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

Howmet Aerospace Inc. (HWM) Free cash flow

Alert me on 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 September 2026 it was $2.2B. 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 89 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
Sep 2026 $563.0M 17.54%
Jun 2026 $479.0M (17.98%)
Mar 2026 $584.0M 10.19%
Dec 2025 $530.0M 25.00%
43 more quarters

Against its own ten years

Low −$644.0M High $1.4B
Ten-year median $282.0M
Current reading's percentile 100

Free cash flow against peers

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)

The full definition of Free cash flow →

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