Saturday 17 October 2026
Export HWM’s income statement to Excel — free account
Howmet Aerospace Inc.
HWM Industrials Aerospace & Defense
Howmet Aerospace Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 11.1% from fiscal 2024. In the quarter to June 2026, revenue grew 24.1%, EPS grew 31.7%, free cash flow grew 38.0% and total debt rose 24.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for five.
220.96
1.26
+0.57%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 9.72 | 22.26 | 48.37 | 53.95 | 34.88 | 28.89 | 38.78 | 54.82 |
Piotroski F-Score |
5 | 4 | 5 | 6 | 4 | 7 | 6 | 8 | 9 | 8 |
P/S ratio |
0.52 | 0.74 | 0.45 | 1.15 | 2.35 | 2.75 | 2.87 | 3.33 | 6.01 | 10.04 |
Altman Z-Score |
1.14 | 1.32 | 0.96 | 1.13 | 1.84 | 2.21 | 2.66 | 3.52 | 6.28 | 10.60 |
Altman Z″-Score (non-manufacturers) |
1.54 | 1.58 | 1.74 | 1.26 | 2.10 | 2.19 | 2.56 | 2.94 | 3.83 | 4.57 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 48.54 | 27.17 | 32.36 | 45.26 | 57.52 |
Beneish M-Score |
(3.04) | (2.54) | (1.85) | (2.80) | (3.08) | (2.35) | (2.40) | (2.29) | (2.53) | (2.55) |
P/Operating CF |
(57.12) | 28.75 | 14.67 | 23.00 | 81.89 | 45.17 | 35.71 | 48.33 | 92.96 | 126.65 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 78 |
P/B ratio |
1.27 | 1.97 | 1.13 | 2.24 | 3.51 | 3.96 | 4.58 | 5.56 | 9.92 | 15.47 |
Price to Tangible BV |
0.00 | 0.00 | 56.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,187.35 | 94.77 |
EV/Sales |
1.02 | 1.10 | 0.74 | 1.65 | 3.02 | 3.47 | 3.47 | 3.80 | 6.38 | 10.32 |
EV/EBITDA |
6.50 | 8.17 | 5.42 | 11.49 | 16.46 | 16.93 | 16.60 | 17.11 | 24.80 | 36.55 |
EV/Operating CF |
133.43 | (366.56) | 47.47 | 31.77 | 1,763.20 | 38.38 | 26.81 | 28.01 | 36.50 | 45.19 |
EV/FCF |
(37.50) | (22.20) | (42.57) | (190.24) | (110.20) | 61.11 | 32.86 | 36.89 | 48.05 | 59.12 |
Quick Ratio |
1.21 | 1.25 | 1.07 | 0.61 | 1.18 | 0.91 | 0.90 | 0.73 | 0.82 | 0.87 |
Current Ratio |
2.14 | 2.26 | 1.87 | 1.42 | 2.21 | 2.18 | 2.12 | 1.86 | 2.17 | 2.13 |
Net Debt/EBITDA |
2.98 | 2.68 | 3.00 | 3.95 | 3.63 | 3.48 | 2.87 | 2.10 | 1.44 | 0.99 |
Debt/Assets |
40.34% | 36.56% | 33.86% | 34.04% | 44.68% | 41.74% | 40.90% | 35.54% | 31.51% | 27.28% |
Debt/Equity |
1.57 | 1.39 | 1.13 | 1.30 | 1.43 | 1.22 | 1.16 | 0.92 | 0.73 | 0.57 |
Asset Turnover |
0.44 | 0.67 | 0.36 | 0.39 | 0.36 | 0.46 | 0.55 | 0.64 | 0.71 | 0.76 |
Operating CF/Net income |
(0.09) | 0.31 | 0.33 | 0.99 | 0.03 | 1.75 | 1.57 | 1.18 | 1.13 | 1.25 |
Capex/Depreciation |
(0.38) | (0.48) | (0.80) | (1.00) | (0.45) | (0.62) | (0.51) | (0.80) | (1.13) | (1.57) |
Interest Coverage |
1.91 | 0.97 | 2.06 | 1.71 | 1.97 | 2.89 | 4.01 | 5.52 | 8.97 | 13.55 |
| (10.54%) | (2.55%) | 12.52% | 9.29% | 6.42% | 7.34% | 13.34% | 20.27% | 27.19% | 30.57% | |
| (3.57%) | (0.66%) | 3.48% | 2.58% | 1.79% | 2.36% | 4.56% | 7.38% | 11.01% | 13.88% | |
ROIC |
5.25% | 3.12% | 5.03% | 4.02% | 5.53% | 6.63% | 8.20% | 10.54% | 13.97% | 16.69% |
Return on Tangible Assets |
(11.69%) | (1.39%) | 7.43% | 10.77% | 5.63% | 6.48% | 11.70% | 19.77% | 27.46% | 32.73% |
Average Days of Receivables |
42.73 | 38.70 | 80.67 | 47.93 | 24.78 | 30.83 | 34.61 | 38.04 | 34.83 | 35.21 |
Research and Development Expense of Revenue |
1.05% | 0.84% | 0.60% | 0.39% | 0.32% | 0.34% | 0.57% | 0.54% | 0.44% | 0.45% |
Selling, General and Administrative Expense of Revenue |
7.46% | 5.52% | 5.47% | 5.64% | 5.27% | 5.05% | 5.09% | 5.02% | 4.67% | 4.48% |
Intangible Assets out of Total Assets |
0.31 | 0.30 | 0.29 | 0.27 | 0.41 | 0.45 | 0.44 | 0.44 | 0.43 | 0.40 |
Share Based Compensation of Revenue |
0.69% | 0.52% | 0.74% | 0.85% | 0.86% | 0.82% | 0.95% | 0.75% | 0.85% | 0.88% |
Graham Net Nets |
(1.40) | (0.77) | (1.04) | (0.70) | (0.34) | (0.29) | (0.22) | (0.14) | (0.06) | (0.02) |
Graham Number |
0.00 | 0.00 | 18.51 | 15.83 | 10.39 | 10.32 | 14.66 | 20.11 | 26.45 | 33.39 |
Earnings Yield |
(15.22%) | (0.70%) | 10.29% | 4.49% | 2.07% | 1.85% | 2.87% | 3.46% | 2.58% | 1.82% |
Free Cash Flow Yield |
(5.24%) | (6.71%) | (3.87%) | (0.75%) | (1.16%) | 2.06% | 3.68% | 3.09% | 2.21% | 1.74% |
Revenue per Share |
28.30 | 28.74 | 14.03 | 15.91 | 12.09 | 11.56 | 13.61 | 16.12 | 18.21 | 20.43 |
Operating CF per Share |
0.22 | (0.09) | 0.45 | 1.03 | 0.02 | 1.04 | 1.76 | 2.19 | 3.18 | 4.66 |
Capex per Share |
(0.99) | (1.34) | (0.95) | (1.21) | (0.35) | (0.39) | (0.32) | (0.53) | (0.76) | (1.10) |
Free Cash Flow per Share |
(0.77) | (1.43) | (0.50) | (0.17) | (0.33) | 0.66 | 1.44 | 1.66 | 2.42 | 3.56 |
Cash per Share |
4.25 | 4.77 | 4.71 | 3.54 | 3.70 | 1.67 | 1.90 | 1.48 | 1.38 | 1.84 |
Shareholders Equity per Share |
11.74 | 10.92 | 11.56 | 10.33 | 8.22 | 8.16 | 8.66 | 9.80 | 11.16 | 13.25 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.74 | 10.92 | 11.56 | 10.33 | 8.22 | 8.16 | 8.66 | 9.80 | 11.16 | 13.25 |
Free Cash Flow |
(338.00) | (644.00) | (242.00) | (77.00) | (144.00) | 282.00 | 598.00 | 684.00 | 986.00 | 1,440.00 |
Working Capital |
3,143.00 | 3,554.00 | 3,061.00 | 1,718.00 | 2,012.00 | 1,484.00 | 1,661.00 | 1,532.00 | 1,813.00 | 2,008.00 |
Capital Expenditures |
(433.00) | (605.00) | (459.00) | (538.00) | (153.00) | (167.00) | (135.00) | (217.00) | (312.00) | (444.00) |
Net Current Asset Value |
(9,005.00) | (7,416.00) | (6,527.00) | (7,114.00) | (4,194.00) | (3,974.00) | (3,511.00) | (3,075.00) | (2,603.00) | (2,047.00) |
EV/EBIT |
15.48 | 29.78 | 7.77 | 19.82 | 25.35 | 23.04 | 21.38 | 20.97 | 29.01 | 41.61 |
Capex to Sales |
0.03 | 0.05 | 0.07 | 0.08 | 0.03 | 0.03 | 0.02 | 0.03 | 0.04 | 0.05 |
Price to Operating Income |
7.88 | 20.00 | 4.72 | 13.82 | 19.75 | 18.30 | 17.68 | 18.40 | 27.33 | 40.48 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.21 | 0.23 | 0.10 | 0.20 | 0.13 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 |
Cash ROIC |
(2.24%) | (4.63%) | (1.71%) | (0.63%) | (1.40%) | 3.32% | 6.96% | 8.19% | 11.69% | 15.75% |
Accounts Receivable Turnover |
8.84 | 9.18 | 4.72 | 5.84 | 8.16 | 12.80 | 11.83 | 10.81 | 10.61 | 10.97 |
Accounts Payable Turnover |
5.96 | 5.71 | 2.58 | 3.36 | 4.92 | 5.40 | 4.84 | 4.91 | 5.30 | 6.06 |
Inventory Turnover |
4.27 | 4.32 | 2.06 | 2.54 | 2.51 | 2.49 | 2.73 | 2.83 | 2.84 | 2.95 |
Average Days of Payables |
65.65 | 65.67 | 151.95 | 68.32 | 56.38 | 74.30 | 85.58 | 75.10 | 67.60 | 56.78 |
Days of Inventory on Hand |
84.81 | 88.56 | 177.86 | 112.50 | 140.05 | 142.31 | 143.14 | 134.97 | 131.20 | 124.24 |
Average Receivables |
1,402.50 | 1,412.50 | 1,436.00 | 1,215.00 | 644.50 | 388.50 | 478.50 | 614.50 | 700.50 | 752.50 |
Average Payables |
1,627.00 | 1,791.50 | 1,984.00 | 1,552.50 | 787.50 | 665.50 | 847.00 | 972.00 | 965.00 | 896.50 |
Average Inventory |
2,268.50 | 2,366.50 | 2,486.00 | 2,049.50 | 1,547.50 | 1,445.00 | 1,505.50 | 1,687.00 | 1,802.50 | 1,844.50 |
Average Assets |
28,257.50 | 19,378.00 | 18,705.50 | 18,127.50 | 14,502.50 | 10,831.00 | 10,237.00 | 10,341.50 | 10,473.50 | 10,849.00 |
Average Common Equity |
9,578.00 | 4,976.00 | 5,199.50 | 5,040.00 | 4,036.00 | 3,487.50 | 3,499.50 | 3,764.00 | 4,240.50 | 4,926.00 |
Columns are period end dates