Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Howmet Aerospace Inc has an operating margin of 24.8%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.0% the prior year.
Howmet Aerospace Inc's revenue declined 100% year-over-year, from $7.4B to $8K. This contraction results in a growth score of 0/100.
Howmet Aerospace Inc carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.13, Howmet Aerospace Inc holds $2.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
Howmet Aerospace Inc converts 17.3% of revenue into free cash flow ($1K). This strong cash generation earns a score of 87/100.
Howmet Aerospace Inc earns a strong 28.2% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 25.4% the prior year.
Howmet Aerospace Inc scores 10331537.93, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($100.3B) relative to total liabilities ($6K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Howmet Aerospace Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Howmet Aerospace Inc generates $1.25 in operating cash flow ($2K OCF vs $2K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Howmet Aerospace Inc earns $170.5 in operating income for every $1 of interest expense ($2K vs $12). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Howmet Aerospace Inc (HWM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Howmet Aerospace Inc generated $8K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Howmet Aerospace Inc's EBITDA was $2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Howmet Aerospace Inc generated $1K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Howmet Aerospace Inc reported $2K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Howmet Aerospace Inc earned $3.71 per diluted share (EPS) in fiscal year 2025. This represents an increase of 32.0% from the prior year.
Howmet Aerospace Inc held $742 in cash against $3K in long-term debt as of fiscal year 2025.
Howmet Aerospace Inc paid $0.17 per share in dividends in fiscal year 2025. This represents a decrease of 34.6% from the prior year.
Howmet Aerospace Inc had 401M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.
Howmet Aerospace Inc's gross margin was 34.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.
Howmet Aerospace Inc's operating margin was 24.8% in fiscal year 2025, reflecting core business profitability. This is up 2.8 percentage points from the prior year.
Howmet Aerospace Inc's net profit margin was 18.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.
Howmet Aerospace Inc's ROE was 28.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.8 percentage points from the prior year.
Howmet Aerospace Inc invested $37 in research and development in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Howmet Aerospace Inc spent $700 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Howmet Aerospace Inc invested $453 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
HWM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B+3.8% | $2.1B+1.8% | $2.1B+5.7% | $1.9B+2.7% | $1.9B+3.1% | $1.8B-2.4% | $1.9B+3.1% | $1.8B |
| Cost of Revenue | $1.4B+3.4% | $1.4B0.0% | $1.4B+5.8% | $1.3B+0.1% | $1.3B+2.9% | $1.3B-2.6% | $1.3B-0.2% | $1.3B |
| Gross Profit | $756.0M+4.4% | $724.0M+5.2% | $688.0M+5.5% | $652.0M+8.3% | $602.0M+3.4% | $582.0M-1.9% | $593.0M+11.0% | $534.0M |
| R&D Expenses | $10.0M0.0% | $10.0M+11.1% | $9.0M+12.5% | $8.0M+14.3% | $7.0M-22.2% | $9.0M+28.6% | $7.0M-30.0% | $10.0M |
| SG&A Expenses | $96.0M-4.0% | $100.0M+12.4% | $89.0M+4.7% | $85.0M+10.4% | $77.0M-9.4% | $85.0M-12.4% | $97.0M+10.2% | $88.0M |
| Operating Income | $489.0M-9.8% | $542.0M+4.0% | $521.0M+5.5% | $494.0M+11.0% | $445.0M+5.7% | $421.0M+5.8% | $398.0M+7.9% | $369.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $49.0M0.0% | $49.0M |
| Income Tax | $58.0M-47.3% | $110.0M+77.4% | $62.0M-39.2% | $102.0M+30.8% | $78.0M+254.5% | $22.0M-67.6% | $68.0M+13.3% | $60.0M |
| Net Income | $372.0M-3.4% | $385.0M-5.4% | $407.0M+18.3% | $344.0M+9.6% | $314.0M-5.4% | $332.0M+24.8% | $266.0M+9.5% | $243.0M |
| EPS (Diluted) | $0.92-3.2% | $0.95-5.0% | $1.00+19.0% | $0.84+10.5% | $0.76-6.2% | $0.81+24.6% | $0.65+10.2% | $0.59 |
HWM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.2B0.0% | $11.2B+1.2% | $11.0B+2.5% | $10.8B+2.4% | $10.5B-0.4% | $10.6B-1.1% | $10.7B+2.6% | $10.4B |
| Current Assets | $3.8B-1.2% | $3.8B+3.5% | $3.7B+3.9% | $3.6B+5.7% | $3.4B-0.9% | $3.4B-5.9% | $3.6B+7.9% | $3.3B |
| Cash & Equivalents | $742.0M+12.6% | $659.0M+20.9% | $545.0M+1.7% | $536.0M-5.0% | $564.0M+18.7% | $475.0M-36.8% | $752.0M+41.1% | $533.0M |
| Inventory | $1.8B-6.4% | $2.0B+0.6% | $2.0B+3.3% | $1.9B+3.4% | $1.8B-3.3% | $1.9B+2.9% | $1.8B+3.6% | $1.8B |
| Accounts Receivable | $779.0M-11.9% | $884.0M-0.5% | $888.0M0.0% | $888.0M+28.9% | $689.0M-9.0% | $757.0M+1.1% | $749.0M-4.6% | $785.0M |
| Goodwill | $4.0B-0.9% | $4.1B-0.2% | $4.1B+0.9% | $4.0B+0.4% | $4.0B-0.9% | $4.0B+0.8% | $4.0B-0.1% | $4.0B |
| Total Liabilities | $5.8B-3.4% | $6.0B+0.5% | $6.0B+0.4% | $6.0B+0.3% | $6.0B-1.5% | $6.1B-5.4% | $6.4B+1.2% | $6.3B |
| Current Liabilities | $1.8B+9.0% | $1.6B+1.6% | $1.6B+3.4% | $1.5B-0.1% | $1.5B+2.1% | $1.5B-35.7% | $2.4B+38.9% | $1.7B |
| Long-Term Debt | $2.9B-10.3% | $3.2B-2.0% | $3.3B-1.9% | $3.3B+0.2% | $3.3B-2.5% | $3.4B+17.9% | $2.9B-17.5% | $3.5B |
| Total Equity | $5.4B+4.1% | $5.1B+2.0% | $5.0B+5.2% | $4.8B+5.2% | $4.6B+1.1% | $4.5B+5.3% | $4.3B+4.7% | $4.1B |
| Retained Earnings | $4.1B+10.0% | $3.7B+8.4% | $3.4B+11.9% | $3.1B+10.9% | $2.8B+12.8% | $2.5B+12.2% | $2.2B+12.6% | $1.9B |
HWM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $654.0M+23.2% | $531.0M+19.1% | $446.0M+76.3% | $253.0M-47.3% | $480.0M+96.7% | $244.0M-38.5% | $397.0M+124.3% | $177.0M |
| Capital Expenditures | $124.0M+14.8% | $108.0M+5.9% | $102.0M-14.3% | $119.0M+16.7% | $102.0M+24.4% | $82.0M+49.1% | $55.0M-32.9% | $82.0M |
| Free Cash Flow | $530.0M+25.3% | $423.0M+23.0% | $344.0M+156.7% | $134.0M-64.6% | $378.0M+133.3% | $162.0M-52.6% | $342.0M+260.0% | $95.0M |
| Investing Cash Flow | -$122.0M-17.3% | -$104.0M-7.2% | -$97.0M+15.7% | -$115.0M-7.5% | -$107.0M-33.8% | -$80.0M-48.1% | -$54.0M+28.0% | -$75.0M |
| Financing Cash Flow | -$449.0M-43.0% | -$314.0M+7.4% | -$339.0M-103.0% | -$167.0M+41.2% | -$284.0M+35.6% | -$441.0M-258.5% | -$123.0M+30.9% | -$178.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $200.0M0.0% | $200.0M+14.3% | $175.0M+40.0% | $125.0M-34.2% | $190.0M+90.0% | $100.0M+66.7% | $60.0M-60.0% | $150.0M |
HWM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.9%+0.2pp | 34.7%+1.2pp | 33.5%-0.1pp | 33.6%+1.7pp | 31.8%+0.1pp | 31.7%+0.2pp | 31.5%+2.3pp | 29.3% |
| Operating Margin | 22.6%-3.4pp | 25.9%+0.6pp | 25.4%-0.1pp | 25.4%+1.9pp | 23.5%+0.6pp | 22.9%+1.8pp | 21.2%+0.9pp | 20.2% |
| Net Margin | 17.2%-1.3pp | 18.4%-1.4pp | 19.8%+2.1pp | 17.7%+1.1pp | 16.6%-1.5pp | 18.1%+3.9pp | 14.1%+0.8pp | 13.3% |
| Return on Equity | 7.0%-0.5pp | 7.5%-0.6pp | 8.1%+0.9pp | 7.2%+0.3pp | 6.9%-0.5pp | 7.4%+1.2pp | 6.2%+0.3pp | 5.9% |
| Return on Assets | 3.3%-0.1pp | 3.4%-0.2pp | 3.7%+0.5pp | 3.2%+0.2pp | 3.0%-0.1pp | 3.1%+0.6pp | 2.5%+0.2pp | 2.3% |
| Current Ratio | 2.13-0.2 | 2.35+0.0 | 2.31+0.0 | 2.30+0.1 | 2.17-0.1 | 2.24+0.7 | 1.53-0.4 | 1.97 |
| Debt-to-Equity | 0.53-0.1 | 0.62-0.0 | 0.65-0.0 | 0.69-0.0 | 0.73-0.0 | 0.75+0.1 | 0.67-0.2 | 0.85 |
| FCF Margin | 24.4%+4.2pp | 20.3%+3.5pp | 16.8%+9.9pp | 6.9%-13.1pp | 20.0%+11.2pp | 8.8%-9.4pp | 18.2%+13.0pp | 5.2% |
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Frequently Asked Questions
What is Howmet Aerospace Inc's annual revenue?
Howmet Aerospace Inc (HWM) reported $8K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Howmet Aerospace Inc's revenue growing?
Howmet Aerospace Inc (HWM) revenue declined by 100% year-over-year, from $7.4B to $8K in fiscal year 2025.
Is Howmet Aerospace Inc profitable?
Yes, Howmet Aerospace Inc (HWM) reported a net income of $2K in fiscal year 2025, with a net profit margin of 18.3%.
What is Howmet Aerospace Inc's earnings per share (EPS)?
Howmet Aerospace Inc (HWM) reported diluted earnings per share of $3.71 for fiscal year 2025. This represents a 32.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Howmet Aerospace Inc's EBITDA?
Howmet Aerospace Inc (HWM) had EBITDA of $2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Howmet Aerospace Inc have?
As of fiscal year 2025, Howmet Aerospace Inc (HWM) had $742 in cash and equivalents against $3K in long-term debt.
What is Howmet Aerospace Inc's gross margin?
Howmet Aerospace Inc (HWM) had a gross margin of 34.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Howmet Aerospace Inc's operating margin?
Howmet Aerospace Inc (HWM) had an operating margin of 24.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Howmet Aerospace Inc's net profit margin?
Howmet Aerospace Inc (HWM) had a net profit margin of 18.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Howmet Aerospace Inc pay dividends?
Yes, Howmet Aerospace Inc (HWM) paid $0.17 per share in dividends during fiscal year 2025.
What is Howmet Aerospace Inc's return on equity (ROE)?
Howmet Aerospace Inc (HWM) has a return on equity of 28.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Howmet Aerospace Inc's free cash flow?
Howmet Aerospace Inc (HWM) generated $1K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Howmet Aerospace Inc's operating cash flow?
Howmet Aerospace Inc (HWM) generated $2K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Howmet Aerospace Inc's total assets?
Howmet Aerospace Inc (HWM) had $11K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Howmet Aerospace Inc's capital expenditures?
Howmet Aerospace Inc (HWM) invested $453 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Howmet Aerospace Inc spend on research and development?
Howmet Aerospace Inc (HWM) invested $37 in research and development during fiscal year 2025.
Does Howmet Aerospace Inc buy back shares?
Yes, Howmet Aerospace Inc (HWM) spent $700 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Howmet Aerospace Inc have outstanding?
Howmet Aerospace Inc (HWM) had 401M shares outstanding as of fiscal year 2025.
What is Howmet Aerospace Inc's current ratio?
Howmet Aerospace Inc (HWM) had a current ratio of 2.13 as of fiscal year 2025, which is generally considered healthy.
What is Howmet Aerospace Inc's debt-to-equity ratio?
Howmet Aerospace Inc (HWM) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Howmet Aerospace Inc's return on assets (ROA)?
Howmet Aerospace Inc (HWM) had a return on assets of 13.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Howmet Aerospace Inc's Altman Z-Score?
Howmet Aerospace Inc (HWM) has an Altman Z-Score of 10331537.93, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Howmet Aerospace Inc's Piotroski F-Score?
Howmet Aerospace Inc (HWM) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Howmet Aerospace Inc's earnings high quality?
Howmet Aerospace Inc (HWM) has an earnings quality ratio of 1.25x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Howmet Aerospace Inc cover its interest payments?
Howmet Aerospace Inc (HWM) has an interest coverage ratio of 170.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Howmet Aerospace Inc?
Howmet Aerospace Inc (HWM) scores 74 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.