KALU Kaiser Aluminum Corporation - Common Stock

NASDAQ · Metals & Mining · View on SEC EDGAR ↗
$162.14
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026

About Kaiser Aluminum Corporation - Common Stock Company overview from Wikipedia

Kaiser Aluminum Corporation is an American aluminum producer. It is a spinoff from Kaiser Aluminum and Chemicals Corporation, which came to be when common stock was offered in Permanente Metals Corporation and Permanente Metals Corporation's name was changed to Kaiser Aluminum and Chemicals Corporation.

Read more

Kaiser Aluminum Corporation is an American aluminum producer. It is a spinoff from Kaiser Aluminum and Chemicals Corporation, which came to be when common stock was offered in Permanente Metals Corporation and Permanente Metals Corporation's name was changed to Kaiser Aluminum and Chemicals Corporation.

History

Founded in 1946, Henry J. Kaiser's corporation entered the aluminum business by leasing, then purchasing three government-owned aluminum facilities in Washington state. These were the primary reduction plants at Mead and Tacoma, the rolling mill at Trentwood and also an alumina refinery at Baton Rouge, Louisiana. Kaiser benefited at that early juncture from some preferential treatment, the government found it more important to establish a third competitor in the aluminum industry besides Alcoa and Reynolds than to accept the highest bid (by Reynolds). Both Reynolds and Kaiser were also helped by the fact that the government had just gained royalty-free patent rights from Alcoa for an alumina production process in January 1946 (presumably as a result of United States v. Alcoa) and that leasees of government plants were allowed to benefit from the arrangement.

In the early 1950s, Kaiser Aluminum grew to be a vertically integrated aluminum producer (minus their own steamship company) with own mines on Jamaica, a refinery at Baton Rouge and smelters and finishing plants in various regional markets, drawing from more war surplus plants (at Newark, Ohio and Halethorpe, Maryland) as well as starting entirely new and fairly large plants (at Chalmette, Louisiana and at Ravenswood, West Virginia). This growth was also stimulated by significant demand created by the military, both for new production, but also for the establishment of the strategic stockpile following the exhaustion caused by the recent war and the next one in Korea.

Kaiser Aluminum previously owned a subsidiary that developed real estate, including in Rancho California, California; Oregon, Washington, and Arizona. In 1986, Kaiser Aluminum sold the bulk of the $450 million real estate holdings to an investor group led by Peter B. Bedford.

In 1988, Charles Hurwitz and his company Maxxam, Inc. purchased KaiserTech Ltd, the Oakland-based parent of Kaiser Aluminum and Chemical Company. Kaiser Aluminum filed for bankruptcy in 2002, due to labor disputes, the West Coast energy crisis, and asbestos liabilities. The steel workers union was suspicious of Hurwitz on the collapse of the Kaiser Aluminum Corporation and closely watched his 1995 FDIC lawsuit because Hurwitz has a history of loss-plagued businesses.

The company emerged from bankruptcy four years later. In March 2006, Kaiser Aluminum determined to restate its financial statements for the quarters ended March 31, 2005; June 30, 2005; and September 30, 2005, to adjust its VEBA-related payments and derivative financial instrument transactions.

The company previously owned a stake in Anglesey Aluminium, a joint venture with Rio Tinto Group. The smelter at this facility was closed in 2009, and the entire facility was fully closed in 2013.

In April 2021, Kaiser Aluminum completed acquisition of Alcoa Warrick, LLC, renaming it Kaiser Warrick, LLC. Kaiser entered into a long term ground lease with Alcoa; Alcoa retains its on site four unit coal fired generating station, smelting assets, and land assets with the remainder of the facility to be operated by Kaiser. Presently, Kaiser Aluminum Warrick operates a cast house, hot mill, cold mills, finishing mills/coating lines, and slitter lines, producing flat rolled aluminum sheet for the food and beverage container market. In July 2021, Kaiser Aluminum announced plans to construct an additional roll coating line at Kaiser Aluminum Warrick, at a cost of approximately $150 Million dollars. Construction of this line is expected to begin by the first half of 2022, and achieve initial operational capability by 2024.

About

Kaiser Aluminum is headquartered in Franklin, Tennessee. In 2020, it recorded revenues of roughly US$1.173 billion. Kaiser currently owns 13 fabricating plants that can produce more than 400,000,000 pounds (180,000 long tons) of aluminum annually. The North American plants produce approximately 500,000,000 pounds (220,000 long tons) per year of value-added sheet, can sheet, plate, extrusions, forgings, rod, bar, and tube. With the acquisition of the former Alcoa Warrick, LLC (now Kaiser Warrick, LLC), Kaiser Aluminum now employs approximately 3,700 persons.

Facilities

Historical

In February 1946 Kaiser was awarded the right to lease the smelter at Mead (1946-2004) (47°45′58″N 117°21′18″W).

The rolling mill at Trentwood (1946–) (47°41′59″N 117°12′39″W) was leased beginning February 1946. Production began to ramp up in July 1946, followed shortly by the commencement of operations in Mead.

The alumina refinery at Baton Rouge (1946–1985) (30.45996°N 91.18505°W / 30.45996; -91.18505 (Baton Rouge alumina plant)) began life as Plancor 226-AO. a Bayer process plant on 318 acres with a capacity of 500,000 tons of alumina per year, built at a cost of $25,683,385. The plant was closed and put on standby in July 1944. It began to produce again in December 1946, when since April under 5-year lease by Kaiser, at a time when Kaiser share at the Mead smelter reached 4 potlines. B. Rouge replaced the previous utilization of stockpiled alumina at Mead, but only enough soda ash was allotted by the government to run Baton Rouge at 85% of the Mead requirements at the beginning. Together with the almost finished Chalmette plant, its capacity was decided to be increased in November 1951, to 800,000 tons per year.

The war surplus smelter at Tacoma (1947–) (47°14′29″N 122°27′34″W) was bought outright by Kaiser for $3,000,000 in December 1946 with another $1,000,000 estimated to be needed to make it a viable operation. During the war the $6,309,240 and 41,500,000 pounds per year reduction plant was operated as by the Olin Industries, Inc.. Plancor 245 was a 100-acre facility with 233,000sqft under roof including 2 pot room buildings with a total of 240 Soderberg pots, the only one of the DPC plants making use of the process, and the one with the poorest wartime performance record. Power provided by the Bonneville Power Administration.

Soda ash plant at Owens Lake (1947–1950) (36.4332°N 117.9509°W / 36.4332; -117.9509 (Owens lake soda ash plant)). In the spring of 1947 Kaiser entered into 20-year lease with the state of California to extract approximately 500,000 tons of brine per year from Owens Lake, to be converted to 100,000 tons of soda ash. This plant was rapidly constructed and produced at 100 tons a day by April, filling a critical bottleneck. The plant was closed in 1950, after the supply situation had been dealt with.

In 1948 the war surplus rod mill later to become the rod and wire mill at Newark (1948–) (precisely at 40.01541°N 82.46577°W / 40.01541; -82.46577 (Newark rod and wire mill)) was purchased by Kaiser Aluminum. Built as Plancor 936, a bar and rod mill of 300,000,000 pounds/year capacity costing $23,198,000, operated during wartime beginning May 1943 by Alcoa. Ingots 486m pounds/year, blooming 348m, 180m pounds of blooms usable for production of 150m pounds of rods and bars. In January 1947 was leased by the Reynolds Metals Company., but in September 1947 again offered for purchase or lease by the government. The equipment that was in 1954 still in operation from those early days of wartime production were remelt furnaces, one 38-inch 2-high blooming mill and one 22-inch 3-high finishing mill. New equipment was installed at a cost of $9,000,000 and surveyed thusly in 1954: one 10-inch finishing mill, wire drawing machines, stranding bays, continuous vulcanizing machines and plastic tuber, banbury mixer, rubber mills, triplers and quadruplers and finally electrical conductor test equipment. The wire mill trains started out with 12 feet long and 6 inches square ingots, cut down to pieces of 70-inch length and then rolled on the 10-inch mill into a 3/8-inch rod nearly 1/2 mile long in 55 seconds, in total 235,000 pounds per shift. Rods and bars were either sold, or rods were used to make wires up to 0.0056 inches thin. The wire train started with nine 8 and 10-die tandem drawing machines, followed if desired by one 13-die machine, followed if desired by one of twenty up-to-16-dies machines for the finest wire. Intermediate anneals as necessary. Wires could then be stranded around aluminum and steel cores or coated with insulation. Wire production capacity of 18,000,000 pounds / year.

Construction of a 100,000 tons/year smelter at Chalmette (1951–1983), on the banks of the Mississippi River (precisely at 29.9376°N 89.98117°W / 29.9376; -89.98117 (Chalmette smelter)) was announced November 1950. Shortly before the plant started production at the end of 1951, doubling of the capacity was decided, primarily first for military stockpiling amidst the Korean War. As a consequence this incurred an increase by 60 percent of the Baton Rouge refinery, together with matching increase of bauxite mining in Jamaica. Construction at Chalmette started February 20, 1951, production commenced on December 11 with completion of the first potline. Eight potlines were expected to produce 400,000,000 pounds per year when completed mid-1953. This would then bring Kaiser aluminum production to 790,000,000 pounds per year or 28 percent nationwide. Total spending on Chalmette was $45,000,000. The plant had 16 pot-room buildings, two for each pot line, each room with 72 Soderberg-type pots of 40 pounds per hour capacity. Six of the lines were powered by 16 AC generators with rectifiers, two lines were powered by 80 1650 hp Nordberg radial gas engines each driving a DC generator. Fuel requirements amounted to 50 billion cuft of natural gas per year. Potline #2 went into production on March 5, 1951. A 9th potline was later added in the spring of 1958.

In March 1951, as part of a $78,000,000 expansion program that included paying of the total debt to the government of $37,394,250, Kaiser leased for 5 years the aluminum and magnesium extrusion plant at Halethorpe (1951–) (39°14′23″N 76°40′49″W). (recently 7th potline at Mead) The government had been trying to privatize the $7,000,000 war surplus facility since at least the spring of 1946. During the war, the plant was operated by the Revere Copper & Brass Co. The plant was with Kaiser Alu until at least 1961.

On February 11, 1953, first shipment of 10,000 tons from Port Kaiser (precisely at 17.86255°N 77.60492°W / 17.86255; -77.60492 (Port Kaiser), also called Little Pedro Point) was loaded onto the SS Evanthia (ex-George Bellows USMC hull 1947 EC2-S-C1, Greek flag, owned by P.J. Goulandris & Sons). The mine was 13 miles away from the port facilities, connected by a Kaiser-built railroad. Total capacity of the 19,000-acre mining claim on Jamaica was 2,000,000 tons of bauxite per year, estimated to last for at least 50 years. The $12,000,000 mining operation on Jamaica replaced the former source in South America. Differences in ore composition and increased capacity necessitated a $23,000,000 expansion and remodeling program at Baton Rouge, bringing the capacity there to 800,000 tons of alumina per year. Baton Rouge was the supply for all 3 (Mead, Tacoma, Chalmette) smelters. The overall expansion program to reach 800,000,000 pounds per year corporation-wide was approximately worth $200,000,000.

In October 1954, Kaiser leased the forging plant at Erie (42°7′46″N 80°5′6″W), formerly operated by Willys-Overland. Plancor 1395.

In August 1954, plans for the construction of a new plant (later to become an integrated mill at Ravenswood (1955–)) on the banks of the Ohio River (38.93264°N 81.82616°W / 38.93264; -81.82616 (Ravenswood integrated mill), precisely) were announced. Work was to begin in January 1955 on a 72 million pounds re-roll facility to be supplied by Trentwood. Immediately to follow was a program to upgrade the plant to become capable of all rolling and finishing steps and produce 250 million pounds of sheets and foil from supplies of aluminum pig out of the Chalmette plant near New Orleans. This was number 3 of Kaiser production plants in the east, after Newark (rod, bar, wire, electrical conductor) and Halethorpe (extrusions). In 1958 the plant included 4 potlines with a capacity of 145,000 tons per year and a new hot rolling mill began operation. Bauxite was delivered from Jamaica via Baton Rouge (for refining). The favorable near-market location at Ravenswood, and the shortening of the production chain by cutting out the Washington state plants, came at the price of no cheap source of power. A 40-year contract for 450,000kW of coal-generated electricity was made with the Ohio Power Company. The plant ran around-the-clock in the summer of 1958, additional cold-rolling capacity was planned with the goal of reaching a capacity of 175,000 tons per year. The capital investment in Ravenswood up to that point was approximately $200,000,000.

Not Aluminum

A fluorspar mine at Gabbs (-1957), closed in 1957 due to depletion.

A fluorspar mill at Fallon (-1957) placed on standby in 1957.

A magnesium plant at Manteca, California, probably never owned by Kaiser. Built as Plancor 707. An emergency reserve operation of inferior efficiency, the plant was shut down in June 1944 when no longer needed after being in operation for 18 to 20 months. The still government-owned plant was activated in January 1951 and operated by Kaiser Aluminum.

Production

A delivery contract for 186,000 tons of primary aluminum from Canada in the years 1953-1958 was announced on May 25, 1953. A similar contract with Alcoa called for 600,000 tons in the same period. Almost all was to be provided by Alcan, who was expecting to start production at Kitimat in the summer of 1954.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

KALU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$162.14
Market Cap
$2.65B
P/E (TTM)
24.1
EPS (TTM)
$6.77
Revenue (TTM)
$3.37B
Div Yield
1.9%
ROE
14.0%
Debt/Equity
1.3
52W Range
$73 – $200

KALU Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $3.37B
9-point trend, +141.4%
2017-12-31 2025-12-31
EPS $6.77
9-point trend, +157.4%
2017-12-31 2025-12-31
Free Cash Flow $-26M
9-point trend, -138.6%
2017-12-31 2025-12-31
Margins 3.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
KALU
Peer Median
P/E (TTM)
5-point trend, +121.1%
24.1
13.2
P/S (TTM)
5-point trend, -2.9%
0.8
0.9
P/B
5-point trend, +4.7%
3.2
2.0
EV / EBITDA
5-point trend, -34.4%
11.9
Price / FCF
5-point trend, -204.8%
-103.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
KALU
Peer Median
Operating Margin
5-point trend, +127.6%
5.6%
Net Profit Margin
5-point trend, +570.4%
3.3%
6.4%
ROA
5-point trend, +625.6%
4.5%
7.7%
ROE
5-point trend, +635.9%
14.0%
17.7%
ROIC
5-point trend, +161.7%
7.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
KALU
Peer Median
Debt / Equity
5-point trend, -14.3%
1.3
Current Ratio
5-point trend, +11.9%
3.0
2.0
Quick Ratio
5-point trend, -32.4%
0.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
KALU
Peer Median
Revenue YoY
5-point trend, +28.6%
11.5%
Revenue CAGR 3Y
5-point trend, +28.6%
-0.54%
Revenue CAGR 5Y
5-point trend, +28.6%
23.5%
EPS YoY
5-point trend, +678.6%
68.4%
Net Income YoY
5-point trend, +708.1%
71.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
KALU
Peer Median
EPS (Diluted)
5-point trend, +678.6%
$6.77

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
KALU
Peer Median
Payout Ratio
5-point trend, +118.1%
45.6%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.9%
Payout Ratio
45.6%
5Y Div CAGR
Ex-dateAmount
July 24, 2026$0.7700
April 24, 2026$0.7700
Jan. 23, 2026$0.7700
Oct. 24, 2025$0.7700
July 25, 2025$0.7700
April 25, 2025$0.7700
Jan. 24, 2025$0.7700
Oct. 25, 2024$0.7700
July 25, 2024$0.7700
April 24, 2024$0.7700
Jan. 24, 2024$0.7700
Oct. 24, 2023$0.7700
July 24, 2023$0.7700
April 24, 2023$0.7700
Jan. 24, 2023$0.7700
Oct. 24, 2022$0.7700
July 22, 2022$0.7700
April 22, 2022$0.7700
Jan. 21, 2022$0.7700
Oct. 22, 2021$0.7200

KALU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 9 analysts
  • Strong Buy 0 0.0%
  • Buy 1 11.1%
  • Hold 3 33.3%
  • Sell 3 33.3%
  • Strong Sell 2 22.2%

12-Month Price Target

4 analysts · 2026-08-19
Median target $174.00 +7.3%
Mean target $169.25 +4.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
1.1%
Period EPS Actual EPS Est Surprise
June 30, 2026 $5.53 $2.72 2.8%
March 31, 2026 $3.74 $1.90 1.8%
Dec. 31, 2025 $1.53 $1.59 -0.06%
Sept. 30, 2025 $1.86 $0.90 0.96%
June 30, 2025 $1.21 $0.78 0.43%
March 31, 2025 $1.44 $0.62 0.82%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
KALU $1.86B 17.0 11.5% 3.3% 14.0%
AA $13.98B 12.2 7.9% 9.0% 18.9%
CENX $3.88B 93.3 13.9% 1.7% 5.6% 10.1%
TG $249M 7.5 16.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Revenue 10-point trend, +142.3% $3.37B $3.02B $3.09B $3.43B $2.62B $1.17B $1.51B $1.59B · $1.33B $1.39B
Cost of Revenue 10-point trend, +162.7% $2.93B $2.67B $2.73B $3.18B $2.35B $941M $1.22B $1.30B · $1.00B $1.12B
R&D Expense 10-point trend, +12.6% $11M $12M $11M $9M $9M $9M $10M $10M · $10M $10M
Operating Expenses 10-point trend, +83.2% $3.18B $2.91B $2.96B $3.42B $2.56B $1.09B $1.39B $1.44B · $1.15B $1.74B
Operating Income 10-point trend, +154.6% $189M $112M $122M $4M $64M $81M $126M $144M · $181M $-346M
Interest Expense 8-point trend, +94.6% · · $47M $48M $50M $41M $25M $23M · $20M $24M
Interest Income 10-point trend, +100.0% $800.0K $4M $2M $1M $200.0K $600.0K $600.0K $300.0K · $100.0K $400.0K
Other Non-op 10-point trend, +727.8% $11M $20M $7M $6M $-39M $-1M $-21M $-900.0K · $-14M $-2M
Pretax Income 10-point trend, +140.3% $150M $88M $83M $-38M $-24M $39M $80M $120M · $147M $-372M
Income Tax 10-point trend, +127.7% $38M $22M $15M $-8M $-6M $10M $18M $28M · $56M $-135M
Net Income 10-point trend, +147.5% $112M $66M $68M $-30M $-18M $29M $62M $92M · $92M $-237M
EPS (Basic) 10-point trend, +150.6% $6.96 $4.08 $4.25 $-1.86 $-1.17 $1.82 $3.88 $5.53 · $5.15 $-13.76
EPS (Diluted) 10-point trend, +149.2% $6.77 $4.02 $4.21 $-1.86 $-1.17 $1.81 $3.83 $5.43 · $5.09 $-13.76
Shares (Basic) 10-point trend, -6.0% 16,169,000 16,069,000 15,991,000 15,906,000 15,836,000 15,802,000 15,997,000 16,585,000 · 17,813,000 17,201,000
Shares (Diluted) 10-point trend, -3.4% 16,622,000 16,319,000 16,131,000 15,906,000 15,836,000 15,913,000 16,203,000 16,874,000 · 18,033,000 17,201,000
EBITDA 10-point trend, +199.3% $311M $204M $204M $111M $156M $133M $175M $188M · $214M $-314M
Balance Sheet 28
Annual Balance Sheet data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Cash & Equivalents 10-point trend, -90.3% $7M $18M $82M $57M $303M $780M $264M $126M · $55M $72M
Short-term Investments 4-point trend, +162.3% · · · · · · $79M $37M · $231M $30M
Receivables 10-point trend, +262.7% $423M $320M $325M $297M $333M $113M $167M $180M · $138M $117M
Inventory 11-point trend, +230.2% $725M $602M $551M $525M $405M $152M $178M $215M $167M $202M $220M
Prepaid Expense 10-point trend, -24.9% $43M $39M $34M $30M $49M $29M $19M $19M · $18M $57M
Current Assets 11-point trend, +151.5% $1.26B $1.07B $990M $1.04B $1.21B $1.12B $780M $657M $672M $656M $502M
PP&E (Net) 10-point trend, +131.2% $1.15B $1.16B $1.05B $1.01B $955M $627M $622M $612M · $531M $495M
PP&E (Gross) 10-point trend, +188.2% $1.99B $1.93B $1.72B $1.59B $1.43B $1.02B $973M $918M · $761M $692M
Accum. Depreciation 10-point trend, +331.2% $849M $768M $664M $575M $480M $398M $352M $307M · $231M $197M
Goodwill 10-point trend, -49.5% $19M $19M $19M $19M $39M $19M $19M $44M · $37M $37M
Intangibles 10-point trend, +34.4% $41M $46M $50M $55M $68M $27M $30M $32M · $26M $30M
Other Non-current Assets 10-point trend, +286.2% $76M $79M $118M $112M $105M $44M $38M $39M · $33M $20M
Total Assets 11-point trend, +105.7% $2.56B $2.41B $2.27B $2.29B $2.42B $1.86B $1.53B $1.42B $1.40B $1.44B $1.25B
Accounts Payable 10-point trend, +258.0% $275M $267M $253M $305M $351M $86M $92M $121M · $76M $77M
Current Liabilities 11-point trend, +152.3% $427M $400M $370M $419M $457M $158M $170M $206M $175M $165M $169M
Capital Leases 10-point trend, +21600.0% $22M $25M $29M $35M $41M $26M $25M $0 · $200.0K $100.0K
Deferred Tax 10-point trend, +3490.5% $75M $44M $29M $5M $10M $14M $4M $4M · $3M $2M
Other Non-current Liabilities 10-point trend, -7.0% $81M $84M $82M $75M $72M $77M $67M $66M · $73M $88M
Total Liabilities 11-point trend, +268.0% $1.74B $1.67B $1.62B $1.66B $1.73B $1.13B $792M $679M $640M $639M $472M
Long-term Debt · · · · · · · · · · $195M
Total Debt 10-point trend, +435.7% $1.06B $1.04B $1.04B $1.04B $1.04B $838M $493M $370M · $369M $198M
Common Stock Flat — no change across 10 periods $200.0K $200.0K $200.0K $200.0K $200.0K $200.0K $200.0K $200.0K · $200.0K $200.0K
Retained Earnings 11-point trend, +796.2% $142M $81M $66M $13M $93M $158M $173M $150M $96M $75M $16M
Treasury Stock 10-point trend, +93.1% $476M $476M $476M $476M $476M $476M $463M $420M · $281M $246M
AOCI 10-point trend, +184.5% $27M $20M $13M $3M $-4M $-19M $-39M $-49M · $-37M $-32M
Stockholders' Equity 11-point trend, +6.7% $826M $743M $708M $631M $692M $732M $734M $740M $756M $805M $774M
Liabilities + Equity 11-point trend, +105.7% $2.56B $2.41B $2.27B $2.29B $2.42B $1.86B $1.53B $1.42B $1.40B $1.44B $1.25B
Shares Outstanding 10-point trend, -10.2% 16,210,443 16,095,898 16,015,791 15,940,756 15,865,118 15,812,169 15,868,304 16,234,603 · 17,651,461 18,053,747
Cash Flow 17
Annual Cash Flow data for KALU
Metric Trend 20252024202320222021202020192018201720162015
D&A 10-point trend, +278.1% $122M $116M $109M $107M $92M $52M $49M $44M · $36M $32M
Stock-based Comp 10-point trend, +94.7% $18M $14M $16M $14M $13M $10M $10M $10M · $12M $10M
Deferred Tax 10-point trend, +137.5% $35M $15M $17M $-10M $-7M $21M $24M $36M · $54M $-94M
Amort. of Intangibles 10-point trend, +181.2% $4M $4M $5M $9M $9M $3M $3M $2M · $2M $2M
Restructuring 5-point trend, -74.7% $2M $8M $5M $2M · $8M · · · · ·
Other Non-cash 10-point trend, -139.6% $-177M $-20M $30M $-145M $300.0K $95M $87M $-32M · $-29M $447M
Operating Cash Flow 10-point trend, -30.2% $111M $167M $212M $-63M $79M $207M $232M $150M · $166M $160M
CapEx 10-point trend, +117.0% $137M $181M $143M $142M $58M $52M $60M $74M · $76M $63M
Investing Cash Flow 10-point trend, -481.4% $-78M $-175M $-128M $-126M $-666M $27M $-102M $31M · $-276M $20M
Stock Repurchased 5-point trend, -74.6% · · · · · $12M $44M $61M · $33M $49M
Net Stock Activity 5-point trend, +74.6% · · · · · $-12M $-44M $-61M · $-33M $-49M
Dividends Paid 10-point trend, +82.6% $51M $51M $50M $50M $47M $43M $39M $38M · $32M $28M
Financing Cash Flow 10-point trend, +84.3% $-45M $-55M $-54M $-57M $109M $282M $8M $-106M · $95M $-284M
Net Change in Cash 10-point trend, +89.5% $-11M $-63M $29M $-246M $-477M $516M $139M $75M · $-17M $-105M
Taxes Paid 5-point trend, -64.8% $8M $4M $500.0K · · · $24M $22M · · ·
Free Cash Flow 10-point trend, -126.6% $-26M $-14M $69M $-206M $21M $155M $172M $76M · $88M $96M
Levered FCF 6-point trend, -63.4% · · $29M $-243M $-17M $125M · · · $76M $80M
Profitability 7
Annual Profitability data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Operating Margin 10-point trend, +122.5% 5.6% 2.9% 3.1% 0.12% 2.5% 6.9% 8.3% 9.0% · 13.4% -24.9%
Net Margin 10-point trend, +119.6% 3.3% 1.6% 1.5% -0.86% -0.71% 2.5% 4.1% 5.8% · 6.9% -17.0%
Pretax Margin 10-point trend, +116.7% 4.5% 2.1% 1.8% -1.1% -0.92% 3.3% 5.3% 7.6% · 11.1% -26.7%
EBITDA Margin 10-point trend, +141.0% 9.2% 6.8% 6.6% 3.2% 5.9% 11.4% 11.5% 11.8% · 16.1% -22.5%
ROA 10-point trend, +128.6% 4.5% 2.0% 2.1% -1.3% -0.86% 1.7% 4.2% 6.5% · 6.8% -15.8%
ROE 10-point trend, +153.1% 14.0% 6.7% 7.3% -4.7% -2.6% 4.0% 8.3% 12.2% · 11.6% -26.4%
ROIC 10-point trend, +133.2% 7.5% 3.8% 4.8% 0.19% 2.9% 3.8% 7.9% 9.9% · 9.4% -22.6%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Current Ratio 10-point trend, -0.3% 3.0 2.4 2.7 2.5 2.6 7.1 4.6 3.2 · 4.0 3.0
Quick Ratio 10-point trend, -27.3% 0.9 0.8 1.1 0.8 1.4 5.6 2.5 1.7 · 2.6 1.3
Debt / Equity 10-point trend, +402.2% 1.3 1.6 1.6 1.6 1.5 1.1 0.7 0.5 · 0.5 0.3
LT Debt / Equity 10-point trend, +402.2% 1.3 1.6 1.6 1.6 1.5 1.1 0.7 0.5 · 0.5 0.3
Interest Coverage 6-point trend, +114.2% · · 2.0 0.1 1.3 2.0 · · · 8.8 -14.4
Efficiency 3
Annual Efficiency data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Asset Turnover 10-point trend, +45.8% 1.4 1.3 1.4 1.5 1.2 0.7 1.0 1.1 · 1.0 0.9
Inventory Turnover 9-point trend, -14.0% 4.4 5.1 5.5 6.8 8.4 5.7 · 6.8 · 4.8 5.1
Receivables Turnover 10-point trend, -16.6% 9.4 9.4 9.9 10.9 11.8 8.4 8.7 9.2 · 10.5 11.3
Per Share 7
Annual Per Share data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Book Value / Share 10-point trend, +18.8% $50.96 $41.50 $40.72 $39.60 $43.65 $46.32 $46.25 $45.61 · $45.59 $42.89
Revenue / Share 10-point trend, +150.8% $202.92 $185.31 $191.37 $215.51 $165.57 $73.69 $93.45 $93.98 · $73.79 $80.92
Cash Flow / Share 10-point trend, -27.4% $6.70 $10.24 $13.14 $-3.97 $5.01 $13.00 $14.34 $8.90 · $9.11 $9.23
Cash / Share 10-point trend, -89.2% $0.43 $1.14 $5.14 $3.60 $19.11 $49.35 $16.66 $7.74 · $3.13 $4.02
Dividend / Share 10-point trend, +92.5% $3 $3 $3 $3 $3 $3 $2 $2 · $2 $2
Dividend Paid / Share 3-point trend, +37.5% · · · · · · · $2 · $2 $2
EPS (TTM) 10-point trend, +149.2% $6.77 $4.02 $4.21 $-1.86 $-1.17 $1.81 $3.83 $5.43 · $5.09 $-13.76
Growth Rates 10
Annual Growth Rates data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Revenue YoY 5-point trend, -90.7% 11.5% -2.0% -9.9% 30.7% 123.6% · · · · · ·
Revenue CAGR 3Y 3-point trend, -101.4% -0.54% 4.9% 38.1% · · · · · · · ·
Revenue CAGR 5Y 23.5% · · · · · · · · · ·
EPS YoY 2-point trend, +1616.9% 68.4% -4.5% · · · · · · · · ·
EPS CAGR 3Y · · 32.5% · · · · · · · ·
EPS CAGR 5Y 30.2% · · · · · · · · · ·
Net Income YoY 2-point trend, +2397.7% 71.2% -3.1% · · · · · · · · ·
Net Income CAGR 3Y · · 33.0% · · · · · · · ·
Net Income CAGR 5Y 31.3% · · · · · · · · · ·
Dividend CAGR 5Y 3.4% · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for KALU
Metric Trend 20252024202320222021202020192018201720162015
Revenue TTM 10-point trend, +142.3% $3.37B $3.02B $3.09B $3.43B $2.62B $1.17B $1.51B $1.59B · $1.33B $1.39B
Net Income TTM 10-point trend, +147.5% $112M $66M $68M $-30M $-18M $29M $62M $92M · $92M $-237M
Market Cap 10-point trend, +23.3% $1.86B $1.13B $1.14B $1.21B $1.49B $1.56B $1.76B $1.45B · $1.37B $1.51B
Enterprise Value 10-point trend, +81.5% $2.91B $2.15B $2.10B $2.19B $2.22B $1.62B $1.99B $1.66B · $1.45B $1.61B
P/E 10-point trend, +379.1% 17.0 17.5 16.9 -40.8 -80.3 54.6 29.0 16.4 · 15.3 -6.1
P/S 10-point trend, -49.1% 0.6 0.4 0.4 0.4 0.6 1.3 1.2 0.9 · 1.0 1.1
P/B 10-point trend, +15.6% 2.3 1.7 1.7 1.9 2.2 2.1 2.4 2.0 · 1.7 2.0
P / Tangible Book 6-point trend, +6.7% 2.4 1.7 1.8 2.2 2.5 2.3 · · · · ·
P / Cash Flow 10-point trend, +75.7% 16.7 6.8 5.4 -19.2 18.8 7.6 7.6 9.7 · 8.3 9.5
P / FCF 10-point trend, -562.6% -73.0 -82.6 16.6 -5.9 69.6 10.1 10.2 19.0 · 15.5 15.8
EV / EBITDA 10-point trend, +282.8% 9.4 10.6 10.3 19.8 14.3 12.2 11.4 8.8 · 6.8 -5.1
EV / FCF 10-point trend, -781.2% -114.3 -157.2 30.5 -10.7 103.9 10.5 11.6 21.8 · 16.5 16.8
EV / Revenue 10-point trend, -25.1% 0.9 0.7 0.7 0.6 0.8 1.4 1.3 1.0 · 1.1 1.2
Dividend Yield 10-point trend, +48.4% 2.8% 4.5% 4.4% 4.1% 3.1% 2.8% 2.2% 2.6% · 2.4% 1.9%
Earnings Yield 10-point trend, +135.8% 5.9% 5.7% 5.9% -2.5% -1.2% 1.8% 3.5% 6.1% · 6.6% -16.4%
Payout Ratio 10-point trend, +483.8% 45.6% 108.3% 106.8% -169.3% -252.4% 150.7% 63.5% 41.1% · 35.3% -11.9%
Annual Payout 10-point trend, +82.6% $51M $51M $50M $50M $47M $43M $39M $38M · $32M $28M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $3.37B$3.02B$3.09B$3.43B$2.62B
Operating Margin % 5.6%2.9%3.1%0.12%2.5%
Net Income $112M$66M$68M$-30M$-18M
Diluted EPS $6.77$4.02$4.21$-1.86$-1.17
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 1.31.61.61.61.5
Current Ratio 3.02.42.72.52.6
Quick Ratio 0.90.81.10.81.4
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-26M$-14M$69M$-206M$21M

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals

📊

Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Institutional owners (13F) 353 filers · $2.3B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
82 (+29 vs prior Q) 25 (-6 vs prior Q) 102 (+11 vs prior Q) 107 (+12 vs prior Q) +2.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $276,458,447 1,413,170 12.17% Shares
STATE STREET CORP $257,734,935 1,317,519 11.35% Shares
VANGUARD GROUP INC $228,298,378 1,987,623 10.05% Shares
DIMENSIONAL FUND ADVISORS LP $143,498,322 733,519 6.32% Shares
VANGUARD CAPITAL MANAGEMENT LLC $138,341,906 707,161 6.09% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $132,908,000 679,387 5.85% Shares
AMERICAN CENTURY COMPANIES INC $86,062,187 439,923 3.79% Shares
GEODE CAPITAL MANAGEMENT, LLC $80,552,704 411,678 3.55% Shares
Fisher Asset Management, LLC $69,010,632 352,761 3.04% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $50,838,955 259,873 2.24% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $44,502,695 227,484 1.96% Shares
WESTFIELD CAPITAL MANAGEMENT CO LP $31,978,658 163,465 1.41% Shares
TWO SIGMA INVESTMENTS, LP $30,550,755 156,166 1.35% Shares
Bank of New York Mellon Corp $29,393,016 150,248 1.29% Shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC $29,057,315 148,532 1.28% Shares
ALGERT GLOBAL LLC $24,566,433 125,576 1.08% Shares
PANAGORA ASSET MANAGEMENT INC $24,437,121 124,915 1.08% Shares
VANGUARD FIDUCIARY TRUST CO $22,619,523 115,624 1.00% Shares
MACKENZIE FINANCIAL CORP $19,721,852 100,812 0.87% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $19,647,903 100,434 0.87% Shares
GOLDMAN SACHS GROUP INC $19,365,609 98,991 0.85% Shares
FIRST TRUST ADVISORS LP $17,844,390 91,215 0.79% Shares
WELLINGTON MANAGEMENT GROUP LLP $17,137,188 87,600 0.75% Shares
VICTORY CAPITAL MANAGEMENT INC $16,988,118 86,838 0.75% Shares
Trexquant Investment LP $15,896,698 81,259 0.70% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $15,030,253 76,830 0.66% Shares
Tributary Capital Management, LLC $14,815,256 75,731 0.65% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $12,554,751 64,176 0.55% Shares
BlackRock, Inc. $11,960,231 61,137 0.53% Shares
PRUDENTIAL FINANCIAL INC $11,498,153 58,775 0.51% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $11,404,446 58,296 0.50% Shares
Public Sector Pension Investment Board $10,875,463 55,592 0.48% Shares
Assenagon Asset Management S.A. $10,658,705 54,484 0.47% Shares
HENNESSY ADVISORS INC $10,642,272 54,400 0.47% Shares
Empowered Funds, LLC $10,348,827 52,900 0.46% Shares
NORGES BANK $9,096,795 46,500 0.40% Shares
BNP PARIBAS FINANCIAL MARKETS $8,869,277 45,337 0.39% Shares
NFJ INVESTMENT GROUP, LLC $8,831,716 45,145 0.39% Shares
BANK OF AMERICA CORP /DE/ $8,540,424 43,656 0.38% Shares
RHUMBLINE ADVISERS $8,485,231 43,374 0.37% Shares
ICON ADVISERS INC/CO $8,095,561 41,382 0.36% Shares
1492 Capital Management LLC $7,626,636 38,985 0.34% Shares
PDT Partners, LLC $7,548,970 38,588 0.33% Shares
ENVESTNET ASSET MANAGEMENT INC $7,387,151 37,761 0.33% Shares
XTX Topco Ltd $7,004,532 35,805 0.31% Shares
AMERIPRISE FINANCIAL INC $6,900,262 35,272 0.30% Shares
Swiss National Bank $6,357,975 32,500 0.28% Shares
THIRD AVENUE MANAGEMENT LLC $5,839,164 29,848 0.26% Shares
CREDIT AGRICOLE S A $5,379,825 27,500 0.24% Shares
FMR LLC $5,245,152 26,811 0.23% Shares
Legal & General Group Plc $4,861,210 24,849 0.21% Shares
Keeley-Teton Advisors, LLC $4,459,753 73,569 0.20% Shares
GREAT LAKES ADVISORS, LLC $4,238,520 21,666 0.19% Shares
MILLENNIUM MANAGEMENT LLC $4,230,694 21,626 0.19% Shares
CITADEL ADVISORS LLC $3,951,726 20,200 0.17% Call option
JANE STREET GROUP, LLC $3,853,911 19,700 0.17% Call option
RENAISSANCE TECHNOLOGIES LLC $3,834,348 19,600 0.17% Shares
Man Group plc $3,471,846 17,747 0.15% Shares
CITIGROUP INC $3,246,871 16,597 0.14% Shares
Nuveen, LLC $3,237,677 16,550 0.14% Shares
VANGUARD ASSET MANAGEMENT, Ltd $3,105,431 15,874 0.14% Shares
HSBC HOLDINGS PLC $3,008,900 15,505 0.13% Shares
Connor, Clark & Lunn Investment Management Ltd. $2,931,907 14,987 0.13% Shares
COOKSON PEIRCE & CO INC $2,900,215 14,825 0.13% Shares
PEAK6 LLC $2,817,072 14,400 0.12% Call option
Universal- Beteiligungs- und Servicegesellschaft mbH $2,785,184 14,237 0.12% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $2,777,946 14,200 0.12% Call option
JPMORGAN CHASE & CO $2,746,573 13,988 0.12% Shares
Oliver Luxxe Assets LLC $2,588,381 13,231 0.11% Shares
INTECH INVESTMENT MANAGEMENT LLC $2,530,865 12,937 0.11% Shares
LAZARD ASSET MANAGEMENT LLC $2,528,909 12,927 0.11% Shares
ALLIANCEBERNSTEIN L.P. $2,516,008 20,878 0.11% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $2,486,121 20,630 0.11% Shares
Advisors Asset Management, Inc. $2,476,104 35,237 0.11% Shares
NAVELLIER & ASSOCIATES INC $2,454,765 12,548 0.11% Shares
LPL Financial LLC $2,417,107 12,356 0.11% Shares
GABELLI FUNDS LLC $2,402,336 12,280 0.11% Shares
BANK OF MONTREAL /CAN/ $2,309,217 11,804 0.10% Shares
Engineers Gate Manager LP $2,021,445 10,333 0.09% Shares
UBS Group AG $2,008,338 10,266 0.09% Shares
Voleon Capital Management LP $1,982,710 10,135 0.09% Shares
180 WEALTH ADVISORS, LLC $1,889,172 9,657 0.08% Shares
MetLife Investment Management, LLC $1,884,895 9,635 0.08% Shares
VOYA INVESTMENT MANAGEMENT LLC $1,843,617 9,424 0.08% Shares
Orion Porfolio Solutions, LLC $1,779,556 9,097 0.08% Shares
DEPRINCE RACE & ZOLLO INC $1,776,559 14,742 0.08% Shares
GLOBEFLEX CAPITAL L P $1,741,694 8,903 0.08% Shares
Illinois Municipal Retirement Fund $1,736,803 8,878 0.08% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $1,728,782 8,837 0.08% Shares
Range Financial Group LLC $1,640,553 8,386 0.07% Shares
PVG ASSET MANAGEMENT CORP $1,638,206 8,374 0.07% Shares
DIVERSIFIED TRUST CO $1,627,641 8,320 0.07% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $1,573,061 8,041 0.07% Shares
Edgestream Partners, L.P. $1,500,091 7,668 0.07% Shares
CAXTON ASSOCIATES LLP $1,493,635 7,635 0.07% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $1,489,918 7,616 0.07% Shares
ARK Investment Management LLC $1,473,094 7,530 0.06% Shares
Horizon Investments, LLC $1,466,065 7,526 0.06% Shares
Vanguard Global Advisers, LLC $1,454,900 7,437 0.06% Shares
Aquatic Capital Management LLC $1,446,879 7,396 0.06% Shares

Company insiders 58 insiders · 25 officers · 28 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Keith Harvey President & CEO April 29, 2026 S 94,308 0 2 $-8,754,162
Neal E West EVP & CFO April 28, 2026 S 19,091 0 2 $-1,475,050
Daniel J Rinkenberger EVP & CFO May 5, 2016 M 70,897 0 0 $0
Joseph P Bellino Executive VP & CFO March 3, 2008 A 23,772 0 0 $0
John T La Duc Executive VP and CFO Feb. 17, 2004 D 135,815 0 0 $0
John Malcolm Donnan EVP, CAO and GC April 28, 2026 G 28,200 0 2 $-2,797,905
Iulian Gheorghe SVP - Adv Eng & Innovation April 27, 2026 S 4,448 0 1 $-30,488
Thomas H. Robb EVP - Manufacturing March 5, 2026 A 17,898 0 0 $0
Hugh J. Barger III EVP - Sales & Marketing March 5, 2026 A 5,711 0 0 $0
Vijai Narayan VP, Corp Ctrl & CAO March 5, 2026 F 7,517 0 0 $0
Blain Tiffany EVP - Sales & Marketing Nov. 7, 2025 S 26,275 0 1 $-812,972
Jason Walsh EVP - Manufacturing Aug. 12, 2025 F 42,770 0 0 $0
Ray Parkinson SVP - AE & Innovation March 5, 2025 F 20,750 0 0 $0
Brant Weaver VP - Strategic Development June 1, 2023 F 7,337 0 0 $0
Jennifer Huey VP & Chief Accounting Officer March 5, 2023 F 7,938 0 0 $0
Del L Miller VP - Metal Strategy March 5, 2023 F 6,589 0 0 $0
Mark Krouse VP - Human Resources March 5, 2023 F 7,248 0 0 $0
Melinda C Ellsworth VP IR & Corp. Communications May 5, 2016 S 5,423 0 0 $0
Pete Bunin EVP - Strategy July 2, 2014 S 59,844 0 0 $0
James E Mcauliffe Sr. VP - Human Resources March 5, 2012 F 23,266 0 0 $0
Lynton John Rowsell VP & Chief Accounting Officer May 27, 2008 S 905 0 0 $0
Daniel D Maddox Vice President and Treasurer July 6, 2006 A 11,334 0 0 $0
Edward F Houff VP, General Counsel and Sec. Sept. 23, 2004 D 0 0 0 $0
Edward A Kaplan Vice President of Taxes Feb. 21, 2004 D 0 0 0 $0
Joseph A Bonn Exec. VP, Corp. Development Feb. 21, 2004 D 0 0 0 $0
Kimberly Thompson Glas Director June 4, 2026 A 3,466 0 0 $0
Richard P. Grimley Director June 4, 2026 A 5,364 0 1 $-261,396
James Donald Hoffman Director June 4, 2026 A 3,760 0 0 $0
David A Foster Director June 4, 2026 A 24,332 0 0 $0
Brett Wilcox Director June 4, 2026 A 3,019 0 1 $-2,616,600
Glenda J Minor Director June 4, 2026 A 4,516 0 0 $0
Michael C Arnold Director June 4, 2026 A 11,445 0 0 $0
Donald J Stebbins Director June 4, 2026 A 15,407 0 0 $0
Kevin W Williams Director June 10, 2025 A 8,562 0 0 $0
Lauralee Martin Director June 10, 2025 A 8,345 0 0 $0
Teresa Mosley Sebastian Director June 11, 2024 A 3,745 0 0 $0
Jack A Hockema Director June 11, 2024 F 1,639 0 0 $0
Alfred E Osborne JR Director June 7, 2023 A 24,957 0 0 $0
Carolyn Bartholomew Director Dec. 12, 2019 S 13,530 0 0 $0
Jack Quinn Director Sept. 29, 2016 G 7,788 0 0 $0
Thomas Melton Van Leeuwen Director May 26, 2016 A 10,389 0 0 $0
Teresa A Hopp Director May 26, 2016 A 14,458 0 0 $0
HASSEY L PATRICK Director May 26, 2016 A 4,358 0 0 $0
William F Murdy Director May 1, 2015 S 13,884 0 0 $0
Carl Bennett Frankel Director Nov. 18, 2008 P 8,695 0 0 $0
Georganne Proctor Director June 4, 2008 A 4,320 0 0 $0
George Becker Director Aug. 1, 2006 A 1,039 0 0 $0
George T Haymaker Director July 6, 2006 J 0 0 0 $0
Robert J Cruikshank Director July 6, 2006 J 0 0 0 $0
Ezra G Levin Director Feb. 23, 2004 D 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 84 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PSCM · Invesco Exchange-Traded Fund Trust … 4.11% 4,785 SH Aug. 8, 2026 Daily
PYZ · Invesco Exchange-Traded Fund Trust 2.58% 10,836 SH Aug. 8, 2026 Daily
PRNT · ARK ETF Trust 2.14% 7,530 NS April 30, 2026 N-PORT
OASC · Unified Series Trust 1.28% 5,917 NS May 31, 2026 N-PORT
XSMO · Invesco Exchange-Traded Fund Trust 1.00% 167,254 SH Aug. 8, 2026 Daily
FYC · First Trust Exchange-Traded AlphaDE… 0.79% 48,373 NS April 30, 2026 N-PORT
RZV · Invesco Exchange-Traded Fund Trust 0.57% 9,467 SH Aug. 8, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.40% 28,803 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 13,283 NS April 30, 2026 N-PORT
DWAS · Invesco Exchange-Traded Fund Trust … 0.39% 9,353 SH Aug. 8, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.34% 34,354 SH Aug. 8, 2026 Daily
AFSM · First Trust Exchange-Traded Fund VI… 0.31% 1,698 NS May 31, 2026 N-PORT
IJS · iShares Trust 0.30% 144,153 SH Aug. 8, 2026 Daily
RWJ · Invesco Exchange-Traded Fund Trust … 0.24% 27,389 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.24% 37,015 NS May 31, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.24% 349,501 NS May 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.22% 16,853 NS April 30, 2026 N-PORT
VAW · VANGUARD WORLD FUND 0.21% 47,566 SH Aug. 8, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.19% 2,668 SH Aug. 8, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.19% 17,679 SH Aug. 8, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.18% 89,212 NS May 31, 2026 N-PORT
FMAT · FIDELITY COVINGTON TRUST 0.18% 6,264 NS April 30, 2026 N-PORT
XJR · iShares Trust 0.17% 1,915 SH Aug. 8, 2026 Daily
IWO · iShares Trust 0.17% 148,951 SH Aug. 8, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.17% 56,613 SH Aug. 8, 2026 Daily
PICK · iShares, Inc. 0.17% 22,585 SH Aug. 8, 2026 Daily
ROSC · Lattice Strategies Trust 0.17% 538 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.16% 4,515 NS April 30, 2026 N-PORT
IJR · iShares Trust 0.15% 987,213 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.14% 22,486 SH Aug. 8, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 5,815 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.13% 58,476 NS April 30, 2026 N-PORT
SAA · ProShares Trust 0.13% 192 NS May 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.12% 96,611 NS April 30, 2026 N-PORT
EBI · RBB Fund Trust 0.11% 4,019 NS May 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.11% 11,179 SH Aug. 8, 2026 Daily
AVIE · AMERICAN CENTURY ETF TRUST 0.11% 61 NS May 31, 2026 N-PORT
EBIT · Harbor ETF Trust 0.10% 68 NS April 30, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.10% 95,176 SH Aug. 8, 2026 Daily
IFRA · iShares Trust 0.10% 26,663 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.10% 5,144 NS May 31, 2026 N-PORT
SMDX · Tidal Trust III 0.09% 679 NS April 30, 2026 N-PORT
IWM · iShares Trust 0.09% 418,956 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.08% 6,992 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.07% 758 NS May 31, 2026 N-PORT
IGE · iShares Trust 0.07% 3,214 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.07% 53,957 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.06% 76,997 NS May 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.06% 225,997 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.06% 9,937 SH Aug. 8, 2026 Daily