Kaiser Aluminum Corporation (KALU) Income Statement
KALU 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKALU revenue and net income
Where KALU's revenue goes
2025Each bar shows an amount and its share of revenue. KALU kept 3.3% of revenue as net income.
KALU profit margins
KALU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.5% | −0.5% | +23.5% | +9.3% |
| Gross profit | −3.9% | +8.9% | +6.7% | +3.0% |
| Operating income | +117.4% | +262.6% | +18.6% | — |
| Net income | +140.4% | — | +31.3% | — |
| EPS (diluted) | +140.6% | +97.8% | +15.5% | +4.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KALU quarterly EPS vs estimates
Kaiser Aluminum beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 21, 2026 (estimate $2.08).
KALU income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.37B | $3.02B | $3.09B | $3.43B | $2.62B | $1.17B | $1.51B | $1.59B | $1.40B | $1.33B |
| Cost of revenue | $3.05B | $2.69B | $2.75B | $3.18B | $2.35B | $941.3M | $1.22B | $1.34B | $1.13B | $1.04B |
| Gross profit | $319.9M | $332.9M | $332.1M | $247.7M | $273.9M | $231.4M | $298.9M | $241.3M | $271.9M | $288.9M |
| Research & development | $129.2M | $120.8M | $11.1M | $110.9M | $9.3M | $9.1M | $10.5M | $96.3M | $97.5M | $105.0M |
| Sales, general & admin | $129.2M | $120.8M | $122.8M | $110.9M | $118.8M | $95.9M | $104.5M | $96.0M | $96.8M | $104.6M |
| Total operating expenses | $129.2M | $245.2M | $236.3M | $243.7M | $209.5M | $150.3M | $173.2M | $97.7M | $98.3M | $107.8M |
| Operating income | $190.7M | $87.7M | $95.8M | $4.0M | $64.4M | $81.1M | $125.7M | $143.6M | $150.7M | $177.8M |
| Interest income | $800,000 | $3.6M | $1.9M | $1.3M | $200,000 | $600,000 | $600,000 | $300,000 | $200,000 | $100,000 |
| Interest expense | $50.1M | $43.7M | $46.9M | $48.3M | $49.5M | $40.9M | $24.6M | $22.7M | $22.2M | $20.3M |
| Income before taxes | $150.0M | $63.5M | $56.3M | −$37.9M | −$24.0M | $38.8M | $80.4M | $120.0M | $133.0M | $147.2M |
| Income taxes | $37.5M | $16.7M | $9.1M | −$8.3M | −$5.5M | $10.0M | $18.4M | $28.3M | $87.6M | $55.5M |
| Net income | $112.5M | $46.8M | $47.2M | −$29.6M | −$18.5M | $28.8M | $62.0M | $91.7M | $45.4M | $91.7M |
| EBITDA | $322.6M | $223.6M | $211.8M | $117.3M | $117.0M | $136.6M | $193.5M | $182.9M | $194.9M | $216.5M |
| EPS (diluted) | $6.04 | $2.51 | $2.74 | $0.78 | $2.41 | $2.94 | $6.86 | $6.48 | $5.11 | $4.82 |
| Gross margin | 9.5% | 11.0% | 10.8% | 7.2% | 10.4% | 19.7% | 19.7% | 15.2% | 19.5% | 21.7% |
| Operating margin | 5.7% | 2.9% | 3.1% | 0.1% | 2.5% | 6.9% | 8.3% | 9.1% | 10.8% | 13.4% |
| Net margin | 3.3% | 1.5% | 1.5% | −0.9% | −0.7% | 2.5% | 4.1% | 5.8% | 3.2% | 6.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.11B | $929.0M | $843.5M | $823.1M | $777.4M | $765.4M | $747.7M | $773.4M | $737.5M | $721.7M | $743.6M |
| Cost of revenue | $1.09B | $973.6M | $836.5M | $760.8M | $752.4M | $673.4M | $685.9M | $671.8M | $669.8M | $651.3M | $640.2M | $665.2M |
| Gross profit | $169.1M | $133.2M | $92.5M | $82.7M | $70.7M | $104.0M | $79.5M | $75.9M | $103.6M | $86.2M | $81.5M | $78.4M |
| Research & development | $35.7M | $35.4M | $31.9M | $33.9M | $63.4M | $30.8M | $27.8M | $28.8M | $31.6M | $32.6M | $11.1M | $30.5M |
| Sales, general & admin | $35.0M | $34.8M | $31.9M | $33.9M | $32.6M | $30.8M | $28.4M | $28.8M | $31.6M | $32.6M | $32.6M | $30.5M |
| Total operating expenses | $35.4M | $35.4M | $31.9M | $33.9M | $32.6M | $62.6M | $57.4M | $58.5M | $67.4M | $61.9M | $59.8M | $59.3M |
| Operating income | $133.7M | $97.8M | $60.6M | $48.8M | $38.0M | $41.4M | $22.1M | $17.4M | $36.2M | $24.3M | $21.7M | $19.1M |
| Interest income | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $200,000 | $600,000 | $900,000 | $1.2M | $900,000 | $500,000 | $600,000 |
| Interest expense | $14.5M | $14.4M | $14.0M | $12.4M | $12.5M | $11.2M | $10.4M | $10.7M | $11.1M | $11.5M | $11.5M | $11.4M |
| Income before taxes | $126.3M | $82.4M | $43.5M | $47.8M | $29.9M | $28.8M | $12.1M | $15.4M | $24.6M | $23.7M | $8.7M | $5.5M |
| Income taxes | $29.5M | $19.9M | $15.3M | $8.3M | $6.7M | $7.2M | $5.0M | $3.4M | $5.7M | $5.5M | $1.1M | $100,000 |
| Net income | $96.8M | $62.5M | $28.2M | $39.5M | $23.2M | $21.6M | $7.1M | $12.0M | $18.9M | $18.2M | $7.6M | $5.4M |
| EBITDA | $164.3M | $127.2M | $88.4M | $92.2M | $72.0M | $70.0M | $51.2M | $56.0M | $64.7M | $64.0M | $48.9M | $44.3M |
| EPS (diluted) | $5.53 | $3.74 | $1.53 | $1.86 | $1.21 | $1.44 | $0.33 | $0.51 | $0.65 | $1.02 | $0.60 | $0.46 |
| Gross margin | 13.5% | 12.0% | 10.0% | 9.8% | 8.6% | 13.4% | 10.4% | 10.2% | 13.4% | 11.7% | 11.3% | 10.5% |
| Operating margin | 10.6% | 8.8% | 6.5% | 5.8% | 4.6% | 5.3% | 2.9% | 2.3% | 4.7% | 3.3% | 3.0% | 2.6% |
| Net margin | 7.7% | 5.6% | 3.0% | 4.7% | 2.8% | 2.8% | 0.9% | 1.6% | 2.4% | 2.5% | 1.1% | 0.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KALU's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KALU financial results
In fiscal year 2025 (ended December 31, 2025), Kaiser Aluminum reported revenue of $3.4 billion, up 11.5% from the year before. It had net income of $112.5 million (up 140.4%), a net profit margin of 3.3%. Diluted earnings per share came to $6.04. Over five years revenue grew at an average rate of 23.5% a year.
See the KALU stock overview for the latest quote and news, or the KALU chart for price history and technical indicators.
KALU income statement FAQ
What is Kaiser Aluminum's annual revenue?
Kaiser Aluminum reported total revenue of $3.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 11.5% from $3.0 billion the previous year.
Is Kaiser Aluminum profitable?
Yes. Kaiser Aluminum reported net income of $112.5 million in fiscal 2025, a net profit margin of 3.3%; its operating margin was 5.7%.
What is Kaiser Aluminum's gross margin?
Kaiser Aluminum's gross margin was 9.5% in fiscal 2025: for every $100 of revenue, Kaiser Aluminum kept $9 after the direct cost of its products and services.
How much does Kaiser Aluminum spend on research and development?
Kaiser Aluminum spent $129.2 million on research and development in fiscal 2025, 3.8% of revenue.
How fast is Kaiser Aluminum growing?
Revenue grew 23.5% a year on average over the last five fiscal years, from $1.2 billion to $3.4 billion.
What are Kaiser Aluminum's earnings per share?
Kaiser Aluminum earned $6.04 per diluted share in fiscal 2025, compared with $2.51 a year earlier.
When will Kaiser Aluminum report its next earnings?
Kaiser Aluminum is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Kaiser Aluminum's fiscal year end?
Kaiser Aluminum's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.