Howmet Aerospace (HWM) Operating Margin (2009 - 2026)
Howmet Aerospace (HWM) posted Operating Margin of 27.92% for Q2 2026, up 2.54 percentage points from 25.38% a year earlier but down 4.64 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 Jun 30, 2026, Operating Margin at Howmet Aerospace was 27.37%, up 3.00 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 increased in seven of the last eight quarters, with an average year-over-year change of +3.78 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2021, with a gain of 9.54 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 32.56% (Q1 2026), 22.56% (Q4 2025) and 25.95% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 300.98 Bn | 259.50 Bn | 5.02 Bn | -47.62% |
| 2 | Rtx | 259.16 Bn | 227.43 Bn | 5.81 Bn | 13.37% |
| 3 | Boeing | 149.93 Bn | 56.62 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 134.50 Bn | 121.23 Bn | 2.45 Bn | 12.36% |
| 5 | General Dynamics | 94.04 Bn | 81.15 Bn | 2.18 Bn | 10.36% |
| 6 | Northrop Grumman | 78.32 Bn | 65.78 Bn | 2.35 Bn | 11.41% |
| 7 | Motorola Solutions | 78.19 Bn | 74.53 Bn | 1.68 Bn | 25.82% |
| 8 | Howmet Aerospace | 77.47 Bn | 73.07 Bn | 951.00 Mn | 27.92% |
| 9 | Honeywell International | 68.47 Bn | 20.59 Bn | 3.65 Bn | 18.37% |
| 10 | TransDigm | 64.07 Bn | 52.08 Bn | 1.63 Bn | 44.76% |
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% |
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();