# HWM · Howmet Aerospace Inc.

Snapshot 2026-10-26 · CIK 0000004281 · NYSE · Rolling Drawing & Extruding Of Nonferrous Metals

Price 185.91 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 74.14 B

Machine-readable: https://theclaudetrader.com/s/HWM.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 36.8 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2013–2025 · price 2026-10-23 · verification {'verified': 10, 'mismatch': 4, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 8.25 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.82  · threshold >= 2.0 · points 12.3/15
- 2b Long-term debt vs working capital: 2.15 LTD / WC · threshold <= 1.0 · points 0.0/15
- 3 Positive earnings each of 10 years: 8 of 10  · threshold 10 of 10 · points 12.0/15
- 4 Dividends every year for 20 years: 10 of 20  · threshold 20 of 20 · points 7.5/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: -0.87 -> 2.78  · threshold >= +33% · points 0.0/10
- 6 P/E on 3-year average EPS: 66.8  · threshold <= 15 · points 0.0/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 12.93, product 864.0  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 185.91 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 8252000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - current_assets: 4193000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - current_liabilities: 2306000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - lt_debt: 4050000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - equity: 5732000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - Net income FY2016: -941000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428119000031/ · unverified
  - Net income FY2017: -74000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428120000038/ · unverified
  - Net income FY2018: 642000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/ · unverified
  - Net income FY2019: 470000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428122000004/ · unverified
  - Net income FY2020: 261000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428123000004/ · unverified
  - Net income FY2021: 258000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Net income FY2022: 469000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Net income FY2023: 765000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2024: 1155000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2025: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Dividend years (Yahoo): [2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/HWM/history?filter=div · mismatch
  - Dividends per share FY2013 (XBRL): 0.12 · 2013-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000119312516470162/ · mismatch
  - Dividends per share FY2014 (XBRL): 0.12 · 2014-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000119312517062657/ · mismatch
  - Dividends per share FY2015 (XBRL): 0.12 · 2015-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428118000042/ · mismatch
  - Dividends per share FY2016 (XBRL): 0.36 · 2016-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428119000031/ · verified
  - Dividends per share FY2017 (XBRL): 0.24 · 2017-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428120000038/ · verified
  - Dividends per share FY2018 (XBRL): 0.24 · 2018-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/ · verified
  - Dividends per share FY2019 (XBRL): 0.12 · 2019-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428122000004/ · verified
  - Dividends per share FY2020 (XBRL): 0.02 · 2020-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428123000004/ · verified
  - Dividends per share FY2021 (XBRL): 0.04 · 2021-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · verified
  - Dividends per share FY2022 (XBRL): 0.1 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · verified
  - Dividends per share FY2023 (XBRL): 0.17 · 2023-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · verified
  - Dividends per share FY2024 (XBRL): 0.26 · 2024-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · verified
  - Dividends per share FY2025 (XBRL): 0.44 · 2025-12-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · verified
  - EPS diluted FY2014: 0.63 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000119312517062657/ · unverified
  - EPS diluted FY2015: -0.93 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000000428118000042/ · unverified
  - EPS diluted FY2016: -2.31 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000000428119000031/ · unverified
  - EPS diluted FY2023: 1.83 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - EPS diluted FY2024: 2.81 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - EPS diluted FY2025: 3.71 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Shares outstanding: 398801399.0 · 2026-08-03 · SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/R1.htm

### Magic Formula: 35.7 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: operating_income_q, debt_incl_current · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula
-  Earnings yield (EBIT/EV): 3.24 % · threshold  · points /
-  Return on capital (EBIT/(NWC+PPE)): 53.04 % · threshold  · points /
-  Combined rank: 224  · threshold  · points /

Inputs:
  - operating_income: 2046000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/
  - operating_income_q: 753000000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000019/
  - operating_income_q: 494000000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000019/
  - operating_income_q: 711000000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - operating_income_q: 521000000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - current_assets: 4193000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - current_liabilities: 2306000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - cash: 563000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - ppe_net: 2817000000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - debt_incl_current: 3050000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/
  - debt_short: 450000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/
  - shares_out: 398801399.0 · 2026-08-03 · SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/R1.htm
  - Price (close): 185.91 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · 
  - note: debt = LongTermDebt (incl. current maturities) + short-term borrowings ·  ·  · 

### Momentum: 44.3 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 14.6 % · threshold  · points 30.2/50
-  6 month return: -24.4 % · threshold  · points 1.4/20
-  Price / 52-week high: 0.635  · threshold  · points 9.5/15
-  Volatility penalty (60d annualised): 41.0 % · threshold  · points 3.2/15

Inputs:
  - Adjusted close series (14 months): 185.91 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

### Buffett Quality: 70.1 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 48, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 15.2% over 8 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 8 of 10  · threshold all years · points 12.0/15
- 3 Net income growth, 3-yr average now vs start of window: base or latest average not positive  · threshold >= +10% · points 0.0/10
- 4 Borrowings / 3-yr average earnings (years to repay): 3.1 years · threshold <= 4 · points 15.0/15
- 5 Operating margin, 5-yr average: 19.2%  · threshold >= 20% · points 9.4/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.93  · threshold >= 1.0 · points 8.7/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.4%  · threshold >= 7% · points 0.0/15

Inputs:
  - Price (close, per traded unit): 185.91 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 642000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/ · unverified
  - Equity at FY2018 end: 5573000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428120000038/ · unverified
  - Net income FY2019: 470000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428122000004/ · unverified
  - Equity at FY2019 end: 4591000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/ · unverified
  - Net income FY2020: 261000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428123000004/ · unverified
  - Equity at FY2020 end: 3577000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Net income FY2021: 258000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Equity at FY2021 end: 3508000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Net income FY2022: 469000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Equity at FY2022 end: 3601000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2023: 765000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Equity at FY2023 end: 4037000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2024: 1155000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Equity at FY2024 end: 4554000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - Net income FY2025: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Equity at FY2025 end: 5353000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - Net income FY2016: -941000000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428119000031/ · unverified
  - Net income FY2017: -74000000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428120000038/ · unverified
  - Net income FY2018: 642000000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/ · unverified
  - Net income FY2019: 470000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428122000004/ · unverified
  - Net income FY2020: 261000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428123000004/ · unverified
  - Net income FY2021: 258000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Net income FY2022: 469000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Net income FY2023: 765000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2024: 1155000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2025: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - debt_incl_current: 3050000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - debt_short: 450000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - Operating income FY2021: 748000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Revenue FY2021: 4972000000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Operating income FY2022: 919000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Revenue FY2022: 5663000000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Operating income FY2023: 1203000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Revenue FY2023: 6640000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Operating income FY2024: 1633000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Revenue FY2024: 7430000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Operating income FY2025: 2046000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Revenue FY2025: 8252000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Operating cash flow FY2021: 449000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified

### Lynch GARP: 19.3 (partial: 1, 2, 5) · complete: False · missing tests: 1, 2, 5 · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2025–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): None  · threshold <= 1.0 · points None/30
- 2 EPS growth, 5-yr compound rate: None  · threshold 12% to 35% a year · points None/20
- 3 P/E on latest annual EPS: 50.1  · threshold <= 25 · points 0.0/10
- 4 Borrowings / equity: 0.61  · threshold <= 0.5 · points 13.3/15
- 5 Years of the last 5 in which EPS rose: None  · threshold 5 of 5 · points None/15
- 6 Net cash (cash minus borrowings) / market cap: -4.0%  · threshold >= +10% · points 6.0/10

Inputs:
  - Price (close, per traded unit): 185.91 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 3.71 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - debt_incl_current: 3050000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - debt_short: 450000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - equity: 5732000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - cash: 563000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified

### Graham Enterprising: 44.7 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2021–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 10, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.82  · threshold >= 1.5 · points 15.0/15
- 2 Borrowings vs working capital: 1.85 x · threshold <= 1.1x · points 4.7/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: None  · threshold higher · points None/10
- 6 Price / book value per share: 12.93  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 185.91 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 4193000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - current_liabilities: 2306000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - debt_incl_current: 3050000000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - debt_short: 450000000.0 · 2026-06-30 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - Net income FY2021: 258000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/ · unverified
  - Net income FY2022: 469000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/ · unverified
  - Net income FY2023: 765000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2024: 1155000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Net income FY2025: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/HWM/history?filter=div
  - equity: 5732000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - Shares outstanding: 398801399.0 · 2026-08-03 · SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/R1.htm

### Piotroski F-Score: 88.9 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 13.5%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 1,884M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 11.0% -> 13.5%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 1,884M vs 1,508M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 31.5% -> 25.6%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 6 Current ratio improved: 2.17 -> 2.13  · threshold pass = 1 · points 0.0/11.11111111111111
- 7 No new shares issued (share count did not rise): 403M -> 399M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 22.0% -> 24.8%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.71 -> 0.74  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - total_assets 2025-12-31: 11179000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - cfo 2025-12-31: 1884000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - net_income 2025-12-31: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - net_income 2024-12-31: 1155000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - total_assets 2025-12-31: 11179000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - total_assets 2024-12-31: 10519000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - cfo 2025-12-31: 1884000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - net_income 2025-12-31: 1508000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-039940) · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - lt_debt 2025-12-31: 2859000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - lt_debt 2024-12-31: 3309000000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - total_assets 2025-12-31: 11179000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - total_assets 2024-12-31: 10519000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - current_assets 2025-12-31: 3779000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - current_assets 2024-12-31: 3362000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - current_liabilities 2025-12-31: 1771000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - current_liabilities 2024-12-31: 1549000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - shares_out 2026-08-03: 398801399.0 · 2026-08-03 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - shares_out 2025-07-28: 403126322.0 · 2025-07-28 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/4281/000000428125000033/ · unverified
  - operating_income 2025-12-31: 2046000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - operating_income 2024-12-31: 1633000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - revenue 2025-12-31: 8252000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - revenue 2024-12-31: 7430000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - revenue 2025-12-31: 8252000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - revenue 2024-12-31: 7430000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified
  - total_assets 2025-12-31: 11179000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/ · unverified
  - total_assets 2024-12-31: 10519000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 185.91 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 398,801,399 underlying shares, period 2026-08-03, SEC cover page 10-Q 0000004281-26-000025 (398,801,399 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/hwm-20260630.htm, accession 0000004281-26-000025 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000025/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 74,141,168,088 USD; 185.91 (price 2026-10-23) / 1 x 398,801,399 (shares at 2026-08-03) = 74,141,168,088

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2016 (ended 2016-12-31): 12394000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428119000031/
- FY2017 (ended 2017-12-31): 12960000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428120000038/
- FY2018 (ended 2018-12-31): 6778000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/
- FY2019 (ended 2019-12-31): 7098000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428122000004/
- FY2020 (ended 2020-12-31): 5259000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428123000004/
- FY2021 (ended 2021-12-31): 4972000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/
- FY2022 (ended 2022-12-31): 5663000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/
- FY2023 (ended 2023-12-31): 6640000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/
- FY2024 (ended 2024-12-31): 7430000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/
- FY2025 (ended 2025-12-31): 8252000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/

## Net income by fiscal year (SEC XBRL)

- FY2013 (ended 2013-12-31): -2285000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000119312516470162/
- FY2014 (ended 2014-12-31): 268000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000119312517062657/
- FY2015 (ended 2015-12-31): -322000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428118000042/
- FY2016 (ended 2016-12-31): -941000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428119000031/
- FY2017 (ended 2017-12-31): -74000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428120000038/
- FY2018 (ended 2018-12-31): 642000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428121000049/
- FY2019 (ended 2019-12-31): 470000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428122000004/
- FY2020 (ended 2020-12-31): 261000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428123000004/
- FY2021 (ended 2021-12-31): 258000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428124000007/
- FY2022 (ended 2022-12-31): 469000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428125000011/
- FY2023 (ended 2023-12-31): 765000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/
- FY2024 (ended 2024-12-31): 1155000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/
- FY2025 (ended 2025-12-31): 1508000000.0 · https://www.sec.gov/Archives/edgar/data/4281/000000428126000012/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-31): -2.14 [filed -2.14, split factor 1.0]
- FY2014 (ended 2014-12-31): 0.63 [filed 0.63, split factor 1.0]
- FY2015 (ended 2015-12-31): -0.93 [filed -0.93, split factor 1.0]
- FY2016 (ended 2016-12-31): -2.31 [filed -2.31, split factor 1.0]
- FY2017 (ended 2017-12-31): -0.28 [filed -0.28, split factor 1.0]
- FY2018 (ended 2018-12-31): 1.3 [filed 1.3, split factor 1.0]
- FY2019 (ended 2019-12-31): 1.03 [filed 1.03, split factor 1.0]
- FY2021 (ended 2021-12-31): 0.59 [filed 0.59, split factor 1.0]
- FY2022 (ended 2022-12-31): 1.11 [filed 1.11, split factor 1.0]
- FY2023 (ended 2023-12-31): 1.83 [filed 1.83, split factor 1.0]
- FY2024 (ended 2024-12-31): 2.81 [filed 2.81, split factor 1.0]
- FY2025 (ended 2025-12-31): 3.71 [filed 3.71, split factor 1.0]

## Dividend years (Yahoo history)

2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-05-11 S Marchuk Neil Edward (officer) 41932 @ 269.50 = 11300674 · https://www.sec.gov/Archives/edgar/data/4281/000110465926059642/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0000004281
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000004281.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000004281&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000004281&type=8-K
- yahoo: https://finance.yahoo.com/quote/HWM
- stooq: https://stooq.com/q/d/?s=hwm.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=HWM
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=HWM
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/hwm/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/HWM
- openinsider (link only, nothing stored): http://openinsider.com/search?q=HWM
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=HWM+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/HWM; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.