Cost of Revenue: A Tale of Two Companies

In the ever-evolving landscape of aerospace and transportation, Howmet Aerospace Inc. and U-Haul Holding Company present a fascinating study in contrasts. Over the past decade, Howmet Aerospace has consistently reported a cost of revenue that dwarfs that of U-Haul, with figures peaking at over $11 billion in 2018. This represents a staggering 8,700% higher cost compared to U-Haul's highest recorded cost of revenue in 2024.

A Decade of Change

From 2014 to 2023, Howmet's cost of revenue saw a significant dip in 2020, dropping to $3.9 billion, likely reflecting industry-wide challenges. Meanwhile, U-Haul's cost of revenue has shown a steady increase, culminating in a notable spike in 2023, reaching $845 million, a 530% increase from 2014.

This data highlights the distinct operational scales and market dynamics faced by these two industry giants, offering a unique perspective on their financial strategies.