Howmet Aerospace Inc (HWM) - Net Assets
Based on the latest financial reports, Howmet Aerospace Inc (HWM) has net assets worth $5.52 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.07 Billion) and total liabilities ($7.54 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Howmet Aerospace Inc's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.52 Billion |
| % of Total Assets | 42.26% |
| Annual Growth Rate | -3.17% |
| 5-Year Change | 52.59% |
| 10-Year Change | 3.7% |
| Growth Volatility | 56.33 |
Howmet Aerospace Inc - Net Assets Trend (2002–2025)
This chart illustrates how Howmet Aerospace Inc's net assets have evolved over time, based on quarterly financial data. See Howmet Aerospace Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Howmet Aerospace Inc (2002–2025)
The table below shows the annual net assets of Howmet Aerospace Inc from 2002 to 2025. For live valuation and market cap data, see HWM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.35 Billion | +17.55% |
| 2024-12-31 | $4.55 Billion | +12.81% |
| 2023-12-31 | $4.04 Billion | +12.11% |
| 2022-12-31 | $3.60 Billion | +2.65% |
| 2021-12-31 | $3.51 Billion | -2.01% |
| 2020-12-31 | $3.58 Billion | -22.53% |
| 2019-12-31 | $4.62 Billion | -17.26% |
| 2018-12-31 | $5.58 Billion | +13.42% |
| 2017-12-31 | $4.92 Billion | -4.61% |
| 2016-12-31 | $5.16 Billion | -63.47% |
| 2015-12-31 | $14.13 Billion | +14.83% |
| 2014-12-31 | $12.31 Billion | +203.97% |
| 2013-12-31 | $-11.84 Billion | -9.73% |
| 2012-12-31 | $-10.79 Billion | -177.91% |
| 2011-12-31 | $13.84 Billion | +1.71% |
| 2010-12-31 | $13.61 Billion | +225.57% |
| 2009-12-31 | $-10.84 Billion | -4.63% |
| 2008-12-31 | $-10.36 Billion | -39.33% |
| 2007-12-31 | $-7.43 Billion | -36.95% |
| 2006-12-31 | $-5.43 Billion | -38.53% |
| 2005-12-31 | $-3.92 Billion | -1.55% |
| 2004-12-31 | $-3.86 Billion | -128.77% |
| 2003-12-31 | $13.41 Billion | +19.56% |
| 2002-12-31 | $11.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Howmet Aerospace Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 44.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.09 Billion | 76.46% |
| Common Stock | $402.00 Million | 7.51% |
| Other Comprehensive Income | $-1.67 Billion | -31.25% |
| Other Components | $2.53 Billion | 47.28% |
| Total Equity | $5.35 Billion | 100.00% |
Howmet Aerospace Inc Competitors by Market Cap
The table below lists competitors of Howmet Aerospace Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Newmont Corporation
AU:NEM
|
$108.37 Billion |
|
DBS GROUP ADR/4 SD 1
F:DEV
|
$109.87 Billion |
|
Bank of Nova Scotia
TO:BNS
|
$110.00 Billion |
|
Bristol-Myers Squibb Company
NYSE:BMY
|
$110.27 Billion |
|
Crowdstrike Holdings Inc
NASDAQ:CRWD
|
$108.17 Billion |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
$106.85 Billion |
|
Compagnie Financière Richemont SA
JSE:CFR
|
$106.60 Billion |
|
BP p.l.c
MX:BPN
|
$106.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Howmet Aerospace Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,554,000,000 to 5,353,000,000, a change of 799,000,000 (17.5%).
- Net income of 1,508,000,000 contributed positively to equity growth.
- Dividend payments of 181,000,000 reduced retained earnings.
- Share repurchases of 755,000,000 reduced equity.
- Other comprehensive income increased equity by 205,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.51 Billion | +28.17% |
| Dividends Paid | $181.00 Million | -3.38% |
| Share Repurchases | $755.00 Million | -14.1% |
| Other Comprehensive Income | $205.00 Million | +3.83% |
| Other Changes | $22.00 Million | +0.41% |
| Total Change | $- | 17.55% |
Book Value vs Market Value Analysis
This analysis compares Howmet Aerospace Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 21.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.02x to 21.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $18091.68 | $277.66 | x |
| 2004-12-31 | $-4851.74 | $277.66 | x |
| 2005-12-31 | $-4742.22 | $277.66 | x |
| 2006-12-31 | $-6271.85 | $277.66 | x |
| 2007-12-31 | $-8513.71 | $277.66 | x |
| 2008-12-31 | $-12417.83 | $277.66 | x |
| 2009-12-31 | $-12993.22 | $277.66 | x |
| 2010-12-31 | $12.25 | $277.66 | x |
| 2011-12-31 | $12.46 | $277.66 | x |
| 2012-12-31 | $-14.71 | $277.66 | x |
| 2013-12-31 | $-16.14 | $277.66 | x |
| 2014-12-31 | $28.06 | $277.66 | x |
| 2015-12-31 | $32.22 | $277.66 | x |
| 2016-12-31 | $11.73 | $277.66 | x |
| 2017-12-31 | $10.89 | $277.66 | x |
| 2018-12-31 | $11.08 | $277.66 | x |
| 2019-12-31 | $9.95 | $277.66 | x |
| 2020-12-31 | $8.15 | $277.66 | x |
| 2021-12-31 | $8.06 | $277.66 | x |
| 2022-12-31 | $8.55 | $277.66 | x |
| 2023-12-31 | $9.70 | $277.66 | x |
| 2024-12-31 | $11.11 | $277.66 | x |
| 2025-12-31 | $13.18 | $277.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Howmet Aerospace Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.27%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.09x
- Recent ROE (28.17%) is above the historical average (5.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 6.99% | 0.00% | 0.00x | 2.36x | $-403.50 Million |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $1.70 Billion |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $1.62 Billion |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $2.79 Billion |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $3.31 Billion |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $159.90 Million |
| 2010 | 1.87% | 1.21% | 0.53x | 2.89x | $-1.11 Billion |
| 2011 | 4.41% | 2.45% | 0.62x | 2.90x | $-773.40 Million |
| 2012 | 0.00% | 0.68% | 1.84x | 0.00x | $1.24 Billion |
| 2013 | 0.00% | -9.74% | 2.22x | 0.00x | $-1.06 Billion |
| 2014 | 2.18% | 2.14% | 0.34x | 3.04x | $-962.60 Million |
| 2015 | -2.28% | -2.60% | 0.34x | 2.58x | $-1.74 Billion |
| 2016 | -18.32% | -7.59% | 0.62x | 3.90x | $-1.45 Billion |
| 2017 | -1.51% | -0.57% | 0.69x | 3.81x | $-565.00 Million |
| 2018 | 11.52% | 4.58% | 0.75x | 3.35x | $84.70 Million |
| 2019 | 10.20% | 6.62% | 0.40x | 3.82x | $9.30 Million |
| 2020 | 5.89% | 4.01% | 0.46x | 3.20x | $-147.00 Million |
| 2021 | 7.35% | 5.19% | 0.49x | 2.91x | $-92.80 Million |
| 2022 | 13.02% | 8.28% | 0.55x | 2.85x | $108.90 Million |
| 2023 | 18.95% | 11.52% | 0.64x | 2.58x | $361.30 Million |
| 2024 | 25.36% | 15.55% | 0.71x | 2.31x | $699.60 Million |
| 2025 | 28.17% | 18.27% | 0.74x | 2.09x | $972.70 Million |
Industry Comparison
This section compares Howmet Aerospace Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,232,025,051
- Average return on equity (ROE) among peers: -3.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Howmet Aerospace Inc (HWM) | $5.52 Billion | 6.99% | 1.37x | $108.25 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $4.25 Billion |
| AAR Corp (AIR) | $1.03 Billion | 7.61% | 0.52x | $4.68 Billion |
| Air Industries Group (AIRI) | $17.77 Million | -126.93% | 2.42x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $623.00 Million | -4.10% | 0.18x | $219.09 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $3.04 Billion |
| Astronics Corporation (ATRO) | $42.94 Million | 10.60% | 0.57x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $233.42 Million | 8.87% | 0.21x | $8.52 Billion |
| AEVEX Corp. (AVEX) | $164.27 Million | 47.82% | 2.39x | $928.62 Million |
| Axon Enterprise Inc. (AXON) | $27.43 Million | 16.24% | 0.15x | $34.13 Billion |
| The Boeing Company (BA) | $15.00 Billion | 30.57% | 5.18x | $174.71 Billion |
About Howmet Aerospace Inc
Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seam… Read more