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Howmet Aerospace HWM Free cash flow

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Other financials

Income statement

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Revenue$2.5B+24.1%
Gross profit$951.0M+38.2%
Operating income$711.0M+36.5%
Net income$534.0M+31.2%
EPS (diluted)$1.33+33.0%

Balance sheet

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Cash & equivalents$564.0M+3.3%
Total debt$5.1B+49.2%
Total equity$5.7B+13.7%
Total assets$13.3B+20.0%

Cash flow

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Operating cash flow$583.0M+30.7%
CapEx$104.0M+2.0%

Valuation

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Market cap$107.41B+51.7%
Enterprise value$111.96B+51.9%
P/E57.4×+6.7×
P/S11.8×+2.6×

Profitability

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Gross margin36%+3.3pp
Operating margin27.4%+3.0pp
Net margin20.5%+2.4pp
FCF margin19.6%+6.5pp

Returns & leverage

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Return on equity34.7%+4.8pp
Debt / equity0.9×+0.2×
Current ratio1.8×-0.5×

Where this comes from

Calculated from Howmet Aerospace’s reported figures.

The source filing: Howmet Aerospace’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:27 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000004281-26-000025

FAQ

What is Howmet Aerospace's free cash flow?
Howmet Aerospace (HWM) reported free cash flow of $479M in Q2 2026.
How has Howmet Aerospace's free cash flow changed year-over-year?
Howmet Aerospace's free cash flow increased by 39.2% year-over-year, from $344M to $479M.
What is the long-term trend for Howmet Aerospace's free cash flow?
Over 4 years (2021 to 2025), Howmet Aerospace's free cash flow has grown at a 54.7% compound annual growth rate (CAGR), from $250M to $1.43B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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