What is Howmet Aerospace's R&D?

Howmet Aerospace (HWM) reported R&D of $9M in Q1 2026.

How has Howmet Aerospace's R&D changed year-over-year?

Howmet Aerospace's R&D increased by 12.5% year-over-year, from $8M to $9M.

What is the long-term trend for Howmet Aerospace's R&D?

Over 4 years (2021 to 2025), Howmet Aerospace's R&D has grown at a 21.5% compound annual growth rate (CAGR), from $17M to $37M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Howmet Aerospace HWM R&D

R&D at other companies

General ElectricGE

$440M+22.6%

Raytheon TechnologiesRTX

$627M-1.6%

HexcelHXL

$17.8M+29.0%

Honeywell InternationalHON

$492M+18.3%

Curtiss-WrightCW

$24.18M+5.1%

CaterpillarCAT

$537M+11.9%

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$109.29B+56.2%

Enterprise value$112.15B+53.8%

P/E62.7×+7.0×

P/S12.7×+3.4×

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 / equity1×+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:ResearchAndDevelopmentExpense.

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 R&D?: Howmet Aerospace (HWM) reported R&D of $9M in Q1 2026.
How has Howmet Aerospace's R&D changed year-over-year?: Howmet Aerospace's R&D increased by 12.5% year-over-year, from $8M to $9M.
What is the long-term trend for Howmet Aerospace's R&D?: Over 4 years (2021 to 2025), Howmet Aerospace's R&D has grown at a 21.5% compound annual growth rate (CAGR), from $17M to $37M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.