Howmet Aerospace (HWM) Operating Margin (2009 - 2026)
Howmet Aerospace's (HWM) quarterly Operating Margin came in at 27.92% in Q2 2026, up 254.0% year-over-year from 7.89% in Q2 2025, and down 14.25% quarter-over-quarter from 32.56% in Q1 2026.
Analysis
Howmet Aerospace (HWM) Operating Margin (2009 - 2026) Analysis & Trends
Howmet Aerospace has disclosed Operating Margin across 18 years of filings, most recently posting 27.92% for Q2 2026.
- In Q2 2026, Operating Margin rose 254.0% year-over-year to 27.92%; the TTM figure through Jun 2026 stood at 27.37% (up 300.0% YoY), while the FY2025 annual figure was 24.79%, up 282.0% from the prior year.
- Operating Margin came in at 27.92% for Q2 2026 at Howmet Aerospace, down from 32.56% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 32.56% in Q1 2026 to a low of 14.54% in Q4 2022.
- Average Operating Margin over 5 years is 21.4%, with a median of 20.7% recorded in 2024.
- Year-over-year, Operating Margin sank 98 bps in 2025 and soared 712 bps in 2026.
- Over 5 years, Operating Margin stood at 14.54% in 2022, then climbed by 30 bps to 18.83% in 2023, then increased by 25 bps to 23.53% in 2024, then retreated by 4 bps to 22.56% in 2025, then advanced by 24 bps to 27.92% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 27.92% in Q2 2026, 32.56% in Q1 2026, and 22.56% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rtx | 267.36 Bn | 259.05 Bn | 9.91 Bn | 11.38% |
| 2 | Boeing | 162.13 Bn | 142.11 Bn | 2.41 Bn | 0.64% |
| 3 | Howmet Aerospace | 91.25 Bn | 90.68 Bn | 951.00 Mn | 27.92% |
| 4 | TransDigm | 64.60 Bn | 61.82 Bn | 1.63 Bn | 44.76% |
| 5 | Honeywell International | 64.12 Bn | 54.92 Bn | 3.65 Bn | 18.37% |
| 6 | Heico | 43.56 Bn | 43.32 Bn | 580.99 Mn | 25.14% |
| 7 | AerCap Holdings | 24.20 Bn | 24.20 Bn | - | - |
| 8 | Woodward | 19.77 Bn | 19.30 Bn | 349.91 Mn | 16.66% |
| 9 | FTAI Aviation | 18.45 Bn | 18.11 Bn | 317.30 Mn | -46.27% |
| 10 | Textron | 13.73 Bn | 12.29 Bn | 304.00 Mn | -3.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.92% |
| 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% |