Howmet Aerospace Inc. (HWM) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 5.66B | 3.78B | 3.82B | 3.69B | 3.55B | 3.36B | 3.39B | 3.6B | 3.34B | 3.32B | 3.11B | 3.13B | 3.06B | 3.14B | 2.85B | 2.84B | 2.78B | 2.74B | 2.82B | 2.8B |
| Cash & Short-Term Investments | 2.44B | 742M | 664M | 545M | 536M | 564M | 475M | 753M | 534M | 610M | 424M | 535M | 537M | 791M | 453M | 537M | 520M | 720M | 724M | 715M |
| Cash Only | 2.44B | 742M | 660M | 545M | 536M | 564M | 475M | 753M | 534M | 610M | 424M | 535M | 537M | 791M | 453M | 537M | 520M | 720M | 724M | 715M |
| Short-Term Investments | 0 | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 940M | 796M | 901M | 902M | 901M | 709M | 775M | 768M | 803M | 692M | 727M | 671M | 671M | 537M | 600M | 550M | 529M | 420M | 465M | 416M |
| Days Sales Outstanding | 33.77 | 36.01 | 39.7 | 39.96 | 37.31 | 36.1 | 38.68 | 38.02 | 37.29 | 37.71 | 38.79 | 37.05 | 33.91 | 34.57 | 36.92 | 35.24 | 32.25 | 31.68 | 31.59 | 32.4 |
| Inventory | 1.98B | 1.85B | 1.98B | 1.96B | 1.9B | 1.84B | 1.9B | 1.85B | 1.78B | 1.76B | 1.75B | 1.72B | 1.66B | 1.61B | 1.61B | 1.56B | 1.48B | 1.4B | 1.42B | 1.46B |
| Days Inventory Outstanding | 117.94 | 118.45 | 126.09 | 122.67 | 123.91 | 127.51 | 130.58 | 121.84 | 118.96 | 126.25 | 127.03 | 121.66 | 119.77 | 128.84 | 133.26 | 131.74 | 128.41 | 131.92 | 132.96 | 142.78 |
| Other Current Assets | 307M | 392M | 289M | 283M | 215M | 249M | 239M | 235M | 221M | 249M | 1M | 1M | 1M | 206M | 1M | 1M | 2M | 0 | 0 | 1M |
| Total Non-Current Assets | 7.41B | 7.4B | 7.35B | 7.35B | 7.22B | 7.16B | 7.17B | 7.08B | 7.07B | 7.11B | 7.05B | 7.11B | 7.12B | 7.11B | 7.08B | 7.21B | 7.35B | 7.48B | 7.54B | 7.58B |
| Property, Plant & Equipment | 2.61B | 2.59B | 2.55B | 2.53B | 2.44B | 2.54B | 2.36B | 2.46B | 2.44B | 2.46B | 2.3B | 2.32B | 2.32B | 2.33B | 2.29B | 2.34B | 2.4B | 2.47B | 2.48B | 2.52B |
| Fixed Asset Turnover | 0.89x | 0.84x | 0.82x | 0.83x | 0.78x | 0.77x | 0.76x | 0.77x | 0.75x | 0.73x | 0.72x | 0.71x | 0.69x | 0.65x | 0.62x | 0.59x | 0.54x | 0.52x | 0.51x | 0.47x |
| Goodwill | 4.08B | 4.02B | 4.06B | 4.07B | 4.03B | 4.01B | 4.05B | 4.02B | 4.02B | 4.04B | 4.01B | 4.03B | 4.02B | 4.01B | 3.96B | 4.01B | 4.05B | 4.07B | 4.08B | 4.09B |
| Intangible Assets | 451M | 457M | 462M | 467M | 470M | 475M | 484M | 489M | 498M | 505M | 507M | 513M | 518M | 521M | 523M | 534M | 543M | 549M | 554M | 557M |
| Long-Term Investments | 0 | 0 | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 232M | 288M | 249M | 263M | 248M | 96M | 239M | 75M | 74M | 70M | 200M | 195M | 195M | 192M | 201M | 211M | 202M | 215M | 221M | 230M |
| Total Assets | 13.07B | 11.18B | 11.18B | 11.05B | 10.77B | 10.52B | 10.56B | 10.68B | 10.41B | 10.43B | 10.17B | 10.23B | 10.17B | 10.26B | 9.93B | 10.05B | 10.13B | 10.22B | 10.36B | 10.38B |
| Asset Turnover | 0.19x | 0.19x | 0.19x | 0.19x | 0.18x | 0.18x | 0.17x | 0.18x | 0.18x | 0.17x | 0.16x | 0.16x | 0.16x | 0.15x | 0.14x | 0.14x | 0.13x | 0.12x | 0.12x | 0.11x |
| Asset Growth % | 21.31% | 6.27% | 5.86% | 3.44% | 3.48% | 0.87% | 3.86% | 4.36% | 2.32% | 1.69% | 2.39% | 1.8% | 0.44% | 0.35% | -4.13% | -3.15% | -7.67% | -10.72% | -8.66% | -8.66% |
| Total Current Liabilities | 2.31B | 1.77B | 1.63B | 1.6B | 1.55B | 1.55B | 1.52B | 2.36B | 1.7B | 1.78B | 1.45B | 1.41B | 1.4B | 1.48B | 1.38B | 1.32B | 1.25B | 1.25B | 1.21B | 1.23B |
| Accounts Payable | 1.06B | 845M | 957M | 1.03B | 991M | 948M | 917M | 971M | 964M | 982M | 894M | 881M | 877M | 962M | 812M | 814M | 777M | 732M | 646M | 632M |
| Days Payables Outstanding | 58.69 | 55.82 | 63.54 | 64.06 | 64.21 | 63.55 | 65.74 | 64.93 | 65.25 | 67.42 | 65.11 | 63.33 | 67.34 | 70.96 | 68.24 | 68.81 | 67.17 | 64.42 | 59.08 | 60.27 |
| Short-Term Debt | 636M | 191M | 42M | 5M | 7M | 6M | 1M | 782M | 206M | 206M | 0 | 0 | 0 | 0 | 1M | 1M | 3M | 5M | 14M | 13M |
| Deferred Revenue (Current) | 129M | 147M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 372M | 168M | 241M | 403M | 374M | 439M | 515M | 423M | 399M | 431M | 397M | 344M | 366M | 365M | 413M | 342M | 311M | 348M | 403M | 391M |
| Current Ratio | 2.44x | 2.13x | 2.35x | 2.31x | 2.30x | 2.17x | 2.24x | 1.53x | 1.97x | 1.86x | 2.14x | 2.22x | 2.18x | 2.12x | 2.06x | 2.15x | 2.22x | 2.18x | 2.33x | 2.28x |
| Quick Ratio | 1.59x | 1.09x | 1.14x | 1.08x | 1.07x | 0.98x | 0.98x | 0.74x | 0.92x | 0.87x | 0.94x | 1.00x | 0.99x | 1.04x | 0.89x | 0.96x | 1.04x | 1.07x | 1.16x | 1.09x |
| Cash Conversion Cycle | 93.02 | 98.64 | 102.25 | 98.56 | 97.01 | 100.06 | 103.52 | 94.93 | 91.01 | 96.54 | 100.71 | 95.38 | 86.34 | 92.45 | 101.93 | 98.17 | 93.5 | 99.19 | 105.46 | 114.91 |
| Total Non-Current Liabilities | 5.23B | 4.05B | 4.41B | 4.4B | 4.43B | 4.42B | 4.54B | 4.04B | 4.63B | 4.61B | 4.84B | 5.05B | 5.01B | 5.17B | 5.28B | 5.31B | 5.42B | 5.46B | 5.57B | 5.55B |
| Long-Term Debt | 4.05B | 2.86B | 3.31B | 3.25B | 3.32B | 3.31B | 3.39B | 2.88B | 3.49B | 3.5B | 3.79B | 3.99B | 3.99B | 4.16B | 4.17B | 4.17B | 4.23B | 4.23B | 4.27B | 4.23B |
| Capital Lease Obligations | 0 | 0 | 122M | 129M | 120M | 119M | 0 | 121M | 0 | 97M | 83M | 77M | 79M | 83M | 80M | 82M | 78M | 81M | 0 | 93M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.18B | 1.2B | 977M | 1.02B | 995M | 988M | 1.15B | 1.05B | 1.14B | 1.01B | 963M | 982M | 943M | 927M | 1.02B | 1.06B | 1.11B | 1.15B | 1.3B | 1.23B |
| Total Liabilities | 7.54B | 5.83B | 6.03B | 6B | 5.98B | 5.96B | 6.05B | 6.4B | 6.32B | 6.39B | 6.29B | 6.46B | 6.41B | 6.65B | 6.66B | 6.63B | 6.67B | 6.71B | 6.78B | 6.78B |
| Total Debt | 4.69B | 3.05B | 3.47B | 3.43B | 3.48B | 3.47B | 3.39B | 3.82B | 3.69B | 3.83B | 3.91B | 4.1B | 4.1B | 4.28B | 4.28B | 4.28B | 4.34B | 4.35B | 4.29B | 4.37B |
| Net Debt | 2.25B | 2.31B | 2.81B | 2.88B | 2.95B | 2.91B | 2.92B | 3.06B | 3.16B | 3.23B | 3.48B | 3.56B | 3.56B | 3.49B | 3.83B | 3.75B | 3.82B | 3.63B | 3.56B | 3.65B |
| Debt / Equity | 0.85x | 0.57x | 0.68x | 0.68x | 0.73x | 0.76x | 0.75x | 0.89x | 0.90x | 0.95x | 1.01x | 1.09x | 1.09x | 1.19x | 1.31x | 1.25x | 1.26x | 1.24x | 1.20x | 1.21x |
| Debt / EBITDA | 5.80x | 4.69x | 5.66x | 5.81x | 6.23x | 6.55x | 6.95x | 7.81x | 8.47x | 8.98x | 10.40x | 11.55x | 11.42x | 11.95x | 13.30x | 13.56x | 14.33x | 14.34x | 15.20x | 15.83x |
| Net Debt / EBITDA | 2.79x | 3.55x | 4.58x | 4.89x | 5.27x | 5.48x | 5.98x | 6.27x | 7.25x | 7.55x | 9.27x | 10.04x | 9.92x | 9.74x | 11.89x | 11.86x | 12.61x | 11.97x | 12.63x | 13.24x |
| Interest Coverage | 17.56x | 15.59x | 14.38x | 13.34x | 12.44x | 10.80x | 9.05x | 7.82x | 7.18x | 6.19x | 5.48x | 5.42x | 4.86x | 3.60x | 2.82x | 4.21x | 3.95x | 2.34x | 1.37x | 2.24x |
| Total Equity | 5.52B | 5.35B | 5.14B | 5.04B | 4.79B | 4.55B | 4.5B | 4.28B | 4.09B | 4.04B | 3.87B | 3.77B | 3.76B | 3.6B | 3.27B | 3.42B | 3.46B | 3.51B | 3.58B | 3.6B |
| Equity Growth % | 15.23% | 17.54% | 14.21% | 17.89% | 17.28% | 12.81% | 16.3% | 13.3% | 8.64% | 12.11% | 18.3% | 10.35% | 8.79% | 2.65% | -8.55% | -4.92% | -5.6% | -2.01% | 2.23% | 4.32% |
| Book Value per Share | 13.70 | 13.25 | 12.70 | 12.39 | 11.77 | 11.16 | 10.98 | 10.41 | 9.92 | 9.75 | 9.33 | 9.05 | 9.00 | 8.59 | 7.79 | 8.11 | 8.13 | 8.13 | 8.25 | 8.23 |
| Total Shareholders' Equity | 5.52B | 5.35B | 5.14B | 5.04B | 4.79B | 4.55B | 4.5B | 4.28B | 4.09B | 4.04B | 3.87B | 3.77B | 3.76B | 3.6B | 3.27B | 3.42B | 3.46B | 3.51B | 3.58B | 3.6B |
| Common Stock | 401M | 402M | 403M | 404M | 404M | 405M | 407M | 408M | 408M | 410M | 412M | 412M | 412M | 412M | 414M | 416M | 418M | 422M | 428M | 429M |
| Retained Earnings | 4.63B | 4.09B | 3.72B | 3.43B | 3.07B | 2.77B | 2.45B | 2.19B | 1.94B | 1.72B | 1.49B | 1.33B | 1.16B | 1.03B | 917M | 863M | 725M | 603M | 534M | 517M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.69B | -1.67B | -1.75B | -1.75B | -1.83B | -1.88B | -1.8B | -1.86B | -1.86B | -1.83B | -1.85B | -1.81B | -1.81B | -1.84B | -2.11B | -1.99B | -1.86B | -1.86B | -1.91B | -1.88B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |