Howmet Aerospace Inc. (HWM) FCF Payout Ratio: 13.51%
Is Howmet Aerospace Inc.’s FCF payout ratio high or low?
Howmet Aerospace Inc.'s FCF payout ratio of 13.51% is 34% above its 4-year average of 10.05%, near the high end of its 4-year range (7.60%–13.51%).
13.51% above its 12-month average of 11.90%.
HWM FCF Payout Ratio Chart
HWM Average FCF Payout Ratio Chart
HWM Current vs Average FCF Payout Ratio Chart
HWM FCF Payout Ratio Metrics
FCF PAYOUT RATIO
13.51%
FCF PAYOUT RATIO AVG TTM
11.90%
FCF PAYOUT RATIO AVG 3Y
10.66%
FCF PAYOUT RATIO AVG 5Y
10.05%
FCF PAYOUT RATIO AVG 10Y
37.15%
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+13.51%
CURRENT VS 3Y AVG
+26.68%
CURRENT VS 5Y AVG
+34.41%
CURRENT VS 10Y AVG
-63.63%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Payout Ratio Comparison
FCF Payout Ratio
13.5%
Earnings Payout Ratio
12.9%
Dividend Yield
0.17%
FCF Yield
1.28%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.43B | $181.00M | 12.6% |
| 2024 | $977.00M | $109.00M | 11.2% |
| 2023 | $682.00M | $73.00M | 10.7% |
| 2022 | $540.00M | $44.00M | 8.1% |
| 2021 | $250.00M | $19.00M | 7.6% |
| 2020 | ($258.00M) | $11.00M | N/A (Loss) |
| 2019 | ($180.00M) | $57.00M | N/A (Loss) |
| 2018 | ($551.00M) | $119.00M | N/A (Loss) |
| 2017 | $105.00M | $162.00M | 154.3% |
| 2016 | ($252.00M) | $228.00M | N/A (Loss) |
| 2015 | $402.00M | $223.00M | 55.5% |
| 2014 | $455.00M | $161.00M | 35.4% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Howmet Aerospace Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Howmet Aerospace Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Howmet Aerospace Inc. (HWM)?
- The FCF payout ratio for HWM stock is 13.51%.
- Is Howmet Aerospace Inc.'s FCF payout ratio high or low?
- Howmet Aerospace Inc.'s FCF payout ratio of 13.51% is 34% above its 4-year average of 10.05%, near the high end of its 4-year range (7.60%–13.51%).
- What is the TTM average FCF payout ratio for Howmet Aerospace Inc. (HWM)?
- The TTM average FCF payout ratio for HWM stock is 11.90%.
- What is the 3Y average FCF payout ratio for Howmet Aerospace Inc. (HWM)?
- The 3Y average FCF payout ratio for HWM stock is 10.66%.
- What is the 5Y average FCF payout ratio for Howmet Aerospace Inc. (HWM)?
- The 5Y average FCF payout ratio for HWM stock is 10.05%.
- What is the 10Y average FCF payout ratio for Howmet Aerospace Inc. (HWM)?
- The 10Y average FCF payout ratio for HWM stock is 37.15%.
Howmet Aerospace Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 12.65% |
| 2024-12-31 | 11.16% |
| 2023-12-31 | 10.70% |
| 2022-12-31 | 8.15% |
| 2021-12-31 | 7.60% |
| 2017-12-31 | 154.29% |
| 2015-12-31 | 55.47% |
| 2014-12-31 | 35.38% |
About Howmet Aerospace Inc.
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, and originally established in 1888 as Arconic Inc., is a global leader in providing sophisticated engineered solutions. The company caters to the aerospace and transportation sectors across a wide international footprint, including key markets such as the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, and China. Its business operations are structured into four main segments: Engine Products: This division manufactures critical components like airfoils and seamless rolled rings, primarily utilized in aircraft engines and industrial gas turbines, alongside various rotating and structural parts. Fastening Systems: This segment specializes in producing aerospace-grade fastening systems, as well as fasteners for commercial transportation, general industrial applications, and other uses. Engineered Structures: Responsible for supplying titanium ingots and mill products for aerospace and defense applications, this segment also provides aluminum and nickel forgings, and precision machined components and assemblies. Forged Wheels: This segment focuses on offering forged aluminum wheels and associated products specifically for the heavy-duty truck and commercial transportation markets.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- John C. Plant