Recent News
Dec. 22, 2025 — Howmet announced a definitive agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion in cash; Howmet expects CAM to add $485–$495 million in FY2026 revenue and deliver an adjusted EBITDA margin in excess of 20% before synergies. Jan. 15, 2026 — Howmet scheduled a webcast to announce fourth-quarter and full‑year 2025 results. Jan. 20, 2026 — the Board approved a common-stock dividend. Feb. 6, 2026 — Howmet announced a Technology and Markets Day to be held March 10, 2026.
Technical Analysis
ADX / DI+/DI-: ADX reads 18.87, indicating no established trend; DI+ shows a dip & reversal and DI- shows a peak & reversal, both per rules implying bullish directional posture. Together this pattern signals potential near-term upside momentum without confirmed trend strength, consistent with a setup that can fail absent follow-through.
MACD: MACD equals 1.14 with a dip & reversal, which indicates returning bullish momentum, but the MACD line still sits below the signal line at 1.81. Momentum has started to rebuild, yet the lack of a bullish MACD crossover keeps a full momentum confirmation pending.
MRO: MRO stands at 28.31 (positive), which indicates price sits above WMDST’s target and therefore carries a predisposition to mean-revert downward; the reading implies elevated potential for a corrective pullback if other momentum signals fade.
RSI and Price Structure: RSI 56.05 with a dip & reversal denotes mild bullish momentum. Price closed at $223.16 above the 20‑day average ($214.20), 50‑day average ($207.92) and 200‑day average ($187.26); the stock trades near its 52‑week high ($226.87) and inside the upper Bollinger band, suggesting upside pressure but limited near-term room before encountering the upper band and recent high.
Supporting levels: Ichimoku Tenkan and Kijun sit around $215.6, providing near-term dynamic support; the super-trend lower at $203.96 offers a structural support reference. Volatility and volume remain elevated versus longer-term averages, which should amplify directional moves but not substitute for trend confirmation.
Fundamental Analysis
Profitability and margins: EBIT equals $532.0M and EBITDA equals $604.0M. EBIT margin registers 25.47%, above the industry peer mean of 10.11% and above the industry peer median of 12.71%, reflecting stronger operating profitability versus industry averages. Operating margin measures 25.95% and gross margin 31.21%; EBIT margin improved roughly 17.42% year‑over‑year on the supplied metric.
Earnings and cash flow: Reported EPS came in at $0.95 versus an estimate of $0.91, producing a $0.04 beat and an EPS surprise of 4.40%. Net income reached $385.0M while operating cash flow measured $531.0M and free cash flow totaled $423.0M. Free‑cash‑flow yield stands at 0.56%, a low cash yield relative to typical corporate benchmarks and below the industry peer mean for free‑cash‑flow yield provided.
Leverage and liquidity: Total debt sits at $3,352.0M with net debt of $2,530.0M and debt/EBITDA of 5.55x, signaling leveraged position by this metric. Interest coverage equals 14.38x, indicating ample ability to service interest despite the leverage level. Cash and short‑term investments total $659.0M and the current ratio reads 2.35 with a quick ratio of 1.14, supporting near‑term liquidity.
Growth and efficiency: Total revenue equals $2,089.0M. Revenue growth on the base metric shows 1.75%, while the supplied year‑over‑year growth figure reads as a large negative on the line item provided; earnings growth shows 4.40% while QoQ and YoY earnings-growth signals supplied indicate contraction on those specific measures. Asset turnover sits at 0.188, modestly above the industry peer mean of 0.167, indicating relatively low capital turnover but slightly better than the peer mean.
Valuation context: Price metrics show a P/E of 196.94, a price/book of 14.82 (above the industry peer mean of 5.61 and below the peer high), and a price/sales of 36.09. Forward P/E stands near 161.49 and forward PEG is elevated. The current valuation as determined by WMDST rates the stock over‑valued, consistent with stretched multiples versus peer averages and modest free‑cash yields.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-30 |
| NEXT REPORT DATE: | 2026-01-29 |
| CASH FLOW | Begin Period Cash Flow | $ 546.0 M |
| Operating Cash Flow | $ 531.0 M | |
| Capital Expenditures | $ -108.00 M | |
| Change In Working Capital | $ 4.0 M | |
| Dividends Paid | $ -48.00 M | |
| Cash Flow Delta | $ 114.0 M | |
| End Period Cash Flow | $ 660.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.1 B | |
| Forward Revenue | $ 608.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 1.4 B | |
| Depreciation | $ 72.0 M | |
| Depreciation and Amortization | $ 72.0 M | |
| Research and Development | $ 10.0 M | |
| Total Operating Expenses | $ 1.5 B | |
| PROFITABILITY | ||
| Gross Profit | $ 652.0 M | |
| EBITDA | $ 604.0 M | |
| EBIT | $ 532.0 M | |
| Operating Income | $ 542.0 M | |
| Interest Income | $ 5.0 M | |
| Interest Expense | $ 37.0 M | |
| Net Interest Income | $ -32.00 M | |
| Income Before Tax | $ 495.0 M | |
| Tax Provision | $ 110.0 M | |
| Tax Rate | 22.2 % | |
| Net Income | $ 385.0 M | |
| Net Income From Continuing Operations | $ 385.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.91 | |
| EPS Actual | $ 0.95 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 4.396 % | |
| Forward EPS | $ 1.11 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 11.2 B | |
| Intangible Assets | $ 4.5 B | |
| Net Tangible Assets | $ 623.0 M | |
| Total Current Assets | $ 3.8 B | |
| Cash and Short-Term Investments | $ 659.0 M | |
| Cash | $ 659.0 M | |
| Net Receivables | $ 884.0 M | |
| Inventory | $ 2.0 B | |
| Long-Term Investments | $ 88.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 957.0 M | |
| Short-Term Debt | $ 1.0 M | |
| Total Current Liabilities | $ 1.6 B | |
| Net Debt | $ 2.5 B | |
| Total Debt | $ 3.4 B | |
| Total Liabilities | $ 6.0 B | |
| EQUITY | ||
| Total Equity | $ 5.1 B | |
| Retained Earnings | $ 3.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 12.63 | |
| Shares Outstanding | 403.000 M | |
| Revenue Per-Share | $ 5.18 | |
| VALUATION | Market Capitalization | $ 75.4 B |
| Enterprise Value | $ 78.1 B | |
| Enterprise Multiple | 129.29 | |
| Enterprise Multiple QoQ | 2.251 % | |
| Enterprise Multiple YoY | 53.879 % | |
| Enterprise Multiple IPRWA | high: 142.731 HWM: 129.29 median: 60.834 mean: 46.479 low: -131.759 |
|
| EV/R | 37.382 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.197 | |
| Asset To Liability | 1.852 | |
| Debt To Capital | 0.397 | |
| Debt To Assets | 0.3 | |
| Debt To Assets QoQ | 1.678 % | |
| Debt To Assets YoY | -6.707 % | |
| Debt To Assets IPRWA | high: 0.899 HWM: 0.3 mean: 0.293 median: 0.286 low: 0.0 |
|
| Debt To Equity | 0.659 | |
| Debt To Equity QoQ | 0.843 % | |
| Debt To Equity YoY | 299359.091 % | |
| Debt To Equity IPRWA | high: 2.207 mean: 0.812 HWM: 0.659 median: 0.6 low: -1.213 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 14.819 | |
| Price To Book QoQ | 5.395 % | |
| Price To Book YoY | 66.334 % | |
| Price To Book IPRWA | high: 17.705 HWM: 14.819 mean: 5.613 median: 3.575 low: -7.624 |
|
| Price To Earnings (P/E) | 196.939 | |
| Price To Earnings QoQ | 4.546 % | |
| Price To Earnings YoY | 43.611 % | |
| Price To Earnings IPRWA | high: 243.643 HWM: 196.939 mean: 80.208 median: 75.941 low: -135.508 |
|
| PE/G Ratio | 44.8 | |
| Price To Sales (P/S) | 36.093 | |
| Price To Sales QoQ | 5.676 % | |
| Price To Sales YoY | 67.133 % | |
| Price To Sales IPRWA | high: 70.781 HWM: 36.093 mean: 12.308 median: 9.371 low: 1.449 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 161.492 | |
| Forward PE/G | 36.736 | |
| Forward P/S | 123.875 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.812 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.188 | |
| Asset Turnover Ratio QoQ | -0.101 % | |
| Asset Turnover Ratio YoY | 8.79 % | |
| Asset Turnover Ratio IPRWA | high: 0.384 HWM: 0.188 mean: 0.167 median: 0.138 low: 0.0 |
|
| Receivables Turnover | 2.358 | |
| Receivables Turnover Ratio QoQ | 1.983 % | |
| Receivables Turnover Ratio YoY | -3.247 % | |
| Receivables Turnover Ratio IPRWA | high: 7.156 mean: 3.325 HWM: 2.358 median: 2.304 low: 0.616 |
|
| Inventory Turnover | 0.73 | |
| Inventory Turnover Ratio QoQ | -1.647 % | |
| Inventory Turnover Ratio YoY | 9.182 % | |
| Inventory Turnover Ratio IPRWA | high: 5.174 mean: 1.635 median: 1.095 HWM: 0.73 low: 0.036 |
|
| Days Sales Outstanding (DSO) | 38.702 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 100.871 | |
| Cash Conversion Cycle Days QoQ | -0.597 % | |
| Cash Conversion Cycle Days YoY | -2.497 % | |
| Cash Conversion Cycle Days IPRWA | high: 356.665 mean: 114.245 HWM: 100.871 median: 75.673 low: -64.961 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.95 | |
| CapEx To Revenue | -0.052 | |
| CapEx To Depreciation | -1.5 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 8.3 B | |
| Net Invested Capital | $ 8.3 B | |
| Invested Capital | $ 8.3 B | |
| Net Tangible Assets | $ 623.0 M | |
| Net Working Capital | $ 2.2 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.406 | |
| Current Ratio | 2.353 | |
| Current Ratio QoQ | 1.927 % | |
| Current Ratio YoY | 5.274 % | |
| Current Ratio IPRWA | high: 9.786 HWM: 2.353 mean: 1.611 median: 1.182 low: 0.407 |
|
| Quick Ratio | 1.138 | |
| Quick Ratio QoQ | 5.235 % | |
| Quick Ratio YoY | 15.925 % | |
| Quick Ratio IPRWA | high: 5.116 HWM: 1.138 mean: 1.102 median: 0.966 low: 0.303 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.55 | |
| Cost Of Debt | 0.871 % | |
| Interest Coverage Ratio | 14.378 | |
| Interest Coverage Ratio QoQ | 7.767 % | |
| Interest Coverage Ratio YoY | 58.957 % | |
| Interest Coverage Ratio IPRWA | high: 31.057 HWM: 14.378 median: 5.014 mean: 3.253 low: -123.353 |
|
| Operating Cash Flow Ratio | 0.233 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 63.156 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 8.021 | |
| Dividend Payout Ratio | 0.125 | |
| Dividend Rate | $ 0.12 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.186 % | |
| Revenue Growth | 1.754 % | |
| Revenue Growth QoQ | -69.314 % | |
| Revenue Growth YoY | -173.266 % | |
| Revenue Growth IPRWA | high: 60.971 % mean: 3.028 % median: 2.29 % HWM: 1.754 % low: -46.934 % |
|
| Earnings Growth | 4.396 % | |
| Earnings Growth QoQ | -24.389 % | |
| Earnings Growth YoY | -26.365 % | |
| Earnings Growth IPRWA | high: 140.0 % HWM: 4.396 % median: 2.545 % mean: 0.312 % low: -116.667 % |
|
| MARGINS | ||
| Gross Margin | 31.211 % | |
| Gross Margin QoQ | 3.516 % | |
| Gross Margin YoY | -1.595 % | |
| Gross Margin IPRWA | high: 100.0 % HWM: 31.211 % mean: 21.655 % median: 20.375 % low: -39.082 % |
|
| EBIT Margin | 25.467 % | |
| EBIT Margin QoQ | 3.122 % | |
| EBIT Margin YoY | 17.419 % | |
| EBIT Margin IPRWA | high: 58.23 % HWM: 25.467 % median: 12.705 % mean: 10.11 % low: -155.296 % |
|
| Return On Sales (ROS) | 25.945 % | |
| Return On Sales QoQ | 3.627 % | |
| Return On Sales YoY | 19.623 % | |
| Return On Sales IPRWA | high: 57.493 % HWM: 25.945 % median: 11.15 % mean: 8.196 % low: -166.148 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 423.0 M | |
| Free Cash Flow Yield | 0.561 % | |
| Free Cash Flow Yield QoQ | 14.257 % | |
| Free Cash Flow Yield YoY | 37.164 % | |
| Free Cash Flow Yield IPRWA | high: 3.722 % median: 1.51 % mean: 1.251 % HWM: 0.561 % low: -6.506 % |
|
| Free Cash Growth | 22.965 % | |
| Free Cash Growth QoQ | -85.346 % | |
| Free Cash Growth YoY | -143.633 % | |
| Free Cash Growth IPRWA | high: 251.349 % median: 25.597 % HWM: 22.965 % mean: -3.378 % low: -307.394 % |
|
| Free Cash To Net Income | 1.099 | |
| Cash Flow Margin | 18.143 % | |
| Cash Flow To Earnings | 0.984 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.465 % | |
| Return On Assets QoQ | -7.129 % | |
| Return On Assets YoY | 10.809 % | |
| Return On Assets IPRWA | high: 11.701 % HWM: 3.465 % median: 1.358 % mean: 0.863 % low: -17.358 % |
|
| Return On Capital Employed (ROCE) | 5.57 % | |
| Return On Equity (ROE) | 0.076 | |
| Return On Equity QoQ | -7.279 % | |
| Return On Equity YoY | 1.38 % | |
| Return On Equity IPRWA | high: 0.262 HWM: 0.076 mean: 0.06 median: 0.042 low: -0.285 |
|
| DuPont ROE | 7.643 % | |
| Return On Invested Capital (ROIC) | 5.001 % | |
| Return On Invested Capital QoQ | -6.278 % | |
| Return On Invested Capital YoY | -106.35 % | |
| Return On Invested Capital IPRWA | high: 9.81 % HWM: 5.001 % median: 2.527 % mean: 1.428 % low: -16.009 % |
|