Friday 6 November 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.

Revenue: +29.4%
EPS: +48.4%
Free cash flow: +32.8%
Total debt: +27.1%

Quarter to September 2026, against a year earlier

205.21 4.45 +2.22%

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Market cap: $79.9B
P/E: 39.3×
Fwd P/E: 35.4×
Dividend yield: 0.32%
F-score: 8/9
Altman Z: 10.60
Beneish M: −2.55
Dividend safety: 78/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	54.82	38.78	28.89	34.88	53.95	48.37	29.22	12.76	0.00	0.00
Piotroski F-Score Full definition →	8	9	8	6	7	4	6	5	4	5
P/S ratio Full definition →	10.04	6.01	3.33	2.87	2.75	2.35	1.51	0.59	0.97	0.68
Altman Z-Score Full definition →	10.60	6.28	3.52	2.66	2.21	1.84	1.28	1.04	1.45	1.22
Altman Z″-Score (non-manufacturers) Full definition →	4.57	3.83	2.94	2.56	2.19	2.10	1.26	1.74	1.58	1.54
P/FCF ratio Full definition →	57.52	45.26	32.36	27.17	48.54	0.00	0.00	0.00	0.00	0.00
Beneish M-Score Full definition →	(2.55)	(2.53)	(2.29)	(2.40)	(2.35)	(3.08)	(2.80)	(1.85)	(2.54)	(3.04)
P/Operating CF Full definition →	126.65	92.96	48.33	35.71	45.17	81.89	30.19	19.25	37.73	(74.97)
Dividend Safety Score Full definition →	78	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	15.47	9.92	5.56	4.58	3.96	3.51	2.95	1.48	2.59	1.67
Price to Tangible BV Full definition →	94.77	3,187.35	0.00	0.00	0.00	0.00	0.00	73.88	0.00	0.00
EV/Sales Full definition →	10.32	6.38	3.80	3.47	3.47	3.02	2.01	0.87	1.33	1.19
EV/EBITDA Full definition →	36.55	24.80	17.11	16.60	16.93	16.46	13.99	6.45	9.88	7.53
EV/Operating CF Full definition →	45.19	36.50	28.01	26.81	38.38	1,763.20	38.69	56.47	(443.46)	154.66
EV/FCF Full definition →	59.12	48.05	36.89	32.86	61.11	(110.20)	(231.66)	(50.63)	(26.86)	(43.47)
Quick Ratio Full definition →	0.87	0.82	0.73	0.90	0.91	1.18	0.61	1.07	1.25	1.21
Current Ratio Full definition →	2.13	2.17	1.86	2.12	2.18	2.21	1.42	1.87	2.26	2.14
Net Debt/EBITDA Full definition →	0.99	1.44	2.10	2.87	3.48	3.63	3.95	3.00	2.68	2.98
Debt/Assets Full definition →	27.28%	31.51%	35.54%	40.90%	41.74%	44.68%	34.04%	33.86%	36.56%	40.34%
Debt/Equity Full definition →	0.57	0.73	0.92	1.16	1.22	1.43	1.30	1.13	1.39	1.57
Asset Turnover Full definition →	0.76	0.71	0.64	0.55	0.46	0.36	0.39	0.36	0.67	0.44
Operating CF/Net income Full definition →	1.25	1.13	1.18	1.57	1.75	0.03	0.99	0.33	0.31	(0.09)
Capex/Depreciation Full definition →	(1.57)	(1.13)	(0.80)	(0.51)	(0.62)	(0.45)	(1.00)	(0.80)	(0.48)	(0.38)
Interest Coverage Full definition →	13.55	8.97	5.52	4.01	2.89	1.97	1.71	2.06	0.97	1.91
ROE Full definition →	30.57%	27.19%	20.27%	13.34%	7.34%	6.42%	9.29%	12.52%	(2.55%)	(10.54%)
ROA Full definition →	13.88%	11.01%	7.38%	4.56%	2.36%	1.79%	2.58%	3.48%	(0.66%)	(3.57%)
ROIC Full definition →	16.69%	13.97%	10.54%	8.20%	6.63%	5.53%	4.02%	5.03%	3.12%	5.25%
Return on Tangible Assets Full definition →	32.73%	27.46%	19.77%	11.70%	6.48%	5.63%	10.77%	7.43%	(1.39%)	(11.69%)
Average Days of Receivables Full definition →	35.21	34.83	38.04	34.61	30.83	24.78	47.93	80.67	38.70	42.73
Research and Development Expense of Revenue Full definition →	0.45%	0.44%	0.54%	0.57%	0.34%	0.32%	0.39%	0.60%	0.84%	1.05%
Selling, General and Administrative Expense of Revenue Full definition →	4.48%	4.67%	5.02%	5.09%	5.05%	5.27%	5.64%	5.47%	5.52%	7.46%
Intangible Assets out of Total Assets Full definition →	0.40	0.43	0.44	0.44	0.45	0.41	0.27	0.29	0.30	0.31
Share Based Compensation of Revenue Full definition →	0.88%	0.85%	0.75%	0.95%	0.82%	0.86%	0.85%	0.74%	0.52%	0.69%
Graham Net Nets Full definition →	(0.02)	(0.06)	(0.14)	(0.22)	(0.29)	(0.34)	(0.53)	(0.80)	(0.59)	(1.06)
Graham Number Full definition →	33.39	26.45	20.11	14.66	10.32	10.39	15.83	18.51	0.00	0.00
Earnings Yield Full definition →	1.82%	2.58%	3.46%	2.87%	1.85%	2.07%	3.42%	7.84%	(0.54%)	(11.59%)
Free Cash Flow Yield Full definition →	1.74%	2.21%	3.09%	3.68%	2.06%	(1.16%)	(0.57%)	(2.95%)	(5.11%)	(3.99%)
Revenue per Share Full definition →	20.43	18.21	16.12	13.61	11.56	12.09	15.91	14.03	28.74	28.30
Operating CF per Share Full definition →	4.66	3.18	2.19	1.76	1.04	0.02	1.03	0.45	(0.09)	0.22
Capex per Share Full definition →	(1.10)	(0.76)	(0.53)	(0.32)	(0.39)	(0.35)	(1.21)	(0.95)	(1.34)	(0.99)
Free Cash Flow per Share Full definition →	3.56	2.42	1.66	1.44	0.66	(0.33)	(0.17)	(0.50)	(1.43)	(0.77)
Cash per Share Full definition →	1.84	1.38	1.48	1.90	1.67	3.70	3.54	4.71	4.77	4.25
Shareholders Equity per Share Full definition →	13.25	11.16	9.80	8.66	8.16	8.22	10.33	11.56	10.92	11.74
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	13.25	11.16	9.80	8.66	8.16	8.22	10.33	11.56	10.92	11.74
Free Cash Flow Full definition →	1,440.00	986.00	684.00	598.00	282.00	(144.00)	(77.00)	(242.00)	(644.00)	(338.00)
Working Capital Full definition →	2,008.00	1,813.00	1,532.00	1,661.00	1,484.00	2,012.00	1,718.00	3,061.00	3,554.00	3,143.00
Capital Expenditures Full definition →	(444.00)	(312.00)	(217.00)	(135.00)	(167.00)	(153.00)	(538.00)	(459.00)	(605.00)	(433.00)
Net Current Asset Value Full definition →	(2,047.00)	(2,603.00)	(3,075.00)	(3,511.00)	(3,974.00)	(4,194.00)	(7,114.00)	(6,527.00)	(7,416.00)	(9,005.00)
EV/EBIT Full definition →	41.61	29.01	20.97	21.38	23.04	25.35	24.14	9.25	36.03	17.94
Capex to Sales Full definition →	0.05	0.04	0.03	0.02	0.03	0.03	0.08	0.07	0.05	0.03
Price to Operating Income Full definition →	40.48	27.33	18.40	17.68	18.30	19.75	18.14	6.19	26.25	10.34
Other line items
Depreciation/Fixed assets Full definition →	0.11	0.12	0.12	0.11	0.11	0.13	0.20	0.10	0.23	0.21
Cash ROIC Full definition →	15.75%	11.69%	8.19%	6.96%	3.32%	(1.40%)	(0.63%)	(1.71%)	(4.63%)	(2.24%)
Accounts Receivable Turnover Full definition →	10.97	10.61	10.81	11.83	12.80	8.16	5.84	4.72	9.18	8.84
Accounts Payable Turnover Full definition →	6.06	5.30	4.91	4.84	5.40	4.92	3.36	2.58	5.71	5.96
Inventory Turnover Full definition →	2.95	2.84	2.83	2.73	2.49	2.51	2.54	2.06	4.32	4.27
Average Days of Payables Full definition →	56.78	67.60	75.10	85.58	74.30	56.38	68.32	151.95	65.67	65.65
Days of Inventory on Hand Full definition →	124.24	131.20	134.97	143.14	142.31	140.05	112.50	177.86	88.56	84.81
Average Receivables Full definition →	752.50	700.50	614.50	478.50	388.50	644.50	1,215.00	1,436.00	1,412.50	1,402.50
Average Payables Full definition →	896.50	965.00	972.00	847.00	665.50	787.50	1,552.50	1,984.00	1,791.50	1,627.00
Average Inventory Full definition →	1,844.50	1,802.50	1,687.00	1,505.50	1,445.00	1,547.50	2,049.50	2,486.00	2,366.50	2,268.50
Average Assets Full definition →	10,849.00	10,473.50	10,341.50	10,237.00	10,831.00	14,502.50	18,127.50	18,705.50	19,378.00	28,257.50
Average Common Equity Full definition →	4,926.00	4,240.50	3,764.00	3,499.50	3,487.50	4,036.00	5,040.00	5,199.50	4,976.00	9,578.00

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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