ETN vs. HWM: Eaton vs. Howmet Aerospace Stock Comparison
How do Eaton (ETN) 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
Eaton (ETN) and Howmet Aerospace (HWM) both fall under the Capital Goods industry group, but ETN is classified in Electrical Equipment while HWM is classified in Aerospace & Defense.
| Profile Item | ETN | HWM |
|---|---|---|
| Name | Eaton Corporation plc | Howmet Aerospace Inc. |
| Country/Region | Ireland | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Electrical Equipment | Aerospace & Defense |
| GICS Sub-Industry | Electrical Components & Equipment | Aerospace & Defense |
| Market Capitalization | 132.76 billion USD | 81.84 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 1, 1972 | November 1, 2016 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ETN | HWM |
|---|---|---|
| Total Return (1Y) | -2.33% | 5.06% |
| Total Return (3Y, Annualized) | 19.68% | 64.83% |
| Total Return (5Y, Annualized) | 17.50% | 46.04% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ETN | HWM |
|---|---|---|
| Volatility (1Y, Annualized) | 43.57% | 37.60% |
| Beta (5Y) | 1.14 | 1.27 |
| Max Drawdown (5Y) | -34.46% | -36.47% |
| Avg. Volume (3M) | 2.32M | 3.47M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ETN | HWM |
|---|---|---|
| Sharpe Ratio (1Y) | -0.15 | 0.02 |
| Sortino Ratio (1Y) | -0.21 | 0.03 |
Profitability
ROE (TTM)
Both Eaton (ETN) at 19.55% and Howmet Aerospace (HWM) at 37.65% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
ETN
Capital Goods industry group
19.55%
- Max
- 40.55%
- ETN
- 19.55%
- Q3
- 19.29%
- 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%
Net Margin (TTM)
For every dollar of sales, both Eaton (ETN) at 12.18% and Howmet Aerospace (HWM) at 21.10% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
ETN
Capital Goods industry group
12.18%
- Max
- 27.47%
- ETN
- 12.18%
- Q3
- 12.10%
- 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%
Operating Margin (TTM)
Howmet Aerospace (HWM) at 28.78% operates in the top operating margin quartile, ahead of Eaton (ETN) at 17.85%, which runs around its industry’s norm.
ETN
Capital Goods industry group
17.85%
- Max
- 36.60%
- Q3
- 18.33%
- ETN
- 17.85%
- Median
- 11.12%
- 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%
Profitability Metrics
| Metric | ETN | HWM |
|---|---|---|
| ROE (TTM) | 19.55% | 37.65% |
| ROA (TTM) | 7.22% | 13.97% |
| Net Margin (TTM) | 12.18% | 21.10% |
| Operating Margin (TTM) | 17.85% | 28.78% |
| Gross Margin (TTM) | 35.16% | 36.63% |
Growth
Revenue Growth
Both Eaton (ETN) at 10.33% 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.
EPS Growth
Howmet Aerospace (HWM) at 32.03% sits in the top EPS growth quartile, while Eaton (ETN) at 10.00% is closer to the peer norm — faster per-share earnings growth for HWM.
Growth Metrics
| Metric | ETN | HWM |
|---|---|---|
| Revenue Growth (YoY) | 10.33% | 11.06% |
| Revenue Growth (3Y CAGR) | 9.77% | 13.37% |
| EPS Growth (YoY) | 10.00% | 32.03% |
| EPS Growth (3Y CAGR) | 19.39% | 49.51% |
Financial Strength
Current Ratio (MRQ)
Howmet Aerospace (HWM) at 1.86 keeps current ratio within its industry’s typical mid-range, while Eaton (ETN) at 1.23 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ETN.
ETN
Capital Goods industry group
1.23
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- ETN
- 1.23
- 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
Debt / Equity (MRQ)
Both Eaton (ETN) at 1.00 and Howmet Aerospace (HWM) at 0.80 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
ETN
Capital Goods industry group
1.00
- Max
- 2.33
- Q3
- 1.12
- ETN
- 1.00
- Median
- 0.60
- Q1
- 0.29
- 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
Financial Strength Metrics
| Metric | ETN | HWM |
|---|---|---|
| Current Ratio (MRQ) | 1.23 | 1.86 |
| Debt / Equity (MRQ) | 1.00 | 0.80 |
| Net Debt / EBITDA | 2.85 | 1.35 |
Dividends
Dividend Yield (TTM)
Eaton (ETN) at 1.33% delivers top-quartile income for its industry, while Howmet Aerospace (HWM) at 0.25% pays a more typical yield — both are credible income propositions, ETN the richer one.
ETN
Capital Goods industry group
1.33%
- Max
- 2.66%
- ETN
- 1.33%
- Q3
- 1.14%
- 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%
Dividend Payout Ratio (TTM)
Howmet Aerospace (HWM) at 9.80% pays out a band-typical share of earnings, while Eaton (ETN) at 43.36% distributes more than its industry norm — less retained, thinner cover.
ETN
Capital Goods industry group
43.36%
- Max
- 67.39%
- ETN
- 43.36%
- Q3
- 28.02%
- 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%
Dividend Metrics
| Metric | ETN | HWM |
|---|---|---|
| Dividend Yield (TTM) | 1.33% | 0.25% |
| Dividend Payout Ratio (TTM) | 43.36% | 9.80% |
Valuation
P/E Ratio (TTM)
Eaton (ETN) at 34.14 is near its industry’s usual P/E ratio, while Howmet Aerospace (HWM) at 40.35 sits in the richer quartile — HWM needs stronger growth or earnings quality to justify the premium.
ETN
Capital Goods industry group
34.14
- Max
- 59.38
- Q3
- 35.92
- ETN
- 34.14
- 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
P/S Ratio (TTM)
Both look expensive on sales: Eaton (ETN) at 4.15 sits in the upper P/S ratio quartile, and Howmet Aerospace (HWM) at 8.41 prices even higher, above its industry range.
ETN
Capital Goods industry group
4.15
- Max
- 7.54
- ETN
- 4.15
- Q3
- 3.76
- 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
P/B Ratio (MRQ)
Both look rich against book: Eaton (ETN) at 6.33 sits in the upper P/B ratio quartile, and Howmet Aerospace (HWM) at 14.20 prices even higher, above its industry range.
ETN
Capital Goods industry group
6.33
- Max
- 9.66
- ETN
- 6.33
- 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
Valuation Metrics
| Metric | ETN | HWM |
|---|---|---|
| P/E Ratio (TTM) | 34.14 | 40.35 |
| P/S Ratio (TTM) | 4.15 | 8.41 |
| P/B Ratio (MRQ) | 6.33 | 14.20 |
| Free Cash Flow Yield (TTM) | 2.29% | 1.58% |