stockrowHowmet 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.
- Revenue
- +29.4%
- EPS
- +48.4%
- Free cash flow
- +32.8%
- Total debt
- +27.1%
Quarter to September 2026, against a year earlier
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Howmet Aerospace Inc. (HWM) Gross margin
Howmet Aerospace Inc.'s gross margin over the twelve months to 30 September 2026 was 36.6%, up 2.5 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 26.4% and above the Industrials sector median of 30.8%.
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) |
|---|---|---|
| Sep 2026 | 37.1% | (0.23) |
| Jun 2026 | 37.3% | 0.42 |
| Mar 2026 | 36.9% | 2.05 |
| Dec 2025 | 34.9% | 0.21 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| TDG Transdigm Group Incorporated compare | 59.6% |
| HEI.A Heico Corporation compare | 40.4% |
| HWM Howmet Aerospace Inc. | 36.6% |
| HONA Honeywell Aerospace inc. compare | 36.2% |
| LHX L3Harris Technologies Inc compare | 25.6% |
| NOC Northrop Grumman Corporation compare | 20.0% |
| GD General Dynamics Corporation compare | 14.1% |
| LMT Lockheed Martin Corporation compare | 11.7% |
| BA The Boeing Company compare | 9.42% |
| Aerospace & Defense industry median | 26.4% |
| Industrials sector median | 30.8% |
| Market median | 46.0% |
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
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- Net margin
- Free cash flow margin
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- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
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- Return on equity
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