AMSC vs CMI vs HWM Stock Comparison

American Superconductor, Cummins and Howmet Aerospace Prices as of Oct 29, 2026 Peers: Industry group
CMI Cummins Inc
$517.69 -0.7% 1M +17.3% 1Y
Market cap
$68.74B
P/E
25.3x
Revenue (TTM)
$34.71B
Div. yield
–
Heavy Equipment Industrials
4 wins
HWM Howmet Aerospace Inc.
$205.71 -10.9% 1M +1.1% 1Y
Market cap
$79.38B
P/E
38.7x
Revenue (TTM)
$9.73B
Div. yield
0.00%
Commercial Aerospace Industrials
7 wins

Head to Head

11 decided of 12

Howmet Aerospace leads on 7 of the 12 questions below (Howmet Aerospace 7, Cummins 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMSCCMIHWMLeader
Larger companyMarket capitalisation $1.23B $68.74B $79.38B HWM
Cheaper on earningsLower P/E, profitable companies only — 25.3x 38.7x CMI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.2x 16.5x 39.6x CMI
Faster revenue growthRevenue growth, trailing twelve months — +2.9% +22.0% HWM
More profitableNet margin, trailing twelve months — 7.8% 21.1% HWM
Better return on capitalReturn on invested capital — 13.6% 21.5% HWM
Less leveragedLower net debt / EBITDA — 0.7x 1.4x CMI
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -55.5% +17.3% +1.1% CMI
Better 5-year returnAnnualised price return, 5 years +8.8%/yr +16.6%/yr +47.3%/yr HWM
Less volatileAnnualised volatility, 1 year 85.4% 36.7% 35.5% HWM
Higher overall scoreMean of the five percentile scores vs peers — 61/100 73/100 HWM

Percentile Scorecard

AMSCCMIHWM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMSCCMIHWM
Valuation – 53 #97 of 203 40 #60 of 100
Growth – 54 #88 of 188 90 #11 of 96
Profitability – 73 #51 of 183 99 #2 of 95
Financial Health 78 #17 of 72 52 #104 of 216 47 #56 of 105
Shareholder Returns – 73 #42 of 152 88 #9 of 65
Overall – 61 73
  • AMSC ranked among 72 companies in Clean Energy Equipment
  • CMI ranked among 222 companies in Machinery
  • HWM ranked among 107 companies in Aerospace and Defense

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMSCCMIHWMSPY
1 month -3.8%-0.7%-10.9% +0.7%
3 months -4.8%-18.2%-25.8% +3.7%
6 months -47.6%-22.8%-15.4% +7.1%
Year to date -2.5%+1.4%+0.3% +12.8%
1 year -55.5%+17.3%+1.1% +11.9%
3 years +351.0%+137.8%+371.8% +85.2%
3 years, per year +65.3%+33.5%+67.8% +22.8%
5 years +52.6%+115.8%+592.9% +67.6%
5 years, per year +8.8%+16.6%+47.3% +10.9%
10 years +306.5%+308.9%— +262.0%
10 years, per year +15.1%+15.1%— +13.7%

Risk

MeasureAMSCCMIHWMSPY
Volatility, 1Y 85.4%36.7%35.5% 12.7%
Downside volatility, 1Y 98.5%38.1%36.5% 12.6%
Beta vs S&P 500, 1Y 3.471.651.09 1.00
Return / volatility, 1Y -0.650.470.03 0.94
Max drawdown, 5Y -82.9%-30.8%-36.5% -25.4%
From 52-week high -55.5%-28.8%-29.7% -1.2%
52-week high $63.01$727.59$292.71 $779.14
52-week low $25.01$428.74$185.88 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMSCCMIHWM
P/E now vs peer median —median 26.6x 26.3xmedian 25.8x 39.9xmedian 26.9x
P/S now vs peer median —median 2.6x 2.1xmedian 1.9x 8.4xmedian 3.0x
EV/EBITDA now vs peer median —median 18.9x 14.9xmedian 14.6x 28.2xmedian 15.0x
P/FCF now vs peer median —median 30.1x 21.2xmedian 22.2x 42.4xmedian 27.2x
P/B now vs peer median 2.4xmedian 1.9x 5.1xmedian 2.2x 14.2xmedian 2.5x
PEG now vs peer median —median 0.97 8.20median 1.45 0.81median 0.93

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMSCCMIHWM
Revenue – $34.71B $9.73B
Gross profit – $8.79B $3.56B
Operating income – $3.89B $2.73B
Net income – $2.83B $2.05B
Free cash flow – $3.37B $1.93B
R&D – $1.44B $38.00M
EPS (diluted) – $19.60 $5.13
Cash & equivalents $140.69M $3.18B $507.00M
Total debt – $7.35B $4.83B
Shares (diluted) 44.94M 138.50M 400.00M
Enterprise value $525.45M $64.82B $75.14B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMSCCMIHWM
P/E – 26.3x 39.9x
P/FCF – 21.2x 42.4x
P/Operating cash flow – 15.3x 34.1x
P/S – 2.1x 8.4x
P/B 2.4x 5.1x 14.2x
P/Tangible book 2.5x 6.1x 16.7x
EV/EBITDA – 14.9x 28.2x
EV/EBIT – 19.2x 31.6x
EV/Revenue – 2.2x 8.9x
EV/FCF – 22.2x 44.7x
EV/Operating cash flow – 16.1x 35.9x
PEG (3Y EPS CAGR) – 8.20 0.81

Growth

14 metrics
MetricAMSCCMIHWM
Revenue growth (1Y) – 2.9% 22.0%
Revenue CAGR (3Y) – 2.5% 14.9%
Gross profit growth (1Y) – 1.7% 33.7%
Gross profit CAGR (3Y) – 4.8% 26.3%
Operating income growth (1Y) – -6.0% 36.4%
Operating income CAGR (3Y) – 4.1% 35.5%
Net income growth (1Y) – -7.8% 41.6%
Net income CAGR (3Y) – 2.9% 47.5%
EPS growth (1Y) – -7.7% 43.6%
EPS CAGR (3Y) – 3.2% 49.5%
Operating cash flow growth (1Y) – 63.4% 40.3%
Operating cash flow CAGR (3Y) – 28.8% 38.8%
Free cash flow growth (1Y) – 103.8% 50.9%
Free cash flow CAGR (3Y) – 45.3% 41.0%

Profitability

14 metrics
MetricAMSCCMIHWM
Gross margin – 25.3% 36.6%
EBITDA margin – 14.4% 31.4%
Operating margin – 11.2% 28.1%
Pretax margin – 11.1% 25.8%
Net margin – 7.8% 21.1%
FCF margin – 9.7% 19.8%
Operating cash flow margin – 13.4% 24.7%
Return on equity – 20.7% 35.7%
Return on assets – 8.1% 15.5%
Return on invested capital – 13.6% 21.5%
Return on capital employed – 16.0% 24.7%
Asset turnover – 1.0x 0.7x
Cash conversion (OCF / net income) – 1.6x 1.2x
Stock comp / revenue – – 1.0%

Financial Health

11 metrics
MetricAMSCCMIHWM
Debt / assets – 20.6% 36.4%
Debt / equity – 0.5x 0.8x
Net debt / EBITDA – 0.7x 1.4x
Debt / FCF – 2.2x 2.5x
Liabilities / assets 24.9% 61.0% 56.6%
Equity / assets 75.1% 39.0% 43.4%
Interest coverage – 12.1x –
Current ratio 2.4x 1.7x 1.9x
Quick ratio 1.6x 1.0x 0.7x
Cash ratio 1.0x 0.4x 0.2x
Altman Z-score – 4.49 8.71

Shareholder Returns

7 metrics
MetricAMSCCMIHWM
Dividend yield – 1.6% 0.2%
Net buyback yield – 0.7% 1.6%
Shareholder yield – 2.2% 1.8%
Payout ratio (earnings) – – 9.9%
Payout ratio (FCF) – – 10.5%
Dividend growth (1Y) – – 23.8%
Dividend CAGR (3Y) – – 43.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMSCCMIHWM
Forward P/E 31.2xFY2026 16.5xFY2026 39.6xFY2026
EPS, next fiscal year $0.90FY2026 $31.39FY2026 $5.19FY2026
EPS growth, next FY -75.0%FY2026 +31.9%FY2026 +37.7%FY2026
EPS growth, the year after +40.0% +14.7% +31.2%
Revenue, next fiscal year $383.43MFY2026 $35.38BFY2026 $10.37BFY2026
Revenue growth, next FY +28.2%FY2026 +5.1%FY2026 +25.7%FY2026
Revenue growth, the year after +15.7% +11.3% +15.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMSCCMIHWM
Held by institutions 73.7% 85.4% 91.0%
Institutions holding 278 2,107 1,601
Change in shares held, QoQ +6.4% +1.0% +0.7%
Institutions buying 173 1,050 908
Institutions selling 77 728 484
Buyers to sellers 2.25 1.44 1.88

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMSCCMIHWM
AMSC 1.00 0.35 0.19
CMI 0.35 1.00 0.41
HWM 0.19 0.41 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMSC, CMI and HWM?

Howmet Aerospace (HWM) is the largest by market capitalisation: American Superconductor (AMSC) $1.23B, Cummins (CMI) $68.74B, Howmet Aerospace (HWM) $79.38B.

Which stock is cheaper, AMSC, CMI and HWM?

Cummins (CMI) trades on the lowest price-to-earnings ratio (Cummins (CMI) 25.3x, Howmet Aerospace (HWM) 38.7x). On next year's consensus earnings, Cummins (CMI) is cheapest (American Superconductor (AMSC) 31.2x, Cummins (CMI) 16.5x, Howmet Aerospace (HWM) 39.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Howmet Aerospace (HWM) grew revenue fastest over the trailing twelve months: Cummins (CMI) +2.9%, Howmet Aerospace (HWM) +22.0%.

Which company is more profitable?

Howmet Aerospace (HWM) has the highest net margin (Cummins (CMI) 7.8%, Howmet Aerospace (HWM) 21.1%). On return on invested capital, Howmet Aerospace (HWM) leads (Cummins (CMI) 13.6%, Howmet Aerospace (HWM) 21.5%).

Which stock has performed better?

Over the past year Cummins (CMI) returned the most: American Superconductor (AMSC) -55.5%, Cummins (CMI) +17.3%, Howmet Aerospace (HWM) +1.1%. Over five years, Howmet Aerospace (HWM) compounded fastest (American Superconductor (AMSC) +8.8%/yr, Cummins (CMI) +16.6%/yr, Howmet Aerospace (HWM) +47.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: American Superconductor (AMSC) 0.00%, Cummins (CMI) 0.00%, Howmet Aerospace (HWM) 0.00%. American Superconductor (AMSC) and Cummins (CMI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Howmet Aerospace (HWM) has been the steadiest (American Superconductor (AMSC) 85.4%, Cummins (CMI) 36.7%, Howmet Aerospace (HWM) 35.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMSC, CMI and HWM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Howmet Aerospace (HWM) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.