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Kaiser Aluminum vs Mueller Industries: revenue, profit, margins and growth compared

Kaiser Aluminum brought in $3.4B of revenue in fiscal 2025, Mueller Industries $4.2B in fiscal 2025. Revenue changed by +11.5% at Kaiser Aluminum and +10.9% at Mueller Industries on the year before, so Kaiser Aluminum grew faster. Kaiser Aluminum kept 3.3% of its revenue as net profit, Mueller Industries 18.3%. Free cash flow was -$25.5M at Kaiser Aluminum and $686.6M at Mueller Industries.

Side by side, latest fiscal year

KALUMLI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 27, 2025)
Revenue$3.4B$4.2B
Revenue growth+11.5%+10.9%
Net income$112.5M$765.2M
Net margin3.3%18.3%
Free cash flow-$25.5M$686.6M
Free cash flow margin-0.8%16.4%
Earnings per share (diluted)$6.77$6.86
Cash$7M$1.4B
Debt$1.1B$0
Price to earnings22.58.8
Market value$2.5B$13.4B
Dividend yield2.02%1.65%
Rank by revenue in sector#165 of 451 · Industrials#136 of 451 · Industrials

Over the years

Revenue
KALU FY2018: $1.6BKALU FY2019: $1.5BKALU FY2020: $1.2BKALU FY2021: $2.6BKALU FY2022: $3.4BKALU FY2023: $3.1BKALU FY2024: $3BKALU FY2025: $3.4BMLI FY2018: $2.5BMLI FY2019: $2.4BMLI FY2020: $2.4BMLI FY2021: $3.8BMLI FY2022: $4BMLI FY2023: $3.4BMLI FY2024: $3.8BMLI FY2025: $4.2BFY18FY19FY20FY21FY22FY23FY24FY25
KALU $3.4BMLI $4.2B
Net income
KALU FY2018: $91.7MKALU FY2019: $62MKALU FY2020: $28.8MKALU FY2021: -$18.5MKALU FY2022: -$29.6MKALU FY2023: $67.8MKALU FY2024: $65.7MKALU FY2025: $112.5MMLI FY2018: $104.5MMLI FY2019: $101MMLI FY2020: $139.5MMLI FY2021: $468.5MMLI FY2022: $658.3MMLI FY2023: $602.9MMLI FY2024: $604.9MMLI FY2025: $765.2MFY18FY19FY20FY21FY22FY23FY24FY25
KALU $112.5MMLI $765.2M
Net margin
KALU FY2018: 5.8%KALU FY2019: 4.1%KALU FY2020: 2.5%KALU FY2021: -0.7%KALU FY2022: -0.9%KALU FY2023: 2.2%KALU FY2024: 2.2%KALU FY2025: 3.3%MLI FY2018: 4.2%MLI FY2019: 4.2%MLI FY2020: 5.8%MLI FY2021: 12.4%MLI FY2022: 16.5%MLI FY2023: 17.6%MLI FY2024: 16.0%MLI FY2025: 18.3%FY18FY19FY20FY21FY22FY23FY24FY25
KALU 3.3%MLI 18.3%
Revenue growth
KALU FY2019: -4.5%KALU FY2020: -22.5%KALU FY2021: +123.6%KALU FY2022: +30.7%KALU FY2023: -9.9%KALU FY2024: -2.0%KALU FY2025: +11.5%MLI FY2019: -3.1%MLI FY2020: -1.3%MLI FY2021: +57.2%MLI FY2022: +5.7%MLI FY2023: -14.1%MLI FY2024: +10.2%MLI FY2025: +10.9%FY19FY20FY21FY22FY23FY24FY25
KALU +11.5%MLI +10.9%
Free cash flow
KALU FY2018: $76.1MKALU FY2019: $172.1MKALU FY2020: $155MKALU FY2021: $21.4MKALU FY2022: -$205.6MKALU FY2023: $68.7MKALU FY2024: -$13.7MKALU FY2025: -$25.5MMLI FY2018: $129.4MMLI FY2019: $169.4MMLI FY2020: $201.2MMLI FY2021: $279.9MMLI FY2022: $686.3MMLI FY2023: $618.7MMLI FY2024: $565.7MMLI FY2025: $686.6MFY18FY19FY20FY21FY22FY23FY24FY25
KALU -$25.5MMLI $686.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Kaiser Aluminum and Mueller Industries

Which is bigger by revenue, Kaiser Aluminum or Mueller Industries?

Mueller Industries is bigger by revenue: $4.2B in fiscal 2025, against $3.4B for Kaiser Aluminum in fiscal 2025.

Which keeps more of its revenue as profit, Kaiser Aluminum or Mueller Industries?

Kaiser Aluminum had a net margin of 3.3% in fiscal 2025; Mueller Industries had 18.3% in fiscal 2025.

Which grew revenue faster, Kaiser Aluminum or Mueller Industries?

In their latest fiscal years revenue changed by +11.5% at Kaiser Aluminum and +10.9% at Mueller Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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