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.
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Howmet Aerospace Inc. (HWM) Free cash flow margin
Howmet Aerospace Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 22.1%, 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 1.43% and above the Industrials sector median of 2.43%.
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
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| HWM Howmet Aerospace Inc. | 22.1% |
| HEI Heico Corporation compare | 19.9% |
| HEI.A Heico Corporation compare | 19.9% |
| TDG Transdigm Group Incorporated compare | 19.3% |
| LHX L3Harris Technologies Inc compare | 12.2% |
| GD General Dynamics Corporation compare | 11.8% |
| LMT Lockheed Martin Corporation compare | 11.3% |
| NOC Northrop Grumman Corporation compare | 8.50% |
| BA The Boeing Company compare | −0.14% |
| Aerospace & Defense industry median | 1.43% |
| Industrials sector median | 2.43% |
| 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
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement