Howmet Aerospace (HWM) Financials

$169.62 +4.53 (+2.74%)

Closing price 03:59 PM Eastern

Extended Trading

$169.66 +0.03 (+0.02%)

As of 07:44 PM Eastern

Annual Income Statements for Howmet Aerospace

This table shows Howmet Aerospace's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,153	763	467	256	261	470	642	-74	-941	-322
Consolidated Net Income / (Loss)	1,155	765	469	258	261	470	642	-74	-878	-197
Net Income / (Loss) Continuing Operations	1,155	765	469	258	211	126	309	-74	-1,062	-156
Total Pre-Tax Income	1,383	975	606	324	171	210	428	470	414	183
Total Operating Income	1,633	1,203	919	748	626	579	775	480	954	628
Total Gross Profit	2,311	1,867	1,560	1,376	1,381	1,884	1,664	2,739	2,698	2,309
Total Revenue	7,430	6,640	5,663	4,972	5,259	7,098	6,778	12,960	12,394	12,413
Operating Revenue	7,430	6,640	5,663	4,972	5,259	7,098	6,778	12,960	12,394	12,413
Total Cost of Revenue	5,119	4,773	4,103	3,596	3,878	5,214	5,114	10,221	9,696	10,104
Operating Cost of Revenue	5,119	4,773	4,103	3,596	3,878	5,214	5,114	10,221	9,696	10,104
Total Operating Expenses	678	664	641	628	755	1,305	889	2,259	1,744	1,681
Selling, General & Admin Expense	347	333	288	251	277	400	371	715	924	765
Research & Development Expense	33	36	32	17	17	28	41	109	130	169
Depreciation Expense	277	272	265	270	279	295	314	551	535	508
Restructuring Charge	21	23	56	90	182	582	163	165	155	214
Total Other Income / (Expense), net	-250	-228	-313	-424	-455	-369	-347	-10	-540	-445
Interest Expense	6.00	2.00	2.00	405	381	338	377	496	499	473
Interest & Investment Income	-182	-218	-229	-	-	-	-	-	-	-
Other Income / (Expense), net	-62	-8.00	-82	-19	-74	-31	30	486	-41	28
Income Tax Expense	228	210	137	66	-40	84	119	544	1,476	339
Basic Earnings per Share	$2.83	$1.85	$1.12	$0.60	-	-	-	($0.28)	($2.31)	($0.93)
Weighted Average Basic Shares Outstanding	408M	412M	416M	430M	435M	446M	483M	451M	407.40M	346.20M
Diluted Earnings per Share	$2.81	$1.83	$1.11	$0.59	-	-	-	-	($2.31)	($0.93)
Weighted Average Diluted Shares Outstanding	410M	416M	421M	435M	439M	463M	503M	451M	407.40M	346.20M
Weighted Average Basic & Diluted Shares Outstanding	405.02M	410.30M	412.28M	418.90M	433.61M	435.92M	483M	264.30M	407.40M	346.20M
Cash Dividends to Common per Share	$0.26	$0.17	$0.10	-	$0.02	$0.12	$0.24	$0.24	$0.36	$0.36

This table shows Howmet Aerospace's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	343	314	331	266	242	236	187	193	147	109	80
Consolidated Net Income / (Loss)	344	314	332	266	243	236	188	193	148	111	80
Net Income / (Loss) Continuing Operations	344	314	332	266	243	236	188	193	148	111	80
Total Pre-Tax Income	446	392	354	334	303	270	242	243	220	148	104
Total Operating Income	494	445	421	398	369	326	307	285	285	220	228
Total Gross Profit	652	602	582	593	534	501	475	452	439	403	377
Total Revenue	1,942	1,891	1,835	1,880	1,824	1,731	1,658	1,648	1,603	1,513	1,433
Operating Revenue	1,942	1,891	1,835	1,880	1,824	1,731	1,658	1,648	1,603	1,513	1,433
Total Cost of Revenue	1,290	1,289	1,253	1,287	1,290	1,230	1,183	1,196	1,164	1,110	1,056
Operating Cost of Revenue	1,290	1,289	1,253	1,287	1,290	1,230	1,183	1,196	1,164	1,110	1,056
Total Operating Expenses	158	157	161	195	165	175	168	167	154	183	149
Selling, General & Admin Expense	85	77	85	97	88	83	87	88	75	63	73
Research & Development Expense	8.00	7.00	9.00	7.00	10	9.00	9.00	9.00	9.00	9.00	7.00
Depreciation Expense	69	73	68	69	67	68	68	67	69	67	65
Restructuring Charge	-4.00	-	-1.00	22	0.00	15	4.00	3.00	1.00	44	4.00
Total Other Income / (Expense), net	-48	-53	-67	-64	-66	-56	-65	-42	-65	-72	-124
Interest & Investment Income	-39	-	-44	-	-	-	-54	-	-	-	-
Other Income / (Expense), net	-9.00	-13	-17	-15	-17	-3.00	-11	13	-7.00	-15	-67
Income Tax Expense	102	78	22	68	60	34	54	50	72	37	24
Basic Earnings per Share	$0.85	$0.78	$0.81	$0.65	$0.59	$0.57	$0.45	$0.47	$0.36	$0.27	$0.19
Weighted Average Basic Shares Outstanding	405M	408M	408M	408M	410M	412M	412M	413M	412M	416M	415M
Diluted Earnings per Share	$0.84	$0.76	$0.81	$0.65	$0.59	$0.57	$0.45	$0.46	$0.35	$0.26	$0.19
Weighted Average Diluted Shares Outstanding	407M	410M	410M	411M	412M	416M	415M	417M	418M	421M	420M
Weighted Average Basic & Diluted Shares Outstanding	403.67M	405.02M	406.26M	408.15M	408.18M	410.30M	411.74M	412.21M	413.29M	412.28M	413.71M
Cash Dividends to Common per Share	$0.10	-	$0.08	$0.05	$0.05	-	$0.04	$0.04	$0.04	-	$0.02

This table details how cash moves in and out of Howmet Aerospace's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-45	-182	70	-889	-92	-579	133	266	-71	42
Net Cash From Operating Activities	1,298	901	733	449	9.00	461	217	-39	95	1,582
Net Cash From Continuing Operating Activities	1,298	901	733	449	9.00	461	217	-39	95	-808
Net Income / (Loss) Continuing Operations	1,155	765	469	258	261	470	642	-74	-878	-197
Consolidated Net Income / (Loss)	1,155	765	469	258	261	470	642	-74	-878	-197
Depreciation Expense	277	272	265	270	338	536	576	551	1,132	1,280
Non-Cash Adjustments To Reconcile Net Income	156	137	166	324	327	815	274	767	596	1,840
Changes in Operating Assets and Liabilities, net	-290	-273	-167	-403	-917	-1,360	-1,275	-1,283	-755	-1,341
Net Cash From Investing Activities	-316	-215	-135	107	271	528	565	1,320	591	-1,060
Net Cash From Continuing Investing Activities	-316	-215	-135	107	271	528	565	1,320	591	-1,060
Purchase of Property, Plant & Equipment	-321	-219	-193	-199	-267	-641	-768	-596	-1,125	-1,180
Acquisitions	-5.00	0.00	0.00	-	-	-	-	-9.00	-	-
Divestitures	9.00	2.00	58	32	114	103	309	-	10	97
Other Investing Activities, net	1.00	2.00	0.00	1.00	2.00	993	-1.00	243	-44	5.00
Net Cash From Financing Activities	-1,026	-868	-526	-1,444	-369	-1,568	-649	-1,015	-757	-441
Net Cash From Continuing Financing Activities	-1,026	-868	-526	-1,444	-369	-1,568	-649	-1,015	-757	-441
Repayment of Debt	-876	-879	-71	-1,687	-2,203	-819	-1,146	-1,705	-2,741	-2,049
Repurchase of Common Equity	-500	-250	-400	-430	-73	-1,150	0.00	0.00	-	-
Payment of Dividends	-109	-73	-44	-19	-11	-57	-119	-176	-454	-329
Issuance of Debt	500	400	-5.00	691	2,385	402	600	816	1,962	1,901
Other Financing Activities, net	-41	-66	-6.00	1.00	-467	56	16	50	425	34
Effect of Exchange Rate Changes	-1.00	0.00	-2.00	-1.00	-3.00	-	-	-	-	-39

This table details how cash moves in and out of Howmet Aerospace's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-28	90	-277	218	-76	185	-111	-2.00	-254	338	-84
Net Cash From Operating Activities	253	480	244	397	177	458	191	229	23	455	65
Net Cash From Continuing Operating Activities	253	480	244	397	177	458	191	229	23	455	65
Net Income / (Loss) Continuing Operations	344	314	332	266	243	236	188	193	148	111	80
Consolidated Net Income / (Loss)	344	314	332	266	243	236	188	193	148	111	80
Depreciation Expense	69	73	68	69	67	68	68	67	69	67	65
Non-Cash Adjustments To Reconcile Net Income	28	22	34	67	33	42	34	27	34	54	28
Changes in Operating Assets and Liabilities, net	-188	71	-190	-5.00	-166	112	-99	-58	-228	223	-108
Net Cash From Investing Activities	-115	-107	-80	-54	-75	-52	-58	-41	-64	-29	-41
Net Cash From Continuing Investing Activities	-115	-107	-80	-54	-75	-52	-58	-41	-64	-29	-41
Purchase of Property, Plant & Equipment	-119	-102	-82	-55	-82	-55	-59	-41	-64	-45	-42
Divestitures	5.00	-	1.00	1.00	7.00	1.00	1.00	-	0.00	16	-
Other Investing Activities, net	-1.00	-	-	-	-	2.00	-	-	-	-	-
Net Cash From Financing Activities	-167	-284	-441	-123	-178	-222	-243	-189	-214	-89	-106
Net Cash From Continuing Financing Activities	-167	-284	-441	-123	-178	-222	-243	-189	-214	-89	-106
Repayment of Debt	-1.00	-61	-792	-23	0.00	-502	-200	-	-177	-9.00	-
Repurchase of Common Equity	-125	-190	-100	-60	-150	-100	-25	-100	-25	-65	-100
Payment of Dividends	-42	-33	-34	-21	-21	-21	-17	-18	-17	-17	-9.00
Other Financing Activities, net	1.00	-	-15	-19	-7.00	1.00	-1.00	-71	5.00	3.00	3.00
Other Net Changes in Cash	1.00	-	-	-	-	-	-	-	-	-	-

This table presents Howmet Aerospace's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	10,519	10,428	10,255	10,219	11,443	17,562	18,693	18,718	20,038	36,477
Total Current Assets	3,362	3,316	3,143	2,737	3,672	5,843	6,581	6,378	5,892	7,953
Cash & Equivalents	564	610	791	720	1,610	1,577	2,277	2,150	1,863	1,362
Accounts Receivable	709	692	537	420	357	932	1,498	1,374	1,451	1,354
Inventories, net	1,840	1,765	1,609	1,402	1,488	1,607	2,492	2,480	2,253	2,284
Prepaid Expenses	249	249	206	195	217	285	314	374	325	397
Plant, Property, & Equipment, net	2,386	2,328	2,332	2,467	2,592	2,629	5,704	5,594	5,499	5,425
Total Noncurrent Assets	4,771	4,784	4,780	5,015	5,179	9,090	6,408	6,746	8,647	23,099
Goodwill	4,010	4,035	4,013	4,067	4,102	4,067	4,500	4,535	5,148	5,249
Intangible Assets	475	505	521	549	571	599	919	987	988	-
Noncurrent Deferred & Refundable Income Taxes	35	46	54	184	272	209	573	743	1,234	1,308
Other Noncurrent Operating Assets	251	198	192	215	234	316	416	481	257	1,944
Total Liabilities & Shareholders' Equity	10,519	10,428	10,255	10,219	11,443	17,562	18,693	18,718	20,038	36,477
Total Liabilities	5,965	6,391	6,654	6,711	7,866	12,957	13,108	13,794	14,897	22,346
Total Current Liabilities	1,549	1,784	1,482	1,253	1,660	4,125	3,520	2,824	2,749	5,211
Short-Term Debt	6.00	206	0.00	5.00	376	1,034	434	38	40	41
Accounts Payable	948	982	962	732	599	976	2,129	1,839	1,744	1,510
Current Deferred & Payable Income Tax Liabilities	60	68	48	61	102	65	118	75	85	103
Current Employee Benefit Liabilities	305	263	195	198	205	285	370	399	398	410
Other Current Liabilities	171	200	202	183	289	229	356	349	329	441
Other Current Nonoperating Liabilities	59	65	75	74	89	1,536	113	124	153	2,706
Total Noncurrent Liabilities	4,416	4,607	5,172	5,458	6,206	8,832	9,588	10,970	12,148	17,135
Long-Term Debt	3,309	3,500	4,162	4,227	4,699	4,906	5,896	6,806	8,044	8,786
Noncurrent Deferred Revenue	428	351	268	307	324	438	739	759	870	828
Noncurrent Employee Benefit Liabilities	679	756	742	924	1,183	1,230	2,953	3,405	3,234	2,842
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00
Total Equity & Noncontrolling Interests	4,554	4,037	3,601	3,508	3,577	4,605	5,585	4,924	5,141	14,131
Total Preferred & Common Equity	4,554	4,037	3,601	3,508	3,577	4,591	5,573	4,910	5,115	12,046
Preferred Stock	55	55	55	55	55	55	55	55	55	55
Total Common Equity	4,499	3,982	3,546	3,453	3,522	4,536	5,518	4,855	5,060	11,991
Common Stock	3,611	4,092	4,359	4,713	5,101	7,752	8,802	8,747	8,652	11,410
Retained Earnings	2,766	1,720	1,028	603	364	113	-358	-1,248	-1,027	8,834
Accumulated Other Comprehensive Income / (Loss)	-1,878	-1,830	-1,841	-1,863	-1,943	-3,329	-2,926	-2,644	-2,568	-5,431

This table presents Howmet Aerospace's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	10,772	10,519	10,558	10,679	10,410	10,428	10,166	10,233	10,174	10,255	9,929
Total Current Assets	3,554	3,362	3,391	3,603	3,340	3,316	3,111	3,128	3,057	3,143	2,846
Cash & Equivalents	536	564	475	752	533	610	424	535	537	791	453
Accounts Receivable	901	709	775	768	803	692	727	671	671	537	600
Inventories, net	1,902	1,840	1,902	1,848	1,783	1,765	1,748	1,715	1,662	1,609	1,612
Prepaid Expenses	215	249	239	235	221	249	212	207	187	206	181
Plant, Property, & Equipment, net	2,440	2,386	2,358	2,307	2,294	2,328	2,296	2,319	2,321	2,332	2,288
Total Noncurrent Assets	4,778	4,771	4,809	4,769	4,776	4,784	4,759	4,786	4,796	4,780	4,795
Goodwill	4,028	4,010	4,047	4,016	4,020	4,035	4,007	4,026	4,024	4,013	3,965
Intangible Assets	470	475	484	489	498	505	507	513	518	521	523
Noncurrent Deferred & Refundable Income Taxes	32	35	39	32	38	46	45	52	59	54	106
Other Noncurrent Operating Assets	248	251	239	232	220	198	200	195	195	192	201
Total Liabilities & Shareholders' Equity	10,772	10,519	10,558	10,679	10,410	10,428	10,166	10,233	10,174	10,255	9,929
Total Liabilities	5,980	5,965	6,055	6,402	6,324	6,391	6,294	6,458	6,413	6,654	6,656
Total Current Liabilities	1,548	1,549	1,517	2,358	1,698	1,784	1,454	1,410	1,403	1,482	1,381
Short-Term Debt	7.00	6.00	1.00	782	206	206	-	-	-	0.00	1.00
Accounts Payable	991	948	917	971	964	982	894	881	877	962	812
Current Deferred & Payable Income Tax Liabilities	105	60	59	81	84	68	73	78	64	48	56
Current Employee Benefit Liabilities	235	305	288	235	201	263	240	209	193	195	204
Other Current Liabilities	178	171	227	225	198	200	189	169	206	202	240
Other Current Nonoperating Liabilities	32	59	25	64	45	65	58	73	63	75	68
Total Noncurrent Liabilities	4,432	4,416	4,538	4,044	4,626	4,607	4,840	5,048	5,010	5,172	5,275
Long-Term Debt	3,317	3,309	3,393	2,877	3,486	3,500	3,794	3,989	3,988	4,162	4,170
Noncurrent Deferred Revenue	436	428	432	432	387	351	330	327	289	268	269
Noncurrent Employee Benefit Liabilities	679	679	713	735	753	756	716	732	733	742	836
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,792	4,554	4,503	4,277	4,086	4,037	3,872	3,775	3,761	3,601	3,273
Total Preferred & Common Equity	4,792	4,554	4,503	4,277	4,086	4,037	3,872	3,775	3,761	3,601	3,273
Preferred Stock	55	55	55	55	55	55	55	55	55	55	55
Total Common Equity	4,737	4,499	4,448	4,222	4,031	3,982	3,817	3,720	3,706	3,546	3,218
Common Stock	3,499	3,611	3,793	3,894	3,950	4,092	4,182	4,194	4,353	4,359	4,412
Retained Earnings	3,068	2,766	2,453	2,186	1,942	1,720	1,485	1,334	1,159	1,028	917
Accumulated Other Comprehensive Income / (Loss)	-1,830	-1,878	-1,798	-1,858	-1,861	-1,830	-1,850	-1,808	-1,806	-1,841	-2,111

This table displays calculated financial ratios and metrics derived from Howmet Aerospace's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.90%	17.25%	13.90%	-5.46%	-25.91%	4.72%	-47.70%	4.57%	-0.15%	-1.03%
EBITDA Growth	25.97%	33.12%	10.31%	12.25%	-17.90%	-21.51%	-8.97%	-25.82%	5.63%	0.47%
EBIT Growth	31.46%	42.77%	14.81%	32.07%	0.73%	-31.93%	-16.67%	5.81%	39.18%	18.20%
NOPAT Growth	44.49%	32.71%	19.41%	-22.89%	122.35%	-37.91%	840.36%	96.91%	-357.13%	-80.31%
Net Income Growth	50.98%	63.11%	81.78%	-1.15%	-44.47%	-26.79%	967.57%	91.57%	-345.69%	-211.30%
EPS Growth	53.55%	64.86%	88.14%	0.00%	0.00%	0.00%	0.00%	0.00%	-148.39%	-211.30%
Operating Cash Flow Growth	44.06%	22.92%	63.25%	4,888.89%	-98.05%	112.44%	656.41%	-141.05%	-93.99%	-5.50%
Free Cash Flow Firm Growth	51.07%	4.57%	19.86%	-40.45%	-60.32%	386.34%	-18.73%	160.74%	-114.94%	559.27%
Invested Capital Growth	2.31%	2.14%	-0.66%	-0.52%	-3.91%	-23.90%	0.09%	-7.17%	-11.26%	-40.34%
Revenue Q/Q Growth	2.20%	3.39%	4.20%	0.95%	32.60%	109.44%	-50.93%	2.40%	172.34%	0.90%
EBITDA Q/Q Growth	6.57%	8.83%	6.17%	-0.60%	-5.82%	29.67%	20.72%	-24.53%	49.71%	-22.22%
EBIT Q/Q Growth	7.46%	10.96%	8.28%	-0.82%	1.28%	95.71%	39.76%	-31.29%	753.27%	-45.06%
NOPAT Q/Q Growth	5.47%	14.68%	3.59%	-19.96%	88.75%	118.63%	160.69%	90.32%	-3,367.31%	-182.70%
Net Income Q/Q Growth	7.24%	19.53%	7.82%	-10.10%	-43.75%	24.01%	311.88%	87.67%	-125.13%	-128.89%
EPS Q/Q Growth	7.25%	20.39%	5.71%	-11.94%	0.00%	0.00%	0.00%	0.00%	-162.50%	-128.89%
Operating Cash Flow Q/Q Growth	1.72%	0.33%	26.16%	51.18%	-97.02%	4.06%	73.60%	91.98%	-91.15%	-27.26%
Free Cash Flow Firm Q/Q Growth	4.51%	36.22%	-9.37%	-25.68%	-63.59%	326.41%	591.70%	-91.20%	-204.14%	824.74%
Invested Capital Q/Q Growth	-1.11%	-1.40%	-0.17%	-1.60%	-2.53%	-24.47%	-5.27%	-12.27%	-46.42%	-42.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.10%	28.12%	27.55%	27.68%	26.26%	26.54%	24.55%	21.13%	21.77%	18.60%
EBITDA Margin	24.87%	22.09%	19.46%	20.09%	16.92%	15.27%	20.37%	11.71%	16.50%	15.60%
Operating Margin	21.98%	18.12%	16.23%	15.04%	11.90%	8.16%	11.43%	3.70%	7.70%	5.06%
EBIT Margin	21.14%	18.00%	14.78%	14.66%	10.50%	7.72%	11.88%	7.45%	7.37%	5.28%
Profit (Net Income) Margin	15.55%	11.52%	8.28%	5.19%	4.96%	6.62%	9.47%	-0.57%	-7.08%	-1.59%
Tax Burden Percent	83.51%	78.46%	77.39%	79.63%	152.63%	223.81%	150.00%	-15.74%	-212.08%	-107.65%
Interest Burden Percent	88.03%	81.59%	72.40%	44.44%	30.98%	38.32%	53.17%	48.65%	45.35%	27.90%
Effective Tax Rate	16.49%	21.54%	22.61%	20.37%	-23.39%	40.00%	27.80%	115.74%	356.52%	185.25%
Return on Invested Capital (ROIC)	18.73%	13.25%	10.06%	8.37%	10.62%	4.05%	5.74%	-0.75%	-21.93%	-3.38%
ROIC Less NNEP Spread (ROIC-NNEP)	11.74%	7.84%	3.17%	-1.08%	-5.44%	7.56%	7.58%	-0.72%	80.97%	21.43%
Return on Net Nonoperating Assets (RNNOA)	8.16%	6.78%	3.14%	-1.09%	-4.24%	5.18%	6.48%	-0.72%	12.81%	2.02%
Return on Equity (ROE)	26.89%	20.03%	13.19%	7.28%	6.38%	9.22%	12.22%	-1.47%	-9.11%	-1.36%
Cash Return on Invested Capital (CROIC)	16.45%	11.13%	10.72%	8.89%	14.60%	31.18%	5.65%	6.69%	-9.99%	47.15%
Operating Return on Assets (OROA)	15.00%	11.56%	8.18%	6.73%	3.81%	3.02%	4.30%	4.99%	3.23%	1.78%
Return on Assets (ROA)	11.03%	7.40%	4.58%	2.38%	1.80%	2.59%	3.43%	-0.38%	-3.11%	-0.53%
Return on Common Equity (ROCE)	26.54%	19.74%	12.99%	7.17%	6.28%	9.10%	12.06%	-1.45%	-8.06%	-1.14%
Return on Equity Simple (ROE_SIMPLE)	25.36%	18.95%	13.02%	7.35%	7.30%	10.24%	11.52%	-1.51%	-17.17%	-1.64%
Net Operating Profit after Tax (NOPAT)	1,364	944	711	596	772	347	560	-76	-2,447	-535
NOPAT Margin	18.36%	14.22%	12.56%	11.98%	14.69%	4.89%	8.26%	-0.58%	-19.75%	-4.31%
Net Nonoperating Expense Percent (NNEP)	6.99%	5.42%	6.89%	9.46%	16.06%	-3.51%	-1.84%	-0.03%	-102.90%	-24.81%
Return On Investment Capital (ROIC_SIMPLE)	17.33%	12.19%	9.16%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	68.90%	71.88%	72.45%	72.33%	73.74%	73.46%	75.45%	78.87%	78.23%	81.40%
SG&A Expenses to Revenue	4.67%	5.02%	5.09%	5.05%	5.27%	5.64%	5.47%	5.52%	7.46%	6.16%
R&D to Revenue	0.44%	0.54%	0.57%	0.34%	0.32%	0.39%	0.60%	0.84%	1.05%	1.36%
Operating Expenses to Revenue	9.13%	10.00%	11.32%	12.63%	14.36%	18.39%	13.12%	17.43%	14.07%	13.54%
Earnings before Interest and Taxes (EBIT)	1,571	1,195	837	729	552	548	805	966	913	656
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,848	1,467	1,102	999	890	1,084	1,381	1,517	2,045	1,936
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.87	5.57	4.56	3.90	3.48	2.91	1.45	2.63	1.55	1.02
Price to Tangible Book Value (P/TBV)	3,171.31	0.00	0.00	0.00	0.00	0.00	80.95	0.00	0.00	1.82
Price to Revenue (P/Rev)	5.98	3.34	2.86	2.71	2.33	1.86	1.18	0.98	0.63	0.99
Price to Earnings (P/E)	38.51	29.09	34.65	52.65	46.93	28.04	12.48	0.00	0.00	0.00
Dividend Yield	0.24%	0.32%	0.26%	0.13%	11.42%	0.39%	1.45%	0.91%	2.02%	1.28%
Earnings Yield	2.60%	3.44%	2.89%	1.90%	2.13%	3.57%	8.01%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.41	3.52	2.78	2.40	2.21	2.37	1.24	1.80	1.25	1.85
Enterprise Value to Revenue (EV/Rev)	6.35	3.82	3.46	3.43	3.00	2.48	1.79	1.35	1.06	1.76
Enterprise Value to EBITDA (EV/EBITDA)	25.54	17.28	17.79	17.06	17.72	16.25	8.79	11.55	6.41	11.30
Enterprise Value to EBIT (EV/EBIT)	30.05	21.21	23.43	23.38	28.57	32.13	15.07	18.14	14.36	33.34
Enterprise Value to NOPAT (EV/NOPAT)	34.61	26.86	27.57	28.62	20.42	50.69	21.69	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	36.37	28.13	26.75	37.96	1,752.14	38.20	55.92	0.00	138.03	13.83
Enterprise Value to Free Cash Flow (EV/FCFF)	39.41	31.97	25.86	26.94	14.84	6.58	22.04	25.86	0.00	2.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.73	0.92	1.16	1.21	1.42	1.29	1.13	1.39	1.57	0.62
Long-Term Debt to Equity	0.73	0.87	1.16	1.21	1.31	1.07	1.06	1.38	1.56	0.62
Financial Leverage	0.70	0.87	0.99	1.01	0.78	0.69	0.85	1.01	0.16	0.09
Leverage Ratio	2.44	2.71	2.88	3.06	3.55	3.56	3.56	3.85	2.93	2.55
Compound Leverage Factor	2.15	2.21	2.09	1.36	1.10	1.36	1.89	1.87	1.33	0.71
Debt to Total Capital	42.13%	47.86%	53.61%	54.68%	58.66%	56.33%	53.13%	58.16%	61.13%	38.45%
Short-Term Debt to Total Capital	0.08%	2.66%	0.00%	0.06%	4.35%	9.81%	3.64%	0.32%	0.30%	0.18%
Long-Term Debt to Total Capital	42.05%	45.20%	53.61%	54.61%	54.31%	46.52%	49.48%	57.83%	60.82%	38.27%
Preferred Equity to Total Capital	0.70%	0.71%	0.71%	0.71%	0.64%	0.52%	0.46%	0.47%	0.42%	0.24%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	0.10%	0.12%	0.20%	9.08%
Common Equity to Total Capital	57.17%	51.43%	45.68%	44.61%	40.71%	43.02%	46.31%	41.26%	38.26%	52.23%
Debt to EBITDA	1.79	2.53	3.78	4.24	5.70	5.48	4.58	4.51	3.95	4.56
Net Debt to EBITDA	1.49	2.11	3.06	3.52	3.89	4.02	2.93	3.09	2.54	3.86
Long-Term Debt to EBITDA	1.79	2.39	3.78	4.23	5.28	4.53	4.27	4.49	3.93	4.54
Debt to NOPAT	2.43	3.93	5.85	7.11	6.57	17.10	11.31	-90.56	-3.30	-16.49
Net Debt to NOPAT	2.02	3.28	4.74	5.90	4.49	12.56	7.24	-62.11	-2.13	-13.94
Long-Term Debt to NOPAT	2.43	3.71	5.85	7.10	6.08	14.12	10.54	-90.06	-3.29	-16.41
Altman Z-Score	6.24	3.51	2.62	2.18	1.81	1.24	1.04	1.55	1.20	1.16
Noncontrolling Interest Sharing Ratio	1.28%	1.44%	1.55%	1.55%	1.52%	1.33%	1.29%	1.49%	11.52%	16.19%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.17	1.86	2.12	2.18	2.21	1.42	1.87	2.26	2.14	1.53
Quick Ratio	0.82	0.73	0.90	0.91	1.18	0.61	1.07	1.25	1.21	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,198	793	758	633	1,062	2,677	551	677	-1,115	7,463
Operating Cash Flow to CapEx	404.36%	411.42%	379.79%	225.63%	3.37%	71.92%	28.26%	-6.54%	21.94%	148.13%
Free Cash Flow to Firm to Interest Expense	199.63	396.45	379.12	1.56	2.79	7.92	1.46	1.37	-2.23	15.78
Operating Cash Flow to Interest Expense	216.33	450.50	366.50	1.11	0.02	1.36	0.58	-0.08	0.19	3.34
Operating Cash Flow Less CapEx to Interest Expense	162.83	341.00	270.00	0.62	-0.68	-0.53	-1.46	-1.28	-0.68	1.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.64	0.55	0.46	0.36	0.39	0.36	0.67	0.44	0.34
Accounts Receivable Turnover	10.61	10.81	11.83	12.80	8.16	5.84	4.72	9.18	8.84	7.13
Inventory Turnover	2.84	2.83	2.73	2.49	2.51	2.54	2.06	4.32	4.27	3.77
Fixed Asset Turnover	3.15	2.85	2.36	1.97	2.01	1.70	1.20	2.34	2.27	1.14
Accounts Payable Turnover	5.30	4.91	4.84	5.40	4.92	3.36	2.58	5.71	5.96	4.33
Days Sales Outstanding (DSO)	34.41	33.78	30.84	28.52	44.73	62.48	77.33	39.78	41.30	51.19
Days Inventory Outstanding (DIO)	128.52	129.01	133.93	146.67	145.65	143.47	177.43	84.51	85.40	96.92
Days Payable Outstanding (DPO)	68.81	74.33	75.35	67.55	74.12	108.68	141.60	63.98	61.25	84.21
Cash Conversion Cycle (CCC)	94.13	88.46	89.42	107.64	116.26	97.27	113.16	60.31	65.45	63.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,364	7,198	7,047	7,094	7,131	7,421	9,751	9,742	10,495	11,827
Invested Capital Turnover	1.02	0.93	0.80	0.70	0.72	0.83	0.70	1.28	1.11	0.78
Increase / (Decrease) in Invested Capital	166	151	-47	-37	-290	-2,330	9.00	-753	-1,332	-7,998
Enterprise Value (EV)	47,204	25,349	19,607	17,045	15,769	17,610	12,134	17,520	13,113	21,872
Market Capitalization	44,398	22,198	16,181	13,478	12,249	13,178	8,014	12,757	7,831	12,267
Book Value per Share	$11.07	$9.67	$8.57	$8.08	$8.12	$10.48	$11.42	$10.09	$11.54	$9.15
Tangible Book Value per Share	$0.03	($1.36)	($2.39)	($2.72)	($2.65)	($0.30)	$0.20	($1.39)	($2.45)	$5.15
Total Capital	7,869	7,743	7,763	7,740	8,652	10,545	11,915	11,768	13,225	22,958
Total Debt	3,315	3,706	4,162	4,232	5,075	5,940	6,330	6,844	8,084	8,827
Total Long-Term Debt	3,309	3,500	4,162	4,227	4,699	4,906	5,896	6,806	8,044	8,786
Net Debt	2,751	3,096	3,371	3,512	3,465	4,363	4,053	4,694	5,201	7,465
Capital Expenditures (CapEx)	321	219	193	199	267	641	768	596	433	1,068
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,255	1,128	870	769	778	1,175	1,218	1,442	1,320	1,421
Debt-free Net Working Capital (DFNWC)	1,819	1,738	1,661	1,489	2,388	2,752	3,495	3,592	3,183	2,783
Net Working Capital (NWC)	1,813	1,532	1,661	1,484	2,012	1,718	3,061	3,554	3,143	2,742
Net Nonoperating Expense (NNE)	209	179	242	338	511	-123	-82	-1.57	-1,569	-338
Net Nonoperating Obligations (NNO)	2,810	3,161	3,446	3,586	3,554	2,816	4,166	4,818	5,354	-2,304
Total Depreciation and Amortization (D&A)	277	272	265	270	338	536	576	551	1,132	1,280
Debt-free, Cash-free Net Working Capital to Revenue	16.89%	16.99%	15.36%	15.47%	14.79%	16.55%	17.97%	11.13%	10.65%	11.45%
Debt-free Net Working Capital to Revenue	24.48%	26.17%	29.33%	29.95%	45.41%	38.77%	51.56%	27.72%	25.68%	22.42%
Net Working Capital to Revenue	24.40%	23.07%	29.33%	29.85%	38.26%	24.20%	45.16%	27.42%	25.36%	22.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.83	$1.85	$0.00	$0.00	$0.00	$0.80	$1.02	($0.21)	($1.77)	($0.71)
Adjusted Weighted Average Basic Shares Outstanding	408M	412M	416M	430M	435M	581.87M	632.67M	629.84M	574.74M	571.80M
Adjusted Diluted Earnings per Share	$2.81	$1.83	$0.00	$0.00	$0.00	$0.79	$1.00	($0.21)	($1.77)	($0.71)
Adjusted Weighted Average Diluted Shares Outstanding	410M	416M	421M	435M	439M	604.04M	632.67M	629.84M	574.74M	571.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	405.02M	410.30M	412.28M	418.90M	433.61M	568.71M	632.67M	629.84M	574.74M	571.80M
Normalized Net Operating Profit after Tax (NOPAT)	1,381	962	755	667	566	697	677	955	776	607
Normalized NOPAT Margin	18.59%	14.49%	13.32%	13.42%	10.75%	9.81%	9.99%	7.37%	6.26%	4.89%
Pre Tax Income Margin	18.61%	14.68%	10.70%	6.52%	3.25%	2.96%	6.31%	3.63%	3.34%	1.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	261.83	597.50	418.50	1.80	1.45	1.62	2.14	1.95	1.83	1.39
NOPAT to Interest Expense	227.30	471.95	355.62	1.47	2.03	1.03	1.48	-0.15	-4.90	-1.13
EBIT Less CapEx to Interest Expense	208.33	488.00	322.00	1.31	0.75	-0.28	0.10	0.75	0.96	-0.87
NOPAT Less CapEx to Interest Expense	173.80	362.45	259.12	0.98	1.33	-0.87	-0.55	-1.35	-5.77	-3.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.44%	9.54%	9.38%	7.36%	4.21%	12.13%	18.54%	-237.84%	-51.71%	-167.01%
Augmented Payout Ratio	52.73%	42.22%	94.67%	174.03%	32.18%	256.81%	18.54%	-237.84%	-51.71%	-167.01%

This table displays calculated financial ratios and metrics derived from Howmet Aerospace's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.47%	9.24%	10.68%	14.08%	13.79%	14.41%	15.70%	18.31%	21.07%	17.74%	11.69%
EBITDA Growth	32.22%	29.16%	29.67%	23.84%	20.75%	43.75%	61.06%	18.12%	17.63%	30.77%	-16.91%
EBIT Growth	37.78%	33.75%	36.49%	28.52%	26.62%	57.56%	83.85%	23.14%	21.40%	45.39%	-21.08%
NOPAT Growth	28.75%	25.09%	65.55%	40.03%	54.35%	72.70%	35.98%	16.93%	8.81%	13.70%	-27.12%
Net Income Growth	41.56%	33.05%	76.60%	37.82%	64.19%	112.61%	135.00%	31.29%	12.98%	44.16%	196.30%
EPS Growth	42.37%	33.33%	80.00%	41.30%	68.57%	119.23%	136.84%	31.43%	12.90%	44.44%	216.67%
Operating Cash Flow Growth	42.94%	4.80%	27.75%	73.36%	669.57%	0.66%	193.85%	44.94%	-58.18%	50.17%	-2.99%
Free Cash Flow Firm Growth	-78.99%	42.18%	9,997.09%	595.25%	82.75%	-36.82%	-100.77%	-79.68%	-6.38%	16.41%	-6.41%
Invested Capital Growth	4.42%	2.31%	2.01%	-0.74%	0.21%	2.14%	3.41%	2.43%	0.53%	-0.66%	-2.08%
Revenue Q/Q Growth	2.70%	3.05%	-2.39%	3.07%	5.37%	4.40%	0.61%	2.81%	5.95%	5.58%	2.87%
EBITDA Q/Q Growth	9.70%	6.99%	4.42%	7.88%	7.16%	7.42%	-0.27%	5.19%	27.57%	20.35%	-26.86%
EBIT Q/Q Growth	12.27%	6.93%	5.48%	8.81%	8.98%	9.12%	-0.67%	7.19%	35.61%	27.33%	-33.47%
NOPAT Q/Q Growth	6.89%	-9.72%	24.57%	7.11%	3.85%	19.48%	5.36%	18.06%	16.20%	-5.92%	-9.40%
Net Income Q/Q Growth	9.55%	-5.42%	24.81%	9.47%	2.97%	25.53%	-2.59%	30.41%	33.33%	38.75%	-45.58%
EPS Q/Q Growth	10.53%	-6.17%	24.62%	10.17%	3.51%	26.67%	-2.17%	31.43%	34.62%	36.84%	-45.71%
Operating Cash Flow Q/Q Growth	-47.29%	96.72%	-38.54%	124.29%	-61.35%	139.79%	-16.59%	895.65%	-94.95%	600.00%	-58.86%
Free Cash Flow Firm Q/Q Growth	-69.01%	-23.15%	-33.19%	32.05%	109.73%	5,449.08%	-104.69%	-65.29%	-27.49%	-34.85%	23.91%
Invested Capital Q/Q Growth	3.37%	-1.11%	2.75%	-0.58%	1.28%	-1.40%	-0.03%	0.37%	3.24%	-0.17%	-0.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.57%	31.84%	31.72%	31.54%	29.28%	28.94%	28.65%	27.43%	27.39%	26.64%	26.31%
EBITDA Margin	28.53%	26.71%	25.72%	24.04%	22.97%	22.59%	21.95%	22.15%	21.65%	17.98%	15.77%
Operating Margin	25.44%	23.53%	22.94%	21.17%	20.23%	18.83%	18.52%	17.29%	17.78%	14.54%	15.91%
EBIT Margin	24.97%	22.85%	22.02%	20.37%	19.30%	18.66%	17.85%	18.08%	17.34%	13.55%	11.24%
Profit (Net Income) Margin	17.71%	16.61%	18.09%	14.15%	13.32%	13.63%	11.34%	11.71%	9.23%	7.34%	5.58%
Tax Burden Percent	77.13%	80.10%	93.79%	79.64%	80.20%	87.41%	77.69%	79.42%	67.27%	75.00%	76.92%
Interest Burden Percent	91.96%	90.74%	87.62%	87.21%	86.08%	83.59%	81.76%	81.54%	79.14%	72.20%	64.60%
Effective Tax Rate	22.87%	19.90%	6.21%	20.36%	19.80%	12.59%	22.31%	20.58%	32.73%	25.00%	23.08%
Return on Invested Capital (ROIC)	19.88%	19.24%	21.21%	16.44%	15.29%	15.35%	12.87%	11.80%	9.79%	8.73%	9.32%
ROIC Less NNEP Spread (ROIC-NNEP)	18.65%	17.81%	19.24%	14.87%	13.71%	13.86%	11.47%	10.87%	8.60%	7.20%	6.75%
Return on Net Nonoperating Assets (RNNOA)	12.65%	12.38%	14.64%	12.00%	11.74%	11.99%	11.58%	10.93%	8.69%	7.12%	7.31%
Return on Equity (ROE)	32.53%	31.62%	35.86%	28.44%	27.02%	27.34%	24.44%	22.73%	18.48%	15.86%	16.63%
Cash Return on Invested Capital (CROIC)	15.10%	16.45%	15.54%	16.37%	14.16%	11.13%	8.11%	8.10%	9.44%	10.72%	11.73%
Operating Return on Assets (OROA)	17.80%	16.21%	15.45%	13.82%	12.86%	11.98%	11.41%	11.05%	10.15%	7.50%	6.02%
Return on Assets (ROA)	12.62%	11.78%	12.69%	9.60%	8.88%	8.75%	7.25%	7.16%	5.40%	4.06%	2.99%
Return on Common Equity (ROCE)	32.12%	31.21%	35.38%	28.05%	26.64%	26.95%	24.07%	22.38%	18.20%	15.61%	16.36%
Return on Equity Simple (ROE_SIMPLE)	26.21%	0.00%	23.92%	21.81%	21.05%	0.00%	16.53%	14.09%	12.92%	0.00%	13.29%
Net Operating Profit after Tax (NOPAT)	381	356	395	317	296	285	238	226	192	165	175
NOPAT Margin	19.62%	18.85%	21.52%	16.86%	16.22%	16.46%	14.38%	13.74%	11.96%	10.91%	12.24%
Net Nonoperating Expense Percent (NNEP)	1.23%	1.42%	1.97%	1.57%	1.58%	1.48%	1.40%	0.92%	1.20%	1.54%	2.57%
Return On Investment Capital (ROIC_SIMPLE)	4.69%	4.53%	-	-	-	3.68%	-	-	-	2.13%	-
Cost of Revenue to Revenue	66.43%	68.17%	68.28%	68.46%	70.72%	71.06%	71.35%	72.57%	72.61%	73.36%	73.69%
SG&A Expenses to Revenue	4.38%	4.07%	4.63%	5.16%	4.82%	4.79%	5.25%	5.34%	4.68%	4.16%	5.09%
R&D to Revenue	0.41%	0.37%	0.49%	0.37%	0.55%	0.52%	0.54%	0.55%	0.56%	0.59%	0.49%
Operating Expenses to Revenue	8.14%	8.30%	8.77%	10.37%	9.05%	10.11%	10.13%	10.13%	9.61%	12.10%	10.40%
Earnings before Interest and Taxes (EBIT)	485	432	404	383	352	323	296	298	278	205	161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	554	505	472	452	419	391	364	365	347	272	226
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.09	9.87	9.20	7.50	6.98	5.57	4.98	5.48	4.69	4.56	3.96
Price to Tangible Book Value (P/TBV)	219.85	3,171.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.96	5.98	5.63	4.46	4.10	3.34	2.96	3.29	2.92	2.86	2.35
Price to Earnings (P/E)	41.90	38.51	38.06	34.01	32.79	29.09	29.88	38.56	35.98	34.65	29.39
Dividend Yield	0.24%	0.24%	0.23%	0.25%	0.26%	0.32%	0.35%	0.28%	0.28%	0.26%	0.26%
Earnings Yield	2.39%	2.60%	2.63%	2.94%	3.05%	3.44%	3.35%	2.59%	2.78%	2.89%	3.40%
Enterprise Value to Invested Capital (EV/IC)	7.28	6.41	5.89	4.78	4.30	3.52	3.07	3.27	2.87	2.78	2.34
Enterprise Value to Revenue (EV/Rev)	7.34	6.35	6.04	4.88	4.57	3.82	3.49	3.86	3.51	3.46	3.04
Enterprise Value to EBITDA (EV/EBITDA)	27.93	25.54	25.31	21.29	20.37	17.28	16.64	19.76	18.10	17.79	15.92
Enterprise Value to EBIT (EV/EBIT)	32.50	30.05	30.02	25.57	24.70	21.21	20.82	25.38	23.57	23.43	21.38
Enterprise Value to NOPAT (EV/NOPAT)	38.28	34.61	33.94	30.46	29.97	26.86	27.25	31.56	28.90	27.57	24.07
Enterprise Value to Operating Cash Flow (EV/OCF)	40.31	36.37	34.40	28.31	29.71	28.13	24.97	30.97	29.79	26.75	28.45
Enterprise Value to Free Cash Flow (EV/FCFF)	49.23	39.41	38.30	29.07	30.40	31.97	38.53	40.90	30.50	25.86	19.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.73	0.75	0.86	0.90	0.92	0.98	1.06	1.06	1.16	1.27
Long-Term Debt to Equity	0.69	0.73	0.75	0.67	0.85	0.87	0.98	1.06	1.06	1.16	1.27
Financial Leverage	0.68	0.70	0.76	0.81	0.86	0.87	1.01	1.01	1.01	0.99	1.08
Leverage Ratio	2.39	2.44	2.47	2.60	2.62	2.71	2.81	2.82	2.81	2.88	2.96
Compound Leverage Factor	2.19	2.21	2.17	2.26	2.26	2.26	2.30	2.30	2.23	2.08	1.91
Debt to Total Capital	40.96%	42.13%	42.98%	46.11%	47.47%	47.86%	49.49%	51.38%	51.46%	53.61%	56.03%
Short-Term Debt to Total Capital	0.09%	0.08%	0.01%	9.85%	2.65%	2.66%	0.00%	0.00%	0.00%	0.00%	0.01%
Long-Term Debt to Total Capital	40.87%	42.05%	42.97%	36.25%	44.82%	45.20%	49.49%	51.38%	51.46%	53.61%	56.02%
Preferred Equity to Total Capital	0.68%	0.70%	0.70%	0.69%	0.71%	0.71%	0.72%	0.71%	0.71%	0.71%	0.74%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.37%	57.17%	56.33%	53.20%	51.83%	51.43%	49.79%	47.91%	47.83%	45.68%	43.23%
Debt to EBITDA	1.68	1.79	1.96	2.25	2.40	2.53	2.81	3.30	3.46	3.78	4.02
Net Debt to EBITDA	1.41	1.49	1.68	1.79	2.05	2.11	2.50	2.85	2.99	3.06	3.58
Long-Term Debt to EBITDA	1.67	1.79	1.96	1.77	2.27	2.39	2.81	3.30	3.46	3.78	4.02
Debt to NOPAT	2.30	2.43	2.62	3.22	3.53	3.93	4.61	5.27	5.52	5.85	6.08
Net Debt to NOPAT	1.93	2.02	2.26	2.56	3.02	3.28	4.09	4.56	4.78	4.74	5.42
Long-Term Debt to NOPAT	2.29	2.43	2.62	2.53	3.33	3.71	4.61	5.27	5.52	5.85	6.07
Altman Z-Score	6.74	5.88	5.41	4.18	3.89	3.23	2.94	2.98	2.65	2.41	2.06
Noncontrolling Interest Sharing Ratio	1.24%	1.28%	1.31%	1.37%	1.40%	1.44%	1.54%	1.53%	1.52%	1.55%	1.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.30	2.17	2.24	1.53	1.97	1.86	2.14	2.22	2.18	2.12	2.06
Quick Ratio	0.93	0.82	0.82	0.64	0.79	0.73	0.79	0.86	0.86	0.90	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	59	190	248	371	281	134	-2.50	53	154	212	325
Operating Cash Flow to CapEx	212.61%	470.59%	297.56%	721.82%	215.85%	832.73%	323.73%	558.54%	35.94%	1,011.11%	154.76%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	41.31	7.57	5.73	0.00	0.00	0.97	2.65	0.00	5.71
Operating Cash Flow to Interest Expense	0.00	0.00	40.67	8.10	3.61	0.00	0.00	4.16	0.40	0.00	1.14
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	27.00	6.98	1.94	0.00	0.00	3.42	-0.71	0.00	0.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.71	0.70	0.68	0.67	0.64	0.64	0.61	0.59	0.55	0.54
Accounts Receivable Turnover	8.86	10.61	9.68	9.86	9.31	10.81	9.68	10.15	9.90	11.83	10.21
Inventory Turnover	2.78	2.84	2.77	2.80	2.84	2.83	2.77	2.76	2.75	2.73	2.59
Fixed Asset Turnover	3.19	3.15	3.12	3.07	2.97	2.85	2.80	2.66	2.52	2.36	2.28
Accounts Payable Turnover	5.24	5.30	5.59	5.39	5.32	4.91	5.45	5.34	5.22	4.84	5.39
Days Sales Outstanding (DSO)	41.20	34.41	37.71	37.02	39.21	33.78	37.71	35.96	36.86	30.84	35.76
Days Inventory Outstanding (DIO)	131.38	128.52	131.65	130.31	128.33	129.01	131.79	132.18	132.95	133.93	140.76
Days Payable Outstanding (DPO)	69.70	68.81	65.32	67.73	68.58	74.33	66.91	68.35	69.92	75.35	67.69
Cash Conversion Cycle (CCC)	102.88	94.13	104.03	99.60	98.96	88.46	102.58	99.79	99.89	89.42	108.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,612	7,364	7,447	7,248	7,290	7,198	7,300	7,302	7,275	7,047	7,059
Invested Capital Turnover	1.01	1.02	0.99	0.98	0.94	0.93	0.89	0.86	0.82	0.80	0.76
Increase / (Decrease) in Invested Capital	322	166	147	-54	15	151	241	173	38	-47	-150
Enterprise Value (EV)	55,387	47,204	43,891	34,622	31,348	25,349	22,426	23,906	20,886	19,607	16,529
Market Capitalization	52,544	44,398	40,917	31,660	28,134	22,198	19,001	20,397	17,380	16,181	12,756
Book Value per Share	$11.70	$11.07	$10.90	$10.34	$9.83	$9.67	$9.26	$9.00	$8.99	$8.57	$7.75
Tangible Book Value per Share	$0.59	$0.03	($0.20)	($0.69)	($1.19)	($1.36)	($1.69)	($1.98)	($2.03)	($2.39)	($3.06)
Total Capital	8,116	7,869	7,897	7,936	7,778	7,743	7,666	7,764	7,749	7,763	7,444
Total Debt	3,324	3,315	3,394	3,659	3,692	3,706	3,794	3,989	3,988	4,162	4,171
Total Long-Term Debt	3,317	3,309	3,393	2,877	3,486	3,500	3,794	3,989	3,988	4,162	4,170
Net Debt	2,788	2,751	2,919	2,907	3,159	3,096	3,370	3,454	3,451	3,371	3,718
Capital Expenditures (CapEx)	119	102	82	55	82	55	59	41	64	45	42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,477	1,255	1,400	1,275	1,315	1,128	1,233	1,183	1,117	870	1,013
Debt-free Net Working Capital (DFNWC)	2,013	1,819	1,875	2,027	1,848	1,738	1,657	1,718	1,654	1,661	1,466
Net Working Capital (NWC)	2,006	1,813	1,874	1,245	1,642	1,532	1,657	1,718	1,654	1,661	1,465
Net Nonoperating Expense (NNE)	37	42	63	51	53	49	50	33	44	54	95
Net Nonoperating Obligations (NNO)	2,820	2,810	2,944	2,971	3,204	3,161	3,428	3,527	3,514	3,446	3,786
Total Depreciation and Amortization (D&A)	69	73	68	69	67	68	68	67	69	67	65
Debt-free, Cash-free Net Working Capital to Revenue	19.57%	16.89%	19.26%	17.98%	19.17%	16.99%	19.20%	19.09%	18.80%	15.36%	18.64%
Debt-free Net Working Capital to Revenue	26.67%	24.48%	25.79%	28.58%	26.93%	26.17%	25.80%	27.72%	27.84%	29.33%	26.97%
Net Working Capital to Revenue	26.58%	24.40%	25.78%	17.55%	23.93%	23.07%	25.80%	27.72%	27.84%	29.33%	26.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.85	$0.78	$0.81	$0.65	$0.59	$0.57	$0.45	$0.47	$0.36	$0.27	$0.19
Adjusted Weighted Average Basic Shares Outstanding	405M	408M	408M	408M	410M	412M	412M	413M	412M	416M	415M
Adjusted Diluted Earnings per Share	$0.84	$0.76	$0.81	$0.65	$0.59	$0.57	$0.45	$0.46	$0.35	$0.26	$0.19
Adjusted Weighted Average Diluted Shares Outstanding	407M	410M	410M	411M	412M	416M	415M	417M	418M	421M	420M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	403.67M	405.02M	406.26M	408.15M	408.18M	410.30M	411.74M	412.21M	413.29M	412.28M	413.71M
Normalized Net Operating Profit after Tax (NOPAT)	378	356	394	334	296	298	242	229	192	198	178
Normalized NOPAT Margin	19.46%	18.85%	21.47%	17.79%	16.22%	17.22%	14.57%	13.88%	12.00%	13.09%	12.45%
Pre Tax Income Margin	22.97%	20.73%	19.29%	17.77%	16.61%	15.60%	14.60%	14.75%	13.72%	9.78%	7.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	67.33	7.82	7.18	0.00	0.00	5.42	4.79	0.00	2.82
NOPAT to Interest Expense	0.00	0.00	65.81	6.47	6.04	0.00	0.00	4.12	3.31	0.00	3.08
EBIT Less CapEx to Interest Expense	0.00	0.00	53.67	6.69	5.51	0.00	0.00	4.67	3.69	0.00	2.09
NOPAT Less CapEx to Interest Expense	0.00	0.00	52.14	5.35	4.37	0.00	0.00	3.37	2.20	0.00	2.34
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.35%	9.44%	9.01%	8.57%	8.95%	9.54%	10.78%	11.47%	10.70%	9.38%	8.05%
Augmented Payout Ratio	48.17%	52.73%	47.08%	44.48%	52.56%	42.22%	44.38%	65.98%	62.14%	94.67%	132.18%

Frequently Asked Questions About Howmet Aerospace's Financials

When does Howmet Aerospace's financial year end?

According to the most recent income statement we have on file, Howmet Aerospace's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Howmet Aerospace's net income changed over the last 9 years?

Howmet Aerospace's net income appears to be on an upward trend, with a most recent value of $1.16 billion in 2024, falling from -$197 million in 2015. The previous period was $765 million in 2023. Check out Howmet Aerospace's forecast to explore projected trends and price targets.

What is Howmet Aerospace's operating income?

Howmet Aerospace's total operating income in 2024 was $1.63 billion, based on the following breakdown:

Total Gross Profit: $2.31 billion
Total Operating Expenses: $678 million

How has Howmet Aerospace revenue changed over the last 9 years?

Over the last 9 years, Howmet Aerospace's total revenue changed from $12.41 billion in 2015 to $7.43 billion in 2024, a change of -40.1%.

How much debt does Howmet Aerospace have?

Howmet Aerospace's total liabilities were at $5.97 billion at the end of 2024, a 6.7% decrease from 2023, and a 73.3% decrease since 2015.

How much cash does Howmet Aerospace have?

In the past 9 years, Howmet Aerospace's cash and equivalents has ranged from $564 million in 2024 to $2.28 billion in 2018, and is currently $564 million as of their latest financial filing in 2024.

How has Howmet Aerospace's book value per share changed over the last 9 years?

Over the last 9 years, Howmet Aerospace's book value per share changed from 9.15 in 2015 to 11.07 in 2024, a change of 21.0%.

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This page (NYSE:HWM) was last updated on 5/27/2025 by MarketBeat.com Staff

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Howmet Aerospace (HWM) Financials

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Howmet Aerospace (HWM) Financials

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