# Howmet Aerospace Inc. (HWM) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Aerospace & Defense. Price $223.12, market value $88.7 billion.

## Valuation
- **P/E (trailing): 43.7×** (5-yr avg 42.3×, 3-yr avg 41.1×). Howmet Aerospace Inc. trades at 43.7× trailing earnings, close to its own five-year average of 42.3×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 33.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.05**. A PEG of 1.05 is in the range usually read as fairly priced for its growth.
- **Price / sales: 9.1×**. Each dollar of revenue is priced at 9.1×.
- **Price / book: 15.4×**. The shares trade at 15.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 29.8×**. Enterprise value is 29.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.2%** (5-yr avg 2.4%). Free cash flow equals 2.2% of the market value, in line with its five-year average of 2.4%.
- **Earnings yield: 2.3%**. The inverse of the P/E: 2.3% of the price is earned each year.

## Profitability
- **Operating margin: 28.1%**. 28.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 18.3%**. 18.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.2%**. 28.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 28.2%**. Return on all capital, debt included, is 28.2%: comfortably above what that capital costs.
- **Return on assets: 18.4%**. Each dollar of assets produces 18.4% of profit.

## Growth
- **Revenue growth (1 yr): 11.1%** (3-yr 13.4%/yr, 5-yr 9.4%/yr). Revenue grew 11.1% over the last year, against 9.4% a year compounded over five years.
- **EPS growth (1 yr): 32.0%** (3-yr 49.5%/yr). Earnings per share rose 32.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 38.4%/yr**. Free cash flow has compounded at 38.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.57**. Debt is 0.57 times equity, moderate leverage.
- **Net debt / EBITDA: 0.8×**. It would take 0.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 2.13** (quick 2.13). Current assets cover the next year's liabilities 2.13 times.
- **Altman Z-score: 11.37**. A Z-score of 11.37 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.25%** ($0.50 per share, trailing). Howmet Aerospace Inc. yields 0.25%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 12%**. 12% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 95.7%/yr** (1-yr 69.2%). The dividend has compounded at 95.7% a year over five years, doubling roughly every 1 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (20 analysts). 20 analysts cover Howmet Aerospace Inc.; the consensus is strong_buy, with an average price target of $306.75 (+37% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 3.6%** (YTD 4.0%, 3-mo -25.6%). The shares are up 3.6% over twelve months including dividends.
- **From 52-week high: -28.0%** (21.6% above the low). Trading 28% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 1.11** (volatility 36%). Beta of 1.11 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HWM · Page: https://foliofundamentals.com/stocks/hwm

Not investment advice.