Howmet AerospaceHWM

Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, and originally established in 1888 as Arconic Inc., is a global leader in providing sophisticated engineered solutions. The company caters to the aerospace and transportation sectors across a wide international footprint, including key markets such as the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, and China. Its business operations are structured into four main segments: Engine Products: This division manufactures critical components like airfoils and seamless rolled rings, primarily utilized in aircraft engines and industrial gas turbines, alongside various rotating and structural parts. Fastening Systems: This segment specializes in producing aerospace-grade fastening systems, as well as fasteners for commercial transportation, general industrial applications, and other uses. Engineered Structures: Responsible for supplying titanium ingots and mill products for aerospace and defense applications, this segment also provides aluminum and nickel forgings, and precision machined components and assemblies. Forged Wheels: This segment focuses on offering forged aluminum wheels and associated products specifically for the heavy-duty truck and commercial transportation markets.

Last
$255.69
1D
3.3%
1W
1.2%
1M
5.7%
Next earnings: July 30, 2026

Thesis

Written thesis in progress. We’re starting this library with the live quote, price chart, and financial snapshot first, then adding full commentary name by name.

Valuation and financials

Enterprise value
$99.5B
Market cap + debt − cash
Cash
$742M
Q4 FY2025 balance sheet
Debt
$3.1B
Q4 FY2025 balance sheet
Revenue
$11.6B
FY2028E
Next-year growth
7.8%
FY2029E vs FY2028E
Gross margin
31.5%
Q4 FY2025 reported
Operating margin
26.6%
Q4 FY2025 reported
Forward EV/S
8.5x
Enterprise value divided by forward revenue
Forward EV / op income
32.1x
EV over forward revenue × latest op margin
Price chart
Last 28 days
$255.69
+10.6%
$258$249$241$232$223
Mar 20Apr 17