Howmet Aerospace (HWM): financials, SEC filings and peers

Howmet Aerospace (HWM) is an aerospace & defense company in the Industrials sector of the S&P 500, headquartered in Pittsburgh, Pennsylvania.

It was founded in 1888 and joined the S&P 500 on October 21, 2016.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Rolling Drawing & Extruding of Nonferrous Metals”.

Howmet Aerospace at a glance

Revenue (12 months): $9.7B
Revenue growth: +22.0%
Operating margin: 28.1%
Net income (12 months): $2.1B
Free cash flow (12 months): $1.9B
Cash: $507M
Debt: $4.4B
Diluted EPS (12 months): $5.11

Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Howmet Aerospace reported revenue of $9.7 billion, up 22.0% from a year earlier.

Its operating margin was 28.1%, up 3.0 percentage points from a year earlier: for every $100 of sales, about $28 was left as operating profit.

Net income was $2.1 billion (21.1% of revenue), 41.6% higher than a year earlier.

Operating cash flow was $2.4 billion and capital spending $469 million, leaving free cash flow of $1.9 billion (19.8% of revenue).

At the end of the period it held $507 million in cash and $4.4 billion in debt, a net debt position of $3.9 billion.

The diluted share count fell 1.2% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $5.3 billion in fiscal 2020 to $8.3 billion in fiscal 2025, about 9.4% a year.
Revenue has grown for 4 fiscal years in a row.
Operating margin widened from 11.9% to 24.8% over the same years.
Free cash flow was negative in 1 of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$5.0B	$5.7B	$6.6B	$7.4B	$8.3B
Revenue growth	-5.5%	13.9%	17.3%	11.9%	11.1%
Operating margin	15.0%	16.2%	18.1%	22.0%	24.8%
Net income	$258M	$469M	$765M	$1.2B	$1.5B
Free cash flow	$250M	$540M	$682M	$977M	$1.4B
Diluted EPS	$0.59	$1.11	$1.83	$2.81	$3.71

Fiscal years as reported in Howmet Aerospace’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed October 29, 2026 — quarterly report
8-K filed October 29, 2026 — Earnings results
10-Q filed August 6, 2026 — quarterly report
8-K filed August 6, 2026 — Earnings results
8-K filed May 28, 2026 — Other event
8-K filed May 26, 2026 — Shareholder vote results
10-Q filed May 7, 2026 — quarterly report
8-K filed May 7, 2026 — Earnings results

All Howmet Aerospace filings on SEC EDGAR

Companies like Howmet Aerospace

Other S&P 500 companies in Aerospace & Defense:

More from Industrials

All 83 Industrials companies →

Questions about Howmet Aerospace

Is Howmet Aerospace's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $9.7 billion, up 22.0% from a year earlier, according to its SEC filings.

Is Howmet Aerospace profitable?

Yes. It earned $2.1 billion in net income over the twelve months to September 30, 2026, a net margin of 21.1%.

Does Howmet Aerospace have more cash or more debt?

At September 30, 2026 it had $507 million in cash and $4.4 billion in debt, so more debt than cash.

When did Howmet Aerospace last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.

Which companies are similar to Howmet Aerospace?

In the S&P 500, Howmet Aerospace is grouped in Aerospace & Defense within the Industrials sector. Axon Enterprise (AXON), Boeing (BA), General Dynamics (GD), GE Aerospace (GE), Huntington Ingalls Industries (HII) are in the same group.

Understand the numbers

Source: Howmet Aerospace’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.