HWM FINANCIAL STATEMENTS

Howmet Aerospace Inc — balance sheet, income statement and cash flow trends

HWMHowmet Aerospace Inc

🇺🇸 USA · US · Industrials · Aerospace & Defense

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue8.6 B $+14.2%

Gross Profit2.8 B $+29.9%

Operating Income2.4 B $+32.8%

EBITDA2.5 B $+28.9%

Net Income1.7 B $+38.9%

Peer Comparison· Aerospace & Defense

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
HWM	14.2%	32.6%	29.6%	20.2%
SAF	12.9%	14.3%	18.0%	23.0%
AIR	3.7%	14.7%	13.6%	6.9%
AIR	3.7%	14.7%	11.7%	6.9%
RHM	-8.7%	45.9%	22.7%	7.6%
HO	7.6%	26.4%	14.3%	7.6%
Industry median	12.2%	24.2%	13.1%	6.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
HWM	14.2%	32.6%	29.6%	20.2%
GD	9.3%	15.2%	11.7%	8.1%
LMT	4.6%	9.8%	11.3%	6.4%
TDG	13.3%	59.0%	50.3%	21.3%
NOC	5.0%	20.5%	18.2%	10.8%
BA	32.7%	4.8%	7.9%	2.5%
Industry median	12.2%	24.2%	13.1%	6.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity5.5 B $42%
Current Liabilities2.3 B $18%
Long-term Liabilities5.2 B $40%

Key Figures

YoY change

Total Assets13.1 B $+21.3%

Total Liabilities7.5 B $+26.2%

Total Equity5.5 B $+15.2%

Cash & ST Investments2.4 B $+354.3%

Total Debt4.7 B $+34.5%

Net Debt2.3 B $-23.6%

Peer Comparison· Aerospace & Defense

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
HWM	2.44	84.9%	0.88	42.3%
SAF	0.90	35.9%	-0.26	24.0%
AIR	1.13	55.8%	-0.03	18.8%
AIR	1.13	55.8%	-0.04	18.8%
RHM	1.05	40.4%	0.38	27.2%
HO	0.84	76.9%	0.52	20.4%
Industry median	1.75	48.4%	0.88	44.2%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
HWM	2.44	84.9%	0.88	42.3%
GD	1.38	30.7%	0.69	44.2%
LMT	1.14	276.4%	2.22	12.6%
TDG	3.52	-340.4%	5.88	-37.0%
NOC	1.14	99.8%	1.95	34.2%
BA	1.18	788.5%	3.59	3.6%
Industry median	1.75	48.4%	0.88	44.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow2.1 B $+51.7%

Capital Expenditures649 M $+81.3%

Free Cash Flow1.4 B $+41.2%

Dividends Paid187 M $+43.8%

Peer Comparison· Aerospace & Defense

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
HWM	24.2%	16.6%	7.5%	119.5%
SAF	18.3%	14.4%	4.0%	79.7%
AIR	8.1%	2.7%	5.5%	117.8%
AIR	8.1%	2.7%	5.5%	117.8%
RHM	17.9%	8.8%	9.1%	236.8%
HO	15.0%	11.8%	3.3%	198.4%
Industry median	11.1%	5.8%	3.8%	110.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
HWM	24.2%	16.6%	7.5%	119.5%
GD	13.8%	11.5%	2.3%	171.0%
LMT	9.8%	7.5%	2.3%	153.7%
TDG	22.2%	19.5%	2.7%	104.1%
NOC	11.0%	7.8%	3.2%	102.0%
BA	2.7%	-1.1%	5.3%	110.3%
Industry median	11.1%	5.8%	3.8%	110.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on HWM

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.