HOWMET AEROSPACE INC. vs Steel Dynamics, Inc., two Steel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where HWM and STLD diverge most: on p/s, HWM reads 13.20 and STLD reads 1.77; on p/b, HWM reads 20.61 and STLD reads 3.85. The rest of the comparable metrics sit closer together. What HWM's price implies is a somewhat stretched bet versus history (whole-company basis). What STLD'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 | STLD |
|---|---|---|
| Price | $282.40 | $251.05 |
| Market cap | $113.8B | $36.3B |
| Sector | Steel | Steel |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +20.3% |
| P/E | 65.5 | 22.8 |
| P/B | 20.61 | 3.85 |
| P/S | 13.20 | 1.77 |
| EV/EBITDA | 44.8 | 14.9 |
| Revenue growth | +14.2% | +19.4% |
| Gross margin | — | 15.7% |
| Operating margin | 32.6% | 11.5% |
| Net margin | 20.2% | 7.8% |
| Return on equity | 31.6% | 17.1% |
| Return on assets | 13.3% | 9.4% |
| Return on invested capital | 18.5% | 11.7% |
| FCF yield | 1.5% | 2.6% |
| Dividend yield | 0.2% | 0.8% |
| Debt / equity | 0.85 | 0.45 |
| Current ratio | 2.44 | 3.18 |
| Altman Z (solvency) | 7.65 | 5.84 |
| Piotroski F (quality) | 4 / 9 | 7 / 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.