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Howmet Aerospace Inc

Howmet Aerospace Inc

HWM · NYSE · Industrials / Aerospace & Defense

220.82USD-2.29 (-1.03%)

Price History

Full chart

Market Stats

Previous Close223.11
Open224.00
Day Range218.80 – 226.05
52-Week Range183.52 – 309.85
Volume2.35M
Market Cap74.14B
P/E (TTM)40.07
Forward P/E44.05
EPS4.64
Dividend Yield0.30%
Beta1.20
50-Day Avg237.86
200-Day Avg249.21

About

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 Details

  • SectorIndustrials
  • IndustryAerospace & Defense
  • CEOMr. John C. Plant FCA
  • Employees25.43K
  • Headquarters201 Isabella Street, Pittsburgh, PA, United States, 15212-5872, USA
  • Websitehttps://www.howmet.com

Leadership

  • Mr. John C. Plant FCAExecutive Chairman & CEO · b. 1954
  • Mr. Patrick Joseph WinterlichExecutive VP & CFO · b. 1970
  • Mr. Neil E. MarchukExecutive VP & Chief Administrative Officer · b. 1958
  • Mr. Michael Niem ChanatryVP & Chief Commercial Officer · b. 1960
  • Mr. W. Paul MyronVice President of Finance, Strategy & Operations · b. 1966
  • Mr. Paul Thomas Luther Jr.Vice President of Investor Relations
  • Mr. Jonathan A. ArenaExecutive VP, Chief Legal and Compliance Officer & Secretary
  • Ms. Ann HumphreyChief Human Resources Officer & VP
  • Mr. Randall SchepsPresident of Forged Wheels · b. 1968
  • Ms. Margaret S. Lam Esq.Assistant Secretary, Associate General Counsel and Chief Securities & Governance Counsel

Financials

Income Statement

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-------21.01B24.95B23.70B23.03B12.54B12.39B12.39B12.96B14.02B7.10B5.26B4.97B5.66B6.64B7.43B8.25B
Growth (%)--------+18.74%-5.01%-2.82%-45.55%-1.20%+0.01%+4.59%+8.18%-49.38%-25.91%-5.46%+13.90%+17.25%+11.90%+11.06%
Cost of Revenue17.14B18.62B21.22B23.32B24.25B6.00M16.90B17.17B20.48B20.49B19.29B10.35B10.62B10.30B10.77B11.97B5.48B4.12B3.84B4.31B5.03B5.38B5.71B
Gross Profit-17.14B-18.62B-21.22B-23.32B-24.25B-6.00M-16.90B3.84B4.47B-20.49B-19.29B2.19B1.77B2.10B2.19B2.05B1.61B1.14B1.13B1.35B1.61B2.05B2.54B
Gross Margin-------18.27%17.92%-86.44%-83.74%17.49%14.30%16.90%16.90%14.64%22.75%21.73%22.81%23.91%24.31%27.62%30.74%
Operating Expense-18.17B-20.02B-22.45B-25.48B-26.82B--15.98B3.58B3.41B-20.65B-17.04B1.33B910.00M881.00M824.00M707.00M428.00M294.00M268.00M320.00M369.00M380.00M407.00M
Operating Income1.03B1.40B1.23B2.16B2.57B--924.00M254.00M1.06B162.00M-2.24B864.00M862.00M1.21B1.37B1.35B1.19B849.00M866.00M1.03B1.25B1.67B2.13B
Operating Margin-------1.21%4.26%0.68%-9.74%6.89%6.96%9.80%10.55%9.60%16.72%16.14%17.42%18.26%18.75%22.50%25.81%
EBITDA2.24B2.81B2.60B3.98B4.99B1.23B-657.00M2.35B2.87B1.79B-394.00M1.93B1.17B1.46B1.52B1.82B843.00M831.00M853.00M1.10B1.47B1.84B2.27B
EBITDA Margin-------11.17%11.51%7.54%-1.71%15.36%9.40%11.76%11.70%12.98%11.88%15.80%17.16%19.42%22.06%24.79%27.56%
Net Income938.00M1.31B1.23B2.25B2.56B--924.00M254.00M611.00M162.00M-2.24B268.00M-322.00M-941.00M-74.00M642.00M470.00M211.00M258.00M469.00M765.00M1.16B1.51B
Net Income Margin-------1.21%2.45%0.68%-9.74%2.14%-2.60%-7.59%-0.57%4.58%6.62%4.01%5.19%8.28%11.52%15.55%18.27%
R&D194.00M182.00M194.00M213.00M249.00M-169.00M174.00M184.00M197.00M192.00M123.00M169.00M132.00M109.00M103.00M28.00M17.00M17.00M32.00M36.00M33.00M37.00M
R&D as % of Total Revenue-------0.83%0.74%0.83%0.83%0.98%1.36%1.07%0.84%0.73%0.39%0.32%0.34%0.57%0.54%0.44%0.45%
Interest Expense0270.00M339.00M384.00M401.00M0470.00M494.00M524.00M00442.00M474.00M508.00M496.00M376.00M338.00M381.00M259.00M229.00M218.00M182.00M151.00M
Interest Expense % of Total Revenue-------2.35%2.10%0.00%0.00%3.52%3.83%4.10%3.83%2.68%4.76%7.24%5.21%4.04%3.28%2.45%1.83%

Balance Sheet

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets29.81B31.71B14.03B15.04B15.32B12.89B13.13B12.07B39.29B40.12B12.87B10.38B37.40B36.48B20.04B18.72B18.69B17.58B11.45B10.22B10.26B10.43B10.52B11.18B
Total Liabilities18.59B18.30B17.89B18.96B20.75B20.33B23.49B22.91B25.68B26.28B23.66B22.22B25.09B22.35B14.88B13.79B13.11B12.96B7.87B6.71B6.65B6.39B5.96B5.83B
Total Equity11.22B13.41B-3.86B-3.92B-5.43B-7.43B-10.36B-10.84B13.61B13.84B-10.79B-11.84B12.31B14.13B5.14B4.91B5.57B4.61B3.58B3.51B3.60B4.04B4.55B5.35B
Cash344.00M576.00M457.00M762.00M506.00M483.00M762.00M1.48B1.54B1.94B1.86B1.44B1.88B1.36B1.86B2.15B2.28B1.58B1.61B720.00M791.00M610.00M564.00M742.00M
Total Debt122.00M579.00M324.00M358.00M985.00M771.00M534.00M845.00M9.07B9.09B8.36B7.66B8.80B9.09B8.08B6.84B6.33B6.21B5.21B4.35B4.19B3.83B3.47B3.05B
Net Debt-222.00M3.00M-133.00M-404.00M479.00M288.00M-228.00M-636.00M7.53B7.15B-1.34B-725.00M6.92B7.46B6.22B4.69B4.05B4.63B3.60B3.63B3.37B3.23B2.91B2.31B

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-------2.26B2.19B1.50B1.58B1.67B1.58B873.00M701.00M217.00M406.00M9.00M449.00M733.00M901.00M1.30B1.88B
Investing Cash Flow----------759.00M-1.29B-3.46B-1.06B-165.00M540.00M565.00M583.00M271.00M107.00M-135.00M-215.00M-316.00M-438.00M
Financing Cash Flow-1.71B-1.52B-324.00M-20.00M-1.54B1.48B37.00M-952.00M62.00M-798.00M-679.00M2.25B-441.00M-757.00M-963.00M-649.00M-1.57B-369.00M-1.44B-526.00M-868.00M-1.03B-1.27B
Capital Expenditure002.14B3.21B3.64B3.44B1.62B1.01B1.29B1.26B1.18B1.22B1.18B1.13B596.00M768.00M586.00M267.00M199.00M193.00M219.00M321.00M453.00M
Free Cash Flow-------1.25B906.00M236.00M398.00M455.00M402.00M-252.00M105.00M-551.00M-180.00M-258.00M250.00M540.00M682.00M977.00M1.43B
Dividends Paid94.00M54.00M35.00M89.00M116.00M48.00M39.00M125.00M131.00M2.00M77.00M161.00M223.00M228.00M162.00M119.00M57.00M11.00M19.00M44.00M73.00M109.00M181.00M
FCF to OCF-------55.11%41.31%15.76%25.22%27.18%25.41%-28.87%14.98%-253.92%-44.33%-2866.67%55.68%73.67%75.69%75.27%75.96%
Dividend Paid to FCF-------10.03%14.46%0.85%19.35%35.38%55.47%-90.48%154.29%-21.60%-31.67%-4.26%7.60%8.15%10.70%11.16%12.65%

Earnings

Report DateJan 8, 1996Apr 4, 1996Jul 5, 1996Oct 4, 1996Jan 8, 1997Apr 4, 1997Jul 7, 1997Oct 6, 1997Jan 8, 1998Apr 6, 1998Jul 7, 1998Oct 6, 1998Jan 8, 1999Apr 7, 1999Jul 7, 1999Oct 6, 1999Jan 10, 2000Apr 6, 2000Jul 10, 2000Oct 5, 2000Jan 8, 2001Apr 5, 2001Jul 6, 2001Oct 4, 2001Jan 8, 2002Apr 5, 2002Jul 8, 2002Oct 4, 2002Jan 8, 2003Apr 4, 2003Jul 8, 2003Oct 7, 2003Jan 8, 2004Apr 6, 2004Jul 7, 2004Oct 7, 2004Jan 10, 2005Apr 6, 2005Jul 7, 2005Oct 10, 2005Jan 9, 2006Apr 10, 2006Jul 10, 2006Oct 10, 2006Jan 9, 2007Apr 10, 2007Jul 9, 2007Oct 9, 2007Jan 9, 2008Apr 7, 2008Jul 8, 2008Oct 7, 2008Jan 12, 2009Apr 7, 2009Jul 8, 2009Oct 7, 2009Jan 11, 2010Apr 12, 2010Jul 12, 2010Oct 7, 2010Jan 10, 2011Apr 11, 2011Jul 11, 2011Oct 11, 2011Jan 9, 2012Apr 10, 2012Jul 9, 2012Oct 9, 2012Jan 8, 2013Apr 8, 2013Jul 8, 2013Oct 8, 2013Jan 9, 2014Apr 8, 2014Jul 8, 2014Oct 8, 2014Jan 12, 2015Apr 8, 2015Jul 8, 2015Oct 8, 2015Jan 11, 2016Apr 11, 2016Jul 11, 2016Oct 11, 2016Jan 31, 2017Apr 25, 2017Aug 1, 2017Oct 23, 2017Feb 5, 2018Apr 30, 2018Jul 31, 2018Oct 30, 2018Feb 8, 2019Apr 30, 2019Aug 2, 2019Nov 5, 2019Jan 27, 2020May 5, 2020Aug 6, 2020Nov 9, 2020Feb 3, 2021May 6, 2021Aug 4, 2021Nov 4, 2021Feb 2, 2022May 3, 2022Aug 4, 2022Oct 31, 2022Feb 14, 2023May 2, 2023Aug 1, 2023Nov 2, 2023Feb 13, 2024May 2, 2024Jul 30, 2024Nov 6, 2024Feb 13, 2025May 1, 2025Jul 31, 2025Oct 30, 2025Feb 12, 2026May 7, 2026Aug 6, 2026Oct 29, 2026
EPS Estimate0.810.690.810.710.650.700.840.910.940.810.860.820.790.830.951.031.151.361.411.351.281.331.351.170.300.680.840.820.750.560.730.871.031.251.411.001.231.171.350.871.121.542.582.301.942.282.431.961.001.451.931.49-0.32-1.69-1.13-0.280.180.280.340.160.570.810.970.66-0.09-0.120.150.000.170.230.190.160.170.150.370.680.840.770.670.380.050.070.280.350.110.240.430.270.240.320.290.300.300.390.500.520.540.460.060.050.170.190.220.250.290.290.330.360.380.380.430.430.460.520.600.650.720.780.870.910.971.111.231.37
EPS Actual0.670.760.740.580.660.700.920.940.780.930.930.910.890.900.961.031.341.431.411.261.351.381.471.170.330.660.810.780.480.690.810.990.811.111.381.021.171.201.380.991.052.102.701.862.222.372.431.921.081.321.981.11-0.84-1.77-0.780.120.030.300.390.270.630.840.960.42-0.090.300.180.090.180.330.210.330.120.270.540.930.990.840.570.210.120.210.450.320.120.330.320.250.310.340.370.320.330.430.580.580.530.620.120.030.210.220.220.270.300.310.350.360.380.420.440.460.530.570.670.710.740.860.910.951.051.221.33-
Surprise-17.28%10.14%-8.64%-18.31%1.54%0.00%9.52%3.30%-17.02%14.81%8.14%10.98%12.66%8.43%1.05%0.00%16.52%5.15%0.00%-6.67%5.47%3.76%8.89%0.00%10.00%-2.94%-3.57%-4.88%-36.00%23.21%10.96%13.79%-21.36%-11.20%-2.13%2.00%-4.88%2.56%2.22%13.79%-6.25%36.36%4.65%-19.13%14.43%3.95%0.00%-2.04%8.00%-8.97%2.59%-25.50%-162.50%-4.73%30.97%142.86%-83.33%7.14%14.71%68.75%10.53%3.70%-1.03%-36.36%0.00%350.00%20.00%-5.88%43.48%10.53%106.25%-29.41%80.00%45.95%36.76%17.86%9.09%-14.93%-44.74%140.00%200.00%60.71%-8.57%9.09%37.50%-25.58%-7.41%29.17%6.25%27.59%6.67%10.00%10.26%16.00%11.54%-1.85%34.78%100.00%-40.00%23.53%15.79%0.00%8.00%3.45%6.90%6.06%0.00%0.00%10.53%2.33%6.98%15.22%9.62%11.67%9.23%2.78%10.26%4.60%4.40%8.25%10.28%8.13%-
Timing-----Pre-marketPre-marketPre-marketPre-marketPre-market-----------------------------------------------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap74.14B
Enterprise Value79.80B
Trailing P/E40.07
Forward P/E44.05
PEG Ratio0.80
Price / Sales8.13
Price / Book15.45
EPS4.64
Book Value14.33
Revenue (TTM)9.12B
Gross Profit (TTM)3.28B
EBITDA2.79B
Profit Margin20.52%
Operating Margin28.50%
Return on Equity34.73%
Return on Assets12.82%
Shares Outstanding398.80M
Shares Float395.22M
Beta1.20
Dividend Yield0.30%
Dividend Rate0.56
Payout Ratio11.43%

Analyst Ratings

Strong Buy
Based on 22 analystsTarget 324.55
  • Strong Buy
    15
  • Buy
    4
  • Hold
    3

Ownership Breakdown

Institutions
93.46%
Insiders
0.88%
Retail / Other
5.66%

Top Institutional Holders

  • BlackRock Inc
    45.82M11.49%
  • Vanguard Capital Management, LLC
    26.14M6.55%
  • State Street Corp
    18.93M4.75%
  • JPMorgan Chase & Co
    18.56M4.65%
  • Vanguard Portfolio Management, LLC
    18.55M4.65%
  • FMR Inc
    15.41M3.86%
  • T. Rowe Price Associates, Inc.
    13.50M3.39%
  • Bank of America Corp
    10.29M2.58%
  • Geode Capital Management, LLC
    9.51M2.38%
  • NORGES BANK
    7.90M1.98%
  • HHG PLC
    7.76M1.94%
  • Jupiter Topco LLC
    7.68M1.93%
  • Amvescap Plc.
    6.85M1.72%
  • Morgan Stanley - Brokerage Accounts
    6.10M1.53%
  • Kensico Capital Management Corp
    5.08M1.27%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    12.66M3.17%
  • Vanguard 500 Index Investor
    10.47M2.63%
  • Vanguard MStar Mid Cap Index Instl
    8.54M2.14%
  • iShares Core S&P 500 ETF
    5.31M1.33%
  • Fidelity 500 Index
    5.19M1.30%

Dividends

20264×
0.14Nov 6, 20260.14Aug 7, 20260.12May 8, 20260.12Feb 6, 2026
20254×
0.12Nov 7, 20250.12Aug 8, 20250.10May 9, 20250.10Feb 7, 2025
20244×
0.08Nov 8, 20240.08Aug 9, 20240.05May 9, 20240.05Feb 8, 2024
20234×
0.05Nov 9, 20230.04Aug 3, 20230.04May 4, 20230.04Feb 9, 2023
20224×
0.04Nov 3, 20220.02Aug 4, 20220.02May 5, 20220.02Feb 3, 2022
20212×
0.02Nov 4, 20210.02Aug 5, 2021
20201×
0.02Feb 6, 2020
20191×
0.02Nov 7, 2019

Stock Splits

  • Nov 1, 2016667:500
  • Oct 6, 20161:3
  • Jun 12, 20002:1
  • Feb 26, 19992:1
  • Feb 27, 19952:1
  • Feb 23, 19812:1