HWM · XBRL financial data
Howmet Aerospace financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (HWM's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 5,259 | 4,972 | 5,663 | 6,640 | 7,430 | 8,252 |
| Research and development | 17 | 17 | 32 | 36 | 33 | 37 |
| Selling, general and administrative | 277 | 251 | 288 | 333 | 347 | 370 |
| Operating income (loss) | 626 | 748 | 919 | 1,203 | 1,633 | 2,046 |
| Interest income | — | — | 6 | 23 | 20 | 20 |
| Interest expense | 381 | 259 | 229 | 218 | — | — |
| Other income (expense) | (46) | 7 | 2 | 3 | 0 | 1 |
| Income tax expense (benefit) | (40) | 66 | 137 | 210 | 228 | 332 |
| Net income (loss) | 261 | 258 | 469 | 765 | 1,155 | 1,508 |
| Earnings per share, basic USD per share | — | 0.60 | 1.12 | 1.85 | 2.83 | 3.73 |
| Earnings per share, diluted USD per share | — | 0.59 | 1.11 | 1.83 | 2.81 | 3.71 |
| Weighted average shares, basic millions of shares | 435 | 430 | 416 | 412 | 408 | 404 |
| Weighted average shares, diluted millions of shares | 439 | 435 | 421 | 416 | 410 | 406 |
Balance sheet
CSVFiscal years (HWM's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,610 | 720 | 791 | 610 | 564 | 742 |
| Accounts receivable | 328 | 367 | 506 | 675 | 689 | 779 |
| Inventory | 1,488 | 1,402 | 1,609 | 1,765 | 1,840 | 1,849 |
| Prepaid and other current assets | 217 | 195 | 206 | 249 | 249 | 392 |
| Total current assets | 3,672 | 2,737 | 3,143 | 3,316 | 3,362 | 3,779 |
| Property and equipment, net | 2,592 | 2,467 | 2,332 | 2,328 | 2,386 | 2,593 |
| Right-of-use asset | 131 | 108 | 111 | 128 | 155 | 162 |
| Goodwill | 4,102 | 4,067 | 4,013 | 4,035 | 4,010 | 4,022 |
| Total assets | 11,443 | 10,219 | 10,255 | 10,428 | 10,519 | 11,179 |
| Accounts payable | 599 | 732 | 962 | 982 | 948 | 845 |
| Commercial paper | — | — | — | — | 0 | 0 |
| Current portion of long-term debt | 376 | 5 | 0 | 206 | 6 | 191 |
| Total current liabilities | 1,660 | 1,253 | 1,482 | 1,784 | 1,549 | 1,771 |
| Long-term debt | 4,699 | 4,227 | 4,162 | 3,500 | 3,309 | 2,859 |
| Lease liability, non-current | 100 | 81 | 83 | 97 | 119 | 121 |
| Total liabilities | 7,866 | 6,711 | 6,654 | 6,391 | 5,965 | 5,826 |
| Retained earnings | 364 | 603 | 1,028 | 1,720 | 2,766 | 4,093 |
| Total stockholders' equity | 3,577 | 3,508 | 3,601 | 4,037 | 4,554 | 5,353 |
| Total liabilities and equity | 11,443 | 10,219 | 10,255 | 10,428 | 10,519 | 11,179 |
| Common shares outstanding (cover page) millions of shares | 434 | 419 | 412 | 410 | 405 | 401 |
Cash flows
CSVFiscal years (HWM's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 261 | 258 | 469 | 765 | 1,155 | 1,508 |
| Stock-based compensation | 46 | 40 | 54 | 50 | 63 | 73 |
| Depreciation and amortization | 338 | 270 | 265 | 272 | 277 | 283 |
| Net cash from operating activities | 9 | 449 | 733 | 901 | 1,298 | 1,884 |
| Purchases of property and equipment | 267 | 199 | 193 | 219 | 321 | 453 |
| Net cash from investing activities | 271 | 107 | (135) | (215) | (316) | (438) |
| Share repurchases | 73 | 430 | 400 | 250 | 500 | 700 |
| Proceeds from long-term debt | 2,400 | 700 | 0 | 400 | 500 | 500 |
| Repayments of long-term debt | 2,043 | 1,538 | 69 | 876 | 865 | 765 |
| Net cash from financing activities | (369) | (1,444) | (526) | (868) | (1,026) | (1,269) |
| Net change in cash | (92) | (889) | 70 | (182) | (45) | 178 |
Compare with peers
SIC 3350 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.
How peers are chosen
- SIC 3350 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Fewer than three companies fall in that range, so the list adds same-SIC (3350) companies nearest in public float, each marked “added: same SIC”.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
- A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Howmet Aerospace | 507 | 2,703 | 709* | 397.7M | 10-QSep 30, 2026 |
| Corning | 2,537 | 4,855 | 1,061* | 861.4M | 10-QSep 30, 2026 |
| Mueller Industriesadded: same SIC | 1,448 | 1,419 | 337* | 218.0M | 10-QSep 26, 2026 |
| Kaiser Aluminumadded: same SIC | 117 | 1,215 | 101* | 16.3M | 10-QSep 30, 2026 |
| Quanex Building Productsadded: same SIC | 62 | 502 | 59* | 45.8M | 10-QJul 31, 2026 |
| Tredegaradded: same SIC | 17 | not reported | 5.7* | 34.9M | 10-QJun 30, 2026 |
| Xinxu Copper Industry Technologyadded: same SIC | 0.2 | year only | year only | 20.0M | 20-FJun 30, 2025 |
Not investment advice. Not affiliated with the U.S. SEC.