HOWMET AEROSPACE INC. vs ArcelorMittal, two Steel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where HWM and MT diverge most: on revenue growth, HWM reads +14.2% and MT reads -5.1%; on debt / equity, HWM reads 0.85 and MT reads 0.00. The rest of the comparable metrics sit closer together. What HWM's price implies is a demanding bet versus history and the cohort (whole-company basis). What MT's price implies is a bet that sits within the historical range (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | HWM | MT |
|---|---|---|
| Price | $268.74 | $59.90 |
| Market cap | $108.3B | $45.7B |
| Sector | Steel | Steel |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +10.0% |
| P/E | 62.4 | 14.5 |
| P/B | 19.61 | 0.81 |
| P/S | 12.56 | 0.74 |
| EV/EBITDA | 42.6 | 6.1 |
| Revenue growth | +14.2% | -5.1% |
| Gross margin | — | 7.1% |
| Operating margin | 32.6% | 5.9% |
| Net margin | 20.2% | 5.3% |
| Return on equity | 31.6% | 5.7% |
| Return on assets | 13.3% | 3.3% |
| Return on invested capital | 18.5% | 5.8% |
| FCF yield | 1.5% | 10.5% |
| Dividend yield | 0.2% | — |
| Debt / equity | 0.85 | 0.00 |
| Current ratio | 2.44 | 1.36 |
| Altman Z (solvency) | 7.65 | 2.23 |
| Piotroski F (quality) | 4 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.