HWM · Howmet Aerospace Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | - | $2.09B | $2.05B | $1.94B | - | $1.83B | $1.88B | $1.82B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $9.00M | - | $10.00M | $9.00M | $8.00M | - | $9.00M | $7.00M | $10.00M | - |
| SG&A | $111.00M | - | $100.00M | $89.00M | $85.00M | - | $85.00M | $97.00M | $88.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $74.00M | - | $72.00M | $69.00M | $69.00M | - | $68.00M | $69.00M | $67.00M | - |
| Operating Income | $753.00M | - | $542.00M | $521.00M | $494.00M | - | $421.00M | $398.00M | $369.00M | - |
| Interest Expense | - | - | - | - | - | - | - | $49.00M | $49.00M | - |
| Income Tax | $128.00M | - | $110.00M | $62.00M | $102.00M | - | $22.00M | $68.00M | $60.00M | - |
| Net Income | $580.00M | - | $385.00M | $407.00M | $344.00M | - | $332.00M | $266.00M | $243.00M | - |
| EPS - Basic | $1.45 | - | $0.96 | $1.01 | $0.85 | - | $0.81 | $0.65 | $0.59 | - |
| EPS - Diluted | $1.44 | - | $0.95 | $1.00 | $0.84 | - | $0.81 | $0.65 | $0.59 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.44B | $742.00M | $659.00M | $545.00M | $536.00M | $564.00M | $475.00M | $752.00M | $533.00M | $610.00M |
| Accounts Receivable | $940.00M | $779.00M | $884.00M | $888.00M | $888.00M | $689.00M | $757.00M | $749.00M | $785.00M | $675.00M |
| Inventory | $1.98B | $1.85B | $1.98B | $1.96B | $1.90B | $1.84B | $1.90B | $1.85B | $1.78B | $1.76B |
| Accounts Payable | $1.06B | $845.00M | $957.00M | $1.03B | $991.00M | $948.00M | $917.00M | $971.00M | $964.00M | $982.00M |
| Current Assets | $5.66B | $3.78B | $3.82B | $3.69B | $3.55B | $3.36B | $3.39B | $3.60B | $3.34B | $3.32B |
| Total Assets | $13.07B | $11.18B | $11.18B | $11.05B | $10.77B | $10.52B | $10.56B | $10.68B | $10.41B | $10.43B |
| Current Liabilities | $2.31B | $1.77B | $1.63B | $1.60B | $1.55B | $1.55B | $1.52B | $2.36B | $1.70B | $1.78B |
| Long-term Debt | $4.05B | $2.86B | $3.19B | $3.25B | $3.32B | $3.31B | $3.39B | $2.88B | $3.49B | $3.50B |
| Total Liabilities | $7.54B | $5.83B | $6.03B | $6.00B | $5.98B | $5.96B | $6.05B | $6.40B | $6.32B | $6.39B |
| Stockholders' Equity | $5.52B | $5.35B | $5.14B | $5.04B | $4.79B | $4.55B | $4.50B | $4.28B | $4.09B | $4.04B |
| Retained Earnings | $4.63B | $4.09B | $3.72B | $3.43B | $3.07B | $2.77B | $2.45B | $2.19B | $1.94B | $1.72B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $453.00M | - | - | - | $253.00M | - | - | - | $177.00M | - |
| Investing Cash Flow | $14.00M | - | - | - | ($115.00M) | - | - | - | ($75.00M) | - |
| Financing Cash Flow | $1.23B | - | - | - | ($167.00M) | - | - | - | ($178.00M) | - |
| CapEx | $94.00M | - | - | - | $119.00M | - | - | - | $82.00M | - |
| Free Cash Flow | $359.00M | - | - | - | $134.00M | - | - | - | $95.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 32.6% | - | 25.9% | 25.4% | 25.4% | - | 22.9% | 21.2% | 20.2% | - |
| EBITDA margin | 35.8% | - | 29.4% | 28.7% | 29.0% | - | 26.6% | 24.8% | 23.9% | - |
| Net margin | 25.1% | - | 18.4% | 19.8% | 17.7% | - | 18.1% | 14.1% | 13.3% | - |
| Free cash flow margin | 15.5% | - | - | - | 6.9% | - | - | - | 5.2% | - |
| FCF / Net income | 0.62 | - | - | - | 0.39 | - | - | - | 0.39 | - |
| R&D / Revenue | 0.4% | - | 0.5% | 0.4% | 0.4% | - | 0.5% | 0.4% | 0.5% | - |
| SG&A / Revenue | 4.8% | - | 4.8% | 4.3% | 4.4% | - | 4.6% | 5.2% | 4.8% | - |
| Effective tax rate | 18.1% | - | 22.2% | 13.2% | 22.9% | - | 6.2% | 20.4% | 19.8% | - |
| Return on assets | 4.4% | - | 3.4% | 3.7% | 3.2% | - | 3.1% | 2.5% | 2.3% | - |
| Return on equity | 10.5% | - | 7.5% | 8.1% | 7.2% | - | 7.4% | 6.2% | 5.9% | - |
| Return on invested capital | 6.4% | - | 5.1% | 5.5% | 4.7% | - | 5.0% | 4.4% | 3.9% | - |
| Liquidity | ||||||||||
| Current ratio | 2.44 | 2.13 | 2.35 | 2.31 | 2.30 | 2.17 | 2.24 | 1.53 | 1.97 | 1.86 |
| Quick ratio | 1.59 | 1.09 | 1.14 | 1.08 | 1.07 | 0.98 | 0.98 | 0.74 | 0.92 | 0.87 |
| Cash ratio | 1.05 | 0.42 | 0.41 | 0.34 | 0.35 | 0.36 | 0.31 | 0.32 | 0.31 | 0.34 |
| Leverage | ||||||||||
| Debt / Equity | 0.73 | 0.53 | 0.62 | 0.65 | 0.69 | 0.73 | 0.75 | 0.67 | 0.85 | 0.87 |
| Debt / Assets | 0.31 | 0.26 | 0.29 | 0.29 | 0.31 | 0.31 | 0.32 | 0.27 | 0.33 | 0.34 |
| Debt / EBITDA | 4.90 | - | 5.19 | 5.51 | 5.89 | - | 6.94 | 6.16 | 8.00 | - |
| Interest coverage | - | - | - | - | - | - | - | 8.1x | 7.5x | - |
| Equity multiplier | 2.37 | 2.09 | 2.17 | 2.19 | 2.25 | 2.31 | 2.34 | 2.50 | 2.55 | 2.58 |
| Liabilities / Assets | 0.58 | 0.52 | 0.54 | 0.54 | 0.56 | 0.57 | 0.57 | 0.60 | 0.61 | 0.61 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.19 | 0.19 | 0.18 | - | 0.17 | 0.18 | 0.18 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 148d | - | 154d | 158d | 167d | - | 151d | 145d | 157d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 160.0x | - | 206.6x | 186.1x | 154.4x | - | 123.8x | 119.4x | 116.0x | - |
| P / B | 16.8x | - | 15.5x | 15.0x | 11.0x | - | 9.1x | 7.5x | 6.9x | - |
| P / S | 40.2x | - | 38.0x | 36.8x | 27.2x | - | 22.4x | 17.0x | 15.5x | - |
| EV / EBITDA | 114.3x | - | 133.6x | 132.7x | 98.7x | - | 90.0x | 72.9x | 71.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.1% | - | 13.8% | 9.2% | 6.5% | - | 10.7% | 14.1% | 13.8% | - |
| Revenue CAGR (3y) | 13.0% | - | 13.4% | 13.8% | 13.6% | - | 12.7% | 16.3% | 14.7% | - |
| Revenue CAGR (5y) | 13.9% | - | 13.0% | 10.4% | -9.6% | - | -12.4% | -12.6% | -12.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 52.4% | - | 28.7% | 30.9% | 33.9% | - | 37.1% | 39.6% | 29.5% | - |
| Net income growth (YoY) | 68.6% | - | 16.0% | 53.0% | 41.6% | - | 76.6% | 37.8% | 64.2% | - |
| EPS growth (YoY) | 71.4% | - | 17.3% | 53.8% | 42.4% | - | 80.0% | 41.3% | 68.6% | - |
| EPS CAGR (3y) | 60.2% | - | 71.0% | 41.9% | 67.1% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | 11.4% | - | 31.0% | - | 8.6% | - |
| FCF growth (YoY) | 167.9% | - | - | - | 41.1% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 15.2% | 17.5% | 14.2% | 17.9% | 17.3% | 12.8% | 16.3% | 13.3% | 8.6% | 12.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$8.25B totalEngine Products Segment$4.32B · 52.4%
Fastening Systems$1.75B · 21.1%
Engineered Structures$1.15B · 13.9%
Forged Wheels$1.04B · 12.6%
Product / service
$4.53B totalAerospace Commercial$2.35B · 52.0%
Gas Turbines$944.00M · 20.8%
Aerospace Defense$900.00M · 19.9%
Commercial Transportation$209.00M · 4.6%
Product And Service Other$121.00M · 2.7%
Geographic
$8.25B totalUS$4.38B · 53.0%
Other Geographical Regions$1.02B · 12.4%
FR$625.00M · 7.6%
JP$513.00M · 6.2%
DE$439.00M · 5.3%
GB$376.00M · 4.6%
IT$264.00M · 3.2%
CA$187.00M · 2.3%
MX$166.00M · 2.0%
PL$150.00M · 1.8%
CN$130.00M · 1.6%
Peer comparison
Same SIC group: Rolling Drawing & Extruding of Nonferrous Metals
Comparing Howmet Aerospace Inc. against the 5 most active filers in the same SIC group.
Dividends
$0.48/share trailing 12 months · +33.3% YoY
| Ex-date | Per share |
|---|---|
| May 8, 2026 | $0.1200 |
| Feb 6, 2026 | $0.1200 |
| Nov 7, 2025 | $0.1200 |
| Aug 8, 2025 | $0.1200 |
| May 9, 2025 | $0.1000 |
| Feb 7, 2025 | $0.1000 |
| Nov 8, 2024 | $0.0800 |
| Aug 9, 2024 | $0.0800 |
| May 9, 2024 | $0.0500 |
| Feb 8, 2024 | $0.0500 |
| Nov 9, 2023 | $0.0500 |
| Aug 3, 2023 | $0.0400 |
| May 4, 2023 | $0.0400 |
| Feb 9, 2023 | $0.0400 |
| Nov 3, 2022 | $0.0400 |
| Aug 4, 2022 | $0.0200 |
| May 5, 2022 | $0.0200 |
| Feb 3, 2022 | $0.0200 |
| Nov 4, 2021 | $0.0200 |
| Aug 5, 2021 | $0.0200 |
| Feb 6, 2020 | $0.0153 |
| Nov 7, 2019 | $0.0153 |
| Aug 1, 2019 | $0.0153 |
| May 2, 2019 | $0.0153 |