📊 CENX Key Takeaways
Investment Thesis
Century Aluminum demonstrates solid operational leverage with revenue growth of 13.9% YoY and strong free cash flow generation of $84.8M, supporting its capital-intensive business model. However, profitability margins remain compressed at 1.7% net margin with concerning diluted EPS decline of 87.2% YoY, indicating margin pressure despite top-line growth. The company maintains adequate financial health with a healthy current ratio of 1.97x and moderate leverage, but elevated capital expenditure requirements and thin operating margins typical of the commodity aluminum sector warrant cautious positioning.
CENX Strengths
- Revenue growth of 13.9% YoY demonstrates demand strength in core markets
- Positive free cash flow of $84.8M (3.4% FCF margin) supports debt servicing and capital investment
- Solid liquidity position with current ratio of 1.97x and adequate interest coverage of 8.1x
- Moderate leverage with debt-to-equity of 0.53x provides financial flexibility
- Strong operating cash flow of $185.0M validates cash generation capability
CENX Risks
- Net margin of only 1.7% reflects commodity pricing pressure and operational challenges in aluminum production
- Diluted EPS collapsed 87.2% YoY despite revenue growth, signaling significant per-share value destruction
- Gross margin of 10.1% is razor-thin, leaving minimal room for cost management or price declines
- Capital intensity with capex of $100.2M annually (4% of revenue) constrains shareholder returns
- Exposure to volatile aluminum commodity prices creates earnings unpredictability
Key Metrics to Watch
- Gross and operating margins trend - any further compression signals deteriorating unit economics
- Free cash flow sustainability and FCF conversion rate given high capex requirements
- Debt levels and refinancing risk given $430.9M long-term debt burden
- Aluminum pricing and realized average selling prices in quarterly filings
- Operating efficiency metrics and production costs per ton
CENX Financial Metrics
💡 AI Analyst Insight
The relatively thin 3.4% FCF margin may limit capital allocation flexibility.
CENX Profitability Ratios
CENX vs Default Sector
How CENTURY ALUMINUM CO compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CENX Balance Sheet & Liquidity
CENX 5-Year Financial Trend
5-Year Trend Summary: CENTURY ALUMINUM CO's revenue has grown significantly by 14% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.47 indicates the company is currently unprofitable.
CENX Growth Metrics (YoY)
CENX Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $539.1M | $14.9M | $0.15 |
| Q2 2025 | $560.8M | -$2.5M | $-0.03 |
| Q1 2025 | $489.5M | $29.7M | $0.29 |
| Q2 2024 | $560.8M | -$2.5M | $-0.03 |
| Q1 2024 | $489.5M | -$38.6M | $-0.42 |
| Q3 2023 | $545.2M | -$42.0M | $0.43 |
| Q2 2023 | $575.5M | $7.5M | $0.07 |
| Q1 2023 | $552.4M | $17.7M | $0.18 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CENX Capital Allocation
CENX SEC Filings
Access official SEC EDGAR filings for CENTURY ALUMINUM CO (CIK: 0000949157)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773783338.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773436438.xml | View → |
| Mar 13, 2026 | 4 | xslF345X05/wk-form4_1773436098.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772837922.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772667310.xml | View → |
❓ Frequently Asked Questions about CENX
What is the AI rating for CENX?
CENTURY ALUMINUM CO (CENX) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CENX's key strengths?
Revenue growth of 13.9% YoY demonstrates demand strength in core markets. Positive free cash flow of $84.8M (3.4% FCF margin) supports debt servicing and capital investment.
What are the risks of investing in CENX?
Net margin of only 1.7% reflects commodity pricing pressure and operational challenges in aluminum production. Diluted EPS collapsed 87.2% YoY despite revenue growth, signaling significant per-share value destruction.
What is CENX's revenue and growth?
CENTURY ALUMINUM CO reported revenue of $2.5B.
Does CENX pay dividends?
CENTURY ALUMINUM CO does not currently pay dividends.
Where can I find CENX SEC filings?
Official SEC filings for CENTURY ALUMINUM CO (CIK: 0000949157) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CENX's EPS?
CENTURY ALUMINUM CO has a diluted EPS of $0.42.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.