HOWMET AEROSPACE INC. vs Tenaris SA, two Steel stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where HWM and TS diverge most: on debt / equity, HWM reads 0.85 and TS reads 0.00; on return on equity, HWM reads 31.6% and TS reads 11.7%. 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 TS's price implies is a somewhat stretched bet versus history (whole-company basis). The bull and bear cases for each are in their full reports below.
| Metric | HWM | TS |
|---|---|---|
| Price | $270.83 | $55.59 |
| Market cap | $109.1B | $58.7B |
| Sector | Steel | Steel |
| Stage | Cyclical | Cyclical |
| P/E | 62.8 | — |
| P/B | 19.77 | — |
| P/S | 12.66 | — |
| EV/EBITDA | 43.0 | — |
| Revenue growth | +14.2% | +21.7% |
| Gross margin | — | 34.4% |
| Operating margin | 32.6% | 19.1% |
| Net margin | 20.2% | 16.5% |
| Return on equity | 31.6% | 11.7% |
| Return on assets | 13.3% | 9.8% |
| Return on invested capital | 18.5% | 10.8% |
| FCF yield | 1.5% | — |
| Dividend yield | 0.2% | — |
| Debt / equity | 0.85 | 0.00 |
| Current ratio | 2.44 | 3.87 |
| Altman Z (solvency) | 7.65 | 7.37 |
| Piotroski F (quality) | 4 / 9 | 5 / 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.