | −17.0% | 6.9% | 3.2% | 5.8% | 4.1% | 2.5% | −0.7% | −0.9% | 2.2% | 2.2% | 3.3% | 4.8% |
| Return on equity | 8.1% | 1.4% | 2.8% | 8.8% | 9.7% | 6.8% | −26.4% | 11.6% | 5.8% | 12.3% | 8.4% | 3.9% | −2.6% | −4.5% | 10.1% | 9.1% | 14.3% | 24.3% |
| Return on assets | 6.5% | 1.0% | 1.9% | 5.6% | 5.9% | 4.1% | −15.8% | 6.8% | 3.2% | 6.5% | 4.2% | 1.7% | −0.9% | −1.3% | 3.0% | 2.8% | 4.5% | 8.0% |
| Effective tax rate | 40.6% | 52.2% | 39.2% | 38.5% | 26.8% | 33.0% | — | 37.7% | 65.9% | 23.6% | 22.9% | 25.8% | — | — | 18.3% | 25.3% | 25.0% | 25.3% |
| R&D as % of revenue | 0.4% | 0.5% | 0.5% | 0.5% | 0.6% | 0.7% | 0.7% | 0.8% | 0.7% | 0.6% | 0.7% | 0.8% | 0.4% | 0.3% | 0.4% | 0.4% | 0.3% | — |
| Dividends ÷ net income | 27.8% | 158.3% | 75.3% | 22.8% | 21.9% | 35.4% | — | 35.3% | 77.1% | 41.1% | 63.5% | 150.7% | — | — | 74.3% | 77.2% | 45.6% | 23.8% |
Financial health
- Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $615m of liabilities due within a year.
- Short-term assets cover long-term liabilities $1.6bn short-term assets against $1.3bn of longer-dated liabilities.
- More cash than debt $117m of cash against $1.0bn of debt.
- Debt below 40% of shareholders' equity Debt is 106% of equity.
- Debt burden no higher than five years ago Debt to equity moved from 146% to 106% over five years.
- A year's operating cash flow covers at least 20% of debt $228m of operating cash flow against $1.0bn of debt.
- Operating profit covers interest at least five times over Operating income of $347m against $57m of interest.
Moat
Weak moat
How hard Kaiser Aluminum's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 3 / 20
Net income has been a median 3.5% of total assets over 10 years.
- Pricing power 5 / 20
Gross margin has been a median 13.1%, moving by 4.8 percentage points (standard deviation) across 10 years.
- Durability 3 / 20
Operating margin has been a median 5.4%; its worst year was 1.2%.
- Cash conversion 9 / 20
Free cash flow was positive in 8 of 10 years, at a median 2.5% of revenue.
- Discipline 15 / 20
The diluted share count rose 6.2% over five years; stock-based pay has been a median 0.6% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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