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.
- 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) Operating margin
Howmet Aerospace Inc.'s operating margin over the twelve months to 30 September 2026 was 28.1%, up 3.3 percentage points from fiscal 2025 (24.8%). Over the past ten years it has ranged from 3.70% (fiscal 2017) to 24.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Aerospace & Defense industry median of 3.69% and above the Industrials sector median of 5.21%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 24.8% | 2.81 |
| FY2024 | 22.0% | 3.86 |
| FY2023 | 18.1% | 1.89 |
| FY2022 | 16.2% | 1.19 |
| FY2021 | 15.0% | 3.14 |
| FY2020 | 11.9% | 3.74 |
| FY2019 | 8.16% | (3.27) |
| FY2018 | 11.4% | 7.73 |
| FY2017 | 3.70% | (4.00) |
| FY2016 | 7.70% | 2.64 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 28.8% | 0.83 |
| Jun 2026 | 27.9% | (4.64) |
| Mar 2026 | 32.6% | 10.00 |
| Dec 2025 | 22.6% | (3.39) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| TDG Transdigm Group Incorporated compare | 46.0% |
| HWM Howmet Aerospace Inc. | 28.1% |
| HEI Heico Corporation compare | 24.0% |
| HONA Honeywell Aerospace inc. compare | 20.8% |
| LMT Lockheed Martin Corporation compare | 11.8% |
| LHX L3Harris Technologies Inc compare | 11.0% |
| NOC Northrop Grumman Corporation compare | 10.6% |
| GD General Dynamics Corporation compare | 10.4% |
| BA The Boeing Company compare | 10.3% |
| Aerospace & Defense industry median | 3.69% |
| Industrials sector median | 5.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
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- Net margin
- Free cash flow margin
- P/E ratio
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- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
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- Current ratio
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