Howmet Aerospace Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8,252	7,430	6,640	5,663	4,972
Revenue Growth (YoY)	11.06%	11.90%	17.25%	13.90%	-5.46%
Cost of Revenue	5,432	5,119	4,773	4,103	3,596
Gross Profit	2,820	2,311	1,867	1,560	1,376
Selling, General & Admin	370	347	333	288	251
Depreciation & Amortization Expenses	283	277	272	265	270
Research & Development	37	33	36	32	17
Other Operating Expenses	84	21	23	56	90
Operating Income	2,046	1,633	1,203	919	748
Interest Expense	-166	-188	-220	-231	-405
Other Non-Operating Income (Expense)	-40	-62	-8	-82	-19
Total Non-Operating Income (Expense)	-206	-250	-228	-313	-424
Pretax Income	1,840	1,383	975	606	324
Provision for Income Taxes	332	228	210	137	66
Net Income	1,508	1,153	763	467	256
Net Income to Common	1,508	1,153	763	467	256
Net Income Growth	30.79%	51.11%	63.38%	82.42%	-1.16%
Shares Outstanding (Basic)	404	408	412	416	430
Shares Outstanding (Diluted)	406	410	416	421	435
Shares Change (YoY)	-0.98%	-1.44%	-1.19%	-3.22%	-0.91%
EPS (Basic)	3.73	2.83	1.85	1.12	0.60
EPS (Diluted)	3.71	2.81	1.83	1.11	0.59
EPS Growth	32.03%	53.55%	64.86%	88.14%	22.92%
Free Cash Flow	1,431	977	682	540	250
Free Cash Flow Growth	46.47%	43.25%	26.30%	116.00%	-
Free Cash Flow Per Share	3.52	2.38	1.64	1.28	0.57
Dividends Per Share	0.440	0.260	0.170	0.100	0.040
Dividend Growth	69.23%	52.94%	70.00%	150.00%	100.00%
Gross Margin	34.17%	31.10%	28.12%	27.55%	27.67%
Operating Margin	24.79%	21.98%	18.12%	16.23%	15.04%
Profit Margin	18.27%	15.55%	11.52%	8.28%	5.19%
FCF Margin	17.34%	13.15%	10.27%	9.54%	5.03%
EBITDA	2,329	1,910	1,475	1,184	1,018
EBITDA Margin	28.22%	25.71%	22.21%	20.91%	20.47%
EBIT	2,046	1,633	1,203	919	748
EBIT Margin	24.79%	21.98%	18.12%	16.23%	15.04%
Effective Tax Rate	18.04%	16.49%	21.54%	22.61%	20.37%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.