Engineered aerospace components producer with strong exposure to aircraft builds, defense demand, and high-performance industrial alloys.
Profile & Fundamentals
Howmet Aerospace: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Howmet Aerospace Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
Howmet Aerospace Inc
Common Stock · Industrials · Aerospace & Defense
Company
- Company / asset
- Howmet Aerospace Inc
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Aerospace & Defense
- HQ
- 🇺🇸 United States
- Head office
- 201 Isabella Street, Pittsburgh, PA, United States, 15212-5872
Leadership & scale
- Chief executive
- Mr. John C. Plant FCA
- CEO year born
- 1954
- Full-time employees
- 25.4K
- Fiscal year end
- December
- IPO date
- 1962-01-02
Fundamentals snapshot
- Market Cap
- USD 93.1B
- P/E
- 49.8x
- Revenue (Q2 26)
- USD 2.5B
- Profit (Q2 26)
- USD 534.0M
- Dividend Yield
- 0.2%
- Revenue (FY 25)
- USD 8.3B
- Shares in public float
- 395.2M
- Insider ownership
- 0.87%
Reporting & identifiers
- Symbol
- HWM.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US4432011082
- Asset ID
- equity_1ad229e8-98fd-538e-a91c-a7476979cda2
Ownership
Shares Outstanding
Latest: 402.0M | Max: 503.0M | Min: 402.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.31%
395.2M latest reported shares
Insider Ownership
0.87%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 481,339,100 |
| 2018-01-01 | 503,018,900 |
| 2019-01-01 | 441,941,600 |
| 2020-01-01 | 433,598,900 |
| 2021-01-01 | 431,460,900 |
| 2022-01-01 | 419,082,100 |
| 2023-01-01 | 413,941,400 |
| 2024-01-01 | 408,000,000 |
| 2025-01-01 | 404,000,000 |
| 2026-01-01 | 402,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 47,963,376 | 12.03% | 2026-03-31 |
| Vanguard Capital Management, LLC | 26,056,750 | 6.53% | 2026-03-31 |
| JPMorgan Chase & Co | 20,987,781 | 5.26% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 18,535,288 | 4.65% | 2026-03-31 |
| State Street Corp | 18,321,062 | 4.59% | 2026-03-31 |
| FMR Inc | 15,776,137 | 3.96% | 2026-03-31 |
| T. Rowe Price Associates, Inc. | 15,428,989 | 3.87% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 12,713,935 | 3.19% | 2026-08-31 |
| Geode Capital Management, LLC | 11,580,901 | 2.9% | 2026-03-31 |
| Bank of America Corp | 10,728,447 | 2.69% | 2026-03-31 |
| Vanguard 500 Index Investor | 10,630,564 | 2.67% | 2026-08-31 |
| Vanguard MStar Mid Cap Index Instl | 8,654,522 | 2.17% | 2026-08-31 |
| NORGES BANK | 7,895,313 | 1.98% | 2026-06-30 |
| HHG PLC | 7,755,645 | 1.94% | 2026-03-31 |
| Massachusetts Financial Services Company | 7,624,700 | 1.91% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's latest financial results demonstrate remarkable top-line momentum and operational leverage. Revenue expanded twenty-four percent year-over-year in the second quarter of 2026 to 2.55 billion dollars, driven by commercial aerospace build-rate recoveries, strong aftermarket engine spares, and surging demand for power-generation gas turbines. Full-year guidance points to approximately ten billion dollars in revenue and over three billion dollars in adjusted EBITDA. However, headlines conceal important nuances. First-quarter net income was elevated by ninety-three million dollars from a facility divestiture, meaning recent sequential comparisons slightly overstate recurring earnings growth. Underlying cash generation remains healthy, with free cash flow converting at high rates, but future earnings expansion will depend increasingly on factory throughput rather than further margin expansion.
The company's latest financial results demonstrate remarkable top-line momentum and operational leverage. Revenue expanded twenty-four percent year-over-year in the second quarter of 2026 to 2.55 billion dollars, driven by commercial aerospace build-rate recoveries, strong aftermarket engine spares, and surging demand for power-generation gas turbines. Full-year guidance points to approximately ten billion dollars in revenue and over three billion dollars in adjusted EBITDA. However, headlines conceal important nuances. First-quarter net income was elevated by ninety-three million dollars from a facility divestiture, meaning recent sequential comparisons slightly overstate recurring earnings growth. Underlying cash generation remains healthy, with free cash flow converting at high rates, but future earnings expansion will depend increasingly on factory throughput rather than further margin expansion.
Revenue, Net Income, and Free Cash Flow
Latest: USD 8.3B | Max: USD 14.0B | Min: USD -941.0M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 55x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability has undergone an extraordinary structural improvement over the past five years. Operating margins climbed from sixteen percent in 2020 to nearly twenty-eight percent in recent quarters, while Engine Products EBITDA margins reached an impressive 37.7%. This expansion reflects a rich mix of high-margin replacement engine parts, plant automation, and contractual price escalation clauses that pass through rising alloy expenses. However, current profitability appears to be approaching a cyclical ceiling. Aerospace foundries historically operate at lower through-cycle margins. As major customers develop internal casting alternatives and supply chains normalize, price resistance will intensify. Margins should stabilize at high levels rather than continuing their steep upward trajectory over the coming five years.
Profitability has undergone an extraordinary structural improvement over the past five years. Operating margins climbed from sixteen percent in 2020 to nearly twenty-eight percent in recent quarters, while Engine Products EBITDA margins reached an impressive 37.7%. This expansion reflects a rich mix of high-margin replacement engine parts, plant automation, and contractual price escalation clauses that pass through rising alloy expenses. However, current profitability appears to be approaching a cyclical ceiling. Aerospace foundries historically operate at lower through-cycle margins. As major customers develop internal casting alternatives and supply chains normalize, price resistance will intensify. Margins should stabilize at high levels rather than continuing their steep upward trajectory over the coming five years.
Profitability Margins
Latest: 30.7% | Max: 30.7% | Min: -7.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
30.7%
Gross profit / revenue
Operating Margin
25.8%
Operating income / revenue
Net Margin
18.3%
Net income / revenue
FCF Margin
17.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 12,393,000,000 | -941,000,000 | -252,000,000 |
| 2017-12-31 | 12,962,000,000 | -74,000,000 | 105,000,000 |
| 2018-12-31 | 14,022,000,000 | 642,000,000 | -551,000,000 |
| 2019-12-31 | 7,098,000,000 | 470,000,000 | -180,000,000 |
| 2020-12-31 | 5,259,000,000 | 211,000,000 | -258,000,000 |
| 2021-12-31 | 4,972,000,000 | 258,000,000 | 250,000,000 |
| 2022-12-31 | 5,663,000,000 | 469,000,000 | 540,000,000 |
| 2023-12-31 | 6,640,000,000 | 765,000,000 | 682,000,000 |
| 2024-12-31 | 7,430,000,000 | 1,155,000,000 | 977,000,000 |
| 2025-12-31 | 8,252,000,000 | 1,508,000,000 | 1,431,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 54.93 | Trailing four quarters |
| 2024-12-31 | 38.63 | Trailing four quarters |
| 2023-12-31 | 29.28 | Trailing four quarters |
| 2022-12-31 | 35.22 | Annual net income |
| 2021-12-31 | 53.23 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 16.9 | 9.8 | -7.59 | -2.03 |
| 2017-12-31 | 16.9 | 10.55 | -0.57 | 0.81 |
| 2018-12-31 | 14.64 | 9.6 | 4.58 | -3.93 |
| 2019-12-31 | 22.75 | 16.72 | 6.62 | -2.54 |
| 2020-12-31 | 21.73 | 16.14 | 4.01 | -4.91 |
| 2021-12-31 | 22.81 | 17.42 | 5.19 | 5.03 |
| 2022-12-31 | 23.91 | 18.26 | 8.28 | 9.54 |
| 2023-12-31 | 24.31 | 18.75 | 11.52 | 10.27 |
| 2024-12-31 | 27.62 | 22.5 | 15.55 | 13.15 |
| 2025-12-31 | 30.74 | 25.81 | 18.27 | 17.34 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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