HWM vs NUE
Howmet Aerospace Inc. and Nucor Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HWM | NUE |
|---|---|---|
| Revenue | $8.3B | $32.5B |
| Net income | $1.5B | $1.7B |
| Gross margin | 34.2% | 11.9% |
| Net margin | 18.3% | 6.3% |
| Return on equity | 30.4% | 8.5% |
| Diluted EPS | $3.71 | $7.52 |
| Dividend / share | $0.44 | $2.21 |
| Payout ratio | · | 29.4% |
| Free cash flow | $1.4B | $-188.0M |
| Equity | $5.4B | $20.9B |
| Net debt / equity | 0.43× | 0.23× |
| Current ratio | 2.13× | 2.94× |
| Revenue CAGR 5y | 9.4% | 10.0% |
| Profit CAGR 5y | 42.0% | 19.3% |
NUE bills 3.9× the revenue of HWM, and HWM keeps more of each dollar of revenue as profit (18.3% against 6.3%).
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 | NUE |
|---|---|---|
| FY2025 | $8.3B | $32.5B |
| FY2024 | $7.4B | $30.7B |
| FY2023 | $6.6B | $34.7B |
| FY2022 | $5.7B | $41.5B |
| FY2021 | $5.0B | $36.5B |
| FY2020 | $5.3B | $20.1B |
| FY2019 | $7.1B | $22.6B |
| FY2018 | $6.8B | $25.1B |
| FY2017 | $13.0B | $20.3B |
| FY2016 | $12.4B | $16.2B |
Bottom line
| Fiscal year | HWM | NUE |
|---|---|---|
| FY2025 | $1.5B | $1.7B |
| FY2024 | $1.2B | $2.0B |
| FY2023 | $765.0M | $4.5B |
| FY2022 | $469.0M | $7.6B |
| FY2021 | $258.0M | $6.8B |
| FY2020 | $261.0M | $721.5M |
| FY2019 | $470.0M | $1.3B |
| FY2018 | $642.0M | $2.4B |
| FY2017 | $-74.0M | $1.3B |
| FY2016 | $-941.0M | $796.3M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$24,242,000,000 | NUE |
| FY2024 | −$23,304,000,000 | NUE |
| FY2023 | −$28,074,000,000 | NUE |
| FY2022 | −$35,849,000,000 | NUE |
| FY2021 | −$31,511,939,000 | NUE |
| FY2020 | −$14,880,658,000 | NUE |
| FY2019 | −$15,490,858,000 | NUE |
| FY2018 | −$18,289,279,000 | NUE |
| FY2017 | −$7,292,393,000 | NUE |
| FY2016 | −$3,814,122,000 | NUE |
| FY2015 | −$4,026,276,000 | NUE |
| FY2014 | −$8,563,141,000 | NUE |
| FY2013 | +$3,979,954,000 | HWM |
| FY2012 | +$4,270,727,000 | HWM |
| FY2011 | +$4,927,436,000 | HWM |
| FY2010 | +$5,168,373,000 | HWM |
| FY2009 | +$7,248,704,000 | HWM |
| FY2008 | +$3,237,676,000 | HWM |
| FY2007 | +$12,687,024,000 | HWM |
The higher-revenue side has changed between HWM and NUE over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +12.0 pp | HWM |
| FY2024 | +8.0 pp | HWM |
| FY2023 | −2.6 pp | NUE |
| FY2022 | −11.2 pp | NUE |
| FY2021 | −14.3 pp | NUE |
| FY2020 | +0.8 pp | HWM |
| FY2019 | +0.6 pp | HWM |
| FY2018 | −0.4 pp | NUE |
| FY2017 | −7.4 pp | NUE |
| FY2016 | −12.6 pp | NUE |
| FY2015 | −2.8 pp | NUE |
| FY2014 | −2.3 pp | NUE |
| FY2013 | −12.8 pp | NUE |
| FY2012 | −2.4 pp | NUE |
| FY2011 | −1.1 pp | NUE |
| FY2010 | +0.6 pp | HWM |
| FY2009 | −3.8 pp | NUE |
| FY2008 | −8.5 pp | NUE |
| FY2007 | −0.6 pp | NUE |
The higher net margin has changed hands between HWM and NUE over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HWM's net margin has been more volatile than NUE's over the 19 comparable fiscal years — 7.2 percentage points of standard deviation against 5.6.
19 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 NUE over these 19 fiscal years — HWM led in 5 and NUE in 14.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NUE's return on equity has been more volatile than HWM's over the 18 comparable fiscal years — 15.0 percentage points of standard deviation against 12.3.
18 of 19 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 NUE over these 18 fiscal years — HWM led in 3 and NUE in 15.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.