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Side-by-side financial comparison of Brightstar Lottery PLC (BRSL) and Howmet Aerospace (HWM). Click either name above to swap in a different company.

Brightstar Lottery PLC is the larger business by last-quarter revenue ($2.5B vs $2.2B, roughly 1.2× Howmet Aerospace). Howmet Aerospace runs the higher net margin — 17.2% vs 5.9%, a 11.3% gap on every dollar of revenue. Howmet Aerospace produced more free cash flow last quarter ($530.0M vs $-415.0M).

Howmet Aerospace Inc. is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.

BRSL vs HWM — Head-to-Head

Bigger by revenue
BRSL
BRSL
1.2× larger
BRSL
$2.5B
$2.2B
HWM
Higher net margin
HWM
HWM
11.3% more per $
HWM
17.2%
5.9%
BRSL
More free cash flow
HWM
HWM
$945.0M more FCF
HWM
$530.0M
$-415.0M
BRSL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRSL
BRSL
HWM
HWM
Revenue
$2.5B
$2.2B
Net Profit
$147.0M
$372.0M
Gross Margin
Operating Margin
11.9%
22.6%
Net Margin
5.9%
17.2%
Revenue YoY
14.6%
Net Profit YoY
18.5%
EPS (diluted)
$0.74
$0.92

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRSL
BRSL
HWM
HWM
Q4 25
$2.5B
$2.2B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.8B
Net Profit
BRSL
BRSL
HWM
HWM
Q4 25
$147.0M
$372.0M
Q3 25
$385.0M
Q2 25
$407.0M
Q1 25
$344.0M
Q4 24
$314.0M
Q3 24
$332.0M
Q2 24
$266.0M
Q1 24
$243.0M
Operating Margin
BRSL
BRSL
HWM
HWM
Q4 25
11.9%
22.6%
Q3 25
25.9%
Q2 25
25.4%
Q1 25
25.4%
Q4 24
23.5%
Q3 24
22.9%
Q2 24
21.2%
Q1 24
20.2%
Net Margin
BRSL
BRSL
HWM
HWM
Q4 25
5.9%
17.2%
Q3 25
18.4%
Q2 25
19.8%
Q1 25
17.7%
Q4 24
16.6%
Q3 24
18.1%
Q2 24
14.1%
Q1 24
13.3%
EPS (diluted)
BRSL
BRSL
HWM
HWM
Q4 25
$0.74
$0.92
Q3 25
$0.95
Q2 25
$1.00
Q1 25
$0.84
Q4 24
$0.76
Q3 24
$0.81
Q2 24
$0.65
Q1 24
$0.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRSL
BRSL
HWM
HWM
Cash + ST InvestmentsLiquidity on hand
$1.4B
$742.0M
Total DebtLower is stronger
$4.1B
$3.0B
Stockholders' EquityBook value
$875.0M
$5.4B
Total Assets
$9.2B
$11.2B
Debt / EquityLower = less leverage
4.64×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSL
BRSL
HWM
HWM
Q4 25
$1.4B
$742.0M
Q3 25
$659.0M
Q2 25
$545.0M
Q1 25
$536.0M
Q4 24
$564.0M
Q3 24
$475.0M
Q2 24
$752.0M
Q1 24
$533.0M
Total Debt
BRSL
BRSL
HWM
HWM
Q4 25
$4.1B
$3.0B
Q3 25
$3.2B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.7B
Q1 24
$3.7B
Stockholders' Equity
BRSL
BRSL
HWM
HWM
Q4 25
$875.0M
$5.4B
Q3 25
$5.1B
Q2 25
$5.0B
Q1 25
$4.8B
Q4 24
$4.6B
Q3 24
$4.5B
Q2 24
$4.3B
Q1 24
$4.1B
Total Assets
BRSL
BRSL
HWM
HWM
Q4 25
$9.2B
$11.2B
Q3 25
$11.2B
Q2 25
$11.0B
Q1 25
$10.8B
Q4 24
$10.5B
Q3 24
$10.6B
Q2 24
$10.7B
Q1 24
$10.4B
Debt / Equity
BRSL
BRSL
HWM
HWM
Q4 25
4.64×
0.57×
Q3 25
0.62×
Q2 25
0.65×
Q1 25
0.69×
Q4 24
0.73×
Q3 24
0.75×
Q2 24
0.86×
Q1 24
0.90×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRSL
BRSL
HWM
HWM
Operating Cash FlowLast quarter
$-99.0M
$654.0M
Free Cash FlowOCF − Capex
$-415.0M
$530.0M
FCF MarginFCF / Revenue
-16.5%
24.4%
Capex IntensityCapex / Revenue
12.6%
5.7%
Cash ConversionOCF / Net Profit
-0.67×
1.76×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSL
BRSL
HWM
HWM
Q4 25
$-99.0M
$654.0M
Q3 25
$531.0M
Q2 25
$446.0M
Q1 25
$253.0M
Q4 24
$480.0M
Q3 24
$244.0M
Q2 24
$397.0M
Q1 24
$177.0M
Free Cash Flow
BRSL
BRSL
HWM
HWM
Q4 25
$-415.0M
$530.0M
Q3 25
$423.0M
Q2 25
$344.0M
Q1 25
$134.0M
Q4 24
$378.0M
Q3 24
$162.0M
Q2 24
$342.0M
Q1 24
$95.0M
FCF Margin
BRSL
BRSL
HWM
HWM
Q4 25
-16.5%
24.4%
Q3 25
20.2%
Q2 25
16.8%
Q1 25
6.9%
Q4 24
20.0%
Q3 24
8.8%
Q2 24
18.2%
Q1 24
5.2%
Capex Intensity
BRSL
BRSL
HWM
HWM
Q4 25
12.6%
5.7%
Q3 25
5.2%
Q2 25
5.0%
Q1 25
6.1%
Q4 24
5.4%
Q3 24
4.5%
Q2 24
2.9%
Q1 24
4.5%
Cash Conversion
BRSL
BRSL
HWM
HWM
Q4 25
-0.67×
1.76×
Q3 25
1.38×
Q2 25
1.10×
Q1 25
0.74×
Q4 24
1.53×
Q3 24
0.73×
Q2 24
1.49×
Q1 24
0.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRSL
BRSL

Segment breakdown not available.

HWM
HWM

Engine Products Segment$1.2B54%
Fastening Systems$454.0M21%
Forged Wheels$264.0M12%
Aerospace Defense$236.0M11%
Commercial Transportation$46.0M2%

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