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Howmet Aerospace Inc. HWM

NYSE · stock · Rolling Drawing & Extruding of Nonferrous Metals · website · IPO 1951-06-11 · LEI

Howmet Aerospace Inc. statistics & valuation

Market cap$107.6B
P / E71.3×
P / S13.0×
P / B20.1×
P / FCF75.2×
Net margin18.3%
Return on equity28.2%
FCF margin17.3%
Net debt$2.3B
Net debt / EBITDA1×
Enterprise value USD$109.9B
EV / EBITDA47.2×
Earnings yield EBIT/EV1.9%
Return on capital21.7%
Graham number -88.2%$33.18

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($33.18); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-7.60% -0.60% 4.60% 6.60% 5.00% 5.20% 8.30% 11.50% 15.50% 18.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
7.70% 3.70% 5.50% 8.20% 11.90% 15.00% 16.20% 18.10% 22.00% 24.80% 2016201720182019202020212022202320242025
Return on equity (%)
-18.30% -1.50% 11.50% 10.20% 7.30% 7.40% 13.00% 18.90% 25.40% 28.20% 2016201720182019202020212022202320242025
Shares outstanding
438.5M 481.4M 503.0M 463.0M 439.0M 435.0M 421.0M 416.0M 410.0M 406.0M 2016201720182019202020212022202320242025
Net debt ($)
$6.18B $4.66B $4.02B $4.36B $3.46B $3.51B $3.37B $3.10B $2.75B $2.31B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-4.70% -0.40% 3.40% 2.70% 2.30% 2.50% 4.60% 7.30% 11.00% 13.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-8.30% -4.90% -3.90% -2.50% -4.90% 5.00% 9.50% 10.30% 13.10% 17.30% 2016201720182019202020212022202320242025
Debt / equity (×)
1.57× 1.39× 1.13× 1.29× 1.42× 1.21× 1.16× 0.92× 0.73× 0.57× 2016201720182019202020212022202320242025
EPS ($)
-$2.31 -$0.28 $1.30 $1.03 $0.59 $1.11 $1.83 $2.81 $3.71 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Howmet Aerospace Inc. trades at about 75.9× earnings — above its 10-year norm (10-year range 11.1×–56.1×, median 36.7×).

11.1× 75.9×

Shaded band = 10-year range (11.1×–56.1×); dot = today's 75.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin24.8%22.0%18.1%16.2%15.0%11.9%8.2%5.5%3.7%7.7%
Net margin18.3%15.5%11.5%8.3%5.2%5.0%6.6%4.6%-0.6%-7.6%
FCF margin17.3%13.1%10.3%9.5%5.0%-4.9%-2.5%-3.9%-4.9%-8.3%
Return on assets13.5%11.0%7.3%4.6%2.5%2.3%2.7%3.4%-0.4%-4.7%
Return on equity28.2%25.4%18.9%13.0%7.4%7.3%10.2%11.5%-1.5%-18.3%
Debt / equity0.57×0.73×0.92×1.16×1.21×1.42×1.29×1.13×1.39×1.57×
Current ratio2.132.171.862.122.182.211.421.872.262.14

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.