Howmet Aerospace Inc. (HWM) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 2.31B | 2.17B | 2.09B | 2.05B | 1.94B | 1.89B | 1.83B | 1.88B | 1.82B | 1.73B | 1.66B | 1.65B |
| Revenue Growth % | 19.1% | 14.65% | 13.84% | 9.2% | 6.47% | 9.24% | 10.68% | 14.08% | 13.79% | 14.41% | 15.7% | 18.31% |
| Cost of Goods Sold | 1.46B | 1.49B | 1.44B | 1.43B | 1.36B | 1.35B | 1.32B | 1.36B | 1.36B | 1.28B | 1.25B | 1.26B |
| COGS % of Revenue | 63.08% | 68.5% | 68.79% | 69.85% | 69.98% | 71.39% | 71.99% | 72.13% | 74.4% | 73.95% | 75.63% | 76.64% |
| Gross Profit | 854M | 683M | 652M | 619M | 583M | 541M | 514M | 524M | 467M | 451M | 404M | 385M |
| Gross Margin % | 36.92% | 31.5% | 31.21% | 30.15% | 30.02% | 28.61% | 28.01% | 27.87% | 25.6% | 26.05% | 24.37% | 23.36% |
| Gross Profit Growth % | 46.48% | 26.25% | 26.85% | 18.13% | 24.84% | 19.96% | 27.23% | 36.1% | 24.87% | 24.24% | 19.88% | 12.9% |
| Operating Expenses | 120M | 106M | 110M | 98M | 93M | 84M | 94M | 104M | 98M | 92M | 96M | 97M |
| OpEx % of Revenue | 5.19% | 4.89% | 5.27% | 4.77% | 4.79% | 4.44% | 5.12% | 5.53% | 5.37% | 5.31% | 5.79% | 5.89% |
| Selling, General & Admin | 111M | 96M | 100M | 96M | 85M | 77M | 85M | 97M | 88M | 83M | 87M | 88M |
| SG&A % of Revenue | 4.8% | 4.43% | 4.79% | 4.68% | 4.38% | 4.07% | 4.63% | 5.16% | 4.82% | 4.79% | 5.25% | 5.34% |
| Research & Development | 9M | 10M | 10M | 9M | 8M | 7M | 9M | 7M | 10M | 9M | 9M | 9M |
| R&D % of Revenue | 0.39% | 0.46% | 0.48% | 0.44% | 0.41% | 0.37% | 0.49% | 0.37% | 0.55% | 0.52% | 0.54% | 0.55% |
| Other Operating Expenses | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 734M | 577M | 542M | 521M | 490M | 457M | 420M | 420M | 369M | 359M | 308M | 288M |
| Operating Margin % | 31.73% | 26.61% | 25.95% | 25.38% | 25.23% | 24.17% | 22.89% | 22.34% | 20.23% | 20.74% | 18.58% | 17.48% |
| Operating Income Growth % | 49.8% | 26.26% | 29.05% | 24.05% | 32.79% | 27.3% | 36.36% | 45.83% | 27.24% | 23.37% | 19.84% | 15.66% |
| EBITDA | 808M | 650M | 614M | 590M | 559M | 530M | 488M | 489M | 436M | 427M | 376M | 355M |
| EBITDA Margin % | 34.93% | 29.98% | 29.39% | 28.74% | 28.78% | 28.03% | 26.59% | 26.01% | 23.9% | 24.67% | 22.68% | 21.54% |
| EBITDA Growth % | 44.54% | 22.64% | 25.82% | 20.65% | 28.21% | 24.12% | 29.79% | 37.75% | 21.45% | 19.27% | 16.77% | 12.34% |
| D&A (Non-Cash Add-back) | 74M | 73M | 72M | 69M | 69M | 73M | 68M | 69M | 67M | 68M | 68M | 67M |
| EBIT | 755M | 577M | 532M | 507M | 485M | 432M | 398M | 383M | 352M | 322M | 296M | 298M |
| Net Interest Income | -43M | -30M | -32M | -34M | -35M | -35M | -40M | -43M | -44M | -44M | -49M | -50M |
| Interest Income | 0 | 7M | 5M | 4M | 4M | 5M | 4M | 6M | 5M | 8M | 5M | 5M |
| Interest Expense | 43M | 37M | 37M | 38M | 39M | 40M | 44M | 49M | 49M | 52M | 54M | 55M |
| Other Income/Expense | -26M | -147M | -47M | -52M | -44M | -65M | -66M | -86M | -66M | -89M | -66M | -45M |
| Pretax Income | 708M | 430M | 495M | 469M | 446M | 392M | 354M | 334M | 303M | 270M | 242M | 243M |
| Pretax Margin % | 30.61% | 19.83% | 23.7% | 22.84% | 22.97% | 20.73% | 19.29% | 17.77% | 16.61% | 15.6% | 14.6% | 14.75% |
| Income Tax | 128M | 58M | 110M | 62M | 102M | 78M | 22M | 68M | 60M | 34M | 54M | 50M |
| Effective Tax Rate % | 18.08% | 13.49% | 22.22% | 13.22% | 22.87% | 19.9% | 6.21% | 20.36% | 19.8% | 12.59% | 22.31% | 20.58% |
| Net Income | 580M | 372M | 385M | 407M | 344M | 314M | 332M | 266M | 243M | 236M | 188M | 193M |
| Net Margin % | 25.08% | 17.16% | 18.43% | 19.82% | 17.71% | 16.61% | 18.09% | 14.15% | 13.32% | 13.63% | 11.34% | 11.71% |
| Net Income Growth % | 68.6% | 18.47% | 15.96% | 53.01% | 41.56% | 33.05% | 76.6% | 37.82% | 64.19% | 112.61% | 135% | 31.29% |
| Net Income (Continuing) | 580M | 372M | 385M | 407M | 344M | 314M | 332M | 266M | 243M | 236M | 188M | 193M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.44 | 0.92 | 0.95 | 1.00 | 0.84 | 0.77 | 0.81 | 0.65 | 0.59 | 0.57 | 0.45 | 0.46 |
| EPS Growth % | 71.43% | 19.48% | 17.28% | 53.85% | 42.37% | 35.09% | 80% | 41.3% | 68.57% | 119.23% | 136.84% | 31.43% |
| EPS (Basic) | 1.45 | 0.93 | 0.96 | 1.01 | 0.85 | 0.77 | 0.81 | 0.65 | 0.59 | 0.57 | 0.45 | 0.47 |
| Diluted Shares Outstanding | 403M | 404M | 405M | 407M | 407M | 408M | 410M | 411M | 412M | 413.94M | 415M | 417M |
| Basic Shares Outstanding | 401M | 402M | 403M | 405M | 405M | 406M | 408M | 408M | 410M | 411.22M | 412M | 413M |
| Dividend Payout Ratio | 8.28% | 13.44% | 12.47% | 10.07% | 11.92% | 10.51% | 10.24% | 7.89% | 8.23% | 8.9% | 9.04% | 7.77% |