Saturday 31 October 2026 Export HWM’s income statement to Excel — free account

Howmet Aerospace Inc.

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.

199.61 6.33 −3.07%

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Market cap: $82.1B
P/E: 42.8×
Fwd P/E: 33.7×
Dividend yield: 0.32%
F-score: 8/9
Altman Z: 10.60
Beneish M: −2.55
Dividend safety: 78/100

Overview Business Profile Earnings & Analysis Segments Filings

Howmet Aerospace Inc. (HWM) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Engine Products	4,320	52.35%
Fastening Systems	1,745	21.15%
Engineered Structures	1,148	13.91%
Forged Wheels	1,039	12.59%
Gross margin		34.17%
Operating margin		24.79%
Pre-tax margin		22.30%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022
Aerospace - Commercial	4,322 52.38%	3,871 52.10%	3,229 48.63%	2,606 46.02%
Aerospace - Defense	1,409 17.07%	1,164 15.67%	1,015 15.29%	923 16.30%
Commercial Transportation	1,248 15.12%	1,308 17.60%	1,402 21.11%	1,283 22.66%
Gas Turbines	944 11.44%	755 10.16%	674 10.15%	—
Other	329 3.99%	332 4.47%	320 4.82%	—
Industrial and Other	—	—	—	851 15.03%
Revenue	8,252	7,430	6,640	5,663

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016
Engine Products	4,320 52.35%	3,735 50.27%	3,266 49.19%	2,698 47.64%	2,286 45.98%	2,411 45.85%	3,331 46.93%	3,108 45.85%	—
Fastening Systems	1,745 21.15%	1,576 21.21%	1,349 20.32%	1,117 19.72%	1,044 21.00%	1,245 23.67%	1,561 21.99%	1,531 22.59%	1,463 11.80%
Engineered Structures	1,148 13.91%	1,065 14.33%	878 13.22%	790 13.95%	731 14.70%	934 17.76%	1,268 17.86%	1,228 18.12%	—
Forged Wheels	1,039 12.59%	1,054 14.19%	1,147 17.27%	1,058 18.68%	921 18.52%	679 12.91%	969 13.65%	966 14.25%	—
Engineered Products And Solutions	—	—	—	—	—	—	—	—	5,728 46.22%
Global Rolled Products	—	—	—	—	—	—	—	—	4,983 40.20%
Transportation And Construction Solutions	—	—	—	—	—	—	—	—	1,802 14.54%
Eliminations	—	—	—	—	—	—	—	(55) (0.81%)	(1,582) (12.76%)
Revenue	8,252	7,430	6,640	5,663	4,972	5,259	7,098	6,778	12,394

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016
Engine Products	‡	‡	‡	‡	‡	‡	‡	‡	‡
Forged Wheels	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fastening Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡
Engineered Structures	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
United States	4,377 53.04%	3,713 49.97%	3,273 49.29%	2,928 51.70%	2,542 51.13%	2,782 52.90%	3,534 49.79%	3,265 48.17%	8,167 63.02%	7,823 63.12%
Other	1,025 12.42%	940 12.65%	909 13.69%	742 13.10%	630 12.67%	586 11.14%	783 11.03%	825 12.17%	257 1.98%	355 2.86%
France	625 7.57%	678 9.13%	578 8.70%	394 6.96%	330 6.64%	327 6.22%	480 6.76%	462 6.82%	965 7.45%	930 7.50%
Japan	513 6.22%	355 4.78%	378 5.69%	319 5.63%	319 6.42%	388 7.38%	168 2.37%	112 1.65%	141 1.09%	145 1.17%
Germany	439 5.32%	458 6.16%	363 5.47%	292 5.16%	257 5.17%	309 5.88%	195 2.75%	196 2.89%	309 2.38%	284 2.29%
United Kingdom	376 4.56%	350 4.71%	283 4.26%	228 4.03%	213 4.28%	231 4.39%	546 7.69%	523 7.72%	721 5.56%	711 5.74%
Italy	264 3.20%	287 3.86%	220 3.31%	180 3.18%	181 3.64%	181 3.44%	—	—	—	—
Canada	187 2.27%	174 2.34%	145 2.18%	138 2.44%	127 2.55%	119 2.26%	179 2.52%	155 2.29%	261 2.01%	262 2.11%
Mexico	166 2.01%	220 2.96%	263 3.96%	235 4.15%	225 4.53%	185 3.52%	277 3.90%	252 3.72%	500 3.86%	433 3.49%
Poland	150 1.82%	152 2.05%	130 1.96%	96 1.70%	77 1.55%	76 1.45%	131 1.85%	165 2.43%	285 2.20%	250 2.02%
China	130 1.58%	103 1.39%	98 1.48%	111 1.96%	71 1.43%	75 1.43%	420 5.92%	438 6.46%	615 4.75%	582 4.70%
Hungary	—	—	—	—	—	—	385 5.42%	385 5.68%	739 5.70%	619 4.99%
Revenue	8,252	7,430	6,640	5,663	4,972	5,259	7,098	6,778	12,960	12,394

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.