HWM
Howmet Aerospace Inc
NYSE MKT: HWM · INDUSTRIALS · AEROSPACE & DEFENSE
$243.04
+2.76% today
Updated 2026-04-30
Market cap
$97.20B
P/E ratio
65.35
P/S ratio
11.78x
EPS (TTM)
$3.71
Dividend yield
0.18%
52W range
$134 – $267
Volume
2.3M
Howmet Aerospace Inc (HWM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $21.01B | $24.95B | $23.70B | $23.03B | $12.54B | $12.39B | $12.39B | $12.96B | $14.02B | $7.10B | $5.26B | $4.97B | $5.66B | $6.64B | $7.43B | $8.25B |
| Revenue growth (YoY) | — | — | — | — | — | +18.7% | -5.0% | -2.8% | -45.5% | -1.2% | +0.0% | +4.6% | +8.2% | -49.4% | -25.9% | -5.5% | +13.9% | +17.3% | +11.9% | +11.1% |
| Cost of revenue | $23.32B | $24.25B | $6.00M | $16.90B | $17.17B | $20.48B | $20.49B | $19.29B | $10.35B | $10.62B | $10.30B | $10.77B | $11.97B | $5.48B | $4.12B | $3.84B | $4.31B | $5.03B | $5.38B | $5.71B |
| Gross profit | $-23.32B | $-24.25B | $-6.00M | $-16.90B | $3.84B | $4.47B | $-20.49B | $-19.29B | $2.19B | $1.77B | $2.10B | $2.19B | $2.05B | $1.61B | $1.14B | $1.13B | $1.35B | $1.61B | $2.05B | $2.54B |
| Gross margin | — | — | — | — | 18.3% | 17.9% | -86.4% | -83.7% | 17.5% | 14.3% | 16.9% | 16.9% | 14.6% | 22.8% | 21.7% | 22.8% | 23.9% | 24.3% | 27.6% | 30.7% |
| R&D | $213.00M | $249.00M | — | $169.00M | $174.00M | $184.00M | $197.00M | $192.00M | $123.00M | $169.00M | $132.00M | $109.00M | $103.00M | $28.00M | $17.00M | $17.00M | $32.00M | $36.00M | $33.00M | $37.00M |
| SG&A | $1.40B | $1.47B | — | $1.01B | $961.00M | $1.03B | $997.00M | $1.01B | $770.00M | $765.00M | $947.00M | $731.00M | $604.00M | $704.00M | $287.00M | $259.00M | $280.00M | $343.00M | $362.00M | $385.00M |
| Operating income | $2.16B | $2.57B | — | $-924.00M | $254.00M | $1.06B | $162.00M | $-2.24B | $864.00M | $862.00M | $1.21B | $1.37B | $1.35B | $1.19B | $849.00M | $866.00M | $1.03B | $1.25B | $1.67B | $2.13B |
| Operating margin | — | — | — | — | 1.2% | 4.3% | 0.7% | -9.7% | 6.9% | 7.0% | 9.8% | 10.5% | 9.6% | 16.7% | 16.1% | 17.4% | 18.3% | 18.8% | 22.5% | 25.8% |
| EBITDA | $3.98B | $4.99B | $1.23B | $-657.00M | $2.35B | $2.87B | $1.79B | $-394.00M | $1.93B | $1.17B | $1.46B | $1.52B | $1.82B | $843.00M | $831.00M | $853.00M | $1.10B | $1.47B | $1.84B | $2.41B |
| EBITDA margin | — | — | — | — | 11.2% | 11.5% | 7.5% | -1.7% | 15.4% | 9.4% | 11.8% | 11.7% | 13.0% | 11.9% | 15.8% | 17.2% | 19.4% | 22.1% | 24.8% | 29.2% |
| EBIT | $2.70B | $3.72B | $0.00 | $-1.97B | $896.00M | $1.39B | $324.00M | $-1.82B | $555.00M | $657.00M | $922.00M | $966.00M | $1.24B | $548.00M | $552.00M | $583.00M | $835.00M | $1.19B | $1.56B | $2.13B |
| Interest expense | $384.00M | $401.00M | $0.00 | $470.00M | $494.00M | $524.00M | $0.00 | $0.00 | $442.00M | $474.00M | $508.00M | $496.00M | $376.00M | $338.00M | $381.00M | $259.00M | $229.00M | $218.00M | $182.00M | $151.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.25B | $2.56B | — | $-924.00M | $254.00M | $611.00M | $162.00M | $-2.24B | $268.00M | $-322.00M | $-941.00M | $-74.00M | $642.00M | $470.00M | $211.00M | $258.00M | $469.00M | $765.00M | $1.16B | $1.51B |
| Net income growth (YoY) | — | +14.1% | -100.0% | — | +127.5% | +140.6% | -73.5% | -1485.2% | +111.9% | -220.1% | -192.2% | +92.1% | +967.6% | -26.8% | -55.1% | +22.3% | +81.8% | +63.1% | +51.0% | +30.6% |
| Profit margin | — | — | — | — | 1.2% | 2.4% | 0.7% | -9.7% | 2.1% | -2.6% | -7.6% | -0.6% | 4.6% | 6.6% | 4.0% | 5.2% | 8.3% | 11.5% | 15.5% | 18.3% |