Howmet Aerospace Inc. logo

Howmet Aerospace Inc.

HWM

NYSEIndustrialsAerospace & Defense

Previous close

$271.68

−$1.96 · -0.72%

Aug 21, 4:00 PM ET

Pre-market

$270.81

−$0.87 · -0.32%

Aug 24, 5:00 AM ET

HWM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

36

Expensive

Momentum

57

Neutral

Sentiment

69

Bullish

Risk resilience

73

Moderate Risk

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Company profile

Company website

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.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
John C. Plant
Listed since
Nov 1, 2016
Employees
25,430

Market position

Day range

Current $271.68

52-week range

Current $271.68

Open
$277.02
Previous close
$273.64
Volume
1.21M
0.47× average
Average volume
2.59M
Average daily volume
Market cap
108.7B USD
Beta
1.21
Market reference 1
50-day average
$278.17
-2.33% below average
200-day average
$242.79
+11.90% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
85.14B USD
P/E (TTM)
58.18×
P/B (TTM)
18.96×
P/S (TTM)
11.92×
EV / EBITDA
37.44×
Earnings yield
1.82%
Free cash flow yield
1.73%
Dividend yield
0.18%

Profitability & efficiency

Gross margin
34.44%
Operating margin
28.33%
Net margin
20.52%
Return on equity
28.17%
Return on assets
13.49%
Return on invested capital
18.19%

Financial health

Debt / equity
0.79×
Current ratio
2.13×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%23%13%3%Gross margin, FY2021: 22.81%Gross margin, FY2022: 23.91%Gross margin, FY2023: 24.31%Gross margin, FY2024: 27.62%Gross margin, FY2025: 30.74%Operating margin, FY2021: 17.42%Operating margin, FY2022: 18.26%Operating margin, FY2023: 18.75%Operating margin, FY2024: 22.50%Operating margin, FY2025: 25.81%Net margin, FY2021: 5.19%Net margin, FY2022: 8.28%Net margin, FY2023: 11.52%Net margin, FY2024: 15.55%Net margin, FY2025: 18.27%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.81%. Gross margin FY2022 23.91%. Gross margin FY2023 24.31%. Gross margin FY2024 27.62%. Gross margin FY2025 30.74%. Operating margin FY2021 17.42%. Operating margin FY2022 18.26%. Operating margin FY2023 18.75%. Operating margin FY2024 22.50%. Operating margin FY2025 25.81%. Net margin FY2021 5.19%. Net margin FY2022 8.28%. Net margin FY2023 11.52%. Net margin FY2024 15.55%. Net margin FY2025 18.27%.

Income trends

Revenue

8.25B USD+11.06%

Operating income

2.13B USD+27.39%

Net income

1.51B USD+30.56%
Income trends across reported periods9.05B USD5.85B USD2.66B USD−541.4M USDRevenue, FY2021: 4.97B USDRevenue, FY2022: 5.66B USDRevenue, FY2023: 6.64B USDRevenue, FY2024: 7.43B USDRevenue, FY2025: 8.25B USDOperating income, FY2021: 866M USDOperating income, FY2022: 1.03B USDOperating income, FY2023: 1.25B USDOperating income, FY2024: 1.67B USDOperating income, FY2025: 2.13B USDNet income, FY2021: 258M USDNet income, FY2022: 469M USDNet income, FY2023: 765M USDNet income, FY2024: 1.16B USDNet income, FY2025: 1.51B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.97B USD. Revenue FY2022 5.66B USD. Revenue FY2023 6.64B USD. Revenue FY2024 7.43B USD. Revenue FY2025 8.25B USD. Operating income FY2021 866M USD. Operating income FY2022 1.03B USD. Operating income FY2023 1.25B USD. Operating income FY2024 1.67B USD. Operating income FY2025 2.13B USD. Net income FY2021 258M USD. Net income FY2022 469M USD. Net income FY2023 765M USD. Net income FY2024 1.16B USD. Net income FY2025 1.51B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue8.25B USD7.43B USD6.64B USD5.66B USD4.97B USD
Cost of goods sold5.72B USD5.38B USD5.03B USD4.31B USD3.84B USD
Gross profit2.54B USD2.05B USD1.61B USD1.35B USD1.13B USD
Research and development37M USD33M USD36M USD32M USD17M USD
Selling, general, and administrative370M USD362M USD333M USD288M USD251M USD
Operating expenses407M USD380M USD369M USD320M USD268M USD
Interest income20M USD20M USD23M USD6M USD2M USD
Interest expense151M USD182M USD218M USD229M USD259M USD
Depreciation and amortization283M USD277M USD272M USD265M USD270M USD
Operating income2.13B USD1.67B USD1.25B USD1.03B USD866M USD
Net income1.51B USD1.16B USD765M USD469M USD258M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+8.31%
11 comparable reports
Latest EPS result
1.33
Estimate 1.24 · Beat by 7.26%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.381.140.90.66Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 0.74, estimate 0.71, surprise +4.23%, Beat. Q2 2025, reported May 1, 2025: actual 0.86, estimate 0.776, surprise +10.82%, Beat. Q3 2025, reported Jul 31, 2025: actual 0.91, estimate 0.872, surprise +4.36%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.95, estimate 0.91, surprise +4.40%, Beat. Q1 2026, reported Feb 12, 2026: actual 1.05, estimate 0.965, surprise +8.81%, Beat. Q2 2026, reported May 7, 2026: actual 1.22, estimate 1.11, surprise +9.91%, Beat. Q3 2026, reported Aug 6, 2026: actual 1.33, estimate 1.24, surprise +7.26%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.33, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.68B2.38B2.08B1.78BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 1.89B USD, estimate 1.88B USD, surprise +0.60%, Beat. Q2 2025, reported May 1, 2025: actual 1.94B USD, estimate 1.94B USD, surprise +0.04%, Beat. Q3 2025, reported Jul 31, 2025: actual 2.05B USD, estimate 2.01B USD, surprise +2.31%, Beat. Q4 2025, reported Oct 30, 2025: actual 2.09B USD, estimate 2.04B USD, surprise +2.31%, Beat. Q1 2026, reported Feb 12, 2026: actual 2.17B USD, estimate 2.12B USD, surprise +2.12%, Beat. Q2 2026, reported May 7, 2026: actual 2.31B USD, estimate 2.24B USD, surprise +3.32%, Beat. Q3 2026, reported Aug 6, 2026: actual 2.55B USD, estimate 2.43B USD, surprise +4.91%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 2.58B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$316.18

16.38% upside
Past 12 months12-month forecastHigh $370Average $316.18Low $270

Rating distribution

25 ratings
Strong buy00%
Buy2184%
Hold312%
Sell14%
Strong sell00%

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