HWM vs TS vs RTX Stock Comparison

Howmet Aerospace, Tenaris and Rtx 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
5 wins
TS Tenaris Sa
$58.21 +4.4% 1M +58.7% 1Y
Market cap
$62.68B
P/E
32.8x
Revenue (TTM)
$12.04B
Div. yield
–
Metal Fabrication Industrials
3 wins
RTX RTX Corp
$191.02 -0.6% 1M +6.5% 1Y
Market cap
$266.98B
P/E
31.8x
Revenue (TTM)
$95.99B
Div. yield
0.01%
Commercial Aerospace Industrials
4 wins

Head to Head

12 decided of 12

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

QuestionHWMTSRTXLeader
Larger companyMarket capitalisation $77.71B $62.68B $266.98B RTX
Cheaper on earningsLower P/E, profitable companies only 41.6x 32.8x 31.8x RTX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 35.8x 14.7x 28.2x TS
Faster revenue growthRevenue growth, trailing twelve months +18.1% +2.3% +11.6% HWM
More profitableNet margin, trailing twelve months 20.5% 15.9% 8.8% HWM
Better return on capitalReturn on invested capital 19.4% 12.7% 8.6% HWM
Less leveragedLower net debt / EBITDA 1.4x -3.1x 1.8x TS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% RTX
Better 1-year returnPrice return, last 12 months -7.1% +58.7% +6.5% TS
Better 5-year returnAnnualised price return, 5 years +43.6%/yr +20.4%/yr +15.8%/yr HWM
Less volatileAnnualised volatility, 1 year 34.9% 29.2% 24.9% RTX
Higher overall scoreMean of the five percentile scores vs peers 74/100 58/100 57/100 HWM

Percentile Scorecard

HWMTSRTX

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

AxisHWMTSRTX
Valuation 39 #61 of 100 42 #119 of 203 63 #38 of 100
Growth 90 #11 of 97 17 #156 of 188 77 #23 of 97
Profitability 98 #3 of 96 81 #36 of 187 71 #29 of 96
Financial Health 50 #54 of 106 99 #4 of 222 31 #74 of 106
Shareholder Returns 92 #6 of 65 52 #74 of 153 45 #36 of 65
Overall 74 58 57
  • HWM ranked among 107 companies in Aerospace and Defense
  • TS ranked among 222 companies in Machinery
  • RTX 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

PeriodHWMTSRTXSPY
1 month -18.7%+4.4%-0.6% -1.0%
3 months -35.8%+1.0%-10.3% +2.9%
6 months -23.3%-8.0%+9.6% +6.4%
Year to date -9.3%+51.4%+4.2% +11.4%
1 year -7.1%+58.7%+6.5% +13.1%
3 years +327.3%+78.8%+143.7% +79.4%
3 years, per year +62.3%+21.4%+34.6% +21.5%
5 years +510.2%+152.4%+107.9% +67.7%
5 years, per year +43.6%+20.4%+15.8% +10.9%
10 years —+100.8%+207.6% +255.2%
10 years, per year —+7.2%+11.9% +13.5%

Risk

MeasureHWMTSRTXSPY
Volatility, 1Y 34.9%29.2%24.9% 12.7%
Downside volatility, 1Y 36.4%29.5%23.8% 12.7%
Beta vs S&P 500, 1Y 1.080.320.26 1.00
Return / volatility, 1Y -0.202.010.26 1.03
Max drawdown, 5Y -36.5%-33.7%-33.9% -25.4%
From 52-week high -36.5%-9.1%-15.3% -2.5%
52-week high $292.71$64.02$225.49 $779.14
52-week low $185.88$35.79$168.02 $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.

MultipleHWMTSRTX
P/E now vs peer median 39.8xmedian 26.2x 32.1xmedian 25.9x 30.7xmedian 26.2x
P/S now vs peer median 8.2xmedian 2.9x 5.2xmedian 1.9x 2.7xmedian 2.9x
EV/EBITDA now vs peer median 28.0xmedian 14.7x 18.8xmedian 13.7x 18.2xmedian 14.7x
P/FCF now vs peer median 41.5xmedian 24.9x 22.4xmedian 21.1x 27.1xmedian 24.9x
P/B now vs peer median 13.0xmedian 2.4x 3.6xmedian 2.3x 3.6xmedian 2.4x
PEG now vs peer median 0.73median 0.92 —median 1.19 0.75median 0.92

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 monthsHWMTSRTX
Revenue $9.12B $12.04B $95.99B
Gross profit $3.29B $4.08B $20.25B
Operating income $2.50B $2.23B $11.30B
Net income $1.87B $1.97B $8.83B
Free cash flow $1.79B $2.78B $9.50B
R&D $37.00M – $2.85B
EPS (diluted) $4.65 – $6.14
Cash & equivalents $563.00M $9.02B $9.17B
Total debt $20.67B $1.27B $150.08B
Shares (diluted) 402.00M – 1.37B
Enterprise value $73.31B $33.72B $235.25B

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
MetricHWMTSRTX
P/E 39.8x 32.1x 30.7x
P/FCF 41.5x 22.4x 27.1x
P/Operating cash flow 33.5x 27.9x 20.7x
P/S 8.2x 5.2x 2.7x
P/B 13.0x 3.6x 3.6x
P/Tangible book 15.3x 3.6x 6.4x
EV/EBITDA 28.0x 18.8x 18.2x
EV/EBIT 31.4x 24.1x 25.3x
EV/Revenue 8.6x 4.5x 3.0x
EV/FCF 43.7x 19.3x 30.1x
EV/Operating cash flow 35.3x 24.0x 23.0x
PEG (3Y EPS CAGR) 0.73 – 0.75

Growth

14 metrics
MetricHWMTSRTX
Revenue growth (1Y) 18.1% 2.3% 11.6%
Revenue CAGR (3Y) 13.7% -6.7% 12.7%
Gross profit growth (1Y) 30.2% 2.7% 17.0%
Gross profit CAGR (3Y) 25.3% -13.9% 20.2%
Operating income growth (1Y) 32.6% 0.0% 28.2%
Operating income CAGR (3Y) 34.8% -20.6% 51.1%
Net income growth (1Y) 33.9% -3.3% 27.6%
Net income CAGR (3Y) 52.1% -18.8% 39.1%
EPS growth (1Y) 35.4% – 26.6%
EPS CAGR (3Y) 54.1% – 40.7%
Operating cash flow growth (1Y) 56.1% -11.7% 56.2%
Operating cash flow CAGR (3Y) 42.2% -9.6% 16.8%
Free cash flow growth (1Y) 75.9% -13.2% 81.4%
Free cash flow CAGR (3Y) 45.6% -7.8% 21.2%

Profitability

14 metrics
MetricHWMTSRTX
Gross margin 36.0% 33.9% 21.1%
EBITDA margin 30.7% 23.7% 16.3%
Operating margin 27.4% 18.5% 11.8%
Pretax margin 25.0% 20.5% 11.3%
Net margin 20.5% 15.9% 8.8%
FCF margin 19.6% 23.1% 9.9%
Operating cash flow margin 24.4% 18.6% 13.0%
Return on equity 33.3% 11.4% 12.7%
Return on assets 14.2% 9.7% 5.0%
Return on invested capital 19.4% 12.7% 8.6%
Return on capital employed 23.0% 11.0% 10.1%
Asset turnover 0.7x 0.6x 0.5x
Cash conversion (OCF / net income) 1.2x 1.1x 1.4x
Stock comp / revenue 1.0% – 0.7%

Financial Health

11 metrics
MetricHWMTSRTX
Debt / assets 34.0% 1.5% 21.2%
Debt / equity 0.8x 0.0x 0.5x
Net debt / EBITDA 1.4x -3.1x 1.8x
Debt / FCF 2.5x 0.1x 3.9x
Liabilities / assets 56.7% 15.2% 59.8%
Equity / assets 43.3% 84.8% 40.2%
Interest coverage – 45.4x –
Current ratio 1.8x – 1.0x
Quick ratio 0.7x 70.8x 0.7x
Cash ratio 0.2x 58.2x 0.1x
Altman Z-score 7.95 – 2.72

Shareholder Returns

7 metrics
MetricHWMTSRTX
Dividend yield 0.3% 3.1% 1.5%
Net buyback yield 1.3% -1.6% –
Shareholder yield 1.6% 1.5% 1.5%
Payout ratio (earnings) 10.4% – 43.0%
Payout ratio (FCF) 10.9% – 40.0%
Dividend growth (1Y) 30.0% – 9.6%
Dividend CAGR (3Y) 47.3% – 5.2%

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.

ConsensusHWMTSRTX
Forward P/E 35.8xFY2026 14.7xFY2026 28.2xFY2026
EPS, next fiscal year $5.19FY2026 $3.96FY2026 $6.78FY2026
EPS growth, next FY +37.7%FY2026 +8.2%FY2026 +7.8%FY2026
EPS growth, the year after +31.2% +2.0% +10.2%
Revenue, next fiscal year $10.37BFY2026 $13.00BFY2026 $98.74BFY2026
Revenue growth, next FY +25.7%FY2026 +8.5%FY2026 +11.4%FY2026
Revenue growth, the year after +15.9% -6.3% +2.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHWMTSRTX
Held by institutions 91.0% 3.6% 79.9%
Institutions holding 1,600 283 3,413
Change in shares held, QoQ +0.7% -2.4% +15.9%
Institutions buying 907 154 1,717
Institutions selling 484 78 1,266
Buyers to sellers 1.87 1.97 1.36

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.

HWMTSRTX
HWM 1.00 -0.02 0.47
TS -0.02 1.00 -0.03
RTX 0.47 -0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HWM, TS and RTX?

Rtx (RTX) is the largest by market capitalisation: Howmet Aerospace (HWM) $77.71B, Tenaris (TS) $62.68B, Rtx (RTX) $266.98B.

Which stock is cheaper, HWM, TS and RTX?

Rtx (RTX) trades on the lowest price-to-earnings ratio (Howmet Aerospace (HWM) 41.6x, Tenaris (TS) 32.8x, Rtx (RTX) 31.8x). On next year's consensus earnings, Tenaris (TS) is cheapest (Howmet Aerospace (HWM) 35.8x, Tenaris (TS) 14.7x, Rtx (RTX) 28.2x). 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%, Tenaris (TS) +2.3%, Rtx (RTX) +11.6%.

Which company is more profitable?

Howmet Aerospace (HWM) has the highest net margin (Howmet Aerospace (HWM) 20.5%, Tenaris (TS) 15.9%, Rtx (RTX) 8.8%). On return on invested capital, Howmet Aerospace (HWM) leads (Howmet Aerospace (HWM) 19.4%, Tenaris (TS) 12.7%, Rtx (RTX) 8.6%).

Which stock has performed better?

Over the past year Tenaris (TS) returned the most: Howmet Aerospace (HWM) -7.1%, Tenaris (TS) +58.7%, Rtx (RTX) +6.5%. Over five years, Howmet Aerospace (HWM) compounded fastest (Howmet Aerospace (HWM) +43.6%/yr, Tenaris (TS) +20.4%/yr, Rtx (RTX) +15.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Rtx (RTX) has the highest dividend yield: Howmet Aerospace (HWM) 0.00%, Tenaris (TS) 0.00%, Rtx (RTX) 0.01%. Tenaris (TS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Rtx (RTX) has been the steadiest (Howmet Aerospace (HWM) 34.9%, Tenaris (TS) 29.2%, Rtx (RTX) 24.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HWM, TS and RTX?

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 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.