HWM vs. MAIR: Howmet Aerospace vs. Madison Air Stock Comparison

November 11, 2026

How do Howmet Aerospace (HWM) and Madison Air (MAIR) 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

Howmet Aerospace (HWM) and Madison Air (MAIR) both fall under the Capital Goods industry group, but HWM is classified in Aerospace & Defense while MAIR is classified in Building Products.

Howmet Aerospace (HWM) has been public since November 1, 2016 with a meaningfully longer listed history, while Madison Air (MAIR) only listed on April 16, 2026 — long-window metrics on the MAIR side should be interpreted with caution.

Company profile comparison for Howmet Aerospace (HWM) and Madison Air (MAIR)
Profile Item	HWM	MAIR
Name	Howmet Aerospace Inc.	Madison Air Solutions Corporation Class A Common Stock
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Building Products
GICS Sub-Industry	Aerospace & Defense	Building Products
Market Capitalization	81.84 billion USD	11.56 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 1, 2016	April 16, 2026
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HWM

MAIR

GSPC

Howmet Aerospace (HWM) vs. Madison Air (MAIR), 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 Howmet Aerospace (HWM) and Madison Air (MAIR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
Total Return (1Y)	5.06%	--
Total Return (3Y, Annualized)	64.83%	--
Total Return (5Y, Annualized)	46.04%	--

Risk Profile

Drawdown History

HWM

MAIR

GSPC

Howmet Aerospace (HWM) vs. Madison Air (MAIR), 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 Howmet Aerospace (HWM) and Madison Air (MAIR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
Volatility (1Y, Annualized)	37.60%	57.10%
Beta (5Y)	1.27	1.60
Max Drawdown (5Y)	-36.47%	-51.16%
Avg. Volume (3M)	3.47M	2.60M

Risk-Adjusted Performance

Risk-Return Positioning

Both HWM and MAIR need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
Sharpe Ratio (1Y)	0.02	--
Sortino Ratio (1Y)	0.03	--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Howmet Aerospace (HWM) earns 37.65% on shareholders’ equity, ranked against its industry; Madison Air (MAIR) has no ROE this period.

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%

MAIR

Capital Goods industry group

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

Howmet Aerospace (HWM) vs. Madison Air (MAIR): MAIR does not report ROE, so it has no value marker; HWM is benchmarked against the Capital Goods industry group.

Net Margin (TTM)

Howmet Aerospace (HWM) at 21.10% retains a top-quartile share of revenue as profit, ahead of Madison Air (MAIR) at 3.73%, which keeps about the industry-typical share.

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%

MAIR

Capital Goods industry group

3.73%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
MAIR: 3.73%
Q1: 1.40%
Min: -12.89%

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Howmet Aerospace (HWM) at 28.78% and Madison Air (MAIR) at 19.76% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

MAIR

Capital Goods industry group

19.76%

Max: 36.60%
MAIR: 19.76%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
ROE (TTM)	37.65%	--
ROA (TTM)	13.97%	--
Net Margin (TTM)	21.10%	3.73%
Operating Margin (TTM)	28.78%	19.76%
Gross Margin (TTM)	36.63%	39.06%

Growth

Revenue Growth

Madison Air (MAIR) at 34.07% sits in the top revenue growth quartile, while Howmet Aerospace (HWM) at 11.06% is closer to the peer norm — faster top-line expansion for MAIR.

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Howmet Aerospace (HWM) at 32.03% sits in the top EPS growth quartile, while Madison Air (MAIR) at -2.32% is closer to the peer norm — faster per-share earnings growth for HWM.

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
Revenue Growth (YoY)	11.06%	34.07%
Revenue Growth (3Y CAGR)	13.37%	--
EPS Growth (YoY)	32.03%	-2.32%
EPS Growth (3Y CAGR)	49.51%	--

Financial Strength

Current Ratio (MRQ)

Both Howmet Aerospace (HWM) at 1.86 and Madison Air (MAIR) at 1.82 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

MAIR

Capital Goods industry group

1.82

Max: 5.22
Q3: 2.95
Median: 2.08
MAIR: 1.82
Q1: 1.43
Min: 0.36

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Howmet Aerospace (HWM) at 0.80 and Madison Air (MAIR) at 0.87 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

MAIR

Capital Goods industry group

0.87

Max: 2.33
Q3: 1.12
MAIR: 0.87
Median: 0.60
Q1: 0.29
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
Current Ratio (MRQ)	1.86	1.82
Debt / Equity (MRQ)	0.80	0.87
Net Debt / EBITDA	1.35	3.37

Dividends

Dividend Yield (TTM)

Madison Air (MAIR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Howmet Aerospace (HWM) reports a yield of 0.25%, ranking against industry peers normally.

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%

MAIR

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
MAIR: 0.00%
Q1: 0.00%
Min: 0.00%

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Madison Air (MAIR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Howmet Aerospace (HWM) reports a payout of 9.80%, ranking against industry peers normally.

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%

MAIR

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
MAIR: 0.00%
Q1: 0.00%
Min: 0.00%

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
Dividend Yield (TTM)	0.25%	0.00%
Dividend Payout Ratio (TTM)	9.80%	0.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Howmet Aerospace (HWM) at 40.35 sits in the richer P/E ratio quartile, and Madison Air (MAIR) at 164.57 is richer still, above its industry range.

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

MAIR

Capital Goods industry group

164.57

MAIR: 164.57
Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Madison Air (MAIR) at 3.09 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.

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

MAIR

Capital Goods industry group

3.09

Max: 7.54
Q3: 3.76
MAIR: 3.09
Median: 2.15
Q1: 1.03
Min: 0.03

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Madison Air (MAIR) at 3.17 sits near its industry’s typical P/B ratio, while Howmet Aerospace (HWM) at 14.20 prices above its benchmark range — HWM looks rich relative to book.

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

MAIR

Capital Goods industry group

3.17

Max: 9.66
Q3: 5.00
MAIR: 3.17
Median: 3.12
Q1: 1.81
Min: -1.08

Howmet Aerospace (HWM) vs. Madison Air (MAIR): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Howmet Aerospace (HWM) and Madison Air (MAIR)
Metric	HWM	MAIR
P/E Ratio (TTM)	40.35	164.57
P/S Ratio (TTM)	8.41	3.09
P/B Ratio (MRQ)	14.20	3.17
Free Cash Flow Yield (TTM)	1.58%	--