HWMHowmet Aerospace

Industrials · Metals · NYSE

Howmet Aerospace Inc. is a Delaware corporation with its principal office in Pittsburgh, Pennsylvania. 10-K, Item 1

Headquarters: Pittsburgh, PA
CEO: John C. Plant
Next results: around Feb 11, 2027

RevenueFY2016–25 $8.3B+11.1% FY2024: $7.4B 10-K FY2025 · XBRL Net incomeFY2016–25 $1.5B+30.6% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.4B+46.5% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 24.8%+2.8 pts 7.7% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 12, 2026 against Feb 14, 2025

Area	What changed	Source
Risk factors	4 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Valuation of Certain U.S Defined Benefit Pension Plan Obligations (“As described in Note G of the consolidated financial statements, the Company's pension plan benefit obligation as of December 31, 2025 was $1,371 million, of which $1,346 million related to U.S. pension plans. The Company’s pension plan benefit obligations are determined using actuarial methodologie”). No longer listed: Goodwill Impairment Assessment - Engineered Structures Reporting Unit	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-14. Quoted as filed.

Howmet may not realize the expected benefits of acquisitions on the anticipated time frame or at all. On December 22, 2025, Howmet entered into a purchase agreement with Stanley Black & Decker, pursuant to which the Company has agreed to purchase CAM for a cash purchase price of approximately $1.8 billion, subject to customary…
10-K, Item 1A

All 4 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: Valuation of Certain U.S Defined Benefit Pension Plan Obligations (“As described in Note G of the consolidated financial statements, the Company's pension plan benefit obligation as of December 31, 2025 was $1,371 million, of which $1,346 million related to U.S. pension plans. The Company’s pension plan benefit obligations are determined using actuarial methodologie”). No longer listed: Goodwill Impairment Assessment - Engineered Structures Reporting Unit
✓
Receivables +13.1% vs revenue +11.1% (+2.0 pts)
✓
Cash from operations $1.9B vs net income $1.5B (FY ending 2025-12-31)
✓
Inventory +0.5% vs revenue +11.1% (-10.6 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 29, 20268-K Quarterly results 8-K item 2.02
Oct 29, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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