Filing Flows › Kaiser Aluminum (KALU) › Q3 2026 › vs Q3 2025
Kaiser Aluminum (KALU) Q3 2026 vs Q3 2025 (year over year)
Kaiser Aluminum's revenue rose $371M (+44%) from $844M in Q3 2025 to $1.2B in Q3 2026. The biggest changes: Packaging +$168M (+43%); Aero Hs Products +$110M (+60%); Ge Products +$86.1M (+45%). Operating margin 4.5% against 5.8% (-1.2 pts).
Kaiser Aluminum, Q3 2026: revenue $1.2B (+44% year over year), operating margin 4.5%, net earnings $31.0M, operating cash flow $101M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.5% | 5.8% | -1.2 pts |
| Net margin | 2.6% | 4.7% | -2.1 pts |
| Free cash flow margin | 6.0% | 4.1% | +1.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Packaging | $561M | $394M | $168M | +43% |
| Aero Hs Products | $292M | $182M | $110M | +60% |
| Ge Products | $278M | $192M | $86.1M | +45% |
| Automotive Extrusions | $82.9M | $75.2M | $7.7M | +10% |
| Revenue | $1.2B | $844M | $371M | +44% |
| Operating profit | $55.2M | $48.8M | $6.4M | +13% |
| Costs & expenses | $1.2B | $795M | $365M | +46% |
| Pre-tax earnings | $40.2M | $47.8M | −$7.6M | -16% |
| Other expense, net | $15.0M | $1.0M | $14.0M | 15× |
| Cost of revenue | $1.1B | $729M | $370M | +51% |
| Other operating costs | $60.5M | $65.9M | −$5.4M | -8% |
| Net earnings | $31.0M | $39.5M | −$8.5M | -22% |
| Income tax | $9.2M | $8.3M | $900K | +11% |
| Depreciation & amortization | $27.9M | $32.0M | −$4.1M | -13% |
| Share-based compensation | $3.7M | $5.0M | −$1.3M | -26% |
| Working capital & other | $38.1M | −$17.4M | $55.5M | — |
| Operating cash flow | $101M | $59.1M | $41.6M | +70% |
| Free cash flow (OCF − capex) | $72.3M | $34.5M | $37.8M | +110% |
| Capital expenditures | $28.4M | $24.6M | $3.8M | +15% |
Questions
How much did Kaiser Aluminum's revenue grow year over year in Q3 2026?
Kaiser Aluminum's revenue rose $371M (+44%) from $844M in Q3 2025 to $1.2B in Q3 2026.
What drove Kaiser Aluminum's revenue change in Q3 2026?
Packaging +$168M (+43%); Aero Hs Products +$110M (+60%); Ge Products +$86.1M (+45%).