HYLN vs WAVE vs HWM Stock Comparison

Hyliion Holdings, Eco Wave Power Global AB (publ) and Howmet Aerospace Prices as of Oct 29, 2026 Peers: Industry group
HYLN Hyliion Holdings Corp.
$3.42 -14.7% 1M +50.7% 1Y
Market cap
$574.05M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 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
5 wins

Head to Head

7 decided of 12

Howmet Aerospace leads on 5 of the 12 questions below (Howmet Aerospace 5, Hyliion Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHYLNWAVEHWMLeader
Larger companyMarket capitalisation $574.05M $221.93M $79.38B HWM
Cheaper on earningsLower P/E, profitable companies only -11.0x -63.6x 38.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 39.6x –
Faster revenue growthRevenue growth, trailing twelve months +163.2% — +22.0% HYLN
More profitableNet margin, trailing twelve months -564.3% — 21.1% HWM
Better return on capitalReturn on invested capital — — 21.5% –
Less leveragedLower net debt / EBITDA — — 1.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +50.7% -43.0% +1.1% HYLN
Better 5-year returnAnnualised price return, 5 years -15.8%/yr -7.7%/yr +47.3%/yr HWM
Less volatileAnnualised volatility, 1 year 98.6% 70.4% 35.5% HWM
Higher overall scoreMean of the five percentile scores vs peers 57/100 33/100 73/100 HWM

Percentile Scorecard

HYLNWAVEHWM

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

AxisHYLNWAVEHWM
Valuation 33 #42 of 62 0 #24 of 24 40 #60 of 100
Growth 90 #7 of 59 36 #15 of 23 90 #11 of 96
Profitability 13 #48 of 55 5 #22 of 23 99 #2 of 95
Financial Health 93 #6 of 72 91 #3 of 24 47 #56 of 105
Shareholder Returns – – 88 #9 of 65
Overall 57 33 73
  • HYLN ranked among 72 companies in Clean Energy Equipment
  • WAVE ranked among 24 companies in Power Generation
  • 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

PeriodHYLNWAVEHWMSPY
1 month -14.7%-23.5%-10.9% +0.7%
3 months -5.0%-39.6%-25.8% +3.7%
6 months +79.1%-35.7%-15.4% +7.1%
Year to date +85.9%-22.9%+0.3% +12.8%
1 year +50.7%-43.0%+1.1% +11.9%
3 years +478.0%+88.3%+371.8% +85.2%
3 years, per year +79.5%+23.5%+67.8% +22.8%
5 years -57.7%-32.8%+592.9% +67.6%
5 years, per year -15.8%-7.7%+47.3% +10.9%

Risk

MeasureHYLNWAVEHWMSPY
Volatility, 1Y 98.6%70.4%35.5% 12.7%
Downside volatility, 1Y 92.9%63.5%36.5% 12.6%
Beta vs S&P 500, 1Y 3.171.071.09 1.00
Return / volatility, 1Y 0.51-0.610.03 0.94
Max drawdown, 5Y -94.0%-86.3%-36.5% -25.4%
From 52-week high -57.8%-54.6%-29.7% -1.2%
52-week high $8.10$9.92$292.71 $779.14
52-week low $1.58$4.38$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.

MultipleHYLNWAVEHWM
P/E now vs peer median -11.7xmedian 26.6x -60.2xmedian 24.9x 39.9xmedian 26.9x
P/S now vs peer median 66.1xmedian 2.6x —median 2.6x 8.4xmedian 3.0x
EV/EBITDA now vs peer median -10.7xmedian 18.9x —median 11.6x 28.2xmedian 15.0x
P/FCF now vs peer median -10.8xmedian 30.1x —median 13.9x 42.4xmedian 27.2x
P/B now vs peer median 3.6xmedian 1.9x 27.5xmedian 2.1x 14.2xmedian 2.5x
PEG now vs peer median -0.38median 0.97 —median 0.62 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 monthsHYLNWAVEHWM
Revenue $9.25M – $9.73B
Gross profit $603.00K – $3.56B
Operating income -$58.73M -$3.00M $2.73B
Net income -$52.19M -$3.50M $2.05B
Free cash flow -$56.62M – $1.93B
R&D $37.27M $747.00K $38.00M
EPS (diluted) $-0.29 – $5.13
Cash & equivalents $13.20M $8.15M $507.00M
Total debt – $1.22M $4.83B
Shares (diluted) 178.44M – 400.00M
Enterprise value $239.94M $194.86M $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
MetricHYLNWAVEHWM
P/E -11.7x -60.2x 39.9x
P/FCF -10.8x – 42.4x
P/Operating cash flow -14.4x – 34.1x
P/S 66.1x – 8.4x
P/B 3.6x 27.5x 14.2x
P/Tangible book 3.6x 27.5x 16.7x
EV/EBITDA -10.7x – 28.2x
EV/EBIT -9.3x -67.9x 31.6x
EV/Revenue 59.1x – 8.9x
EV/FCF -9.7x – 44.7x
EV/Operating cash flow -12.9x – 35.9x
PEG (3Y EPS CAGR) -0.38 – 0.81

Growth

14 metrics
MetricHYLNWAVEHWM
Revenue growth (1Y) 163.2% – 22.0%
Revenue CAGR (3Y) 62.1% – 14.9%
Gross profit growth (1Y) 154.4% – 33.7%
Gross profit CAGR (3Y) 29.7% – 26.3%
Operating income growth (1Y) 11.9% -16.2% 36.4%
Operating income CAGR (3Y) 29.6% -1.5% 35.5%
Net income growth (1Y) 7.3% -17.5% 41.6%
Net income CAGR (3Y) 30.7% -14.6% 47.5%
EPS growth (1Y) 8.9% – 43.6%
EPS CAGR (3Y) 30.4% – 49.5%
Operating cash flow growth (1Y) 10.5% – 40.3%
Operating cash flow CAGR (3Y) 30.3% – 38.8%
Free cash flow growth (1Y) 16.0% – 50.9%
Free cash flow CAGR (3Y) 24.4% – 41.0%

Profitability

14 metrics
MetricHYLNWAVEHWM
Gross margin 6.5% – 36.6%
EBITDA margin -551.3% – 31.4%
Operating margin -635.2% – 28.1%
Pretax margin -564.5% – 25.8%
Net margin -564.3% – 21.1%
FCF margin -612.3% – 19.8%
Operating cash flow margin -458.2% – 24.7%
Return on equity -29.7% -56.2% 35.7%
Return on assets -28.2% -40.5% 15.5%
Return on invested capital – – 21.5%
Return on capital employed -33.4% -48.6% 24.7%
Asset turnover 0.0x – 0.7x
Cash conversion (OCF / net income) 0.8x – 1.2x
Stock comp / revenue 64.8% – 1.0%

Financial Health

11 metrics
MetricHYLNWAVEHWM
Debt / assets – 12.0% 36.4%
Debt / equity – 0.2x 0.8x
Net debt / EBITDA – – 1.4x
Debt / FCF – – 2.5x
Liabilities / assets 5.6% 24.5% 56.6%
Equity / assets 94.4% 75.5% 43.4%
Interest coverage – -2.9x –
Current ratio 7.6x 3.5x 1.9x
Quick ratio 7.1x 3.4x 0.7x
Cash ratio 6.8x 3.3x 0.2x
Altman Z-score 34.04 – 8.71

Shareholder Returns

7 metrics
MetricHYLNWAVEHWM
Dividend yield – – 0.2%
Net buyback yield – – 1.6%
Shareholder yield – – 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.

ConsensusHYLNWAVEHWM
Forward P/E – – 39.6xFY2026
EPS, next fiscal year $-0.32FY2026 $-0.74FY2026 $5.19FY2026
EPS growth, next FY – – +37.7%FY2026
EPS growth, the year after – – +31.2%
Revenue, next fiscal year $14.80MFY2026 $179.29KFY2026 $10.37BFY2026
Revenue growth, next FY +325.2%FY2026 – +25.7%FY2026
Revenue growth, the year after +127.8% +35.0% +15.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHYLNWAVEHWM
Held by institutions 33.4% 1.2% 91.0%
Institutions holding 168 22 1,601
Change in shares held, QoQ +19.5% +520.8% +0.7%
Institutions buying 106 14 908
Institutions selling 38 2 484
Buyers to sellers 2.79 7.00 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.

HYLNWAVEHWM
HYLN 1.00 0.00 0.16
WAVE 0.00 1.00 0.06
HWM 0.16 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HYLN, WAVE and HWM?

Howmet Aerospace (HWM) is the largest by market capitalisation: Hyliion Holdings (HYLN) $574.05M, Eco Wave Power Global AB (publ) (WAVE) $221.93M, Howmet Aerospace (HWM) $79.38B.

Which company is growing faster?

Hyliion Holdings (HYLN) grew revenue fastest over the trailing twelve months: Hyliion Holdings (HYLN) +163.2%, Howmet Aerospace (HWM) +22.0%.

Which company is more profitable?

Howmet Aerospace (HWM) has the highest net margin (Hyliion Holdings (HYLN) -564.3%, Howmet Aerospace (HWM) 21.1%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: Hyliion Holdings (HYLN) +50.7%, Eco Wave Power Global AB (publ) (WAVE) -43.0%, Howmet Aerospace (HWM) +1.1%. Over five years, Howmet Aerospace (HWM) compounded fastest (Hyliion Holdings (HYLN) -15.8%/yr, Eco Wave Power Global AB (publ) (WAVE) -7.7%/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: Hyliion Holdings (HYLN) 0.00%, Eco Wave Power Global AB (publ) (WAVE) 0.00%, Howmet Aerospace (HWM) 0.00%. Hyliion Holdings (HYLN) and Eco Wave Power Global AB (publ) (WAVE) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Howmet Aerospace (HWM) has been the steadiest (Hyliion Holdings (HYLN) 98.6%, Eco Wave Power Global AB (publ) (WAVE) 70.4%, Howmet Aerospace (HWM) 35.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HYLN, WAVE 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 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.