Howmet Aerospace Inc. (HWM) stock — is it a good business?

Howmet Aerospace Inc. (HWM) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Howmet Aerospace's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$2.7B
+29% y/y
+6.1% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.42
+49% y/y
+6.8% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$777M
+43% y/y
+9.3% q/q
Guided
—
No guide given

Company outlook

Full year 2027

Revenue$11.5BFirst given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Jet-engine and gas-turbine parts, including airfoils and seamless rolled rings52%
Fasteners and fastening systems for aircraft, industrial equipment, and commercial vehicles21%
Titanium and other forged or machined aircraft and defense parts14%
Forged aluminum wheels for trucks, buses, and trailers13%

Shares of revenue are estimates for FY2025, high confidence, not figures from a filing.

Competes with

BRK.BPrecision Castparts Corp. (a Berkshire Hathaway subsidiary)
ATIATI Inc.
A
Size
$24.9B
Margin
11.1%
FIILISI Aerospace (part of LISI SA)
Accuride Corporation
WHEELWheels India Limited

What it sells5

Jet-engine airfoils and rings
Metal blades and other shaped parts that help jet engines produce thrust, plus rings used in engines.
Aerospace fasteners
Specially designed bolts, rivets, and other fasteners used to join aircraft structures and engine parts.
Titanium and other aircraft structures
Titanium mill products, forgings, extrusions, machined parts, and assemblies used in aircraft, engines, and landing gear.

Show 2 more

Industrial gas-turbine parts
Turbine parts with cooling features and coatings for machines that generate electricity or serve oil and gas operations.
Alcoa Wheels
Forged aluminum wheels for commercial trucks, buses, and trailers.

Who buys it5

Aircraft and engine manufacturers buy parts for new aircraft and engines, as well as replacement parts.
RTX Corporation and GE Aerospace each accounted for approximately 11% of third-party sales (FY2025, high confidence).
Industrial gas-turbine manufacturers buy turbine components for electricity generation and oil and gas equipment.

Show 2 more

Commercial vehicle makers and fleet operators buy wheels and fastening products, directly or through distributors.
Defense customers and their suppliers buy components for military aircraft and other defense equipment.

What it stands on, and what could break it

What the business leans on

1Production depends on supplies of metals and other materials, including nickel alloys, titanium, aluminum, cobalt, and specialty alloys; the company identifies dependence on a limited number of suppliers for some essential materials and services.
2Sales depend in part on a small number of large customers; RTX Corporation and GE Aerospace each represented approximately 11% of third-party sales (FY2025, high confidence).
3Meeting customer orders depends on Howmet's ability to run its factories, secure skilled workers, and expand manufacturing capacity as aircraft, engine, and turbine demand changes.

What could go wrong

1Demand for aircraft parts and commercial vehicle products can change with economic conditions, aircraft production rates, and transportation markets.
2A disruption at a manufacturing site or difficulty meeting production targets could delay customer deliveries.
3Losing a major customer, or a significant change in a major customer's business, could reduce sales.

Full financial statements →

About Howmet Aerospace Inc.

Howmet makes metal parts for aircraft engines and airframes, including turbine blades, rings, forgings, and fasteners. It also makes turbine parts for electricity-generating gas turbines and forged aluminum wheels for trucks, buses, and trailers. Customers buy Howmet products directly or through distributors.

Head office: Pittsburgh, Pennsylvania, United States
Founded: 2020 (year Howmet became a separate company, high confidence)
Employees: 25,430 (December 31, 2025, high confidence)
Listed on: NYSE
Financial year ends: December 31

Built from Howmet Aerospace Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Howmet Aerospace's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$2.7B
+29% y/y
+6.1% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.42
+49% y/y
+6.8% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$777M
+43% y/y
+9.3% q/q
Guided
—
No guide given

Company outlook

Full year 2027

Revenue$11.5BFirst given

The full earnings report →

Keep exploring

The themes Howmet Aerospace is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Aerospace and Defense

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Jet-engine and gas-turbine parts, including airfoils and seamless rolled rings52%
Fasteners and fastening systems for aircraft, industrial equipment, and commercial vehicles21%
Titanium and other forged or machined aircraft and defense parts14%
Forged aluminum wheels for trucks, buses, and trailers13%

Shares of revenue are estimates for FY2025, high confidence, not figures from a filing.

Competes with

BRK.BPrecision Castparts Corp. (a Berkshire Hathaway subsidiary)
ATIATI Inc.
A
Size
$24.9B
Margin
11.1%
FIILISI Aerospace (part of LISI SA)
Accuride Corporation
WHEELWheels India Limited

What it sells5

Jet-engine airfoils and rings
Metal blades and other shaped parts that help jet engines produce thrust, plus rings used in engines.
Aerospace fasteners
Specially designed bolts, rivets, and other fasteners used to join aircraft structures and engine parts.
Titanium and other aircraft structures
Titanium mill products, forgings, extrusions, machined parts, and assemblies used in aircraft, engines, and landing gear.

Show 2 more

Industrial gas-turbine parts
Turbine parts with cooling features and coatings for machines that generate electricity or serve oil and gas operations.
Alcoa Wheels
Forged aluminum wheels for commercial trucks, buses, and trailers.

Who buys it5

Aircraft and engine manufacturers buy parts for new aircraft and engines, as well as replacement parts.
RTX Corporation and GE Aerospace each accounted for approximately 11% of third-party sales (FY2025, high confidence).
Industrial gas-turbine manufacturers buy turbine components for electricity generation and oil and gas equipment.

Show 2 more

Commercial vehicle makers and fleet operators buy wheels and fastening products, directly or through distributors.
Defense customers and their suppliers buy components for military aircraft and other defense equipment.

What it stands on, and what could break it

What the business leans on

1Production depends on supplies of metals and other materials, including nickel alloys, titanium, aluminum, cobalt, and specialty alloys; the company identifies dependence on a limited number of suppliers for some essential materials and services.
2Sales depend in part on a small number of large customers; RTX Corporation and GE Aerospace each represented approximately 11% of third-party sales (FY2025, high confidence).
3Meeting customer orders depends on Howmet's ability to run its factories, secure skilled workers, and expand manufacturing capacity as aircraft, engine, and turbine demand changes.

What could go wrong

1Demand for aircraft parts and commercial vehicle products can change with economic conditions, aircraft production rates, and transportation markets.
2A disruption at a manufacturing site or difficulty meeting production targets could delay customer deliveries.
3Losing a major customer, or a significant change in a major customer's business, could reduce sales.

Full financial statements →

About Howmet Aerospace Inc.

Head office: Pittsburgh, Pennsylvania, United States
Founded: 2020 (year Howmet became a separate company, high confidence)
Employees: 25,430 (December 31, 2025, high confidence)
Listed on: NYSE
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells5

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Howmet Aerospace Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

How it makes money

Competes with

What it sells5

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Howmet Aerospace Inc.

Howmet Aerospace Inc.

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

Aerospace & defence

Growth & cash — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells5

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Howmet Aerospace Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

How it makes money

Competes with

What it sells5

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Howmet Aerospace Inc.

Howmet Aerospace Inc.

Past performance

Keep exploring

The theme it is part of

Highest-graded in Aerospace and Defense

Grade rose recently in Industrials

Aerospace & defence

Growth & cash — 5 of 5

Business trend

Share price and grade over time