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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.3B | $2.3B | $1.5B | $1.4B | 28.2% | 11.1% | 30.6% |
| 2024 | $7.4B | $1.8B | $1.2B | $977M | 25.7% | 11.9% | 51.0% |
| 2023 | $6.6B | $1.5B | $765M | $682M | 19.2% | 17.3% | 63.1% |
| 2022 | $5.7B | $1.1B | $469M | $540M | 13.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,663 | 6,640 | 7,430 | 8,252 |
| Cost Of Revenue | - | 4,103 | 4,773 | 5,119 | 5,432 |
| Gross Profit | - | 1,560 | 1,867 | 2,311 | 2,820 |
| Operating Expense | - | 577 | 651 | 672 | 705 |
| Operating Income | - | 983 | 1,216 | 1,639 | 2,115 |
| EBITDA | - | 1,100 | 1,465 | 1,842 | 2,274 |
| EBIT | - | 835 | 1,193 | 1,565 | 1,991 |
| Pretax Income | - | 606 | 975 | 1,383 | 1,840 |
| Tax Provision | - | 137 | 210 | 228 | 332 |
| Net Income | - | 469 | 765 | 1,155 | 1,508 |
| Net Income Common Stockholders | - | 467 | 763 | 1,153 | 1,506 |
| Total Expenses | - | 4,680 | 5,424 | 5,791 | 6,137 |
| Interest Expense | - | 229 | 218 | 182 | 151 |
| Interest Income | - | 6 | 23 | 20 | 20 |
| Research And Development | - | 32 | 36 | 33 | 37 |
| Selling General And Administration | - | 280 | 343 | 362 | 385 |
| Normalized EBITDA | - | 1,240 | 1,485 | 1,907 | 2,392 |
| Normalized Income | - | 577.36 | 780.70 | 1,209.28 | 1,604.71 |
| Market Cap | 97,203.91 | 97,203.91 | 97,203.91 | 97,203.91 | 97,203.91 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc.this co. | HWM | $98.0B | 64.46β premium | 18.16 | 28.2% | 43.83 |
| Trane Technologies plc | TT | $107.8B | 36.85 | 12.54 | 34.0% | 25.79 |
| FedEx Corporation | FDX | $94.3B | 22.62 | 3.30 | 14.6% | 11.86 |
| Quanta Services, Inc. | PWR | $93.0B | 91.17 | 10.49 | 11.5% | 38.94 |
| Johnson Controls International plc | JCI | $92.7B |
| - |
| - |
| - |
| - |
| - |
| 26.39 |
| 6.72 |
| 25.5% |
| 31.48 |
| Waste Management, Inc. | WM | $92.5B | 34.19 | 9.27 | 27.1% | 16.01 |
| Cummins Inc. | CMI | $91.1B | 32.13 | 7.40 | 23.0% | 17.90 |
| United Parcel Service, Inc. | UPS | $90.9B | 16.32 | 5.60 | 34.3% | 9.53 |
| CSX Corporation | CSX | $84.4B | 29.21 | 6.41 | 22.0% | 16.38 |
| Peer Median | - | 30.67 | 7.06 | 24.2% | 17.14 | |