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Howmet Aerospace (HWM)

NYSE Industrials Aerospace & Defense S&P 500
$205.81
+4.91 (+2.44%)
Close of Nov 06, 2026 · end-of-day data
Source: Howmet Aerospace's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$12.39B$12.96B$6.78B$7.10B$5.26B$4.97B$5.66B$6.64B$7.43B$8.25B
Cost of revenue—$10.22B$5.11B$5.21B$3.88B$3.60B$4.10B$4.77B$5.12B$5.43B
Gross profit—$2.74B$1.66B$1.88B$1.38B$1.38B$1.56B$1.87B$2.31B$2.82B
Research & development$130.00M$109.00M$41.00M$28.00M$17.00M$17.00M$32.00M$36.00M$33.00M$37.00M
Selling, general & admin$924.00M$715.00M$371.00M$400.00M$277.00M$251.00M$288.00M$333.00M$347.00M$370.00M
Operating income$954.00M$480.00M$775.00M$579.00M$626.00M$748.00M$919.00M$1.20B$1.63B$2.05B
Interest expense$499.00M$496.00M$377.00M$338.00M$317.00M$259.00M$229.00M$218.00M——
Pre-tax income$414.00M$470.00M$428.00M$210.00M$171.00M$324.00M$606.00M$975.00M$1.38B$1.84B
Income tax$1.48B$544.00M$119.00M$84.00M-$40.00M$66.00M$137.00M$210.00M$228.00M$332.00M
Net income-$941.00M-$74.00M$642.00M$470.00M$261.00M$258.00M$469.00M$765.00M$1.16B$1.51B
EBITDA$2.09B$1.03B$1.35B$1.11B$964.00M$1.02B$1.18B$1.48B$1.91B$2.33B
EPS (basic)$-2.31$-0.28$1.33$1.05—$0.60$1.12$1.85$2.83$3.73
EPS (diluted)$-2.31$-0.28$1.30$1.03—$0.59$1.11$1.83$2.81$3.71
Diluted shares438.00M451.00M503.00M463.00M439.00M435.00M421.00M416.00M410.00M406.00M
Gross margin—21.1%24.6%26.5%26.3%27.7%27.5%28.1%31.1%34.2%
Operating margin7.7%3.7%11.4%8.2%11.9%15.0%16.2%18.1%22.0%24.8%
Net margin-7.6%-0.6%9.5%6.6%5.0%5.2%8.3%11.5%15.5%18.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.86B$2.15B$2.28B$1.58B$1.61B$720.00M$791.00M$610.00M$564.00M$742.00M
Receivables$974.00M$1.03B$1.05B$583.00M$328.00M$367.00M$506.00M$675.00M$689.00M$779.00M
Inventory$2.25B$2.48B$2.49B$1.61B$1.49B$1.40B$1.61B$1.76B$1.84B$1.85B
Total current assets$5.89B$6.38B$6.58B$5.84B$3.67B$2.74B$3.14B$3.32B$3.36B$3.78B
Goodwill$5.15B$4.54B$4.19B$4.07B$4.10B$4.07B$4.01B$4.04B$4.01B$4.02B
Total assets$20.04B$18.72B$18.69B$17.56B$11.44B$10.22B$10.26B$10.43B$10.52B$11.18B
Total current liabilities$2.75B$2.82B$3.52B$4.12B$1.66B$1.25B$1.48B$1.78B$1.55B$1.77B
Short-term debt$4.00M$1.00M$405.00M$1.03B$376.00M$5.00M$0$206.00M$6.00M$191.00M
Long-term debt$8.04B$6.81B$5.90B$4.91B$4.70B$4.23B$4.16B$3.50B$3.31B$2.86B
Total debt$8.05B$6.81B$6.30B$5.94B$5.08B$4.23B$4.16B$3.71B$3.31B$3.05B
Total liabilities$14.90B$13.79B$13.11B$12.96B$7.87B$6.71B$6.65B$6.39B$5.96B$5.83B
Shareholders' equity$5.12B$4.91B$5.57B$4.59B$3.58B$3.51B$3.60B$4.04B$4.55B$5.35B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$95.00M-$39.00M$217.00M$461.00M$9.00M$449.00M$733.00M$901.00M$1.30B$1.88B
Capital expenditures$1.12B$596.00M$768.00M$641.00M$267.00M$199.00M$193.00M$219.00M$321.00M$453.00M
Free cash flow-$1.03B-$635.00M-$551.00M-$180.00M-$258.00M$250.00M$540.00M$682.00M$977.00M$1.43B
Investing cash flow$591.00M$1.32B$565.00M$528.00M$271.00M$107.00M-$135.00M-$215.00M-$316.00M-$438.00M
Financing cash flow-$757.00M-$1.01B-$649.00M-$1.57B-$369.00M-$1.44B-$526.00M-$868.00M-$1.03B-$1.27B
Share buybacks—$0$0$1.15B$73.00M$430.00M$400.00M$250.00M$500.00M$700.00M
Stock-based compensation$76.00M$54.00M$40.00M$69.00M$46.00M$40.00M$54.00M$50.00M$63.00M$73.00M
Depreciation & amortization$1.13B$551.00M$576.00M$536.00M$338.00M$270.00M$265.00M$272.00M$277.00M$283.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.