How does Howmet Aerospace (HWM) make money?

Howmet Aerospace (HWM) generates revenue primarily from Engine Products Segment, which accounted for 71.7% of total revenue in TTM through Q1 2026. The company reported $8.62B in revenue and converted 20.2% of it into net profit, equivalent to roughly $1.74B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Howmet Aerospace (HWM)?

Howmet Aerospace (HWM) reported a gross profit margin of 32.6% in TTM through Q1 2026, equivalent to $2.81B in gross profit on $8.62B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Howmet Aerospace (HWM)?

Howmet Aerospace (HWM) reported an operating profit margin of 27.8% in TTM through Q1 2026, equivalent to $2.39B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Howmet Aerospace (HWM)?

Howmet Aerospace (HWM) reported a net profit margin of 20.2% in TTM through Q1 2026, equivalent to $1.74B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Howmet Aerospace (HWM) profitable?

Yes. Howmet Aerospace (HWM) reported $1.74B in net income for TTM through Q1 2026, with a net profit margin of 20.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Howmet Aerospace (HWM) invest in research and development?

Howmet Aerospace (HWM) invested $38M in research and development during TTM through Q1 2026, roughly 0.4% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Howmet Aerospace (HWM) spend on capital expenditures?

Howmet Aerospace (HWM) spent $649M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 7.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Howmet Aerospace (HWM) generate?

Howmet Aerospace (HWM) generated $1.44B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 16.6%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Howmet Aerospace (HWM)?

Howmet Aerospace (HWM) had an effective tax rate of 17% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Howmet Aerospace (HWM)?

Howmet Aerospace (HWM) reports revenue across 2 reportable product segments, led by Engine Products Segment at 71.7% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Howmet Aerospace Makes Money: 2026 Visual Revenue Map

Howmet Aerospace (HWM) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Howmet Aerospace discloses geographic revenue only in annual filings. to view the full breakdown.

Howmet Aerospace (HWM) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Howmet Aerospace (HWM), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Engine Products Segment	$6.19B	71.7%
Fastening Systems	$2.44B	28.3%
Total	$8.62B	100%

Engine Products Segment$6.19B
Fastening Systems$2.44B
Total$8.62B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Howmet Aerospace (HWM) reports revenue across 2 reportable product segments; the largest segment was Engine Products Segment at 71.7%, followed by Fastening Systems (28.3%).

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