HWM vs ITW vs MTD Stock Comparison

Howmet Aerospace, Illinois Tool Works and Mettler Toledo International Prices as of Oct 23, 2026 Peers: Industry group
HWM Howmet Aerospace Inc.
$185.88 -18.7% 1M -7.1% 1Y
Market cap
$77.71B
P/E
41.6x
Revenue (TTM)
$9.12B
Div. yield
0.00%
Commercial Aerospace Industrials
4 wins
ITW Illinois Tool Works Inc
$275.75 +0.8% 1M +7.1% 1Y
Market cap
$79.10B
P/E
24.8x
Revenue (TTM)
$16.47B
Div. yield
0.02%
Industrial Machinery Industrials
5 wins

Head to Head

12 decided of 12

Illinois Tool Works leads on 5 of the 12 questions below (Illinois Tool Works 5, Howmet Aerospace 4, Mettler Toledo International 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHWMITWMTDLeader
Larger companyMarket capitalisation $77.71B $79.10B $33.57B ITW
Cheaper on earningsLower P/E, profitable companies only 41.6x 24.8x 37.1x ITW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 35.8x 25.8x 33.2x ITW
Faster revenue growthRevenue growth, trailing twelve months +18.1% +4.3% +6.9% HWM
More profitableNet margin, trailing twelve months 20.5% 19.4% 21.9% MTD
Better return on capitalReturn on invested capital 19.4% 27.1% 47.1% MTD
Less leveragedLower net debt / EBITDA 1.4x 1.9x 1.5x HWM
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% ITW
Better 1-year returnPrice return, last 12 months -7.1% +7.1% +16.1% MTD
Better 5-year returnAnnualised price return, 5 years +43.6%/yr +4.2%/yr +2.6%/yr HWM
Less volatileAnnualised volatility, 1 year 34.9% 21.8% 33.0% ITW
Higher overall scoreMean of the five percentile scores vs peers 74/100 48/100 51/100 HWM

Percentile Scorecard

HWMITWMTD

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

AxisHWMITWMTD
Valuation 39 #61 of 100 24 #154 of 203 11 #180 of 203
Growth 90 #11 of 97 33 #127 of 188 38 #117 of 188
Profitability 98 #3 of 96 100 #2 of 187 100 #1 of 187
Financial Health 50 #54 of 106 23 #172 of 222 24 #168 of 222
Shareholder Returns 92 #6 of 65 60 #62 of 153 80 #31 of 153
Overall 74 48 51
  • HWM ranked among 107 companies in Aerospace and Defense
  • ITW ranked among 222 companies in Machinery
  • MTD ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodHWMITWMTDSPY
1 month -18.7%+0.8%+11.7% -1.0%
3 months -35.8%-2.6%+25.6% +2.9%
6 months -23.3%+2.4%+30.1% +6.4%
Year to date -9.3%+12.0%+19.7% +11.4%
1 year -7.1%+7.1%+16.1% +13.1%
3 years +327.3%+23.6%+68.2% +79.4%
3 years, per year +62.3%+7.3%+18.9% +21.5%
5 years +510.2%+22.8%+13.5% +67.7%
5 years, per year +43.6%+4.2%+2.6% +10.9%
10 years —+143.9%+309.7% +255.2%
10 years, per year —+9.3%+15.1% +13.5%

Risk

MeasureHWMITWMTDSPY
Volatility, 1Y 34.9%21.8%33.0% 12.7%
Downside volatility, 1Y 36.4%21.8%33.6% 12.7%
Beta vs S&P 500, 1Y 1.080.450.80 1.00
Return / volatility, 1Y -0.200.330.49 1.03
Max drawdown, 5Y -36.5%-28.9%-43.5% -25.4%
From 52-week high -36.5%-8.0%-1.0% -2.5%
52-week high $292.71$299.60$1,685.52 $779.14
52-week low $185.88$241.07$1,025.53 $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.

MultipleHWMITWMTD
P/E now vs peer median 39.8xmedian 26.2x 24.7xmedian 25.9x 37.1xmedian 25.9x
P/S now vs peer median 8.2xmedian 2.9x 4.8xmedian 1.9x 8.8xmedian 1.9x
EV/EBITDA now vs peer median 28.0xmedian 14.7x 18.3xmedian 13.7x 28.1xmedian 13.7x
P/FCF now vs peer median 41.5xmedian 24.9x 26.9xmedian 21.1x 41.9xmedian 21.1x
P/B now vs peer median 13.0xmedian 2.4x 27.1xmedian 2.3x 2,822xmedian 2.3x
PEG now vs peer median 0.73median 0.92 8.36median 1.19 5.36median 1.19

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 monthsHWMITWMTD
Revenue $9.12B $16.47B $4.13B
Gross profit $3.29B $7.27B $2.49B
Operating income $2.50B $4.36B $1.23B
Net income $1.87B $3.19B $905.61M
Free cash flow $1.79B $2.92B $863.97M
R&D $37.00M – $208.01M
EPS (diluted) $4.65 $11.13 $44.91
Cash & equivalents $563.00M $839.00M $51.40M
Total debt $20.67B $9.69B $2.11B
Shares (diluted) 402.00M 287.00M 20.17M
Enterprise value $73.31B $75.66B $33.32B

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
MetricHWMITWMTD
P/E 39.8x 24.7x 37.1x
P/FCF 41.5x 26.9x 41.9x
P/Operating cash flow 33.5x 23.6x 37.1x
P/S 8.2x 4.8x 8.8x
P/B 13.0x 27.1x 2,822x
P/Tangible book 15.3x 33.6x -142.8x
EV/EBITDA 28.0x 18.3x 28.1x
EV/EBIT 31.4x 20.0x 31.1x
EV/Revenue 8.6x 5.3x 9.3x
EV/FCF 43.7x 29.9x 44.3x
EV/Operating cash flow 35.3x 26.2x 39.2x
PEG (3Y EPS CAGR) 0.73 8.36 5.36

Growth

14 metrics
MetricHWMITWMTD
Revenue growth (1Y) 18.1% 4.3% 6.9%
Revenue CAGR (3Y) 13.7% 0.8% 1.5%
Gross profit growth (1Y) 30.2% 5.3% 7.5%
Gross profit CAGR (3Y) 25.3% 2.7% 2.0%
Operating income growth (1Y) 32.6% 6.4% 6.3%
Operating income CAGR (3Y) 34.8% 3.4% 0.2%
Net income growth (1Y) 33.9% -5.1% 9.1%
Net income CAGR (3Y) 52.1% 1.0% 3.7%
EPS growth (1Y) 35.4% -3.1% 12.2%
EPS CAGR (3Y) 54.1% 3.0% 6.9%
Operating cash flow growth (1Y) 56.1% 5.8% 2.5%
Operating cash flow CAGR (3Y) 42.2% 3.1% 0.2%
Free cash flow growth (1Y) 75.9% 7.2% 1.9%
Free cash flow CAGR (3Y) 45.6% 4.1% 0.2%

Profitability

14 metrics
MetricHWMITWMTD
Gross margin 36.0% 44.2% 60.3%
EBITDA margin 30.7% 28.9% 32.9%
Operating margin 27.4% 26.5% 29.7%
Pretax margin 25.0% 25.0% 26.5%
Net margin 20.5% 19.4% 21.9%
FCF margin 19.6% 17.7% 20.9%
Operating cash flow margin 24.4% 20.2% 23.6%
Return on equity 33.3% 104.3% –
Return on assets 14.2% 19.5% 24.7%
Return on invested capital 19.4% 27.1% 47.1%
Return on capital employed 23.0% 41.9% 49.8%
Asset turnover 0.7x 1.0x 1.1x
Cash conversion (OCF / net income) 1.2x 1.0x 1.1x
Stock comp / revenue 1.0% 0.4% 0.6%

Financial Health

11 metrics
MetricHWMITWMTD
Debt / assets 34.0% 58.8% 57.5%
Debt / equity 0.8x 3.3x 164.7x
Net debt / EBITDA 1.4x 1.9x 1.5x
Debt / FCF 2.5x 3.3x 2.4x
Liabilities / assets 56.7% 82.4% 99.7%
Equity / assets 43.3% 17.6% 0.3%
Interest coverage – 14.5x 17.7x
Current ratio 1.8x 1.1x 1.1x
Quick ratio 0.7x 0.7x 0.7x
Cash ratio 0.2x 0.1x 0.0x
Altman Z-score 7.95 8.00 11.89

Shareholder Returns

7 metrics
MetricHWMITWMTD
Dividend yield 0.3% 2.4% –
Net buyback yield 1.3% 2.3% 2.1%
Shareholder yield 1.6% 4.7% 2.1%
Payout ratio (earnings) 10.4% 57.4% –
Payout ratio (FCF) 10.9% 62.8% –
Dividend growth (1Y) 30.0% 5.5% –
Dividend CAGR (3Y) 47.3% 5.1% –

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.

ConsensusHWMITWMTD
Forward P/E 35.8xFY2026 25.8xFY2026 33.2xFY2026
EPS, next fiscal year $5.19FY2026 $10.67FY2026 $50.31FY2026
EPS growth, next FY +37.7%FY2026 +1.7%FY2026 +17.7%FY2026
EPS growth, the year after +31.2% +19.3% +5.0%
Revenue, next fiscal year $10.37BFY2026 $16.46BFY2026 $4.52BFY2026
Revenue growth, next FY +25.7%FY2026 +2.6%FY2026 +12.2%FY2026
Revenue growth, the year after +15.9% +11.4% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHWMITWMTD
Held by institutions 91.0% 84.9% 94.4%
Institutions holding 1,600 1,969 804
Change in shares held, QoQ +0.7% +0.8% +3.1%
Institutions buying 907 846 331
Institutions selling 484 750 324
Buyers to sellers 1.87 1.13 1.02

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.

HWMITWMTD
HWM 1.00 0.29 0.15
ITW 0.29 1.00 0.35
MTD 0.15 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HWM, ITW and MTD?

Illinois Tool Works (ITW) is the largest by market capitalisation: Howmet Aerospace (HWM) $77.71B, Illinois Tool Works (ITW) $79.10B, Mettler Toledo International (MTD) $33.57B.

Which stock is cheaper, HWM, ITW and MTD?

Illinois Tool Works (ITW) trades on the lowest price-to-earnings ratio (Howmet Aerospace (HWM) 41.6x, Illinois Tool Works (ITW) 24.8x, Mettler Toledo International (MTD) 37.1x). On next year's consensus earnings, Illinois Tool Works (ITW) is cheapest (Howmet Aerospace (HWM) 35.8x, Illinois Tool Works (ITW) 25.8x, Mettler Toledo International (MTD) 33.2x). 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: Howmet Aerospace (HWM) +18.1%, Illinois Tool Works (ITW) +4.3%, Mettler Toledo International (MTD) +6.9%.

Which company is more profitable?

Mettler Toledo International (MTD) has the highest net margin (Howmet Aerospace (HWM) 20.5%, Illinois Tool Works (ITW) 19.4%, Mettler Toledo International (MTD) 21.9%). On return on invested capital, Mettler Toledo International (MTD) leads (Howmet Aerospace (HWM) 19.4%, Illinois Tool Works (ITW) 27.1%, Mettler Toledo International (MTD) 47.1%).

Which stock has performed better?

Over the past year Mettler Toledo International (MTD) returned the most: Howmet Aerospace (HWM) -7.1%, Illinois Tool Works (ITW) +7.1%, Mettler Toledo International (MTD) +16.1%. Over five years, Howmet Aerospace (HWM) compounded fastest (Howmet Aerospace (HWM) +43.6%/yr, Illinois Tool Works (ITW) +4.2%/yr, Mettler Toledo International (MTD) +2.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Illinois Tool Works (ITW) has the highest dividend yield: Howmet Aerospace (HWM) 0.00%, Illinois Tool Works (ITW) 0.02%, Mettler Toledo International (MTD) 0.00%. Mettler Toledo International (MTD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Howmet Aerospace (HWM) 34.9%, Illinois Tool Works (ITW) 21.8%, Mettler Toledo International (MTD) 33.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HWM, ITW and MTD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Illinois Tool Works (ITW) leads on 5. 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.