Howmet Aerospace (HWM) Operating Expenses (2009 - 2026)
Howmet Aerospace (HWM) reported Operating Expenses of $156 million for Q2 2026, up 59.2% from $98 million a year earlier and up 477.8% from the prior quarter.
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Analysis
Howmet Aerospace (HWM) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Howmet Aerospace's Operating Expenses came in at $487 million, up 33.8% year-over-year; for FY2025, it came in at $739 million, up 14.8% from FY2024.
- Operating Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 0.7% (FY2020 to FY2025).
- By year, Operating Expenses came in at $644 million in FY2024 (+2.5%), $628 million in FY2023 (+4.1%), $603 million in FY2022 (+2.2%) and $590 million in FY2021 (-17.1%).
- Five-year quarterly Operating Expenses spans a low of $27 million in Q1 2026 and a high of $194 million in Q4 2025.
- Year over year, Operating Expenses gained in three of the last eight quarters, with growth averaging 9.9%.
- The high point for year-over-year Operating Expenses in five years was Q4 2025 (growth of 131.0%); the low point was Q1 2026 (a decline of 69.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $27 million (Q1 2026), $194 million (Q4 2025) and $110 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 10.86 Bn |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 21.96 Bn |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | 2.35 Bn |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | - |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 156.00 Mn |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 12.63 Bn |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 756.00 Mn |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 9.78 Bn |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 1.87 Bn |
| 10 | TransDigm | 59.83 Bn | 47.91 Bn | 1.63 Bn | 332.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 156.00 Mn |
| Mar 31, 2026 | 27.00 Mn |
| Dec 31, 2025 | 194.00 Mn |
| Sep 30, 2025 | 110.00 Mn |
| Jun 30, 2025 | 98.00 Mn |
| Mar 31, 2025 | 89.00 Mn |
| Dec 31, 2024 | 84.00 Mn |
| Sep 30, 2024 | 93.00 Mn |
| Jun 30, 2024 | 126.00 Mn |
| Mar 31, 2024 | 98.00 Mn |
| Dec 31, 2023 | 107.00 Mn |
| Sep 30, 2023 | 100.00 Mn |
| Jun 30, 2023 | 100.00 Mn |
| Mar 31, 2023 | 85.00 Mn |
| Dec 31, 2022 | 116.00 Mn |
| Sep 30, 2022 | 84.00 Mn |
| Jun 30, 2022 | 98.00 Mn |
| Mar 31, 2022 | 78.00 Mn |
| Dec 31, 2021 | 133.00 Mn |
| Sep 30, 2021 | 82.00 Mn |
API Access
Howmet Aerospace Operating Expenses 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=operating-expenses&ticker=HWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=HWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();