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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

201.48 12.08 −5.66%
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
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Howmet Aerospace Inc. (HWM) Debt to equity

Alert me on Debt to equity

Howmet Aerospace Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.7×, up 0.1× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.6× (fiscal 2025) to 1.6× (fiscal 2016) — the current reading is the lowest in ten years. That is above the Aerospace & Defense industry median of 0.2× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× (21.72%)
FY2024 0.7× (20.71%)
FY2023 0.9× (21.18%)
FY2022 1.2× (4.20%)
FY2021 1.2× (14.94%)
FY2020 1.4× 10.11%
FY2019 1.3× 14.54%
FY2018 1.1× (18.45%)
FY2017 1.4× (11.61%)
FY2016 1.6× 152.81%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× (0.47%)
Jun 2026 0.7× (7.87%)
Mar 2026 0.8× 34.63%
Dec 2025 0.6× (8.11%)
43 more quarters

Against its own ten years

Low 0.6× High 1.6×
Ten-year median 1.2×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
HONA Honeywell Aerospace inc. compare −6.4×
TDG Transdigm Group Incorporated compare −3.3×
GD General Dynamics Corporation compare 0.3×
HEI Heico Corporation compare 0.5×
LHX L3Harris Technologies Inc compare 0.5×
HWM Howmet Aerospace Inc. 0.7×
NOC Northrop Grumman Corporation compare 0.8×
LMT Lockheed Martin Corporation compare 2.0×
BA The Boeing Company compare 7.0×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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