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.
Follow HWM
Howmet Aerospace Inc. (HWM) Return on invested capital
Howmet Aerospace Inc.'s return on invested capital over the twelve months to 30 June 2026 was 16.9%, up 0.2 percentage points from fiscal 2025 (16.7%). Over the past ten years it has ranged from 1.82% (fiscal 2015) to 16.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Aerospace & Defense industry median of 1.56% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
Embed this chart
Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 16.7% | 2.72 |
| FY2024 | 14.0% | 3.43 |
| FY2023 | 10.5% | 2.34 |
| FY2022 | 8.20% | 1.57 |
| FY2021 | 6.63% | 1.10 |
| FY2020 | 5.53% | 1.51 |
| FY2019 | 4.02% | (1.01) |
| FY2018 | 5.03% | 1.91 |
| FY2017 | 3.12% | (2.13) |
| FY2016 | 5.25% | 3.43 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| LMT Lockheed Martin Corporation compare | 22.4% |
| HWM Howmet Aerospace Inc. | 16.9% |
| TDG Transdigm Group Incorporated compare | 14.3% |
| GD General Dynamics Corporation compare | 11.8% |
| HEI Heico Corporation compare | 10.6% |
| HEI.A Heico Corporation compare | 10.6% |
| NOC Northrop Grumman Corporation compare | 9.58% |
| BA The Boeing Company compare | 8.99% |
| LHX L3Harris Technologies Inc compare | 5.12% |
| Aerospace & Defense industry median | 1.56% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on HWM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow 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
- 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