HWM Howmet Aerospace Inc.
NYSE, CIK 0000004281, fiscal year ends 12/31. Last price 185.91 on 2026-10-23, market value 74.1 billion dollars.
Machine-readable: HWM.json, HWM.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.
| Philosophy | Score | Status | Current inputs as of | History used | Price | Verification | Rules |
|---|---|---|---|---|---|---|---|
| Graham Defensive | 37 | ok | 2025-12-31 stale: Revenue |
2013–2025 | 2026-10-23 | 10 verified, 4 mismatch, 21 unverified | method |
| Magic Formula | 36 | ok | 2025-12-31 stale: operating_income_q, debt_incl_current |
— | 2026-10-23 | — | method |
| Momentum | 44 | ok | 2026-10-23 | — | 2026-10-23 | — | method |
| Insider | 0 | no open-market transactions in window | 2026-10-23 | — | — | — | method |
| Buffett Quality | 70 | ok | 2025-12-31 stale: debt_incl_current |
2016–2025 | 2026-10-23 | 0 verified, 48 unverified | method |
| Lynch GARP | 19 partial, missing 1, 2, 5 |
partial: 1, 2, 5 | 2025-12-31 stale: debt_incl_current |
2025–2025 | 2026-10-23 | 0 verified, 5 unverified | method |
| Graham Enterprising | 45 partial, missing 5 |
partial: 5 | 2025-12-31 stale: debt_incl_current |
2021–2025 | 2026-10-23 | 0 verified, 10 unverified | method |
| Piotroski F-Score | 89 | ok | — | 2024–2026 | — | 0 verified, 27 unverified | method |
Market value, source trail
| Input | Value | Unit | Period / date | Source |
|---|---|---|---|---|
| Traded price | 185.91 | USD per traded unit (share or ADS) | 2026-10-23 | Yahoo Finance |
| SEC shares outstanding | 398,801,399 | underlying shares | 2026-08-03 | SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm 0000004281-26-000025 |
| Depositary ratio | 1.0 | underlying shares per traded unit | domestic 10-K filer; SEC shares are the traded units | |
| Market value price date × latest reported shares | 74,141,168,088 | USD | 2026-10-23 shares at 2026-08-03 | 185.91 (price 2026-10-23) / 1 x 398,801,399 (shares at 2026-08-03) = 74,141,168,088 |
Graham Defensive
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Adequate size | 8.25 revenue $B | >= 1 | 5.0 / 5 |
| 2a Current ratio | 1.82 | >= 2.0 | 12.3 / 15 |
| 2b Long-term debt vs working capital | 2.15 LTD / WC | <= 1.0 | 0.0 / 15 |
| 3 Positive earnings each of 10 years | 8 of 10 | 10 of 10 | 12.0 / 15 |
| 4 Dividends every year for 20 years 3 year(s) where Yahoo and XBRL disagree | 10 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015 XBRL check: 10 years agree, 3 disagree (2013, 2014, 2015), 7 unverified | 20 of 20 | 7.5 / 15 |
| 5 EPS growth, 3-yr avg now vs 10 yrs ago base period average not positive | -0.87 -> 2.78 | >= +33% | 0.0 / 10 |
| 6 P/E on 3-year average EPS | 66.8 | <= 15 | 0.0 / 15 |
| 7 P/B <= 1.5, or P/E x P/B <= 22.5 | P/B 12.93, product 864.0 | <= 1.5 or <= 22.5 | 0.0 / 10 |
Inputs, 37 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 185.91 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| Revenue | 8252000000.0 | 2025-12-31 stale | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| current_assets | 4193000000.0 | 2026-06-30 | SEC XBRL AssetsCurrent 0000004281-26-000025 | unverified |
| current_liabilities | 2306000000.0 | 2026-06-30 | SEC XBRL LiabilitiesCurrent 0000004281-26-000025 | unverified |
| lt_debt | 4050000000.0 | 2026-06-30 | SEC XBRL LongTermDebtNoncurrent 0000004281-26-000025 | unverified |
| equity | 5732000000.0 | 2026-06-30 | SEC XBRL StockholdersEquity 0000004281-26-000025 | unverified |
| Net income FY2016 | -941000000.0 | 2016-12-31 history | SEC XBRL NetIncomeLoss 0000004281-19-000031 | unverified |
| Net income FY2017 | -74000000.0 | 2017-12-31 history | SEC XBRL NetIncomeLoss 0000004281-20-000038 | unverified |
| Net income FY2018 | 642000000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0000004281-21-000049 | unverified |
| Net income FY2019 | 470000000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0000004281-22-000004 | unverified |
| Net income FY2020 | 261000000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0000004281-23-000004 | unverified |
| Net income FY2021 | 258000000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-24-000007 | unverified |
| Net income FY2022 | 469000000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-25-000011 | unverified |
| Net income FY2023 | 765000000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Net income FY2024 | 1155000000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Net income FY2025 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Dividend years (Yahoo) | [2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] | history | Yahoo Finance dividend history | mismatch |
| Dividends per share FY2013 (XBRL) | 0.12 | 2013-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0001193125-16-470162 | mismatch |
| Dividends per share FY2014 (XBRL) | 0.12 | 2014-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0001193125-17-062657 | mismatch |
| Dividends per share FY2015 (XBRL) | 0.12 | 2015-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-18-000042 | mismatch |
| Dividends per share FY2016 (XBRL) | 0.36 | 2016-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-19-000031 | verified |
| Dividends per share FY2017 (XBRL) | 0.24 | 2017-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-20-000038 | verified |
| Dividends per share FY2018 (XBRL) | 0.24 | 2018-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-21-000049 | verified |
| Dividends per share FY2019 (XBRL) | 0.12 | 2019-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-22-000004 | verified |
| Dividends per share FY2020 (XBRL) | 0.02 | 2020-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-23-000004 | verified |
| Dividends per share FY2021 (XBRL) | 0.04 | 2021-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-24-000007 | verified |
| Dividends per share FY2022 (XBRL) | 0.1 | 2022-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-25-000011 | verified |
| Dividends per share FY2023 (XBRL) | 0.17 | 2023-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-26-000012 | verified |
| Dividends per share FY2024 (XBRL) | 0.26 | 2024-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-26-000012 | verified |
| Dividends per share FY2025 (XBRL) | 0.44 | 2025-12-31 history | SEC XBRL CommonStockDividendsPerShareDeclared 0000004281-26-000012 | verified |
| EPS diluted FY2014 | 0.63 | 2014-12-31 history | SEC XBRL EarningsPerShareDiluted 0001193125-17-062657 | unverified |
| EPS diluted FY2015 | -0.93 | 2015-12-31 history | SEC XBRL EarningsPerShareDiluted 0000004281-18-000042 | unverified |
| EPS diluted FY2016 | -2.31 | 2016-12-31 history | SEC XBRL EarningsPerShareDiluted 0000004281-19-000031 | unverified |
| EPS diluted FY2023 | 1.83 | 2023-12-31 history | SEC XBRL EarningsPerShareDiluted 0000004281-26-000012 | unverified |
| EPS diluted FY2024 | 2.81 | 2024-12-31 history | SEC XBRL EarningsPerShareDiluted 0000004281-26-000012 | unverified |
| EPS diluted FY2025 | 3.71 | 2025-12-31 history | SEC XBRL EarningsPerShareDiluted 0000004281-26-000012 | unverified |
| Shares outstanding | 398801399.0 | 2026-08-03 | SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm 0000004281-26-000025 | not cross-checked |
Magic Formula
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (3,500,000,000) - cash | 3.24 % (rank 144) | ||
| Return on capital (EBIT/(NWC+PPE)) net working capital 1,887,000,000 used as reported | 53.04 % (rank 80) | ||
| Combined rank | 224 |
Inputs, 14 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| operating_income | 2046000000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-26-000012 | not cross-checked |
| operating_income_q | 753000000.0 | 2026-03-31 stale | SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0000004281-26-000019 | not cross-checked |
| operating_income_q | 494000000.0 | 2025-03-31 history | SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0000004281-26-000019 | not cross-checked |
| operating_income_q | 711000000.0 | 2026-06-30 | SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0000004281-26-000025 | not cross-checked |
| operating_income_q | 521000000.0 | 2025-06-30 history | SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0000004281-26-000025 | not cross-checked |
| current_assets | 4193000000.0 | 2026-06-30 | SEC XBRL AssetsCurrent 0000004281-26-000025 | not cross-checked |
| current_liabilities | 2306000000.0 | 2026-06-30 | SEC XBRL LiabilitiesCurrent 0000004281-26-000025 | not cross-checked |
| cash | 563000000.0 | 2026-06-30 | SEC XBRL CashAndCashEquivalentsAtCarryingValue 0000004281-26-000025 | not cross-checked |
| ppe_net | 2817000000.0 | 2026-06-30 | SEC XBRL PropertyPlantAndEquipmentNet 0000004281-26-000025 | not cross-checked |
| debt_incl_current | 3050000000.0 | 2025-12-31 stale | SEC XBRL LongTermDebt 0000004281-26-000012 | not cross-checked |
| debt_short | 450000000.0 | 2026-06-30 | SEC XBRL ShortTermBorrowings 0000004281-26-000025 | not cross-checked |
| shares_out | 398801399.0 | 2026-08-03 | SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm 0000004281-26-000025 | not cross-checked |
| Price (close) | 185.91 | 2026-10-23 | Yahoo Finance / Alpaca Market Data | not cross-checked |
| note | debt = LongTermDebt (incl. current maturities) + short-term borrowings | not cross-checked |
Momentum
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 12-1 month return | 14.6 % (percentile 60.5) | 30.2 / 50 | |
| 6 month return | -24.4 % (percentile 6.9) | 1.4 / 20 | |
| Price / 52-week high | 0.635 | 9.5 / 15 | |
| Volatility penalty (60d annualised) | 41.0 % | 3.2 / 15 |
Inputs, 1 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Adjusted close series (14 months) | 185.91 | 2026-10-23 | Yahoo Finance / Alpaca Market Data daily history | not cross-checked |
Insider
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| Open-market buy value / market cap (percentile among buyers) | 0.0 bp | 0.0 / 35 | |
| Distinct buyers | 0 | 0.0 / 25 | |
| Buyer seniority | 0.0 | 0.0 / 20 | |
| Recency (half-life 30d) | 0.0 | 0.0 / 10 | |
| Sales penalty (excludes 10b5-1 plan sales) | 0.0 bp | -0.0 / 0 |
Inputs, 0 numbers with their sources
| Input | Value | Period | Source | Check |
|---|
Buffett Quality
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Average return on equity (net income / year-end equity) | 15.2% over 8 yrs | >= 15% | 25.0 / 25 |
| 2 Profitable every year | 8 of 10 | all years | 12.0 / 15 |
| 3 Net income growth, 3-yr average now vs start of window growth rate undefined | base or latest average not positive | >= +10% | 0.0 / 10 |
| 4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities) + short-term borrowings | 3.1 years | <= 4 | 15.0 / 15 |
| 5 Operating margin, 5-yr average | 19.2% | >= 20% | 9.4 / 10 |
| 6 Free cash flow / net income, 5-yr (operating cash flow minus capex) | 0.93 | >= 1.0 | 8.7 / 10 |
| 7 Owner-earnings yield (3-yr avg free cash flow / market cap) | 1.4% | >= 7% | 0.0 / 15 |
Inputs, 50 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 185.91 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| Net income FY2018 | 642000000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0000004281-21-000049 | unverified |
| Equity at FY2018 end | 5573000000.0 | 2018-12-31 history | SEC XBRL StockholdersEquity 0000004281-20-000038 | unverified |
| Net income FY2019 | 470000000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0000004281-22-000004 | unverified |
| Equity at FY2019 end | 4591000000.0 | 2019-12-31 history | SEC XBRL StockholdersEquity 0000004281-21-000049 | unverified |
| Net income FY2020 | 261000000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0000004281-23-000004 | unverified |
| Equity at FY2020 end | 3577000000.0 | 2020-12-31 history | SEC XBRL StockholdersEquity 0000004281-24-000007 | unverified |
| Net income FY2021 | 258000000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-24-000007 | unverified |
| Equity at FY2021 end | 3508000000.0 | 2021-12-31 history | SEC XBRL StockholdersEquity 0000004281-25-000011 | unverified |
| Net income FY2022 | 469000000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-25-000011 | unverified |
| Equity at FY2022 end | 3601000000.0 | 2022-12-31 history | SEC XBRL StockholdersEquity 0000004281-26-000012 | unverified |
| Net income FY2023 | 765000000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Equity at FY2023 end | 4037000000.0 | 2023-12-31 history | SEC XBRL StockholdersEquity 0000004281-26-000012 | unverified |
| Net income FY2024 | 1155000000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Equity at FY2024 end | 4554000000.0 | 2024-12-31 history | SEC XBRL StockholdersEquity 0000004281-26-000025 | unverified |
| Net income FY2025 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Equity at FY2025 end | 5353000000.0 | 2025-12-31 history | SEC XBRL StockholdersEquity 0000004281-26-000025 | unverified |
| Net income FY2016 | -941000000.0 | 2016-12-31 history | SEC XBRL NetIncomeLoss 0000004281-19-000031 | unverified |
| Net income FY2017 | -74000000.0 | 2017-12-31 history | SEC XBRL NetIncomeLoss 0000004281-20-000038 | unverified |
| Net income FY2018 | 642000000.0 | 2018-12-31 history | SEC XBRL NetIncomeLoss 0000004281-21-000049 | unverified |
| Net income FY2019 | 470000000.0 | 2019-12-31 history | SEC XBRL NetIncomeLoss 0000004281-22-000004 | unverified |
| Net income FY2020 | 261000000.0 | 2020-12-31 history | SEC XBRL NetIncomeLoss 0000004281-23-000004 | unverified |
| Net income FY2021 | 258000000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-24-000007 | unverified |
| Net income FY2022 | 469000000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-25-000011 | unverified |
| Net income FY2023 | 765000000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Net income FY2024 | 1155000000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Net income FY2025 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| debt_incl_current | 3050000000.0 | 2025-12-31 stale | SEC XBRL LongTermDebt 0000004281-26-000012 | unverified |
| debt_short | 450000000.0 | 2026-06-30 | SEC XBRL ShortTermBorrowings 0000004281-26-000025 | unverified |
| Operating income FY2021 | 748000000.0 | 2021-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-24-000007 | unverified |
| Revenue FY2021 | 4972000000.0 | 2021-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-24-000007 | unverified |
| Operating income FY2022 | 919000000.0 | 2022-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-25-000011 | unverified |
| Revenue FY2022 | 5663000000.0 | 2022-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-25-000011 | unverified |
| Operating income FY2023 | 1203000000.0 | 2023-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-26-000012 | unverified |
| Revenue FY2023 | 6640000000.0 | 2023-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| Operating income FY2024 | 1633000000.0 | 2024-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-26-000012 | unverified |
| Revenue FY2024 | 7430000000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| Operating income FY2025 | 2046000000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-26-000012 | unverified |
| Revenue FY2025 | 8252000000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| Operating cash flow FY2021 | 449000000.0 | 2021-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-24-000007 | unverified |
| Capital expenditure FY2021 | 199000000.0 | 2021-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000004281-24-000007 | unverified |
| Operating cash flow FY2022 | 733000000.0 | 2022-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-25-000011 | unverified |
| Capital expenditure FY2022 | 193000000.0 | 2022-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000004281-25-000011 | unverified |
| Operating cash flow FY2023 | 901000000.0 | 2023-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-26-000012 | unverified |
| Capital expenditure FY2023 | 219000000.0 | 2023-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000004281-26-000012 | unverified |
| Operating cash flow FY2024 | 1298000000.0 | 2024-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-26-000012 | unverified |
| Capital expenditure FY2024 | 321000000.0 | 2024-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000004281-26-000012 | unverified |
| Operating cash flow FY2025 | 1884000000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-26-000012 | unverified |
| Capital expenditure FY2025 | 453000000.0 | 2025-12-31 history | SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000004281-26-000012 | unverified |
| Shares outstanding | 398801399.0 | 2026-08-03 | SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm 0000004281-26-000025 | not cross-checked |
Lynch GARP
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 PEG: P/E divided by 5-yr EPS growth (in % points) needs diluted EPS for the last fiscal year and five years earlier | — | <= 1.0 | None / 30 |
| 2 EPS growth, 5-yr compound rate needs diluted EPS for the last fiscal year and five years earlier | — | 12% to 35% a year | None / 20 |
| 3 P/E on latest annual EPS | 50.1 | <= 25 | 0.0 / 10 |
| 4 Borrowings / equity LongTermDebt (incl. current maturities) + short-term borrowings | 0.61 | <= 0.5 | 13.3 / 15 |
| 5 Years of the last 5 in which EPS rose needs six consecutive fiscal years of diluted EPS | — | 5 of 5 | None / 15 |
| 6 Net cash (cash minus borrowings) / market cap | -4.0% | >= +10% | 6.0 / 10 |
Inputs, 6 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 185.91 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| EPS diluted FY2025 | 3.71 | 2025-12-31 history | SEC XBRL EarningsPerShareDiluted 0000004281-26-000012 | unverified |
| debt_incl_current | 3050000000.0 | 2025-12-31 stale | SEC XBRL LongTermDebt 0000004281-26-000012 | unverified |
| debt_short | 450000000.0 | 2026-06-30 | SEC XBRL ShortTermBorrowings 0000004281-26-000025 | unverified |
| equity | 5732000000.0 | 2026-06-30 | SEC XBRL StockholdersEquity 0000004281-26-000025 | unverified |
| cash | 563000000.0 | 2026-06-30 | SEC XBRL CashAndCashEquivalentsAtCarryingValue 0000004281-26-000025 | unverified |
Graham Enterprising
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Current ratio | 1.82 | >= 1.5 | 15.0 / 15 |
| 2 Borrowings vs working capital LongTermDebt (incl. current maturities) + short-term borrowings | 1.85 x | <= 1.1x | 4.7 / 15 |
| 3 No earnings deficit in the last 5 years | 5 of 5 profitable | 5 of 5 | 15.0 / 15 |
| 4 Pays a current dividend | yes | yes | 10.0 / 10 |
| 5 EPS higher than five years earlier needs diluted EPS for the last fiscal year and five years earlier | — | higher | None / 10 |
| 6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets) | 12.93 | <= 1.2 | 0.0 / 20 |
| 7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive | — | <= 0.67 | 0.0 / 15 |
Inputs, 13 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| Price (close, per traded unit) | 185.91 | 2026-10-23 | Alpaca Market Data (consolidated SIP daily bar) | not cross-checked |
| current_assets | 4193000000.0 | 2026-06-30 | SEC XBRL AssetsCurrent 0000004281-26-000025 | unverified |
| current_liabilities | 2306000000.0 | 2026-06-30 | SEC XBRL LiabilitiesCurrent 0000004281-26-000025 | unverified |
| debt_incl_current | 3050000000.0 | 2025-12-31 stale | SEC XBRL LongTermDebt 0000004281-26-000012 | unverified |
| debt_short | 450000000.0 | 2026-06-30 | SEC XBRL ShortTermBorrowings 0000004281-26-000025 | unverified |
| Net income FY2021 | 258000000.0 | 2021-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-24-000007 | unverified |
| Net income FY2022 | 469000000.0 | 2022-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-25-000011 | unverified |
| Net income FY2023 | 765000000.0 | 2023-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Net income FY2024 | 1155000000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Net income FY2025 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| Dividend years (Yahoo) | [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] | history | Yahoo Finance dividend history | not cross-checked |
| equity | 5732000000.0 | 2026-06-30 | SEC XBRL StockholdersEquity 0000004281-26-000025 | unverified |
| Shares outstanding | 398801399.0 | 2026-08-03 | SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm 0000004281-26-000025 | not cross-checked |
Piotroski F-Score
| Test or factor | Value | Threshold | Points |
|---|---|---|---|
| 1 Return on assets is positive | 13.5% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 2 Operating cash flow is positive | 1,884M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 3 Return on assets improved on the prior year | 11.0% -> 13.5% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 4 Operating cash flow exceeds net income (accruals) | 1,884M vs 1,508M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 5 Long-term debt / assets fell | 31.5% -> 25.6% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 6 Current ratio improved | 2.17 -> 2.13 | pass = 1 | 0.0 / 11.11111111111111 |
| 7 No new shares issued (share count did not rise) | 403M -> 399M | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry) | 22.0% -> 24.8% | pass = 1 | 11.11111111111111 / 11.11111111111111 |
| 9 Asset turnover (revenue / assets) improved | 0.71 -> 0.74 | pass = 1 | 11.11111111111111 / 11.11111111111111 |
Inputs, 27 numbers with their sources
| Input | Value | Period | Source | Check |
|---|---|---|---|---|
| net_income 2025-12-31 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| total_assets 2025-12-31 | 11179000000.0 | 2025-12-31 history | SEC XBRL Assets 0000004281-26-000025 | unverified |
| cfo 2025-12-31 | 1884000000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-26-000012 | unverified |
| net_income 2025-12-31 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| net_income 2024-12-31 | 1155000000.0 | 2024-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| total_assets 2025-12-31 | 11179000000.0 | 2025-12-31 history | SEC XBRL Assets 0000004281-26-000025 | unverified |
| total_assets 2024-12-31 | 10519000000.0 | 2024-12-31 history | SEC XBRL Assets 0000004281-26-000012 | unverified |
| cfo 2025-12-31 | 1884000000.0 | 2025-12-31 history | SEC XBRL NetCashProvidedByUsedInOperatingActivities 0000004281-26-000012 | unverified |
| net_income 2025-12-31 | 1508000000.0 | 2025-12-31 history | SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) 0000004281-26-000012 | unverified |
| lt_debt 2025-12-31 | 2859000000.0 | 2025-12-31 history | SEC XBRL LongTermDebtNoncurrent 0000004281-26-000025 | unverified |
| lt_debt 2024-12-31 | 3309000000.0 | 2024-12-31 history | SEC XBRL LongTermDebtNoncurrent 0000004281-26-000012 | unverified |
| total_assets 2025-12-31 | 11179000000.0 | 2025-12-31 history | SEC XBRL Assets 0000004281-26-000025 | unverified |
| total_assets 2024-12-31 | 10519000000.0 | 2024-12-31 history | SEC XBRL Assets 0000004281-26-000012 | unverified |
| current_assets 2025-12-31 | 3779000000.0 | 2025-12-31 history | SEC XBRL AssetsCurrent 0000004281-26-000025 | unverified |
| current_assets 2024-12-31 | 3362000000.0 | 2024-12-31 history | SEC XBRL AssetsCurrent 0000004281-26-000012 | unverified |
| current_liabilities 2025-12-31 | 1771000000.0 | 2025-12-31 history | SEC XBRL LiabilitiesCurrent 0000004281-26-000025 | unverified |
| current_liabilities 2024-12-31 | 1549000000.0 | 2024-12-31 history | SEC XBRL LiabilitiesCurrent 0000004281-26-000012 | unverified |
| shares_out 2026-08-03 | 398801399.0 | 2026-08-03 history | SEC XBRL EntityCommonStockSharesOutstanding 0000004281-26-000025 | unverified |
| shares_out 2025-07-28 | 403126322.0 | 2025-07-28 history | SEC XBRL EntityCommonStockSharesOutstanding 0000004281-25-000033 | unverified |
| operating_income 2025-12-31 | 2046000000.0 | 2025-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-26-000012 | unverified |
| operating_income 2024-12-31 | 1633000000.0 | 2024-12-31 history | SEC XBRL OperatingIncomeLoss 0000004281-26-000012 | unverified |
| revenue 2025-12-31 | 8252000000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| revenue 2024-12-31 | 7430000000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| revenue 2025-12-31 | 8252000000.0 | 2025-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| revenue 2024-12-31 | 7430000000.0 | 2024-12-31 history | SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0000004281-26-000012 | unverified |
| total_assets 2025-12-31 | 11179000000.0 | 2025-12-31 history | SEC XBRL Assets 0000004281-26-000025 | unverified |
| total_assets 2024-12-31 | 10519000000.0 | 2024-12-31 history | SEC XBRL Assets 0000004281-26-000012 | unverified |
Earnings record
| FY | Ended | Revenue, $M | Net income, $M | EPS diluted | Dividend | Filing |
|---|---|---|---|---|---|---|
| 2013 | 2013-12-31 | -2,285 | -2.14 | none | 0001193125-16-470162 | |
| 2014 | 2014-12-31 | 268 | 0.63 | none | 0001193125-17-062657 | |
| 2015 | 2015-12-31 | -322 | -0.93 | none | 0000004281-18-000042 | |
| 2016 | 2016-12-31 | 12,394 | -941 | -2.31 | paid | 0000004281-19-000031 |
| 2017 | 2017-12-31 | 12,960 | -74 | -0.28 | paid | 0000004281-20-000038 |
| 2018 | 2018-12-31 | 6,778 | 642 | 1.3 | paid | 0000004281-21-000049 |
| 2019 | 2019-12-31 | 7,098 | 470 | 1.03 | paid | 0000004281-22-000004 |
| 2020 | 2020-12-31 | 5,259 | 261 | paid | 0000004281-23-000004 | |
| 2021 | 2021-12-31 | 4,972 | 258 | 0.59 | paid | 0000004281-24-000007 |
| 2022 | 2022-12-31 | 5,663 | 469 | 1.11 | paid | 0000004281-25-000011 |
| 2023 | 2023-12-31 | 6,640 | 765 | 1.83 | paid | 0000004281-26-000012 |
| 2024 | 2024-12-31 | 7,430 | 1,155 | 2.81 | paid | 0000004281-26-000012 |
| 2025 | 2025-12-31 | 8,252 | 1,508 | 3.71 | paid | 0000004281-26-000012 |
Insider transactions
| Date | Insider | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-05-11 | Marchuk Neil Edward | officer | sale | 41,932 | 269.50 | 11,300,674 |
Filings and links
- SEC: filing index, 8-K, Form 4, XBRL companyfacts
- Prices: Yahoo Finance, Stooq
- Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news