Howmet Aerospace (HWM) Operating Margin (2009 - 2026)
Howmet Aerospace (HWM) posted Operating Margin of 28.75% for Q3 2026, up 2.80 percentage points from 25.95% a year earlier and up 0.83 percentage points from the prior quarter.
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Analysis
Howmet Aerospace (HWM) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Howmet Aerospace was 28.05%, up 2.95 percentage points year-over-year; for FY2025, it came in at 24.79%, up 2.82 percentage points from FY2024.
- Annual Operating Margin has increased for six consecutive years, with a five-year change of +12.89 percentage points (FY2020 to FY2025).
- In prior years, Howmet Aerospace's Operating Margin was 21.98% in FY2024 (+3.86 pp), 18.12% in FY2023 (+1.89 pp), 16.23% in FY2022 (+1.18 pp) and 15.04% in FY2021 (+3.14 pp).
- Quarterly Operating Margin has run from a low of 11.44% in Q4 2021 to a high of 32.56% in Q1 2026 over five years.
- On a year-over-year basis, Operating Margin has increased in each of the last three quarters, with an average year-over-year change of +3.57 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2026, with a gain of 7.12 percentage points; the weakest was Q4 2021, with a drop of 6.41 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 27.92% (Q2 2026), 32.56% (Q1 2026) and 22.56% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,943.02 Bn | 1,704.73 Bn | 9.10 Bn | 19.15% |
| 2 | General Electric | 349.37 Bn | 308.11 Bn | 5.02 Bn | -1.26% |
| 3 | Rtx | 270.29 Bn | 240.28 Bn | 5.81 Bn | 13.37% |
| 4 | Lockheed Martin | 139.31 Bn | 123.54 Bn | 2.44 Bn | 11.80% |
| 5 | Boeing | 137.40 Bn | 46.38 Bn | 2.17 Bn | 1.46% |
| 6 | General Dynamics | 99.29 Bn | 84.52 Bn | 2.25 Bn | 10.48% |
| 7 | Motorola Solutions | 87.28 Bn | 83.77 Bn | 1.77 Bn | 23.02% |
| 8 | Howmet Aerospace | 87.15 Bn | 82.91 Bn | 1.00 Bn | 28.75% |
| 9 | Northrop Grumman | 77.96 Bn | 65.41 Bn | 2.35 Bn | 11.41% |
| 10 | Honeywell International | 72.44 Bn | 32.19 Bn | 2.02 Bn | 22.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.75% |
| 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% |
API Access
Howmet Aerospace Operating 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=operating-margin&ticker=HWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();