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Howmet Aerospace vs Mueller Industries: revenue, profit, margins and growth compared

Howmet Aerospace brought in $8.3B of revenue in fiscal 2025, Mueller Industries $4.2B in fiscal 2025. Revenue changed by +11.1% at Howmet Aerospace and +10.9% at Mueller Industries on the year before, so Howmet Aerospace grew faster. Howmet Aerospace kept 18.3% of its revenue as net profit, Mueller Industries 18.3%. Free cash flow was $1.4B at Howmet Aerospace and $686.6M at Mueller Industries.

Side by side, latest fiscal year

HWMMLI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 27, 2025)
Revenue$8.3B$4.2B
Revenue growth+11.1%+10.9%
Net income$1.5B$765.2M
Net margin18.3%18.3%
Free cash flow$1.4B$686.6M
Free cash flow margin17.3%16.4%
Earnings per share (diluted)$3.71$6.86
Cash$742M$1.4B
Debt$3.1B$0
Price to earnings62.78.8
Market value$92.7B$13.4B
Dividend yield0.19%1.65%
Rank by revenue in sector#77 of 451 · Industrials#136 of 451 · Industrials

Over the years

Revenue
HWM FY2018: $14BHWM FY2019: $7.1BHWM FY2020: $5.3BHWM FY2021: $5BHWM FY2022: $5.7BHWM FY2023: $6.6BHWM FY2024: $7.4BHWM FY2025: $8.3BMLI FY2018: $2.5BMLI FY2019: $2.4BMLI FY2020: $2.4BMLI FY2021: $3.8BMLI FY2022: $4BMLI FY2023: $3.4BMLI FY2024: $3.8BMLI FY2025: $4.2BFY18FY19FY20FY21FY22FY23FY24FY25
HWM $8.3BMLI $4.2B
Net income
HWM FY2018: $642MHWM FY2019: $470MHWM FY2020: $261MHWM FY2021: $258MHWM FY2022: $469MHWM FY2023: $765MHWM FY2024: $1.2BHWM FY2025: $1.5BMLI FY2018: $104.5MMLI FY2019: $101MMLI FY2020: $139.5MMLI FY2021: $468.5MMLI FY2022: $658.3MMLI FY2023: $602.9MMLI FY2024: $604.9MMLI FY2025: $765.2MFY18FY19FY20FY21FY22FY23FY24FY25
HWM $1.5BMLI $765.2M
Net margin
HWM FY2018: 4.6%HWM FY2019: 6.6%HWM FY2020: 5.0%HWM FY2021: 5.2%HWM FY2022: 8.3%HWM FY2023: 11.5%HWM FY2024: 15.5%HWM FY2025: 18.3%MLI FY2018: 4.2%MLI FY2019: 4.2%MLI FY2020: 5.8%MLI FY2021: 12.4%MLI FY2022: 16.5%MLI FY2023: 17.6%MLI FY2024: 16.0%MLI FY2025: 18.3%FY18FY19FY20FY21FY22FY23FY24FY25
HWM 18.3%MLI 18.3%
Revenue growth
HWM FY2019: -49.4%HWM FY2020: -25.9%HWM FY2021: -5.5%HWM FY2022: +13.9%HWM FY2023: +17.3%HWM FY2024: +11.9%HWM FY2025: +11.1%MLI FY2019: -3.1%MLI FY2020: -1.3%MLI FY2021: +57.2%MLI FY2022: +5.7%MLI FY2023: -14.1%MLI FY2024: +10.2%MLI FY2025: +10.9%FY19FY20FY21FY22FY23FY24FY25
HWM +11.1%MLI +10.9%
Free cash flow
HWM FY2018: -$551MHWM FY2019: -$180MHWM FY2020: -$258MHWM FY2021: $250MHWM FY2022: $540MHWM FY2023: $682MHWM FY2024: $977MHWM FY2025: $1.4BMLI FY2018: $129.4MMLI FY2019: $169.4MMLI FY2020: $201.2MMLI FY2021: $279.9MMLI FY2022: $686.3MMLI FY2023: $618.7MMLI FY2024: $565.7MMLI FY2025: $686.6MFY18FY19FY20FY21FY22FY23FY24FY25
HWM $1.4BMLI $686.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Howmet Aerospace and Mueller Industries

Which is bigger by revenue, Howmet Aerospace or Mueller Industries?

Howmet Aerospace is bigger by revenue: $8.3B in fiscal 2025, against $4.2B for Mueller Industries in fiscal 2025.

Which keeps more of its revenue as profit, Howmet Aerospace or Mueller Industries?

Howmet Aerospace had a net margin of 18.3% in fiscal 2025; Mueller Industries had 18.3% in fiscal 2025.

Which grew revenue faster, Howmet Aerospace or Mueller Industries?

In their latest fiscal years revenue changed by +11.1% at Howmet Aerospace and +10.9% at Mueller Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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