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

V F CORP is the larger business by last-quarter revenue ($2.9B vs $2.2B, roughly 1.3× Howmet Aerospace). Howmet Aerospace runs the higher net margin — 17.2% vs 10.5%, a 6.7% gap on every dollar of revenue. On growth, Howmet Aerospace posted the faster year-over-year revenue change (14.6% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $530.0M). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

HWM vs VFC — Head-to-Head

Bigger by revenue
VFC
VFC
1.3× larger
VFC
$2.9B
$2.2B
HWM
Growing faster (revenue YoY)
HWM
HWM
+13.2% gap
HWM
14.6%
1.5%
VFC
Higher net margin
HWM
HWM
6.7% more per $
HWM
17.2%
10.5%
VFC
More free cash flow
VFC
VFC
$447.9M more FCF
VFC
$977.9M
$530.0M
HWM
Faster 2-yr revenue CAGR
VFC
VFC
Annualised
VFC
10.1%
9.0%
HWM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HWM
HWM
VFC
VFC
Revenue
$2.2B
$2.9B
Net Profit
$372.0M
$300.8M
Gross Margin
56.6%
Operating Margin
22.6%
10.1%
Net Margin
17.2%
10.5%
Revenue YoY
14.6%
1.5%
Net Profit YoY
18.5%
79.3%
EPS (diluted)
$0.92
$0.76

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
VFC
VFC
Q4 25
$2.2B
$2.9B
Q3 25
$2.1B
$2.8B
Q2 25
$2.1B
$1.8B
Q1 25
$1.9B
$2.0B
Q4 24
$1.9B
$2.8B
Q3 24
$1.8B
$2.8B
Q2 24
$1.9B
$1.9B
Q1 24
$1.8B
$2.4B
Net Profit
HWM
HWM
VFC
VFC
Q4 25
$372.0M
$300.8M
Q3 25
$385.0M
$189.8M
Q2 25
$407.0M
$-116.4M
Q1 25
$344.0M
$-150.8M
Q4 24
$314.0M
$167.8M
Q3 24
$332.0M
$52.2M
Q2 24
$266.0M
$-258.9M
Q1 24
$243.0M
$-418.3M
Gross Margin
HWM
HWM
VFC
VFC
Q4 25
56.6%
Q3 25
52.2%
Q2 25
53.9%
Q1 25
52.7%
Q4 24
56.3%
Q3 24
52.2%
Q2 24
52.0%
Q1 24
48.4%
Operating Margin
HWM
HWM
VFC
VFC
Q4 25
22.6%
10.1%
Q3 25
25.9%
11.2%
Q2 25
25.4%
-4.9%
Q1 25
25.4%
2.2%
Q4 24
23.5%
8.0%
Q3 24
22.9%
9.9%
Q2 24
21.2%
-12.6%
Q1 24
20.2%
-15.0%
Net Margin
HWM
HWM
VFC
VFC
Q4 25
17.2%
10.5%
Q3 25
18.4%
6.8%
Q2 25
19.8%
-6.6%
Q1 25
17.7%
-7.5%
Q4 24
16.6%
5.9%
Q3 24
18.1%
1.9%
Q2 24
14.1%
-13.6%
Q1 24
13.3%
-17.6%
EPS (diluted)
HWM
HWM
VFC
VFC
Q4 25
$0.92
$0.76
Q3 25
$0.95
$0.48
Q2 25
$1.00
$-0.30
Q1 25
$0.84
$-0.37
Q4 24
$0.76
$0.43
Q3 24
$0.81
$0.13
Q2 24
$0.65
$-0.67
Q1 24
$0.59
$-1.07

Balance Sheet & Financial Strength

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

Metric
HWM
HWM
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$742.0M
$1.5B
Total DebtLower is stronger
$3.0B
$3.6B
Stockholders' EquityBook value
$5.4B
$1.8B
Total Assets
$11.2B
$10.4B
Debt / EquityLower = less leverage
0.57×
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HWM
HWM
VFC
VFC
Q4 25
$742.0M
$1.5B
Q3 25
$659.0M
$419.1M
Q2 25
$545.0M
$642.4M
Q1 25
$536.0M
$429.4M
Q4 24
$564.0M
$1.4B
Q3 24
$475.0M
$492.2M
Q2 24
$752.0M
$637.4M
Q1 24
$533.0M
$674.6M
Total Debt
HWM
HWM
VFC
VFC
Q4 25
$3.0B
$3.6B
Q3 25
$3.2B
$3.5B
Q2 25
$3.3B
$3.6B
Q1 25
$3.3B
$3.4B
Q4 24
$3.3B
$3.9B
Q3 24
$3.4B
$4.0B
Q2 24
$3.7B
$3.9B
Q1 24
$3.7B
$4.7B
Stockholders' Equity
HWM
HWM
VFC
VFC
Q4 25
$5.4B
$1.8B
Q3 25
$5.1B
$1.5B
Q2 25
$5.0B
$1.3B
Q1 25
$4.8B
$1.5B
Q4 24
$4.6B
$1.7B
Q3 24
$4.5B
$1.4B
Q2 24
$4.3B
$1.4B
Q1 24
$4.1B
$1.7B
Total Assets
HWM
HWM
VFC
VFC
Q4 25
$11.2B
$10.4B
Q3 25
$11.2B
$10.6B
Q2 25
$11.0B
$10.2B
Q1 25
$10.8B
$9.4B
Q4 24
$10.5B
$10.6B
Q3 24
$10.6B
$12.2B
Q2 24
$10.7B
$11.5B
Q1 24
$10.4B
$11.6B
Debt / Equity
HWM
HWM
VFC
VFC
Q4 25
0.57×
1.99×
Q3 25
0.62×
2.40×
Q2 25
0.65×
2.76×
Q1 25
0.69×
2.30×
Q4 24
0.73×
2.31×
Q3 24
0.75×
2.86×
Q2 24
0.86×
2.84×
Q1 24
0.90×
2.84×

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
VFC
VFC
Operating Cash FlowLast quarter
$654.0M
$1.0B
Free Cash FlowOCF − Capex
$530.0M
$977.9M
FCF MarginFCF / Revenue
24.4%
34.0%
Capex IntensityCapex / Revenue
5.7%
1.1%
Cash ConversionOCF / Net Profit
1.76×
3.36×
TTM Free Cash FlowTrailing 4 quarters
$1.4B
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HWM
HWM
VFC
VFC
Q4 25
$654.0M
$1.0B
Q3 25
$531.0M
$-227.0M
Q2 25
$446.0M
$-145.5M
Q1 25
$253.0M
$-171.1M
Q4 24
$480.0M
$918.1M
Q3 24
$244.0M
$-301.6M
Q2 24
$397.0M
$19.8M
Q1 24
$177.0M
Free Cash Flow
HWM
HWM
VFC
VFC
Q4 25
$530.0M
$977.9M
Q3 25
$423.0M
$-253.5M
Q2 25
$344.0M
$-173.7M
Q1 25
$134.0M
$-193.0M
Q4 24
$378.0M
$899.7M
Q3 24
$162.0M
$-322.4M
Q2 24
$342.0M
$-5.4M
Q1 24
$95.0M
FCF Margin
HWM
HWM
VFC
VFC
Q4 25
24.4%
34.0%
Q3 25
20.2%
-9.0%
Q2 25
16.8%
-9.9%
Q1 25
6.9%
-9.6%
Q4 24
20.0%
31.7%
Q3 24
8.8%
-11.7%
Q2 24
18.2%
-0.3%
Q1 24
5.2%
Capex Intensity
HWM
HWM
VFC
VFC
Q4 25
5.7%
1.1%
Q3 25
5.2%
0.9%
Q2 25
5.0%
1.6%
Q1 25
6.1%
1.1%
Q4 24
5.4%
0.6%
Q3 24
4.5%
0.8%
Q2 24
2.9%
1.3%
Q1 24
4.5%
Cash Conversion
HWM
HWM
VFC
VFC
Q4 25
1.76×
3.36×
Q3 25
1.38×
-1.20×
Q2 25
1.10×
Q1 25
0.74×
Q4 24
1.53×
5.47×
Q3 24
0.73×
-5.78×
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

HWM
HWM

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

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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