Howmet Aerospace (HWM) Gross Margin (2009 - 2026)
Howmet Aerospace (HWM) recorded Gross Margin of 37.11% in Q3 2026, up 2.45 percentage points from 34.66% a year earlier but down 0.23 percentage points from the prior quarter.
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Analysis
Howmet Aerospace (HWM) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Howmet Aerospace's Gross Margin came in at 36.63% as of Sep 30, 2026, up 3.20 percentage points year-over-year; for FY2025, it was 34.17%, up 3.07 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +7.91 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 31.10% in FY2024 (+2.99 pp), 28.12% in FY2023 (+0.57 pp), 27.55% in FY2022 (-0.13 pp) and 27.67% in FY2021 (+1.42 pp).
- Quarterly Gross Margin has ranged from 26.31% in Q3 2022 to 37.34% in Q2 2026 over the past five years.
- On a year-over-year basis, Gross Margin has increased for 13 consecutive quarters, with an average year-over-year change of +3.09 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 4.30 percentage points in Q1 2025, against a drop of 2.56 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 37.34% (Q2 2026), 36.92% (Q1 2026) and 34.87% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,722.87 Bn | 1,722.87 Bn | 9.10 Bn | 62.42% |
| 2 | General Electric | 345.20 Bn | 303.72 Bn | 5.02 Bn | 35.57% |
| 3 | Rtx | 269.97 Bn | 238.24 Bn | 5.81 Bn | 23.25% |
| 4 | Lockheed Martin | 137.94 Bn | 122.17 Bn | 2.44 Bn | 11.76% |
| 5 | Boeing | 136.62 Bn | 45.58 Bn | 2.17 Bn | 8.96% |
| 6 | General Dynamics | 98.71 Bn | 83.95 Bn | 2.25 Bn | 15.44% |
| 7 | Howmet Aerospace | 88.13 Bn | 83.88 Bn | 1.00 Bn | 37.11% |
| 8 | Motorola Solutions | 86.35 Bn | 82.81 Bn | 1.77 Bn | 52.37% |
| 9 | Northrop Grumman | 77.53 Bn | 64.99 Bn | 2.35 Bn | 21.15% |
| 10 | Honeywell International | 72.26 Bn | 31.77 Bn | 2.02 Bn | 40.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.11% |
| Jun 30, 2026 | 37.34% |
| Mar 31, 2026 | 36.92% |
| Dec 31, 2025 | 34.87% |
| Sep 30, 2025 | 34.66% |
| Jun 30, 2025 | 33.51% |
| Mar 31, 2025 | 33.57% |
| Dec 31, 2024 | 31.84% |
| Sep 30, 2024 | 31.72% |
| Jun 30, 2024 | 31.54% |
| Mar 31, 2024 | 29.28% |
| Dec 31, 2023 | 28.94% |
| Sep 30, 2023 | 28.65% |
| Jun 30, 2023 | 27.43% |
| Mar 31, 2023 | 27.39% |
| Dec 31, 2022 | 26.64% |
| Sep 30, 2022 | 26.31% |
| Jun 30, 2022 | 29.15% |
| Mar 31, 2022 | 28.25% |
| Dec 31, 2021 | 27.00% |
API Access
Howmet Aerospace Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();