US · USD

HWM

Howmet Aerospace Inc

$228.41+0.99% ($2.23)Updated 10/1/26, 4:59 PM

Day's range: $224.88 – $229.29
Day's volume: $326M
52-week range: $183.71 – $292.65

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HWM in numbers

Market cap: $91B

P/E: 48.69

P/B: 15.89

Dividend yield (12m): 0.22%

Net debt/EBITDA: 1.41

The 12-month dividend yield of HWM is 0.22%, below its 5-year average of 0.23%.

HWM price history

10/02/202510/01/2026

Compare with

HWM risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+11.11%	+422.08%	+680.30%
Volatility (annualized)	35.34%	36.57%	34.27%
Largest drawdown	-19.06%	-19.06%	-19.06%
Positive months	7/12	24/36	38/60

How much did investing in HWM return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $7,805.00 today.

Value today in HWM: $7,805.00

Return over the period: +680.50%

Return per year: +50.83%

In the S&P 500: $1,664.67

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

HWM fundamentals

Valuation

P/E
48.69
P/B
15.89
EV/EBITDA
33.94
EV/EBIT
38.06
EV/Revenue
10.41
P/EBIT
36.48
P/S
9.98
P/OCF
40.98
P/FCF
50.82
Earnings yield
2.63%
PEG ratio
—
Earnings per share
$4.69
Book value per share
$14.37

Debt

Net debt
$3.9B
Net debt/EBITDA
1.41
Net debt/Equity
0.69
Debt/Equity
0.79
Current ratio
1.82
Quick ratio
0.87
Cash ratio
0.24

Efficiency

Gross margin
—
EBITDA margin
30.69%
Operating margin
27.37%
Net margin
20.52%
Asset turnover
0.69

Profitability

ROE
32.64%
ROA
14.12%
ROIC
21.15%
Payout
10.66%

Growth

Revenue CAGR (5 years)
13.80%
Earnings CAGR (5 years)
44.60%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is HWM's fair price?

Two classic value formulas, with today's numbers. The current price is $228.41.

Graham's fair price: $38.95; 82.95% below the price

√(22.50 × $4.69 × $14.37)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $3.37; 98.53% below the price

$0.20 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

HWM's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	54.51	38.35	29.03	34.64	51.68	47.42	21.89	9.77
P/B	15.36	9.73	5.50	4.51	3.80	3.46	2.24	1.13
EV/EBITDA	36.29	24.63	17.15	16.57	16.55	16.82	14.07	7.94
Dividend yield	0.21%	0.24%	0.31%	0.25%	0.13%	0.05%	0.39%	1.42%
Earnings per share	$3.76	$2.85	$1.86	$1.14	$0.62	$0.60	$1.08	$1.32
Book value per share	$13.35	$11.24	$9.84	$8.73	$8.37	$8.25	$10.53	$11.49
ROE	28.17%	25.36%	18.95%	13.02%	7.35%	7.30%	10.24%	11.52%
ROIC	21.89%	18.67%	13.23%	10.20%	8.48%	8.44%	3.48%	5.58%
EBITDA margin	28.22%	25.71%	22.21%	20.91%	20.47%	18.33%	15.71%	19.93%
Net margin	18.27%	15.55%	11.52%	8.28%	5.19%	4.96%	6.62%	9.47%
Net debt/EBITDA	0.99	1.44	2.10	2.85	3.45	3.98	4.84	3.30

HWM's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$8.3B	$7.4B	$6.6B	$5.7B	$5B	$5.3B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$2.3B	$1.9B	$1.5B	$1.2B	$1B	$964M
EBIT	$2B	$1.6B	$1.2B	$919M	$748M	$626M
Financial result	-$40M	-$62M	-$8M	-$82M	-$19M	-$74M
Income before tax	$1.8B	$1.4B	$975M	$606M	$324M	$171M
Income tax	-$332M	-$228M	-$210M	-$137M	-$66M	$40M
Net income	$1.5B	$1.2B	$765M	$469M	$258M	$261M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does HWM pay dividends?

Dividend yield per year

0.88%2017
1.42%2018
0.39%2019
0.05%2020
0.13%2021
0.25%2022
0.31%2023
0.24%2024
0.21%2025
0.17%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/06/2026	08/25/2026	$0.14
Dividend	05/07/2026	05/26/2026	$0.12
Dividend	02/05/2026	02/25/2026	$0.12
Dividend	11/06/2025	11/25/2025	$0.12
Dividend	08/07/2025	08/25/2025	$0.12
Dividend	05/08/2025	05/27/2025	$0.10
Dividend	02/06/2025	02/25/2025	$0.10
Dividend	11/07/2024	11/25/2024	$0.08
Dividend	08/08/2024	08/26/2024	$0.08
Dividend	05/08/2024	05/28/2024	$0.05
Dividend	02/07/2024	02/26/2024	$0.05
Dividend	11/08/2023	11/27/2023	$0.05

See all 35 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/02/2023	08/25/2023	$0.04
Dividend	05/03/2023	05/25/2023	$0.04
Dividend	02/08/2023	02/27/2023	$0.04
Dividend	11/02/2022	11/25/2022	$0.04
Dividend	08/03/2022	08/25/2022	$0.02
Dividend	05/04/2022	05/25/2022	$0.02
Dividend	02/02/2022	02/25/2022	$0.02
Dividend	11/03/2021	11/25/2021	$0.02
Dividend	08/04/2021	08/25/2021	$0.02
Dividend	02/05/2020	02/25/2020	$0.02
Dividend	11/06/2019	11/25/2019	$0.02
Dividend	07/31/2019	08/25/2019	$0.02
Dividend	05/01/2019	05/25/2019	$0.02
Dividend	02/06/2019	02/25/2019	$0.05
Dividend	10/31/2018	11/25/2018	$0.05
Dividend	08/01/2018	08/25/2018	$0.05
Dividend	05/02/2018	05/25/2018	$0.05
Dividend	01/31/2018	02/25/2018	$0.05
Dividend	11/01/2017	11/25/2017	$0.05
Dividend	08/01/2017	08/25/2017	$0.05
Dividend	05/02/2017	05/25/2017	$0.05
Dividend	01/31/2017	02/25/2017	$0.05
Dividend	11/07/2016	11/25/2016	$0.07

About Howmet Aerospace

Sector: Manufacturing

Questions about HWM

How much is HWM today?

HWM is at $228.41 (0.99% on the day), last traded on 10/01/2026.

How much did HWM pay in dividends in 2025?

HWM paid $0.44 per share in 2025, a dividend yield of 0.21%.

What are the P/E and P/B of HWM?

HWM trades at a P/E of 48.69 and a P/B of 15.89.

How much did HWM return in 12 months?

HWM returned 11.11% in 12 months, with annualized volatility of 35.34% and a largest drawdown of -19.06%.