Howmet Aerospace Inc. (HWM) Return on Invested Capital (ROIC): 18.19%
Is Howmet Aerospace Inc.’s return on invested capital (ROIC) high or low?
Howmet Aerospace Inc.'s return on invested capital (ROIC) of 18.19% is 56% above its 5-year average of 11.63%, near the high end of its 5-year range (7.66%–18.19%).
As of Sunday, June 21, 2026. 8.02% above its 12-month average of 16.84%.
HWM Return on Invested Capital (ROIC) Chart
HWM Average Return on Invested Capital (ROIC) Chart
HWM Current vs Average Return on Invested Capital (ROIC) Chart
HWM Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
18.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
16.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
13.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
5.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+8.02%
CURRENT VS 3Y AVG
+35.32%
CURRENT VS 5Y AVG
+56.47%
CURRENT VS 10Y AVG
+237.14%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
HWM Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Howmet Aerospace Inc. (HWM) | $111.09B | 18.19% | 16.84% | 13.44% | 11.63% |
| Quanta Services, Inc. (PWR)vs › | $105.38B | 7.07% | 7.53% | 7.36% | 7.14% |
| Lockheed Martin Corporation (LMT)vs › | $117.81B | 17.39% | 16.86% | 18.35% | 18.91% |
| Parker-Hannifin Corporation (PH)vs › | $120.19B | 13.69% | 12.91% | 11.49% | 10.97% |
| Cummins Inc. (CMI)vs › | $98.92B | 11.41% | 12.55% | 9.89% | 10.37% |
| General Dynamics Corporation (GD)vs › | $94.65B | 10.58% | 10.30% | 9.74% | 9.56% |
| Bloom Energy Corporation (BE)vs › | $93.56B | 1.89% | 1.48% | -6.32% | -6.80% |
| United Parcel Service, Inc. (UPS)vs › | $89.25B | 10.40% | 11.21% | 13.32% | 13.95% |
| Johnson Controls International plc (JCI)vs › | $88.36B | 8.68% | 7.82% | 7.36% | 6.62% |
| Automatic Data Processing, Inc. (ADP)vs › | $87.31B | 24.66% | 32.02% | 35.59% | 31.77% |
Capital Efficiency
ROIC
18.2%
ROE
31.6%
Howmet Aerospace Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Howmet Aerospace Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Howmet Aerospace Inc. (HWM)?
- The return on invested capital (ROIC) for HWM stock is 18.19%.
- Is Howmet Aerospace Inc.'s return on invested capital (ROIC) high or low?
- Howmet Aerospace Inc.'s return on invested capital (ROIC) of 18.19% is 56% above its 5-year average of 11.63%, near the high end of its 5-year range (7.66%–18.19%).
- What is the TTM average return on invested capital (ROIC) for Howmet Aerospace Inc. (HWM)?
- The TTM average return on invested capital (ROIC) for HWM stock is 16.84%.
- What is the 3Y average return on invested capital (ROIC) for Howmet Aerospace Inc. (HWM)?
- The 3Y average return on invested capital (ROIC) for HWM stock is 13.44%.
- What is the 5Y average return on invested capital (ROIC) for Howmet Aerospace Inc. (HWM)?
- The 5Y average return on invested capital (ROIC) for HWM stock is 11.63%.
- What is the 10Y average return on invested capital (ROIC) for Howmet Aerospace Inc. (HWM)?
- The 10Y average return on invested capital (ROIC) for HWM stock is 5.40%.
Howmet Aerospace Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 18.19% |
| 2024-12-31 | 15.49% |
| 2023-12-31 | 11.00% |
| 2022-12-31 | 9.09% |
| 2021-12-31 | 7.66% |
| 2020-12-31 | 8.32% |
| 2019-12-31 | 4.89% |
| 2018-12-31 | 6.38% |
| 2017-12-31 | -1.35% |
| 2016-12-31 | -17.97% |
| 2015-12-31 | -2.35% |
| 2014-12-31 | -1.46% |
Related Metrics
About Howmet Aerospace Inc.
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, and originally established in 1888 as Arconic Inc., is a global leader in providing sophisticated engineered solutions. The company caters to the aerospace and transportation sectors across a wide international footprint, including key markets such as the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, and China. Its business operations are structured into four main segments: Engine Products: This division manufactures critical components like airfoils and seamless rolled rings, primarily utilized in aircraft engines and industrial gas turbines, alongside various rotating and structural parts. Fastening Systems: This segment specializes in producing aerospace-grade fastening systems, as well as fasteners for commercial transportation, general industrial applications, and other uses. Engineered Structures: Responsible for supplying titanium ingots and mill products for aerospace and defense applications, this segment also provides aluminum and nickel forgings, and precision machined components and assemblies. Forged Wheels: This segment focuses on offering forged aluminum wheels and associated products specifically for the heavy-duty truck and commercial transportation markets.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- John C. Plant