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Howmet Aerospace Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Howmet Aerospace holds $13.1B in total assets. Shareholders' equity is $5.5B against $5.7B in total debt. Cash and equivalents total $2.4B. The current ratio is 2.44 and debt-to-equity is 1.04. Based on the Q1 2026 filing.

Total Assets$13.1BTotal Stockholders Equity$5.5BLong Term Debt$4.7BCash And Equivalents$2.4BTotal Current Assets$5.7BTotal Current Liabilities$2.3B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$102.65B
P/E Ratio58.86
ROE33.82%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$948.0M$991.0M$1.0B$957.0M$845.0M$1.1B
Accrued interest$59.0M$32.0M$59.0M$32.0M$47.0M$39.0M
Accrued Manufacturing Costs$305.0M$235.0M$263.0M$314.0M$343.0M$263.0M
Accrued Progress Collections and Price Adjustments————$106.0M—
Contract liabilities$60.0M———$106.0M—
Deferred income$60.0M———$147.0M$129.0M
Compensation and benefits$305.0M$235.0M$263.0M$314.0M$343.0M$263.0M
Other accrued liabilities$111.0M$178.0M$181.0M$250.0M$121.0M$109.0M
Current portion of long-term debt$6.0M$7.0M$5.0M$1.0M$0.0$450.0M
Deferred revenue————$147.0M—
Income taxes payable$60.0M$105.0M$64.0M$71.0M$77.0M$81.0M
Lease Liability Payments - Remainder of Fiscal Year$46.0M———$52.0M—
Operating lease liabilities, current$37.0M$39.0M$41.0M$41.0M$42.0M$44.0M
Short-term borrowings————$0.0$450.0M
Supplier Finance Program Obligations$268.0M$264.0M$295.0M$263.0M$266.0M$307.0M
Total current liabilities$1.5B$1.5B$1.6B$1.6B$1.8B$2.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$689.0M$888.0M$888.0M$884.0M$779.0M$940.0M
Allowance for Doubtful Accounts$0.0$0.0$0.0$0.0$0.0$0.0
Cash and cash equivalents$565.0M$537.0M$546.0M$660.0M$743.0M$2.4B
Finished goods$458.0M$467.0M$478.0M$478.0M$462.0M$475.0M
Inventory Supplies Net Of Reserves$71.0M$70.0M$72.0M$80.0M$78.0M$84.0M
Raw materials$408.0M$417.0M$455.0M$453.0M$424.0M$492.0M
Work in process$903.0M$948.0M$959.0M$964.0M$885.0M$924.0M
Inventories$1.8B$1.9B$2.0B$2.0B$1.8B$2.0B
Prepaid expenses and other current assets$249.0M$215.0M$283.0M$289.0M$409.0M$307.0M
Restricted cash$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Total current assets$3.4B$3.6B$3.7B$3.8B$3.8B$5.7B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$725.0M———$725.0M—
Deferred Tax Assets and Other Non-Current Assets$11.0M$248.0M$263.0M$251.0M$7.0M$232.0M
Deferred Tax Assets - Tax Credit Carryforwards$381.0M———$372.0M—
Finite Lived Intangible Assets - Gross$972.0M———$958.0M—
Goodwill$4.0B$4.0B$4.1B$4.1B$4.0B$4.1B
Indefinite-Lived Intangible Assets$22.0M———$22.0M—
Indefinite-Lived Intangible Assets, Gross$22.0M———$22.0M—
Indefinite-Lived Research and Development Assets$73.0M———$63.0M—
Indefinite-Lived Trademarks$22.0M———$22.0M—
Intangible Assets Gross (Excluding Goodwill)$994.0M———$980.0M—
Net Investment in Lease$155.0M$158.0M$169.0M$163.0M$162.0M$162.0M
Net Operating Loss Carryforwards$1.9B———$2.0B—
Deferred tax assets$35.0M$32.0M$31.0M$31.0M$40.0M$35.0M
Intangible assets — net$453.0M———$435.0M—
Other intangible assets—net$475.0M$470.0M$467.0M$462.0M$457.0M$451.0M
Operating lease right-of-use assets$155.0M$158.0M$169.0M$163.0M$162.0M$162.0M
Other non-current assets$251.0M$248.0M$263.0M$251.0M$288.0M$232.0M
Operating Lease Right-of-Use Assets in Other Assets$155.0M$158.0M$169.0M$163.0M$162.0M$162.0M
Property and equipment, net$2.4B$2.4B$2.5B$2.6B$2.6B$2.6B
Software and Technology Licenses, Net$251.0M$248.0M$263.0M$251.0M$288.0M$232.0M
Tax Credit Carryforward Valuation Allowance$1.7B———$1.8B—
Total assets$10.5B$10.8B$11.0B$11.2B$11.2B$13.1B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$3.2B$3.1B$2.9B$2.7B$2.5B$2.2B
Accumulated other comprehensive income (loss)-$1.9B-$1.8B-$1.7B-$1.8B-$1.7B-$1.7B
Common Stock Par Value Per Share$1.00———$1.00—
Common Stock Shares Issued405.4M———401.6M—
Common Stock Shares Outstanding$13.0M———$15.0M—
Cumulative Gross Losses and Impairments$725.0M———$725.0M—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$405.0M$404.0M$404.0M$403.0M$402.0M$401.0M
Retained earnings$2.8B$3.1B$3.4B$3.7B$4.1B$4.6B
Share-Based Payment Award Options Outstanding - Number100K———100K—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$48.3———$61.0M—
Shares Reserved for Future Issuance Under Stock Plans24M———47M—
Total liabilities and stockholders' equity$10.5B$10.8B$11.0B$11.2B$11.2B$13.1B
Total stockholders' equity$4.6B$4.8B$5.0B$5.1B$5.4B$5.5B
Weighted Average Exercise Price of Outstanding Options$20.98———$23.27—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Liabilities, Non-Current————$106.0M—
Debt Maturity - 2027$625.0M———$300.0M—
Deferred Credits$428.0M$436.0M$486.0M$574.0M$612.0M$611.0M
Deferred tax liabilities$8.0M———$7.0M—
Deferred Tax Liabilities - Deferred Expense$293.0M———$245.0M—
Defined Benefit Pension Plan Liabilities (Non-Current)$625.0M$625.0M$613.0M$597.0M$546.0M$533.0M
Reserve for insurance claims$11.0M———$14.0M—
Long-term debt$3.3B$3.3B$3.3B$3.2B$3.1B$4.7B
Deferred revenue, net of current portion————$106.0M—
Postretirement benefit obligations other than pensions$54.0M$54.0M$52.0M$50.0M$38.0M$36.0M
Operating lease liabilities, non-current$119.0M$120.0M$129.0M$122.0M$121.0M$118.0M
Operating Lease Liabilities (Total)$156.0M$159.0M$170.0M$163.0M$163.0M$162.0M
Other Pension and Postretirement Benefit Liabilities$54.0M$54.0M$52.0M$50.0M$38.0M$36.0M
Total liabilities$6.0B$6.0B$6.0B$6.0B$5.8B$7.5B
Unrecognized Tax Benefits$1.0M———$4.0M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$9.0M———$10.0M—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Plan Discount Rate$0.1———$0.1—
Defined Benefit Plan Healthcare Cost Trend Rate5.5%———5.5%—
Accrual for Environmental Loss Contingencies$19.0M$16.0M$16.0M$17.0M$16.0M$16.0M
Accrued Environmental Loss Contingencies, Current$10.0M$7.0M$7.0M$7.0M$7.0M—
Allowance for doubtful accounts$0.0$0.0$0.0$0.0$0.0$0.0
Total amount committed under outstanding surety bonds$44.0M$45.0M$45.0M$44.0M$44.0M$43.0M
Common stock, capital shares reserved for future issuance$24.0M———$47.0M—
Common stock, par value (in dollars per share)$1.0———$1.0—
Common stock, shares authorized (in shares)$600.0M———$600.0M—
Common stock, shares issued (in shares)$405.4M———$401.6M—
Common Stock, Shares, Outstanding405M404M404M403M401.6M401M
Contract with Customer, Liability$60.0M———$253.0M—
Short-term debt and current portion of long-term debt————$191.0M$636.0M
Deferred Tax Liabilities, Gross$841.0M———$810.0M—
Derivatives and hedging activities$0.0———$9.0M—
Deferred Tax Assets, Gross$2.4B———$2.4B—
Deferred Tax Assets, Net of Valuation Allowance$727.0M———$670.0M—
Deferred Tax Assets, Operating Loss Carryforwards$1.9B———$2.0B—
Fixed assets$8.0M———$4.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$232.0M———$223.0M—
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Loss Reserves$11.0M———$14.0M—
Deferred Tax Assets, Valuation Allowance$1.7B———$1.8B—
R&D capitalization$0.0———$0.0—
Employee benefits$9.0M———$7.0M—
Loss provisions$2.0M———$1.0M—
Deferred Tax Liabilities, Other$8.0M———$7.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$529.0M———$550.0M—
Tax credit carryforwards$0.0———$0.0—
Tax loss carryforwards$0.0———$0.0—
Future pension and postretirement benefit obligations$625.0M$625.0M$613.0M$597.0M$546.0M$533.0M
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year$0.1———$0.1—
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate$0.0———$0.0—
Unrecognized compensation cost related to non-vested awards————$61.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$519.0M———$523.0M—
Gross Carrying Amount$972.0M———$958.0M—
Goodwill, Gross$4.7B———$4.8B—
Goodwill accumulated impairment losses$725.0M———$725.0M—
Goodwill, Reclassified To Held-For-Sale————$36.0M—
Guarantor obligations, current carrying value$6.0M$6.0M$6.0M$3.0M$4.0M$3.0M
Combined fair value of guarantees$6.0M$5.0M$5.0M$5.0M$5.0M—
Trademarks$22.0M———$22.0M—
Indefinite- lived intangible impairment$994.0M———$980.0M—
Inventory, LIFO Reserve————$333.0M$348.0M
LIFO Inventory Amount————$642.0M$668.0M
Amount outstanding under the credit facility$0.0$0.0$0.0$0.0$0.0$0.0
2028$323.0M———$0.0—
2029$625.0M———$300.0M—
2029$700.0M———$0.0—
2030$300.0M———$700.0M—
2027$5.0M———$191.0M—
Long-Lived Assets$2.5B———$2.8B—
Operating Loss Carryforwards$1.9B———$2.0B—
Other, net-$13.0M-$12.0M-$11.0M-$11.0M-$16.0M-$25.0M
Preferred Stock, Shares Outstanding—————0
2024$51.0M———$43.0M—
2025$42.0M———$40.0M—
2026$40.0M———$40.0M—
2023$237.0M———$154.0M—
Purchase obligation due thereafter————$0.0—
Percentage of fair value in excess of carrying amount60.0%———80.0%—
Restructuring Reserve$4.0M$3.0M$4.0M$3.0M$1.0M$1.0M
Amount of outstanding surety bonds relating to these liabilities$21.0M$21.0M$20.0M$19.0M$19.0M$19.0M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$100.0K———$100.0K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$21.0———$23.3—
Incentive stock program, shares reserved for future grants (in shares)$47.0M———$24.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$13.0M———$15.0M—
Share Repurchase Program, Authorized, Amount————$3.5B—
Unrecognized tax benefits$1.0M———$4.0M—
Penalties and interest accrued on unrecognized tax benefits$9.0M———$10.0M—
Unrecorded Unconditional Purchase Obligation$237.0M———$154.0M—
Unrecorded Unconditional Purchase Obligation - Due Year Two$51.0M———$43.0M—
Unrecorded Unconditional Purchase Obligation - Due Year Three$42.0M———$40.0M—
Unrecorded Unconditional Purchase Obligation - Due Year Four$40.0M———$40.0M—
Weighted-Average Discount Rate5.6%———5.3%—