Key Insights on Gross Profit: Howmet Aerospace Inc. vs Allegion plc

A Tale of Two Giants: Howmet Aerospace Inc. vs Allegion plc

In the ever-evolving landscape of aerospace and security solutions, Howmet Aerospace Inc. and Allegion plc have carved distinct paths. From 2014 to 2023, Howmet Aerospace consistently outperformed Allegion in gross profit, peaking in 2019 with a staggering 2.965 billion. However, the pandemic year of 2020 marked a turning point, with Howmet's profits plummeting by over 50%, while Allegion showed resilience, maintaining a steady growth trajectory.

By 2023, Allegion's gross profit surged by 85% from its 2014 figures, reaching 1.582 billion, while Howmet's recovery was evident with a 35% increase from its 2020 low. This decade-long comparison highlights the contrasting strategies and market dynamics faced by these industry leaders. As the global economy stabilizes, both companies are poised for new opportunities, with Allegion's steady climb and Howmet's robust recovery setting the stage for future growth.