Howmet Aerospace Inc. logo HWM - Howmet Aerospace Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 20
HOLD 3
SELL 1
STRONG
SELL 0
| PRICE TARGET: $297.36 DETAILS
HIGH: $330.00
LOW: $228.00
MEDIAN: $300.00
CONSENSUS: $297.36
UPSIDE: 10.72%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Revenue
Revenue 2,313 2,168 2,089 2,053 1,942 1,891 1,835 1,880 1,824 1,731 1,658 1,648 1,603 1,513 1,433 1,393 1,324 1,285 1,283 1,195 1,209 1,238 1,134 1,253 1,634 1,134 1,794 1,818 3,541 3,472 3,524 3,573 3,445 3,271 3,236 3,261 3,192 2,962 5,212 3,234 3,055 2,991 5,573 5,897 5,819 23,906 6,239 5,836 5,454
Cost of Revenue 1,459 1,485 1,437 1,434 1,359 1,350 1,321 1,356 1,357 1,280 1,254 1,263 1,229 1,150 1,096 1,052 1,011 984 995 927 932 915 961 992 1,254 968 1,387 1,413 2,955 2,994 3,049 3,075 2,938 2,764 2,770 2,725 2,625 2,508 4,533 2,533 2,400 2,437 4,559 4,663 4,443 19,137 14,164 9,260 4,495
Gross Profit 854 683 652 619 583 541 514 524 467 451 404 385 374 363 337 341 313 301 288 268 277 323 173 261 380 166 407 405 586 478 475 498 507 507 466 536 567 454 679 701 655 554 1,014 1,234 1,376 4,769 (7,925) (3,424) 959
Operating Expenses
R&D Expenses 9 10 10 9 8 7 9 7 10 9 9 9 9 9 7 9 7 4 4 4 5 4 5 4 4 5 6 7 22 26 25 29 23 28 24 29 28 39 38 32 31 46 55 68 55 218 158 101 51
SG&A Expenses 111 96 100 96 85 77 85 97 88 83 87 88 75 63 73 83 69 61 70 55 65 58 66 74 79 66 89 102 178 140 134 158 172 146 152 200 221 269 220 239 205 210 261 224 232 995 724 481 236
Other Expenses 0 0 0 (7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17 12 0 0 0 0 0 0 0 0
Operating Expenses 120 106 110 98 93 84 94 104 98 92 96 97 84 72 80 92 76 65 74 59 70 62 71 78 83 71 95 109 200 166 159 187 195 174 176 229 249 308 258 404 369 450 316 292 287 1,213 882 582 287
Operating Income
Operating Income 734 577 542 521 490 457 420 420 369 359 308 288 290 291 257 249 237 236 214 209 207 261 102 183 297 95 312 296 386 312 316 311 312 333 290 307 318 146 421 283 286 161 44 140 195 268 263 (67) (274)
Interest Expense 43 37 37 38 39 40 44 49 49 52 54 55 57 57 57 57 58 58 63 89 72 76 77 144 84 77 85 86 85 87 88 89 114 98 100 183 115 128 133 124 121 129 123 124 122 473 126 105 120
Interest Income 0 7 5 4 4 5 4 6 5 8 5 5 5 3 2 1 0 0 1 1 0 0 1 0 4 4 5 5 10 7 6 4 6 6 5 4 0 0 5 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 829 540 604 576 554 505 466 452 419 390 364 365 346 272 226 307 295 203 154 266 253 214 133 131 353 133 318 (104) 479 462 478 427 455 (216) 412 589 732 216 783 648 613 298 585 658 864 2,433 821 670 66
EBIT 755 467 532 507 485 432 398 383 352 322 296 298 277 205 161 240 229 136 86 199 185 147 65 58 282 65 248 (182) 342 313 337 283 313 (357) 272 452 599 83 467 300 282 161 267 339 543 970 0 0 (274)
Income Before Tax 708 430 495 469 446 392 354 334 303 270 242 243 220 148 104 183 171 78 23 110 113 71 (12) (86) 198 (12) 163 (268) 257 226 249 194 199 (455) 172 269 484 (45) 333 176 161 (18) 144 215 421 497 263 (67) (274)
Income Tax Expense 128 58 110 62 102 78 22 68 60 34 54 50 72 37 24 36 40 1 (4) 36 33 (35) (48) (2) 45 (48) 105 (132) 70 8 88 74 56 272 53 57 162 1,236 147 123 51 175 100 75 226 320 200 1 (77)
Net Income 580 372 385 407 344 314 332 266 243 236 188 193 148 111 80 147 131 77 27 74 80 106 36 (96) 215 36 95 (121) 187 218 161 120 143 (727) 119 212 322 (1,190) 166 135 16 (210) 44 140 195 268 63 (68) (197)
Per Share Data
EPS (Basic) 1.45 0.93 0.96 1.01 0.85 0.77 0.81 0.65 0.59 0.57 0.45 0.47 0.36 0.27 0.19 0.35 0.31 0.18 0.06 0.17 0.18 0.24 0.08 -0.22 0.49 0.08 0.22 -0.27 0.40 0.45 0.33 0.25 0.30 -1.51 0.23 0.44 0.69 -2.85 0.38 0.31 0.04 -0.48 0.10 0.34 0.48 0.69 0.16 -0.18 -0.51
EPS (Diluted) 1.44 0.92 0.95 1.00 0.84 0.77 0.81 0.65 0.59 0.57 0.45 0.46 0.35 0.26 0.19 0.35 0.31 0.18 0.06 0.17 0.18 0.24 0.08 -0.22 0.49 0.08 0.21 -0.27 0.39 0.44 0.32 0.24 0.29 -1.51 0.22 0.43 0.65 -2.85 0.37 0.30 0.04 -0.48 0.10 0.34 0.47 0.68 0.16 -0.17 -0.50
Shares Outstanding 401 402 403 405 405 406 408 408 410 411.2 412 413 412 413.7 415 417 419 425.7 429 432 434 432 436 436 435 432.8 436 445 471 483.2 483 483 482 481.3 442 441 440 438.5 438.5 438.5 438.5 436.7 419.7 407.3 407.0 387.3 387.3 387.3 387.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Current Assets
Cash & Cash Equivalents 2,435 742 660 545 536 564 475 753 534 610 424 535 537 791 453 537 520 720 724 715 1,238 1,610 1,365 1,281 2,591 1,577 1,321 1,357 1,319 2,277 1,535 1,455 1,205 2,150 1,815 1,785 2,553 1,863 1,863 1,929 (1,362) 1,362 1,739 1,311 1,191 1,877 3,272 1,183 665
Short-Term Investments 0 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,465 1,466 2,724 0 1,647 1,928 1,931 1,944 1,946 1,979 1,949
Net Receivables 940 796 901 902 901 709 775 768 803 692 727 671 671 537 600 550 529 420 465 416 435 357 430 527 1,534 932 1,773 1,795 1,816 1,498 1,658 1,637 1,663 1,374 1,523 1,527 1,510 1,451 2,133 1,595 0 1,354 1,525 1,558 1,469 1,395 1,480 1,381 1,379
Inventory 1,975 1,849 1,975 1,964 1,902 1,840 1,902 1,848 1,783 1,765 1,748 1,715 1,662 1,609 1,612 1,563 1,483 1,402 1,420 1,456 1,453 1,488 1,592 1,673 2,512 1,607 2,555 2,606 2,612 2,492 2,622 2,659 2,648 2,480 2,453 2,416 2,328 2,253 3,455 3,438 3,549 2,284 3,559 3,160 3,173 3,082 3,138 3,227 3,067
Other Current Assets 307 392 289 283 215 249 239 235 221 249 1 1 1 206 1 1 2 0 0 1 0 0 0 0 0 1,442 0 0 0 0 0 0 0 0 0 0 0 491 2,375 1,260 0 2,556 1,769 1,800 1,889 0 1,333 998 1,084
Total Current Assets 5,657 3,779 3,824 3,694 3,554 3,362 3,391 3,603 3,340 3,316 3,111 3,128 3,057 3,143 2,846 2,837 2,782 2,737 2,820 2,799 3,328 3,672 3,600 3,702 6,948 5,843 5,908 6,018 6,053 6,581 6,132 6,075 5,895 6,378 6,148 6,033 6,710 5,886 9,368 8,093 1,362 7,953 8,592 7,829 7,722 8,269 9,689 7,387 6,765
Non-Current Assets
Property, Plant & Equipment 2,614 2,593 2,551 2,526 2,440 2,541 2,358 2,464 2,440 2,456 2,296 2,319 2,321 2,332 2,288 2,340 2,400 2,467 2,483 2,515 2,524 2,592 2,552 2,558 5,358 5,463 5,377 5,517 5,727 5,704 5,645 5,582 5,628 5,594 5,526 5,507 5,473 5,494 15,122 34,441 34,421 5,425 14,752 15,274 15,288 16,426 36,747 37,897 37,405
Goodwill 4,078 4,022 4,058 4,065 4,028 4,010 4,047 4,016 4,020 4,035 4,007 4,026 4,024 4,013 3,965 4,012 4,053 4,067 4,077 4,090 4,086 4,102 4,072 4,051 4,457 4,493 4,460 4,500 4,509 4,500 4,517 4,518 4,573 4,535 5,246 5,215 5,170 5,148 5,384 5,396 5,402 5,249 5,443 5,232 5,050 5,247 3,389 3,435 3,423
Intangible Assets 451 457 462 467 470 475 484 489 498 505 507 513 518 521 523 534 543 549 554 557 563 571 584 589 647 658 668 686 912 919 954 963 990 987 0 0 0 988 0 0 0 1,104 0 0 0 0 0 0 0
Long-Term Investments 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 446 1,020 1,465 1,466 1,684 193 1,647 1,928 1,931 1,944 1,946 1,979 1,949
Other Non-Current Assets 232 288 249 263 248 96 239 75 74 70 200 195 195 192 201 211 202 215 221 230 243 234 269 269 502 514 605 624 680 416 474 455 458 481 1,293 1,271 1,274 1,244 3,035 (38,659) (45,607) 15,245 3,888 3,806 3,218 2,759 (41,674) (43,119) (42,563)
Total Non-Current Assets 7,410 7,400 7,353 7,352 7,218 7,157 7,167 7,076 7,070 7,112 7,055 7,105 7,117 7,112 7,083 7,215 7,347 7,482 7,537 7,580 7,643 7,774 7,739 7,661 11,517 11,736 11,576 11,895 12,308 12,112 12,195 12,144 12,324 12,340 13,089 13,073 13,447 14,155 28,080 5,396 (1,362) 28,524 27,995 28,758 27,972 29,130 3,389 3,435 3,423
Total Assets 13,067 11,179 11,177 11,046 10,772 10,519 10,558 10,679 10,410 10,428 10,166 10,233 10,174 10,255 9,929 10,052 10,129 10,219 10,357 10,379 10,971 11,446 11,339 11,363 18,465 17,578 17,484 17,913 18,361 18,693 18,327 18,219 18,219 18,718 19,237 19,106 20,157 20,041 37,448 13,489 13,067 36,477 36,587 36,587 35,694 37,399 13,078 10,822 10,188
Current Liabilities
Account Payables 1,058 845 957 1,028 991 948 917 971 964 982 894 881 877 962 812 814 777 732 646 632 596 599 521 632 1,799 976 1,988 2,095 2,193 2,129 2,061 2,024 1,874 1,839 1,656 1,667 1,597 1,744 2,739 2,665 2,657 1,510 2,734 3,009 2,934 3,152 2,979 3,023 2,853
Short-Term Debt 636 191 42 5 7 6 1 782 206 206 0 0 0 0 1 1 3 5 14 13 489 376 384 391 1,342 1,034 1,434 434 435 434 42 45 45 38 55 48 47 40 773 33 812 41 136 26 26 29 57 133 53
Deferred Revenue 129 147 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,074 2,752 2,738 0 2,265 2,518 2,485 2,754 2,981 3,243 3,209
Other Current Liabilities 372 168 241 403 374 439 515 423 399 431 397 344 366 365 413 342 311 348 403 391 414 456 491 478 706 1,867 826 863 820 726 730 726 703 748 791 742 748 727 1,771 38 (652) 3,387 12 2,171 2,104 (394) 2,318 2,686 2,361
Total Current Liabilities 2,315 1,771 1,625 1,600 1,548 1,549 1,517 2,358 1,698 1,784 1,454 1,410 1,403 1,482 1,381 1,322 1,255 1,253 1,208 1,227 1,680 1,660 1,577 1,658 4,107 4,126 4,460 3,621 3,659 3,520 3,014 2,977 2,802 2,824 2,677 2,658 2,587 2,749 5,500 5,488 5,555 5,211 5,147 5,206 5,064 5,541 5,354 5,842 5,267
Non-Current Liabilities
Long-Term Debt 4,050 2,859 3,310 3,253 3,317 3,309 3,393 2,877 3,486 3,500 3,794 3,989 3,988 4,162 4,170 4,169 4,228 4,227 4,272 4,227 4,224 4,699 4,697 4,695 5,777 4,906 4,905 5,901 5,899 5,896 6,315 6,312 6,309 6,806 6,802 6,796 8,046 8,044 9,501 774 772 8,786 9,091 8,713 8,711 8,769 35 87 85
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,180 1,196 977 1,022 995 988 1,145 1,046 1,140 1,010 963 982 943 927 1,025 1,058 1,111 1,150 1,298 1,234 1,405 1,407 1,564 1,561 3,596 3,732 3,409 3,525 3,625 3,692 3,623 3,712 3,826 4,164 3,797 3,899 4,029 4,104 0 15,348 15,452 8,349 0 0 0 0 16,598 15,674 15,879
Total Non-Current Liabilities 5,230 4,055 4,409 4,404 4,432 4,416 4,538 4,044 4,626 4,607 4,840 5,048 5,010 5,172 5,275 5,309 5,417 5,458 5,570 5,554 5,629 6,206 6,261 6,256 9,561 8,832 8,314 9,426 9,524 9,588 9,938 10,024 10,135 10,970 10,599 10,695 12,075 12,148 9,501 3,426 3,411 17,135 9,091 8,713 8,711 8,769 2,912 2,972 3,025
Total Liabilities 7,545 5,826 6,034 6,004 5,980 5,965 6,055 6,402 6,324 6,391 6,294 6,458 6,413 6,654 6,656 6,631 6,672 6,711 6,778 6,781 7,309 7,866 7,838 7,914 13,668 12,957 12,774 13,047 13,183 13,108 12,952 13,001 12,937 13,794 13,276 13,353 14,662 14,879 25,673 21,610 21,779 22,346 23,993 24,273 24,120 25,093 21,987 21,603 21,231
Stockholders' Equity
Common Stock 401 402 403 404 404 405 407 408 408 410 412 412 412 412 414 416 418 422 428 429 434 433 434 436 436 433 434 440 453 483 483 483 483 481 442 441 441 438 438 1,391 1,391 1,391 1,391 1,304 1,304 1,304 1,267 1,267 1,267
Retained Earnings 4,625 4,093 3,722 3,434 3,068 2,766 2,453 2,186 1,942 1,720 1,485 1,334 1,159 1,028 917 863 725 603 534 517 443 364 258 223 335 129 (179) (256) (134) (358) (943) (1,073) (1,164) (1,248) (519) (567) (768) (1,226) 8,940 8,871 8,753 8,834 9,553 9,605 9,520 9,379 9,276 9,163 9,061
Accumulated Other Comprehensive Income (1,691) (1,673) (1,754) (1,749) (1,830) (1,878) (1,798) (1,858) (1,861) (1,830) (1,850) (1,808) (1,806) (1,841) (2,111) (1,992) (1,864) (1,863) (1,911) (1,884) (1,941) (1,943) (1,929) (1,968) (3,369) (3,329) (2,928) (2,869) (2,852) (2,926) (2,544) (2,556) (2,386) (2,644) (2,327) (2,454) (2,498) (2,568) (5,858) (5,215) 11,988 (5,431) (5,532) (4,966) (5,591) (4,677) (3,836) (3,168) (3,301)
Total Stockholders' Equity 5,522 5,353 5,143 5,042 4,792 4,554 4,503 4,277 4,086 4,037 3,872 3,775 3,761 3,601 3,273 3,421 3,457 3,508 3,579 3,598 3,662 3,580 3,501 3,449 4,783 4,607 4,696 4,854 5,166 5,573 5,361 5,204 5,268 4,910 5,948 5,740 5,482 5,136 11,775 12,335 14,131 12,046 12,594 12,314 11,574 12,306 12,396 11,677 11,391
Total Liabilities & Equity 13,067 11,179 11,177 11,046 10,772 10,519 10,558 10,679 10,410 10,428 10,166 10,233 10,174 10,255 9,929 10,052 10,129 10,219 10,357 10,379 10,971 11,446 11,339 11,363 18,465 17,578 17,484 17,913 18,361 18,693 18,327 18,219 18,219 18,718 19,237 19,106 20,157 20,041 37,448 13,489 14,131 36,477 36,587 36,587 35,694 37,399 13,078 10,822 10,188
Debt Metrics
Total Debt 4,686 3,050 3,474 3,428 3,483 3,471 3,394 3,817 3,692 3,835 3,909 4,100 4,100 4,277 4,282 4,284 4,341 4,346 4,286 4,369 4,713 5,213 5,081 5,086 7,377 6,205 6,339 6,335 6,334 6,330 6,357 6,357 6,354 6,844 6,857 6,844 8,093 8,084 10,274 807 812 8,827 9,227 8,739 8,737 8,798 92 220 138
Net Debt 2,251 2,308 2,814 2,883 2,947 2,907 2,919 3,064 3,159 3,225 3,485 3,565 3,563 3,486 3,829 3,747 3,821 3,626 3,562 3,654 3,475 3,603 3,716 3,805 4,786 4,628 5,018 4,978 5,015 4,053 4,822 4,902 5,149 4,694 5,042 5,059 5,540 6,221 8,411 (1,122) 2,174 7,465 7,488 7,428 7,546 6,921 (3,180) (963) (527)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Operating Activities
Net Income 580 372 385 407 344 314 332 266 243 236 188 193 148 111 80 147 131 77 27 74 80 106 36 (96) 215 309 95 (121) 187 218 161 120 143 (727) 119 212 322 (1,253) 186 178 11 (197) 44 140 195 268 63 (68) (197)
Depreciation & Amortization 74 73 72 69 69 73 68 69 67 68 68 67 69 67 65 67 66 67 68 67 68 67 68 74 129 129 131 139 137 149 141 144 142 915 136 (133) 133 258 282 384 309 321 318 320 321 1,372 346 350 340
Stock-Based Compensation 21 14 20 25 14 9 16 23 15 11 13 12 14 11 14 18 11 13 14 8 6 10 12 10 13 16 17 17 10 7 14 14 15 8 11 20 28 13 18 29 26 0 0 0 26 0 0 0 25
Change in Working Capital (162) 169 (26) (65) (206) 101 220 (40) (198) 113 (127) (81) (250) 211 (114) (111) (214) 88 (182) (80) (171) (32) (37) (101) (685) 18 (307) (291) (599) 90 (302) (119) (677) 11 (73) (8) (546) 399 (177) (217) (817) (703) 822 (35) (70) (1,607) 2,790 47 634
Other Non-Cash Items (75) 84 17 16 14 (33) (364) 44 18 14 14 12 11 34 14 13 33 44 131 11 1 23 29 138 18 17 74 448 (1) 26 (11) (12) (77) (283) (18) (19) (257) 53 (14) (50) 127 1,496 (737) (21) (624) 1,606 (3,334) (214) (1,548)
Operating Cash Flow 453 654 531 446 253 480 244 397 177 458 191 229 23 455 65 158 55 303 67 85 (6) 151 118 31 (291) 506 52 106 (258) 426 51 176 (436) 334 172 79 (300) 662 306 332 (430) 865 420 472 (175) 1,674 0 0 (764)
Investing Activities
Capital Expenditure (94) (124) (329) (102) (119) (102) (82) (55) (82) (55) (59) (41) (64) (45) (42) (44) (62) (61) (47) (36) (55) (47) (119) (32) (69) (171) (111) (136) (168) (271) (209) (171) (117) (236) (131) (126) (103) (311) (286) (277) (251) (398) (268) (267) (247) (1,219) 0 0 (209)
Acquisitions (118) 0 0 0 0 0 (8) 1 7 1 1 0 0 16 0 41 1 0 0 8 0 0 0 0 114 0 0 0 0 0 0 0 0 10 131 0 0 10 286 277 0 0 301 0 (204) (2,385) 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 (3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1) (1) 0 43 (15) (1) (7) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 2 2 13 0 0 0 0 0 0 2 0 0 0 0 0 0 0 1 0 5 0 0 0 0 0 26 0 0 47 0 0 0 9 0 2 0 888 14 5 256 19 0 0 0 0 0 0 0 30
Other Investing Activities 224 0 212 5 4 (5) 10 0 0 3 0 0 0 0 1 (1) 0 23 97 114 58 166 144 65 49 440 228 265 163 625 274 288 137 267 (129) 196 244 0 (221) 56 238 (57) 27 48 (14) 120 (15) (2) 152
Investing Cash Flow 14 (122) (104) (97) (115) (107) (80) (54) (75) (52) (58) (41) (64) (29) (41) (4) (61) (37) 50 91 3 119 25 33 94 295 117 129 42 354 65 117 29 41 (128) 69 1,029 (244) (231) 311 (1) (455) 60 (219) (465) (3,484) (15) (2) (27)
Financing Activities
Net Debt Issuance 1,650 (130) (63) (76) (1) (60) (292) (23) 0 (101) (200) 0 (176) (10) 0 (63) (3) (56) 48 (476) (363) (9) (6) (861) 1,202 (401) (3) 0 0 (11) (3) 0 (496) (15) 7 (820) 8 (761) (6) (4) (2) 0 0 0 0 0 0 0 0
Stock Repurchased (300) (255) (200) (175) (125) (190) (100) (60) (150) (100) (25) (100) (25) (65) (100) (60) (175) (205) (25) (200) 0 (22) (51) 0 0 (50) (200) (200) (700) 0 0 0 0 0 0 0 0 0 0 0 0 (180) (428) (120) (1,191) (1,877) 0 0 0
Dividends Paid (48) (50) (48) (41) (42) (33) (34) (21) (21) (21) (17) (18) (17) (17) (9) (9) (9) (8) (10) (1) (1) (1) 0 (1) (9) (9) (9) (10) (29) (30) (29) (30) (30) (30) (44) (43) (45) (57) (57) (57) (57) 0 0 0 (54) 0 0 0 (33)
Other Financing Activities (76) (14) (3) (47) 1 (2) (15) (20) (7) (1) (1) (74) (2) 1 (1) 17 (14) (1) (119) (30) (11) 2 (5) (560) (78) 36 2 9 (12) 0 (2) (6) (28) (2) 0 (53) (6) 414 (80) (39) (48) (230) (52) (133) 28 2,250 2,140 281 43
Financing Cash Flow 1,226 (449) (314) (339) (167) (284) (441) (123) (178) (222) (243) (189) (214) (89) (106) (137) (194) (270) (106) (700) (367) (30) (62) (1,422) 1,145 (424) (202) (201) (741) (40) (32) (35) (542) (45) (15) (912) (43) (404) (143) (100) (107) (230) (52) (133) (26) 2,250 2,140 281 10
Cash Position
Net Change in Cash 1,693 82 114 9 (28) 90 (277) 219 (77) 185 (111) (2) (254) 338 (84) 16 (200) (4) 10 (523) (372) 243 83 (1,358) 940 379 (36) 34 (956) 740 82 252 (945) 335 30 (764) 690 0 (66) 545 (535) 180 428 120 (686) 440 2,089 518 (772)
Cash at Beginning 743 660 546 537 565 475 752 534 611 425 536 538 792 454 538 522 722 726 716 1,239 1,611 1,368 1,285 2,643 1,703 1,324 1,360 1,326 2,282 1,542 1,460 1,208 2,153 1,815 1,785 2,553 1,863 1,863 1,929 1,384 1,919 1,739 1,311 1,191 1,877 1,437 1,183 665 1,437
Cash at End 2,436 742 660 546 537 565 475 753 534 610 425 536 538 792 454 538 522 722 726 716 1,239 1,611 1,368 1,285 2,643 1,703 1,324 1,360 1,326 2,282 1,542 1,460 1,208 2,150 1,815 1,785 2,553 1,863 1,863 1,929 1,384 1,919 1,739 1,311 1,191 1,877 3,272 1,183 665
Free Cash Flow 359 530 202 344 134 378 162 342 95 403 132 188 (41) 410 23 114 (7) 242 20 49 (61) 104 (1) (1) (360) 335 (59) (30) (426) 155 (158) 5 (553) 98 41 (47) (403) 351 20 55 (681) 467 152 205 (422) 455 0 0 (973)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 2,313 2,168 2,089 2,053 1,942 1,891 1,835 1,880 1,824 1,731 1,658 1,648 1,603 1,513 1,433 1,393 1,324 1,285 1,283 1,195 1,209 1,238 1,134 1,253 1,634 1,134 1,794 1,818 3,541 3,472 3,524 3,573 3,445 3,271 3,236 3,261 3,192 2,962 5,212 3,234 3,055 2,991 5,573 5,897 5,819 23,906 6,239 5,836 5,454
Gross Profit 854 683 652 619 583 541 514 524 467 451 404 385 374 363 337 341 313 301 288 268 277 323 173 261 380 166 407 405 586 478 475 498 507 507 466 536 567 454 679 701 655 554 1,014 1,234 1,376 4,769 (7,925) (3,424) 959
Operating Income 734 577 542 521 490 457 420 420 369 359 308 288 290 291 257 249 237 236 214 209 207 261 102 183 297 95 312 296 386 312 316 311 312 333 290 307 318 146 421 283 286 161 44 140 195 268 263 (67) (274)
Net Income 580 372 385 407 344 314 332 266 243 236 188 193 148 111 80 147 131 77 27 74 80 106 36 (96) 215 36 95 (121) 187 218 161 120 143 (727) 119 212 322 (1,190) 166 135 16 (210) 44 140 195 268 63 (68) (197)
EPS (Diluted) 1.44 0.92 0.95 1.00 0.84 0.77 0.81 0.65 0.59 0.57 0.45 0.46 0.35 0.26 0.19 0.35 0.31 0.18 0.06 0.17 0.18 0.24 0.08 -0.22 0.49 0.08 0.21 -0.27 0.39 0.44 0.32 0.24 0.29 -1.51 0.22 0.43 0.65 -2.85 0.37 0.30 0.04 -0.48 0.10 0.34 0.47 0.68 0.16 -0.17 -0.50
Balance Sheet
Cash & Equivalents 2,435 742 660 545 536 564 475 753 534 610 424 535 537 791 453 537 520 720 724 715 1,238 1,610 1,365 1,281 2,591 1,577 1,321 1,357 1,319 2,277 1,535 1,455 1,205 2,150 1,815 1,785 2,553 1,863 1,863 1,929 (1,362) 1,362 1,739 1,311 1,191 1,877 3,272 1,183 665
Total Assets 13,067 11,179 11,177 11,046 10,772 10,519 10,558 10,679 10,410 10,428 10,166 10,233 10,174 10,255 9,929 10,052 10,129 10,219 10,357 10,379 10,971 11,446 11,339 11,363 18,465 17,578 17,484 17,913 18,361 18,693 18,327 18,219 18,219 18,718 19,237 19,106 20,157 20,041 37,448 13,489 13,067 36,477 36,587 36,587 35,694 37,399 13,078 10,822 10,188
Total Debt 4,686 3,050 3,474 3,428 3,483 3,471 3,394 3,817 3,692 3,835 3,909 4,100 4,100 4,277 4,282 4,284 4,341 4,346 4,286 4,369 4,713 5,213 5,081 5,086 7,377 6,205 6,339 6,335 6,334 6,330 6,357 6,357 6,354 6,844 6,857 6,844 8,093 8,084 10,274 807 812 8,827 9,227 8,739 8,737 8,798 92 220 138
Stockholders' Equity 5,522 5,353 5,143 5,042 4,792 4,554 4,503 4,277 4,086 4,037 3,872 3,775 3,761 3,601 3,273 3,421 3,457 3,508 3,579 3,598 3,662 3,580 3,501 3,449 4,783 4,607 4,696 4,854 5,166 5,573 5,361 5,204 5,268 4,910 5,948 5,740 5,482 5,136 11,775 12,335 14,131 12,046 12,594 12,314 11,574 12,306 12,396 11,677 11,391
Cash Flow
Operating Cash Flow 453 654 531 446 253 480 244 397 177 458 191 229 23 455 65 158 55 303 67 85 (6) 151 118 31 (291) 506 52 106 (258) 426 51 176 (436) 334 172 79 (300) 662 306 332 (430) 865 420 472 (175) 1,674 0 0 (764)
Capital Expenditure (94) (124) (329) (102) (119) (102) (82) (55) (82) (55) (59) (41) (64) (45) (42) (44) (62) (61) (47) (36) (55) (47) (119) (32) (69) (171) (111) (136) (168) (271) (209) (171) (117) (236) (131) (126) (103) (311) (286) (277) (251) (398) (268) (267) (247) (1,219) 0 0 (209)
Free Cash Flow 359 530 202 344 134 378 162 342 95 403 132 188 (41) 410 23 114 (7) 242 20 49 (61) 104 (1) (1) (360) 335 (59) (30) (426) 155 (158) 5 (553) 98 41 (47) (403) 351 20 55 (681) 467 152 205 (422) 455 0 0 (973)