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Howmet Aerospace $HWM

Industrials · Aerospace & Defense · NYSE/NASDAQ

S&P 500 Russell 1000 Pennsylvania

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$208.22

-11.81 (-5.37%)

As of Oct 20, 2026, 2:05 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Aug 24, 2026, the first target we tracked for HWM.

Key facts

52-week range (closes): $189.68 – $292.65 Lowest close Oct 17, 2025, highest Aug 18, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings: Oct 29, 2026, before the open · EPS forecast $1.37 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Oct 21, 2016 · All S&P 500 changes
Analyst coverage: 2 open price targets from 2 firms: Bernstein, Guggenheim Approved targets tracked here; see the analyst section below

Howmet Aerospace (HWM) is trading down at $208.22 (-5.37%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Analyst price targets on HWM

Current price targets from 2 firms average $339, ranging from $328 to $350 — 63% above the current $208. Each is tracked to its date and scored the same way a member's call is.

Guggenheim $225 → $350 by Sep 2027 Buy Sep 15, 2026 via Investing.com · Guggenheim's track record
Bernstein $263 → $328 by Aug 2027 Outperform Aug 24, 2026 via Investing.com · Bernstein's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Howmet Aerospace revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Howmet Aerospace annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$12.4B	$13.0B	$6.78B	$7.10B	$5.26B	$4.97B	$5.66B	$6.64B	$7.43B	$8.25B
Growth (year over year)	−0.2%	+4.6%	−47.7%	+4.7%	−25.9%	−5.5%	+13.9%	+17.3%	+11.9%	+11.1%
Gross profit	—	$2.74B	$1.66B	$1.88B	$1.38B	$1.38B	$1.56B	$1.87B	$2.31B	$2.82B
Gross margin	—	21.1%	24.6%	26.5%	26.3%	27.7%	27.5%	28.1%	31.1%	34.2%
Operating income	$954.0M	$480.0M	$775.0M	$579.0M	$626.0M	$748.0M	$919.0M	$1.20B	$1.63B	$2.05B
Operating margin	7.7%	3.7%	11.4%	8.2%	11.9%	15.0%	16.2%	18.1%	22.0%	24.8%
Net income	−$941.0M	−$74.0M	$642.0M	$470.0M	$261.0M	$258.0M	$469.0M	$765.0M	$1.16B	$1.51B
Net margin	−7.6%	−0.6%	9.5%	6.6%	5.0%	5.2%	8.3%	11.5%	15.5%	18.3%
EPS (diluted)	−$2.31	−$0.28	$1.30	$1.03	—	$0.59	$1.11	$1.83	$2.81	$3.71
Balance sheet
Cash and equivalents	$1.86B	$2.15B	$2.28B	$1.58B	$1.61B	$720.0M	$791.0M	$610.0M	$564.0M	$742.0M
Total assets	$20.0B	$18.7B	$18.7B	$17.6B	$11.4B	$10.2B	$10.3B	$10.4B	$10.5B	$11.2B
Total liabilities	$14.9B	$13.8B	$13.1B	$13.0B	$7.87B	$6.71B	$6.65B	$6.39B	$5.96B	$5.83B
Long-term debt	$8.04B	$6.81B	$5.90B	$4.91B	$4.70B	$4.23B	$4.16B	$3.50B	$3.31B	$2.86B
Shareholders' equity	$5.12B	$4.91B	$5.57B	$4.59B	$3.58B	$3.51B	$3.60B	$4.04B	$4.55B	$5.35B
Cash flow
Operating cash flow	$95.0M	−$39.0M	$217.0M	$461.0M	$9.00M	$449.0M	$733.0M	$901.0M	$1.30B	$1.88B
Capital expenditure	$1.13B	$596.0M	$768.0M	$641.0M	$267.0M	$199.0M	$193.0M	$219.0M	$321.0M	$453.0M
Free cash flow	−$1.03B	−$635.0M	−$551.0M	−$180.0M	−$258.0M	$250.0M	$540.0M	$682.0M	$977.0M	$1.43B
Share buybacks	—	$0	$0	$1.15B	$73.0M	$430.0M	$400.0M	$250.0M	$500.0M	$700.0M

RevenueNet incomeNet margin (right axis, %)

Howmet Aerospace quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$1.83B	$1.89B	$1.94B	$2.05B	$2.09B	$2.17B	$2.31B	$2.55B
Growth (year over year)	+10.7%	+9.2%	+6.5%	+9.2%	+13.8%	+14.6%	+19.1%	+24.1%
Gross profit	$582.0M	$602.0M	$652.0M	$688.0M	$724.0M	$756.0M	$854.0M	$951.0M
Gross margin	31.7%	31.8%	33.6%	33.5%	34.7%	34.9%	36.9%	37.3%
Operating income	$421.0M	$445.0M	$494.0M	$521.0M	$542.0M	$489.0M	$753.0M	$711.0M
Operating margin	22.9%	23.5%	25.4%	25.4%	25.9%	22.6%	32.6%	27.9%
Net income	$332.0M	$314.0M	$344.0M	$407.0M	$385.0M	$372.0M	$580.0M	$534.0M
Net margin	18.1%	16.6%	17.7%	19.8%	18.4%	17.2%	25.1%	21.0%
EPS (diluted)	$0.81	$0.76	$0.84	$1.00	$0.95	$0.92	$1.44	$1.33
Balance sheet
Cash and equivalents	$475.0M	$564.0M	$536.0M	$545.0M	$659.0M	$742.0M	$2.44B	$563.0M
Total assets	$10.6B	$10.5B	$10.8B	$11.0B	$11.2B	$11.2B	$13.1B	$13.3B
Total liabilities	$6.05B	$5.96B	$5.98B	$6.00B	$6.03B	$5.83B	$7.54B	$7.52B
Long-term debt	$3.39B	$3.31B	$3.32B	$3.25B	$3.19B	$2.86B	$4.05B	$4.05B
Shareholders' equity	$4.50B	$4.55B	$4.79B	$5.04B	$5.14B	$5.35B	$5.52B	$5.73B
Cash flow
Operating cash flow	$244.0M	$480.0M	$253.0M	$446.0M	$531.0M	$654.0M	$453.0M	$583.0M
Capital expenditure	$82.0M	$102.0M	$119.0M	$102.0M	$108.0M	$124.0M	$94.0M	$104.0M
Free cash flow	$162.0M	$378.0M	$134.0M	$344.0M	$423.0M	$530.0M	$359.0M	$479.0M
Share buybacks	$100.0M	$190.0M	$125.0M	$175.0M	$200.0M	$200.0M	$300.0M	$300.0M

From Howmet Aerospace's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Howmet Aerospace vs the Industrials sector and the S&P 500

Howmet Aerospace's latest reported figures next to the median of the other 81 S&P 500 Industrials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Howmet Aerospace compared with the median Industrials company and the median S&P 500 company
Measure	Howmet Aerospace	Industrials (81 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+11.1%	+4.5%	+7.0%
Net margin, latest fiscal year	18.3%	11.2%	12.9%
Dividend per share, latest fiscal year	$0.44	$2.67	$2.40
Share price change, 1 year	+14.3%	+7.0%	+5.6%

Howmet Aerospace: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Howmet Aerospace included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 79/496, net margin 79/496, dividend per share 63/349, 1-year price change 79/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 63 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Howmet Aerospace

Howmet Aerospace Inc. is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.

Source: Wikipedia — Howmet Aerospace