Howmet Aerospace Inc.
HWM- Exchange
- NYSE
- Industry
- Rolling Drawing & Extruding of Nonferrous Metals
- SEC CIK
- 0000004281
No open-market purchases or sales by Howmet Aerospace Inc. insiders were filed in the last 90 days; 1,617 institutions reported holding it in 13F filings for Q2 2026, worth $97.9B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 13, 2025 | Feb 13, 2024 | Feb 14, 2023 | Feb 2, 2022 |
| Revenue | $8.25B | $7.43B | $6.64B | $5.66B | $4.97B |
| Research and development | $37.0M | $33.0M | $36.0M | $32.0M | $17.0M |
| Selling, general and administrative | $370.0M | $347.0M | $333.0M | $288.0M | $251.0M |
| Operating income | $2.05B | $1.63B | $1.20B | $919.0M | $748.0M |
| Interest expense | – | – | $218.0M | $229.0M | $259.0M |
| Income tax | $332.0M | $228.0M | $210.0M | $137.0M | $66.0M |
| Net income | $1.51B | $1.16B | $765.0M | $469.0M | $258.0M |
| EPS, basic | $3.73 | $2.83 | $1.85 | – | – |
| EPS, diluted | $3.71 | $2.81 | $1.83 | – | – |
| Weighted shares, basic | 404.0M | 408.0M | 412.0M | 416.0M | 430.0M |
| Weighted shares, diluted | 406.0M | 410.0M | 416.0M | 421.0M | 435.0M |
| Margins and growth | |||||
| Operating margin | 24.8% | 22.0% | 18.1% | 16.2% | 15.0% |
| Net margin | 18.3% | 15.5% | 11.5% | 8.3% | 5.2% |
| Revenue growth, year over year | +11.1% | +11.9% | +17.3% | +13.9% | −5.5% |
| Net income growth, year over year | +30.6% | +51.0% | +63.1% | +81.8% | −1.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 13, 2025 | Feb 13, 2024 | Feb 14, 2023 | Feb 2, 2022 |
| Cash and equivalents | $742.0M | $564.0M | $610.0M | $791.0M | $720.0M |
| Accounts receivable | $779.0M | $689.0M | $675.0M | $506.0M | $367.0M |
| Inventory | $1.85B | $1.84B | $1.76B | $1.61B | $1.40B |
| Total current assets | $3.78B | $3.36B | $3.32B | $3.14B | $2.74B |
| Property, plant and equipment | $2.59B | $2.39B | $2.33B | $2.33B | $2.47B |
| Goodwill | $4.02B | $4.01B | $4.04B | $4.01B | $4.07B |
| Intangible assets | $457.0M | $475.0M | $505.0M | $521.0M | $549.0M |
| Total assets | $11.2B | $10.5B | $10.4B | $10.3B | $10.2B |
| Accounts payable | $845.0M | $948.0M | $982.0M | $962.0M | $732.0M |
| Short-term debt | $191.0M | $6.00M | $206.0M | $0 | $5.00M |
| Total current liabilities | $1.77B | $1.55B | $1.78B | $1.48B | $1.25B |
| Long-term debt | $2.86B | $3.31B | $3.50B | $4.16B | $4.23B |
| Total liabilities | $5.83B | $5.96B | $6.39B | $6.65B | $6.71B |
| Shareholders' equity | $5.35B | $4.55B | $4.04B | $3.60B | $3.51B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 12, 2026 | Feb 13, 2025 | Feb 13, 2024 | Feb 14, 2023 | Feb 2, 2022 |
| Operating cash flow | $1.88B | $1.30B | $901.0M | $733.0M | $449.0M |
| Capital expenditures | $453.0M | $321.0M | $219.0M | $193.0M | $199.0M |
| Free cash flow | $1.43B | $977.0M | $682.0M | $540.0M | $250.0M |
| Depreciation and amortization | $283.0M | $277.0M | $272.0M | $265.0M | $270.0M |
| Stock-based compensation | $73.0M | $63.0M | $50.0M | $54.0M | $40.0M |
| Share buybacks | $700.0M | $500.0M | $250.0M | $400.0M | $430.0M |
| Investing cash flow | -$438.0M | -$316.0M | -$215.0M | -$135.0M | $107.0M |
| Financing cash flow | -$1.27B | -$1.03B | -$868.0M | -$526.0M | -$1.44B |
| Net change in cash | $178.0M | -$45.0M | -$182.0M | $70.0M | -$889.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.9% | 0.8% | 0.8% | 1.0% | 0.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 26, 2026 | 397.7M | −1.1% | SEC |
| Aug 3, 2026 | 398.8M | −1.1% | SEC |
| May 4, 2026 | 400.1M | −0.9% | SEC |
| Feb 9, 2026 | 400.9M | −1.0% | SEC |
| Oct 27, 2025 | 402.1M | −1.0% | SEC |
| Jul 28, 2025 | 403.1M | −1.2% | SEC |
| Apr 30, 2025 | 403.7M | −1.1% | SEC |
| Feb 10, 2025 | 405.0M | −1.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.