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Profile & Fundamentals

Howmet Aerospace Profile & Fundamentals

Name: Howmet Aerospace financial chart data preview
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Company and Market Context

Company Profile & Ownership

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania.

Company profile record

Howmet Aerospace Inc

Common Stock · Industrials · Aerospace & Defense

Official website

Company

Company / asset: Howmet Aerospace Inc
Security type: Common Stock
Sector: Industrials
Industry: Aerospace & Defense
HQ: 🇺🇸 United States
Head office: 201 Isabella Street, Pittsburgh, PA, United States, 15212-5872

Leadership & scale

Chief executive: Mr. John C. Plant FCA
CEO year born: 1954
Full-time employees: 25.4K
Fiscal year end: December
IPO date: 1962-01-02

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 91.4B
P/E: 48.9x
Revenue (Q2 26): USD 2.5B
Profit (Q2 26): USD 534.0M
Dividend Yield: 0.2%
Revenue (FY 25): USD 8.3B
Shares in public float: 395.2M
Insider ownership: 0.87%

Reporting & identifiers

Symbol: HWM.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US4432011082
Asset ID: equity_1ad229e8-98fd-538e-a91c-a7476979cda2

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc47,963,376 shares · 12.03% · Reported 2026-03-31
Vanguard Capital Management, LLC26,056,750 shares · 6.53% · Reported 2026-03-31
JPMorgan Chase & Co20,987,781 shares · 5.26% · Reported 2026-03-31
Vanguard Portfolio Management, LLC18,535,288 shares · 4.65% · Reported 2026-03-31
State Street Corp18,321,062 shares · 4.59% · Reported 2026-03-31
FMR Inc15,776,137 shares · 3.96% · Reported 2026-03-31
T. Rowe Price Associates, Inc.15,428,989 shares · 3.87% · Reported 2026-03-31

View more holders (8)

Vanguard MStar Total Stk Mkt Idx Invest12,739,652 shares · 3.19% · Reported 2026-07-31
Geode Capital Management, LLC11,580,901 shares · 2.90% · Reported 2026-03-31
Bank of America Corp10,728,447 shares · 2.69% · Reported 2026-03-31
Vanguard 500 Index Investor10,503,983 shares · 2.63% · Reported 2026-07-31
Vanguard MStar Mid Cap Index Instl8,659,152 shares · 2.17% · Reported 2026-07-31
NORGES BANK7,895,313 shares · 1.98% · Reported 2026-06-30
HHG PLC7,755,645 shares · 1.94% · Reported 2026-03-31
Massachusetts Financial Services Company7,624,700 shares · 1.91% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's latest financial results demonstrate remarkable top-line momentum and operational leverage. Revenue expanded twenty-four percent year-over-year in the second quarter of 2026 to 2.55 billion dollars, driven by commercial aerospace build-rate recoveries, strong aftermarket engine spares, and surging demand for power-generation gas turbines. Full-year guidance points to approximately ten billion dollars in revenue and over three billion dollars in adjusted EBITDA. However, headlines conceal important nuances. First-quarter net income was elevated by ninety-three million dollars from a facility divestiture, meaning recent sequential comparisons slightly overstate recurring earnings growth. Underlying cash generation remains healthy, with free cash flow converting at high rates, but future earnings expansion will depend increasingly on factory throughput rather than further margin expansion.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability has undergone an extraordinary structural improvement over the past five years. Operating margins climbed from sixteen percent in 2020 to nearly twenty-eight percent in recent quarters, while Engine Products EBITDA margins reached an impressive 37.7%. This expansion reflects a rich mix of high-margin replacement engine parts, plant automation, and contractual price escalation clauses that pass through rising alloy expenses. However, current profitability appears to be approaching a cyclical ceiling. Aerospace foundries historically operate at lower through-cycle margins. As major customers develop internal casting alternatives and supply chains normalize, price resistance will intensify. Margins should stabilize at high levels rather than continuing their steep upward trajectory over the coming five years.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	12,393,000,000	-252,000,000	-941,000,000	16.9	9.8	-7.59	-2.03
2017-12-31	12,962,000,000	105,000,000	-74,000,000	16.9	10.55	-0.57	0.81
2018-12-31	14,022,000,000	-551,000,000	642,000,000	14.64	9.6	4.58	-3.93
2019-12-31	7,098,000,000	-180,000,000	470,000,000	22.75	16.72	6.62	-2.54
2020-12-31	5,259,000,000	-258,000,000	211,000,000	21.73	16.14	4.01	-4.91
2021-12-31	4,972,000,000	250,000,000	258,000,000	22.81	17.42	5.19	5.03
2022-12-31	5,663,000,000	540,000,000	469,000,000	23.91	18.26	8.28	9.54
2023-12-31	6,640,000,000	682,000,000	765,000,000	24.31	18.75	11.52	10.27
2024-12-31	7,430,000,000	977,000,000	1,155,000,000	27.62	22.5	15.55	13.15
2025-12-31	8,252,000,000	1,431,000,000	1,508,000,000	30.74	25.81	18.27	17.34

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	54.93	Trailing four quarters
2024-12-31	38.63	Trailing four quarters
2023-12-31	29.28	Trailing four quarters
2022-12-31	35.22	Annual net income
2021-12-31	53.23	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	481,339,100
2018-01-01	503,018,900
2019-01-01	441,941,600
2020-01-01	433,598,900
2021-01-01	431,460,900
2022-01-01	419,082,100
2023-01-01	413,941,400
2024-01-01	408,000,000
2025-01-01	404,000,000
2026-01-01	402,000,000

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