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Howmet Aerospace HWM Indefinite-Lived Research and Development Assets

Indefinite-Lived Research and Development Assets at other companies

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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:DeferredTaxAssetsInProcessResearchAndDevelopment.

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 indefinite-lived research and development assets?
Howmet Aerospace (HWM) reported indefinite-lived research and development assets of $63M in Q4 2025.
How has Howmet Aerospace's indefinite-lived research and development assets changed year-over-year?
Howmet Aerospace's indefinite-lived research and development assets decreased by 13.7% year-over-year, from $73M to $63M.
What is the long-term trend for Howmet Aerospace's indefinite-lived research and development assets?
Over 5 years (2020 to 2025), Howmet Aerospace's indefinite-lived research and development assets has grown at a 14.5% compound annual growth rate (CAGR), from $32M to $63M.
What does indefinite-lived research and development assets mean?
These are acquired in-process research and development (IPR&D) projects that are not yet ready for commercial use and are therefore not amortized. They are tested annually for impairment until the project is completed or abandoned. They represent the company's investment in future technological capabilities.