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HWM logoHowmet Aerospace Inc.(HWM)Earnings, Financials & Key Ratios

HWM•NYSE
$242.69
$97.3B mkt cap·65.4× P/E·Price updated May 6, 2026
SectorIndustrialsIndustryIndustrial MachinerySub-IndustryEngines and power generation equipment
AboutHowmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating parts, as well as structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners. The Engineered Structures segment provides titanium ingots and mill products for aerospace and defense applications; and aluminum and nickel forgings, and machined components and assemblies. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. The company was founded in 1888 and is based in Pittsburgh, Pennsylvania.Show more
  • Revenue$8.25B+11.1%
  • EBITDA$2.41B+23.8%
  • Net Income$1.51B+30.6%
  • EPS (Diluted)3.71+32.0%
  • Gross Margin30.74%+11.3%
  • EBITDA Margin29.24%+11.5%
  • Operating Margin25.81%+14.7%
  • Net Margin18.27%+17.6%
  • ROE30.44%+13.2%
  • ROIC21.13%+24.0%
  • Debt/Equity0.57-25.2%
  • Interest Coverage14.11+53.5%
Analysis→Technical→

HWM Key Insights

Howmet Aerospace Inc. (HWM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 25.8%
  • ✓Strong 5Y profit CAGR of 48.2%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 17.3% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 11.8%

✗Weaknesses

  • ✗Expensive at 18.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

HWM Price & Volume

Howmet Aerospace Inc. (HWM) stock price & volume — 10-year historical chart

Loading chart...

HWM Growth Metrics

Howmet Aerospace Inc. (HWM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-3.98%
5 Years9.43%
3 Years13.37%
TTM11.06%

Profit CAGR

10 Years-
5 Years48.19%
3 Years47.6%
TTM30.56%

EPS CAGR

10 Years-
5 Years50.53%
3 Years49.51%
TTM31.56%

Return on Capital

10 Years11.49%
5 Years15.47%
3 Years18.82%
Last Year23.18%

HWM Recent Earnings

Howmet Aerospace Inc. (HWM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q1 2026Latest
Feb 12, 2026
EPS
$1.05
Est $0.96
+8.8%
Revenue
$2.2B
Est $2.1B
+2.1%
Q4 2025
Oct 30, 2025
EPS
$0.95
Est $0.91
+4.4%
Revenue
$2.1B
Est $2.0B
+2.3%
Q3 2025
Jul 31, 2025
EPS
$0.91
Est $0.87
+4.4%
Revenue
$2.1B
Est $2.0B
+2.3%
Q2 2025
May 1, 2025
EPS
$0.86
Est $0.78
+10.8%
Revenue
$1.9B
Est $1.9B
+0.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 12, 2026
$1.05vs $0.96+8.8%
$2.2Bvs $2.1B+2.1%
Q4 2025Oct 30, 2025
$0.95vs $0.91+4.4%
$2.1Bvs $2.0B+2.3%
Q3 2025Jul 31, 2025
$0.91vs $0.87+4.4%
$2.1Bvs $2.0B+2.3%
Q2 2025May 1, 2025
$0.86vs $0.78+10.8%
$1.9Bvs $1.9B+0.0%
Based on last 12 quarters of dataView full earnings history →

HWM Peer Comparison

Howmet Aerospace Inc. (HWM) competitors in Engines and power generation equipment — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TDG logoTDGTransDigm Group IncorporatedDirect Competitor67.28B1191.3337.1411.22%21.59%2.7%
CW logoCWCurtiss-Wright CorporationDirect Competitor27.05B728.9556.6412.08%13.78%18.39%2.05%0.52
KTOS logoKTOSKratos Defense & Security Solutions, Inc.Direct Competitor10.02B59.31456.2318.52%1.63%1.1%0.09
ATI logoATIATI Inc.Product Competitor21.27B155.3554.515.16%9.26%22.73%1.57%1.02
DRS logoDRSLeonardo DRS, Inc.Product Competitor10.56B39.7038.5412.8%7.85%10.79%2.15%0.17
WWD logoWWDWoodward, Inc.Product Competitor21.8B365.7150.867.3%12.85%20.25%1.56%0.28
GE logoGEGE AerospaceSupply Chain299.53B286.6835.1318.48%17.91%45.85%2.43%1.08
RTX logoRTXRTX CorporationSupply Chain232.8B172.8734.859.74%8.03%10.92%3.41%0.59

Compare HWM vs Peers

Howmet Aerospace Inc. (HWM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TDG

Most directly comparable listed peer for HWM.

Scale Benchmark

vs GE

Larger-name benchmark to compare HWM against a more recognizable public peer.

Peer Set

Compare Top 5

vs TDG, CW, KTOS, ATI

HWM Income Statement

Howmet Aerospace Inc. (HWM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue12.96B14.02B7.1B5.26B4.97B5.66B6.64B7.43B8.25B
Revenue Growth %4.59%8.18%-49.38%-25.91%-5.46%13.9%17.25%11.9%11.06%
Cost of Goods Sold10.77B11.97B5.48B4.12B3.84B4.31B5.03B5.38B5.71B
COGS % of Revenue83.1%85.36%77.25%78.27%77.19%76.09%75.69%72.38%69.26%
Gross Profit
2.19B▲ 0%
2.05B▼ 6.3%
1.61B▼ 21.3%
1.14B▼ 29.2%
1.13B▼ 0.8%
1.35B▲ 19.4%
1.61B▲ 19.2%
2.05B▲ 27.1%
2.54B▲ 23.6%
Gross Margin %16.9%14.64%22.75%21.73%22.81%23.91%24.31%27.62%30.74%
Gross Profit Growth %4.58%-6.3%-21.33%-29.23%-0.79%19.4%19.2%27.14%23.64%
Operating Expenses824M707M428M294M268M320M369M380M407M
OpEx % of Revenue6.36%5.04%6.03%5.59%5.39%5.65%5.56%5.11%4.93%
Selling, General & Admin715M604M400M277M251M288M333M362M370M
SG&A % of Revenue5.52%4.31%5.64%5.27%5.05%5.09%5.02%4.87%4.48%
Research & Development109M103M28M17M17M32M36M33M37M
R&D % of Revenue0.84%0.73%0.39%0.32%0.34%0.57%0.54%0.44%0.45%
Other Operating Expenses0000000-15M0
Operating Income
1.37B▲ 0%
1.35B▼ 1.5%
1.19B▼ 11.8%
849M▼ 28.5%
866M▲ 2.0%
1.03B▲ 19.4%
1.25B▲ 20.4%
1.67B▲ 34.3%
2.13B▲ 27.4%
Operating Margin %10.55%9.6%16.72%16.14%17.42%18.26%18.75%22.5%25.81%
Operating Income Growth %12.6%-1.54%-11.81%-28.48%2%19.4%20.41%34.3%27.39%
EBITDA1.92B1.92B1.48B1.13B1.14B1.3B1.52B1.95B2.41B
EBITDA Margin %14.8%13.71%20.88%21.45%22.85%22.94%22.85%26.23%29.24%
EBITDA Growth %9.66%0.21%-22.89%-23.89%0.71%14.35%16.78%28.48%23.81%
D&A (Non-Cash Add-back)551M576M295M279M270M265M272M277M283M
EBIT966M1.24B548M552M583M835M1.19B1.56B2.13B
Net Interest Income-477M-353M-314M-376M-257M-223M-195M-162M-151M
Interest Income19M23M24M5M2M6M23M20M0
Interest Expense496M376M338M381M259M229M218M182M151M
Other Income/Expense-897M-478M-977M-678M-542M-428M-270M-289M-290M
Pretax Income
470M▲ 0%
868M▲ 84.7%
210M▼ 75.8%
171M▼ 18.6%
324M▲ 89.5%
606M▲ 87.0%
975M▲ 60.9%
1.38B▲ 41.8%
1.84B▲ 33.0%
Pretax Margin %3.63%6.19%2.96%3.25%6.52%10.7%14.68%18.61%22.3%
Income Tax544M226M84M-40M66M137M210M228M332M
Effective Tax Rate %115.74%26.04%40%-23.39%20.37%22.61%21.54%16.49%18.04%
Net Income
-74M▲ 0%
642M▲ 967.6%
470M▼ 26.8%
211M▼ 55.1%
258M▲ 22.3%
469M▲ 81.8%
765M▲ 63.1%
1.16B▲ 51.0%
1.51B▲ 30.6%
Net Margin %-0.57%4.58%6.62%4.01%5.19%8.28%11.52%15.55%18.27%
Net Income Growth %92.14%967.57%-26.79%-55.11%22.27%81.78%63.11%50.98%30.56%
Net Income (Continuing)-74M642M126M211M258M469M765M1.16B1.51B
Discontinued Operations00344M000000
Minority Interest14M12M14M000000
EPS (Diluted)
-0.16▲ 0%
1.28▲ 900.0%
1.02▼ 20.3%
0.48▼ 52.9%
0.59▲ 22.9%
1.11▲ 88.1%
1.83▲ 64.9%
2.81▲ 53.6%
3.71▲ 32.0%
EPS Growth %92.49%900%-20.31%-52.94%22.92%88.14%64.86%53.55%32.03%
EPS (Basic)-0.151.351.080.480.601.121.852.833.73
Diluted Shares Outstanding451M503M463M439M435M421M416M410M406M
Basic Shares Outstanding481.67M477.12M434.4M435.13M429.83M416.04M412.17M408M404M
Dividend Payout Ratio-18.54%12.13%5.21%6.59%8.96%9.28%9.26%12%

HWM Balance Sheet

Howmet Aerospace Inc. (HWM) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets6.38B6.58B5.84B3.67B2.74B3.14B3.32B3.36B3.78B
Cash & Short-Term Investments2.15B2.28B1.58B1.61B720M791M610M564M742M
Cash Only2.15B2.28B1.58B1.61B720M791M610M564M742M
Short-Term Investments000000000
Accounts Receivable1.37B1.5B932M357M420M537M692M709M796M
Days Sales Outstanding38.6938.9947.9324.7830.8334.6138.0434.8335.21
Inventory2.48B2.49B1.61B1.49B1.4B1.61B1.76B1.84B1.85B
Days Inventory Outstanding84.0475.99106.98131.95133.33136.29128.18124.88118.09
Other Current Assets001.44B00206M249M249M392M
Total Non-Current Assets12.34B12.11B11.74B7.77B7.48B7.11B7.11B7.16B7.4B
Property, Plant & Equipment5.59B5.7B5.46B2.59B2.47B2.33B2.46B2.54B2.59B
Fixed Asset Turnover2.32x2.46x1.30x2.03x2.02x2.43x2.70x2.92x3.18x
Goodwill4.54B4.5B4.49B4.1B4.07B4.01B4.04B4.01B4.02B
Intangible Assets987M919M658M571M549M521M505M475M457M
Long-Term Investments000000000
Other Non-Current Assets481M416M514M234M215M192M70M96M288M
Total Assets
18.72B▲ 0%
18.69B▼ 0.1%
17.58B▼ 6.0%
11.45B▼ 34.9%
10.22B▼ 10.7%
10.26B▲ 0.4%
10.43B▲ 1.7%
10.52B▲ 0.9%
11.18B▲ 6.3%
Asset Turnover0.69x0.75x0.40x0.46x0.49x0.55x0.64x0.71x0.74x
Asset Growth %-6.6%-0.13%-5.96%-34.88%-10.72%0.35%1.69%0.87%6.27%
Total Current Liabilities2.82B3.52B4.13B1.66B1.25B1.48B1.78B1.55B1.77B
Accounts Payable1.84B2.13B976M599M732M962M982M948M845M
Days Payables Outstanding62.3264.9264.9753.1269.6181.4971.3264.3453.97
Short-Term Debt38M434M1.03B376M5M0206M6M191M
Deferred Revenue (Current)00000000147M
Other Current Liabilities748M726M1.87B456M348M365M431M439M168M
Current Ratio2.26x1.87x1.42x2.21x2.18x2.12x1.86x2.17x2.13x
Quick Ratio1.38x1.16x1.03x1.32x1.07x1.04x0.87x0.98x1.09x
Cash Conversion Cycle60.4150.0689.93103.6194.5589.4294.995.3799.33
Total Non-Current Liabilities10.97B9.59B8.83B6.21B5.46B5.17B4.61B4.42B4.05B
Long-Term Debt6.81B5.9B4.91B4.7B4.23B4.16B3.5B3.31B2.86B
Capital Lease Obligations00194M100M81M83M97M119M0
Deferred Tax Liabilities000000000
Other Non-Current Liabilities4.16B3.69B3.73B1.41B1.15B927M1.01B988M1.2B
Total Liabilities13.79B13.11B12.96B7.87B6.71B6.65B6.39B5.96B5.83B
Total Debt6.84B6.33B6.21B5.21B4.35B4.28B3.83B3.47B3.05B
Net Debt4.69B4.05B4.63B3.6B3.63B3.49B3.23B2.91B2.31B
Debt / Equity1.39x1.13x1.34x1.46x1.24x1.19x0.95x0.76x0.57x
Debt / EBITDA3.57x3.29x4.19x4.62x3.83x3.29x2.53x1.78x1.26x
Net Debt / EBITDA2.45x2.11x3.12x3.19x3.19x2.68x2.13x1.49x0.96x
Interest Coverage2.76x3.58x3.51x2.23x3.34x4.52x5.71x9.19x14.11x
Total Equity
4.92B▲ 0%
5.58B▲ 13.4%
4.62B▼ 17.3%
3.58B▼ 22.5%
3.51B▼ 2.0%
3.6B▲ 2.7%
4.04B▲ 12.1%
4.55B▲ 12.8%
5.35B▲ 17.5%
Equity Growth %-4.61%13.42%-17.26%-22.53%-2.01%2.65%12.11%12.81%17.54%
Book Value per Share10.9211.109.988.158.068.559.7011.1113.18
Total Shareholders' Equity4.91B5.57B4.61B3.58B3.51B3.6B4.04B4.55B5.35B
Common Stock481M483M433M433M422M412M410M405M402M
Retained Earnings-1.25B-358M129M364M603M1.03B1.72B2.77B4.09B
Treasury Stock000000000
Accumulated OCI-2.64B-2.93B-3.33B-1.94B-1.86B-1.84B-1.83B-1.88B-1.67B
Minority Interest14M12M14M000000

HWM Cash Flow Statement

Howmet Aerospace Inc. (HWM) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations701M217M461M9M449M733M901M1.3B1.88B
Operating CF Margin %5.41%1.55%6.49%0.17%9.03%12.94%13.57%17.47%22.83%
Operating CF Growth %-19.7%-69.04%112.44%-98.05%4888.89%63.25%22.92%44.06%45.15%
Net Income-74M642M470M261M258M469M765M1.16B0
Depreciation & Amortization974M576M295M280M270M265M272M277M0
Stock-Based Compensation67M50M69M46M41M54M50M63M0
Deferred Taxes434M31M-19M2M38M79M108M55M0
Other Non-Cash Items-84M-74M774M82M187M69M51M93M2.05B
Working Capital Changes-616M-1.01B-1.13B-662M-345M-203M-345M-345M-168M
Change in Receivables-463M-1.38B-1.07B-453M-508M-161M-189M-57M-109M
Change in Inventory-192M-74M-3M74M60M-234M-142M-106M-50M
Change in Payables62M339M-56M-381M144M246M-7M-49M-73M
Cash from Investing540M565M528M271M107M-135M-215M-316M-438M
Capital Expenditures-596M-768M-586M-267M-199M-193M-219M-321M-453M
CapEx % of Revenue4.6%5.48%8.26%5.08%4%3.41%3.3%4.32%5.49%
Acquisitions596M000058M0-5M9M
Investments---------
Other Investing-348M1.32B1.04B538M300M02M10M0
Cash from Financing-963M-649M-1.57B-369M-1.44B-526M-868M-1.03B-1.27B
Debt Issued (Net)-820M-510M-404M342M-847M-74M-476M-365M-270M
Equity Issued (Net)1000K1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Dividends Paid-162M-119M-57M-11M-19M-44M-73M-109M-181M
Share Repurchases00-1.15B-73M-430M-400M-250M-500M-755M
Other Financing-31M-36M-13M-627M-148M-8M-69M-52M-64M
Net Change in Cash
287M▲ 0%
129M▼ 55.1%
-579M▼ 548.8%
-92M▲ 84.1%
-889M▼ 866.3%
70M▲ 107.9%
-182M▼ 360.0%
-45M▲ 75.3%
177M▲ 493.3%
Free Cash Flow
105M▲ 0%
-551M▼ 624.8%
-180M▲ 67.3%
-258M▼ 43.3%
250M▲ 196.9%
540M▲ 116.0%
682M▲ 26.3%
977M▲ 43.3%
1.43B▲ 46.5%
FCF Margin %0.81%-3.93%-2.54%-4.91%5.03%9.54%10.27%13.15%17.34%
FCF Growth %141.67%-624.76%67.33%-43.33%196.9%116%26.3%43.26%46.47%
FCF per Share0.23-1.10-0.39-0.590.571.281.642.383.52
FCF Conversion (FCF/Net Income)-9.47x0.34x0.98x0.04x1.74x1.56x1.18x1.12x1.25x
Interest Paid000000000
Taxes Paid000000000

HWM Key Ratios

Howmet Aerospace Inc. (HWM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-9.75%-1.47%12.22%9.21%5.15%7.28%13.19%20.03%26.89%30.44%
Return on Invested Capital (ROIC)5.52%9.76%10.48%9.43%7.75%9.07%10.91%13.01%17.03%21.13%
Gross Margin16.9%16.9%14.64%22.75%21.73%22.81%23.91%24.31%27.62%30.74%
Net Margin-7.59%-0.57%4.58%6.62%4.01%5.19%8.28%11.52%15.55%18.27%
Debt / Equity1.57x1.39x1.13x1.34x1.46x1.24x1.19x0.95x0.76x0.57x
Interest Coverage2.39x2.76x3.58x3.51x2.23x3.34x4.52x5.71x9.19x14.11x
FCF Conversion-0.93x-9.47x0.34x0.98x0.04x1.74x1.56x1.18x1.12x1.25x
Revenue Growth0.01%4.59%8.18%-49.38%-25.91%-5.46%13.9%17.25%11.9%11.06%

HWM SEC Filings & Documents

Howmet Aerospace Inc. (HWM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 6, 2026·SEC

Material company update

Apr 6, 2026·SEC

Material company update

Mar 10, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 1, 2025·SEC

HWM Frequently Asked Questions

Howmet Aerospace Inc. (HWM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Howmet Aerospace Inc. (HWM) reported $8.25B in revenue for fiscal year 2025. This represents a 34% decrease from $12.54B in 2014.

Howmet Aerospace Inc. (HWM) grew revenue by 11.1% over the past year. This is steady growth.

Yes, Howmet Aerospace Inc. (HWM) is profitable, generating $1.51B in net income for fiscal year 2025 (18.3% net margin).

Dividend & Returns

Yes, Howmet Aerospace Inc. (HWM) pays a dividend with a yield of 0.18%. This makes it attractive for income-focused investors.

Howmet Aerospace Inc. (HWM) has a return on equity (ROE) of 30.4%. This is excellent, indicating efficient use of shareholder capital.

Howmet Aerospace Inc. (HWM) generated $1.21B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More HWM

Howmet Aerospace Inc. (HWM) financial analysis — history, returns, DCA and operating performance tools

Full HWM Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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