Howmet Aerospace Inc. vs ITT Inc.: A Gross Profit Performance Breakdown

A Tale of Two Giants: Howmet Aerospace Inc. vs ITT Inc.

In the competitive landscape of aerospace and engineering, Howmet Aerospace Inc. and ITT Inc. have showcased intriguing trends in gross profit over the past decade. From 2014 to 2023, Howmet Aerospace consistently outperformed ITT Inc., with an average gross profit nearly 2.5 times higher. However, the pandemic year of 2020 marked a significant downturn for Howmet, with profits plummeting by over 50% compared to 2019. In contrast, ITT Inc. demonstrated resilience, maintaining a relatively stable profit margin throughout the same period.

By 2023, Howmet Aerospace began to recover, achieving a gross profit of approximately 1.9 billion, while ITT Inc. reached a new high of 1.1 billion. This recovery highlights Howmet's robust adaptability in a volatile market. As the industry evolves, these two companies continue to set benchmarks in financial performance, offering valuable insights into strategic resilience and growth.