HWM · Howmet Aerospace Inc.
$229.50
+1.12 (+0.49%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$92.71B
Shares
398.80M
Volume · Oct 1
2.63M
Avg daily vol (3M)
2.71M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$228.38
Open$225.65
Day$224.88–229.75
52W close$184.09–292.65
Avg vol 30d3.5M
Short int9.9M · 2.5% float · 2.1d
Short vol24%
Last earningsAug 6, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 5, 2026
Est · unconfirmed
· in 5 wks
filed Aug 6, 2026
call held Aug 6, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$9.12B
Trailing 12 months
Net income (TTM)
$1.87B
Trailing 12 months
Revenue growth YoY
+24.1%
Year over year
Operating margin
27.4%
Trailing 12 months
P / E (TTM)
48.7
Trailing earnings · reciprocal yield 2.1%
FCF yield
1.9%
TTM · current market cap
Return on invested capital
21.2%
Trailing 12 months
Net cash
−$3.94B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-1.0%
Year over year · fewer shares
Price change (1Y)
+15.3%
Trailing year
Short interest
2.5%
Latest settlement · 2.1 days to cover
AI Brief
Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26
TL;DR. Howmet delivered Q2 revenue up 24% (organic 21%), adjusted EBITDA up 39% with margin expanding 340bps, and raised full-year 2026 guidance across revenue, EBITDA, EPS, and free cash flow, while completing the CAM acquisition and growing the quarterly dividend 17%.
Bullish
- + Adjusted EBITDA margin expanded 340bps to 32.1% while absorbing the CAM acquisition
- + Full-year 2026 guidance raised across revenue, EBITDA, EPS, and free cash flow
- + Free cash flow of $479 million in Q2 with leverage targeted to return to ~1x net debt/EBITDA by year-end
- + All major end markets grew, with gas turbines up 38%, commercial aerospace up 28%, and defense aerospace up 11%
Bearish
- − Engineered Structures revenue declined 13% and EBITDA fell 6% due to Savannah divestiture and product rationalization
- − Capital expenditure requirements stepping up materially in 2027 to support growth investments
- − CAM integration carries near-term EPS dilution, with debt servicing offsetting earnings and synergies weighted to 2027
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 16.4 · calm
Equity put/call 0.57
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−8%
below
Price vs 50-day avg
−12%
below
RSI (14)
39
neutral
MACD trend
Positive
52-week position
41%
mid-range
Momentum
relative strength
1-month return
−10%
trailing
6-month return
−10%
trailing
YTD return
+11%
this year
Relative strength
−22%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $259 › 200d $248 — 50d above 200d
Institutional flow
Accumulating
5 of 1,617 funds reported for Sep 30 · net +217 sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
2.47% of float · ▲ +16.1% MoM · 2.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
1,617 holders — near 3-yr high, broad support
Squeeze score
45
elevated · 0–100
Fundamentals
Revenue growth
+11%
Y/Y
EPS growth
+32%
Y/Y
Free cash flow
$1.4B
Valuation
P/E 50.1
rich
Buyback
$697.0M
remaining
Balance sheet
$2.3B
net debt
Quant / Vol
risk profile
Volatility
34%
annualized · 1-yr
Max drawdown
−23%
past year
ATR
3.1%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Mar 31, 2026
Commercial aero organic growth
· this year
Non-GAAP
20%
Gas turbines organic growth
· this year
Non-GAAP
25% – 30%
Commercial transportation organic growth
· this year
Non-GAAP
up to 5%
Capex
· this year
$500M
Guided vs delivered
· last 8 settled
Revenue
Q1 2024
guided $1.73B – $1.75B
$1.82B
Beat +4.8%
Revenue
FY 2024
guided $7B – $7.2B
$7.43B
Beat +4.6%
Revenue
Q4 2023
guided $1.62B – $1.65B
$1.73B
Beat +5.9%
Revenue
FY 2023
guided $6.53B – $6.56B
$6.64B
Beat +1.5%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−8%
Bearish
Price vs 50-day avg
−12%
Bearish
RSI (14)
39
Neutral
MACD trend
Positive
Bullish
52-week position
41%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $259 › 200d $248 — 50d above 200d
Institutional flow
Accumulating
5 of 1,617 funds reported for Sep 30 · net +217 sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
2.47% of float · ▲ +16.1% MoM · 2.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
1,617 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $184
Now $228 · 41%
Range high $293
vs 200-day avg -8%
vs 50-day avg -12%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $817M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Adjusted operating income $733M
+$84M Provision for depreciation and amortization
= Adjusted EBITDA $817M
|
|||
| Adjusted EBITDA Margin non-GAAP | 32.1% | Q2 2026 | — |
| Adjusted EPS non-GAAP | $1.33 | 2Q26 | — |
| Adjusted Net income non-GAAP | $534M | 2Q26 | — |
| Adjusted Operating Income non-GAAP | $733M | Q2 2026 | — |
| Adjusted Operating Income Margin non-GAAP | 28.8% | Q2 2026 | — |
| Engine Products Segment adjusted EBITDA non-GAAP | $517M | Q2 2026 | — |
| Engine Products Segment adjusted EBITDA margin non-GAAP | 37.7% | Q2 2026 | — |
| Engineered Structures Segment adjusted EBITDA non-GAAP | $64M | Q2 2026 | — |
| Engineered Structures Segment adjusted EBITDA margin non-GAAP | 23.8% | Q2 2026 | — |
| Fastening Systems Segment adjusted EBITDA non-GAAP | $177M | Q2 2026 | — |
| Fastening Systems Segment adjusted EBITDA margin non-GAAP | 30.1% | Q2 2026 | — |
| Forged Wheels Segment adjusted EBITDA non-GAAP | $88M | Q2 2026 | — |
| Forged Wheels Segment adjusted EBITDA margin non-GAAP | 27.8% | Q2 2026 | — |
| Free Cash Flow non-GAAP | $479M | Q2 2026 | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Cash provided from operations $583M
-$104M Capital expenditures
= Free cash flow $479M
|
|||
| Operational tax rate non-GAAP | 20.4% | 2Q26 | — |
| Organic Revenue non-GAAP | $2.45B | 2Q26 | — |
GAAP → non-GAAP reconciliationGAAP Sales $2.55B
-$100M Net Acquisitions and Divestitures
= Organic Revenue $2.45B
|
|||
| Total Segment Adjusted EBITDA non-GAAP | $846M | 2Q26 | — |
|
|
|||
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HWM
this stock
Howmet Aerospace Inc.
|
$92.71B | +11.4% | +11.1% | 50.1 | 2.5% |
|
SPCX
Space Exploration Technologies Corp
|
$1.96T | — | — | — | 1.2% |
|
GE
General Electric Co
|
$339.38B | +1.4% | +18.5% | 38.5 | 1.5% |
|
RTX
RTX Corp
|
$255.27B | +0.9% | +17.1% | 33.4 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$174.13B | -10.7% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HWM | -0.4% | -9.7% | -9.6% | +1.0% | +11.4% |
| SPY | -0.4% | -0.2% | +12.4% | +0.2% | +12.0% |
| vs SPY | 0.0% | -9.6% | -22.1% | +0.8% | -0.7% |
Capital returns
Buyback program
· as of Aug 6, 2026
Authorized
$3.50B
Spent (derived)
$2.80B
Remaining
$697.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.