Howmet Aerospace Inc.

HWM 10-Q · Q3 2025

HWM Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 2,089 1,835 +13.8%
Show Product Lines breakouts
Aerospace - Commercial 1,109 962 +15.3%
Aerospace - Commercial · Engine Products 603 534 +12.9%
Aerospace - Commercial · Engineered Structures 196 183 +7.1%
Aerospace - Commercial · Fastening Systems 310 245 +26.5%
Aerospace - Defense 357 289 +23.5%
Aerospace - Defense · Engine Products 232 189 +22.8%
Aerospace - Defense · Engineered Structures 81 57 +42.1%
Aerospace - Defense · Fastening Systems 44 43 +2.3%
Commercial Transportation 301 310 -2.9%
Commercial Transportation · Fastening Systems 54 65 -16.9%
Commercial Transportation · Forged Wheels 247 245 +0.8%
General Industrial 81 83 -2.4%
General Industrial · Engine Products 29 31 -6.5%
General Industrial · Engineered Structures 12 13 -7.7%
General Industrial · Fastening Systems 40 39 +2.6%
Industrial Gas Turbine 152 124 +22.6%
Industrial Gas Turbine · Engine Products 152 124 +22.6%
Oil And Gas 89 67 +32.8%
Oil And Gas · Engine Products 89 67 +32.8%
Show Business Segments breakouts
Engine Products 1,105 945 +16.9%
Engine Products · Intersegment Elimination 1 3 -66.7%
Engine Products · Operating Segments 1,106 948 +16.7%
Engineered Structures 289 253 +14.2%
Engineered Structures · Intersegment Elimination 2 3 -33.3%
Engineered Structures · Operating Segments 291 256 +13.7%
Fastening Systems 448 392 +14.3%
Fastening Systems · Operating Segments 448 392 +14.3%
Forged Wheels 247 245 +0.8%
Forged Wheels · Operating Segments 247 245 +0.8%
Show Consolidation Items breakouts
Intersegment Elimination 3 6 -50.0%
Operating Segments 2,092 1,841 +13.6%
Research & Development 10 9 +11.1%
Selling, General & Administrative 100 85 +17.6%
Operating Expenses (Q)
Show Consolidation Items breakouts
Corporate Non Segment -25 -25 0.0%
Operating Income 542 421 +28.7%
Non-Operating Income (Expense) 10 17 -41.2%
Income Before Taxes 495 354 +39.8%
Income Tax Expense (Benefit) 110 22 +400.0%
Net Income 385 332 +16.0%
Show Equity Components breakouts
Retained Earnings 385 332 +16.0%
Comprehensive Income 380 392 -3.1%
Other Comprehensive Income -5 60 -108.3%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 2 8 -75.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 6 -19 +131.6%
Accumulated Other Comprehensive Income -5 60 -108.3%
Accumulated Translation Adjustment -13 71 -118.3%
EPS (Basic) 0.96 0.81 +18.5%
EPS (Diluted) 0.95 0.81 +17.3%
Wtd Avg Shares (Basic) 403 408 -1.2%
Wtd Avg Shares (Diluted) 405 410 -1.2%
Net Income Loss Available To Common Stockholders Basic 384 331 +16.0%
Foreign Currency Transaction Gain Loss Before Tax -1 2 -150.0%
Gain Loss On Investments 6 5 +20.0%
Depreciation And Amortization 72 68 +5.9%
Show Business Segments breakouts
Engine Products · Operating Segments 38 34 +11.8%
Engineered Structures · Operating Segments 9 10 -10.0%
Fastening Systems · Operating Segments 12 12 0.0%
Forged Wheels · Operating Segments 11 10 +10.0%
Show Consolidation Items breakouts
Operating Segments 70 66 +6.1%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 659 475 +38.7%
Accounts Receivable 884 757 +16.8%
Inventory 1,975 1,902 +3.8%
Prepaid Expenses & Other Current Assets 289 239 +20.9%
Total Current Assets 3,824 3,391 +12.8%
Non-Current Assets
Property, Plant & Equipment 2,551 2,358 +8.2%
Show Property Plant And Equipment By Type breakouts
Property, plant and equipment, excluding construction in progress 2,248 2,095 +7.3%
Operating Lease Right-of-Use Assets 163 159 +2.5%
Goodwill 4,058 4,047 +0.3%
Deferred Tax Assets 31 39 -20.5%
Other Non-Current Assets 251 239 +5.0%
Total Assets 11,177
Show Business Segments breakouts
Engine Products · Operating Segments 5,597 5,181 +8.0%
Engineered Structures · Operating Segments 1,361 1,379 -1.3%
Fastening Systems · Operating Segments 2,782 2,750 +1.2%
Forged Wheels · Operating Segments 733 737 -0.5%
Show Consolidation Items breakouts
Operating Segments 10,473 10,047 +4.2%
Current Liabilities
Accounts Payable 957 917 +4.4%
Current Portion of Long-Term Debt 1
Total Current Liabilities 1,625 1,517 +7.1%
Non-Current Liabilities
Long-Term Debt 3,188
Long-Term Debt 3,189
Operating Lease Liabilities 122 122 0.0%
Total Liabilities 6,034 6,055 -0.3%
Stockholders' Equity
Common Stock 403 407 -1.0%
Additional Paid-In Capital 2,717 3,386 -19.8%
Retained Earnings 3,722 2,453 +51.7%
Accumulated Other Comprehensive Income -1,754 -1,798 +2.4%
Total Stockholders' Equity 5,143 4,503 +14.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -664 -674 +1.5%
Accumulated Gain Loss Net Cash Flow Hedge Parent -32 -18 -77.8%
Accumulated Other Comprehensive Income -1,754 -1,798 +2.4%
Accumulated Translation Adjustment -1,058 -1,106 +4.3%
Additional Paid In Capital 2,717 3,386 -19.8%
Common Stock 403 407 -1.0%
Preferred Stock 55 55 0.0%
Retained Earnings 3,722 2,453 +51.7%
Total Liabilities & Equity 11,177 10,558 +5.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 210 204 +2.9%
Other Non-Cash Items 3 4 -25.0%
Change in Inventory -95 -139 +31.7%
Change in Prepaid & Other Assets -11 9 -222.2%
Change in Other Liabilities 13 -20 +165.0%
Net Cash from Operations 1,230 818 +50.4%
Investing Activities
Capital Expenditures -329 -219 -50.2%
Net Cash from Investing -316 -209 -51.2%
Financing Activities
Share Repurchases -500 -310 -61.3%
Tax Withholding for Share Compensation -45 -48 +6.2%
Net Cash from Financing -820 -742 -10.5%
Supplemental
Unpaid Capital Expenditures 72 71 +1.4%
Other Cash Flow
Net Change in Cash 95 -135 +170.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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