Howmet Aerospace

Industrials Aerospace & Defense Pittsburgh, Pennsylvania Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$8.3B
                    3y CAGR +13.4%
                    
                    P89
                    
                    +11.1%
                    
                    Net income
                    FY2025
                
$1.5B
                    Net margin +18.3%
                    
                    P80
                    
                    +30.6%
                    
                    Total assets
                    FY2025
                
$11.2B
                    ROA +13.5%
                    
                    P81
                    
                    +6.3%
                    
                    Operating cash flow
                    FY2025
                
$1.9B
                    FCF margin +17.3%
                    
                    P75
                    
                    +45.1%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $11.2B

Total liabilities $5.8B

Shareholders equity $5.4B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	6.6%	5.4%	5.8%	7.7%	7.0%
Accounts Receivable	7.0%	6.6%	6.5%	4.9%	3.6%
Inventory	16.5%	17.5%	16.9%	15.7%	13.7%
Prepaid Expenses	3.5%	2.4%	2.4%	2.0%	1.9%
Total Current Assets	33.8%	32.0%	31.8%	30.6%	26.8%
Property,Plant and Equipment	23.2%	22.7%	22.3%	22.7%	24.1%
Operating Lease Assets	1.4%	1.5%	1.2%	1.1%	1.1%
Goodwill	36.0%	38.1%	38.7%	39.1%	39.8%
Intangible Assets	4.1%	4.5%	4.8%	5.1%	5.4%
Deferred Tax Assets	0.4%	0.3%	0.4%	0.5%	1.8%
Other Noncurrent Assets	2.6%	2.4%	1.9%	1.9%	2.1%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	7.6%	9.0%	9.4%	9.4%	7.2%
Accrued Liabilities	1.1%	1.6%	1.9%	2.0%	1.8%
Deferred Revenue	1.3%	—	—	—	—
Current Portion of Long Term Debt	1.7%	0.1%	2.0%	0.0%	0.0%
Operating Lease Liabilities	0.4%	0.4%	0.3%	0.3%	0.3%
Other Current Liabilities	1.1%	1.6%	1.9%	2.0%	1.8%
Total Current Liabilities	15.8%	14.7%	17.1%	14.5%	12.3%
Long Term Debt	25.6%	31.5%	33.6%	40.6%	41.4%
Operating Lease Liabilities Noncurrent	1.1%	1.1%	0.9%	0.8%	0.8%
Deferred Tax Liabilities	0.0%	8.0%	0.0%	0.0%	0.0%
Other Noncurrent Liabilities	5.5%	4.1%	3.4%	2.6%	3.0%
Total Liabilities	52.1%	56.7%	61.3%	64.9%	65.7%
Equity
Preferred Stock	0.0%	0.5%	0.5%	0.5%	0.5%
Common Stock	3.6%	3.9%	3.9%	4.0%	4.1%
Additional Paid In Capital	22.6%	30.5%	35.3%	38.5%	42.0%
Retained Earnings	36.6%	26.3%	16.5%	10.0%	5.9%
Treasury Stock	6.3%	4.8%	2.4%	4.0%	4.3%
Accumulated Other Comprehensive Income	-15.0%	-17.9%	-17.5%	-18.0%	-18.2%
Total Stockholders Equity	47.9%	43.3%	38.7%	35.1%	34.3%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $8.3B

Operating income $2.0B

Net income $1.5B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	73.8%	70.6%	63.7%	55.2%	48.7%
Expenses Research and Development	0.3%	0.3%	0.3%	0.3%	0.2%
Expenses Selling,General and Administrative	3.3%	3.3%	3.2%	2.8%	2.5%
Expenses Depreciation and Amortization	2.5%	2.6%	2.6%	2.6%	2.6%
Expenses Share Based Compensation	0.7%	0.6%	0.5%	0.5%	0.4%
Expenses Restructuring and Asset Impairment	0.8%	0.2%	0.2%	0.5%	0.9%
Other Income Expense Operating Income	18.3%	15.5%	11.5%	9.0%	7.3%
Other Income Expense Interest Income	-1.4%	-1.7%	-2.1%	-2.2%	0.0%
Other Income Expense Interest Expense	1.6%	1.9%	2.1%	2.2%	2.5%
Other Income Expense Other Income/expense	0.0%	0.0%	0.0%	0.0%	0.1%
Other Income Expense Income Before Tax	16.5%	13.1%	9.3%	5.9%	3.2%
Income Tax Income Tax Expense	3.0%	2.2%	2.0%	1.3%	0.6%
net Income net Income	13.5%	11.0%	7.3%	4.6%	2.5%
net Income Comprehensive Income	15.3%	10.5%	7.4%	4.8%	3.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	3.6%	3.9%	4.0%	4.1%	4.2%
Earnings Per Share Weighted Average Shares Diluted	3.6%	3.9%	4.0%	4.1%	4.3%

Cash Flow Statement

Operating, investing, and financing flows

24 accounts · 5 years

Operating cash flow $1.9B

Investing cash flow $-438.0M

Financing cash flow $-1.3B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	13.5%	11.0%	7.3%	4.6%	2.5%
Operating Activities Depreciation and Amortization	2.5%	2.6%	2.6%	2.6%	2.6%
Operating Activities Stock Based Compensation	0.7%	0.6%	0.5%	0.5%	0.4%
Operating Activities Deferred Income Taxes	0.2%	0.5%	1.0%	0.8%	0.4%
Operating Activities Changes In Operating Assets and Liabilities	1.4%	1.2%	1.9%	2.6%	-2.1%
Operating Activities net Cash From Operating Activities	16.9%	12.3%	8.6%	7.1%	4.4%
Investing Activities Capital Expenditures	4.1%	3.1%	2.1%	1.9%	1.9%
Investing Activities Business Acquisitions	0.0%	0.0%	0.0%	0.0%	—
Investing Activities Purchases of Investments	0.1%	0.0%	0.0%	—	—
Investing Activities Proceeds From Sale of Investments	0.0%	—	—	—	—
Investing Activities Other Investing Activities	0.0%	-0.0%	0.0%	0.0%	-0.0%
Investing Activities net Cash From Investing Activities	-3.9%	-3.0%	-2.1%	-1.3%	1.0%
Financing Activities Proceeds From Debt	4.5%	4.8%	3.8%	0.0%	6.8%
Financing Activities Repayment of Debt	6.8%	8.2%	8.4%	0.7%	15.1%
Financing Activities Repurchase of Common Stock	6.3%	4.8%	2.4%	3.9%	4.2%
Financing Activities Dividends Paid	1.6%	1.0%	0.7%	0.4%	0.2%
Financing Activities Proceeds From Stock Issuance	0.0%	0.1%	0.1%	0.2%	0.2%
Financing Activities Tax Withholding On Stock Based Compensation	0.4%	0.5%	0.7%	0.2%	0.2%
Financing Activities Other Financing Activities	-0.0%	-0.0%	0.0%	0.0%	-0.2%
Financing Activities net Cash From Financing Activities	-11.4%	-9.8%	-8.3%	-5.1%	-14.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%	-0.0%	-0.0%
Cash Reconciliation net Change In Cash	1.6%	-0.4%	-1.7%	0.7%	-8.7%
Cash Reconciliation Cash At Beginning of Period	6.6%	5.4%	5.8%	7.7%	7.1%
Cash Reconciliation Cash At End of Period	6.6%	5.4%	5.8%	7.7%	7.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+24.8%	+22.0%	+18.1%	+16.2%	+15.0%
Net margin	+18.3%	+15.5%	+11.5%	+8.3%	+5.2%
FCF margin	+17.3%	+13.1%	+10.3%	+9.5%	+5.0%
Growth
Revenue CAGR (3y)	+13.4%	+14.3%	+8.1%	-7.3%	-9.8%
Returns
ROE	+28.2%	+25.4%	+18.9%	+13.0%	+7.4%
ROA	+13.5%	+11.0%	+7.3%	+4.6%	+2.5%
ROIC	+21.9%	+18.7%	+13.2%	+10.2%	+8.5%
Liquidity
Current ratio	2.13x	2.17x	1.86x	2.12x	2.18x
Quick ratio	0.86x	0.81x	0.72x	0.88x	0.87x
Leverage
D/E	1.09x	1.31x	1.58x	1.85x	1.91x
Interest coverage	11.62x	8.37x	5.52x	4.01x	2.89x
Efficiency
Asset turnover	0.74x	0.71x	0.64x	0.55x	0.49x
Cash conversion cycle	—	—	—	—	—

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Howmet Aerospace

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