KALU vs. AP

Last updated Apr 1, 2026

Compare and contrast key facts about Kaiser Aluminum Corporation (KALU) and Ampco-Pittsburgh Corporation (AP).

Performance

KALU vs. AP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kaiser Aluminum Corporation (KALU) and Ampco-Pittsburgh Corporation (AP). The values are adjusted to include any dividend payments, if applicable.

KALU vs. AP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KALU Kaiser Aluminum Corporation	5.54%	70.14%	2.75%	-2.14%	-16.17%	-2.44%	-7.57%	27.24%	-14.68%	40.65%
AP Ampco-Pittsburgh Corporation	26.08%	155.02%	-23.44%	8.76%	-49.80%	-8.76%	82.06%	-2.90%	-75.00%	-25.10%

Fundamentals

EPS KALU : $8.62 AP : -$0.26
PS Ratio KALU : 0.59 AP : 0.32
Total Revenue (TTM) KALU : $3.37B AP : $426.31M
Gross Profit (TTM) KALU : $257.40M AP : $85.33M
EBITDA (TTM) KALU : $294.60M AP : $33.95M

Returns By Period

In the year-to-date period, KALU achieves a 5.54% return, which is significantly lower than AP's 26.08% return. Over the past 10 years, KALU has outperformed AP with an annualized return of 6.83%, while AP has yielded a comparatively lower -6.74% annualized return.

KALU

• 1D: 5.12%
• 1M: -7.40%
• YTD: 5.54%
• 6M: 58.41%
• 1Y: 105.95%
• 3Y*: 22.12%
• 5Y*: 5.46%
• 10Y*: 6.83%

AP

• 1D: 4.02%
• 1M: -26.23%
• YTD: 26.08%
• 6M: 193.45%
• 1Y: 209.68%
• 3Y*: 39.98%
• 5Y*: -2.69%
• 10Y*: -6.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KALU vs. AP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KALU

KALU Risk / Return Rank: 91
KALU Sharpe Ratio Rank: 93
KALU Sortino Ratio Rank: 92
KALU Omega Ratio Rank: 89
KALU Calmar Ratio Rank: 90
KALU Martin Ratio Rank: 89

AP

AP Risk / Return Rank: 90
AP Sharpe Ratio Rank: 93
AP Sortino Ratio Rank: 91
AP Omega Ratio Rank: 86
AP Calmar Ratio Rank: 91
AP Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KALU vs. AP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kaiser Aluminum Corporation (KALU) and Ampco-Pittsburgh Corporation (AP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	KALU	AP	Difference
Sharpe ratio Return per unit of total volatility	2.32	2.36	-0.04
Sortino ratio Return per unit of downside risk	3.08	2.87	+0.20
Omega ratio Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio Return relative to maximum drawdown	3.88	4.13	-0.24
Martin ratio Return relative to average drawdown	9.69	9.28	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KALU vs. AP - Sharpe Ratio Comparison

The current KALU Sharpe Ratio is 2.32, which is comparable to the AP Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of KALU and AP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KALU	AP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.36	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	-0.04	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	-0.09	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.01	+0.22

Correlation

The correlation between KALU and AP is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KALU vs. AP - Dividend Comparison

KALU's dividend yield for the trailing twelve months is around 2.56%, while AP has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KALU Kaiser Aluminum Corporation	2.56%	2.68%	4.38%	4.33%	4.05%	3.07%	2.71%	2.16%	2.46%	1.87%	2.32%	1.91%
AP Ampco-Pittsburgh Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.45%	2.69%	7.02%

Drawdowns

KALU vs. AP - Drawdown Comparison

The maximum KALU drawdown since its inception was -82.08%, smaller than the maximum AP drawdown of -98.06%. Use the drawdown chart below to compare losses from any high point for KALU and AP.

Drawdown Indicators

	KALU	AP	Difference
Max Drawdown Largest peak-to-trough decline	-82.08%	-98.06%	+15.98%
Max Drawdown (1Y) Largest decline over 1 year	-26.03%	-50.80%	+24.77%
Max Drawdown (5Y) Largest decline over 5 years	-58.48%	-90.80%	+32.32%
Max Drawdown (10Y) Largest decline over 10 years	-58.48%	-95.96%	+37.48%
Current Drawdown Current decline from peak	-16.72%	-82.60%	+65.88%
Average Drawdown Average peak-to-trough decline	-25.78%	-52.13%	+26.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.43%	22.61%	-12.18%

Volatility

KALU vs. AP - Volatility Comparison

The current volatility for Kaiser Aluminum Corporation (KALU) is 13.47%, while Ampco-Pittsburgh Corporation (AP) has a volatility of 34.84%. This indicates that KALU experiences smaller price fluctuations and is considered to be less risky than AP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KALU	AP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.47%	34.84%	-21.37%
Volatility (6M) Calculated over the trailing 6-month period	34.51%	64.50%	-29.99%
Volatility (1Y) Calculated over the trailing 1-year period	46.05%	89.50%	-43.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.24%	73.95%	-29.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.56%	71.83%	-30.27%

Financials

KALU vs. AP - Profitability Comparison

The chart below illustrates the profitability comparison between Kaiser Aluminum Corporation and Ampco-Pittsburgh Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

KALU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kaiser Aluminum Corporation reported a gross profit of 0.00 and revenue of 929.00M. Therefore, the gross margin over that period was 0.0%.

AP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ampco-Pittsburgh Corporation reported a gross profit of 21.35M and revenue of 108.01M. Therefore, the gross margin over that period was 19.8%.

KALU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kaiser Aluminum Corporation reported an operating income of 60.60M and revenue of 929.00M, resulting in an operating margin of 6.5%.

AP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ampco-Pittsburgh Corporation reported an operating income of 1.12M and revenue of 108.01M, resulting in an operating margin of 1.0%.

KALU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kaiser Aluminum Corporation reported a net income of 58.80M and revenue of 929.00M, resulting in a net margin of 6.3%.

AP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ampco-Pittsburgh Corporation reported a net income of -2.21M and revenue of 108.01M, resulting in a net margin of -2.1%.