Howmet Aerospace (HWM) Operating Margin (2009 - 2026)
Howmet Aerospace (HWM) posted Operating Margin of 32.56% for Q1 2026, up 44.33% sequentially from 22.56% in Q4 2025, and up 712.0% YoY from 4.01% in Q1 2025.
Howmet Aerospace (HWM) Operating Margin (2009 - 2026) Analysis & Trends
Howmet Aerospace (HWM) has 18 years of Operating Margin data on file, last reported at 32.56% in Q1 2026.
- Quarterly Operating Margin rose 712.0% year-over-year to 32.56% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.73% (up 344.0% YoY) and the FY2025 annual result came in at 24.79%, up 282.0% from the prior year.
- Operating Margin improved to 32.56% in Q1 2026 per HWM's latest filing, from 22.56% in the prior quarter.
- The five-year high for Operating Margin was 32.56% in Q1 2026, with the low at 14.54% in Q4 2022.
- Average Operating Margin over 5 years is 21.02%, with a median of 20.23% recorded in 2024.
- Year-over-year, Operating Margin plunged 98 bps in 2025 and soared 712 bps in 2026.
- Howmet Aerospace's Operating Margin stood at 14.54% in 2022, then rose by 30 bps to 18.83% in 2023, then advanced by 25 bps to 23.53% in 2024, then dropped by 4 bps to 22.56% in 2025, then surged by 44 bps to 32.56% in 2026.
- Business Quant data shows HWM's Operating Margin at 32.56% in Q1 2026, 22.56% in Q4 2025, and 25.95% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.02% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 11.57% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 10.53% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 11.45% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 32.56% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 46.31% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 10.01% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -27.94% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 11.35% |
| 10 | Heico | 50.20 Bn | 50.07 Bn | 569.53 Mn | 25.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.56% |
| Dec 31, 2025 | 22.56% |
| Sep 30, 2025 | 25.95% |
| Jun 30, 2025 | 25.38% |
| Mar 31, 2025 | 25.44% |
| Dec 31, 2024 | 23.53% |
| Sep 30, 2024 | 22.94% |
| Jun 30, 2024 | 21.17% |
| Mar 31, 2024 | 20.23% |
| Dec 31, 2023 | 18.83% |
| Sep 30, 2023 | 18.52% |
| Jun 30, 2023 | 17.29% |
| Mar 31, 2023 | 17.78% |
| Dec 31, 2022 | 14.54% |
| Sep 30, 2022 | 15.91% |
| Jun 30, 2022 | 17.30% |
| Mar 31, 2022 | 17.37% |
| Dec 31, 2021 | 11.44% |
| Sep 30, 2021 | 15.98% |
| Jun 30, 2021 | 17.32% |