ESLT vs. HWM: Elbit Systems vs. Howmet Aerospace Stock Comparison

November 11, 2026

How do Elbit Systems (ESLT) and Howmet Aerospace (HWM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Elbit Systems (ESLT) and Howmet Aerospace (HWM) are both classified in the Aerospace & Defense sub-industry within the broader Aerospace & Defense industry, placing them in the closest GICS peer bucket.

Company profile comparison for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Profile Item	ESLT	HWM
Name	Elbit Systems Ltd.	Howmet Aerospace Inc.
Country/Region	Israel	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense	Aerospace & Defense
Market Capitalization	32.00 billion USD	81.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	November 27, 1996	November 1, 2016
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ESLT

HWM

GSPC

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM), with S&P 500 (GSPC) for reference: 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 Elbit Systems (ESLT) and Howmet Aerospace (HWM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Elbit Systems (ESLT) and Howmet Aerospace (HWM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
Total Return (1Y)	55.34%	5.06%
Total Return (3Y, Annualized)	57.29%	64.83%
Total Return (5Y, Annualized)	37.24%	46.04%

Risk Profile

Drawdown History

ESLT

HWM

GSPC

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM), with S&P 500 (GSPC) for reference: 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 Elbit Systems (ESLT) and Howmet Aerospace (HWM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Howmet Aerospace (HWM) trades around 3.47M shares per day on average, while Elbit Systems (ESLT) sees only 88.09K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
Volatility (1Y, Annualized)	47.34%	37.60%
Beta (5Y)	0.10	1.27
Max Drawdown (5Y)	-35.54%	-36.47%
Avg. Volume (3M)	88.09K	3.47M

Risk-Adjusted Performance

Risk-Return Positioning

ESLT and HWM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
Sharpe Ratio (1Y)	1.08	0.02
Sortino Ratio (1Y)	1.76	0.03

Profitability

ROE (TTM)

Howmet Aerospace (HWM) at 37.65% sits in the top ROE quartile, while Elbit Systems (ESLT) at 15.24% is closer to the peer norm — stronger capital efficiency for HWM.

ESLT

Capital Goods industry group

15.24%

Max: 40.55%
Q3: 19.29%
ESLT: 15.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

HWM

Capital Goods industry group

37.65%

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Howmet Aerospace (HWM) at 21.10% retains a top-quartile share of revenue as profit, ahead of Elbit Systems (ESLT) at 7.44%, which keeps about the industry-typical share.

ESLT

Capital Goods industry group

7.44%

Max: 27.47%
Q3: 12.10%
ESLT: 7.44%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

HWM

Capital Goods industry group

21.10%

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Howmet Aerospace (HWM) at 28.78% operates in the top operating margin quartile, ahead of Elbit Systems (ESLT) at 9.57%, which runs around its industry’s norm.

ESLT

Capital Goods industry group

9.57%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
ESLT: 9.57%
Q1: 5.14%
Min: -12.63%

HWM

Capital Goods industry group

28.78%

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
ROE (TTM)	15.24%	37.65%
ROA (TTM)	3.87%	13.97%
Net Margin (TTM)	7.44%	21.10%
Operating Margin (TTM)	9.57%	28.78%
Gross Margin (TTM)	25.03%	36.63%

Growth

Revenue Growth

Both Elbit Systems (ESLT) at 16.27% and Howmet Aerospace (HWM) at 11.06% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Elbit Systems (ESLT) at 58.64% and Howmet Aerospace (HWM) at 32.03% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
Revenue Growth (YoY)	16.27%	11.06%
Revenue Growth (3Y CAGR)	12.93%	13.37%
EPS Growth (YoY)	58.64%	32.03%
EPS Growth (3Y CAGR)	22.61%	49.51%

Financial Strength

Current Ratio (MRQ)

Howmet Aerospace (HWM) at 1.86 keeps current ratio within its industry’s typical mid-range, while Elbit Systems (ESLT) at 1.40 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ESLT.

ESLT

Capital Goods industry group

1.40

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ESLT: 1.40
Min: 0.36

HWM

Capital Goods industry group

1.86

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Elbit Systems (ESLT) at 0.19 keeps leverage in the lower industry quartile, while Howmet Aerospace (HWM) at 0.80 runs a more typical debt-to-equity mix.

ESLT

Capital Goods industry group

0.19

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
ESLT: 0.19
Min: 0.00

HWM

Capital Goods industry group

0.80

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
Current Ratio (MRQ)	1.40	1.86
Debt / Equity (MRQ)	0.19	0.80
Net Debt / EBITDA	-0.11	1.35

Dividends

Dividend Yield (TTM)

Both Elbit Systems (ESLT) at 0.58% and Howmet Aerospace (HWM) at 0.25% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ESLT

Capital Goods industry group

0.58%

Max: 2.66%
Q3: 1.14%
ESLT: 0.58%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

HWM

Capital Goods industry group

0.25%

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Elbit Systems (ESLT) at 23.33% and Howmet Aerospace (HWM) at 9.80% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ESLT

Capital Goods industry group

23.33%

Max: 67.39%
Q3: 28.02%
ESLT: 23.33%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

HWM

Capital Goods industry group

9.80%

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
Dividend Yield (TTM)	0.58%	0.25%
Dividend Payout Ratio (TTM)	23.33%	9.80%

Valuation

P/E Ratio (TTM)

Both Elbit Systems (ESLT) at 51.36 and Howmet Aerospace (HWM) at 40.35 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

ESLT

Capital Goods industry group

51.36

Max: 59.38
ESLT: 51.36
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

HWM

Capital Goods industry group

40.35

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Elbit Systems (ESLT) at 3.74 prices around its industry’s typical P/S ratio, while Howmet Aerospace (HWM) at 8.41 clears its benchmark range — HWM looks notably rich on sales.

ESLT

Capital Goods industry group

3.74

Max: 7.54
Q3: 3.76
ESLT: 3.74
Median: 2.15
Q1: 1.03
Min: 0.03

HWM

Capital Goods industry group

8.41

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Elbit Systems (ESLT) at 7.24 sits in the upper P/B ratio quartile, and Howmet Aerospace (HWM) at 14.20 prices even higher, above its industry range.

ESLT

Capital Goods industry group

7.24

Max: 9.66
ESLT: 7.24
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

HWM

Capital Goods industry group

14.20

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

Elbit Systems (ESLT) vs. Howmet Aerospace (HWM): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Elbit Systems (ESLT) and Howmet Aerospace (HWM)
Metric	ESLT	HWM
P/E Ratio (TTM)	51.36	40.35
P/S Ratio (TTM)	3.74	8.41
P/B Ratio (MRQ)	7.24	14.20
Free Cash Flow Yield (TTM)	-0.12%	1.58%