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Howmet Aerospace HWM Pension Expense

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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%
Free cash flow$479.0M+39.2%

Valuation

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Market cap$116.6B+58.9%
Enterprise value$121.15B+58.8%
P/E62.3×+9.8×
P/S12.8×+3.3×

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

Reported directly by Howmet Aerospace in its filing.

Tagged under the XBRL concept us-gaap:PensionContributions.

The source filing: Howmet Aerospace’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 5:23 PM EST
Fiscal year
FY2025
Accession
0000004281-26-000012
For the year ended December 31,202520242023
Decrease in accounts payable, trade(73)(49)(7)
Increase in accrued expenses96537
Decrease in taxes, including income taxes(6)(14)(7)
Pension contributions(70)(79)(36)
Increase in noncurrent assets(14)(3)(4)
Increase (decrease) in noncurrent liabilities68(28)(34)
Cash provided from operations1,8841,298901
Financing Activities

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Howmet Aerospace's pension expense?
Howmet Aerospace (HWM) reported pension expense of $40M in Q4 2025.
How has Howmet Aerospace's pension expense changed year-over-year?
Howmet Aerospace's pension expense decreased by 13.0% year-over-year, from $46M to $40M.
What is the long-term trend for Howmet Aerospace's pension expense?
Over 4 years (2021 to 2025), Howmet Aerospace's pension expense has grown at a -7.6% compound annual growth rate (CAGR), from $96M to $70M.
What does pension expense mean?
Non-cash pension and postretirement benefit expense that exceeds or falls short of cash contributions to the plans.

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