Howmet Aerospace Inc. (BMV:HWM)

Howmet Aerospace Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,721	7,430	6,640	5,663	4,972	5,259
Revenue Growth (YoY)	8.85%	11.90%	17.25%	13.90%	-5.46%	-25.91%
Cost of Revenue	5,209	5,137	4,785	4,067	3,600	3,837
Gross Profit	2,512	2,293	1,855	1,596	1,372	1,422
Selling, General & Admin	362	376	362	304	260	303
Research & Development	33	33	36	32	17	17
Operating Expenses	674	686	670	601	547	599
Operating Income	1,838	1,607	1,185	995	825	823
Interest Expense	-161	-182	-218	-229	-259	-317
Interest & Investment Income	17	20	23	6	2	5
Currency Exchange Gain (Loss)	-3	-13	2	1	-2	11
Other Non Operating Income (Expenses)	-41	-40	-29	-8	-1	-64
EBT Excluding Unusual Items	1,650	1,392	963	765	565	458
Merger & Restructuring Charges	17	-9	-12	-64	-98	-201
Gain (Loss) on Sale of Investments	-	-	-	-	-9	-5
Gain (Loss) on Sale of Assets	-12	-12	1	8	12	-2
Asset Writedown	-	-	-12	-	-4	-
Legal Settlements	-	-	25	-65	-	-
Other Unusual Items	-6	-6	-9	-61	-174	-79
Pretax Income	1,661	1,383	975	606	324	171
Income Tax Expense	264	228	210	137	66	-40
Earnings From Continuing Operations	1,397	1,155	765	469	258	211
Earnings From Discontinued Operations	-	-	-	-	-	50
Net Income to Company	1,397	1,155	765	469	258	261
Net Income	1,397	1,155	765	469	258	261
Preferred Dividends & Other Adjustments	2	2	2	2	2	2
Net Income to Common	1,395	1,153	763	467	256	259
Net Income Growth	49.73%	50.98%	63.11%	81.78%	-1.15%	-44.47%
Shares Outstanding (Basic)	406	408	412	416	430	435
Shares Outstanding (Diluted)	408	410	416	421	435	439
Shares Change (YoY)	-1.21%	-1.44%	-1.19%	-3.22%	-0.91%	-5.18%
EPS (Basic)	3.44	2.83	1.85	1.12	0.60	0.60
EPS (Diluted)	3.42	2.81	1.83	1.11	0.59	0.59
EPS Growth	52.04%	53.55%	64.86%	88.14%	-0.66%	-41.37%
Free Cash Flow	1,018	977	682	540	250	-258
Free Cash Flow Per Share	2.50	2.38	1.64	1.28	0.57	-0.59
Dividend Per Share	0.360	0.260	0.170	0.100	0.040	0.020
Dividend Growth	89.47%	52.94%	70.00%	150.00%	100.00%	-83.33%
Gross Margin	32.53%	30.86%	27.94%	28.18%	27.59%	27.04%
Operating Margin	23.80%	21.63%	17.85%	17.57%	16.59%	15.65%
Profit Margin	18.07%	15.52%	11.49%	8.25%	5.15%	4.92%
Free Cash Flow Margin	13.18%	13.15%	10.27%	9.54%	5.03%	-4.91%
EBITDA	2,117	1,884	1,457	1,260	1,095	1,103
EBITDA Margin	27.42%	25.36%	21.94%	22.25%	22.02%	20.97%
D&A For EBITDA	279	277	272	265	270	280
EBIT	1,838	1,607	1,185	995	825	823
EBIT Margin	23.80%	21.63%	17.85%	17.57%	16.59%	15.65%
Effective Tax Rate	15.89%	16.49%	21.54%	22.61%	20.37%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.