PerpEquities

Equity · Industrials

Howmet Aerospace (HWM) perpetual futures

Howmet Aerospace provides engineered solutions for aerospace and transportation, including engine products, fastening systems, engineered structures, and forged wheels.

+1.7%NYSE closed
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Perpetual market activity

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24h volume
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Tightest spread
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Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+1.73%
5D+1.52%
1M-16.07%
6M-0.67%
YTD+12.02%
1Y+19.53%

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Company data

Company fundamentals

Updated 29m ago
Market cap
$91.9B
Updated 29m ago
Revenue
$9.1B
Trailing 12 months
Revenue growth
+22%
Next fiscal year
Profit margin
+20.5%
P/E
49.2
Peer P/E 20.4
Free cash flow
$1.6B
Trailing 12 months
More metrics
Net income
$1.9B
Trailing 12 months
P/S
10.1
Peer P/E
20.4
Similar listed perps
Revenue estimate
$10.1B
Next fiscal year
Earnings
2026-10-29
Revenue est. $2.6B · Updated 29m ago
Dividend
$0.14
2026-08-07

Fundamental detail

Annual + quarterly
Latest revenue$8.3B
Net margin+18.3%
Free cash flow$1.4B
Net debt$2.3B
2020$5.3B
2021$5B
2022$5.7B
2023$6.6B
2024$7.4B
2025$8.3B
PeriodRevenueGrowthNet incomeFCF
2020$5.3B-26%$211M-$258M
2021$5B-5%$258M$250M
2022$5.7B+14%$469M$540M
2023$6.6B+17%$765M$682M
2024$7.4B+12%$1.2B$977M
2025$8.3B+11%$1.5B$1.4B
PeriodGross marginOperating marginNet marginROEROA
2020+21.7%+16.1%+4.0%+5.9%+1.8%
2021+22.8%+17.4%+5.2%+7.4%+2.5%
2022+23.9%+18.3%+8.3%+13.0%+4.6%
2023+24.3%+18.8%+11.5%+18.9%+7.3%
2024+27.6%+22.5%+15.5%+25.4%+11.0%
2025+30.7%+25.8%+18.3%+28.2%+13.5%
PeriodCashDebtNet debtCurrent ratio
2020$1.6B$5.2B$3.6B2.21
2021$720M$4.3B$3.6B2.18
2022$791M$4.3B$3.5B2.12
2023$610M$3.8B$3.2B1.86
2024$564M$3.5B$2.9B2.17
2025$742M$3.1B$2.3B2.13
PeriodMarket capEnterprise valueP/SP/E
2020$12.4B$16B2.459.5
2021$13.7B$17.3B2.853.1
2022$16.4B$19.9B2.935.2
2023$22.3B$25.5B3.429.3
2024$44.6B$47.5B6.038.6
2025$82.8B$85.1B10.055.0
Q3 2024$1.8B
Q4 2024$1.9B
Q1 2025$1.9B
Q2 2025$2.1B
Q3 2025$2.1B
Q4 2025$2.2B
Q1 2026$2.3B
Q2 2026$2.5B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$1.8B+11%$332M$162M
Q4 2024$1.9B+9%$314M$378M
Q1 2025$1.9B+6%$344M$134M
Q2 2025$2.1B+9%$407M$344M
Q3 2025$2.1B+14%$385M$202M
Q4 2025$2.2B+15%$372M$530M
Q1 2026$2.3B+19%$580M$359M
Q2 2026$2.5B+24%$534M$479M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+28.0%+22.9%+18.1%+7.4%+3.1%
Q4 2024+28.6%+24.2%+16.6%+6.9%+3.0%
Q1 2025+30.0%+25.2%+17.7%+7.2%+3.2%
Q2 2025+30.2%+25.4%+19.8%+8.1%+3.7%
Q3 2025+31.2%+25.9%+18.4%+7.5%+3.4%
Q4 2025+31.5%+26.6%+17.2%+6.9%+3.3%
Q1 2026+36.9%+32.6%+25.1%+10.5%+4.4%
Q2 2026+37.3%+27.9%+21.0%+9.3%+4.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$475M$3.4B$2.9B2.24
Q4 2024$564M$3.5B$2.9B2.17
Q1 2025$536M$3.5B$2.9B2.30
Q2 2025$545M$3.4B$2.9B2.31
Q3 2025$660M$3.5B$2.8B2.35
Q4 2025$742M$3.1B$2.3B2.13
Q1 2026$2.4B$4.7B$2.3B2.44
Q2 2026$563M$4.5B$3.9B1.82
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$40.9B$43.8B22.330.9
Q4 2024$44.4B$47.3B23.535.5
Q1 2025$52.5B$55.5B27.138.2
Q2 2025$75.4B$78.3B36.746.1
Q3 2025$79.1B$81.9B37.951.1
Q4 2025$82.4B$84.7B38.055.1
Q1 2026$92.4B$94.7B40.039.7
Q2 2026$107.5B$111.5B42.250.5

Refreshed 29m ago

Charts: revenue, profit, cash flow & valuation
Revenue$2.5BQ2 2026
$636.8M$1.3B$1.9B$2.5BQ3 2023: $1.7BQ4 2023: $1.7BQ1 2024: $1.8BQ2 2024: $1.9BQ3 2024: $1.8BQ4 2024: $1.9BQ1 2025: $1.9BQ2 2025: $2.1BQ3 2025: $2.1BQ4 2025: $2.2BQ1 2026: $2.3BQ2 2026: $2.5BQ3 2023Q2 2026
Net income$534MQ2 2026
$145M$290M$435M$580MQ3 2023: $188MQ4 2023: $236MQ1 2024: $243MQ2 2024: $266MQ3 2024: $332MQ4 2024: $314MQ1 2025: $344MQ2 2025: $407MQ3 2025: $385MQ4 2025: $372MQ1 2026: $580MQ2 2026: $534MQ3 2023Q2 2026
EBITDA$784MQ2 2026
$206.3M$412.5M$618.8M$825MQ3 2023: $364MQ4 2023: $390MQ1 2024: $419MQ2 2024: $452MQ3 2024: $466MQ4 2024: $505MQ1 2025: $554MQ2 2025: $576MQ3 2025: $604MQ4 2025: $540MQ1 2026: $825MQ2 2026: $784MQ3 2023Q2 2026
Free cash flow$479MQ2 2026
$132.5M$265M$397.5M$530MQ3 2023: $132MQ4 2023: $403MQ1 2024: $95MQ2 2024: $342MQ3 2024: $162MQ4 2024: $378MQ1 2025: $134MQ2 2025: $344MQ3 2025: $202MQ4 2025: $530MQ1 2026: $359MQ2 2026: $479MQ3 2023Q2 2026
EPS$1.33Q2 2026
$0.36$0.72$1.08$1.44Q3 2023: $0.45Q4 2023: $0.57Q1 2024: $0.59Q2 2024: $0.65Q3 2024: $0.81Q4 2024: $0.77Q1 2025: $0.84Q2 2025: $1Q3 2025: $0.95Q4 2025: $0.92Q1 2026: $1.44Q2 2026: $1.33Q3 2023Q2 2026
Cash / Debt$563MQ2 2026
$1.2B$2.3B$3.5B$4.7BQ3 2023 · Cash: $424MQ3 2023 · Debt: $3.9BQ4 2023 · Cash: $610MQ4 2023 · Debt: $3.8BQ1 2024 · Cash: $534MQ1 2024 · Debt: $3.7BQ2 2024 · Cash: $753MQ2 2024 · Debt: $3.8BQ3 2024 · Cash: $475MQ3 2024 · Debt: $3.4BQ4 2024 · Cash: $564MQ4 2024 · Debt: $3.5BQ1 2025 · Cash: $536MQ1 2025 · Debt: $3.5BQ2 2025 · Cash: $545MQ2 2025 · Debt: $3.4BQ3 2025 · Cash: $660MQ3 2025 · Debt: $3.5BQ4 2025 · Cash: $742MQ4 2025 · Debt: $3.1BQ1 2026 · Cash: $2.4BQ1 2026 · Debt: $4.7BQ2 2026 · Cash: $563MQ2 2026 · Debt: $4.5BQ3 2023Q2 2026
CashDebt
Profitability+37.3%Q2 2026
+9.3%+18.7%+28.0%+37.3%Q3 2023 · Gross margin: +24.4%Q4 2023 · Gross margin: +26.1%Q1 2024 · Gross margin: +25.6%Q2 2024 · Gross margin: +27.9%Q3 2024 · Gross margin: +28.0%Q4 2024 · Gross margin: +28.6%Q1 2025 · Gross margin: +30.0%Q2 2025 · Gross margin: +30.2%Q3 2025 · Gross margin: +31.2%Q4 2025 · Gross margin: +31.5%Q1 2026 · Gross margin: +36.9%Q2 2026 · Gross margin: +37.3%Q3 2023 · Operating margin: +18.6%Q4 2023 · Operating margin: +20.7%Q1 2024 · Operating margin: +20.2%Q2 2024 · Operating margin: +22.3%Q3 2024 · Operating margin: +22.9%Q4 2024 · Operating margin: +24.2%Q1 2025 · Operating margin: +25.2%Q2 2025 · Operating margin: +25.4%Q3 2025 · Operating margin: +25.9%Q4 2025 · Operating margin: +26.6%Q1 2026 · Operating margin: +32.6%Q2 2026 · Operating margin: +27.9%Q3 2023 · Net margin: +11.3%Q4 2023 · Net margin: +13.6%Q1 2024 · Net margin: +13.3%Q2 2024 · Net margin: +14.1%Q3 2024 · Net margin: +18.1%Q4 2024 · Net margin: +16.6%Q1 2025 · Net margin: +17.7%Q2 2025 · Net margin: +19.8%Q3 2025 · Net margin: +18.4%Q4 2025 · Net margin: +17.2%Q1 2026 · Net margin: +25.1%Q2 2026 · Net margin: +21.0%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+24.1%Q2 2026
+6.0%+12.0%+18.0%+24.1%Q2 2024: +14.1%Q3 2024: +10.7%Q4 2024: +9.2%Q1 2025: +6.5%Q2 2025: +9.2%Q3 2025: +13.8%Q4 2025: +14.6%Q1 2026: +19.1%Q2 2026: +24.1%Q3 2023Q2 2026
Shares outstanding402MQ2 2026
103.8M207.5M311.3M415MQ3 2023: 415MQ4 2023: 413.9MQ1 2024: 412MQ2 2024: 411MQ3 2024: 410MQ4 2024: 408MQ1 2025: 407MQ2 2025: 407MQ3 2025: 405MQ4 2025: 404MQ1 2026: 403MQ2 2026: 402MQ3 2023Q2 2026
Valuation50.5Q2 2026
13.827.641.355.1Q3 2023 · P/E: 25.7Q4 2023 · P/E: 23.7Q1 2024 · P/E: 28.0Q2 2024 · P/E: 29.7Q3 2024 · P/E: 30.9Q4 2024 · P/E: 35.5Q1 2025 · P/E: 38.2Q2 2025 · P/E: 46.1Q3 2025 · P/E: 51.1Q4 2025 · P/E: 55.1Q1 2026 · P/E: 39.7Q2 2026 · P/E: 50.5Q3 2023 · P/S: 11.5Q4 2023 · P/S: 12.9Q1 2024 · P/S: 14.9Q2 2024 · P/S: 16.8Q3 2024 · P/S: 22.3Q4 2024 · P/S: 23.5Q1 2025 · P/S: 27.1Q2 2025 · P/S: 36.7Q3 2025 · P/S: 37.9Q4 2025 · P/S: 38.0Q1 2026 · P/S: 40.0Q2 2026 · P/S: 42.2Q3 2023Q2 2026
P/EP/S
Revenue$8.3B2025
$3.5B$7B$10.5B$14B2018: $14B2019: $7.1B2020: $5.3B2021: $5B2022: $5.7B2023: $6.6B2024: $7.4B2025: $8.3B20182025
Net income$1.5B2025
$377M$754M$1.1B$1.5B2018: $642M2019: $470M2020: $211M2021: $258M2022: $469M2023: $765M2024: $1.2B2025: $1.5B20182025
EBITDA$2.3B2025
$568.5M$1.1B$1.7B$2.3B2018: $1.8B2019: $843M2020: $831M2021: $853M2022: $1.1B2023: $1.5B2024: $1.8B2025: $2.3B20182025
Free cash flow$1.4B2025
-$55.5M$440M$935.5M$1.4B2018: -$551M2019: -$180M2020: -$258M2021: $250M2022: $540M2023: $682M2024: $977M2025: $1.4B20182025
EPS$3.712025
$0.93$1.86$2.78$3.712018: $1.282019: $1.022020: $0.482021: $0.592022: $1.112023: $1.832024: $2.812025: $3.7120182025
Cash / Debt$742M2025
$1.6B$3.2B$4.7B$6.3B2018 · Cash: $2.3B2018 · Debt: $6.3B2019 · Cash: $1.6B2019 · Debt: $6.2B2020 · Cash: $1.6B2020 · Debt: $5.2B2021 · Cash: $720M2021 · Debt: $4.3B2022 · Cash: $791M2022 · Debt: $4.3B2023 · Cash: $610M2023 · Debt: $3.8B2024 · Cash: $564M2024 · Debt: $3.5B2025 · Cash: $742M2025 · Debt: $3.1B20182025
CashDebt
Profitability+30.7%2025
+7.7%+15.4%+23.1%+30.7%2018 · Gross margin: +14.6%2019 · Gross margin: +22.8%2020 · Gross margin: +21.7%2021 · Gross margin: +22.8%2022 · Gross margin: +23.9%2023 · Gross margin: +24.3%2024 · Gross margin: +27.6%2025 · Gross margin: +30.7%2018 · Operating margin: +9.6%2019 · Operating margin: +16.7%2020 · Operating margin: +16.1%2021 · Operating margin: +17.4%2022 · Operating margin: +18.3%2023 · Operating margin: +18.8%2024 · Operating margin: +22.5%2025 · Operating margin: +25.8%2018 · Net margin: +4.6%2019 · Net margin: +6.6%2020 · Net margin: +4.0%2021 · Net margin: +5.2%2022 · Net margin: +8.3%2023 · Net margin: +11.5%2024 · Net margin: +15.5%2025 · Net margin: +18.3%20182025
Gross marginOperating marginNet margin
Revenue growth+11.1%2025
-32.7%-16.1%+0.6%+17.3%2019: -49.4%2020: -25.9%2021: -5.5%2022: +13.9%2023: +17.3%2024: +11.9%2025: +11.1%20182025
Shares outstanding406M2025
125.8M251.5M377.3M503M2018: 503M2019: 463M2020: 439M2021: 435M2022: 421M2023: 416M2024: 410M2025: 406M20182025
Valuation55.02025
14.929.744.659.52018 · P/E: 12.52019 · P/E: 28.52020 · P/E: 59.52021 · P/E: 53.12022 · P/E: 35.22023 · P/E: 29.32024 · P/E: 38.62025 · P/E: 55.02018 · P/S: 0.62019 · P/S: 1.92020 · P/S: 2.42021 · P/S: 2.82022 · P/S: 2.92023 · P/S: 3.42024 · P/S: 6.02025 · P/S: 10.020182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $2.6B · Updated 29m ago
Dividend
$0.14
2026-08-07

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.33$10.1B+22%14
FY 20276.51$11.5B+39%14
FY 20287.72$12.8B+55%15
FY 20299.05$14.2B+72%9
FY 20309.21$14.8B+79%6
Q1 20271.48$2.7B+18%4

Company events

6
2026-10-29EarningsActual - / Estimate 1.36-
2026-08-07Dividend$0.14-
2026-08-06EarningsActual 1.33 / Estimate 1.24Beat
2026-05-08Dividend$0.12-
2026-05-07EarningsActual 1.22 / Estimate 1.11Beat
2026-02-12EarningsActual 1.05 / Estimate 0.97Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
GD$95.5B1.721.2+8.2%2PWR$95.7B2.972.0+4.1%1VRT$96B8.455.2+15.1%13NOC$74.9B1.716.7+10.5%3LMT$123.2B1.619.6+8.2%6ROK$46.2B5.238.9+13.4%5SUMIELEC$41.3B1.216.2+7.6%2RKLB$37.4B48.6-233.2-21.5%23

Analyst track record

How the analysts covering HWM have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings97288
Analysts2027
Buy / hold / sell86 / 11 / 0257 / 30 / 1
Upgrades / downgrades / initiations0 / 0 / 53 / 3 / 11
Price targets hit / missed7 / 77 (8%)189 / 77 (71%)
Avg. return after a rating (TipRanks)-19.8%+84.7%
Best / worst call+8.0% / -39.8%+380.3% / -39.8%

After buy calls on this stock: median 21-day move +2.3% vs S&P 500 +0.8% (n = 253)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Sheila KahyaogluJefferies100% hit rate on this stock · 15 targets measuredBuytarget $370Aug 10, 2026
  2. Ronald EpsteinBank of America Securities100% hit rate on this stock · 12 targets measuredBuytarget $350Sep 14, 2026
  3. Michael CiarmoliTruist Financial100% hit rate on this stock · 11 targets measuredBuytarget $280Mar 12, 2026

Latest ratings

DateAnalystCallTarget
Sep 14, 2026Unknown AnalystGuggenheimBuyInitiated$350article ↗
Sep 14, 2026Unknown AnalystGuggenheimBuyInitiated$350article ↗
Sep 14, 2026Ronald EpsteinBank of America SecuritiesBuyReiterated$350article ↗
Sep 10, 2026Kristina RuggeriArgus ResearchBuyMaintained–article ↗
Sep 2, 2026Scott DeuschleDeutsche BankBuyMaintained$343article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$200$220$240$260$280$300$320$340Oct 25 · Buy 16 · Hold 2 · Sell 0Oct 25Nov 25 · Buy 16 · Hold 1 · Sell 0Dec 25 · Buy 17 · Hold 1 · Sell 0Dec 25Jan 26 · Buy 13 · Hold 1 · Sell 0Feb 26 · Buy 14 · Hold 1 · Sell 0Feb 26Mar 26 · Buy 14 · Hold 2 · Sell 0Apr 26 · Buy 14 · Hold 3 · Sell 0Apr 26May 26 · Buy 13 · Hold 3 · Sell 0Jun 26 · Buy 13 · Hold 3 · Sell 0Jun 26Jul 26 · Buy 13 · Hold 3 · Sell 0Aug 26 · Buy 13 · Hold 3 · Sell 0Aug 26Sep 26 · Buy 14 · Hold 3 · Sell 0Oct 25 · avg. target $213Nov 25 · avg. target $226Dec 25 · avg. target $227Jan 26 · avg. target $238Feb 26 · avg. target $278Mar 26 · avg. target $278Apr 26 · avg. target $275May 26 · avg. target $296Jun 26 · avg. target $299Jul 26 · avg. target $305Aug 26 · avg. target $334Sep 26 · avg. target $341Oct 25 · month-end close $206Nov 25 · month-end close $205Dec 25 · month-end close $205Jan 26 · month-end close $208Feb 26 · month-end close $263Mar 26 · month-end close $230Apr 26 · month-end close $243May 26 · month-end close $258Jun 26 · month-end close $269Jul 26 · month-end close $282Aug 26 · month-end close $245Sep 26 · month-end close $226

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 97 ratings

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