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

205.81 5.05 +2.52%
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

Howmet Aerospace Inc. (HWM) Free cash flow margin

Alert me on Free cash flow margin

Howmet Aerospace Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 22.2%, up 4.7 percentage points from fiscal 2025 (17.5%). Over the past ten years it has ranged from −4.97% (fiscal 2017) to 17.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Aerospace & Defense industry median of 0.00% and above the Industrials sector median of 2.06%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 17.5% 4.18
FY2024 13.3% 2.97
FY2023 10.3% (0.26)
FY2022 10.6% 4.89
FY2021 5.67% 8.41
FY2020 −2.74% (1.66)
FY2019 −1.08% 2.49
FY2018 −3.57% 1.40
FY2017 −4.97% (2.24)
FY2016 −2.73% (6.87)

Against its own ten years

Low −4.97% High 17.5%
Ten-year median 4.14%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
HWM Howmet Aerospace Inc. 22.2%
HEI Heico Corporation compare 19.9%
TDG Transdigm Group Incorporated compare 19.3%
LHX L3Harris Technologies Inc compare 15.7%
LMT Lockheed Martin Corporation compare 10.6%
GD General Dynamics Corporation compare 10.2%
NOC Northrop Grumman Corporation compare 9.64%
BA The Boeing Company compare 0.12%
HONA Honeywell Aerospace inc. compare 0.00%
Aerospace & Defense industry median 0.00%
Industrials sector median 2.06%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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