Kaiser Aluminum Corporation (KALU) Key Metrics
KALU valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.41B
- Enterprise value
- $3.57B
- P/E (TTM)
- 10.9 10-yr median 24.4
- Forward P/E
- 27.7
- PEG ratio
- 1.17
- Price / sales
- 0.6 10-yr median 0.8
- Price / book
- 2.7 10-yr median 2.1
- EV / EBITDA
- 7.5 10-yr median 10.1
- Dividend yield
- 2.09% $3.08 a year
- Beta
- 1.58
KALU key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKALU valuation Price multiples at each fiscal year-end price.
KALU returns How much profit the business earns on the capital it uses.
KALU per-share figures Results divided by the shares outstanding at year-end.
KALU financial health Debt, liquidity and how easily interest is covered.
KALU efficiency & capital use Working capital cycle and where the cash goes.
KALU valuation history
KALU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KALU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KALU cash returned to shareholders
KALU price vs earnings per share
KALU key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.91B | $1.15B | $1.15B | $1.21B | $1.49B | $1.57B | $1.80B | $1.51B | $1.84B | $1.40B |
| Enterprise value | $3.02B | $2.22B | $2.15B | $2.24B | $2.28B | $1.67B | $1.98B | $1.71B | $1.98B | $1.48B |
| P/E ratio | 17.0 | 24.5 | 24.3 | — | — | 54.6 | 29.0 | 16.4 | 40.6 | 15.3 |
| Price / sales | 0.6 | 0.4 | 0.4 | 0.4 | 0.6 | 1.3 | 1.2 | 1.0 | 1.3 | 1.1 |
| Price / book | 2.3 | 1.7 | 1.8 | 1.9 | 2.1 | 2.1 | 2.4 | 2.0 | 2.5 | 1.7 |
| Price / free cash flow | — | — | 16.7 | — | 69.5 | 10.2 | 10.4 | 19.8 | 27.9 | 15.9 |
| Price / operating cash flow | 17.1 | 6.9 | 5.4 | — | 18.7 | 7.6 | 7.7 | 10.0 | 13.0 | 8.5 |
| EV / sales | 0.9 | 0.7 | 0.7 | 0.7 | 0.9 | 1.4 | 1.3 | 1.1 | 1.4 | 1.1 |
| EV / EBITDA | 9.4 | 9.9 | 10.1 | 19.1 | 19.5 | 12.2 | 10.2 | 9.4 | 10.2 | 6.9 |
| EV / free cash flow | — | — | 31.2 | — | 106.5 | 10.8 | 11.5 | 22.5 | 30.0 | 16.8 |
| Earnings yield | 5.9% | 4.1% | 4.1% | −2.4% | −1.2% | 1.8% | 3.5% | 6.1% | 2.5% | 6.5% |
| Free cash flow yield | −1.3% | −1.2% | 6.0% | −17.0% | 1.4% | 9.8% | 9.6% | 5.1% | 3.6% | 6.3% |
| Dividend yield | 2.7% | 4.4% | 4.4% | 4.1% | 3.1% | 2.8% | 2.2% | 2.5% | 1.9% | 2.3% |
| Shareholder yield (dividends + buybacks) | 2.7% | 4.6% | 4.5% | 4.4% | 3.3% | 3.8% | 5.0% | 6.5% | 6.2% | 4.7% |
| Share price at fiscal year-end | $114.86 | $70.27 | $71.19 | $75.96 | $93.94 | $98.90 | $110.89 | $89.29 | $106.85 | $77.69 |
| Per share | ||||||||||
| Revenue per share | $202.92 | $185.31 | $191.37 | $215.51 | $165.57 | $73.69 | $93.45 | $93.98 | $80.97 | $73.79 |
| Earnings per share | $6.77 | $2.87 | $2.93 | −$1.86 | −$1.17 | $1.81 | $3.83 | $5.43 | $2.63 | $5.09 |
| Operating cash flow per share | $6.70 | $10.24 | $13.14 | −$3.97 | $5.01 | $13.00 | $14.34 | $8.90 | $8.20 | $9.11 |
| Free cash flow per share | −$1.53 | −$0.84 | $4.26 | −$12.93 | $1.35 | $9.74 | $10.62 | $4.51 | $3.82 | $4.89 |
| Cash per share | $0.42 | $1.13 | $5.11 | $3.61 | $19.15 | $49.04 | $21.19 | $9.62 | $13.60 | $15.87 |
| Book value per share | $49.70 | $40.93 | $40.43 | $39.68 | $43.73 | $46.03 | $45.29 | $43.88 | $43.24 | $44.62 |
| Tangible book value per share | $46.10 | $36.99 | $36.17 | $35.02 | $36.97 | $43.17 | $42.31 | $39.35 | $40.70 | $41.10 |
| Dividends per share | $3.09 | $3.11 | $3.12 | $3.15 | $2.95 | $2.73 | $2.43 | $2.23 | $2.03 | $1.80 |
| Capex per share | $8.24 | $11.08 | $8.88 | $8.96 | $3.66 | $3.26 | $3.72 | $4.39 | $4.37 | $4.22 |
| Debt per share | $67.53 | $66.70 | $66.90 | $68.51 | $69.10 | $55.06 | $32.61 | $21.95 | $21.41 | $20.46 |
| Shares outstanding | 16.6M | 16.3M | 16.1M | 15.9M | 15.8M | 15.9M | 16.2M | 16.9M | 17.3M | 18.0M |
| Change in shares outstanding | +1.9% | +1.2% | +1.4% | +0.4% | −0.5% | −1.8% | −4.0% | −2.2% | −4.3% | +4.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.1% | 7.1% | 7.4% | −4.5% | −2.6% | 3.9% | 8.4% | 12.3% | 5.9% | 11.6% |
| Return on invested capital (ROIC) | 7.8% | 3.8% | 4.8% | 0.2% | 4.4% | 6.9% | 10.4% | 12.0% | 8.5% | 12.6% |
| Return on assets (ROA) | 4.6% | 2.0% | 2.1% | −1.3% | −0.9% | 1.7% | 4.2% | 6.5% | 3.2% | 6.8% |
| Return on tangible assets | 4.5% | 2.1% | 2.1% | −1.3% | −0.8% | 1.6% | 4.2% | 6.8% | 3.4% | 6.6% |
| Free cash flow margin | −0.8% | −0.5% | 2.2% | −6.0% | 0.8% | 13.2% | 11.4% | 4.8% | 4.7% | 6.6% |
| Income quality (OCF / net income) | 0.99 | 3.57 | 4.49 | — | — | 7.18 | 3.75 | 1.64 | 3.12 | 1.79 |
| Financial health | ||||||||||
| Total debt | $1.12B | $1.09B | $1.08B | $1.09B | $1.09B | $876.2M | $528.3M | $370.4M | $369.6M | $368.9M |
| Cash & short-term investments | $7.0M | $18.4M | $82.4M | $57.4M | $303.2M | $780.3M | $343.3M | $162.3M | $234.8M | $286.2M |
| Net debt | $1.12B | $1.07B | $996.7M | $1.03B | $791.1M | $95.9M | $185.0M | $208.1M | $134.8M | $82.7M |
| Debt / equity | 1.36 | 1.63 | 1.65 | 1.73 | 1.58 | 1.20 | 0.72 | 0.50 | 0.50 | 0.46 |
| Debt / assets | 0.44 | 0.47 | 0.48 | 0.48 | 0.45 | 0.47 | 0.35 | 0.26 | 0.27 | 0.26 |
| Net debt / EBITDA | 3.46 | 4.79 | 4.71 | 8.80 | 6.76 | 0.70 | 0.96 | 1.14 | 0.69 | 0.38 |
| Current ratio | 2.95 | 2.44 | 2.68 | 2.49 | 2.64 | 7.08 | 4.58 | 3.20 | 3.79 | 3.98 |
| Quick ratio | 1.26 | 1.18 | 1.39 | 1.24 | 1.75 | 6.12 | 3.53 | 2.15 | 2.59 | 2.75 |
| Interest coverage | 3.8 | 2.0 | 2.0 | 0.1 | 1.3 | 2.0 | 5.1 | 6.3 | 6.8 | 8.8 |
| Working capital | $834.3M | $575.8M | $620.2M | $623.9M | $748.7M | $963.1M | $609.4M | $451.1M | $483.5M | $490.9M |
| Invested capital | $1.94B | $1.74B | $1.65B | $1.66B | $1.48B | $828.3M | $918.9M | $948.5M | $881.1M | $887.4M |
| Tangible asset value | $766.3M | $603.7M | $583.4M | $557.1M | $585.5M | $686.9M | $685.5M | $664.0M | $702.5M | $741.1M |
| Net current asset value | −$477.2M | −$670.5M | −$625.0M | −$615.0M | −$524.5M | −$10.9M | −$12.5M | −$22.3M | $17.7M | $17.1M |
| Graham number | $87.00 | $51.39 | $51.59 | — | — | $43.29 | $62.45 | $73.25 | $50.59 | $71.45 |
| Graham net-net per share | −$60.41 | −$65.28 | −$61.81 | −$63.85 | −$56.06 | −$9.78 | −$11.13 | −$12.67 | −$9.55 | −$7.74 |
| Capital allocation | ||||||||||
| Dividends paid | $51.3M | $50.7M | $50.4M | $50.1M | $46.7M | $43.4M | $39.4M | $37.7M | $35.0M | $32.4M |
| Share buybacks (net) | — | $2.1M | $1.8M | $2.8M | $2.6M | $16.8M | $50.4M | $60.7M | $79.5M | $33.3M |
| Dividend payout ratio | 45.6% | 108.3% | 106.8% | — | — | 150.7% | 63.5% | 41.1% | 77.1% | 35.3% |
| Dividends + buybacks / free cash flow | — | — | 76.0% | — | 230.4% | 38.8% | 52.2% | 129.3% | 173.5% | 74.5% |
| Capex / revenue | 4.1% | 6.0% | 4.6% | 4.2% | 2.2% | 4.4% | 4.0% | 4.7% | 5.4% | 5.7% |
| Capex / operating cash flow | 122.9% | 108.2% | 67.6% | — | 73.0% | 25.1% | 25.9% | 49.3% | 53.4% | 46.3% |
| Capex / depreciation | 1.12 | 1.55 | 1.32 | 1.33 | 0.63 | 0.99 | 1.23 | 1.69 | 1.90 | 2.11 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.5% | 0.4% | 0.5% | 0.9% | 0.6% | 0.6% | 1.0% | 0.9% |
| R&D / revenue | 3.8% | 4.0% | 0.4% | 3.2% | 0.4% | 0.8% | 0.7% | 6.1% | 7.0% | 7.9% |
| SG&A / revenue | 3.8% | 4.0% | 4.0% | 3.2% | 4.5% | 8.2% | 6.9% | 6.1% | 6.9% | 7.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 48.8 | 49.0 | 48.8 | 46.8 | 42.4 | 62.3 | 60.3 | 50.7 | 43.1 | 37.4 |
| Days of inventory on hand | 73.5 | 66.5 | 66.4 | 53.4 | 43.3 | 63.9 | 59.0 | 57.4 | 66.4 | 73.8 |
| Days payables outstanding | 32.4 | 35.2 | 37.0 | 37.7 | 34.0 | 34.5 | 32.0 | 28.7 | 26.9 | 26.7 |
| Cash conversion cycle (days) | 89.9 | 80.3 | 78.3 | 62.5 | 51.7 | 91.7 | 87.2 | 79.4 | 82.6 | 84.4 |
| Receivables turnover | 7.48 | 7.46 | 7.48 | 7.81 | 8.61 | 5.86 | 6.06 | 7.20 | 8.47 | 9.77 |
| Payables turnover | 11.28 | 10.36 | 9.88 | 9.69 | 10.73 | 10.57 | 11.39 | 12.72 | 13.58 | 13.66 |
| Inventory turnover | 4.97 | 5.49 | 5.50 | 6.84 | 8.44 | 5.71 | 6.19 | 6.36 | 5.50 | 4.95 |
| Asset turnover | 1.38 | 1.32 | 1.36 | 1.46 | 1.22 | 0.69 | 1.03 | 1.13 | 0.99 | 0.99 |
| Average receivables | $450.9M | $405.6M | $412.7M | $439.1M | $304.7M | $200.2M | $250.1M | $220.4M | $165.1M | $136.2M |
| Average payables | $270.8M | $259.8M | $278.9M | $328.2M | $218.8M | $89.0M | $106.7M | $105.7M | $82.9M | $76.2M |
| Average inventory | $614.5M | $490.6M | $501.3M | $465.0M | $278.3M | $164.8M | $196.3M | $211.5M | $204.8M | $210.6M |
| Intangibles / total assets | 2.3% | 2.8% | 3.0% | 3.2% | 4.4% | 2.4% | 3.2% | 5.4% | 3.2% | 4.4% |
Computed from KALU's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KALU valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kaiser Aluminum traded at 17.0 times earnings, against a 10-year median of 24.4. Based on the latest twelve months, the trailing P/E is 10.9 and the forward P/E is 27.7. Kaiser Aluminum earned a return on equity of 15.1% and a return on invested capital of 7.8% in fiscal 2025. It ended the year with $1.1 billion of debt and $7.0 million in cash and short-term investments, net debt of $1.1 billion. It returned $51.3 million to shareholders: $51.3 million in dividends and $0 in share buybacks. The share count fell 7.8% from 18.0M to 16.6M over 9 years.
See the KALU income statement, the KALU chart for price history, or the KALU stock overview for the latest quote and news.
KALU key metrics FAQ
What is Kaiser Aluminum's P/E ratio?
Kaiser Aluminum's trailing P/E ratio is 10.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 27.7. At the end of fiscal 2025 it was 17.0, compared with a 10-year median of 24.4.
What is Kaiser Aluminum's EV/EBITDA?
Kaiser Aluminum's enterprise value was 9.4 times EBITDA at the end of fiscal 2025 (enterprise value $3.0 billion, EBITDA $322.6 million); the current EV/EBITDA is 7.5.
What is Kaiser Aluminum's return on equity?
Kaiser Aluminum's return on equity (ROE) was 15.1% in fiscal 2025: net income of $112.5 million on average shareholders' equity of $747.0 million.
What is Kaiser Aluminum's ROIC?
Kaiser Aluminum's return on invested capital was 7.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kaiser Aluminum have?
Kaiser Aluminum had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.36 and $1.1 billion of net debt (3.46 times EBITDA).
What is Kaiser Aluminum's dividend yield?
Kaiser Aluminum's forward dividend yield is 2.09%. Kaiser Aluminum paid $51.3 million in dividends in fiscal 2025 ($3.09 per share), a payout ratio of 45.6%.
What is Kaiser Aluminum's free cash flow yield?
Kaiser Aluminum generated -$25.5 million of free cash flow in fiscal 2025, a free cash flow yield of −1.3% on its market value at year-end ($1.9 billion).
What is Kaiser Aluminum's current ratio?
Kaiser Aluminum's current ratio was 2.95 at the end of fiscal 2025: current assets were 2.95 times current liabilities.