The Filing Desk

Century Aluminum vs Kaiser Aluminum

Century Aluminum CENX · Kaiser Aluminum KALU · Aluminum

Kaiser Aluminum reported revenue of $3.4 billion in fiscal 2025, 1.3 times Century Aluminum's $2.5 billion in fiscal 2025. Century Aluminum's revenue grew 13.8% in its latest year, and Kaiser Aluminum's grew 11.5%. Century Aluminum had an operating margin of 6.2%, against 5.6% at Kaiser Aluminum. Free cash flow was $85 million at Century Aluminum and −$26 million at Kaiser Aluminum.

Side by side

Century AluminumKaiser Aluminum
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$2.5B$3.4B
Revenue growth13.8%11.5%
Revenue growth a year, last 5 years9.5%23.5%
Gross margin10.1%13.1%
Operating margin6.2%5.6%
Net margin1.6%3.3%
Free cash flow$85M−$26M
Free cash flow margin3.4%−0.8%
Return on capital—7.7%
Net debt to EBITDA—3.4x
Dividends and buybacks$0M$51M
Change in diluted share count−3.1%1.9%
Last close$31.80$105.47
P/E at the last close5.5×8.2×
Insider trades, last 12 monthssold $625.3 millionsold $16.7 million
Piotroski F-score—7 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Century AluminumKaiser Aluminum
Operating margin
Percent of revenue
Century AluminumKaiser Aluminum
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Century AluminumKaiser Aluminum

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Century Aluminum and Kaiser Aluminum pages.