HWM
Howmet Aerospace Inc.
HWM has the edge over RDW overall, supported by lower modeled downside and stronger fundamentals.
RDW
Redwire Corporation
RDW's outlook is improving, though it still trails on the overall score.
HWM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
HWM's revenue, profitability, cash flow and balance sheet are all currently healthy.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
HWM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 35x | $177 | -21% |
| Forward | 35x | $223 | — |
| Fair | 43x | $221 | -1.1% |
| Current | 44x | $223 | — |
| Expensive | 58x | $297 | +33% |
Historical ranges are pointers, not guarantees.
HWM's PE is in its fair range at 44x. If earnings grow as analysts expect, today's price would be 35x next year's earnings, in its cheap range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
HWM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for HWM, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
HWM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.31 | +24% |
| Q3 2026 | $5.11 | +44% |
| Q2 2026 | $4.64 | +36% |
| Q1 2026 | $4.31 | +41% |
| Q4 2025 | $3.71 | +32% |
| Q3 2025 | $3.55 | +35% |
| Q2 2025 | $3.41 | +51% |
| Q1 2025 | $3.06 | +48% |
| Q4 2024 | $2.81 | +54% |
HWM has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
HWM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.7B | +29% |
| Q2 2026 | $2.5B | +24% |
| Q1 2026 | $2.3B | +19% |
| Q4 2025 | $2.2B | +15% |
| Q3 2025 | $2.1B | +14% |
| Q2 2025 | $2.1B | +9.2% |
| Q1 2025 | $1.9B | +6.5% |
| Q4 2024 | $1.9B | +9.2% |
HWM's revenue has grown year over year for 21 quarters in a row: $2.7B last quarter, up 29% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +2.8 points |
| Q2 2026 | 28% | +2.5 points |
| Q1 2026 | 33% | +7.1 points |
| Q4 2025 | 23% | -1 points |
| Q3 2025 | 26% | +3 points |
| Q2 2025 | 25% | +4.2 points |
| Q1 2025 | 25% | +5.2 points |
| Q4 2024 | 24% | +4.7 points |
HWM has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
HWM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $562M | +33% |
| Q2 2026 | $479M | +39% |
| Q1 2026 | $359M | +168% |
| Q4 2025 | $530M | +40% |
| Q3 2025 | $423M | +161% |
| Q2 2025 | $344M | +0.6% |
| Q1 2025 | $134M | +41% |
| Q4 2024 | $378M | -6.2% |
HWM has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
HWM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -2M shares |
| 1 year | -1.2% | -5M shares |
| 3 years | -3.6% | -15M shares |
| 5 years | -7.8% | -34M shares |
| Available history | -14% | -63M shares |
HWM has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $300M |
| Q1 2026 | $300M |
| Q4 2025 | $200M |
| Q3 2025 | $200M |
| Q2 2025 | $175M |
| Q1 2025 | $125M |
| Q4 2024 | $190M |
HWM spent $1.3B buying back its own shares over the past year, up 88% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
HWM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.4x | Healthy |
HWM's net debt is about 1.3 years of its operating earnings (EBITDA), up from 1.1 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
HWM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 22.0 | Neutral |
HWM's weekly RSI is 45 (neutral) and its Stochastic is 22 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
HWM PE vs Industrials Sector
| Metric | HWM | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 24x | 81% above |
| PE % | 51 | 58 | 7 pts below |
HWM is trading at 44x earnings, a 81% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
HWM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $215.5 | 3.5% above |
| 20 week MA | $246.8 | 9.6% below |
| 50 week MA | $241.8 | 7.7% below |
| 100 week MA | $201.1 | 11% above |
| 200 week MA | $133.0 | 68% above |
HWM has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
HWM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.1 | $27.4 | -12% |
| 2021 | $27.4 | $31.1 | +14% |
| 2022 | $31.1 | $39.1 | +25% |
| 2023 | $39.1 | $54.1 | +39% |
| 2024 | $54.1 | $111.2 | +106% |
| 2025 | $111.2 | $211.2 | +90% |
| 2026 YTD | $211.2 | $223.1 | +5.6% |
HWM has finished higher in five of the last six years, two of them by more than 50%. It's up 5.6% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over HWM on returns for 2026, with the stronger performance.