Howmet Aerospace (HWM)财务
NYSE · Industrials · Aerospace & Defense · 员工25,430人 · CEO John C. Plant
- 股价
- $199.36 -3.20%
- 市值
- $795亿
- 企业价值
- $834亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-11 EPS预期 $1.45
营收(TTM)$97.3亿+22.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)29.0%+3.8 百分点 对比去年同期营业利润 $28.2亿
净利润(TTM)$20.5亿+41.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)$19.3亿+82.4% 对比去年同期资本支出 $4.69亿
稀释EPS(TTM)$5.11+43.5% 对比去年同期最近4个季度之和
净现金-$39.4亿-40.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $795亿 EV $834亿
- 营收
- $97.3亿 过去12个月
- 营收增速
- +24% FY2026年一致预期
- 净利润率
- 21.1% 净利润 / 营收,TTM
- P/E
- 38.9× 预期 36.5×(FY2026)
- P/S
- 8.2× 股价 / 营收,TTM
- EV / EBITDA
- 27.7× TTM
- 自由现金流
- $19.3亿 过去12个月
- 净利润
- $20.5亿 过去12个月
- 营收预期
- $103亿 FY2026年一致预期
- 盈利
- 2027-02-11 营收预期 $27.4亿
- 股息
- $0.50 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期4.3%,EPS 超预期6.6%营收$27亿,预期$25.9亿(+4.3%);EPS $1.46,预期$1.37(+6.6%)。
- 营收增长加速:同比29.4%Q3 '26营收$27亿,此前四个季度的平均值为17.9%。
- 营业利润率29.0%(TTM),较去年同期+3.8 百分点营收增长22.0%,营业利润增长40.2%。
- 税前利润的12.4%被营业外亏损吞噬税前利润$25.1亿,营业利润$28.2亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的4.8%(去年为8.2%)最近4个季度投入$4.69亿(同比-28.1%)。自由现金流$19.3亿,相当于净利润的94.0%。
- 股东回报$15.6亿 = 自由现金流的80.7%回购$13.6亿(去年为$6.9亿),股息$2.03亿,股权激励$9400万(TTM)。
- 稀释股数一年内减少1.2%Q3 '26稀释股数4亿,一年前为4.05亿。
- 净债务 $39.4亿现金 + 短期投资 $5.07亿,含租赁债务 $44.4亿;一年前净债务 $28.1亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $27亿 | $20.9亿 | +29.4% |
| 毛利率 | 37.1% | 31.2% | +5.9 百分点 |
| 营业利润 | $7.77亿 | $5.42亿 | +43.4% |
| 营业利润率 | 28.7% | 25.9% | +2.8 百分点 |
| 净利润 | $5.67亿 | $3.85亿 | +47.3% |
| 稀释EPS | $1.42 | $0.95 | +49.5% |
| 经营现金流 | $7.09亿 | $5.31亿 | +33.5% |
| 资本支出 | $1.47亿 | $3.29亿 | -55.3% |
| 自由现金流 | $5.62亿 | $2.02亿 | +178.2% |
| R&D | $1100万 | $1000万 | +10.0% |
| 股权激励费用 | $2300万 | $2000万 | +15.0% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $27亿 | $25.9亿 | +4.3% |
| EPS(一致预期口径) | $1.46 | $1.37 | +6.6% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Engine Products Segment | $14.5亿 | +31.4% | 69.8% | – | – | |
| Engine Products | – | – | – | – | – | |
| Fastening Systems | $6.3亿 | +40.6% | 30.2% | $21.5亿 | +26.7% | |
| Forged Wheels | – | – | – | – | – | |
| Engineered Structures | – | – | – | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $24亿
- 资本支出
- -$4.69亿
- 股票回购
- -$13.6亿
- 股息
- -$2.03亿
- 收购
- -$19.3亿
- 债务净发行
- $8.24亿
- 股权激励费用
- $9400万
- 自由现金流
- $19.3亿
- 股东回报 / FCF
- 80.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 38.9× | 42.2× | 29.3× – 55.0× |
| EV / EBITDA | 27.7× | 23.4× | 17.4× – 35.7× |
| EV / 营收 | 8.6× | 5.5× | 3.5× – 10.3× |
| 股价 / FCF | 41.2× | 44.3× | 30.4× – 57.9× |
| 股价 / 净资产 | 13.8× | 7.9× | 3.9× – 15.5× |
| FCF收益率 | 2.4% | 2.4% | 1.7% – 3.3% |
| 投入资本回报率 | 20.1% | 12.1% | 7.7% – 17.5% |
| 净资产收益率 | 36.7% | 18.6% | 7.4% – 28.2% |
分析师
一致目标价 $328.10 (+64.6%)
区间 $290.00 – $370.00 · 评级 Buy
强烈买入0
买入21
持有3
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $103亿 | +24.3% | $5.46 | +47.1% | 36.5× | 12 |
| FY2027 | $117亿 | +13.8% | $6.61 | +21.1% | 30.2× | 13 |
| FY2028 | $131亿 | +12.1% | $7.87 | +19.1% | 25.3× | 15 |
| FY2029 | $146亿 | +11.2% | $8.89 | +13.0% | 22.4× | 9 |
| FY2030 | $154亿 | +6.0% | $9.86 | +10.9% | 20.2× | 6 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Howmet Aerospace Inc.在近期10-Q / 10-K文件中标记的全部299项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $9.69亿 | $9.57亿 | +1.3% | $8.45亿 | $9.48亿 | -10.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $11.2亿 | $8.84亿 | +26.2% | $7.79亿 | $6.89亿 | +13.1% |
| Accounts Receivable, Allowance for Credit Loss, Current | $0 | $0 | – | $0 | $0 | – |
| Accrual for Environmental Loss Contingencies | $1800万 | $1700万 | +5.9% | $1600万 | $1900万 | -15.8% |
| Accrual for Environmental Loss Contingencies, Payments | $100万 | $100万 | 0.0% | $500万 | $200万 | +150.0% |
| Accrued Environmental Loss Contingencies, Current | $800万 | $700万 | +14.3% | $700万 | $1000万 | -30.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$17亿 | -$17.5亿 | +3.4% | -$16.7亿 | -$18.8亿 | +10.9% |
| Additional Paid in Capital | $14.4亿 | $27.2亿 | -47.1% | $25.3亿 | $32.1亿 | -21.1% |
| Amortization of Intangible Assets | – | – | – | $3200万 | $3300万 | -3.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2300万 | $2000万 | +15.0% | $7300万 | $6300万 | +15.9% |
| Asset Impairment Charges | – | – | – | $0 | $200万 | -100.0% |
| Assets | $133亿 | $112亿 | +18.8% | $112亿 | $105亿 | +6.3% |
| Assets, Current | $41.2亿 | $38.2亿 | +7.7% | $37.8亿 | $33.6亿 | +12.4% |
| Capital Expenditures Incurred but Not yet Paid | $3200万 | -$1300万 | +346.2% | $6800万 | $9700万 | -29.9% |
| Cash and Cash Equivalents, at Carrying Value | $5.07亿 | $6.59亿 | -23.1% | $7.42亿 | $5.64亿 | +31.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $5.08亿 | $6.6亿 | -23.0% | $7.43亿 | $5.65亿 | +31.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$5600万 | $1.14亿 | -149.1% | $1.78亿 | -$4500万 | +495.6% |
| Commercial Paper | $02025-12-31 | $0 | – | $0 | $0 | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 4700万2025-12-31 | 2400万 | +95.8% | 4700万 | 2400万 | +95.8% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.122025-12-31 | $0.08 | +50.0% | $0.44 | $0.26 | +69.2% |
| Common Stock, Dividends, Per Share, Declared | $0.14 | $0.24 | -41.7% | $0.44 | $0.26 | +69.2% |
| Common Stock, Par or Stated Value Per Share | $1.002025-12-31 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 6亿2025-12-31 | 6亿 | 0.0% | 6亿 | 6亿 | 0.0% |
| Common Stock, Shares, Issued | 4.02亿2025-12-31 | 4.05亿 | -0.9% | 4.02亿 | 4.05亿 | -0.9% |
| Common Stock, Shares, Outstanding | 3.98亿 | 4.03亿 | -1.2% | 4.02亿 | 4.05亿 | -0.8% |
| Common Stock, Value, Issued | $3.98亿 | $4.03亿 | -1.2% | $4.02亿 | $4.05亿 | -0.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $5.69亿 | $3.8亿 | +49.7% | $17.1亿 | $11.1亿 | +54.7% |
| Contract with Customer, Liability | $2.53亿2025-12-31 | $6000万 | +321.7% | $2.53亿 | $6000万 | +321.7% |
| Contract with Customer, Liability, Current | $1.47亿2025-12-31 | – | – | $1.47亿 | – | – |
| Contract with Customer, Liability, Noncurrent | $1.06亿2025-12-31 | – | – | $1.06亿 | – | – |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $17亿 | $13.7亿 | +24.5% | $54.3亿 | $51.2亿 | +6.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1.81亿 | $7000万 | +158.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.16亿 | $9800万 | +18.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $3.15亿 | $1.72亿 | +83.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1800万 | $400万 | +350.0% |
| Debt Securities, Available-for-sale, Sold at Par Value | $02025-12-31 | – | – | $1000万 | $0 | – |
| Debt, Current | $3.91亿 | – | – | – | – | – |
| Debt, Long-term and Short-term, Combined Amount | $44.4亿 | – | – | – | – | – |
| DebtSecuritiesHeldToMaturityFairValueCurrent | $400万2025-09-30 | – | – | – | – | – |
| DebtSecuritiesHeldToMaturityFairValueNoncurrent | $200万2025-09-30 | – | – | – | – | – |
| Deferred Compensation Arrangement with Individual, Compensation Expense | $0 | $400万 | -100.0% | $1500万 | $1500万 | 0.0% |
| Deferred Credits and Other Liabilities, Noncurrent | $7.25亿 | $5.74亿 | +26.3% | $6.12亿 | $4.28亿 | +43.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3400万 | $4300万 | -20.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1500万 | $1700万 | -188.2% |
| Deferred Income Tax Assets, Net | $4800万 | $3100万 | +54.8% | $4000万 | $3500万 | +14.3% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $1700万 | $5600万 | -69.6% |
| Deferred Income Taxes and Tax Credits | $3900万 | $6300万 | -38.1% | $1700万 | $5500万 | -69.1% |
| Deferred Revenue | $3.97亿 | – | – | $1.25亿2010-12-31 | $1.32亿 | -5.3% |
| Deferred Revenue, Current | $2.04亿 | – | – | $1.47亿 | $6000万 | +145.0% |
| Deferred Revenue, Noncurrent | $1.93亿 | – | – | $8400万2015-12-31 | $9300万 | -9.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$200万 | -$400万 | +50.0% |
| Deferred Tax Assets, Deferred Income | $5200万2025-12-31 | $4600万 | +13.0% | $5200万 | $4600万 | +13.0% |
| Deferred Tax Assets, Derivative Instruments | $900万2025-12-31 | $0 | – | $900万 | $0 | – |
| Deferred Tax Assets, Gross | $24.2亿2025-12-31 | $24.3亿 | -0.5% | $24.2亿 | $24.3亿 | -0.5% |
| Deferred Tax Assets, in Process Research and Development | $6300万2025-12-31 | $7300万 | -13.7% | $6300万 | $7300万 | -13.7% |
| Deferred Tax Assets, Net of Valuation Allowance | $6.7亿2025-12-31 | $7.27亿 | -7.8% | $6.7亿 | $7.27亿 | -7.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $19.5亿2025-12-31 | $19.4亿 | +0.5% | $19.5亿 | $19.4亿 | +0.5% |
| Deferred Tax Assets, Other | $700万2025-12-31 | $1100万 | -36.4% | $700万 | $1100万 | -36.4% |
| Deferred Tax Assets, Property, Plant and Equipment | $400万2025-12-31 | $800万 | -50.0% | $400万 | $800万 | -50.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $9800万2025-12-31 | $1.1亿 | -10.9% | $9800万 | $1.1亿 | -10.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01