Howmet Aerospace Inc. (HWM) Stock

Howmet Aerospace Inc. (HWM) is a Materials stock trading at $273.64 (as of 2026-08-20), with a market capitalization of $109.13B and a trailing P/E of 58.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

To write a compliant 1–2 sentence description, please provide Howmet Aerospace Inc.’s SEC 10-K Item 1 (Business) text, since the instructions require using that primary source as the sole basis for the summary.

Understand Howmet Aerospace Inc.: how it makes money

Howmet Aerospace Inc. makes and sells engineered components for aerospace and transportation customers, earning revenue through third-party sales across Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

The profit model is built on recurring third-party demand for high-value engineered parts, with Engine Products the largest revenue contributor across the four reportable segments.

Revenue by segment (latest quarter)
Engine Products$1.3B
Fastening Systems$0.5B
Engineered Structures$0.3B
Forged Wheels$0.3B

Business quality (Strong): Reported operating margin is strong (32.6%), and segment-level revenue is available for all four segments, but the provided dataset does not include gross margin or other deeper operational metrics beyond revenue.

Valuation: At 64× earnings, HWM trades 164% above the Steel Works average (24×). Note: one-time items can distort reported P/E.

Bull case

  • Largest revenue engine: Engine Products is the biggest segment by third-party revenue, listed at about 1.25B.
  • Broad segment footprint: Revenue is diversified across four reportable segments (Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels), each with its own third-party sales.
  • Strong profitability in the provided snapshot: Operating margin is reported at 32.6% for the latest period in the dataset.

Bear case

  • Exposure to customer purchasing activity: Because the company sells engineered parts to aerospace and transportation industries, results depend on customers buying its Engine Products, fastening systems, structures, and forged wheels.
  • Concentration risk within the mix: Engine Products is the largest segment contributor, so changes in demand or pricing for that segment could have an outsized effect versus smaller segments.
Valuation — source: SEC EDGAR (first-party)
Price$273.64
Market Cap$109.13B
P/E Ratio58.3
EV / EBITDA40.4
Price / Book19.04
Price / Sales11.97
FCF Yield1.6%
DCF Value (model)$53.28
DCF Upside vs Price-80.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.25B
Net Margin18.3%
Revenue Growth (YoY)24.1%
EPS Growth (YoY)31.7%
FCF Growth (YoY)39.2%
Financial Health — source: SEC EDGAR
Altman Z-Score13.37 (safe)
Valuation vs Sector & Industry
Stock P/E58.3
Sector P/E (Materials)25.1
Industry P/E (Steel Works)21.7
vs Sector132.6%
vs Industry169.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($11.05B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorMaterials
IndustrySteel Works
CEOJohn C. Plant
Employees23,930
CountryUS
IPO Date2016-11-01

Related Companies (Business model: Defense & Aerospace Prime (Defense Primes + Commercial Aerospace OEMs); 8 closest by market cap)

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HWM earnings history · HWM institutional & insider holders · HWM KPIs & operating metrics · HWM financials · HWM investor presentations & press releases · HWM SEC filings · HWM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.