Comparative EBITDA Analysis: Howmet Aerospace Inc. vs HEICO Corporation

A Decade of EBITDA Growth: Howmet Aerospace Inc. vs HEICO Corporation

In the competitive landscape of aerospace and defense, Howmet Aerospace Inc. and HEICO Corporation have demonstrated remarkable financial resilience over the past decade. From 2014 to 2023, Howmet Aerospace consistently outperformed HEICO in terms of EBITDA, with an average EBITDA nearly three times higher. Notably, Howmet's EBITDA peaked in 2015, reaching approximately $1.94 billion, while HEICO's highest recorded EBITDA was around $824 million in 2024.

Despite HEICO's steady growth, averaging a 10% annual increase, Howmet's performance was more volatile, with a significant dip in 2019 and 2020. However, by 2023, Howmet rebounded with a 76% increase from its 2020 low. This analysis highlights the dynamic nature of the aerospace sector, where strategic decisions and market conditions can significantly impact financial outcomes.