Howmet Aerospace (HWM) Q3 2025 Earnings
How Did HWM Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +0.25%.
Did HWM Beat Earnings? Q3 2025 Results
Yes. Howmet Aerospace reported Q3 2025 earnings of $0.95 a share on Oct 30, 2025, beating the $0.91 consensus estimate by 4.5%. Revenue was $2.1B against a $2.0B estimate.
Howmet Aerospace posted a strong third quarter, reporting adjusted EPS of $0.95 against a consensus estimate of $0.91, a beat of 4.48%, while revenue of $2.09 billion topped the $2.04 billion consensus by 2.15% and grew 13.8% year over year, accelerating sharply from the 8% pace seen in the first half of 2025. The primary engine behind the outperformance was the Engine Products segment, which generated $1.10 billion in third-party revenue, up 17% year over year, fueled by commercial aerospace, defense, and industrial gas turbine demand. Operating income margin expanded 300 basis points to 25.9%, while adjusted EBITDA climbed 26% to $614 million, and free cash flow reached a robust $423 million. The company raised full-year 2025 guidance across all metrics, targeting an adjusted EPS baseline of $3.67 and revenue of approximately $8.19 billion, and introduced 2026 revenue guidance of roughly $9 billion, representing approximately 10% growth, supported by commercial aircraft backlogs, defense demand, and data center-driven industrial gas turbine growth.
- Commercial aerospace market growth of 15% year over year
- Defense aerospace market growth of 24% year over year
- Industrial and other market growth of 18% year over year
- Engine spares growth in Engine Products segment
- Productivity gains in Fastening Systems driving 480 basis point EBITDA margin expansion
- Cost reductions in Forged Wheels offsetting 16% lower commercial transportation volumes
- Operating income margin expansion of 300 basis points year over year to 25.9%
“The Howmet team drove a very strong third quarter, with results exceeding the high end of guidance on all metrics. Notably, revenue growth accelerated to 14% year over year, versus 8% growth in the first half, driven by healthy demand across the commercial aerospace, defense aerospace, and industrial and other markets. Adjusted EBITDA Margin was solid at 29.4%, up 290 basis points year over year. Free Cash Flow was $423 million after $108 million of capital expenditures, as Howmet continues to invest in growth, which is backed by customer contracts.”
Howmet Aerospace CEO, on the earnings call
What Was Howmet Aerospace's Outlook in Q3 2025?
Howmet raised full-year 2025 guidance on all metrics. FY 2025 revenue guidance: baseline ~$8.185B (range ~$8.175B to ~$8.195B). FY 2025 Adjusted EBITDA: baseline ~$2.375B (range ~$2.370B to ~$2.380B). FY 2025 Adjusted EBITDA Margin: 29.0%. FY 2025 Adjusted EPS: baseline $3.67 (range $3.66 to $3.68). FY 2025 Free Cash Flow: baseline $1.300B (range $1.275B to $1.325B). Q4 2025 guidance: revenue baseline $2.100B, Adj. EBITDA baseline $610M, Adj. EPS baseline $0.95. For FY 2026, the company introduced revenue guidance of approximately $9 billion, up ~10% year over year, supported by strong commercial aircraft backlogs, growing defense demand, and data center-driven industrial gas turbine growth, partially offset by continued weakness in commercial transportation.
HWM YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $2.1B | $1.8B | +13.8% |
| Gross Profit | $724.0M | $514.0M | +40.9% |
| Operating Income | $542.0M | $420.0M | +29.1% |
| Net Income | $385.0M | $332.0M | +16.0% |
HWM Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.