Howmet Aerospace income statement
In fiscal 2025, Howmet Aerospace reported revenue of $8.25bn, up 11.1% on the year before, operating income of $2.05bn (a 24.8% margin) and net income of $1.51bn, or $3.71 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.4 | 21.0 | 25.0 | 23.7 | 23.0 | 12.5 | 12.4 | 12.4 | 13.0 | 14.0 | 7.1 | 5.3 | 5.0 | 5.7 | 6.6 | 7.4 | 8.3 | 9.7 |
| Research and development | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, general and administrative | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.8 | 0.8 | 0.9 | 0.7 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 |
| Operating income | — | — | — | — | — | — | 0.6 | 1.0 | 0.5 | 0.8 | 0.6 | 0.6 | 0.7 | 0.9 | 1.2 | 1.6 | 2.0 | 2.7 |
| Interest expense | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | −0.3 | −0.3 | −0.3 | −0.2 | −0.2 | — | — | — |
| Income before tax | −1.5 | 0.5 | 1.1 | 0.3 | −1.8 | 0.1 | 0.2 | 0.4 | 0.5 | 0.4 | 0.2 | 0.2 | 0.3 | 0.6 | 1.0 | 1.4 | 1.8 | 2.5 |
| Income tax | −0.6 | 0.1 | 0.3 | 0.2 | 0.4 | 0.2 | 0.3 | 1.5 | 0.5 | 0.1 | 0.1 | −0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.5 |
| Net income | −1.2 | 0.3 | 0.6 | 0.2 | −2.3 | 0.3 | −0.3 | −0.9 | −0.1 | 0.6 | 0.5 | 0.3 | 0.3 | 0.5 | 0.8 | 1.2 | 1.5 | 2.1 |
| Diluted EPS | −$1.23 | $0.24 | $0.55 | $0.18 | −$2.14 | $0.63 | −$0.93 | −$2.31 | −$0.28 | $1.30 | $1.03 | — | $0.59 | $1.11 | $1.83 | $2.81 | $3.71 | $5.10 |
| Diluted shares (average) | 935m | 1,025m | 1,161m | 1,076m | 1,070m | 393m | 420m | 438m | 451m | 503m | 463m | 439m | 435m | 421m | 416m | 410m | 406m | 403m |
| EBITDA | — | — | — | — | — | — | 1.9 | 2.1 | 1.0 | 1.4 | 1.1 | 1.0 | 1.0 | 1.2 | 1.5 | 1.9 | 2.3 | 3.1 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,891 | 1,942 | 2,053 | 2,089 | 2,168 | 2,313 | 2,547 | 2,703 |
| Research and development | 7 | 8 | 9 | 10 | 10 | 9 | 8 | 11 |
| Selling, general and administrative | 77 | 85 | 89 | 100 | 96 | 111 | 148 | 120 |
| Operating income | 445 | 494 | 521 | 542 | 489 | 753 | 711 | 777 |
| Income before tax | 392 | 446 | 469 | 495 | 430 | 708 | 649 | 721 |
| Income tax | 78 | 102 | 62 | 110 | 58 | 128 | 115 | 154 |
| Net income | 314 | 344 | 407 | 385 | 372 | 580 | 534 | 567 |
| Diluted EPS | $0.77 | $0.84 | $1.00 | $0.95 | $0.92 | $1.44 | $1.33 | $1.42 |
| EBITDA | 518 | 563 | 590 | 614 | 562 | 827 | 795 | 870 |
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