# Howmet Aerospace Inc.: overview

HWM · NYSE · CIK 4281 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/hwm.md) · [Financials](/companies/hwm/financials.md) · [Filings](/companies/hwm/filings.md) · [Insiders](/companies/hwm/insiders.md)

Latest reported revenue: [$2.70bn](/filings/0000004281-26-000036.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000004281-26-000036).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,891 d](/filings/0000004281-26-000012.md) | [1,942](/filings/0000004281-26-000019.md) | [2,053](/filings/0000004281-26-000025.md) | [2,089](/filings/0000004281-26-000036.md) | [2,168 d](/filings/0000004281-26-000012.md) | [2,313](/filings/0000004281-26-000019.md) | [2,547](/filings/0000004281-26-000025.md) | [2,703](/filings/0000004281-26-000036.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [23.5% d](/filings/0000004281-26-000012.md) | [25.4%](/filings/0000004281-26-000019.md) | [25.4%](/filings/0000004281-26-000025.md) | [25.9%](/filings/0000004281-26-000036.md) | [22.6% d](/filings/0000004281-26-000012.md) | [32.6%](/filings/0000004281-26-000019.md) | [27.9%](/filings/0000004281-26-000025.md) | [28.7%](/filings/0000004281-26-000036.md) |
| Net margin | % | [16.6% d](/filings/0000004281-26-000012.md) | [17.7%](/filings/0000004281-26-000019.md) | [19.8%](/filings/0000004281-26-000025.md) | [18.4%](/filings/0000004281-26-000036.md) | [17.2% d](/filings/0000004281-26-000012.md) | [25.1%](/filings/0000004281-26-000019.md) | [21.0%](/filings/0000004281-26-000025.md) | [21.0%](/filings/0000004281-26-000036.md) |
| Diluted EPS | $ per share | not reported | [0.84](/filings/0000004281-26-000019.md) | [1.00](/filings/0000004281-26-000025.md) | [0.95](/filings/0000004281-26-000036.md) | not reported | [1.44](/filings/0000004281-26-000019.md) | [1.33](/filings/0000004281-26-000025.md) | [1.42](/filings/0000004281-26-000036.md) |
| Free cash flow | $m | [378 d](/filings/0000004281-26-000012.md) | [134](/filings/0000004281-26-000019.md) | [344 d](/filings/0000004281-26-000025.md) | [423 d](/filings/0000004281-26-000036.md) | [530 d](/filings/0000004281-26-000012.md) | [359](/filings/0000004281-26-000019.md) | [479 d](/filings/0000004281-26-000025.md) | [562 d](/filings/0000004281-26-000036.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4,972](/filings/0000004281-24-000007.md) | [5,663](/filings/0000004281-25-000011.md) | [6,640](/filings/0000004281-26-000012.md) | [7,430](/filings/0000004281-26-000012.md) | [8,252](/filings/0000004281-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [15.0%](/filings/0000004281-24-000007.md) | [16.2%](/filings/0000004281-25-000011.md) | [18.1%](/filings/0000004281-26-000012.md) | [22.0%](/filings/0000004281-26-000012.md) | [24.8%](/filings/0000004281-26-000012.md) |
| Net margin | % | [5.2%](/filings/0000004281-24-000007.md) | [8.3%](/filings/0000004281-25-000011.md) | [11.5%](/filings/0000004281-26-000012.md) | [15.5%](/filings/0000004281-26-000012.md) | [18.3%](/filings/0000004281-26-000012.md) |
| Diluted EPS | $ per share | [0.59](/filings/0000004281-24-000007.md) | [1.11](/filings/0000004281-25-000011.md) | [1.83](/filings/0000004281-26-000012.md) | [2.81](/filings/0000004281-26-000012.md) | [3.71](/filings/0000004281-26-000012.md) |
| Free cash flow | $m | [250](/filings/0000004281-24-000007.md) | [540](/filings/0000004281-25-000011.md) | [682](/filings/0000004281-26-000012.md) | [977](/filings/0000004281-26-000012.md) | [1,431](/filings/0000004281-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hwm/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $12.32bn | 45,819,158 |  | Reduced −2,144,218 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $7.03bn | 26,136,434 |  | Added +79,684 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $5.09bn | 18,933,928 |  | Added +612,866 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $4.99bn | 18,548,273 |  | Added +12,985 |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $4.99bn | 18,561,518 |  | Reduced −2,426,263 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $4.14bn | 15,412,294 |  | Reduced −363,843 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $2.77bn | 10,290,881 |  | Reduced −437,566 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $2.56bn | 9,509,195 |  | Reduced −2,071,706 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $2.12bn | 7,895,313 |  | New +7,895,313 |
| [Jupiter Topco LLC](/funds/2146052.md) | 2026-06-30 | $2.07bn | 7,680,827 |  | Not compared |

## Recent filings

[All 2,283 filings](/companies/hwm/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:40 ET | [10-Q](/filings/0000004281-26-000036.md) | Quarterly report, period 2026-09-30 | 0000004281-26-000036 |
| 2026-10-29 | 07:05 ET | [8-K](/filings/0001104659-26-119857.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-119857 |
| 2026-08-06 | 16:27 ET | [10-Q](/filings/0000004281-26-000025.md) | Quarterly report, period 2026-06-30 | 0000004281-26-000025 |
| 2026-08-06 | 07:00 ET | [8-K](/filings/0001104659-26-091610.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-091610 |
| 2026-05-28 | 16:12 ET | [8-K](/filings/0001104659-26-067497.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-067497 |
| 2026-05-26 | 16:30 ET | [8-K](/filings/0001104659-26-066305.md) | 5.07 Shareholder vote results | 0001104659-26-066305 |
| 2026-05-07 | 16:34 ET | [10-Q](/filings/0000004281-26-000019.md) | Quarterly report, period 2026-03-31 | 0000004281-26-000019 |
| 2026-05-07 | 07:00 ET | [8-K](/filings/0001104659-26-056645.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-056645 |
| 2026-04-06 | 16:24 ET | [8-K](/filings/0001104659-26-039959.md) | 7.01 Regulation FD disclosure | 0001104659-26-039959 |
| 2026-04-06 | 16:15 ET | [DEF 14A](/filings/0001104659-26-039940.md) | Proxy statement, period 2026-05-19 | 0001104659-26-039940 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000004281-26-000012.md), filed Feb 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/3cbd81a6-e310-4474-b68c-d704808c5d25)

## About the filer

- CIK: 4281
- Tickers: HWM
- Exchange: NYSE
- SIC code: 3350 Rolling Drawing & Extruding of  Nonferrous Metals
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 19:05 ET. No prices; not investment advice.