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Howmet Aerospace Inc. (HWM)

Howmet Aerospace is a Delaware corporation with its principal office in Pittsburgh, supplying engineered products to the aerospace and transportation industries. It was previously named Arconic Inc. and before that Alcoa Inc., a company formed in 1888; on 1 April 2020 Arconic separated into two public companies, with Howmet keeping the Engine Products, Fastening Systems, Engineered Structures and Forged Wheels businesses while Rolled Products, Aluminum Extrusions and Building and Construction Systems went to Arconic Corporation. It operates in 19 countries, and by point of shipment North America generated 72% of 2025 sales and Europe 22%. Aerospace, commercial and defence together, was approximately 70% of what it took in during 2025, commercial transportation approximately 15%, gas turbines approximately 11% and other markets approximately 4%. In 2025 RTX Corporation and GE Aerospace each accounted for approximately 11% of third-party sales.

Howmet Aerospace Inc.

Howmet Aerospace is a Delaware corporation with its principal office in Pittsburgh, supplying engineered products to the aerospace and transportation industries. It was previously named Arconic Inc. and before that Alcoa Inc., a company formed in 1888; on 1 April 2020 Arconic separated into two public companies, with Howmet keeping the Engine Products, Fastening Systems, Engineered Structures and Forged Wheels businesses while Rolled Products, Aluminum Extrusions and Building and Construction Systems went to Arconic Corporation. It operates in 19 countries, and by point of shipment North America generated 72% of 2025 sales and Europe 22%. Aerospace, commercial and defence together, was approximately 70% of what it took in during 2025, commercial transportation approximately 15%, gas turbines approximately 11% and other markets approximately 4%. In 2025 RTX Corporation and GE Aerospace each accounted for approximately 11% of third-party sales.

What it makes

Products include investment castings for jet engines and industrial gas turbines in nickel superalloys, titanium and aluminium, covering airfoils and structural parts; rolled rings for jet engines, mostly in nickel superalloys; fastening systems for aerospace, industrial and commercial transportation use in titanium, steel and nickel superalloys; forged jet engine components such as disks; machined and forged aircraft parts in titanium and aluminium; and forged aluminium commercial vehicle wheels, sold directly or through distributors. The company points to airfoils with advanced cooling and coatings for extreme temperatures, fasteners designed for lightweight composite airframes, lower assembly costs and lightning strike protection, and lightweight aluminium commercial wheels. In aerospace it states that it can produce more than 90% of all structural and rotating aero engine components. The gas turbines market covers turbine parts with advanced cooling and coatings for heavy-duty units and for small and mid-sized units, where the filing points to growing demand for electricity generation driven by data centre construction.

The four segments

Engine Products makes components mainly for aircraft engines and industrial gas turbines, including airfoils and rolled rings, and both rotating and structural parts, serving commercial and defence aerospace and the gas turbines market. Fastening Systems makes aerospace and industrial fastening systems plus commercial transportation fasteners and installation tools, with multi-material systems used on commercial and military aircraft, jet engines, industrial gas turbines, commercial vehicles, wind turbines, solar power systems and construction and industrial equipment. Engineered Structures produces titanium ingots and mill products for aerospace and defence and is vertically integrated into titanium forgings, extrusions and machining for airframe, wing, aero-engine and landing gear components, along with aluminium and nickel forgings and machined components and assemblies. Forged Wheels makes lightweight, high-strength forged aluminium wheels for trucks, buses and trailers under the Alcoa Wheels brand, including designs using its MagnaForce alloy and its Dura-Bright surface treatment, which resists corrosion and cuts maintenance; against standard steel wheels the aluminium versions deliver up to 59% weight saving per tractor-trailer.

Two acquisitions

On 22 December 2025 the company agreed with Stanley Black & Decker to buy Consolidated Aerospace Manufacturing, a wholly owned subsidiary of that group, for cash, with closing expected in the first half of 2026 subject to customary conditions and regulatory approvals; those operations are expected to sit in Fastening Systems. On 6 February 2026 it bought Brunner Manufacturing, a small privately held maker of fastener products in the United States, for cash, and that business is also to be reported within Fastening Systems.

Inputs, competition and people

Important raw materials in 2025 included ceramics, cobalt, nickel alloys and stainless steels, titanium alloys, platinum, superalloy materials, aluminium alloys, titanium sponge, titanium scrap, steels, vanadium alloys and energy across the four segments. These are generally bought from third-party suppliers under competitively priced supply contracts or bidding arrangements, and the filing states that the materials the business needs are and will continue to be available. All four segments face substantial and intense competition, and although the company points to its technology, manufacturing processes and experience, many of its products can be made by competitors using similar or alternative processes. It states that it continues as a market leader in most of its principal markets, resting on technological expertise, capabilities, capacity, quality, engaged employees and long-standing customer relationships. The filing also notes that international competition in castings, fasteners, rings and forgings may increase through alliances among engine manufacturers, aero-structure prime contractors and overseas companies, particularly where offset or local content rules create purchase obligations. Total worldwide employment at the end of 2025 was approximately 25,430 people in 23 countries.

From Howmet Aerospace's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Howmet Aerospace became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 29 October 2026
Revenue
$2.7 billion
+29.4% on the year · +6.1% on the quarter
Q4 FY2024Q3 FY2026
Net income
$567 million
+47.3% on the year · +6.2% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.42
+49.5% on the year · +6.8% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 12 February 2026
Revenue
$8.3 billion
+11.1% on the year
FY2018FY2025
Net income
$1.5 billion
+30.6% on the year
FY2018FY2025
Diluted EPS
$3.71
+32.0% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsHowmet Aerospace (HWM) reported revenue of $8.3 billion for fiscal 2025, the year ended 31 December 2025, up 11.1% on the year before. Net income was $1.5 billion and diluted earnings per share $3.71. Revenue was $7.4 billion in fiscal 2024, $6.6 billion in fiscal 2023, $5.7 billion in fiscal 2022 and $5.0 billion in fiscal 2021. Net income in the same years was $1.2 billion, $765 million, $469 million and $258 million. Over the twelve months to 30 September 2026, Howmet Aerospace reported revenue of $9.7 billion and net income of $2.1 billion. Revenue grew 9.4% a year, compounded, over the five years to fiscal 2025. Howmet Aerospace declared $0.50 a share in dividends over the last four quarters and had 398 million shares outstanding at the latest filed count. At 30 September 2026 it carried $4.4 billion of debt and $507 million of cash. At the close of 6 November 2026 the market cap of Howmet Aerospace was $81.9 billion, 40.3 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE35.6%
ROCE26.8%
Operating margin28.1%
Net margin21.1%
FCF margin19.8%
Interest cover15.2x
Debt to equity0.77x
Cash conversion1.17x
Share count, last 12 months-1.2%
Sales CAGR, 3 years13.4%
Profit CAGR, 3 years47.6%
EPS, TTM$5.11

At the close of 6 November 2026

Price$205.81
Market cap$81.9 billion
Stock P/E40.3x
Price to book14.2x
EV / EBITDA28.1x
Dividend yield0.2%
Market cap / sales8.4x
52-week high$292.65
52-week low$185.88
Price, 1 year0.0%
Price CAGR, 3 years62.2%
Price CAGR, 5 years43.9%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the total debt Howmet Aerospace Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HWMgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 * †Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,2851,3241,3931,4331,5131,6031,6481,6581,7311,8241,8801,8351,8911,9422,0532,0892,1682,3132,5472,703
Cost of revenue9389509871,0561,1101,1641,1961,1831,2301,2901,2871,2531,2891,2901,3651,3651,4121,4591,5961,700
Gross profit3473744063774034394524755015345935826026526887247568549511,003
Gross margin27%28%29%26%27%27%27%29%29%29%32%32%32%34%34%35%35%37%37%37%
R&D4.07.09.07.09.09.09.09.09.010.07.09.07.08.09.010.010.09.08.011.0
SG&A61.069.083.073.063.075.088.087.083.088.097.085.077.085.089.010096.0111148120
Operating income147230241228220285285307326369398421445494521542489753711777
Operating margin11%17%17%16%15%18%17%19%19%20%21%23%24%25%25%26%23%33%28%29%
Interest expense58.058.057.057.057.057.055.054.052.049.049.044.040.039.038.037.037.043.051.048.0
Pre-tax income78.0171183104148220243242270303334354392446469495430708649721
Tax rate1%23%20%23%25%33%21%22%13%20%20%6%20%23%13%22%13%18%18%21%
Net income77.013114780.0111148193188236243266332314344407385372580534567
Net margin6%10%11%6%7%9%12%11%14%13%14%18%17%18%20%18%17%25%21%21%
Diluted EPS$0.18$0.31$0.35$0.19$0.26$0.35$0.46$0.45$0.57$0.59$0.65$0.81$0.77$0.84$1.00$0.95$0.92$1.44$1.33$1.42
Operating cash flow30355.015865.045523.0229191458177397244480253446531654453583709
Capital expenditure61.062.044.042.045.064.041.059.055.082.055.082.010211910210812494.0104147
Free cash flow242-7.011423.0410-41.018813240395.0342162378134344423530359479562
Buybacks20517560.010065.025.010025.010015060.0100190125175200200300300500
Dividends paid8.09.09.09.017.017.018.017.021.021.021.034.033.042.041.048.050.048.049.056.0
Shares outstanding422m418m416m414m412m412m412m412m410m408m408m407m405m404m404m403m402m401m400m398m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue29,28026,90118,43921,01324,95123,70023,03212,41312,39412,9606,7787,0985,2594,9725,6636,6407,4308,2529,731
Cost of revenue22,80322,17516,90217,17420,48020,40119,286n/an/a10,2215,1145,2143,8783,5964,1034,7735,1195,4326,167
Gross profit6,4774,7261,5373,8394,4713,2993,746n/an/a2,7391,6641,8841,3811,3761,5601,8672,3112,8203,564
Gross margin22.1%17.6%8.3%18.3%17.9%13.9%16.3%n/an/a21.1%24.6%26.5%26.3%27.7%27.5%28.1%31.1%34.2%36.6%
Research and development23824616917418419719216913010941.028.017.017.032.036.033.037.038.0
Selling, general and administrative1,4441,1671,0099611,0279971,008765924715371400277251288333347370475
Operating incomen/an/an/an/a1,063324-1,8166289544807755796267489191,2031,6332,0462,730
Operating marginn/an/an/an/a4.3%1.4%-7.9%5.1%7.7%3.7%11.4%8.2%11.9%15.0%16.2%18.1%22.0%24.8%28.1%
Interest expense401407470494524490453473499496377338317259229218182151179
Pre-tax incomen/a792-1,4985481,063324-1,8161834144704282101713246069751,3831,8402,508
Income tax1,623342-5741482551624283391,47654411984.0-40.066.0137210228332455
Effective tax raten/a43.2%n/a27.0%24.0%50.0%n/a185.2%356.5%115.7%27.8%40.0%-23.4%20.4%22.6%21.5%16.5%18.0%18.1%
Net income2,564-74.0-1,151254611191-2,285-322-941-74.06424702612584697651,1551,5082,053
Net margin8.8%-0.3%-6.2%1.2%2.4%0.8%-9.9%-2.6%-7.6%-0.6%9.5%6.6%5.0%5.2%8.3%11.5%15.5%18.3%21.1%
Diluted EPS$8.82-$0.30-$3.69$0.72$1.65$0.54-$6.42-$0.93-$2.31-$0.28$1.30$1.03$0.59$0.59$1.11$1.83$2.81$3.71$5.11
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Engine Productsn/an/a3,1083,3312,4112,2862,7023,2793,7424,32752.3%
Fastening Systemsn/an/a1,5311,5611,2451,0441,1171,3491,5771,74621.1%
Engineered Structuresn/an/a1,2281,2689347317968811,0751,15714.0%
Forged Wheelsn/an/a9669696799211,0581,1471,0541,03912.6%
Engineered Products and Solutions5,7285,943n/an/an/an/an/an/an/an/an/a
Global Rolled Products4,8655,000n/an/an/an/an/an/an/an/an/a
Transportation and Construction Solutions1,8022,011n/an/an/an/an/an/an/an/an/a
Engine Products FY2018 to FY2025Fastening Systems FY2018 to FY2025Engineered Structures FY2018 to FY2025Forged Wheels FY2018 to FY2025Engineered Products and Solutions FY2016 to FY2017Global Rolled Products FY2016 to FY2017Transportation and Construction Solutions FY2016 to FY2017
13.0FY20177.1FY20195.0FY20216.7FY20238.3FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2020 to FY2025

The adjusted EBITDA each segment reports. Costs Howmet Aerospace does not charge to a segment are left out, so the segments can add up to more than the company's own adjusted EBITDA.

FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Engine Products5405647298871,1501,43833.2%
Fastening Systems29523923427840653030.4%
Engineered Structures12510311111316624321.0%
Forged Wheels19229427830928729628.5%
Engine ProductsFastening SystemsEngineered StructuresForged Wheels
1,152FY20201,200FY20211,352FY20221,587FY20232,009FY20242,507FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Engine Products52%57%
Fastening Systems21%21%
Engineered Structures14%10%
Forged Wheels13%12%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an adjusted EBITDA figure. A margin is a segment's adjusted EBITDA over its own sales.

Revenue by product or service FY2016 to FY2025, 4 years left out

FY2016FY2017FY2022FY2023FY2024FY2025Share
of the parts, latest year
Aerospace - Commercialn/an/a2,6063,2293,8714,32252.4%
Aerospace - Defensen/an/a9231,0151,1641,40917.1%
Commercial Transportationn/an/a1,2831,4021,3081,24815.1%
Gas Turbinesn/an/an/a67475594411.4%
Othern/a120n/a3203323294.0%
Aerospace5,300n/an/an/an/an/an/a
Aluminum extrusionsn/a471n/an/an/an/an/a
Architectural aluminum systemsn/a1,069n/an/an/an/an/a
Building and construction1,260n/an/an/an/an/an/a
Engine productsn/a2,965n/an/an/an/an/a
Engineered structuresn/a1,023n/an/an/an/an/a
Fastening systemsn/a1,484n/an/an/an/an/a
Forged wheelsn/a828n/an/an/an/an/a
Industrial and Other3,203n/a851n/an/an/an/a
Innovative flat-rolled productsn/a5,000n/an/an/an/an/a
Transportation2,632n/an/an/an/an/an/a
Aerospace - Commercial FY2022 to FY2025Aerospace - Defense FY2022 to FY2025Commercial Transportation FY2022 to FY2025Gas Turbines FY2023 to FY2025Other FY2017 to FY2025Industrial and Other FY2016 to FY2022Innovative flat-rolled products FY2017Engine products FY2017Fastening systems FY2017Architectural aluminum systems FY2017Engineered structures FY2017Forged wheels FY2017Aluminum extrusions FY2017Aerospace FY2016Transportation FY2016Building and construction FY2016
12.4FY201613.0FY20175.7FY20226.6FY20237.4FY20248.3FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
United States7,8238,1673,2653,5342,7822,5422,9283,2733,7134,37753.0%
Other3552578257835866307429099401,02512.4%
France9309654624803273303945786786257.6%
Japan1451411121683883193193783555136.2%
Germany2843091961953092572923634584395.3%
United Kingdom7117215235462312132282833503764.6%
Italyn/an/an/an/a1811811802202872643.2%
Canada2622611551791191271381451741872.3%
Mexicon/an/an/an/a1852252352632201662.0%
PLn/an/an/an/a7677961301521501.8%
China5826154384207571111981031301.6%
Brazil250285165131n/an/an/an/an/an/an/a
HU619739385385n/an/an/an/an/an/an/a
RU433500252277n/an/an/an/an/an/an/a
United StatesOtherFranceJapanGermanyUnited KingdomItaly FY2020 to FY2025HU FY2016 to FY2019Other
13.0FY20177.1FY20195.0FY20216.6FY20238.3FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3,1111,2341,3652,2612,1931,4971,5781,58295.0-39.02174619.04497339011,2981,8842,399
Capital expenditure3,6143,4131,6171,0151,2871,2611,1931,1801,125596768641267199193219321453469
Free cash flow-503-2,179-2521,246906236385402-1,030-635-551-180-2582505406829771,4311,930
Free cash flow margin-1.7%-8.1%-1.4%5.9%3.6%1.0%1.7%3.2%-8.3%-4.9%-8.1%-2.5%-4.9%5.0%9.5%10.3%13.1%17.3%19.8%
Cash from investing-1,625-2,410-721-1,272-1,852-759-1,290n/a5911,320565528271107-135-215-316-438-2,168
Cash from financing-1,5381,47837.0-95262.0-798-679n/a-757-1,015-649-1,568-369-1,444-526-868-1,026-1,269-384
Depreciation and amortisation1,2451,2341,3111,4511,4811,4621,4221,2801,132551576536338270265272277283324
Share-based compensation97.094.087.084.083.067.071.077.076.054.040.069.046.040.054.050.063.073.0n/a
Buybacks2,4961,0820.0n/an/an/an/an/an/a0.00.01,15073.04304002505007001,300
Dividends paid59055622812513113113222322816211957.011.019.044.073.0109181203
Dividend per share$2.04$2.04$0.78$0.36$0.36$0.36$0.36$0.36$0.36$0.24$0.24$0.12$0.02$0.04$0.10$0.17$0.26$0.44$0.50
Diluted shares, weightedn/a271m312m342m387m359m357m420m438m451m503m463m439m435m421m416m410m406m400m
Shares outstanding at period endn/a267m325m341m355m356m357m437m439m481m483m433m433m422m412m410m405m402m398m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity18,47611,73512,42013,61113,84413,19910,59312,0465,1154,9105,5734,5913,5773,5083,6014,0374,5545,3535,762
Non-controlling interestn/a2,5973,1003,4753,3513,3242,9292,08526.014.012.014.00.00.0n/an/an/an/an/a
Short-term borrowingsn/a478176n/an/an/an/a38.040.0n/a4341,0343765.00.0n/an/an/an/a
Debtn/a8,5659,6439,1659,3718,8298,3198,7898,0486,8446,3015,9405,0754,2324,1623,7063,3153,0504,443
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a98.010081.083.097.0119121132
Other liabilitiesn/a14,44713,13313,04213,55414,82713,90113,5706,8096,9506,3735,9012,3152,3932,4092,5882,5312,6552,943
Total liabilities and equityn/a37,82238,47239,29340,12040,17935,74236,52820,03818,71818,69317,57811,44310,21910,25510,42810,51911,17913,280
Owned
Fixed assetsn/a17,45519,82820,16119,28218,94717,6395,4255,4995,5945,7042,6292,5922,4672,3322,3282,3862,5932,912
Goodwilln/a4,9815,0515,0285,1575,1703,4155,2495,1484,5354,1864,0674,1024,0674,0134,0354,0104,0225,098
Intangible assetsn/an/a5901,1871,1821,1871,2671,909988987919599571549521505475457855
Investmentsn/a1,9151,0611,3401,6261,8601,9071,685n/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents4837621,4811,5431,9391,8611,4371,9191,8632,1502,2771,5771,610720791610564742507
Receivablesn/a1,8831,5291,5911,5711,3991,2219609741,0351,0475833283675066756897791,116
Inventoryn/a3,2382,3282,5842,8992,8252,7052,2842,2532,4802,4921,6071,4881,4021,6091,7651,8401,8492,113
Other assetsn/a7,5886,6045,8596,4646,9306,15117,0973,3131,9372,0686,516752647483510555737679
Total assetsn/a37,82238,47239,29340,12040,17935,74236,52820,03818,71818,69317,57811,44310,21910,25510,42810,51911,17913,280
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded-4.0%9.4%13.4%22.0%
Profit growth, compoundedn/a42.0%47.6%41.6%
Return on equity, average10.2%18.6%24.2%28.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Howmet Aerospace's revenue in fiscal 2025?

Howmet Aerospace (HWM) reported revenue of $8.3 billion for fiscal 2025, the year ended 31 December 2025, up 11.1% on the year before.

How much did Howmet Aerospace earn in fiscal 2025?

Net income was $1.5 billion for fiscal 2025, and diluted earnings per share $3.71.

What is Howmet Aerospace's P/E ratio?

At the close of 6 November 2026, Howmet Aerospace traded at 40.3 times its earnings over the twelve months to 30 September 2026.

What is Howmet Aerospace's market cap?

The market cap of Howmet Aerospace was $81.9 billion at the close of 6 November 2026.

Does Howmet Aerospace pay a dividend?

Yes. Howmet Aerospace declared $0.50 a share in dividends over the four quarters to 30 September 2026.

Peers: Steel Works Etc

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Corning Inc. GLW$91.4 billion42.9815.7%16.5%18.8%0.601.1%
Howmet Aerospace Inc. HWM$81.9 billion40.2735.6%28.1%22.0%0.770.2%
Nucor Corp. NUE$55.6 billion19.5313.0%n/a17.2%0.320.9%
Steel Dynamics Inc. STLD$31.8 billion16.4519.9%11.5%26.0%0.430.9%
ATI Inc. ATI$23.8 billion43.8927.7%16.5%9.4%0.93n/a
POSCO Holdings Inc. PKX *$14.8 billion28.531.2%2.1%-6.1%0.514.4%
Carpenter Technology Corp. CRS$13.8 billion24.5426.1%23.4%10.2%0.320.3%
Mueller Industries Inc. MLI$11.5 billion13.5824.6%21.5%20.8%0.001.2%
Alcoa Corp. AA$10.4 billion6.8318.5%n/a11.2%0.581.0%
Commercial Metals Co. CMC$6.9 billion10.6114.0%7.6%20.5%0.681.2%
Kaiser Aluminum Corp. KALU$1.7 billion8.2522.4%7.7%40.4%1.062.9%
Quanex Building Products Corp. NX$949 million20.926.1%6.0%1.3%0.891.5%
All 26 in Steel Works Etc
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Corning Inc. GLW$91.4 billion42.9815.7%16.5%18.8%0.601.1%
Howmet Aerospace Inc. HWM$81.9 billion40.2735.6%28.1%22.0%0.770.2%
Nucor Corp. NUE$55.6 billion19.5313.0%n/a17.2%0.320.9%
Steel Dynamics Inc. STLD$31.8 billion16.4519.9%11.5%26.0%0.430.9%
ATI Inc. ATI$23.8 billion43.8927.7%16.5%9.4%0.93n/a
POSCO Holdings Inc. PKX *$14.8 billion28.531.2%2.1%-6.1%0.514.4%
Carpenter Technology Corp. CRS$13.8 billion24.5426.1%23.4%10.2%0.320.3%
Mueller Industries Inc. MLI$11.5 billion13.5824.6%21.5%20.8%0.001.2%
Alcoa Corp. AA$10.4 billion6.8318.5%n/a11.2%0.581.0%
Commercial Metals Co. CMC$6.9 billion10.6114.0%7.6%20.5%0.681.2%
Belden Inc. BDC$3.8 billion22.0012.7%9.0%17.7%2.190.2%
Century Aluminum Co. CENX$3.3 billion3.9252.1%30.7%18.7%0.28n/a
Worthington Enterprises, Inc. WOR$3.0 billion18.2915.6%5.6%18.4%0.291.3%
Constellium SE CSTM$2.9 billion5.3343.0%n/a26.1%1.36n/a
Worthington Steel, Inc. WS$1.8 billionn/a-3.7%0.1%69.1%2.131.7%
Kaiser Aluminum Corp. KALU$1.7 billion8.2522.4%7.7%40.4%1.062.9%
Gibraltar Industries, Inc. ROCK$1.1 billionn/a-5.5%7.4%38.1%1.37n/a
Quanex Building Products Corp. NX$949 million20.926.1%6.0%1.3%0.891.5%
Nwpx Infrastructure, Inc. NWPX$841 million15.9712.2%11.8%15.9%0.06n/a
SunCoke Energy, Inc. SXC$831 millionn/a-9.2%-1.3%2.9%1.004.9%
Metallus Inc. MTUS$687 million30.253.3%n/a10.8%0.00n/a
Matthews International Corp. MATW$604 millionn/a-6.0%6.3%-31.8%1.175.3%
Insteel Industries Inc. IIIN$517 million17.597.8%n/a14.2%0.004.2%
Friedman Industries Inc. FRD$259 million6.2922.6%8.3%73.7%0.580.4%
DMC Global Inc. BOOM$144 millionn/a-2.8%0.7%-1.6%0.21n/a
Optical Cable Corp. OCC$77 million32.4517.4%4.2%13.9%0.61n/a
3 companies share its SEC industry code (Rolling Drawing & Extruding Of Nonferrous Metals); the rest are the names nearest in size in its wider industry, Steel Works Etc, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on HWM

Dividends$0.50 a share over the four quarters to 30 September 2026, a 0.24% yield
Filings25 in twelve months: 15 current reports (8-K), about 7 other events; 4 results of operations; 3 regulation FD disclosure; 2 new financial obligation; 1 shareholder vote
Planned insider sales5 Form 144 notices in twelve months, $59.8 million; latest 11 May 2026
Options tapeput/call 2.03 by open interest at the 6 November 2026 close; the straddle prices a 5.4% move to 13 November 2026
13F holders1,616 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest10.6 million shares short, 3.99 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202629 October 2026EDGAR
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 202430 July 2024EDGAR

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