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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) Operating margin

Alert me on Operating margin

Howmet Aerospace Inc.'s operating margin over the twelve months to 30 June 2026 was 27.4%, up 2.6 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 4.54% and above the Industrials sector median of 5.13%.

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)
Jun 2026 27.9% (4.64)
Mar 2026 32.6% 10.00
Dec 2025 22.6% (3.39)
Sep 2025 26.0% 0.57
42 more quarters

Against its own ten years

Low 3.70% High 24.8%
Ten-year median 11.9%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. 27.4%
HEI Heico Corporation compare 24.0%
HEI.A Heico Corporation compare 24.0%
LMT Lockheed Martin Corporation compare 11.9%
NOC Northrop Grumman Corporation compare 10.7%
LHX L3Harris Technologies Inc compare 10.5%
GD General Dynamics Corporation compare 10.3%
BA The Boeing Company compare 4.89%
Aerospace & Defense industry median 4.54%
Industrials sector median 5.13%
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

The full definition of Operating margin →

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