Howmet Aerospace (HWM) Stock Analysis

November 11, 2026

This is a peer-relative look at Howmet Aerospace (HWM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Capital Goods peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Howmet Aerospace (HWM)
Profile Item	HWM
Name	Howmet Aerospace Inc.
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Capital Goods
GICS Industry	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense
Market Capitalization	81.84 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 1, 2016
Security Type	Common Stock

Price Performance

Cumulative Growth

HWM

GSPC

Howmet Aerospace (HWM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Howmet Aerospace (HWM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Howmet Aerospace (HWM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
Total Return (1Y)	5.06%	6.84%
Total Return (3Y, Annualized)	64.83%	17.66%
Total Return (5Y, Annualized)	46.04%	9.09%

Risk Profile

Drawdown History

HWM

GSPC

Howmet Aerospace (HWM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Howmet Aerospace (HWM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
Volatility (1Y, Annualized)	37.60%	44.38%
Beta (5Y)	1.27	1.19
Max Drawdown (5Y)	-36.47%	-49.95%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. HWM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
Sharpe Ratio (1Y)	0.02	0.06
Sortino Ratio (1Y)	0.03	0.09

Profitability

ROE (TTM)

Howmet Aerospace (HWM) posts ROE of 37.65%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

HWM

Capital Goods industry group

37.65%

Group distribution

Max: 40.55%
HWM: 37.65%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Largest peers

GEV: 93.04%
CAT: 56.14%
GE: 50.17%
HWM: 37.65%
DE: 18.24%
RTX: 12.85%
BA: --

Where Howmet Aerospace (HWM) stands on ROE within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Howmet Aerospace (HWM) keeps 21.10% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

HWM

Capital Goods industry group

21.10%

Group distribution

Max: 27.47%
HWM: 21.10%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Largest peers

GEV: 23.54%
HWM: 21.10%
GE: 17.31%
CAT: 15.21%
DE: 10.17%
RTX: 8.75%
BA: 8.07%

Where Howmet Aerospace (HWM) stands on net margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Howmet Aerospace (HWM) turns 28.78% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

HWM

Capital Goods industry group

28.78%

Group distribution

Max: 36.60%
HWM: 28.78%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Largest peers

HWM: 28.78%
CAT: 20.19%
GE: 18.49%
RTX: 15.54%
DE: 13.37%
GEV: 12.77%
BA: 0.30%

Where Howmet Aerospace (HWM) stands on operating margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
ROE (TTM)	37.65%	12.12%
ROA (TTM)	13.97%	5.29%
Net Margin (TTM)	21.10%	6.30%
Operating Margin (TTM)	28.78%	11.12%
Gross Margin (TTM)	36.63%	29.63%

Growth

Revenue Growth

Howmet Aerospace (HWM) grew revenue 11.06%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Howmet Aerospace (HWM): Revenue Growth across different time periods, set against Capital Goods industry-group medians.

EPS Growth

Howmet Aerospace (HWM) grew earnings per share 32.03%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Howmet Aerospace (HWM): EPS Growth across different time periods, set against Capital Goods industry-group medians.

Growth Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
Revenue Growth (YoY)	11.06%	8.11%
Revenue Growth (3Y CAGR)	13.37%	6.45%
EPS Growth (YoY)	32.03%	5.45%
EPS Growth (3Y CAGR)	49.51%	7.15%

Financial Strength

Current Ratio (MRQ)

Howmet Aerospace (HWM) has current ratio of 1.86, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

HWM

Capital Goods industry group

1.86

Group distribution

Max: 5.22
Q3: 2.95
Median: 2.08
HWM: 1.86
Q1: 1.43
Min: 0.36

Largest peers

DE: 2.13
HWM: 1.86
CAT: 1.42
BA: 1.13
RTX: 1.05
GE: 0.98
GEV: 0.83

Where Howmet Aerospace (HWM) stands on current ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Howmet Aerospace (HWM) has debt-to-equity ratio of 0.80, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

HWM

Capital Goods industry group

0.80

Group distribution

Max: 2.33
Q3: 1.12
HWM: 0.80
Median: 0.60
Q1: 0.29
Min: 0.00

Largest peers

BA: 7.39
DE: 2.30
CAT: 2.10
GE: 1.16
HWM: 0.80
RTX: 0.55
GEV: 0.30

Where Howmet Aerospace (HWM) stands on debt-to-equity ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
Current Ratio (MRQ)	1.86	2.08
Debt / Equity (MRQ)	0.80	0.60
Net Debt / EBITDA	1.35	1.78

Dividends

Dividend Yield (TTM)

Howmet Aerospace (HWM) has dividend yield of 0.25%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

HWM

Capital Goods industry group

0.25%

Group distribution

Max: 2.66%
Q3: 1.14%
HWM: 0.25%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 1.47%
CAT: 1.13%
DE: 0.98%
GE: 0.56%
GEV: 0.26%
HWM: 0.25%
BA: 0.00%

Where Howmet Aerospace (HWM) stands on dividend yield within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Howmet Aerospace (HWM) has payout ratio of 9.80%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

HWM

Capital Goods industry group

9.80%

Group distribution

Max: 67.39%
Q3: 28.02%
HWM: 9.80%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 45.85%
DE: 36.02%
CAT: 24.18%
GE: 20.23%
HWM: 9.80%
GEV: 4.59%
BA: 0.00%

Where Howmet Aerospace (HWM) stands on payout ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
Dividend Yield (TTM)	0.25%	0.24%
Dividend Payout Ratio (TTM)	9.80%	6.86%

Valuation

P/E Ratio (TTM)

Howmet Aerospace (HWM) trades at P/E ratio of 40.35, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

HWM

Capital Goods industry group

40.35

Group distribution

Max: 59.38
HWM: 40.35
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Largest peers

HWM: 40.35
DE: 37.33
GE: 36.94
RTX: 30.82
CAT: 21.92
GEV: 20.32
BA: 17.89

Where Howmet Aerospace (HWM) stands on P/E ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Howmet Aerospace (HWM) trades at 8.41 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

HWM

Capital Goods industry group

8.41

Group distribution

HWM: 8.41
Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Largest peers

HWM: 8.41
GE: 6.38
GEV: 4.65
DE: 3.78
CAT: 3.29
RTX: 2.66
BA: 1.45

Where Howmet Aerospace (HWM) stands on P/S ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Howmet Aerospace (HWM) trades at 14.20 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

HWM

Capital Goods industry group

14.20

Group distribution

HWM: 14.20
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Largest peers

BA: 20.99
GE: 19.06
GEV: 18.00
HWM: 14.20
CAT: 11.90
DE: 6.47
RTX: 3.69

Where Howmet Aerospace (HWM) stands on P/B ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Howmet Aerospace (HWM) metric values compared with Capital Goods industry-group medians
Metric	Current stock: HWM	Industry group median
P/E Ratio (TTM)	40.35	25.41
P/S Ratio (TTM)	8.41	2.15
P/B Ratio (MRQ)	14.20	3.12
Free Cash Flow Yield (TTM)	1.58%	3.03%