Howmet Aerospace Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Howmet Aerospace Inc. reported net income of $1.51B on revenue of $8.25B. Operating cash flow was $1.88B and capital expenditures were $453.00M, leaving $1.43B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.39B | $12.96B | $6.78B | $7.10B | $5.26B | $4.97B | $5.66B | $6.64B | $7.43B | $8.25B |
| Operating income | $954.00M | $480.00M | $775.00M | $579.00M | $626.00M | $748.00M | $919.00M | $1.20B | $1.63B | $2.05B |
| Net income | −$941.00M | −$74.00M | $642.00M | $470.00M | $261.00M | $258.00M | $469.00M | $765.00M | $1.16B | $1.51B |
| Diluted EPS | −$2.31 | −$0.28 | $1.30 | $1.03 | — | $0.59 | $1.11 | $1.83 | $2.81 | $3.71 |
| Operating cash flow | $95.00M | −$39.00M | $217.00M | $461.00M | $9.00M | $449.00M | $733.00M | $901.00M | $1.30B | $1.88B |
| Capital expenditures | $1.12B | $596.00M | $768.00M | $641.00M | $267.00M | $199.00M | $193.00M | $219.00M | $321.00M | $453.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 24.8% | 18.3% |
| Dec 2024 | — | 22.0% | 15.5% |
| Dec 2023 | — | 18.1% | 11.5% |
| Dec 2022 | — | 16.2% | 8.3% |
| Dec 2021 | — | 15.0% | 5.2% |
Source: SEC EDGAR XBRL company facts for CIK 4281 (raw data). Most recent filing in this dataset: 10-Q filed Oct 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.