Filing Flows › Howmet Aerospace (HWM) › Q3 2026 › vs Q3 2025
Howmet Aerospace (HWM) Q3 2026 vs Q3 2025 (year over year)
Howmet Aerospace's revenue rose $614M (+29%) from $2.1B in Q3 2025 to $2.7B in Q3 2026. The biggest changes: Aerospace - Commercial +$350M (+32%); Gas Turbines +$108M (+45%); Commercial Transportation +$83.0M (+28%). Operating margin 28.7% against 25.9% (+2.8 pts).
Howmet Aerospace, Q3 2026: revenue $2.7B (+29% year over year), operating margin 28.7%, net earnings $567M, operating cash flow $709M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 28.7% | 25.9% | +2.8 pts |
| Net margin | 21.0% | 18.4% | +2.5 pts |
| Free cash flow margin | 20.8% | 20.2% | +0.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Aerospace - Commercial | $1.5B | $1.1B | $350M | +32% |
| Aerospace - Defense | $391M | $357M | $34.0M | +10% |
| Commercial Transportation | $384M | $301M | $83.0M | +28% |
| Gas Turbines | $349M | $241M | $108M | +45% |
| Other | $120M | $81.0M | $39.0M | +48% |
| Revenue | $2.7B | $2.1B | $614M | +29% |
| Operating profit | $777M | $542M | $235M | +43% |
| Costs & expenses | $1.9B | $1.5B | $379M | +24% |
| Pre-tax earnings | $721M | $495M | $226M | +46% |
| Other expense, net | $56.0M | $47.0M | $9.0M | +19% |
| Cost of revenue | $1.7B | $1.4B | $335M | +25% |
| Research & development | $11.0M | $10.0M | $1.0M | +10% |
| SG&A | $120M | $100M | $20.0M | +20% |
| Other operating costs | $95.0M | $72.0M | $23.0M | +32% |
| Net earnings | $567M | $385M | $182M | +47% |
| Income tax | $154M | $110M | $44.0M | +40% |
| Depreciation & amortization | $93.0M | $72.0M | $21.0M | +29% |
| Working capital & other | $49.0M | $74.0M | −$25.0M | -34% |
| Operating cash flow | $709M | $531M | $178M | +34% |
| Free cash flow (OCF − capex) | $562M | $423M | $139M | +33% |
| Capital expenditures | $147M | $108M | $39.0M | +36% |
Questions
How much did Howmet Aerospace's revenue grow year over year in Q3 2026?
Howmet Aerospace's revenue rose $614M (+29%) from $2.1B in Q3 2025 to $2.7B in Q3 2026.
What drove Howmet Aerospace's revenue change in Q3 2026?
Aerospace - Commercial +$350M (+32%); Gas Turbines +$108M (+45%); Commercial Transportation +$83.0M (+28%).