Howmet Aerospace Inc. or HEICO Corporation: Who Leads in Yearly Revenue?

Aerospace Revenue Showdown: Howmet vs. HEICO

__timestamp	HEICO Corporation	Howmet Aerospace Inc.
Wednesday, January 1, 2014	1132311000	12542000000
Thursday, January 1, 2015	1188648000	12413000000
Friday, January 1, 2016	1376258000	12394000000
Sunday, January 1, 2017	1524813000	12960000000
Monday, January 1, 2018	1777721000	14014000000
Tuesday, January 1, 2019	2055647000	14192000000
Wednesday, January 1, 2020	1787009000	5259000000
Friday, January 1, 2021	1865682000	4972000000
Saturday, January 1, 2022	2208322000	5663000000
Sunday, January 1, 2023	2968105000	6640000000
Monday, January 1, 2024	3857669000	7430000000

In pursuit of knowledge

Aerospace Revenue Race: Howmet vs. HEICO

In the competitive world of aerospace, revenue growth is a key indicator of success. From 2014 to 2023, Howmet Aerospace Inc. consistently outpaced HEICO Corporation in annual revenue. Howmet's revenue peaked in 2019, reaching approximately $14 billion, nearly ten times HEICO's revenue that year. However, the pandemic in 2020 saw Howmet's revenue drop by over 60%, while HEICO maintained a steady growth trajectory, increasing its revenue by 40% from 2014 to 2023. By 2023, HEICO's revenue had surged to nearly $3 billion, closing the gap with Howmet, which rebounded to $6.6 billion. The data for 2024 is incomplete, but HEICO's upward trend suggests a promising future. This analysis highlights the resilience and adaptability of these aerospace giants in a fluctuating market.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025