What is Howmet Aerospace's net operating loss carryforwards?

Howmet Aerospace (HWM) reported net operating loss carryforwards of $1.95B in Q4 2025.

How has Howmet Aerospace's net operating loss carryforwards changed year-over-year?

Howmet Aerospace's net operating loss carryforwards increased by 0.5% year-over-year, from $1.94B to $1.95B.

What is the long-term trend for Howmet Aerospace's net operating loss carryforwards?

Over 5 years (2020 to 2025), Howmet Aerospace's net operating loss carryforwards has grown at a -9.8% compound annual growth rate (CAGR), from $3.27B to $1.95B.

What does net operating loss carryforwards mean?

The value of past losses that can be used to lower future tax bills.

Non-Current Assets

Net Operating Loss Carryforwards

Howmet Aerospace Net Operating Loss Carryforwards increased by 0.5% to $1.95B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.5%, from $1.94B to $1.95B. Over 5 years (FY 2020 to FY 2025), Net Operating Loss Carryforwards shows a downward trend with a -9.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalHigher is better

VolatilityModerate

First reportedQ4 2017

Last reportedQ4 2025Feb 12, 2026

How to read this metric

An increase suggests potential future tax savings, while a decrease indicates the company is utilizing these assets to offset taxable income.

Detailed definition

This represents the tax value of prior operating losses that can be applied to reduce future taxable income. It serves a...

Peer comparison

Common in capital-intensive industries or companies recovering from cyclical downturns.

Metric ID: net_operating_loss_carryforwards

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$3.23B	$2.96B	$2.91B	$1.94B	$1.95B
QoQ Change	—	-8.4%	-1.7%	-33.2%	+0.5%
YoY Change	—	-8.4%	-1.7%	-33.2%	+0.5%

Range$1.94B – $3.23B

CAGR-39.6%

Avg YoY Growth-10.7%

Median YoY Growth-5.0%

Net Operating Loss Carryforwards at Other Companies

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Frequently Asked Questions

What is Howmet Aerospace's net operating loss carryforwards?: Howmet Aerospace (HWM) reported net operating loss carryforwards of $1.95B in Q4 2025.
How has Howmet Aerospace's net operating loss carryforwards changed year-over-year?: Howmet Aerospace's net operating loss carryforwards increased by 0.5% year-over-year, from $1.94B to $1.95B.
What is the long-term trend for Howmet Aerospace's net operating loss carryforwards?: Over 5 years (2020 to 2025), Howmet Aerospace's net operating loss carryforwards has grown at a -9.8% compound annual growth rate (CAGR), from $3.27B to $1.95B.
What does net operating loss carryforwards mean?: The value of past losses that can be used to lower future tax bills.