What is Howmet Aerospace's tax credit carryforwards?

Howmet Aerospace (HWM) reported tax credit carryforwards of $0 in Q4 2025.

What does tax credit carryforwards mean?

This represents tax credits earned in previous periods that have not yet been utilized to offset tax liabilities. These credits are specific incentives provided by tax authorities for activities like R&D or capital investment. They remain available for use in future periods subject to statutory expiration dates.

Howmet Aerospace HWM Tax credit carryforwards

Tax credit carryforwards at other companies

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$2.55M—

Kulicke & Soffa IndustriesKLIC

$6.38M+15.2%

Ondas, Inc. ONDS

$1.17M+55.3%

Aquestive Therapeutics, Inc.AQST

$6.91M-4.9%

PPG IndustriesPPG

$128M+14.3%

L3Harris TechnologiesLHX

$189M+14.5%

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 / equity1×+0.2×

Current ratio2.4×+0.1×

Where this comes from

Reported directly by Howmet Aerospace in its filing.

Tagged under the XBRL concept hwm:DeferredTaxLiabilitiesTaxCreditCarryforwards.

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 tax credit carryforwards?: Howmet Aerospace (HWM) reported tax credit carryforwards of $0 in Q4 2025.
What does tax credit carryforwards mean?: This represents tax credits earned in previous periods that have not yet been utilized to offset tax liabilities. These credits are specific incentives provided by tax authorities for activities like R&D or capital investment. They remain available for use in future periods subject to statutory expiration dates.