Howmet Aerospace Inc. (HWM) Financial Statements

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Howmet Aerospace financial statements at a glance

Howmet Aerospace reported revenue of $8.25 billion for fiscal year 2025 (ended December 31, 2025), up 11.1% from fiscal year 2024. Net income was $1.51 billion, a net margin of 18.3%.

At the end of fiscal year 2025 it had total assets of $11.18 billion, total liabilities of $5.83 billion and shareholders' equity of $5.35 billion, with total debt of $3.05 billion.

Its operations brought in $1.88 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

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Howmet Aerospace Inc.

HWMUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Revenue
8.25B
Prev Year: 7.43B
YoY: +11.1%
Total Revenue
-
Cost of Revenue
5.43B
Prev Year: 5.12B
YoY: +6.1%
Gross Profit
2.82B
Prev Year: 2.31B
YoY: +22.0%
SG&A Expenses
370.00M
Prev Year: 347.00M
YoY: +6.6%
Operating Expense
-
R&D Expense
37.00M
Prev Year: 33.00M
YoY: +12.1%
Depreciation/Amortization
283.00M
Prev Year: 277.00M
YoY: +2.2%
Net Non Operating Interest Income Expense
-
Operating Expenses
6.22B
Prev Year: 5.80B
YoY: +7.2%
Other Income Expense
-
Operating Income
2.03B
Prev Year: 1.63B
YoY: +24.8%
Pre-tax Income
-
Interest Inc.(Exp.),Net-Non-Op., Total
-150.00M
Prev Year: -200.00M
YoY: +25.0%
Other, Net
-41.00M
Prev Year: -44.00M
YoY: +6.8%
Net Income Common Stockholders
-
Net Income Before Taxes
1.84B
Prev Year: 1.38B
YoY: +33.0%
Diluted NI Available to Com Stockholders
-
Provision for Income Taxes
332.00M
Prev Year: 228.00M
YoY: +45.6%
Basic EPS
-
Net Income After Taxes
1.51B
Prev Year: 1.16B
YoY: +30.6%
Diluted EPS
-
Net Income Before Extra. Items
1.51B
Prev Year: 1.16B
YoY: +30.6%
Weighted Average Shares (basic)
-
Net Income
1.51B
Prev Year: 1.16B
YoY: +30.6%
Weighted Average Shares (diluted)
-
Total Adjustments to Net Income
-2.00M
Prev Year: -2.00M
YoY: 0.0%
Total Operating Income as Reported
-
Income Available to Com Excl ExtraOrd
1.51B
Prev Year: 1.15B
YoY: +30.6%
Total Expenses
-
Income Available to Com Incl ExtraOrd
1.51B
Prev Year: 1.15B
YoY: +30.6%
Net Income from Continuing and Discontinued Operation
-
Diluted Net Income
1.51B
Prev Year: 1.15B
YoY: +30.6%
Normalized Income
-
Diluted Weighted Average Shares
406.00M
Prev Year: 410.00M
YoY: -1.0%
Interest Income
-
Diluted EPS Excluding ExtraOrd Items
3.709
Prev Year: 2.812
YoY: +31.9%
Interest Expense
-
DPS - Common Stock Primary Issue
0.46
Prev Year: 0.26
YoY: +76.9%
Net Interest Income
-
Diluted Normalized EPS
3.909
Prev Year: 2.867
YoY: +36.3%
EBIT
-
Unusual Expense (Income)
99.00M
Prev Year: 27.00M
YoY: +266.7%
EBITDA
-
Values in USD

Howmet Aerospace key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$8.3B$7.4B$6.6B$5.7B$5.0B
Gross profit$2.8B$2.3B$1.9B$1.6B$1.1B
Operating income$2.0B$1.6B$1.2B$852.0M$830.0M
Net income$1.5B$1.2B$765.0M$469.0M$256.0M
Diluted EPS––––$0.59
Total assets$11.2B$10.5B$10.4B$10.3B$10.2B
Total liabilities$5.8B$6.0B$6.4B$6.7B$6.7B
Shareholders' equity$5.4B$4.6B$4.0B$3.6B$3.5B
Cash––––$720.0M
Total debt$3.1B$3.3B$3.7B$4.2B$4.3B
Operating cash flow$1.9B$1.3B$901.0M$733.0M$449.0M
Capital spending––––$199.0M
Free cash flow––––$250.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Howmet Aerospace's revenue in fiscal year 2025?

$8.25 billion, up 11.1% from $7.43 billion in fiscal year 2024.

How much profit does Howmet Aerospace make?

Howmet Aerospace reported net income of $1.51 billion for fiscal year 2025 (18.3% of revenue); operating income was $2.03 billion.

How much cash and debt does Howmet Aerospace have?

At the end of fiscal year 2025: total debt of $3.05 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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