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Stocks/Industrials/Aerospace & Defense

Howmet AerospaceHWM

Aerospace & Defense · Pittsburgh, Pennsylvania · In the S&P 500
High qualityPricier than peers
$199.22−3.26%After hours: $200.00 (+0.39%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 2.1% over 1 year
Howmet Aerospace over 1 yearDaily close, $, to 30 Oct 2026
$250Nov2026MarMayJulSep$199.22$250NovMarJul$199.22
Source: Nasdaq daily closes
Market value$79.45B
Price to earnings39.0x
Forward P/E33.6x
Dividend yield0.28%
Year to date−2.8%
One year−2.1%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$185.91$292.65

Quality and valuation

How Howmet Aerospace compares with other industrials stocks. A description, not a recommendation.

Howmet Aerospace and 7 aerospace & defense peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: pricier than most

A stronger business than most industrials companies, priced above most of them.

Howmet Aerospace trades at 33.6 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +22.0% vs +8.2%
  • More profitable (operating margin): 28.1% vs 17.5%
  • Turns more of its sales into cash: 19.8% vs 13.1%
HWM trades at 33.6x forward earnings, above the sector medianForward p/e, Aerospace & Defense peers
NOC19.3xLMT20.6xGD21.3xTDG24.6xRTX26.8xHWM33.6xGE35.7xSector median 21.4xNOC19.3xLMT20.6xGD21.3xTDG24.6xRTX26.8xHWM33.6xGE35.7xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 39.0x earnings, HWM is cheaper than its average since Nov 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
50x60x70xAverage 55.0x2025202639.0x60xAverage 55.0x2025202639.0x
Source: Nasdaq prices; SEC filings

Financials

From Howmet Aerospace's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 29.4% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.7bnQ3 ’26$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.7bnQ3 ’26
Source: SEC filings
Growth sped up to +29.4% last quarterRevenue growth, year on year, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2529.4%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2529.4%Q3 ’26
Source: SEC filings
Operating margin was 28.7% last quarterOperating income as a share of revenue, %
0%10%20%30%Q4 ’24Q2 ’25Q4 ’2528.7%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’2528.7%Q3 ’26
Source: SEC filings
Free cash flow was $1.9 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$562mQ3 ’26$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$562mQ3 ’26
Source: SEC filings
Last 12 monthsHWMSector median
Revenue growth+22.0%+8.2%
Operating margin28.1%17.5%
Free cash flow margin19.8%13.1%
Price to earnings39.0x25.8x

Stories on Howmet Aerospace

Friday, 30 October
Earnings

Howmet Aerospace (HWM) Tops Q3 Estimates as Engine Sales Grow 33%

Howmet's revenue rose 29% to $2.70 billion and adjusted EPS of $1.46 beat estimates, and it raised its 2026 forecast. The stock jumped 5.5% on Thursday.

HWM▼ 1.4%
A jet engine climbing a staircase toward the sun

Similar companies

Aerospace & Defense, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
RTXRTX$199.80+0.20%+8.9%$270B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
BABoeing$171.55−0.64%−21.0%$136B
GDGeneral Dynamics$372.59+0.48%+10.7%$101B
NOCNorthrop Grumman$557.54−0.86%−2.2%$79.21B
TDGTransDigm Group$1,146.81−2.47%−13.8%$63.39B
LHXL3Harris$277.61−0.29%−5.4%$51.70B