How do Howmet Aerospace and TransDigm Group compare by revenue?

Howmet Aerospace reported revenue of $2.2B in Q4 2025, while TransDigm Group reported $2.3B in Q1 2026. TransDigm Group is 1.1× larger by last-quarter revenue.

Which is growing revenue faster, Howmet Aerospace or TransDigm Group?

Howmet Aerospace's latest revenue grew 14.6% year-over-year, versus 13.9% for TransDigm Group. Howmet Aerospace is growing faster on a YoY basis.

Which has a higher net margin, Howmet Aerospace or TransDigm Group?

Howmet Aerospace's net margin is 17.2% vs TransDigm Group's 19.5%. TransDigm Group has the higher bottom-line margin.

Which generates more free cash flow, Howmet Aerospace or TransDigm Group?

Howmet Aerospace generated $530.0M of free cash flow last quarter, versus $772.0M for TransDigm Group. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Howmet Aerospace vs TransDigm Group?

Over the trailing 8 quarters, Howmet Aerospace compounded revenue at roughly 9.0% per year, versus 9.1% for TransDigm Group. TransDigm Group has the faster medium-term growth trajectory.

Where does this HWM vs TDG data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Howmet Aerospace (HWM) and TransDigm Group (TDG), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

TransDigm Group is the larger business by last-quarter revenue ($2.3B vs $2.2B, roughly 1.1× Howmet Aerospace). TransDigm Group runs the higher net margin — 17.2% vs 19.5%, a 2.3% gap on every dollar of revenue. On growth, Howmet Aerospace posted the faster year-over-year revenue change (14.6% vs 13.9%). TransDigm Group produced more free cash flow last quarter ($772.0M vs $530.0M). Over the past eight quarters, TransDigm Group's revenue compounded faster (9.1% CAGR vs 9.0%).

Howmet AerospaceHWMEarnings & Financial Report

NYSE · Industrials · Aerospace & Defense

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.

TransDigm GroupTDGEarnings & Financial Report

NYSE · Industrials · Aerospace & Defense

TransDigm Group Incorporated is an American publicly traded aerospace manufacturing company headquartered in Cleveland, Ohio. TransDigm develops and manufactures engineered aerospace components. It was founded in 1993, when four industrial aerospace companies were combined by a private equity firm in a leveraged buyout. TransDigm expanded the range of aerospace components it manufactures through acquisitions over the years.

HWM vs TDG — Head-to-Head

Bigger by revenue

TDG

1.1× larger

$2.3B

$2.2B

Growing faster (revenue YoY)

HWM

+0.7% gap

14.6%

13.9%

Higher net margin

TDG

2.3% more per $

19.5%

17.2%

More free cash flow

TDG

$242.0M more FCF

$772.0M

$530.0M

Faster 2-yr revenue CAGR

TDG

Annualised

9.1%

9.0%

Income Statement — Q4 2025 vs Q1 2026

Metric	HWM	TDG
Revenue	$2.2B	$2.3B
Net Profit	$372.0M	$445.0M
Gross Margin	—	59.2%
Operating Margin	22.6%	45.6%
Net Margin	17.2%	19.5%
Revenue YoY	14.6%	13.9%
Net Profit YoY	18.5%	-9.7%
EPS (diluted)	$0.92	$6.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

HWM

TDG

Q4 25	$2.2B	$2.3B
Q3 25	$2.1B	$2.4B
Q2 25	$2.1B	$2.2B
Q1 25	$1.9B	$2.1B
Q4 24	$1.9B	$2.0B
Q3 24	$1.8B	$2.2B
Q2 24	$1.9B	$2.0B
Q1 24	$1.8B	$1.9B

Net Profit

HWM

TDG

Q4 25	$372.0M	$445.0M
Q3 25	$385.0M	$610.0M
Q2 25	$407.0M	$492.0M
Q1 25	$344.0M	$479.0M
Q4 24	$314.0M	$493.0M
Q3 24	$332.0M	$468.0M
Q2 24	$266.0M	$461.0M
Q1 24	$243.0M	$403.0M

Gross Margin

HWM

TDG

Q4 25	—	59.2%
Q3 25	—	60.3%
Q2 25	—	59.5%
Q1 25	—	59.3%
Q4 24	—	61.6%
Q3 24	—	57.5%
Q2 24	—	59.6%
Q1 24	—	60.0%

Operating Margin

HWM

TDG

Q4 25	22.6%	45.6%
Q3 25	25.9%	47.6%
Q2 25	25.4%	46.4%
Q1 25	25.4%	46.1%
Q4 24	23.5%	48.6%
Q3 24	22.9%	43.1%
Q2 24	21.2%	45.7%
Q1 24	20.2%	45.2%

Net Margin

HWM

TDG

Q4 25	17.2%	19.5%
Q3 25	18.4%	25.0%
Q2 25	19.8%	22.0%
Q1 25	17.7%	22.3%
Q4 24	16.6%	24.6%
Q3 24	18.1%	21.4%
Q2 24	14.1%	22.5%
Q1 24	13.3%	21.0%

EPS (diluted)

HWM

TDG

Q4 25	$0.92	$6.62
Q3 25	$0.95	$7.75
Q2 25	$1.00	$8.47
Q1 25	$0.84	$8.24
Q4 24	$0.76	$7.62
Q3 24	$0.81	$5.82
Q2 24	$0.65	$7.96
Q1 24	$0.59	$6.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	HWM	TDG
Cash + ST InvestmentsLiquidity on hand	$742.0M	$2.5B
Total DebtLower is stronger	$3.0B	$29.2B
Stockholders' EquityBook value	$5.4B	$-9.3B
Total Assets	$11.2B	$23.8B
Debt / EquityLower = less leverage	0.57×	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

HWM

TDG

Q4 25	$742.0M	$2.5B
Q3 25	$659.0M	$2.8B
Q2 25	$545.0M	$2.8B
Q1 25	$536.0M	$2.4B
Q4 24	$564.0M	$2.5B
Q3 24	$475.0M	$6.3B
Q2 24	$752.0M	$3.4B
Q1 24	$533.0M	$4.3B

Total Debt

HWM

TDG

Q4 25	$3.0B	$29.2B
Q3 25	$3.2B	$29.2B
Q2 25	$3.3B	$24.3B
Q1 25	$3.3B	$24.3B
Q4 24	$3.3B	$24.3B
Q3 24	$3.4B	$24.3B
Q2 24	$3.7B	$21.4B
Q1 24	$3.7B	$21.3B

Stockholders' Equity

HWM

TDG

Q4 25	$5.4B	$-9.3B
Q3 25	$5.1B	$-9.7B
Q2 25	$5.0B	$-5.0B
Q1 25	$4.8B	$-5.7B
Q4 24	$4.6B	$-6.3B
Q3 24	$4.5B	$-6.3B
Q2 24	$4.3B	$-2.5B
Q1 24	$4.1B	$-3.0B

Total Assets

HWM

TDG

Q4 25	$11.2B	$23.8B
Q3 25	$11.2B	$22.9B
Q2 25	$11.0B	$22.7B
Q1 25	$10.8B	$21.9B
Q4 24	$10.5B	$21.5B
Q3 24	$10.6B	$25.6B
Q2 24	$10.7B	$21.8B
Q1 24	$10.4B	$21.6B

Debt / Equity

HWM

TDG

Q4 25	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. Net income can be massaged; cash flow is harder to fake.

Metric	HWM	TDG
Operating Cash FlowLast quarter	$654.0M	$832.0M
Free Cash FlowOCF − Capex	$530.0M	$772.0M
FCF MarginFCF / Revenue	24.4%	33.8%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	5.7%	2.6%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	1.76×	1.87×
TTM Free Cash FlowTrailing 4 quarters	$1.4B	$1.9B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

HWM

TDG

Q4 25	$654.0M	$832.0M
Q3 25	$531.0M	$507.0M
Q2 25	$446.0M	$631.0M
Q1 25	$253.0M	$148.0M
Q4 24	$480.0M	$752.0M
Q3 24	$244.0M	$572.0M
Q2 24	$397.0M	$608.0M
Q1 24	$177.0M	$229.0M

Free Cash Flow

HWM

TDG

Q4 25	$530.0M	$772.0M
Q3 25	$423.0M	$441.0M
Q2 25	$344.0M	$573.0M
Q1 25	$134.0M	$92.0M
Q4 24	$378.0M	$710.0M
Q3 24	$162.0M	$531.0M
Q2 24	$342.0M	$568.0M
Q1 24	$95.0M	$181.0M

FCF Margin

HWM

TDG

Q4 25	24.4%	33.8%
Q3 25	20.2%	18.1%
Q2 25	16.8%	25.6%
Q1 25	6.9%	4.3%
Q4 24	20.0%	35.4%
Q3 24	8.8%	24.3%
Q2 24	18.2%	27.8%
Q1 24	5.2%	9.4%

Capex Intensity

HWM

TDG

Q4 25	5.7%	2.6%
Q3 25	5.2%	2.7%
Q2 25	5.0%	2.6%
Q1 25	6.1%	2.6%
Q4 24	5.4%	2.1%
Q3 24	4.5%	1.9%
Q2 24	2.9%	2.0%
Q1 24	4.5%	2.5%

Cash Conversion

HWM

TDG

Q4 25	1.76×	1.87×
Q3 25	1.38×	0.83×
Q2 25	1.10×	1.28×
Q1 25	0.74×	0.31×
Q4 24	1.53×	1.53×
Q3 24	0.73×	1.22×
Q2 24	1.49×	1.32×
Q1 24	0.73×	0.57×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.