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Howmet Aerospace HWM Forged Wheels — Segment Adjusted cost of goods sold

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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 hwm:SegmentAdjustedCostOfGoodsSold.

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 — segment adjusted cost of goods sold?
Howmet Aerospace (HWM) reported forged wheels — segment adjusted cost of goods sold of $195M in Q1 2026.
How has Howmet Aerospace's forged wheels — segment adjusted cost of goods sold changed year-over-year?
Howmet Aerospace's forged wheels — segment adjusted cost of goods sold increased by 12.1% year-over-year, from $174M to $195M.
What is the long-term trend for Howmet Aerospace's forged wheels — segment adjusted cost of goods sold?
Over 3 years (2022 to 2025), Howmet Aerospace's forged wheels — segment adjusted cost of goods sold has grown at a -2.1% compound annual growth rate (CAGR), from $745M to $700M.
What does forged wheels — segment adjusted cost of goods sold mean?
This metric captures the direct costs associated with producing the forged wheels sold by the segment, excluding non-recurring or non-operational items. It includes raw materials, direct labor, and manufacturing overhead necessary to bring products to market. Monitoring this helps evaluate the segment's production efficiency and the impact of input cost fluctuations.