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Howmet Aerospace HWM Shares Reserved for Future Issuance Under Stock Plans

Shares Reserved for Future Issuance Under Stock Plans at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
101M-12.9%
Caterpillar logo
CaterpillarCAT
39.3M-3.8%

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$111.09B+75.9%
Enterprise value$113.96B+71.7%
P/E63.7×+13.4×
P/S12.9×+4.5×

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:CommonStockCapitalSharesReservedForFutureIssuance.

The official record: Howmet Aerospace’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Howmet Aerospace's shares reserved for future issuance under stock plans?
Howmet Aerospace (HWM) reported shares reserved for future issuance under stock plans of 47M in Q4 2025.
How has Howmet Aerospace's shares reserved for future issuance under stock plans changed year-over-year?
Howmet Aerospace's shares reserved for future issuance under stock plans increased by 95.8% year-over-year, from 24M to 47M.
What is the long-term trend for Howmet Aerospace's shares reserved for future issuance under stock plans?
Over 5 years (2020 to 2025), Howmet Aerospace's shares reserved for future issuance under stock plans has grown at a 7.3% compound annual growth rate (CAGR), from 33M to 47M.
What does shares reserved for future issuance under stock plans mean?
The number of shares set aside for future employee stock awards.
How do you interpret shares reserved for future issuance under stock plans?
A high number indicates significant potential for future dilution, which may negatively impact earnings per share.
How does shares reserved for future issuance under stock plans compare across companies?
Common in companies that rely heavily on equity-based compensation to attract and retain talent.