Income StatementBalance SheetCash FlowSegments
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Howmet Aerospace Cash Flow Statement

Operating, investing, and financing cash movements

Howmet Aerospace generated $2.1B in operating cash flow over the trailing twelve months. After $428.0M in capital expenditures, free cash flow was $1.7B. Free cash flow increased 0.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.1BNet Cash From Investing (TTM)-$309.0MNet Cash From Financing (TTM)$124.0MCapital Expenditures (TTM)$428.0MDepreciation And Amortization Cf (TTM)$288.0MNet Change In Cash (TTM)$1.9B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$102.65B
P/E Ratio58.86
ROE33.82%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Other non-cash income (expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Change in accrued liabilities$47.0M-$91.0M——$98.0M-$100.0M
Change in inventories—$49.0M$32.0M$14.0M—$110.0M
Change in other assets—$1.0M$1.0M$4.0M$8.0M$5.0M
Change in receivables—$189.0M—$10.0M—$164.0M
Deferred income taxes$16.0M$18.0M—$63.0M—$15.0M
Depreciation and amortization$73.0M$69.0M$69.0M$72.0M$73.0M$74.0M
Other Non-Cash Income (Expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Other Non-cash Income (Expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Other Non-cash Income (Expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Change in other non-current liabilities-$8.0M-$18.0M$2.0M$29.0M$55.0M-$17.0M
Net cash from operating activities$480.0M$253.0M$446.0M$531.0M$654.0M$453.0M
Net income$314.0M$344.0M$407.0M$385.0M$372.0M$580.0M
Other non-cash income (expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Net periodic pension cost (G)$9.0M$10.0M$11.0M$10.0M$11.0M$11.0M
Gain (Loss) on Investments-$7.0M-$5.0M-$6.0M-$6.0M-$5.0M-$4.0M
Accounts payable—$58.0M$16.0M-$57.0M-$90.0M$220.0M
Income and other taxes-$9.0M$60.0M-$80.0M—-$3.0M$26.0M
Other long-term liabilities-$8.0M-$18.0M$2.0M$29.0M$55.0M-$17.0M
Increase (Decrease) in Prepaid Expense and Other Assets$23.0M-$24.0M—$17.0M—$12.0M
Stock-based compensation$9.0M$14.0M$25.0M$20.0M$14.0M$21.0M
Other Noncash Income (Expense)—-$3.0M—-$1.0M-$5.0M-$3.0M
Restructuring charges, net of cash paid (Note 15)$0.0-$4.0M$0.0$0.0$88.0M-$93.0M
Other Non-cash Income and Expense—-$3.0M—-$1.0M-$5.0M-$3.0M
Restructuring Costs and Asset Impairment Charges$0.0-$4.0M$0.0$0.0$88.0M-$93.0M
Other Non-Cash Adjustments—-$3.0M—-$1.0M-$5.0M-$3.0M
Other Non-Cash Income and Expense—-$3.0M—-$1.0M-$5.0M-$3.0M
Asset Impairment and Exit Costs, Net of Cash Paid$0.0-$4.0M$0.0$0.0$88.0M-$93.0M
Restructuring Charges, Net of Cash Paid$0.0-$4.0M$0.0$0.0$88.0M-$93.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from Sales of Business Affiliate and Productive Assets$0.0$5.0M$3.0M$1.0M$0.0$225.0M
Acquisitions, net of cash acquired$1.3M$0.0———$118.0M
Capital expenditures$102.0M$119.0M$102.0M$108.0M$124.0M$94.0M
Payment for (Proceeds from) Other Investing Activity$0.0$1.0M-$2.0M——$1.0M
Divestitures and asset sales$0.0$5.0M$3.0M$1.0M$0.0$225.0M
Net cash from investing activities-$107.0M-$115.0M-$97.0M-$104.0M-$122.0M$14.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$125.0M$0.0——$500.0M$1.2B
Repayments of debt$60.0M$1.0M$76.0M$63.0M$625.0M$0.0
Payments Of Debt Issuance Costs$1.3M$0.0——$5.0M$12.0M
Payments of Ordinary Dividends$33.0M$42.0M$41.0M$48.0M$50.0M$48.0M
Other, net-$1.0M$1.0M-$4.0M-$2.0M—$0.0
Proceeds from (repayments of) short-term borrowings, net—$0.0———$450.0M
Payment of Deferred Purchase Consideration-$1.0M$1.0M-$4.0M-$2.0M—$0.0
Noncontrolling interest transactions and other-$1.0M$1.0M-$4.0M-$2.0M—$0.0
Net cash from financing activities-$284.0M-$167.0M-$339.0M-$314.0M-$449.0M$1.2B
Noncontrolling Interests Activity and Other-$1.0M$1.0M-$4.0M-$2.0M—$0.0
Repurchases of common stock$190.0M$125.0M$175.0M$200.0M$200.0M$300.0M
Taxes paid for net share settlement$1.0M$0.0$44.0M$1.0M$1.0M$64.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$378.0M$134.0M$344.0M$423.0M$530.0M$359.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash—$1.0M-$1.0M$1.0M$0.0$0.0
Net increase (decrease) in cash—-$28.0M$9.0M$114.0M$83.0M$1.7B
Payments For Redemption Of Preferred Stock$0.0$13.8M$13.8M$13.8M$13.8M—