Howmet Aerospace (HWM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Howmet Aerospace

NYSE•Industrials•Aerospace & Defense

$225.76-1.97(-0.01%)After hours

Market Cap

$90.30B

P/E

48.3x

P/S

9.9x

P/B

15.8x

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating and structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners; and latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications; and titanium forgings, extrusions, and forming and machining services for airframe, wing, aero-engine, and landing gear components. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. Howmet Aerospace Inc. was founded in 1888 and is based in Pittsburgh, Pennsylvania.

How this company scores

ExcellentMetricSide Score: 84/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability22/25

Growth25/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 48.3x5y range 29.1x – 55.7x

Currently above its 20-quarter median.

P/S · 9.9x5y range 2.4x – 10.4x

Currently above its 20-quarter median.

P/B · 15.8x5y range 3.8x – 16.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $90.30B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.12B
Q. Revenue: $2.55B
TTM EBITDA: $2.80B
TTM Op. Income: $2.50B
Q. Op. Income: $711.00M
TTM Net Income: $1.87B
Q. Net Income: $534.00M
EPS: $1.33
Shares Out.: $400.00M

$9.12B in TTM revenue grew 18.1% YoY, reaching $2.55B last quarter. TTM EBITDA of $2.80B and TTM operating income of $2.50B show growth is flowing through to the bottom line. TTM net income of $1.87B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 34.0%
EBITDA Margin: 31.2%
Op. Margin: 27.9%
Net Margin: 21.0%

Op. margin of 27.9% is up 2.5% YoY — cost efficiency is improving. Net margin at 21.0% and gross margin of 34.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 10% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 48.3x
P/S Ratio: 9.9x
P/B Ratio: 15.8x

At 48.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 9.9x and P/B of 15.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $13.25B
Cash: $563.00M
Long-Term Debt: $4.05B
Book Value: $5.73B
D/E Ratio: 0.7
Debt/EBITDA: 5.1

With $13.25B in assets and $4.05B in long-term debt, D/E is 0.7and book value is $5.73B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 10% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $583.00M
TTM Free Cash Flow: $1.79B
FCF Margin: 19.6%
FCF / Net Income: 1.0

TTM FCF of $1.79B on $583.00M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.