Howmet Aerospace (HWM) Return on Capital Employed [ROCE] (2009 - 2026)
Howmet Aerospace (HWM) recorded Return on Capital Employed [ROCE] of 24.70% in Q3 2026, up 3.60 percentage points from 21.10% a year earlier and up 1.72 percentage points from the prior quarter.
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Analysis
Howmet Aerospace (HWM) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Howmet Aerospace reported Return on Capital Employed [ROCE] of 22.54%, up 4.24 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for six straight years, with a five-year change of +17.66 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 18.30% in FY2024 (+4.24 pp), 14.06% in FY2023 (+3.56 pp), 10.50% in FY2022 (+2.69 pp) and 7.81% in FY2021 (+2.94 pp).
- The Q3 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q3 2016.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for 20 consecutive quarters, with an average year-over-year change of +3.79 percentage points over the last eight quarters.
- Across the past five years, year-over-year gain in Return on Capital Employed [ROCE] ran from 0.85 percentage points in Q3 2022 to 5.52 percentage points in Q2 2024.
- Per Business Quant, the preceding three quarters came in at 22.99% (Q2 2026), 23.50% (Q1 2026) and 21.75% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 334.86 Bn | 293.38 Bn | 5.02 Bn | -19.49% |
| 2 | Rtx | 256.39 Bn | 224.66 Bn | 5.81 Bn | 10.08% |
| 3 | Boeing | 137.52 Bn | 46.48 Bn | 2.17 Bn | 17.91% |
| 4 | Lockheed Martin | 130.55 Bn | 114.79 Bn | 2.44 Bn | 23.92% |
| 5 | General Dynamics | 95.65 Bn | 80.88 Bn | 2.25 Bn | 14.17% |
| 6 | Motorola Solutions | 85.05 Bn | 81.51 Bn | 1.77 Bn | 21.71% |
| 7 | Howmet Aerospace | 81.91 Bn | 77.67 Bn | 1.00 Bn | 24.70% |
| 8 | Northrop Grumman | 74.74 Bn | 62.20 Bn | 2.35 Bn | 12.21% |
| 9 | Honeywell International | 69.91 Bn | 29.43 Bn | 2.02 Bn | -7.52% |
| 10 | TransDigm | 68.72 Bn | 56.73 Bn | 1.63 Bn | 19.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.70% |
| Jun 30, 2026 | 22.99% |
| Mar 31, 2026 | 23.50% |
| Dec 31, 2025 | 21.75% |
| Sep 30, 2025 | 21.10% |
| Jun 30, 2025 | 20.21% |
| Mar 31, 2025 | 19.32% |
| Dec 31, 2024 | 18.17% |
| Sep 30, 2024 | 16.63% |
| Jun 30, 2024 | 17.10% |
| Mar 31, 2024 | 14.76% |
| Dec 31, 2023 | 14.13% |
| Sep 30, 2023 | 12.54% |
| Jun 30, 2023 | 11.58% |
| Mar 31, 2023 | 11.05% |
| Dec 31, 2022 | 10.67% |
| Sep 30, 2022 | 9.83% |
| Jun 30, 2022 | 9.39% |
| Mar 31, 2022 | 8.85% |
| Dec 31, 2021 | 8.28% |
API Access
Howmet Aerospace Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=HWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=HWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();