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Howmet Aerospace HWM Deferred Tax Assets - Tax Credit Carryforwards

Deferred Tax Assets - Tax Credit Carryforwards at other companies

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$963M+20.4%
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Honeywell InternationalHON
Curtiss-Wright logo
Curtiss-WrightCW

Other financials

Income statement

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Revenue$2.3B+19.1%
Gross profit$854.0M+31.0%
Operating income$753.0M+52.4%
Net income$580.0M+68.6%
EPS (diluted)$1.44+71.4%

Balance sheet

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Cash & equivalents$2.4B+354%
Total debt$5.3B+52.1%
Total equity$5.5B+15.2%
Total assets$13.1B+21.3%

Cash flow

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Operating cash flow$453.0M+79.1%
CapEx$94.0M-21.0%
Free cash flow$359.0M+168%

Valuation

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Market cap$109.29B+56.2%
Enterprise value$112.15B+53.8%
P/E62.7×+7.0×
P/S12.7×+3.4×

Profitability

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Gross margin35%+2.9pp
Operating margin26.7%+3.4pp
Net margin20.2%+3.6pp
FCF margin19.2%+5.7pp

Returns & leverage

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Return on equity33.8%+5.5pp
Debt / equity+0.2×
Current ratio2.4×+0.1×

Where this comes from

Reported directly by Howmet Aerospace in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsOther.

The official record: Howmet Aerospace’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Howmet Aerospace's deferred tax assets - tax credit carryforwards?
Howmet Aerospace (HWM) reported deferred tax assets - tax credit carryforwards of $372M in Q4 2025.
How has Howmet Aerospace's deferred tax assets - tax credit carryforwards changed year-over-year?
Howmet Aerospace's deferred tax assets - tax credit carryforwards decreased by 2.4% year-over-year, from $381M to $372M.
What is the long-term trend for Howmet Aerospace's deferred tax assets - tax credit carryforwards?
Over 5 years (2020 to 2025), Howmet Aerospace's deferred tax assets - tax credit carryforwards has grown at a -4.2% compound annual growth rate (CAGR), from $460M to $372M.
What does deferred tax assets - tax credit carryforwards mean?
These are deferred tax assets arising from tax credits that were not utilized in the current period but can be carried forward to offset future tax liabilities. Unlike net operating losses, these represent direct reductions to tax payable rather than deductions from taxable income. They reflect the company's ability to leverage government incentives for R&D or investment.