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Howmet Aerospace (HWM) | Financial Analysis & Statements

Howmet Aerospace Inc. | Large-cap | Industrials

$187.46

-0.95%

Howmet Aerospace vs General Electric Howmet Aerospace vs RTX Howmet Aerospace vs Boeing Howmet Aerospace vs Lockheed Martin Howmet Aerospace vs General Dynamics Howmet Aerospace vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 2.1B

Gross Profit 619.0M 30.15%

Operating Income 514.0M 25.04%

Net Income 407.0M 19.82%

Balance Sheet Metrics

Total Assets 10.8B

Total Liabilities 6.0B

Shareholders Equity 4.8B

Debt to Equity 1.25

Cash Flow Metrics

Operating Cash Flow 310.0M

Free Cash Flow 134.0M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Howmet Aerospace Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	7.4B	6.6B	5.7B	5.0B	5.3B
Cost of Goods Sold i	5.4B	4.8B	4.1B	3.6B	3.9B
Gross Profit i	2.0B	1.9B	1.6B	1.4B	1.4B
Gross Margin % i	27.4%	28.1%	27.5%	27.7%	26.3%
Operating Expenses
Research & Development i	33.0M	36.0M	32.0M	17.0M	17.0M
Selling, General & Administrative i	362.0M	343.0M	280.0M	259.0M	287.0M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	395.0M	379.0M	312.0M	276.0M	304.0M
Operating Income i	1.6B	1.2B	983.0M	830.0M	798.0M
Operating Margin % i	22.1%	18.3%	17.4%	16.7%	15.2%
Non-Operating Items
Interest Income i	20.0M	23.0M	6.0M	2.0M	5.0M
Interest Expense i	182.0M	218.0M	229.0M	259.0M	317.0M
Other Non-Operating Income	-94.0M	-46.0M	-154.0M	-249.0M	-315.0M
Pre-tax Income i	1.4B	975.0M	606.0M	324.0M	171.0M
Income Tax i	228.0M	210.0M	137.0M	66.0M	-40.0M
Effective Tax Rate % i	16.5%	21.5%	22.6%	20.4%	-23.4%
Net Income i	1.2B	765.0M	469.0M	258.0M	261.0M
Net Margin % i	15.5%	11.5%	8.3%	5.2%	5.0%
Key Metrics
EBITDA i	1.9B	1.5B	1.2B	1.1B	1.1B
EPS (Basic) i	$2.83	$1.85	$1.12	$0.60	$0.59
EPS (Diluted) i	$2.81	$1.83	$1.11	$0.59	$0.59
Basic Shares Outstanding i	408000000	412173414	416043332	429834301	435134173
Diluted Shares Outstanding i	408000000	412173414	416043332	429834301	435134173

Income Statement Trend

Howmet Aerospace Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	564.0M	610.0M	791.0M	720.0M	1.6B
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	689.0M	675.0M	506.0M	367.0M	328.0M
Inventory i	1.8B	1.8B	1.6B	1.4B	1.5B
Other Current Assets	249.0M	249.0M	206.0M	195.0M	217.0M
Total Current Assets i	3.4B	3.3B	3.1B	2.7B	3.7B
Non-Current Assets
Property, Plant & Equipment i	155.0M	128.0M	111.0M	108.0M	131.0M
Goodwill i	8.5B	8.6B	8.5B	8.7B	8.8B
Intangible Assets i	475.0M	505.0M	521.0M	549.0M	571.0M
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	131.0M	116.0M	135.0M	291.0M	375.0M
Total Non-Current Assets i	7.2B	7.1B	7.1B	7.5B	7.8B
Total Assets i	10.5B	10.4B	10.3B	10.2B	11.4B
Liabilities
Current Liabilities
Accounts Payable i	948.0M	982.0M	962.0M	732.0M	599.0M
Short-term Debt i	43.0M	238.0M	32.0M	38.0M	414.0M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	134.0M	168.0M	170.0M	150.0M	251.0M
Total Current Liabilities i	1.5B	1.8B	1.5B	1.3B	1.7B
Non-Current Liabilities
Long-term Debt i	3.4B	3.6B	4.2B	4.3B	4.8B
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	309.0M	254.0M	185.0M	226.0M	224.0M
Total Non-Current Liabilities i	4.4B	4.6B	5.2B	5.5B	6.2B
Total Liabilities i	6.0B	6.4B	6.7B	6.7B	7.9B
Equity
Common Stock i	405.0M	410.0M	412.0M	422.0M	433.0M
Retained Earnings i	2.8B	1.7B	1.0B	603.0M	364.0M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	4.6B	4.0B	3.6B	3.5B	3.6B
Key Metrics
Total Debt i	3.5B	3.8B	4.3B	4.3B	5.2B
Working Capital i	1.8B	1.5B	1.7B	1.5B	2.0B

Balance Sheet Composition

Howmet Aerospace Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	1.2B	765.0M	469.0M	258.0M	261.0M
Depreciation & Amortization i	277.0M	272.0M	265.0M	270.0M	338.0M
Stock-Based Compensation i	63.0M	50.0M	54.0M	41.0M	45.0M
Working Capital Changes i	-257.0M	-358.0M	-220.0M	-210.0M	-443.0M
Operating Cash Flow i	1.3B	827.0M	672.0M	411.0M	105.0M
Investing Activities
Capital Expenditures i	-	-	-	-	-
Acquisitions i	-5.0M	-	-	-	-
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	2.0M	0	6.0M	0
Investing Cash Flow i	5.0M	4.0M	58.0M	306.0M	538.0M
Financing Activities
Share Repurchases i	-500.0M	-250.0M	-400.0M	-430.0M	-73.0M
Dividends Paid i	-109.0M	-73.0M	-44.0M	-19.0M	-11.0M
Debt Issuance i	500.0M	400.0M	0	700.0M	2.4B
Debt Repayment i	-865.0M	-876.0M	-69.0M	-1.5B	-2.0B
Financing Cash Flow i	-1.0B	-879.0M	-542.0M	-1.5B	-402.0M
Free Cash Flow i	977.0M	682.0M	540.0M	250.0M	-258.0M
Net Change in Cash i	232.0M	-48.0M	188.0M	-749.0M	241.0M

Cash Flow Trend

Howmet Aerospace Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 54.32

Forward P/E 58.60

Price to Book 15.05

Price to Sales 9.70

PEG Ratio 58.60

Profitability Ratios

Profit Margin 18.09%

Operating Margin 25.04%

Return on Equity 29.98%

Return on Assets 10.57%

Financial Health

Current Ratio 2.31

Debt to Equity 67.99

Beta 1.45

Per Share Data

EPS (TTM) $3.42

Book Value per Share $12.34

Revenue per Share $19.04

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
hwm	74.9B	54.32	15.05	29.98%	18.09%	67.99
General Electric	310.7B	40.97	15.89	39.57%	18.64%	103.37
RTX	208.6B	34.25	3.34	10.32%	7.35%	67.86
Boeing	163.3B	-11.76	-43.51	303.40%	-14.18%	-16.88
Lockheed Martin	110.0B	26.45	20.50	73.06%	5.85%	405.66
General Dynamics	87.8B	21.94	3.72	17.92%	8.13%	45.03

Financial data is updated regularly. All figures are in the company's reporting currency.