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Saturday 17 October 2026 Export HWM’s income statement to Excel — free account

Howmet Aerospace Inc.

HWM Industrials Aerospace & Defense

Howmet Aerospace Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 11.1% from fiscal 2024. In the quarter to June 2026, revenue grew 24.1%, EPS grew 31.7%, free cash flow grew 38.0% and total debt rose 24.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for five.

220.96 1.26 +0.57%
Market cap
$87.6B
P/E
47.4×
Fwd P/E
48.4×
Dividend yield
0.23%
F-score
8/9
Altman Z
10.60
Beneish M
−2.55
Dividend safety
78/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Howmet Aerospace Inc. (HWM) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Howmet Aerospace Inc. (HWM) trades at a EV/EBITDA of 32.8×. Over the past ten years it has ranged from 4.7× (August 2015) to 47.0× (March 2026); the current reading is higher than 88% of that period. That is above the Aerospace & Defense industry median of 18.1× and above the Industrials sector median of 12.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 36.6× 47.38%
FY2024 24.8× 44.99%
FY2023 17.1× 3.07%
FY2022 16.6× (1.95%)
FY2021 16.9× 2.83%
FY2020 16.5× 43.28%
FY2019 11.5× 112.01%
FY2018 5.4× (33.67%)
FY2017 8.2× 25.74%
FY2016 6.5× (13.52%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 39.7× 9.21%
Mar 2026 36.3× (0.60%)
Dec 2025 36.6× 2.35%
Sep 2025 35.7× (0.98%)
42 more quarters

Against its own ten years

Low 4.7× High 47.0×
Ten-year median 12.8×
Current reading's percentile 88

EV/EBITDA against peers

Company EV/EBITDA
LMT Lockheed Martin Corporation compare 13.3×
NOC Northrop Grumman Corporation compare 14.0×
GD General Dynamics Corporation compare 14.6×
LHX L3Harris Technologies Inc compare 15.1×
TDG Transdigm Group Incorporated compare 19.0×
HEI.A Heico Corporation compare 23.8×
BA The Boeing Company compare 25.9×
HEI Heico Corporation compare 31.2×
HWM Howmet Aerospace Inc. 32.8×
Aerospace & Defense industry median 18.1×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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