Howmet Aerospace

US · HWM #240 by market cap Listed 2016

222.75 -8.85 -3.82%

Live - 5344 symbols - heartbeat 234s ago · 2026-10-08 08:33

Pre-market 221.00 -0.79%

After-hours 222.51 -0.11%

Overnight 222.00 -0.34%

Market cap: 88.83B
P/E (TTM): 48.01
P/B: 15.50
EPS: 3.71
Div yield: 0.22%
52W pos: 30%

Reader sentiment Are you bullish or bearish on HWM?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 11.24, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +11.06% YoY

Margins

Gross margin: 34.17%
Operating margin: 25.81%
Net margin: 18.25%

Key ratios & quality

Enterprise value: 91.18B
PEG ratio: 1.01
Altman Z-Score: 11.24

PEG uses trailing P/E against the 3-year net income growth rate (47.60%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	6.78B	7.10B	5.26B	4.97B	5.66B	6.64B	7.43B	8.25B
Gross profit	1.66B	1.88B	1.38B	1.38B	1.56B	1.87B	2.31B	2.82B
Selling & admin expenses	371.00M	400.00M	277.00M	251.00M	288.00M	333.00M	347.00M	370.00M
Research & development	41.00M	28.00M	17.00M	17.00M	32.00M	36.00M	33.00M	37.00M
Operating profit	938.00M	1.16B	808.00M	838.00M	975.00M	1.23B	1.65B	2.13B
Pretax profit	428.00M	210.00M	171.00M	324.00M	606.00M	975.00M	1.38B	1.84B
Tax	119.00M	84.00M	-40.00M	66.00M	137.00M	210.00M	228.00M	332.00M
Net profit	642.00M	470.00M	261.00M	258.00M	469.00M	765.00M	1.16B	1.51B
Basic EPS	1	1	1	1	1	2	3	4
Diluted EPS	1.30	1.03	0.59	0.59	1.11	1.83	2.81	3.71

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	1.94B	2.05B	2.09B	2.17B	2.31B	2.55B
Gross profit	652.00M	688.00M	724.00M	756.00M	854.00M	951.00M
Selling & admin expenses	85.00M	89.00M	100.00M	96.00M	111.00M	148.00M
Research & development	8.00M	9.00M	10.00M	10.00M	9.00M	8.00M
Operating profit	490.00M	521.00M	542.00M	577.00M	660.00M	711.00M
Pretax profit	446.00M	469.00M	495.00M	430.00M	708.00M	649.00M
Tax	102.00M	62.00M	110.00M	58.00M	128.00M	115.00M
Net profit	344.00M	407.00M	385.00M	372.00M	580.00M	534.00M
Basic EPS	1	1	1	1	1	1
Diluted EPS	0.84	1.00	0.95	0.92	1.44	1.33

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	6.58B	5.84B	3.67B	2.74B	3.14B	3.32B	3.36B	3.78B
Cash & ST investments	2.28B	1.58B	1.61B	720.00M	791.00M	610.00M	564.00M	742.00M
Inventory	2.49B	1.61B	1.49B	1.40B	1.61B	1.77B	1.84B	1.85B
Total assets	18.69B	17.56B	11.44B	10.22B	10.26B	10.43B	10.52B	11.18B
Total current liabilities	3.52B	4.13B	1.66B	1.25B	1.48B	1.78B	1.55B	1.77B
Short-term debt	434.00M	1.03B	414.00M	38.00M	32.00M	238.00M	43.00M	233.00M
Long-term debt	5.90B	4.91B	4.70B	4.23B	4.16B	3.50B	3.31B	2.86B
Total liabilities	13,108,000,000.00	12,957,000,000.00	7,866,000,000.00	6,711,000,000.00	6,654,000,000.00	6,391,000,000.00	5,965,000,000.00	5,826,000,000.00
Total equity	5.59B	4.61B	3.58B	3.51B	3.60B	4.04B	4.55B	5.35B
Retained earnings	-358.00M	113.00M	364.00M	603.00M	1.03B	1.72B	2.77B	4.09B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	3.55B	3.69B	3.82B	3.78B	5.66B	4.19B
Cash & ST investments	536.00M	545.00M	659.00M	742.00M	2.44B	563.00M
Inventory	1.90B	1.96B	1.98B	1.85B	1.98B	2.18B
Total assets	10.77B	11.05B	11.18B	11.18B	13.07B	13.25B
Total current liabilities	1.55B	1.60B	1.63B	1.77B	2.32B	2.31B
Short-term debt	46.00M	5.00M	42.00M	233.00M	636.00M	497.00M
Long-term debt	3.32B	3.25B	3.19B	2.86B	4.05B	4.05B
Total liabilities	5,980,000,000.00	6,004,000,000.00	6,034,000,000.00	5,826,000,000.00	7,545,000,000.00	7,519,000,000.00
Total equity	4.79B	5.04B	5.14B	5.35B	5.52B	5.73B
Retained earnings	3.07B	3.43B	3.72B	4.09B	4.63B	5.11B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	217.00M	461.00M	9.00M	449.00M	733.00M	901.00M	1.30B	1.88B
Depreciation & amortization	576.00M	536.00M	338.00M	270.00M	265.00M	272.00M	277.00M	283.00M
Free cash flow	-551.00M	-180.00M	-258.00M	250.00M	540.00M	682.00M	977.00M	1.43B
Dividends paid	-119.00M	-57.00M	-11.00M	-19.00M	-44.00M	-73.00M	-109.00M	-181.00M
Stock buybacks / issuance	0	-1.15B	-73.00M	-430.00M	-400.00M	-250.00M	-500.00M	-700.00M
Ending cash balance	2.28B	1.70B	1.61B	722.00M	792.00M	610.00M	565.00M	743.00M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	253.00M	446.00M	531.00M	654.00M	453.00M	583.00M
Depreciation & amortization	69.00M	69.00M	72.00M	73.00M	74.00M	84.00M
Free cash flow	134.00M	344.00M	423.00M	530.00M	359.00M	479.00M
Dividends paid	-42.00M	-41.00M	-48.00M	-50.00M	-48.00M	-49.00M
Stock buybacks / issuance	-125.00M	-175.00M	-200.00M	-200.00M	-300.00M	-300.00M
Ending cash balance	537.00M	546.00M	660.00M	743.00M	2.44B	564.00M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	12.34	9.29	6.42	7.34	13.34	20.27	27.19	30.57
ROA %	3.42	2.58	1.78	2.36	4.56	7.38	11.01	13.88
ROIC %	7.67	6.40	5.51	5.62	8.19	11.71	16.32	19.51
5-year avg ROE %	--	0.79	2.73	6.57	9.75	11.34	14.92	19.74
EBIT margin %	8.89	6.43	10.50	11.73	14.74	17.97	21.06	24.13
FCF / sales %	--	--	--	5.03	9.54	10.27	13.15	17.34
Current ratio	1.87	1.42	2.21	2.18	2.12	1.86	2.17	2.13
Quick ratio	1.07	0.61	1.18	0.91	0.90	0.73	0.82	0.87
Debt / assets	33.86	33.82	45.56	42.53	41.71	36.78	33.00	28.74
LT debt / equity	106.85	108.16	136.26	124.76	119.71	90.33	76.19	55.67
Interest coverage	3.30	2.70	1.45	2.25	3.65	5.47	8.60	13.19
Revenue CAGR (3Y) %	-18.27	-16.96	-25.97	-9.81	-7.25	8.08	14.33	13.37
Net income CAGR (3Y) %	--	--	--	-26.20	-0.07	43.11	64.81	47.60
FCF CAGR (3Y) %	--	--	--	--	--	--	57.51	38.38

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	28.60	30.30	30.37	30.57	33.98	34.89
ROA %	11.84	12.84	13.32	13.88	14.62	15.39
ROIC %	17.31	18.62	19.13	19.51	20.08	21.29
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	22.50	23.60	24.53	24.13	26.17	26.87
FCF / sales %	13.46	13.18	16.04	17.34	19.20	19.64
Current ratio	2.30	2.31	2.35	2.13	2.44	1.82
Quick ratio	0.93	0.90	0.96	0.87	1.46	0.70
Debt / assets	32.33	29.49	29.99	28.74	35.86	35.20
LT debt / equity	72.56	65.23	65.06	55.67	73.34	72.70
Interest coverage	9.87	11.32	12.70	13.19	14.56	14.58
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Lead segment, long tail

Engine Products is the largest reported line at 54.02% of revenue, across 5 reported segments.
Fastening Systems follows at 23.13%, so the top line still matters most but isn’t the whole story.

Revenue breakdown most recent period

Business

Engine Products54.02%

Fastening Systems23.13%

Forged Wheels12.41%

Engineered Structures10.88%

Quote time 2026-10-08 08:33:35 · For reference only, not investment advice and not tailored to your situation.