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Howmet Aerospace vs Kaiser Aluminum: HWM and KALU compared
Howmet Aerospace is the larger company: $2.7B of revenue in its latest quarter (Q3 2026) against $1.2B for Kaiser Aluminum (Q3 2026). Kaiser Aluminum is growing faster (+44% against +29% a year earlier). Howmet Aerospace is more profitable, with an operating margin of 28.7% against 4.5%.
Where the money goes: HWM and KALU
Howmet Aerospace (HWM) · Q3 2026
Howmet Aerospace, Q3 2026: revenue $2.7B (+29% year over year), operating margin 28.7%, net earnings $567M, operating cash flow $709M. The chart follows the revenue to costs, profit and cash.
Kaiser Aluminum (KALU) · Q3 2026
Kaiser Aluminum, Q3 2026: revenue $1.2B (+44% year over year), operating margin 4.5%, net earnings $31.0M, operating cash flow $101M. The chart follows the revenue to costs, profit and cash.
| Howmet Aerospace (HWM) | Kaiser Aluminum (KALU) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.7B | $1.2B |
| Revenue growth, Y/Y | +29% | +44% |
| Operating margin | 28.7% | 4.5% |
| Net earnings | $567M | $31.0M |
| Net margin | 21.0% | 2.6% |
| Operating cash flow | $709M | $101M |
| Free cash flow | $562M | $72.3M |
| Market value | $82.6B | $1.8B |
| P/E | 40.4× | 8.3× |
| Analysts’ mean target | $296.29 | $141.00 |
Where the revenue comes from
Howmet Aerospace
- Aerospace - Commercial: $1.5B (54%)
- Aerospace - Defense: $391M (14%)
- Commercial Transportation: $384M (14%)
- Gas Turbines: $349M (13%)
Kaiser Aluminum
- Packaging: $561M (46%)
- Aero Hs Products: $292M (24%)
- Ge Products: $278M (23%)
- Automotive Extrusions: $82.9M (7%)
Questions
Which is bigger, Howmet Aerospace or Kaiser Aluminum?
Howmet Aerospace is the larger company: $2.7B of revenue in its latest quarter (Q3 2026) against $1.2B for Kaiser Aluminum (Q3 2026).
Is Howmet Aerospace or Kaiser Aluminum growing faster?
Kaiser Aluminum is growing faster (+44% against +29% a year earlier).
Which is more profitable, Howmet Aerospace or Kaiser Aluminum?
Howmet Aerospace is more profitable, with an operating margin of 28.7% against 4.5%.
More: Howmet Aerospace earnings · how Howmet Aerospace makes money · Kaiser Aluminum earnings · how Kaiser Aluminum makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 22, 2026). Fiscal quarters can end on different dates. Not investment advice.