CENTURY ALUMINUM CO financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CENTURY ALUMINUM CO files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,319	1,589	1,893	1,837	1,605	2,213	2,777	2,185	2,220	2,528
Cost of revenue	1,325	1,458	1,916	1,861	1,642	2,088	2,731	2,098	2,048	2,272
Gross profit	-6.1	131	-22.9	-23.9	-36.5	124	46.7	87.6	172	256
Selling, general and administrative	38.9	44.8	40.2	47.4	43.5	57.6	37.5	44.3	56.8	79.9
Operating income	-228	97.2	-59	-72.1	-80.5	66	-150	27.5	108	158
Interest expense	22.2	22.2	22.4	23	29.7	28.8	29.3
Interest income	0.8	1.4	1.5	0.8	0.8	0.8	0.5	2	2.1	9.2
Other non-operating income	-5.1	-4.5	3	-1.1	3.5	3.1	15.3	-3.3	-5.5	-14.5
Pre-tax income	-251	55.4	-70.6	-85.5	-126	-198	33.4	-71.1	310	2.7
Income tax	2.8	7.6	-0.2	-8.4	-3.1	-30.6	47.4	-14.6	3.2	-13.1
Net income to minority interests						0	0	-13.5	-30.1	-26
Net income	-252	48.6	-66.2	-80.8	-123	-167	-14.1	-43.1	337	41.8
EBITDA	-143	181	31.1	11.1	2.5	149	-76.8	107	195	250
EPS, basic	-2.90	0.51	-0.76	-0.91	-1.38	-1.85	-0.15	-0.47	3.44	0.42
EPS, diluted	-2.90	0.51	-0.76	-0.91	-1.38	-1.85	-0.15	-0.47	3.27	0.42
Shares, basic (weighted)	87.1	87.3	87.6	88.8	89.5	90.2	91.4	92.4	92.8	94.2
Shares, diluted (weighted)	87.1	88	87.6	88.8	89.5	90.2	91.4	92.4	98.4	95.3

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	132	167	38.9	38.9	81.6	29	54.3	88.8	32.9	134
Receivables	12.4	43.1	82.5	70.1	51	80.6	66.9	53.7	75.8	110
Inventory	234	318	344	321	291	426	399	477	539	520
Other current assets	22.2	14.7	13.9	12.2	12.9	28.2	24.5	27.5	28.3	24.4
Total current assets	441	554	507	487	456	618	678	767	811	1,031
Property, plant and equipment	1,026	972	967	949	880	893	744	1,184	1,150	1,168
Lease right-of-use assets			0	25.2	24.9	22.9	20.9	24.7	21	24.4
Other non-current assets	73.4	56	63.5	62.7	61.5	59.2	49.8	77.5	88.9	70.4
Total assets	1,540	1,582	1,538	1,500	1,400	1,570	1,472	2,029	2,120	2,269
Accounts payable	95	89.9	119	97.1	106	187	167	250	187	187
Accrued liabilities	50.1	61.4	75.8	61.5	54.5	62.7	37.6	50.9	44.6	35.6
Short-term debt							146
Total current liabilities	179	191	224	234	240	547	411	764	467	524
Long-term debt	248	248	249	249	243	246	382	431
Lease liabilities			0	22.8	24.3	22.9	20.9	21.9	18.7	22
Other non-current liabilities	72	57.9	46	42.4	44.8	46.3	31.4	66.3	92.6	105
Total liabilities	784	752	775	825	854	1,149	1,073	1,502	1,315	1,339
Total debt							528	431
Paid-in capital	2,515	2,517	2,523	2,527	2,530	2,536	2,540	2,543	2,550	2,572
Retained earnings	-1,559	-1,511	-1,577	-1,656	-1,780	-1,947	-1,961	-2,004	-1,667	-1,626
Treasury stock	-86.3	-86.3	-86.3	-86.3	-86.3	-86.3	-86.3	-86.3	-86.3	-86.3
Other comprehensive income	-114	-91.7	-98.7	-110	-119	-82.3	-94	-97.9	-103	-55.2
Shareholders' equity	757	830	762	675	546	421	399	356	694	806
Minority interests							0	148	111	124
Total equity	757	830	762	675	546	421	399	503	805	930
Total liabilities and equity	1,540	1,582	1,538	1,500	1,400	1,570	1,472	2,029	2,120	2,269
Shares outstanding	87.3	87.5	88.1	89.2	90.1	91.2	92.3	92.7	93.3	99

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-252	48.6	-66.2	-80.8	-123	-167	-14.1	-56.6	307	15.8
Depreciation and amortization	84.8	84.2	90.1	83.2	83	82.6	73.4	79	86.7	91.8
Stock-based compensation	1.5	1.85	3.7	6.5	9.6	20.8	-0.6	6.6	15.4	47
Deferred income tax	-2.6	-5.8	0.1	-8.4	-7.1	-30.7	43.2	-30.9	-1.7	-13.7
Change in receivables	-3	-30.6	-39.4	12.4	19.1	-16.2	13.7	36.9	-18.3	-24
Change in inventory	0.9	-67.5	-62.8	4.4	-15.5	-135	-12.8	25.8	-64.3	10.8
Cash from operations	38.2	51.5	-69.1	17.7	42.9	-64.7	25.9	106	-24.6	185
Capital expenditures	-21.9	-31.8	-83	-59.6	-13.4	-83	-86.3	-95	-82.3	-100
Acquisitions	0					0	0	11.5	0	0
Cash from investing	-20.9	-17.4	-82.9	-38.8	-11.8	-82.6	-85.5	-57.8	-80	-100
Debt issued			0	40	244	0	0	0	0	400
Debt repaid	0		0	0	-250	0	0	0	0	-250
Stock issued	0	0.4	0.4	0.3	0	0
Share buybacks	0	0
Cash from financing	0	0.4	23.7	21.1	13.5	104	74.4	-13	50	15.1
Net change in cash	17.3	34.5	-128	0	44.6	-43.6	14.8	34.8	-54.6	99.9
Free cash flow	16.3	19.7	-152	-41.9	29.5	-148	-60.4	10.6	-107	84.8
Interest paid	19.5	19.5	19.7	21.8	14.5	36.8	27	35.2	36	36.6
Income taxes paid	13.9	5.6	13.1	0.5	0.2	3.1	0.9	5.9	14.5	4.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $38.39 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	19.2%	Gross profit / revenue.
Operating margin	25.6%	Operating income / revenue.
EBITDA margin	28.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	22.6%	Net income / revenue.
FCF margin	5.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	12.8%	Cash from operations / revenue.
Return on equity (ROE)	43.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	21.0%	Net income / average total assets.
Return on invested capital (ROIC)	50.9%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	3.6%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	2.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	7.1%	Capital expenditures / revenue.
D&A / revenue	3.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	13.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-3.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	49.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	76.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y	45.8%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	28.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y	151.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-87.6%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-87.2%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	92.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	34.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	23.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	16.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	26.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	15.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-3.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.75x	Current assets / current liabilities.
Quick ratio	0.94x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.67x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	46.6%	Total liabilities / total assets.
Working capital	$892.2M	Current assets - current liabilities.
Tangible book value	$1.40B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.93x	Revenue / average total assets.
Fixed asset turnover	2.13x	Revenue / average property, plant and equipment.
Inventory turnover	3.71x	Cost of revenue / average inventory.
Days inventory	98 days	365 x average inventory / cost of revenue.
Receivables turnover	19.6x	Revenue / average receivables.
Days sales outstanding	19 days	365 x average receivables / revenue.
Days payables	37 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	80 days	Days inventory + days sales outstanding - days payables.
FCF conversion	25.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	55.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.76	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$25.45	Revenue / diluted weighted shares.
FCF per share	$1.44	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.25	Cash from operations / diluted weighted shares.
Book value per share	$14.17	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$14.17	Tangible book value / shares outstanding.
Cash per share	$3.47	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$3.80B	Share price x shares outstanding.
Enterprise value	$3.46B	Market cap + total debt - cash - short-term investments.
P/E	6.30x	Market cap / net income. Only when net income is positive.
P/S	1.42x	Market cap / revenue.
P/B	2.71x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.71x	Market cap / tangible book value, when positive.
P/FCF	25.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	11.2x	Market cap / cash from operations, when positive.
EV/Sales	1.30x	Enterprise value / revenue.
EV/EBIT	5.06x	Enterprise value / operating income, when both are positive.
EV/EBITDA	4.51x	Enterprise value / EBITDA, when both are positive.
EV/FCF	22.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.0%	Free cash flow / market cap.
Earnings yield	15.9%	Net income / market cap (the inverse of P/E).

What was CENTURY ALUMINUM CO's revenue in fiscal 2025?

CENTURY ALUMINUM CO reported revenue of $2.53B for fiscal 2025, 13.9% higher than the year before.

Was CENTURY ALUMINUM CO profitable in fiscal 2025?

Yes. Net income was $41.8M, a net margin of 1.7%.

How much free cash flow did CENTURY ALUMINUM CO generate in fiscal 2025?

Cash from operations of $185.0M minus capital expenditures of $100.2M left free cash flow of $84.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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