Company Dossier · Industrials
Howmet Aerospace
- S&P 500
- Russell 1000
What Howmet Aerospace is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $9.12 billion, up 18% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $1.79 billion, up 75% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $0.43 billion, up 4.9% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.70 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $0.50 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (August 6, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.95 of 1.Palanor Discourse
- Guidance in the last 90 days: 1 outlook figure raised, 0 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 12, 2026): 1 risk factor added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q2 2026: $11.3 million on the open market.SEC Form 4
- 1,614 institutional managers reported a position at June 30, 2026 (+135 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 2 (1 a year earlier).U.S. Department of Labor (OFLC)
Risk events (12 months): 3 — latest EPA enforcement case, Jul 13, 2026 →
Company Posture
How Company Posture is measured →What Howmet Aerospace is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Confident
Expanding ↔ Retrenching
Steady
- Capital spending33rd pct
- Debt raised77th pct
- Buybacks vs capex24th pct
- Hiring filings39th pct
- Deals and private raises94th pct
- Patent publications84th pct
Confident ↔ Hedging
Confident
- Call sentiment84th pct
- Call confidence98th pct
- Guidance changes85th pct
- Risk factors added18th pct
- Insider open-market trades44th pct
- + Call confidence
- + Guidance changes
- + Call sentiment
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver30th pct
- Stress filings50th pct
Credit
How these are built →Howmet Aerospace's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$4.5B
- Due within a year $0.5B
- Longer term $4.0B
- Default point $2.5B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$1.7B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Feb 17, 2026 | $400M | 3.750% | 2028 (2y) | +35bp | 3.795% |
| Feb 17, 2026 | $300M | 3.900% | 2029 (3y) | +43bp | 3.908% |
| Feb 17, 2026 | $500M | 4.750% | 2036 (10y) | +70bp | 4.760% |
| Nov 3, 2025 | $500M | 4.550% | 2032 (7y) | +65bp | 4.557% |
| Aug 8, 2024 | $500M | 4.850% | 2031 (7y) | +100bp | 4.889% |
From the pricing term sheets Howmet Aerospace filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Howmet Aerospace, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralHowmet Aerospace: Power Demand Set To Deliver Durable Growth Over The Coming Years (HWM)
seekingalpha.com · via Marketaux · Oct 8, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 21, 2026LobbyingLobbying report (HOWMET AEROSPACE, INC. FORMALLY KNOWN AS ARCONIC, INC.)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (J.A. GREEN AND COMPANY)third_quarter 2026 · $0.0 million
- Oct 15, 2026LobbyingLobbying report (CASSIDY & ASSOCIATES, INC.)third_quarter 2026 · $0.0 million
- Sep 22, 2026Patent
- Sep 22, 2026Patent
- Aug 24, 2026Trademark
- Jul 27, 2026LobbyingLobbying report (HOWMET AEROSPACE, INC. FORMALLY KNOWN AS ARCONIC, INC.)second_quarter 2026 · $0.1 million
- Jul 20, 2026LobbyingLobbying report (ARCONIC CORPORATION)second_quarter 2026 · $0.1 million
- Jul 20, 2026LobbyingLobbying report (J.A. GREEN AND COMPANY (FORMERLY LLC))second_quarter 2026 · $0.0 million
- Jul 13, 2026Risk event
- Jul 9, 2026LobbyingLobbying report (CASSIDY & ASSOCIATES, INC.)second_quarter 2026 · $0.0 million
- Jun 17, 2026Trademark
- Jun 17, 2026Trademark
- Jun 17, 2026Trademark
- Jun 17, 2026Trademark
- Jun 2, 2026Patent
- Jun 2, 2026Risk event
- May 26, 20268-KShareholder vote resultsItem 5.07
- May 19, 2026Patent
- Apr 20, 2026LobbyingLobbying report (J.A. GREEN AND COMPANY (FORMERLY LLC))first_quarter 2026 · $0.0 million
- Apr 14, 2026Patent
- Apr 6, 20268-KAcquisition or sale completedItem 2.01
- Apr 2, 2026Risk event
- Feb 12, 202610-KAnnual report (10-K)1 risk factors added, 0 removed
- Oct 22, 20258-KDirector or officer changeItem 5.02
- Aug 20, 20258-KDirector or officer changeItem 5.02
- Aug 20, 2025Risk event
- Jul 11, 2025Risk event
- Jun 27, 20258-KDirector or officer changeItem 5.02
- Jun 3, 20258-KShareholder vote resultsItem 5.07
- May 9, 20258-KDirector or officer changeItem 5.02
- Mar 19, 2025Risk event
- Feb 14, 202510-KAnnual report (10-K)0 risk factors added, 0 removed
- Feb 13, 202410-KAnnual report (10-K)0 risk factors added, 2 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| TransDigm Group TDG | $10.0B | $1.9B | Jun 27, 2026 |
| StandardAero SARO | $6.3B | $0.2B | Jun 30, 2026 |
| Huntington Ingalls Industries HII | $13.2B | −$0.1B | Jun 30, 2026 |
| Parsons Corporation PSN | $6.3B | $0.4B | Mar 31, 2026 |
| Textron TXT | $15.3B | $0.8B | Jul 4, 2026 |
| HEICO (Common) HEI | $5.2B | $1.0B | Jul 31, 2026 |
| ATI Inc. ATI | $4.7B | $0.5B | Jun 28, 2026 |
| L3Harris LHX | $21.7B | $2.8B | Jul 3, 2026 |