Howmet Aerospace Inc. (HWM)

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania.

Symbol: HWM
Exchange: NYSE
Sector: Industrials
Industry: Aerospace & Defense
Market cap: $92.51B
52 week range: 183.83 - 310

Valuation

Share price: $231.27 (close of 2026-10-02)
P/E (TTM): 49.74x
Price to book: 16.14x
Price to free cash flow: 51.65x
Enterprise value: $96.61B
Book value per share: $14.33

Price performance

Period	Change
1 day	+1.27%
5 days	-0.52%
1 month	-8.57%
3 months	-14.47%
6 months	-0.61%
Year to date	+12.80%
1 year	+21.03%
3 years	+409.18%
5 years	+613.14%
All time	+1493.87%

Members of Congress who disclosed HWM trades

Byron Donalds · Lisa McClain · Alan Armstrong · Ashley Moody · Julie Johnson

Super investors holding HWM

Ken Griffin (Citadel) · Polen Capital Mgmt (Polen Capital Management LLC) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 28.17%
Return on invested capital: 21.91%
Return on assets: 13.49%
Return on capital employed: 21.75%
Gross margin: 29.73%
Net margin: 18.27%
EBITDA margin: 28.22%
Revenue growth: 11.06%
Net income growth: 30.56%
Free cash flow growth: 46.47%

Cash flow and balance sheet

Free cash flow yield (TTM): 1.94%
Current ratio: 1.82x
Net debt to EBITDA: 1.49x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $8.25B
Cost of revenue: $5.80B
Gross profit: $2.45B
EBITDA: $2.33B
Net income: $1.51B
Earnings per share: $3.73
Research and development: $37.00M
Interest expense: $176.00M
Shares outstanding: 404.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$8.25B	$2.45B	$1.51B	$3.73
2024-12-31	$7.43B	$2.01B	$1.16B	$2.83
2023-12-31	$6.64B	$1.57B	$765.00M	$1.85
2022-12-31	$5.66B	$1.24B	$469.00M	$1.12
2021-12-31	$4.97B	$1.02B	$258.00M	$0.60
2020-12-31	$5.26B	$920.00M	$261.00M	$0.60
2019-12-31	$7.10B	$1.01B	$470.00M	$1.05
2018-12-31	$6.78B	$1.19B	$642.00M	$1.33
2017-12-31	$12.96B	$1.30B	-$74.00M	$-0.28
2016-12-31	$12.39B	$2.01B	-$941.00M	$-2.31

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	29.73%	18.27%	28.17%	21.91%
2024-12-31	27.09%	15.55%	25.36%	18.83%
2023-12-31	23.67%	11.52%	18.95%	13.67%
2022-12-31	21.88%	8.28%	13.02%	11.03%
2021-12-31	20.43%	5.19%	7.35%	9.56%
2020-12-31	17.49%	4.96%	7.30%	8.72%
2019-12-31	14.19%	6.62%	10.21%	5.44%
2018-12-31	17.51%	9.47%	11.53%	6.84%
2017-12-31	10.06%	-0.57%	-1.51%	2.51%
2016-12-31	16.20%	-7.59%	-18.30%	4.21%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$742.00M	$2.86B
2024-12-31	$564.00M	$3.31B
2023-12-31	$610.00M	$3.50B
2022-12-31	$791.00M	$4.16B
2021-12-31	$720.00M	$4.23B
2020-12-31	$1.61B	$4.70B
2019-12-31	$1.58B	$4.91B
2018-12-31	$2.28B	$5.90B
2017-12-31	$2.15B	$6.81B
2016-12-31	$1.86B	$8.04B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.43B	$73.00M
2024-12-31	$977.00M	$63.00M
2023-12-31	$682.00M	$50.00M
2022-12-31	$540.00M	$54.00M
2021-12-31	$250.00M	$40.00M
2020-12-31	-$258.00M	$46.00M
2019-12-31	-$180.00M	$69.00M
2018-12-31	-$551.00M	$40.00M
2017-12-31	-$635.00M	$54.00M
2016-12-31	-$1.03B	$76.00M

Dividend history

Most recent payment: 2026-08-07
Paid in the last twelve months: $0.50

Payment date	Dividend per share
2026-08-07	$0.14
2026-05-08	$0.12
2026-02-06	$0.12
2025-11-07	$0.12
2025-08-08	$0.12
2025-05-09	$0.10
2025-02-07	$0.10
2024-11-08	$0.08

Investor relations

Next earnings report

Next confirmed report: 2026-10-29
Consensus EPS estimate: $1.36

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-06	Jun/2026	$1.23
2026-05-07	Mar/2026	$1.11
2026-02-12	Dec/2025	$0.97
2025-10-30	Sep/2025	$0.91
2025-07-31	Jun/2025	$0.87
2025-05-01	Mar/2025	$0.77
2025-02-13	Dec/2024	$0.72
2024-11-06	Sep/2024	$0.65

Filings and sources

Company website: howmet.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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