Howmet Aerospace (HWM) vs Lockheed Martin (LMT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Howmet Aerospace (HWM) has outperformed Lockheed Martin (LMT) over the past year, gaining 16.1% versus a loss of 1.2%. Over five years, HWM leads with a +610.4% price change compared with +38.9% for LMT. Lockheed Martin is the larger company by market cap ($117.22 billion vs $88.76 billion), about 1.3 times the size, while Howmet Aerospace is growing revenue faster (+11.1% vs +5.6%).
On valuation, Lockheed Martin trades at a lower forward P/E (15.6x vs 34.5x for Howmet Aerospace). Lockheed Martin offers the higher dividend yield (2.69% vs 0.22%). Howmet Aerospace converts more of its revenue into profit, with a net margin of 18.3% versus 6.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HWM | LMT |
|---|---|---|
| Share price | $222.56 | $507.89 |
| Market cap | $88.76B | $117.22B |
| 1-day change | -0.09% | +1.74% |
| YTD return | +8.56% | +5.01% |
| 1-year return | +16.13% | -1.19% |
| 5-year return | +610.37% | +38.91% |
| P/E ratio (TTM) | 47.97 | 18.72 |
| Forward P/E | 34.46 | 15.55 |
| EPS (TTM) | $4.64 | $27.13 |
| Dividend yield | 0.22% | 2.69% |
| Annual dividend | $0.48 | $13.65 |
| Revenue (latest FY) | $8.25B | $75.05B |
| Revenue growth (YoY) | +11.06% | +5.64% |
| Net income (latest FY) | $1.51B | $5.02B |
| Gross margin | 34.17% | 10.15% |
| Operating margin | 24.79% | 10.30% |
| Net margin | 18.27% | 6.69% |
| 52-week high | $310.00 | $692.00 |
| 52-week low | $183.83 | $437.25 |
| Distance from 52-week high | -28.21% | -26.61% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +48.95% | +24.21% |
| Average volume | 2.74M | 1.14M |
| Shares outstanding | 398.80M | 230.79M |
| Employees | 25,430 | 123,000 |
| Sector | Industrials | Industrials |
| Industry | Metal Fabrications | Military/Government/Technical |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- HWM has outperformed LMT by 17.3 percentage points over the past year.
- Howmet Aerospace trades at a higher earnings multiple (48.0x vs 18.7x trailing P/E).
- Lockheed Martin offers a meaningfully higher dividend yield (2.69% vs 0.22%).
- Howmet Aerospace is more profitable, keeping 18.3 cents of every revenue dollar as net income versus 6.7 cents for Lockheed Martin.
- Howmet Aerospace grew revenue faster in its latest fiscal year (+11.06% vs +5.64%).
About Howmet Aerospace
HWM stock →Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally.
Industrials · Metal Fabrications · 25,430 employees
About Lockheed Martin
LMT stock →Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services in the United States, Europe, Asia, the Middle East, and internationally. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space.
Industrials · Military/Government/Technical · 123,000 employees
HWM vs LMT FAQ
Which is bigger, Howmet Aerospace or Lockheed Martin?
Lockheed Martin (LMT) is larger, with a market capitalization of $117.22B compared with $88.76B for Howmet Aerospace (HWM).
Which stock has performed better over the past year, HWM or LMT?
HWM returned +16.13% over the past 12 months, compared with -1.19% for LMT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HWM or LMT?
LMT has the lower trailing P/E at 18.7, versus 48.0 for HWM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Howmet Aerospace or Lockheed Martin?
Lockheed Martin has the higher yield at 2.69%, compared with 0.22% for Howmet Aerospace.
Are Howmet Aerospace and Lockheed Martin in the same industry?
Both are in the Industrials sector, but in different industries: Metal Fabrications for Howmet Aerospace and Military/Government/Technical for Lockheed Martin.