HWM
Howmet Aerospace Inc.Stock · IndustrialsS&P 500 Equal Weight 0.2% · S&P 500 0.2% · Russell 1000 0.2% · US Stock Market 0.1% · Russell 3000 0.1% · MSCI World 0.1% · MSCI ACWI 0.09%$229.61+0.75%
as of market close, Sep 11, 2026
☾ AH — —
HWM financial statements
The full income statement, balance sheet, and cash-flow statement for Howmet Aerospace Inc. (HWM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 408.1M2024-09 406.3M2024-12 405.0M2025-03 403.7M2025-06 403.1M2025-09 402.1M2025-12 400.9M2026-03 400.1M2026-06 398.8M-2.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.25B+11.1% | 7.43B+11.9% | 6.64B+17.3% | 5.66B+13.9% | 4.97B-5.5% | |
| Research & development | 37.0M+12.1% | 33.0M-8.3% | 36.0M+12.5% | 32.0M+88.2% | 17.0M+0.0% | |
| Selling, general & administrative | 370M+6.6% | 347M+4.2% | 333M+15.6% | 288M+14.7% | 251M-9.4% | |
| Restructuring | — | — | — | 56.0M-37.8% | 90.0M-50.5% | |
| Amortization of intangibles | 32.0M-3.0% | 33.0M-5.7% | 35.0M-2.8% | 36.0M+0.0% | 36.0M-10.0% | |
| Operating income | 2.05B+25.3% | 1.63B+35.7% | 1.20B+30.9% | 919M+22.9% | 748M+19.5% | |
| Interest expense | 176M-9.7% | 195M-10.6% | 218M-4.8% | 229M-11.6% | 259M-18.3% | |
| Interest & investment income | 20.0M+0.0% | 20.0M-13.0% | 23.0M+283.3% | 6.00M | — | |
| Net interest income | — | — | -218M+4.8% | -229M+11.6% | -259M+18.3% | |
| Other non-operating income | -40.0M+35.5% | -62.0M-675.0% | -8.00M-500.0% | 2.00M-71.4% | 7.00M+115.2% | |
| Pre-tax income | 1.84B+33.0% | 1.38B+41.8% | 975M+60.9% | 606M+87.0% | 324M+89.5% | |
| Income tax | 332M+45.6% | 228M+8.6% | 210M+53.3% | 137M+107.6% | 66.0M+265.0% | |
| 1.51B+30.6% | 1.16B+51.0% | 765M+63.1% | 469M+81.8% | 258M-1.1% | ||
| Income from continuing operations | — | — | — | 469M+81.8% | 258M+22.3% | |
| Preferred dividends | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | 2.00M+0.0% | |
| Net income to common | 1.51B+30.6% | 1.15B+51.1% | 763M+63.4% | 467M+82.4% | 256M-1.2% | |
| $3.71+32.0% | $2.81+53.6% | $1.83+64.9% | $1.11+88.1% | $0.59 | ||
| EPS (basic) | $3.73+31.8% | $2.83+53.0% | $1.85+65.2% | $1.12+86.7% | $0.60 | |
| Weighted-avg shares (basic) | 404M-1.0% | 408M-1.0% | 412M-1.0% | 416M-3.3% | 430M-1.1% | |
| Weighted-avg shares (diluted) | 406M-1.0% | 410M-1.4% | 416M-1.2% | 421M-3.2% | 435M-0.9% | |
| Dividends per share | $0.44+69.2% | $0.26+52.9% | $0.17+70.0% | $0.10+150.0% | $0.04-50.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.78B+12.4% | 3.36B+1.4% | 3.32B+5.5% | 3.14B+14.8% | 2.74B-25.5% | ||
| Cash & equivalents | 742M+31.6% | 564M-7.5% | 610M-22.9% | 791M+9.9% | 720M-55.3% | |
| Accounts receivable | 779M+13.1% | 689M+2.1% | 675M+33.4% | 506M+37.9% | 367M+11.9% | |
| Inventory | 1.85B+0.5% | 1.84B+4.2% | 1.76B+9.7% | 1.61B+14.8% | 1.40B-5.8% | |
| Prepaid expenses | 409M+64.3% | 249M+0.0% | 249M+20.9% | 206M+5.6% | 195M-10.1% | |
| 11.2B+6.3% | 10.5B+0.9% | 10.4B+1.7% | 10.3B+0.4% | 10.2B-10.7% | ||
| Property, plant & equipment | 2.59B+8.7% | 2.39B+2.5% | 2.33B-0.2% | 2.33B-5.5% | 2.47B-4.8% | |
| Operating lease right-of-use | 162M+4.5% | 155M+21.1% | 128M+15.3% | 111M+2.8% | 108M-17.6% | |
| Goodwill | 4.02B+0.3% | 4.01B-0.6% | 4.04B+0.5% | 4.01B-1.3% | 4.07B-0.9% | |
| Intangible assets | 457M-3.8% | 475M-5.9% | 505M-3.1% | 521M-5.1% | 549M-3.9% | |
| Deferred tax assets | 40.0M+14.3% | 35.0M-23.9% | 46.0M-14.8% | 54.0M-70.7% | 184M-32.4% | |
| Other non-current assets | 288M+14.7% | 251M+26.8% | 198M+3.1% | 192M-10.7% | 215M-8.1% | |
| 1.77B+14.3% | 1.55B-13.2% | 1.78B+20.4% | 1.48B+18.3% | 1.25B-24.5% | ||
| Accounts payable | 845M-10.9% | 948M-3.5% | 982M+2.1% | 962M+31.4% | 732M+22.2% | |
| Deferred revenue | 147M+145.0% | 60.0M | — | — | — | |
| Short-term & current debt | 191M+3083.3% | 6.00M-97.1% | 206M | 0.00-100.0% | 5.00M-98.7% | |
| Current lease liability | 42.0M+13.5% | 37.0M+15.6% | 32.0M+0.0% | 32.0M-3.0% | 33.0M-13.2% | |
| Other current liabilities | 121M+9.0% | 111M-44.5% | 200M-1.0% | 202M+10.4% | 183M-36.7% | |
| 5.83B-2.3% | 5.96B-6.7% | 6.39B-4.0% | 6.65B-0.8% | 6.71B-14.7% | ||
| Long-term debt | 2.86B-13.6% | 3.31B-5.5% | 3.50B-15.9% | 4.16B-1.5% | 4.23B-10.0% | |
| Deferred revenue (non-current) | 106M | — | — | — | — | |
| Non-current lease liability | 121M+1.7% | 119M+22.7% | 97.0M+16.9% | 83.0M+2.5% | 81.0M-19.0% | |
| Operating lease liability (total) | 163M+4.5% | 156M+20.9% | 129M+12.2% | 115M+0.9% | 114M-17.4% | |
| 5.35B+17.5% | 4.55B+12.8% | 4.04B+12.1% | 3.60B+2.7% | 3.51B-1.9% | ||
| Preferred stock | 0.00-100.0% | 55.0M+0.0% | 55.0M+0.0% | 55.0M+0.0% | 55.0M+0.0% | |
| Common stock | 402M-0.7% | 405M-1.2% | 410M-0.5% | 412M-2.4% | 422M-2.5% | |
| Additional paid-in capital | 2.53B-21.1% | 3.21B-12.9% | 3.68B-6.7% | 3.95B-8.0% | 4.29B-8.1% | |
| Retained earnings | 4.09B+48.0% | 2.77B+60.8% | 1.72B+67.3% | 1.03B+70.5% | 603M+65.7% | |
| Accumulated other comprehensive income | -1.67B+10.9% | -1.88B-2.6% | -1.83B+0.6% | -1.84B+1.2% | -1.86B+4.1% | |
| Non-controlling interest | — | — | — | — | 0.00 | |
| Total equity incl. non-controlling | — | — | — | 3.60B+2.7% | 3.51B-1.9% | |
| Total liabilities & equity | 11.2B+6.3% | 10.5B+0.9% | 10.4B+1.7% | 10.3B+0.4% | 10.2B-10.7% | |
| Common shares issued | 402M-0.9% | 405M-1.1% | 410M-0.5% | 412M-2.3% | 422M-2.6% | |
| Common shares outstanding | 402M-0.8% | 405M-1.2% | 410M-0.5% | 412M-2.4% | 422M-2.5% | |
| Shares outstanding (cover) | 401M-1.0% | 405M-1.3% | 410M-0.5% | 412M-1.6% | 419M-3.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.88B+45.1% | 1.30B+44.1% | 901M+22.9% | 733M+63.3% | 449M+4888.9% | ||
| Depreciation & amortization | 283M+2.2% | 277M+1.8% | 272M+2.6% | 265M-1.9% | 270M-20.1% | |
| Intangible amortization | 32.0M-3.0% | 33.0M-5.7% | 35.0M-2.8% | 36.0M+0.0% | 36.0M-10.0% | |
| Share-based compensation | 73.0M+15.9% | 63.0M+26.0% | 50.0M-7.4% | 54.0M+35.0% | 40.0M-13.0% | |
| Deferred income taxes | 17.0M-69.6% | 56.0M-48.6% | 109M+34.6% | 81.0M+113.2% | 38.0M+200.0% | |
| Change in inventory | 50.0M-52.8% | 106M-25.4% | 142M-39.3% | 234M+490.0% | -60.0M+18.9% | |
| -438M-38.6% | -316M-47.0% | -215M-59.3% | -135M-226.2% | 107M-60.5% | ||
| Capital expenditure | 453M+41.1% | 321M+46.6% | 219M+13.5% | 193M-3.0% | 199M-25.5% | |
| Free cash flow | 1.43B+46.5% | 977M+43.3% | 682M+26.3% | 540M+116.0% | 250M+196.9% | |
| Acquisitions | 0.00-100.0% | 5.00M | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 15.0M | 0.00-100.0% | 2.00M | — | — | |
| Other investing activities | 0.00+100.0% | -1.00M | 0.00 | 0.00+100.0% | -1.00M+50.0% | |
| -1.27B-23.7% | -1.03B-18.2% | -868M-65.0% | -526M+63.6% | -1.44B-291.3% | ||
| Long-term debt issued | 500M+0.0% | 500M+25.0% | 400M | 0.00-100.0% | 700M-70.8% | |
| Long-term debt repaid | 765M-11.6% | 865M-1.3% | 876M+1169.6% | 69.0M-95.5% | 1.54B-24.7% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 700M+40.0% | 500M+100.0% | 250M-37.5% | 400M-7.0% | 430M+489.0% | |
| Dividends paid | 181M+66.1% | 109M+49.3% | 73.0M+65.9% | 44.0M+131.6% | 19.0M+72.7% | |
| Other financing activities | -3.00M-200.0% | -1.00M | 0.00 | 0.00+100.0% | -21.0M+47.5% | |
| FX effect on cash | 1.00M+200.0% | -1.00M | 0.00+100.0% | -2.00M-100.0% | -1.00M+66.7% | |
| Net change in cash | 178M+495.6% | -45.0M+75.3% | -182M-360.0% | 70.0M+107.9% | -889M-866.3% | |
| Interest paid | 157M-12.8% | 180M-18.6% | 221M-1.3% | 224M-16.1% | 267M-33.4% | |
| Income taxes paid | 312M+76.3% | 177M+70.2% | 104M+108.0% | 50.0M-5.7% | 53.0M+260.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 82.2B+85.6% | 44.3B+98.8% | 22.3B+36.7% | 16.3B+22.3% | 13.3B+7.7% | |
| P/E | 54.5×+42.1% | 38.4×+10.2% | 34.8×-7.1% | 37.5×-27.5% | 51.7×+9.0% | |
| P/S | 10.0×+67.1% | 6.0×+71.8% | 3.5×+15.7% | 3.0×+11.9% | 2.7×+14.0% | |
| P/B | 15.4×+57.9% | 9.7×+69.0% | 5.8×+15.5% | 5.0×+31.1% | 3.8×+9.9% | |
| P/FCF | 57.4×+26.7% | 45.3×+40.2% | 32.3×-26.2% | 43.8×-17.8% | 53.3× | |
| Earnings yield | 1.8%-29.6% | 2.6%-9.2% | 2.9%+7.6% | 2.7%+37.9% | 1.9%-8.3% | |
| FCF yield | 1.7%-21.1% | 2.2%-28.7% | 3.1%+35.5% | 2.3%+21.7% | 1.9% | |
| Dividend yield | 0.21%-9.7% | 0.24%-24.3% | 0.31%+23.8% | 0.25%+101.9% | 0.13%-55.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HWM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HWM filings on SEC EDGAR → Not investment advice.