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Dec 31, 2025
Howmet Aerospace Q4 2025 Earnings Report
Howmet Aerospace reported strong fourth quarter and full year 2025 results, with record revenue, profit, and cash from operations, driven by growth in commercial aerospace, defense aerospace, and gas turbines markets.
Key Takeaways
Howmet Aerospace delivered an exceptional fourth quarter and a strong full year in 2025, achieving record revenue, profit, and cash from operations. The company saw significant growth across its commercial aerospace, defense aerospace, and gas turbines markets, leading to increased adjusted EBITDA and EPS.
Record fourth quarter 2025 revenue of $2.2 billion, up 15% year over year, driven by commercial aerospace growth of 13%.
Fourth quarter 2025 GAAP EPS of $0.92, up 19% year over year, and Adjusted EPS of $1.05, up 42% year over year.
Generated $654 million of cash from operations and $530 million of free cash flow in the fourth quarter 2025.
Repurchased $200 million of common stock in the fourth quarter 2025 and a record $700 million for the full year 2025.
Revenue by Segment
Forward Guidance
Howmet Aerospace expects continued growth in 2026, with revenue guidance of approximately 10% and improved profit and cash generation, driven by strong market conditions in aerospace and gas turbines.
Positive Outlook
- FY 2026 revenue growth guidance at approximately 10%.
- Expect improved profit and cash generation in FY 2026.
- Vast majority of markets served are in a growth phase.
- Commercial aerospace continues to benefit from rising passenger demand and record OEM backlog.
- Gas turbines business entering its largest growth phase in years with high demand for electricity generation.
Challenges Ahead
- Commercial transportation market shows signs of stabilizing, with Q1 2026 anticipated to be the quarterly low point.
- No specific negative financial guidance provided, but market conditions can be volatile.
- Potential for supply chain disruptions or other operational issues.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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