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
Howmet Aerospace Inc.'s free cash flow for fiscal 2025 was $1.4B, up 46.0% from $986.0M in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.0B. Over the past ten years it has ranged from −$644.0M (fiscal 2017) to $1.4B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 5 consecutive fiscal years. Howmet Aerospace Inc. ranks 7th of 82 Aerospace & Defense companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.4B | 46.04% |
| FY2024 | $986.0M | 44.15% |
| FY2023 | $684.0M | 14.38% |
| FY2022 | $598.0M | 112.06% |
| FY2021 | $282.0M | — |
| FY2020 | −$144.0M | — |
| FY2019 | −$77.0M | — |
| FY2018 | −$242.0M | — |
| FY2017 | −$644.0M | — |
| FY2016 | −$338.0M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $479.0M | (17.98%) |
| Mar 2026 | $584.0M | 10.19% |
| Dec 2025 | $530.0M | 25.00% |
| Sep 2025 | $424.0M | 22.19% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LMT Lockheed Martin Corporation compare | $8.7B |
| GD General Dynamics Corporation compare | $6.4B |
| NOC Northrop Grumman Corporation compare | $3.6B |
| LHX L3Harris Technologies Inc compare | $2.8B |
| HWM Howmet Aerospace Inc. | $2.0B |
| TDG Transdigm Group Incorporated compare | $1.9B |
| HEI Heico Corporation compare | $1.0B |
| HEI.A Heico Corporation compare | $1.0B |
| BA The Boeing Company compare | −$129.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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