| Academy Award Nominations and Winners: |
| ✓ | Best Picture |
| ✓ | Best Director: William Wyler |
| ✓ | Best Actor: Fredric March |
| ✓ | Best Supporting Actor: Harold Russell |
| ✓ | Best Screenplay: Robert E. Sherwood |
| ✓ | Best Film Editing: Daniel Mandell |
| ✓ | Best Original Score (Drama or Comedy): Hugo Friedhofer |
| ✓ | Best Sound: Franklin Milton |
| ✓ | Best Visual Effects: A. Arnold Gillespie, Robert MacDonald, and Milo B. Lory |
| Best Sound: Gordon Sawyer |
| ✓ | Honorary Award: Harold Russell |
|
| Golden Globe Nominations and Winners: |
| ✓ | Best Picture (Drama) |
| ✓ | Special Award (Non-Professional Acting): Harold Russell |
|
| Other Awards: |
| New York Film Critics Circle: Best Picture; Best Director |
| National Board of Review: Best Director |