olivLaw · US equity research
Kaiser Aluminum Corporation KALU
Rolling Drawing & Extruding of Nonferrous Metals · SIC 3350 · Vertical: Primary metal industries (SIC 335x)
Kaiser Aluminum makes specialty semi-fabricated aluminum products for aerospace, beverage and food packaging, general engineering and automotive extrusion customers. In fiscal 2025 the company reported net sales of 3.37 billion USD, and in the third quarter of 2026 it reported Adjusted EBITDA of 84 million USD as its balance sheet improved.
At the close of 04 Nov 2026, Kaiser Aluminum Corporation (KALU) stock was 110.74 USD (−6.23% on the day), with market capitalisation 1.8 bn USD, P/E 8.6 on diluted EPS of 12.93 USD over the last 12 months, dividend yield 2.78%, beta 1.47, 52-week range 89.62–195.63 USD. Latest reported quarter (Q3 2026): revenue of 1.2 bn USD (+44.0% YoY), net income of 31.0 m USD (−21.5% YoY), diluted EPS 1.84 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 31.6
- weak (30–45)
- Bollinger (20, 2)
- 95.91 – 169.09
- in the lower half of the band · %B 0.20 · band width 55.2%
- SMA 50 / 200
- 146.21 / 153.12
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -10.47 / -9.08
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −28.9% | −1.1% | −27.8 pp | — |
| 3 months | −37.8% | −0.5% | −37.4 pp | — |
| 6 months | −38.6% | +4.4% | −43.0 pp | — |
| Year to date | −3.6% | +12.3% | −15.9 pp | — |
| 1 year | +21.4% | +13.5% | +7.8 pp | +2.4% |
| 3 years | +88.1% | +76.4% | +11.7 pp | +112.0% |
| 5 years | +3.2% | +63.7% | −60.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 765.4 m | 777.4 m | 823.1 m | 843.5 m | 929.0 m | 1.1 bn | 1.3 bn | 1.2 bn |
| Cost of revenue | 669.5 m | 673.4 m | 722.8 m | 728.8 m | 805.6 m | 943.2 m | 1.1 bn | 1.1 bn |
| Operating income | 38.5 m | 41.4 m | 38.0 m | 48.8 m | 60.6 m | 97.8 m | 133.7 m | 55.2 m |
| Depreciation & amortisation | 29.6 m | 30.0 m | 29.6 m | 32.0 m | 30.9 m | 30.4 m | 29.6 m | 27.9 m |
| Interest expense | 10.4 m | 11.2 m | 12.5 m | 12.4 m | 14.0 m | 14.4 m | 14.5 m | 14.2 m |
| Pre-tax income | 28.5 m | 28.8 m | 29.9 m | 47.8 m | 43.5 m | 82.4 m | 126.3 m | 40.2 m |
| Income tax | 8.7 m | 7.2 m | 6.7 m | 8.3 m | 15.3 m | 19.9 m | 29.5 m | 9.2 m |
| Net income | 19.8 m | 21.6 m | 23.2 m | 39.5 m | 28.2 m | 62.5 m | 96.8 m | 31.0 m |
| Diluted EPS | 1.21 ≈ | 1.31 | 1.41 | 2.38 | 1.66 ≈ | 3.71 | 5.72 | 1.84 |
| Operating cash flow | 43.4 m | 57.0 m | 15.9 m ≈ | 59.1 m ≈ | -20.6 m | 87.9 m | 59.5 m ≈ | 100.7 m ≈ |
| Capex | 56.0 m | 38.2 m | 43.6 m ≈ | 24.6 m ≈ | 30.5 m | 19.4 m | 24.4 m ≈ | 28.4 m ≈ |
| Dividends paid | 12.7 m | 12.9 m | 12.8 m ≈ | 12.8 m ≈ | 12.8 m | 13.6 m | 12.8 m ≈ | 12.8 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 32-quarter history (min 11.2, median 18.2, max 424.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6 bn | 1.5 bn | 1.2 bn | 2.6 bn | 3.4 bn | 3.1 bn | 3.0 bn | 3.4 bn |
| Revenue YoY | +13.5% | −4.5% | −22.5% | +123.6% | +30.7% | −9.9% | −2.0% | +11.5% |
| Net income | 91.7 m | 62.0 m | 28.8 m | -18.5 m | -29.6 m | 67.8 m | 65.7 m | 112.5 m |
| Net income YoY | +102.0% | −32.4% | −53.5% | −164.2% | unavailable | unavailable | −3.1% | +71.2% |
| Diluted EPS | 5.43 | 3.83 | 1.81 | -1.17 | -1.86 | 4.21 | 4.02 | 6.77 |
| Diluted EPS YoY | +106.5% | −29.5% | −52.7% | −164.6% | unavailable | unavailable | −4.5% | +68.4% |
| net % | 5.8% | 4.1% | 2.5% | -0.7% | -0.9% | 2.2% | 2.2% | 3.3% |
| Free cash flow | 76.1 m | 172.1 m | 155.0 m | 21.4 m | -205.6 m | 68.7 m | -13.7 m | -25.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 7.0 m USD
- Financial debt
- 1.1 bn USD
- Net debt
- 1.1 bn USD
- Equity
- 826.1 m USD
- Total assets
- 2.6 bn USD
- Debt / equity
- 1.28x
- Current ratio
- 2.95x
- ROE
- 14.3%
- ROA
- 4.5%
- FCF margin
- -0.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 2.6 bn | 3.4 bn | 3.1 bn | 3.0 bn | 3.4 bn | SEC (XBRL)· 19 Feb 2026verified |
| Cost of revenue | 941.3 m | 2.3 bn | 3.2 bn | 2.7 bn | 2.7 bn | 2.9 bn | SEC (XBRL)· 19 Feb 2026verified |
| Gross profit | 231.4 m ≈ | 273.9 m ≈ | 247.7 m ≈ | 358.8 m ≈ | 357.4 m ≈ | 442.4 m ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Research & development | 9.1 m | 9.3 m | 9.3 m | 11.1 m | 12.0 m | 10.7 m | SEC (XBRL)· 19 Feb 2026verified |
| Operating income | 81.1 m | 64.4 m | 4.0 m | 122.5 m | 112.2 m | 188.8 m | SEC (XBRL)· 19 Feb 2026verified |
| Depreciation & amortisation | 52.2 m | 91.5 m | 106.9 m | 108.6 m | 116.4 m | 122.5 m | SEC (XBRL)· 19 Feb 2026verified |
| EBITDA | 133.3 m ≈ | 155.9 m ≈ | 110.9 m ≈ | 231.1 m ≈ | 228.6 m ≈ | 311.3 m ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Interest expense | 40.9 m | 49.5 m | 48.3 m | 46.9 m | 43.7 m | 50.1 m | SEC (XBRL)· 19 Feb 2026verified |
| Pre-tax income | 38.8 m | -24.0 m | -37.9 m | 83.0 m | 88.0 m | 150.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Income tax | 10.0 m | -5.5 m | -8.3 m | 15.2 m | 22.3 m | 37.5 m | SEC (XBRL)· 19 Feb 2026verified |
| Net income | 28.8 m | -18.5 m | -29.6 m | 67.8 m | 65.7 m | 112.5 m | SEC (XBRL)· 19 Feb 2026verified |
| Diluted EPS | 1.81 | -1.17 | -1.86 | 4.21 | 4.02 | 6.77 | SEC (XBRL)· 19 Feb 2026verified |
| Weighted average diluted shares | 15.9 m | 15.8 m | 15.9 m | 16.1 m | 16.3 m | 16.6 m | SEC (XBRL)· 19 Feb 2026verified |
| Dividend per share | 2.68 | 2.88 | 3.08 | 3.08 | 3.08 | 3.08 | SEC (XBRL)· 19 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 780.3 m | 303.2 m | 57.4 m | 82.4 m | 18.4 m | 7.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Receivables | 112.8 m | 332.7 m | 297.2 m | 325.2 m | 319.7 m | 423.3 m | SEC (XBRL)· 23 Apr 2026verified |
| Inventories | 152.0 m | 404.6 m | 525.4 m | 550.7 m | 601.9 m | 725.2 m | SEC (XBRL)· 19 Feb 2026verified |
| Current assets | 1.1 bn | 1.2 bn | 1.0 bn | 990.2 m | 1.1 bn | 1.3 bn | SEC (XBRL)· 19 Feb 2026verified |
| Property, plant & equipment, net | 627.2 m | 955.2 m | 1.0 bn | 1.1 bn | 1.2 bn | 1.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Goodwill | 18.8 m | 39.3 m | 18.8 m | 18.8 m | 18.8 m | 18.8 m | SEC (XBRL)· 19 Feb 2026verified |
| Intangibles (excl. goodwill) | 26.7 m | 67.7 m | 55.3 m | 50.0 m | 45.5 m | 41.0 m | SEC (XBRL)· 19 Feb 2026verified |
| Total assets | 1.9 bn | 2.4 bn | 2.3 bn | 2.3 bn | 2.4 bn | 2.6 bn | SEC (XBRL)· 19 Feb 2026verified |
| Accounts payable | 86.1 m | 351.4 m | 305.1 m | 252.7 m | 266.9 m | 274.6 m | SEC (XBRL)· 19 Feb 2026verified |
| Long-term debt | 838.1 m | 1.0 bn | 1.0 bn | 1.0 bn | 1.0 bn | 1.1 bn | SEC (XBRL)· 19 Feb 2026verified |
| Current liabilities | 158.3 m | 456.7 m | 418.7 m | 370.0 m | 400.5 m | 427.2 m | SEC (XBRL)· 19 Feb 2026verified |
| Total liabilities | 1.1 bn | 1.7 bn | 1.7 bn | 1.6 bn | 1.7 bn | 1.7 bn | SEC (XBRL)· 19 Feb 2026verified |
| Equity | 732.4 m † | 692.5 m † | 631.2 m † | 708.4 m † | 743.1 m † | 826.1 m † | SEC (XBRL)· 19 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 206.9 m | 79.4 m | -63.1 m | 211.9 m | 167.1 m | 111.4 m | SEC (XBRL)· 19 Feb 2026verified |
| Capex | 51.9 m | 58.0 m | 142.5 m | 143.2 m | 180.8 m | 136.9 m | SEC (XBRL)· 19 Feb 2026verified |
| Free cash flow | 155.0 m ≈ | 21.4 m ≈ | -205.6 m ≈ | 68.7 m ≈ | -13.7 m ≈ | -25.5 m ≈ | SEC (XBRL)· 19 Feb 2026derived |
| Investing cash flow | 26.9 m | -665.8 m | -125.8 m | -128.2 m | -174.6 m | -77.8 m | SEC (XBRL)· 19 Feb 2026verified |
| Financing cash flow | 281.9 m | 109.1 m | -56.8 m | -54.3 m | -55.3 m | -44.6 m | SEC (XBRL)· 19 Feb 2026verified |
| Dividends paid | 43.4 m | 46.7 m | 50.1 m | 50.4 m | 50.7 m | 51.3 m | SEC (XBRL)· 19 Feb 2026verified |
| Share repurchases | 12.5 m | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 51 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.8 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation73
- Returns65
- Quality37
- Balance sheet51
- Growth0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 79.51 – 510.03 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)95.68 – 214.30 (Mid 137.43)WACC 7.5% · starting FCFF 167.5 m USD · terminal value share of EV 78%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -6.6%
- Peers: EV/EBITDA79.51 – 361.63 (Mid 206.65)5 companies used · median multiple 9.2x · quartiles 4.8x – 14.7xAPWC, BDC, HWM, MLI, NX
- Peers: P/E159.70 – 510.03 (Mid 300.21)8 companies used · median multiple 23.2x · quartiles 12.3x – 39.4xAPWC, BDC, GLW, HWM, MLI, NX, OCC, TG
- Dividend discount (DDM)outside the aggregate40.47 – 54.43 (Mid 46.43)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 51/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 13.9% | 33 (vs peers) | 11% |
| Net margin · Quality | 4.8% | 43 (vs peers) | 7% |
| FCF conversion · Quality | 57.1% | 39 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | -0.5% | 0 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 2.0x | 20 (vs peers) | 11% |
| Interest coverage · Balance sheet | 6.1x | 70 (on a fixed band) | 7% |
| Current ratio · Balance sheet | 2.6x | 100 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 8.6x | 75 (vs peers) | 11% |
| EV/EBITDA · Valuation | 5.9x | 60 (vs peers) | 11% |
| FCF yield · Valuation | 6.9% | 86 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 2.9% | 41 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | 41.7% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet51/100 · 3/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality37/100 · 3/3 factors with a value
- Returns65/100 · 2/2 factors with a value
- Valuation73/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KAISER ALUMINUM CORPORATION (KALU). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 3.4 bn USD in 2025; YoY growth 11.5%; net margin 4.8%; ROE 24.5%; net debt/EBITDA 2.0x.
The estimated value range is 95.68–361.63 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 206.65 USD, the price of 110.74 USD leaves a potential of 86.6% (value / price − 1) and a margin of safety of 46.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 51/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Interest coverage: 6.1x
- Current ratio: 2.6x
- P/E (TTM): 8.6x
- FCF yield: 6.9%
- Payout ratio (FCF): 41.7%
What contradicts it
- Revenue CAGR 3Y: -0.5%
- Net debt / EBITDA: 2.0x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y.
Versus the vertical median
Primary metal industries (SIC 335x) · same industry group (3-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| GLWCorning Inc | 102.3 bn | 48.1 | 17.1% | 12.1% | +19.1% | +41% / +317% |
| HWMHowmet Aerospace Inc. | 84.9 bn | 41.8 | 37.7% | 21.1% | +11.1% | +4% / +306% |
| MLIMueller Industries, Inc | 12.0 bn | 13.9 | 26.2% | 17.3% | +10.9% | +0% / +166% |
| BDCBelden Inc. | 4.1 bn | 23.6 | 13.4% | 5.6% | +10.3% | −7% / +58% |
| KALUKaiser Aluminum Corporation | 1.8 bn | 8.6 | 24.5% | 4.8% | +11.5% | +21% / +88% |
| NXQuanex Building Products Corporation | 1.0 bn | 22.8 | 6.2% | 2.4% | +43.8% | +74% / −27% |
| TGTredegar Corporation | 254.4 m | 7.6 | 15.8% | — | +16.1% | −7% / +55% |
| OCCOptical Cable Corporation | 99.1 m | 38.6 | 15.6% | 3.1% | +9.5% | +38% / +329% |
| APWCAsia Pacific Wire & Cable Corporation Limited | 23.1 m | 6.6 | 2.2% | 0.7% | +11.0% | −34% / −17% |
1- and 3-year price returns: for KALU from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 64.21 Total return -40% · Per year -40% | 113.81 Total return 6% · Per year 6% | 171.83 Total return 59% · Per year 59% |
| 3 years | 56.17 Total return -43% · Per year -17% | 112.59 Total return 10% · Per year 3% | 187.51 Total return 80% · Per year 22% |
| 5 years | 49.13 Total return -46% · Per year -12% | 111.39 Total return 15% · Per year 3% | 204.62 Total return 104% · Per year 15% |
- Exit P/E± 28.15
- Net margin± 19.70
- Annual revenue growth± 16.99
- Annual dilution± 1.66
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Kaiser Aluminum makes specialty semi-fabricated aluminum products for aerospace, beverage and food packaging, general engineering and automotive extrusion customers. In fiscal 2025 the company reported net sales of 3.37 billion USD, and in the third quarter of 2026 it reported Adjusted EBITDA of 84 million USD as its balance sheet improved 13.
SWOT
Strengths
- The company holds leading positions in niches with demanding technical requirements, and its customers are largely blue-chip firms 1.
- KaiserSelect® products and the coating capacity at Warrick support differentiation and better margins 1.
- The balance sheet improved in 2026, with liquidity and credit rating rising 3.
Weaknesses
- Reliance on a small group of large customers could expose the company to major revenue losses 1.
- The company cannot always pass through fluctuations in energy and certain raw material costs to customers 1.
- Production efficiency has been hit by planned outages and new line start-up costs in fiscal 2025 and 2026 13.
Opportunities
Risks
- Customer concentrationhigh
A small number of large customers account for a significant part of sales, and losing one could materially affect results 1.
- Aerospace cyclicalityhigh
Downturns in the aerospace industry could reduce orders and deliveries of aircraft products 1.
- Unrecovered costsmedium
Energy, certain raw materials and freight cannot always be passed through to customers, and pricing pressure may increase 1.
- International competitionmedium
Producers in other countries may have lower costs, and tariffs may not be fully effective in offsetting them 1.
- Environmental and fuel policylow
Changes in emissions and fuel efficiency rules could alter demand for the company's products 1.
Investment thesis
What would need to be true (bull case)
- If conversion revenue and margins keep improving, results could support sustained growth 3.
- A stronger balance sheet and a better credit rating could give flexibility for investment and dividends 3.
- Customers appear to be seeking longer-term supply and added capacity, which could support growth plans 3.
What would break the thesis
What to watch
- Trend in conversion revenue and Adjusted EBITDA marginQ4 2026
- Evolution of metal price lag and its effect on results2027
- 2027 guidance and capacity plansnext 10-K
- CEO transition and the strategy of incoming leadership2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Kaiser Aluminum Corporation, a Delaware corporation, manufactures and sells semi-fabricated aluminum mill products including flat-rolled plate, sheet and coil, extruded and drawn products, and certain cast aluminum products 1. The company focuses on end markets with demanding applications and high barriers to entry, where it aims to earn premium pricing and long-term profitable growth 1. Recent investments, such as the fourth coating line at Warrick and the Trentwood modernization, aim to increase capacity, cost efficiency and KaiserSelect® product quality 1.
Segments
Packaging
Packaging products are bare and coated aluminum coil sold mainly to North American beverage and food can makers under long-term agreements 1. It was the largest segment in fiscal 2025 with net sales of 1489.6 million USD, and in the third quarter of 2026 the shift toward higher value coated products continued to support margins 13.
Market context
Competitive position
Primary competitors in the global aerospace market are Arconic Corporation, Constellium N.V. and Novelis Inc., while in packaging Tri-Arrows Aluminum, Inc. also competes 1. For GE Products and automotive extrusions, the main rivals are Arconic Corporation and Norsk Hydro ASA, and some competitors are larger with greater financial resources 1.
- Arconic Corporation
Main competitor across aerospace, packaging, GE Products and automotive extrusions, as named in the company's filings.
- Constellium N.V.
Competitor in aerospace products and in packaging in North America.
- Novelis Inc.
Competitor in aerospace products and in packaging.
- Norsk Hydro ASA
Competitor for GE Products and automotive extrusions in North America.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- VIDEO Când vine o criză, fiecare face un fel de down-trading. Michael Kaiser – Country Lead Sezamo: De la începutul anului, coșul mediu de cumpărături Sezamo nu a mai crescut - Conferința Profit E-commerceProfit.ro · 28 Sept 2026 · RO
- Michael Kaiser, Country Lead Sezamo, vine la Conferința Profit E-commerce - Ediția a VII-aProfit.ro · 22 Sept 2026 · RO
- Kaiser Aluminum (KALU) Stays Ahead Even If Middle East Capacity Returns FasterYahoo Finance — News · 01 Sept 2026 · EN
- Kaiser Aluminum Has Pulled Back. UBS Sees an Attractive Entry PointYahoo Finance — News · 01 Sept 2026 · EN
- Building AI Infrastructure: Alpha Compute CEO Brittany Kaiser, Live at NasdaqYahoo Finance — News · 31 Aug 2026 · EN
- Kaiser nurses say AI, workplace surveillance are making their jobs, care worseHacker News · 17 Jul 2026 · EN
- Citi’s Kaiser Sees Capital Demand Pressuring MarketsBloomberg Markets · 12 Jun 2026 · EN
- The Kaiser and a "Mediocre Man" Theory of HistoryHacker News · 30 May 2026 · EN
The latest news item in our archive is from 28 Sept 2026; the newest SEC filing is from 22 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report22 Oct 2026
- Current report21 Oct 2026Results of operations · Financial statements and exhibits
- Current report13 Oct 2026Other events · Financial statements and exhibits
- Current report17 Aug 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report23 Jul 2026
- Current report22 Jul 2026Results of operations · Financial statements and exhibits
- Current report13 Jul 2026Other events · Financial statements and exhibits
- Current report04 Jun 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Proxy statement28 Apr 2026
- Quarterly report23 Apr 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Kaiser Aluminum Corporation · 19 Feb 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / Kaiser Aluminum Corporation · 22 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Kaiser Aluminum Corporation · 21 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.