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Howmet Aerospace Balance Sheet 2025-2006 | HWM
Brief overview of Howmet Aerospace 's balance sheet strength
This overview follows the five latest available annual observations between 2021 and 2025.
Assets moved from $10.2 billion to $11.2 billion, a rise of +9.4%. CAGR near 2.3% indicates restrained expansion.
Growth in the asset base was not matched by liabilities: +9.4% versus -13.2%. The balance sheet moved in a more conservative direction.
Shareholders' equity accounts for 47.9% of assets, previously 34.3%. Dependence on liabilities is moderate.
Net debt equals roughly 0.4x of equity. This is a moderate load and leaves room for maneuver.
Cash equals 6.6% of the balance sheet, compared with 7.1% five periods ago. This is the readily available cushion.
Retained earnings stand at $4.1 billion; the five-period change was +578.8%. This reflects accumulated business performance.
Overall assessment
Howmet Aerospace 's balance sheet looks resilient: assets are supported by substantial equity, while debt does not overwhelm financial flexibility.
Annual Balance Sheet Howmet Aerospace
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
2.16 B | 2.78 B | 2.92 B | 3.4 B | 3.54 B | 3.13 B | 4.29 B | 4.05 B | 4.69 B | 6.22 B | 7.46 B | 6.92 B | -725 M | -1.34 B | 7.15 B | 7.53 B | 8.16 B | 7.75 B | - | - |
Long Term Debt |
2.86 B | 3.31 B | 3.5 B | 4.16 B | 4.23 B | 4.7 B | 4.91 B | 5.9 B | 6.81 B | 8.04 B | 8.79 B | 8.77 B | 655 M | 465 M | 8.64 B | 8.84 B | 8.97 B | 8.51 B | - | - |
Long Term Debt Current |
42 M | 37 M | 32 M | 32 M | 33 M | 38 M | 71 M | 405 M | 1 M | 4 M | 21 M | 29 M | 655 M | 465 M | 445 M | 231 M | 669 M | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 8.84 B | 9.6 B | 11 B | 12.2 B | 19.2 B | 8.77 B | 3.63 B | 3.54 B | 11.1 B | - | - | - | - | - |
Total Current Liabilities |
1.77 B | 1.55 B | 1.78 B | 1.48 B | 1.25 B | 1.66 B | 4.13 B | 3.52 B | 2.82 B | 2.75 B | 5.21 B | 5.54 B | 6.1 B | 5.94 B | 6.01 B | 5.25 B | 5.41 B | 7.28 B | - | - |
Total Liabilities |
5.83 B | 5.96 B | 6.39 B | 6.65 B | 6.71 B | 7.87 B | 13 B | 13.1 B | 13.8 B | 14.9 B | 24.4 B | 25.1 B | 22.2 B | 23.7 B | 26.3 B | 22.2 B | 22.9 B | 23.5 B | - | - |
Deferred Revenue |
147 M | 60 M | - | - | - | - | 608 K | 573 M | 743 M | 1.23 B | 2.67 B | 2.75 B | 3.18 B | 3.79 B | 3.55 B | - | - | - | - | - |
Retained Earnings |
4.09 B | 2.77 B | 1.72 B | 1.03 B | 603 M | 364 M | 129 M | -358 M | -1.25 B | -1.03 B | 8.83 B | 9.38 B | 9.27 B | 11.7 B | 11.6 B | 11.1 B | 11 B | 12.4 B | - | - |
Total Assets |
11.2 B | 10.5 B | 10.4 B | 10.3 B | 10.2 B | 11.4 B | 17.6 B | 18.7 B | 18.7 B | 20 B | 36.5 B | 37.4 B | 35.7 B | 40.2 B | 40.1 B | 39.3 B | 38.5 B | 37.8 B | - | - |
Cash and Cash Equivalents |
742 M | 564 M | 610 M | 791 M | 722 M | 1.61 B | 1.65 B | 2.28 B | 2.15 B | 1.86 B | 1.36 B | 1.88 B | 1.44 B | 1.86 B | 1.94 B | 1.54 B | 1.48 B | 762 M | 483 M | 506 M |
Book Value |
5.35 B | 4.55 B | 4.04 B | 3.6 B | 3.51 B | 3.58 B | 4.61 B | 5.57 B | 4.91 B | 5.12 B | 12 B | 12.3 B | 13.5 B | 16.5 B | 13.8 B | 17.1 B | 15.6 B | 14.3 B | - | - |
Total Shareholders Equity |
5.35 B | 4.55 B | 4.04 B | 3.6 B | 3.51 B | 3.58 B | 4.61 B | 5.57 B | 4.91 B | 5.12 B | 12 B | 12.3 B | 10.6 B | 13.2 B | 13.8 B | 13.6 B | 12.4 B | 11.7 B | 18.5 B | 16.4 B |
All numbers in USD currency
Quarterly Balance Sheet Howmet Aerospace
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
4.05 B | 4.05 B | 3.19 B | 3.25 B | 3.32 B | 3.39 B | 2.88 B | 3.49 B | 3.79 B | 3.99 B | 3.99 B | 4.16 B | 4.17 B | - | 4.23 B | 4.23 B | 4.27 B | 4.23 B | 4.22 B | 4.7 B | 4.7 B | 4.7 B | 4.7 B | 4.91 B | 4.91 B | 4.91 B | 4.91 B | 5.9 B | 5.9 B | 5.9 B | 5.9 B | 6.81 B | 6.81 B | 6.81 B | 6.81 B | 8.04 B | 8.04 B | 8.04 B | 8.04 B | 8.79 B | 8.99 B | 8.99 B | 8.99 B | 8.77 B | 1.25 B | 8.77 B | 8.77 B | 7.61 B | 7.61 B | 7.61 B | 7.61 B | 8.31 B | 8.31 B | 8.31 B | 8.31 B | 8.64 B | 8.64 B | 8.64 B | 8.64 B | 8.99 B | 8.28 B | 8.92 B | 9.07 B | 9.39 B |
Total Liabilities |
7.52 B | 7.54 B | 6.03 B | 6 B | 5.98 B | 6.06 B | 6.4 B | 6.32 B | 6.29 B | 6.46 B | 6.41 B | 6.65 B | 6.66 B | - | 6.67 B | 6.71 B | 6.78 B | 6.78 B | 7.31 B | 7.87 B | 7.87 B | 7.87 B | 7.87 B | 13 B | 13 B | 13 B | 13 B | 13.1 B | 13.1 B | 13.1 B | 13.1 B | 13.8 B | 13.8 B | 13.8 B | 13.8 B | 14.9 B | 14.9 B | 14.9 B | 14.9 B | 22.3 B | 22.3 B | 22.3 B | 22.3 B | 22.6 B | 22.6 B | 22.6 B | 22.6 B | 22.2 B | 22.2 B | 22.2 B | 22.2 B | 23.7 B | 23.7 B | 23.7 B | 23.7 B | 22.9 B | 22.9 B | 22.9 B | 22.9 B | 21.6 B | 21.6 B | 22 B | 21.9 B | 22.1 B |
Deferred Revenue |
119 M | 129 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
5.11 B | 4.62 B | 3.72 B | 3.43 B | 3.07 B | 2.45 B | 2.19 B | 1.94 B | 1.48 B | 1.33 B | 1.16 B | 1.03 B | 917 M | - | 725 M | 603 M | 534 M | 517 M | 443 M | 364 M | 364 M | 364 M | 364 M | 113 M | 113 M | 129 M | 129 M | -358 M | -358 M | -358 M | -358 M | -1.25 B | -1.25 B | -1.25 B | -1.25 B | -1.03 B | -1.03 B | -1.03 B | -1.03 B | 8.83 B | 8.83 B | 8.83 B | 8.83 B | 9.38 B | 9.38 B | 9.38 B | 9.38 B | 9.27 B | 9.27 B | 9.27 B | 9.27 B | 11.7 B | 11.7 B | 11.7 B | 11.7 B | 11.6 B | 11.6 B | 11.6 B | 11.6 B | 10.9 B | 10.9 B | 10.8 B | 11.3 B | 11.3 B |
Total Assets |
13.3 B | 13.1 B | 11.2 B | 11 B | 10.8 B | 10.6 B | 10.7 B | 10.4 B | 10.2 B | 10.2 B | 10.2 B | 10.3 B | 9.93 B | - | 10.1 B | 10.2 B | 10.4 B | 10.4 B | 11 B | 11.4 B | 11.4 B | 11.4 B | 11.4 B | 17.6 B | 17.6 B | 17.6 B | 17.6 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B | 18.7 B | 20 B | 20 B | 20 B | 20 B | 36.5 B | 36.5 B | 36.5 B | 36.5 B | 37.4 B | 37.4 B | 37.4 B | 37.4 B | 35.7 B | 35.7 B | 35.7 B | 35.7 B | 40.2 B | 40.2 B | 40.2 B | 40.2 B | 40.1 B | 40.1 B | 40.1 B | 40.1 B | 38.4 B | 37.3 B | 37.8 B | 38.1 B | 37.6 B |
Cash and Cash Equivalents |
563 M | 2.44 B | 659 M | 545 M | 536 M | 475 M | 752 M | 534 M | 424 M | 536 M | 538 M | 791 M | 454 M | 538 M | 522 M | 720 M | 726 M | 715 M | 1.24 B | 1.61 B | 1.61 B | 1.61 B | 1.61 B | 1.58 B | 1.58 B | 1.58 B | 1.65 B | 2.28 B | 2.28 B | 2.28 B | 2.28 B | 2.15 B | 2.15 B | 2.15 B | 2.15 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 1.92 B | 1.92 B | 1.92 B | 1.92 B | 1.88 B | 1.88 B | 1.88 B | 1.88 B | 1.44 B | 1.44 B | 1.44 B | 1.44 B | 1.86 B | 1.86 B | 1.86 B | 1.86 B | 1.94 B | 1.94 B | 1.94 B | 1.94 B | 843 M | 1.34 B | 1.29 B | 1.07 B | 851 M |
Book Value |
5.73 B | 5.52 B | 5.14 B | 5.04 B | 4.79 B | 4.5 B | 4.28 B | 4.09 B | 3.87 B | 3.78 B | 3.76 B | 3.6 B | 3.27 B | - | 3.46 B | 3.51 B | 3.58 B | 3.6 B | 3.66 B | 3.58 B | 3.58 B | 3.58 B | 3.58 B | 4.6 B | 4.6 B | 4.62 B | 4.62 B | 5.58 B | 5.58 B | 5.58 B | 5.58 B | 4.92 B | 4.92 B | 4.92 B | 4.92 B | 5.14 B | 5.14 B | 5.14 B | 5.14 B | 14.1 B | 14.1 B | 14.1 B | 14.1 B | 14.8 B | 14.8 B | 14.8 B | 14.8 B | 13.5 B | 13.5 B | 13.5 B | 13.5 B | 16.5 B | 16.5 B | 16.5 B | 16.5 B | 17.2 B | 17.2 B | 17.2 B | 17.2 B | 16.8 B | 15.7 B | 15.8 B | 16.2 B | 15.6 B |
Total Shareholders Equity |
5.73 B | 5.52 B | 5.14 B | 5.04 B | 4.79 B | 4.5 B | 4.28 B | 4.09 B | 3.87 B | 3.78 B | 3.76 B | 3.6 B | 3.27 B | 3.42 B | 3.46 B | 3.51 B | 3.58 B | 3.6 B | 3.66 B | 3.58 B | 3.58 B | 3.58 B | 3.58 B | 4.59 B | 4.59 B | 4.61 B | 4.61 B | 5.57 B | 5.57 B | 5.57 B | 5.57 B | 4.91 B | 4.91 B | 4.91 B | 4.91 B | 5.12 B | 5.12 B | 5.12 B | 5.12 B | 12 B | 12 B | 12 B | 12 B | 12.3 B | 12.3 B | 12.3 B | 12.3 B | 10.6 B | 10.6 B | 10.6 B | 10.6 B | 13.2 B | 13.2 B | 13.2 B | 13.2 B | 13.8 B | 13.8 B | 13.8 B | 13.8 B | 13.4 B | 12.6 B | 12.7 B | 13.2 B | 12.8 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Howmet Aerospace , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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