| Stage | AA | % of rev | CENX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.7B | 100.00% | $752M | 100.00% | AA ×4.92 |
| Gross profit | $882M | 23.81% | $228M | 30.30% | CENX +6.5pp |
| Operating income | $583M | 15.74% | $212M | 28.13% | CENX +12.4pp |
| Pre-tax income | $573M | 15.47% | $257M | 34.16% | CENX +18.7pp |
| Net income | $482M | 13.01% | $244M | 32.42% | CENX +19.4pp |
| Stage | AA | CENX | Gap · A − B |
|---|---|---|---|
| Revenue | $3.7B100.00% | $752M100.00% | AA ×4.92 |
| Gross profit | 23.81%$882M | 30.30%$228M | CENX +6.5pp |
| Operating income | 15.74%$583M | 28.13%$212M | CENX +12.4pp |
| Pre-tax income | 15.47%$573M | 34.16%$257M | CENX +18.7pp |
| Net income |
| 13.01%$482M |
| 32.42%$244M |
| CENX +19.4pp |
AA 10-KFeb 26 '26
“Iceland Landsvirkjun, the Icelandic national power company, supplies competitively priced electricity from a hydroelectric facility to the smelter under a 40-year power contract, which expires in 2048 with a price renegotiation effective from 2028.”
CENX 10-KMar 3 '25
“Power is supplied to Grundartangi from hydroelectric and geothermal sources under long-term power purchase agreements with three separate suppliers - HS, Landsvirkjun and OR.”