H 
Howmet Aerospace HWM · USD
Industrials · Aerospace & Defense · US listing · 🇺🇸 United States
S&P 500
216.24
+5.07%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$8.25bn
FY2016FY2025
Net income
$1.51bn
FY2016FY2025
Free cash flow
$1.43bn
FY2016FY2025
Shareholders' equity
$5.35bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.25bn | $7.43bn | $6.64bn | $5.66bn | $4.97bn | $5.26bn | $7.10bn | $14.02bn | $12.96bn | $12.39bn |
| Gross profit | $2.54bn | $2.05bn | $1.61bn | $1.35bn | $1.13bn | $1.14bn | $1.61bn | $2.05bn | $2.19bn | $2.10bn |
| Research and development | $37.0m | $33.0m | $36.0m | $32.0m | $17.0m | $17.0m | $28.0m | $103.0m | $109.0m | $132.0m |
| Operating income | $2.13bn | $1.67bn | $1.19bn | $835.0m | $866.0m | $849.0m | $548.0m | $1.24bn | $947.0m | $897.0m |
| Net income | $1.51bn | $1.16bn | $765.0m | $469.0m | $258.0m | $211.0m | $470.0m | $642.0m | −$74.0m | −$941.0m |
| Diluted earnings per share | 3.73 | 2.83 | 1.85 | 1.12 | 0.60 | 0.49 | 1.06 | 1.28 | -0.15 | -2.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $11.18bn | $10.52bn | $10.43bn | $10.26bn | $10.22bn | $11.45bn | $17.58bn | $18.69bn | $18.72bn | $20.04bn |
| Cash and short-term investments | $742.0m | $564.0m | $610.0m | $791.0m | $720.0m | $1.61bn | $1.58bn | $2.28bn | $2.15bn | $1.86bn |
| Total liabilities | $5.83bn | $5.96bn | $6.39bn | $6.65bn | $6.71bn | $7.87bn | $12.96bn | $13.11bn | $13.79bn | $14.88bn |
| Debt | $3.05bn | $3.31bn | $3.71bn | $4.16bn | $4.23bn | $5.08bn | $5.94bn | $6.33bn | $6.84bn | $8.08bn |
| Shareholders' equity | $5.35bn | $4.55bn | $4.04bn | $3.60bn | $3.51bn | $3.58bn | $4.61bn | $5.57bn | $4.91bn | $5.14bn |
| Shares outstanding | 404m | 408m | 414m | 419m | 431m | 434m | 442m | 503m | 481m | 438m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $1.88bn | $1.30bn | $901.0m | $733.0m | $449.0m | $9.0m | $406.0m | $217.0m | $701.0m | $873.0m |
| Capital spending | −$453.0m | −$321.0m | −$219.0m | −$193.0m | −$199.0m | −$267.0m | −$586.0m | −$768.0m | −$596.0m | −$1.13bn |
| Free cash flow | $1.43bn | $977.0m | $682.0m | $540.0m | $250.0m | −$258.0m | −$180.0m | −$551.0m | $105.0m | −$252.0m |
| Dividends paid | −$181.0m | −$109.0m | −$73.0m | −$44.0m | −$19.0m | −$11.0m | −$57.0m | −$119.0m | −$162.0m | −$228.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.55bn | $2.31bn | $2.17bn | $2.09bn | $2.05bn | $1.94bn | $1.89bn | $1.83bn |
| Gross profit | $951.0m | $854.0m | $683.0m | $652.0m | $619.0m | $583.0m | $541.0m | $514.0m |
| Operating income | $711.0m | $753.0m | $577.0m | $542.0m | $521.0m | $490.0m | $457.0m | $420.0m |
| Net income | $534.0m | $580.0m | $372.0m | $385.0m | $407.0m | $344.0m | $314.0m | $332.0m |
| Diluted earnings per share | 1.33 | 1.44 | 0.92 | 0.95 | 1.01 | 0.85 | 0.77 | 0.81 |
| Cash from operations | $583.0m | $453.0m | $654.0m | $531.0m | $446.0m | $253.0m | $480.0m | $244.0m |
| Capital spending | −$104.0m | −$94.0m | −$124.0m | −$329.0m | −$102.0m | −$119.0m | −$102.0m | −$82.0m |
| Free cash flow | $479.0m | $359.0m | $530.0m | $202.0m | $344.0m | $134.0m | $378.0m | $162.0m |
| Total assets | $13.25bn | $13.07bn | $11.18bn | $11.18bn | $11.05bn | $10.77bn | $10.52bn | $10.56bn |
| Cash and short-term investments | $563.0m | $2.44bn | $742.0m | $664.0m | $545.0m | $536.0m | $564.0m | $475.0m |
| Debt | $4.50bn | $4.69bn | $3.05bn | $3.23bn | $3.30bn | $3.36bn | $3.35bn | $3.39bn |
| Shareholders' equity | $5.73bn | $5.52bn | $5.35bn | $5.14bn | $5.04bn | $4.79bn | $4.55bn | $4.50bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.7% | 27.6% | 24.3% | 23.9% | 22.8% | 21.7% |
| Operating margin | 25.8% | 22.5% | 18.0% | 14.7% | 17.4% | 16.1% |
| Net margin | 18.3% | 15.5% | 11.5% | 8.3% | 5.2% | 4.0% |
| Return on equity | 28.2% | 25.4% | 18.9% | 13.0% | 7.4% | 5.9% |
| Return on assets | 13.5% | 11.0% | 7.3% | 4.6% | 2.5% | 1.8% |
| Free cash flow yield | 2.5% | 1.7% | 1.2% | 1.0% | 0.6% | 0.3% |
| Revenue growth | 11.1% | 11.9% | 17.3% | 13.9% | -5.5% | -25.9% |
| Earnings growth | 30.6% | 51.0% | 63.1% | 81.8% | 22.3% | -55.1% |
| Current ratio | 2.13x | 2.17x | 1.86x | 2.12x | 2.18x | 2.21x |
| Debt to equity | 0.57x | 0.74x | 0.93x | 1.16x | 1.22x | 1.43x |
| Equity ratio | 47.9% | 43.3% | 38.7% | 35.1% | 34.3% | 31.3% |
| Interest coverage | 14.11x | 9.19x | 5.47x | 3.65x | 3.34x | 2.23x |
| R&D as a share of sales | 0.4% | 0.4% | 0.5% | 0.6% | 0.3% | 0.3% |
| Buybacks as a share of market value | 1.0% | 1.4% | 1.2% | 2.9% | 0.5% | 1.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.4% | 9.4% | -4.0% |
| Operating income | 36.6% | 20.2% | 9.5% |
| Net income | 47.6% | 48.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.3% | 27.0% | 25.7% | 20.1% |
| Operating margin | 24.2% | 20.8% | 19.7% | 12.4% |
| Net margin | 17.0% | 13.9% | 11.4% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 54.9 | 38.6 | 29.3 | 35.2 | 53.2 | 58.6 | 22.2 | 10.1 | -135.9 | -6.6 |
| Price to sales | 10.0 | 6.0 | 3.4 | 2.9 | 2.8 | 2.4 | 1.5 | 0.5 | 0.8 | 0.5 |
Market value over time
31 Oct 2016 to 8 Sept 2026, in USD
$7.49bn$93.08bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 84% | 101% | 43% | 28% | 11% | 10% | 79% | -33% | 30% | 6% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 7 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.38 | 0.44 | 0.26 | 0.22 | 0.10 | 0.04 | 0.02 | 0.12 |
- 3-to-1 reverse split · 6 Oct 2016
- 2-for-1 split · 12 Jun 2000
- 2-for-1 split · 26 Feb 1999
- 2-for-1 split · 27 Feb 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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