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Howmet Aerospace HWM Debt-to-equity

Debt-to-equity at other companies

Barnes Group logo
Barnes GroupB
0.9×-0.1×
General Electric logo
General ElectricGE
-1.0×
Raytheon Technologies logo
Raytheon TechnologiesRTX
0.6×-0.1×
ATI logo
ATIATI
0.0×
Berkshire Hathaway logo
Berkshire HathawayBRK.B
0.0×
Honeywell International logo
Honeywell InternationalHON
2.8×+0.8×

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$113.32B+75.9%
Enterprise value$116.18B+71.7%
P/E65×+13.7×
P/S13.1×+4.6×

Profitability

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

Returns & leverage

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Return on equity33.8%+5.5pp
Current ratio2.4×+0.1×

Where this comes from

Calculated from Howmet Aerospace’s reported figures.

Based on the most recent quarter.

The official record: Howmet Aerospace’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Howmet Aerospace's debt-to-equity?
Howmet Aerospace (HWM) reported debt-to-equity of 1× in Q1 2026.
How has Howmet Aerospace's debt-to-equity changed year-over-year?
Howmet Aerospace's debt-to-equity increased by 32.0% year-over-year, from 0.7× to 1×.
What is the long-term trend for Howmet Aerospace's debt-to-equity?
Over 4 years (2021 to 2025), Howmet Aerospace's debt-to-equity has grown at a -14.6% compound annual growth rate (CAGR), from 5× to 2.7×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.