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Howmet Aerospace Inc.Stock · IndustrialsS&P 500 0.2%
$289.46+$2.37 (+0.83%)as of market close, Jul 24, 2026
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How Howmet Aerospace makes money

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How does Howmet Aerospace make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Howmet Aerospace Inc. · FY2025 · year ended 2025-12-31
Revenue$8.3BGross profit$8.3B · 100%Cost of revenue$0 · 0%Operating income$2.0B · 25%Operating expenses$6.2B · 75%R&D$37M · 0%SG&A$370M · 4%Other opex$5.8B · 70%Pre-tax income$1.8B · 22%Other expense$206M · 2%Net income$1.5B · 18%Income tax$332M · 4%Aerospace Commercial$4.3B · 52%Aerospace Defense$1.4B · 17%Commercial Transportation$1.2B · 15%Gas Turbines$944M · 11%Product & Service Other$329M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.