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6Apr 6, 2026·SEC
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Howmet Aerospace Inc. (HWM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Howmet Aerospace Inc. (HWM) stock price & volume — 10-year historical chart
Howmet Aerospace Inc. (HWM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Howmet Aerospace Inc. (HWM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $1.05vs $0.96+8.8% | $2.2Bvs $2.1B+2.1% |
| Q4 2025 | Oct 30, 2025 | $0.95vs $0.91+4.4% | $2.1Bvs $2.0B+2.3% |
| Q3 2025 | Jul 31, 2025 | $0.91vs $0.87+4.4% | $2.1Bvs $2.0B+2.3% |
| Q2 2025 | May 1, 2025 | $0.86vs $0.78+10.8% | $1.9Bvs $1.9B+0.0% |
Howmet Aerospace Inc. (HWM) competitors in Engines and power generation equipment — business model, growth, and fundamentals comparison
Howmet Aerospace Inc. (HWM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Howmet Aerospace Inc. (HWM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 12.96B | 14.02B | 7.1B | 5.26B | 4.97B | 5.66B | 6.64B | 7.43B | 8.25B |
| Revenue Growth % | 4.59% | 8.18% | -49.38% | -25.91% | -5.46% | 13.9% | 17.25% | 11.9% | 11.06% |
| Cost of Goods Sold | 10.77B | 11.97B | 5.48B | 4.12B | 3.84B | 4.31B | 5.03B | 5.38B | 5.71B |
| COGS % of Revenue | 83.1% | 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 Expenses | 824M | 707M | 428M | 294M | 268M | 320M | 369M | 380M | 407M |
| OpEx % of Revenue | 6.36% | 5.04% | 6.03% | 5.59% | 5.39% | 5.65% | 5.56% | 5.11% | 4.93% |
| Selling, General & Admin | 715M | 604M | 400M | 277M | 251M | 288M | 333M | 362M | 370M |
| SG&A % of Revenue | 5.52% | 4.31% | 5.64% | 5.27% | 5.05% | 5.09% | 5.02% | 4.87% | 4.48% |
| Research & Development | 109M | 103M | 28M | 17M | 17M | 32M | 36M | 33M | 37M |
| R&D % of Revenue | 0.84% | 0.73% | 0.39% | 0.32% | 0.34% | 0.57% | 0.54% | 0.44% | 0.45% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15M | 0 |
| 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% |
| EBITDA | 1.92B | 1.92B | 1.48B | 1.13B | 1.14B | 1.3B | 1.52B | 1.95B | 2.41B |
| 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) | 551M | 576M | 295M | 279M | 270M | 265M | 272M | 277M | 283M |
| EBIT | 966M | 1.24B | 548M | 552M | 583M | 835M | 1.19B | 1.56B | 2.13B |
| Net Interest Income | -477M | -353M | -314M | -376M | -257M | -223M | -195M | -162M | -151M |
| Interest Income | 19M | 23M | 24M | 5M | 2M | 6M | 23M | 20M | 0 |
| Interest Expense | 496M | 376M | 338M | 381M | 259M | 229M | 218M | 182M | 151M |
| 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 Tax | 544M | 226M | 84M | -40M | 66M | 137M | 210M | 228M | 332M |
| 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) | -74M | 642M | 126M | 211M | 258M | 469M | 765M | 1.16B | 1.51B |
| Discontinued Operations | 0 | 0 | 344M | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 14M | 12M | 14M | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | -0.15 | 1.35 | 1.08 | 0.48 | 0.60 | 1.12 | 1.85 | 2.83 | 3.73 |
| Diluted Shares Outstanding | 451M | 503M | 463M | 439M | 435M | 421M | 416M | 410M | 406M |
| Basic Shares Outstanding | 481.67M | 477.12M | 434.4M | 435.13M | 429.83M | 416.04M | 412.17M | 408M | 404M |
| Dividend Payout Ratio | - | 18.54% | 12.13% | 5.21% | 6.59% | 8.96% | 9.28% | 9.26% | 12% |
Howmet Aerospace Inc. (HWM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 6.38B | 6.58B | 5.84B | 3.67B | 2.74B | 3.14B | 3.32B | 3.36B | 3.78B |
| Cash & Short-Term Investments | 2.15B | 2.28B | 1.58B | 1.61B | 720M | 791M | 610M | 564M | 742M |
| Cash Only | 2.15B | 2.28B | 1.58B | 1.61B | 720M | 791M | 610M | 564M | 742M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.37B | 1.5B | 932M | 357M | 420M | 537M | 692M | 709M | 796M |
| Days Sales Outstanding | 38.69 | 38.99 | 47.93 | 24.78 | 30.83 | 34.61 | 38.04 | 34.83 | 35.21 |
| Inventory | 2.48B | 2.49B | 1.61B | 1.49B | 1.4B | 1.61B | 1.76B | 1.84B | 1.85B |
| Days Inventory Outstanding | 84.04 | 75.99 | 106.98 | 131.95 | 133.33 | 136.29 | 128.18 | 124.88 | 118.09 |
| Other Current Assets | 0 | 0 | 1.44B | 0 | 0 | 206M | 249M | 249M | 392M |
| Total Non-Current Assets | 12.34B | 12.11B | 11.74B | 7.77B | 7.48B | 7.11B | 7.11B | 7.16B | 7.4B |
| Property, Plant & Equipment | 5.59B | 5.7B | 5.46B | 2.59B | 2.47B | 2.33B | 2.46B | 2.54B | 2.59B |
| Fixed Asset Turnover | 2.32x | 2.46x | 1.30x | 2.03x | 2.02x | 2.43x | 2.70x | 2.92x | 3.18x |
| Goodwill | 4.54B | 4.5B | 4.49B | 4.1B | 4.07B | 4.01B | 4.04B | 4.01B | 4.02B |
| Intangible Assets | 987M | 919M | 658M | 571M | 549M | 521M | 505M | 475M | 457M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 481M | 416M | 514M | 234M | 215M | 192M | 70M | 96M | 288M |
| 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 Turnover | 0.69x | 0.75x | 0.40x | 0.46x | 0.49x | 0.55x | 0.64x | 0.71x | 0.74x |
| Asset Growth % | -6.6% | -0.13% | -5.96% | -34.88% | -10.72% | 0.35% | 1.69% | 0.87% | 6.27% |
| Total Current Liabilities | 2.82B | 3.52B | 4.13B | 1.66B | 1.25B | 1.48B | 1.78B | 1.55B | 1.77B |
| Accounts Payable | 1.84B | 2.13B | 976M | 599M | 732M | 962M | 982M | 948M | 845M |
| Days Payables Outstanding | 62.32 | 64.92 | 64.97 | 53.12 | 69.61 | 81.49 | 71.32 | 64.34 | 53.97 |
| Short-Term Debt | 38M | 434M | 1.03B | 376M | 5M | 0 | 206M | 6M | 191M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147M |
| Other Current Liabilities | 748M | 726M | 1.87B | 456M | 348M | 365M | 431M | 439M | 168M |
| Current Ratio | 2.26x | 1.87x | 1.42x | 2.21x | 2.18x | 2.12x | 1.86x | 2.17x | 2.13x |
| Quick Ratio | 1.38x | 1.16x | 1.03x | 1.32x | 1.07x | 1.04x | 0.87x | 0.98x | 1.09x |
| Cash Conversion Cycle | 60.41 | 50.06 | 89.93 | 103.61 | 94.55 | 89.42 | 94.9 | 95.37 | 99.33 |
| Total Non-Current Liabilities | 10.97B | 9.59B | 8.83B | 6.21B | 5.46B | 5.17B | 4.61B | 4.42B | 4.05B |
| Long-Term Debt | 6.81B | 5.9B | 4.91B | 4.7B | 4.23B | 4.16B | 3.5B | 3.31B | 2.86B |
| Capital Lease Obligations | 0 | 0 | 194M | 100M | 81M | 83M | 97M | 119M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.16B | 3.69B | 3.73B | 1.41B | 1.15B | 927M | 1.01B | 988M | 1.2B |
| Total Liabilities | 13.79B | 13.11B | 12.96B | 7.87B | 6.71B | 6.65B | 6.39B | 5.96B | 5.83B |
| Total Debt | 6.84B | 6.33B | 6.21B | 5.21B | 4.35B | 4.28B | 3.83B | 3.47B | 3.05B |
| Net Debt | 4.69B | 4.05B | 4.63B | 3.6B | 3.63B | 3.49B | 3.23B | 2.91B | 2.31B |
| Debt / Equity | 1.39x | 1.13x | 1.34x | 1.46x | 1.24x | 1.19x | 0.95x | 0.76x | 0.57x |
| Debt / EBITDA | 3.57x | 3.29x | 4.19x | 4.62x | 3.83x | 3.29x | 2.53x | 1.78x | 1.26x |
| Net Debt / EBITDA | 2.45x | 2.11x | 3.12x | 3.19x | 3.19x | 2.68x | 2.13x | 1.49x | 0.96x |
| Interest Coverage | 2.76x | 3.58x | 3.51x | 2.23x | 3.34x | 4.52x | 5.71x | 9.19x | 14.11x |
| 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 Share | 10.92 | 11.10 | 9.98 | 8.15 | 8.06 | 8.55 | 9.70 | 11.11 | 13.18 |
| Total Shareholders' Equity | 4.91B | 5.57B | 4.61B | 3.58B | 3.51B | 3.6B | 4.04B | 4.55B | 5.35B |
| Common Stock | 481M | 483M | 433M | 433M | 422M | 412M | 410M | 405M | 402M |
| Retained Earnings | -1.25B | -358M | 129M | 364M | 603M | 1.03B | 1.72B | 2.77B | 4.09B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.64B | -2.93B | -3.33B | -1.94B | -1.86B | -1.84B | -1.83B | -1.88B | -1.67B |
| Minority Interest | 14M | 12M | 14M | 0 | 0 | 0 | 0 | 0 | 0 |
Howmet Aerospace Inc. (HWM) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 701M | 217M | 461M | 9M | 449M | 733M | 901M | 1.3B | 1.88B |
| 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 | -74M | 642M | 470M | 261M | 258M | 469M | 765M | 1.16B | 0 |
| Depreciation & Amortization | 974M | 576M | 295M | 280M | 270M | 265M | 272M | 277M | 0 |
| Stock-Based Compensation | 67M | 50M | 69M | 46M | 41M | 54M | 50M | 63M | 0 |
| Deferred Taxes | 434M | 31M | -19M | 2M | 38M | 79M | 108M | 55M | 0 |
| Other Non-Cash Items | -84M | -74M | 774M | 82M | 187M | 69M | 51M | 93M | 2.05B |
| 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 | -3M | 74M | 60M | -234M | -142M | -106M | -50M |
| Change in Payables | 62M | 339M | -56M | -381M | 144M | 246M | -7M | -49M | -73M |
| Cash from Investing | 540M | 565M | 528M | 271M | 107M | -135M | -215M | -316M | -438M |
| Capital Expenditures | -596M | -768M | -586M | -267M | -199M | -193M | -219M | -321M | -453M |
| CapEx % of Revenue | 4.6% | 5.48% | 8.26% | 5.08% | 4% | 3.41% | 3.3% | 4.32% | 5.49% |
| Acquisitions | 596M | 0 | 0 | 0 | 0 | 58M | 0 | -5M | 9M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -348M | 1.32B | 1.04B | 538M | 300M | 0 | 2M | 10M | 0 |
| Cash from Financing | -963M | -649M | -1.57B | -369M | -1.44B | -526M | -868M | -1.03B | -1.27B |
| Debt Issued (Net) | -820M | -510M | -404M | 342M | -847M | -74M | -476M | -365M | -270M |
| Equity Issued (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | -162M | -119M | -57M | -11M | -19M | -44M | -73M | -109M | -181M |
| Share Repurchases | 0 | 0 | -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 Share | 0.23 | -1.10 | -0.39 | -0.59 | 0.57 | 1.28 | 1.64 | 2.38 | 3.52 |
| FCF Conversion (FCF/Net Income) | -9.47x | 0.34x | 0.98x | 0.04x | 1.74x | 1.56x | 1.18x | 1.12x | 1.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Howmet Aerospace Inc. (HWM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 16.9% | 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 / Equity | 1.57x | 1.39x | 1.13x | 1.34x | 1.46x | 1.24x | 1.19x | 0.95x | 0.76x | 0.57x |
| Interest Coverage | 2.39x | 2.76x | 3.58x | 3.51x | 2.23x | 3.34x | 4.52x | 5.71x | 9.19x | 14.11x |
| FCF Conversion | -0.93x | -9.47x | 0.34x | 0.98x | 0.04x | 1.74x | 1.56x | 1.18x | 1.12x | 1.25x |
| Revenue Growth | 0.01% | 4.59% | 8.18% | -49.38% | -25.91% | -5.46% | 13.9% | 17.25% | 11.9% | 11.06% |
Howmet Aerospace Inc. (HWM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 6, 2026·SEC
Apr 6, 2026·SEC
Mar 10, 2026·SEC
Howmet Aerospace Inc. (HWM) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
Howmet Aerospace Inc. (HWM) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates