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Side-by-side financial comparison of Howmet Aerospace (HWM) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

Howmet Aerospace is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× PACS Group, Inc.). Howmet Aerospace runs the higher net margin — 17.2% vs 4.4%, a 12.8% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 14.6%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 9.0%).

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.

HWM vs PACS — Head-to-Head

Bigger by revenue
HWM
HWM
1.6× larger
HWM
$2.2B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+3.8% gap
PACS
18.4%
14.6%
HWM
Higher net margin
HWM
HWM
12.8% more per $
HWM
17.2%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
9.0%
HWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HWM
HWM
PACS
PACS
Revenue
$2.2B
$1.4B
Net Profit
$372.0M
$59.7M
Gross Margin
Operating Margin
22.6%
7.0%
Net Margin
17.2%
4.4%
Revenue YoY
14.6%
18.4%
Net Profit YoY
18.5%
3022.5%
EPS (diluted)
$0.92
$0.42

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
HWM
HWM
PACS
PACS
Q4 25
$2.2B
$1.4B
Q3 25
$2.1B
$1.3B
Q2 25
$2.1B
$1.3B
Q1 25
$1.9B
$1.3B
Q4 24
$1.9B
$1.1B
Q3 24
$1.8B
$1.0B
Q2 24
$1.9B
$981.4M
Q1 24
$1.8B
$934.3M
Net Profit
HWM
HWM
PACS
PACS
Q4 25
$372.0M
$59.7M
Q3 25
$385.0M
$52.4M
Q2 25
$407.0M
$51.0M
Q1 25
$344.0M
$28.5M
Q4 24
$314.0M
$1.9M
Q3 24
$332.0M
$15.6M
Q2 24
$266.0M
$-10.9M
Q1 24
$243.0M
$49.1M
Gross Margin
HWM
HWM
PACS
PACS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Q1 24
21.2%
Operating Margin
HWM
HWM
PACS
PACS
Q4 25
22.6%
7.0%
Q3 25
25.9%
6.4%
Q2 25
25.4%
6.2%
Q1 25
25.4%
3.8%
Q4 24
23.5%
1.7%
Q3 24
22.9%
2.2%
Q2 24
21.2%
0.1%
Q1 24
20.2%
8.6%
Net Margin
HWM
HWM
PACS
PACS
Q4 25
17.2%
4.4%
Q3 25
18.4%
3.9%
Q2 25
19.8%
3.9%
Q1 25
17.7%
2.2%
Q4 24
16.6%
0.2%
Q3 24
18.1%
1.5%
Q2 24
14.1%
-1.1%
Q1 24
13.3%
5.3%
EPS (diluted)
HWM
HWM
PACS
PACS
Q4 25
$0.92
$0.42
Q3 25
$0.95
$0.32
Q2 25
$1.00
$0.31
Q1 25
$0.84
$0.17
Q4 24
$0.76
$-0.03
Q3 24
$0.81
$0.10
Q2 24
$0.65
$-0.07
Q1 24
$0.59
$0.38

Balance Sheet & Financial Strength

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

Metric
HWM
HWM
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$742.0M
$197.0M
Total DebtLower is stronger
$3.0B
$353.2M
Stockholders' EquityBook value
$5.4B
$946.8M
Total Assets
$11.2B
$5.6B
Debt / EquityLower = less leverage
0.57×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWM
HWM
PACS
PACS
Q4 25
$742.0M
$197.0M
Q3 25
$659.0M
$355.7M
Q2 25
$545.0M
$294.2M
Q1 25
$536.0M
$287.5M
Q4 24
$564.0M
$157.7M
Q3 24
$475.0M
$49.5M
Q2 24
$752.0M
$73.4M
Q1 24
$533.0M
$81.2M
Total Debt
HWM
HWM
PACS
PACS
Q4 25
$3.0B
$353.2M
Q3 25
$3.2B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
$411.9M
Q3 24
$3.4B
Q2 24
$3.7B
Q1 24
$3.7B
Stockholders' Equity
HWM
HWM
PACS
PACS
Q4 25
$5.4B
$946.8M
Q3 25
$5.1B
$871.3M
Q2 25
$5.0B
$806.8M
Q1 25
$4.8B
$750.2M
Q4 24
$4.6B
$709.6M
Q3 24
$4.5B
$660.0M
Q2 24
$4.3B
$572.1M
Q1 24
$4.1B
$128.0M
Total Assets
HWM
HWM
PACS
PACS
Q4 25
$11.2B
$5.6B
Q3 25
$11.2B
$5.6B
Q2 25
$11.0B
$5.5B
Q1 25
$10.8B
$5.5B
Q4 24
$10.5B
$5.2B
Q3 24
$10.6B
$4.5B
Q2 24
$10.7B
$3.9B
Q1 24
$10.4B
$3.9B
Debt / Equity
HWM
HWM
PACS
PACS
Q4 25
0.57×
0.37×
Q3 25
0.62×
Q2 25
0.65×
Q1 25
0.69×
Q4 24
0.73×
0.58×
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
HWM
HWM
PACS
PACS
Operating Cash FlowLast quarter
$654.0M
$-3.4M
Free Cash FlowOCF − Capex
$530.0M
FCF MarginFCF / Revenue
24.4%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
1.76×
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWM
HWM
PACS
PACS
Q4 25
$654.0M
$-3.4M
Q3 25
$531.0M
$204.8M
Q2 25
$446.0M
$52.6M
Q1 25
$253.0M
$150.2M
Q4 24
$480.0M
$64.6M
Q3 24
$244.0M
$209.2M
Q2 24
$397.0M
$34.8M
Q1 24
$177.0M
$58.8M
Free Cash Flow
HWM
HWM
PACS
PACS
Q4 25
$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
HWM
HWM
PACS
PACS
Q4 25
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
HWM
HWM
PACS
PACS
Q4 25
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
HWM
HWM
PACS
PACS
Q4 25
1.76×
-0.06×
Q3 25
1.38×
3.91×
Q2 25
1.10×
1.03×
Q1 25
0.74×
5.28×
Q4 24
1.53×
33.78×
Q3 24
0.73×
13.39×
Q2 24
1.49×
Q1 24
0.73×
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWM
HWM

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

PACS
PACS

Segment breakdown not available.

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