Cost of Revenue: Key Insights for Howmet Aerospace Inc. and L3Harris Technologies, Inc.

Cost of Revenue Trends: Howmet Aerospace Inc. vs. L3Harris Technologies, Inc.

In the ever-evolving aerospace and defense sectors, understanding cost dynamics is crucial. From 2014 to 2023, Howmet Aerospace Inc. and L3Harris Technologies, Inc. have shown distinct trajectories in their cost of revenue. Howmet Aerospace's cost of revenue peaked in 2018, reaching approximately 11% higher than its 2014 figures, before experiencing a significant dip in 2020, dropping by nearly 65%. This decline coincides with global disruptions, hinting at strategic cost management or operational challenges. Conversely, L3Harris Technologies demonstrated a steady increase, with a notable surge in 2019, marking a 470% rise from 2014. By 2023, L3Harris's cost of revenue was 500% higher than its 2014 baseline, reflecting robust growth and possibly expanded operations. These trends underscore the contrasting financial strategies and market responses of these industry giants.