Howmet Aerospace (HWM) financials
Howmet Aerospace revenue and earnings by year
Howmet Aerospace's revenue was $8.25 billion in the fiscal year to December 31, 2025, up 11.1% from the year before. Net income was $1.51 billion, 18.3% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 4.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.3 | 7.4 | 6.6 | 5.7 | 5.0 | 5.3 | 7.1 | 6.8 | 13.0 | 12.4 |
| Revenue growth | 11.1% | 11.9% | 17.3% | 13.9% | -5.5% | -25.9% | 4.7% | -47.7% | 4.6% | — |
| Gross profit | 2.8 | 2.3 | 1.9 | 1.6 | 1.4 | 1.4 | 1.9 | 1.7 | 2.7 | 2.7 |
| Gross margin | 34.2% | 31.1% | 28.1% | 27.5% | 27.7% | 26.3% | 26.5% | 24.6% | 21.1% | 21.8% |
| Operating income | 2.0 | 1.6 | 1.2 | 0.9 | 0.7 | 0.6 | 0.6 | 0.8 | 0.5 | 1.0 |
| Operating margin | 24.8% | 22.0% | 18.1% | 16.2% | 15.0% | 11.9% | 8.2% | 11.4% | 3.7% | 7.7% |
| Net income | 1.5 | 1.2 | 0.8 | 0.5 | 0.3 | 0.3 | 0.5 | 0.6 | -0.1 | -0.9 |
| Net margin | 18.3% | 15.5% | 11.5% | 8.3% | 5.2% | 5.0% | 6.6% | 9.5% | -0.6% | -7.6% |
| Diluted EPS | $3.71 | $2.81 | $1.83 | $1.11 | $0.59 | $0.59 | $0.79 | $0.99 | -$0.16 | -$1.90 |
| Free cash flow | 1.4 | 1.0 | 0.7 | 0.5 | 0.3 | -0.3 | -0.2 | -0.6 | -0.6 | -1.0 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HWM in Markets.
How Howmet Aerospace makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Engine Products | $1.45B | 53.5% |
| Fastening Systems | $630M | 23.2% |
| Forged Wheels | $327M | 12.0% |
| Engineered Structures | $308M | 11.3% |
See also: HWM valuation and P/E history · HWM returns
No forecast, no recommendation. This page describes Howmet Aerospace from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.