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Howmet Aerospace (HWM) Financials

Howmet Aerospace logo
$133.37 +3.67 (+2.83%)
As of 03:59 PM Eastern
Annual Income Statements for Howmet Aerospace

Annual Income Statements for Howmet Aerospace

This table shows Howmet Aerospace's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-322 -941 -74 642 470 261 256 467 763 1,153
Consolidated Net Income / (Loss)
-197 -878 -74 642 470 261 258 469 765 1,155
Net Income / (Loss) Continuing Operations
-156 -1,062 -74 309 126 211 258 469 765 1,155
Total Pre-Tax Income
183 414 470 428 210 171 324 606 975 1,383
Total Operating Income
628 954 480 775 579 626 748 919 1,203 1,633
Total Gross Profit
2,309 2,698 2,739 1,664 1,884 1,381 1,376 1,560 1,867 2,311
Total Revenue
12,413 12,394 12,960 6,778 7,098 5,259 4,972 5,663 6,640 7,430
Operating Revenue
12,413 12,394 12,960 6,778 7,098 5,259 4,972 5,663 6,640 7,430
Total Cost of Revenue
10,104 9,696 10,221 5,114 5,214 3,878 3,596 4,103 4,773 5,119
Operating Cost of Revenue
10,104 9,696 10,221 5,114 5,214 3,878 3,596 4,103 4,773 5,119
Total Operating Expenses
1,681 1,744 2,259 889 1,305 755 628 641 664 678
Selling, General & Admin Expense
765 924 715 371 400 277 251 288 333 347
Research & Development Expense
169 130 109 41 28 17 17 32 36 33
Depreciation Expense
508 535 551 314 295 279 270 265 272 277
Restructuring Charge
214 155 165 163 582 182 90 56 23 21
Total Other Income / (Expense), net
-445 -540 -10 -347 -369 -455 -424 -313 -228 -250
Interest Expense
473 499 496 377 338 381 405 2.00 2.00 6.00
Interest & Investment Income
- - - - - - - -229 -218 -182
Other Income / (Expense), net
28 -41 486 30 -31 -74 -19 -82 -8.00 -62
Income Tax Expense
339 1,476 544 119 84 -40 66 137 210 228
Basic Earnings per Share
($0.93) ($2.31) ($0.28) - - - $0.60 $1.12 $1.85 $2.83
Weighted Average Basic Shares Outstanding
346.20M 407.40M 451M 483M 446M 435M 430M 416M 412M 408M
Diluted Earnings per Share
($0.93) ($2.31) - - - - $0.59 $1.11 $1.83 $2.81
Weighted Average Diluted Shares Outstanding
346.20M 407.40M 451M 503M 463M 439M 435M 421M 416M 410M
Weighted Average Basic & Diluted Shares Outstanding
346.20M 407.40M 264.30M 483M 435.92M 433.61M 418.90M 412.28M 410.30M 405.02M
Cash Dividends to Common per Share
$0.36 $0.36 $0.24 $0.24 $0.12 $0.02 - $0.10 $0.17 $0.26

Quarterly Income Statements for Howmet Aerospace

This table shows Howmet Aerospace's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
80 109 147 193 187 236 242 266 331 314
Consolidated Net Income / (Loss)
80 111 148 193 188 236 243 266 332 314
Net Income / (Loss) Continuing Operations
80 111 148 193 188 236 243 266 332 314
Total Pre-Tax Income
104 148 220 243 242 270 303 334 354 392
Total Operating Income
228 220 285 285 307 326 369 398 421 445
Total Gross Profit
377 403 439 452 475 501 534 593 582 602
Total Revenue
1,433 1,513 1,603 1,648 1,658 1,731 1,824 1,880 1,835 1,891
Operating Revenue
1,433 1,513 1,603 1,648 1,658 1,731 1,824 1,880 1,835 1,891
Total Cost of Revenue
1,056 1,110 1,164 1,196 1,183 1,230 1,290 1,287 1,253 1,289
Operating Cost of Revenue
1,056 1,110 1,164 1,196 1,183 1,230 1,290 1,287 1,253 1,289
Total Operating Expenses
149 183 154 167 168 175 165 195 161 157
Selling, General & Admin Expense
73 63 75 88 87 83 88 97 85 77
Research & Development Expense
7.00 9.00 9.00 9.00 9.00 9.00 10 7.00 9.00 7.00
Depreciation Expense
65 67 69 67 68 68 67 69 68 73
Total Other Income / (Expense), net
-124 -72 -65 -42 -65 -56 -66 -64 -67 -53
Interest Expense
57 -172 58 55 0.00 -111 49 49 6.00 -98
Other Income / (Expense), net
-67 -15 -7.00 13 -11 -3.00 -17 -15 -17 -13
Income Tax Expense
24 37 72 50 54 34 60 68 22 78
Basic Earnings per Share
$0.19 $0.27 $0.36 $0.47 $0.45 $0.57 $0.59 $0.65 $0.81 $0.78
Weighted Average Basic Shares Outstanding
415M 416M 412M 413M 412M 412M 410M 408M 408M 408M
Diluted Earnings per Share
$0.19 $0.26 $0.35 $0.46 $0.45 $0.57 $0.59 $0.65 $0.81 $0.76
Weighted Average Diluted Shares Outstanding
420M 421M 418M 417M 415M 416M 412M 411M 410M 410M
Weighted Average Basic & Diluted Shares Outstanding
413.71M 412.28M 413.29M 412.21M 411.74M 410.30M 408.18M 408.15M 406.26M 405.02M

Annual Cash Flow Statements for Howmet Aerospace

This table details how cash moves in and out of Howmet Aerospace's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
42 -71 266 133 -579 -92 -889 70 -182 -45
Net Cash From Operating Activities
1,582 95 -39 217 461 9.00 449 733 901 1,298
Net Cash From Continuing Operating Activities
-808 95 -39 217 461 9.00 449 733 901 1,298
Net Income / (Loss) Continuing Operations
-197 -878 -74 642 470 261 258 469 765 1,155
Consolidated Net Income / (Loss)
-197 -878 -74 642 470 261 258 469 765 1,155
Depreciation Expense
1,280 1,132 551 576 536 338 270 265 272 277
Non-Cash Adjustments To Reconcile Net Income
1,840 596 767 274 815 327 324 166 137 156
Changes in Operating Assets and Liabilities, net
-1,341 -755 -1,283 -1,275 -1,360 -917 -403 -167 -273 -290
Net Cash From Investing Activities
-1,060 591 1,320 565 528 271 107 -135 -215 -316
Net Cash From Continuing Investing Activities
-1,060 591 1,320 565 528 271 107 -135 -215 -316
Purchase of Property, Plant & Equipment
-1,180 -1,125 -596 -768 -641 -267 -199 -193 -219 -321
Acquisitions
- - -9.00 - - - - 0.00 0.00 -5.00
Divestitures
97 10 - 309 103 114 32 58 2.00 9.00
Other Investing Activities, net
5.00 -44 243 -1.00 993 2.00 1.00 0.00 2.00 1.00
Net Cash From Financing Activities
-441 -757 -1,015 -649 -1,568 -369 -1,444 -526 -868 -1,026
Net Cash From Continuing Financing Activities
-441 -757 -1,015 -649 -1,568 -369 -1,444 -526 -868 -1,026
Repayment of Debt
-2,049 -2,741 -1,705 -1,146 -819 -2,203 -1,687 -71 -879 -876
Repurchase of Common Equity
- - 0.00 0.00 -1,150 -73 -430 -400 -250 -500
Payment of Dividends
-329 -454 -176 -119 -57 -11 -19 -44 -73 -109
Issuance of Debt
1,901 1,962 816 600 402 2,385 691 -5.00 400 500
Other Financing Activities, net
34 425 50 16 56 -467 1.00 -6.00 -66 -41
Effect of Exchange Rate Changes
-39 - - - - -3.00 -1.00 -2.00 0.00 -1.00

Quarterly Cash Flow Statements for Howmet Aerospace

This table details how cash moves in and out of Howmet Aerospace's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-84 338 -254 -2.00 -111 185 -76 218 -277 90
Net Cash From Operating Activities
65 455 23 229 191 458 177 397 244 480
Net Cash From Continuing Operating Activities
65 455 23 229 191 458 177 397 244 480
Net Income / (Loss) Continuing Operations
80 111 148 193 188 236 243 266 332 314
Consolidated Net Income / (Loss)
80 111 148 193 188 236 243 266 332 314
Depreciation Expense
65 67 69 67 68 68 67 69 68 73
Non-Cash Adjustments To Reconcile Net Income
28 54 34 27 34 42 33 67 34 22
Changes in Operating Assets and Liabilities, net
-108 223 -228 -58 -99 112 -166 -5.00 -190 71
Net Cash From Investing Activities
-41 -29 -64 -41 -58 -52 -75 -54 -80 -107
Net Cash From Continuing Investing Activities
-41 -29 -64 -41 -58 -52 -75 -54 -80 -107
Purchase of Property, Plant & Equipment
-42 -45 -64 -41 -59 -55 -82 -55 -82 -102
Net Cash From Financing Activities
-106 -89 -214 -189 -243 -222 -178 -123 -441 -284
Net Cash From Continuing Financing Activities
-106 -89 -214 -189 -243 -222 -178 -123 -441 -284
Repayment of Debt
- -9.00 -177 - -200 -502 0.00 -23 -792 -61
Repurchase of Common Equity
-100 -65 -25 -100 -25 -100 -150 -60 -100 -190
Payment of Dividends
-9.00 -17 -17 -18 -17 -21 -21 -21 -34 -33
Effect of Exchange Rate Changes
-2.00 1.00 1.00 -1.00 -1.00 1.00 0.00 -2.00 - 1.00

Annual Balance Sheets for Howmet Aerospace

This table presents Howmet Aerospace's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
36,477 20,038 18,718 18,693 17,562 11,443 10,219 10,255 10,428 10,519
Total Current Assets
7,953 5,892 6,378 6,581 5,843 3,672 2,737 3,143 3,316 3,362
Cash & Equivalents
1,362 1,863 2,150 2,277 1,577 1,610 720 791 610 564
Accounts Receivable
1,354 1,451 1,374 1,498 932 357 420 537 692 709
Inventories, net
2,284 2,253 2,480 2,492 1,607 1,488 1,402 1,609 1,765 1,840
Prepaid Expenses
397 325 374 314 285 217 195 206 249 249
Plant, Property, & Equipment, net
5,425 5,499 5,594 5,704 2,629 2,592 2,467 2,332 2,328 2,386
Total Noncurrent Assets
23,099 8,647 6,746 6,408 9,090 5,179 5,015 4,780 4,784 4,771
Goodwill
5,249 5,148 4,535 4,500 4,067 4,102 4,067 4,013 4,035 4,010
Intangible Assets
- 988 987 919 599 571 549 521 505 475
Noncurrent Deferred & Refundable Income Taxes
1,308 1,234 743 573 209 272 184 54 46 35
Other Noncurrent Operating Assets
1,944 257 481 416 316 234 215 192 198 251
Total Liabilities & Shareholders' Equity
36,477 20,038 18,718 18,693 17,562 11,443 10,219 10,255 10,428 10,519
Total Liabilities
22,346 14,897 13,794 13,108 12,957 7,866 6,711 6,654 6,391 5,965
Total Current Liabilities
5,211 2,749 2,824 3,520 4,125 1,660 1,253 1,482 1,784 1,549
Short-Term Debt
41 40 38 434 1,034 376 5.00 0.00 206 6.00
Accounts Payable
1,510 1,744 1,839 2,129 976 599 732 962 982 948
Current Deferred & Payable Income Tax Liabilities
103 85 75 118 65 102 61 48 68 60
Current Employee Benefit Liabilities
410 398 399 370 285 205 198 195 263 305
Other Current Liabilities
441 329 349 356 229 289 183 202 200 171
Other Current Nonoperating Liabilities
2,706 153 124 113 1,536 89 74 75 65 59
Total Noncurrent Liabilities
17,135 12,148 10,970 9,588 8,832 6,206 5,458 5,172 4,607 4,416
Long-Term Debt
8,786 8,044 6,806 5,896 4,906 4,699 4,227 4,162 3,500 3,309
Noncurrent Deferred Revenue
828 870 759 739 438 324 307 268 351 428
Noncurrent Employee Benefit Liabilities
2,842 3,234 3,405 2,953 1,230 1,183 924 742 756 679
Commitments & Contingencies
0.00 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
14,131 5,141 4,924 5,585 4,605 3,577 3,508 3,601 4,037 4,554
Total Preferred & Common Equity
12,046 5,115 4,910 5,573 4,591 3,577 3,508 3,601 4,037 4,554
Preferred Stock
55 55 55 55 55 55 55 55 55 55
Total Common Equity
11,991 5,060 4,855 5,518 4,536 3,522 3,453 3,546 3,982 4,499
Common Stock
11,410 8,652 8,747 8,802 7,752 5,101 4,713 4,359 4,092 3,611
Retained Earnings
8,834 -1,027 -1,248 -358 113 364 603 1,028 1,720 2,766
Accumulated Other Comprehensive Income / (Loss)
-5,431 -2,568 -2,644 -2,926 -3,329 -1,943 -1,863 -1,841 -1,830 -1,878

Quarterly Balance Sheets for Howmet Aerospace

This table presents Howmet Aerospace's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
9,929 10,255 10,174 10,233 10,166 10,428 10,410 10,679 10,558 10,519
Total Current Assets
2,846 3,143 3,057 3,128 3,111 3,316 3,340 3,603 3,391 3,362
Cash & Equivalents
453 791 537 535 424 610 533 752 475 564
Accounts Receivable
600 537 671 671 727 692 803 768 775 709
Inventories, net
1,612 1,609 1,662 1,715 1,748 1,765 1,783 1,848 1,902 1,840
Prepaid Expenses
181 206 187 207 212 249 221 235 239 249
Plant, Property, & Equipment, net
2,288 2,332 2,321 2,319 2,296 2,328 2,294 2,307 2,358 2,386
Total Noncurrent Assets
4,795 4,780 4,796 4,786 4,759 4,784 4,776 4,769 4,809 4,771
Goodwill
3,965 4,013 4,024 4,026 4,007 4,035 4,020 4,016 4,047 4,010
Intangible Assets
523 521 518 513 507 505 498 489 484 475
Noncurrent Deferred & Refundable Income Taxes
106 54 59 52 45 46 38 32 39 35
Other Noncurrent Operating Assets
201 192 195 195 200 198 220 232 239 251
Total Liabilities & Shareholders' Equity
9,929 10,255 10,174 10,233 10,166 10,428 10,410 10,679 10,558 10,519
Total Liabilities
6,656 6,654 6,413 6,458 6,294 6,391 6,324 6,402 6,055 5,965
Total Current Liabilities
1,381 1,482 1,403 1,410 1,454 1,784 1,698 2,358 1,517 1,549
Short-Term Debt
1.00 0.00 - - - 206 206 782 1.00 6.00
Accounts Payable
812 962 877 881 894 982 964 971 917 948
Current Deferred & Payable Income Tax Liabilities
56 48 64 78 73 68 84 81 59 60
Current Employee Benefit Liabilities
204 195 193 209 240 263 201 235 288 305
Other Current Liabilities
240 202 206 169 189 200 198 225 227 171
Other Current Nonoperating Liabilities
68 75 63 73 58 65 45 64 25 59
Total Noncurrent Liabilities
5,275 5,172 5,010 5,048 4,840 4,607 4,626 4,044 4,538 4,416
Long-Term Debt
4,170 4,162 3,988 3,989 3,794 3,500 3,486 2,877 3,393 3,309
Noncurrent Deferred Revenue
269 268 289 327 330 351 387 432 432 428
Noncurrent Employee Benefit Liabilities
836 742 733 732 716 756 753 735 713 679
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
3,273 3,601 3,761 3,775 3,872 4,037 4,086 4,277 4,503 4,554
Total Preferred & Common Equity
3,273 3,601 3,761 3,775 3,872 4,037 4,086 4,277 4,503 4,554
Preferred Stock
55 55 55 55 55 55 55 55 55 55
Total Common Equity
3,218 3,546 3,706 3,720 3,817 3,982 4,031 4,222 4,448 4,499
Common Stock
4,412 4,359 4,353 4,194 4,182 4,092 3,950 3,894 3,793 3,611
Retained Earnings
917 1,028 1,159 1,334 1,485 1,720 1,942 2,186 2,453 2,766
Accumulated Other Comprehensive Income / (Loss)
-2,111 -1,841 -1,806 -1,808 -1,850 -1,830 -1,861 -1,858 -1,798 -1,878

Annual Metrics and Ratios for Howmet Aerospace

This table displays calculated financial ratios and metrics derived from Howmet Aerospace's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-1.03% -0.15% 4.57% -47.70% 4.72% -25.91% -5.46% 13.90% 17.25% 11.90%
EBITDA Growth
0.47% 5.63% -25.82% -8.97% -21.51% -17.90% 12.25% 10.31% 33.12% 25.97%
EBIT Growth
18.20% 39.18% 5.81% -16.67% -31.93% 0.73% 32.07% 14.81% 42.77% 31.46%
NOPAT Growth
-80.31% -357.13% 96.91% 840.36% -37.91% 122.35% -22.89% 19.41% 32.71% 44.49%
Net Income Growth
-211.30% -345.69% 91.57% 967.57% -26.79% -44.47% -1.15% 81.78% 63.11% 50.98%
EPS Growth
-211.30% -148.39% 0.00% 0.00% 0.00% 0.00% 0.00% 88.14% 64.86% 53.55%
Operating Cash Flow Growth
-5.50% -93.99% -141.05% 656.41% 112.44% -98.05% 4,888.89% 63.25% 22.92% 44.06%
Free Cash Flow Firm Growth
559.27% -114.94% 160.74% -18.73% 386.34% -60.32% -40.45% 19.86% 4.57% 51.07%
Invested Capital Growth
-40.34% -11.26% -7.17% 0.09% -23.90% -3.91% -0.52% -0.66% 2.14% 2.31%
Revenue Q/Q Growth
0.90% 172.34% 2.40% -50.93% 109.44% 32.60% 0.95% 4.20% 3.39% 2.20%
EBITDA Q/Q Growth
-22.22% 49.71% -24.53% 20.72% 29.67% -5.82% -0.60% 6.17% 8.83% 6.57%
EBIT Q/Q Growth
-45.06% 753.27% -31.29% 39.76% 95.71% 1.28% -0.82% 8.28% 10.96% 7.46%
NOPAT Q/Q Growth
-182.70% -3,367.31% 90.32% 160.69% 118.63% 88.75% -19.96% 3.59% 14.68% 5.47%
Net Income Q/Q Growth
-128.89% -125.13% 87.67% 311.88% 24.01% -43.75% -10.10% 7.82% 19.53% 7.24%
EPS Q/Q Growth
-128.89% -162.50% 0.00% 0.00% 0.00% 0.00% -11.94% 5.71% 20.39% 7.25%
Operating Cash Flow Q/Q Growth
-27.26% -91.15% 91.98% 73.60% 4.06% -97.02% 51.18% 26.16% 0.33% 1.72%
Free Cash Flow Firm Q/Q Growth
824.74% -204.14% -91.20% 591.70% 326.41% -63.59% -25.68% -9.37% 36.22% 4.51%
Invested Capital Q/Q Growth
-42.54% -46.42% -12.27% -5.27% -24.47% -2.53% -1.60% -0.17% -1.40% -1.11%
Profitability Metrics
- - - - - - - - - -
Gross Margin
18.60% 21.77% 21.13% 24.55% 26.54% 26.26% 27.68% 27.55% 28.12% 31.10%
EBITDA Margin
15.60% 16.50% 11.71% 20.37% 15.27% 16.92% 20.09% 19.46% 22.09% 24.87%
Operating Margin
5.06% 7.70% 3.70% 11.43% 8.16% 11.90% 15.04% 16.23% 18.12% 21.98%
EBIT Margin
5.28% 7.37% 7.45% 11.88% 7.72% 10.50% 14.66% 14.78% 18.00% 21.14%
Profit (Net Income) Margin
-1.59% -7.08% -0.57% 9.47% 6.62% 4.96% 5.19% 8.28% 11.52% 15.55%
Tax Burden Percent
-107.65% -212.08% -15.74% 150.00% 223.81% 152.63% 79.63% 77.39% 78.46% 83.51%
Interest Burden Percent
27.90% 45.35% 48.65% 53.17% 38.32% 30.98% 44.44% 72.40% 81.59% 88.03%
Effective Tax Rate
185.25% 356.52% 115.74% 27.80% 40.00% -23.39% 20.37% 22.61% 21.54% 16.49%
Return on Invested Capital (ROIC)
-3.38% -21.93% -0.75% 5.74% 4.05% 10.62% 8.37% 10.06% 13.25% 18.73%
ROIC Less NNEP Spread (ROIC-NNEP)
21.43% 80.97% -0.72% 7.58% 7.56% -5.44% -1.08% 3.17% 7.84% 11.74%
Return on Net Nonoperating Assets (RNNOA)
2.02% 12.81% -0.72% 6.48% 5.18% -4.24% -1.09% 3.14% 6.78% 8.16%
Return on Equity (ROE)
-1.36% -9.11% -1.47% 12.22% 9.22% 6.38% 7.28% 13.19% 20.03% 26.89%
Cash Return on Invested Capital (CROIC)
47.15% -9.99% 6.69% 5.65% 31.18% 14.60% 8.89% 10.72% 11.13% 16.45%
Operating Return on Assets (OROA)
1.78% 3.23% 4.99% 4.30% 3.02% 3.81% 6.73% 8.18% 11.56% 15.00%
Return on Assets (ROA)
-0.53% -3.11% -0.38% 3.43% 2.59% 1.80% 2.38% 4.58% 7.40% 11.03%
Return on Common Equity (ROCE)
-1.14% -8.06% -1.45% 12.06% 9.10% 6.28% 7.17% 12.99% 19.74% 26.54%
Return on Equity Simple (ROE_SIMPLE)
-1.64% -17.17% -1.51% 11.52% 10.24% 7.30% 7.35% 13.02% 18.95% 25.36%
Net Operating Profit after Tax (NOPAT)
-535 -2,447 -76 560 347 772 596 711 944 1,364
NOPAT Margin
-4.31% -19.75% -0.58% 8.26% 4.89% 14.69% 11.98% 12.56% 14.22% 18.36%
Net Nonoperating Expense Percent (NNEP)
-24.81% -102.90% -0.03% -1.84% -3.51% 16.06% 9.46% 6.89% 5.42% 6.99%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 9.16% 12.19% 17.33%
Cost of Revenue to Revenue
81.40% 78.23% 78.87% 75.45% 73.46% 73.74% 72.33% 72.45% 71.88% 68.90%
SG&A Expenses to Revenue
6.16% 7.46% 5.52% 5.47% 5.64% 5.27% 5.05% 5.09% 5.02% 4.67%
R&D to Revenue
1.36% 1.05% 0.84% 0.60% 0.39% 0.32% 0.34% 0.57% 0.54% 0.44%
Operating Expenses to Revenue
13.54% 14.07% 17.43% 13.12% 18.39% 14.36% 12.63% 11.32% 10.00% 9.13%
Earnings before Interest and Taxes (EBIT)
656 913 966 805 548 552 729 837 1,195 1,571
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,936 2,045 1,517 1,381 1,084 890 999 1,102 1,467 1,848
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.02 1.55 2.63 1.45 2.91 3.48 3.90 4.56 5.57 9.87
Price to Tangible Book Value (P/TBV)
1.82 0.00 0.00 80.95 0.00 0.00 0.00 0.00 0.00 3,171.31
Price to Revenue (P/Rev)
0.99 0.63 0.98 1.18 1.86 2.33 2.71 2.86 3.34 5.98
Price to Earnings (P/E)
0.00 0.00 0.00 12.48 28.04 46.93 52.65 34.65 29.09 38.51
Dividend Yield
1.28% 2.02% 0.91% 1.45% 0.39% 11.42% 0.13% 0.26% 0.32% 0.24%
Earnings Yield
0.00% 0.00% 0.00% 8.01% 3.57% 2.13% 1.90% 2.89% 3.44% 2.60%
Enterprise Value to Invested Capital (EV/IC)
1.85 1.25 1.80 1.24 2.37 2.21 2.40 2.78 3.52 6.41
Enterprise Value to Revenue (EV/Rev)
1.76 1.06 1.35 1.79 2.48 3.00 3.43 3.46 3.82 6.35
Enterprise Value to EBITDA (EV/EBITDA)
11.30 6.41 11.55 8.79 16.25 17.72 17.06 17.79 17.28 25.54
Enterprise Value to EBIT (EV/EBIT)
33.34 14.36 18.14 15.07 32.13 28.57 23.38 23.43 21.21 30.05
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 21.69 50.69 20.42 28.62 27.57 26.86 34.61
Enterprise Value to Operating Cash Flow (EV/OCF)
13.83 138.03 0.00 55.92 38.20 1,752.14 37.96 26.75 28.13 36.37
Enterprise Value to Free Cash Flow (EV/FCFF)
2.93 0.00 25.86 22.04 6.58 14.84 26.94 25.86 31.97 39.41
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.62 1.57 1.39 1.13 1.29 1.42 1.21 1.16 0.92 0.73
Long-Term Debt to Equity
0.62 1.56 1.38 1.06 1.07 1.31 1.21 1.16 0.87 0.73
Financial Leverage
0.09 0.16 1.01 0.85 0.69 0.78 1.01 0.99 0.87 0.70
Leverage Ratio
2.55 2.93 3.85 3.56 3.56 3.55 3.06 2.88 2.71 2.44
Compound Leverage Factor
0.71 1.33 1.87 1.89 1.36 1.10 1.36 2.09 2.21 2.15
Debt to Total Capital
38.45% 61.13% 58.16% 53.13% 56.33% 58.66% 54.68% 53.61% 47.86% 42.13%
Short-Term Debt to Total Capital
0.18% 0.30% 0.32% 3.64% 9.81% 4.35% 0.06% 0.00% 2.66% 0.08%
Long-Term Debt to Total Capital
38.27% 60.82% 57.83% 49.48% 46.52% 54.31% 54.61% 53.61% 45.20% 42.05%
Preferred Equity to Total Capital
0.24% 0.42% 0.47% 0.46% 0.52% 0.64% 0.71% 0.71% 0.71% 0.70%
Noncontrolling Interests to Total Capital
9.08% 0.20% 0.12% 0.10% 0.13% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
52.23% 38.26% 41.26% 46.31% 43.02% 40.71% 44.61% 45.68% 51.43% 57.17%
Debt to EBITDA
4.56 3.95 4.51 4.58 5.48 5.70 4.24 3.78 2.53 1.79
Net Debt to EBITDA
3.86 2.54 3.09 2.93 4.02 3.89 3.52 3.06 2.11 1.49
Long-Term Debt to EBITDA
4.54 3.93 4.49 4.27 4.53 5.28 4.23 3.78 2.39 1.79
Debt to NOPAT
-16.49 -3.30 -90.56 11.31 17.10 6.57 7.11 5.85 3.93 2.43
Net Debt to NOPAT
-13.94 -2.13 -62.11 7.24 12.56 4.49 5.90 4.74 3.28 2.02
Long-Term Debt to NOPAT
-16.41 -3.29 -90.06 10.54 14.12 6.08 7.10 5.85 3.71 2.43
Altman Z-Score
1.16 1.20 1.55 1.04 1.24 1.81 2.18 2.62 3.51 6.24
Noncontrolling Interest Sharing Ratio
16.19% 11.52% 1.49% 1.29% 1.33% 1.52% 1.55% 1.55% 1.44% 1.28%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.53 2.14 2.26 1.87 1.42 2.21 2.18 2.12 1.86 2.17
Quick Ratio
0.52 1.21 1.25 1.07 0.61 1.18 0.91 0.90 0.73 0.82
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
7,463 -1,115 677 551 2,677 1,062 633 758 793 1,198
Operating Cash Flow to CapEx
148.13% 21.94% -6.54% 28.26% 71.92% 3.37% 225.63% 379.79% 411.42% 404.36%
Free Cash Flow to Firm to Interest Expense
15.78 -2.23 1.37 1.46 7.92 2.79 1.56 379.12 396.45 199.63
Operating Cash Flow to Interest Expense
3.34 0.19 -0.08 0.58 1.36 0.02 1.11 366.50 450.50 216.33
Operating Cash Flow Less CapEx to Interest Expense
1.09 -0.68 -1.28 -1.46 -0.53 -0.68 0.62 270.00 341.00 162.83
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.34 0.44 0.67 0.36 0.39 0.36 0.46 0.55 0.64 0.71
Accounts Receivable Turnover
7.13 8.84 9.18 4.72 5.84 8.16 12.80 11.83 10.81 10.61
Inventory Turnover
3.77 4.27 4.32 2.06 2.54 2.51 2.49 2.73 2.83 2.84
Fixed Asset Turnover
1.14 2.27 2.34 1.20 1.70 2.01 1.97 2.36 2.85 3.15
Accounts Payable Turnover
4.33 5.96 5.71 2.58 3.36 4.92 5.40 4.84 4.91 5.30
Days Sales Outstanding (DSO)
51.19 41.30 39.78 77.33 62.48 44.73 28.52 30.84 33.78 34.41
Days Inventory Outstanding (DIO)
96.92 85.40 84.51 177.43 143.47 145.65 146.67 133.93 129.01 128.52
Days Payable Outstanding (DPO)
84.21 61.25 63.98 141.60 108.68 74.12 67.55 75.35 74.33 68.81
Cash Conversion Cycle (CCC)
63.91 65.45 60.31 113.16 97.27 116.26 107.64 89.42 88.46 94.13
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
11,827 10,495 9,742 9,751 7,421 7,131 7,094 7,047 7,198 7,364
Invested Capital Turnover
0.78 1.11 1.28 0.70 0.83 0.72 0.70 0.80 0.93 1.02
Increase / (Decrease) in Invested Capital
-7,998 -1,332 -753 9.00 -2,330 -290 -37 -47 151 166
Enterprise Value (EV)
21,872 13,113 17,520 12,134 17,610 15,769 17,045 19,607 25,349 47,204
Market Capitalization
12,267 7,831 12,757 8,014 13,178 12,249 13,478 16,181 22,198 44,398
Book Value per Share
$9.15 $11.54 $10.09 $11.42 $10.48 $8.12 $8.08 $8.57 $9.67 $11.07
Tangible Book Value per Share
$5.15 ($2.45) ($1.39) $0.20 ($0.30) ($2.65) ($2.72) ($2.39) ($1.36) $0.03
Total Capital
22,958 13,225 11,768 11,915 10,545 8,652 7,740 7,763 7,743 7,869
Total Debt
8,827 8,084 6,844 6,330 5,940 5,075 4,232 4,162 3,706 3,315
Total Long-Term Debt
8,786 8,044 6,806 5,896 4,906 4,699 4,227 4,162 3,500 3,309
Net Debt
7,465 5,201 4,694 4,053 4,363 3,465 3,512 3,371 3,096 2,751
Capital Expenditures (CapEx)
1,068 433 596 768 641 267 199 193 219 321
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,421 1,320 1,442 1,218 1,175 778 769 870 1,128 1,255
Debt-free Net Working Capital (DFNWC)
2,783 3,183 3,592 3,495 2,752 2,388 1,489 1,661 1,738 1,819
Net Working Capital (NWC)
2,742 3,143 3,554 3,061 1,718 2,012 1,484 1,661 1,532 1,813
Net Nonoperating Expense (NNE)
-338 -1,569 -1.57 -82 -123 511 338 242 179 209
Net Nonoperating Obligations (NNO)
-2,304 5,354 4,818 4,166 2,816 3,554 3,586 3,446 3,161 2,810
Total Depreciation and Amortization (D&A)
1,280 1,132 551 576 536 338 270 265 272 277
Debt-free, Cash-free Net Working Capital to Revenue
11.45% 10.65% 11.13% 17.97% 16.55% 14.79% 15.47% 15.36% 16.99% 16.89%
Debt-free Net Working Capital to Revenue
22.42% 25.68% 27.72% 51.56% 38.77% 45.41% 29.95% 29.33% 26.17% 24.48%
Net Working Capital to Revenue
22.09% 25.36% 27.42% 45.16% 24.20% 38.26% 29.85% 29.33% 23.07% 24.40%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.71) ($1.77) ($0.21) $1.02 $0.80 $0.00 $0.00 $0.00 $1.85 $2.83
Adjusted Weighted Average Basic Shares Outstanding
571.80M 574.74M 629.84M 632.67M 581.87M 435M 430M 416M 412M 408M
Adjusted Diluted Earnings per Share
($0.71) ($1.77) ($0.21) $1.00 $0.79 $0.00 $0.00 $0.00 $1.83 $2.81
Adjusted Weighted Average Diluted Shares Outstanding
571.80M 574.74M 629.84M 632.67M 604.04M 439M 435M 421M 416M 410M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
571.80M 574.74M 629.84M 632.67M 568.71M 433.61M 418.90M 412.28M 410.30M 405.02M
Normalized Net Operating Profit after Tax (NOPAT)
607 776 955 677 697 566 667 755 962 1,381
Normalized NOPAT Margin
4.89% 6.26% 7.37% 9.99% 9.81% 10.75% 13.42% 13.32% 14.49% 18.59%
Pre Tax Income Margin
1.47% 3.34% 3.63% 6.31% 2.96% 3.25% 6.52% 10.70% 14.68% 18.61%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
1.39 1.83 1.95 2.14 1.62 1.45 1.80 418.50 597.50 261.83
NOPAT to Interest Expense
-1.13 -4.90 -0.15 1.48 1.03 2.03 1.47 355.62 471.95 227.30
EBIT Less CapEx to Interest Expense
-0.87 0.96 0.75 0.10 -0.28 0.75 1.31 322.00 488.00 208.33
NOPAT Less CapEx to Interest Expense
-3.39 -5.77 -1.35 -0.55 -0.87 1.33 0.98 259.12 362.45 173.80
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
-167.01% -51.71% -237.84% 18.54% 12.13% 4.21% 7.36% 9.38% 9.54% 9.44%
Augmented Payout Ratio
-167.01% -51.71% -237.84% 18.54% 256.81% 32.18% 174.03% 94.67% 42.22% 52.73%

Quarterly Metrics and Ratios for Howmet Aerospace

This table displays calculated financial ratios and metrics derived from Howmet Aerospace's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
11.69% 17.74% 21.07% 18.31% 15.70% 14.41% 13.79% 14.08% 10.68% 9.24%
EBITDA Growth
-16.91% 30.77% 17.63% 18.12% 61.06% 43.75% 20.75% 23.84% 29.67% 29.16%
EBIT Growth
-21.08% 45.39% 21.40% 23.14% 83.85% 57.56% 26.62% 28.52% 36.49% 33.75%
NOPAT Growth
-27.12% 13.70% 8.81% 16.93% 35.98% 72.70% 54.35% 40.03% 65.55% 25.09%
Net Income Growth
196.30% 44.16% 12.98% 31.29% 135.00% 112.61% 64.19% 37.82% 76.60% 33.05%
EPS Growth
216.67% 44.44% 12.90% 31.43% 136.84% 119.23% 68.57% 41.30% 80.00% 33.33%
Operating Cash Flow Growth
-2.99% 50.17% -58.18% 44.94% 193.85% 0.66% 669.57% 73.36% 27.75% 4.80%
Free Cash Flow Firm Growth
-6.41% 16.41% -6.38% -79.68% -100.77% -36.82% 82.75% 595.25% 9,997.09% 42.18%
Invested Capital Growth
-2.08% -0.66% 0.53% 2.43% 3.41% 2.14% 0.21% -0.74% 2.01% 2.31%
Revenue Q/Q Growth
2.87% 5.58% 5.95% 2.81% 0.61% 4.40% 5.37% 3.07% -2.39% 3.05%
EBITDA Q/Q Growth
-26.86% 20.35% 27.57% 5.19% -0.27% 7.42% 7.16% 7.88% 4.42% 6.99%
EBIT Q/Q Growth
-33.47% 27.33% 35.61% 7.19% -0.67% 9.12% 8.98% 8.81% 5.48% 6.93%
NOPAT Q/Q Growth
-9.40% -5.92% 16.20% 18.06% 5.36% 19.48% 3.85% 7.11% 24.57% -9.72%
Net Income Q/Q Growth
-45.58% 38.75% 33.33% 30.41% -2.59% 25.53% 2.97% 9.47% 24.81% -5.42%
EPS Q/Q Growth
-45.71% 36.84% 34.62% 31.43% -2.17% 26.67% 3.51% 10.17% 24.62% -6.17%
Operating Cash Flow Q/Q Growth
-58.86% 600.00% -94.95% 895.65% -16.59% 139.79% -61.35% 124.29% -38.54% 96.72%
Free Cash Flow Firm Q/Q Growth
23.91% -34.85% -27.49% -65.29% -104.69% 5,449.08% 109.73% 32.05% -33.19% -23.15%
Invested Capital Q/Q Growth
-0.98% -0.17% 3.24% 0.37% -0.03% -1.40% 1.28% -0.58% 2.75% -1.11%
Profitability Metrics
- - - - - - - - - -
Gross Margin
26.31% 26.64% 27.39% 27.43% 28.65% 28.94% 29.28% 31.54% 31.72% 31.84%
EBITDA Margin
15.77% 17.98% 21.65% 22.15% 21.95% 22.59% 22.97% 24.04% 25.72% 26.71%
Operating Margin
15.91% 14.54% 17.78% 17.29% 18.52% 18.83% 20.23% 21.17% 22.94% 23.53%
EBIT Margin
11.24% 13.55% 17.34% 18.08% 17.85% 18.66% 19.30% 20.37% 22.02% 22.85%
Profit (Net Income) Margin
5.58% 7.34% 9.23% 11.71% 11.34% 13.63% 13.32% 14.15% 18.09% 16.61%
Tax Burden Percent
76.92% 75.00% 67.27% 79.42% 77.69% 87.41% 80.20% 79.64% 93.79% 80.10%
Interest Burden Percent
64.60% 72.20% 79.14% 81.54% 81.76% 83.59% 86.08% 87.21% 87.62% 90.74%
Effective Tax Rate
23.08% 25.00% 32.73% 20.58% 22.31% 12.59% 19.80% 20.36% 6.21% 19.90%
Return on Invested Capital (ROIC)
9.32% 8.73% 9.79% 11.80% 12.87% 15.35% 15.29% 16.44% 21.21% 19.24%
ROIC Less NNEP Spread (ROIC-NNEP)
6.75% 7.20% 8.60% 10.87% 11.47% 13.86% 13.71% 14.87% 19.24% 17.81%
Return on Net Nonoperating Assets (RNNOA)
7.31% 7.12% 8.69% 10.93% 11.58% 11.99% 11.74% 12.00% 14.64% 12.38%
Return on Equity (ROE)
16.63% 15.86% 18.48% 22.73% 24.44% 27.34% 27.02% 28.44% 35.86% 31.62%
Cash Return on Invested Capital (CROIC)
11.73% 10.72% 9.44% 8.10% 8.11% 11.13% 14.16% 16.37% 15.54% 16.45%
Operating Return on Assets (OROA)
6.02% 7.50% 10.15% 11.05% 11.41% 11.98% 12.86% 13.82% 15.45% 16.21%
Return on Assets (ROA)
2.99% 4.06% 5.40% 7.16% 7.25% 8.75% 8.88% 9.60% 12.69% 11.78%
Return on Common Equity (ROCE)
16.36% 15.61% 18.20% 22.38% 24.07% 26.95% 26.64% 28.05% 35.38% 31.21%
Return on Equity Simple (ROE_SIMPLE)
13.29% 0.00% 12.92% 14.09% 16.53% 0.00% 21.05% 21.81% 23.92% 0.00%
Net Operating Profit after Tax (NOPAT)
175 165 192 226 238 285 296 317 395 356
NOPAT Margin
12.24% 10.91% 11.96% 13.74% 14.38% 16.46% 16.22% 16.86% 21.52% 18.85%
Net Nonoperating Expense Percent (NNEP)
2.57% 1.54% 1.20% 0.92% 1.40% 1.48% 1.58% 1.57% 1.97% 1.42%
Return On Investment Capital (ROIC_SIMPLE)
- 2.13% - - - 3.68% - - - 4.53%
Cost of Revenue to Revenue
73.69% 73.36% 72.61% 72.57% 71.35% 71.06% 70.72% 68.46% 68.28% 68.17%
SG&A Expenses to Revenue
5.09% 4.16% 4.68% 5.34% 5.25% 4.79% 4.82% 5.16% 4.63% 4.07%
R&D to Revenue
0.49% 0.59% 0.56% 0.55% 0.54% 0.52% 0.55% 0.37% 0.49% 0.37%
Operating Expenses to Revenue
10.40% 12.10% 9.61% 10.13% 10.13% 10.11% 9.05% 10.37% 8.77% 8.30%
Earnings before Interest and Taxes (EBIT)
161 205 278 298 296 323 352 383 404 432
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
226 272 347 365 364 391 419 452 472 505
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.96 4.56 4.69 5.48 4.98 5.57 6.98 7.50 9.20 9.87
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,171.31
Price to Revenue (P/Rev)
2.35 2.86 2.92 3.29 2.96 3.34 4.10 4.46 5.63 5.98
Price to Earnings (P/E)
29.39 34.65 35.98 38.56 29.88 29.09 32.79 34.01 38.06 38.51
Dividend Yield
0.26% 0.26% 0.28% 0.28% 0.35% 0.32% 0.26% 0.25% 0.23% 0.24%
Earnings Yield
3.40% 2.89% 2.78% 2.59% 3.35% 3.44% 3.05% 2.94% 2.63% 2.60%
Enterprise Value to Invested Capital (EV/IC)
2.34 2.78 2.87 3.27 3.07 3.52 4.30 4.78 5.89 6.41
Enterprise Value to Revenue (EV/Rev)
3.04 3.46 3.51 3.86 3.49 3.82 4.57 4.88 6.04 6.35
Enterprise Value to EBITDA (EV/EBITDA)
15.92 17.79 18.10 19.76 16.64 17.28 20.37 21.29 25.31 25.54
Enterprise Value to EBIT (EV/EBIT)
21.38 23.43 23.57 25.38 20.82 21.21 24.70 25.57 30.02 30.05
Enterprise Value to NOPAT (EV/NOPAT)
24.07 27.57 28.90 31.56 27.25 26.86 29.97 30.46 33.94 34.61
Enterprise Value to Operating Cash Flow (EV/OCF)
28.45 26.75 29.79 30.97 24.97 28.13 29.71 28.31 34.40 36.37
Enterprise Value to Free Cash Flow (EV/FCFF)
19.76 25.86 30.50 40.90 38.53 31.97 30.40 29.07 38.30 39.41
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.27 1.16 1.06 1.06 0.98 0.92 0.90 0.86 0.75 0.73
Long-Term Debt to Equity
1.27 1.16 1.06 1.06 0.98 0.87 0.85 0.67 0.75 0.73
Financial Leverage
1.08 0.99 1.01 1.01 1.01 0.87 0.86 0.81 0.76 0.70
Leverage Ratio
2.96 2.88 2.81 2.82 2.81 2.71 2.62 2.60 2.47 2.44
Compound Leverage Factor
1.91 2.08 2.23 2.30 2.30 2.26 2.26 2.26 2.17 2.21
Debt to Total Capital
56.03% 53.61% 51.46% 51.38% 49.49% 47.86% 47.47% 46.11% 42.98% 42.13%
Short-Term Debt to Total Capital
0.01% 0.00% 0.00% 0.00% 0.00% 2.66% 2.65% 9.85% 0.01% 0.08%
Long-Term Debt to Total Capital
56.02% 53.61% 51.46% 51.38% 49.49% 45.20% 44.82% 36.25% 42.97% 42.05%
Preferred Equity to Total Capital
0.74% 0.71% 0.71% 0.71% 0.72% 0.71% 0.71% 0.69% 0.70% 0.70%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
43.23% 45.68% 47.83% 47.91% 49.79% 51.43% 51.83% 53.20% 56.33% 57.17%
Debt to EBITDA
4.02 3.78 3.46 3.30 2.81 2.53 2.40 2.25 1.96 1.79
Net Debt to EBITDA
3.58 3.06 2.99 2.85 2.50 2.11 2.05 1.79 1.68 1.49
Long-Term Debt to EBITDA
4.02 3.78 3.46 3.30 2.81 2.39 2.27 1.77 1.96 1.79
Debt to NOPAT
6.08 5.85 5.52 5.27 4.61 3.93 3.53 3.22 2.62 2.43
Net Debt to NOPAT
5.42 4.74 4.78 4.56 4.09 3.28 3.02 2.56 2.26 2.02
Long-Term Debt to NOPAT
6.07 5.85 5.52 5.27 4.61 3.71 3.33 2.53 2.62 2.43
Altman Z-Score
2.06 2.41 2.65 2.98 2.94 3.23 3.89 4.18 5.41 5.88
Noncontrolling Interest Sharing Ratio
1.61% 1.55% 1.52% 1.53% 1.54% 1.44% 1.40% 1.37% 1.31% 1.28%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.06 2.12 2.18 2.22 2.14 1.86 1.97 1.53 2.24 2.17
Quick Ratio
0.76 0.90 0.86 0.86 0.79 0.73 0.79 0.64 0.82 0.82
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
325 212 154 53 -2.50 134 281 371 248 190
Operating Cash Flow to CapEx
154.76% 1,011.11% 35.94% 558.54% 323.73% 832.73% 215.85% 721.82% 297.56% 470.59%
Free Cash Flow to Firm to Interest Expense
5.71 0.00 2.65 0.97 0.00 0.00 5.73 7.57 41.31 0.00
Operating Cash Flow to Interest Expense
1.14 0.00 0.40 4.16 0.00 0.00 3.61 8.10 40.67 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.40 0.00 -0.71 3.42 0.00 0.00 1.94 6.98 27.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.54 0.55 0.59 0.61 0.64 0.64 0.67 0.68 0.70 0.71
Accounts Receivable Turnover
10.21 11.83 9.90 10.15 9.68 10.81 9.31 9.86 9.68 10.61
Inventory Turnover
2.59 2.73 2.75 2.76 2.77 2.83 2.84 2.80 2.77 2.84
Fixed Asset Turnover
2.28 2.36 2.52 2.66 2.80 2.85 2.97 3.07 3.12 3.15
Accounts Payable Turnover
5.39 4.84 5.22 5.34 5.45 4.91 5.32 5.39 5.59 5.30
Days Sales Outstanding (DSO)
35.76 30.84 36.86 35.96 37.71 33.78 39.21 37.02 37.71 34.41
Days Inventory Outstanding (DIO)
140.76 133.93 132.95 132.18 131.79 129.01 128.33 130.31 131.65 128.52
Days Payable Outstanding (DPO)
67.69 75.35 69.92 68.35 66.91 74.33 68.58 67.73 65.32 68.81
Cash Conversion Cycle (CCC)
108.84 89.42 99.89 99.79 102.58 88.46 98.96 99.60 104.03 94.13
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
7,059 7,047 7,275 7,302 7,300 7,198 7,290 7,248 7,447 7,364
Invested Capital Turnover
0.76 0.80 0.82 0.86 0.89 0.93 0.94 0.98 0.99 1.02
Increase / (Decrease) in Invested Capital
-150 -47 38 173 241 151 15 -54 147 166
Enterprise Value (EV)
16,529 19,607 20,886 23,906 22,426 25,349 31,348 34,622 43,891 47,204
Market Capitalization
12,756 16,181 17,380 20,397 19,001 22,198 28,134 31,660 40,917 44,398
Book Value per Share
$7.75 $8.57 $8.99 $9.00 $9.26 $9.67 $9.83 $10.34 $10.90 $11.07
Tangible Book Value per Share
($3.06) ($2.39) ($2.03) ($1.98) ($1.69) ($1.36) ($1.19) ($0.69) ($0.20) $0.03
Total Capital
7,444 7,763 7,749 7,764 7,666 7,743 7,778 7,936 7,897 7,869
Total Debt
4,171 4,162 3,988 3,989 3,794 3,706 3,692 3,659 3,394 3,315
Total Long-Term Debt
4,170 4,162 3,988 3,989 3,794 3,500 3,486 2,877 3,393 3,309
Net Debt
3,718 3,371 3,451 3,454 3,370 3,096 3,159 2,907 2,919 2,751
Capital Expenditures (CapEx)
42 45 64 41 59 55 82 55 82 102
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,013 870 1,117 1,183 1,233 1,128 1,315 1,275 1,400 1,255
Debt-free Net Working Capital (DFNWC)
1,466 1,661 1,654 1,718 1,657 1,738 1,848 2,027 1,875 1,819
Net Working Capital (NWC)
1,465 1,661 1,654 1,718 1,657 1,532 1,642 1,245 1,874 1,813
Net Nonoperating Expense (NNE)
95 54 44 33 50 49 53 51 63 42
Net Nonoperating Obligations (NNO)
3,786 3,446 3,514 3,527 3,428 3,161 3,204 2,971 2,944 2,810
Total Depreciation and Amortization (D&A)
65 67 69 67 68 68 67 69 68 73
Debt-free, Cash-free Net Working Capital to Revenue
18.64% 15.36% 18.80% 19.09% 19.20% 16.99% 19.17% 17.98% 19.26% 16.89%
Debt-free Net Working Capital to Revenue
26.97% 29.33% 27.84% 27.72% 25.80% 26.17% 26.93% 28.58% 25.79% 24.48%
Net Working Capital to Revenue
26.95% 29.33% 27.84% 27.72% 25.80% 23.07% 23.93% 17.55% 25.78% 24.40%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.19 $0.27 $0.36 $0.47 $0.45 $0.57 $0.59 $0.65 $0.81 $0.78
Adjusted Weighted Average Basic Shares Outstanding
415M 416M 412M 413M 412M 412M 410M 408M 408M 408M
Adjusted Diluted Earnings per Share
$0.19 $0.26 $0.35 $0.46 $0.45 $0.57 $0.59 $0.65 $0.81 $0.76
Adjusted Weighted Average Diluted Shares Outstanding
420M 421M 418M 417M 415M 416M 412M 411M 410M 410M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
413.71M 412.28M 413.29M 412.21M 411.74M 410.30M 408.18M 408.15M 406.26M 405.02M
Normalized Net Operating Profit after Tax (NOPAT)
178 198 192 229 242 298 296 334 394 356
Normalized NOPAT Margin
12.45% 13.09% 12.00% 13.88% 14.57% 17.22% 16.22% 17.79% 21.47% 18.85%
Pre Tax Income Margin
7.26% 9.78% 13.72% 14.75% 14.60% 15.60% 16.61% 17.77% 19.29% 20.73%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
2.82 0.00 4.79 5.42 0.00 0.00 7.18 7.82 67.33 0.00
NOPAT to Interest Expense
3.08 0.00 3.31 4.12 0.00 0.00 6.04 6.47 65.81 0.00
EBIT Less CapEx to Interest Expense
2.09 0.00 3.69 4.67 0.00 0.00 5.51 6.69 53.67 0.00
NOPAT Less CapEx to Interest Expense
2.34 0.00 2.20 3.37 0.00 0.00 4.37 5.35 52.14 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
8.05% 9.38% 10.70% 11.47% 10.78% 9.54% 8.95% 8.57% 9.01% 9.44%
Augmented Payout Ratio
132.18% 94.67% 62.14% 65.98% 44.38% 42.22% 52.56% 44.48% 47.08% 52.73%

Frequently Asked Questions About Howmet Aerospace's Financials

When does Howmet Aerospace's financial year end?

According to the most recent income statement we have on file, Howmet Aerospace's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Howmet Aerospace's net income changed over the last 9 years?

Howmet Aerospace's net income appears to be on an upward trend, with a most recent value of $1.16 billion in 2024, falling from -$197 million in 2015. The previous period was $765 million in 2023.

What is Howmet Aerospace's operating income?
Howmet Aerospace's total operating income in 2024 was $1.63 billion, based on the following breakdown:
  • Total Gross Profit: $2.31 billion
  • Total Operating Expenses: $678 million
How has Howmet Aerospace revenue changed over the last 9 years?

Over the last 9 years, Howmet Aerospace's total revenue changed from $12.41 billion in 2015 to $7.43 billion in 2024, a change of -40.1%.

How much debt does Howmet Aerospace have?

Howmet Aerospace's total liabilities were at $5.97 billion at the end of 2024, a 6.7% decrease from 2023, and a 73.3% decrease since 2015.

How much cash does Howmet Aerospace have?

In the past 9 years, Howmet Aerospace's cash and equivalents has ranged from $564 million in 2024 to $2.28 billion in 2018, and is currently $564 million as of their latest financial filing in 2024.

How has Howmet Aerospace's book value per share changed over the last 9 years?

Over the last 9 years, Howmet Aerospace's book value per share changed from 9.15 in 2015 to 11.07 in 2024, a change of 21.0%.



This page (NYSE:HWM) was last updated on 4/24/2025 by MarketBeat.com Staff
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