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CENX

Century Aluminum Company

CENX

Century Aluminum Company • NASDAQ
$29.97 ▲ 4.24% (+1.22)
Market Cap $2.80 B
52w High $34.52
52w Low $13.05
Dividend Yield 0%
P/E 35.68
Volume 941.56K
Outstanding Shares 93.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $632.2M ▲ $19M ▲ $14.9M ▲ 2.357% ▲ $0.15 ▲ $43.4M ▲
Q2-2025 $628.1M ▼ $15.5M ▲ $-4.6M ▼ -0.732% ▼ $-0.049 ▼ $22M ▼
Q1-2025 $633.9M ▲ $14.5M ▼ $29.7M ▼ 4.685% ▼ $0.3 ▼ $59.8M ▼
Q4-2024 $630.9M ▲ $17M ▼ $45.2M ▼ 7.164% ▼ $0.46 ▼ $69.2M ▼
Q3-2024 $539.1M $18M $47.3M 8.774% $0.49 $79.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $151.4M ▲ $2.134B ▲ $1.437B ▲ $741.8M ▲
Q2-2025 $40.7M ▼ $1.949B ▼ $1.265B ▲ $724.4M ▼
Q1-2025 $44.9M ▲ $1.954B ▲ $1.264B ▼ $726.3M ▲
Q4-2024 $32.9M ▲ $1.939B ▲ $1.277B ▲ $694.4M ▲
Q3-2024 $32.6M $1.897B $1.268B $652.1M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.9M ▲ $2M ▼ $-16.1M ▲ $123.4M ▲ $109.3M ▲ $-18.1M ▼
Q2-2025 $-9.1M ▼ $7.9M ▼ $-18.1M ▼ $6M ▲ $-4.2M ▼ $-15.9M ▼
Q1-2025 $25.7M ▼ $72.3M ▲ $-15.5M ▼ $-44.8M ▼ $12M ▲ $51.1M ▲
Q4-2024 $40.4M ▲ $-41.4M ▼ $-500K ▲ $42.2M ▲ $300K ▲ $-54.6M ▼
Q3-2024 $36M $20.1M $-22.5M $-5M $-7.4M $-2.4M

Revenue by Products

Product Q2-2024Q1-2025Q2-2025Q3-2025
Alumina
Alumina
 $110.00M ▲$100.00M ▼$60.00M ▼$60.00M ▲
Aluminum
Aluminum
 $450.00M ▲$540.00M ▲$570.00M ▲$570.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Century Aluminum’s sales have grown compared with a few years ago, though they are below the recent peak, showing how tied the company is to swings in aluminum prices and demand. Profitability has improved sharply: after several years of losses or near break‑even results, the most recent year shows solid profits at both the operating and net income level. Margins have widened, suggesting better pricing, cost control, or product mix, not just higher volume. Overall, the income statement now looks much healthier than it did earlier in the five‑year period, but it still reflects a business that can be volatile from year to year.

Balance Sheet

Balance Sheet The asset base has gradually expanded, which is consistent with ongoing investment in plants and equipment. Debt is meaningfully higher than it was a few years ago and remains a key feature of the capital structure, though recent profits have helped rebuild shareholders’ equity after earlier pressure. Cash on hand is relatively lean, which can limit flexibility and makes the company more reliant on consistent operations and external financing. In short, the balance sheet is serviceable but not overly conservative, with a noticeable dependence on debt and modest liquidity.

Cash Flow

Cash Flow Cash generation has been choppy. Even in years with accounting profits, operating cash flow has not always followed, reflecting swings in working capital and the capital‑intensive nature of smelting. Free cash flow has hovered around breakeven over the period, with several years of outflows driven by steady capital spending. This pattern suggests a company that must invest heavily just to maintain and upgrade its assets, leaving limited surplus cash in many years and heightening sensitivity to downturns or project delays.

Competitive Edge

Competitive Edge Century Aluminum operates in a commodity industry but has carved out advantages that go beyond simple volume. It is the largest primary aluminum producer in the United States, benefits from trade protections that support domestic pricing, and offers value‑added products that can earn better margins than basic metal. Its low‑carbon “Natur‑Al” line, backed by renewable power in Iceland and sustainability certifications, provides differentiation for customers focused on emissions. Partial vertical integration into alumina and a U.S. production footprint also strengthen supply security for North American buyers. The main pressures come from global giants, exposure to energy and metal price cycles, and the possibility that trade policy becomes less favorable.

Innovation and R&D

Innovation and R&D The company’s innovation focus is squarely on cleaner and higher‑value aluminum rather than on traditional lab‑style R&D. The Iceland smelter powered entirely by renewable energy underpins its low‑carbon products, while the Mt. Holly plant in the U.S. is positioned as one of the most advanced and efficient smelters in the country. Planned projects are ambitious: a new U.S. “green” smelter supported by government funding and a joint venture to produce low‑carbon recycled billets for the automotive and construction markets. These initiatives, along with ongoing development of specialized alloys and value‑added forms, could deepen its green and premium positioning, but they also require flawless execution and significant capital.

Summary

Century Aluminum has moved from a period of weak and inconsistent results to one of clearly improved profitability, although its earnings still depend heavily on volatile metal markets. The balance sheet shows that the company has invested aggressively and taken on meaningful debt, with limited cash buffers, so financial risk is not trivial. Cash flows highlight how capital‑hungry and cyclical the business remains, with only modest free cash left over after investment in its plants. Strategically, its strengths lie in low‑carbon production, value‑added products, and a leading domestic position supported by trade policy. Future growth is tied to large green‑aluminum projects and recycling initiatives, which present both an opportunity to stand out in a decarbonizing economy and a set of execution, funding, and policy risks that could materially affect outcomes.

NEWS

October 29, 2025 · 4:09 PM UTC

Jamalco Begins Restart Procedures Following Hurricane Melissa

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October 21, 2025 · 4:40 PM UTC

Century Aluminum Reports Electrical Equipment Failure Affecting One Potline at Grundartangi, Iceland Smelter

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October 6, 2025 · 4:01 PM UTC

Century Aluminum Signs Power Agreement Extension with Santee Cooper Through 2031

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