Loading…
Howmet Aerospace
S&P 500
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 69 Forming View all →
📈 Stage 2 detected Find the fundamental catalyst → → run Growth Triggers in Ask AI
$109.8B
Market Cap
55.3
P/E
2.07
PEG
22.4%
ROCE
30.4%
ROE
0.53
D/E
24.8%
OPM
-8.0%
% from 52W High
77
α RS
🔍 HWM is showing a high-conviction setup because it matches 18 of 37 tracked screener presets, RS Rating is 77, and an ECS of 55.9 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating ECS
Sources
Conviction 18/37 · RS Rating 77 · ECS 55.9
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for HWM including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding HWM
View All Superinvestors →
Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 429.5K $99.0M 0.15% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$2.55B
+24% YoY
Operating Income
$711M
+36% YoY
Operating Margin (Adjusted)
28.8%
+3.5pp YoY
EPS (Adjusted)
$1.33
+46% YoY
What Went Right
  • Revenue grew 24% YoY to $2.55B, with organic growth of 21%, accelerating from 19% in Q1.
  • EBITDA rose 39% to $817M with 46% incremental flow-through; EBITDA margin expanded 340bps to 32.1%, exceeding the high end of guidance.
  • Engine Products delivered EBITDA up 51% to $517M, margin up 470bps to 37.7%, and gas turbine revenue grew 38%.
What to Watch
  • CAM acquisition diluted second-quarter margins; synergies are expected to show more meaningfully in 2027.
  • Forged Wheels volumes fell 8% YoY and aluminum cost pass-through diluted segment margin by ~360bps YoY, with pressure likely continuing for the next couple of quarters.
  • Management flagged potential Middle East/rate macro headwinds and said defense spares uplift is anticipated but not yet reflected in orders.
Management Guidance
  • Q3 2026: revenue baseline $2.575B (range $2.565-$2.585B), adjusted EBITDA baseline $830M (range $825-$835M), adjusted EPS baseline $1.35 (range $1.34-$1.36).
  • FY 2026 raised to revenue baseline $10.05B (range $10.00-$10.10B), adjusted EBITDA baseline $3.23B (range $3.21-$3.25B), adjusted EPS baseline $5.27 (range $5.23-$5.31), and FCF baseline $1.9B (range $1.85-$1.95B).
  • Management expects 2027 revenue above 2026, plans to provide initial 2027 revenue on the Q3 call, sees 2026 CapEx exceeding $500M with a further step-up in 2027, and targets leverage returning to ~1x net debt/EBITDA by year-end.
Investor Lens
Stronger. Howmet beat the high end of guidance and raised FY26 revenue, EBITDA and EPS, with organic growth accelerating to 21% and 46% incremental margins. The IGT super-cycle and aerospace ramp provide multi-year visibility, and FCF supports buybacks, a 17% dividend hike and further M&A optionality. Near-term margin noise from CAM and aluminum pass-through is manageable against the growth trajectory.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG Beat and raise: Q2 EBITDA +39% to $817M, margin 32.1%
Revenue
Q2 revenue rose 24% YoY to $2.55B; organic growth was 21%, accelerating from 19% in Q1. Growth was led by gas turbines (+38%) and commercial aerospace (+28%), with defense aerospace +11%, commercial transportation +12%, and other +39% from Brunner.
Profitability
Adjusted EBITDA rose 39% to $817M on 46% incremental flow-through, and adjusted EPS was $1.33, up 46% YoY. GAAP EPS was also $1.33 versus $1.00 in 2025. Net income was not separately disclosed on the call.
Margins
EBITDA margin expanded 340bps to 32.1% despite CAM dilution; adjusted operating margin increased 350bps to 28.8%. Segment margins included Engine Products up 470bps to 37.7%, Fasteners up 90bps to 30.1%, and Structures up 170bps to 23.8%, while Forged Wheels EBITDA rose 16% but margin was pressured by aluminum pass-through.
Balance Sheet
Q2 free cash flow was $479M on $104M CapEx, with cash at quarter-end of $564M and net debt/EBITDA at 1.4x after CAM. Management expects leverage to return to ~1x by year-end and CapEx to exceed $500M in 2026, with another step-up planned in 2027.
Key Risks
Forged Wheels margins will likely remain diluted by sharply higher aluminum pass-through for the next couple of quarters. Middle East conflict and higher rates are macro watch items, though no change in customer demand has been seen. Defense spares uplift and missile rate increases are anticipated but not yet fully reflected in orders.
Outlook
Q3 guide is revenue baseline $2.575B, EBITDA baseline $830M and EPS baseline $1.35. FY26 guide is raised to revenue $10.05B, EBITDA $3.23B, EPS $5.27 and FCF $1.9B; management expects to provide initial 2027 revenue on the Q3 call.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Revenue and EBITDA grew strongly year-over-year, driven by robust demand in aerospace and gas turbines, with all segments showing margin expansion. Guidance for 2026 was raised across all key metrics, supported by strong cash flow, ongoing capacity investments, and successful M&A integration.
Q1 2026 Q1 2026 2026-05-07
Q1 2026 saw record revenue, EBITDA, and EPS growth, driven by strong aerospace and gas turbine demand, robust spares sales, and strategic M&A. Guidance for 2026 was raised, with continued investment in growth and capital returns, despite macroeconomic uncertainties.
Q4 2025 Q4 2025 2026-02-12
Q4 and full-year 2025 saw record revenue, EBITDA, and EPS, driven by strong growth in commercial aerospace, defense, and gas turbines. Free cash flow and margins improved, with robust capital deployment in share buybacks, dividends, and acquisitions. 2026 guidance anticipates continued double-digit growth, with significant investments in capacity and technology.
Q3 2025 Q3 2025 2025-10-30
Q3 2025 saw record revenue, EBITDA, and EPS, driven by strong aerospace and industrial demand. Free cash flow and capital returns were robust, with guidance raised for 2025 and 2026. High capital investment continues, especially in engines and gas turbines.
Q2 2025 Q2 2025 2025-07-31
Second quarter results exceeded expectations with 9% revenue growth, record EBITDA margin, and strong free cash flow. Guidance for the full year was raised across all key metrics, supported by robust aerospace and industrial demand and ongoing capacity investments.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.