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Howmet Aerospace Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $92.7B | |
|---|---|---|
| Revenue (ttm) | 9.1B | |
| Net income (ttm) | 1.9B | |
| EPS (ttm) | $4.64 | |
| Shares out | 398.8M | |
| P/E (trailing) | 42.0x | |
| P/E (forward) | 36.0x | |
| Dividend | $0.56 (0.29%) | |
| Volume | 3,348,919 | |
| Beta | 1.20 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $4.97B | $5.66B | $6.64B | $7.43B | $8.25B | +13.5% |
| Gross profit | $1.13B | $1.35B | $1.61B | $2.05B | $2.54B | +22.3% |
| Operating income | $748.0M | $919.0M | $1.20B | $1.63B | $2.05B | +28.6% |
| Net income | $258.0M | $469.0M | $765.0M | $1.16B | $1.51B | +55.5% |
| EPS (diluted) | $0.59 | $1.11 | $1.83 | $2.81 | $3.71 | +58.4% |
| EBITDA | $853.0M | $1.10B | $1.47B | $1.84B | $2.27B | +27.8% |
| R&D | $17.0M | $32.0M | $36.0M | $33.0M | $37.0M | +21.5% |
| SG&A | $251.0M | $288.0M | $333.0M | $347.0M | $370.0M | +10.2% |
Recent company headlines from major financial publishers.
The Base scenario reflects our house forecast schedule, where revenue expands to $10,056M in FY2026 and $11,439M in FY2027, consistent with management full-year guidance. Operating margins expand from 24.79% in FY2025 to 25.90% by FY2030 as casting pit utilization remains fully committed. Supported by a 90% free cash flow conversion rate, enterprise DCF ($82.07) and owner earnings ($81.31) establish a synthesized fair value midpoint of $87.31.
The Bull scenario models accelerated commercial widebody assembly rates on the A350 and 787, rapid operationalization of multi-deposition coating lines, and aggressive expansion in terrestrial IGT capacity agreements. Surging aftermarket demand for LEAP-1B and Pratt & Whitney GTF spare aerofoils expands operating margins past 28.0%, driving valuation toward the upper bound of our fair value range at $106.76.
| Ke ↓ / g → | 2.5% | 2.8% | 3.0% | 3.3% | 3.5% |
|---|---|---|---|---|---|
| 8.4% | $91.9 | $93.4 | $94.9 | $96.6 | $98.5 |
| 8.9% | $88.4 | $89.5 | $90.8 | $92.2 | $93.7 |
| 9.4% | $85.2 | $86.2 | $87.3 | $88.5 | $89.7 |
| 9.9% | $82.5 | $83.4 | $84.3 | $85.2 | $86.3 |
| 10.4% | $80.1 | $80.8 | $81.6 | $82.4 | $83.3 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
