HWM vs. TT: Howmet Aerospace vs. Trane Technologies Stock Comparison

November 11, 2026

How do Howmet Aerospace (HWM) and Trane Technologies (TT) 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 Trane Technologies (TT) both fall under the Capital Goods industry group, but HWM is classified in Aerospace & Defense while TT is classified in Building Products.

Company profile comparison for Howmet Aerospace (HWM) and Trane Technologies (TT)
Profile Item	HWM	TT
Name	Howmet Aerospace Inc.	Trane Technologies plc
Country/Region	United States	Ireland
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	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 1, 2016	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HWM

GSPC

Howmet Aerospace (HWM) vs. Trane Technologies (TT), 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

Loading price history…

Trailing total returns for Howmet Aerospace (HWM) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
Total Return (1Y)	5.06%	-2.56%
Total Return (3Y, Annualized)	64.83%	25.06%
Total Return (5Y, Annualized)	46.04%	18.70%

Risk Profile

Drawdown History

HWM

GSPC

Howmet Aerospace (HWM) vs. Trane Technologies (TT), 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

Loading price history…

Distribution of monthly total returns for Howmet Aerospace (HWM) and Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
Volatility (1Y, Annualized)	37.60%	30.26%
Beta (5Y)	1.27	1.18
Max Drawdown (5Y)	-36.47%	-39.76%
Avg. Volume (3M)	3.47M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

HWM and TT 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 Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
Sharpe Ratio (1Y)	0.02	-0.23
Sortino Ratio (1Y)	0.03	-0.31

Profitability

ROE (TTM)

Both Howmet Aerospace (HWM) at 37.65% and Trane Technologies (TT) at 36.94% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Howmet Aerospace (HWM) at 21.10% and Trane Technologies (TT) at 13.56% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Howmet Aerospace (HWM) at 28.78% and Trane Technologies (TT) at 19.85% 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%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
ROE (TTM)	37.65%	36.94%
ROA (TTM)	13.97%	11.42%
Net Margin (TTM)	21.10%	13.56%
Operating Margin (TTM)	28.78%	19.85%
Gross Margin (TTM)	36.63%	34.99%

Growth

Revenue Growth

Both Howmet Aerospace (HWM) at 11.06% and Trane Technologies (TT) at 7.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Howmet Aerospace (HWM) vs. Trane Technologies (TT): 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 Trane Technologies (TT) at 15.48% is closer to the peer norm — faster per-share earnings growth for HWM.

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
Revenue Growth (YoY)	11.06%	7.48%
Revenue Growth (3Y CAGR)	13.37%	10.06%
EPS Growth (YoY)	32.03%	15.48%
EPS Growth (3Y CAGR)	49.51%	20.17%

Financial Strength

Current Ratio (MRQ)

Howmet Aerospace (HWM) at 1.86 keeps current ratio within its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TT.

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

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Howmet Aerospace (HWM) at 0.80 and Trane Technologies (TT) at 0.46 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

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

Howmet Aerospace (HWM) vs. Trane Technologies (TT): 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 Trane Technologies (TT)
Metric	HWM	TT
Current Ratio (MRQ)	1.86	1.12
Debt / Equity (MRQ)	0.80	0.46
Net Debt / EBITDA	1.35	0.66

Dividends

Dividend Yield (TTM)

Both Howmet Aerospace (HWM) at 0.25% and Trane Technologies (TT) at 1.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

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%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Howmet Aerospace (HWM) at 9.80% pays out a band-typical share of earnings, while Trane Technologies (TT) at 28.42% distributes more than its industry norm — less retained, thinner cover.

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%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
Dividend Yield (TTM)	0.25%	1.04%
Dividend Payout Ratio (TTM)	9.80%	28.42%

Valuation

P/E Ratio (TTM)

Trane Technologies (TT) at 27.92 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.

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

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Trane Technologies (TT) at 3.79 sits in the upper P/S ratio quartile, and Howmet Aerospace (HWM) at 8.41 prices even higher, above its industry range.

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

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Trane Technologies (TT) at 9.66 sits in the upper P/B ratio quartile, and Howmet Aerospace (HWM) at 14.20 prices even higher, above its industry range.

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

TT

Capital Goods industry group

9.66

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

Howmet Aerospace (HWM) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Howmet Aerospace (HWM) and Trane Technologies (TT)
Metric	HWM	TT
P/E Ratio (TTM)	40.35	27.92
P/S Ratio (TTM)	8.41	3.79
P/B Ratio (MRQ)	14.20	9.66
Free Cash Flow Yield (TTM)	1.58%	3.94%