Howmet Aerospace (HWM) Research & Development (2009 - 2026)
Howmet Aerospace's Research & Development was $11 million in Q3 2026, up 10.0% from $10 million a year earlier and up 37.5% from the prior quarter.
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Analysis
Howmet Aerospace (HWM) Research & Development (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Howmet Aerospace's Research & Development was $38 million through Sep 30, 2026, up 11.8% year-over-year; for FY2025, it came in at $37 million, up 12.1% from FY2024.
- Research & Development shows a five-year compound annual growth rate of 16.8% (FY2020 to FY2025).
- In earlier years, Research & Development was $33 million in FY2024 (-8.3%), $36 million in FY2023 (+12.5%), $32 million in FY2022 (+88.2%) and $17 million in FY2021 (unchanged).
- The Q3 2026 figure marks the highest quarterly Research & Development since Q2 2019.
- Compared with a year earlier, Research & Development was higher in five of the last eight quarters, with growth averaging 6.5%.
- The best year-over-year quarter for Research & Development over five years was Q4 2022 (growth of 125.0%); the worst was Q2 2024 (a decline of 22.2%).
- Per Business Quant data, HWM's Research & Development in the three quarters before Q3 2026 was $8 million (Q2 2026), $9 million (Q1 2026) and $10 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,722.87 Bn | 1,722.87 Bn | 9.10 Bn | 4.60 Bn |
| 2 | General Electric | 345.20 Bn | 303.72 Bn | 5.02 Bn | 458.00 Mn |
| 3 | Rtx | 269.97 Bn | 238.24 Bn | 5.81 Bn | 711.00 Mn |
| 4 | Lockheed Martin | 137.94 Bn | 122.17 Bn | 2.44 Bn | - |
| 5 | Boeing | 136.62 Bn | 45.58 Bn | 2.17 Bn | 830.00 Mn |
| 6 | General Dynamics | 98.71 Bn | 83.95 Bn | 2.25 Bn | - |
| 7 | Howmet Aerospace | 88.13 Bn | 83.88 Bn | 1.00 Bn | 11.00 Mn |
| 8 | Motorola Solutions | 86.35 Bn | 82.81 Bn | 1.77 Bn | 276.00 Mn |
| 9 | Northrop Grumman | 77.53 Bn | 64.99 Bn | 2.35 Bn | - |
| 10 | Honeywell International | 72.26 Bn | 31.77 Bn | 2.02 Bn | 239.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.00 Mn |
| Jun 30, 2026 | 8.00 Mn |
| Mar 31, 2026 | 9.00 Mn |
| Dec 31, 2025 | 10.00 Mn |
| Sep 30, 2025 | 10.00 Mn |
| Jun 30, 2025 | 9.00 Mn |
| Mar 31, 2025 | 8.00 Mn |
| Dec 31, 2024 | 7.00 Mn |
| Sep 30, 2024 | 9.00 Mn |
| Jun 30, 2024 | 7.00 Mn |
| Mar 31, 2024 | 10.00 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Sep 30, 2023 | 9.00 Mn |
| Jun 30, 2023 | 9.00 Mn |
| Mar 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | 9.00 Mn |
| Sep 30, 2022 | 7.00 Mn |
| Jun 30, 2022 | 9.00 Mn |
| Mar 31, 2022 | 7.00 Mn |
| Dec 31, 2021 | 4.00 Mn |
API Access
Howmet Aerospace Research & Development 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=research-and-development&ticker=HWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();