CENTURY ALUMINUM CO CENX
Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities, or "smelters," in the United States and Iceland. Aluminum is an internationally traded commodity, and its price is effectively determined on the London Metal Exchange (the "LME"), plus applicable regional and value-added product premiums. Our smelters produce standard-grade and value-added primary aluminum products. Our current annual production capacity was approximately 770,000 tonnes per year ("tpy") as of December 31, 2025. We produced approximately 638,000 tonnes of primary aluminum in 2025.
In addition to our primary aluminum assets, we have a 55% joint venture interest in the Jamalco bauxite mining operation and alumina refinery in Jamaica ("Jamalco"). The remaining 45% interest in Jamalco is indirectly owned by the Government of Jamaica. Century's share of Jamalco's production capacity is approximately 770,000 tpy. We also own a carbon anode production facility located in the Netherlands ("Vlissingen"). Carbon anodes are consumed in the production of primary aluminum. Vlissingen supplies carbon anodes to our aluminum smelter in Grundartangi, Iceland. Each of our aluminum smelters in the United States produces anodes at on-site facilities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.53B | $2.22B | $2.19B | $2.78B | $2.21B | $1.61B | $1.84B | $1.89B | $1.59B | $1.32B |
| Cost of revenue | $2.27B | $2.05B | $2.10B | $2.73B | $2.09B | $1.64B | $1.86B | $1.92B | $1.46B | $1.33B |
| Gross profit | $256.4M | $172.0M | $87.6M | $46.7M | $124.2M | -$36.5M | -$23.9M | -$22.9M | $131.3M | -$6.1M |
| SG&A | $79.9M | $56.8M | $44.3M | $37.5M | $57.6M | $43.5M | $47.4M | $40.2M | $44.8M | $38.9M |
| Operating income | $158.1M | $108.4M | $27.5M | -$150.2M | $66.0M | -$80.5M | -$72.1M | -$59.0M | $97.2M | -$227.9M |
| Interest expense | — | — | — | — | — | — | $23.0M | $22.4M | $22.2M | $22.2M |
| Pre-tax income | $2.7M | $309.8M | -$71.1M | $33.4M | -$197.6M | -$126.3M | -$85.5M | -$70.6M | $55.4M | -$250.9M |
| Income tax | $13.1M | $3.2M | $14.6M | $47.4M | $30.6M | $3.1M | $8.4M | $200.0K | $7.6M | $2.8M |
| Net income | $40.0M | $319.0M | -$43.0M | -$14.0M | -$167.0M | -$123.3M | -$80.8M | -$66.2M | $48.6M | -$252.4M |
| EPS, basic | 0.42 | 3.44 | -0.47 | -0.15 | -1.85 | -1.38 | -0.91 | -0.76 | 0.51 | -2.90 |
| EPS, diluted | 0.42 | 3.27 | -0.47 | -0.15 | -1.85 | -1.38 | -0.91 | -0.76 | 0.51 | -2.90 |
| Shares, diluted (wtd. avg.) | 95.3M | 98.4M | 92.4M | 91.4M | 90.2M | 89.5M | 88.8M | — | 87.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $134.2M | $32.9M | $88.8M | $55.5M | $40.7M | $84.3M | $39.7M | $39.7M | $168.0M | $133.5M |
| Receivables | $109.9M | $75.8M | $53.7M | $66.9M | $80.6M | $51.0M | $70.1M | $82.5M | $43.1M | $12.4M |
| Inventory | $519.6M | $539.0M | $477.0M | $398.8M | $425.6M | $291.1M | $320.6M | $343.8M | $317.5M | $233.6M |
| Total current assets | $807.4M | $729.3M | $767.1M | $677.8M | $618.2M | $456.0M | $487.3M | $506.7M | $553.7M | $440.6M |
| Property, plant and equipment | $1.15B | $1.13B | $1.18B | $744.4M | $892.5M | $880.4M | $949.2M | $967.3M | $971.9M | $1.03B |
| Total assets | $2.14B | $1.96B | $2.03B | $1.47B | $1.57B | $1.40B | $1.50B | $1.54B | $1.58B | $1.54B |
| Total current liabilities | $447.5M | $467.3M | $763.6M | $410.7M | $547.4M | $240.3M | $233.7M | $224.3M | $190.5M | $179.2M |
| Long-term debt | — | — | $430.9M | $381.6M | — | — | — | — | — | — |
| Retained earnings | -$1.63B | -$1.67B | -$2.00B | -$1.96B | -$1.95B | -$1.78B | -$1.66B | -$1.58B | -$1.51B | -$1.56B |
| Total equity | $805.6M | $694.4M | $355.6M | $399.3M | $421.0M | $546.1M | $675.0M | $762.2M | $829.6M | $756.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $185.0M | -$24.6M | $105.6M | $25.9M | -$64.7M | $42.9M | $17.7M | -$69.1M | $51.5M | $38.2M |
| Depreciation and amortisation | $91.8M | $86.7M | $79.0M | $73.4M | $82.6M | $83.0M | $83.2M | $90.1M | $84.2M | $84.8M |
| Stock-based compensation | $47.0M | $15.4M | $6.6M | — | — | — | — | — | $1.9M | $1.5M |
| Capital expenditure | $100.2M | $82.3M | $95.0M | $86.3M | $83.0M | $13.4M | $59.6M | $83.0M | $31.8M | $21.9M |
| Investing cash flow | -$100.2M | -$80.0M | -$57.8M | -$85.5M | -$82.6M | -$11.8M | -$38.8M | -$82.9M | -$17.4M | -$20.9M |
| Financing cash flow | $15.1M | $50.0M | -$13.0M | $74.4M | $103.7M | $13.5M | $21.1M | $23.7M | $400.0K | $0 |
| Buybacks | — | — | — | $86.3M | $86.3M | $86.3M | $86.3M | $86.3M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001552781-26-000269.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.59B | $1.89B | $1.84B | $1.61B | $2.21B | $2.78B | $2.19B | $2.22B | $2.53B |
| Gross profit | -$6.1M | $131.3M | -$22.9M | -$23.9M | -$36.5M | $124.2M | $46.7M | $87.6M | $172.0M | $256.4M |
| Net income | -$252.4M | $48.6M | -$66.2M | -$80.8M | -$123.3M | -$167.0M | -$14.0M | -$43.0M | $319.0M | $40.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Acquisition or disposal completed Item 2.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3334
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AA | Alcoa Corp | $10.00B | 8.7x | 7.9% |