Howmet Aerospace
HWM · Aerospace & Defense
$185.91
3.8%TransDigm Group
TDG · Aerospace & Defense
$1,104.84
3.2%The short version
- TransDigm Group is the larger business, with $8.8B of revenue in fiscal 2025 against $8.3B for Howmet Aerospace.
- TransDigm Group kept more of each dollar of sales as operating profit (47.2% operating margin, against 24.8% operating margin).
- TransDigm Group turned more of its sales into free cash flow (20.6% FCF margin, against 17.3% FCF margin).
- Investors pay more for each dollar of Howmet Aerospace’s earnings: a P/E of 40.1x against 33.5x for TransDigm Group.
| Latest fiscal year | HWM · FY25 | TDG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $74.7B | $63.4B |
| Revenue | $8.3B | $8.8B |
| Free cash flow | $1.4B | $1.8B |
| Net income | $1.5B | $2.1B |
| Growth | ||
| Revenue growth | 11.1% | 11.2% |
| 5-year growth | 9.4% | 11.6% |
| Share count change | −1.0% | 0.7% |
| Profitability | ||
| Gross margin | — | 60.1% |
| Operating margin | 24.8% | 47.2% |
| Net margin | 18.3% | 23.5% |
| FCF margin | 17.3% | 20.6% |
| Return on capital | 22.4% | 22.5% |
| Return on equity | 30.4% | — |
| Balance sheet | ||
| Net debt | $2.3B | $26.8B |
| Net debt / EBITDA | 1.0x | 5.9x |
| Dividends and buybacks | $881M | $659M |
| Valuation & quality | ||
| P/E | 40.1x | 33.5x |
| Piotroski F-score | 7 | 4 |
FY16
HWM $12.4B
TDG $3.2B
FY17
HWM $13.0B
TDG $3.5B
FY18
HWM $6.8B
TDG $3.8B
FY19
HWM $7.1B
TDG $5.2B
FY20
HWM $5.3B
TDG $5.1B
FY21
HWM $5.0B
TDG $4.8B
FY22
HWM $5.7B
TDG $5.4B
FY23
HWM $6.6B
TDG $6.6B
FY24
HWM $7.4B
TDG $7.9B
FY25
HWM $8.3B
TDG $8.8B
HWM
TDG
FY16
HWM 7.7%
TDG 40.0%
FY17
HWM 3.7%
TDG 42.3%
FY18
HWM 11.4%
TDG 43.4%
FY19
HWM 8.2%
TDG 36.9%
FY20
HWM 11.9%
TDG 34.3%
FY21
HWM 15.0%
TDG 35.2%
FY22
HWM 16.2%
TDG 40.8%
FY23
HWM 18.1%
TDG 44.4%
FY24
HWM 22.0%
TDG 44.5%
FY25
HWM 24.8%
TDG 47.2%
HWM
TDG
FY16
HWM −$1.0B
TDG $639M
FY17
HWM −$635M
TDG $718M
FY18
HWM −$551M
TDG $949M
FY19
HWM −$180M
TDG $913M
FY20
HWM −$258M
TDG $1.1B
FY21
HWM $250M
TDG $808M
FY22
HWM $540M
TDG $829M
FY23
HWM $682M
TDG $1.2B
FY24
HWM $977M
TDG $1.9B
FY25
HWM $1.4B
TDG $1.8B
HWM
TDG
FY16
HWM 2.9%
TDG 13.7%
FY17
HWM 2.3%
TDG 14.3%
FY18
HWM 5.7%
TDG 19.5%
FY19
HWM 3.5%
TDG 14.6%
FY20
HWM 7.2%
TDG 13.3%
FY21
HWM 8.3%
TDG 14.0%
FY22
HWM 10.2%
TDG 13.7%
FY23
HWM 13.4%
TDG 16.4%
FY24
HWM 18.9%
TDG 20.8%
FY25
HWM 22.4%
TDG 22.5%
HWM
TDG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.