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 '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
54.82 | 38.78 | 28.89 | 34.88 | 53.95 | 48.37 | 22.26 | 9.72 | 0.00 | 0.00 |
Piotroski F-Score |
8 | 9 | 8 | 6 | 7 | 4 | 6 | 5 | 4 | 5 |
P/S ratio |
10.04 | 6.01 | 3.33 | 2.87 | 2.75 | 2.35 | 1.15 | 0.45 | 0.74 | 0.52 |
Altman Z-Score |
10.60 | 6.28 | 3.52 | 2.66 | 2.21 | 1.84 | 1.13 | 0.96 | 1.32 | 1.14 |
Altman Z″-Score (non-manufacturers) |
4.57 | 3.83 | 2.94 | 2.56 | 2.19 | 2.10 | 1.26 | 1.74 | 1.58 | 1.54 |
P/FCF ratio |
57.52 | 45.26 | 32.36 | 27.17 | 48.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(2.55) | (2.53) | (2.29) | (2.40) | (2.35) | (3.08) | (2.80) | (1.85) | (2.54) | (3.04) |
P/Operating CF |
126.65 | 92.96 | 48.33 | 35.71 | 45.17 | 81.89 | 23.00 | 14.67 | 28.75 | (57.12) |
Dividend Safety Score |
78 | — | — | — | — | — | — | — | — | — |
P/B ratio |
15.47 | 9.92 | 5.56 | 4.58 | 3.96 | 3.51 | 2.24 | 1.13 | 1.97 | 1.27 |
Price to Tangible BV |
94.77 | 3,187.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 56.29 | 0.00 | 0.00 |
EV/Sales |
10.32 | 6.38 | 3.80 | 3.47 | 3.47 | 3.02 | 1.65 | 0.74 | 1.10 | 1.02 |
EV/EBITDA |
36.55 | 24.80 | 17.11 | 16.60 | 16.93 | 16.46 | 11.49 | 5.42 | 8.17 | 6.50 |
EV/Operating CF |
45.19 | 36.50 | 28.01 | 26.81 | 38.38 | 1,763.20 | 31.77 | 47.47 | (366.56) | 133.43 |
EV/FCF |
59.12 | 48.05 | 36.89 | 32.86 | 61.11 | (110.20) | (190.24) | (42.57) | (22.20) | (37.50) |
Quick Ratio |
0.87 | 0.82 | 0.73 | 0.90 | 0.91 | 1.18 | 0.61 | 1.07 | 1.25 | 1.21 |
Current Ratio |
2.13 | 2.17 | 1.86 | 2.12 | 2.18 | 2.21 | 1.42 | 1.87 | 2.26 | 2.14 |
Net Debt/EBITDA |
0.99 | 1.44 | 2.10 | 2.87 | 3.48 | 3.63 | 3.95 | 3.00 | 2.68 | 2.98 |
Debt/Assets |
27.28% | 31.51% | 35.54% | 40.90% | 41.74% | 44.68% | 34.04% | 33.86% | 36.56% | 40.34% |
Debt/Equity |
0.57 | 0.73 | 0.92 | 1.16 | 1.22 | 1.43 | 1.30 | 1.13 | 1.39 | 1.57 |
Asset Turnover |
0.76 | 0.71 | 0.64 | 0.55 | 0.46 | 0.36 | 0.39 | 0.36 | 0.67 | 0.44 |
Operating CF/Net income |
1.25 | 1.13 | 1.18 | 1.57 | 1.75 | 0.03 | 0.99 | 0.33 | 0.31 | (0.09) |
Capex/Depreciation |
(1.57) | (1.13) | (0.80) | (0.51) | (0.62) | (0.45) | (1.00) | (0.80) | (0.48) | (0.38) |
Interest Coverage |
13.55 | 8.97 | 5.52 | 4.01 | 2.89 | 1.97 | 1.71 | 2.06 | 0.97 | 1.91 |
| 30.57% | 27.19% | 20.27% | 13.34% | 7.34% | 6.42% | 9.29% | 12.52% | (2.55%) | (10.54%) | |
| 13.88% | 11.01% | 7.38% | 4.56% | 2.36% | 1.79% | 2.58% | 3.48% | (0.66%) | (3.57%) | |
ROIC |
16.69% | 13.97% | 10.54% | 8.20% | 6.63% | 5.53% | 4.02% | 5.03% | 3.12% | 5.25% |
Return on Tangible Assets |
32.73% | 27.46% | 19.77% | 11.70% | 6.48% | 5.63% | 10.77% | 7.43% | (1.39%) | (11.69%) |
Average Days of Receivables |
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 |
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 |
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 |
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 |
0.88% | 0.85% | 0.75% | 0.95% | 0.82% | 0.86% | 0.85% | 0.74% | 0.52% | 0.69% |
Graham Net Nets |
(0.02) | (0.06) | (0.14) | (0.22) | (0.29) | (0.34) | (0.70) | (1.04) | (0.77) | (1.40) |
Graham Number |
33.39 | 26.45 | 20.11 | 14.66 | 10.32 | 10.39 | 15.83 | 18.51 | 0.00 | 0.00 |
Earnings Yield |
1.82% | 2.58% | 3.46% | 2.87% | 1.85% | 2.07% | 4.49% | 10.29% | (0.70%) | (15.22%) |
Free Cash Flow Yield |
1.74% | 2.21% | 3.09% | 3.68% | 2.06% | (1.16%) | (0.75%) | (3.87%) | (6.71%) | (5.24%) |
Revenue per Share |
20.43 | 18.21 | 16.12 | 13.61 | 11.56 | 12.09 | 15.91 | 14.03 | 28.74 | 28.30 |
Operating CF per Share |
4.66 | 3.18 | 2.19 | 1.76 | 1.04 | 0.02 | 1.03 | 0.45 | (0.09) | 0.22 |
Capex per Share |
(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 |
3.56 | 2.42 | 1.66 | 1.44 | 0.66 | (0.33) | (0.17) | (0.50) | (1.43) | (0.77) |
Cash per Share |
1.84 | 1.38 | 1.48 | 1.90 | 1.67 | 3.70 | 3.54 | 4.71 | 4.77 | 4.25 |
Shareholders Equity per Share |
13.25 | 11.16 | 9.80 | 8.66 | 8.16 | 8.22 | 10.33 | 11.56 | 10.92 | 11.74 |
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 |
13.25 | 11.16 | 9.80 | 8.66 | 8.16 | 8.22 | 10.33 | 11.56 | 10.92 | 11.74 |
Free Cash Flow |
1,440.00 | 986.00 | 684.00 | 598.00 | 282.00 | (144.00) | (77.00) | (242.00) | (644.00) | (338.00) |
Working Capital |
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 |
(444.00) | (312.00) | (217.00) | (135.00) | (167.00) | (153.00) | (538.00) | (459.00) | (605.00) | (433.00) |
Net Current Asset Value |
(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 |
41.61 | 29.01 | 20.97 | 21.38 | 23.04 | 25.35 | 19.82 | 7.77 | 29.78 | 15.48 |
Capex to Sales |
0.05 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.08 | 0.07 | 0.05 | 0.03 |
Price to Operating Income |
40.48 | 27.33 | 18.40 | 17.68 | 18.30 | 19.75 | 13.82 | 4.72 | 20.00 | 7.88 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.11 | 0.12 | 0.12 | 0.11 | 0.11 | 0.13 | 0.20 | 0.10 | 0.23 | 0.21 |
Cash ROIC |
15.75% | 11.69% | 8.19% | 6.96% | 3.32% | (1.40%) | (0.63%) | (1.71%) | (4.63%) | (2.24%) |
Accounts Receivable Turnover |
10.97 | 10.61 | 10.81 | 11.83 | 12.80 | 8.16 | 5.84 | 4.72 | 9.18 | 8.84 |
Accounts Payable Turnover |
6.06 | 5.30 | 4.91 | 4.84 | 5.40 | 4.92 | 3.36 | 2.58 | 5.71 | 5.96 |
Inventory Turnover |
2.95 | 2.84 | 2.83 | 2.73 | 2.49 | 2.51 | 2.54 | 2.06 | 4.32 | 4.27 |
Average Days of Payables |
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 |
124.24 | 131.20 | 134.97 | 143.14 | 142.31 | 140.05 | 112.50 | 177.86 | 88.56 | 84.81 |
Average Receivables |
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 |
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 |
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 |
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 |
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 |
Columns are period end dates