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Howmet Aerospace HWM Forged Wheels — CapEx

Other segment segments

Engine Products
$59M-30.6%
Fastening Systems
$17M+70.0%
Engineered Structures
$12M+100%

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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$115.74B+52.4%
Enterprise value$118.6B+50.4%
P/E66.4×+12.0×
P/S13.4×+3.6×

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:SegmentExpenditureAdditionToLongLivedAssets.

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 forged wheels — capex?
Howmet Aerospace (HWM) reported forged wheels — capex of $3M in Q1 2026.
How has Howmet Aerospace's forged wheels — capex changed year-over-year?
Howmet Aerospace's forged wheels — capex decreased by 80.0% year-over-year, from $15M to $3M.
What is the long-term trend for Howmet Aerospace's forged wheels — capex?
Over 4 years (2021 to 2025), Howmet Aerospace's forged wheels — capex has grown at a -5.4% compound annual growth rate (CAGR), from $45M to $36M.
What does forged wheels — capex mean?
This metric measures the cash spent by the Forged Wheels segment to acquire, upgrade, or maintain physical assets like machinery and production facilities. It is a critical indicator of the company's commitment to growth, modernization, and long-term operational capacity. High capital expenditure often signals investment in future efficiency or capacity expansion.