Company research / HWM

Howmet Aerospace Inc. (HWM)

CIK 0000004281 · NYSE · Rolling Drawing & Extruding of Nonferrous Metals

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Howmet Aerospace Inc. reported revenue of $8.25B. Revenue grew 11.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $9.12B.

Key ratios (year ended 2025-12-31)

24.8%
Operating margin
18.3%
Net margin
28.2%
Return on year-end equity
11.1%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-06

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 1-for-3, first reflected in a filing dated 2016-11-09. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$9.12B$8.25B$7.43B$6.64B$5.66B$4.97B$5.26B$7.10B$6.78B$12.96B$12.39B
R&D Expense$37.00M$37.00M$33.00M$36.00M$32.00M$17.00M$17.00M$28.00M$41.00M$109.00M$130.00M
Operating Income$2.50B$2.05B$1.63B$1.20B$919.00M$748.00M$626.00M$579.00M$775.00M$480.00M$954.00M
Depreciation & Amortization$303.00M$283.00M$277.00M$272.00M$265.00M$270.00M$338.00M$536.00M$576.00M$551.00M$1.13B
EBITDA$2.80B$2.33B$1.91B$1.48B$1.18B$1.02B$964.00M$1.11B$1.35B$1.03B$2.09B
Net Income$1.87B$1.51B$1.16B$765.00M$469.00M$258.00M$261.00M$470.00M$642.00M-$74.00M-$941.00M
EPS (Diluted)n/a$3.71$2.81$1.83$1.11$0.59n/a$1.03$1.30-$0.28-$2.31
Total Assets$13.25B$11.18B$10.52B$10.43B$10.26B$10.22B$11.44B$17.56B$18.69B$18.72B$20.04B
Total Liabilities$7.52B$5.83B$5.96B$6.39B$6.65B$6.71B$7.87B$12.96B$13.11B$13.79B$14.90B
Long-Term Debtn/a$3.05B$3.31B$3.71B$4.16B$4.23B$5.08B$5.94B$6.30B$6.81B$8.05B
Shareholders' Equity$5.73B$5.35B$4.55B$4.04B$3.60B$3.51B$3.58B$4.59B$5.57B$4.91B$5.12B
Cash & Equivalents$563.00M$742.00M$564.00M$610.00M$791.00M$720.00M$1.61B$1.58B$2.28B$2.15B$1.86B
Operating Cash Flow$2.22B$1.88B$1.30B$901.00M$733.00M$449.00M$9.00M$461.00M$217.00M-$39.00M$95.00M
Capital Expenditures$430.00M$453.00M$321.00M$219.00M$193.00M$199.00M$267.00M$641.00M$768.00M$596.00M$1.12B
Free Cash Flow$1.79B$1.43B$977.00M$682.00M$540.00M$250.00M-$258.00M-$180.00M-$551.00M-$635.00M-$1.03B
Share Repurchases$1.00B$700.00M$500.00M$250.00M$400.00M$430.00M$73.00M$1.15B$0$0n/a
Shares Outstanding400.00M401.62M405.00M410.00M412.00M422.00M433.00M433.00M483.00M481.42M438.52M
Dividends Per Sharen/a$0.44$0.26$0.17$0.10$0.04$0.02$0.12$0.24$0.24$0.36
Weighted Average Diluted Sharesn/a406.00M410.00M416.00M421.00M435.00M439.00M463.00M503.00M451.00M438.00M
EPS (Basic)n/a$3.73$2.83$1.85$1.12$0.60n/a$1.05$1.33-$0.28-$2.31

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