Howmet Aerospace price to free cash flow HWM

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 41.4×
9-year median: 57.2×
Against its 9-year history: 28th; percentile: 0 is its lowest day, 100 its highest
9-year range: 28.7× to 490×
Peer median: 26.6×

Howmet Aerospace's price to free cash flow is 41.4× as of Oct 23, 2026.

That is below its 9-year median of 57.2×, lower than on 72% of days in the last 9 years.

Over that time it ranged from 28.7× in Nov 2023 to 490× in Jun 2017.

The median for 10 aerospace and defense stocks of a similar size is 26.6×.

Price to free cash flow over time

median 57.2×

The dashed line is the 9-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	41.4×	41.4×	73.6×
2025	66.4×	45.7×	78.6×
2024	45.1×	32.2×	48.0×
2023	32.3×	28.7×	45.3×
2022	43.8×	34.8×	134×
2021	121×	110×	376×
2020	n/m a value too high to mean anything
2019	n/m a value too high to mean anything
2018	103×	103×	186×
2017	164×	143×	490×
2016	70.5×	7.0×	72.5×
2015	10.0×	8.1×	30.1×
2014	26.8×	18.0×	26.8×
2013	19.1×	13.3×	27.2×
2012	17.6×	5.3×	18.1×
2011	5.0×	5.0×	15.0×
2010	10.6×	8.8×	20.9×

Against its peers

Companies in Aerospace & Defense nearest Howmet Aerospace's size, closest first, today.

Company	Price to free cash flow
HWMHowmet Aerospace	41.4×
NOCNorthrop Grumman	21.5×
TDGTransDigm	31.7×
GDGeneral Dynamics	14.7×
HONAHoneywell Aerospace	n/m
LHXL3Harris Technologies	16.8×
HEIHEICO	40.3×
LMTLockheed Martin	n/m
BABoeing	n/m
AXONAxon Enterprise	256×
RTXRTX	n/m
Peer median	26.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Howmet Aerospace

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.