HWM vs TX
Howmet Aerospace Inc. and Ternium S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HWM | TX |
|---|---|---|
| Revenue | $8.3B | $15.6B |
| Net income | $1.5B | $425.2M |
| Gross margin | 34.2% | 15.1% |
| Net margin | 18.3% | 1.9% |
| Return on equity | 30.4% | 3.6% |
| Diluted EPS | $3.71 | $0.22 |
| Dividend / share | $0.44 | $0.27 |
| Payout ratio | · | 124.6% |
| Free cash flow | $1.4B | $-345.5M |
| Equity | $5.4B | $11.9B |
| Net debt / equity | 0.43× | 0.07× |
| Current ratio | 2.13× | 2.49× |
| Revenue CAGR 5y | 9.4% | 12.3% |
| Profit CAGR 5y | 42.0% | −11.4% |
TX bills 1.9× the revenue of HWM, and HWM keeps more of each dollar of revenue as profit (18.3% against 1.9%).
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 | TX |
|---|---|---|
| FY2025 | $8.3B | $15.6B |
| FY2024 | $7.4B | $17.6B |
| FY2023 | $6.6B | $17.6B |
| FY2022 | $5.7B | $16.4B |
| FY2021 | $5.0B | $16.1B |
| FY2020 | $5.3B | $8.7B |
| FY2019 | $7.1B | $10.2B |
| FY2018 | $6.8B | $11.5B |
| FY2017 | $13.0B | $9.7B |
| FY2016 | $12.4B | $7.2B |
Bottom line
| Fiscal year | HWM | TX |
|---|---|---|
| FY2025 | $1.5B | $425.2M |
| FY2024 | $1.2B | $-53.7M |
| FY2023 | $765.0M | $676.0M |
| FY2022 | $469.0M | $1.8B |
| FY2021 | $258.0M | $3.8B |
| FY2020 | $261.0M | $778.5M |
| FY2019 | $470.0M | $564.3M |
| FY2018 | $642.0M | $1.5B |
| FY2017 | $-74.0M | $886.2M |
| FY2016 | $-941.0M | $595.6M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$7,357,094,000 | TX |
| FY2024 | −$10,219,060,000 | TX |
| FY2023 | −$10,970,092,000 | TX |
| FY2022 | −$10,751,466,000 | TX |
| FY2021 | −$11,118,744,000 | TX |
| FY2020 | −$3,476,435,000 | TX |
| FY2019 | −$3,094,818,000 | TX |
| FY2018 | −$4,676,807,000 | TX |
| FY2017 | +$3,259,704,000 | HWM |
| FY2016 | +$5,170,025,000 | HWM |
| FY2015 | +$4,535,551,000 | HWM |
The higher-revenue side has changed between HWM and TX over this period. 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 | +16.3 pp | HWM |
| FY2024 | +14.6 pp | HWM |
| FY2023 | +5.9 pp | HWM |
| FY2022 | −4.5 pp | TX |
| FY2021 | −22.0 pp | TX |
| FY2020 | −5.0 pp | TX |
| FY2019 | +0.4 pp | HWM |
| FY2018 | −5.0 pp | TX |
| FY2017 | −11.1 pp | TX |
| FY2016 | −16.9 pp | TX |
| FY2015 | −2.3 pp | TX |
The higher net margin has changed hands between HWM and TX over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TX's net margin has been more volatile than HWM's over the 11 comparable fiscal years — 7.3 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 TX over these 11 fiscal years — HWM led in 4 and TX in 7.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TX's return on equity has been more volatile than HWM's over the 10 comparable fiscal years — 12.0 percentage points of standard deviation against 11.8.
10 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 TX over these 10 fiscal years — HWM led in 4 and TX in 6.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.