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How Kaiser Aluminum (KALU) makes money

Kaiser Aluminum (KALU) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +44% from a year earlier. Packaging brought in $561M (46%); Aero Hs Products brought in $292M (24%); Ge Products brought in $278M (23%). Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

Kaiser Aluminum revenue by segment, Q3 2026Kaiser Aluminum revenue by segment, Q3 2026Packaging$561MAero Hs Products$292MGe Products$278MAutomotive Extrusions$82.9M
Kaiser Aluminum: revenue by line, Q1 2025 to Q3 2026Kaiser Aluminum: revenue by line, Q1 2025 to Q3 2026PackagingAero Hs ProductsGe ProductsAutomotive ExtrusionsPackaging: $561M latest$561MAero Hs Products: $292M latest$292MGe Products: $278M latest$278MAutomotive Extrusions: $82.9M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Packaging went from 40% of revenue in Q1 2025 to 46% in Q3 2026, the largest shift in the mix.
Kaiser Aluminum revenue by quarterKaiser Aluminum revenue by quarter$777MQ1 2025$823MQ2 2025$844MQ3 2025$929MQ4 2025$1.1BQ1 2026$1.3BQ2 2026$1.2BQ3 2026
Kaiser Aluminum: where each dollar of revenue goesKaiser Aluminum: where each dollar of revenue goesOperating profit5¢Income tax1¢Net earnings3¢Operating cash flow8¢Free cash flow6¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Packaging$561M46.2%-3%+43%
Aero Hs Products$292M24.0%-4%+60%
Ge Products$278M22.9%-0.9%+45%
Automotive Extrusions$82.9M6.8%-8%+10%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.2B100.0%
Operating profit$55.2M4.5%
Income tax$9.2M0.8%
Net earnings$31.0M2.6%
Operating cash flow$101M8.3%
Free cash flow$72.3M6.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.2B+44%
Q2 2026$1.3B+53%
Q1 2026$1.1B+42%
Q4 2025$929M+21%
Q3 2025$844M+13%
Q2 2025$823M+6%
Q1 2025$777M+5%

From Kaiser Aluminum's 10-Q filed Oct 22, 2026 (on EDGAR).

Questions

How does Kaiser Aluminum make money?

Kaiser Aluminum (KALU) made $1.2B of revenue in the third quarter 2026 (Q3 2026), +44% from a year earlier. Packaging brought in $561M (46%); Aero Hs Products brought in $292M (24%); Ge Products brought in $278M (23%). Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.

What is Kaiser Aluminum's biggest business?

Packaging: $561M in the third quarter 2026, 46% of revenue, +43% from a year earlier.

What is Kaiser Aluminum's profit margin?

Net earnings were $31.0M, 2.6% of revenue, in the third quarter 2026; the operating margin was 4.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.