Technology · Aerospace & Defense

Howmet Aerospace Inc.

NYSEHWM ISINUS4432011082 SEC CIK0000004281 Listed on NYSE · USD

$223.57 -0.44 (-0.20%) Pre-market $222.02 (-0.88%) ≈ ₹20,982 a share

Open chart

Price, last 12 months+8.39% in a year

Key numbers

Market value: $88.90B
P/E (TTM): 43.8
Forward P/E: 37.5
EPS (TTM): $5.10
Dividend yield: 0.25%
Beta: 1.29
Day range: $220.85 – $224.28
52-week range: $183.52 – $310.00
Volume: 432,715
10-day avg volume: $4.64M
Revenue (TTM): $9.73B
EBITDA (TTM): $3.05B
Gross margin: 36.6%
Net margin: 21.1%
Return on equity: 37.8%
Debt / equity: 77.1%
Price / sales: 9.14
Shares out: 397.66M

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$1.73B$326.00M$236.00M

Dec 23

$1.82B$369.00M$243.00M

Mar 24

$1.88B$398.00M$266.00M

Jun 24

$1.84B$421.00M$332.00M

Sep 24

$1.89B$445.00M$314.00M

Dec 24

$1.94B$494.00M$344.00M

Mar 25

$2.05B$521.00M$407.00M

Jun 25

$2.09B$542.00M$385.00M

Sep 25

$2.17B$489.00M$372.00M

Dec 25

$2.31B$753.00M$580.00M

Mar 26

$2.55B$711.00M$534.00M

Jun 26

$2.70B$777.00M$567.00M

Sep 26

Revenue · QoQ (vs last quarter)

—+5.4%+3.1%-2.4%+3.1%+2.7%+5.7%+1.8%+3.8%+6.7%+10%+6.1%

Revenue · YoY (vs a year ago)

————+9.2%+6.5%+9.2%+14%+15%+19%+24%+29%

Net income · QoQ (vs last quarter)

—+3.0%+9.5%+25%-5.4%+9.6%+18%-5.4%-3.4%+56%-7.9%+6.2%

Net income · YoY (vs a year ago)

————+33%+42%+53%+16%+18%+69%+31%+47%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$1.73B	$1.82B	$1.88B	$1.84B	$1.89B	$1.94B	$2.05B	$2.09B	$2.17B	$2.31B	$2.55B	$2.70B
Research & development	$9.00M	$10.00M	$7.00M	$9.00M	$7.00M	$8.00M	$9.00M	$10.00M	$10.00M	$9.00M	$8.00M	$11.00M
Selling, general & admin	$83.00M	$88.00M	$97.00M	$85.00M	$77.00M	$85.00M	$89.00M	$100.00M	$96.00M	$111.00M	$148.00M	$120.00M
Operating income	$326.00M	$369.00M	$398.00M	$421.00M	$445.00M	$494.00M	$521.00M	$542.00M	$489.00M	$753.00M	$711.00M	$777.00M
Operating margin	18.8%	20.2%	21.2%	22.9%	23.5%	25.4%	25.4%	25.9%	22.6%	32.6%	27.9%	28.7%
Interest expense	$52.00M	$49.00M	$49.00M	—	—	—	—	—	—	—	—	—
Pre-tax income	$270.00M	$303.00M	$334.00M	$354.00M	$392.00M	$446.00M	$469.00M	$495.00M	$430.00M	$708.00M	$649.00M	$721.00M
Income tax	$34.00M	$60.00M	$68.00M	$22.00M	$78.00M	$102.00M	$62.00M	$110.00M	$58.00M	$128.00M	$115.00M	$154.00M
Net income	$236.00M	$243.00M	$266.00M	$332.00M	$314.00M	$344.00M	$407.00M	$385.00M	$372.00M	$580.00M	$534.00M	$567.00M
Net margin	13.6%	13.3%	14.1%	18.1%	16.6%	17.7%	19.8%	18.4%	17.2%	25.1%	21.0%	21.0%
EPS (diluted)	—	$0.59	$0.65	$0.81	—	$0.84	$1.00	$0.95	—	$1.44	$1.33	$1.42

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$6.78B$642.00M

FY18

$7.10B$470.00M

FY19

$5.26B$261.00M

FY20

$4.97B$258.00M

FY21

$5.66B$469.00M

FY22

$6.64B$765.00M

FY23

$7.43B$1.16B

FY24

$8.25B$1.51B

FY25

Revenue · YoY (vs a year ago)

—+4.7%-26%-5.5%+14%+17%+12%+11%

Net income · YoY (vs a year ago)

—-27%-44%-1.1%+82%+63%+51%+31%

RevenueGross profitNet incomeLine = trend

$1.30

FY18

$1.03

FY19

FY20

$0.59

FY21

$1.11

FY22

$1.83

FY23

$2.81

FY24

$3.71

FY25

EPS (diluted) · YoY (vs a year ago)

—-21%——+88%+65%+54%+32%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.78B	$7.10B	$5.26B	$4.97B	$5.66B	$6.64B	$7.43B	$8.25B
Revenue growth	—	4.7%	-25.9%	-5.5%	13.9%	17.3%	11.9%	11.1%
Research & development	$41.00M	$28.00M	$17.00M	$17.00M	$32.00M	$36.00M	$33.00M	$37.00M
Selling, general & admin	$371.00M	$400.00M	$277.00M	$251.00M	$288.00M	$333.00M	$347.00M	$370.00M
Operating income	$775.00M	$579.00M	$626.00M	$748.00M	$919.00M	$1.20B	$1.63B	$2.05B
Operating margin	11.4%	8.2%	11.9%	15.0%	16.2%	18.1%	22.0%	24.8%
Depreciation & amortisation	$576.00M	$536.00M	$338.00M	$270.00M	$265.00M	$272.00M	$277.00M	$283.00M
Interest expense	$377.00M	$338.00M	$317.00M	$259.00M	$229.00M	$218.00M	—	—
Pre-tax income	$428.00M	$210.00M	$171.00M	$324.00M	$606.00M	$975.00M	$1.38B	$1.84B
Income tax	$119.00M	$84.00M	$-40.00M	$66.00M	$137.00M	$210.00M	$228.00M	$332.00M
Tax rate	27.8%	40.0%	-23.4%	20.4%	22.6%	21.5%	16.5%	18.0%
Net income	$642.00M	$470.00M	$261.00M	$258.00M	$469.00M	$765.00M	$1.16B	$1.51B
Net margin	9.5%	6.6%	5.0%	5.2%	8.3%	11.5%	15.5%	18.3%
EPS (diluted)	$1.30	$1.03	—	$0.59	$1.11	$1.83	$2.81	$3.71

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$5.57B$6.30B$2.28B

FY18

$4.59B$5.94B$1.58B

FY19

$3.58B$5.08B$1.61B

FY20

$3.51B$4.23B$720.00M

FY21

$3.60B$4.16B$791.00M

FY22

$4.04B$3.71B$610.00M

FY23

$4.55B$3.32B$564.00M

FY24

$5.35B$3.05B$742.00M

FY25

Shareholders' equity · YoY (vs a year ago)

—-18%-22%-1.9%+2.7%+12%+13%+18%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$2.28B	$1.58B	$1.61B	$720.00M	$791.00M	$610.00M	$564.00M	$742.00M
Current assets	$6.58B	$5.84B	$3.67B	$2.74B	$3.14B	$3.32B	$3.36B	$3.78B
Total assets	$18.69B	$17.56B	$11.44B	$10.22B	$10.26B	$10.43B	$10.52B	$11.18B
Current liabilities	$3.52B	$4.13B	$1.66B	$1.25B	$1.48B	$1.78B	$1.55B	$1.77B
Long-term debt	$5.90B	$4.91B	$4.70B	$4.23B	$4.16B	$3.50B	$3.31B	$2.86B
Short-term debt	$405.00M	$1.03B	$376.00M	$5.00M	$0	$206.00M	$6.00M	$191.00M
Total debt	$6.30B	$5.94B	$5.08B	$4.23B	$4.16B	$3.71B	$3.32B	$3.05B
Total liabilities	$13.11B	$12.96B	$7.87B	$6.71B	$6.65B	$6.39B	$5.97B	$5.83B
Shareholders' equity	$5.57B	$4.59B	$3.58B	$3.51B	$3.60B	$4.04B	$4.55B	$5.35B
Current ratio	1.87	1.42	2.21	2.18	2.12	1.86	2.17	2.13
Debt / equity	1.13	1.29	1.42	1.21	1.16	0.92	0.73	0.57
Return on equity	11.5%	10.2%	7.3%	7.4%	13.0%	18.9%	25.4%	28.2%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$217.00M$-551.00M$0

FY18

$461.00M$-180.00M$1.15B

FY19

$9.00M$-258.00M$73.00M

FY20

$449.00M$250.00M$430.00M

FY21

$733.00M$540.00M$400.00M

FY22

$901.00M$682.00M$250.00M

FY23

$1.30B$977.00M$500.00M

FY24

$1.88B$1.43B$700.00M

FY25

Operating cash flow · YoY (vs a year ago)

—+112%-98%+4,889%+63%+23%+44%+45%

Free cash flow · YoY (vs a year ago)

—+67%-43%+197%+116%+26%+43%+46%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$217.00M	$461.00M	$9.00M	$449.00M	$733.00M	$901.00M	$1.30B	$1.88B
Capital spending	$-768.00M	$-641.00M	$-267.00M	$-199.00M	$-193.00M	$-219.00M	$-321.00M	$-453.00M
Free cash flow	$-551.00M	$-180.00M	$-258.00M	$250.00M	$540.00M	$682.00M	$977.00M	$1.43B
FCF margin	-8.1%	-2.5%	-4.9%	5.0%	9.5%	10.3%	13.1%	17.3%
Stock-based pay	$40.00M	$69.00M	$46.00M	$40.00M	$54.00M	$50.00M	$63.00M	$73.00M
Cash from investing	$565.00M	$528.00M	$271.00M	$107.00M	$-135.00M	$-215.00M	$-316.00M	$-438.00M
Cash from financing	$-649.00M	$-1.57B	$-369.00M	$-1.44B	$-526.00M	$-868.00M	$-1.03B	$-1.27B
Share buybacks	$0	$-1.15B	$-73.00M	$-430.00M	$-400.00M	$-250.00M	$-500.00M	$-700.00M

About

About Howmet Aerospace Inc.

Howmet Aerospace Inc. is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Howmet Aerospace Inc.
Ticker: HWM
Exchange: NYSE
ISIN: US4432011082
SEC CIK: 0000004281
Sector: Technology
Industry: Aerospace & Defense
SEC industry (SIC): Rolling Drawing & Extruding Of Nonferrous Metals (3350)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 12 Feb 2026
CEO: John C. Plant
Chair: John C. Plant
Headquarters: New York City
Address: 201 Isabella Street, Suite 200, Pittsburgh, Pa 15212-5872
Founded: 2016
Employees: 25,430
Formerly known as: Arconic Inc., Alcoa Inc.
Trades in: US dollars (USD)
Website: howmet.com

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Howmet Aerospace Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

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