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	5,137	4,785	4,067	3,600
Gross Profit	2,820	2,293	1,855	1,596	1,372
Selling, General & Admin	395	376	362	304	260
Research & Development	37	33	36	32	17
Operating Expenses	715	686	670	601	547
Operating Income	2,105	1,607	1,185	995	825
Interest Expense	-151	-182	-218	-229	-259
Interest & Investment Income	20	20	23	6	2
Currency Exchange Gain (Loss)	3	-13	2	1	-2
Other Non Operating Income (Expenses)	-36	-40	-29	-8	-1
EBT Excluding Unusual Items	1,941	1,392	963	765	565
Merger & Restructuring Charges	-92	-9	-12	-64	-98
Gain (Loss) on Sale of Investments	-	-	-	-	-9
Gain (Loss) on Sale of Assets	6	-12	1	8	12
Asset Writedown	-	-	-12	-	-4
Legal Settlements	-	-	25	-65	-
Other Unusual Items	-15	-6	-9	-61	-174
Pretax Income	1,840	1,383	975	606	324
Income Tax Expense	332	228	210	137	66
Earnings From Continuing Operations	1,508	1,155	765	469	258
Net Income to Company	1,508	1,155	765	469	258
Net Income	1,508	1,155	765	469	258
Preferred Dividends & Other Adjustments	2	2	2	2	2
Net Income to Common	1,506	1,153	763	467	256
Net Income Growth	30.56%	50.98%	63.11%	81.78%	-1.15%
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%	-0.66%
Free Cash Flow	1,431	977	682	540	250
Free Cash Flow Per Share	3.52	2.38	1.64	1.28	0.57
Dividend 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%	30.86%	27.94%	28.18%	27.59%
Operating Margin	25.51%	21.63%	17.85%	17.57%	16.59%
Profit Margin	18.25%	15.52%	11.49%	8.25%	5.15%
Free Cash Flow Margin	17.34%	13.15%	10.27%	9.54%	5.03%
EBITDA	2,388	1,884	1,457	1,260	1,095
EBITDA Margin	28.94%	25.36%	21.94%	22.25%	22.02%
D&A For EBITDA	283	277	272	265	270
EBIT	2,105	1,607	1,185	995	825
EBIT Margin	25.51%	21.63%	17.85%	17.57%	16.59%
Effective Tax Rate	18.04%	16.49%	21.54%	22.61%	20.37%

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q