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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
0.29%
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) Gross margin

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Howmet Aerospace Inc.'s gross margin over the twelve months to 30 June 2026 was 36.0%, up 1.9 percentage points from fiscal 2025 (34.2%). Over the past ten years it has ranged from 18.6% (fiscal 2015) to 34.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Aerospace & Defense industry median of 25.5% and above the Industrials sector median of 30.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 34.2% 3.07
FY2024 31.1% 2.98
FY2023 28.1% 0.57
FY2022 27.6% (0.12)
FY2021 27.7% 1.41
FY2020 26.3% (0.28)
FY2019 26.5% 1.99
FY2018 24.6% 3.42
FY2017 21.1% (0.64)
FY2016 21.8% 3.17

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 37.3% 0.42
Mar 2026 36.9% 2.05
Dec 2025 34.9% 0.21
Sep 2025 34.7% 1.15
42 more quarters

Against its own ten years

Low 18.6% High 34.2%
Ten-year median 26.5%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
TDG Transdigm Group Incorporated compare 59.6%
HEI Heico Corporation compare 40.4%
HEI.A Heico Corporation compare 40.4%
HWM Howmet Aerospace Inc. 36.0%
LHX L3Harris Technologies Inc compare 25.5%
NOC Northrop Grumman Corporation compare 20.1%
GD General Dynamics Corporation compare 15.4%
LMT Lockheed Martin Corporation compare 11.8%
BA The Boeing Company compare 4.68%
Aerospace & Defense industry median 25.5%
Industrials sector median 30.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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