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HWM · NYSE · United States · Rolling Drawing & Extruding Of Nonferrous Metals
In shortHowmet Aerospace Inc. is profitable, generates cash and carries moderate debt, with revenue growing (+11.1% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 24.8% | 99/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 18.3% | 93/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 30.4% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 20.0% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.13× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.57× | 79/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.99× | 86/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 11.63× | 96/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.57 | 89/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 17.3% | 89/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.95× | 81/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 8.8% | 78/100 |
| Operating margin volatility | 4.1% | 72/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 13.4% | 91/100 |
|---|---|---|
| EPS growth, 3-year average | 49.5% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,972 | 5,663 | 6,640 | 7,430 | 8,252 |
| Research & development | 17 | 32 | 36 | 33 | 37 |
| Selling, general & admin | 251 | 288 | 333 | 347 | 370 |
| Operating income | 748 | 919 | 1,203 | 1,633 | 2,046 |
| Interest expense | 259 | 229 | 218 | 195 | 176 |
| Pre-tax income | 324 | 606 | 975 | 1,383 | 1,840 |
| Income tax | 66 | 137 | 210 | 228 | 332 |
| Net income | 258 | 469 | 765 | 1,155 | 1,508 |
| Diluted EPS | $0.59 | $1.11 | $1.83 | $2.81 | $3.71 |
| Diluted shares (millions) | 435 | 421 | 416 | 410 | 406 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Howmet Aerospace Inc. are included in the Investor plan. Try free for 7 days →
4.57 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026