Howmet Aerospace Inc.
Howmet Aerospace Inc. (HWM) is listed on NYSE and classified in Aerospace & Defense, part of the Industrials sector. It is headquartered in Pittsburgh, United States and has 25,430 employees. The company is worth $77.08B and trades at 41.7x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $8.25B in fiscal 2025, up 11.1% from the year before. Net income was $1.51B. The share price is 37.6% below its 52-week high of $310.00. It pays a dividend yielding 0.29%, and has raised its annual dividend for 5 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $758.17M. In that quarter, 3 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +685.5% over 5Y.
today you would have $7,550.43▲ +655.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 10 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $205.02 | $109.37 | $54.12 | $39.41 | $31.83 | $28.54 | $23.60 | $12.93 | $20.90 | $14.22 | |
| P/E | 37.2x | 55.3x | 38.9x | 29.6x | 35.5x | 53.9x | 48.0x | 22.9x | 9.9x | — | — |
| P/S | 2.5x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.3% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 37.2 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| NSCNorfolk Southern Corp | $338.23 | 28.9x | 4.7x | 1.60% | 16.98% | $75.97B |
| NOCNorthrop Grumman Corp | $552.35 | 17.4x | 4.2x | 1.79% | 26.07% | $78.47B |
| CNICanadian National Railway Co | $124.93 | 22.2x | 4.9x | 2.07% | 22.02% | $75.47B |
| VRTVertiv Holdings Co | $195.59 |
| 10.0x |
| 6.0x |
| 3.3x |
| 2.9x |
| 2.7x |
| 2.4x |
| 1.4x |
| 0.9x |
| 0.8x |
| 0.5x |
| P/B | 3.6x | 15.4x | 9.7x | 5.5x | 4.5x | 3.8x | 3.5x | 2.2x | 1.1x | 2.1x | 1.2x |
| EPS | $3.71 | $2.81 | $1.83 | $1.11 | $0.59 | $0.59 | $1.03 | $1.30 | -$0.28 | -$2.31 |
| Dividend yield | 0.28% | 0.21% | 0.24% | 0.31% | 0.25% | 0.13% | 0.05% | 0.39% | 1.42% | 0.88% | 0.49% |
| Payout | 9.13% | 11.86% | 9.25% | 9.29% | 9.01% | 6.78% | 2.58% | 8.93% | 14.16% | — | — |
| Profit margin | 7.45% | 18.27% | 15.55% | 11.52% | 8.28% | 5.19% | 4.96% | 6.62% | 9.47% | -0.57% | -7.59% |
| ROE | 10.88% | 28.17% | 25.36% | 18.95% | 13.02% | 7.35% | 7.30% | 10.24% | 11.52% | -1.51% | -18.40% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-48.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 44.3x |
| 15.8x |
| 0.13% |
| 43.94% |
| $75.3B |
| ITWIllinois Tool Works Inc | $279.24 | 25.1x | 27.5x | 2.46% | 104.62% | $79.53B |
| CPCanadian Pacific Kansas City Ltd | $90.62 | 28.3x | 2.4x | 0.84% | 8.15% | $79.66B |