What is Howmet Aerospace's contract liabilities?

Howmet Aerospace (HWM) reported contract liabilities of $106M in Q4 2025.

What is the long-term trend for Howmet Aerospace's contract liabilities?

Over 3 years (2022 to 2025), Howmet Aerospace's contract liabilities has grown at a 49.1% compound annual growth rate (CAGR), from $32M to $106M.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Howmet Aerospace HWM Contract Liabilities

Contract Liabilities at other companies

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$1.07B+2.9%

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$6.73M—

Honeywell InternationalHON

$4.36B+0.7%

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$4.68B+70.4%

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$110.94B+52.9%

Enterprise value$113.8B+50.8%

P/E63.6×+11.7×

P/S12.9×+3.5×

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 us-gaap:ContractWithCustomerLiabilityNoncurrent.

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 contract liabilities?: Howmet Aerospace (HWM) reported contract liabilities of $106M in Q4 2025.
What is the long-term trend for Howmet Aerospace's contract liabilities?: Over 3 years (2022 to 2025), Howmet Aerospace's contract liabilities has grown at a 49.1% compound annual growth rate (CAGR), from $32M to $106M.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.