vs

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

Howmet Aerospace is the larger business by last-quarter revenue ($2.3B vs $2.3B, roughly 1.0× Prologis). Prologis runs the higher net margin — 62.1% vs 25.1%, a 37.1% gap on every dollar of revenue. On growth, Howmet Aerospace posted the faster year-over-year revenue change (19.0% vs 2.4%). Over the past eight quarters, Howmet Aerospace's revenue compounded faster (10.9% CAGR vs 7.3%).

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.

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of 2025, the company operates more than 15,000 land acres and over 6,000 buildings comprising about 1.

HWM vs PLD — Head-to-Head

Bigger by revenue
HWM
HWM
1.0× larger
HWM
$2.3B
$2.3B
PLD
Growing faster (revenue YoY)
HWM
HWM
+16.6% gap
HWM
19.0%
2.4%
PLD
Higher net margin
PLD
PLD
37.1% more per $
PLD
62.1%
25.1%
HWM
Faster 2-yr revenue CAGR
HWM
HWM
Annualised
HWM
10.9%
7.3%
PLD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HWM
HWM
PLD
PLD
Revenue
$2.3B
$2.3B
Net Profit
$580.0M
$1.4B
Gross Margin
Operating Margin
32.6%
72.2%
Net Margin
25.1%
62.1%
Revenue YoY
19.0%
2.4%
Net Profit YoY
9.5%
EPS (diluted)
$1.50

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
PLD
PLD
Q1 26
$2.3B
Q4 25
$2.2B
$2.3B
Q3 25
$2.1B
$2.2B
Q2 25
$2.1B
$2.2B
Q1 25
$1.9B
$2.1B
Q4 24
$1.9B
$2.2B
Q3 24
$1.8B
$2.0B
Q2 24
$1.9B
$2.0B
Net Profit
HWM
HWM
PLD
PLD
Q1 26
$580.0M
Q4 25
$372.0M
$1.4B
Q3 25
$385.0M
$764.3M
Q2 25
$407.0M
$571.2M
Q1 25
$344.0M
$593.0M
Q4 24
$314.0M
$1.3B
Q3 24
$332.0M
$1.0B
Q2 24
$266.0M
$861.3M
Operating Margin
HWM
HWM
PLD
PLD
Q1 26
32.6%
Q4 25
22.6%
72.2%
Q3 25
25.9%
42.5%
Q2 25
25.4%
41.8%
Q1 25
25.4%
41.1%
Q4 24
23.5%
64.6%
Q3 24
22.9%
61.4%
Q2 24
21.2%
51.0%
Net Margin
HWM
HWM
PLD
PLD
Q1 26
25.1%
Q4 25
17.2%
62.1%
Q3 25
18.4%
34.5%
Q2 25
19.8%
26.2%
Q1 25
17.7%
27.7%
Q4 24
16.6%
58.1%
Q3 24
18.1%
49.4%
Q2 24
14.1%
42.9%
EPS (diluted)
HWM
HWM
PLD
PLD
Q1 26
Q4 25
$0.92
$1.50
Q3 25
$0.95
$0.82
Q2 25
$1.00
$0.61
Q1 25
$0.84
$0.63
Q4 24
$0.76
$1.38
Q3 24
$0.81
$1.08
Q2 24
$0.65
$0.92

Balance Sheet & Financial Strength

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

Metric
HWM
HWM
PLD
PLD
Cash + ST InvestmentsLiquidity on hand
$2.4M
$1.1B
Total DebtLower is stronger
$450.0K
$35.0B
Stockholders' EquityBook value
$5.5M
$53.2B
Total Assets
$13.1M
$98.7B
Debt / EquityLower = less leverage
0.08×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWM
HWM
PLD
PLD
Q1 26
$2.4M
Q4 25
$742.0M
$1.1B
Q3 25
$659.0M
$1.2B
Q2 25
$545.0M
$1.1B
Q1 25
$536.0M
$671.1M
Q4 24
$564.0M
$1.3B
Q3 24
$475.0M
$780.9M
Q2 24
$752.0M
$598.3M
Total Debt
HWM
HWM
PLD
PLD
Q1 26
$450.0K
Q4 25
$3.0B
$35.0B
Q3 25
$3.2B
$35.3B
Q2 25
$3.3B
$34.7B
Q1 25
$3.3B
$32.3B
Q4 24
$3.3B
$30.9B
Q3 24
$3.4B
$32.3B
Q2 24
$3.7B
$29.9B
Stockholders' Equity
HWM
HWM
PLD
PLD
Q1 26
$5.5M
Q4 25
$5.4B
$53.2B
Q3 25
$5.1B
$52.6B
Q2 25
$5.0B
$52.7B
Q1 25
$4.8B
$53.5B
Q4 24
$4.6B
$54.0B
Q3 24
$4.5B
$53.1B
Q2 24
$4.3B
$53.3B
Total Assets
HWM
HWM
PLD
PLD
Q1 26
$13.1M
Q4 25
$11.2B
$98.7B
Q3 25
$11.2B
$98.3B
Q2 25
$11.0B
$97.7B
Q1 25
$10.8B
$96.0B
Q4 24
$10.5B
$95.3B
Q3 24
$10.6B
$95.9B
Q2 24
$10.7B
$93.5B
Debt / Equity
HWM
HWM
PLD
PLD
Q1 26
0.08×
Q4 25
0.57×
0.66×
Q3 25
0.62×
0.67×
Q2 25
0.65×
0.66×
Q1 25
0.69×
0.60×
Q4 24
0.73×
0.57×
Q3 24
0.75×
0.61×
Q2 24
0.86×
0.56×

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
PLD
PLD
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$359.0M
FCF MarginFCF / Revenue
15.5%
Capex IntensityCapex / Revenue
9.3%
Cash ConversionOCF / Net Profit
0.83×
TTM Free Cash FlowTrailing 4 quarters
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWM
HWM
PLD
PLD
Q1 26
Q4 25
$654.0M
$1.2B
Q3 25
$531.0M
$1.4B
Q2 25
$446.0M
$1.2B
Q1 25
$253.0M
$1.2B
Q4 24
$480.0M
$1.3B
Q3 24
$244.0M
$1.4B
Q2 24
$397.0M
$1.1B
Free Cash Flow
HWM
HWM
PLD
PLD
Q1 26
$359.0M
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
FCF Margin
HWM
HWM
PLD
PLD
Q1 26
15.5%
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%
Capex Intensity
HWM
HWM
PLD
PLD
Q1 26
9.3%
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%
Cash Conversion
HWM
HWM
PLD
PLD
Q1 26
Q4 25
1.76×
0.83×
Q3 25
1.38×
1.89×
Q2 25
1.10×
2.17×
Q1 25
0.74×
1.96×
Q4 24
1.53×
1.04×
Q3 24
0.73×
1.43×
Q2 24
1.49×
1.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HWM
HWM

Segment breakdown not available.

PLD
PLD

Real Estate Operations Segment$2.0B88%
Unconsolidated Co Investment Ventures$131.7M6%
Other$82.6M4%
Strategic Capital Segment$49.9M2%

Related Comparisons