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.

Howmet Aerospace Inc. (HWM) Financials

HWM

Trailing 12 months to June 30, 2026

Revenue $9.1B +18.1% YoY

Net Income $1.9B +33.9% YoY

EPS (Diluted) $4.64 +35.7% YoY

Free Cash Flow $1.8B +75.9% YoY

Market Cap $91.6B as of Sep 11, 2026

Price / Sales 10.0x on $9.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 48.9x on $1.9B net income, trailing 12 months to June 30, 2026

Price / Book 16.0x on $5.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HWM SEC filings page.

Howmet Aerospace Inc. (HWM) reported $9.1B in revenue over the twelve months to Jun 30, 2026, up 18.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI HWM FY2025 2026-08-29

Howmet is scaling an increasingly cash-generative operation while margin expansion and deleveraging reinforce one another.

Operating cash flow rose from $449M in FY2021 to $1.88B in FY2025. Free cash flow retention reached 76.0% of operating cash flow in FY2025 versus 55.7% in FY2021, indicating that rising reinvestment has not prevented improved cash conversion.

Operating economics improved faster than sales: operating margin rose from 15.0% in FY2021 to 24.8% in FY2025. Selling and administrative overhead increased 47.4% across that span, less than the 66.0% revenue increase, so overhead absorbed a smaller share of sales.

Deleveraging accompanied stronger returns: debt-to-equity fell from 1.2x in FY2021 to 0.5x in FY2025. ROA rose from 2.5% in FY2021 to 13.5% in FY2025, making improved returns less dependent on balance-sheet leverage. Capital expenditures also rose from $199M to $453M, showing that cash generation came alongside heavier reinvestment rather than solely from underinvestment.

Financial Health Signals

Financial Health Score 71/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Howmet Aerospace Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

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 87/100, reflecting efficient cost management and pricing power. This is up from 22.0% the prior year.

Growth

Howmet Aerospace Inc.'s revenue grew 11.1% year-over-year to $8.3B, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

Howmet Aerospace Inc. has a moderate D/E ratio of 0.53. This balance of debt and equity financing earns a leverage score of 49/100.

Liquidity

Howmet Aerospace Inc.'s current ratio of 2.13 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Howmet Aerospace Inc. converts 17.3% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 78/100.

Returns

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 81/100. This is up from 25.4% the prior year.

Altman Z-Score Safe

11.50

Howmet Aerospace Inc. scores 11.50, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($91.6B) relative to total liabilities ($5.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

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.

Earnings Quality Cash-Backed

1.25x

For every $1 of reported earnings, Howmet Aerospace Inc. generates $1.25 in operating cash flow ($1.9B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

11.63x

Howmet Aerospace Inc. earns $11.63 in operating income for every $1 of interest expense ($2.0B vs $176.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.5B

YoY+24.1%

QoQ+10.1%

5Y CAGR+16.3%

10Y CAGR-2.4%

Howmet Aerospace Inc. generated $2.5B in revenue in Q2 2026. This represents an increase of 24.1% from the same quarter a year earlier. Against the prior quarter it is up 10.1%.

EBITDA

$795.0M

YoY+34.7%

QoQ-3.9%

5Y CAGR+23.7%

Howmet Aerospace Inc.'s EBITDA was $795.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.7% from the same quarter a year earlier. Against the prior quarter it is down 3.9%.

Net Income

$534.0M

YoY+31.2%

QoQ-7.9%

5Y CAGR+48.5%

Howmet Aerospace Inc. reported $534.0M in net income in Q2 2026. This represents an increase of 31.2% from the same quarter a year earlier. Against the prior quarter it is down 7.9%.

EPS (Diluted)

$1.33

YoY+33.0%

QoQ-7.6%

5Y CAGR+50.9%

10Y CAGR+17.3%

Howmet Aerospace Inc. earned $1.33 per diluted share (EPS) in Q2 2026. This represents an increase of 33.0% from the same quarter a year earlier. Against the prior quarter it is down 7.6%.

Cash & Balance Sheet

Free Cash Flow

$479.0M

YoY+39.2%

QoQ+33.4%

5Y CAGR+57.8%

10Y CAGR+24.2%

Howmet Aerospace Inc. generated $479.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 39.2% from the same quarter a year earlier. Against the prior quarter it is up 33.4%.

Cash & Debt

$563.0M

YoY+3.3%

QoQ-76.9%

5Y CAGR-4.7%

10Y CAGR-11.6%

Howmet Aerospace Inc. held $563.0M in cash against $4.0B in long-term debt as of Q2 2026.

Dividends Per Share

$0.12

YoY+20.0%

QoQ0.0%

Howmet Aerospace Inc. paid $0.12 per share in dividends in Q2 2026. This represents an increase of 20.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

399M

YoY-1.1%

QoQ-0.3%

5Y CAGR-1.4%

10Y CAGR-11.2%

Howmet Aerospace Inc. had 399M shares outstanding in Q2 2026. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Margins & Returns

Gross Margin

37.3%

YoY+3.8pp

QoQ+0.4pp

5Y change+9.1pp

Howmet Aerospace Inc.'s gross margin was 37.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Operating Margin

27.9%

YoY+2.5pp

QoQ-4.6pp

5Y change+10.6pp

Howmet Aerospace Inc.'s operating margin was 27.9% in Q2 2026, reflecting core business profitability. This is up 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.6 percentage points.

Net Margin

21.0%

YoY+1.2pp

QoQ-4.1pp

5Y change+14.8pp

Howmet Aerospace Inc.'s net profit margin was 21.0% in Q2 2026, showing the share of revenue converted to profit. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.1 percentage points.

Return on Equity

9.3%

YoY+1.3pp

QoQ-1.2pp

5Y change+7.3pp

Howmet Aerospace Inc.'s ROE was 9.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.

Capital Allocation

R&D Spending

$8.0M

YoY-11.1%

QoQ-11.1%

5Y CAGR+14.9%

Howmet Aerospace Inc. invested $8.0M in research and development in Q2 2026. This represents a decrease of 11.1% from the same quarter a year earlier. Against the prior quarter it is down 11.1%.

Share Buybacks

$300.0M

YoY+71.4%

QoQ0.0%

5Y CAGR+8.4%

Howmet Aerospace Inc. spent $300.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 71.4% from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Expenditures

$104.0M

YoY+2.0%

QoQ+10.6%

5Y CAGR+23.6%

10Y CAGR-9.3%

Howmet Aerospace Inc. invested $104.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 2.0% from the same quarter a year earlier. Against the prior quarter it is up 10.6%.

HWM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HWM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$9.1B	$8.3B+11.1%	$7.4B+11.9%	$6.6B+17.3%	$5.7B+13.9%	$5.0B-5.5%	$5.3B-25.9%	$7.1B+4.7%	$6.8B-47.7%	$13.0B+4.6%	$12.4B-0.2%	$12.4B-1.0%	$12.5B-45.5%	$23.0B-2.8%	$23.7B-5.0%	$25.0B
Cost of Revenue	$5.8B	$5.4B+6.1%	$5.1B+7.2%	$4.8B+16.3%	$4.1B+14.1%	$3.6B-7.3%	$3.9B-25.6%	$5.2B+2.0%	$5.1B-50.0%	$10.2B	N/A	N/A	$19.1B-0.8%	$19.3B-5.5%	$20.4B-0.4%	$20.5B
Gross Profit	$3.3B	$2.8B+22.0%	$2.3B+23.8%	$1.9B+19.7%	$1.6B+13.4%	$1.4B-0.4%	$1.4B-26.7%	$1.9B+13.2%	$1.7B-39.2%	$2.7B	N/A	N/A	-$6.6B-276.1%	$3.7B+13.5%	$3.3B-26.2%	$4.5B
R&D Expenses	$37.0M	$37.0M+12.1%	$33.0M-8.3%	$36.0M+12.5%	$32.0M+88.2%	$17.0M0.0%	$17.0M-39.3%	$28.0M-31.7%	$41.0M-62.4%	$109.0M-16.2%	$130.0M-23.1%	$169.0M+37.4%	$123.0M-35.9%	$192.0M-2.5%	$197.0M+7.1%	$184.0M
SG&A Expenses	$455.0M	$370.0M+6.6%	$347.0M+4.2%	$333.0M+15.6%	$288.0M+14.7%	$251.0M-9.4%	$277.0M-30.8%	$400.0M+7.8%	$371.0M-48.1%	$715.0M-22.6%	$924.0M+20.8%	$765.0M-0.6%	$770.0M-23.6%	$1.0B+1.1%	$997.0M-2.9%	$1.0B
Operating Income	$2.5B	$2.0B+25.3%	$1.6B+35.7%	$1.2B+30.9%	$919.0M+22.9%	$748.0M+19.5%	$626.0M+8.1%	$579.0M-25.3%	$775.0M+61.5%	$480.0M-49.7%	$954.0M+51.9%	$628.0M	N/A	N/A	N/A	N/A
EBITDA	N/A	$2.3B+21.9%	$1.9B+29.5%	$1.5B+24.6%	$1.2B+16.3%	$1.0B+5.6%	$964.0M-13.5%	$1.1B-17.5%	$1.4B+31.0%	$1.0B-50.6%	$2.1B+9.3%	$1.9B	N/A	N/A	N/A	N/A
Interest Expense	$193.0M	$176.0M-9.7%	$195.0M-10.6%	$218.0M-4.8%	$229.0M-11.6%	$259.0M-18.3%	$317.0M-6.2%	$338.0M-10.3%	$377.0M-24.0%	$496.0M-0.6%	$499.0M+5.5%	$473.0M+7.0%	$442.0M-2.4%	$453.0M-7.6%	$490.0M-6.5%	$524.0M
Income Tax	$411.0M	$332.0M+45.6%	$228.0M+8.6%	$210.0M+53.3%	$137.0M+107.6%	$66.0M+265.0%	-$40.0M-147.6%	$84.0M-29.4%	$119.0M-78.1%	$544.0M-63.1%	$1.5B+335.4%	$339.0M+94.8%	$174.0M-59.3%	$428.0M+164.2%	$162.0M-36.5%	$255.0M
Net Income	$1.9B	$1.5B+30.6%	$1.2B+51.0%	$765.0M+63.1%	$469.0M+81.8%	$258.0M-1.1%	$261.0M-44.5%	$470.0M-26.8%	$642.0M+967.6%	-$74.0M+92.1%	-$941.0M-192.2%	-$322.0M-220.1%	$268.0M+111.7%	-$2.3B-1296.3%	$191.0M-68.7%	$611.0M
EPS (Basic)	N/A	$3.73+31.8%	$2.83+53.0%	$1.85+65.2%	$1.12+86.7%	$0.60+25.0%	$0.48-54.3%	$1.05-21.1%	$1.33+575.0%	-$0.28+87.9%	-$2.31-148.4%	-$0.93-245.3%	$0.64+129.9%	-$2.14-1288.9%	$0.18-68.4%	$0.57
EPS (Diluted)	$4.64	$3.71+32.0%	$2.81+53.6%	$1.83+64.9%	$1.11+88.1%	$0.59+22.9%	$0.48-53.4%	$1.03-20.8%	$1.30	-$0.28	-$2.31	-$0.93-247.6%	$0.63	-$2.14-1288.9%	$0.18-67.3%	$0.55
Diluted Shares (Avg)	N/A	406M-1.0%	410M-1.4%	416M-1.2%	421M-3.2%	435M-0.9%	439M-5.2%	463M-8.0%	503M	451M	438M	420M+6.9%	393M	1.07B-0.6%	1.08B-7.3%	1.16B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.5B+24.1%	$2.3B+19.1%	$2.2B+14.6%	$2.1B+13.8%	$2.1B+9.2%	$1.9B+6.5%	$1.9B+9.2%	$1.8B+10.7%
Cost of Revenue	$1.6B+16.9%	$1.5B+13.1%	$1.4B+9.5%	$1.4B+8.9%	$1.4B+6.1%	$1.3B0.0%	$1.3B+4.8%	$1.3B+5.9%
Gross Profit	$951.0M+38.2%	$854.0M+31.0%	$756.0M+25.6%	$724.0M+24.4%	$688.0M+16.0%	$652.0M+22.1%	$602.0M+20.2%	$582.0M+22.5%
R&D Expenses	$8.0M-11.1%	$9.0M+12.5%	$10.0M+42.9%	$10.0M+11.1%	$9.0M+28.6%	$8.0M-20.0%	$7.0M-22.2%	$9.0M0.0%
SG&A Expenses	$148.0M+66.3%	$111.0M+30.6%	$96.0M+24.7%	$100.0M+17.6%	$89.0M-8.2%	$85.0M-3.4%	$77.0M-7.2%	$85.0M-2.3%
Operating Income	$711.0M+36.5%	$753.0M+52.4%	$489.0M+9.9%	$542.0M+28.7%	$521.0M+30.9%	$494.0M+33.9%	$445.0M+36.5%	$421.0M+37.1%
EBITDA	$795.0M+34.7%	$827.0M+46.9%	$562.0M+8.5%	$614.0M+25.6%	$590.0M+26.3%	$563.0M+29.1%	$518.0M+31.5%	$489.0M+30.4%
Interest Expense	$51.0M+34.2%	$43.0M+10.3%	$62.0M+17.0%	$37.0M-15.9%	$38.0M-22.4%	$39.0M-20.4%	$53.0M+1.9%	$44.0M-18.5%
Income Tax	$115.0M+85.5%	$128.0M+25.5%	$58.0M-25.6%	$110.0M+400.0%	$62.0M-8.8%	$102.0M+70.0%	$78.0M+129.4%	$22.0M-59.3%
Net Income	$534.0M+31.2%	$580.0M+68.6%	$372.0M+18.5%	$385.0M+16.0%	$407.0M+53.0%	$344.0M+41.6%	$314.0M+33.1%	$332.0M+76.6%
EPS (Basic)	$1.33+31.7%	$1.45+70.6%	$0.92+19.5%	$0.96+18.5%	$1.01+55.4%	$0.85+44.1%	$0.77+35.1%	$0.81+80.0%
EPS (Diluted)	$1.33+33.0%	$1.44+71.4%	$0.92+19.5%	$0.95+17.3%	$1.00+53.8%	$0.84+42.4%	$0.77+37.5%	$0.81+80.0%
Diluted Shares (Avg)	402M-1.0%	403M-1.0%	N/A	405M-1.2%	406M-1.2%	407M-1.2%	N/A	410M-1.2%

HWM Balance Sheet

HWM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$11.2B+6.3%	$10.5B+0.9%	$10.4B+1.7%	$10.3B+0.4%	$10.2B-10.7%	$11.4B-34.8%	$17.6B-6.1%	$18.7B-0.1%	$18.7B-6.6%	$20.0B-45.1%	$36.5B-2.4%	$37.4B+4.5%	$35.7B-11.0%	$40.2B+0.1%	$40.1B
Current Assets	$3.8B+12.4%	$3.4B+1.4%	$3.3B+5.5%	$3.1B+14.8%	$2.7B-25.5%	$3.7B-37.2%	$5.8B-11.2%	$6.6B+3.2%	$6.4B+8.2%	$5.9B-25.9%	$8.0B+1.3%	$7.8B+12.6%	$7.0B-9.5%	$7.7B-0.2%	$7.7B
Cash & Equivalents	$742.0M+31.6%	$564.0M-7.5%	$610.0M-22.9%	$791.0M+9.9%	$720.0M-55.3%	$1.6B+2.1%	$1.6B-30.7%	$2.3B+5.9%	$2.1B+15.4%	$1.9B-2.9%	$1.9B+2.2%	$1.9B+30.6%	$1.4B-22.8%	$1.9B-4.0%	$1.9B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.8B+0.5%	$1.8B+4.2%	$1.8B+9.7%	$1.6B+14.8%	$1.4B-5.8%	$1.5B-7.4%	$1.6B-35.5%	$2.5B+0.5%	$2.5B+10.1%	$2.3B-1.4%	$2.3B-25.9%	$3.1B+13.9%	$2.7B-4.2%	$2.8B-2.6%	$2.9B
Accounts Receivable	$779.0M+13.1%	$689.0M+2.1%	$675.0M+33.4%	$506.0M+37.9%	$367.0M+11.9%	$328.0M-43.7%	$583.0M-44.3%	$1.0B+1.2%	$1.0B+6.3%	$974.0M+1.5%	$960.0M-31.2%	$1.4B+14.3%	$1.2B-12.7%	$1.4B-10.9%	$1.6B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$1.7B-13.3%	$1.9B+1.9%	$1.9B+2.5%	$1.9B+14.4%	$1.6B
Goodwill	$4.0B+0.3%	$4.0B-0.6%	$4.0B+0.5%	$4.0B-1.3%	$4.1B-0.9%	$4.1B+0.9%	$4.1B-2.8%	$4.2B-7.7%	$4.5B-11.9%	$5.1B-1.9%	$5.2B+3.2%	$5.1B+49.0%	$3.4B-33.9%	$5.2B+0.3%	$5.2B
Total Liabilities	$5.8B-2.3%	$6.0B-6.7%	$6.4B-4.0%	$6.7B-0.8%	$6.7B-14.7%	$7.9B-39.3%	$13.0B-1.2%	$13.1B-5.0%	$13.8B-7.4%	$14.9B-33.3%	$22.3B-1.0%	$22.6B+1.6%	$22.2B-6.1%	$23.7B+3.2%	$22.9B
Current Liabilities	$1.8B+14.3%	$1.5B-13.2%	$1.8B+20.4%	$1.5B+18.3%	$1.3B-24.5%	$1.7B-59.8%	$4.1B+17.2%	$3.5B+24.6%	$2.8B+2.7%	$2.7B-47.2%	$5.2B-4.5%	$5.5B-10.6%	$6.1B+2.7%	$5.9B-1.2%	$6.0B
Non-Current Liabilities	$4.1B-8.2%	$4.4B-4.1%	$4.6B-10.9%	$5.2B-5.2%	$5.5B-12.1%	$6.2B-29.7%	$8.8B-7.9%	$9.6B-12.6%	$11.0B-9.7%	$12.1B-29.1%	$17.1B+0.1%	$17.1B+6.2%	$16.1B-9.0%	$17.7B+4.7%	$16.9B
Long-Term Debt	$2.9B-13.6%	$3.3B-5.5%	$3.5B-15.9%	$4.2B-1.5%	$4.2B-10.0%	$4.7B-4.2%	$4.9B-16.8%	$5.9B-13.4%	$6.8B-15.4%	$8.0B-8.4%	$8.8B+0.2%	$8.8B+15.3%	$7.6B-8.5%	$8.3B-3.8%	$8.6B
Total Equity	$5.4B+17.5%	$4.6B+12.8%	$4.0B+12.1%	$3.6B+2.7%	$3.5B-1.9%	$3.6B-22.1%	$4.6B-17.6%	$5.6B+13.5%	$4.9B-4.0%	$5.1B-57.5%	$12.0B-2.1%	$12.3B+16.2%	$10.6B-19.7%	$13.2B-4.7%	$13.8B
Retained Earnings	$4.1B+48.0%	$2.8B+60.8%	$1.7B+67.3%	$1.0B+70.5%	$603.0M+65.7%	$364.0M+222.1%	$113.0M+131.6%	-$358.0M+71.3%	-$1.2B-21.5%	-$1.0B-111.6%	$8.8B-5.8%	$9.4B+1.2%	$9.3B-20.7%	$11.7B+0.5%	$11.6B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$13.3B+20.0%	$13.1B+21.3%	$11.2B+6.3%	$11.2B+5.9%	$11.0B+3.4%	$10.8B+3.5%	$10.5B+0.9%	$10.6B+3.9%
Current Assets	$4.2B+13.5%	$5.7B+59.2%	$3.8B+12.4%	$3.8B+12.8%	$3.7B+2.5%	$3.6B+6.4%	$3.4B+1.4%	$3.4B+9.0%
Cash & Equivalents	$563.0M+3.3%	$2.4B+354.3%	$742.0M+31.6%	$659.0M+38.7%	$545.0M-27.5%	$536.0M+0.6%	$564.0M-7.5%	$475.0M+12.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$2.2B+11.2%	$2.0B+3.8%	$1.8B+0.5%	$2.0B+3.8%	$2.0B+6.3%	$1.9B+6.7%	$1.8B+4.2%	$1.9B+8.8%
Accounts Receivable	$1.0B+17.1%	$940.0M+5.9%	$779.0M+13.1%	$884.0M+16.8%	$888.0M+18.6%	$888.0M+13.1%	$689.0M+2.1%	$757.0M+6.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$5.1B+25.1%	$4.1B+1.2%	$4.0B+0.3%	$4.1B+0.3%	$4.1B+1.2%	$4.0B+0.2%	$4.0B-0.6%	$4.0B+1.0%
Total Liabilities	$7.5B+25.2%	$7.5B+26.2%	$5.8B-2.3%	$6.0B-0.3%	$6.0B-6.2%	$6.0B-5.4%	$6.0B-6.7%	$6.1B-3.8%
Current Liabilities	$2.3B+44.1%	$2.3B+49.5%	$1.8B+14.3%	$1.6B+7.1%	$1.6B-32.1%	$1.5B-8.8%	$1.5B-13.2%	$1.5B+4.3%
Non-Current Liabilities	$5.2B+18.4%	$5.2B+18.0%	$4.1B-8.2%	$4.4B-2.8%	$4.4B+8.9%	$4.4B-4.2%	$4.4B-4.1%	$4.5B-6.2%
Long-Term Debt	$4.0B+24.5%	$4.0B+22.1%	$2.9B-13.6%	$3.2B-6.0%	$3.3B+13.1%	$3.3B-4.8%	$3.3B-5.5%	$3.4B-10.6%
Total Equity	$5.7B+13.7%	$5.5B+15.2%	$5.4B+17.5%	$5.1B+14.2%	$5.0B+17.9%	$4.8B+17.3%	$4.6B+12.8%	$4.5B+16.3%
Retained Earnings	$5.1B+48.8%	$4.6B+50.7%	$4.1B+48.0%	$3.7B+51.7%	$3.4B+57.1%	$3.1B+58.0%	$2.8B+60.8%	$2.5B+65.2%

HWM Cash Flow Statement

HWM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.2B	$1.9B+45.1%	$1.3B+44.1%	$901.0M+22.9%	$733.0M+63.3%	$449.0M+4888.9%	$9.0M-98.0%	$461.0M+112.4%	$217.0M+656.4%	-$39.0M-141.1%	$95.0M-94.0%	$1.6B-5.5%	$1.7B+6.1%	$1.6B+5.4%	$1.5B-31.7%	$2.2B
Depreciation & Amortization	N/A	$283.0M+2.2%	$277.0M+1.8%	$272.0M+2.6%	$265.0M-1.9%	$270.0M-20.1%	$338.0M-36.9%	$536.0M-6.9%	$576.0M+4.5%	$551.0M-51.3%	$1.1B-11.6%	$1.3B-6.7%	$1.4B-3.5%	$1.4B-2.7%	$1.5B-1.3%	$1.5B
Stock-Based Compensation	N/A	$73.0M+15.9%	$63.0M+26.0%	$50.0M-7.4%	$54.0M+35.0%	$40.0M-13.0%	$46.0M-33.3%	$69.0M+72.5%	$40.0M-25.9%	$54.0M-28.9%	$76.0M-1.3%	$77.0M-11.5%	$87.0M+22.5%	$71.0M+6.0%	$67.0M-19.3%	$83.0M
Capital Expenditures	$430.0M	$453.0M+41.1%	$321.0M+46.6%	$219.0M+13.5%	$193.0M-3.0%	$199.0M-25.5%	$267.0M-58.3%	$641.0M-16.5%	$768.0M+28.9%	$596.0M-47.0%	$1.1B-4.7%	$1.2B-3.2%	$1.2B+2.2%	$1.2B-5.4%	$1.3B-2.0%	$1.3B
Free Cash Flow	$1.8B	$1.4B+46.5%	$977.0M+43.3%	$682.0M+26.3%	$540.0M+116.0%	$250.0M+196.9%	-$258.0M-43.3%	-$180.0M+67.3%	-$551.0M+13.2%	-$635.0M+38.3%	-$1.0B-356.2%	$402.0M-11.6%	$455.0M+18.2%	$385.0M+63.1%	$236.0M-74.0%	$906.0M
Investing Cash Flow	-$2.1B	-$438.0M-38.6%	-$316.0M-47.0%	-$215.0M-59.3%	-$135.0M-226.2%	$107.0M-60.5%	$271.0M-48.7%	$528.0M-6.5%	$565.0M-57.2%	$1.3B+123.4%	$591.0M	N/A	N/A	-$1.3B-70.0%	-$759.0M+59.0%	-$1.9B
Financing Cash Flow	-$78.0M	-$1.3B-23.7%	-$1.0B-18.2%	-$868.0M-65.0%	-$526.0M+63.6%	-$1.4B-291.3%	-$369.0M+76.5%	-$1.6B-141.6%	-$649.0M+36.1%	-$1.0B-34.1%	-$757.0M	N/A	N/A	-$679.0M+14.9%	-$798.0M-1387.1%	$62.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$223.0M+38.5%	$161.0M+22.0%	$132.0M+0.8%	$131.0M0.0%	$131.0M
Share Buybacks	$1.0B	$700.0M+40.0%	$500.0M+100.0%	$250.0M-37.5%	$400.0M-7.0%	$430.0M+489.0%	$73.0M-93.7%	$1.1B	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$583.0M+30.7%	$453.0M+79.1%	$654.0M+36.3%	$531.0M+117.6%	$446.0M+12.3%	$253.0M+42.9%	$480.0M+4.8%	$244.0M+27.7%
Depreciation & Amortization	$84.0M+21.7%	$74.0M+7.2%	$73.0M0.0%	$72.0M+5.9%	$69.0M0.0%	$69.0M+3.0%	$73.0M+7.4%	$68.0M0.0%
Capital Expenditures	$104.0M+2.0%	$94.0M-21.0%	$124.0M+21.6%	$108.0M+31.7%	$102.0M+85.5%	$119.0M+45.1%	$102.0M+85.5%	$82.0M+39.0%
Free Cash Flow	$479.0M+39.2%	$359.0M+167.9%	$530.0M+40.2%	$423.0M+161.1%	$344.0M+0.6%	$134.0M+41.1%	$378.0M-6.2%	$162.0M+22.7%
Investing Cash Flow	-$1.9B-1873.2%	$14.0M+112.2%	-$122.0M-14.0%	-$104.0M-30.0%	-$97.0M-79.6%	-$115.0M-53.3%	-$107.0M-105.8%	-$80.0M-37.9%
Financing Cash Flow	-$541.0M-59.6%	$1.2B+834.1%	-$449.0M-58.1%	-$314.0M+28.8%	-$339.0M-175.6%	-$167.0M+6.2%	-$284.0M-27.9%	-$441.0M-81.5%
Share Buybacks	$300.0M+71.4%	$300.0M+140.0%	$200.0M+5.3%	$200.0M+100.0%	$175.0M+191.7%	$125.0M-16.7%	$190.0M+90.0%	$100.0M+300.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.

HWM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HWM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	34.2%+3.1pp	31.1%+3.0pp	28.1%+0.6pp	27.6%-0.1pp	27.7%+1.4pp	26.3%-0.3pp	26.5%+2.0pp	24.6%+3.4pp	21.1%	N/A	N/A	-52.6%-68.8pp	16.3%+2.3pp	13.9%-4.0pp	17.9%
Operating Margin	24.8%+2.8pp	22.0%+3.9pp	18.1%+1.9pp	16.2%+1.2pp	15.0%+3.1pp	11.9%+3.7pp	8.2%-3.3pp	11.4%+7.7pp	3.7%-4.0pp	7.7%+2.6pp	5.1%	N/A	N/A	N/A	N/A
Net Margin	18.3%+2.7pp	15.6%+4.0pp	11.5%+3.2pp	8.3%+3.1pp	5.2%+0.2pp	5.0%-1.7pp	6.6%-2.9pp	9.5%+10.0pp	-0.6%+7.0pp	-7.6%-5.0pp	-2.6%-4.7pp	2.1%+12.1pp	-9.9%-10.7pp	0.8%-1.6pp	2.5%
Return on Equity	28.2%+2.8pp	25.4%+6.4pp	18.9%+5.9pp	13.0%+5.7pp	7.3%+0.1pp	7.3%-2.9pp	10.2%-1.3pp	11.5%+13.0pp	-1.5%+16.9pp	-18.4%-15.7pp	-2.7%-4.9pp	2.2%+23.8pp	-21.6%-23.0pp	1.5%-3.0pp	4.4%
Return on Assets	13.5%+2.5pp	11.0%+3.6pp	7.3%+2.8pp	4.6%+2.0pp	2.5%+0.2pp	2.3%-0.4pp	2.7%-0.7pp	3.4%+3.8pp	-0.4%+4.3pp	-4.7%-3.8pp	-0.9%-1.6pp	0.7%+7.1pp	-6.4%-6.9pp	0.5%-1.0pp	1.5%
Current Ratio	2.130.0x	2.17+0.3x	1.86-0.3x	2.12-0.1x	2.180.0x	2.21+0.8x	1.42-0.5x	1.87-0.4x	2.26+0.1x	2.14+0.6x	1.53+0.1x	1.44+0.3x	1.14-0.2x	1.300.0x	1.28
Debt-to-Equity	0.53-0.2x	0.73-0.1x	0.87-0.3x	1.160.0x	1.21-0.1x	1.31+0.2x	1.070.0x	1.06-0.3x	1.39-0.2x	1.57+0.8x	0.730.0x	0.710.0x	0.72+0.1x	0.630.0x	0.62
Asset Turnover	0.740.0x	0.71+0.1x	0.64+0.1x	0.55+0.1x	0.490.0x	0.46+0.1x	0.400.0x	0.36-0.3x	0.69+0.1x	0.62+0.3x	0.340.0x	0.34-0.3x	0.64+0.1x	0.590.0x	0.62
FCF Margin	17.3%+4.2pp	13.2%+2.9pp	10.3%+0.7pp	9.5%+4.5pp	5.0%+9.9pp	-4.9%-2.4pp	-2.5%+5.6pp	-8.1%-3.2pp	-4.9%+3.4pp	-8.3%-11.5pp	3.2%-0.4pp	3.6%+2.0pp	1.7%+0.7pp	1.0%-2.6pp	3.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	37.3%+3.8pp	36.9%+3.3pp	34.9%+3.0pp	34.7%+2.9pp	33.5%+2.0pp	33.6%+4.3pp	31.8%+2.9pp	31.7%+3.1pp
Operating Margin	27.9%+2.5pp	32.6%+7.1pp	22.6%-1.0pp	25.9%+3.0pp	25.4%+4.2pp	25.4%+5.2pp	23.5%+4.7pp	22.9%+4.4pp
Net Margin	21.0%+1.2pp	25.1%+7.4pp	17.2%+0.6pp	18.4%+0.3pp	19.8%+5.7pp	17.7%+4.4pp	16.6%+3.0pp	18.1%+6.8pp
Return on Equity	9.3%+1.3pp	10.5%+3.3pp	7.0%+0.1pp	7.5%+0.1pp	8.1%+1.8pp	7.2%+1.2pp	6.9%+1.1pp	7.4%+2.5pp
Return on Assets	4.0%+0.4pp	4.4%+1.3pp	3.3%+0.3pp	3.4%+0.3pp	3.7%+1.2pp	3.2%+0.9pp	3.0%+0.7pp	3.1%+1.3pp
Current Ratio	1.82-0.5x	2.44+0.1x	2.130.0x	2.35+0.1x	2.31+0.8x	2.30+0.3x	2.17+0.3x	2.24+0.1x
Debt-to-Equity	0.71+0.1x	0.730.0x	0.53-0.2x	0.62-0.1x	0.650.0x	0.69-0.2x	0.73-0.1x	0.75-0.2x
Asset Turnover	0.190.0x	0.180.0x	0.190.0x	0.190.0x	0.190.0x	0.180.0x	0.180.0x	0.170.0x
FCF Margin	18.8%+2.0pp	15.5%+8.6pp	24.4%+4.5pp	20.3%+11.4pp	16.8%-1.4pp	6.9%+1.7pp	20.0%-3.3pp	8.8%+0.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Howmet Aerospace Inc. HWM	FY2025	$8.3B	$1.5B	18.3%	$91.6B	71/100
Transdigm Group TDG	FY2025	$8.8B	$2.1B	23.5%	$62.3B	72/100
Northrop Grumman NOC	FY2025	$42.0B	$4.2B	10.0%	$73.7B	50/100
General Dynamics Corp GD	FY2025	$52.5B	$4.2B	8.0%	$95.8B	63/100
L3Harris Technologies Inc LHX	FY2026	N/A	$1.6B	N/A	$46.3B	—
Lockheed Martin LMT	FY2025	$75.0B	$5.0B	6.7%	$122.3B	56/100

Where Howmet Aerospace Inc. Ranks

Frequently Asked Questions

What is Howmet Aerospace Inc.'s annual revenue?

Howmet Aerospace Inc. (HWM) reported $8.3B in total revenue for fiscal year 2025. This represents a 11.1% 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 grew by 11.1% year-over-year, from $7.4B to $8.3B in fiscal year 2025.

Is Howmet Aerospace Inc. profitable?

Yes, Howmet Aerospace Inc. (HWM) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 18.3%.

What is Howmet Aerospace Inc.'s EBITDA?

Howmet Aerospace Inc. (HWM) had EBITDA of $2.3B 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 $742.0M in cash and equivalents against $2.9B 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 $0.44 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 $1.4B in free cash flow during fiscal year 2025. This represents a 46.5% 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 $1.9B 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 $11.2B 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 $453.0M 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 $37.0M in research and development during fiscal year 2025.

Does Howmet Aerospace Inc. buy back shares?

Yes, Howmet Aerospace Inc. (HWM) spent $700.0M 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 P/E ratio?

Howmet Aerospace Inc. (HWM) trades at 48.9x earnings, its market capitalization divided by net income of $1.9B net income, trailing 12 months to June 30, 2026. The market capitalization is $91.6B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Howmet Aerospace Inc.'s price-to-sales ratio?

Howmet Aerospace Inc. (HWM) trades at 10.0x sales, its market capitalization divided by revenue of $9.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $91.6B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Howmet Aerospace Inc.'s Altman Z-Score?

Howmet Aerospace Inc. (HWM) has an Altman Z-Score of 11.50, 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 to 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 11.63x, 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 71 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.