HWM vs MT
Howmet Aerospace Inc. and ArcelorMittal, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HWM | MT |
|---|---|---|
| Revenue | $8.3B | $61.4B |
| Net income | $1.5B | $3.2B |
| Gross margin | 34.2% | 7.1% |
| Net margin | 18.3% | 5.3% |
| Return on equity | 30.4% | 6.1% |
| Diluted EPS | $3.71 | $4.11 |
| Dividend / share | $0.44 | · |
| Payout ratio | · | 17.2% |
| Free cash flow | $1.4B | · |
| Equity | $5.4B | $54.5B |
| Net debt / equity | 0.43× | 0.15× |
| Current ratio | 2.13× | 1.36× |
| Revenue CAGR 5y | 9.4% | 2.9% |
| Profit CAGR 5y | 42.0% | · |
MT bills 7.4× the revenue of HWM, and HWM keeps more of each dollar of revenue as profit (18.3% against 5.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | HWM | MT |
|---|---|---|
| FY2025 | $8.3B | $61.4B |
| FY2024 | $7.4B | $62.4B |
| FY2023 | $6.6B | $68.3B |
| FY2022 | $5.7B | $79.8B |
| FY2021 | $5.0B | $76.6B |
| FY2020 | $5.3B | $53.3B |
| FY2019 | $7.1B | $70.6B |
| FY2018 | $6.8B | $76.0B |
| FY2017 | $13.0B | $68.7B |
| FY2016 | $12.4B | $56.8B |
Bottom line
| Fiscal year | HWM | MT |
|---|---|---|
| FY2025 | $1.5B | $3.2B |
| FY2024 | $1.2B | $1.3B |
| FY2023 | $765.0M | $919.0M |
| FY2022 | $469.0M | $9.3B |
| FY2021 | $258.0M | $15.0B |
| FY2020 | $261.0M | $-733.0M |
| FY2019 | $470.0M | $-2.5B |
| FY2018 | $642.0M | $5.1B |
| FY2017 | $-74.0M | $4.6B |
| FY2016 | $-941.0M | $1.8B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$53,100,000,000 | MT |
| FY2024 | −$55,011,000,000 | MT |
| FY2023 | −$61,635,000,000 | MT |
| FY2022 | −$74,181,000,000 | MT |
| FY2021 | −$71,599,000,000 | MT |
| FY2020 | −$48,011,000,000 | MT |
| FY2019 | −$63,517,000,000 | MT |
| FY2018 | −$69,255,000,000 | MT |
| FY2017 | −$55,719,000,000 | MT |
| FY2016 | −$44,397,000,000 | MT |
| FY2015 | −$51,165,000,000 | MT |
MT has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +13.0 pp | HWM |
| FY2024 | +13.3 pp | HWM |
| FY2023 | +10.0 pp | HWM |
| FY2022 | −3.7 pp | MT |
| FY2021 | −15.1 pp | MT |
| FY2020 | +6.0 pp | HWM |
| FY2019 | +10.0 pp | HWM |
| FY2018 | +2.5 pp | HWM |
| FY2017 | −7.2 pp | MT |
| FY2016 | −10.1 pp | MT |
| FY2015 | +11.7 pp | HWM |
The higher net margin has changed hands between HWM and MT over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MT's net margin has been more volatile than HWM's over the 11 comparable fiscal years — 8.2 percentage points of standard deviation against 7.1.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HWM and MT over these 11 fiscal years — HWM led in 7 and MT in 4.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MT's return on equity has been more volatile than HWM's over the 11 comparable fiscal years — 13.7 percentage points of standard deviation against 12.0.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HWM and MT over these 11 fiscal years — HWM led in 6 and MT in 5.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.