HWMHowmet Aerospace

Industrials · Metals · NYSE

Howmet Aerospace Inc. is a Delaware corporation with its principal office in Pittsburgh, Pennsylvania. 10-K, Item 1

Headquarters: Pittsburgh, PA
CEO: John C. Plant
Next results: around Feb 11, 2027

HWM and 9 peers, year by year

The 9 Industrials companies closest to HWM in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
HWM Howmet Aerospace	FY2025	$8.3B	+11.1%	-	24.8%	18.3%	17.3%	28.2%	0.57
TDG TransDigm Group	FY2025	$8.8B	+11.2%	60.1%	47.2%	23.5%	20.6%	n/m	n/m
FAST Fastenal	FY2025	$8.2B	+8.7%	45.0%	20.2%	15.3%	12.8%	31.9%	0.03
FDXF FedEx Freight	FY2026	$8.8B	−1.1%	-	6.1%	7.4%	−2.4%	n/m	n/m
XYL Xylem Inc.	FY2025	$9.0B	+5.5%	38.5%	13.5%	10.6%	10.1%	8.3%	0.22
ROK Rockwell Automation	FY2025	$8.3B	+0.9%	48.1%	20.4%	10.4%	16.3%	23.8%	0.88
DOV Dover Corporation	FY2025	$8.1B	+4.5%	39.8%	17.0%	13.5%	13.8%	14.8%	0.54
AME Ametek	FY2025	$7.4B	+6.6%	-	25.8%	20.0%	22.6%	13.9%	0.33
IR Ingersoll Rand	FY2025	$7.7B	+5.7%	43.6%	15.0%	7.6%	15.9%	5.8%	0.47
CTAS Cintas	FY2026	$11.3B	+8.9%	50.7%	23.1%	17.8%	16.7%	38.9%	0.28

Revenuepeer median $8.3B

Sales growthpeer median +5.7%

Gross marginpeer median 45.0%

TDG 60.1%
CTAS 50.7%
ROK 48.1%
FAST 45.0%
IR 43.6%
DOV 39.8%
XYL 38.5%
HWM -
FDXF -
AME -

Operating marginpeer median 20.2%

Net marginpeer median 13.5%

FCF marginpeer median 15.9%

Return on equitypeer median 14.8%

Debt / equitypeer median 0.33

ROK 0.88
HWM 0.57
DOV 0.54
IR 0.47
AME 0.33
CTAS 0.28
XYL 0.22
FAST 0.03
TDG n/m
FDXF n/m

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	$12.4B	$13.0B	$6.8B	$7.1B	$5.3B	$5.0B	$5.7B	$6.6B	$7.4B	$8.3B
TDG Sep	$3.2B	$3.5B	$3.8B	$5.2B	$5.1B	$4.8B	$5.4B	$6.6B	$7.9B	$8.8B
FAST Dec	$4.0B	$4.4B	$5.0B	$5.3B	$5.6B	$6.0B	$7.0B	$7.3B	$7.5B	$8.2B
FDXF May	-	-	-	-	-	-	-	-	$9.4B	$8.9B
XYL Dec	$3.8B	$4.7B	$5.2B	$5.2B	$4.9B	$5.2B	$5.5B	$7.4B	$8.6B	$9.0B
ROK Sep	$5.9B	$6.3B	$6.7B	$6.7B	$6.3B	$7.0B	$7.8B	$9.1B	$8.3B	$8.3B
DOV Dec	$6.8B	$7.8B	$7.0B	$7.1B	$6.7B	$7.9B	$7.8B	$7.7B	$7.7B	$8.1B
AME Dec	$3.8B	$4.3B	$4.8B	$5.2B	$4.5B	$5.5B	$6.2B	$6.6B	$6.9B	$7.4B
IR Dec	$1.9B	$2.4B	$2.7B	$2.0B	$4.0B	$5.2B	$5.9B	$6.9B	$7.2B	$7.7B
CTAS May	$4.8B	$5.3B	$6.5B	$6.9B	$7.1B	$7.1B	$7.9B	$8.8B	$9.6B	$10.3B
Peer median	$3.9B	$4.5B	$5.1B	$5.3B	$5.4B	$5.8B	$6.6B	$7.4B	$7.9B	$8.3B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	-	+4.6%	+8.1%	+4.7%	−25.9%	−5.5%	+13.9%	+17.3%	+11.9%	+11.1%
TDG Sep	+17.2%	+10.5%	+8.8%	+37.1%	−2.3%	−6.0%	+13.2%	+21.3%	+20.6%	+11.2%
FAST Dec	+2.4%	+10.8%	+13.1%	+7.4%	+5.9%	+6.4%	+16.1%	+5.2%	+2.7%	+8.7%
FDXF May	-	-	-	-	-	-	-	-	-	−5.6%
XYL Dec	+3.2%	+24.8%	+10.6%	+0.8%	−7.1%	+6.5%	+6.3%	+33.4%	+16.3%	+5.5%
ROK Sep	−6.8%	+7.3%	+5.6%	+0.4%	−5.5%	+10.5%	+10.9%	+16.7%	−8.8%	+0.9%
DOV Dec	−2.3%	+12.9%	+2.5%	+2.1%	−6.3%	+18.3%	+7.6%	−2.0%	+0.8%	+4.5%
AME Dec	−3.4%	+12.0%	+12.7%	+6.5%	−12.0%	+22.2%	+10.9%	+7.3%	+5.2%	+6.6%
IR Dec	−8.8%	+22.5%	+13.2%	−8.8%	+96.9%	+29.7%	+14.8%	+16.2%	+5.2%	+5.7%
CTAS May	-	+11.0%	+21.7%	+6.4%	+2.8%	+0.4%	+10.4%	+12.2%	+8.9%	+7.7%
Peer median	−2.3%	+11.5%	+11.7%	+4.2%	−3.9%	+8.5%	+10.9%	+14.2%	+5.2%	+5.7%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	-	-	-	-	-	-	-	-	-	-
TDG Sep	54.5%	56.6%	57.1%	53.8%	51.9%	52.4%	57.1%	58.3%	58.8%	60.1%
FAST Dec	49.6%	49.3%	48.3%	47.2%	45.5%	46.2%	46.1%	45.7%	45.1%	45.0%
FDXF May	-	-	-	-	-	-	-	-	-	-
XYL Dec	38.8%	39.2%	38.9%	39.0%	37.5%	38.0%	37.7%	36.9%	37.5%	38.5%
ROK Sep	42.1%	42.3%	43.3%	43.3%	41.0%	41.4%	40.0%	48.8%	46.6%	48.1%
DOV Dec	32.8%	32.3%	36.6%	36.7%	37.0%	37.6%	37.0%	37.3%	38.2%	39.8%
AME Dec	-	-	-	-	-	-	-	-	-	-
IR Dec	37.0%	37.8%	37.6%	38.6%	35.4%	38.6%	39.3%	41.9%	43.8%	43.6%
CTAS May	43.8%	44.7%	44.9%	45.4%	45.6%	46.6%	46.2%	47.3%	48.8%	50.0%
Peer median	42.1%	42.3%	43.3%	43.3%	41.0%	41.4%	40.0%	45.7%	45.1%	45.0%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	7.7%	3.7%	11.4%	8.2%	11.9%	15.0%	16.2%	18.1%	22.0%	24.8%
TDG Sep	40.0%	42.3%	43.4%	36.9%	34.3%	35.2%	40.8%	44.4%	44.5%	47.2%
FAST Dec	20.1%	20.1%	20.1%	19.8%	20.2%	20.3%	20.8%	20.8%	20.0%	20.2%
FDXF May	-	-	-	-	-	-	-	-	18.6%	15.8%
XYL Dec	10.8%	11.7%	12.6%	9.3%	7.5%	11.3%	11.3%	8.9%	11.8%	13.5%
ROK Sep	-	-	-	-	-	-	-	21.3%	19.3%	20.4%
DOV Dec	10.4%	10.3%	12.1%	13.7%	14.0%	16.2%	16.3%	15.9%	15.6%	17.0%
AME Dec	20.6%	21.0%	22.2%	22.8%	22.6%	23.6%	24.4%	25.9%	25.6%	25.8%
IR Dec	5.3%	4.6%	16.5%	9.6%	1.5%	11.0%	13.8%	16.9%	18.0%	15.0%
CTAS May	16.0%	14.5%	14.7%	16.4%	16.4%	19.5%	20.2%	20.4%	21.6%	22.8%
Peer median	16.0%	14.5%	16.5%	16.4%	16.4%	19.5%	20.2%	20.6%	19.3%	20.2%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	−7.6%	−0.6%	9.5%	6.6%	5.0%	5.2%	8.3%	11.5%	15.5%	18.3%
TDG Sep	18.5%	17.0%	25.1%	17.0%	13.7%	14.2%	16.0%	19.7%	21.6%	23.5%
FAST Dec	12.6%	13.2%	15.1%	14.8%	15.2%	15.4%	15.6%	15.7%	15.2%	15.3%
FDXF May	-	-	-	-	-	-	-	-	16.7%	15.1%
XYL Dec	6.9%	7.0%	10.5%	7.6%	5.2%	8.2%	6.4%	8.3%	10.4%	10.6%
ROK Sep	12.4%	13.1%	8.0%	10.4%	16.2%	19.4%	12.0%	15.3%	11.5%	10.4%
DOV Dec	7.5%	10.4%	8.2%	9.5%	10.2%	14.2%	13.6%	13.8%	34.8%	13.5%
AME Dec	13.3%	15.8%	16.1%	16.7%	19.2%	17.9%	18.9%	19.9%	19.8%	20.0%
IR Dec	−1.9%	0.8%	10.0%	7.9%	−0.8%	10.9%	10.2%	11.3%	11.6%	7.6%
CTAS May	14.5%	9.0%	13.0%	12.8%	12.4%	15.6%	15.7%	15.3%	16.4%	17.5%
Peer median	12.5%	11.7%	11.8%	11.6%	13.0%	14.8%	14.6%	15.3%	16.4%	15.1%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	−$1.0B	−$635.0M	−$551.0M	−$180.0M	−$258.0M	$250.0M	$540.0M	$682.0M	$977.0M	$1.4B
TDG Sep	$639.3M	$717.7M	$949.0M	$913.0M	$1.1B	$808.0M	$829.0M	$1.2B	$1.9B	$1.8B
FAST Dec	$330.4M	$465.3M	$497.9M	$596.3M	$933.7M	$613.5M	$767.2M	$1.3B	$946.8M	$1.1B
FDXF May	-	-	-	-	-	-	-	-	$1.1B	$1.1B
XYL Dec	$373.0M	$516.0M	$349.0M	$613.0M	$641.0M	$330.0M	$388.0M	$566.0M	$942.0M	$910.0M
ROK Sep	$830.4M	$892.3M	$1.2B	$1.0B	$1.0B	$1.1B	$682.0M	$1.2B	$639.0M	$1.4B
DOV Dec	$595.0M	$569.3M	$618.2M	$758.5M	$939.1M	$944.4M	$594.6M	$1.2B	$920.3M	$1.1B
AME Dec	$693.6M	$758.2M	$843.4M	$1.0B	$1.2B	$1.0B	$1.0B	$1.6B	$1.7B	$1.7B
IR Dec	$91.2M	$143.7M	$392.3M	$305.4M	$872.3M	$563.7M	$770.8M	$1.3B	$1.2B	$1.2B
CTAS May	$190.5M	$490.6M	$692.5M	$791.1M	$1.1B	$1.2B	$1.3B	$1.3B	$1.7B	$1.8B
Peer median	$484.0M	$542.7M	$655.3M	$774.8M	$972.9M	$876.2M	$769.0M	$1.2B	$1.1B	$1.2B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	−8.3%	−4.9%	−8.1%	−2.5%	−4.9%	5.0%	9.5%	10.3%	13.1%	17.3%
TDG Sep	20.2%	20.5%	24.9%	17.5%	21.7%	16.8%	15.3%	18.8%	23.7%	20.6%
FAST Dec	8.3%	10.6%	10.0%	11.2%	16.5%	10.2%	11.0%	17.1%	12.5%	12.8%
FDXF May	-	-	-	-	-	-	-	-	11.5%	12.3%
XYL Dec	9.9%	11.0%	6.7%	11.7%	13.1%	6.4%	7.0%	7.7%	11.0%	10.1%
ROK Sep	14.1%	14.1%	17.6%	15.7%	15.9%	16.3%	8.8%	13.4%	7.7%	16.3%
DOV Dec	8.8%	7.3%	8.8%	10.6%	14.1%	11.9%	7.6%	15.0%	11.9%	13.8%
AME Dec	18.1%	17.6%	17.4%	19.6%	26.6%	18.9%	16.4%	24.2%	24.5%	22.6%
IR Dec	4.7%	6.0%	14.6%	15.1%	22.0%	10.9%	13.0%	18.5%	17.2%	15.9%
CTAS May	4.0%	9.2%	10.7%	11.5%	15.0%	17.1%	16.5%	14.2%	17.3%	17.0%
Peer median	9.3%	10.8%	12.6%	13.4%	16.2%	14.1%	12.0%	16.1%	12.5%	15.9%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	−18.4%	−1.5%	11.5%	10.2%	7.3%	7.4%	13.0%	18.9%	25.4%	28.2%
TDG Sep	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
FAST Dec	25.8%	27.6%	32.7%	29.7%	31.4%	30.4%	34.4%	34.5%	31.8%	31.9%
FDXF May	-	-	-	-	-	-	-	-	74.1%	56.2%
XYL Dec	11.9%	13.2%	19.8%	13.6%	8.6%	13.3%	10.2%	6.0%	8.4%	8.3%
ROK Sep	36.7%	31.0%	33.1%	172.1%	99.6%	56.8%	34.2%	38.9%	27.2%	23.8%
DOV Dec	13.4%	18.5%	20.6%	22.4%	20.2%	26.8%	24.9%	20.7%	38.8%	14.8%
AME Dec	15.7%	16.9%	18.3%	16.8%	14.7%	14.4%	15.5%	15.0%	14.3%	13.9%
IR Dec	−13.8%	1.2%	16.1%	8.5%	−0.4%	6.2%	6.6%	8.0%	8.2%	5.8%
CTAS May	37.6%	20.9%	27.9%	29.5%	27.1%	30.1%	37.4%	34.9%	36.4%	38.7%
Peer median	15.7%	18.5%	20.6%	22.4%	20.2%	26.8%	24.9%	20.7%	29.5%	19.3%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	1.58	1.39	1.21	1.52	1.52	1.21	1.16	0.92	0.73	0.57
TDG Sep	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
FAST Dec	0.20	0.20	0.22	0.13	0.15	0.13	0.18	0.08	0.06	0.03
FDXF May	-	-	-	-	-	-	-	-	-	0.03
XYL Dec	1.24	0.88	0.74	0.69	1.04	0.76	0.54	0.22	0.19	0.22
ROK Sep	0.99	0.69	1.10	5.58	1.95	1.67	1.41	0.83	1.04	0.88
DOV Dec	0.95	0.81	1.14	1.01	0.92	0.75	0.86	0.68	0.48	0.54
AME Dec	0.80	0.62	0.71	0.64	0.43	0.42	0.35	0.54	0.28	0.33
IR Dec	10.45	1.38	1.00	0.86	0.43	0.31	0.30	0.28	0.47	0.47
CTAS May	0.57	1.23	0.84	0.88	0.79	0.45	0.75	0.64	0.47	0.52
Peer median	0.95	0.81	0.84	0.86	0.79	0.45	0.54	0.54	0.47	0.40

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HWM Dec	−$2.31	−$0.28	$1.30	$1.03	-	$0.59	$1.11	$1.83	$2.81	$3.71
TDG Sep	$10.39	$7.88	$16.20	$13.84	$8.96	$10.41	$13.40	$22.03	$25.62	$32.08
FAST Dec	$0.43	$0.50	$0.66	$0.69	$0.74	$0.80	$0.94	$1.01	$1.00	$1.09
FDXF May	-	-	-	-	-	-	-	-	$10.53	$9.00
XYL Dec	$1.45	$1.83	$3.03	$2.21	$1.40	$2.35	$1.96	$2.79	$3.65	$3.92
ROK Sep	$5.56	$6.35	$4.21	$5.83	$8.77	$11.58	$7.97	$11.95	$8.28	$7.67
DOV Dec	$3.25	$5.15	$3.75	$4.61	$4.70	$7.74	$7.42	$7.52	$19.45	$7.94
AME Dec	$2.19	$2.94	$3.34	$3.75	$3.77	$4.25	$5.01	$5.67	$5.93	$6.40
IR Dec	−$0.25	$0.10	$1.29	$0.76	−$0.09	$1.34	$1.47	$1.90	$2.06	$1.45
CTAS May	$1.55	$1.09	$1.89	$2.00	$2.03	$2.56	$2.91	$3.25	$3.79	$4.40
Peer median	$1.87	$2.38	$3.18	$2.98	$2.90	$3.41	$3.96	$4.46	$5.93	$6.40

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out HWM and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on HWM in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/HWM/export.csv") into a cell.