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Howmet Aerospace Inc. (HWM) operating KPIs

HWMNYSERolling Drawing & Extruding of Nonferrous MetalsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 17/3035% above fair value
$199.22−6.72 (-3.26%)

Close on Oct 30, 2026Market cap $79.45BP/E 39.0Yield 0.22%

KPIs

Operating metrics that drive Howmet Aerospace's business · fiscal year ends December 31

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Q2 '26
2026-06-30
Q1 '26
2026-03-31
Q4 '25
2025-12-31
Q3 '25
2025-09-30
Q2 '25
2025-06-30
Q1 '25
2025-03-31
Q4 '24
2024-12-31
Q3 '24
2024-09-30
Q2 '24
2024-06-30
Q1 '24
2024-03-31
Q4 '23
2023-12-31
Q3 '23
2023-09-30
Total Segment Adjusted EBITDA($M)5
846764677637613580530511508460418402
Total Segment Adjusted EBITDA Margin (%)(%)
33.2%33.0%31.2%30.5%29.9%29.9%28.0%27.8%27.0%25.2%
Total Segment Adjusted Cost of Goods Sold (ASU 2023-07)($M)
1,6241,4751,4151,3751,3691,2951,2991,2621,3031,289
Total Segment Other Items — SG&A and R&D (ASU 2023-07)($M)
88848080767267687378
Unallocated Corporate Expense (GAAP)($M)
523228252522132521261224
Adjusted Corporate Expense (Ex. D&A and Special Items)($M)
29242423242023242523
Engine Products — Third-Party Sales($M)7
1,3731,2531,1431,0871,038974972945933885852798
Commercial Aerospace Revenue (Engine Products)($M)
770702629603574549537534528492474446
Defense Aerospace Revenue (Engine Products)($M)
250238236232217215200189192185168165
Industrial Gas Turbines Revenue (Engine Products)($M)
321284266241233204201191186177
Other / Oil & Gas Industrial Revenue (Engine Products)($M)
32293229322834312731
Inter-Segment Sales (Engine Products)($M)
321232131215
Engine Products — Segment Adjusted EBITDA($M)4
517458393362343318302307292249233219
Engine Products — Segment Adjusted EBITDA Margin (%)(%)
37.7%36.6%34.4%33.3%33.0%32.6%31.1%32.5%31.3%28.1%27.3%27.4%
Engine Products — D&A as % of Segment Revenue(%)
3.1%3.0%3.4%3.4%3.4%3.4%4.0%3.6%3.5%3.7%
Engine Products — Segment Adjusted Cost of Goods Sold (ASU 2023-07)($M)
831765737709682648651616618610
Engine Products — Other Segment Items: SG&A and R&D (ASU 2023-07)($M)
28323229272520252428
Engine Products — Third-Party Sales (Legacy Pre-2026 Segment Basis)($M)2
1,1631,1051,056996972945933885852798
Engine Products — Segment Adjusted EBITDA (Legacy Pre-2026 Basis)($M)
396368349325302307292249233219
Engine Products — Segment Adjusted EBITDA Margin (Legacy Pre-2026 Basis, %)(%)
34.0%33.3%33.0%32.6%31.1%32.5%31.3%28.1%27.3%27.4%
Fastening Systems — Third-Party Sales($M)5
589471454448431412401392394389360348
Commercial Aerospace Revenue (Fastening Systems)($M)
412322320310297275266245251244227209
Defense Aerospace Revenue (Fastening Systems)($M)
645146444442434337394241
Commercial Transportation Revenue (Fastening Systems)($M)
565146545653556568666367
Other / General Industrial Revenue (Fastening Systems)($M)
574742403442373938402831
Fastening Systems — Segment Adjusted EBITDA($M)4
177150139138126127111102101928076
Fastening Systems — Segment Adjusted EBITDA Margin (%)(%)
30.1%31.8%30.6%30.8%29.2%30.8%27.7%26.0%25.6%23.7%22.2%21.8%
Fastening Systems — D&A as % of Segment Revenue(%)
3.4%2.8%2.6%2.7%2.8%2.9%2.7%3.1%3.3%2.8%
Fastening Systems — Segment Adjusted Cost of Goods Sold (ASU 2023-07)($M)
373289286280276256263265265268
Fastening Systems — Other Segment Items: SG&A and R&D (ASU 2023-07)($M)
39323030292928252829
Engineered Structures — Third-Party Sales($M)6
269294307307308304275253275262244227
Commercial Aerospace Revenue (Engineered Structures)($M)
177191188196189192199183200192183165
Defense Aerospace Revenue (Engineered Structures)($M)
757785819176625761564145
Other / Industrial Revenue (Engineered Structures)($M)
172614121014141314142017
Inter-Segment Sales (Engineered Structures)($M)
884787333120
Engineered Structures — Segment Adjusted EBITDA($M)4
646666646867513840373330
Engineered Structures — Segment Adjusted EBITDA Margin (%)(%)
23.8%22.4%21.5%20.8%22.1%22.0%18.5%15.0%14.5%14.1%13.5%13.2%
Engineered Structures — D&A as % of Segment Revenue(%)
4.1%3.4%3.3%3.3%3.2%4.3%3.6%4.0%4.0%4.2%
Engineered Structures — Segment Adjusted Cost of Goods Sold (ASU 2023-07)($M)
204226217224222217219210228216
Engineered Structures — Other Segment Items: SG&A and R&D (ASU 2023-07)($M)
9108998881010
Engineered Structures — Third-Party Sales (Legacy Pre-2026 Segment Basis)($M)2
287289290282275253275262244227
Engineered Structures — Segment Adjusted EBITDA (Legacy Pre-2026 Basis)($M)
63586260513840373330
Engineered Structures — Segment Adjusted EBITDA Margin (Legacy Pre-2026 Basis, %)(%)
22.0%20.1%21.4%21.3%18.5%15.0%14.5%14.1%13.5%13.2%
Forged Wheels — Third-Party Sales($M)2
316295264247276252243245278288275285
Commercial Transportation Revenue (Forged Wheels)($M)
306281260251276252242254274283274286
Forged Wheels — Segment Adjusted EBITDA($M)4
889079737668666475827277
Forged Wheels — Segment Adjusted EBITDA Margin (%)(%)
27.8%30.5%29.9%29.6%27.5%27.0%27.2%26.1%27.0%28.5%26.2%27.0%
Forged Wheels — D&A as % of Segment Revenue(%)
3.2%3.7%4.2%4.5%3.6%4.0%4.9%4.1%3.6%3.5%
Forged Wheels — Segment Adjusted Cost of Goods Sold (ASU 2023-07)($M)
216195175162189174166171192195
Forged Wheels — Other Segment Items: SG&A and R&D (ASU 2023-07)($M)
12101012111011101111
Forged Wheels — Commercial Transportation Volume Growth (YoY %)(%)3
-8.0%-11.0%-10.0%-16.0%-11.0%-4.0%2.0%8.0%13.0%
Forged Wheels Revenue Share — North America (%)(%)
54.0%50.0%50.0%48.0%
Forged Wheels Revenue Share — Europe (%)(%)
33.0%37.0%34.0%34.0%
Forged Wheels Revenue Share — Other Regions (%)(%)
13.0%13.0%16.0%18.0%
Total Spares Share of Consolidated Revenue (%)2
Total Spares Revenue Growth (YoY %)(%)
37.0%36.0%31.0%
Commercial Aerospace Engine Spares Revenue Growth (YoY %)(%)
48.0%38.0%
Consolidated Adjusted EBITDA (Excluding Special Items)($M)2
817740653614589560507487483437398382
Consolidated Adjusted EBITDA Margin (Ex. Special Items, %)(%)
32.1%32.0%30.1%29.4%28.7%28.8%26.8%26.5%25.7%24.0%23.0%23.0%
Trailing-12-Month Adjusted EBITDA (Ex. Special Items)($M)
2,8242,5962,4162,2702,143
Adjusted Operating Income (Excluding Special Items)($M)1
733666580542520491434419414370330314
Adjusted Operating Income Margin (Ex. Special Items, %)(%)
28.8%28.8%26.8%25.9%25.3%25.3%23.0%22.8%22.0%20.3%19.1%18.9%
Net Income Excluding Special Items (Adjusted Net Income)($M)1
534494426385371351303290276238218192
Diluted EPS Excluding Special Items (Adjusted EPS, $/sh)($)
1.331.221.050.950.910.860.740.710.670.570.530.46
Free Cash Flow (Non-GAAP Schedule)($M)
47935953042334413437816234295403132
Net Debt (Non-GAAP Leverage Schedule)($M)4
3,9372,2502,3072,5292,712
Total Debt at Period End (Leverage Schedule)($M)
4,3474,2493,0503,1893,258
Cash, Cash Equivalents & Restricted Cash (Leverage Schedule)($M)
4101,999743660546
Net Debt to Trailing-12-Month Adjusted EBITDA (x)(×)
1.400.901.001.101.30
Total Debt to Trailing-12-Month Net Income (x)(×)
2.302.402.002.202.30
Common Share Repurchases — Total Cash Outlay ($M)($M)3
3003002002001751251901006015010025
Common Shares Repurchased and Retired (Shares)
1,197,0561,301,9141,027,6711,097,6861,229,3131,006,1021,731,1931,061,323734,7372,243,2591,904,213506,800
Average Share Repurchase Price Paid per Share ($/sh)($)
25123019518214212411094.2281.6666.8752.5249.32
Remaining Share Repurchase Board Authorization ($M)($M)
8971,1971,4971,6971,8972,0722,1972,387487547697797
Inventories by Stage of Production & LIFO Portion5
Inventories — Work-in-Process($M)
1,070924885964959948903923901873
Inventories — Purchased Raw Materials($M)
531492424453455417408433412386
Inventories — Finished Goods($M)
497475462478478467458475466458
Inventories — Operating Supplies($M)
85847880727071716966
Inventories — Portion Valued on LIFO Basis($M)
707668642627605566544505510464
Properties, Plants, and Equipment (Gross) by Asset Category4
PP&E (Gross) — Machinery and Equipment($M)
4,4964,3334,2754,3684,2964,1944,1184,1734,1054,080
PP&E (Gross) — Structures & Buildings($M)
1,1791,1391,1341,1491,0771,0441,0251,0311,0221,017
PP&E — Construction Work-in-Progress($M)
359336335303383335309263237218
PP&E (Gross) — Land and Land Rights($M)
113858586868484848384
Environmental Remediation Liability Reserve ($M)($M)1
16161617161619191717
Active Environmental Assessment & Cleanup Locations (Sites)
30303030303030303030
Aerospace & Defense Industry Benchmarks (U.S. Census M3 / Fed / BTS via FRED)2
Manufacturers' Unfilled Orders: Nondefense Aircraft and Parts ($M)($M)
717,587697,685690,961661,530651,104594,933572,752568,411568,520575,276570,426533,081
Manufacturers' Unfilled Orders: Defense Aircraft and Parts ($M)($M)
225,323213,180212,420209,932205,230198,688203,427199,254193,802194,111196,985199,142
Total Consolidated Revenue($M)2
2,5472,3132,1682,0892,0531,9421,8911,8351,8801,8241,7311,658
Revenue by Reportable Segment (from DB)4
Engine Products($M)
1,3731,2531,1631,1051,038974972945933885840803
Fastening Systems($M)
589471455448431412402392394389360348
Engineered Structures($M)
269294287289308304275253275262243227
Forged Wheels($M)
316295264247276252243245278288275285
Revenue by End Market (from DB)5
Aerospace — Commercial($M)
1,3591,2151,1371,1091,0601,0161,002962979928
Aerospace — Defense($M)
389366367357352333305289290280
Commercial Transportation($M)
372346310301332305298310346354
Gas Turbines($M)
321284152233204124
Industrial and Other($M)
1061027684265262
Operating Income($M)1
711753489542521494445421398369326307
Research & Development Expense($M)
891010987971099
Net Income($M)
534580372385407344314332266243236188
Operating Cash Flow($M)2
583453654531446253480244397177458191
Capital Expenditures($M)4
104941241081021191028255825559
Engine Products — Capital Expenditures($M)
-77-59-84-74-74-85-76-55-33-55-28-30
Fastening Systems — Capital Expenditures($M)
-11-17-20-13-9-10-9-5-5-7-8-9
Engineered Structures — Capital Expenditures($M)
-8-12-13-9-7-6-4-5-5-6-5-6
Forged Wheels — Capital Expenditures($M)
-4-3-4-9-8-15-10-14-9-12-11-9
Depreciation & Amortization($M)4
847473726969736869676868
Engine Products — Depreciation & Amortization($M)
423839383533393433333333
Fastening Systems — Depreciation & Amortization($M)
201312121212111213111112
Engineered Structures — Depreciation & Amortization($M)
11101091013101011111112
Forged Wheels — Depreciation & Amortization($M)
101111111010121010101010
Total Assets($M)4
13,25113,06711,17911,17711,04610,77210,51910,55810,67910,41010,42810,166
Engine Products — Segment Total Assets($M)
5,7775,6985,6265,5975,5125,2795,1455,1815,0384,9834,926
Fastening Systems — Segment Total Assets($M)
4,7562,9022,7612,7822,7872,7412,7112,7502,7382,7532,749
Engineered Structures — Segment Total Assets($M)
1,2771,3001,3301,3611,3741,4691,3551,3791,4051,4211,415
Forged Wheels — Segment Total Assets($M)
785723691733748728701737736715724
Cash & Cash Equivalents($M)
5632,435742659546537565475752534610425

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics
  • 2D Segment × End-Market Disaggregated Revenue Matrix & Segment Adjusted EBITDA: Quarterly and annual third-party sales by segment × major market served (Commercial Aerospace, Defense Aerospace, Industrial Gas Turbines, Commercial Transportation, and Other/Industrial) come from Form 10-K Note C, Form 10-Q Note D, and Q4 2025 / Q2 2026 Earnings Presentations. For Q4 2021, Q4 2022, and Q4 2023, disaggregated segment × market revenue is derived via Q4 = full year (10-K) − nine months (10-Q). In Q1 2026, Howmet transferred a titanium/disk forging facility (Savannah) from Engine Products to Engineered Structures prior to its March 2026 divestiture; both the recast series and the pre-2026 legacy series (through Q4 2025) are shown.
  • ASU 2023-07 Segment Expense Disaggregation: Segment Adjusted Cost of Goods Sold and Other Segment Items (SG&A and R&D) by segment are extracted from Form 10-K FY2025 Note C and Form 10-Q Note D (Q1 2025–Q2 2026), with Q4 2024 and Q4 2025 derived via Q4 = full year (10-K) − nine months (10-Q).
  • UK Subsidiary Statutory Accounts: Audited financial and operational series (FY2018–FY2025, in £ thousands and headcount) for Howmet Limited (Company No. 02659893 — Exeter & Rotherham investment castings and superalloys) and Howmet Fastening Systems Limited (Company No. 01736094 — Telford, Leicester & Redditch aerospace fasteners) are extracted directly from UK Companies House filings. Because U.S. GAAP Form 10-K does not include parent-only Schedule I financial statements and UK subsidiaries represent only UK operations (<7% of consolidated revenue), no consolidated − standalone subtraction is performed.
  • ESG, Workforce, Safety, 11-K & Supply Chain: Extracted from Howmet Aerospace 2019–2025 ESG Reports (GRI/SASB Data Appendix), DEF 14A Proxy Statements, Form 11-K Hourly & Salaried Retirement Savings Plan annual reports, and Form SD Conflict Minerals reports.
  • External Benchmarks: Direct U.S. federal prime contract obligations by agency (DoD, NASA, DHS, DOT, DOJ) are from USAspending.gov (2018–Aug 2026), and 15 monthly aerospace & commercial heavy-duty truck industry benchmarks are from St. Louis Fed FRED.

Not shown because recent periods are missing (20)

  • Acquisitions & Divestitures Bridge — CAM Acquisition Quarterly Revenue Contribution ($M): only 1 quarter reported (Q2 2026: $62M, acquired April 2026)
  • Acquisitions & Divestitures Bridge — Brunner Acquisition Quarterly Revenue Contribution ($M): only 1–2 quarters reported (acquired February 2026)
  • Acquisitions & Divestitures Bridge — Savannah Forging Facility Divestiture Revenue Impact ($M): divested March 2026 (<3 quarters post-divestiture)
  • Accounts Receivable Securitization Facility Drawn Balance ($M): static $250M program limit / draw across periods without operational variance
  • 2. Aerospace & Customer Concentration, Spares, Forged Wheels Volume & Cost Pass-Through › Total Spares Share of Consolidated Revenue (%) (quarterly — lacks 3 consecutive recent quarters)
  • 2. Aerospace & Customer Concentration, Spares, Forged Wheels Volume & Cost Pass-Through › Year-over-Year Material and Inflationary Cost Pass-Through ($M) (quarterly — lacks 3 consecutive recent quarters)
  • 2. Aerospace & Customer Concentration, Spares, Forged Wheels Volume & Cost Pass-Through › Year-over-Year Material and Inflationary Cost Pass-Through ($M) (annual — lacks FY2024..FY2025 continuity)
  • 5. UK Subsidiary — Howmet Limited (02659893, Engine Castings & Superalloys, £k) › Howmet Limited (UK) — Operating Profit (£k) › Research and Development Expense (£k) (annual — lacks FY2024..FY2025 continuity)
  • 5. UK Subsidiary — Howmet Limited (02659893, Engine Castings & Superalloys, £k) › Howmet Limited (UK) — Net Assets / Shareholders' Funds (£k) › Tangible Fixed Asset Additions / CapEx (£k) (annual — lacks FY2024..FY2025 continuity)
  • 6. UK Subsidiary — Howmet Fastening Systems Limited (01736094, Aerospace Fasteners, £k) › Howmet Fastening Systems Limited (UK) — Net Assets / Total Equity (£k) › Tangible Fixed Asset Additions / CapEx (£k) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 1 Direct GHG Emissions — Total (GRI 305-1, Million MT CO2e) › Scope 1 GHG Emissions — Engine Products Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 1 Direct GHG Emissions — Total (GRI 305-1, Million MT CO2e) › Scope 1 GHG Emissions — Engineered Structures Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 1 Direct GHG Emissions — Total (GRI 305-1, Million MT CO2e) › Scope 1 GHG Emissions — Forged Wheels Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 1 Direct GHG Emissions — Total (GRI 305-1, Million MT CO2e) › Scope 1 GHG Emissions — Fastening Systems Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 2 Indirect GHG Emissions — Location-Based (GRI 305-2, Million MT CO2e) › Scope 2 GHG Emissions — Engine Products Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 2 Indirect GHG Emissions — Location-Based (GRI 305-2, Million MT CO2e) › Scope 2 GHG Emissions — Engineered Structures Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 2 Indirect GHG Emissions — Location-Based (GRI 305-2, Million MT CO2e) › Scope 2 GHG Emissions — Forged Wheels Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 8. Energy, GHG Emissions (Total & by Segment), Water, Waste & Air Emissions › Combined Scope 1 + Scope 2 Location-Based GHG Emissions (Million MT CO2e) › Scope 2 Indirect GHG Emissions — Location-Based (GRI 305-2, Million MT CO2e) › Scope 2 GHG Emissions — Fastening Systems Segment (Million MT CO2e) (annual — lacks FY2024..FY2025 continuity)
  • 9. U.S. Federal Prime Contract Award Obligations (USAspending.gov) › Total U.S. Federal Prime Contract Obligations ($M) › Department of Homeland Security (USCG) Obligations ($M) (annual — lacks FY2024..FY2025 continuity)
  • 11. Financials & Segments Context (from Database) › Total Assets › Long-Lived Assets by Country (from DB) › China — Long-Lived Assets (annual — lacks FY2024..FY2025 continuity)

Data updated 2026-10-29.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

9. U.S. Federal Prime Contract Award Obligations (USAspending.gov)