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

201.48 12.08 −5.66%
Market cap
$79.9B
P/E
39.3×
Fwd P/E
35.4×
Dividend yield
0.32%
F-score
8/9
Altman Z
10.60
Beneish M
−2.55
Dividend safety
78/100

Howmet Aerospace Inc. (HWM) Operating margin

Alert me on 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

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. 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

The full definition of Operating margin →

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