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

Howmet Aerospace is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.0× Roper Technologies). Howmet Aerospace runs the higher net margin — 17.2% vs 15.8%, a 1.4% gap on every dollar of revenue. On growth, Howmet Aerospace posted the faster year-over-year revenue change (14.6% vs 11.3%). Howmet Aerospace produced more free cash flow last quarter ($530.0M vs $507.0M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% 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 ROP — Head-to-Head

Bigger by revenue
HWM
HWM
1.0× larger
HWM
$2.2B
$2.1B
ROP
Growing faster (revenue YoY)
HWM
HWM
+3.4% gap
HWM
14.6%
11.3%
ROP
Higher net margin
HWM
HWM
1.4% more per $
HWM
17.2%
15.8%
ROP
More free cash flow
HWM
HWM
$23.0M more FCF
HWM
$530.0M
$507.0M
ROP
Faster 2-yr revenue CAGR
ROP
ROP
Annualised
ROP
10.5%
9.0%
HWM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HWM
HWM
ROP
ROP
Revenue
$2.2B
$2.1B
Net Profit
$372.0M
$331.0M
Gross Margin
69.4%
Operating Margin
22.6%
27.2%
Net Margin
17.2%
15.8%
Revenue YoY
14.6%
11.3%
Net Profit YoY
18.5%
53.7%
EPS (diluted)
$0.92
$4.87

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
ROP
ROP
Q1 26
$2.1B
Q4 25
$2.2B
$2.1B
Q3 25
$2.1B
$2.0B
Q2 25
$2.1B
$1.9B
Q1 25
$1.9B
$1.9B
Q4 24
$1.9B
$1.9B
Q3 24
$1.8B
$1.8B
Q2 24
$1.9B
$1.7B
Net Profit
HWM
HWM
ROP
ROP
Q1 26
$331.0M
Q4 25
$372.0M
$428.4M
Q3 25
$385.0M
$398.5M
Q2 25
$407.0M
$378.3M
Q1 25
$344.0M
$331.1M
Q4 24
$314.0M
$462.3M
Q3 24
$332.0M
$367.9M
Q2 24
$266.0M
$337.1M
Gross Margin
HWM
HWM
ROP
ROP
Q1 26
69.4%
Q4 25
69.5%
Q3 25
69.5%
Q2 25
69.2%
Q1 25
68.7%
Q4 24
68.3%
Q3 24
69.2%
Q2 24
69.5%
Operating Margin
HWM
HWM
ROP
ROP
Q1 26
27.2%
Q4 25
22.6%
28.6%
Q3 25
25.9%
28.4%
Q2 25
25.4%
28.2%
Q1 25
25.4%
27.9%
Q4 24
23.5%
28.0%
Q3 24
22.9%
28.1%
Q2 24
21.2%
28.8%
Net Margin
HWM
HWM
ROP
ROP
Q1 26
15.8%
Q4 25
17.2%
20.8%
Q3 25
18.4%
19.8%
Q2 25
19.8%
19.5%
Q1 25
17.7%
17.6%
Q4 24
16.6%
24.6%
Q3 24
18.1%
20.8%
Q2 24
14.1%
19.6%
EPS (diluted)
HWM
HWM
ROP
ROP
Q1 26
$4.87
Q4 25
$0.92
$3.97
Q3 25
$0.95
$3.68
Q2 25
$1.00
$3.49
Q1 25
$0.84
$3.06
Q4 24
$0.76
$4.29
Q3 24
$0.81
$3.40
Q2 24
$0.65
$3.12

Balance Sheet & Financial Strength

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

Metric
HWM
HWM
ROP
ROP
Cash + ST InvestmentsLiquidity on hand
$742.0M
$382.9M
Total DebtLower is stronger
$3.0B
$9.7B
Stockholders' EquityBook value
$5.4B
$18.8B
Total Assets
$11.2B
$34.6B
Debt / EquityLower = less leverage
0.57×
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWM
HWM
ROP
ROP
Q1 26
$382.9M
Q4 25
$742.0M
$297.4M
Q3 25
$659.0M
$320.0M
Q2 25
$545.0M
$242.4M
Q1 25
$536.0M
$372.8M
Q4 24
$564.0M
$188.2M
Q3 24
$475.0M
$269.6M
Q2 24
$752.0M
$251.5M
Total Debt
HWM
HWM
ROP
ROP
Q1 26
$9.7B
Q4 25
$3.0B
$9.3B
Q3 25
$3.2B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
$7.6B
Q3 24
$3.4B
Q2 24
$3.7B
Stockholders' Equity
HWM
HWM
ROP
ROP
Q1 26
$18.8B
Q4 25
$5.4B
$19.9B
Q3 25
$5.1B
$20.0B
Q2 25
$5.0B
$19.6B
Q1 25
$4.8B
$19.2B
Q4 24
$4.6B
$18.9B
Q3 24
$4.5B
$18.5B
Q2 24
$4.3B
$18.1B
Total Assets
HWM
HWM
ROP
ROP
Q1 26
$34.6B
Q4 25
$11.2B
$34.6B
Q3 25
$11.2B
$34.6B
Q2 25
$11.0B
$33.2B
Q1 25
$10.8B
$31.4B
Q4 24
$10.5B
$31.3B
Q3 24
$10.6B
$31.6B
Q2 24
$10.7B
$29.8B
Debt / Equity
HWM
HWM
ROP
ROP
Q1 26
0.52×
Q4 25
0.57×
0.47×
Q3 25
0.62×
Q2 25
0.65×
Q1 25
0.69×
Q4 24
0.73×
0.40×
Q3 24
0.75×
Q2 24
0.86×

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
ROP
ROP
Operating Cash FlowLast quarter
$654.0M
Free Cash FlowOCF − Capex
$530.0M
$507.0M
FCF MarginFCF / Revenue
24.4%
24.2%
Capex IntensityCapex / Revenue
5.7%
0.5%
Cash ConversionOCF / Net Profit
1.76×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWM
HWM
ROP
ROP
Q1 26
Q4 25
$654.0M
$738.0M
Q3 25
$531.0M
$869.5M
Q2 25
$446.0M
$404.1M
Q1 25
$253.0M
$528.7M
Q4 24
$480.0M
$722.2M
Q3 24
$244.0M
$755.4M
Q2 24
$397.0M
$384.1M
Free Cash Flow
HWM
HWM
ROP
ROP
Q1 26
$507.0M
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
ROP
ROP
Q1 26
24.2%
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
ROP
ROP
Q1 26
0.5%
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
ROP
ROP
Q1 26
Q4 25
1.76×
1.72×
Q3 25
1.38×
2.18×
Q2 25
1.10×
1.07×
Q1 25
0.74×
1.60×
Q4 24
1.53×
1.56×
Q3 24
0.73×
2.05×
Q2 24
1.49×
1.14×

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%

ROP
ROP

Segment breakdown not available.

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