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Howmet Aerospace HWM Operating margin

Operating margin at other companies

Barnes Group logo
Barnes GroupB
6.8%+0.6pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
10.9%+2.7pp
ATI logo
ATIATI
14.3%0.0pp
HEICO logo
HEICOHEI
23.5%+1.5pp
Dover logo
DoverDOV
16.7%+0.5pp
Carpenter Technology logo
Carpenter TechnologyCRS
21.3%+5.0pp

Other financials

Income statement

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Revenue$2.3B+19.1%
Gross profit$854.0M+31.0%
Operating income$753.0M+52.4%
Net income$580.0M+68.6%
EPS (diluted)$1.44+71.4%

Balance sheet

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Cash & equivalents$2.4B+354%
Total debt$5.3B+52.1%
Total equity$5.5B+15.2%
Total assets$13.1B+21.3%

Cash flow

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Operating cash flow$453.0M+79.1%
CapEx$94.0M-21.0%
Free cash flow$359.0M+168%

Valuation

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Market cap$113.32B+75.9%
Enterprise value$116.18B+71.7%
P/E65×+13.7×
P/S13.1×+4.6×

Profitability

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Gross margin35%+2.9pp
Net margin20.2%+3.6pp

Returns & leverage

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Return on equity33.8%+5.5pp
Debt / equity+0.2×
Current ratio2.4×+0.1×

Where this comes from

Calculated from Howmet Aerospace’s reported figures.

Based on trailing twelve months.

The official record: Howmet Aerospace’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Howmet Aerospace's operating margin?
Howmet Aerospace (HWM) reported operating margin of 26.7% in Q1 2026.
How has Howmet Aerospace's operating margin changed year-over-year?
Howmet Aerospace's operating margin increased by 14.8% year-over-year, from 23.3% to 26.7%.
What is the long-term trend for Howmet Aerospace's operating margin?
Over 4 years (2021 to 2025), Howmet Aerospace's operating margin has grown at a 14.0% compound annual growth rate (CAGR), from 57.7% to 97.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.